ALNEMAT CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ALNEMAT CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €80,899 and a net result of €31,269. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 28254 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
Profitability92▲+7
Solvency74▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.69 in 2024; short-term debt: 50.7% and cash: 52.7% of total assets), but 50.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.1%
Return on assets
19%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
52 d late
2024
68 d late
2023
92 d late
2022
37 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 62 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 29 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,899▲ 25.2%
2024 · €64,630
Total assets
€164,867▲ 38.0%
2024 · €119,503
Net result
€31,269▲ 97.3%
2024 · €15,849
Working capital
€77,220▲ 16.5%
2024 · €66,255
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€46,815-€12,203▼ 73.9%€22,874▲ 87.5%€35,835▲ 56.7%
Net result€36,782above the sector's middle half-€9,999within the sector's middle half▼ 72.8%€15,849within the sector's middle half▲ 58.5%€31,269above the sector's middle half▲ 97.3%
Equity€38,782within the sector's middle half-€48,781within the sector's middle half▲ 25.8%€64,630within the sector's middle half▲ 32.5%€80,899within the sector's middle half▲ 25.2%
Total assets€84,322within the sector's middle half-€77,599within the sector's middle half▼ 8.0%€119,503within the sector's middle half▲ 54.0%€164,867within the sector's middle half▲ 38.0%
Debt€45,540-€28,817▼ 36.7%€54,873▲ 90.4%€83,967▲ 53.0%
Working capital€15,875within the sector's middle half-€28,969within the sector's middle half▲ 82.5%€66,255within the sector's middle half▲ 129%€77,220within the sector's middle half▲ 16.5%
Solvency46.0%within the sector's middle half-62.9%within the sector's middle half▲ 16.9pp54.1%within the sector's middle half▼ 8.8pp49.1%within the sector's middle half▼ 5.0pp
Current ratio1.35within the sector's middle half-2.01within the sector's middle half▲ 0.662.69within the sector's middle half▲ 0.691.92within the sector's middle half▼ 0.77
Return on assets (ROA)43.6%above the sector's middle half-12.9%within the sector's middle half▼ 30.7pp13.3%within the sector's middle half▲ 0.4pp19.0%above the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,867
Fixed assets
€4,087 ▼ 71.0%
Current assets
€160,780 ▲ 52.5%
Equity and liabilities €164,867
Equity
€80,899 ▲ 25.2%
Debt
€83,967 ▲ 53.0%
Debt's share of the balance-sheet total rises from 45.9% to 50.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47,208▲
2024 · €34,533
Cash flow
€42,642▲
2024 · €27,508
Debt to equity
1.04▲
2024 · 0.85
ROE
38.7%▲
2024 · 24.5%
Interest coverage
338.36▼
2024 · 514.27
Debt ≤ 1 year
€83,559▲
2024 · €39,173
Income taxes
€4,806▼
2024 · €6,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €869 | €9,235 | €11,659 | €11,373 | ▼ 2.5% |
| Other operating charges640/8 | €986 | €1,078 | €1,026 | €1,080 | ▲ 5.2% |
| Gross operating margin9900 | €48,670 | €22,515 | €35,560 | €48,288 | ▲ 35.8% |
| Operating profit (loss)9901 | €46,815 | €12,203 | €22,874 | €35,835 | ▲ 56.7% |
| Financial income75/76B | €2 | €2 | €1 | €380 | ▲ 34,097% |
| Recurring financial income75 | €2 | €2 | €1 | €380 | ▲ 34,097% |
| Financial charges65/66B | €36 | €265 | €67 | €140 | ▲ 108% |
| Recurring financial charges65 | €36 | €265 | €67 | €140 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €46,782 | €11,940 | €22,808 | €36,075 | ▲ 58.2% |
