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ALSOCO

Active Private limited companyfounded 1988active for 38 yearsKempische Kaai 75, 3500 HasseltKBO/BCE: BE 0433.975.426 subsidiary of STEPS INVEST
ALSOCO
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Overview

Lifetime

19 annual accounts with figures on one time axis, 37 filings since 1989
peak €3.0m (2020)
€357,104▲ 9.3%
lowest -€205,658 (2022)
-€52,895▲ €15,117
peak €1.9m (2020)
€579,338▼ 8.4%
€15.1m▼ 3.1%
Board4 names since 2016
2 directorsCHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT and 1 other
Owners2 names in the annual accounts
52.04%STEPS INVEST
Documentsfilings and deeds
26-01-20265 days before the deadline
2025abbreviated format
Loss of €52,895Cash from €1.1m to €471,501

Key points

from the 2025 annual accounts

Equity

€579,338 from €1.9m in 2020

Equity fell by 70% in 5 years.

Losses

-€363,007 in five years
-32,0312021-205,6582022-4,4112023-68,0122024-52,8952025

Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.

Debts

€15.1m 95% of the balance sheet
Financial debts 35%Suppliers 0%Taxes and wages 0%Other 65%

Of this, €4.9m falls due within a year.

Investments

€81,546 0.3 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Position in the sector

-€52,895

Lower net result than 84% of companies in real estate. Sector median €9,997 · 11,290 companies.

Checked score

91
Excellent
Financially stronger than 30% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Weak

29=equity 3.6% of total assets
41-10short-term debt 30.7% · cash 3.0%
39+1return on assets -0.3%

Score breakdown

raises risk
Equity €579,338 (3.6% of total assets)
Liquidity: current ratio 2.23, cash €471,501, halved
lowers risk
Size: total assets €15.9m
Founded in 1988
Calculation

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 68, medium-sized). It does better than 21% of them on solvency, 33% on liquidity, 45% on profitability and 22% on growth.

The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.

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).

Comparable companies, two years later

In July 2024, 140 companies had the same profile as ALSOCO has now. Each dot is one company, two years later.

96.4%
were still trading
1.4%
stopped another way
2.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency under 10%
  • a small loss

The bankruptcy probability of ALSOCO itself is lower: 0.1% within 12 months. It rests on far more data about ALSOCO than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 140 companies, not a prediction for ALSOCO. 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.

Credit verdict

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.23 (3.1 in 2024), above the usual 1.5. Short-term debt is 30.7% and cash 3% of total assets. However, 96.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €15.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €579,338 (3.6% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.23, cash €471,501, halved
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€52,895
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 11299 sector peers (2025).
NBB · sector comparison
Position among 11299 sector peers
Solvency
better than 22%
← weakest strongest →
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 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
5 days early
2024
42 days early
2023
on the day
2022
40 days early
2021
3 days late
2020
1 day late
2019
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 January (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CK
CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
Director, since 06-04-2016
CR
CK RED BV
Director, Christopher Kumpen, since 06-04-2016

Shares in 2 companies, BERTAIL and GASTHOF KWAADMECHELEN

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0433975426
Environmental permit granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Halen
Amendment of the articles STEPS INVEST holds 1 share · STEPS INVEST holds 4,620 shares · 4,621 shares · General meeting of 20-02-2023 · Gazette deed
Environmental permit granted Bouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 3 more · Halen
All 58 events

Comparable companies

same main activity, similar in size and age
Company
ALSOCO Hasselt €15.9m €357,104 3.6% -
FABIOLA Koksijde €18.5m €328,898 97.8% 0
NIFIKA Kortrijk €13.0m €300,602 64.9% 0
STOCK PROJECTS Maldegem €21.3m €372,980 73.0% 2.6
DEBIFIN Kruisem €13.5m €485,290 18.2% 0
JOYCE INVEST Bruges €15.7m €624,614 36.8% 0
HIMVAS Hasselt €23.1m €835,395 77.0% 0

These companies have the same main activity as ALSOCO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €13m and €23m, founded between 1987 and 1992.

Official details

Source: KBO
Status
Active since 11-04-1988Normal situation
Registered office
29 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Development of residential building projectsNACE 68121and 1 other
Establishment unit
2.038.154.7933500 Hasselt, since 24-05-1988
Financial year end
30 June
Peppol
Reachable since 15-10-2025
Company details

Annual accounts to 30-06-2025

€357,104▲ 9.3%
≈ €630,000estimated
€52,895▼ 22.2%
€579,338▼ 8.4%
€15.9m▼ 3.4%
Filing
Filed on 26-01-2026, 5 days before the end of the filing period
Financials

Insights on ALSOCO

ALSOCO files the abbreviated format. That format states no turnover. The gross margin rose from €41,769 in 2007 to €357,104 in 2025.

