Equity
ALPHAWARE paid out €30,529 in dividends. That is 1,008% of the 2025 profit.
ALPHAWARE paid out €30,529 in dividends. That is 1,008% of the 2025 profit.
The micro format states no turnover.
Of this, €119,762 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 39.4% higher than in 2024.
The last five annual accounts were filed 38 to 64 days before the end of the period.
Larger balance sheet than 91% of companies in computer programming and consultancy. Sector median €136,049 · 21,232 companies.
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 22% of them on solvency, 49% on liquidity, 19% on profitability and 30% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,107 companies had the same profile as ALPHAWARE has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALPHAWARE itself: 0.2% within 12 months.
The method was tested on the 497,448 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 4,107 companies, not a prediction for ALPHAWARE. 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.
Liquidity is tight, with a current ratio of 1.17 (1.95 in 2024), below the usual 1.5. Short-term debt is 20.1% and cash 17.3% of total assets. 79.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALPHAWARE Ghent | €594,932 | €38,415 | 20.7% | - |
| BIGDATA TECHNOLOGIES Hoeilaart | €563,698 | €37,583 | 96.0% | - |
| EXACT TRADING Uccle | €645,862 | €37,753 | 87.5% | - |
| PURE PMO Woluwe-Saint-Lambert | €599,432 | €38,953 | 95.2% | - |
| CYRT ENGINEERING Ixelles | €651,182 | €35,823 | 40.2% | - |
| ROUTE 67 CONSULTING Ixelles | €685,758 | €38,603 | 86.6% | - |
| THE PROJECT GOLD MINE Schaerbeek | €618,406 | €44,085 | 64.4% | - |
These companies have the same main activity as ALPHAWARE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €564,000 and €686,000, founded between 2008 and 2010.
ALPHAWARE files the micro format. That format states no turnover. The gross margin rose from €31,218 in 2009 to €38,415 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €180,000.
Higher than 21% of 21,217 companies in 2025.
Higher than 24% of 20,581 companies in 2025.
Higher than 18% of 20,756 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
594,932 | 516,492 | 379,226 | 293,953 | 328,461 | 308,150 | 257,886 | 239,752 | 200,781 | 182,283 | 163,856 | 136,152 | 101,172 | 61,442 | 3,969 | 31,444 | 37,974 | |
21/28 |
454,432 | 350,360 | 166,993 | 27,372 | 39,234 | 50,025 | 5,037 | - | 14,493 | 23,375 | 38,260 | 54,877 | 4,727 | 2,748 | 1,441 | 8,114 | 16,339 | |
22/27 |
454,432 | 350,360 | 166,993 | 27,372 | 39,234 | 50,025 | 5,037 | - | 14,493 | 23,375 | 38,260 | 54,877 | 4,487 | 2,508 | 1,201 | 7,874 | 16,099 | |
22 |
407,537 | 292,326 | 151,157 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | 979 | 2,284 | - | - | - | 4,860 | - | 1,142 | 4,016 | 4,487 | 2,508 | 1,201 | 3,357 | 6,161 | |
24 |
46,895 | 58,034 | 15,836 | 26,393 | 36,950 | 50,025 | 5,037 | - | 9,633 | 23,375 | 37,118 | 50,861 | - | - | - | 4,517 | 9,938 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | 240 | 240 | 240 | 240 | 240 | |
29/58 |
140,500 | 166,132 | 212,233 | 266,581 | 289,227 | 258,125 | 252,849 | 239,752 | 186,288 | 158,908 | 125,596 | 81,275 | 96,445 | 58,694 | 2,528 | 23,330 | 21,635 | |
