ALLIANCE V
ActiveSummary
The computed 12-month bankruptcy probability of ALLIANCE V is 6.4% (elevated). The 2025 annual accounts show negative equity (-€3,626) and a net result of €6,430. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 13617 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-1
Solvency22▲+5
Growth53▼-19
Track record94
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.91 in 2024; short-term debt: 101.7% and cash: 16.4% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.7%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 13617 sector peers (2025).
NBB · sector comparisonPosition among 13617 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
8 d late
2022
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€651,096▼ 11.8%
2023 · €738,278
EBIT margin
2.3%▲ 3.3pp
2023 · -1.0%
Net result
€6,430▲ 107%
2024 · €3,114
Working capital
-€2,345▲ 78.5%
2024 · -€10,885
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€591,160-€738,278▲ 24.9%€651,096
Operating result€6,894--€7,048€12,911€15,234▲ 18.0%
Net result€928within the sector's middle half--€14,099below the sector's middle half€3,114within the sector's middle half€6,430within the sector's middle half▲ 107%
EBIT margin1.2%--1.0%▼ 2.1pp2.3%
Equity€928within the sector's middle half--€13,171below the sector's middle half-€10,057below the sector's middle half▲ 23.6%-€3,626below the sector's middle half▲ 63.9%
Total assets€113,052within the sector's middle half-€103,916within the sector's middle half▼ 8.1%€121,264within the sector's middle half▲ 16.7%€136,542within the sector's middle half▲ 12.6%
Debt€112,124-€117,087▲ 4.4%€131,321▲ 12.2%€140,168▲ 6.7%
Working capital€22,709within the sector's middle half-€8,163within the sector's middle half▼ 64.1%-€10,885within the sector's middle half-€2,345within the sector's middle half▲ 78.5%
Solvency0.8%within the sector's middle half--12.7%below the sector's middle half▼ 13.5pp-8.3%below the sector's middle half▲ 4.4pp-2.7%below the sector's middle half▲ 5.6pp
Current ratio1.36within the sector's middle half-1.10within the sector's middle half▼ 0.260.91within the sector's middle half▼ 0.200.98within the sector's middle half▲ 0.08
Return on assets (ROA)0.8%within the sector's middle half--13.6%below the sector's middle half▼ 14.4pp2.6%within the sector's middle half▲ 16.1pp4.7%within the sector's middle half▲ 2.1pp
Staff (FTE)13.4-13.4=25.2
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Key figures and ratios
EBITDA
€23,442▼
2024 · €25,750
Cash flow
€14,638▼
2024 · €15,953
Quick ratio
0.92▲
2024 · 0.88
Debt to equity
-38.65▼
2024 · -13.06
Interest coverage
2.66▲
2024 · 2.63
Debt ≤ 1 year
€138,887▲
2024 · €117,941
Debt > 1 year
€1,282▼
2024 · €13,380
Staff costs
€266,311▼
2024 · €294,481
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 262 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
1.1%
went bankrupt
0.8%
stopped otherwise
97%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 262 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €591,160 | €738,278 | - | €651,096 | - |
| Goods, raw materials, services and sundry goods60/61 | €373,430 | €450,216 | - | €366,474 | - |
| Remuneration, social security and pensions62 | €227,728 | €345,371 | €294,481 | €266,311 | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,839 | €11,885 | €12,839 | €8,208 | ▼ 36.1% |
| Other operating charges640/8 | €388 | €3,125 | €1,913 | €14,048 | ▲ 634% |
| Non-recurring operating charges66A | - | €1,729 | €271 | €70 | ▼ 74.2% |
| Gross operating margin9900 | €247,848 | €355,061 | €322,415 | €303,870 | ▼ 5.8% |
| Operating profit (loss)9901 | €6,894 | -€7,048 | €12,911 | €15,234 | ▲ 18.0% |
| Financial charges65/66B | €5,656 | €6,681 | €9,797 | €8,804 | ▼ 10.1% |