STEPS INVEST holds 52.04% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 26-01-2026, 5 days before the deadline
€357,104
▲ 9.3%
€92,651
▲ 21.5%
-€52,895
▲ €15,117
€6.0m
▼ 21.6%
3.6%
▼ 0.2 percentage points
2.23
▼ 0.88

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €630,000. Estimated: probably between €480,000 and €1.0m.

Balance sheet

balance sheet total €15.9m on 30-06-2025
What the company ownsHow it is paid for

in euro

in €m

Position in the sector

Compare with sector

3.6%

Higher than 22% of 11,299 companies in 2025.

2.23

Higher than 71% of 10,851 companies in 2025.

-0.3%

Higher than 35% of 11,184 companies in 2025.

ALSOCO Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 15.9m16.5m8.3m6.4m6.5m2.8m3.3m3.0m2.9m2.9m2.3m2.2m1.1m799,220864,896786,657707,473863,127787,295
21/28 5.1m5.2m5.3m3.6m3.6m-3.2m2.9m2.8m2.5m2.0m2.0m878,996618,879619,127619,126694,627802,127649,426
21 479,510563,966648,422732,878612,335--------------
22/27 4.6m4.7m4.7m2.9m3.0m-3.2m2.9m2.8m2.5m2.0m2.0m878,996618,631618,631618,630694,131801,631648,930
22 4.3m4.5m4.6m2.8m2.9m-3.2m2.9m2.8m2.5m2.0m2.0m878,996618,631618,631618,630694,131801,631644,904
23 --1,8535,8629,870--------------
24 ---209558-------------4,026
27 268,809196,117105,67183,45734,021--------------
28 1,100------------248496496496496496
29/58 10.9m11.3m3.0m2.8m2.9m2.8m106,563111,87385,574342,639270,779228,707181,134180,341245,770167,53112,84661,000137,869
29 7.8m8.0m-----------------
291 7.8m8.0m-----------------
3 ---------254,699209,429171,278131,572115,07085,28251,50011,00061,00072,000
37 ---------254,699209,429171,278131,572115,07085,28251,50011,00061,00072,000
40/41 2.6m2.2m2.1m2.0m1.9m1.1m98,555103,77578,77582,27554,20550,96149,05557,50546,4872,0311,846-65,869
40 457,070261,960217,918152,921148,530111,68098,555103,77578,77582,27554,20549,05549,05557,50545,8342,031243-10,000
41 2.2m2.0m1.9m1.8m1.7m982,920-----1,906-0654-1,603-55,869
54/58 471,5011.1m876,699817,8611.1m1.7m2,5632,6531,3542201,6991,0235077,766-----
490/1 663-09,166--5,4455,4455,4455,4455,4455,445--114,000114,000---
Balance sheet: equity and liabilities
10/49 15.9m16.5m8.3m6.4m6.5m2.8m3.3m3.0m2.9m2.9m2.3m2.2m1.1m799,220864,896786,657707,473863,127787,295
10/15 579,338632,233700,245704,656910,3131.9m-31,28614,97060,240123,507108,953182,888269,32687,05386,48584,83586,03584,93583,388
10/11 52,58252,58252,58252,58252,582114,552114,552114,552114,552114,552114,552114,552114,552114,552114,552114,551114,552114,552114,551
100 -----114,552114,552114,552114,552114,552114,552114,552114,552114,552114,552114,551114,552114,552114,551
12 ------260,366260,366260,366260,366260,366260,366260,366------
13 670,332729,136787,940831,002853,2121.8m-------------
132 670,332729,136787,940831,002853,2121.8m-------------
14 -143,576-149,485-140,277-178,9294,51986-406,203-359,947-314,677-251,410-265,964-192,030-105,592-27,499-28,067-29,716-28,517-29,617-31,163
16 223,444243,045262,647277,001284,404759,859-------------
168 223,444243,045262,647277,001284,404759,859-------------
17/49 15.1m15.6m7.3m5.4m5.3m149,3623.3m3.0m2.9m2.7m2.2m2.1m790,805712,167778,411701,822621,438778,192703,907
