ALPHA AQUILAE
ActiveSummary
ALPHA AQUILAE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,722 and a net result of -€3,878. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-50
Solvency82▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.07 in 2024; short-term debt: 42.8% and cash: 42.2% of total assets), and 42.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
57.2%
Return on assets
-15.1%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
23 d early
2023
27 d early
2022
24 d early
2021
40 d early
2020
32 d early
2019
46 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 32 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
Total assets
€25,729▼ 23.9%
2024 · €33,814
Net result
-€3,878
2024 · €8,409
Working capital
€3,858▲ 276%
2024 · €1,025
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Turnover€0€0€0
Operating result€26,525▲ 138%€21,716▼ 18.1%€12,574▼ 42.1%€10,997▼ 12.5%-€3,805
Net result€21,282within the sector's middle half▲ 91.7%€16,118within the sector's middle half▼ 24.3%€9,967within the sector's middle half▼ 38.2%€8,409within the sector's middle half▼ 15.6%-€3,878below the sector's middle half
Equity€23,183within the sector's middle half▲ 1,120%€18,600within the sector's middle half▼ 19.8%€18,600within the sector's middle half=€18,600within the sector's middle half=€14,722below the sector's middle half▼ 20.8%
Total assets€42,372below the sector's middle half▲ 90.2%€41,893below the sector's middle half▼ 1.1%€37,183below the sector's middle half▼ 11.2%€33,814below the sector's middle half▼ 9.1%€25,729below the sector's middle half▼ 23.9%
Debt€19,190▼ 5.8%€23,293▲ 21.4%€18,583▼ 20.2%€15,214▼ 18.1%€11,006▼ 27.7%
Working capital€28,726within the sector's middle half▲ 148%€5,859within the sector's middle half▼ 79.6%-€1,012below the sector's middle half€1,025below the sector's middle half€3,858within the sector's middle half▲ 276%
Solvency54.7%within the sector's middle half▲ 46.2pp44.4%within the sector's middle half▼ 10.3pp50.0%within the sector's middle half▲ 5.6pp55.0%within the sector's middle half▲ 5.0pp57.2%within the sector's middle half▲ 2.2pp
Current ratio6.54above the sector's middle half▲ 2.891.28within the sector's middle half▼ 5.260.94below the sector's middle half▼ 0.341.07below the sector's middle half▲ 0.131.35within the sector's middle half▲ 0.28
Return on assets (ROA)50.2%above the sector's middle half▲ 0.4pp38.5%above the sector's middle half▼ 11.8pp26.8%above the sector's middle half▼ 11.7pp24.9%within the sector's middle half▼ 1.9pp-15.1%below the sector's middle half▼ 39.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result turns negative in 2025: a loss of €3,805 after €10,997 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25,729
Fixed assets
€10,864 ▼ 38.2%
Current assets
€14,865 ▼ 8.5%
Equity and liabilities €25,729
Equity
€14,722 ▼ 20.8%
Debt
€11,006 ▼ 27.7%
Debt's share of the balance-sheet total falls from 45.0% to 42.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,122▼
2024 · €19,249
Cash flow
€4,049▼
2024 · €16,662
Debt to equity
0.75▼
2024 · 0.82
ROE
-26.3%▼
2024 · 45.2%
Interest coverage
56.60▼
2024 · 253.72
Debt ≤ 1 year
€11,006▼
2024 · €15,214
Income taxes
€0▼
2024 · €2,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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%.
