ALPHABATI
ActiveSummary
ALPHABATI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,602 and a net result of -€2,663. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▼-69
Solvency33▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.75 against 1.18 in 2023; short-term debt: 43.2% and cash: 7.8% of total assets), and 91.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
8.1%
Return on assets
-3.9%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 13%
← 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
55 d late
2022
33 d early
2021
92 d late
2020
25 d late
2019
75 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 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#10 oldest company in Modave, Construction sector
Equity
€5,602▼ 32.2%
2023 · €8,265
Total assets
€68,755▲ 76.5%
2023 · €38,954
Net result
-€2,663
2023 · €12,094
Working capital
-€7,393
2023 · €5,136
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result-€3,101€5,632-€2,345€12,413-€1,745
Net result-€3,405below the sector's middle half€4,651within the sector's middle half-€3,105below the sector's middle half€12,094within the sector's middle half-€2,663below the sector's middle half
Equity-€5,375below the sector's middle half▼ 173%-€724below the sector's middle half▲ 86.5%-€3,829below the sector's middle half▼ 429%€8,265below the sector's middle half€5,602below the sector's middle half▼ 32.2%
Total assets€37,687below the sector's middle half▼ 44.7%€31,558below the sector's middle half▼ 16.3%€40,235below the sector's middle half▲ 27.5%€38,954below the sector's middle half▼ 3.2%€68,755within the sector's middle half▲ 76.5%
Debt€43,062▼ 38.6%€32,282▼ 25.0%€44,064▲ 36.5%€30,689▼ 30.4%€63,154▲ 106%
Working capital-€16,692▼ 189%-€7,722▲ 53.7%-€6,094▲ 21.1%€5,136-€7,393
Solvency-14.3%below the sector's middle half▼ 11.4pp-2.3%below the sector's middle half▲ 12.0pp-9.5%below the sector's middle half▼ 7.2pp21.2%below the sector's middle half▲ 30.7pp8.1%below the sector's middle half▼ 13.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,745 after €12,413 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,755
Fixed assets
€46,448 ▲ 749%
Current assets
€22,308 ▼ 33.4%
Equity and liabilities €68,755
Equity
€5,602 ▼ 32.2%
Debt
€63,154 ▲ 106%
Debt's share of the balance-sheet total rises from 78.8% to 91.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,992▼
2023 · €14,987
Cash flow
€1,074▼
2023 · €14,668
Current ratio
0.75▼
2023 · 1.18
Quick ratio
0.74▼
2023 · 1.03
Debt to equity
11.27▲
2023 · 3.71
ROE
-47.5%▼
2023 · 146.3%
ROA
-3.9%▼
2023 · 31.0%
Interest coverage
2.07▼
2023 · 46.87
Debt ≤ 1 year
€29,701▲
2023 · €28,348
Debt > 1 year
€33,453▲
2023 · €2,341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 1,038 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €61,595 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,464 | €7,250 | €5,282 | €2,574 | €3,737 | ▲ 45.2% |
| Other operating charges640/8 | - | €2,848 | €362 | €384 | €2,047 | ▲ 432% |
| Gross operating margin9900 | €9,708 | €15,730 | €3,299 | €15,372 | €4,039 | ▼ 73.7% |
| Operating profit (loss)9901 | -€3,101 | €5,632 | -€2,345 | €12,413 | -€1,745 | ▼ 114% |
| Financial income75/76B | - | €1 | - | €1 | €45 | ▲ 5,383% |
| Recurring financial income75 | - | €1 | - | €1 | €45 | ▲ 5,383% |
| Non-recurring financial income76B | - | €1 | - | - | - | - |
| Financial charges65/66B | - | €982 | €760 | €320 | €963 | ▲ 201% |
| Recurring financial charges65 | €304 | €982 | €760 | €320 | €963 | ▲ 201% |
| Profit (loss) for the period before taxes9903 | -€3,405 | €4,651 | -€3,105 | €12,094 | -€2,663 | ▼ 122% |
| Income taxes67/77 | - | €0 | - | €0 | - | - |
| Profit (loss) for the period9904 | -€3,405 | €4,651 | -€3,105 | €12,094 | -€2,663 | ▼ 122% |
| Profit (loss) for the period to be appropriated9905 | -€3,405 | €4,651 | -€3,105 | €12,094 | -€2,663 | ▼ 122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,687 | €31,558 | €40,235 | €38,954 | €68,755 | ▲ 76.5% |
| Fixed assets21/28 | €12,244 | €6,998 | €2,266 | €5,470 | €46,448 | ▲ 749% |
| Tangible fixed assets22/27 | €10,244 | €6,998 | €2,266 | €5,470 | €46,448 | ▲ 749% |
