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ALPHA FISH

Active
Public limited companyfounded 199531 yrs activeKBO/BCE: BE 0455.146.962
Summary

The computed 12-month bankruptcy probability of ALPHA FISH is 2.0% (moderate). The 2024 annual accounts show equity of €105,364 and a net result of €13,479. Equity is growing by ~9.6% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability75▲+3
Solvency61▲+3
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.96 in 2023; short-term debt: 63.9% and cash: 1.5% of total assets), and 63.9% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
36.1%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 filings
Deviation from the deadline
2025
not confirmed
2024
7 d late
2023
30 d late
2022
12 d early
2021
26 d late
2020
88 d late
2019
118 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 43 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 5 May 1995, ALPHA FISH was incorporated.1 Total assets went from EUR 201,242 in 2018 to EUR 292,114 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€105,364▲ 14.7%
2023 · €91,885
Total assets
€292,114▲ 6.5%
2023 · €274,331
Net result
€13,479▲ 80.1%
2023 · €7,482
Working capital
€7,724
2023 · -€8,204
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€6,314▼ 12.4%€5,489▼ 13.1%€3,394▼ 38.2%€5,247▲ 54.6%€11,059▲ 111%
Net result€7,890▼ 8.0%€7,274▼ 7.8%€5,374▼ 26.1%€7,482▲ 39.2%€13,479▲ 80.1%
Equity€71,755▲ 12.4%€79,029▲ 10.1%€84,403▲ 6.8%€91,885▲ 8.9%€105,364▲ 14.7%
Total assets€233,275▲ 6.9%€241,131▲ 3.4%€257,169▲ 6.7%€274,331▲ 6.7%€292,114▲ 6.5%
Debt€161,520▲ 4.7%€162,102▲ 0.4%€172,766▲ 6.6%€182,445▲ 5.6%€186,749▲ 2.4%
Working capital-€35,683▲ 22.5%-€25,959▲ 27.3%-€18,136▲ 30.1%-€8,204▲ 54.8%€7,724
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2020: €6,314€6,314Net result 2020: €7,890€7,890Operating result 2021: €5,489€5,489Net result 2021: €7,274€7,274Operating result 2022: €3,394€3,394Net result 2022: €5,374€5,374Operating result 2023: €5,247€5,247Net result 2023: €7,482€7,482Operating result 2024: €11,059€11,059Net result 2024: €13,479€13,47920202021202220232024€0€5,000€10,000€15,000Operating result 2022: €3,394€3,390Net result 2022: €5,374€5,370Operating result 2023: €5,247€5,250Net result 2023: €7,482€7,480Operating result 2024: €11,059€11,100Net result 2024: €13,479€13,500202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 111% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289,245
Fixed assets €94,771 ▼ 1.6%
Current assets €194,474 ▲ 11.6%
Equity and liabilities €292,114
Equity €105,364 ▲ 14.7%
Debt €186,749 ▲ 2.4%
Debt's share of the balance-sheet total falls from 66.5% to 63.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€13,509▲
2023 · €7,697
Cash flow
€15,928▲
2023 · €9,932
Current ratio
1.04▲
2023 · 0.96
Debt to equity
1.77▼
2023 · 1.99
ROE
12.8%▲
2023 · 8.1%
ROA
4.6%▲
2023 · 2.7%
Interest coverage
94.96▲
2023 · 64.14
Debt ≤ 1 year
€186,749▲
2023 · €182,445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 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 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 17,040 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€274,331€292,114▲
Formation expenses20€3,767€2,869▼
Fixed assets21/28€96,323€94,771▼
Tangible fixed assets22/27€96,249€94,697▼
Land and buildings22€96,249€94,697▼
Financial fixed assets28€74€74=
Current assets29/58€174,241€194,474▲
Amounts receivable within one year40/41€169,516€190,078▲
Other amounts receivable41€169,516€190,078▲
Cash at bank and in hand54/58€4,725€4,396▼
Equity and liabilities
Total equity and liabilities10/49€274,331€292,114▲
Equity10/15€91,885€105,364▲
Contributions10/11€65,692€65,692=
Capital10€65,692€65,692=
Issued capital100€65,692€65,692=
Reserves13€6,569€6,569=
Non-distributable reserves130/1€6,569€6,569=
Legal reserve130€6,569€6,569=
Profit (loss) carried forward14€19,625€33,103▲
Amounts payable17/49€182,445€186,749▲
Amounts payable within one year42/48€182,445€186,749▲
Trade debts44€11,971€16,275▲
Suppliers440/4€11,971€16,275▲
Other amounts payable47/48€170,474€170,474=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,450€2,450=
Other operating charges640/8€7,997€6,164▼
Non-recurring operating charges66A€104€0▼
Gross operating margin9900€15,798€19,673▲
Operating profit (loss)9901€5,247€11,059▲
Financial income75/76B€2,355€2,562▲
Recurring financial income75€2,355€2,562▲
