ALPHADERM
ActiveSummary
The computed 12-month bankruptcy probability of ALPHADERM is 1.6% (moderate). The 2024 annual accounts show equity of €52k and a net result of €-28k. Equity is shrinking by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 6162 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability31▲+1
Solvency29▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.41 in 2023; short-term debt: 46.3% and cash: 2.9% of total assets), and 95.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
4.4%
Return on assets
-2.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-28k
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 02-07-2025, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
48 d early
2022
39 d early
2021
11 d early
2020
16 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€52k▼ 35.2%
2023 · €80k
2020: €355k
2021: €378k▲ +6.6% vs 2020highest in 5 years
2022: €102k▼ -73.0% vs 2021
2023: €80k▼ -21.7% vs 2022
2024: €52k▼ -35.2% vs 2023lowest in 5 years
2020 → 2024
Total assets
€1.19M▼ 7.0%
2023 · €1.27M
2020: €856klowest in 5 years
2021: €1.11M▲ +29.8% vs 2020
2022: €875k▼ -21.2% vs 2021
2023: €1.27M▲ +45.6% vs 2022highest in 5 years
2024: €1.19M▼ -7.0% vs 2023
2020 → 2024
Net result
€-28k▼ 27.3%
2023 · €-22k
2020: €-1k
2021: €23k▲ +1848% vs 2020
2022: €31k▲ +31.5% vs 2021highest in 5 years
2023: €-22k▼ -172% vs 2022
2024: €-28k▼ -27.3% vs 2023lowest in 5 years
2020 → 2024
Working capital
€-332k▲ 26.8%
2023 · €-454k
2020: €143k
2021: €195k▲ +36.5% vs 2020highest in 5 years
2022: €-76k▼ -139% vs 2021
2023: €-454k▼ -501% vs 2022lowest in 5 years
2024: €-332k▲ +26.8% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€355k-€378k▲ 6.6%€102k▼ 73.0%€80k▼ 21.7%€52k▼ 35.2%
2020: €355k
2021: €378k▲ +6.6% vs 2020highest in 5 years
2022: €102k▼ -73.0% vs 2021
2023: €80k▼ -21.7% vs 2022
2024: €52k▼ -35.2% vs 2023lowest in 5 years
Operating result€9k-€31k▲ 265%€52k▲ 66.0%€1k▼ 97.7%€6k▲ 436%
2020: €9k
2021: €31k▲ +265% vs 2020
2022: €52k▲ +66.0% vs 2021highest in 5 years
2023: €1k▼ -97.7% vs 2022lowest in 5 years
2024: €6k▲ +436% vs 2023
Net result€-1k-€23k€31k▲ 31.5%€-22k€-28k▼ 27.3%
2020: €-1k
2021: €23k▲ +1848% vs 2020
2022: €31k▲ +31.5% vs 2021highest in 5 years
2023: €-22k▼ -172% vs 2022
2024: €-28k▼ -27.3% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 436% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.19M
Fixed assets
€968k ▲ 1.4%
Current assets
€217k ▼ 32.0%
Equity and liabilities €1.19M
Equity
€52k ▼ 35.2%
Provisions
€5k ▼ 24.8%
Debt
€1.13M ▼ 5.0%
Debt's share of the balance-sheet total rises from 93.2% to 95.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€69k▲
2023 · €45k
Cash flow
€35k▲
2023 · €22k
Current ratio
0.39▼
2023 · 0.41
Quick ratio
0.21▼
2023 · 0.24
Debt to equity
21.82▲
2023 · 14.87
ROE
-54.4%▼
2023 · -27.7%
ROA
-2.4%▼
2023 · -1.7%
Interest coverage
1.83▲
2023 · 1.57
Debt ≤ 1 year
€549k▼
2023 · €772k
Debt > 1 year
€580k▲
2023 · €415k
Income taxes
€667▲
2023 · €430
Staff costs
€104k▼
2023 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€1.19M▼
Fixed assets21/28€955k€968k▲
Intangible fixed assets21€696€164▼
Tangible fixed assets22/27€955k€967k▲
Land and buildings22€940k€946k▲
Plant, machinery and equipment23€5k€12k▲
Furniture and vehicles24€9k€9k▼
Financial fixed assets28-€2k
Current assets29/58€319k€217k▼
Stocks and contracts in progress3€130k€104k▼
Stocks30/36€130k€104k▼
Amounts receivable within one year40/41€154k€68k▼
Trade receivables40€134k€66k▼
Other amounts receivable41€20k€2k▼
Cash at bank and in hand54/58€31k€34k▲
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.19M▼
