ALPHA
ActiveSummary
ALPHA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €263,062. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 4188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+1
Solvency80▲+12
Growth33=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.62 in 2024; short-term debt: 43.6% and cash: 3.1% of total assets), and 44.8% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
55.2%
Return on assets
13%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.1m
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
15 d early
2023
30 d early
2022
31 d early
2021
4 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€7.6m▼ 10.5%
2021 · €8.5m
EBIT margin
4.4%▼ 4.6pp
2021 · 9.0%
Net result
€263,062▲ 10.9%
2024 · €237,270
Working capital
€891,424▲ 33.3%
2024 · €668,548
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
Line20212022202320242025
Turnover€8.5m▼ 6.4%€7.6m▼ 10.5%
Operating result€766,802▼ 2.9%€335,667▼ 56.2%€187,119▼ 44.3%€299,400▲ 60.0%€308,626▲ 3.1%
Net result€566,197▼ 4.7%€244,435▼ 56.8%€147,467▼ 39.7%€237,270▲ 60.9%€263,062▲ 10.9%
EBIT margin9.0%▲ 0.3pp4.4%▼ 4.6pp
Equity€1.3m▲ 75.0%€465,571▼ 64.8%€613,038▲ 31.7%€850,308▲ 38.7%€1.1m▲ 30.9%
Total assets€2.3m▲ 13.4%€2.3m▲ 1.3%€2.1m▼ 9.3%€2.0m▼ 5.0%€2.0m▲ 2.8%
Debt€930,664▼ 24.4%€1.8m▲ 95.0%€1.5m▼ 19.9%€1.1m▼ 23.5%€904,022▼ 18.7%
Working capital€1.0m▲ 90.3%€200,047▼ 80.3%€426,760▲ 113%€668,548▲ 56.7%€891,424▲ 33.3%
Staff (FTE)19.3▲ 5.5%19.9▲ 3.1%18.4▼ 7.5%16.9▼ 8.2%17.6▲ 4.1%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€247,072 ▲ 18.6%
Current assets
€1.8m ▲ 0.9%
Equity and liabilities €2.0m
Equity
€1.1m ▲ 30.9%
Debt
€904,022 ▼ 18.7%
Debt's share of the balance-sheet total falls from 56.7% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€360,644▼
2024 · €376,991
Cash flow
€315,079▲
2024 · €314,862
Current ratio
2.01▲
2024 · 1.62
Quick ratio
0.12▲
2024 · 0.12
Debt to equity
0.81▼
2024 · 1.31
ROE
23.6%▼
2024 · 27.9%
ROA
13.0%▲
2024 · 12.1%
Interest coverage
15.80▲
2024 · 8.54
Debt ≤ 1 year
€878,895▼
2024 · €1.1m
Income taxes
€86,914▲
2024 · €82,803
Staff costs
€843,055▼
2024 · €853,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.5m | €7.6m | - | - | - | - |
| Turnover70 | €8.5m | €7.6m | - | - | - | - |
| Other operating income74 | €12,053 | €7,049 | - | - | - | - |
| Operating charges60/66A | €7.7m | €7.3m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €5.4m | €4.9m | - | - | - | - |
| Purchases600/8 | €5.8m | €4.9m | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€376,663 | -€35,052 | - | - | - | - |
| Services and other goods61 | €1.4m | €1.4m | - | - | - | - |
| Remuneration, social security and pensions62 | €813,708 | €893,704 | €828,594 | €853,687 | €843,055 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92,107 | €87,568 | €93,766 | €77,592 | €52,018 | ▼ 33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,085 | €19,194 | €9,177 | €3,067 | -€3,892 | ▼ 227% |
| Other operating charges640/8 | €28,331 | €19,235 | €37,155 | €36,681 | €27,563 | ▼ 24.9% |
| Gross operating margin9900 | - | - | €1.2m | €1.3m | €1.2m | ▼ 3.4% |
| Operating profit (loss)9901 | €766,802 | €335,667 | €187,119 | €299,400 | €308,626 | ▲ 3.1% |
| Financial income75/76B | €5,059 | €11,620 | €65,771 | €64,800 | €64,225 | ▼ 0.9% |
| Recurring financial income75 | €5,059 | €11,620 | €65,771 | €64,800 | €64,225 | ▼ 0.9% |
