ALPIEX
ActiveSummary
ALPIEX has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,475 and a net result of €1,060. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 65% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-37
Solvency95▲+10
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.16 against 2.44 in 2024; short-term debt: 30.1% and cash: 59.5% of total assets), and 30.1% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
69.9%
Return on assets
1.5%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
26 d late
2022
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 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 30 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,475▲ 2.2%
2024 · €47,415
Total assets
€69,322▼ 11.7%
2024 · €78,475
Net result
€1,060▼ 81.0%
2024 · €5,589
Working capital
€44,931▲ 0.3%
2024 · €44,804
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€22,354-€36,492▲ 63.2%€9,997▼ 72.6%€2,358▼ 76.4%
Net result€15,005within the sector's middle half-€24,821within the sector's middle half▲ 65.4%€5,589within the sector's middle half▼ 77.5%€1,060below the sector's middle half▼ 81.0%
Equity€17,005below the sector's middle half-€41,826within the sector's middle half▲ 146%€47,415within the sector's middle half▲ 13.4%€48,475within the sector's middle half▲ 2.2%
Total assets€42,647below the sector's middle half-€65,363below the sector's middle half▲ 53.3%€78,475below the sector's middle half▲ 20.1%€69,322below the sector's middle half▼ 11.7%
Debt€25,642-€23,537▼ 8.2%€31,060▲ 32.0%€20,847▼ 32.9%
Working capital€15,310within the sector's middle half-€39,855within the sector's middle half▲ 160%€44,804within the sector's middle half▲ 12.4%€44,931within the sector's middle half▲ 0.3%
Solvency39.9%within the sector's middle half-64.0%within the sector's middle half▲ 24.1pp60.4%within the sector's middle half▼ 3.6pp69.9%within the sector's middle half▲ 9.5pp
Current ratio1.60within the sector's middle half-2.69within the sector's middle half▲ 1.102.44within the sector's middle half▼ 0.253.16within the sector's middle half▲ 0.71
Return on assets (ROA)35.2%above the sector's middle half-38.0%above the sector's middle half▲ 2.8pp7.1%within the sector's middle half▼ 30.9pp1.5%below the sector's middle half▼ 5.6pp
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 per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,322
Fixed assets
€3,544 ▲ 35.7%
Current assets
€65,778 ▼ 13.3%
Equity and liabilities €69,322
Equity
€48,475 ▲ 2.2%
Debt
€20,847 ▼ 32.9%
Debt's share of the balance-sheet total falls from 39.6% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,916▼
2024 · €11,723
Cash flow
€3,618▼
2024 · €7,315
Debt to equity
0.43▼
2024 · 0.66
ROE
2.2%▼
2024 · 11.8%
Interest coverage
2.39▼
2024 · 12.55
Debt ≤ 1 year
€20,847▼
2024 · €31,060
Income taxes
€620▼
2024 · €3,474
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,546 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.3%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 2,546 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €32 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,435 | €1,115 | €1,727 | €2,558 | ▲ 48.1% |
| Other operating charges640/8 | €1,648 | €871 | €538 | €976 | ▲ 81.4% |
| Gross operating margin9900 | €25,437 | €38,478 | €12,261 | €5,892 | ▼ 51.9% |
| Operating profit (loss)9901 | €22,354 | €36,492 | €9,997 | €2,358 | ▼ 76.4% |
| Financial income75/76B | - | - | - | €1,378 | - |
| Recurring financial income75 | - | - | - | €1,378 | - |
| Non-recurring financial income76B | - | - | - | €1,378 | - |
| Financial charges65/66B | €1,060 | €1,121 | €934 | €2,056 | ▲ 120% |
| Recurring financial charges65 | €1,060 | €1,121 | €934 | €2,056 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €21,295 | €35,370 | €9,062 | €1,680 | ▼ 81.5% |
| Income taxes67/77 | €6,290 | €10,549 | €3,474 | €620 | ▼ 82.2% |
| Profit (loss) for the period9904 | €15,005 | €24,821 | €5,589 | €1,060 | ▼ 81.0% |
| Profit (loss) for the period to be appropriated9905 | €15,005 | €24,821 | €5,589 | €1,060 | ▼ 81.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €42,647 | €65,363 | €78,475 | €69,322 | ▼ 11.7% |
| Fixed assets21/28 | €1,695 | €1,971 | €2,611 | €3,544 | ▲ 35.7% |
| Tangible fixed assets22/27 | €1,695 | €1,971 | €2,611 | €3,544 | ▲ 35.7% |
| Plant, machinery and equipment23 | €1,695 | €1,971 | €2,611 | €1,060 | ▼ 59.4% |
| Assets under construction and advance payments27 | - | - | - | €2,483 | - |
| Current assets29/58 | €40,952 | €63,392 | €75,864 | €65,778 | ▼ 13.3% |
| Amounts receivable within one year40/41 | €13,395 | €11,720 | €17,257 | €24,538 | ▲ 42.2% |
| Trade receivables40 | €13,395 | €11,706 | €12,717 | €15,553 | ▲ 22.3% |
| Other amounts receivable41 | - | €14 | €4,540 | €8,985 | ▲ 97.9% |
| Cash at bank and in hand54/58 | €27,355 | €49,873 | €56,766 | €41,241 | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €202 | €1,798 | €1,841 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €42,647 | €65,363 | €78,475 | €69,322 | ▼ 11.7% |
| Equity10/15 | €17,005 | €41,826 | €47,415 | €48,475 | ▲ 2.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €15,005 | €39,826 | €45,415 | €24,821 | ▼ 45.3% |
| Distributable reserves133 | €15,005 | €39,826 | €45,415 | €24,821 | ▼ 45.3% |
| Profit (loss) carried forward14 | - | - | - | €21,654 | - |
| Amounts payable17/49 | €25,642 | €23,537 | €31,060 | €20,847 | ▼ 32.9% |
| Amounts payable within one year42/48 | €25,642 | €23,537 | €31,060 | €20,847 | ▼ 32.9% |
| Trade debts44 | €1,316 | €1,122 | €8,795 | €9,211 | ▲ 4.7% |
| Suppliers440/4 | €1,316 | €1,122 | €8,795 | €9,211 | ▲ 4.7% |
| Taxes, remuneration and social security45 | €12,167 | €13,413 | €6,151 | €2,341 | ▼ 61.9% |
| Taxes450/3 | €12,167 | €13,413 | €6,151 | €2,341 | ▼ 61.9% |
| Other amounts payable47/48 | €12,159 | €9,001 | €16,114 | €9,295 | ▼ 42.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,005 | €24,821 | €5,589 | €1,060 | ▼ 81.0% |
| + Depreciation and write-downs630 | €1,435 | €1,115 | €1,727 | €2,558 | ▲ 48.1% |
| Operating cash flow (approximation) | €16,440 | €25,936 | €7,315 | €3,618 | ▼ 50.5% |
| Investment in fixed assets (approximation) | - | -€1,391 | -€2,367 | -€3,491 | ▼ 47.5% |
| Change in cash | - | €22,519 | €6,893 | -€15,526 | ▼ 325% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1,060 ▼81%
Net result drops to €1,060, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2022net €24,821 ▲65.4%
Operating result €36,492, net result €24,821, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Woluwe · 1 establishment unit since 2022
Ground area
591 m²
Building footprint
158 m²
Volume, LiDAR
1,602 m³
Parcel 21684B0059/00E029, Brussels · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALPIEX
since 20222.327.939.226
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0059/00E029 | Brussels | 591 m² | 1 · 158 m² | 13.4 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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 38,042 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
Founded28-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781295111
Also
9925:BE0781295111
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.