ALPINI
ActiveSummary
ALPINI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222,854 and a net result of €15,081. Equity is growing by ~26.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+5
Solvency50▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.05 in 2024; short-term debt: 62.4% and cash: 59.3% of total assets), and 75.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
24.5%
Return on assets
1.7%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
27 d late
2023
15 d early
2022
31 d late
2021
8 d late
2020
24 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 8 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€222,854▲ 7.3%
2024 · €207,774
Total assets
€909,566▼ 2.9%
2024 · €936,383
Net result
€15,081▲ 71.0%
2024 · €8,817
Working capital
€48,956▲ 66.4%
2024 · €29,425
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,985▲ 41.1%€33,968▲ 47.8%€23,556▼ 30.7%€34,708▲ 47.3%€41,858▲ 20.6%
Net result€7,955▲ 198%€79,499▲ 899%€53,311▼ 32.9%€8,817▼ 83.5%€15,081▲ 71.0%
Equity€66,146▲ 13.7%€145,645▲ 120%€198,956▲ 36.6%€207,774▲ 4.4%€222,854▲ 7.3%
Total assets€879,782▼ 4.4%€948,906▲ 7.9%€949,025=€936,383▼ 1.3%€909,566▼ 2.9%
Debt€813,636▼ 5.6%€803,260▼ 1.3%€750,069▼ 6.6%€728,609▼ 2.9%€686,712▼ 5.8%
Working capital-€479,437▲ 3.6%-€266,442▲ 44.4%€38,850€29,425▼ 24.3%€48,956▲ 66.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €909,566
Fixed assets
€293,129 ▼ 10.0%
Current assets
€616,437 ▲ 0.9%
Equity and liabilities €909,566
Equity
€222,854 ▲ 7.3%
Debt
€686,712 ▼ 5.8%
Debt's share of the balance-sheet total falls from 77.8% to 75.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,277▲
2024 · €71,739
Cash flow
€47,500▲
2024 · €45,849
Current ratio
1.09▲
2024 · 1.05
Debt to equity
3.08▼
2024 · 3.51
ROE
6.8%▲
2024 · 4.2%
ROA
1.7%▲
2024 · 0.9%
Interest coverage
3.76▲
2024 · 3.29
Debt ≤ 1 year
€567,481▼
2024 · €581,409
Debt > 1 year
€118,901▼
2024 · €145,888
Income taxes
€7,038▲
2024 · €4,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,678 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,288 | €47,102 | €40,783 | €37,031 | €32,419 | ▼ 12.5% |
| Other operating charges640/8 | €5,321 | €5,450 | €5,534 | €5,127 | €5,298 | ▲ 3.3% |
| Gross operating margin9900 | €86,594 | €86,520 | €69,873 | €76,866 | €79,575 | ▲ 3.5% |
| Operating profit (loss)9901 | €22,985 | €33,968 | €23,556 | €34,708 | €41,858 | ▲ 20.6% |
| Financial income75/76B | - | €95,402 | €71,530 | - | - | - |
| Recurring financial income75 | - | €95,402 | €71,530 | - | - | - |
| Non-recurring financial income76B | - | €95,402 | €71,530 | - | - | - |
| Financial charges65/66B | €10,594 | €9,648 | €15,096 | €21,776 | €19,740 | ▼ 9.3% |
| Recurring financial charges65 | €10,594 | €9,648 | €15,096 | €21,776 | €19,740 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €12,391 | €119,722 | €79,991 | €12,932 | €22,118 | ▲ 71.0% |
| Income taxes67/77 | €4,436 | €40,223 | €26,680 | €4,115 | €7,038 | ▲ 71.0% |
| Profit (loss) for the period9904 | €7,955 | €79,499 | €53,311 | €8,817 | €15,081 | ▲ 71.0% |
| Profit (loss) for the period to be appropriated9905 | €7,955 | €79,499 | €53,311 | €8,817 | €15,081 | ▲ 71.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €879,782 | €948,906 | €949,025 | €936,383 | €909,566 | ▼ 2.9% |
| Fixed assets21/28 | €804,939 | €622,264 | €333,579 | €325,548 | €293,129 | ▼ 10.0% |
| Tangible fixed assets22/27 | €804,939 | €622,264 | €333,579 | €296,548 | €264,129 | ▼ 10.9% |
| Land and buildings22 | €804,939 | €611,568 | €323,991 | €288,067 | €256,755 | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €10,695 | €9,588 | €8,481 | €7,374 | ▼ 13.1% |
| Financial fixed assets28 | - | - | - | €29,000 | €29,000 | = |