17 2.2m3.8m3.6m----------------
170/4 2.2m3.8m3.6m----------------
42/48 4.9m3.6m3.6m5.4m5.3m149,3623.2m3.0m2.8m2.7m2.2m2.1m787,055707,709772,590701,822614,174778,192703,907
42 193,087187,094122,402-765----------551,300551,300676,300520,300
43 3.1m1.7m1.7m3.4m3.2m-2.3m2.3m2.3m2.3m1.8m1.8m555,022551,300690,972117,89315,78315,66826,255
430/8 3.1m1.7m1.7m3.4m3.2m-2.3m2.3m2.3m2.3m1.8m1.8m555,022551,300690,972117,89315,78315,66826,255
44 35,07824,08643,1727,2758,93231,51275075021,5932,4712,5657503,55118,3745,2075,436944213350
440/4 35,07824,08643,1727,2758,93231,51275075021,5932,4712,5657503,55118,3745,2075,436944213350
45 5,41227,39213,6731,55710,55312,745----18,59115,78315,79022,43310,2963,7232,4683,7166,847
450/3 5,41227,39213,6731,55710,44312,745----18,59115,78315,79022,43310,2963,7232,4683,7166,847
454/9 ----111--------------
47/48 1.6m1.7m1.8m2.0m2.0m105,105946,512688,802564,802446,725350,942285,192212,692115,60366,11623,47043,67982,295150,155
492/3 8.0m8.2m68,14035,20130,969-90,79550,16828,22614,6445,9643,7503,7504,4585,821-7,264--
Income statement
76A --1,5002,592-750-------826---23,726-
9900 357,104326,742501,16267,14753,0853.0m-7024,74840,416109,94412,241-1,483-4,63068,46168,10784,78953,35118,84341,769
62 ---84826,437897--------------
630 245,674246,512322,767177,61782,747------------4,0264,026
640/8 18,7793,20687,40541,8051,936259551,0169549549499309481,8869226,69618,3616,8447,902
66A -75221,350-2,519-------------1,930
9901 92,65176,27270,488-178,711-35,0143.0m-1,02523,73239,462108,99011,293-2,413-5,57866,57667,18478,09334,9907,97329,841
75/76B 2--1------------12,47712,94413,500
75 2--1------------12,47712,94413,500
65/66B 134,737136,49482,18634,3544,12311,80545,23169,002102,72994,43585,22784,02572,51565,85463,61377,37844,44640,22733,902
65 134,737136,49482,18634,3544,12311,80545,23169,002102,72994,43585,22784,02572,51565,85463,61377,37844,44640,22733,902
9903 -42,084-60,221-11,698-213,064-39,1383.0m-46,256-45,270-63,26714,555-73,935-86,438-78,0931,5483,5717153,0214,4167,509
780 19,60119,60114,3547,403---------------
67/77 30,41227,3927,067-43,28012,745-------9811,9211,9141,9212,8706,847
9904 -52,895-68,012-4,411-205,658-32,0312.2m-46,256-45,270-63,26714,555-73,935-86,438-78,0935681,650-1,1991,1001,546662
789 58,80458,80443,06222,21031,159--------------
689 -----1.8m-------------
9905 5,909-9,20838,652-183,448-872411,289-46,256-45,270-63,26714,555-73,935-86,438-78,0935681,650-1,1991,1001,546662
Appropriation of the result
9906 -143,576-149,485-140,277-178,929-7865,086-406,203-359,947-314,677-251,410-265,964-192,030-105,592-27,499-28,067-29,716-28,517-29,617-31,163
14P -149,485-140,277-178,9294,519---------------
791/2 ----5,305--------------
694/7 -----5,000-------------
695 -----5,000-------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 18 older financial years (1989-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 26-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 26-01-2026 2026-00016329 PDF
30-06-2024 abbreviated format 20-12-2024 2024-00623606 PDF
30-06-2023 abbreviated format 31-01-2024 2024-00024316 PDF