| Recurring financial charges65 | €5,656 | €6,681 | €9,797 | €8,804 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €1,238 | -€13,729 | €3,114 | €6,430 | ▲ 107% |
| Income taxes67/77 | €309 | €370 | - | - | - |
| Profit (loss) for the period9904 | €928 | -€14,099 | €3,114 | €6,430 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €928 | -€14,099 | €3,114 | €6,430 | ▲ 107% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €113,052 | €103,916 | €121,264 | €136,542 | ▲ 12.6% |
| Fixed assets21/28 | €27,950 | €16,582 | €14,208 | - | - |
| Tangible fixed assets22/27 | €27,950 | €16,582 | €8,208 | - | - |
| Furniture and vehicles24 | €27,950 | €16,582 | €8,208 | - | - |
| Financial fixed assets28 | - | - | €6,000 | - | - |
| Current assets29/58 | €85,102 | €87,334 | €107,057 | €136,542 | ▲ 27.5% |
| Stocks and contracts in progress3 | €9,835 | €4,963 | €3,826 | €8,923 | ▲ 133% |
| Stocks30/36 | €9,835 | €4,963 | €3,826 | €8,923 | ▲ 133% |
| Amounts receivable within one year40/41 | €37,362 | €25,661 | €83,827 | €105,259 | ▲ 25.6% |
| Trade receivables40 | €37,256 | €25,196 | €559 | €1,838 | ▲ 229% |
| Other amounts receivable41 | €106 | €465 | €83,268 | €103,421 | ▲ 24.2% |
| Cash at bank and in hand54/58 | €37,905 | €56,710 | €19,404 | €22,360 | ▲ 15.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €113,052 | €103,916 | €121,264 | €136,542 | ▲ 12.6% |
| Equity10/15 | €928 | -€13,171 | -€10,057 | -€3,626 | ▲ 63.9% |
| Profit (loss) carried forward14 | €928 | -€13,171 | -€10,057 | -€3,626 | ▲ 63.9% |
| Amounts payable17/49 | €112,124 | €117,087 | €131,321 | €140,168 | ▲ 6.7% |
| Amounts payable after more than one year17 | €49,730 | €37,916 | €13,380 | €1,282 | ▼ 90.4% |
| Financial debts170/4 | €49,730 | €37,916 | €13,380 | €1,282 | ▼ 90.4% |
| Amounts payable within one year42/48 | €62,393 | €79,171 | €117,941 | €138,887 | ▲ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | €12,553 | €12,553 | = |
| Trade debts44 | €21,636 | €29,650 | €33,433 | €57,965 | ▲ 73.4% |
| Suppliers440/4 | €21,636 | €29,650 | €33,433 | €57,965 | ▲ 73.4% |
| Taxes, remuneration and social security45 | €40,757 | €49,521 | €71,956 | €65,820 | ▼ 8.5% |
| Taxes450/3 | €6,078 | €11,252 | €23,421 | €32,467 | ▲ 38.6% |
| Remuneration and social security454/9 | €34,679 | €38,269 | €48,536 | €33,353 | ▼ 31.3% |
| Other amounts payable47/48 | - | - | - | €2,549 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €928 | -€14,099 | €3,114 | €6,430 | ▲ 107% |
| + Depreciation and write-downs630 | €12,839 | €11,885 | €12,839 | €8,208 | ▼ 36.1% |
| Operating cash flow (approximation) | €13,767 | -€2,214 | €15,953 | €14,638 | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | -€517 | -€10,465 | - | - |
| Change in cash | - | €18,806 | -€37,307 | €2,956 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €6,430 ▲107%
Operating result €15,234, net result €6,430, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,114
Net result €3,114 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet -€14,099
Net result drops to -€14,099, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 2 establishment units since 2021
Ground area
2,188 m²
Building footprint
204 m²
Volume, LiDAR
2,745 m³
Parcel 92075A0211/00C010, Wallonia · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ALLIANCE V
since 20212.324.690.716
La Cabane du bout du Monde
since 20252.373.346.114
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92075A0211/00C010 | Wallonia | 2,188 m² | 1 · 203 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCiney2.324.690.716
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 1,503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777478754
Registered
10-12-2021
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.