| Plant, machinery and equipment23 | - | €4,439 | €2,266 | €2,558 | €2,547 | ▼ 0.4% |
| Furniture and vehicles24 | - | - | - | - | €1,356 | - |
| Leasing and similar rights25 | - | €2,558 | - | €2,912 | €42,544 | ▲ 1,361% |
| Financial fixed assets28 | €2,000 | - | - | - | - | - |
| Current assets29/58 | €25,443 | €24,560 | €37,970 | €33,484 | €22,308 | ▼ 33.4% |
| Stocks and contracts in progress3 | €492 | €377 | €18,300 | €4,200 | €422 | ▼ 89.9% |
| Stocks30/36 | - | €377 | €13,300 | €4,200 | €422 | ▼ 89.9% |
| Contracts in progress37 | - | - | €5,000 | - | - | - |
| Amounts receivable within one year40/41 | €13,882 | €12,795 | €15,414 | €16,268 | €12,478 | ▼ 23.3% |
| Trade receivables40 | - | €11,893 | €11,780 | €14,027 | €11,078 | ▼ 21.0% |
| Other amounts receivable41 | - | €902 | €3,634 | €2,240 | €1,400 | ▼ 37.5% |
| Current investments50/53 | €4,001 | - | - | - | €88 | - |
| Cash at bank and in hand54/58 | €6,996 | €11,236 | €3,984 | €12,344 | €5,363 | ▼ 56.6% |
| Deferred charges and accrued income490/1 | - | €151 | €272 | €672 | €3,956 | ▲ 489% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,687 | €31,558 | €40,235 | €38,954 | €68,755 | ▲ 76.5% |
| Equity10/15 | -€5,375 | -€724 | -€3,829 | €8,265 | €5,602 | ▼ 32.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,360 | €4,360 | €4,360 | €4,360 | €4,360 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €2,500 | €2,500 | €4,360 | €4,360 | = |
| Profit (loss) carried forward14 | -€28,335 | -€23,684 | -€26,789 | -€14,695 | -€17,358 | ▼ 18.1% |
| Amounts payable17/49 | €43,062 | €32,282 | €44,064 | €30,689 | €63,154 | ▲ 106% |
| Amounts payable after more than one year17 | €926 | - | - | €2,341 | €33,453 | ▲ 1,329% |
| Financial debts170/4 | - | - | - | €2,341 | €33,453 | ▲ 1,329% |
| Amounts payable within one year42/48 | €42,135 | €32,282 | €44,064 | €28,348 | €29,701 | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €7,264 | - | €1,199 | €8,141 | ▲ 579% |
| Trade debts44 | €1,037 | €3,818 | €4,348 | €2,062 | €1,652 | ▼ 19.9% |
| Suppliers440/4 | - | €3,818 | €4,348 | €2,062 | €1,652 | ▼ 19.9% |
| Advances received on contracts in progress46 | - | - | €19,148 | €5,857 | - | - |
| Taxes, remuneration and social security45 | - | €517 | €352 | - | €405 | - |
| Taxes450/3 | - | €517 | €352 | - | €405 | - |
| Other amounts payable47/48 | - | €20,682 | €20,215 | €19,230 | €19,503 | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,405 | €4,651 | -€3,105 | €12,094 | -€2,663 | ▼ 122% |
| + Depreciation and write-downs630 | €12,464 | €7,250 | €5,282 | €2,574 | €3,737 | ▲ 45.2% |
| Operating cash flow (approximation) | €9,060 | €11,900 | €2,177 | €14,668 | €1,074 | ▼ 92.7% |
| Investment in fixed assets (approximation) | - | -€2,004 | -€550 | -€5,779 | -€44,715 | ▼ 674% |
| Change in cash | - | €4,240 | -€7,253 | €8,360 | -€6,981 | ▼ 184% |
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 · micro schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Back to profitnet €12,094
Net result €12,094 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €4,651
Net result €4,651 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
31-12
Financial
Back to profitnet €2,094
Net result €2,094 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 44 days late
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, Modave · 1 establishment unit since 2007
Ground area
1,468 m²
Building footprint
183 m²
Volume, LiDAR
1,020 m³
Parcel 61049B0001/00F000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HECK-HER-MAN
since 20072.164.028.824
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61049B0001/00F000 | Wallonia | 1,468 m² | 1 · 183 m² | 7.7 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 15,521 companies in sector 43990 we hold annual accounts for 7,423. 2,961 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
Founded27-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
81300Landscape service activities
Contact
E-mail
alphabati@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890400414
Also
9925:BE0890400414
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.