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ALPAGES

Active
Private limited companyfounded 20187 yrs activeRue du Monument 29A, 1340 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0714.904.648
Summary

The computed 12-month bankruptcy probability of ALPAGES is 2.6% (moderate). The 2024 annual accounts show equity of €21,852 and a net result of €3,910. Equity remains stable across the filed fiscal years (±1.9% per year). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability38▲+1
Solvency25=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 1.0 against 0.99 in 2023; short-term debt: 99.6% and cash: 0.2% of total assets), and 99.6% 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year €21,852
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
40 d early
2021
41 d early
2020
40 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 39 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 (1)
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

ALPAGES was incorporated on 29 November 2018.1 Total assets rose from EUR 2.1 million in 2019 to EUR 4.9 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€21,852▲ 21.8%
2023 · €17,943
Total assets
€4.9m▲ 5.3%
2023 · €4.7m
Net result
€3,910
2023 · -€383
Working capital
-€23,248▲ 14.4%
2023 · -€27,157
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
Line20202021202220232024
Operating result€72,288▲ 186%€7,521▼ 89.6%€281,541▲ 3,643%€112,389▼ 60.1%€165,541▲ 47.3%
Net result€42,541▲ 614%-€6,586€180,213-€383€3,910
Equity€54,699▲ 350%€48,113▼ 12.0%€18,326▼ 61.9%€17,943▼ 2.1%€21,852▲ 21.8%
Total assets€2.3m▲ 11.5%€3.7m▲ 58.3%€2.8m▼ 25.0%€4.7m▲ 68.2%€4.9m▲ 5.3%
Debt€2.3m▲ 9.5%€3.7m▲ 59.9%€2.8m▼ 24.5%€4.7m▲ 68.7%€4.9m▲ 5.2%
Working capital€51,799▲ 459%€45,213▼ 12.7%-€15,974-€27,157▼ 70.0%-€23,248▲ 14.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2020: €72,288€72,288Net result 2020: €42,541€42,541Operating result 2021: €7,521€7,521Net result 2021: -€6,586-€6,586Operating result 2022: €281,541€281,541Net result 2022: €180,213€180,213Operating result 2023: €112,389€112,389Net result 2023: -€383-€383Operating result 2024: €165,541€165,541Net result 2024: €3,910€3,91020202021202220232024-€100,000€0€100,000€200,000€300,000Operating result 2022: €281,541€282,000Net result 2022: €180,213€180,000Operating result 2023: €112,389€112,000Net result 2023: -€383-€383Operating result 2024: €165,541€166,000Net result 2024: €3,910€3,910202220232024
The operating result recovers in 2024; 2024 is 47% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.9m
Fixed assets €45,100 =
Current assets €4.9m ▲ 5.3%
Equity and liabilities €4.9m
Equity €21,852 ▲ 21.8%
Debt €4.9m ▲ 5.2%
Debt's share of the balance-sheet total falls from 99.6% to 99.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.00▲
2023 · 0.99
Quick ratio
0.39▲
2023 · 0.32
ROE
17.9%▲
2023 · -2.1%
ROA
0.1%▲
2023 · 0.0%
Debt ≤ 1 year
€4.9m▲
2023 · €4.7m
Income taxes
€1,298
A ratio outside any meaningful range has been withheld (balance sheet total €4.9m, equity €21,852).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.8% stopped otherwise
96% still going

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

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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%.

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 1,603 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€4.7m€4.9m▲
Fixed assets21/28€45,100€45,100=
Financial fixed assets28€45,100€45,100=
Current assets29/58€4.6m€4.9m▲
Stocks and contracts in progress3€3.2m€3.0m▼
Stocks30/36€3.2m€3.0m▼
Amounts receivable within one year40/41€1.5m€1.9m▲
Trade receivables40€103,645€110,304▲
Other amounts receivable41€1.4m€1.8m▲
Cash at bank and in hand54/58€4,276€9,296▲
Deferred charges and accrued income490/1-€554
Equity and liabilities
Total equity and liabilities10/49€4.7m€4.9m▲
Equity10/15€17,943€21,852▲
Contributions10/11€8,060€8,060=
Outside capital11€8,060-
Share premium1100/10€8,060-
Reserves13€8,000€13,000▲
Distributable reserves133€8,000€13,000▲
Profit (loss) carried forward14€1,883€792▼
Amounts payable17/49€4.7m€4.9m▲
Amounts payable within one year42/48€4.7m€4.9m▲
Current portion of amounts payable after more than one year42€1.8m€2.1m▲
Trade debts44€52,609€8,316▼
Suppliers440/4€52,609€8,316▼
Taxes, remuneration and social security45-€1,110
Taxes450/3-€1,110
Other amounts payable47/48€2.8m€2.8m▼
Income statement Code20232024
Other operating charges640/8€6,956€6,007▼
Gross operating margin9900€119,345€171,548▲
Operating profit (loss)9901€112,389€165,541▲
Financial income75/76B€19,117€75,930▲
Recurring financial income75€19,117€75,930▲
Financial charges65/66B€131,890€236,264▲
Recurring financial charges65€131,890€236,264▲
Profit (loss) for the period before taxes9903-€383€5,208▲
Income taxes67/77-€1,298
Profit (loss) for the period9904-€383€3,910▲
Profit (loss) for the period to be appropriated9905-€383€3,910▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,883€5,792▲
Profit (loss) brought forward from the previous period14P€2,266€1,883▼
Transfer to equity691/2-€5,000
To other reserves6921-€5,000

