Summary
ALPHA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16,901 and a net result of -€2,352. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 5558 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
35 d early
2023
42 d early
2022
56 d early
2021
38 d early
2020
39 d early
2019
23 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 41 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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, abbreviated schema
Equity
€16,901▼ 12.2%
2024 · €19,253
Net result
-€2,352▲ 30.8%
2024 · -€3,398
Total assets
€348,828▲ 0.3%
2024 · €347,697
Solvency
4.8%▼ 0.7pp
2024 · 5.5%
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€22,800€22,800=
Operating result€27,648▼ 0.5%€27,374▼ 1.0%€27,133▼ 0.9%€25,064▼ 7.6%€25,586▲ 2.1%
Net result-€638▼ 38.5%-€974▼ 52.7%-€1,269▼ 30.3%-€3,398▼ 168%-€2,352▲ 30.8%
Equity€24,894▼ 2.5%€23,920▼ 3.9%€22,651▼ 5.3%€19,253▼ 15.0%€16,901▼ 12.2%
Total assets€348,702▲ 0.2%€348,358▼ 0.1%€349,746▲ 0.4%€347,697▼ 0.6%€348,828▲ 0.3%
Debt€165,784▲ 5.3%€173,314▲ 4.5%€182,760▲ 5.5%€190,775▲ 4.4%€200,792▲ 5.3%
Working capital-€163,637▼ 4.9%-€171,511▼ 4.8%-€179,569▼ 4.7%-€189,634▼ 5.6%-€198,520▼ 4.7%
Solvency7.1%▼ 0.2pp6.9%▼ 0.3pp6.5%▼ 0.4pp5.5%▼ 0.9pp4.8%▼ 0.7pp
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348,828
Fixed assets
€346,555 =
Current assets
€2,273 ▲ 99.1%
Equity and liabilities €348,828
Equity
€16,901 ▼ 12.2%
Provisions
€131,134 ▼ 4.7%
Debt
€200,792 ▲ 5.3%
Debt's share of the balance-sheet total rises from 54.9% to 57.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-13.9%▲
2024 · -17.6%
ROA
-0.7%▲
2024 · -1.0%
Debt ≤ 1 year
€200,792▲
2024 · €190,775
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €22,800 | €22,800 | = |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3,954 | €3,287 | ▼ 16.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€6,998 | -€6,900 | -€6,789 | -€6,667 | €0 | ▲ 100% |
| Other operating charges640/8 | €410 | €410 | €446 | €449 | €462 | ▲ 2.8% |
| Gross operating margin9900 | €21,060 | €20,883 | €20,790 | €18,846 | €26,047 | ▲ 38.2% |
| Operating profit (loss)9901 | €27,648 | €27,374 | €27,133 | €25,064 | €25,586 | ▲ 2.1% |
| Financial charges65/66B | €28,286 | €28,348 | €28,402 | €28,461 | €27,938 | ▼ 1.8% |
| Recurring financial charges65 | €28,286 | €28,348 | €28,402 | €28,461 | €27,938 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€638 | -€974 | -€1,269 | -€3,398 | -€2,352 | ▲ 30.8% |
| Profit (loss) for the period9904 | -€638 | -€974 | -€1,269 | -€3,398 | -€2,352 | ▲ 30.8% |
| Profit (loss) for the period to be appropriated9905 | -€638 | -€974 | -€1,269 | -€3,398 | -€2,352 | ▲ 30.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348,702 | €348,358 | €349,746 | €347,697 | €348,828 | ▲ 0.3% |
| Fixed assets21/28 | €346,555 | €346,555 | €346,555 | €346,555 | €346,555 | = |
| Financial fixed assets28 | €346,555 | €346,555 | €346,555 | €346,555 | €346,555 | = |
| Current assets29/58 | €2,147 | €1,803 | €3,191 | €1,142 | €2,273 | ▲ 99.1% |
| Cash at bank and in hand54/58 | €2,147 | €1,803 | €3,191 | €1,142 | €2,273 | ▲ 99.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348,702 | €348,358 | €349,746 | €347,697 | €348,828 | ▲ 0.3% |
| Equity10/15 | €24,894 | €23,920 | €22,651 | €19,253 | €16,901 | ▼ 12.2% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €5,894 | €4,920 | €3,651 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Distributable reserves133 | €3,994 | €3,020 | €1,751 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€1,647 | -€3,999 | ▼ 143% |
| Provisions and deferred taxes16 | €158,025 | €151,125 | €144,336 | €137,668 | €131,134 | ▼ 4.7% |
| Provisions for liabilities and charges160/5 | €158,025 | €151,125 | €144,336 | €137,668 | €131,134 | ▼ 4.7% |
| Environmental obligations163 | €158,025 | €151,125 | €144,336 | €137,668 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | - | €131,134 | - |
| Amounts payable17/49 | €165,784 | €173,314 | €182,760 | €190,775 | €200,792 | ▲ 5.3% |
| Amounts payable within one year42/48 | €165,784 | €173,314 | €182,760 | €190,775 | €200,792 | ▲ 5.3% |
| Trade debts44 | €457 | €560 | €525 | €0 | - | - |
| Suppliers440/4 | €457 | €560 | €525 | €0 | - | - |
| Other amounts payable47/48 | €165,327 | €172,754 | €182,235 | €190,775 | €200,792 | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€638 | -€974 | -€1,269 | -€3,398 | -€2,352 | ▲ 30.8% |
| Operating cash flow (approximation) | -€638 | -€974 | -€1,269 | -€3,398 | -€2,352 | ▲ 30.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€344 | €1,388 | -€2,050 | €1,131 | ▲ 155% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€3,398
Net result drops to -€3,398, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
10-06
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.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bilzen-Hoeselt · 1 establishment unit since 1994
Ground area
3,445 m²
Building footprint
568 m²
Volume, LiDAR
3,080 m³
Parcel 73032G0555/00E003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALPHA BVBA
since 19942.068.174.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032G0555/00E003 | Flanders | 3,445 m² | 1 · 568 m² | 7.6 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 6,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.