ALPHA - CLEANING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-04-2026 PDF all 35 filings
Turnover
≈ €140,000
Estimated: probably between €86,000 and €380,000
Total assets
€213,295▼ 12.4%
2024 · €243,556
Net result
-€895
2024 · €22,682
Working capital
-€74,113▼ 28.9%
2024 · -€57,498
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€4,381
▼ 88.8%
2025
20192025
Net result
-€895
2025
lowest quarter of the sector
20192025
Equity
€86,445
▼ 1.0%
2025
middle half of the sector
20192025
Total assets
€213,295
▼ 12.4%
2025
middle half of the sector
20192025
Debt
€126,851
▼ 18.8%
2025
20192025
Working capital
-€74,113
▼ 28.9%
2025
lowest quarter of the sector
20192025
Solvency
40.5%
▲ 4.7pp
2025
middle half of the sector
20192025
Current ratio
0.03
▼ 0.24
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-0.4%
▼ 9.7pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€3,813-€16,412▲ 330%€8,185▼ 50.1%€21,894▲ 167%€36,863▲ 68.4%€39,020▲ 5.9%€4,381▼ 88.8%
Net result-€6,584-€6,844within the sector's middle half-€608below the sector's middle half€13,817within the sector's middle half€23,984within the sector's middle half▲ 73.6%€22,682within the sector's middle half▼ 5.4%-€895below the sector's middle half
Equity€36,620-€43,464within the sector's middle half▲ 18.7%€42,856within the sector's middle half▼ 1.4%€52,673within the sector's middle half▲ 22.9%€64,657within the sector's middle half▲ 22.8%€87,339within the sector's middle half▲ 35.1%€86,445within the sector's middle half▼ 1.0%
Total assets€303,996-€292,328within the sector's middle half▼ 3.8%€269,667within the sector's middle half▼ 7.8%€261,661within the sector's middle half▼ 3.0%€259,567within the sector's middle half▼ 0.8%€243,556within the sector's middle half▼ 6.2%€213,295within the sector's middle half▼ 12.4%
Debt€267,376-€248,864▼ 6.9%€226,811▼ 8.9%€208,988▼ 7.9%€194,909▼ 6.7%€156,216▼ 19.9%€126,851▼ 18.8%
Working capital-€55,165--€47,669below the sector's middle half▲ 13.6%-€58,324below the sector's middle half▼ 22.4%-€59,986below the sector's middle half▼ 2.8%-€65,939below the sector's middle half▼ 9.9%-€57,498below the sector's middle half▲ 12.8%-€74,113below the sector's middle half▼ 28.9%
Solvency12.0%-14.9%below the sector's middle half▲ 2.8pp15.9%below the sector's middle half▲ 1.0pp20.1%within the sector's middle half▲ 4.2pp24.9%within the sector's middle half▲ 4.8pp35.9%within the sector's middle half▲ 11.0pp40.5%within the sector's middle half▲ 4.7pp
Current ratio0.40-0.43below the sector's middle half▲ 0.030.29below the sector's middle half▼ 0.140.31below the sector's middle half▲ 0.010.29below the sector's middle half▼ 0.010.27below the sector's middle half▼ 0.020.03below the sector's middle half▼ 0.24
Return on assets (ROA)-2.2%-2.3%within the sector's middle half▲ 4.5pp-0.2%below the sector's middle half▼ 2.6pp5.3%within the sector's middle half▲ 5.5pp9.2%within the sector's middle half▲ 4.0pp9.3%within the sector's middle half▲ 0.1pp-0.4%below the sector's middle half▼ 9.7pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 89% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213,295
Fixed assets
€211,235 ▼ 5.0%
Current assets
€2,061 ▼ 90.3%
Equity and liabilities €213,295
Equity
€86,445 ▼ 1.0%
Debt
€126,851 ▼ 18.8%
Debt's share of the balance-sheet total falls from 64.1% to 59.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,528▼
2024 · €50,167
Cash flow
€10,252▼
2024 · €33,829
Debt to equity
1.47▼
2024 · 1.79
ROE
-1.0%▼
2024 · 26.0%
Interest coverage
3.33▼
2024 · 7.43
Debt ≤ 1 year
€76,174▼
2024 · €78,672
Debt > 1 year
€50,677▼
2024 · €75,689
Income taxes
€610▼
2024 · €9,583
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,887 | €1,284 | - |
| Depreciation and write-downs of the year | €10,752 | €10,311 | €10,719 | €11,147 | €11,147 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €190 | €190 | €190 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,752 | €10,752 | €10,752 | €10,311 | €10,719 | €11,147 | €11,147 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,170 | €2,170 | €5,908 | €2,170 | - | - |
| Other operating charges640/8 | - | - | €1,076 | €745 | €1,162 | €1,235 | €1,264 | ▲ 2.3% |
| Gross operating margin9900 | €17,431 | €30,488 | €22,183 | €35,309 | €54,842 | €53,763 | €16,792 | ▼ 68.8% |
| Operating profit (loss)9901 | €3,813 | €16,412 | €8,185 | €21,894 | €36,863 | €39,020 | €4,381 | ▼ 88.8% |
| Financial income75/76B | - | - | €6 | - | €235 | €1 | - | - |
| Recurring financial income75 | - | - | €6 | - | €235 | €1 | - | - |
| Financial charges65/66B | - | - | €8,776 | €8,077 | €7,925 | €6,756 | €4,665 | ▼ 31.0% |
