ALPHA MAINTENANCE SYSTEMS
ActiveSummary
ALPHA MAINTENANCE SYSTEMS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371,181 and a net result of €207,814. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 62% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency79▲+8
Growth70▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.24 in 2024; short-term debt: 45.7% and cash: 30.9% of total assets), and 45.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.3%
Return on assets
30.4%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
6 d early
2023
14 d early
2022
7 d early
2021
6 d early
2020
17 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.6m▲ 8.2%
2024 · €1.4m
EBIT margin
18.4%▼ 1.2pp
2024 · 19.6%
Net result
€207,814▲ 1.4%
2024 · €204,888
Working capital
€183,049▲ 83.2%
2024 · €99,943
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Turnover€1.2m▲ 5.5%€1.1m▼ 2.6%€1.3m▲ 13.9%€1.4m▲ 11.6%€1.6m▲ 8.2%
Operating result€304,371▲ 26.8%€200,908▼ 34.0%€223,224▲ 11.1%€283,186▲ 26.9%€287,128▲ 1.4%
Net result€224,853above the sector's middle half▲ 26.5%€146,118within the sector's middle half▼ 35.0%€161,041within the sector's middle half▲ 10.2%€204,888above the sector's middle half▲ 27.2%€207,814within the sector's middle half▲ 1.4%
EBIT margin26.1%▲ 4.4pp17.7%▼ 8.4pp17.2%▼ 0.4pp19.6%▲ 2.4pp18.4%▼ 1.2pp
Equity€357,320within the sector's middle half=€357,438within the sector's middle half=€358,478within the sector's middle half▲ 0.3%€363,366within the sector's middle half▲ 1.4%€371,181within the sector's middle half▲ 2.2%
Total assets€759,070within the sector's middle half▲ 17.6%€671,540within the sector's middle half▼ 11.5%€669,615within the sector's middle half▼ 0.3%€786,398within the sector's middle half▲ 17.4%€683,923within the sector's middle half▼ 13.0%
Debt€401,750▲ 39.5%€314,103▼ 21.8%€311,136▼ 0.9%€423,032▲ 36.0%€312,743▼ 26.1%
Working capital€236,070within the sector's middle half▼ 21.9%€207,247within the sector's middle half▼ 12.2%€127,887within the sector's middle half▼ 38.3%€99,943within the sector's middle half▼ 21.9%€183,049within the sector's middle half▲ 83.2%
Solvency47.1%within the sector's middle half▼ 8.3pp53.2%within the sector's middle half▲ 6.2pp53.5%within the sector's middle half▲ 0.3pp46.2%within the sector's middle half▼ 7.3pp54.3%within the sector's middle half▲ 8.1pp
Current ratio1.59within the sector's middle half▼ 0.461.66within the sector's middle half▲ 0.071.41within the sector's middle half▼ 0.251.24within the sector's middle half▼ 0.171.59within the sector's middle half▲ 0.35
Return on assets (ROA)29.6%above the sector's middle half▲ 2.1pp21.8%above the sector's middle half▼ 7.9pp24.0%above the sector's middle half▲ 2.3pp26.1%above the sector's middle half▲ 2.0pp30.4%above the sector's middle half▲ 4.3pp
Staff (FTE)4.3within the sector's middle half▼ 14.0%6.8within the sector's middle half▲ 58.1%7within the sector's middle half▲ 2.9%7.8within the sector's middle half▲ 11.4%5.6within the sector's middle half▼ 28.2%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683,923
Fixed assets
€188,132 ▼ 28.6%
Current assets
€495,791 ▼ 5.2%
Equity and liabilities €683,923
Equity
€371,181 ▲ 2.2%
Debt
€312,743 ▼ 26.1%
Debt's share of the balance-sheet total falls from 53.8% to 45.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€374,468▲
2024 · €358,189
Cash flow
€295,154▲
2024 · €279,891
Quick ratio
1.43▲
2024 · 1.15
Debt to equity
0.84▼
2024 · 1.16
ROE
56.0%▼
2024 · 56.4%
Interest coverage
847.06▼
2024 · 35429.15
Debt ≤ 1 year
€312,743▼
2024 · €423,032
Income taxes
€78,727▲
