ALPHEE
ActiveSummary
ALPHEE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462,706 and a net result of -€61,804. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€610,234total assets 2025
- Equity
- €462,706
- Loss
- -€61,804
Turnover not published (abridged schema)
Who decides
Accounts on time0 of 5 deeds read
Why 62- Higher-failure-rate region- Persistent losses+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-59
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.34 in 2024; short-term debt: 20.4% and cash: 0% of total assets), and 24.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€61,804
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
43 d late
2023
42 d late
2022
116 d early
2021
138 d early
2020
135 d early
2019
133 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 62 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 31 July (4 of the last 5 filed years within 116 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€61,804
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €610,234Loss -€61,804Solvency 75.8%Liquidity 0.16
Total assets
€610,234▼ 6.1%
2018 - 2025
Net result
-€61,804▼ 234%
2018 - 2025
Equity
€462,706▼ 11.7%
2018 - 2025
Solvency
75.8%▼ 4.8pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€34,291-€29,321▲ 14.5%-€11,998▲ 59.1%-€23,215▼ 93.5%-€66,346▼ 186%
Net result-€31,115below the sector's middle half-€24,947below the sector's middle half▲ 19.8%-€7,270below the sector's middle half▲ 70.9%-€18,486below the sector's middle half▼ 154%-€61,804below the sector's middle half▼ 234%
Equity€574,664above the sector's middle half▲ 57.3%€549,717above the sector's middle half▼ 4.3%€542,446above the sector's middle half▼ 1.3%€523,960above the sector's middle half▼ 3.4%€462,706above the sector's middle half▼ 11.7%
Total assets€670,052above the sector's middle half▲ 2.3%€664,523above the sector's middle half▼ 0.8%€642,617above the sector's middle half▼ 3.3%€649,611above the sector's middle half▲ 1.1%€610,234above the sector's middle half▼ 6.1%
Debt€53,491▼ 78.0%€77,722▲ 45.3%€67,898▼ 12.6%€98,191▲ 44.6%€124,881▲ 27.2%
Working capital-€2,887below the sector's middle half▲ 98.6%-€50,019below the sector's middle half▼ 1,632%-€38,331below the sector's middle half▲ 23.4%-€63,019below the sector's middle half▼ 64.4%-€104,704below the sector's middle half▼ 66.1%
Solvency85.8%above the sector's middle half▲ 30.0pp82.7%above the sector's middle half▼ 3.0pp84.4%above the sector's middle half▲ 1.7pp80.7%above the sector's middle half▼ 3.8pp75.8%within the sector's middle half▼ 4.8pp
Current ratio0.95below the sector's middle half▲ 0.900.36below the sector's middle half▼ 0.590.44below the sector's middle half▲ 0.080.34below the sector's middle half▼ 0.100.16below the sector's middle half▼ 0.18
Return on assets (ROA)-4.6%below the sector's middle half▼ 5.8pp-3.8%below the sector's middle half▲ 0.9pp-1.1%below the sector's middle half▲ 2.6pp-2.8%below the sector's middle half▼ 1.7pp-10.1%below the sector's middle half▼ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66,346 in 2025 against €23,215 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €610,234
Fixed assets
€590,407 ▼ 4.3%
Current assets
€19,827 ▼ 39.0%
Equity and liabilities €610,234
Equity
€462,706 ▼ 11.7%
Provisions
€22,647 ▼ 17.5%
Debt
€124,881 ▲ 27.2%
Debt's share of the balance-sheet total rises from 15.1% to 20.5%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€39,664▼
2024 · €3,352
Cash flow
-€35,122▼
2024 · €8,080
Debt to equity
0.27▲
2024 · 0.19
ROE
-13.4%▼
2024 · -3.5%
Interest coverage
-144.16▼
2024 · 39.77
Debt ≤ 1 year
€124,531▲
2024 · €95,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 928 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,977 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,256 | €25,390 | €25,390 | €26,566 | €26,682 | ▲ 0.4% |
| Other operating charges640/8 | - | €16,589 | €16,476 | €22,528 | €17,312 | ▼ 23.2% |
| Gross operating margin9900 | -€4,268 | €12,658 | €29,868 | €25,880 | -€22,352 | ▼ 186% |
| Operating profit (loss)9901 | -€34,291 | -€29,321 | -€11,998 | -€23,215 | -€66,346 | ▼ 186% |
| Financial income75/76B | - | - | €1 | €0 | €4 | - |
| Recurring financial income75 | - | - | €1 | €0 | €4 | - |
| Financial charges65/66B | - | €50 | €85 | €84 | €275 | ▲ 226% |
| Recurring financial charges65 | €1,181 | €50 | €85 | €84 | €275 | ▲ 226% |
| Profit (loss) for the period before taxes9903 | -€35,472 | -€29,371 | -€12,083 | -€23,299 | -€66,617 | ▼ 186% |
| Transfer from deferred taxes780 | - | €4,813 | €4,813 | €4,813 | €4,813 | = |
| Income taxes67/77 | €456 | €389 | - | - | - | - |
| Profit (loss) for the period9904 | -€31,115 | -€24,947 | -€7,270 | -€18,486 | -€61,804 | ▼ 234% |
