ALPHA DEVELOPMENT
ActiveSummary
ALPHA DEVELOPMENT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €16k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+4
Solvency53▲+8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.04 in 2023; short-term debt: 13.4% and cash: 1.6% of total assets), but 72.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
8.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €50k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
28 d late
2022
30 d late
2021
17 d late
2020
30 d early
2019
182 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16k▲ 70.3%
2023 · €9k
2018: €6k
2019: €4k
2020: €-4k
2021: €35k
2022: €-25k
2023: €9k
2018 → 2024
Working capital
€16k▲ 1,457%
2023 · €1k
2018: €23k
2019: €26k
2020: €26k
2021: €28k
2022: €-8k
2023: €1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€50k▲ 43.8%€25k▼ 50.3%€34k▲ 37.7%€50k▲ 46.6%
Operating result€-4k-€51k€-21k€14k€27k▲ 99.1%
Net result€-4k-€35k€-25k€9k€16k▲ 70.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 99% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €183k
Fixed assets
€142k ▼ 4.1%
Current assets
€41k ▲ 61.2%
Equity and liabilities €183k
Equity
€50k ▲ 46.6%
Debt
€133k ▼ 4.7%
Debt's share of the balance-sheet total falls from 80.2% to 72.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2023 · €21k
Cash flow
€22k▲
2023 · €16k
Current ratio
1.66▲
2023 · 1.04
Quick ratio
1.54▲
2023 · 0.94
Debt to equity
2.63▼
2023 · 4.05
ROE
31.8%▲
2023 · 27.4%
ROA
8.8%▲
2023 · 5.4%
Interest coverage
10.60▲
2023 · 6.82
Debt ≤ 1 year
€25k▲
2023 · €24k
Debt > 1 year
€108k▼
2023 · €115k
Income taxes
€8k▲
2023 · €1k
Staff costs
€302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€174k€183k▲
Fixed assets21/28€148k€142k▼
Tangible fixed assets22/27€148k€142k▼
Land and buildings22€143k€138k▼
Plant, machinery and equipment23€5k€4k▼
Financial fixed assets28€210€210=
Current assets29/58€25k€41k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€21k€33k▲
Trade receivables40€20k€31k▲
Other amounts receivable41€898€3k▲
Cash at bank and in hand54/58€896€3k▲
Deferred charges and accrued income490/1€809€2k▲
Equity and liabilities
Total equity and liabilities10/49€174k€183k▲
Equity10/15€34k€50k▲
Contributions10/11€6k€6k=
Reserves13€27k€37k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€35k▲
Profit (loss) carried forward14€2k€8k▲
Amounts payable17/49€139k€133k▼
Amounts payable after more than one year17€115k€108k▼
Financial debts170/4€115k€108k▼
Amounts payable within one year42/48€24k€25k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€3k€13k▲
Other amounts payable47/48€8k-
Income statement
Code20232024
Remuneration, social security and pensions62-€302
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€22k€37k▲
Operating profit (loss)9901€14k€27k▲
Financial income75/76B€8€13▲
Recurring financial income75€8€13▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€11k€24k▲
Income taxes67/77€1k€8k▲
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€18k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€9k€10k▲
To other reserves6921€9k€10k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-25k ▼172%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 182 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Dour · 3 establishment units since 2004
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.
Rue de la Frontière 1717370 DourGround area
2,460 m²
Building footprint
383 m²
Volume, LiDAR
2,349 m³
3 parcels, Wallonia · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
ALPHA DEVELOPMENT SPRL
since 20042.139.275.909
ALPHA DEVELOPMENT
since 20192.295.349.206
ALPHA DEVELOPMENT
since 20212.339.678.008
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53012B0240/00K000 | Wallonia | 970 m² | 1 · 130 m² | 10.2 m · 2 fl. |
| 53012A0288/00H000 | Wallonia | 787 m² | 1 · 123 m² | 8.2 m · 2 fl. |
| 53064A0380/00R000 | Wallonia | 703 m² | 1 · 130 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
14Immo
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ATLAS COMMUNICATION
BE 0889.236.018
Sint-Gillis (bij-Brussel) · Eq €50,189
VERCOM
BE 0463.038.012
Ardooie · Eq €50,860
SVE Consulting
BE 0712.756.196
Aalter · Eq €51,005
Of 3,226 companies in sector 47400 we hold annual accounts for 1,806. 1,438 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.alpha-development.com
E-mail:info@alpha-development.com
E-mail:a.rizzo@alpha-development.com
Phone:+3265678536