ALPAS
ActiveSummary
ALPAS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.89M and a net result of €85k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-2
Solvency70▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.34 in 2024; short-term debt: 54.3% and cash: 25.7% of total assets), and 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
45.4%
Return on assets
1.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
2 d early
2021
2 d late
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.89M▲ 3.0%
2024 · €2.81M
2018: €2.19M
2019: €2.09M
2020: €2.21M
2021: €2.31M
2022: €2.47M
2023: €2.65M
2024: €2.81M
2018 → 2025
Total assets
€6.38M▼ 4.0%
2024 · €6.64M
2018: €4.93M
2019: €5.24M
2020: €3.98M
2021: €3.61M
2022: €5.55M
2023: €6.93M
2024: €6.64M
2018 → 2025
Net result
€85k▼ 45.1%
2024 · €154k
2018: €227k
2019: €-100k
2020: €119k
2021: €101k
2022: €151k
2023: €189k
2024: €154k
2018 → 2025
Working capital
€1.42M▲ 9.2%
2024 · €1.30M
2018: €1.96M
2019: €1.85M
2020: €1.92M
2021: €1.99M
2022: €970k
2023: €1.15M
2024: €1.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.31M-€2.47M▲ 6.5%€2.65M▲ 7.7%€2.81M▲ 5.8%€2.89M▲ 3.0%
Operating result€107k-€119k▲ 10.9%€215k▲ 81.1%€198k▼ 7.9%€159k▼ 19.9%
Net result€101k-€151k▲ 49.4%€189k▲ 25.1%€154k▼ 18.3%€85k▼ 45.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.38M
Fixed assets
€1.50M ▼ 2.5%
Current assets
€4.88M ▼ 4.4%
Equity and liabilities €6.38M
Equity
€2.89M ▲ 3.0%
Debt
€3.49M ▼ 9.1%
Debt's share of the balance-sheet total falls from 57.7% to 54.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€220k▼
2024 · €261k
Cash flow
€146k▼
2024 · €218k
Current ratio
1.41▲
2024 · 1.34
Debt to equity
1.20▼
2024 · 1.37
ROE
2.9%▼
2024 · 5.5%
ROA
1.3%▼
2024 · 2.3%
Interest coverage
8.96▼
2024 · 9.91
Debt ≤ 1 year
€3.46M▼
2024 · €3.81M
Debt > 1 year
€24k▼
2024 · €28k
Income taxes
€87k▲
2024 · €63k
Staff costs
€1.57M▲
2024 · €1.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.64M€6.38M▼
Fixed assets21/28€1.54M€1.50M▼
Intangible fixed assets21€42k€36k▼
Tangible fixed assets22/27€105k€72k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€88k€67k▼
Leasing and similar rights25€11k€2k▼
Financial fixed assets28€1.39M€1.39M=
Current assets29/58€5.10M€4.88M▼
Amounts receivable within one year40/41€3.39M€3.22M▼
Trade receivables40€3.34M€3.15M▼
Other amounts receivable41€53k€68k▲
Current investments50/53€220k€20k▼
Cash at bank and in hand54/58€1.49M€1.64M▲
Equity and liabilities
Total equity and liabilities10/49€6.64M€6.38M▼
Equity10/15€2.81M€2.89M▲
Contributions10/11€556k€556k=
Capital10€556k€556k=
Issued capital100€556k€556k=
Reserves13€551k€551k=
Non-distributable reserves130/1€56k€56k=
Legal reserve130€56k€56k=
Distributable reserves133€495k€495k=
Profit (loss) carried forward14€1.70M€1.79M▲
Amounts payable17/49€3.83M€3.49M▼
Amounts payable after more than one year17€28k€24k▼
Financial debts170/4€28k€24k▼
Amounts payable within one year42/48€3.81M€3.46M▼
Current portion of amounts payable after more than one year42€96k€101k▲
Trade debts44€3.60M€3.25M▼
Suppliers440/4€3.60M€3.25M▼
Taxes, remuneration and social security45€93k€97k▲
Taxes450/3€7k€0▼
Remuneration and social security454/9€87k€97k▲
Other amounts payable47/48€14k€14k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€291k€0▼
Remuneration, social security and pensions62€1.36M€1.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€61k▼
Other operating charges640/8€143k€26k▼
Non-recurring operating charges66A€12k€20k▲
Gross operating margin9900€1.78M€1.83M▲
Operating profit (loss)9901€198k€159k▼
Financial income75/76B€46k€38k▼
Recurring financial income75€46k€38k▼
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Profit (loss) for the period before taxes9903€217k€172k▼
Income taxes67/77€63k€87k▲
Profit (loss) for the period9904€154k€85k▼
Profit (loss) for the period to be appropriated9905€154k€85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.70M€1.79M▲
Profit (loss) brought forward from the previous period14P€1.55M€1.70M▲
Social balance
Average headcount (FTE)908723.726.1▲
The notes to these accounts (22 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-100k ▼144%
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Dendermonde · 1 establishment unit since 2000
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.
Steenkaaistraat (BAA) 199200 DendermondeGround area
1.8 ha
Building footprint
3,874 m²
Volume, LiDAR
20,089 m³
Parcel 42002C0447/00G000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenkaaistraat (BAA) 19, 9200 Dendermonde
since 20002.036.261.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002C0447/00G000 | Flanders | 1.8 ha | 1 · 3,874 m² | 11.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,018 EUR awarded · 2,791 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,044 EUR | 1,817 EUR |
| 2024 | 1 | 327 EUR | 327 EUR |
| 2022 | 1 | 647 EUR | 647 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesALPAS NV19105
Similar companies · same sector, comparable size
G3S-BOUW
BE 0762.658.243
Tessenderlo-Ham · Eq €2,893,463
GILLEMAN
BE 0426.634.011
Oudenaarde · Eq €2,890,936
BOUWINVEST
BE 0445.822.094
Merchtem · Eq €2,887,388
BETOWEST
BE 0457.526.234
Heuvelland · Eq €2,903,102
METTET MATERIAUX
BE 0864.810.428
Mettet · Eq €2,916,195
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 3,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-09-1986
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
43342Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.