ALPHAPLAN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-04-2026 PDF all 25 filings
Turnover
≈ €510,000
Estimated: probably between €420,000 and €720,000
Total assets
€1.8m▼ 5.0%
2024 · €1.8m
Net result
€237,781▼ 35.4%
2024 · €367,875
Working capital
€1.2m▲ 28.9%
2024 · €912,120
In the rankings
#2 company by equity in Hulshout, Administrative and support services sector#3 company by total assets in Hulshout, Administrative and support services sector#4 oldest company in Hulshout, Administrative and support services sector
Multi-year overview
2019 to 2025, 8 financial yearsOperating result
€314,938
▼ 40.8%
2025
20192025
Net result
€237,781
▼ 35.4%
2025
highest quarter of the sector
20192025
Equity
€1.2m
▲ 24.5%
2025
highest quarter of the sector
20192025
Total assets
€1.8m
▼ 5.0%
2025
highest quarter of the sector
20192025
Debt
€544,281
▼ 37.7%
2025
20192025
Working capital
€1.2m
▲ 28.9%
2025
highest quarter of the sector
20192025
Solvency
69.0%
▲ 16.3pp
2025
middle half of the sector
20192025
Current ratio
3.16
▲ 1.12
2025
middle half of the sector
20192025
Return on assets (ROA)
13.6%
▼ 6.4pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420242025
Operating result-€0.02m--€0.1m▼ 450%€0.05m€0.07m▲ 45.4%€0.3m▲ 246%€0.2m▼ 23.1%€0.5m-€0.3m▼ 40.8%
Net result-€0.02m--€0.1m▼ 492%€0.04mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 9.6%€0.2mabove the sector's middle half▲ 281%€0.1mwithin the sector's middle half▼ 34.1%€0.4mabove the sector's middle half-€0.2mabove the sector's middle half▼ 35.4%
Equity€0.5m-€0.3m▼ 25.7%€0.4mwithin the sector's middle half▲ 11.7%€0.4mwithin the sector's middle half▲ 11.5%€0.6mwithin the sector's middle half▲ 39.3%€0.7mwithin the sector's middle half▲ 18.6%€1.0mwithin the sector's middle half-€1.2mabove the sector's middle half▲ 24.5%
Total assets€1.0m-€0.9m▼ 11.2%€0.9mwithin the sector's middle half▼ 2.3%€1.2mwithin the sector's middle half▲ 38.9%€1.5mwithin the sector's middle half▲ 20.7%€1.5mwithin the sector's middle half=€1.8mwithin the sector's middle half-€1.8mabove the sector's middle half▼ 5.0%
Debt€0.5m-€0.6m▲ 1.2%€0.5m▼ 11.2%€0.8m▲ 60.7%€0.9m▲ 10.5%€0.8m▼ 12.8%€0.9m-€0.5m▼ 37.7%
Working capital€0.3m-€0.2m▼ 47.5%€0.2mwithin the sector's middle half▲ 50.6%€0.3mwithin the sector's middle half▲ 11.6%€0.5mabove the sector's middle half▲ 85.1%€0.6mabove the sector's middle half▲ 31.9%€0.9mabove the sector's middle half-€1.2mabove the sector's middle half▲ 28.9%
Solvency46.2%-38.7%▼ 7.5pp44.3%within the sector's middle half▲ 5.6pp35.5%within the sector's middle half▼ 8.7pp41.0%within the sector's middle half▲ 5.5pp48.6%within the sector's middle half▲ 7.6pp52.7%within the sector's middle half-69.0%within the sector's middle half▲ 16.3pp
Current ratio1.55-1.28▼ 0.261.48within the sector's middle half▲ 0.201.33within the sector's middle half▼ 0.151.56within the sector's middle half▲ 0.231.85within the sector's middle half▲ 0.292.04within the sector's middle half-3.16within the sector's middle half▲ 1.12
Return on assets (ROA)-2.0%--13.4%▼ 11.4pp4.6%within the sector's middle half▲ 18.0pp3.7%within the sector's middle half▼ 1.0pp11.5%within the sector's middle half▲ 7.9pp7.6%within the sector's middle half▼ 3.9pp19.9%above the sector's middle half-13.6%within the sector's middle half▼ 6.4pp