30-06-2022 abbreviated format 22-12-2022 2022-20545854 PDF
30-06-2021 abbreviated format 03-02-2022 2022-04900073 PDF
30-06-2020 abbreviated format 01-02-2021 2021-04200068 PDF
30-06-2019 abbreviated format 13-01-2020 2020-01000122 PDF
30-06-2018 abbreviated format 19-12-2018 2018-74800475 PDF
30-06-2017 abbreviated format 09-02-2018 2018-04700333 PDF
30-06-2016 abbreviated format 09-01-2017 2017-00500354 PDF
30-06-2015 abbreviated format 15-01-2016 2016-01900094 PDF
30-06-2014 abbreviated format 16-02-2015 2015-04300424 PDF
30-06-2013 abbreviated format 28-02-2014 2014-05700219 PDF
30-06-2012 abbreviated format 11-02-2013 2013-03600068 PDF
31-03-2011 abbreviated format 29-02-2012 2012-05200580 PDF
31-03-2010 abbreviated format 30-11-2010 2010-61800463 PDF
31-03-2009 abbreviated format 12-11-2009 2009-85000277 PDF
31-03-2008 abbreviated format 22-10-2008 2008-78900294 PDF
31-03-2007 abbreviated format 06-11-2007 2007-79700095 PDF
31-03-2006 abbreviated format 14-08-2006 2006-63301904 PDF
31-03-2005 abbreviated format 12-07-2005 2005-47000366 PDF
31-03-2004 abbreviated format 02-08-2004 2004-57601810 PDF
31-03-2003 abbreviated format 30-07-2003 2003-55305308 PDF
31-03-2002 abbreviated format 31-10-2002 2002-69600697 PDF
31-03-2001 abbreviated format 04-07-2001 2001-33505153 PDF
31-03-2000 abbreviated format 05-09-2000 2000-54703862 PDF
31-03-1999 abbreviated format 12-08-1999 1999-41003732 PDF
31-03-1998 abbreviated format 05-08-1998 1998-39100152 PDF
31-03-1997 abbreviated format 02-07-1997 1997-26102622 PDF
31-03-1996 abbreviated format 28-08-1996 1996-41503805 PDF
31-03-1995 abbreviated format 28-06-1995 1995-31100528 PDF
31-03-1994 abbreviated format 29-08-1994 1994-37405269 PDF
31-03-1993 abbreviated format 15-09-1993 1993-35801510 PDF
31-03-1992 abbreviated format 07-12-1992 1992-39802265 PDF
31-03-1991 abbreviated format 23-09-1991 1991-26003038 PDF
31-03-1990 abbreviated format 17-09-1990 1990-23903097 PDF
31-03-1989 abbreviated format 16-11-1989 1989-25704161 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
338,325322,785393,255-1,09547,733------------11,99933,867
192,779178,500318,356-28,04150,716------------5,5724,688
82,646169,6462.0m235,2734.2m-254,58467,44435,436493,150-1.1m-----183,000494,002
-599,166193,96958,839-248,140-672,2261.7m-901,2991,134-1,480676516-7,259------
6.0m7.6m-665,011-2.6m-2.3m2.7m-3.1m-2.8m-2.8m-2.4m-1.9m-1.8m-605,921-527,368-526,821-534,291-601,328-717,192-566,038
3.6%3.8%8.4%11.0%14.0%67.9%-1.0%0.5%2.1%4.3%4.8%8.1%25.4%10.9%10.0%10.8%12.2%9.8%10.6%
2.233.100.820.520.5618.970.030.040.030.130.120.110.230.250.320.240.020.080.20
2.233.100.820.520.5618.970.030.040.030.030.030.030.060.090.210.170.000.000.09
26.1424.7210.467.735.830.08--47.5622.1020.0011.282.948.189.008.277.229.168.44
-9.1%-10.8%-0.6%-29.2%-3.5%115.4%--302.4%-105.0%11.8%-67.9%-47.3%-29.0%0.7%1.9%-1.4%1.3%1.8%0.8%
-0.3%-0.4%-0.1%-3.2%-0.5%78.4%-1.4%-1.5%-2.2%0.5%-3.2%-3.8%-7.4%0.1%0.2%-0.2%0.2%0.2%0.1%
2.512.364.78-0.03---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€81,546€169,646€2.0m€35,273
Intangible fixed assets---€200,000
Financial fixed assets€1,100---
€245,674€246,512€322,767€177,617

