ALPHA-B
ActiveSummary
ALPHA-B has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439k and a net result of €-100k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-19
Solvency68▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.19 in 2024; short-term debt: 26% and cash: 0.3% of total assets), and 57.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
42.9%
Return on assets
-9.8%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-100k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
17 d early
2023
33 d early
2022
35 d early
2021
25 d early
2020
3 d early
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-100k▼ 119%
2024 · €-46k
Working capital
€-240k▼ 63.9%
2024 · €-147k
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
Operating result€31k▼ 35.3%€59k▲ 90.0%€46k▼ 21.5%€-37k€-93k▼ 154%
Net result€27k▼ 43.2%€56k▲ 110%€43k▼ 22.6%€-46k€-100k▼ 119%
Equity€525k€570k▲ 8.5%€603k▲ 5.9%€549k▼ 9.1%€439k▼ 20.0%
Total assets€1.27M▲ 82.8%€1.20M▼ 5.7%€1.31M▲ 8.6%€1.20M▼ 8.1%€1.02M▼ 14.7%
Debt€749k▼ 8.3%€632k▼ 15.7%€702k▲ 11.0%€650k▼ 7.3%€583k▼ 10.3%
Working capital€-74k▲ 85.5%€-28k▲ 61.3%€-114k▼ 300%€-147k▼ 28.8%€-240k▼ 63.9%
Staff (FTE)2▼ 16.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €93k in 2025 against €37k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€997k ▼ 14.4%
Current assets
€25k ▼ 24.5%
Equity and liabilities €1.02M
Equity
€439k ▼ 20.0%
Debt
€583k ▼ 10.3%
Debt's share of the balance-sheet total rises from 54.2% to 57.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75k▼
2024 · €130k
Cash flow
€68k▼
2024 · €121k
Current ratio
0.10▼
2024 · 0.19
Debt to equity
1.33▲
2024 · 1.19
ROE
-22.8%▼
2024 · -8.4%
ROA
-9.8%▼
2024 · -3.8%
Interest coverage
4.58▼
2024 · 6.18
Debt ≤ 1 year
€266k▲
2024 · €180k
Debt > 1 year
€318k▼
2024 · €470k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €133k | €2k | €-2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125k | €114k | €112k | €167k | €168k | ▲ 1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €73k | - |
| Other operating charges640/8 | - | €9k | €10k | €11k | €12k | ▲ 11.6% |
| Gross operating margin9900 | €298k | €315k | €171k | €139k | €160k | ▲ 15.2% |
| Operating profit (loss)9901 | €31k | €59k | €46k | €-37k | €-93k | ▼ 154% |
| Financial income75/76B | - | €11k | €10k | €12k | €10k | ▼ 22.2% |
| Recurring financial income75 | €12k | €11k | €10k | €12k | €10k | ▼ 22.2% |
| Financial charges65/66B | - | €14k | €13k | €21k | €16k | ▼ 22.1% |
| Recurring financial charges65 | €16k | €14k | €13k | €21k | €16k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €27k | €56k | €43k | €-45k | €-100k | ▼ 120% |
| Income taxes67/77 | €49 | €50 | €281 | €352 | - | - |
| Profit (loss) for the period9904 | €27k | €56k | €43k | €-46k | €-100k | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €27k | €56k | €43k | €-46k | €-100k | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.27M | €1.20M | €1.31M | €1.20M | €1.02M | ▼ 14.7% |
| Fixed assets21/28 | €1.14M | €1.03M | €1.14M | €1.17M | €997k | ▼ 14.4% |
| Tangible fixed assets22/27 | €1.14M | €1.03M | €1.14M | €1.17M | €997k | ▼ 14.4% |
| Land and buildings22 | - | €1.01M | €1.13M | €1.16M | €992k | ▼ 14.4% |
| Plant, machinery and equipment23 | - | €18k | €949 | €6k | €5k | ▼ 11.8% |
| Furniture and vehicles24 | - | - | €4k | €1k | - | - |
| Current assets29/58 | €133k | €169k | €166k | €33k | €25k | ▼ 24.5% |
| Amounts receivable after more than one year29 | - | €25k | €13k | - | - | - |
