ALPHA DEVELOPMENT

In bankruptcy Public limited companyfounded 2000Waverse steenweg 1519, 1160 AuderghemKBO/BCE: BE 0471.926.576

ALPHA DEVELOPMENT

Overview

Information for creditors

French-language Commercial Court of Brussels · Official Gazette of 08-04-2016

Appeal or third-party opposition 23-04-2016Filing the claim in RegSol 04-05-2016First verification report 11-05-2016Late claim 04-04-2017

Trustee: Bouillon Emmanuelle. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

10 annual accounts with figures on one time axis, 14 filings since 2001

Gross marginpeak €20,847 (2008)

-€8,303▲ €4,004

Resultlowest -€299,646 (2006)

-€12,519▼ €13,044

Equitypeak €82,209 (2005)

-€17,456▼ €12,519

Debts

€2.1m▲ 0.5%

Owners2 names in the annual accounts

24%Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest and 1 other

Documentsfilings and deeds

29-10-2015filed

2014financial year

Gross margin from -€12,307 to -€8,303Loss of €12,519Equity from -€4,937 to -€17,456Cash from €126 to €173

Key points

from the 2014 annual accounts, the last ones filed

Equity

-€17,456 from €82,209 in 2005

Equity fell below zero in 2012.

Filings

14 annual accounts since 2001

Ten of the last ten came late. The 2005 accounts came latest: 374 days after the end of the period.

No score

Board and ownership

Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest 24%score 76equity €602.0m (2025) · 2025 annual accounts of Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest

Board & ownership

Recent changes

14-04-2016

Change of trustee French-language Commercial Court of Brussels · judgment of 11-04-2016 · Bankruptcy

08-04-2016

Bankruptcy published French-language Commercial Court of Brussels · judgment of 04-04-2016 · Bankruptcy

05-03-2001

First establishment Meilaan 181, Woluwe-Saint-Lambert

19-05-2000

Incorporation 19 publications in the Belgian Official Gazette, the last on 24-11-2015 · published on 27-05-2000 · Gazette deed

All 22 events

Official details

Source: KBO

Status: In bankruptcydeclared bankrupt on 04-04-2016
Activity: No activity registered in the KBO
Establishment unit: 2.096.969.3581200 Woluwe-Saint-Lambert, since 05-03-2001
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2014

Gross margin: -€8,303▲ 32.5%
Loss: €12,519
Equity: -€17,456▼ 254%
Total assets: €2.1m▼ 0.1%
Filing: Filed on 29-10-2015

Financials

Insights on ALPHA DEVELOPMENT

Equity fell from €82,209 in 2005 to -€17,456 in 2014.

On 4 April 2016 the court declared ALPHA DEVELOPMENT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2014

full format, filed on 29-10-2015, 90 days late

Gross margin

-€8,303

▲ €4,004

Operating result

-€11,505

▲ €1,759

Loss

-€12,519

▼ €13,044

Working capital

€13,509

▼ 48.1%

Solvency

-0.8%

▼ 0.6 percentage points

Current ratio

1.01

▼ 0.01

Turnover: not included in this filing.