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ALSOCO

The operating result for 2025 is 21% higher than in 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 94.7% to 95.0%. Equity and debt are lower.

Large changes and their cause
  • 2023 Net result +98% on 2022. Merger absorbing GASTHOF KWAADMECHELEN, Official Gazette 26-08-2021, in the previous financial year. That operation now counts for a full year for the first time. Demerger to Immersimmo, Official Gazette 26-08-2021, in the previous financial year. That operation now counts for a full year for the first time.
  • 2022 Net result -542% on 2021. Merger absorbing GASTHOF KWAADMECHELEN, Official Gazette 26-08-2021. Demerger to Immersimmo, Official Gazette 26-08-2021.

Board & ownership

Board

2 directors, last change in 2021
CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
Sole director (not named in the articles), permanent representative KUMPEN Christopher
since 06-04-2016
listed in the 2025 annual accounts, filed on 26-01-2026
CK RED BV
Director (not named in the articles), permanent representative Christopher Kumpen
since 06-04-2016 term without a fixed end
listed in the 2025 annual accounts, filed on 26-01-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly, or a managing director alone
deed of 26-08-2021
Permanent representatives 1
Christopher Kumpen
Permanent representative, for CK RED BV
appointed by deed of 26-08-2021

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
Sole director (not named in the articles)
CK RED BV
Director (not named in the articles)
HORRIX Eric
Director
STEPS & Co
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
    • Sole director (not named in the articles), from 06-04-2016 to date
  • CK RED BV
    • Director (not named in the articles), from 06-04-2016 to date
  • HORRIX Eric
    • Director, until 31-01-2020
  • STEPS & Co
    • Director, until 31-01-2020

See the board, name and registered office on a given date →

Control

Parent
STEPS INVEST
Equity €422,060
Profit €248,800 in 2025 (loss €265 in 2024)
Checked score 92
Source: accounts STEPS INVEST 30-06-2025
52.04%
This company
ALSOCO
Equity €579,338
Loss €52,895 in 2025

Capital

Contribution
€52,582.30
Shares
4,621
Contribution per share
€11.38
Equity per share
€125 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
STEPS INVEST
99.93%52.04%
52.04%
LIVE LAUD
100%
100% until 2012
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 28-02-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of December at 11:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Niet meer dan 3 maanden vóór algemene vergadering, staat van activa en passiva”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Meest uitgebreide machten zonder voorafgaande machtiging algemene vergadering, onbepaalde duur tenzij anders beslist”

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 28-02-2023 ↗
  • STEPS INVEST 1 share
At incorporation deed of 26-08-2021 ↗
  • Steps Invest BV 4,619 shares (100%)
  • CK Red BV 1 share (0%)
  • Christopher Kumpen 1 share (0%)
Capital over time
  1. 28-02-2023 Capital stated in the deed · 4,621 shares
  2. 26-08-2021 Incorporation · €15,550.49 · 4,621 shares
  3. 26-08-2021 Incorporation · €23,907.82 · 4,621 shares
  4. 26-08-2021 Capital reduction · “zonder vernietiging van aandelen door evenredige vermindering fractiewaarde”
  5. 26-08-2021 Incorporation · €22,510.99 · 4,621 shares
  6. 23-06-2021 Capital stated in 2 deeds · €114,551.60 · 4,621 shares

Network & group

Group

STEPS INVEST has 7 holdings (accounts to 30-06-2025), the bar shows equity in euros
ParentSTEPS INVEST7 holdings, 1 country accounts to 30-06-2025

Belgium 7 Year Equity Result

  • BE ALSOCO52.04% 2025€579,338 result -€52,895 (2025)
  • BE Steps Real Estate BV49.46% 2025€4.4m result €415,304 (2025)
  • BE JAZZUP99.95% 2024€3.4m result -€830 (2024)
  • BE DOCKLANDS50% 2025€918,428 result -€69,100 (2025)
  • BE IMMERSIMMO99.95% 2025€393,254 result -€8,277 (2025)
  • BE Bree Residential NV45% 2025€71,341 result €464 (2025)
  • BE Avondtroodt BVBA50% 2025€18,476 result €15,302 (2025)

Source: list of holdings in the 30-06-2025 accounts of STEPS INVEST. Every holding stands with its own latest accounts.

At the same address

Kempische Kaai 75, 3500 Hasselt · 28 other companies
DOCKLANDS
registered office since 13-12-2013 · founded in 2013
 turnover €4.0m (2025)
0543.268.393
STEPS INVEST
registered office since 26-01-2010 · founded in 2010
 total assets €19.8m (2025)
0822.731.927
LIVE LAUD
registered office since 10-06-2008 · founded in 2008
 3.8 FTE (2025)
0898.510.307
THONIS
registered office since 21-10-2019 · founded in 2019 · negative equity (2025)
 total assets €7.0m (2025)
0736.587.712
MONTAGNA
registered office since 06-09-2022 · founded in 2022 · negative equity (2025)
 total assets €4.0m (2025)
0790.486.157
HABITALE
registered office since 06-09-2022 · founded in 2022 · negative equity (2025)
 total assets €3.7m (2025)
0790.485.761
B.A. INVEST
registered office since 02-03-1994 · founded in 1990
 total assets €3.6m (2025)
0442.046.519
AVONDTROODT
registered office since 14-07-2015 · founded in 2015
 total assets €3.3m (2025)
0633.839.669
Immersimmo
registered office since 18-08-2021 · founded in 2021
 total assets €3.0m (2025)
0772.652.213
LIVILA
registered office since 20-09-2024 · founded in 2024
 total assets €2.6m (2025)
1013.826.776
and 18 more