| Other amounts receivable291 | - | €25k | €13k | - | - | - |
| Amounts receivable within one year40/41 | €68k | €107k | €124k | €31k | €22k | ▼ 30.2% |
| Trade receivables40 | - | €107k | €124k | €31k | €22k | ▼ 30.6% |
| Other amounts receivable41 | - | - | €16 | - | €112 | - |
| Current investments50/53 | - | €22k | €22k | - | - | - |
| Cash at bank and in hand54/58 | €26k | €13k | €6k | €2k | €3k | ▲ 56.0% |
| Deferred charges and accrued income490/1 | - | €2k | €900 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.27M | €1.20M | €1.31M | €1.20M | €1.02M | ▼ 14.7% |
| Equity10/15 | €525k | €570k | €603k | €549k | €439k | ▼ 20.0% |
| Contributions10/11 | - | €875k | €875k | €876k | €876k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-412k | €-356k | €-313k | €-359k | €-459k | ▼ 27.9% |
| Investment grants15 | - | €48k | €38k | €29k | €19k | ▼ 33.3% |
| Amounts payable17/49 | €749k | €632k | €702k | €650k | €583k | ▼ 10.3% |
| Amounts payable after more than one year17 | €543k | €435k | €422k | €470k | €318k | ▼ 32.4% |
| Financial debts170/4 | - | €435k | €422k | €470k | €318k | ▼ 32.4% |
| Amounts payable within one year42/48 | €207k | €197k | €280k | €180k | €266k | ▲ 47.5% |
| Current portion of amounts payable after more than one year42 | - | €108k | €145k | €152k | €152k | ▲ 0.4% |
| Trade debts44 | €33k | €52k | €57k | €10k | €6k | ▼ 36.2% |
| Suppliers440/4 | - | €52k | €57k | €10k | €6k | ▼ 36.2% |
| Taxes, remuneration and social security45 | - | €18k | €7k | €6k | €10k | ▲ 77.6% |
| Taxes450/3 | - | €4k | €987 | €3k | €9k | ▲ 195% |
| Remuneration and social security454/9 | - | €14k | €6k | €3k | €1k | ▼ 50.4% |
| Other amounts payable47/48 | - | €20k | €70k | €12k | €96k | ▲ 676% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €56k | €43k | €-46k | €-100k | ▼ 119% |
| + Depreciation and write-downs630 | €125k | €114k | €112k | €167k | €168k | ▲ 1.0% |
| Operating cash flow (approximation) | €152k | €169k | €156k | €121k | €68k | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | €-5k | €-219k | €-193k | €0 | ▲ 100% |
| Change in cash | - | €-13k | €-7k | €-4k | €1k | ▲ 130% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series.
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €56k ▲110%
Operating result €59k, net result €56k, both a record.
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €500kEq €525k
3 profitable years in a row build equity to €525k.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Perwez · 1 establishment unit since 2009
Ground area
3,798 m²
Building footprint
1,477 m²
Volume, LiDAR
9,410 m³
Parcel 25084C0577/00L002, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ALPHA-B
since 20092.178.834.586
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0577/00L002 | Wallonia | 3,798 m² | 1 · 1,477 m² | 9.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400QEGQEDHP11DG68
Similar companies · same sector, comparable size
ANDRIES VANSTEENKISTE
BE 0822.180.017
Laarne · Eq €438,752
WOLFAERT
BE 0816.915.687
Evergem · Eq €438,678
DE COEYER GEBR.
BE 0400.833.692
Mechelen · Eq €439,344
BOLSTER
BE 0839.416.620
Ternat · Eq €438,238
QUIX JOS POORTEN
BE 0479.688.853
Maaseik · Eq €439,570
Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 6,228 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
Founded20-03-2009
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
jean-luc.percy@alphab.bePerwez
Phone
081/23.74.40Perwez
Fax
081/23.74.49Perwez
Scores and ratios are computed by Checked and are not a credit decision.