ALPI CONSTRUCT
ActiveSummary
ALPI CONSTRUCT has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491,177 and a net result of €37,179. Equity remains stable across the filed financial years (±1.5% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €491,177
- Profit
- €37,179
- Holdings
- 1
- Alain,Freddy,Jacques DENISDirector
- Jean-Pierre,Joseph,Roger DENISDirector
- Pierre,Mario DENISDirector
Why 94raises riskLiquidity: current ratio 0.10, cash €11,495lowers riskSize: total assets €687,870Equity €491,177 (71.4% of total assets)Figures for financial year 2025 (filed 07-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 60% on solvency, 30% on liquidity, 58% on profitability and 65% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 65 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €37,179 ▲48.2%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,762 | €36,762 | €36,762 | €37,946 | €39,020 | €4,920 | €5,810 | €3,899 | ▼ 32.9% |
| Other operating charges640/8 | - | - | - | €3,443 | €3,527 | €4,399 | €4,577 | €4,722 | ▲ 3.2% |
| Gross operating margin9900 | €63,756 | €59,342 | €60,092 | €61,330 | €56,601 | €34,608 | €62,055 | €73,701 | ▲ 18.8% |
| Operating profit (loss)9901 | €23,884 | €19,406 | €20,110 | €19,941 | €14,054 | €25,289 | €51,667 | €65,080 | ▲ 26.0% |
| Financial income75/76B | - | - | - | - | - | €1,872 | - | - | - |
| Recurring financial income75 | €432 | - | €2,939 | - | - | €1,872 | - | - | - |
| Financial charges65/66B | - | - | - | €15,334 | €11,090 | €13,351 | €14,874 | €8,974 | ▼ 39.7% |
| Recurring financial charges65 | €19,538 | €18,261 | €16,765 | €15,334 | €11,090 | €13,351 | €14,874 | €8,974 | ▼ 39.7% |
| Profit (loss) for the period before taxes9903 | €4,777 | €1,145 | €6,284 | €4,607 | €2,964 | €13,811 | €36,793 | €56,105 | ▲ 52.5% |
| Income taxes67/77 | €2,000 | €300 | €1,358 | €271 | €1,230 | €5,276 | €11,701 | €18,926 | ▲ 61.8% |
| Profit (loss) for the period9904 | €2,777 | €845 | €4,926 | €4,336 | €1,735 | €8,535 | €25,092 | €37,179 | ▲ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €2,777 | €845 | €4,926 | €4,336 | €1,735 | €8,535 | €25,092 | €37,179 | ▲ 48.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €812,057 | €778,555 | €749,882 | €727,781 | €696,319 | €689,292 | €681,767 | €687,870 | ▲ 0.9% |
| Fixed assets21/28 | €811,654 | €774,893 | €747,605 | €709,659 | €677,424 | €686,085 | €680,274 | €676,375 | ▼ 0.6% |
| Tangible fixed assets22/27 | €291,654 | €254,893 | €227,605 | €189,659 | €157,424 | €166,085 | €160,274 | €156,375 | ▼ 2.4% |
| Land and buildings22 | - | - | - | €189,659 | €157,424 | €166,085 | €160,274 | €156,375 | ▼ 2.4% |
| Financial fixed assets28 | €520,000 | €520,000 | €520,000 | €520,000 | €520,000 | €520,000 | €520,000 | €520,000 | = |
| Current assets29/58 | €403 | €3,663 | €2,277 | €18,122 | €18,895 | €3,207 | €1,493 | €11,495 | ▲ 670% |
| Amounts receivable within one year40/41 | - | €1,700 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €403 | €1,963 | €2,277 | €18,122 | €18,895 | €3,207 | €1,493 | €11,495 | ▲ 670% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €812,057 | €778,555 | €749,882 | €727,781 | €696,319 | €689,292 | €681,767 | €687,870 | ▲ 0.9% |
| Equity10/15 | €408,529 | €409,374 | €414,300 | €418,636 | €420,371 | €428,906 | €453,998 | €491,177 | ▲ 8.2% |
| Contributions10/11 | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | = |
| Capital10 | - | - | - | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | = |
| Issued capital100 | - | - | - | €246,753 | €246,753 | €246,753 | €246,753 | €246,753 | = |
| Reserves13 | €161,776 | €162,621 | €167,547 | €171,883 | €173,618 | €182,152 | €207,245 | €244,424 | ▲ 17.9% |
| Non-distributable reserves130/1 | - | - | - | €24,675 | €24,675 | €24,675 | €24,675 | €24,675 | = |
| Legal reserve130 | - | - | - | €24,675 | €24,675 | €24,675 | €24,675 | €24,675 | = |
| Distributable reserves133 | - | - | - | €147,208 | €148,943 | €157,477 | €182,570 | €219,749 | ▲ 20.4% |
| Amounts payable17/49 | €403,528 | €369,182 | €335,582 | €309,144 | €275,948 | €260,386 | €227,769 | €196,693 | ▼ 13.6% |
| Amounts payable after more than one year17 | €378,447 | €350,947 | €318,447 | €293,447 | €249,600 | €208,258 | €154,757 | €81,472 | ▼ 47.4% |
| Financial debts170/4 | - | - | - | - | - | €13,658 | €5,157 | €81,472 | ▲ 16× |
| Other amounts payable178/9 | - | - | - | €293,447 | €249,600 | €194,600 | €149,600 | - | - |
| Amounts payable within one year42/48 | €19,081 | €18,235 | €17,135 | €15,697 | €26,348 | €52,128 | €73,012 | €115,221 | ▲ 57.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €8,089 | €8,502 | €23,685 | ▲ 179% |
