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ALSAI

Active
Private limited companyfounded 20205 yrs activeThibautstraat (Louis) 31, 1500 Halle, BelgiumKBO/BCE: BE 0757.743.907
Summary

The computed 12-month bankruptcy probability of ALSAI is 2.0% (moderate). The 2025 annual accounts show equity of €52,296 and a net result of €11,991. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 7564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability75▼-9
Solvency48=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 2.11 in 2024; short-term debt: 47.3% and cash: 16.8% of total assets), and 76.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
33 d early
2024
20 d early
2023
16 d early
2022
49 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALSAI was incorporated on 3 November 2020 as a Private limited company.1 Total assets rose from EUR 109,667 in 2022 to EUR 225,565 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€52,296▲ 0.9%
2024 · €51,805
Total assets
€225,565▼ 0.6%
2024 · €227,020
Net result
€11,991▼ 57.8%
2024 · €28,435
Working capital
€5,532▼ 93.5%
2024 · €85,239
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
Line2022202320242025
Operating result€35,964-€31,202▼ 13.2%€36,677▲ 17.5%€28,340▼ 22.7%
Net result€23,921-€18,449▼ 22.9%€28,435▲ 54.1%€11,991▼ 57.8%
Equity€28,921-€47,370▲ 63.8%€51,805▲ 9.4%€52,296▲ 0.9%
Total assets€109,667-€172,797▲ 57.6%€227,020▲ 31.4%€225,565▼ 0.6%
Debt€80,746-€125,426▲ 55.3%€175,215▲ 39.7%€173,269▼ 1.1%
Working capital-€729-€20,907€85,239▲ 308%€5,532▼ 93.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2022: €35,964€35,964Net result 2022: €23,921€23,921Operating result 2023: €31,202€31,202Net result 2023: €18,449€18,449Operating result 2024: €36,677€36,677Net result 2024: €28,435€28,435Operating result 2025: €28,340€28,340Net result 2025: €11,991€11,9912022202320242025€0€10,000€20,000€30,000€40,000Operating result 2023: €31,202€31,200Net result 2023: €18,449€18,400Operating result 2024: €36,677€36,700Net result 2024: €28,435€28,400Operating result 2025: €28,340€28,300Net result 2025: €11,991€12,000202320242025
The operating result falls in 2025; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225,565
Fixed assets €113,326 ▲ 74.1%
Current assets €112,239 ▼ 30.7%
Equity and liabilities €225,565
Equity €52,296 ▲ 0.9%
Debt €173,269 ▼ 1.1%
Debt's share of the balance-sheet total falls from 77.2% to 76.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€72,991▲
2024 · €67,843
Cash flow
€56,642▼
2024 · €59,602
Current ratio
1.05▼
2024 · 2.11
Debt to equity
3.31▼
2024 · 3.38
ROE
22.9%▼
2024 · 54.9%
ROA
5.3%▼
2024 · 12.5%
Interest coverage
9.35▼
2024 · 424.76
Debt ≤ 1 year
€106,707▲
2024 · €76,690
Debt > 1 year
€66,563▼
2024 · €98,524
Income taxes
€8,542▲
2024 · €8,082
Staff costs
€4,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 6,703 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€227,020€225,565▼
Fixed assets21/28€65,091€113,326▲
Tangible fixed assets22/27€65,091€113,326▲
Plant, machinery and equipment23€4,841€4,508▼
Furniture and vehicles24€58,564€108,121▲
Leasing and similar rights25€1,686€697▼
Current assets29/58€161,929€112,239▼
Amounts receivable within one year40/41€121,095€74,386▼
Trade receivables40€94,182€51,739▼
Other amounts receivable41€26,913€22,646▼
Cash at bank and in hand54/58€40,834€37,853▼
Equity and liabilities
Total equity and liabilities10/49€227,020€225,565▼
Equity10/15€51,805€52,296▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€46,805€47,296▲
Amounts payable17/49€175,215€173,269▼
Amounts payable after more than one year17€98,524€66,563▼
Financial debts170/4€98,524€66,563▼
Amounts payable within one year42/48€76,690€106,707▲
Current portion of amounts payable after more than one year42€24,819€38,053▲
Trade debts44€43,789€55,612▲
Suppliers440/4€43,789€55,612▲
Taxes, remuneration and social security45€8,082€13,042▲
Taxes450/3€8,082€10,042▲
Remuneration and social security454/9-€3,000
Income statement Code20242025
Remuneration, social security and pensions62-€4,843
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,167€44,651▲
Other operating charges640/8€2,311€2,521▲
Gross operating margin9900€70,154€80,355▲
Operating profit (loss)9901€36,677€28,340▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€160€7,808▲
Recurring financial charges65€160€7,808▲