2024 · €76,601
Staff costs
€508,859▼
2024 · €578,896
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 31,370 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.2m | €1.1m | €1.3m | €1.5m | €1.6m | ▲ 7.7% |
| Turnover70 | €1.2m | €1.1m | €1.3m | €1.4m | €1.6m | ▲ 8.2% |
| Other operating income74 | €9,454 | €5,982 | €7,351 | €8,431 | €1,495 | ▼ 82.3% |
| Operating charges60/66A | €872,733 | €941,820 | €1.1m | €1.2m | €1.3m | ▲ 9.3% |
| Goods for resale, raw materials and consumables60 | €13,038 | €14,231 | €11,327 | €29,534 | €25,052 | ▼ 15.2% |
| Purchases600/8 | €20,872 | €16,034 | €32,689 | €18,948 | €36,300 | ▲ 91.6% |
| Change in stocks: decrease (increase)609 | -€7,834 | -€1,802 | -€21,362 | €10,586 | -€11,247 | ▼ 206% |
| Services and other goods61 | €599,434 | €462,560 | €514,658 | €484,731 | €655,232 | ▲ 35.2% |
| Remuneration, social security and pensions62 | €229,201 | €421,210 | €496,775 | €578,896 | €508,859 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,467 | €42,879 | €54,066 | €75,003 | €87,339 | ▲ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €192 | €365 | ▲ 89.6% |
| Other operating charges640/8 | €593 | €940 | €1,650 | €1,290 | €1,050 | ▼ 18.6% |
| Operating profit (loss)9901 | €304,371 | €200,908 | €223,224 | €283,186 | €287,128 | ▲ 1.4% |
| Financial income75/76B | €480 | - | - | - | €376 | - |
| Recurring financial income75 | €480 | - | - | - | €376 | - |
| Income from financial fixed assets750 | - | - | - | - | €376 | - |
| Other financial income752/9 | €480 | - | - | - | - | - |
| Financial charges65/66B | €429 | €388 | €835 | €1,697 | €963 | ▼ 43.2% |
| Recurring financial charges65 | €429 | €388 | €835 | €1,697 | €963 | ▼ 43.2% |
| Debt charges650 | €112 | - | €74 | €10 | €442 | ▲ 4,273% |
| Other financial charges652/9 | €317 | €388 | €761 | €1,686 | €521 | ▼ 69.1% |
| Profit (loss) for the period before taxes9903 | €304,422 | €200,520 | €222,390 | €281,489 | €286,541 | ▲ 1.8% |
| Income taxes67/77 | €79,569 | €54,402 | €61,349 | €76,601 | €78,727 | ▲ 2.8% |
| Taxes670/3 | €79,569 | €54,402 | €61,349 | €76,601 | €78,861 | ▲ 2.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €134 | - |
| Profit (loss) for the period9904 | €224,853 | €146,118 | €161,041 | €204,888 | €207,814 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €224,853 | €146,118 | €161,041 | €204,888 | €207,814 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €759,070 | €671,540 | €669,615 | €786,398 | €683,923 | ▼ 13.0% |
| Fixed assets21/28 | €121,250 | €150,191 | €230,591 | €263,423 | €188,132 | ▼ 28.6% |
| Intangible fixed assets21 | - | - | €109,432 | €90,723 | €64,824 | ▼ 28.5% |
| Tangible fixed assets22/27 | €121,121 | €150,062 | €121,030 | €172,611 | €123,218 | ▼ 28.6% |
| Plant, machinery and equipment23 | €101,108 | €136,807 | €106,222 | €127,291 | €95,426 | ▼ 25.0% |
| Furniture and vehicles24 | €20,013 | €13,254 | €14,807 | €45,320 | €27,793 | ▼ 38.7% |
| Financial fixed assets28 | €129 | €129 | €129 | €89 | €89 | = |
| Other financial fixed assets284/8 | €129 | €129 | €129 | €89 | €89 | = |
| Amounts receivable and cash guarantees285/8 | €129 | €129 | €129 | €89 | €89 | = |
| Current assets29/58 | €637,820 | €521,350 | €439,023 | €522,975 | €495,791 | ▼ 5.2% |
| Stocks and contracts in progress3 | €24,959 | €26,761 | €48,123 | €37,537 | €48,784 | ▲ 30.0% |
| Stocks30/36 | €24,959 | €26,761 | €48,123 | €37,537 | €48,784 | ▲ 30.0% |
| Goods purchased for resale34 | €24,959 | €26,761 | €48,123 | €37,537 | €48,784 | ▲ 30.0% |