Balance sheet

balance sheet total €2.1m on 31-12-2014

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Balance sheet: assets
Total assets`20/58`	2.1m	2.1m	1.9m	1.9m	1.8m	1.6m	2.0m	2.2m	7.3m	9.2m
Current assets`29/58`	2.1m	2.1m	1.9m	1.9m	1.8m	1.6m	2.0m	2.2m	7.3m	9.2m
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	555,720	2.0m
Stocks`30/36`	-	-	-	-	-	-	-	-	555,720	2.0m
Amounts receivable within one year`40/41`	2.1m	2.1m	1.9m	1.9m	1.8m	1.6m	1.7m	1.8m	5.9m	6.4m
Trade receivables`40`	128,506	129,300	130,818	129,745	131,287	132,314	344,666	1.0m	508,941	1.2m
Other amounts receivable`41`	2.0m	2.0m	1.8m	1.8m	1.6m	1.5m	1.4m	733,471	5.3m	5.3m
Cash at bank and in hand`54/58`	173	126	28	322	10,623	26,905	267,471	463,383	845,745	756,726
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	225	796	4,027	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.1m	2.1m	1.9m	1.9m	1.8m	1.6m	2.0m	2.2m	7.3m	9.2m
Equity`10/15`	-17,456	-4,937	-5,462	5,412	40,032	54,752	76,171	-214,660	-217,437	82,209
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Issued capital`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Legal reserve`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Profit (loss) carried forward`14`	-85,656	-73,137	-73,662	-62,788	-28,168	-13,448	7,971	-282,860	-285,637	14,009
Provisions and deferred taxes`16`	30,965	30,965	30,965	57,660	30,965	30,965	30,965	301,469	301,469	965
Provisions for liabilities and charges`160/5`	30,965	30,965	30,965	57,660	30,965	30,965	30,965	301,469	301,469	965
Amounts payable`17/49`	2.1m	2.1m	1.9m	1.8m	1.7m	1.6m	1.9m	2.1m	7.2m	9.1m
Amounts payable within one year`42/48`	2.1m	2.1m	1.9m	1.8m	1.7m	1.6m	1.9m	2.1m	1.5m	2.4m
Trade debts`44`	18,150	12,278	13,768	15,355	5,171	5,998	166,593	216,053	294,017	494,572
Suppliers`440/4`	18,150	12,278	13,768	15,355	5,171	5,998	166,593	216,053	294,017	494,572
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	878,714
Taxes, remuneration and social security`45`	1.1m	1.1m	1.0m	1.0m	933,214	858,556	1.1m	869,090	1.2m	1.1m
Taxes`450/3`	1.1m	1.1m	1.0m	1.0m	933,214	858,556	1.1m	869,090	1.2m	1.1m
Other amounts payable`47/48`	978,192	974,478	841,420	814,081	755,570	692,462	627,207	967,333	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	97,031	5.7m	6.7m
Income statement
Non-recurring operating income`76A`	-	14,464	-	-	-	-	-	-	-	-
Gross operating margin`9900`	-8,303	-12,307	-9,644	-6,949	-13,719	-20,206	20,847	2,089	-12,487	-73,129
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	-	233
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	26,695	-	-	-300,504	-	300,504	-28,000
Other operating charges`640/8`	3,202	957	957	942	942	942	437	437	1,032	6,312
Non-recurring operating charges`66A`	-	-	-	-	-	-	30,000	620	-	-
Operating profit (loss)`9901`	-11,505	-13,264	-10,601	-34,585	-14,661	-21,147	320,915	1,652	-314,023	-51,674
Financial income`75/76B`	-	-	-	-	29	64	376	4,732	23,051	100,333
Recurring financial income`75`	-	-	-	-	29	64	376	4,732	23,051	100,333
Financial charges`65/66B`	1,014	675	273	35	88	337	460	2,396	8,675	11,950
Recurring financial charges`65`	1,014	675	273	35	88	337	460	2,396	8,675	11,950
Profit (loss) for the period before taxes`9903`	-12,519	525	-10,874	-34,620	-14,720	-21,420	290,831	3,368	-299,646	36,709
Income taxes`67/77`	-	-	-	-	-	-	-	591	-	11,064
Profit (loss) for the period`9904`	-12,519	525	-10,874	-34,620	-14,720	-21,420	290,831	2,777	-299,646	25,645
Profit (loss) for the period to be appropriated`9905`	-12,519	525	-10,874	-34,620	-14,720	-21,420	290,831	2,777	-299,646	25,645
Appropriation of the result
Profit (loss) to be appropriated`9906`	-85,656	-73,137	-73,662	-62,788	-28,168	-13,448	7,971	-282,860	-285,637	20,209
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	6,200
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	6,200
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 4 older financial years (2001-2004) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2014 (PDF), filed on 29-10-2015.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2014	full format	29-10-2015	2015-66200499	PDF
31-12-2013	full format	28-02-2015	2015-05500318	PDF
31-12-2012	full format	06-08-2013	2013-40800061	PDF
31-12-2011	full format	24-08-2012	2012-46900033	PDF
31-12-2010	full format	24-08-2011	2011-47900393	PDF
31-12-2009	full format	23-11-2010	2010-61000286	PDF
31-12-2008	full format	13-08-2009	2009-58200215	PDF
31-12-2007	full format	30-12-2008	2008-87800276	PDF
31-12-2006	full format	25-06-2008	2008-29000262	PDF
31-12-2005	full format	09-08-2007	2007-55300370	PDF
31-12-2004	full format	14-09-2005	2005-67803449	PDF
31-12-2003	full format	14-10-2004	2004-73500776	PDF
31-12-2002	full format	31-07-2003	2003-56800755	PDF
21-12-2001	full format	26-07-2002	2002-42502023	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
EBITDA	-	-	-	-	-	-	-	-	-	-51,441
Cash flow	-	-	-	-	-	-	-	-	-	25,878
Change in cash	46	98	-293	-10,302	-16,281	-240,567	-195,911	-382,363	89,019	-
Working capital	13,509	26,028	25,503	63,071	70,997	85,717	107,136	183,840	5.8m	6.7m
Solvency	-0.8%	-0.2%	-0.3%	0.3%	2.3%	3.3%	3.8%	-9.6%	-3.0%	0.9%
Current ratio	1.01	1.01	1.01	1.03	1.04	1.06	1.06	1.09	4.90	3.76
Quick ratio	1.01	1.01	1.01	1.03	1.04	1.06	1.06	1.09	4.52	2.94
Debt to equity	-	-	-	-	42.32	28.44	24.62	-	-	-
ROE	-	-	-	-639.7%	-36.8%	-39.1%	381.8%	-	-	31.2%
ROA	-0.6%	0.0%	-0.6%	-1.8%	-0.8%	-1.3%	14.7%	0.1%	-4.1%	0.3%

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €2.1m, equity -€17,456).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on ALPHA DEVELOPMENT

The operating result for 2014 is a loss of €11,505, smaller than the loss of €13,264 in 2013.

Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€2.1m).

Board & ownership

Curator

the curator has managed the company since 04-04-2016

Bouillon Emmanuelle

Curator, Chaussee De La Hulpe 187, 1170 Bruxelles 17

Also on 195 other cases

Control

Shareholder

Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest

Equity €602.0m

Profit €2.9m in 2025 (loss €5.5m in 2024)

Checked score 76

Source: accounts Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest 2025

24%

This company

ALPHA DEVELOPMENT

Equity -€17,456

Loss €12,519 in 2014

Capital

Capital: €62,000
Source: 2014 annual accounts

Owners through the years

as the annual accounts name them

Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest

24%

F.L.T. CONTRACTORS

38%38%

38% until 2020

Owners as a list

Gewestelijke Ontwikkelingsmaatschappij voor het BrusselsHoofdstedelijk Gewest
- 2009: 24%
- 2014 to 2025: 24%
F.L.T. CONTRACTORS
- 2011 to 2017: 38%
- 2019 to 2020: 38%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

No group

ALPHA DEVELOPMENT has no parent and no holdings in its annual accounts.

Connections & network

Depth

The network starts from the shareholders of ALPHA DEVELOPMENT. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

22 events since 2000

Filings

Financial

Establishments

Insolvency

200020052010201520202025

2016

14-04-2016

Change of trustee French-language Commercial Court of Brussels · judgment of 11-04-2016

08-04-2016

Bankruptcy published French-language Commercial Court of Brussels · judgment of 04-04-2016

2015

29-10-2015

Annual accounts 2014 filed PDFfull format · 90 days late

28-02-2015

Annual accounts 2013 filed PDFfull format · 212 days late

2013

31-12-2013

Back to profit net €525 The net result is €525, after 4 loss-making years.

06-08-2013

Annual accounts 2012 filed PDFfull format · 6 days late

2012

24-08-2012

Annual accounts 2011 filed PDFfull format · 24 days late

2011

24-08-2011

Annual accounts 2010 filed PDFfull format · 24 days late

2010

23-11-2010

Annual accounts 2009 filed PDFfull format · 115 days late

2009

13-08-2009

Annual accounts 2008 filed PDFfull format · 13 days late

2008

31-12-2008

Highest result from 2005 to 2014 net €290,831 ▲10,372% The operating result of €320,915 and the net result of €290,831 are both a record.

30-12-2008

Annual accounts 2007 filed PDFfull format · 152 days late

25-06-2008

Annual accounts 2006 filed PDFfull format · 330 days late

2007

31-12-2007

Back to profit net €2,777 The net result is €2,777, after one loss-making year.

09-08-2007

Annual accounts 2005 filed PDFfull format · 374 days late

2006

31-12-2006

Weakest financial year net -€299,646 The net result drops to -€299,646, the lowest from 2005 to 2014.

2005

14-09-2005

Annual accounts 2004 filed PDFfull format

2004

14-10-2004

Annual accounts 2003 filed PDFfull format

2003

31-07-2003

Annual accounts 2002 filed PDFfull format

2002

26-07-2002

Annual accounts 2001 filed PDFfull format

2001

05-03-2001

First establishment Meilaan 181, Woluwe-Saint-Lambert

2000

19-05-2000

Incorporation 19 publications in the Belgian Official Gazette, the last on 24-11-2015 · published on 27-05-2000

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

ALPHA DEVELOPMENT was incorporated on 19 May 2000.¹ Total assets rose from €1.8m in 2010 to €2.1m in 2014.² On 4 April 2016 the company was declared bankrupt.³

Company details

Identity

Enterprise number: 0471.926.576
VAT number: BE 0471.926.576
Legal form: Public limited company
Status: In bankruptcy, since 04-04-2016
Founded: 19-05-2000
Financial year: ends on 31 December
Peppol: Not found in the Peppol Directory
Name: ALPHA DEVELOPMENT
Entity type: Legal entity

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Waverse steenweg 1519 registered office 1160 Auderghem
Meilaan 181 1200 Woluwe-Saint-Lambert 6812101 Development of residential building projects	05-03-2001	2.096.969.358

Buildings and parcels at the addresses

Ground area: 1,348 m²
Buildings: 655 m²
Volume, LiDAR: 10,166 m³
Tallest building: 20.0 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
21673D0087/00E052	790 m²	1 · 336 m²	18.5 m · 5
21002A0091/00B023	558 m²	1 · 320 m²	20.0 m · 6

Overview

Information for creditors

Lifetime

Key points

Equity

Debts

Filings

Board and ownership

Recent changes

Official details

Annual accounts 2014

Insights on ALPHA DEVELOPMENT

Financials

Annual accounts 2014

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Insights on ALPHA DEVELOPMENT

Board & ownership

Curator

Control

Capital

Owners through the years

Network & group

No group

Connections & network

Timeline

Timeline

History

Company details

Identity

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels