Financials
- Fiscal year
- 2025
- Turnover
- €3,000
- Loss
- -€2,013
- Solvency
- -60.1%
ALTERNATIVA
ActiveSummary
ALTERNATIVA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,516) and a net result of -€2,013. Equity is shrinking by ~42% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Activity not known
Size
€3,000turnover 2025
- Equity
- -€16,516
- Loss
- -€2,013
Structure
Accounts filed 28 d late0 of 1 deed read
Why 53Capped at 59: negative equity- No establishment unit in the KBO- Negative equity -€16,516+ Size: turnover €3,000, total assets €27,490+ Founded in 1990Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 17% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -60.1% of total assets
Liquidity
12+3
short-term debt 159.2% · cash 9.4%
Profitability
45-16
return on assets -7.3%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 2.7%
08-2025: 3.7%▲ +36.8% vs 07-2025
09-2025: 4.0%▲ +9.5% vs 08-2025highest value
10-2025: 1.1%▼ -73.1% vs 09-2025
11-2025: 1.1%● 0.0% vs 10-2025
12-2025: 1.1%● 0.0% vs 11-2025
01-2026: 1.1%▼ -1.0% vs 12-2025lowest value
02-2026: 1.1%● 0.0% vs 01-2026lowest value
03-2026: 1.1%▲ +1.9% vs 02-2026
04-2026: 1.1%▲ +3.9% vs 03-2026
05-2026: 1.1%▲ +0.6% vs 04-2026
06-2026: 1.3%▲ +9.9% vs 05-2026
07-2026: 1.4%▲ +9.8% vs 06-2026
08-2026: 2.2%▲ +56.5% vs 07-2026
09-2026: 1.1%▼ -46.9% vs 08-2026
10-2026: 1.1%● 0.0% vs 09-2026
- Size: turnover €3,000, total assets €27,490 lowers the probability for this profile
- Founded in 1990 lowers the probability for this profile
- No establishment unit in the KBO raises the probability
- Negative equity -€16,516 raises the probability
No credit on open account
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 159.2% and cash: 9.4% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 10%, profitability 34%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,516
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
33 d late
2023
20 d early
2022
21 d late
2021
81 d early
2020
57 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 21 August (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 02-09-2025Annual accounts filed
- 11-07-2024Annual accounts filed
Company details
- Legal form
- Private limited company
- Founded
- 18-12-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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