ALSTANOX
ActiveSummary
The annual accounts of ALSTANOX for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €95,429 and a net result of -€98,584. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 15% of 1041 sector peers (fiscal year 2025). The company has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-18
Solvency40▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days 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 0.71 against 0.97 in 2024; short-term debt: 66.6% and cash: 16.1% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
15.1%
Return on assets
-15.6%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€98,584
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1041 sector peers (2025).
NBB · sector comparisonPosition among 1041 sector peers
Solvency
better than 15%
← 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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
30 d early
2023
30 d early
2022
32 d early
2021
25 d early
2020
19 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Liedekerke
Equity
€95,429▼ 50.8%
2024 · €194,013
Total assets
€633,545▼ 9.0%
2024 · €696,164
Net result
-€98,584▼ 114%
2024 · -€45,974
Working capital
-€121,929▼ 1,054%
2024 · -€10,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,293▲ 53.5%€7,872▼ 78.3%€20,034▲ 154%-€26,638-€79,389▼ 198%
Net result€19,046within the sector's middle half▲ 84.5%-€6,240below the sector's middle half€1,449below the sector's middle half-€45,974below the sector's middle half-€98,584below the sector's middle half▼ 114%
Equity€244,778within the sector's middle half▲ 8.4%€238,538below the sector's middle half▼ 2.5%€239,987within the sector's middle half▲ 0.6%€194,013below the sector's middle half▼ 19.2%€95,429below the sector's middle half▼ 50.8%
Total assets€756,279within the sector's middle half▲ 9.1%€965,593within the sector's middle half▲ 27.7%€818,409within the sector's middle half▼ 15.2%€696,164below the sector's middle half▼ 14.9%€633,545within the sector's middle half▼ 9.0%
Debt€511,501▲ 9.4%€727,055▲ 42.1%€578,422▼ 20.4%€502,151▼ 13.2%€538,116▲ 7.2%
Working capital€82,910within the sector's middle half▲ 50.6%€56,062below the sector's middle half▼ 32.4%€34,740below the sector's middle half▼ 38.0%-€10,563below the sector's middle half-€121,929below the sector's middle half▼ 1,054%
Solvency32.4%within the sector's middle half▼ 0.2pp24.7%below the sector's middle half▼ 7.7pp29.3%within the sector's middle half▲ 4.6pp27.9%within the sector's middle half▼ 1.5pp15.1%below the sector's middle half▼ 12.8pp
Current ratio1.25within the sector's middle half▲ 0.061.10below the sector's middle half▼ 0.161.08below the sector's middle half▼ 0.010.97below the sector's middle half▼ 0.110.71below the sector's middle half▼ 0.26
Return on assets (ROA)2.5%within the sector's middle half▲ 1.0pp-0.6%below the sector's middle half▼ 3.2pp0.2%below the sector's middle half▲ 0.8pp-6.6%below the sector's middle half▼ 6.8pp-15.6%below the sector's middle half▼ 9.0pp
Staff (FTE)7.2within the sector's middle half▲ 2.9%7.2within the sector's middle half=7.7within the sector's middle half▲ 6.9%7.5within the sector's middle half▼ 2.6%4.5within the sector's middle half▼ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €79,389 in 2025 against €26,638 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633,545
Fixed assets
€333,429 ▲ 0.6%
Current assets
€300,116 ▼ 17.7%
Equity and liabilities €633,545
Equity
€95,429 ▼ 50.8%
Debt
