ALPHA CONSTRUCT
ActiveSummary
The annual accounts of ALPHA CONSTRUCT for fiscal year 2025 show a net loss of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €2,307 and a net result of -€21,895. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 7625 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-51
Solvency26▼-17
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.7 against 1.11 in 2024; short-term debt: 50% and cash: 0.8% of total assets), and 99.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
0.6%
Return on assets
-5.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7625 sector peers (2025).
NBB · sector comparisonPosition among 7625 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
11 d late
2023
28 d late
2022
3 d early
2021
12 d late
2020
31 d late
2019
105 d late
← 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 12 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,307▼ 90.5%
2024 · €24,201
Total assets
€398,464▲ 192%
2024 · €136,238
Net result
-€21,895
2024 · €9,506
Working capital
-€60,095
2024 · €9,499
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,149€31,176▲ 14.8%-€3,060€12,932-€16,571
Net result€21,490within the sector's middle half€28,429above the sector's middle half▲ 32.3%-€5,487below the sector's middle half€9,506within the sector's middle half-€21,895below the sector's middle half
Equity-€8,247below the sector's middle half▲ 72.3%€20,181within the sector's middle half€14,695within the sector's middle half▼ 27.2%€24,201within the sector's middle half▲ 64.7%€2,307below the sector's middle half▼ 90.5%
Total assets€168,234within the sector's middle half▼ 1.8%€133,606within the sector's middle half▼ 20.6%€117,944within the sector's middle half▼ 11.7%€136,238within the sector's middle half▲ 15.5%€398,464above the sector's middle half▲ 192%
Debt€176,481▲ 36.0%€113,425▼ 35.7%€103,249▼ 9.0%€112,037▲ 8.5%€396,157▲ 254%
Working capital-€45,835below the sector's middle half€13,069within the sector's middle half€3,677within the sector's middle half▼ 71.9%€9,499within the sector's middle half▲ 158%-€60,095below the sector's middle half
Solvency-4.9%below the sector's middle half▲ 12.5pp15.1%below the sector's middle half▲ 20.0pp12.5%below the sector's middle half▼ 2.6pp17.8%below the sector's middle half▲ 5.3pp0.6%below the sector's middle half▼ 17.2pp
Current ratio0.72below the sector's middle half▼ 0.371.15within the sector's middle half▲ 0.431.05within the sector's middle half▼ 0.101.11within the sector's middle half▲ 0.060.70below the sector's middle half▼ 0.41
Return on assets (ROA)12.8%within the sector's middle half▲ 58.7pp21.3%above the sector's middle half▲ 8.5pp-4.7%below the sector's middle half▼ 25.9pp7.0%within the sector's middle half▲ 11.6pp-5.5%below the sector's middle half▼ 12.5pp
Staff (FTE)5▼ 18.0%5=4.5▼ 10.0%4.4▼ 2.2%2.7▼ 38.6%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 €16,571 after €12,932 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398,464
Fixed assets
€259,448 ▲ 511%
Current assets
€139,015 ▲ 48.2%
Equity and liabilities €398,464
Equity
€2,307 ▼ 90.5%
Debt
€396,157 ▲ 254%
Debt's share of the balance-sheet total rises from 82.2% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,925▼
2024 · €30,979
Cash flow
€3,601▼
2024 · €27,554
Quick ratio
0.63▼
2024 · 0.77
ROE
-949.3%▼
2024 · 39.3%
Interest coverage
1.69▼
2024 · 8.83
Debt ≤ 1 year
€199,110▲
2024 · €84,283
Debt > 1 year
€195,536▲
2024 · €26,289
Income taxes
€65▼
2024 · €126
Staff costs
€81,544▼
2024 · €83,810
A ratio outside any meaningful range has been withheld (balance sheet total €398,464, equity €2,307).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
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 0.7% 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%.
| 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 974 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €120,711 | €126,641 | €110,808 | €83,810 | €81,544 | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,251 | €23,406 | €15,427 | €18,048 | €25,496 | ▲ 41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,438 | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€71,300 | €0 | - | - | - | - |
| Other operating charges640/8 | €5,055 | €3,568 | €4,743 | €3,975 | €5,337 | ▲ 34.3% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €98,429 | €184,791 | €127,918 | €118,765 | €95,805 | ▼ 19.3% |
| Operating profit (loss)9901 | €27,149 | €31,176 | -€3,060 | €12,932 | -€16,571 | ▼ 228% |
| Financial income75/76B | €0 | €548 | €174 | €209 | €37 | ▼ 82.3% |
| Recurring financial income75 | €0 | €548 | €174 | €209 | €37 | ▼ 82.3% |
| Financial charges65/66B | €3,585 | €3,231 | €2,585 | €3,508 | €5,296 | ▲ 50.9% |
| Recurring financial charges65 | €3,585 | €3,231 | €2,585 | €3,508 | €5,296 | ▲ 50.9% |
| Profit (loss) for the period before taxes9903 | €23,564 | €28,494 | -€5,471 | €9,632 | -€21,830 | ▼ 327% |
| Income taxes67/77 | €2,074 | €65 | €16 | €126 | €65 | ▼ 48.7% |
| Profit (loss) for the period9904 | €21,490 | €28,429 | -€5,487 | €9,506 | -€21,895 | ▼ 330% |
