ALPINO
ActiveALPINO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-460k) and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.58 in 2024; short-term debt: 96.8% and cash: 9.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-44.7%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9195 sector peers (2025).
NBB · sector comparisonPosition among 9195 sector peers
Solvency
better than 5%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
20 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
26 d late
2019
102 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€997k
EBIT margin
-13.6%
Net result
€18k
2024 · €-258k
2018: €-5k
2019: €62k
2020: €-137k
2021: €-117k
2022: €-740k
2023: €-460k
2024: €-258k
2018 → 2025
Working capital
€-29k▲ 93.6%
2024 · €-447k
2018: €17k
2019: €1.21M
2020: €1.03M
2021: €759k
2022: €12k
2023: €-312k
2024: €-447k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€979k-€240k▼ 75.5%€-220k€-478k▼ 117%€-460k▲ 3.8%
Operating result€-114k-€-737k▼ 546%€-468k▲ 36.6%€-254k▲ 45.7%€14k
Net result€-117k-€-740k▼ 530%€-460k▲ 37.8%€-258k▲ 43.9%€18k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €254k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€62k▼ 58.8%
Current assets
€967k▲ 54.6%
Key figures and ratios
EBITDA
€84k▲
2024 · €-176k
Cash flow
€88k▲
2024 · €-180k
Solvency
-44.7%▲
2024 · -61.6%
Current ratio
0.97▲
2024 · 0.58
Quick ratio
0.60▲
2024 · 0.12
Debt / equity
-3.24▼
2024 · -2.52
ROA
1.8%▲
2024 · -33.2%
Interest coverage
18.60▲
2024 · -39.87
Debt
€1.49M▲
2024 · €1.20M
Debt ≤ 1 year
€995k▼
2024 · €1.07M
Debt > 1 year
€4k▼
2024 · €11k
Income taxes
€746▲
2024 · €130
Staff costs
€67k▼
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€776k€1.03M▲
Fixed assets21/28€151k€62k▼
Intangible fixed assets21€118k€57k▼
Tangible fixed assets22/27€33k€5k▼
Land and buildings22€3k€1k▼
Plant, machinery and equipment23€11k€4k▼
Furniture and vehicles24€18k-
Financial fixed assets28€200-
Current assets29/58€625k€967k▲
Stocks and contracts in progress3€497k€370k▼
Stocks30/36€497k€370k▼
Amounts receivable within one year40/41€74k€501k▲
Trade receivables40€72k€499k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€54k€96k▲
Equity and liabilities
Total equity and liabilities10/49€776k€1.03M▲
Equity10/15€-478k€-460k▲
Contributions10/11€1.22M€1.22M=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-1.72M€-1.70M▲
Provisions and deferred taxes16€50k-
Provisions for liabilities and charges160/5€50k-
Major repairs and maintenance162€50k-
Amounts payable17/49€1.20M€1.49M▲
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Amounts payable within one year42/48€1.07M€995k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€50k€39k▼
Suppliers440/4€50k€39k▼
Taxes, remuneration and social security45€16k€99k▲
Taxes450/3-€93k
Remuneration and social security454/9€16k€6k▼
Other amounts payable47/48€1.00M€850k▼
Accrued charges and deferred income492/3€121k€489k▲
Income statement
Code20242025
Remuneration, social security and pensions62€137k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€70k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-69k€-51k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€50k€-50k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-56k€53k▲
Operating profit (loss)9901€-254k€14k▲
Financial income75/76B€774€9k▲
Recurring financial income75€774€609▼
Non-recurring financial income76B-€9k
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-258k€19k▲
Income taxes67/77€130€746▲
Profit (loss) for the period9904€-258k€18k▲
Profit (loss) for the period to be appropriated9905€-258k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.72M€-1.70M▲
Profit (loss) brought forward from the previous period14P€-1.46M€-1.72M▼
Social balance
Average headcount (FTE)90873.41.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after 5 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-740k
Net result drops to €-740k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 8.45
Current ratio from 2.01 to 8.45.
31-12
Financial
Equity above €1MEq €1.23M ▲6884%
Equity rises from €18k to €1.23M.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Ronse · 2 establishment units since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Charles de Gaullestraat 79600 RonseGround area
4,684 m²
Building footprint
2,872 m²
Volume, LiDAR
21,407 m³
2 parcels, Flanders · tallest building 17.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ALPINO
since 20232.340.757.478
ALPINO
since 20232.340.757.577
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D1126/00R000 | Flanders | 3,381 m² | 1 · 920 m² | 10.7 m · 2 fl. |
| 45423E0486/00E009 | Flanders | 1,303 m² | 1 · 1,952 m² | 17.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 1,001 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2016
Fiscal year end31-12
Activities, NACEBEL
13929Manufacture of textiles
68321Property management for co-owned buildings (syndics)
46496Wholesale trade
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.