ALPHATRONICS
ActiveSummary
ALPHATRONICS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €126,679. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+19
Solvency62▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.26 in 2024; short-term debt: 62.1% and cash: 3.6% of total assets), and 62.7% of the assets are financed with debt.
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Signals
Five 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.3%
Return on assets
3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
61 d late
2023
1 d early
2022
on the day
2021
31 d late
2020
31 d late
2019
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€126,679▲ 235%
2024 · €37,770
Working capital
€771,986▲ 11.4%
2024 · €692,816
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€170,849▲ 206%€160,776▼ 5.9%€211,177▲ 31.3%€107,711▼ 49.0%€237,447▲ 120%
Net result€101,287▲ 532%€78,246▼ 22.7%€112,304▲ 43.5%€37,770▼ 66.4%€126,679▲ 235%
Equity€1.2m▲ 9.1%€1.3m▲ 6.5%€1.4m▲ 8.7%€1.4m▲ 2.7%€1.6m▲ 8.8%
Total assets€3.7m▲ 8.0%€4.2m▲ 15.1%€4.1m▼ 2.3%€4.2m▲ 1.4%€4.2m▲ 0.1%
Debt€2.5m▲ 7.5%€2.9m▲ 19.4%€2.7m▼ 7.1%€2.8m▲ 0.7%€2.6m▼ 4.5%
Working capital€454,958▲ 29.4%€641,538▲ 41.0%€717,425▲ 11.8%€692,816▼ 3.4%€771,986▲ 11.4%
Staff (FTE)22.9▲ 3.2%23.8▲ 3.9%24.7▲ 3.8%23.3▼ 5.7%23.9▲ 2.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€818,216 ▲ 0.3%
Current assets
€3.4m =
Equity and liabilities €4.2m
Equity
€1.6m ▲ 8.8%
Debt
€2.6m ▼ 4.5%
Debt's share of the balance-sheet total falls from 65.7% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€277,361▲
2024 · €156,160
Cash flow
€166,593▲
2024 · €86,218
Current ratio
1.30▲
2024 · 1.26
Quick ratio
0.80▲
2024 · 0.72
Debt to equity
1.68▼
2024 · 1.91
ROE
8.1%▲
2024 · 2.6%
ROA
3.0%▲
2024 · 0.9%
Interest coverage
4.06▲
2024 · 2.01
Debt ≤ 1 year
€2.6m▼
2024 · €2.7m
Debt > 1 year
€25,331▼
2024 · €60,384
Income taxes
€62,741▲
2024 · €35,748
Staff costs
€1.9m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 14,684 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €225,000 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €1.5m | €1.7m | €2.0m | €1.9m | €1.9m | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,708 | €93,388 | €55,989 | €48,448 | €39,914 | ▼ 17.6% |
| Other operating charges640/8 | €19,203 | €25,332 | €23,082 | €23,526 | €23,951 | ▲ 1.8% |
| Non-recurring operating charges66A | €0 | - | €15,831 | €0 | - | - |
| Gross operating margin9900 | €1.8m | €1.9m | €2.3m | €2.0m | €2.2m | ▲ 9.0% |
| Operating profit (loss)9901 | €170,849 | €160,776 | €211,177 | €107,711 | €237,447 | ▲ 120% |
| Financial income75/76B | €24,504 | €21,462 | €42,455 | €43,632 | €20,321 | ▼ 53.4% |
| Recurring financial income75 | €24,504 | €21,462 | €42,455 | €43,632 | €20,321 | ▼ 53.4% |
| Financial charges65/66B | €42,336 | €51,728 | €72,548 | €77,825 | €68,348 | ▼ 12.2% |
| Recurring financial charges65 | €42,336 | €51,728 | €72,548 | €77,825 | €68,348 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €153,018 | €130,510 | €181,084 | €73,518 | €189,420 | ▲ 158% |
| Income taxes67/77 | €51,730 | €52,264 | €68,780 | €35,748 | €62,741 | ▲ 75.5% |
| Profit (loss) for the period9904 | €101,287 | €78,246 | €112,304 | €37,770 | €126,679 | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €101,287 | €78,246 | €112,304 | €37,770 | €126,679 | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €4.2m | €4.1m | €4.2m | €4.2m | ▲ 0.1% |
| Fixed assets21/28 | €859,898 | €799,520 | €775,479 | €815,891 | €818,216 | ▲ 0.3% |
| Intangible fixed assets21 | €42,433 | €22,299 | €7,284 | €2,057 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €124,236 | €83,992 | €75,696 | €121,333 | €125,491 | ▲ 3.4% |
| Land and buildings22 | €16,547 | €12,102 | €23,648 | €17,603 | €27,807 | ▲ 58.0% |
| Plant, machinery and equipment23 | €2,702 | €4,294 | €3,822 | €2,718 | €1,614 | ▼ 40.6% |
| Furniture and vehicles24 | €104,987 | €67,596 | €48,226 | €101,012 | €96,071 | ▼ 4.9% |
| Financial fixed assets28 | €693,229 | €693,229 | €692,500 | €692,500 | €692,725 | = |
| Current assets29/58 | €2.8m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Stocks and contracts in progress3 | €1.4m | €1.8m | €1.6m | €1.4m | €1.3m | ▼ 10.2% |
| Stocks30/36 | €1.3m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 10.1% |
| Contracts in progress37 | €85,000 | €35,000 | €31,607 | €36,128 | €31,627 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €1.3m | €1.5m | €1.6m | €1.8m | €1.9m | ▲ 9.1% |
| Trade receivables40 | €836,980 | €1.0m | €1.0m | €1.1m | €1.3m | ▲ 15.7% |
| Other amounts receivable41 | €422,115 | €411,507 | €561,274 | €646,272 | €631,793 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €125,554 | €185,377 | €140,106 | €154,305 | €150,253 | ▼ 2.6% |
