ALPHARAY
Annual accounts 2025
micro format, filed on 19-06-2026, 42 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €96,628 on 31-12-2025in euro
in euro
Position in the sector
84.7%
Higher than 81% of 21,208 companies in 2025.
6.17
Higher than 80% of 20,571 companies in 2025.
-20.3%
Higher than 8% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
96,628 | 138,234 | 87,883 | |
21/28 |
5,246 | 9,582 | 11,814 | |
22/27 |
4,846 | 9,182 | 11,414 | |
24 |
4,846 | 9,182 | 11,414 | |
28 |
400 | 400 | 400 | |
29/58 |
91,382 | 128,652 | 76,069 | |
29 |
18,753 | 24,659 | - | |
291 |
18,753 | 24,659 | - | |
40/41 |
495 | 22,264 | 21,828 | |
40 |
- | 22,264 | 21,828 | |
41 |
495 | - | - | |
54/58 |
71,754 | 81,378 | 53,520 | |
490/1 |
380 | 350 | 721 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
96,628 | 138,234 | 87,883 | |
10/15 |
81,815 | 101,432 | 64,705 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
79,315 | 98,932 | 62,205 | |
133 |
79,315 | 98,932 | 62,205 | |
17/49 |
14,813 | 36,802 | 23,178 | |
42/48 |
14,813 | 36,802 | 23,178 | |
44 |
34 | - | 25 | |
440/4 |
34 | - | 25 | |
45 |
14,779 | 36,802 | 23,153 | |
450/3 |
14,779 | 36,802 | 23,153 | |
| Income statement | ||||
9900 |
-15,156 | 55,577 | 78,035 | |
630 |
4,336 | 3,825 | - | |
640/8 |
700 | 703 | 109 | |
9901 |
-20,192 | 51,050 | 77,926 | |
75/76B |
748 | 547 | 0 | |
75 |
748 | 547 | 0 | |
65/66B |
40 | 49 | 43 | |
65 |
40 | 49 | 43 | |
9903 |
-19,485 | 51,547 | 77,883 | |
67/77 |
132 | 14,820 | 15,678 | |
9904 |
-19,617 | 36,727 | 62,205 | |
9905 |
-19,617 | 36,727 | 62,205 | |
| Appropriation of the result | ||||
9906 |
-19,617 | 36,727 | 62,205 | |
791/2 |
19,617 | - | - | |
691/2 |
- | 36,727 | 62,205 | |
6921 |
- | 36,727 | 62,205 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -15,856 | 54,874 | - | ||
| -15,281 | 40,552 | - | ||
| 0 | 13,007 | 11,814 | ||
| -9,625 | 27,859 | - | ||
| 76,569 | 91,850 | 52,891 | ||
| 84.7% | 73.4% | 73.6% | ||
| 6.17 | 3.50 | 3.28 | ||
| 0.18 | 0.36 | 0.36 | ||
| -24.0% | 36.2% | 96.1% | ||
| -20.3% | 26.6% | 70.8% | ||
| -392.48 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €13,007 | €11,414 |
| Financial fixed assets | - | - | €400 |
| €4,336 | €3,825 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ALPHARAY
The operating result for 2025 is a loss of €20,192, after a profit of €51,050 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total falls from 26.6% to 15.3%. Equity and debt are lower.