Holdings and subsidiaries

2 holdings

Holdings 2

Acquisitions and mergers

5 transactions
Took over:Bertail
BE 0697.903.122operation treated as a merger by absorption · Gazette deed of 26-08-2021 (6 deeds) · effective 30-07-2021
BE 0448.888.185merger by absorption · Gazette deed of 26-08-2021 (6 deeds)
Split off to:Immersimmo
Gazette deed of 26-08-2021
Split off to:Jazzup
partial demerger · Gazette deed of 26-08-2021 (2 deeds)
Split off to:Reso Nation
partial demerger · Gazette deed of 26-08-2021 (2 deeds)

Connections & network

2 current directors
Depth

The network starts from the directors of ALSOCO. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

58 events since 1988

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 5 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0433975426
2024
Annual accounts 2024 filed PDFabbreviated format · 42 days before the deadline
Liquidity more than triples current ratio 3.10 The current ratio rises from 0.82 to 3.10.
Annual accounts 2023 filed PDFabbreviated format · on the deadline day
2023
Environmental permit granted OmgevingsloketNieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Halen
Amendment of the articlesSTEPS INVEST holds 1 share · STEPS INVEST holds 4,620 shares · 4,621 shares · General meeting of 20-02-20234 points ▸
  • General meeting, 20-02-2023
  • STEPS INVEST holds 1 share
  • STEPS INVEST holds 4,620 shares
  • 4,621 shares
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFabbreviated format · 40 days before the deadline
Weakest financial year net -€205,658 The net result drops to -€205,658, the lowest from 2007 to 2025. It recovers the following year.
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 3 more · Halen
Annual accounts 2021 filed PDFabbreviated format · 3 days late
2021
Demerger: ALSOCO splits off to JazzupFounding capital of €15,550.49 · Capital decrease to €52,582.31 · Capital after the decrease: €52,582.31 · Appointment: CK Red BV (director) · General meeting of 30-07-202122 points ▸
  • Board rule, 1
  • Director appointment, CK Red BV (director (not named in the articles)), mentioned 3 times in the deed
  • Permanent representative, Christopher Kumpen, mentioned twice in the deed
  • Registered office clause, Kempische Kaai 75/0.01, 3500 Hasselt
  • Founding capital, euro 15.550,49, 4,621 shares
  • 4,621 shares, mentioned twice in the deed
  • Registered office clause, Kempische Kaal 75/0.01, 3500 Hasselt
  • Founding capital, €23,907.82, 4,621 shares
  • Steps Invest BV holds 4,619 shares
  • CK Red BV holds 1 share
  • Christopher Kumpen holds 1 share
  • General meeting, 30-07-2021
  • Accounting effect, 01-01-2021
  • Capital decrease, €52,582.31
  • Capital, €52,582.31, 4,621 shares
  • Legal-form conversion, from public limited company to private limited company, mentioned twice in the deed
  • Founding capital, €22,510.99, 4,621 shares
  • Founder, Steps Invest BV
  • Founder, CK Red BV
  • Founder, Christopher Kumpen
  • Auditor report, 09-07-2021
  • Accounting effect, 15-06-2021
  • The deed holds 13 more points.

Open the deed in the Belgian Official Gazette

Merger: Alsoco takes over Gasthof KwaadmechelenThe company holds all the shares of Gasthof Kwaadmechelen · General meeting of 30-07-20213 points ▸
  • General meeting, 30-07-2021
  • The company holds all the shares of Gasthof Kwaadmechelen
  • Accounting effect, 01-01-2021
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Merger: Alsoco takes over BertailThe company holds all the shares of Bertail · General meeting of 30-07-20213 points ▸
  • General meeting, 30-07-2021
  • The company holds all the shares of Bertail
  • Accounting effect, 01-01-2021
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Demerger proposal: ALSOCO splits off to JazzupFounding capital of €275,759.75, 4,621 shares · Founding capital of €423,961.87, 4,621 shares · Steps Invest BV holds 4,619 shares · General meeting of 30-07-20219 points ▸
  • Founding capital, €275,759.75, 4,621 shares
  • Incorporation, 30-07-2021
  • Founding capital, €423,961.87, 4,621 shares
  • Accounting effect, 01-01-2021
  • Capital, €114,551.60, 4,621 shares
  • Steps Invest BV holds 4,619 shares, mentioned 3 times in the deed
  • CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT MANAGEMENT BV holds 1 share, mentioned 3 times in the deed
  • Christopher Kumpen holds 1 share, mentioned 3 times in the deed
  • General meeting, 30-07-2021
  • The deed holds 16 more points.