Equity10/15€80k€52k▼
Contributions10/11€500€500=
Reserves13€99k€96k▼
Tax-exempt reserves132€99k€96k▼
Profit (loss) carried forward14€-20k€-45k▼
Provisions and deferred taxes16€7k€5k▼
Provisions for liabilities and charges160/5€7k€5k▼
Taxes161€7k€5k▼
Amounts payable17/49€1.19M€1.13M▼
Amounts payable after more than one year17€415k€580k▲
Financial debts170/4€415k€580k▲
Amounts payable within one year42/48€772k€549k▼
Current portion of amounts payable after more than one year42€36k€49k▲
Financial debts43€284k€80k▼
Credit institutions430/8€284k€80k▼
Trade debts44€109k€46k▼
Suppliers440/4€109k€46k▼
Taxes, remuneration and social security45€20k€27k▲
Taxes450/3€412€6k▲
Remuneration and social security454/9€20k€21k▲
Other amounts payable47/48€324k€347k▲
Income statement
Code20232024
Remuneration, social security and pensions62€122k€104k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€63k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€54€2k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€171k€179k▲
Operating profit (loss)9901€1k€6k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€29k€38k▲
Recurring financial charges65€29k€38k▲
Profit (loss) for the period before taxes9903€-26k€-29k▼
Transfer from deferred taxes780€4k€2k▼
Income taxes67/77€430€667▲
Profit (loss) for the period9904€-22k€-28k▼
Transfer from tax-exempt reserves789€3k€3k=
Transfer to tax-exempt reserves689€2k-
Profit (loss) for the period to be appropriated9905€-21k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-45k▼
Profit (loss) brought forward from the previous period14P€-4k€-20k▼
Transfer from equity791/2€5k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €87k | €112k | €122k | €104k | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €64k | €43k | €44k | €63k | ▲ 42.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2k | €5k | €54 | €2k | ▲ 3,234% |
| Other operating charges640/8 | - | €1k | €1k | €4k | €3k | ▼ 5.4% |
| Gross operating margin9900 | €161k | €186k | €214k | €171k | €179k | ▲ 4.4% |
| Operating profit (loss)9901 | €9k | €31k | €52k | €1k | €6k | ▲ 436% |
| Financial income75/76B | - | €2k | €1k | €2k | €2k | ▲ 25.0% |
| Recurring financial income75 | €1k | €2k | €1k | €2k | €2k | ▲ 25.0% |
| Financial charges65/66B | - | €10k | €17k | €29k | €38k | ▲ 30.9% |
| Recurring financial charges65 | €13k | €10k | €17k | €29k | €38k | ▲ 30.9% |
| Profit (loss) for the period before taxes9903 | €-3k | €24k | €36k | €-26k | €-29k | ▼ 12.9% |
| Transfer from deferred taxes780 | - | €2k | €2k | €4k | €2k | ▼ 59.2% |
| Income taxes67/77 | €-54 | €2k | €7k | €430 | €667 | ▲ 55.1% |
| Profit (loss) for the period9904 | €-1k | €23k | €31k | €-22k | €-28k | ▼ 27.3% |
| Transfer from tax-exempt reserves789 | - | €3k | €3k | €3k | €3k | = |
| Transfer to tax-exempt reserves689 | - | - | - | €2k | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €27k | €34k | €-21k | €-25k | ▼ 16.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856k | €1.11M | €875k | €1.27M | €1.19M | ▼ 7.0% |
| Fixed assets21/28 | €539k | €476k | €437k | €955k | €968k | ▲ 1.4% |
| Intangible fixed assets21 | €2k | €2k | €1k | €696 | €164 | ▼ 76.4% |
| Tangible fixed assets22/27 | €537k | €474k | €436k | €955k | €967k | ▲ 1.3% |
| Land and buildings22 | - | €453k | €422k | €940k | €946k | ▲ 0.7% |
| Plant, machinery and equipment23 | - | €2k | €5k | €5k | €12k | ▲ 113% |
| Furniture and vehicles24 | - | €8k | €4k | €9k | €9k | ▼ 3.0% |
| Leasing and similar rights25 | - | €10k | €5k | - | - | - |
| Financial fixed assets28 | - | - | - | - | €2k | - |
| Current assets29/58 | €317k | €635k | €438k | €319k | €217k | ▼ 32.0% |
