ALPAKA
ActiveALPAKA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €316k and a net result of €18k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 90% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-1
Solvency100=
Growth38=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.8 against 4.13 in 2024), and 9.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
90.1%
Return on assets
5%
Age of the figures
8 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
on the day
2022
13 d early
2021
13 d early
2020
12 d early
2019
36 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€64k▲ 18.8%
2024 · €54k
2018: €158k
2019: €43k
2020: €120k
2021: €192k
2022: €139k
2023: €52k
2024: €54k
2018 → 2025
EBIT margin
30.4%▲ 1.2pp
2024 · 29.2%
2018: -0.6%
2019: -7.4%
2020: 4.6%
2021: 8.7%
2022: 9.6%
2023: -5.1%
2024: 29.2%
2018 → 2025
Net result
€18k▼ 5.8%
2024 · €19k
2018: €-4k
2019: €-7k
2020: €2k
2021: €13k
2022: €10k
2023: €-4k
2024: €19k
2018 → 2025
Working capital
€156k▼ 0.1%
2024 · €157k
2018: €127k
2019: €130k
2020: €139k
2021: €161k
2022: €154k
2023: €165k
2024: €157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€192k-€139k▼ 27.2%€52k▼ 62.9%€54k▲ 3.5%€64k▲ 18.8%
Equity€331k-€341k▲ 3.0%€337k▼ 1.2%€316k▼ 6.0%€316k=
Operating result€17k-€13k▼ 19.3%€-3k€16k€19k▲ 23.5%
Net result€13k-€10k▼ 22.2%€-4k€19k€18k▼ 5.8%
Turnover and EBIT margin not published: the abbreviated or 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 23% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €351k
Fixed assets
€162k▲ 1.3%
Current assets
€189k▼ 8.5%
Equity and liabilities €351k
Equity
€316k=
Provisions
€456=
Debt
€34k▼ 31.4%
The debt ratio falls from 13.6% to 9.8%: debt is paid down.
Key figures and ratios
EBITDA
€33k▲
2024 · €29k
Cash flow
€32k▲
2024 · €32k
Solvency
90.1%▲
2024 · 86.2%
Current ratio
5.80▲
2024 · 4.13
Quick ratio
5.80▲
2024 · 4.13
Debt / equity
0.11▼
2024 · 0.16
ROE
5.6%▼
2024 · 5.9%
ROA
5.0%▼
2024 · 5.1%
Interest coverage
68.42▼
2024 · 85.81
Debt
€34k▼
2024 · €50k
Debt ≤ 1 year
€33k▼
2024 · €50k
Debt > 1 year
€1k
Income taxes
€6k▲
2024 · €258
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€367k€351k▼
Fixed assets21/28€160k€162k▲
Tangible fixed assets22/27€116k€118k▲
Land and buildings22€102k€96k▼
Plant, machinery and equipment23€540€15k▲
Furniture and vehicles24€13k€7k▼
Financial fixed assets28€44k€44k=
Current assets29/58€207k€189k▼
Amounts receivable within one year40/41€71-
Other amounts receivable41€71-
Cash at bank and in hand54/58€206k€189k▼
Deferred charges and accrued income490/1€290€63▼
Equity and liabilities
Total equity and liabilities10/49€367k€351k▼
Equity10/15€316k€316k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€254k€254k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Distributable reserves133€250k€250k=
Profit (loss) carried forward14€547€626▲
Provisions and deferred taxes16€456€456=
Provisions for liabilities and charges160/5€456€456=
Major repairs and maintenance162€456€456=
Amounts payable17/49€50k€34k▼
Amounts payable after more than one year17-€1k
Other amounts payable178/9-€1k
Amounts payable within one year42/48€50k€33k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Advances received on contracts in progress46€10k€10k▲
Taxes, remuneration and social security45€152€4k▲
Taxes450/3€152€4k▲
Other amounts payable47/48€39k€18k▼
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Turnover70€54k€64k▲
Goods, raw materials, services and sundry goods60/61€13k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€12k€15k▲
Gross operating margin9900€41k€48k▲
Operating profit (loss)9901€16k€19k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€334€489▲
Recurring financial charges65€334€489▲
Profit (loss) for the period before taxes9903€19k€23k▲
Income taxes67/77€258€6k▲
Profit (loss) for the period9904€19k€18k▼
Profit (loss) for the period to be appropriated9905€19k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€18k▼
Profit (loss) brought forward from the previous period14P€21k€547▼
Profit to be distributed694/7€39k€18k▼
Return on contributions (dividend)694€39k€18k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 10current ratio 16.05
Current ratio from 1.56 to 16.05; short-term debt falls from €273k to €11k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Baljuwlaan 58310 BruggeGround area
681 m²
Building footprint
159 m²
Volume, LiDAR
705 m³
Parcel 31029B0319/00W000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Baljuwlaan 5, 8310 Brugge
since 19892.046.180.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029B0319/00W000 | Flanders | 681 m² | 1 · 159 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GILLES INVEST
BE 0656.902.311
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CLAESSENS MAKELAARS
BE 0807.961.894
Hoogstraten · Eq €316k
N&A IMMO
BE 0844.057.574
Donceel · Eq €317k
IMMO VASTGOED TURNHOUT
BE 0447.385.081
Turnhout · Eq €317k
REALIM REALTY
BE 0827.726.437
Chaudfontaine · Eq €317k
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 4,917 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-12-1989
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.