Staff (FTE)14.3-12.8▼ 10.5%10.5above the sector's middle half▼ 18.0%10.4above the sector's middle half▼ 1.0%8.2above the sector's middle half▼ 21.2%0within the sector's middle half▼ 100%0within the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Several financial years end in the same calendar year, so there is no annual trend.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€34,529 ▼ 42.5%
Current assets
€1.7m ▼ 3.7%
Equity and liabilities €1.8m
Equity
€1.2m ▲ 24.5%
Debt
€544,281 ▼ 37.7%
Debt's share of the balance-sheet total falls from 47.3% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€340,583▼
2024 · €590,049
Cash flow
€263,425▼
2024 · €426,370
Debt to equity
0.45▼
2024 · 0.90
ROE
19.7%▼
2024 · 37.8%
Interest coverage
93.91▼
2024 · over 100
Debt ≤ 1 year
€544,281▼
2024 · €873,747
Income taxes
€110,464▼
2024 · €181,625
Staff costs
€0▼
2024 · €1,160
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 30-09-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 9 | 8 | - |
| full-time | 8 | 6 | - |
| part-time | 1 | 2 | - |
| in full-time equivalents | 8.8 | 7.7 | - |
| Average over the year, in full-time equivalents | 10.4 | 8.2 | 0 |
| On a permanent contract | 9 | 8 | - |
| Joined | 2 | 2 | - |
| Left | 3 | 11 | - |
| Training hours | 4 | 384 | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €71,842 | €8,534 | €2,000 | €2,000 | - |
| Financial fixed assets | - | - | - | - | €150 |
| Depreciation and write-downs of the year | €54,486 | €62,380 | €45,111 | €58,495 | €25,645 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €2,177 awarded · €2,177 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €1,320 |
| 2022 | 1 | €2,177 | €857 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €165 | €165 | €0.001m | ▲ 656% |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.4m | €0.001m | €0.001m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.08m | €0.06m | €0.05m | €0.06m | €0.05m | €0.06m | €0.03m | ▼ 56.2% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.002m | €0.002m | €0.002m | €425 | ▼ 78.3% |
| Gross operating margin9900 | €1.1m | €0.8m | €0.9m | €0.9m | €0.7m | €0.2m | €0.6m | €0.3m | ▼ 42.5% |
| Operating profit (loss)9901 | -€0.02m | -€0.1m | €0.05m | €0.07m | €0.3m | €0.2m | €0.5m | €0.3m | ▼ 40.8% |
| Financial income75/76B | - | - | - | €0.01m | €0.04m | €0.009m | €0.02m | €0.04m | ▲ 76.3% |
| Recurring financial income75 | €0.02m | €0.02m | €0.01m | €0.01m | €0.04m | €0.009m | €0.02m | €0.04m | ▲ 76.3% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.001m | €0.003m | €0.004m | ▲ 20.9% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.02m | €0.01m | €0.01m | €0.001m | €0.003m | €0.004m | ▲ 20.9% |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.1m | €0.04m | €0.07m | €0.3m | €0.2m | €0.5m | €0.3m | ▼ 36.6% |
| Income taxes67/77 | €0.004m | €0.002m | €0.003m | €0.03m | €0.1m | €0.09m | €0.2m | €0.1m | ▼ 39.2% |
| Profit (loss) for the period9904 | -€0.02m | -€0.1m | €0.04m | €0.04m | €0.2m | €0.1m | €0.4m | €0.2m | ▼ 35.4% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | -€0.1m | €0.04m | €0.04m | €0.2m | €0.1m | €0.4m | €0.2m | ▼ 35.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €1.2m | €1.5m | €1.5m | €1.8m | €1.8m | ▼ 5.0% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.06m | €0.03m | ▼ 42.5% |
| Intangible fixed assets21 | €0.03m | €0.09m | €0.06m | €0.04m | €0.02m | €0.002m | €0.001m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.09m | €0.1m | €0.1m | €0.07m | €0.06m | €0.03m | ▼ 41.9% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.09m | €0.07m | €0.06m | €0.03m | ▼ 42.4% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.005m | €0.005m | €0.004m | €0.003m | ▼ 34.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €200 | ▲ 300% |
