ALPHA DRAIN SOLUTIONS
ActiveThe computed 12-month bankruptcy probability of ALPHA DRAIN SOLUTIONS is 3.8% (moderate). The 2024 annual accounts show negative equity (€-45k) and a net result of €-92k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7447 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
15
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-6
Solvency12▼-25
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 1.14 in 2023; short-term debt: 94.1% and cash: 4.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
-12.8%
Return on assets
-25.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-45k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
2 d late
2023
156 d early
2022
117 d early
2021
62 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-45k
2023 · €47k
2021: €24k
2022: €84k
2023: €47k
2021 → 2024
Total assets
€355k▼ 7.8%
2023 · €384k
2021: €83k
2022: €484k
2023: €384k
2021 → 2024
Net result
€-92k▼ 143%
2023 · €-38k
2021: €19k
2022: €60k
2023: €-38k
2021 → 2024
Working capital
€-50k
2023 · €38k
2021: €4k
2022: €49k
2023: €38k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€24k-€84k▲ 252%€47k▼ 44.9%€-45k
Operating result€25k-€72k▲ 183%€-29k€-74k▼ 155%
Net result€19k-€60k▲ 218%€-38k€-92k▼ 143%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2024 against €29k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €355k
Fixed assets
€71k▲ 0.6%
Current assets
€284k▼ 9.6%
Key figures and ratios
EBITDA
€-59k▼
2023 · €-15k
Cash flow
€-76k▼
2023 · €-23k
Solvency
-12.8%▼
2023 · 12.1%
Current ratio
0.85▼
2023 · 1.14
Quick ratio
0.22▼
2023 · 0.33
Debt / equity
-8.80▼
2023 · 7.26
ROA
-25.9%▼
2023 · -9.9%
Interest coverage
-3.36▼
2023 · -1.64
Debt
€400k▲
2023 · €338k
Debt ≤ 1 year
€334k▲
2023 · €276k
Debt > 1 year
€67k▲
2023 · €62k
Income taxes
€262
Staff costs
€57k▲
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€384k€355k▼
Fixed assets21/28€70k€71k▲
Intangible fixed assets21-€13k
Tangible fixed assets22/27€59k€47k▼
Plant, machinery and equipment23€45k€35k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€11k€11k=
Current assets29/58€314k€284k▼
Stocks and contracts in progress3€222k€210k▼
Stocks30/36€222k€210k▼
Amounts receivable within one year40/41€70k€59k▼
Trade receivables40€54k€44k▼
Other amounts receivable41€16k€15k▼
Cash at bank and in hand54/58€22k€16k▼
Deferred charges and accrued income490/1€28-
Equity and liabilities
Total equity and liabilities10/49€384k€355k▼
Equity10/15€47k€-45k▼
Contributions10/11€5k€5k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€525€-91k▼
Amounts payable17/49€338k€400k▲
Amounts payable after more than one year17€62k€67k▲
Financial debts170/4€62k€67k▲
Amounts payable within one year42/48€276k€334k▲
Current portion of amounts payable after more than one year42€69k€54k▼
Financial debts43€3€2k▲
Credit institutions430/8€3€2k▲
Trade debts44€164k€201k▲
Suppliers440/4€164k€201k▲
Taxes, remuneration and social security45€43k€75k▲
Taxes450/3€43k€74k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€26k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€5k€20k▲
Non-recurring operating charges66A€50k-
Gross operating margin9900€66k€19k▼
Operating profit (loss)9901€-29k€-74k▼
Financial income75/76B€122€45▼
Recurring financial income75€122€45▼
Financial charges65/66B€9k€17k▲
Recurring financial charges65€9k€17k▲
Profit (loss) for the period before taxes9903€-38k€-92k▼
Income taxes67/77-€262
Profit (loss) for the period9904€-38k€-92k▼
Profit (loss) for the period to be appropriated9905€-38k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-91k▼
Profit (loss) brought forward from the previous period14P€449€525▲
Transfer from equity791/2€38k-
Social balance
Average headcount (FTE)9087-1.4
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 2 days late
2024
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €60k ▲218%
Operating result €72k, net result €60k, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lochristi · 1 establishment unit since 2023
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.
Kasseitje 36A9080 LochristiGround area
3,034 m²
Building footprint
384 m²
Volume, LiDAR
1,887 m³
Parcel 44034C0591/00D003, Flanders · tallest building 5.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Alpha Drain Solutions
since 20232.342.120.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0591/00D003 | Flanders | 3,034 m² | 1 · 384 m² | 5.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 14,559 EUR awarded · 18,849 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,012 EUR | 6,012 EUR |
| 2024 | 2 | 8,547 EUR | 8,547 EUR |
| 2023 | 1 | 0 EUR | 4,290 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 2,946 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
46649Wholesale of other machinery and equipment
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
47529Retail trade
70200Business and other management consultancy
70220Business consulting
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.