Losses
Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.
The 2017 accounts came 24 days late. The other nine of the last ten were filed on time.
Less equity than 91% of companies in financial services. Sector median €580,572 · 6,709 companies.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALPHA Bilzen-Hoeselt | €348,828 | €26,047 | 4.8% | 0 |
| BAKKERIJ LUC BRABANDERS Hasselt | €432,399 | €19,094 | 75.8% | 0.1 |
| STEVENS HOLDING - EURO CAP Leuven | €280,972 | €31,028 | 93.8% | 0 |
| NEW PRIVATE INVESTMENT COMPANY Ypres | €412,504 | €37,889 | 89.9% | 0 |
| VOSSEKOT Tielt | €216,821 | €22,555 | 84.0% | 0 |
| OPTICAL VISION Zonhoven | €457,396 | €39,661 | 72.8% | 0.7 |
| IMMO J.G. DE DAKDEKKER Blankenberge | €194,037 | €37,340 | 54.8% | 0 |
These companies have the same main activity as ALPHA: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €194,000 and €457,000, founded between 1987 and 1999.
ALPHA files the abbreviated format. That format states no turnover. The gross margin rose from €21,381 in 2006 to €26,047 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 9% of 6,708 companies in 2025.
Higher than 15% of 6,673 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
348,828 | 347,697 | 349,746 | 348,358 | 348,702 | 347,949 | 348,151 | 348,843 | 348,250 | 346,560 | 346,555 | 346,590 | 346,606 | 346,555 | 346,575 | 346,601 | 346,612 | 346,659 | 346,905 | 346,716 | |
21/28 |
346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | |
28 |
346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | 346,555 | |
29/58 |
2,273 | 1,142 | 3,191 | 1,803 | 2,147 | 1,394 | 1,596 | 2,288 | 1,694 | 5 | - | 35 | 50 | - | 20 | 46 | 57 | 104 | 350 | 160 | |
54/58 |
2,273 | 1,142 | 3,191 | 1,803 | 2,147 | 1,394 | 1,596 | 2,288 | 1,694 | 5 | - | 35 | 50 | - | 20 | 46 | 57 | 104 | 350 | 160 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
348,828 | 347,697 | 349,746 | 348,358 | 348,702 | 347,949 | 348,151 | 348,843 | 348,250 | 346,560 | 346,555 | 346,590 | 346,606 | 346,555 | 346,575 | 346,601 | 346,612 | 346,659 | 346,905 | 346,716 | |
10/15 |
16,901 | 19,253 | 22,651 | 23,920 | 24,894 | 25,531 | 25,992 | 26,217 | 26,562 | 19,886 | 20,234 | 20,093 | 20,097 | 20,013 | 19,909 | 14,033 | 13,925 | 13,804 | 13,788 | 13,736 | |
10/11 |
19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | |
100 |
- | - | - | - | - | - | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
101 |
- | - | - | - | - | - | - | - | - | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
1,900 | 1,900 | 3,651 | 4,920 | 5,894 | 6,531 | 6,992 | 7,217 | 7,562 | 7,486 | 7,834 | 7,693 | 7,697 | 7,613 | 7,605 | 7,605 | 7,605 | 7,605 | 7,605 | 7,605 | |
130/1 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
- | 0 | 1,751 | 3,020 | 3,994 | 4,631 | 5,092 | 5,317 | 5,662 | 5,586 | 5,934 | 5,793 | 5,797 | 5,713 | 5,745 | 5,745 | 5,745 | 5,745 | 5,745 | 5,745 | |
14 |
-3,999 | -1,647 | - | - | - | - | - | - | - | - | - | - | - | - | -95 | -177 | -285 | -406 | -422 | -474 | |
16 |
131,134 | 137,668 | 144,336 | 151,125 | 158,025 | 165,023 | 172,106 | 179,261 | 186,476 | 193,736 | 201,029 | 208,341 | 215,658 | 222,968 | 230,258 | 237,515 | 244,727 | 251,884 | 258,973 | 265,985 | |
160/5 |
131,134 | 137,668 | 144,336 | 151,125 | 158,025 | 165,023 | 172,106 | 179,261 | 186,476 | 193,736 | 201,029 | 208,341 | 215,658 | 222,968 | 230,258 | 237,515 | 244,727 | 251,884 | 258,973 | 265,985 | |
160 |
- | - | - | - | - | - | - | - | 186,476 | 193,736 | - | - | - | - | - | - | - | - | - | - | |
163 |
0 | 137,668 | 144,336 | 151,125 | 158,025 | - | - | 179,261 | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