| Recurring financial charges65 | €10,110 | €9,296 | €8,776 | €8,077 | €7,925 | €6,756 | €4,665 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | -€6,297 | €7,116 | -€585 | €13,817 | €29,173 | €32,266 | -€284 | - |
| Income taxes67/77 | €287 | €272 | €23 | - | €5,189 | €9,583 | €610 | ▼ 93.6% |
| Profit (loss) for the period9904 | -€6,584 | €6,844 | -€608 | €13,817 | €23,984 | €22,682 | -€895 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,584 | €6,844 | -€608 | €13,817 | €23,984 | €22,682 | -€895 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €303,996 | €292,328 | €269,667 | €261,661 | €259,567 | €243,556 | €213,295 | ▼ 12.4% |
| Formation expenses20 | - | - | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €266,891 | €256,139 | €245,387 | €235,076 | €232,244 | €222,381 | €211,235 | ▼ 5.0% |
| Tangible fixed assets22/27 | €266,891 | €256,139 | €245,387 | €235,076 | €232,244 | €222,381 | €211,235 | ▼ 5.0% |
| Land and buildings22 | - | - | €245,387 | €235,076 | €232,244 | €221,525 | €210,807 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €856 | €428 | ▼ 50.0% |
| Current assets29/58 | €37,105 | €36,189 | €24,280 | €26,585 | €27,323 | €21,174 | €2,061 | ▼ 90.3% |
| Amounts receivable within one year40/41 | €31,076 | €24,800 | €19,428 | €20,368 | €14,285 | €10,374 | - | - |
| Trade receivables40 | - | - | €19,428 | €20,368 | €14,285 | €10,374 | - | - |
| Cash at bank and in hand54/58 | €4,289 | €11,155 | €4,535 | €6,217 | €13,038 | €10,800 | €1,209 | ▼ 88.8% |
| Deferred charges and accrued income490/1 | - | - | €317 | - | - | - | €852 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €303,996 | €292,328 | €269,667 | €261,661 | €259,567 | €243,556 | €213,295 | ▼ 12.4% |
| Equity10/15 | €36,620 | €43,464 | €42,856 | €52,673 | €64,657 | €87,339 | €86,445 | ▼ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €34,109 | €34,109 | €34,109 | €34,109 | €46,057 | €68,739 | €68,739 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €32,249 | €32,249 | €46,057 | €68,739 | €68,739 | = |
| Profit (loss) carried forward14 | -€16,089 | -€9,245 | -€9,853 | -€36 | - | - | -€895 | - |
| Amounts payable17/49 | €267,376 | €248,864 | €226,811 | €208,988 | €194,909 | €156,216 | €126,851 | ▼ 18.8% |
| Amounts payable after more than one year17 | €175,106 | €165,006 | €144,207 | €122,417 | €99,589 | €75,689 | €50,677 | ▼ 33.0% |
| Financial debts170/4 | - | - | €144,207 | €122,417 | €99,589 | €75,689 | €50,677 | ▼ 33.0% |
| Amounts payable within one year42/48 | €92,270 | €83,858 | €82,604 | €86,571 | €93,262 | €78,672 | €76,174 | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | €29,424 | €29,424 | €29,424 | €29,424 | €29,426 | = |
| Trade debts44 | €47,642 | €36,954 | €39,976 | €37,250 | €33,739 | €27,149 | €27,056 | ▼ 0.3% |
| Suppliers440/4 | - | - | €39,976 | €37,250 | €33,739 | €27,149 | €27,056 | ▼ 0.3% |
| Taxes, remuneration and social security45 | - | - | - | €798 | €3,000 | €8,000 | - | - |
| Taxes450/3 | - | - | - | €798 | €3,000 | €8,000 | - | - |
| Other amounts payable47/48 | - | - | €13,204 | €19,099 | €27,099 | €14,099 | €19,692 | ▲ 39.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,059 | €1,856 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,584 | €6,844 | -€608 | €13,817 | €23,984 | €22,682 | -€895 | - |
| + Depreciation and write-downs630 | €10,752 | €10,752 | €10,752 | €10,311 | €10,719 | €11,147 | €11,147 | = |
| Operating cash flow (approximation) | €4,168 | €17,596 | €10,144 | €24,128 | €34,703 | €33,829 | €10,252 | ▼ 69.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,887 | -€1,284 | €0 | - |
| Change in cash | - | €6,866 | -€6,620 | €1,682 | €6,821 | -€2,238 | -€9,592 | ▼ 329% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ALPHA - CLEANING has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALPHA - CLEANING itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for ALPHA - CLEANING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 08-04-2026 | 2026-00074652 | |
| 30-09-2024 | micro format | 24-03-2025 | 2025-00052797 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00049786 | |
| 30-09-2022 | micro format | 08-04-2023 | 2023-00056106 | |
| 30-09-2021 | micro format | 22-04-2022 | 2022-20006581 | |
| 30-09-2020 | micro format | 24-03-2021 | 2021-08300399 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07200481 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08500389 | |
| 30-09-2017 | micro format | 24-03-2018 | 2018-07700342 | |
| 30-09-2016 | abbreviated format | 16-03-2017 | 2017-06500316 |