ALPHA ELECTRONICS
ActiveSummary
ALPHA ELECTRONICS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €657,557 and a net result of €49,345. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-4
Solvency63▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.06 in 2023; short-term debt: 17.6% and cash: 2.5% of total assets), but 61.8% 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○neutral
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 · 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
on the day
2022
20 d early
2021
27 d early
2020
2 d early
2019
11 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 7 days before 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49,345▼ 43.1%
2023 · €86,704
Working capital
€345,544▲ 6.0%
2023 · €326,056
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€47,014▼ 81.1%€86,356▲ 83.7%€42,100▼ 51.2%€114,171▲ 171%€82,059▼ 28.1%
Net result€45,007within the sector's middle half▼ 71.9%€71,329within the sector's middle half▲ 58.5%€16,173within the sector's middle half▼ 77.3%€86,704within the sector's middle half▲ 436%€49,345within the sector's middle half▼ 43.1%
Equity€448,292within the sector's middle half▲ 11.2%€505,336within the sector's middle half▲ 12.7%€521,509within the sector's middle half▲ 3.2%€608,213within the sector's middle half▲ 16.6%€657,557within the sector's middle half▲ 8.1%
Total assets€1.2mwithin the sector's middle half▲ 63.3%€1.4mwithin the sector's middle half▲ 16.9%€1.4mwithin the sector's middle half▲ 0.9%€1.5mwithin the sector's middle half▲ 7.9%€1.7mwithin the sector's middle half▲ 11.2%
Debt€769,735▲ 125%€918,350▲ 19.3%€915,329▼ 0.3%€941,419▲ 2.9%€1.1m▲ 13.1%
Working capital€308,734▼ 9.3%€256,085▼ 17.1%€248,404▼ 3.0%€326,056▲ 31.3%€345,544▲ 6.0%
Solvency36.8%within the sector's middle half▼ 17.3pp35.5%within the sector's middle half▼ 1.3pp36.3%within the sector's middle half▲ 0.8pp39.2%within the sector's middle half▲ 3.0pp38.2%within the sector's middle half▼ 1.1pp
Staff (FTE)3.6within the sector's middle half▲ 28.6%3.4below the sector's middle half▼ 5.6%3.3below the sector's middle half▼ 2.9%4.1within the sector's middle half▲ 24.2%6.2within the sector's middle half▲ 51.2%
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.1m ▲ 17.2%
Current assets
€649,577 ▲ 2.5%
Equity and liabilities €1.7m
Equity
€657,557 ▲ 8.1%
Debt
€1.1m ▲ 13.1%
Debt's share of the balance-sheet total rises from 60.8% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159,016▼
2023 · €196,539
Cash flow
€126,302▼
2023 · €169,072
Current ratio
2.14▲
2023 · 2.06
Quick ratio
1.46▲
2023 · 1.08
Debt to equity
1.62▲
2023 · 1.55
ROE
7.5%▼
2023 · 14.3%
ROA
2.9%▼
2023 · 5.6%
Interest coverage
11.88▼
2023 · 14.44
Debt ≤ 1 year
€304,032▼
2023 · €307,953
Debt > 1 year
€761,156▲
2023 · €629,020
Income taxes
€20,930▲
2023 · €17,509
Staff costs
€269,934▲
2023 · €185,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | - | €141,006 | €163,629 | €185,356 | €269,934 | ▲ 45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,677 | €56,549 | €78,312 | €82,369 | €76,957 | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,735 | - | - |
| Other operating charges640/8 | - | €9,698 | €2,435 | €7,627 | €7,881 | ▲ 3.3% |
| Gross operating margin9900 | €219,909 | €293,609 | €286,476 | €393,258 | €436,830 | ▲ 11.1% |
| Operating profit (loss)9901 | €47,014 | €86,356 | €42,100 | €114,171 | €82,059 | ▼ 28.1% |
| Financial income75/76B | - | €747 | €134 | €3,655 | €1,598 | ▼ 56.3% |
| Recurring financial income75 | €3,107 | €747 | €134 | €3,655 | €1,598 | ▼ 56.3% |
| Financial charges65/66B | - | €12,640 | €23,738 | €13,613 | €13,382 | ▼ 1.7% |
| Recurring financial charges65 | €4,918 | €12,640 | €23,738 | €13,613 | €13,382 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | €45,203 | €74,463 | €18,496 | €104,213 | €70,275 | ▼ 32.6% |
| Income taxes67/77 | €196 | €3,134 | €2,323 | €17,509 | €20,930 | ▲ 19.5% |
| Profit (loss) for the period9904 | €45,007 | €71,329 | €16,173 | €86,704 | €49,345 | ▼ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €45,007 | €71,329 | €16,173 | €86,704 | €49,345 | ▼ 43.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.4m | €1.5m | €1.7m | ▲ 11.2% |
| Fixed assets21/28 | €742,602 | €999,635 | €954,951 | €915,622 | €1.1m | ▲ 17.2% |
| Intangible fixed assets21 | €1,264 | €824 | €384 | €0 | - | - |
| Tangible fixed assets22/27 | €741,339 | €998,812 | €954,567 | €915,622 | €1.1m | ▲ 17.2% |
| Land and buildings22 | - | €882,173 | €848,421 | €814,669 | €980,826 | ▲ 20.4% |
| Plant, machinery and equipment23 | - | €10,908 | €14,842 | €25,401 | €34,807 | ▲ 37.0% |
