ALPHA HEATING
ActiveSummary
ALPHA HEATING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €-45k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+26
Solvency71▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.84 in 2024; short-term debt: 53.8% and cash: 11.6% of total assets), but 54.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-45k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
66 d early
2023
69 d early
2022
21 d late
2021
20 d early
2020
44 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€248k▼ 15.3%
2024 · €293k
2018: €636k
2019: €646k
2020: €425k
2021: €494k
2022: €592k
2023: €538k
2024: €293k
2018 → 2025
Total assets
€543k▼ 1.0%
2024 · €548k
2018: €1.05M
2019: €873k
2020: €620k
2021: €722k
2022: €878k
2023: €801k
2024: €548k
2018 → 2025
Net result
€-45k▲ 81.6%
2024 · €-245k
2018: €-10k
2019: €10k
2020: €-221k
2021: €68k
2022: €98k
2023: €-54k
2024: €-245k
2018 → 2025
Working capital
€170k▼ 12.9%
2024 · €195k
2018: €357k
2019: €393k
2020: €360k
2021: €424k
2022: €502k
2023: €422k
2024: €195k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€494k-€592k▲ 20.0%€538k▼ 9.1%€293k▼ 45.5%€248k▼ 15.3%
Operating result€69k-€94k▲ 36.6%€-57k€-244k▼ 327%€-38k▲ 84.4%
Net result€68k-€98k▲ 44.0%€-54k€-245k▼ 353%€-45k▲ 81.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €244k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543k
Fixed assets
€81k ▼ 34.0%
Current assets
€462k ▲ 8.5%
Equity and liabilities €543k
Equity
€248k ▼ 15.3%
Debt
€294k ▲ 15.5%
Debt's share of the balance-sheet total rises from 46.5% to 54.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €-188k
Cash flow
€12k▲
2024 · €-189k
Current ratio
1.58▼
2024 · 1.84
Quick ratio
0.62▼
2024 · 0.68
Debt to equity
1.19▲
2024 · 0.87
ROE
-18.1%▲
2024 · -83.3%
ROA
-8.3%▲
2024 · -44.6%
Interest coverage
2.08▲
2024 · -45.31
Debt ≤ 1 year
€292k▲
2024 · €231k
Debt > 1 year
€2k▼
2024 · €24k
Income taxes
€743▼
2024 · €774
Staff costs
€544k▼
2024 · €621k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€548k€543k▼
Fixed assets21/28€123k€81k▼
Tangible fixed assets22/27€119k€78k▼
Furniture and vehicles24€51k€23k▼
Other tangible fixed assets26€64k€54k▼
Assets under construction and advance payments27€5k-
Financial fixed assets28€4k€4k=
Current assets29/58€426k€462k▲
Stocks and contracts in progress3€269k€280k▲
Stocks30/36€269k€280k▲
Amounts receivable within one year40/41€69k€71k▲
Trade receivables40€41k€54k▲
Other amounts receivable41€28k€17k▼
Cash at bank and in hand54/58€60k€63k▲
Deferred charges and accrued income490/1€28k€48k▲
Equity and liabilities
Total equity and liabilities10/49€548k€543k▼
Equity10/15€293k€248k▼
Contributions10/11€50k€50k=
Reserves13€243k€198k▼
Tax-exempt reserves132€74k€74k=
Distributable reserves133€169k€124k▼
Amounts payable17/49€255k€294k▲
Amounts payable after more than one year17€24k€2k▼
Financial debts170/4€24k€2k▼
Amounts payable within one year42/48€231k€292k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Financial debts43€83k€92k▲
Credit institutions430/8€83k€92k▲
Trade debts44€70k€94k▲
Suppliers440/4€70k€94k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€53k€23k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€44k€13k▼
Other amounts payable47/48-€61k
Accrued charges and deferred income492/3-€128
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€621k€544k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€57k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€6k▲
Other operating charges640/8€9k€10k▲
Non-recurring operating charges66A€17k€2k▼
Gross operating margin9900€461k€581k▲
Operating profit (loss)9901€-244k€-38k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€-244k€-44k▲
Income taxes67/77€774€743▼
Profit (loss) for the period9904€-245k€-45k▲
Profit (loss) for the period to be appropriated9905€-245k€-45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-245k€-45k▲
Transfer from equity791/2€245k€45k▼
Social balance
Average headcount (FTE)90877.97.5▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-245k
Net result drops to €-245k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €98k ▲44%
Operating result €94k, net result €98k, both a record.
31-12
Financial
Equity above €500kEq €592k ▲20%
2 profitable years in a row build equity to €592k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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.
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Directors · office · real estate
Directors
4 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, Schoten · 2 establishment units since 1995
Ground area
2,731 m²
Building footprint
1,448 m²
Volume, LiDAR
6,360 m³
2 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ALPHA HEATING - WARM WONEN
since 19952.074.338.268
Alpha Heating
since 20162.249.546.596
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11442C0294/00G004 | Flanders | 1,806 m² | 1 · 1,296 m² | 11.6 m · 1 fl. |
| 11442C0452/00H004 | Flanders | 925 m² | 1 · 151 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 2 entries · 1,273 EUR awarded · 1,273 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 188 EUR | 188 EUR |
| 2023 | 1 | 1,085 EUR | 1,085 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,676 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
Founded10-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.