Financial charges65/66B€120€142▲
Recurring financial charges65€120€142▲
Profit (loss) for the period before taxes9903€7,482€13,479▲
Profit (loss) for the period9904€7,482€13,479▲
Profit (loss) for the period to be appropriated9905€7,482€13,479▲
Appropriation of the result
Profit (loss) to be appropriated9906€19,625€33,103▲
Profit (loss) brought forward from the previous period14P€12,142€19,625▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,450€2,450€2,450€2,450€2,450=
Other operating charges640/8-€7,318€10,041€7,997€6,164▼ 22.9%
Non-recurring operating charges66A---€104€0▼ 100%
Gross operating margin9900€16,531€15,257€15,885€15,798€19,673▲ 24.5%
Operating profit (loss)9901€6,314€5,489€3,394€5,247€11,059▲ 111%
Financial income75/76B-€1,905€2,100€2,355€2,562▲ 8.8%
Recurring financial income75€1,710€1,905€2,100€2,355€2,562▲ 8.8%
Financial charges65/66B-€120€120€120€142▲ 18.6%
Recurring financial charges65€134€120€120€120€142▲ 18.6%
Profit (loss) for the period before taxes9903€7,890€7,274€5,374€7,482€13,479▲ 80.1%
Profit (loss) for the period9904€7,890€7,274€5,374€7,482€13,479▲ 80.1%
Profit (loss) for the period to be appropriated9905€7,890€7,274€5,374€7,482€13,479▲ 80.1%
Line20202021202220232024Change
Assets
Total assets20/58€233,275€241,131€257,169€274,331€292,114▲ 6.5%
Formation expenses20--€4,664€3,767€2,869▼ 23.8%
Fixed assets21/28€107,438€104,988€97,875€96,323€94,771▼ 1.6%
Intangible fixed assets21€6,460€5,562----
Tangible fixed assets22/27€100,904€99,352€97,801€96,249€94,697▼ 1.6%
Land and buildings22-€99,352€97,801€96,249€94,697▼ 1.6%
Financial fixed assets28€74€74€74€74€74=
Current assets29/58€125,837€136,143€154,630€174,241€194,474▲ 11.6%
Amounts receivable within one year40/41€121,656€134,061€149,161€169,516€190,078▲ 12.1%
Other amounts receivable41-€134,061€149,161€169,516€190,078▲ 12.1%
Cash at bank and in hand54/58€4,181€2,082€5,469€4,725€4,396▼ 7.0%
Equity and liabilities
Total equity and liabilities10/49€233,275€241,131€257,169€274,331€292,114▲ 6.5%
Equity10/15€71,755€79,029€84,403€91,885€105,364▲ 14.7%
Contributions10/11€65,692€65,692€65,692€65,692€65,692=
Capital10-€65,692€65,692€65,692€65,692=
Issued capital100-€65,692€65,692€65,692€65,692=
Reserves13€6,569€6,569€6,569€6,569€6,569=
Non-distributable reserves130/1-€6,569€6,569€6,569€6,569=
Legal reserve130-€6,569€6,569€6,569€6,569=
Profit (loss) carried forward14-€506€6,768€12,142€19,625€33,103▲ 68.7%
Amounts payable17/49€161,520€162,102€172,766€182,445€186,749▲ 2.4%
Amounts payable within one year42/48€161,520€162,102€172,766€182,445€186,749▲ 2.4%
Trade debts44€161,520€162,102€12,292€11,971€16,275▲ 36.0%
Suppliers440/4-€162,102€12,292€11,971€16,275▲ 36.0%
Other amounts payable47/48--€160,474€170,474€170,474=
Line20202021202220232024Change
Profit (loss) for the period9904€7,890€7,274€5,374€7,482€13,479▲ 80.1%
+ Depreciation and write-downs630€2,450€2,450€2,450€2,450€2,450=
Operating cash flow (approximation)€10,340€9,724€7,824€9,932€15,928▲ 60.4%
Investment in fixed assets (approximation)-€0€4,663-€898-€898=
Change in cash--€2,099€3,387-€744-€329▲ 55.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-11
KBO administration Address struck
07-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial Highest result since 2018net €13,479 ▲80.1%
Operating result €11,059, net result €13,479, both a record.
31-12
Financial Equity above €100,000Eq €105,364 ▲14.7%
7 profitable years in a row build equity to €105,364.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet €5,374 ▼26.1%
Net result drops to €5,374, the lowest in the series; recovery starts the following year.
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
27-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
26-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
30-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
16-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
913 m²
Building footprint
711 m²
Volume, LiDAR
3,186 m³
Parcel 21003A0202/00Z002, Brussels · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALPHA FISH
Air transport
since 19952.072.270.683
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21003A0202/00Z002 Brussels 913 m² 1 · 711 m² 6.0 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.

Company details

Identification
Legal formPublic limited company
Founded05-05-1995
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.