131,134 | - | - | - | - | 165,023 | 172,106 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
200,792 | 190,775 | 182,760 | 173,314 | 165,784 | 157,395 | 150,054 | 143,365 | 135,212 | 132,938 | 125,293 | 118,157 | 110,851 | 103,574 | 96,408 | 95,053 | 87,960 | 80,971 | 74,144 | 66,995 | |
42/48 |
200,792 | 190,775 | 182,760 | 173,314 | 165,784 | 157,395 | 150,054 | 143,365 | 135,212 | 132,938 | 125,293 | 118,157 | 110,851 | 103,574 | 96,408 | 95,053 | 87,960 | 80,971 | 74,144 | 66,995 | |
43 |
- | - | - | - | - | - | - | - | - | - | 75 | - | - | 111 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 75 | - | - | 111 | - | - | - | - | - | - | |
44 |
- | 0 | 525 | 560 | 457 | 446 | 436 | 776 | 417 | 417 | - | - | - | - | - | - | - | - | - | - | |
440/4 |
- | 0 | 525 | 560 | 457 | 446 | 436 | 776 | 417 | 417 | - | - | - | - | - | - | - | - | - | - | |
45 |
- | - | - | - | - | - | - | - | - | - | 70 | - | 43 | 5 | - | - | - | - | - | - | |
450/3 |
- | - | - | - | - | - | - | - | - | - | 70 | - | 43 | 5 | - | - | - | - | - | - | |
47/48 |
200,792 | 190,775 | 182,235 | 172,754 | 165,327 | 156,948 | 149,618 | 142,589 | 134,795 | 132,521 | 125,148 | 118,157 | 110,808 | 103,459 | 96,408 | 95,053 | 87,960 | 80,971 | 74,144 | 66,995 | |
| Income statement | |||||||||||||||||||||
70 |
22,800 | 22,800 | - | - | - | - | - | - | - | - | 22,800 | - | - | - | - | - | - | - | - | - | |
9900 |
26,047 | 18,846 | 20,790 | 20,883 | 21,060 | 21,102 | 20,943 | 20,812 | 21,180 | 20,763 | 21,227 | 21,015 | 21,142 | 21,142 | 21,142 | 21,221 | 21,221 | 21,296 | 21,296 | 21,381 | |
60/61 |
3,287 | 3,954 | - | - | - | - | - | - | - | - | 1,573 | - | - | - | - | - | - | - | - | - | |
635/8 |
0 | -6,667 | -6,789 | -6,900 | -6,998 | -7,083 | -7,156 | -7,214 | -7,261 | -7,293 | -7,312 | -7,317 | -7,310 | -7,290 | -7,257 | -7,213 | -7,157 | -7,089 | -7,012 | -6,925 | |
640/8 |
462 | 449 | 446 | 410 | 410 | 410 | 410 | 410 | 410 | 472 | 410 | 410 | 410 | 410 | 410 | 410 | 348 | 472 | 348 | 410 | |
9901 |
25,586 | 25,064 | 27,133 | 27,374 | 27,648 | 27,776 | 27,689 | 27,617 | 28,031 | 27,584 | 28,129 | 27,923 | 28,042 | 28,022 | 27,989 | 28,024 | 28,030 | 27,914 | 27,961 | 27,896 | |
65/66B |
27,938 | 28,461 | 28,402 | 28,348 | 28,286 | 28,237 | 27,913 | 27,963 | 27,954 | 27,932 | 27,918 | 27,927 | 27,916 | 27,914 | 27,908 | 27,916 | 27,909 | 27,898 | 27,908 | 27,868 | |
65 |
27,938 | 28,461 | 28,402 | 28,348 | 28,286 | 28,237 | 27,913 | 27,963 | 27,954 | 27,932 | 27,918 | 27,927 | 27,916 | 27,914 | 27,908 | 27,916 | 27,909 | 27,898 | 27,908 | 27,868 | |
9903 |
-2,352 | -3,398 | -1,269 | -974 | -638 | -461 | -225 | -346 | 77 | -348 | 211 | -4 | 126 | 109 | 81 | 108 | 121 | 16 | 52 | 28 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | 70 | - | 43 | 5 | - | - | - | - | - | - | |
9904 |
-2,352 | -3,398 | -1,269 | -974 | -638 | -461 | -225 | -346 | 77 | -348 | 141 | -4 | 83 | 104 | 81 | 108 | 121 | 16 | 52 | 28 | |
9905 |
-2,352 | -3,398 | -1,269 | -974 | -638 | -461 | -225 | -346 | 77 | -348 | 141 | -4 | 83 | 104 | 81 | 108 | 121 | 16 | 52 | 28 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-3,999 | -3,398 | -1,269 | -974 | -638 | -461 | -225 | -346 | 77 | -348 | 141 | -4 | 83 | 9 | -95 | -177 | -285 | -406 | -422 | -474 | |
14P |
-1,647 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 1,751 | 1,269 | 974 | 638 | 461 | 225 | 346 | - | 348 | - | 4 | - | 32 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 77 | - | 141 | - | 83 | 41 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 41 | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | 77 | - | 141 | - | 83 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00154580 | |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00181306 | |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00140754 | |