Open the deed in the Belgian Official Gazette

Merger proposal: ALSOCO takes over BertailThe company holds all the shares of Bertail · Board meeting of 14-06-20213 points ▸
  • Board meeting, 14-06-2021
  • The company holds all the shares of Bertail
  • Accounting effect, 01-01-2021
  • The deed holds 16 more points.

Open the deed in the Belgian Official Gazette

Merger proposal: ALSOCO takes over GASTHOF KWAADMECHELENThe company holds all the shares of GASTHOF KWAADMECHELEN · Board meeting of 14-06-20213 points ▸
  • Board meeting, 14-06-2021
  • The company holds all the shares of GASTHOF KWAADMECHELEN
  • Accounting effect, 01-01-2021
  • The deed holds 23 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 1 day late
2020
Back to profit net €2.2m The net result is €2.2m, after 3 loss-making years.
Liquidity more than 571 times current ratio 18.97 The current ratio rises from 0.03 to 18.97. Short-term debt falls from €3.2m to €149,362.
Equity above €1m equity €1.9m Equity rises from -€31,286 to €1.9m.
1 director appointed, 2 resignationsResignations: Steps & Co and HORRIX Eric · Permanent representatives: HORRIX Erik and KUMPEN Christopher · Appointment: CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT (sole director) · General meeting of 26-05-202011 points ▸
  • General meeting, 26-05-2020
  • Director resignation, Steps & Co, mentioned twice in the deed
  • Permanent representative, HORRIX Erik
  • Director resignation, HORRIX Eric, mentioned twice in the deed
  • Director discharge, Steps & Co
  • Director discharge, HORRIX Eric
  • Capital, €114,551.60, 4,621 shares
  • Director appointment, CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT (sole director (not named in the articles))
  • Permanent representative, KUMPEN Christopher
  • Registered office clause, 3500 Hasselt Kempische Kaai 75/002
  • Power of attorney, CHRISTOPHER KUMPEN REAL ESTATE DEVELOPMENT
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 18 days before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 43 days before the deadline
Annual accounts 2017 filed PDFabbreviated format · 9 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 22 days before the deadline
2016
Back to profit net €14,555 The net result is €14,555, after 3 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 16 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 16 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 28 days late
2013
Equity above €200,000 equity €269,326 ▲209% Equity rises from €87,053 to €269,326.
Annual accounts 2012 filed PDFabbreviated format · 11 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 121 days late
2011
Back to profit net €1,650 The net result is €1,650, after one loss-making year.
2010
Annual accounts 2010 filed PDFabbreviated format · 30 days late
2009
Annual accounts 2009 filed PDFabbreviated format · 12 days late
2008
Annual accounts 2008 filed PDFabbreviated format · 9 days before the deadline
2007
Annual accounts 2007 filed PDFabbreviated format · 6 days late
2006
Annual accounts 2006 filed PDFabbreviated format · 78 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
2002
Annual accounts 2002 filed PDFabbreviated format
2001
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
1999
Annual accounts 1999 filed PDFabbreviated format
1998
Annual accounts 1998 filed PDFabbreviated format
1997
Annual accounts 1997 filed PDFabbreviated format
1996
Annual accounts 1996 filed PDFabbreviated format
1995
Annual accounts 1995 filed PDFabbreviated format
1994
Annual accounts 1994 filed PDFabbreviated format
1993
Annual accounts 1993 filed PDFabbreviated format
1992
Annual accounts 1992 filed PDFabbreviated format
1991
Annual accounts 1991 filed PDFabbreviated format
1990
Annual accounts 1990 filed PDFabbreviated format
1989
Annual accounts 1989 filed PDFabbreviated format
1988
First establishment ALSOCO NV, Kempische Kaai 75, Hasselt
Incorporation published on 06-05-1988

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ALSOCO was incorporated on 11 April 1988.1 In 2021 the company absorbed Bertail and GASTHOF KWAADMECHELEN by merger.23 Total assets rose from €6.4m in 2022 to €15.9m in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-08-2021
  3. 3Belgian Official Gazette, 26-08-2021
  4. 4National Bank, annual accounts 2022 and 2025