| Financial debts43 | - | - | - | €15,297 | €26,348 | €39,008 | €52,810 | €60,910 | ▲ 15.3% |
| Other loans439 | - | - | - | €15,297 | €26,348 | €39,008 | €52,810 | €60,910 | ▲ 15.3% |
| Trade debts44 | - | - | - | - | - | €545 | - | €12,526 | - |
| Suppliers440/4 | - | - | - | - | - | €545 | - | €12,526 | - |
| Taxes, remuneration and social security45 | - | - | - | €400 | - | €4,485 | €11,700 | €18,100 | ▲ 54.7% |
| Taxes450/3 | - | - | - | €400 | - | €4,485 | €11,700 | €18,100 | ▲ 54.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,777 | €845 | €4,926 | €4,336 | €1,735 | €8,535 | €25,092 | €37,179 | ▲ 48.2% |
| + Depreciation and write-downs630 | €36,762 | €36,762 | €36,762 | €37,946 | €39,020 | €4,920 | €5,810 | €3,899 | ▼ 32.9% |
| Operating cash flow (approximation) | €39,539 | €37,607 | €41,688 | €42,282 | €40,755 | €13,454 | €30,903 | €41,079 | ▲ 32.9% |
| Investment in fixed assets (approximation) | - | €0 | -€9,474 | €0 | -€6,786 | -€13,580 | €0 | €0 | - |
| Change in cash | - | €1,560 | €314 | €15,845 | €773 | -€15,688 | -€1,715 | €10,003 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00261889 |
| 31-12-2024 | full format | 27-05-2025 | 2025-00107195 |
| 31-12-2023 | full format | 24-05-2024 | 2024-00095056 |
| 31-12-2022 | abbreviated format | 13-06-2023 | 2023-00122196 |
| 31-12-2021 | abbreviated format | 05-05-2022 | 2022-20022305 |
| 31-12-2020 | abbreviated format | 03-05-2021 | 2021-13100185 |
| 31-12-2019 | full format | 20-05-2020 | 2020-12700203 |
| 31-12-2018 | full format | 30-07-2019 | 2019-41000434 |
| 31-12-2017 | full format | 11-07-2018 | 2018-32300114 |
| 31-12-2016 | full format | 04-07-2017 | 2017-27600274 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alain,Freddy,Jacques DENIS |
|
| Jean-Pierre,Joseph,Roger DENIS |
|
| Pierre,Mario DENIS |
|
Owners and capital
Capital and shareholders
- 05-07-2023 Capital stated in the deed · €246,753.20 · 76 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
99.8%
According to the 2025 annual accounts of ALPI CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-07
Gazette deed
Reappointments: Jean-Pierre,Joseph,Roger DENIS, Pierre,Mario DENIS and Alain,Freddy,Jacques DENISAmendment of the articles · Capital · Kind of shares7 facts ▸
- General meeting, 29-06-2023
- Amendment of the articles (2 times)
- Capital, €246,753.20
- Kind of shares, 2
- Director reappointment, Jean-Pierre,Joseph,Roger DENIS (director (not named in the articles))
- Director reappointment, Pierre,Mario DENIS (director (not named in the articles))
- Director reappointment, Alain,Freddy,Jacques DENIS (director (not named in the articles))
About the unread acts
Of the 7 Belgian Official Gazette deeds 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.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21302A0015/00F007 | Brussels | 156 m² | 1 · 290 m² | 18.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “D’effectuer toutes opérations immobilières et notamment, l’achat, la vente, la transformation, la valorisation et l’équipement de tous biens…” (deed in French)
3 activities (deed in French)
- D’effectuer toutes opérations immobilières et notamment, l’achat, la vente, la transformation, la valorisation et l’équipement de tous biens immobiliers, la construction pour son compte ou pour le compte de tiers en tant que maître de l’ouvrage ou entrepreneur général, la promotion, la location et le courtage
- De réaliser toutes opérations financières et, notamment, la prise d’intérêts dans toutes sociétés, le prêt à court ou long terme
- De prester tous services en rapport direct ou indirect avec l’immobilier
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ALPI CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Établir ou supprimer des sièges administratifs, agences, ateliers, dépôts et succursales tant en Belgique qu’à l’étranger par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “7, 3” (deed in French)“Si et dans quelle mesure mandat rémunéré par indemnité fixe ou variable, rémunération des administrateurs” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Aux dates et conditions qu’il fixera, autorisation à l’organe d’administration d’augmenter le capital social” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of April at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque raison que ce soit et à n'importe quel moment, organe d'administration en fonction comme collège de liquidateurs” (deed in French)“Toutes opérations prévues par la loi, assemblée générale à majorité des voix” (deed in French)1 more provision on this in the deed