| Transfer from tax-exempt reserves789 | €17,197 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €38,688 | €28,429 | -€5,487 | €9,506 | -€21,895 | ▼ 330% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,234 | €133,606 | €117,944 | €136,238 | €398,464 | ▲ 192% |
| Fixed assets21/28 | €48,521 | €34,188 | €40,870 | €42,456 | €259,448 | ▲ 511% |
| Tangible fixed assets22/27 | €47,242 | €33,733 | €40,415 | €42,001 | €258,993 | ▲ 517% |
| Land and buildings22 | - | - | - | - | €222,460 | - |
| Plant, machinery and equipment23 | €4,465 | €9,835 | €8,244 | €5,415 | €5,620 | ▲ 3.8% |
| Furniture and vehicles24 | €42,777 | €23,898 | €32,170 | €36,586 | €30,914 | ▼ 15.5% |
| Financial fixed assets28 | €1,279 | €455 | €455 | €455 | €455 | = |
| Current assets29/58 | €119,713 | €99,418 | €77,075 | €93,782 | €139,015 | ▲ 48.2% |
| Stocks and contracts in progress3 | €438 | €47,928 | €7,928 | €28,833 | €13,833 | ▼ 52.0% |
| Stocks30/36 | €438 | €2,928 | €4,228 | €4,333 | €2,833 | ▼ 34.6% |
| Contracts in progress37 | - | €45,000 | €3,700 | €24,500 | €11,000 | ▼ 55.1% |
| Amounts receivable within one year40/41 | €107,936 | €27,994 | €30,560 | €58,068 | €114,991 | ▲ 98.0% |
| Trade receivables40 | €107,618 | €24,192 | €26,273 | €56,620 | €112,917 | ▲ 99.4% |
| Other amounts receivable41 | €318 | €3,802 | €4,287 | €1,449 | €2,074 | ▲ 43.2% |
| Cash at bank and in hand54/58 | €5,848 | €19,826 | €33,285 | €1,323 | €3,350 | ▲ 153% |
| Deferred charges and accrued income490/1 | €5,491 | €3,669 | €5,302 | €5,558 | €6,841 | ▲ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,234 | €133,606 | €117,944 | €136,238 | €398,464 | ▲ 192% |
| Equity10/15 | -€8,247 | €20,181 | €14,695 | €24,201 | €2,307 | ▼ 90.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €20,557 | €20,557 | €20,557 | €20,557 | €20,557 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €18,697 | €18,697 | €18,697 | €18,697 | €18,697 | = |
| Profit (loss) carried forward14 | -€47,396 | -€18,967 | -€24,454 | -€14,948 | -€36,842 | ▼ 146% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Pensions and similar obligations160 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €176,481 | €113,425 | €103,249 | €112,037 | €396,157 | ▲ 254% |
| Amounts payable after more than one year17 | €10,934 | €25,964 | €29,611 | €26,289 | €195,536 | ▲ 644% |
| Financial debts170/4 | €10,934 | €25,964 | €29,611 | €26,289 | €195,536 | ▲ 644% |
| Amounts payable within one year42/48 | €165,548 | €86,349 | €73,398 | €84,283 | €199,110 | ▲ 136% |
| Current portion of amounts payable after more than one year42 | €11,053 | €14,477 | €16,982 | €18,444 | €20,204 | ▲ 9.5% |
| Financial debts43 | €3,996 | €0 | - | €6,902 | €6,839 | ▼ 0.9% |
| Credit institutions430/8 | €3,996 | €0 | - | €6,902 | €6,839 | ▼ 0.9% |
| Trade debts44 | €60,785 | €16,279 | €10,409 | €3,146 | €68,778 | ▲ 2,086% |
| Suppliers440/4 | €60,785 | €16,279 | €10,409 | €3,146 | €68,778 | ▲ 2,086% |
| Advances received on contracts in progress46 | - | €37 | €37 | €37 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €28,434 | €16,638 | €9,559 | €7,378 | €11,227 | ▲ 52.2% |
| Taxes450/3 | €16,605 | €2,292 | €375 | €739 | €1,512 | ▲ 105% |
| Remuneration and social security454/9 | €11,829 | €14,346 | €9,184 | €6,639 | €9,715 | ▲ 46.3% |
| Other amounts payable47/48 | €61,279 | €38,918 | €36,411 | €48,375 | €92,062 | ▲ 90.3% |
| Accrued charges and deferred income492/3 | €0 | €1,112 | €240 | €1,465 | €1,511 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,490 | €28,429 | -€5,487 | €9,506 | -€21,895 | ▼ 330% |
| + Depreciation and write-downs630 | €18,251 | €23,406 | €15,427 | €18,048 | €25,496 | ▲ 41.3% |
| Operating cash flow (approximation) | €39,741 | €51,834 | €9,940 | €27,554 | €3,601 | ▼ 86.9% |
| Investment in fixed assets (approximation) | - | -€9,073 | -€22,108 | -€19,634 | -€242,488 | ▼ 1,135% |
| Change in cash | - | €13,979 | €13,458 | -€31,962 | €2,027 | ▲ 106% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €9,506
Net result €9,506 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €28,429 ▲32.3%
Operating result €31,176, net result €28,429, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €21,490
Net result €21,490 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€78,639
Net result drops to -€78,639, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Mons · 1 establishment unit since 1991
Ground area
525 m²
Building footprint
111 m²
Volume, LiDAR
643 m³
Parcel 53030B0694/00D000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Garenne (G.) 46, 7011 Mons
since 19912.052.524.750
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030B0694/00D000 | Wallonia | 525 m² | 1 · 111 m² | 7.3 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
Recognised contractor
27 categoriesALPHA CONSTRUCT SRL23633
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 3,771 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 (pre-2019)
Founded05-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443918223
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.