ALPHA
ActiveSummary
ALPHA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €579k and a net result of €-15k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
short-term debt: 0.1% and cash: 13.9% of total assets, and 0.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.9%
Return on assets
-2.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-15k
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
41 d early
2022
28 d early
2021
34 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€0▼ 100%
2021 · €70k
2021: €70k
2022: €0▼ -100% vs 2021
2021 → 2022
EBIT margin
-34.6%
Net result
€-15k▲ 40.5%
2023 · €-25k
2018: €-5khighest in 7 years
2019: €-42k▼ -744% vs 2018lowest in 7 years
2020: €-34k▲ +18.3% vs 2019
2021: €-25k▲ +28.4% vs 2020
2022: €-34k▼ -36.3% vs 2021
2023: €-25k▲ +25.5% vs 2022
2024: €-15k▲ +40.5% vs 2023
2018 → 2024
Working capital
€332k▲ 4.5%
2023 · €318k
2018: €324k
2019: €329k▲ +1.3% vs 2018
2020: €337k▲ +2.4% vs 2019highest in 7 years
2021: €323k▼ -4.1% vs 2020
2022: €314k▼ -2.8% vs 2021lowest in 7 years
2023: €318k▲ +1.3% vs 2022
2024: €332k▲ +4.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€70k€0▼ 100%
2021: €70k
2022: €0▼ -100% vs 2021
Equity€677k-€652k▼ 3.6%€618k▼ 5.1%€593k▼ 4.0%€579k▼ 2.5%
2020: €677khighest in 5 years
2021: €652k▼ -3.6% vs 2020
2022: €618k▼ -5.1% vs 2021
2023: €593k▼ -4.0% vs 2022
2024: €579k▼ -2.5% vs 2023lowest in 5 years
Operating result€-34k-€-24k▲ 28.2%€-33k▼ 38.0%€-25k▲ 24.0%€-23k▲ 9.2%
2020: €-34klowest in 5 years
2021: €-24k▲ +28.2% vs 2020
2022: €-33k▼ -38.0% vs 2021
2023: €-25k▲ +24.0% vs 2022
2024: €-23k▲ +9.2% vs 2023highest in 5 years
Net result€-34k-€-25k▲ 28.4%€-34k▼ 36.3%€-25k▲ 25.5%€-15k▲ 40.5%
2020: €-34klowest in 5 years
2021: €-25k▲ +28.4% vs 2020
2022: €-34k▼ -36.3% vs 2021
2023: €-25k▲ +25.5% vs 2022
2024: €-15k▲ +40.5% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €25k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €579k
Fixed assets
€246k ▼ 10.6%
Current assets
€333k ▲ 3.8%
Equity and liabilities €579k
Equity
€579k ▼ 2.5%
Debt
€779 ▼ 71.1%
Debt's share of the balance-sheet total falls from 0.5% to 0.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €4k
Cash flow
€14k▲
2023 · €4k
Debt to equity
0.00▼
2023 · 0.00
ROE
-2.6%▲
2023 · -4.2%
ROA
-2.6%▲
2023 · -4.2%
Interest coverage
45.62▲
2023 · 32.01
Debt ≤ 1 year
€779▼
2023 · €3k
Income taxes
€181▼
2023 · €186
A ratio outside any meaningful range has been withheld (balance sheet total €579k, equity €579k).
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€596k€579k▼
Fixed assets21/28€275k€246k▼
Tangible fixed assets22/27€243k€214k▼
Land and buildings22€177k€156k▼
Furniture and vehicles24€66k€58k▼
Financial fixed assets28€32k€32k=
Current assets29/58€321k€333k▲
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€2k€159▼
Other amounts receivable41€0€2k▲
Current investments50/53€250k€250k=
Cash at bank and in hand54/58€69k€81k▲
Equity and liabilities
Total equity and liabilities10/49€596k€579k▼
Equity10/15€593k€579k▼
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Reserves13€462k€462k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€446k€446k=
Profit (loss) carried forward14€-31k€-46k▼
Amounts payable17/49€3k€779▼
Amounts payable within one year42/48€3k€779▼
Trade debts44€2k€157▼
Suppliers440/4€2k€157▼
Taxes, remuneration and social security45€155€461▲
Taxes450/3€155€461▲
Other amounts payable47/48€162€162=
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€55k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k=
Other operating charges640/8€17k€17k▲
Gross operating margin9900€20k€23k▲
Operating profit (loss)9901€-25k€-23k▲
Financial income75/76B€602€8k▲
Recurring financial income75€602€8k▲
Financial charges65/66B€120€135▲
Recurring financial charges65€120€135▲
Profit (loss) for the period before taxes9903€-25k€-15k▲
Income taxes67/77€186€181▼
Profit (loss) for the period9904€-25k€-15k▲
Profit (loss) for the period to be appropriated9905€-25k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-46k▼
Profit (loss) brought forward from the previous period14P€-6k€-31k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €70k | €0 | - | - | - |
| Non-recurring operating income76A | - | €5k | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €49k | €60k | €55k | €52k | ▼ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €30k | €32k | €29k | €29k | = |
| Other operating charges640/8 | - | €20k | €16k | €17k | €17k | ▲ 0.3% |
