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ALPHA - BETA

Active
Public limited companyfounded 199036 yrs activeBelgiëlei 27, 2018 Antwerpen, BelgiumKBO/BCE: BE 0440.061.977
Summary

ALPHA - BETA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,645 and a net result of -€559. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.54 against 4.65 in 2024; short-term debt: 22% of total assets), and 22% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 d early
2024
2 d early
2023
9 d early
2022
33 d early
2021
18 d early
2020
17 d late
2019
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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 17 January 1990, ALPHA - BETA was incorporated.1 Total assets went from EUR 112,376 in 2018 to EUR 112,376 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€87,645▼ 0.6%
2024 · €88,204
Total assets
€112,376=
2024 · €112,376
Net result
-€559▼ 10.6%
2024 · -€505
Working capital
€87,645▼ 0.6%
2024 · €88,204
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€449=-€460▼ 2.6%-€493▼ 7.3%-€505▼ 2.4%-€559▼ 10.6%
Net result-€449=-€464▼ 3.5%-€493▼ 6.3%-€505▼ 2.4%-€559▼ 10.6%
Equity€89,667▼ 0.5%€89,203▼ 0.5%€88,709▼ 0.6%€88,204▼ 0.6%€87,645▼ 0.6%
Total assets€112,376=€112,376=€112,376=€112,376=€112,376=
Debt€22,709▲ 2.0%€23,173▲ 2.0%€23,667▲ 2.1%€24,172▲ 2.1%€24,731▲ 2.3%
Working capital€89,667▼ 0.5%€89,203▼ 0.5%€88,709▼ 0.6%€88,204▼ 0.6%€87,645▼ 0.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€600-€400-€200€0Operating result 2021: -€449-€449Net result 2021: -€449-€449Operating result 2022: -€460-€460Net result 2022: -€464-€464Operating result 2023: -€493-€493Net result 2023: -€493-€493Operating result 2024: -€505-€505Net result 2024: -€505-€505Operating result 2025: -€559-€559Net result 2025: -€559-€55920212022202320242025-€600-€400-€200€0Operating result 2023: -€493-€493Net result 2023: -€493-€493Operating result 2024: -€505-€505Net result 2024: -€505-€505Operating result 2025: -€559-€559Net result 2025: -€559-€559202320242025
The operating result stays negative: a loss of €559 in 2025 against €505 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
Equity and liabilities €112,376
Equity €87,645 ▼ 0.6%
Debt €24,731 ▲ 2.3%
Debt's share of the balance-sheet total rises from 21.5% to 22.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
4.54▼
2024 · 4.65
Debt to equity
0.28▲
2024 · 0.27
ROE
-0.6%▼
2024 · -0.6%
ROA
-0.5%▼
2024 · -0.4%
Debt ≤ 1 year
€24,731▲
2024 · €24,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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 · 2025 against 2024 · 23 lines
Balance sheet Code20242025
Assets
Total assets20/58€112,376€112,376=
Formation expenses20€0€0=
Current assets29/58€112,376€112,376=
Current investments50/53€112,376€112,376=
Equity and liabilities
Total equity and liabilities10/49€112,376€112,376=
Equity10/15€88,204€87,645▼
Contributions10/11€541,945€541,945=
Capital10€541,945€541,945=
Issued capital100€541,945€541,945=
Reserves13€9,734€9,734=
Non-distributable reserves130/1€9,734€9,734=
Legal reserve130€9,734€9,734=
Profit (loss) carried forward14-€463,475-€464,034▼
Amounts payable17/49€24,172€24,731▲
Amounts payable within one year42/48€24,172€24,731▲
Other amounts payable47/48€24,172€24,731▲
Income statement Code20242025
Other operating charges640/8€505€559▲
Operating profit (loss)9901-€505-€559▼
Profit (loss) for the period before taxes9903-€505-€559▼
Profit (loss) for the period9904-€505-€559▼
Profit (loss) for the period to be appropriated9905-€505-€559▼
Appropriation of the result
Profit (loss) to be appropriated9906-€463,475-€464,034▼
Profit (loss) brought forward from the previous period14P-€462,969-€463,475▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€449€460€493€505€559▲ 10.6%
Operating profit (loss)9901-€449-€460-€493-€505-€559▼ 10.6%
Financial charges65/66B-€4----
Recurring financial charges65-€4----
Profit (loss) for the period before taxes9903-€449-€464-€493-€505-€559▼ 10.6%
Profit (loss) for the period9904-€449-€464-€493-€505-€559▼ 10.6%
Profit (loss) for the period to be appropriated9905-€449-€464-€493-€505-€559▼ 10.6%
Line20212022202320242025Change
Assets
Total assets20/58€112,376€112,376€112,376€112,376€112,376=
Formation expenses20--€0€0€0-
Current assets29/58€112,376€112,376€112,376€112,376€112,376=
Current investments50/53€112,376€112,376€112,376€112,376€112,376=
Equity and liabilities
Total equity and liabilities10/49€112,376€112,376€112,376€112,376€112,376=
Equity10/15€89,667€89,203€88,709€88,204€87,645▼ 0.6%
Contributions10/11€541,945€541,945€541,945€541,945€541,945=
Capital10€541,945€541,945€541,945€541,945€541,945=
Issued capital100€541,945€541,945€541,945€541,945€541,945=
Reserves13€9,734€9,734€9,734€9,734€9,734=
Non-distributable reserves130/1€9,734€9,734€9,734€9,734€9,734=
Legal reserve130€9,734€9,734€9,734€9,734€9,734=
Profit (loss) carried forward14-€462,012-€462,476-€462,969-€463,475-€464,034▼ 0.1%
Amounts payable17/49€22,709€23,173€23,667€24,172€24,731▲ 2.3%
Amounts payable within one year42/48€22,709€23,173€23,667€24,172€24,731▲ 2.3%
Other amounts payable47/48€22,709€23,173€23,667€24,172€24,731▲ 2.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€449-€464-€493-€505-€559▼ 10.6%
Operating cash flow (approximation)-€449-€464-€493-€505-€559▼ 10.6%

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
29-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
12-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
14-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
684 m²
Building footprint
350 m²
Volume, LiDAR
7,840 m³
Parcel 11806F1234/00C013, Flanders · tallest building 30.4 m, ±8 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11806F1234/00C013 Flanders 684 m² 1 · 350 m² 30.4 m · 8 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of ALPHA - BETA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded17-01-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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

Register as of 30 September 2026 · Peppol Directory

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