ALPHAWARE
ActiveSummary
ALPHAWARE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,993 and a net result of €3,030. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-16
Solvency46▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.95 in 2024; short-term debt: 20.1% and cash: 17.3% of total assets), and 79.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
20.7%
Return on assets
0.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 17123 sector peers (2025).
NBB · sector comparisonPosition among 17123 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
64 d early
2023
54 d early
2022
48 d early
2021
38 d early
2020
39 d early
2019
38 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 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€122,993▼ 11.1%
2024 · €138,292
Total assets
€594,932▲ 15.2%
2024 · €516,492
Net result
€3,030▼ 50.1%
2024 · €6,072
Working capital
€20,738▼ 74.4%
2024 · €80,851
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€44,518▲ 15.6%€35,379▼ 20.5%€17,835▼ 49.6%€21,330▲ 19.6%€19,599▼ 8.1%
Net result€28,217▲ 33.5%€20,805▼ 26.3%€3,190▼ 84.7%€6,072▲ 90.3%€3,030▼ 50.1%
Equity€285,961▲ 10.9%€186,985▼ 34.6%€164,363▼ 12.1%€138,292▼ 15.9%€122,993▼ 11.1%
Total assets€328,461▲ 6.6%€293,953▼ 10.5%€379,226▲ 29.0%€516,492▲ 36.2%€594,932▲ 15.2%
Debt€42,500▼ 15.7%€106,968▲ 152%€214,863▲ 101%€378,200▲ 76.0%€471,939▲ 24.8%
Working capital€262,220▲ 12.4%€164,845▼ 37.1%€146,120▼ 11.4%€80,851▼ 44.7%€20,738▼ 74.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594,932
Fixed assets
€454,432 ▲ 29.7%
Current assets
€140,500 ▼ 15.4%
Equity and liabilities €594,932
Equity
€122,993 ▼ 11.1%
Debt
€471,939 ▲ 24.8%
Debt's share of the balance-sheet total rises from 73.2% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,884▼
2024 · €46,729
Cash flow
€21,315▼
2024 · €31,471
Current ratio
1.17▼
2024 · 1.95
Debt to equity
3.84▲
2024 · 2.73
ROE
2.5%▼
2024 · 4.4%
ROA
0.5%▼
2024 · 1.2%
Interest coverage
2.74▼
2024 · 4.53
Debt ≤ 1 year
€119,762▲
2024 · €85,281
Debt > 1 year
€352,177▲
2024 · €292,919
Income taxes
€3,779▼
2024 · €4,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,402 | €11,862 | €29,385 | €25,399 | €18,285 | ▼ 28.0% |
| Other operating charges640/8 | - | €897 | €1,906 | €525 | €531 | ▲ 1.1% |
| Gross operating margin9900 | €59,154 | €48,138 | €49,126 | €47,254 | €38,415 | ▼ 18.7% |
| Operating profit (loss)9901 | €44,518 | €35,379 | €17,835 | €21,330 | €19,599 | ▼ 8.1% |
| Financial income75/76B | - | - | - | - | €1,051 | - |
| Recurring financial income75 | - | - | - | - | €1,051 | - |
| Financial charges65/66B | - | €2,704 | €10,339 | €10,319 | €13,841 | ▲ 34.1% |
| Recurring financial charges65 | €1,341 | €2,704 | €10,339 | €10,319 | €13,841 | ▲ 34.1% |
| Profit (loss) for the period before taxes9903 | €43,177 | €32,675 | €7,496 | €11,011 | €6,809 | ▼ 38.2% |
| Income taxes67/77 | €14,960 | €11,870 | €4,306 | €4,939 | €3,779 | ▼ 23.5% |
| Profit (loss) for the period9904 | €28,217 | €20,805 | €3,190 | €6,072 | €3,030 | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €28,217 | €20,805 | €3,190 | €6,072 | €3,030 | ▼ 50.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328,461 | €293,953 | €379,226 | €516,492 | €594,932 | ▲ 15.2% |
| Fixed assets21/28 | €39,234 | €27,372 | €166,993 | €350,360 | €454,432 | ▲ 29.7% |
| Tangible fixed assets22/27 | €39,234 | €27,372 | €166,993 | €350,360 | €454,432 | ▲ 29.7% |