40/41 |
37,578 | 35,068 | 36,912 | 44,294 | 21,358 | 19,478 | 19,920 | 20,797 | 13,506 | 14,225 | 18,352 | 18,892 | 20,124 | 17,262 | 1,523 | 16,790 | 962 | |
40 |
16,565 | 14,605 | 25,901 | 39,083 | 18,498 | 17,130 | 19,920 | 20,797 | 13,502 | 14,225 | 18,352 | 17,738 | 20,124 | 17,262 | 944 | 15,866 | - | |
41 |
21,013 | 20,463 | 11,011 | 5,211 | 2,860 | 2,348 | - | - | 4 | - | - | 1,154 | - | - | 579 | 924 | 962 | |
54/58 |
102,922 | 131,064 | 175,321 | 222,287 | 267,869 | 238,647 | 232,929 | 218,955 | 172,782 | 144,683 | 107,244 | 62,383 | 76,321 | 41,432 | 1,005 | 6,540 | 20,673 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
594,932 | 516,492 | 379,226 | 293,953 | 328,461 | 308,150 | 257,886 | 239,752 | 200,781 | 182,283 | 163,856 | 136,152 | 101,172 | 61,442 | 3,969 | 31,444 | 37,974 | |
10/15 |
122,993 | 138,292 | 164,363 | 186,985 | 285,961 | 257,744 | 236,603 | 216,074 | 183,931 | 158,119 | 136,995 | 104,117 | 79,703 | 31,760 | -18,177 | 10,081 | 20,554 | |
10/11 |
20,460 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | |
11 |
20,460 | 6,400 | 6,400 | 6,400 | 6,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
20,460 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | 6,400 | 6,400 | 6,400 | 6,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
102,533 | 131,892 | 157,963 | 180,585 | 279,561 | 251,344 | 230,203 | 209,674 | 177,531 | 151,719 | 130,595 | 97,717 | 73,303 | 25,360 | 1,860 | 3,681 | 14,154 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
102,533 | 130,032 | 156,103 | 178,725 | 277,701 | 249,484 | 228,343 | 207,814 | 175,671 | 149,859 | 128,735 | 95,857 | 71,443 | 23,500 | - | 1,821 | 12,294 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -26,437 | - | - | |
17/49 |
471,939 | 378,200 | 214,863 | 106,968 | 42,500 | 50,406 | 21,283 | 23,678 | 16,850 | 24,164 | 26,861 | 32,035 | 21,469 | 29,682 | 22,146 | 21,363 | 17,420 | |
17 |
352,177 | 292,919 | 148,750 | 5,232 | 15,493 | 25,489 | - | - | - | - | 3,501 | 13,806 | - | - | 197 | 2,704 | - | |
170/4 |
352,177 | 292,919 | 148,750 | 5,232 | 15,493 | 25,489 | - | - | - | - | 3,501 | 13,806 | - | - | 197 | 2,704 | - | |
42/48 |
119,762 | 85,281 | 66,113 | 101,736 | 27,007 | 24,917 | 21,283 | 23,678 | 16,850 | 24,164 | 23,360 | 18,229 | 21,469 | 29,682 | 21,949 | 18,659 | 17,420 | |
42 |
25,419 | 7,320 | 12,970 | 17,629 | 17,496 | 17,106 | 7,369 | 7,561 | 7,464 | 11,048 | 10,305 | 10,014 | - | 197 | 2,318 | 2,561 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,241 | 1,004 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,241 | 1,004 | - | |
44 |
6,406 | 809 | 1,120 | 1,672 | 1,360 | 1,679 | 613 | 996 | 2,120 | 498 | 405 | 4,591 | 759 | 754 | 364 | 1,541 | 8,992 | |
440/4 |
6,406 | 809 | 1,120 | 1,672 | 1,360 | 1,679 | 613 | 996 | 2,120 | 498 | 405 | 4,591 | 759 | 754 | 364 | 1,541 | 8,992 | |
45 |
2,517 | 2,915 | 7,180 | 7,158 | 7,840 | 4,221 | 12,090 | 14,732 | 7,156 | 6,323 | 8,483 | 2,223 | 17,874 | 14,950 | 290 | 332 | 1,339 | |
450/3 |
2,517 | 2,915 | 7,180 | 7,158 | 7,840 | 4,221 | 12,090 | 14,732 | 7,156 | 6,323 | 8,483 | 2,223 | 17,874 | 14,950 | 290 | 332 | 1,339 | |
