ALPHA TARGET
ActiveSummary
ALPHA TARGET has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,000 and a net result of €14,884. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency42▼-12
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
17.3%
Return on assets
51.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8101 sector peers (2024).
NBB · sector comparisonPosition among 8101 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
19 d early
2022
11 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€5,000▲ 7.3%
2023 · €4,661
Total assets
€28,974▲ 79.0%
2023 · €16,186
Net result
€14,884▲ 98.6%
2023 · €7,495
Working capital
€5,000▲ 19.5%
2023 · €4,185
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line2021202220232024
Operating result-€1,369--€5,527▼ 304%€9,420€19,566▲ 108%
Net result-€1,434below the sector's middle half--€6,400below the sector's middle half▼ 346%€7,495within the sector's middle half€14,884within the sector's middle half▲ 98.6%
Equity€3,566below the sector's middle half--€2,834below the sector's middle half€4,661below the sector's middle half€5,000below the sector's middle half▲ 7.3%
Total assets€11,992below the sector's middle half-€7,886below the sector's middle half▼ 34.2%€16,186below the sector's middle half▲ 105%€28,974below the sector's middle half▲ 79.0%
Debt€8,425-€10,721▲ 27.2%€11,525▲ 7.5%€23,974▲ 108%
Working capital€989--€4,285€4,185€5,000▲ 19.5%
Solvency29.7%within the sector's middle half--35.9%below the sector's middle half▼ 65.7pp28.8%within the sector's middle half▲ 64.7pp17.3%below the sector's middle half▼ 11.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 108% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €28,974
Equity
€5,000 ▲ 7.3%
Debt
€23,974 ▲ 108%
Debt's share of the balance-sheet total rises from 71.2% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,042▲
2023 · €10,471
Cash flow
€15,360▲
2023 · €8,546
Current ratio
1.21▼
2023 · 1.36
Debt to equity
4.79▲
2023 · 2.47
ROE
297.7%▲
2023 · 160.8%
ROA
51.4%▲
2023 · 46.3%
Interest coverage
21.48▲
2023 · 7.08
Debt ≤ 1 year
€23,974▲
2023 · €11,525
Income taxes
€4,306▲
2023 · €445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,703 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €575 | €1,051 | €1,051 | €476 | ▼ 54.7% |
| Other operating charges640/8 | €783 | €609 | €548 | €1,043 | ▲ 90.2% |
| Gross operating margin9900 | -€10 | -€3,867 | €11,019 | €21,085 | ▲ 91.4% |
| Operating profit (loss)9901 | -€1,369 | -€5,527 | €9,420 | €19,566 | ▲ 108% |
| Financial income75/76B | - | - | - | €557 | - |
| Recurring financial income75 | - | - | - | €557 | - |
| Financial charges65/66B | €65 | €765 | €1,479 | €933 | ▼ 36.9% |
| Recurring financial charges65 | €65 | €765 | €1,479 | €933 | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | -€1,434 | -€6,292 | €7,940 | €19,190 | ▲ 142% |
| Income taxes67/77 | - | €109 | €445 | €4,306 | ▲ 867% |
| Profit (loss) for the period9904 | -€1,434 | -€6,400 | €7,495 | €14,884 | ▲ 98.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,434 | -€6,400 | €7,495 | €14,884 | ▲ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,992 | €7,886 | €16,186 | €28,974 | ▲ 79.0% |
| Fixed assets21/28 | €2,577 | €1,527 | €476 | - | - |
| Tangible fixed assets22/27 | €2,577 | €1,527 | €476 | - | - |
| Furniture and vehicles24 | €2,577 | €1,527 | €476 | - | - |
| Current assets29/58 | €9,414 | €6,360 | €15,711 | €28,974 | ▲ 84.4% |
| Amounts receivable within one year40/41 | €2,146 | €6,130 | €73 | €26,886 | ▲ 36,730% |
| Trade receivables40 | €2,146 | €6,130 | €73 | - | - |
| Other amounts receivable41 | - | - | - | €26,886 | - |
| Cash at bank and in hand54/58 | €7,268 | €197 | €15,567 | €1,900 | ▼ 87.8% |
| Deferred charges and accrued income490/1 | - | €32 | €71 | €188 | ▲ 166% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,992 | €7,886 | €16,186 | €28,974 | ▲ 79.0% |
| Equity10/15 | €3,566 | -€2,834 | €4,661 | €5,000 | ▲ 7.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€1,434 | -€7,834 | -€339 | - | - |
| Amounts payable17/49 | €8,425 | €10,721 | €11,525 | €23,974 | ▲ 108% |
| Amounts payable within one year42/48 | €8,425 | €10,645 | €11,525 | €23,974 | ▲ 108% |
| Trade debts44 | €5,189 | €2,328 | €3,345 | €4,854 | ▲ 45.1% |
| Suppliers440/4 | €5,189 | €2,328 | €3,345 | €4,854 | ▲ 45.1% |
| Taxes, remuneration and social security45 | €1,195 | €2,668 | €4,932 | €2,349 | ▼ 52.4% |
| Taxes450/3 | €1,195 | €2,668 | €4,932 | €2,349 | ▼ 52.4% |
| Other amounts payable47/48 | €2,042 | €5,649 | €3,249 | €16,770 | ▲ 416% |
| Accrued charges and deferred income492/3 | - | €76 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,434 | -€6,400 | €7,495 | €14,884 | ▲ 98.6% |
| + Depreciation and write-downs630 | €575 | €1,051 | €1,051 | €476 | ▼ 54.7% |
| Operating cash flow (approximation) | -€858 | -€5,350 | €8,546 | €15,360 | ▲ 79.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€7,071 | €15,370 | -€13,667 | ▼ 189% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €14,884 ▲98.6%
Operating result €19,566, net result €14,884, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €7,495
Net result €7,495 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.60 to 1.36.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€6,400
Net result drops to -€6,400, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2020
Ground area
887 m²
Building footprint
169 m²
Volume, LiDAR
828 m³
Parcel 23582D0147/00L000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ALPHA TARGET
since 20202.311.109.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582D0147/00L000 | Flanders | 887 m² | 1 · 169 m² | 8.1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 15,595 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759571861
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.