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ALPHA 11

Active
Private limited companyfounded 20215 yrs activeAkenkaai 44, 1000 Brussel, BelgiumKBO/BCE: BE 0769.418.252
Summary

ALPHA 11 has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58,918 and a net result of €21,507. Equity is growing by ~58.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.38 against 2.48 in 2023; short-term debt: 19% and cash: 30.7% of total assets), and 19% of the assets are financed with debt.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 18-06-2026, 43 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
43 d early
2024
42 d early
2023
47 d early
2022
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 19 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 June 2021, ALPHA 11 was incorporated as a Private limited company.1 Total assets went from EUR 22,359 in 2022 to EUR 72,774 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€58,918▲ 57.5%
2023 · €37,411
Total assets
€72,774▲ 24.4%
2023 · €58,496
Net result
€21,507▼ 2.9%
2023 · €22,157
Working capital
€46,765▲ 50.1%
2023 · €31,157
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€16,885-€29,076▲ 72.2%€28,200▼ 3.0%
Net result€12,254within the sector's middle half-€22,157within the sector's middle half▲ 80.8%€21,507within the sector's middle half▼ 2.9%
Equity€15,254below the sector's middle half-€37,411within the sector's middle half▲ 145%€58,918within the sector's middle half▲ 57.5%
Total assets€22,359below the sector's middle half-€58,496below the sector's middle half▲ 162%€72,774below the sector's middle half▲ 24.4%
Debt€7,105-€21,085▲ 197%€13,856▼ 34.3%
Working capital€9,085within the sector's middle half-€31,157within the sector's middle half▲ 243%€46,765within the sector's middle half▲ 50.1%
Solvency68.2%within the sector's middle half-64.0%within the sector's middle half▼ 4.3pp81.0%above the sector's middle half▲ 17.0pp
Current ratio2.28within the sector's middle half-2.48within the sector's middle half▲ 0.204.38within the sector's middle half▲ 1.90
Return on assets (ROA)54.8%above the sector's middle half-37.9%above the sector's middle half▼ 16.9pp29.6%within the sector's middle half▼ 8.3pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €16,885€16,885Net result 2022: €12,254€12,254Operating result 2023: €29,076€29,076Net result 2023: €22,157€22,157Operating result 2024: €28,200€28,200Net result 2024: €21,507€21,507202220232024€0€10,000€20,000€30,000Operating result 2022: €16,885€16,900Net result 2022: €12,254€12,300Operating result 2023: €29,076€29,100Net result 2023: €22,157€22,200Operating result 2024: €28,200€28,200Net result 2024: €21,507€21,500202220232024
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72,774
Fixed assets €12,154 ▲ 94.3%
Current assets €60,620 ▲ 16.0%
Equity and liabilities €72,774
Equity €58,918 ▲ 57.5%
Debt €13,856 ▼ 34.3%
Debt's share of the balance-sheet total falls from 36.0% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€30,975▼
2023 · €31,191
Cash flow
€24,282=
2023 · €24,272
Debt to equity
0.24▼
2023 · 0.56
ROE
36.5%▼
2023 · 59.2%
Interest coverage
136.75▲
2023 · 76.80
Debt ≤ 1 year
€13,856▼
2023 · €21,085
Income taxes
€6,546▲
2023 · €6,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€58,496€72,774▲
Fixed assets21/28€6,254€12,154▲
Intangible fixed assets21€475€178▼
Tangible fixed assets22/27€5,779€11,975▲
Plant, machinery and equipment23€4,139€3,239▼
Furniture and vehicles24€1,640€8,736▲
Current assets29/58€52,242€60,620▲
Amounts receivable within one year40/41€6,941€38,093▲
Trade receivables40€6,941€36,868▲
Other amounts receivable41-€1,225
Cash at bank and in hand54/58€45,230€22,312▼
Deferred charges and accrued income490/1€71€215▲
Equity and liabilities
Total equity and liabilities10/49€58,496€72,774▲
Equity10/15€37,411€58,918▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€34,411€55,918▲
Amounts payable17/49€21,085€13,856▼
Amounts payable within one year42/48€21,085€13,856▼
Trade debts44€4,208€163▼
Suppliers440/4€4,208€163▼
Taxes, remuneration and social security45€15,573€13,693▼
Taxes450/3€15,573€13,693▼
