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ALPHA'IN

Open bankruptcy
KBO/BCE: BE 0467.080.536

A bankruptcy procedure is open for ALPHA'IN according to publications in the Belgian State Gazette; curator: FRANCIS BRINGARD.

Summary

Inactive; last annual accounts for fiscal year 2020.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Hainaut, Charleroi division
Declared bankrupt
28 February 2022
Supervising judge
Pascal Flamme
Official Gazette
04-03-2022 (pdf) ↗search the document for 2022/107708

Curator

  • Francis BringardRue ’T Serclaes De Tilly 49, 6061 Montignies-Sur-Sambre- . Date provisoire de cessation de paiement : 28/02/2022f.bringard@bringard-deneve.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 30-09-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-09-2021 close30-04-2022 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 23-11-2021, 207 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 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
207 d late
2019
256 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 232 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALPHA'IN has filed 20 sets of annual accounts, the latest for fiscal year 2020.1 On 28 February 2022 the company was declared bankrupt.2

  1. 1National Bank, annual accounts 2020
  2. 2Belgian State Gazette, 04-03-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2020, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€317,354▲ 80.7%
2019 · -€1.6m
Working capital
-€1.6m▼ 30.7%
2019 · -€1.2m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020
Operating result-€1.5m--€296,347▲ 80.3%
Net result-€1.6m--€317,354▲ 80.7%
Equity-€1.5m--€1.8m▼ 21.5%
Total assets€640,453-€603,935▼ 5.7%
Debt€2.1m-€2.4m▲ 13.3%
Working capital-€1.2m--€1.6m▼ 30.7%
Staff (FTE)17.9-6.1▼ 65.9%
Why a figure moved sharply
  • 2020 Net result +81% on 2019. The previous fiscal year ran 21 months, this one 12.
  • 2020 Staff (FTE) -66% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€2.0m-€1.5m-€1.0m-€500,000€0Operating result 2019: -€1.5m-€1.5mNet result 2019: -€1.6m-€1.6mOperating result 2020: -€296,347-€296,347Net result 2020: -€317,354-€317,35420192020-€2m-€1.5m-€1m-€500,000€0Operating result 2019: -€1.5m-€1.5mNet result 2019: -€1.6m-€1.6mOperating result 2020: -€296,347-€296,000Net result 2020: -€317,354-€317,00020192020
The operating result stays negative: a loss of €296,347 in 2020 against €1.5m in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €603,935
Fixed assets €178,360 ▼ 0.5%
Current assets €425,575 ▼ 7.7%
Key figures and ratios
2020 value · change against 2019
EBITDA
-€280,193▲
2019 · -€1.5m
Cash flow
-€301,199▲
2019 · -€1.6m
Solvency
-297.2%▼
2019 · -230.7%
Current ratio
0.21▼
2019 · 0.27
Debt to equity
-0.21▲
2019 · -0.29
ROA
-52.5%▲
2019 · -256.9%
Debt ≤ 1 year
€2.0m▲
2019 · €1.7m
Debt > 1 year
€375,706▼
2019 · €434,212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 27 lines
Balance sheet Code20192020
Assets
Total assets20/58€640,453€603,935▼
Fixed assets21/28€179,291€178,360▼
Intangible fixed assets21€18,476€14,284▼
Tangible fixed assets22/27€160,545€149,368▼
Financial fixed assets28€270€14,708▲
Current assets29/58€461,162€425,575▼
Stocks and contracts in progress3€104,764-
Amounts receivable within one year40/41€327,824€346,885▲
Cash at bank and in hand54/58€28,573€44,690▲
Equity and liabilities
Total equity and liabilities10/49€640,453€603,935▼
Equity10/15-€1.5m-€1.8m▼
Contributions10/11€333,600-
Reserves13€2,931€2,931=
Profit (loss) carried forward14-€1.8m-€2.1m▼
Amounts payable17/49€2.1m€2.4m▲
Amounts payable after more than one year17€434,212€375,706▼
Amounts payable within one year42/48€1.7m€2.0m▲
Trade debts44€680,583€1.1m▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,010€16,155▼
Gross operating margin9900-€408,852€112,090▲
Operating profit (loss)9901-€1.5m-€296,347▲
Recurring financial income75€9,435€243▼
Recurring financial charges65€84,779€21,249▼
Profit (loss) for the period before taxes9903-€1.6m-€317,354▲
Income taxes67/77€1,965-
Profit (loss) for the period9904-€1.6m-€317,354▲
Profit (loss) for the period to be appropriated9905-€1.6m-€317,354▲
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,010€16,155▼ 57.5%
Gross operating margin9900-€408,852€112,090▲ 127%
Operating profit (loss)9901-€1.5m-€296,347▲ 80.3%
Recurring financial income75€9,435€243▼ 97.4%
Recurring financial charges65€84,779€21,249▼ 74.9%
Profit (loss) for the period before taxes9903-€1.6m-€317,354▲ 80.7%
Income taxes67/77€1,965--
Profit (loss) for the period9904-€1.6m-€317,354▲ 80.7%
Profit (loss) for the period to be appropriated9905-€1.6m-€317,354▲ 80.7%
Line20192020Change
Assets
Total assets20/58€640,453€603,935▼ 5.7%
Fixed assets21/28€179,291€178,360▼ 0.5%
Intangible fixed assets21€18,476€14,284▼ 22.7%
Tangible fixed assets22/27€160,545€149,368▼ 7.0%
Financial fixed assets28€270€14,708▲ 5,348%
Current assets29/58€461,162€425,575▼ 7.7%
Stocks and contracts in progress3€104,764--
Amounts receivable within one year40/41€327,824€346,885▲ 5.8%
Cash at bank and in hand54/58€28,573€44,690▲ 56.4%
Equity and liabilities
Total equity and liabilities10/49€640,453€603,935▼ 5.7%
Equity10/15-€1.5m-€1.8m▼ 21.5%
Contributions10/11€333,600--
Reserves13€2,931€2,931=
Profit (loss) carried forward14-€1.8m-€2.1m▼ 17.5%
Amounts payable17/49€2.1m€2.4m▲ 13.3%
Amounts payable after more than one year17€434,212€375,706▼ 13.5%
Amounts payable within one year42/48€1.7m€2.0m▲ 20.2%
Trade debts44€680,583€1.1m▲ 56.9%
Line20192020Change
Profit (loss) for the period9904-€1.6m-€317,354▲ 80.7%
+ Depreciation and write-downs630€38,010€16,155▼ 57.5%
Operating cash flow (approximation)-€1.6m-€301,199▲ 81.3%
Investment in fixed assets (approximation)--€15,224-
Change in cash-€16,117-

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

2022
04-03
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 28-02-2022
2021
23-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 207 days late
11-01
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 256 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
19-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
04-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 4 days late
2014
25-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
08-07
NBB filing Annual accounts filed
fiscal year 2012 · full schema
2012
31-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
12-04
NBB filing Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
0 of 10 acts read
About the unread acts

We know of 10 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
10 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator FRANCIS BRINGARD
RUE ’T SERCLAES DE TILLY 49, 6061 MONTIGNIES-SUR-SAMBRE- . Date provisoire de cessation de paiement : 28/02/2022
28-02-2022 → present

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Dividino Belux 100%
  2. ALPHA'IN

Highest known parent: Dividino Belux. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.