| Current assets29/58 | €0.8m | €0.7m | €0.7m | €1.1m | €1.4m | €1.4m | €1.8m | €1.7m | ▼ 3.7% |
| Amounts receivable within one year40/41 | €0.8m | €0.7m | €0.7m | €1.0m | €1.4m | €1.4m | €1.7m | €1.7m | ▼ 0.1% |
| Trade receivables40 | - | - | - | €0.3m | €0.09m | €0.5m | €0.7m | €0.3m | ▼ 60.6% |
| Other amounts receivable41 | - | - | - | €0.7m | €1.3m | €0.9m | €1.0m | €1.4m | ▲ 41.3% |
| Cash at bank and in hand54/58 | €0.007m | €0.007m | €0.008m | €0.05m | €0.007m | €0.02m | €0.07m | €0.007m | ▼ 90.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €1.2m | €1.5m | €1.5m | €1.8m | €1.8m | ▼ 5.0% |
| Equity10/15 | €0.5m | €0.3m | €0.4m | €0.4m | €0.6m | €0.7m | €1.0m | €1.2m | ▲ 24.5% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | €1.0m | €1.2m | ▲ 24.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.7m | €1.0m | €1.2m | ▲ 24.6% |
| Profit (loss) carried forward14 | -€0.02m | -€0.1m | -€0.1m | -€0.06m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.5m | €0.6m | €0.5m | €0.8m | €0.9m | €0.8m | €0.9m | €0.5m | ▼ 37.7% |
| Amounts payable after more than one year17 | €318 | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.5m | €0.8m | €0.9m | €0.8m | €0.9m | €0.5m | ▼ 37.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0 | - | - | - | - |
| Financial debts43 | - | - | - | - | €0.004m | €0 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €0.004m | €0 | €0 | - | - |
| Trade debts44 | €0.07m | €0.5m | €0.4m | €0.5m | €0.7m | €0.7m | €0.6m | €0.5m | ▼ 28.4% |
| Suppliers440/4 | - | - | - | €0.5m | €0.7m | €0.7m | €0.6m | €0.5m | ▼ 28.4% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.1m | €0.08m | €0.2m | €0.01m | ▼ 93.8% |
| Taxes450/3 | - | - | - | €0.05m | €0.1m | €0.08m | €0.2m | €0.01m | ▼ 93.8% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.04m | €0 | €0.07m | €0.08m | ▲ 23.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,323 | -€120,232 | €40,773 | €44,702 | €170,336 | €112,257 | €367,875 | €237,781 | ▼ 35.4% |
| + Depreciation and write-downs630 | €65,326 | €78,191 | €57,729 | €54,486 | €62,380 | €45,111 | €58,495 | €25,645 | ▼ 56.2% |
| Operating cash flow (approximation) | €45,003 | -€42,041 | €98,502 | €99,187 | €232,715 | €157,368 | €426,370 | €263,425 | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | -€99,650 | -€19,103 | -€71,842 | -€8,534 | -€2,000 | - | -€150 | - |
| Change in cash | - | €100 | €585 | €41,837 | -€42,566 | €9,904 | - | -€63,659 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ALPHAPLAN has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ALPHAPLAN itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for ALPHAPLAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-04-2026 | 2026-00087785 | |
| 30-09-2024 | abbreviated format | 29-04-2025 | 2025-00079453 | |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00521883 | |
| 31-03-2023 | abbreviated format | 30-11-2023 | 2023-00520428 | |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20475386 | |
| 31-03-2021 | abbreviated format | 26-10-2021 | 2021-73100102 | |
| 31-03-2020 | abbreviated format | 10-11-2020 | 2020-69600186 | |
| 31-03-2019 | abbreviated format | 10-10-2019 | 2019-69900349 | |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71000269 | |
| 31-03-2017 | abbreviated format | 30-10-2017 | 2017-69200401 |