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ALPHA

Active
Public limited companyfounded 1987active for 39 yearsTervurenlaan 120, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0432.188.844
Summary

ALPHA has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €225,940 and a net result of €652,819. Equity is shrinking by about 40% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 40% of 15,482 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
NACE 46160Wholesale of clothing, excluding workwear and underwear NACE 46423
2 sites
Size
€853,511total assets 2024
Equity
€225,940
Profit
€652,819
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts 76 days overdue0 of 8 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 06-10-2025)1 financial year not filed after the legal deadline; latest accounts 67 days late; 1 of the last 3 latelowers riskFounded in 1987Size: total assets €853,511Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 64% of its sector peers (NACE 46, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 51+51
equity 26.5% of total assets
Liquidity 31+25
short-term debt 73.5% · cash 16.7%
Profitability 100+100
return on assets 76.5%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,873 companies, NACE 46, micro)
Last 24 months 11-2024: 3.6% 12-2024: 3.6%● unchanged vs 11-2024 01-2025: 3.6%● unchanged vs 12-2024 02-2025: 3.6%● unchanged vs 01-2025 03-2025: 3.6%● unchanged vs 02-2025 04-2025: 3.6%● unchanged vs 03-2025 05-2025: 3.6%● unchanged vs 04-2025 06-2025: 3.8%▲ +0.2 percentage points vs 05-2025 07-2025: 4.0%▲ +0.2 percentage points vs 06-2025 08-2025: 4.1%▲ +0.1 percentage points vs 07-2025 09-2025: 4.5%▲ +0.4 percentage points vs 08-2025highest value 10-2025: 4.0%▼ -0.5 percentage points vs 09-2025 11-2025: 0.1%▼ -3.9 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.6%▲ +0.2 percentage points vs 09-2026
Credit of up to €12,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.36, compared with 1.14 in 2023, below the usual 1.5; short-term debt: 73.5% and cash: 16.7% of total assets), and 73.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 37% on solvency, 28% on liquidity, 95% on profitability and 96% on growth.

The bankruptcy probability was computed on 14-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 06-10-2025)
NBB · annual accounts
lowers risk · Founded in 1987
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €853,511
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 67 days late; 1 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
67 days late
2023
27 days late
2022
3 days early
2021
51 days late
2020
145 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 68 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Back to profitnet €652,819
  3. Equity above €200,000equity €225,940

Key points

  • Positive: Back in profit in 2024after -€440,848 in 2023 €652,819 View
  • Positive: Among the best 5% on net resultsector median €4,916 · 15,465 companies €652,819 View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View

By topic

Financials

Financial year
2024
Total assets
€853,511
Profit
€652,819
Solvency
26.5%
Total assets▼ 36.2%
Net result
20182024
Go to Financials

Timeline

Events
39
Since
1989
  1. 27-08-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 28-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Agents in the wholesale of textiles, clothing, fur…NACE 46160
Founded
15-10-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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