Alshaer Group
ActiveThe computed 12-month bankruptcy probability of Alshaer Group is 3.2% (moderate). The annual accounts of Alshaer Group for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-2k. Its solvency ranks better than 16% of 4422 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-35
Solvency31▼-14
Growth32
Track record82
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.88 against 0.21 in 2024; short-term debt: 94.2% and cash: 0% of total assets), and 94.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
5.8%
Return on assets
-8.7%
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 16% of 4422 sector peers (2025).
NBB · sector comparisonPosition among 4422 sector peers
Solvency
better than 16%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 d early
2024
39 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€26k
EBIT margin
12.2%
Net result
€-2k
2024 · €2k
2024: €2k
2024 → 2025
Working capital
€-2k▲ 75.8%
2024 · €-9k
2024: €-9k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€26k-
Equity€3k-€1k▼ 59.8%
Operating result€3k-€-2k
Net result€2k-€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€3k▼ 71.9%
Current assets
€17k▲ 599%
Equity and liabilities €20k
Equity
€1k▼ 59.8%
Debt
€19k▲ 63.6%
The debt ratio rises from 79.9% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €9k
Cash flow
€2k▼
2024 · €8k
Solvency
5.8%▼
2024 · 20.1%
Current ratio
0.88▲
2024 · 0.21
Quick ratio
0.88▲
2024 · 0.21
Debt / equity
16.15▲
2024 · 3.97
ROE
-148.7%▼
2024 · 82.7%
ROA
-8.7%▼
2024 · 16.6%
Interest coverage
9.22▼
2024 · 37.37
Debt
€19k▲
2024 · €11k
Debt ≤ 1 year
€19k▲
2024 · €11k
Income taxes
€-65▼
2024 · €596
Staff costs
€659▼
2024 · €3k
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€14k€20k▲
Fixed assets21/28€12k€3k▼
Tangible fixed assets22/27€12k€3k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€5k-
Current assets29/58€2k€17k▲
Amounts receivable within one year40/41€2k€17k▲
Trade receivables40€1k€16k▲
Other amounts receivable41€1k€361▼
Cash at bank and in hand54/58-€3
Equity and liabilities
Total equity and liabilities10/49€14k€20k▲
Equity10/15€3k€1k▼
Contributions10/11€500€500=
Profit (loss) carried forward14€2k€660▼
Amounts payable17/49€11k€19k▲
Amounts payable within one year42/48€11k€19k▲
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€963€531▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€6k€4k▼
Income statement
Code20242025
Turnover70€26k-
Goods, raw materials, services and sundry goods60/61€13k-
Remuneration, social security and pensions62€3k€659▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€943€5k▲
Gross operating margin9900€13k€7k▼
Operating profit (loss)9901€3k€-2k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€243€191▼
Recurring financial charges65€243€191▼
Profit (loss) for the period before taxes9903€3k€-2k▼
Income taxes67/77€596€-65▼
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€660▼
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (6 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
NBB filing
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2024
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.
Jules Moretuslei 4132610 AntwerpenGround area
504 m²
Building footprint
250 m²
Volume, LiDAR
2,397 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FIRST TOUCH
since 20242.356.301.135
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0040/00R004 | Flanders | 322 m² | 1 · 105 m² | 10.5 m · 3 fl. |
| 11019B0096/00H000 | Flanders | 183 m² | 1 · 145 m² | 10.1 m · 3 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.
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Of 7,356 companies in sector 81210 we hold annual accounts for 2,731. 496 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2024
Fiscal year end31-12
Activities, NACEBEL
81210General cleaning of buildings
41003General construction of other non-residential buildings
46190Agents in non-specialised wholesale trade
47120Other non-specialised retail sale
47540Retail sale of electrical household appliances
47910Retail trade
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.