| Amounts receivable within one year40/41 | €221,535 | €387,646 | €225,304 | €275,486 | €178,539 | ▼ 35.2% |
| Trade receivables40 | €172,345 | €158,561 | €166,874 | €267,575 | €163,470 | ▼ 38.9% |
| Other amounts receivable41 | €49,190 | €229,086 | €58,430 | €7,910 | €15,070 | ▲ 90.5% |
| Cash at bank and in hand54/58 | €359,018 | €69,790 | €132,989 | €164,317 | €211,422 | ▲ 28.7% |
| Deferred charges and accrued income490/1 | €32,308 | €37,153 | €32,607 | €45,636 | €57,046 | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €759,070 | €671,540 | €669,615 | €786,398 | €683,923 | ▼ 13.0% |
| Equity10/15 | €357,320 | €357,438 | €358,478 | €363,366 | €371,181 | ▲ 2.2% |
| Contributions10/11 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Reserves13 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Non-distributable reserves130/1 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Reserves not available under the articles1311 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Profit (loss) carried forward14 | €324,598 | €324,716 | €325,757 | €330,644 | €338,459 | ▲ 2.4% |
| Amounts payable17/49 | €401,750 | €314,103 | €311,136 | €423,032 | €312,743 | ▼ 26.1% |
| Amounts payable within one year42/48 | €401,750 | €314,103 | €311,136 | €423,032 | €312,743 | ▼ 26.1% |
| Trade debts44 | €132,805 | €90,713 | €61,066 | €107,742 | €50,168 | ▼ 53.4% |
| Suppliers440/4 | €132,805 | €90,713 | €61,066 | €107,742 | €50,168 | ▼ 53.4% |
| Taxes, remuneration and social security45 | €43,945 | €77,390 | €90,070 | €115,290 | €62,575 | ▼ 45.7% |
| Taxes450/3 | €5,799 | €14,303 | €17,656 | €38,483 | €20,321 | ▼ 47.2% |
| Remuneration and social security454/9 | €38,146 | €63,086 | €72,414 | €76,807 | €42,254 | ▼ 45.0% |
| Other amounts payable47/48 | €225,000 | €146,000 | €160,000 | €200,000 | €200,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224,853 | €146,118 | €161,041 | €204,888 | €207,814 | ▲ 1.4% |
| + Depreciation and write-downs630 | €30,467 | €42,879 | €54,066 | €75,003 | €87,339 | ▲ 16.4% |
| Operating cash flow (approximation) | €255,320 | €188,997 | €215,107 | €279,891 | €295,154 | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | -€71,820 | -€134,466 | -€107,835 | -€12,048 | ▲ 88.8% |
| Change in cash | - | -€289,228 | €63,199 | €31,328 | €47,105 | ▲ 50.4% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €224,853 ▲26.5%
Operating result €304,371, net result €224,853, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Sint-Pieters-Leeuw · 1 establishment unit since 1988
Ground area
1.3 ha
Building footprint
5,983 m²
Volume, LiDAR
25,007 m³
Parcel 23583F0543/00L002, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALPHA MAINTENANCE SYSTEMS AMSY
since 19882.033.079.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583F0543/00L002 | Flanders | 1.3 ha | 1 · 5,983 m² | 12.5 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.
Structure & network
Part of the group
CIPELIA
3 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- CIPELIAFR
- UNIL LUBRICANTS
- ALPHA MAINTENANCE SYSTEMS
Highest known parent: CIPELIA (France). The sources do not say who stands above it.
Owners 1
- UNIL LUBRICANTSparent100%
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.
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Identification & contact
Identification
Legal formPrivate limited company
Founded22-01-1988
Fiscal year end31-12
Abbreviation FR
AMSY
Activities, NACEBEL 2025
71209Other technical testing and analysis
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433110443
Also
9925:BE0433110443
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.