Profit (loss) for the period before taxes9903€36,517€20,533▼
Income taxes67/77€8,082€8,542▲
Profit (loss) for the period9904€28,435€11,991▼
Profit (loss) for the period to be appropriated9905€28,435€11,991▼
Appropriation of the result
Profit (loss) to be appropriated9906€70,805€58,796▼
Profit (loss) brought forward from the previous period14P€42,370€46,805▲
Profit to be distributed694/7€24,000€11,500▼
Return on contributions (dividend)694€24,000€11,500▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A-€8,279---
Remuneration, social security and pensions62---€4,843-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,061€22,122€31,167€44,651▲ 43.3%
Other operating charges640/8€7,161€10,774€2,311€2,521▲ 9.1%
Gross operating margin9900€59,186€64,098€70,154€80,355▲ 14.5%
Operating profit (loss)9901€35,964€31,202€36,677€28,340▼ 22.7%
Financial income75/76B€0€5€0€2▲ 436%
Recurring financial income75€0€5€0€2▲ 436%
Financial charges65/66B€776€2,591€160€7,808▲ 4,789%
Recurring financial charges65€776€2,591€160€7,808▲ 4,789%
Profit (loss) for the period before taxes9903€35,188€28,615€36,517€20,533▼ 43.8%
Income taxes67/77€11,267€10,166€8,082€8,542▲ 5.7%
Profit (loss) for the period9904€23,921€18,449€28,435€11,991▼ 57.8%
Profit (loss) for the period to be appropriated9905€23,921€18,449€28,435€11,991▼ 57.8%
Line2022202320242025Change
Assets
Total assets20/58€109,667€172,797€227,020€225,565▼ 0.6%
Fixed assets21/28€42,193€90,563€65,091€113,326▲ 74.1%
Tangible fixed assets22/27€42,193€90,563€65,091€113,326▲ 74.1%
Plant, machinery and equipment23€4,469€4,693€4,841€4,508▼ 6.9%
Furniture and vehicles24€37,724€83,195€58,564€108,121▲ 84.6%
Leasing and similar rights25-€2,675€1,686€697▼ 58.7%
Current assets29/58€67,473€82,233€161,929€112,239▼ 30.7%
Amounts receivable within one year40/41€43,395€73,446€121,095€74,386▼ 38.6%
Trade receivables40€12,708€23,282€94,182€51,739▼ 45.1%
Other amounts receivable41€30,687€50,164€26,913€22,646▼ 15.9%
Cash at bank and in hand54/58€23,394€8,787€40,834€37,853▼ 7.3%
Deferred charges and accrued income490/1€685----
Equity and liabilities
Total equity and liabilities10/49€109,667€172,797€227,020€225,565▼ 0.6%
Equity10/15€28,921€47,370€51,805€52,296▲ 0.9%
Contributions10/11€5,000€5,000€5,000€5,000=
Outside capital11€5,000----
Other1109/19€5,000----
Profit (loss) carried forward14€23,921€42,370€46,805€47,296▲ 1.0%
Amounts payable17/49€80,746€125,426€175,215€173,269▼ 1.1%
Amounts payable after more than one year17€12,543€64,100€98,524€66,563▼ 32.4%
Financial debts170/4€12,543€64,100€98,524€66,563▼ 32.4%
Amounts payable within one year42/48€68,203€61,326€76,690€106,707▲ 39.1%
Current portion of amounts payable after more than one year42€4,355€25,067€24,819€38,053▲ 53.3%
Trade debts44€17,881€18,394€43,789€55,612▲ 27.0%
Suppliers440/4€17,881€18,394€43,789€55,612▲ 27.0%
Taxes, remuneration and social security45€45,967€17,866€8,082€13,042▲ 61.4%
Taxes450/3€11,267€10,166€8,082€10,042▲ 24.3%
Remuneration and social security454/9€34,700€7,700-€3,000-
Line2022202320242025Change
Profit (loss) for the period9904€23,921€18,449€28,435€11,991▼ 57.8%
+ Depreciation and write-downs630€16,061€22,122€31,167€44,651▲ 43.3%
Operating cash flow (approximation)€39,982€40,572€59,602€56,642▼ 5.0%
Investment in fixed assets (approximation)--€70,492-€5,694-€92,887▼ 1,531%
Change in cash--€14,606€32,047-€2,981▼ 109%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
29-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Weakest financial yearnet €11,991 ▼57.8%
Net result drops to €11,991, the lowest in the series.
11-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Highest result since 2022net €28,435 ▲54.1%
Operating result €36,677, net result €28,435, both a record.
15-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
13-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Halle · 1 establishment unit since 2020
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.

Thibautstraat (Louis) 311500 Halle
1 establishment unit
ALSAI
Thibautstraat (Louis) 31, 1500 HalleCrop and animal production, hunting and related service activities
since 20202.310.418.551

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,106 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
Founded03-11-2020
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757743907
Also 9925:BE0757743907

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.