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ALPA

Active
Public limited companyfounded 199332 yrs activeEduard Dompasstraat 43, 3570 Alken, BelgiumKBO/BCE: BE 0451.400.485
Summary

ALPA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €227,741 and a net result of -€11,303. Equity is shrinking by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability26▲+5
Solvency63▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.44 in 2025; short-term debt: 61.4% and cash: 5.2% of total assets), and 62.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1920212223242526
2019 to 2026 · latest year -€11,303
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 13-08-2026, 171 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
171 d early
2025
157 d early
2024
4 d early
2023
51 d early
2022
50 d early
2021
1 d late
2020
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 62 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 11 December (4 of the last 5 filed years within 106 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-06-2027 close31-01-2028 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALPA was incorporated on 15 November 1993.1 Total assets rose from EUR 411,549 in 2019 to EUR 602,780 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
€227,741▼ 4.7%
2025 · €239,044
Total assets
€602,780▼ 2.7%
2025 · €619,465
Net result
-€11,303▲ 47.6%
2025 · -€21,583
Working capital
-€201,996▲ 3.9%
2025 · -€210,196
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€399-€1,883-€11,454▼ 508%€416€6,705▲ 1,512%
Net result-€4,771-€6,966▼ 46.0%-€21,410▼ 207%-€21,583▼ 0.8%-€11,303▲ 47.6%
Equity€289,003▼ 4.6%€282,037▼ 2.4%€260,627▼ 7.6%€239,044▼ 8.3%€227,741▼ 4.7%
Total assets€492,737▼ 2.2%€501,929▲ 1.9%€635,673▲ 26.6%€619,465▼ 2.5%€602,780▼ 2.7%
Debt€194,454▼ 3.2%€211,643▲ 8.8%€367,829▲ 73.8%€374,234▲ 1.7%€369,884▼ 1.2%
Working capital€104,399▲ 6.7%€110,243▲ 5.6%-€208,402-€210,196▼ 0.9%-€201,996▲ 3.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2022: €399€399Net result 2022: -€4,771-€4,771Operating result 2023: -€1,883-€1,883Net result 2023: -€6,966-€6,966Operating result 2024: -€11,454-€11,454Net result 2024: -€21,410-€21,410Operating result 2025: €416€416Net result 2025: -€21,583-€21,583Operating result 2026: €6,705€6,705Net result 2026: -€11,303-€11,30320222023202420252026-€30,000-€20,000-€10,000€0€10,000Operating result 2024: -€11,454-€11,500Net result 2024: -€21,410-€21,400Operating result 2025: €416€416Net result 2025: -€21,583-€21,600Operating result 2026: €6,705€6,710Net result 2026: -€11,303-€11,300202420252026
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 1,512% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €602,780
Fixed assets €434,893 ▼ 4.5%
Current assets €167,888 ▲ 2.3%
Equity and liabilities €602,780
Equity €227,741 ▼ 4.7%
Provisions €5,156 ▼ 16.7%
Debt €369,884 ▼ 1.2%
Debt's share of the balance-sheet total rises from 60.4% to 61.4%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€27,240▲
2025 · €21,235
Cash flow
€9,231▲
2025 · -€764
Current ratio
0.45▲
2025 · 0.44
Debt to equity
1.62▲
2025 · 1.57
ROE
-5.0%▲
2025 · -9.0%
ROA
-1.9%▲
2025 · -3.5%
Interest coverage
1.20▲
2025 · 0.77
Debt ≤ 1 year
€369,884▼
2025 · €374,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.1% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,611 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 46 lines
Balance sheet Code20252026
Assets
Total assets20/58€619,465€602,780▼
