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Alpa Works

Active
Private limited companyfounded 2021active for 5 yearsEisdenweg(L) 47, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0773.786.222
Summary

The computed 12-month bankruptcy probability of Alpa Works is 5.2% (elevated). The 2025 annual accounts show equity of €34,166 and a net result of -€18,796. Equity has been growing by about 54% per year since 2022. Its solvency ranks better than 10% of 1,257 sector peers (NACE 42, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 13-09-2021 Normal situation
Activity
Construction of utility projects for electricity and telecommunications NACE 42220and 5 others
Establishment unit
2.358.688.226 3630 Maasmechelen, since 25-04-2024
Financial year end
30 June
Peppol
Reachable since 19-10-2026

Board and ownership

Board

Financial position

34 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
5.2%
Annual accounts to 30-06-2025
Gross margin
€95,654
▲ 45.6%
Turnover
≈ €290,000
estimated
Loss
€18,796
Equity
€34,166
▼ 35.5%
Total assets
€2.6m
▲ 9.9%
Staff
≈ 1.5 FTE
estimated
Score breakdownraises riskLiquidity: current ratio 0.99, cash €1,051, halved1 change of registered office in 24 monthsFounded in 20212 of the last 3 accounts lateShow the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 5% of small companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Weak
Solvency 26-1
equity 1.3% of total assets
Liquidity 0=
short-term debt 97.9% · cash 0.0%
Profitability 18-53
return on assets -0.7%
Bankruptcy probability within 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (301 companies, NACE 42, small)
Last 24 months 12-2024: 2.5% 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.9%▲ +0.4 percentage points vs 01-2025 03-2025: 3.1%▲ +0.2 percentage points vs 02-2025 04-2025: 4.0%▲ +0.9 percentage points vs 03-2025 05-2025: 2.0%▼ -2.0 percentage points vs 04-2025 06-2025: 2.0%● unchanged vs 05-2025 07-2025: 2.0%● unchanged vs 06-2025 08-2025: 2.0%● unchanged vs 07-2025 09-2025: 2.0%● unchanged vs 08-2025 10-2025: 2.0%● unchanged vs 09-2025lowest value 11-2025: 2.1%▲ +0.1 percentage points vs 10-2025 12-2025: 2.2%▲ +0.1 percentage points vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.4%▲ +0.2 percentage points vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 3.8%▲ +1.4 percentage points vs 05-2026 07-2026: 3.8%● unchanged vs 06-2026 08-2026: 3.7%▼ -0.1 percentage points vs 07-2026 09-2026: 4.3%▲ +0.6 percentage points vs 08-2026 10-2026: 5.2%▲ +0.9 percentage points vs 09-2026highest value 11-2026: 5.2%● unchanged vs 10-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.99 (1.02 in 2024), below 1. Short-term debt is 97.9% and cash 0% of total assets. 98.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, small). It does better than 5% of them on solvency, 2% on liquidity, 7% on profitability and 7% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 0.99, cash €1,051, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2 of the last 3 accounts late
NBB · filings
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1257 sector peers (2025).
NBB · sector comparison
Position among 1257 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
2 days early
2024
67 days late
2023
126 days late
2022
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 48 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 March (3 of the last 4 accounts filed within 35 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end02-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €39,793 in 2024 -€18,796 View
  • Caution: Lower net result than 92% of companies in civil engineeringsector median €12,007 · 1,253 companies -€18,796 View
  • Caution: Board changedlatest change 15-09-2026 · 1 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Resignation: ALPARSLAN Yuksel (director)Appointment: DOBREV Valvo (director)
  2. · Gazette deed Registered office moved within MaasmechelenPermanent representative: Iris Carsau
  3. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as Alpa Works: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €609,000 and €1.7m, founded between 2016 and 2024.

CompanyTotal assetsGross margin
Alpa Works Maasmechelen€2.6m€0.1m
THE ENERGY HUB Lille€1.3m€0.2m
KA GROUP Waasmunster€1.1m€0.08m
AM CONSTRUCT Antwerpen€0.8m€0.3m
MB Tech Lokeren€1.7m€0.3m
Mathys Infra Zele€0.8m€0.2m
I.V. ACTIV Vorst€0.6m€0.2m
Full comparison

Key facts about Alpa Works

What is the company number of Alpa Works?
The company number of Alpa Works is 0773.786.222. The VAT number is the same number with BE in front: BE 0773.786.222.
Where is Alpa Works based?
The registered office is at Eisdenweg(L) 47, 3630 Maasmechelen.Company details
What does Alpa Works do?
According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of Alpa Works?
The legal form of Alpa Works is Private limited company (BV).
When was Alpa Works founded?
Alpa Works was founded on 13-09-2021.
Is Alpa Works still active?
Yes, Alpa Works is an active enterprise in the KBO register.
What is the turnover of Alpa Works?
The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €95,654 and 2,672 comparable companies of the same size. It probably lies between €190,000 and €500,000. It is a rough estimate.Financials
Is Alpa Works profitable?
In financial year 2025, Alpa Works made a loss of €18,796.
Where can I find the annual accounts of Alpa Works?
Alpa Works filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Alpa Works due?
Alpa Works must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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