ALPHA DISTRIBUTION
ActiveSummary
ALPHA DISTRIBUTION has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66,741 and a net result of -€4,882. Equity is shrinking by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▲+13
Solvency83▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.96 against 1.59 in 2023; short-term debt: 42.1% and cash: 34.7% of total assets), and 42.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
57.9%
Return on assets
-4.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€4,882
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
122 d late
2022
184 d late
2021
513 d late
2020
235 d late
2019
288 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 249 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€66,741▼ 6.8%
2023 · €71,623
Total assets
€115,342▼ 24.2%
2023 · €152,112
Net result
-€4,882▲ 85.9%
2023 · -€34,643
Working capital
€46,841▼ 1.6%
2023 · €47,625
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,997-€57,394-€10,955▲ 80.9%-€35,263▼ 222%-€6,148▲ 82.6%
Net result€1,560within the sector's middle half-€57,298below the sector's middle half-€12,776below the sector's middle half▲ 77.7%-€34,643below the sector's middle half▼ 171%-€4,882below the sector's middle half▲ 85.9%
Equity€176,340above the sector's middle half▲ 0.9%€119,042within the sector's middle half▼ 32.5%€106,266within the sector's middle half▼ 10.7%€71,623within the sector's middle half▼ 32.6%€66,741within the sector's middle half▼ 6.8%
Total assets€197,685within the sector's middle half▼ 2.0%€139,052within the sector's middle half▼ 29.7%€129,803within the sector's middle half▼ 6.7%€152,112within the sector's middle half▲ 17.2%€115,342within the sector's middle half▼ 24.2%
Debt€21,345▼ 20.6%€20,010▼ 6.3%€23,538▲ 17.6%€80,489▲ 242%€48,601▼ 39.6%
Working capital€171,869above the sector's middle half▲ 1.3%€115,044above the sector's middle half▼ 33.1%€102,268within the sector's middle half▼ 11.1%€47,625within the sector's middle half▼ 53.4%€46,841within the sector's middle half▼ 1.6%
Solvency89.2%above the sector's middle half▲ 2.5pp85.6%above the sector's middle half▼ 3.6pp81.9%above the sector's middle half▼ 3.7pp47.1%within the sector's middle half▼ 34.8pp57.9%within the sector's middle half▲ 10.8pp
Current ratio9.05above the sector's middle half▲ 1.746.75above the sector's middle half▼ 2.305.34above the sector's middle half▼ 1.401.59within the sector's middle half▼ 3.751.96within the sector's middle half▲ 0.37
Return on assets (ROA)0.8%within the sector's middle half▲ 2.5pp-41.2%below the sector's middle half▼ 42.0pp-9.8%below the sector's middle half▲ 31.4pp-22.8%below the sector's middle half▼ 12.9pp-4.2%below the sector's middle half▲ 18.5pp
Staff (FTE)0.3below the sector's middle half▼ 76.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €6,148 in 2024 against €35,263 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115,342
Fixed assets
€19,900 ▼ 17.1%
Current assets
€95,442 ▼ 25.5%
Equity and liabilities €115,342
Equity
€66,741 ▼ 6.8%
Debt
€48,601 ▼ 39.6%
Debt's share of the balance-sheet total falls from 52.9% to 42.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,137
Cash flow
-€871
Quick ratio
1.71▲
2023 · 1.26
Debt to equity
0.73▼
2023 · 1.12
ROE
-7.3%▲
2023 · -48.4%
Interest coverage
-3.85
Debt ≤ 1 year
€48,601▼
2023 · €80,489
Income taxes
€254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €142 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €710 | €710 | - | - | €4,011 | - |
| Other operating charges640/8 | - | €1,464 | €2,054 | €1,332 | €2,449 | ▲ 83.8% |
| Gross operating margin9900 | €14,970 | -€55,078 | -€8,901 | -€33,930 | €312 | ▲ 101% |
| Operating profit (loss)9901 | €1,997 | -€57,394 | -€10,955 | -€35,263 | -€6,148 | ▲ 82.6% |
| Financial income75/76B | - | €697 | - | €1,453 | €2,075 | ▲ 42.8% |
| Recurring financial income75 | €63 | €697 | - | €1,453 | €2,075 | ▲ 42.8% |
| Financial charges65/66B | - | €256 | €432 | €833 | €555 | ▼ 33.4% |
| Recurring financial charges65 | €501 | €256 | €432 | €833 | €555 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | €1,560 | -€56,953 | -€11,387 | -€34,643 | -€4,627 | ▲ 86.6% |
| Income taxes67/77 | - | €346 | €1,389 | - | €254 | - |