Other amounts payable47/48€1,303-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,115€2,775▲
Other operating charges640/8€98€348▲
Gross operating margin9900€31,289€31,323▲
Operating profit (loss)9901€29,076€28,200▼
Financial income75/76B€1€80▲
Recurring financial income75€1€80▲
Financial charges65/66B€406€227▼
Recurring financial charges65€406€227▼
Profit (loss) for the period before taxes9903€28,671€28,054▼
Income taxes67/77€6,514€6,546▲
Profit (loss) for the period9904€22,157€21,507▼
Profit (loss) for the period to be appropriated9905€22,157€21,507▼
Appropriation of the result
Profit (loss) to be appropriated9906€34,411€55,918▲
Profit (loss) brought forward from the previous period14P€12,254€34,411▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,528€2,115€2,775▲ 31.2%
Other operating charges640/8€1,240€98€348▲ 256%
Gross operating margin9900€20,652€31,289€31,323▲ 0.1%
Operating profit (loss)9901€16,885€29,076€28,200▼ 3.0%
Financial income75/76B€0€1€80▲ 8,246%
Recurring financial income75€0€1€80▲ 8,246%
Financial charges65/66B€958€406€227▼ 44.2%
Recurring financial charges65€958€406€227▼ 44.2%
Profit (loss) for the period before taxes9903€15,927€28,671€28,054▼ 2.2%
Income taxes67/77€3,673€6,514€6,546▲ 0.5%
Profit (loss) for the period9904€12,254€22,157€21,507▼ 2.9%
Profit (loss) for the period to be appropriated9905€12,254€22,157€21,507▼ 2.9%
Line202220232024Change
Assets
Total assets20/58€22,359€58,496€72,774▲ 24.4%
Fixed assets21/28€6,169€6,254€12,154▲ 94.3%
Intangible fixed assets21€772€475€178▼ 62.5%
Tangible fixed assets22/27€5,397€5,779€11,975▲ 107%
Plant, machinery and equipment23€2,621€4,139€3,239▼ 21.7%
Furniture and vehicles24€2,776€1,640€8,736▲ 433%
Current assets29/58€16,191€52,242€60,620▲ 16.0%
Amounts receivable within one year40/41€528€6,941€38,093▲ 449%
Trade receivables40-€6,941€36,868▲ 431%
Other amounts receivable41€528-€1,225-
Cash at bank and in hand54/58€15,598€45,230€22,312▼ 50.7%
Deferred charges and accrued income490/1€64€71€215▲ 204%
Equity and liabilities
Total equity and liabilities10/49€22,359€58,496€72,774▲ 24.4%
Equity10/15€15,254€37,411€58,918▲ 57.5%
Contributions10/11€3,000€3,000€3,000=
Profit (loss) carried forward14€12,254€34,411€55,918▲ 62.5%
Amounts payable17/49€7,105€21,085€13,856▼ 34.3%
Amounts payable within one year42/48€7,105€21,085€13,856▼ 34.3%
Trade debts44€177€4,208€163▼ 96.1%
Suppliers440/4€177€4,208€163▼ 96.1%
Advances received on contracts in progress46€1,260---
Taxes, remuneration and social security45€5,526€15,573€13,693▼ 12.1%
Taxes450/3€5,526€15,573€13,693▼ 12.1%
Other amounts payable47/48€143€1,303--
Line202220232024Change
Profit (loss) for the period9904€12,254€22,157€21,507▼ 2.9%
+ Depreciation and write-downs630€2,528€2,115€2,775▲ 31.2%
Operating cash flow (approximation)€14,781€24,272€24,282=
Investment in fixed assets (approximation)--€2,200-€8,675▼ 294%
Change in cash-€29,632-€22,918▼ 177%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2022net €22,157 ▲80.8%
Operating result €29,076, net result €22,157, both a record.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro 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, Brussel · 2 establishment units since 2021
seat establishment All 2 establishment units on the map
Ground area
5,693 m²
Building footprint
1,469 m²
Volume, LiDAR
26,636 m³
2 parcels, Brussels, Wallonia · tallest building 30.1 m, ±7 floors. Linked by address, not a title deed.
13 companies at this address See who is registered here
2 establishment units
ALPHA 11
Rue des Volontaires(TOU) 1, 7500 TournaiOther financial services
since 20212.318.025.133
Alpha 11
Akenkaai 44, 1000 BrusselOther financial services
since 20252.376.877.508
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21814P0248/00K004 Brussels 5,368 m² 1 · 1,120 m² 30.1 m · 7 fl.
57462A0281/00S051 Wallonia 324 m² 1 · 348 m² 15.9 m · 4 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 38,942 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
Founded07-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0769418252
Also 9925:BE0769418252
Registered 16-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.