Skip to content

ALPHA NETWORKS

Active
Public limited companyfounded 200818 yrs activeChaussée de Nivelles 81, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0897.605.732
Summary

The computed 12-month bankruptcy probability of ALPHA NETWORKS is 3.6% (moderate). The 2024 annual accounts show negative equity (-€20.5m) and a net result of €512,573. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 5% of 1556 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ALPHA NETWORKSActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010IT consultancy NACE 62020
#3 company by total assets in Braine-l'Alleud, Telecoms and IT sector1 site
Size
€10.5mtotal assets 2024
Staff
36.6 FTE
Equity
-€20.5m
Profit
€512,573
Financial health
48 Fair Checked score 2024
Bankruptcy chance 12 m
3.6%
Structure
Parent
K.J.B. · 71.05%
Board
8 members
Holdings
4
Accounts 64 d overdue
Why 48- Liquidity: current ratio 0.67, cash €25,347, halved- Figures for FY 2024 (filed 11-10-2025)- 1 change of registered office in 24 months+ Sector Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 28% of its sector peers (NACE 62, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -195.2% of total assets
Liquidity 27-1
short-term debt 47.0% · cash 0.2%
Profitability 68+9
return on assets 4.9%
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,155 companies)
Last 24 months 11-2024: 3.4% 12-2024: 3.5%▲ +1.4% vs 11-2024 01-2025: 3.5%● 0.0% vs 12-2024 02-2025: 3.5%▲ +1.3% vs 01-2025 03-2025: 3.5%▼ -2.2% vs 02-2025 04-2025: 3.5%● 0.0% vs 03-2025 05-2025: 3.1%▼ -10.1% vs 04-2025 06-2025: 3.2%▲ +4.4% vs 05-2025 07-2025: 3.4%▲ +4.4% vs 06-2025 08-2025: 3.5%▲ +4.6% vs 07-2025 09-2025: 4.0%▲ +13.9% vs 08-2025 10-2025: 4.7%▲ +15.6% vs 09-2025highest value 11-2025: 2.4%▼ -48.1% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%● 0.0% vs 12-2025 02-2026: 2.5%▲ +3.7% vs 01-2026 03-2026: 2.5%▼ -2.4% vs 02-2026 04-2026: 2.4%▼ -1.9% vs 03-2026 05-2026: 2.3%▼ -5.3% vs 04-2026lowest value 06-2026: 2.3%▲ +2.8% vs 05-2026 07-2026: 2.4%▲ +2.8% vs 06-2026 08-2026: 2.6%▲ +7.8% vs 07-2026 09-2026: 3.0%▲ +14.7% vs 08-2026 10-2026: 3.6%▲ +19.5% vs 09-2026
  • Liquidity: current ratio 0.67, cash €25,347, halved raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Figures for FY 2024 (filed 11-10-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
No credit on open account
Liquidity short (current ratio 0.67 against 0.83 in 2023; short-term debt: 47% and cash: 0.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, small). Better than this share of them on solvency 3%, liquidity 23%, profitability 48%, growth against the median 40%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.67, cash €25,347, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Figures for FY 2024 (filed 11-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1556 sector peers (2024).
NBB · sector comparison
Position among 1556 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2023
117 d late
2022
137 d late
2021
52 d early
2020
50 d early
2019
34 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed 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
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2024 · full…
  3. Resignations: Charlotte Capucine BADIN, Olivier BADIN…Permanent representatives: Olivier BADIN and…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€20.5m View
  • Positive: Result rose in 2024from €74,047 to €512,573 ▲ 592% View
  • Caution: Among the weakest 5% on solvencysector median 42.2% · 1,556 companies -195.2% View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Controlled by K.J.B.itself parent of 4 companies 71.05% View
  • Positive: 5 profitable years in a rowprofit 2024: €512,573 5 years View

By topic

Financials

Fiscal year
2024
Total assets
€10.5m
Profit
€512,573
Solvency
-195.2%
Turnover=
Net result
20182019
Go to Financials

Timeline

Events
44
Since
2008
  1. 30-03-2026Registered office
  2. 09-10-2025Annual accounts filed
  3. 25-02-2025Resignations: Charlotte Capucine BADIN, Olivier BADIN and…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
29-04-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Toutes opérations commerciales, industrielles, financières ou de service relatives au…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

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

We would like to set cookies. That happens only with your consent. What we measure