| Stocks and contracts in progress3 | €133k | €155k | €138k | €130k | €104k | ▼ 20.2% |
| Stocks30/36 | - | €155k | €138k | €130k | €104k | ▼ 20.2% |
| Amounts receivable within one year40/41 | €126k | €405k | €212k | €154k | €68k | ▼ 56.1% |
| Trade receivables40 | - | €98k | €195k | €134k | €66k | ▼ 50.7% |
| Other amounts receivable41 | - | €308k | €17k | €20k | €2k | ▼ 91.9% |
| Cash at bank and in hand54/58 | €56k | €73k | €85k | €31k | €34k | ▲ 8.9% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €3k | €11k | ▲ 273% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856k | €1.11M | €875k | €1.27M | €1.19M | ▼ 7.0% |
| Equity10/15 | €355k | €378k | €102k | €80k | €52k | ▼ 35.2% |
| Contributions10/11 | - | €307k | €500 | €500 | €500 | = |
| Reserves13 | €112k | €109k | €106k | €99k | €96k | ▼ 3.3% |
| Non-distributable reserves130/1 | - | €5k | - | - | - | - |
| Reserves not available under the articles1311 | - | €5k | - | - | - | - |
| Tax-exempt reserves132 | - | €104k | €100k | €99k | €96k | ▼ 3.3% |
| Distributable reserves133 | - | - | €5k | - | - | - |
| Profit (loss) carried forward14 | €-65k | €-38k | €-4k | €-20k | €-45k | ▼ 123% |
| Provisions and deferred taxes16 | €14k | €13k | €11k | €7k | €5k | ▼ 24.8% |
| Provisions for liabilities and charges160/5 | - | €13k | €11k | €7k | €5k | ▼ 24.8% |
| Taxes161 | - | €13k | €11k | €7k | €5k | ▼ 24.8% |
| Amounts payable17/49 | €487k | €720k | €762k | €1.19M | €1.13M | ▼ 5.0% |
| Amounts payable after more than one year17 | €313k | €280k | €249k | €415k | €580k | ▲ 39.7% |
| Financial debts170/4 | - | €280k | €249k | €415k | €580k | ▲ 39.7% |
| Amounts payable within one year42/48 | €174k | €440k | €513k | €772k | €549k | ▼ 29.0% |
| Current portion of amounts payable after more than one year42 | - | €32k | €31k | €36k | €49k | ▲ 37.3% |
| Financial debts43 | - | €25k | €25k | €284k | €80k | ▼ 71.8% |
| Credit institutions430/8 | - | €25k | €25k | €284k | €80k | ▼ 71.8% |
| Trade debts44 | €64k | €48k | €129k | €109k | €46k | ▼ 58.1% |
| Suppliers440/4 | - | €48k | €129k | €109k | €46k | ▼ 58.1% |
| Taxes, remuneration and social security45 | - | €20k | €31k | €20k | €27k | ▲ 33.9% |
| Taxes450/3 | - | €6k | €11k | €412 | €6k | ▲ 1,400% |
| Remuneration and social security454/9 | - | €14k | €20k | €20k | €21k | ▲ 5.1% |
| Other amounts payable47/48 | - | €314k | €296k | €324k | €347k | ▲ 7.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €23k | €31k | €-22k | €-28k | ▼ 27.3% |
| + Depreciation and write-downs630 | €66k | €64k | €43k | €44k | €63k | ▲ 42.3% |
| Operating cash flow (approximation) | €64k | €87k | €74k | €22k | €35k | ▲ 57.3% |
| Investment in fixed assets (approximation) | - | €-1k | €-5k | €-562k | €-76k | ▲ 86.5% |
| Change in cash | - | €17k | €11k | €-53k | €3k | ▲ 105% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €31k ▲31.5%
Operating result €52k, net result €31k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Maarkedal · 1 establishment unit since 2019
Ground area
1,198 m²
Building footprint
185 m²
Volume, LiDAR
1,231 m³
Parcel 45032A0311/00H000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALPHADERM
since 20192.292.430.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45032A0311/00H000 | Flanders | 1,198 m² | 1 · 185 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,950 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,950 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
47750Retail sale of cosmetics and toilet articles
Scores and ratios are computed by Checked and are not a credit decision.