| Gross operating margin9900 | €27k | €26k | €14k | €20k | €23k | ▲ 11.7% |
| Operating profit (loss)9901 | €-34k | €-24k | €-33k | €-25k | €-23k | ▲ 9.2% |
| Financial income75/76B | - | €15 | €2 | €602 | €8k | ▲ 1,295% |
| Recurring financial income75 | €6 | €15 | €2 | €602 | €8k | ▲ 1,295% |
| Financial charges65/66B | - | €121 | €121 | €120 | €135 | ▲ 12.5% |
| Recurring financial charges65 | €110 | €121 | €121 | €120 | €135 | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | €-34k | €-24k | €-33k | €-25k | €-15k | ▲ 40.8% |
| Income taxes67/77 | €693 | €410 | €189 | €186 | €181 | ▼ 2.4% |
| Profit (loss) for the period9904 | €-34k | €-25k | €-34k | €-25k | €-15k | ▲ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €-34k | €-25k | €-34k | €-25k | €-15k | ▲ 40.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €680k | €654k | €624k | €596k | €579k | ▼ 2.8% |
| Fixed assets21/28 | €340k | €329k | €304k | €275k | €246k | ▼ 10.6% |
| Tangible fixed assets22/27 | €308k | €297k | €272k | €243k | €214k | ▼ 12.0% |
| Land and buildings22 | - | €216k | €198k | €177k | €156k | ▼ 11.9% |
| Furniture and vehicles24 | - | €80k | €74k | €66k | €58k | ▼ 12.2% |
| Financial fixed assets28 | €32k | €32k | €32k | €32k | €32k | = |
| Current assets29/58 | €340k | €325k | €320k | €321k | €333k | ▲ 3.8% |
| Amounts receivable within one year40/41 | €14 | €6k | €8k | €2k | €2k | ▲ 24.9% |
| Trade receivables40 | - | €5k | €7k | €2k | €159 | ▼ 92.1% |
| Other amounts receivable41 | - | €681 | €770 | €0 | €2k | - |
| Current investments50/53 | - | - | - | €250k | €250k | = |
| Cash at bank and in hand54/58 | €340k | €315k | €312k | €69k | €81k | ▲ 17.2% |
| Deferred charges and accrued income490/1 | - | €4k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €680k | €654k | €624k | €596k | €579k | ▼ 2.8% |
| Equity10/15 | €677k | €652k | €618k | €593k | €579k | ▼ 2.5% |
| Contributions10/11 | €162k | €162k | €162k | €162k | €162k | = |
| Capital10 | - | €162k | €162k | €162k | €162k | = |
| Issued capital100 | - | €162k | €162k | €162k | €162k | = |
| Reserves13 | €462k | €462k | €462k | €462k | €462k | = |
| Non-distributable reserves130/1 | - | €16k | €16k | €16k | €16k | = |
| Legal reserve130 | - | €16k | €16k | €16k | €16k | = |
| Distributable reserves133 | - | €446k | €446k | €446k | €446k | = |
| Profit (loss) carried forward14 | €52k | €27k | €-6k | €-31k | €-46k | ▼ 47.3% |
| Amounts payable17/49 | €3k | €2k | €6k | €3k | €779 | ▼ 71.1% |
| Amounts payable within one year42/48 | €3k | €2k | €6k | €3k | €779 | ▼ 71.1% |
| Trade debts44 | €1k | €659 | €5k | €2k | €157 | ▼ 93.4% |
| Suppliers440/4 | - | €659 | €5k | €2k | €157 | ▼ 93.4% |
| Taxes, remuneration and social security45 | - | €1k | €530 | €155 | €461 | ▲ 196% |
| Taxes450/3 | - | €1k | €530 | €155 | €461 | ▲ 196% |
| Other amounts payable47/48 | - | €162 | €162 | €162 | €162 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-34k | €-25k | €-34k | €-25k | €-15k | ▲ 40.5% |
| + Depreciation and write-downs630 | €46k | €30k | €32k | €29k | €29k | = |
| Operating cash flow (approximation) | €11k | €5k | €-2k | €4k | €14k | ▲ 244% |
| Investment in fixed assets (approximation) | - | €-19k | €-7k | €0 | €0 | - |
| Change in cash | - | €-25k | €-3k | €-243k | €12k | ▲ 105% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 427.47
Current ratio from 119.15 to 427.47; short-term debt falls from €3k to €779.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 119.15
Current ratio from 54.81 to 119.15; short-term debt falls from €6k to €3k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
State Gazette act
General meeting · Capital decrease
Capital increase · Share issue
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2012
23-05
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Juprelle · 1 establishment unit since 1991
Ground area
755 m²
Building footprint
169 m²
Volume, LiDAR
959 m³
Parcel 62035A1271/00C004, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Provinciale 486, 4458 Juprelle
since 19912.050.972.453
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62035A1271/00C004 | Wallonia | 755 m² | 1 · 169 m² | 7.3 m · 2 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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,570 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
73200Market research and public opinion polling
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.