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€5,740€5,556€6,956€6,007▼ 13.6%
Gross operating margin9900€76,048€13,261€287,096€119,345€171,548▲ 43.7%
Operating profit (loss)9901€72,288€7,521€281,541€112,389€165,541▲ 47.3%
Financial income75/76B-€19,929€4,574€19,117€75,930▲ 297%
Recurring financial income75€7,975€19,929€4,574€19,117€75,930▲ 297%
Financial charges65/66B-€34,036€46,391€131,890€236,264▲ 79.1%
Recurring financial charges65€23,546€34,036€46,391€131,890€236,264▲ 79.1%
Profit (loss) for the period before taxes9903€56,717-€6,586€239,724-€383€5,208▲ 1,458%
Income taxes67/77€14,176€0€59,511-€1,298-
Profit (loss) for the period9904€42,541-€6,586€180,213-€383€3,910▲ 1,120%
Profit (loss) for the period to be appropriated9905€42,541-€6,586€180,213-€383€3,910▲ 1,120%
Line20202021202220232024Change
Assets
Total assets20/58€2.3m€3.7m€2.8m€4.7m€4.9m▲ 5.3%
Fixed assets21/28€2,900€2,900€34,300€45,100€45,100=
Financial fixed assets28€2,900€2,900€34,300€45,100€45,100=
Current assets29/58€2.3m€3.7m€2.8m€4.6m€4.9m▲ 5.3%
Stocks and contracts in progress3€1.6m€2.6m€2.6m€3.2m€3.0m▼ 6.1%
Stocks30/36-€2.6m€2.6m€3.2m€3.0m▼ 6.1%
Amounts receivable within one year40/41€742,850€1.1m€601€1.5m€1.9m▲ 29.3%
Trade receivables40---€103,645€110,304▲ 6.4%
Other amounts receivable41-€1.1m€601€1.4m€1.8m▲ 31.0%
Cash at bank and in hand54/58€684€3,607€200,541€4,276€9,296▲ 117%
Deferred charges and accrued income490/1--€556-€554-
Equity and liabilities
Total equity and liabilities10/49€2.3m€3.7m€2.8m€4.7m€4.9m▲ 5.3%
Equity10/15€54,699€48,113€18,326€17,943€21,852▲ 21.8%
Contributions10/11€6,200€6,200€6,200€8,060€8,060=
Capital10-€6,200€6,200---
Issued capital100-€18,600€18,600---
Uncalled capital101-€12,400€12,400---
Outside capital11---€8,060--
Share premium1100/10---€8,060--
Reserves13€47,860€41,860€9,860€8,000€13,000▲ 62.5%
Non-distributable reserves130/1-€1,860€1,860---
Legal reserve130-€1,860€1,860---
Distributable reserves133-€40,000€8,000€8,000€13,000▲ 62.5%
Profit (loss) carried forward14€639€53€2,266€1,883€792▼ 57.9%
Amounts payable17/49€2.3m€3.7m€2.8m€4.7m€4.9m▲ 5.2%
Amounts payable within one year42/48€2.3m€3.7m€2.8m€4.7m€4.9m▲ 5.2%
Current portion of amounts payable after more than one year42-€1.6m€1.8m€1.8m€2.1m▲ 15.8%
Trade debts44€15,638€20,619€26,884€52,609€8,316▼ 84.2%
Suppliers440/4-€20,619€26,884€52,609€8,316▼ 84.2%
Taxes, remuneration and social security45----€1,110-
Taxes450/3----€1,110-
Other amounts payable47/48-€2.1m€908,064€2.8m€2.8m▼ 0.1%
Line20202021202220232024Change
Profit (loss) for the period9904€42,541-€6,586€180,213-€383€3,910▲ 1,120%
Operating cash flow (approximation)€42,541-€6,586€180,213-€383€3,910▲ 1,120%
Investment in fixed assets (approximation)-€0-€31,400-€10,800€0▲ 100%
Change in cash-€2,923€196,934-€196,265€5,020▲ 103%

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

2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €3,910
Net result €3,910 after one loss-making year.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €180,213
Net result €180,213 after one loss-making year.
20-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€6,586
Net result drops to -€6,586, the lowest in the series; recovery starts the following year.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
614 m²
Building footprint
169 m²
Volume, LiDAR
1,930 m³
Parcel 25083D0071/00E005, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
ALPAGES
Rue du Monument 29A, 1340 Ottignies-Louvain-la-NeuveReal estate activities
since 20182.282.343.781
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25083D0071/00E005 Wallonia 614 m² 1 · 169 m² 14.6 m · 4 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.

Structure & network

Owners and holdings

3 owners

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded29-11-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0714904648
Also 9925:BE0714904648
Registered 20-11-2025

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.