ALPHA CAPITAL
ActiveALPHA CAPITAL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €747k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▲+4
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.5%
Return on assets
0.8%
Age of the figures
8 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
on the day
2022
7 d early
2021
3 d early
2020
19 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k
2024 · €-85k
2018: €139k
2019: €190k
2020: €44k
2021: €76k
2022: €-41k
2023: €119k
2024: €-85k
2018 → 2025
Working capital
€741k▲ 0.9%
2024 · €734k
2018: €606k
2019: €786k
2020: €789k
2021: €741k
2022: €697k
2023: €819k
2024: €734k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€750k-€708k▼ 5.5%€827k▲ 16.8%€742k▼ 10.3%€747k▲ 0.8%
Operating result€131k-€-6k€184k€-116k€-5k▲ 95.4%
Net result€76k-€-41k€119k€-85k€6k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €116k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €751k
Fixed assets
€7k▼ 7.2%
Current assets
€745k▼ 18.0%
Equity and liabilities €751k
Equity
€747k▲ 0.8%
Debt
€4k▼ 97.7%
The debt ratio falls from 19.0% to 0.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-1k▲
2024 · €-113k
Cash flow
€10k▲
2024 · €-82k
Solvency
99.5%▲
2024 · 81.0%
Debt / equity
0.01▼
2024 · 0.23
ROE
0.8%▲
2024 · -11.5%
ROA
0.8%▲
2024 · -9.3%
Interest coverage
-0.33▲
2024 · -32.61
Debt
€4k▼
2024 · €174k
Debt ≤ 1 year
€4k▼
2024 · €174k
Income taxes
€278
A ratio outside any meaningful range has been withheld (balance sheet total €751k, equity €747k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€916k€751k▼
Fixed assets21/28€7k€7k▼
Tangible fixed assets22/27€7k€7k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€1k€689▼
Financial fixed assets28€50€50=
Current assets29/58€908k€745k▼
Amounts receivable after more than one year29€131k€80k▼
Other amounts receivable291€131k€80k▼
Stocks and contracts in progress3€733k€0▼
Stocks30/36€733k€0▼
Amounts receivable within one year40/41€10k€2k▼
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€34k€662k▲
Deferred charges and accrued income490/1€579€455▼
Equity and liabilities
Total equity and liabilities10/49€916k€751k▼
Equity10/15€742k€747k▲
Contributions10/11€319k€319k=
Reserves13€431k€431k=
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Distributable reserves133€409k€409k=
Profit (loss) carried forward14€-8k€-2k▲
Amounts payable17/49€174k€4k▼
Amounts payable within one year42/48€174k€4k▼
Financial debts43€1k€396▼
Credit institutions430/8€1k€396▼
Trade debts44€15k€851▼
Suppliers440/4€15k€851▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€156k€916▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€-111k€3k▲
Operating profit (loss)9901€-116k€-5k▲
Financial income75/76B€34k€15k▼
Recurring financial income75€34k€15k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-85k€6k▲
Income taxes67/77-€278
Profit (loss) for the period9904€-85k€6k▲
Profit (loss) for the period to be appropriated9905€-85k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-2k▲
Profit (loss) brought forward from the previous period14P€77k€-8k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 36current ratio 186.60
Current ratio from 5.22 to 186.60; short-term debt falls from €174k to €4k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-85k ▼172%
Net result drops to €-85k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.47
Current ratio from 1.44 to 4.47; short-term debt falls from €1.60M to €236k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €190k ▲36.2%
Operating result €369k, net result €190k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 5001050 BrusselGround area
1,218 m²
Building footprint
1,221 m²
Volume, LiDAR
17,976 m³
Parcel 21822R0227/00T003, Brussels · tallest building 32.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Alpha Capital/Alpha Distribution International
since 20092.182.775.162
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00T003 | Brussels | 1,218 m² | 1 · 1,221 m² | 32.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
BXF
BE 0892.096.825
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K.V.T. IMMO
BE 0845.890.775
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STEVENS
BE 0432.145.688
Brakel · Eq €748k
Namur invest immo lease
BE 0793.756.146
Namur · Eq €746k
K en L
BE 0453.031.570
Sint-Niklaas · Eq €745k
Of 7,288 companies in sector 68110 we hold annual accounts for 5,353. 3,424 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-11-2009
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
46831Wholesale of construction materials, general range
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.