Fixed assets21/28€455,427€434,893▼
Tangible fixed assets22/27€455,427€434,893▼
Land and buildings22€455,370€434,893▼
Furniture and vehicles24€57€0▼
Current assets29/58€164,038€167,888▲
Amounts receivable within one year40/41€1,345€558▼
Other amounts receivable41€1,345€558▼
Current investments50/53€135,921€135,921=
Cash at bank and in hand54/58€26,771€31,409▲
Equity and liabilities
Total equity and liabilities10/49€619,465€602,780▼
Equity10/15€239,044€227,741▼
Contributions10/11€186,000€186,000=
Capital10€186,000€186,000=
Issued capital100€186,000€186,000=
Reserves13€94,370€91,277▼
Non-distributable reserves130/1€5,400€5,400=
Legal reserve130€5,400€5,400=
Tax-exempt reserves132€18,560€15,467▼
Distributable reserves133€70,410€70,410=
Profit (loss) carried forward14-€41,326-€49,536▼
Provisions and deferred taxes16€6,187€5,156▼
Deferred taxes168€6,187€5,156▼
Amounts payable17/49€374,234€369,884▼
Amounts payable within one year42/48€374,234€369,884▼
Trade debts44€1,749€2,140▲
Suppliers440/4€1,749€2,140▲
Taxes, remuneration and social security45€8,223€6,801▼
Taxes450/3€8,223€6,801▼
Other amounts payable47/48€364,262€360,943▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,819€20,535▼
Other operating charges640/8€3,894€2,823▼
Gross operating margin9900€25,129€30,063▲
Operating profit (loss)9901€416€6,705▲
Financial income75/76B€4,485€3,659▼
Recurring financial income75€4,485€3,659▼
Financial charges65/66B€27,515€22,699▼
Recurring financial charges65€27,515€22,699▼
Profit (loss) for the period before taxes9903-€22,614-€12,335▲
Transfer from deferred taxes780€1,031€1,031=
Income taxes67/77€0-
Profit (loss) for the period9904-€21,583-€11,303▲
Transfer from tax-exempt reserves789€3,093€3,093=
Profit (loss) for the period to be appropriated9905-€18,489-€8,210▲
Appropriation of the result
Profit (loss) to be appropriated9906-€41,326-€49,536▼
Profit (loss) brought forward from the previous period14P-€22,836-€41,326▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Non-recurring operating income76A€0€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,600€13,884€24,823€20,819€20,535▼ 1.4%
Other operating charges640/8€3,346€1,836€446€3,894€2,823▼ 27.5%
Gross operating margin9900€17,345€13,837€13,815€25,129€30,063▲ 19.6%
Operating profit (loss)9901€399-€1,883-€11,454€416€6,705▲ 1,512%
Financial income75/76B€2,349€3,101€12,144€4,485€3,659▼ 18.4%
Recurring financial income75€2,349€3,101€12,144€4,485€3,659▼ 18.4%
Financial charges65/66B€7,519€9,215€22,778€27,515€22,699▼ 17.5%
Recurring financial charges65€7,519€9,215€22,778€27,515€22,699▼ 17.5%
Profit (loss) for the period before taxes9903-€4,771-€7,997-€22,089-€22,614-€12,335▲ 45.5%
Transfer from deferred taxes780-€1,031€1,031€1,031€1,031=
Income taxes67/77--€352€0--
Profit (loss) for the period9904-€4,771-€6,966-€21,410-€21,583-€11,303▲ 47.6%
Transfer from tax-exempt reserves789€4,124€3,093€3,093€3,093€3,093=
Profit (loss) for the period to be appropriated9905-€647-€3,873-€18,317-€18,489-€8,210▲ 55.6%
Line20222023202420252026Change
Assets
Total assets20/58€492,737€501,929€635,673€619,465€602,780▼ 2.7%
Fixed assets21/28€199,324€186,464€476,246€455,427€434,893▼ 4.5%
Tangible fixed assets22/27€199,324€186,464€476,246€455,427€434,893▼ 4.5%
Land and buildings22€199,324€185,724€475,848€455,370€434,893▼ 4.5%
Furniture and vehicles24-€740€398€57€0▼ 100%
Current assets29/58€293,413€315,466€159,427€164,038€167,888▲ 2.3%
Amounts receivable within one year40/41€352€874€3,627€1,345€558▼ 58.5%