| Income from financial fixed assets750 | €1,677 | €572 | - | - | - | - |
| Other financial income752/9 | €3,382 | €11,047 | - | - | - | - |
| Financial charges65/66B | €15,578 | €18,627 | €51,236 | €44,127 | €22,875 | ▼ 48.2% |
| Recurring financial charges65 | €15,578 | €18,627 | €51,236 | €44,127 | €22,825 | ▼ 48.3% |
| Debt charges650 | €2,512 | €1,929 | - | - | - | - |
| Other financial charges652/9 | €13,066 | €16,698 | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | €50 | - |
| Profit (loss) for the period before taxes9903 | €756,283 | €328,659 | €201,654 | €320,073 | €349,975 | ▲ 9.3% |
| Income taxes67/77 | €190,086 | €84,224 | €54,187 | €82,803 | €86,914 | ▲ 5.0% |
| Taxes670/3 | €190,086 | €84,224 | - | - | - | - |
| Profit (loss) for the period9904 | €566,197 | €244,435 | €147,467 | €237,270 | €263,062 | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €566,197 | €244,435 | €147,467 | €237,270 | €263,062 | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.3m | €2.1m | €2.0m | €2.0m | ▲ 2.8% |
| Fixed assets21/28 | €341,074 | €295,984 | €217,198 | €208,266 | €247,072 | ▲ 18.6% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €338,615 | €293,575 | €214,789 | €205,857 | €244,664 | ▲ 18.9% |
| Plant, machinery and equipment23 | €88,670 | €85,395 | €52,544 | €25,269 | €31,717 | ▲ 25.5% |
| Furniture and vehicles24 | €27,302 | €47,882 | €24,406 | €12,642 | €21,760 | ▲ 72.1% |
| Leasing and similar rights25 | €51,377 | €5,856 | - | - | - | - |
| Other tangible fixed assets26 | €171,266 | €154,442 | €137,840 | €167,947 | €191,188 | ▲ 13.8% |
| Financial fixed assets28 | €2,458 | €2,408 | €2,408 | €2,408 | €2,408 | = |
| Affiliated companies280/1 | €2,299 | €2,299 | - | - | - | - |
| Participating interests280 | €2,299 | €2,299 | - | - | - | - |
| Other financial fixed assets284/8 | €159 | €109 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €159 | €109 | - | - | - | - |
| Current assets29/58 | €1.9m | €2.0m | €1.8m | €1.8m | €1.8m | ▲ 0.9% |
| Stocks and contracts in progress3 | €1.8m | €1.8m | €1.7m | €1.6m | €1.7m | ▲ 2.4% |
| Stocks30/36 | €1.8m | €1.8m | €1.7m | €1.6m | €1.7m | ▲ 2.4% |
| Goods purchased for resale34 | €1.8m | €1.8m | - | - | - | - |
| Amounts receivable within one year40/41 | €18,466 | €74,414 | €46,403 | €28,513 | €19,232 | ▼ 32.5% |
| Trade receivables40 | €18,466 | €15,330 | €25,411 | €28,513 | €19,232 | ▼ 32.5% |
| Other amounts receivable41 | - | €59,085 | €20,992 | - | - | - |
| Cash at bank and in hand54/58 | €74,331 | €78,179 | €84,374 | €89,198 | €63,349 | ▼ 29.0% |
| Deferred charges and accrued income490/1 | €19,696 | €17,353 | €8,134 | €12,525 | €23,996 | ▲ 91.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.1m | €2.0m | €2.0m | ▲ 2.8% |
| Equity10/15 | €1.3m | €465,571 | €613,038 | €850,308 | €1.1m | ▲ 30.9% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Capital10 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Issued capital100 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Non-distributable reserves130/1 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Legal reserve130 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Profit (loss) carried forward14 | €1.2m | €329,230 | €476,697 | €713,967 | €977,028 | ▲ 36.8% |
| Amounts payable17/49 | €930,664 | €1.8m | €1.5m | €1.1m | €904,022 | ▼ 18.7% |