47/48 |
85,420 | 74,237 | 44,843 | 75,277 | 311 | 1,911 | 1,211 | 389 | 110 | 6,295 | 4,167 | 1,401 | 2,836 | 13,781 | 17,736 | 13,221 | 7,089 | |
| Income statement | ||||||||||||||||||
9900 |
38,415 | 47,254 | 49,126 | 48,138 | 59,154 | 47,554 | 52,916 | 71,956 | 62,822 | 62,761 | 73,493 | 58,129 | 77,338 | 64,350 | -19,255 | 537 | 31,218 | |
630 |
18,285 | 25,399 | 29,385 | 11,862 | 13,402 | 7,797 | 2,518 | 14,493 | 18,603 | 14,885 | 16,617 | 17,640 | 3,217 | 1,763 | 8,057 | 9,060 | 10,245 | |
640/8 |
531 | 525 | 1,906 | 897 | 1,234 | 1,230 | 1,563 | 1,062 | 989 | 1,095 | 945 | 1,887 | 792 | 856 | 801 | 983 | 1,265 | |
9901 |
19,599 | 21,330 | 17,835 | 35,379 | 44,518 | 38,527 | 48,835 | 56,401 | 43,230 | 46,781 | 55,931 | 38,602 | 73,329 | 61,731 | -28,113 | -9,506 | 19,708 | |
75/76B |
1,051 | - | - | - | - | - | - | 64 | 118 | 209 | 260 | 353 | 379 | 37 | 76 | 182 | 16 | |
75 |
1,051 | - | - | - | - | - | - | 64 | 118 | 209 | 260 | 353 | 379 | 37 | 76 | 182 | 16 | |
65/66B |
13,841 | 10,319 | 10,339 | 2,704 | 1,341 | 2,604 | 186 | 372 | 142 | 420 | 674 | 795 | - | 407 | 237 | 822 | 229 | |
65 |
13,841 | 10,319 | 10,339 | 2,704 | 1,341 | 2,604 | 186 | 372 | 142 | 420 | 674 | 795 | - | 407 | 237 | 822 | 229 | |
9903 |
6,809 | 11,011 | 7,496 | 32,675 | 43,177 | 35,923 | 48,649 | 56,093 | 43,206 | 46,570 | 55,517 | 38,160 | 73,708 | 61,361 | -28,274 | -10,146 | 19,495 | |
67/77 |
3,779 | 4,939 | 4,306 | 11,870 | 14,960 | 14,782 | 18,120 | 23,950 | 17,394 | 25,446 | 22,639 | 13,746 | 25,765 | 11,424 | -16 | 327 | 5,341 | |
9904 |
3,030 | 6,072 | 3,190 | 20,805 | 28,217 | 21,141 | 30,529 | 32,143 | 25,812 | 21,124 | 32,878 | 24,414 | 47,943 | 49,937 | -28,258 | -10,473 | 14,154 | |
9905 |
3,030 | 6,072 | 3,190 | 20,805 | 28,217 | 21,141 | 30,529 | 32,143 | 25,812 | 21,124 | 32,878 | 24,414 | 47,943 | 49,937 | -28,258 | -10,473 | 14,154 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
3,030 | 6,072 | 3,190 | 20,805 | 28,217 | 21,141 | 30,529 | 32,143 | 25,812 | 21,124 | 32,878 | 24,414 | 47,943 | 23,500 | -28,258 | -10,473 | 14,154 | |
791/2 |
30,529 | 32,143 | 25,812 | 119,781 | - | - | 10,000 | - | - | - | - | - | - | - | 1,821 | 10,473 | - | |
691/2 |
3,030 | 6,072 | 3,190 | 20,805 | 28,217 | 21,141 | 30,529 | 32,143 | 25,812 | 21,124 | 32,878 | 24,414 | 47,943 | 23,500 | - | - | 14,154 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
3,030 | 6,072 | 3,190 | 20,805 | 28,217 | 21,141 | 30,529 | 32,143 | 25,812 | 21,124 | 32,878 | 24,414 | 47,943 | 23,500 | - | - | 12,294 | |
694/7 |
30,529 | 32,143 | 25,812 | 119,781 | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | |
694 |
30,529 | 32,143 | 25,812 | 119,781 | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 10-03-2026 | 2026-00051526 | |
| 30-09-2024 | micro format | 25-02-2025 | 2025-00038655 | |
| 30-09-2023 | micro format | 07-03-2024 | 2024-00040294 | |
| 30-09-2022 | micro format | 13-03-2023 | 2023-00038587 | |
| 30-09-2021 | micro format | 23-03-2022 | 2022-08400038 | |
| 30-09-2020 | micro format | 22-03-2021 | 2021-08000025 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07100563 | |
| 30-09-2018 | abbreviated format | 21-03-2019 | 2019-07400297 | |