| Deferred charges and accrued income490/1 | €13,877 | €14,041 | €21,132 | €25,750 | €17,399 | ▼ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €4.2m | €4.1m | €4.2m | €4.2m | ▲ 0.1% |
| Equity10/15 | €1.2m | €1.3m | €1.4m | €1.4m | €1.6m | ▲ 8.8% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 9.3% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 9.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €2.5m | €2.9m | €2.7m | €2.8m | €2.6m | ▼ 4.5% |
| Amounts payable after more than one year17 | €100,214 | €144,293 | €82,552 | €60,384 | €25,331 | ▼ 58.0% |
| Financial debts170/4 | €100,214 | €144,293 | €82,552 | €60,384 | €25,331 | ▼ 58.0% |
| Amounts payable within one year42/48 | €2.4m | €2.8m | €2.6m | €2.7m | €2.6m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | €329,658 | €232,135 | €211,227 | €175,620 | €149,292 | ▼ 15.0% |
| Financial debts43 | €900,000 | €900,000 | €885,000 | €725,000 | €697,000 | ▼ 3.9% |
| Credit institutions430/8 | €900,000 | €900,000 | €885,000 | €725,000 | €697,000 | ▼ 3.9% |
| Trade debts44 | €873,094 | €1.1m | €1.0m | €1.2m | €1.2m | ▲ 1.2% |
| Suppliers440/4 | €873,094 | €1.1m | €1.0m | €1.2m | €1.2m | ▲ 1.2% |
| Advances received on contracts in progress46 | - | €235,000 | €156,181 | €243,177 | €128,862 | ▼ 47.0% |
| Taxes, remuneration and social security45 | €245,688 | €332,506 | €355,414 | €296,145 | €376,856 | ▲ 27.3% |
| Taxes450/3 | €21,122 | €91,173 | €127,099 | €35,713 | €97,190 | ▲ 172% |
| Remuneration and social security454/9 | €224,566 | €241,333 | €228,315 | €260,432 | €279,665 | ▲ 7.4% |
| Other amounts payable47/48 | €11,555 | €0 | €10,438 | €7,557 | €2,604 | ▼ 65.5% |
| Accrued charges and deferred income492/3 | €5,080 | €8,957 | €10,241 | €10,440 | €310 | ▼ 97.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,287 | €78,246 | €112,304 | €37,770 | €126,679 | ▲ 235% |
| + Depreciation and write-downs630 | €93,708 | €93,388 | €55,989 | €48,448 | €39,914 | ▼ 17.6% |
| Operating cash flow (approximation) | €194,995 | €171,634 | €168,293 | €86,218 | €166,593 | ▲ 93.2% |
| Investment in fixed assets (approximation) | - | -€33,011 | -€31,948 | -€88,859 | -€42,239 | ▲ 52.5% |
| Change in cash | - | €59,823 | -€45,271 | €14,198 | -€4,052 | ▼ 129% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act
Resignation: Jasmien Vanvooren (non-statutory director)Appointment: CommV Lizali (non-statutory director) · Permanent representative: Jasmien Vanvooren · Director discharge6 facts ▸
State Gazette act
Resignation: Jasmien Vanvooren (non-statutory director)
Appointment: CommV Lizali (non-statutory director) · Permanent representative: Jasmien Vanvooren · Director discharge6 facts ▸
- General meeting, 10/03/2026
- Director resignation, Jasmien Vanvooren (non-statutory director)
- Director discharge, Jasmien Vanvooren
- Director appointment, CommV Lizali (non-statutory director)
- Permanent representative, Jasmien Vanvooren
- Mandate compensation, CommV Lizali
2025
31-12
Financial
Highest result since 2018net €126,679 ▲235%
Operating result €237,447, net result €126,679, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €16,026
Net result €16,026 after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
CommV Lizali
CurrentNon-statutory director · since 03-02-2026 · Legal entity · perm. rep.: Jasmien Vanvooren
Permanent representatives 1
Jasmien Vanvooren
CurrentPermanent representative · since 03-02-2026 · for CommV Lizali
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2001
Ground area
7,602 m²
Building footprint
1,934 m²
Volume, LiDAR
13,305 m³
Parcel 46382B1195/00N000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Brandstraat 8A, 9160 Lokeren
since 20012.035.633.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1195/00N000 | Flanders | 7,602 m² | 1 · 1,934 m² | 10.0 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CommV Lizali |
|
| Jasmien Vanvooren |
|
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
49.33%
Holdings 1
-
74.27%
According to the 2025 annual accounts of ALPHATRONICS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 51,653 EUR awarded · 55,364 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 2,077 EUR | 22,468 EUR |
| 2024 | 1 | 4,323 EUR | 9,003 EUR |
| 2023 | 3 | 44,870 EUR | 23,510 EUR |
| 2022 | 1 | 383 EUR | 383 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 3,490 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
25530Machining of metals
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433043632
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.