| Amounts payable after more than one year17 | €1,078 | €0 | - | - | - | - |
| Financial debts170/4 | €1,078 | €0 | - | - | - | - |
| Leasing and similar obligations172 | €1,078 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €892,744 | €1.8m | €1.4m | €1.1m | €878,895 | ▼ 19.1% |
| Current portion of amounts payable after more than one year42 | €21,484 | €1,078 | - | - | - | - |
| Trade debts44 | €496,186 | €373,224 | €487,814 | €404,323 | €434,478 | ▲ 7.5% |
| Suppliers440/4 | €496,186 | €373,224 | €487,814 | €404,323 | €434,478 | ▲ 7.5% |
| Advances received on contracts in progress46 | €13,388 | €11,104 | €16,460 | €22,167 | €37,186 | ▲ 67.8% |
| Taxes, remuneration and social security45 | €236,248 | €197,434 | €135,208 | €142,053 | €170,996 | ▲ 20.4% |
| Taxes450/3 | €45,839 | €40,827 | €11,810 | €9,509 | €30,048 | ▲ 216% |
| Remuneration and social security454/9 | €190,409 | €156,607 | €123,398 | €132,544 | €140,948 | ▲ 6.3% |
| Other amounts payable47/48 | €125,439 | €1.2m | €783,468 | €517,453 | €236,235 | ▼ 54.3% |
| Accrued charges and deferred income492/3 | €36,842 | €30,459 | €30,919 | €26,506 | €25,127 | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €566,197 | €244,435 | €147,467 | €237,270 | €263,062 | ▲ 10.9% |
| + Depreciation and write-downs630 | €92,107 | €87,568 | €93,766 | €77,592 | €52,018 | ▼ 33.0% |
| Operating cash flow (approximation) | €658,304 | €332,003 | €241,233 | €314,862 | €315,079 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | -€42,478 | -€14,980 | -€68,660 | -€90,824 | ▼ 32.3% |
| Change in cash | - | €3,848 | €6,195 | €4,823 | -€25,849 | ▼ 636% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1mEq €1.1m ▲30.9%
8 profitable years in a row build equity to €1.1m.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €147,467 ▼39.7%
Net result drops to €147,467, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €613,038 ▲31.7%
6 profitable years in a row build equity to €613,038.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
31-12
Financial
Equity above €1mEq €1.3m ▲75%
4 profitable years in a row build equity to €1.3m.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €594,274 ▲51.8%
Operating result €789,631, net result €594,274, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €2mEq €2.2m ▲22.1%
2 profitable years in a row build equity to €2.2m.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 3 establishment units since 1993
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.
Ekerse Steenweg 62180 AntwerpenGround area
2.9 ha
Building footprint
7,673 m²
Volume, LiDAR
57,437 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
HUBO
since 19932.061.253.859
HUBO
since 20002.061.253.958
HUBO
since 20262.391.471.454
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0271/00Z006 | Flanders | 2.7 ha | 1 · 5,718 m² | 10.8 m · 2 fl. |
| 24001A0251/00G000 | Flanders | 1,959 m² | 1 · 1,955 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 2023 · 2 entries · 7,250 EUR awarded · 7,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,500 EUR | 4,250 EUR |
| 2022 | 1 | 3,750 EUR | 3,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
3 sitesAntwerpen2.061.253.859
Aarschot2.061.253.958
Antwerpen2.391.471.454
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 928 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
Founded05-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.