| 31-12-2022 | abbreviated format | 05-06-2023 | 2023-00105431 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20087857 | |
| 31-12-2020 | abbreviated format | 22-06-2021 | 2021-22200259 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27900273 | |
| 31-12-2018 | abbreviated format | 11-06-2019 | 2019-17100509 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-49400342 | |
| 31-12-2016 | abbreviated format | 10-06-2017 | 2017-16600018 | |
| 31-12-2015 | abbreviated format | 05-07-2016 | 2016-27900160 | |
| 31-12-2014 | abbreviated format | 19-08-2015 | 2015-44100121 | |
| 31-12-2013 | abbreviated format | 10-07-2014 | 2014-30500467 | |
| 31-12-2012 | abbreviated format | 11-06-2013 | 2013-17100002 | |
| 31-12-2011 | abbreviated format | 21-08-2012 | 2012-43400527 | |
| 31-12-2010 | abbreviated format | 05-07-2011 | 2011-26000137 | |
| 31-12-2009 | abbreviated format | 25-08-2010 | 2010-45300468 | |
| 31-12-2008 | abbreviated format | 30-06-2009 | 2009-33500348 | |
| 31-12-2007 | abbreviated format | 30-06-2008 | 2008-31300376 | |
| 31-12-2006 | abbreviated format | 12-07-2007 | 2007-39100200 | |
| 31-12-2005 | abbreviated format | 17-07-2006 | 2006-48101799 | |
| 31-12-2004 | abbreviated format | 13-06-2005 | 2005-24705091 | |
| 31-12-2003 | abbreviated format | 14-07-2004 | 2004-45702049 | |
| 31-12-2002 | abbreviated format | 16-07-2003 | 2003-45701578 | |
| 31-12-2001 | abbreviated format | 18-09-2002 | 2002-56704504 | |
| 31-12-2000 | abbreviated format | 16-08-2001 | 2001-50502460 | |
| 31-12-1999 | abbreviated format | 29-08-2000 | 2000-53305268 | |
| 31-12-1998 | abbreviated format | 26-08-1999 | 1999-42803066 | |
| 31-12-1997 | abbreviated format | 17-09-1998 | 1998-47402234 | |
| 31-12-1996 | abbreviated format | 02-09-1997 | 1997-41304083 | |
| 31-12-1995 | abbreviated format | 23-08-1996 | 1996-41104301 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,131 | -2,050 | 1,388 | -344 | 754 | -203 | -691 | 593 | 1,690 | - | - | -15 | - | - | -26 | -11 | -47 | -246 | 189 | - | ||
| 4.8% | 5.5% | 6.5% | 6.9% | 7.1% | 7.3% | 7.5% | 7.5% | 7.6% | 5.7% | 5.8% | 5.8% | 5.8% | 5.8% | 5.7% | 4.0% | 4.0% | 4.0% | 4.0% | 4.0% | ||
| -13.9% | -17.6% | -5.6% | -4.1% | -2.6% | -1.8% | -0.9% | -1.3% | 0.3% | -1.7% | 0.7% | 0.0% | 0.4% | 0.5% | 0.4% | 0.8% | 0.9% | 0.1% | 0.4% | 0.2% | ||
| -0.7% | -1.0% | -0.4% | -0.3% | -0.2% | -0.1% | -0.1% | -0.1% | 0.0% | -0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 2% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 54.9% to 57.6%. Equity is lower and debt is higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| ONDERSTE KOMMEN
registered office since 14-09-1994 · founded in 1994 |
total assets €309,412 (2025) 0452.449.075 |
| Name | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ONDERSTE KOMMEN | 99% | 99.85% | 99.86% | |||||||||||||||
Source: list of holdings in its own accounts
The network starts from the directors of ALPHA. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ALPHA was incorporated on 15 April 1994.1 Since 2018, VANDENBORNE Bonaventura has served as director.2 Total assets went from €348,843 in 2018 to €348,828 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| ALPHA BVBA registered office Jef Thoelenstraat 1, 3730 Bilzen-Hoeselt 68201 Renting and operating of own or leased residential real estate, excluding social housing | 14-09-1994 | 2.068.174.018 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73032G0555/00E003 | 3,445 m² | 1 · 568 m² | 7.6 m · 2 |
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