Financials
- Fiscal year
- 2025
- Total assets
- €22,539
- Loss
- -€17,987
- Solvency
- -36.9%
Total assets▼ 45.6%
Net result
20182025
ALPICO
ActiveSummary
The computed 12-month bankruptcy probability of ALPICO is 5.1% (elevated). The 2025 annual accounts show negative equity (-€8,317) and a net result of -€17,987. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 20110 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of watches and jewellery
NACE 47770
1 site
Size
€22,539total assets 2025
- Equity
- -€8,317
- Loss
- -€17,987
Turnover not published (abridged schema)
Structure
Accounts filed 56 d late0 of 9 deeds read
Why 34- Loss of €17,987, the second in a row (FY 2025)- Latest accounts 56 days late; 2 of the last 3 late- 1 change of registered office in 24 months+ Size: total assets €22,539Show the evidence
Checked score
Score 2025
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 7% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0-48
equity -36.9% of total assets
Liquidity
10+1
short-term debt 136.9% · cash 7.7%
Profitability
0-24
return on assets -79.8%
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 2.3%lowest value
12-2025: 2.3%● 0.0% vs 11-2025lowest value
01-2026: 2.3%▲ +2.7% vs 12-2025
02-2026: 2.4%▲ +1.2% vs 01-2026
03-2026: 3.2%▲ +36.3% vs 02-2026
04-2026: 3.4%▲ +5.8% vs 03-2026
05-2026: 3.7%▲ +8.8% vs 04-2026
06-2026: 3.6%▼ -2.8% vs 05-2026
07-2026: 3.7%▲ +2.5% vs 06-2026
08-2026: 4.8%▲ +30.1% vs 07-2026
09-2026: 5.3%▲ +10.5% vs 08-2026highest value
10-2026: 5.1%▼ -3.5% vs 09-2026
- Loss of €17,987, the second in a row (FY 2025) raises the probability
- Size: total assets €22,539 lowers the probability for this profile
- Latest accounts 56 days late; 2 of the last 3 late raises the probability
- 1 change of registered office in 24 months raises the probability
No credit on open account
Liquidity short (current ratio 0.65 against 1.29 in 2024; short-term debt: 136.9% and cash: 7.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 10%, profitability 6%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8,317
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
56 d late
2024
8 d early
2023
36 d late
2022
60 d late
2021
80 d late
2020
31 d late
2019
34 d late
← 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 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 25 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- General meeting · Permanent representativeState Gazette act
- Weakest financial yearnet -€17,987
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-09-2026Annual accounts filed
- 04-06-2026General meeting · Permanent representative
- 31-12-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of watches and jewelleryNACE 47770
- Founded
- 13-04-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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