Company details

Identity

Enterprise number
0433.975.426
VAT number
BE 0433.975.426
Peppol ID
0208:0433975426
Legal form
Private limited company
Status
Active, normal situation
Founded
11-04-1988
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of December at 11:00
deed of 28-02-2023 (in Dutch)
General meetingThe general meeting of all shareholders appoints the directors and approves the accounts, among other things.
“Buitengewone algemene vergadering ter goedkeuring niet eerder dan zes weken na neerlegging, buitengewone algemene vergadering Partieel te…”
deed of 23-06-2021 (in Dutch)
Peppol
Reachable since 15-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ALSOCO in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-02-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-02-2023 (in Dutch)

Activities

NACEBEL 2025
68121 Development of residential building projects main activity
68122 Development of non-residential building projects
Codes under NACEBEL 2008
41101 Real estate development main activity
41102 Construction of residential and non-residential buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
“1. Groot- en kleinhandel, huren, verhuren en leasen, het produceren, commercialiseren, onderhouden van en adviseren in computersystemen…”
10 activities
  1. 1. Groot- en kleinhandel, huren, verhuren en leasen, het produceren, commercialiseren, onderhouden van en adviseren in computersystemen, zowel op het gebied van hardware als van software en toebehoren.
  2. 2. Het beheer van een roerend en onroerend vermogen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van haar roerende en onroerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van deze goederen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen, evenals van alle verrichtingen van onroerende, roerende en financiële aard, die rechtstreeks of onrechtstreeks met dit voorwerp verwant zijn of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
  3. 3. De aan- en verkoop van onroerende goederen, de verhuring, de verkaveling of projectontwikkeling, onroerende leasing en het optreden als makelaar in onroerende goederen, hetzij alle handelingen met betrekking tot onroerende goederen, zowel in eigen naam als in naam van derden, en dit in de meest ruime zin.
  4. 4. Algemene bouwonderneming; alle andere verhandelingen met betrekking tot onroerende goederen; organiseren van bouw- en afbraakwerken, wegenaanleg, grondwerken, tuinaanleg, coördineren van de taken van diverse vaklui, studie en maken van plannen, ramingen, bestekken; verkoop en handel van alle bouw- en afbraakmaterialen; de aankoop, verkoop, import en export van alle artikelen, materialen, producten en grondstoffen die met de bedrijvigheid van de vennootschap verband houden; al hetgeen ter bereiking voor dit voorwerp nuttig en nodig; al het voormelde, zowel voor eigen rekening als voor derden.
  5. 5. De participatie, in welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van alle ondernemingen, Belgische of buitenlandse, commerciële, financiële, industriële of andere. De verwerving van eender welke titels of rechten door middel van participatie, inbreng, onderschrijving, koop op vaste levering of aankoopoptie, verhandeling, of op iedere andere wijze.
  6. 6. Onderneming voor het beheer van eigen beleggingen en vermogens.
  7. 7. Het bedrijfsbeheer van vennootschappen en instellingen zowel in België als in het buitenland.
  8. 8. De vennootschap mag alle industriële, commerciële of financiële verrichtingen, zo roerende als onroerende, zo voor eigen rekening als voor rekening van derden, uitvoeren, die rechtstreeks of onrechtstreeks met voornoemd voorwerp verband houden, of welke van aard zijn de uitbreiding of verwezenlijking ervan te bevorderen of te vergemakkelijken.
  9. 9. De vennootschap mag haar voorwerp verwezenlijken, zowel in België als in het buitenland, op alle wijzen die zij het best geschikt zal achten.
  10. 10. Elke statutenwijziging die betrekking heeft met het voorwerp van de vennootschap kan alleen gebeuren met de goedkeuring der algemene vergadering, beslissend met inachtneming van de bijzondere meerderheids- en aanwezigheidsvereisten bepaald in het Wetboek van vennootschappen en verenigingen.
deed of 28-02-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
ALSOCO NV registered office Kempische Kaai 75, 3500 Hasselt 46500 Wholesale of information and communication equipment 24-05-1988 2.038.154.793

Buildings and parcels at the address

Ground area
7,392 m²
Buildings
1,703 m²
Volume, LiDAR
33,467 m³
Tallest building
23.4 m
Buildings to scale, each on its own parcel
1,703 m², 23.4 m 1,703 m², 23.4 m

Environmental permits

2 applications in Flanders since 2022 · 2 granted
03-04-2023 Granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 19-12-2022 · project 2022159537 Halen
15-06-2022 Granted Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Slopen of verwijderen; Verwijderen van vrijstaande gebouwen submitted 16-02-2022 · project 2021168719 Halen

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
29 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
71327G0279/00Z0027,392 m² 1 · 1,703 m² 23.4 m · 6

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0433.975.426

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