ALPHA SIGMA

Active

Private limited company (pre-2019)founded 201016 yrs activeCharles Thielemanslaan 36, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0829.469.665

The computed 12-month bankruptcy probability of ALPHA SIGMA is 1.6% (moderate). The 2024 annual accounts show equity of €10k and a net result of €268k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 22% of 575 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+7

Solvency26=

Growth58=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.0 against 1.01 in 2023; short-term debt: 98.4% and cash: 70.3% of total assets), and 99% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 575 sector peers (2024).

NBB · sector comparison

Position among 575 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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

61 d late

2023

55 d late

2022

77 d late

2021

22 d late

2020

31 d late

2019

16 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€268k▲ 56.3%

2023 · €172k

2018: €155k 2019: €174k 2020: €321k 2021: €137k 2022: €145k 2023: €172k

2018 → 2024

Working capital

€4k▼ 39.2%

2023 · €6k

2018: €13k 2019: €-6k 2020: €-18k 2021: €-18k 2022: €-3k 2023: €6k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€10k=€10k=€10k=€10k=

Operating result€462k-€216k▼ 53.2%€222k▲ 2.9%€256k▲ 15.2%€391k▲ 52.5%

Net result€321k-€137k▼ 57.4%€145k▲ 5.8%€172k▲ 18.6%€268k▲ 56.3%

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 52% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €967k

98.7%

Fixed assets €12k▲ 109%

Current assets €955k▲ 7.1%

Equity and liabilities €967k

99.0%

Equity €10k=

Debt €958k▲ 7.9%

The debt ratio rises from 98.9% to 99.0%. Debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€395k▲

2023 · €263k

Cash flow

€273k▲

2023 · €179k

Solvency

1.0%▼

2023 · 1.1%

Current ratio

1.00▼

2023 · 1.01

Quick ratio

1.00▼

2023 · 1.01

Debt / equity

99.90▲

2023 · 92.60

ROA

27.7%▲

2023 · 19.1%

Interest coverage

1966.34▲

2023 · 1678.84

Debt

€958k▲

2023 · €888k

Debt ≤ 1 year

€952k▲

2023 · €886k

Income taxes

€122k▲

2023 · €84k

Staff costs

€3.27M▲

2023 · €3.17M

A ratio outside any meaningful range has been withheld (balance sheet total €967k, equity €10k).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€897k€967k▲

Fixed assets21/28€6k€12k▲

Tangible fixed assets22/27€4k€10k▲

Plant, machinery and equipment23€1k-

Other tangible fixed assets26€2k€10k▲

Financial fixed assets28€2k€2k=

Current assets29/58€892k€955k▲

Cash at bank and in hand54/58€670k€680k▲

Deferred charges and accrued income490/1€222k€275k▲

Equity and liabilities

Total equity and liabilities10/49€897k€967k▲

Equity10/15€10k€10k=

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€2k€2k=

Amounts payable17/49€888k€958k▲

Amounts payable within one year42/48€886k€952k▲

Trade debts44€42k€121k▲

Suppliers440/4€42k€121k▲

Taxes, remuneration and social security45€689k€632k▼

Taxes450/3€170k€206k▲

Remuneration and social security454/9€519k€426k▼

Other amounts payable47/48€155k€199k▲

Accrued charges and deferred income492/3€2k€6k▲

Income statement Code20232024

Remuneration, social security and pensions62€3.17M€3.27M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼

Other operating charges640/8€960€2k▲

Gross operating margin9900€3.44M€3.66M▲

Operating profit (loss)9901€256k€391k▲

Financial charges65/66B€157€201▲

Recurring financial charges65€157€201▲

Profit (loss) for the period before taxes9903€256k€390k▲

Income taxes67/77€84k€122k▲

Profit (loss) for the period9904€172k€268k▲

Profit (loss) for the period to be appropriated9905€172k€268k▲

Appropriation of the result

Profit (loss) to be appropriated9906€173k€270k▲

Profit (loss) brought forward from the previous period14P€2k€2k=

Profit to be distributed694/7€172k€268k▲

Return on contributions (dividend)694€172k€268k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

24-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 55 days late

2023

16-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 77 days late

2022

22-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 22 days late

2021

31-12

Financial Weakest financial yearnet €137k ▼57.4%

Net result drops to €137k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 31 days late

2020

31-12

Financial Highest result since 2018net €321k ▲84.5%

Operating result €462k, net result €321k, both a record.

15-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

06-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 6 days late

2018

06-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 6 days late

2017

19-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

06-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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-Woluwe · 3 establishment units since 2010

establishment All 3 establishment units on the map

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.

Charles Thielemanslaan 361150 Sint-Pieters-Woluwe

Ground area

1,654 m²

Building footprint

938 m²

Volume, LiDAR

10,801 m³

3 parcels, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.

3 establishment units

Alpha Sigma

Charles Thielemanslaan 36, 1150 Sint-Pieters-WoluweEmployment placement agencies

since 20102.192.082.412

ALPHA SIGMA

Eugène Plaskylaan 81-83, 1030 SchaarbeekEmployment placement agencies

since 20132.322.040.834

ALPHA SIGMA

Charles Gilisquetlaan 48, 1030 SchaarbeekEmployment placement agencies

since 20212.322.040.735

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21903B0143/00F002	Brussels	1,248 m²	1 · 580 m²	13.2 m · 3 fl.
21905C0152/00P009	Brussels	299 m²	1 · 267 m²	20.8 m · 6 fl.
21019A0145/00W000	Brussels	107 m²	1 · 90 m²	16.6 m · 5 fl.