| 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 3,597 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | €0 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | €0 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,273 | €3,186 | €5,978 | €8,252 | €7,927 | ▼ 3.9% |
| Other operating charges640/8 | €355 | €358 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €30,153 | €25,261 | €18,937 | €19,637 | €4,522 | ▼ 77.0% |
| Operating profit (loss)9901 | €26,525 | €21,716 | €12,574 | €10,997 | -€3,805 | ▼ 135% |
| Financial income75/76B | €0 | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €104 | €87 | €106 | €76 | €73 | ▼ 4.0% |
| Recurring financial charges65 | €104 | €87 | €106 | €76 | €73 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €26,421 | €21,629 | €12,468 | €10,921 | -€3,878 | ▼ 136% |
| Income taxes67/77 | €5,139 | €5,511 | €2,501 | €2,512 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €21,282 | €16,118 | €9,967 | €8,409 | -€3,878 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €21,282 | €16,118 | €9,967 | €8,409 | -€3,878 | ▼ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,372 | €41,893 | €37,183 | €33,814 | €25,729 | ▼ 23.9% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €8,457 | €14,741 | €21,612 | €17,575 | €10,864 | ▼ 38.2% |
| Tangible fixed assets22/27 | €8,457 | €14,741 | €21,612 | €17,575 | €10,864 | ▼ 38.2% |
| Furniture and vehicles24 | €8,457 | €14,741 | €21,612 | €17,575 | €10,864 | ▼ 38.2% |
| Current assets29/58 | €33,915 | €27,152 | €15,571 | €16,239 | €14,865 | ▼ 8.5% |
| Amounts receivable within one year40/41 | €18,926 | €997 | €9,107 | €2,684 | €4,000 | ▲ 49.0% |
| Trade receivables40 | €18,926 | €997 | €6,608 | €196 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €0 | €2,499 | €2,488 | €4,000 | ▲ 60.8% |
| Cash at bank and in hand54/58 | €14,989 | €26,155 | €6,464 | €13,555 | €10,865 | ▼ 19.8% |
| Deferred charges and accrued income490/1 | - | - | €0 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,372 | €41,893 | €37,183 | €33,814 | €25,729 | ▼ 23.9% |
| Equity10/15 | €23,183 | €18,600 | €18,600 | €18,600 | €14,722 | ▼ 20.8% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €16,983 | €0 | - | - | -€3,878 | - |
| Amounts payable17/49 | €19,190 | €23,293 | €18,583 | €15,214 | €11,006 | ▼ 27.7% |
| Amounts payable after more than one year17 | €14,000 | €2,000 | €2,000 | €0 | - | - |
| Financial debts170/4 | €14,000 | €2,000 | €2,000 | €0 | - | - |
| Amounts payable within one year42/48 | €5,190 | €21,293 | €16,583 | €15,214 | €11,006 | ▼ 27.7% |
| Trade debts44 | €1,881 | €2,303 | €1,858 | €2,671 | €1,630 | ▼ 39.0% |
| Suppliers440/4 | €1,881 | €2,303 | €1,858 | €2,671 | €1,630 | ▼ 39.0% |
| Taxes, remuneration and social security45 | €2,396 | €2,236 | €4,351 | €3,788 | €6,395 | ▲ 68.8% |
| Taxes450/3 | €2,396 | €2,236 | €2,351 | €1,788 | €1,395 | ▼ 21.9% |
| Remuneration and social security454/9 | €0 | €0 | €2,000 | €2,000 | €5,000 | ▲ 150% |
| Other amounts payable47/48 | €913 | €16,754 | €10,374 | €8,756 | €2,981 | ▼ 66.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,282 | €16,118 | €9,967 | €8,409 | -€3,878 | ▼ 146% |
| + Depreciation and write-downs630 | €3,273 | €3,186 | €5,978 | €8,252 | €7,927 | ▼ 3.9% |
| Operating cash flow (approximation) | €24,554 | €19,304 | €15,945 | €16,662 | €4,049 | ▼ 75.7% |
| Investment in fixed assets (approximation) | - | -€9,470 | -€12,850 | -€4,215 | -€1,216 | ▲ 71.1% |
| Change in cash | - | €11,166 | -€19,692 | €7,092 | -€2,691 | ▼ 138% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21,282 ▲91.7%
Operating result €26,525, net result €21,282, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.64
Current ratio from 1.62 to 3.64; short-term debt falls from €5,438 to €4,376.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5,704
Net result €5,704 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.62
Current ratio from 0.26 to 1.62.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2017
Ground area
238 m²
Building footprint
194 m²
Volume, LiDAR
2,109 m³
2 parcels, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALPHA AQUILAE
since 20172.262.635.856
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0140/00M010 | Brussels | 128 m² | 1 · 92 m² | 18.8 m · 5 fl. |
| 21822R0316/00F000 | Brussels | 110 m² | 1 · 102 m² | 10.8 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,290 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
Founded10-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668931004
Registered
29-10-2025
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.