| Profit (loss) for the period9904 | €1,560 | -€57,298 | -€12,776 | -€34,643 | -€4,882 | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €1,560 | -€57,298 | -€12,776 | -€34,643 | -€4,882 | ▲ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,685 | €139,052 | €129,803 | €152,112 | €115,342 | ▼ 24.2% |
| Fixed assets21/28 | €4,471 | €3,998 | €3,998 | €23,998 | €19,900 | ▼ 17.1% |
| Intangible fixed assets21 | - | - | - | €20,000 | €16,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €571 | €98 | €98 | €98 | - | - |
| Furniture and vehicles24 | - | €98 | €98 | €98 | - | - |
| Financial fixed assets28 | €3,900 | €3,900 | €3,900 | €3,900 | €3,900 | = |
| Current assets29/58 | €193,214 | €135,054 | €125,806 | €128,114 | €95,442 | ▼ 25.5% |
| Stocks and contracts in progress3 | €94,598 | €46,453 | €44,790 | €26,425 | €12,543 | ▼ 52.5% |
| Stocks30/36 | - | €46,453 | €44,790 | €26,425 | €12,543 | ▼ 52.5% |
| Amounts receivable within one year40/41 | €50,689 | €45,018 | €44,081 | €47,624 | €42,885 | ▼ 9.9% |
| Trade receivables40 | - | €42,440 | €42,560 | €46,414 | €41,920 | ▼ 9.7% |
| Other amounts receivable41 | - | €2,577 | €1,521 | €1,209 | €965 | ▼ 20.2% |
| Cash at bank and in hand54/58 | €47,926 | €42,880 | €36,509 | €54,066 | €40,014 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | €704 | €425 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,685 | €139,052 | €129,803 | €152,112 | €115,342 | ▼ 24.2% |
| Equity10/15 | €176,340 | €119,042 | €106,266 | €71,623 | €66,741 | ▼ 6.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €6,200 | - | - | - | - |
| Reserves13 | €171,931 | €171,931 | €171,931 | €171,931 | €171,931 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €170,071 | €170,071 | €170,071 | €170,071 | = |
| Profit (loss) carried forward14 | -€7,991 | -€65,289 | -€78,065 | -€112,708 | -€117,589 | ▼ 4.3% |
| Amounts payable17/49 | €21,345 | €20,010 | €23,538 | €80,489 | €48,601 | ▼ 39.6% |
| Amounts payable within one year42/48 | €21,345 | €20,010 | €23,538 | €80,489 | €48,601 | ▼ 39.6% |
| Trade debts44 | €14,557 | €14,944 | €12,352 | €53,347 | €43,443 | ▼ 18.6% |
| Suppliers440/4 | - | €14,944 | €12,352 | €53,347 | €43,443 | ▼ 18.6% |
| Advances received on contracts in progress46 | - | €4,309 | €9,697 | €20,877 | - | - |
| Taxes, remuneration and social security45 | - | €758 | €1,488 | €6,264 | €5,157 | ▼ 17.7% |
| Taxes450/3 | - | €758 | €1,488 | €6,264 | €5,157 | ▼ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,560 | -€57,298 | -€12,776 | -€34,643 | -€4,882 | ▲ 85.9% |
| + Depreciation and write-downs630 | €710 | €710 | - | - | €4,011 | - |
| Operating cash flow (approximation) | €2,270 | -€56,588 | -€12,776 | -€34,643 | -€871 | ▲ 97.5% |
| Investment in fixed assets (approximation) | - | -€237 | €0 | -€20,000 | €87 | ▲ 100% |
| Change in cash | - | -€5,046 | -€6,371 | €17,556 | -€14,052 | ▼ 180% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 184 days late
2023
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 513 days late
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 235 days late
2021
31-12
Financial
Weakest financial yearnet -€57,298
Net result drops to -€57,298, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 288 days late
2020
31-12
Financial
Back to profitnet €1,560
Net result €1,560 after 2 loss-making years.
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zandhoven · 1 establishment unit since 2002
Ground area
1,115 m²
Building footprint
135 m²
Volume, LiDAR
689 m³
Parcel 11034B0398/00A002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Dennenlaan 77, 2243 Zandhoven
since 20022.114.572.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0398/00A002 | Flanders | 1,115 m² | 1 · 135 m² | 6.6 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.
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Of 979 companies in sector 46431 we hold annual accounts for 706. 435 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)
Founded25-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46499Wholesale of other household goods
46900Non-specialised wholesale trade
47540Retail sale of electrical household appliances
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477831304
Also
9925:BE0477831304
Registered
04-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.