| 30-09-2017 | abbreviated format | 14-03-2018 | 2018-06700347 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-06800047 | |
| 30-09-2015 | abbreviated format | 21-03-2016 | 2016-06700078 | |
| 30-09-2014 | abbreviated format | 16-03-2015 | 2015-06100351 | |
| 30-09-2013 | abbreviated format | 26-03-2014 | 2014-07200332 | |
| 30-09-2012 | abbreviated format | 28-03-2013 | 2013-07100576 | |
| 30-09-2011 | abbreviated format | 29-03-2012 | 2012-07100529 | |
| 30-09-2010 | abbreviated format | 29-03-2011 | 2011-06700321 | |
| 30-09-2009 | abbreviated format | 26-03-2010 | 2010-07700562 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37,884 | 46,729 | 47,220 | 47,241 | 57,920 | 46,324 | 51,353 | 70,894 | 61,833 | 61,666 | 72,548 | 56,242 | 76,546 | 63,494 | -20,056 | -446 | 29,953 | ||
| 21,315 | 31,471 | 32,575 | 32,667 | 41,619 | 28,938 | 33,047 | 46,636 | 44,415 | 36,009 | 49,495 | 42,054 | 51,160 | 51,700 | -20,201 | -1,413 | 24,399 | ||
| 122,357 | 208,768 | 169,006 | 0 | 2,611 | 52,785 | 7,555 | 0 | 9,721 | 0 | 0 | 68,030 | 5,196 | 3,069 | 1,384 | 835 | 26,584 | ||
| -28,142 | -44,257 | -46,966 | -45,582 | 29,222 | 5,718 | 13,974 | 46,173 | 28,099 | 37,439 | 44,861 | -13,938 | 34,889 | 40,427 | -5,535 | -14,133 | - | ||
| 20,738 | 80,851 | 146,120 | 164,845 | 262,220 | 233,208 | 231,566 | 216,074 | 169,438 | 134,744 | 102,236 | 63,046 | 74,976 | 29,012 | -19,421 | 4,671 | 4,215 | ||
| 20.7% | 26.8% | 43.3% | 63.6% | 87.1% | 83.6% | 91.7% | 90.1% | 91.6% | 86.7% | 83.6% | 76.5% | 78.8% | 51.7% | - | 32.1% | 54.1% | ||
| 1.17 | 1.95 | 3.21 | 2.62 | 10.71 | 10.36 | 11.88 | 10.13 | 11.06 | 6.58 | 5.38 | 4.46 | 4.49 | 1.98 | - | 1.25 | 1.24 | ||
| 3.84 | 2.73 | 1.31 | 0.57 | 0.15 | 0.20 | 0.09 | 0.11 | 0.09 | 0.15 | 0.20 | 0.31 | 0.27 | 0.93 | - | 2.12 | 0.85 | ||
| 2.5% | 4.4% | 1.9% | 11.1% | 9.9% | 8.2% | 12.9% | 14.9% | 14.0% | 13.4% | 24.0% | 23.4% | 60.2% | 157.2% | - | -103.9% | 68.9% | ||
| 0.5% | 1.2% | 0.8% | 7.1% | 8.6% | 6.9% | 11.8% | 13.4% | 12.9% | 11.6% | 20.1% | 17.9% | 47.4% | 81.3% | - | -33.3% | 37.3% | ||
| 2.74 | 4.53 | 4.57 | 17.47 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €122,357 | €208,768 | €169,006 | - |
| €18,285 | €25,399 | €29,385 | €11,862 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 8% lower than in 2024.
Debt's share of the balance-sheet total rises from 73.2% to 79.3%. Equity is lower and debt is higher.
ALPHAWARE has no parent and no holdings in its annual accounts. Praet Giovanni is the only director. ALPHAWARE shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 12 August 2008, ALPHAWARE was incorporated.1 In 2026 the registered office moved to Mariakerke.2 Praet Giovanni is director of the company, appointed by deed of 09-11-2023.3 Total assets went from €257,886 in 2019 to €594,932 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Juliaan Braekeleirsstraat 6 registered office 9030 Ghent 47400 Retail sale of information and communication equipment | 01-08-2008 | 2.173.416.246 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44038A0742/02B003 | 82 m² | 1 · 67 m² | 9.9 m · 3 |
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