ALPIYA
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 52 days after the deadline Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00518167.
Annual accounts 2025 filed on 21-09-2026 at the NBB all 17 filings
Every figure per financial year
The operating result for 2025 is a loss of €16,976, smaller than the loss of €53,116 in 2024.
- 2025 Equity -62%, Total assets -62% on 2024. Capital reduction of €3,000,000 (Official Gazette 12-05-2025).
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €1.6m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.09m | €0.04m | €0.6m | €0.05m | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | - | €0.002m | €0 | ▼ 100% |
| Gross operating margin9900 | -€2.0m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | €0.9m | -€0.05m | -€0.02m | ▲ 66.8% |
| Operating profit (loss)9901 | -€2.0m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | €0.9m | -€0.05m | -€0.02m | ▲ 68.0% |
| Financial income75/76B | - | - | - | - | - | €0.01m | €0.1m | €0.07m | ▼ 50.5% |
| Recurring financial income75 | €0.09m | - | - | - | - | €0.01m | €0.1m | €0.07m | ▼ 50.5% |
| Financial charges65/66B | - | - | - | €0.002m | €0.002m | €1.1m | - | €1 | - |
| Recurring financial charges65 | €0.4m | €106 | €442 | €0.002m | €0.002m | €281 | - | €1 | - |
| Non-recurring financial charges66B | - | - | - | - | - | €1.1m | - | - | - |
| Profit (loss) for the period before taxes9903 | -€5.2m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | -€0.1m | €0.1m | €0.06m | ▼ 40.8% |
| Income taxes67/77 | €0.001m | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€5.2m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | -€0.1m | €0.1m | €0.06m | ▼ 40.8% |
| Profit (loss) for the period to be appropriated9905 | -€5.2m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | -€0.1m | €0.1m | €0.06m | ▼ 40.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.4m | €5.0m | €4.9m | €4.8m | €4.8m | €5.2m | €4.7m | €1.8m | ▼ 62.0% |
| Current assets29/58 | €5.4m | €5.0m | €4.9m | €4.8m | €4.8m | €5.2m | €4.7m | €1.8m | ▼ 62.0% |
| Amounts receivable after more than one year29 | - | - | - | €4.1m | €4.1m | - | - | - | - |
| Other amounts receivable291 | - | - | - | €4.1m | €4.1m | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | - | €1.6m | €0.05m | €0.07m | ▲ 46.3% |
| Other amounts receivable41 | - | - | - | - | - | €1.6m | €0.05m | €0.07m | ▲ 46.3% |
| Cash at bank and in hand54/58 | €1.4m | €0.9m | €0.9m | €0.8m | €0.7m | €3.7m | €4.7m | €1.7m | ▼ 63.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.01m | €0.02m | €0.007m | ▼ 69.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.4m | €5.0m | €4.9m | €4.8m | €4.8m | €5.2m | €4.7m | €1.8m | ▼ 62.0% |
| Equity10/15 | €5.4m | €5.0m | €4.9m | €4.8m | €4.8m | €4.6m | €4.7m | €1.8m | ▼ 62.0% |
| Contributions10/11 | €10.2m | €10.2m | €10.2m | €10.2m | €10.2m | €10.2m | €10.2m | €7.2m | ▼ 29.5% |
| Capital10 | - | - | - | €10.2m | €10.2m | €10.2m | €10.2m | €7.2m | ▼ 29.5% |
| Issued capital100 | - | - | - | €10.2m | €10.2m | €10.2m | €10.2m | €7.2m | ▼ 29.5% |
| Profit (loss) carried forward14 | -€4.7m | -€5.2m | -€5.3m | -€5.4m | -€5.4m | -€5.5m | -€5.4m | -€5.4m | ▲ 1.0% |
| Amounts payable17/49 | - | - | - | - | - | €0.6m | €0.005m | €0.002m | ▼ 50.3% |
| Amounts payable within one year42/48 | - | - | - | - | - | €0.6m | €0.005m | €0 | ▼ 100% |
| Trade debts44 | - | - | - | - | - | €0.6m | €0.005m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | - | - | €0.6m | €0.005m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5.2m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | -€0.1m | €0.1m | €0.06m | ▼ 40.8% |
| Operating cash flow (approximation) | -€5.2m | -€0.5m | -€0.07m | -€0.09m | -€0.04m | -€0.1m | €0.1m | €0.06m | ▼ 40.8% |
| Change in cash | - | -€0.5m | -€0.07m | -€0.09m | -€0.04m | €2.9m | €1.0m | -€3.0m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as ALPIYA has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of ALPIYA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for ALPIYA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-09-2026 | 2026-00518167 | |
| 31-12-2024 | abbreviated format | 08-01-2026 | 2026-00004632 | |
| 31-12-2023 | abbreviated format | 26-10-2024 | 2024-00515537 | |
| 31-12-2022 | abbreviated format | 15-08-2023 | 2023-00328461 | |
| 31-12-2021 | abbreviated format | 27-07-2022 | 2022-20227706 | |
| 31-12-2020 | abbreviated format | 28-11-2021 | 2021-78600398 | |
| 31-12-2019 | abbreviated format | 23-01-2021 | 2021-01900157 | |
| 31-12-2018 | abbreviated format | 12-08-2019 | 2019-45900400 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28600192 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21500116 |