ALPHA LOGICA
ActiveSummary
ALPHA LOGICA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-794k. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-15
Solvency23▼-55
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 1.9 in 2024; short-term debt: 102% and cash: 4.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 · 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 2025Solvency, return and age of the figures
Solvency
-2%
Return on assets
-117.3%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 filingsDeviation from the deadline
2025
26 d late
2024
50 d late
2023
30 d late
2022
25 d late
2021
59 d late
2020
61 d late
2019
32 d late
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-794k▼ 1,348%
2024 · €-55k
2018: €347k
2019: €-261k
2020: €-231k
2021: €-108k
2022: €101k
2023: €-165k
2024: €-55k
2018 → 2025
Working capital
€-164k
2024 · €637k
2018: €1.39M
2019: €1.13M
2020: €896k
2021: €790k
2022: €893k
2023: €725k
2024: €637k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€900k-€1.00M▲ 11.2%€836k▼ 16.5%€781k▼ 6.6%€-13k
Operating result€-108k-€98k€-163k€5k€-716k
Net result€-108k-€101k€-165k€-55k▲ 66.8%€-794k▼ 1,348%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €716k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €677k
Fixed assets
€151k ▲ 4.8%
Current assets
€526k ▼ 60.8%
Key figures and ratios
EBITDA
€-715k▼
2024 · €6k
Cash flow
€-793k▼
2024 · €-54k
Solvency
-2.0%▼
2024 · 52.5%
Current ratio
0.76▼
2024 · 1.90
Quick ratio
0.60▼
2024 · 1.55
Debt to equity
-52.10▼
2024 · 0.90
ROA
-117.3%▼
2024 · -3.7%
Interest coverage
-3.80▼
2024 · 0.05
Debt
€690k▼
2024 · €705k
Debt ≤ 1 year
€690k▼
2024 · €705k
Staff costs
€58k▼
2024 · €78k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.49M€677k▼
Fixed assets21/28€144k€151k▲
Tangible fixed assets22/27€104k€107k▲
Furniture and vehicles24€2k€4k▲
Other tangible fixed assets26€103k€103k=
Financial fixed assets28€40k€44k▲
Current assets29/58€1.34M€526k▼
Stocks and contracts in progress3€251k€114k▼
Stocks30/36€251k€114k▼
Amounts receivable within one year40/41€936k€371k▼
Trade receivables40€856k€327k▼
Other amounts receivable41€80k€44k▼
Cash at bank and in hand54/58€119k€33k▼
Deferred charges and accrued income490/1€36k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.49M€677k▼
Equity10/15€781k€-13k▼
Contributions10/11€711k€711k=
Capital10€711k€711k=
Issued capital100€711k€711k=
Reserves13€71k€71k=
Non-distributable reserves130/1€71k€71k=
Legal reserve130€71k€71k=
Profit (loss) carried forward14€-920€-795k▼
Amounts payable17/49€705k€690k▼
Amounts payable within one year42/48€705k€690k▼
Financial debts43€154k€428k▲
Credit institutions430/8€154k€428k▲
Trade debts44€541k€243k▼
Suppliers440/4€541k€243k▼
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€556€392▼
Remuneration and social security454/9€9k€18k▲
Other amounts payable47/48€1k€777▼
Income statement
Code20242025
Non-recurring operating income76A€398k-
Remuneration, social security and pensions62€78k€58k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€813€1k▲
Other operating charges640/8€1k€703▼
Gross operating margin9900€85k€-656k▼
Operating profit (loss)9901€5k€-716k▼
Financial income75/76B€51k€110k▲
Recurring financial income75€51k€110k▲
Financial charges65/66B€111k€188k▲
Recurring financial charges65€111k€188k▲
Profit (loss) for the period before taxes9903€-54k€-794k▼
Income taxes67/77€381-
Profit (loss) for the period9904€-55k€-794k▼
Profit (loss) for the period to be appropriated9905€-55k€-794k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-920€-795k▼
Profit (loss) brought forward from the previous period14P€54k€-920▼
Social balance
Average headcount (FTE)90871.31.0▼
The notes to these accounts (10 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-794k
Net result drops to €-794k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Back to profitnet €101k
Net result €101k after 3 loss-making years.
31-12
Financial
Equity above €1MEq €1.00M ▲11.2%
Equity rises from €900k to €1.00M.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 59 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 1995
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.
Louizalaan 651050 ElseneGround area
1,683 m²
Building footprint
2,433 m²
Volume, LiDAR
61,492 m³
Parcel 21807G0007/00R000, Brussels · tallest building 35.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
ALPHA LOGICA
since 19952.074.021.732
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 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.
Similar companies · same sector, comparable size
SARTORIUS STEDIM BELGIUM
BE 0888.466.946
Sint-Lambrechts-Woluwe · Eq €780k
BFH PROTECTION
BE 0458.107.937
Gent · Eq €778k
ARTEEL Y.
BE 0448.941.734
Rotselaar · Eq €787k
MARO MACHINES
BE 0464.943.368
Alken · Eq €774k
COMPANION
BE 0471.917.074
Oostende · Eq €772k
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 646 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 formPublic limited company
Founded27-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.