| Income taxes67/77 | €10,000 | €1,940 | €6,960 | €4,806 | ▼ 30.9% |
| Profit (loss) for the period9904 | €36,782 | €9,999 | €15,849 | €31,269 | ▲ 97.3% |
| Profit (loss) for the period to be appropriated9905 | €36,782 | €9,999 | €15,849 | €31,269 | ▲ 97.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €84,322 | €77,599 | €119,503 | €164,867 | ▲ 38.0% |
| Fixed assets21/28 | €22,907 | €19,812 | €14,075 | €4,087 | ▼ 71.0% |
| Tangible fixed assets22/27 | €22,847 | €19,752 | €14,015 | €4,027 | ▼ 71.3% |
| Furniture and vehicles24 | €22,847 | €19,752 | €14,015 | €4,027 | ▼ 71.3% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €61,415 | €57,787 | €105,428 | €160,780 | ▲ 52.5% |
| Amounts receivable within one year40/41 | €16,298 | €24,094 | €49,330 | €73,934 | ▲ 49.9% |
| Trade receivables40 | €14,298 | €22,094 | €47,330 | €71,934 | ▲ 52.0% |
| Other amounts receivable41 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Cash at bank and in hand54/58 | €44,591 | €33,612 | €52,303 | €86,846 | ▲ 66.0% |
| Deferred charges and accrued income490/1 | €525 | €80 | €3,795 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €84,322 | €77,599 | €119,503 | €164,867 | ▲ 38.0% |
| Equity10/15 | €38,782 | €48,781 | €64,630 | €80,899 | ▲ 25.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €15,000 | €29,000 | ▲ 93.3% |
| Distributable reserves133 | - | - | €15,000 | €29,000 | ▲ 93.3% |
| Profit (loss) carried forward14 | €36,782 | €46,781 | €47,630 | €49,899 | ▲ 4.8% |
| Amounts payable17/49 | €45,540 | €28,817 | €54,873 | €83,967 | ▲ 53.0% |
| Amounts payable within one year42/48 | €45,540 | €28,817 | €39,173 | €83,559 | ▲ 113% |
| Trade debts44 | €24,780 | €9,118 | €14,778 | €19,859 | ▲ 34.4% |
| Suppliers440/4 | €24,780 | €9,118 | €14,778 | €19,859 | ▲ 34.4% |
| Taxes, remuneration and social security45 | €14,572 | €17,125 | €12,567 | €26,676 | ▲ 112% |
| Taxes450/3 | €14,572 | €17,024 | €12,255 | €26,676 | ▲ 118% |
| Remuneration and social security454/9 | - | €101 | €311 | - | - |
| Other amounts payable47/48 | €6,188 | €2,575 | €11,827 | €37,025 | ▲ 213% |
| Accrued charges and deferred income492/3 | - | - | €15,700 | €408 | ▼ 97.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,782 | €9,999 | €15,849 | €31,269 | ▲ 97.3% |
| + Depreciation and write-downs630 | €869 | €9,235 | €11,659 | €11,373 | ▼ 2.5% |
| Operating cash flow (approximation) | €37,651 | €19,234 | €27,508 | €42,642 | ▲ 55.0% |
| Investment in fixed assets (approximation) | - | -€6,140 | -€5,921 | -€1,385 | ▲ 76.6% |
| Change in cash | - | -€10,979 | €18,690 | €34,543 | ▲ 84.8% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €9,999 ▼72.8%
Net result drops to €9,999, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 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, Gent · 1 establishment unit since 2021
Ground area
1,452 m²
Building footprint
687 m²
Volume, LiDAR
13,900 m³
2 parcels, Brussels, Flanders · tallest building 28.8 m, ±9 floors. Linked by address, not a title deed.
144
companies at this address
See who is registered here
1 establishment unit
ALNEMAT CONSTRUCT
since 20212.324.820.180
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0260/00E000 | Brussels | 1,238 m² | 1 · 484 m² | 28.8 m · 9 fl. |
| 44808H0052/00R006 | Flanders | 214 m² | 1 · 202 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,235 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
Founded06-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778285735
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.