| Furniture and vehicles24 | - | €105,731 | €91,304 | €75,552 | €57,536 | ▼ 23.8% |
| Current assets29/58 | €475,424 | €424,051 | €481,887 | €634,009 | €649,577 | ▲ 2.5% |
| Stocks and contracts in progress3 | €67,580 | €182,418 | €151,916 | €300,216 | €204,803 | ▼ 31.8% |
| Stocks30/36 | - | €182,418 | €101,912 | €115,534 | €39,395 | ▼ 65.9% |
| Contracts in progress37 | - | - | €50,004 | €184,682 | €165,408 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €296,217 | €231,743 | €304,036 | €295,537 | €398,078 | ▲ 34.7% |
| Trade receivables40 | - | €181,643 | €304,004 | €290,947 | €324,817 | ▲ 11.6% |
| Other amounts receivable41 | - | €50,100 | €32 | €4,590 | €73,260 | ▲ 1,496% |
| Cash at bank and in hand54/58 | €73,245 | €3,822 | €16,491 | €30,412 | €42,226 | ▲ 38.8% |
| Deferred charges and accrued income490/1 | - | €6,067 | €9,445 | €7,844 | €4,470 | ▼ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.4m | €1.5m | €1.7m | ▲ 11.2% |
| Equity10/15 | €448,292 | €505,336 | €521,509 | €608,213 | €657,557 | ▲ 8.1% |
| Contributions10/11 | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Capital10 | - | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Issued capital100 | - | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Reserves13 | €27,600 | €47,600 | €57,600 | €87,600 | €107,600 | ▲ 22.8% |
| Non-distributable reserves130/1 | - | €7,600 | €7,600 | €7,600 | €7,600 | = |
| Legal reserve130 | - | €7,600 | €7,600 | €7,600 | €7,600 | = |
| Distributable reserves133 | - | €40,000 | €50,000 | €80,000 | €100,000 | ▲ 25.0% |
| Profit (loss) carried forward14 | €344,692 | €381,736 | €387,909 | €444,613 | €473,957 | ▲ 6.6% |
| Amounts payable17/49 | €769,735 | €918,350 | €915,329 | €941,419 | €1.1m | ▲ 13.1% |
| Amounts payable after more than one year17 | €603,045 | €750,385 | €681,846 | €629,020 | €761,156 | ▲ 21.0% |
| Financial debts170/4 | - | €750,385 | €681,846 | €629,020 | €761,156 | ▲ 21.0% |
| Amounts payable within one year42/48 | €166,690 | €167,965 | €233,483 | €307,953 | €304,032 | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €74,884 | €79,041 | €73,508 | €122,527 | ▲ 66.7% |
| Financial debts43 | - | €17,705 | €50,000 | €80,000 | €50,000 | ▼ 37.5% |
| Credit institutions430/8 | - | €17,705 | €50,000 | €80,000 | €50,000 | ▼ 37.5% |
| Trade debts44 | €83,834 | €22,247 | €36,877 | €92,007 | €90,674 | ▼ 1.4% |
| Suppliers440/4 | - | €22,247 | €36,877 | €92,007 | €90,674 | ▼ 1.4% |
| Taxes, remuneration and social security45 | - | €19,531 | €35,005 | €42,305 | €40,832 | ▼ 3.5% |
| Taxes450/3 | - | €2,912 | €7,290 | €18,623 | - | - |
| Remuneration and social security454/9 | - | €16,619 | €27,715 | €23,683 | €40,832 | ▲ 72.4% |
| Other amounts payable47/48 | - | €33,599 | €32,560 | €20,133 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,445 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,007 | €71,329 | €16,173 | €86,704 | €49,345 | ▼ 43.1% |
| + Depreciation and write-downs630 | €38,677 | €56,549 | €78,312 | €82,369 | €76,957 | ▼ 6.6% |
| Operating cash flow (approximation) | €83,685 | €127,878 | €94,485 | €169,072 | €126,302 | ▼ 25.3% |
| Investment in fixed assets (approximation) | - | -€313,582 | -€33,628 | -€43,040 | -€234,505 | ▼ 445% |
| Change in cash | - | -€69,423 | €12,669 | €13,922 | €11,814 | ▼ 15.1% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €16,173 ▼77.3%
Net result drops to €16,173, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500,000Eq €505,336 ▲12.7%
4 profitable years in a row build equity to €505,336.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Highest result since 2018net €159,949 ▲126%
Operating result €248,630, net result €159,949, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 78 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
05-07
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.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Mont-Saint-Guibert · 1 establishment unit since 2000
Ground area
997 m²
Building footprint
96 m²
Volume, LiDAR
487 m³
Parcel 25068B0069/00L000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALPHA ELECTRONICS EUROPE SA
since 20002.093.568.222
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0069/00L000 | Wallonia | 997 m² | 1 · 96 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 1,244 companies in sector 46643 we hold annual accounts for 953. 711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
26300Manufacture of computer, electronic and optical products
46643Wholesale of electrical equipment, including installation materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468287888
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.