Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €131,700 in 2024.
In 2025, 4 people joined and 5 left.
The 2025 accounts came latest: 56 days after the end of the period.
Less equity than 95% of companies in postal and courier. Sector median €29,087 · 634 companies.
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, micro). It does better than 7% of them on solvency, 6% on liquidity, 59% on profitability and 58% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,180 companies had the same profile as ALPHA MOTION has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALPHA MOTION itself: 3.7% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for ALPHA MOTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.62 (0.65 in 2024), below 1. Short-term debt is 139.6% and cash 1.6% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALPHA MOTION Antwerp | €234,251 | €203,708 | -39.6% | - |
| WOEST LOGISTICS Schoten | €209,923 | €213,777 | -127.7% | - |
| V-T Company Bilzen-Hoeselt | €216,267 | €182,816 | 63.7% | - |
| ABC NAVETTE Menen | €223,564 | €166,991 | 39.7% | - |
| VLS LOGISTIC Evere | €204,710 | €235,136 | 73.0% | - |
| ASINTIME Anderlecht | €248,975 | €268,380 | 13.8% | - |
| IDRITRANS Antwerp | €181,202 | €167,544 | 59.4% | - |
These companies have the same main activity as ALPHA MOTION: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €181,000 and €249,000, founded between 2016 and 2018.
ALPHA MOTION files the micro format. That format states no turnover. The gross margin rose from €50,069 in 2018 to €203,708 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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