| Land and buildings22 | - | - | €151,157 | €292,326 | €407,537 | ▲ 39.4% |
| Plant, machinery and equipment23 | - | €979 | - | - | - | - |
| Furniture and vehicles24 | - | €26,393 | €15,836 | €58,034 | €46,895 | ▼ 19.2% |
| Current assets29/58 | €289,227 | €266,581 | €212,233 | €166,132 | €140,500 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €21,358 | €44,294 | €36,912 | €35,068 | €37,578 | ▲ 7.2% |
| Trade receivables40 | - | €39,083 | €25,901 | €14,605 | €16,565 | ▲ 13.4% |
| Other amounts receivable41 | - | €5,211 | €11,011 | €20,463 | €21,013 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €267,869 | €222,287 | €175,321 | €131,064 | €102,922 | ▼ 21.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328,461 | €293,953 | €379,226 | €516,492 | €594,932 | ▲ 15.2% |
| Equity10/15 | €285,961 | €186,985 | €164,363 | €138,292 | €122,993 | ▼ 11.1% |
| Contributions10/11 | - | €6,400 | €6,400 | €6,400 | €20,460 | ▲ 220% |
| Outside capital11 | - | €6,400 | €6,400 | €6,400 | €20,460 | ▲ 220% |
| Share premium1100/10 | - | - | - | - | €20,460 | - |
| Other1109/19 | - | €6,400 | €6,400 | €6,400 | - | - |
| Reserves13 | €279,561 | €180,585 | €157,963 | €131,892 | €102,533 | ▼ 22.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €178,725 | €156,103 | €130,032 | €102,533 | ▼ 21.1% |
| Amounts payable17/49 | €42,500 | €106,968 | €214,863 | €378,200 | €471,939 | ▲ 24.8% |
| Amounts payable after more than one year17 | €15,493 | €5,232 | €148,750 | €292,919 | €352,177 | ▲ 20.2% |
| Financial debts170/4 | - | €5,232 | €148,750 | €292,919 | €352,177 | ▲ 20.2% |
| Amounts payable within one year42/48 | €27,007 | €101,736 | €66,113 | €85,281 | €119,762 | ▲ 40.4% |
| Current portion of amounts payable after more than one year42 | - | €17,629 | €12,970 | €7,320 | €25,419 | ▲ 247% |
| Trade debts44 | €1,360 | €1,672 | €1,120 | €809 | €6,406 | ▲ 692% |
| Suppliers440/4 | - | €1,672 | €1,120 | €809 | €6,406 | ▲ 692% |
| Taxes, remuneration and social security45 | - | €7,158 | €7,180 | €2,915 | €2,517 | ▼ 13.7% |
| Taxes450/3 | - | €7,158 | €7,180 | €2,915 | €2,517 | ▼ 13.7% |
| Other amounts payable47/48 | - | €75,277 | €44,843 | €74,237 | €85,420 | ▲ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,217 | €20,805 | €3,190 | €6,072 | €3,030 | ▼ 50.1% |
| + Depreciation and write-downs630 | €13,402 | €11,862 | €29,385 | €25,399 | €18,285 | ▼ 28.0% |
| Operating cash flow (approximation) | €41,619 | €32,667 | €32,575 | €31,471 | €21,315 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €0 | -€169,006 | -€208,766 | -€122,357 | ▲ 41.4% |
| Change in cash | - | -€45,582 | -€46,966 | -€44,257 | -€28,142 | ▲ 36.4% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €3,030 ▼50.1%
Net result drops to €3,030, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2008
Ground area
82 m²
Building footprint
67 m²
Volume, LiDAR
447 m³
Parcel 44038A0742/02B003, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Alphaware
since 20082.173.416.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0742/02B003 | Flanders | 82 m² | 1 · 67 m² | 9.9 m · 3 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 30,007 companies in sector 62200 we hold annual accounts for 18,394. 15,467 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
Founded12-08-2008
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.