€538,116 ▲ 7.2%
Debt's share of the balance-sheet total rises from 72.1% to 84.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€33,117▼
2024 · €18,033
Cash flow
-€52,312▼
2024 · -€1,303
Quick ratio
0.44▼
2024 · 0.62
Debt to equity
5.64▲
2024 · 2.59
ROE
-103.3%▼
2024 · -23.7%
Interest coverage
-1.69▼
2024 · 0.96
Debt ≤ 1 year
€422,045▲
2024 · €375,220
Debt > 1 year
€98,610▼
2024 · €112,732
Income taxes
€761▼
2024 · €857
Staff costs
€235,310▼
2024 · €296,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,221 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €297,379 | €276,513 | €366,055 | €296,240 | €235,310 | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,367 | €66,422 | €65,663 | €44,671 | €46,272 | ▲ 3.6% |
| Other operating charges640/8 | €10,409 | €11,588 | €16,044 | €14,076 | €17,303 | ▲ 22.9% |
| Gross operating margin9900 | €417,448 | €362,395 | €467,796 | €328,349 | €219,496 | ▼ 33.2% |
| Operating profit (loss)9901 | €36,293 | €7,872 | €20,034 | -€26,638 | -€79,389 | ▼ 198% |
| Financial income75/76B | - | €200 | €218 | €324 | €1,145 | ▲ 253% |
| Recurring financial income75 | - | €200 | €218 | €324 | €1,145 | ▲ 253% |
| Financial charges65/66B | €10,996 | €13,961 | €14,901 | €18,803 | €19,579 | ▲ 4.1% |
| Recurring financial charges65 | €10,996 | €13,961 | €14,901 | €18,803 | €19,579 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €25,297 | -€5,889 | €5,351 | -€45,117 | -€97,823 | ▼ 117% |
| Income taxes67/77 | €6,251 | €351 | €3,902 | €857 | €761 | ▼ 11.2% |
| Profit (loss) for the period9904 | €19,046 | -€6,240 | €1,449 | -€45,974 | -€98,584 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €19,046 | -€6,240 | €1,449 | -€45,974 | -€98,584 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €756,279 | €965,593 | €818,409 | €696,164 | €633,545 | ▼ 9.0% |
| Fixed assets21/28 | €347,757 | €330,457 | €373,636 | €331,507 | €333,429 | ▲ 0.6% |
| Tangible fixed assets22/27 | €347,757 | €330,457 | €373,636 | €331,507 | €333,429 | ▲ 0.6% |
| Land and buildings22 | €218,151 | €205,827 | €214,730 | €214,730 | €214,730 | = |
| Plant, machinery and equipment23 | €69,682 | €91,865 | €77,114 | €56,502 | €36,111 | ▼ 36.1% |
| Furniture and vehicles24 | €18,142 | €16,007 | €12,062 | €6,826 | €6,391 | ▼ 6.4% |
| Leasing and similar rights25 | €32,030 | €8,628 | €63,223 | €47,971 | €71,749 | ▲ 49.6% |
| Other tangible fixed assets26 | €9,752 | €8,130 | €6,507 | €5,478 | €4,448 | ▼ 18.8% |
| Current assets29/58 | €408,522 | €635,136 | €444,773 | €364,657 | €300,116 | ▼ 17.7% |
| Stocks and contracts in progress3 | €84,021 | €210,955 | €114,855 | €133,639 | €114,155 | ▼ 14.6% |
| Stocks30/36 | €65,121 | €92,605 | €83,355 | €84,789 | €84,155 | ▼ 0.7% |
| Contracts in progress37 | €18,900 | €118,350 | €31,500 | €48,850 | €30,000 | ▼ 38.6% |
| Amounts receivable within one year40/41 | €273,013 | €408,848 | €314,656 | €202,538 | €74,240 | ▼ 63.3% |
| Trade receivables40 | €248,291 | €357,572 | €287,807 | €152,642 | €62,160 | ▼ 59.3% |
| Other amounts receivable41 | €24,722 | €51,276 | €26,849 | €49,896 | €12,080 | ▼ 75.8% |
| Cash at bank and in hand54/58 | €39,334 | €4,514 | €1,401 | €17,993 | €101,921 | ▲ 466% |
| Deferred charges and accrued income490/1 | €12,154 | €10,819 | €13,861 | €10,487 | €9,800 | ▼ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €756,279 | €965,593 | €818,409 | €696,164 | €633,545 | ▼ 9.0% |
