Equity
ALSIC has made a profit in every financial year since 2007.
ALSIC has made a profit in every financial year since 2007.
Debts rose by €720,971 in 2025.
Green is investment, beige is depreciation.
In 2025, 7 people joined and 5 left.
The last five annual accounts were filed 67 to 101 days before the end of the period.
Higher net result than 95% of companies in computer programming and consultancy. Sector median €22,956 · 3,406 companies.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small). It does better than 53% of them on solvency, 48% on liquidity, 97% on profitability and 40% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as ALSIC has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of ALSIC itself: 0.2% within 12 months.
The method was tested on the 497,448 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 20,137 companies, not a prediction for ALSIC. 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.
Liquidity is ample, with a current ratio of 1.74 (2.07 in 2024), above the usual 1.5. Short-term debt is 49.7% and cash 16.8% of total assets. However, 58.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 80 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALSIC Ghent | - | - | 41.4% | 27.4 |
| HRlinkIT Leuven | - | - | 52.3% | 23.5 |
| XTREME-INTEGRATIONS Kontich | €8.4m | 10.2% | 58.0% | 31.4 |
| INPUT FOR YOU Dilbeek | - | - | 42.8% | 44.1 |
| BMATIX Kontich | €7.5m | 7.3% | 30.0% | 43.7 |
| FAROS Kontich | €4.8m | 11.9% | 71.3% | 37.7 |
| Wortell Belgium Ghent | - | - | 34.4% | 48.3 |
These companies have the same main activity as ALSIC: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €3m and €3.9m, founded between 1999 and 2006.
ALSIC files the abbreviated format. That format states no turnover. The gross margin rose from €596,062 in 2007 to €4.4m in 2025.
ALSIC INVEST holds all the shares. In July 2022, the Official Gazette published the appointment of ALSIC INVEST as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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