ALTERNATIVE
ActiveThe computed 12-month bankruptcy probability of ALTERNATIVE is 1.6% (moderate). The 2025 annual accounts show equity of €38k and a net result of €5k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 27711 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+11
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 4.22 in 2024; short-term debt: 36.9% and cash: 2.9% of total assets), and 36.9% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.1%
Return on assets
8%
Age of the figures
9 mo
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
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 · 9 filingsDeviation from the deadline
2025
21 d early
2024
27 d early
2023
30 d early
2022
13 d early
2021
31 d early
2020
16 d late
2019
25 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▲ 61.3%
2024 · €3k
2018: €1k
2019: €-2k
2020: €-454
2021: €4k
2022: €7k
2023: €764
2024: €3k
2018 → 2025
Working capital
€31k▲ 29.0%
2024 · €24k
2018: €22k
2019: €20k
2020: €19k
2021: €22k
2022: €26k
2023: €29k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€30k▲ 28.3%€31k▲ 2.6%€34k▲ 10.0%€38k▲ 14.6%
Operating result€5k-€9k▲ 84.1%€4k▼ 59.9%€5k▲ 55.0%€7k▲ 20.0%
Net result€4k-€7k▲ 73.1%€764▼ 88.4%€3k▲ 298%€5k▲ 61.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€8k▼ 19.8%
Current assets
€53k▲ 71.0%
Equity and liabilities €61k
Equity
€38k▲ 14.6%
Debt
€23k▲ 206%
The debt ratio rises from 18.0% to 36.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €7k
Cash flow
€8k▲
2024 · €5k
Solvency
63.1%▼
2024 · 82.0%
Current ratio
2.36▼
2024 · 4.22
Quick ratio
2.36▼
2024 · 4.22
Debt / equity
0.59▲
2024 · 0.22
ROE
12.7%▲
2024 · 9.1%
ROA
8.0%▲
2024 · 7.4%
Interest coverage
13.49▲
2024 · 4.83
Debt
€23k▲
2024 · €7k
Debt ≤ 1 year
€23k▲
2024 · €7k
Income taxes
€1k▲
2024 · €1k
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€41k€61k▲
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€690€439▼
Current assets29/58€31k€53k▲
Amounts receivable within one year40/41€19k€51k▲
Trade receivables40€16k€21k▲
Other amounts receivable41€3k€30k▲
Cash at bank and in hand54/58€12k€2k▼
Deferred charges and accrued income490/1€577-
Equity and liabilities
Total equity and liabilities10/49€41k€61k▲
Equity10/15€34k€38k▲
Contributions10/11€7k€7k=
Reserves13€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€26k€31k▲
Amounts payable17/49€7k€23k▲
Amounts payable within one year42/48€7k€23k▲
Trade debts44€6k€20k▲
Suppliers440/4€6k€20k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€536€697▲
Gross operating margin9900€8k€10k▲
Operating profit (loss)9901€5k€7k▲
Financial income75/76B€22€75▲
Recurring financial income75€22€75▲
Financial charges65/66B€1k€711▼
Recurring financial charges65€1k€711▼
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€31k▲
Profit (loss) brought forward from the previous period14P€23k€26k▲
Transfer from equity791/2€0-
To the legal reserve6920€0-
To other reserves6921€0-
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
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 18.19
Current ratio from 8.14 to 18.19; short-term debt falls from €4k to €2k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €7k ▲73.1%
Operating result €9k, net result €7k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet €-2k ▼327%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Etterbeek · 1 establishment unit since 2013
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.
Kazernenlaan 141040 EtterbeekGround area
37 m²
Building footprint
33 m²
Volume, LiDAR
411 m³
Parcel 21363B0376/00X002, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kazernenlaan 14, 1040 Etterbeek
since 20132.234.638.488
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0376/00X002 | Brussels | 37 m² | 1 · 33 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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STAR CONSTRUCTION
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BE 0718.879.965
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2013
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.