| Current assets29/58 | €74,843 | €326,642 | €615,446 | €610,835 | €616,437 | ▲ 0.9% |
| Amounts receivable after more than one year29 | €9,800 | €9,800 | €9,800 | €9,800 | €9,800 | = |
| Other amounts receivable291 | €9,800 | €9,800 | €9,800 | €9,800 | €9,800 | = |
| Amounts receivable within one year40/41 | €2,091 | €70 | - | €20,589 | €66,996 | ▲ 225% |
| Trade receivables40 | - | - | - | - | €768 | - |
| Other amounts receivable41 | €2,091 | €70 | - | €20,589 | €66,229 | ▲ 222% |
| Cash at bank and in hand54/58 | €61,397 | €315,043 | €603,775 | €578,497 | €539,641 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | €1,556 | €1,729 | €1,870 | €1,949 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €879,782 | €948,906 | €949,025 | €936,383 | €909,566 | ▼ 2.9% |
| Equity10/15 | €66,146 | €145,645 | €198,956 | €207,774 | €222,854 | ▲ 7.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,268 | €119,767 | €173,078 | €181,896 | €196,977 | ▲ 8.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €38,408 | €117,907 | €171,218 | €180,036 | €195,117 | ▲ 8.4% |
| Profit (loss) carried forward14 | €7,278 | €7,278 | €7,278 | €7,278 | €7,278 | = |
| Amounts payable17/49 | €813,636 | €803,260 | €750,069 | €728,609 | €686,712 | ▼ 5.8% |
| Amounts payable after more than one year17 | €257,002 | €207,819 | €172,087 | €145,888 | €118,901 | ▼ 18.5% |
| Financial debts170/4 | €257,002 | €207,819 | €172,087 | €145,888 | €118,901 | ▼ 18.5% |
| Amounts payable within one year42/48 | €554,280 | €593,084 | €576,596 | €581,409 | €567,481 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €48,146 | €49,183 | €35,732 | €26,199 | €26,988 | ▲ 3.0% |
| Trade debts44 | €363 | - | - | - | - | - |
| Suppliers440/4 | €363 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1,773 | €38,018 | €29,169 | €32,347 | €7,333 | ▼ 77.3% |
| Taxes450/3 | €1,773 | €38,018 | €29,169 | €32,347 | €7,333 | ▼ 77.3% |
| Other amounts payable47/48 | €503,999 | €505,883 | €511,694 | €522,864 | €533,161 | ▲ 2.0% |
| Accrued charges and deferred income492/3 | €2,353 | €2,357 | €1,386 | €1,311 | €330 | ▼ 74.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,955 | €79,499 | €53,311 | €8,817 | €15,081 | ▲ 71.0% |
| + Depreciation and write-downs630 | €58,288 | €47,102 | €40,783 | €37,031 | €32,419 | ▼ 12.5% |
| Operating cash flow (approximation) | €66,243 | €126,601 | €94,094 | €45,849 | €47,500 | ▲ 3.6% |
| Investment in fixed assets (approximation) | - | €135,573 | €247,902 | -€29,000 | €0 | ▲ 100% |
| Change in cash | - | €253,646 | €288,732 | -€25,279 | -€38,856 | ▼ 53.7% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €200,000Eq €207,774 ▲4.4%
7 profitable years in a row build equity to €207,774.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €198,956 ▲36.6%
6 profitable years in a row build equity to €198,956.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €79,499 ▲899%
Net result €79,499, the highest in the series.
31-12
Financial
Equity above €100,000Eq €145,645 ▲120%
5 profitable years in a row build equity to €145,645.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zoutleeuw · 1 establishment unit since 1993
Ground area
506 m²
Building footprint
318 m²
Volume, LiDAR
2,161 m³
Parcel 24130A0037/00P000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ALPINI
since 19932.060.799.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24130A0037/00P000 | Flanders | 506 m² | 1 · 318 m² | 9.6 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of ALPINI and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448928272
Registered
09-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.