Other amounts receivable41€352€874€3,627€1,345€558▼ 58.5%
Current investments50/53€124,818€135,921€135,921€135,921€135,921=
Cash at bank and in hand54/58€168,093€178,670€19,879€26,771€31,409▲ 17.3%
Deferred charges and accrued income490/1€149€0----
Equity and liabilities
Total equity and liabilities10/49€492,737€501,929€635,673€619,465€602,780▼ 2.7%
Equity10/15€289,003€282,037€260,627€239,044€227,741▼ 4.7%
Contributions10/11€186,000€186,000€186,000€186,000€186,000=
Capital10€186,000€186,000€186,000€186,000€186,000=
Issued capital100€186,000€186,000€186,000€186,000€186,000=
Reserves13€103,650€100,557€97,463€94,370€91,277▼ 3.3%
Non-distributable reserves130/1€5,400€5,400€5,400€5,400€5,400=
Legal reserve130€5,400€5,400€5,400€5,400€5,400=
Tax-exempt reserves132€27,840€24,747€21,653€18,560€15,467▼ 16.7%
Distributable reserves133€70,410€70,410€70,410€70,410€70,410=
Profit (loss) carried forward14-€647-€4,519-€22,836-€41,326-€49,536▼ 19.9%
Provisions and deferred taxes16€9,280€8,249€7,218€6,187€5,156▼ 16.7%
Deferred taxes168€9,280€8,249€7,218€6,187€5,156▼ 16.7%
Amounts payable17/49€194,454€211,643€367,829€374,234€369,884▼ 1.2%
Amounts payable within one year42/48€189,013€205,223€367,829€374,234€369,884▼ 1.2%
Trade debts44€2,414€2,396€0€1,749€2,140▲ 22.4%
Suppliers440/4€2,414€2,396€0€1,749€2,140▲ 22.4%
Taxes, remuneration and social security45€2,245€2,752€0€8,223€6,801▼ 17.3%
Taxes450/3€2,245€2,752€0€8,223€6,801▼ 17.3%
Other amounts payable47/48€184,355€200,074€367,829€364,262€360,943▼ 0.9%
Accrued charges and deferred income492/3€5,440€6,421€0---
Line20222023202420252026Change
Profit (loss) for the period9904-€4,771-€6,966-€21,410-€21,583-€11,303▲ 47.6%
+ Depreciation and write-downs630€13,600€13,884€24,823€20,819€20,535▼ 1.4%
Operating cash flow (approximation)€8,829€6,918€3,413-€764€9,231▲ 1,309%
Investment in fixed assets (approximation)--€1,024-€314,606€0€0-
Change in cash-€10,577-€158,791€6,892€4,638▼ 32.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-01-2028
2026
13-08
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
27-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Weakest financial yearnet -€21,583
Net result drops to -€21,583, the lowest in the series; recovery starts the following year.
27-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
12-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
01-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial Back to profitnet €164,280
Net result €164,280 after 2 loss-making years.
30-06
Financial Liquidity doublescurrent ratio 1.51
Current ratio from 0.74 to 1.51; short-term debt falls from €335,039 to €193,129.
30-06
Financial Equity above €200,000Eq €303,054 ▲118%
Equity rises from €138,774 to €303,054.
29-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 acts for this company are 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, Alken · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
1,873 m²
Building footprint
348 m²
Volume, LiDAR
2,452 m³
Parcel 73001I0038/00R000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Eduard Dompasstraat 43, 3570 Alken
NACE 70201
since 19942.066.474.241
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73001I0038/00R000 Flanders 1,873 m² 1 · 348 m² 10.7 m · 2 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

Legal Entity Identifier

967600IF77ZDFRJQXK46
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded15-11-1993
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.