| Equity10/15 | €244,778 | €238,538 | €239,987 | €194,013 | €95,429 | ▼ 50.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €226,020 | €196,020 | €197,420 | €147,420 | €147,420 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | €5,205 | €5,205 | €5,205 | €5,205 | €5,205 | = |
| Distributable reserves133 | €218,956 | €188,956 | €192,215 | €142,215 | €142,215 | = |
| Profit (loss) carried forward14 | €166 | €23,926 | €23,975 | €28,001 | -€70,583 | ▼ 352% |
| Amounts payable17/49 | €511,501 | €727,055 | €578,422 | €502,151 | €538,116 | ▲ 7.2% |
| Amounts payable after more than one year17 | €174,004 | €133,215 | €155,120 | €112,732 | €98,610 | ▼ 12.5% |
| Financial debts170/4 | €174,004 | €133,215 | €155,120 | €112,732 | €98,610 | ▼ 12.5% |
| Amounts payable within one year42/48 | €325,612 | €579,074 | €410,033 | €375,220 | €422,045 | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €64,891 | €61,750 | €86,809 | €70,077 | €63,751 | ▼ 9.0% |
| Financial debts43 | - | €5,372 | €52,857 | - | €100,000 | - |
| Credit institutions430/8 | - | €5,372 | €52,857 | - | €100,000 | - |
| Trade debts44 | €124,202 | €330,891 | €83,098 | €125,597 | €84,359 | ▼ 32.8% |
| Suppliers440/4 | €124,202 | €330,891 | €83,098 | €125,597 | €84,359 | ▼ 32.8% |
| Advances received on contracts in progress46 | €2,000 | €2,000 | €2,000 | - | - | - |
| Taxes, remuneration and social security45 | €21,393 | €61,450 | €66,759 | €55,535 | €45,971 | ▼ 17.2% |
| Taxes450/3 | €3,730 | €4,542 | €5,610 | €5,790 | €6,019 | ▲ 4.0% |
| Remuneration and social security454/9 | €17,663 | €56,908 | €61,149 | €49,745 | €39,952 | ▼ 19.7% |
| Other amounts payable47/48 | €113,126 | €117,611 | €118,510 | €124,011 | €127,964 | ▲ 3.2% |
| Accrued charges and deferred income492/3 | €11,885 | €14,766 | €13,269 | €14,199 | €17,461 | ▲ 23.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,046 | -€6,240 | €1,449 | -€45,974 | -€98,584 | ▼ 114% |
| + Depreciation and write-downs630 | €73,367 | €66,422 | €65,663 | €44,671 | €46,272 | ▲ 3.6% |
| Operating cash flow (approximation) | €92,413 | €60,182 | €67,112 | -€1,303 | -€52,312 | ▼ 3,915% |
| Investment in fixed assets (approximation) | - | -€49,122 | -€108,842 | -€2,542 | -€48,194 | ▼ 1,796% |
| Change in cash | - | -€34,820 | -€3,113 | €16,592 | €83,928 | ▲ 406% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€98,584
Net result drops to -€98,584, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1,449
Net result €1,449 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €42,782 ▲34.3%
Operating result €68,663, net result €42,782, both a record.
31-12
Financial
Equity above €200,000Eq €215,411 ▲24.8%
2 profitable years in a row build equity to €215,411.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Liedekerke · 1 establishment unit since 1978
Ground area
3,752 m²
Building footprint
890 m²
Volume, LiDAR
4,100 m³
Parcel 23044A0056/00S000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidszone 'Begijnenmeers' 15, 1770 Liedekerke
since 19782.016.452.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23044A0056/00S000 | Flanders | 3,752 m² | 1 · 890 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 909 companies in sector 25120 we hold annual accounts for 678. 469 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
Founded13-12-1977
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43240Other construction installation
43310Plastering work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417762964
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.