| Transfer from tax-exempt reserves789 | - | €9,347 | €9,347 | €9,347 | €9,347 | = |
| Profit (loss) for the period to be appropriated9905 | -€21,768 | -€15,600 | €2,077 | -€9,139 | -€52,457 | ▼ 474% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €670,052 | €664,523 | €642,617 | €649,611 | €610,234 | ▼ 6.1% |
| Fixed assets21/28 | €619,449 | €636,821 | €613,050 | €617,089 | €590,407 | ▼ 4.3% |
| Tangible fixed assets22/27 | €619,449 | €636,821 | €613,050 | €617,089 | €590,407 | ▼ 4.3% |
| Land and buildings22 | - | €591,149 | €576,114 | €561,619 | €544,964 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €14,882 | €10,394 | €33,177 | €27,398 | ▼ 17.4% |
| Furniture and vehicles24 | - | €30,790 | €26,542 | €22,293 | €18,045 | ▼ 19.1% |
| Current assets29/58 | €50,603 | €27,703 | €29,568 | €32,522 | €19,827 | ▼ 39.0% |
| Amounts receivable within one year40/41 | €3,200 | €27,543 | €28,443 | €31,492 | €4,450 | ▼ 85.9% |
| Trade receivables40 | - | €27,343 | €28,243 | €13,749 | €4,450 | ▼ 67.6% |
| Other amounts receivable41 | - | €200 | €200 | €17,743 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €47,403 | €160 | €1,044 | €298 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | €81 | €732 | €15,377 | ▲ 2,001% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €670,052 | €664,523 | €642,617 | €649,611 | €610,234 | ▼ 6.1% |
| Equity10/15 | €574,664 | €549,717 | €542,446 | €523,960 | €462,706 | ▼ 11.7% |
| Contributions10/11 | - | €371,950 | €371,950 | €371,950 | €372,500 | ▲ 0.1% |
| Reserves13 | €113,893 | €104,546 | €95,199 | €85,853 | €76,506 | ▼ 10.9% |
| Non-distributable reserves130/1 | - | €14,409 | €14,409 | €14,409 | €14,409 | = |
| Reserves not available under the articles1311 | - | €14,409 | €14,409 | €14,409 | €14,409 | = |
| Tax-exempt reserves132 | - | €90,137 | €80,790 | €71,443 | €62,096 | ▼ 13.1% |
| Profit (loss) carried forward14 | €88,821 | €73,221 | €75,297 | €66,158 | €13,700 | ▼ 79.3% |
| Provisions and deferred taxes16 | €41,898 | €37,085 | €32,272 | €27,459 | €22,647 | ▼ 17.5% |
| Deferred taxes168 | - | €37,085 | €32,272 | €27,459 | €22,647 | ▼ 17.5% |
| Amounts payable17/49 | €53,491 | €77,722 | €67,898 | €98,191 | €124,881 | ▲ 27.2% |
| Amounts payable within one year42/48 | €53,491 | €77,722 | €67,898 | €95,541 | €124,531 | ▲ 30.3% |
| Financial debts43 | - | - | - | - | €451 | - |
| Credit institutions430/8 | - | - | - | - | €451 | - |
| Trade debts44 | €2,295 | €2,175 | €2,003 | €8,842 | €19,659 | ▲ 122% |
| Suppliers440/4 | - | €2,175 | €2,003 | €8,842 | €19,659 | ▲ 122% |
| Other amounts payable47/48 | - | €75,546 | €65,895 | €86,700 | €104,422 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | - | - | €2,650 | €350 | ▼ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,115 | -€24,947 | -€7,270 | -€18,486 | -€61,804 | ▼ 234% |
| + Depreciation and write-downs630 | €21,256 | €25,390 | €25,390 | €26,566 | €26,682 | ▲ 0.4% |
| Operating cash flow (approximation) | -€9,858 | €443 | €18,120 | €8,080 | -€35,122 | ▼ 535% |
| Investment in fixed assets (approximation) | - | -€42,762 | -€1,619 | -€30,606 | €0 | ▲ 100% |
| Change in cash | - | -€47,243 | €884 | -€746 | -€298 | ▲ 60.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Drs. Ir. A. Jaeken Octrooi
BE 0761.703.287
Oud-Heverlee · Eq €462,720
TUUK
BE 0460.004.385
Lier · Eq €462,679
TOFRI
BE 0462.049.602
Ronse · Eq €462,675
VIKMAR
BE 0835.789.117
Asse · Eq €462,664
EMHU
BE 0429.570.042
Nazareth-De Pinte · Eq €462,643
Of 82,601 companies in this sector we hold annual accounts for 52,629. 35,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 31-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€61,804
Net result drops to -€61,804, the lowest in the series.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €574,664 ▲57.3%
Equity rises from €365,329 to €574,664.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €16,176 ▲55%
Operating result €23,656, net result €16,176, both a record.
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Company details
Private limited company · founded 04-02-1980Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded04-02-1980
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420204691
Registered
04-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1980
Ground area
4,089 m²
Building footprint
566 m²
Volume, LiDAR
7,081 m³
2 parcels, Brussels · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Albert Leemansplein 6, 1050 Elsene
since 1980unit no. 2.017.355.322
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0007/00E013 | Brussels | 3,435 m² | 1 · 320 m² | 17.8 m · 2 fl. |
| 21447B0255/00M003 | Brussels | 654 m² | 1 · 247 m² | 24.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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