ALTERNATIVE
ActiveSummary
ALTERNATIVE has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,944 and a net result of -€8,605. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 90% of 12,724 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- ≈ 0.6 FTE, estimated
- Equity
- €36,944
- Loss
- -€8,605
- HUSSAIN ShahadatDirector
- STILI OMARDirector
Why 88raises riskLoss of €8,605, the second in a row (financial year 2025)Last filed accounts filed 21 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 4.38, cash €28,324Equity €36,944 (81.1% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 92% on solvency, 94% on liquidity, 6% on profitability and 12% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 39 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignations: LAKHAL AHMED, WADI AHMED and…Appointment: STILI OMAR (actionnaire et…
- Appointment: HUSSAIN Shahadat (director)Gazette deed
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430989.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €8,520 in 2025 against €1,134 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,805 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €120,662 | €164,103 | €165,706 | - | - |
| Non-recurring operating income76A | - | - | - | €2,673 | - | €1,973 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €55,858 | €111,936 | €100,185 | €100,369 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €434 | €4,264 | €24,719 | €48,362 | €17,877 | ▼ 63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,050 | €5,049 | €5,074 | €3,531 | €8,295 | €7,119 | €6,857 | €3,801 | ▼ 44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €1,920 | - | - |
| Other operating charges640/8 | - | - | - | €1,060 | €984 | €5,220 | €8,852 | €1,367 | ▼ 84.6% |
| Non-recurring operating charges66A | - | - | - | - | €14 | €5,549 | €480 | €7,091 | ▲ 15× |
| Gross operating margin9900 | €8,705 | €15,821 | €25,585 | €16,185 | €8,726 | €65,892 | €65,337 | €21,616 | ▼ 66.9% |
| Operating profit (loss)9901 | -€4,580 | €5,571 | €13,671 | €11,160 | -€4,832 | €23,287 | -€1,134 | -€8,520 | ▼ 651% |
| Financial income75/76B | - | - | - | - | €132 | €0 | €999 | €187 | ▼ 81.3% |
| Recurring financial income75 | €966 | - | €1,750 | - | €132 | €0 | €999 | €187 | ▼ 81.3% |
| Financial charges65/66B | - | - | - | €174 | €288 | €281 | €250 | €272 | ▲ 8.5% |
| Recurring financial charges65 | €303 | €265 | €153 | €174 | €288 | €281 | €250 | €272 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | -€3,917 | €5,306 | €15,268 | €10,986 | -€4,988 | €23,005 | -€386 | -€8,605 | ▼ 2,131% |
| Income taxes67/77 | - | €1,023 | €1,773 | €1,186 | - | €3,156 | €1,250 | - | - |
| Profit (loss) for the period9904 | -€3,917 | €4,283 | €13,495 | €9,800 | -€4,988 | €19,849 | -€1,636 | -€8,605 | ▼ 426% |
| Profit (loss) for the period to be appropriated9905 | -€3,917 | €4,283 | €13,495 | €9,800 | -€4,988 | €19,849 | -€1,636 | -€8,605 | ▼ 426% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €30,151 | €31,182 | €45,603 | €53,739 | €52,797 | €81,058 | €95,319 | €45,559 | ▼ 52.2% |
| Fixed assets21/28 | €10,250 | €5,201 | €8,565 | €18,457 | €20,393 | €17,658 | €39,080 | €9,941 | ▼ 74.6% |
| Tangible fixed assets22/27 | €10,100 | €5,051 | €8,415 | €18,307 | €20,243 | €17,508 | €38,930 | €9,791 | ▼ 74.9% |
| Furniture and vehicles24 | - | - | - | €18,307 | €20,243 | €17,508 | €38,930 | €9,791 | ▼ 74.9% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €19,901 | €25,981 | €37,038 | €35,282 | €32,405 | €63,400 | €56,239 | €35,618 | ▼ 36.7% |
| Stocks and contracts in progress3 | - | - | - | €7,100 | - | €6,400 | €4,480 | - | - |
| Stocks30/36 | - | - | - | €7,100 | - | €6,400 | €4,480 | - | - |
| Amounts receivable within one year40/41 | €15,443 | €11,887 | €16,799 | €13,613 | €13,969 | €11,405 | €21,118 | €6,281 | ▼ 70.3% |
| Trade receivables40 | - | - | - | €329 | - | - | - | €2,510 | - |
| Other amounts receivable41 | - | - | - | €13,284 | €13,969 | €11,405 | €21,118 | €3,771 | ▼ 82.1% |
| Cash at bank and in hand54/58 | €2,542 | €12,192 | €20,239 | €13,203 | €18,436 | €43,572 | €30,640 | €28,324 | ▼ 7.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,366 | - | €2,023 | - | €1,013 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €30,151 | €31,182 | €45,603 | €53,739 | €52,797 | €81,058 | €95,319 | €45,559 | ▼ 52.2% |
| Equity10/15 | €23,265 | €27,548 | €41,043 | €50,843 | €45,856 | €65,704 | €64,069 | €36,944 | ▼ 42.3% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | - | - |
| Capital10 | - | - | - | - | - | - | €19,000 | - | - |
| Issued capital100 | - | - | - | - | - | - | €19,000 | - | - |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €2,365 | €6,648 | €20,143 | €29,943 | €24,956 | €44,804 | €43,169 | €35,044 | ▼ 18.8% |
| Amounts payable17/49 | €6,886 | €3,634 | €4,560 | €2,895 | €6,942 | €15,353 | €31,250 | €8,615 | ▼ 72.4% |
| Amounts payable within one year42/48 | €6,886 | €3,634 | €4,560 | €2,895 | €6,942 | €15,353 | €30,791 | €8,125 | ▼ 73.6% |
| Trade debts44 | €2,467 | €1,206 | €1,384 | €821 | €17 | €3,165 | €5,620 | €2,369 | ▼ 57.8% |
| Suppliers440/4 | - | - | - | €821 | €17 | €3,165 | €5,620 | €2,369 | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | - | - | €2,075 | €6,924 | €12,189 | €10,170 | €5,756 | ▼ 43.4% |
| Taxes450/3 | - | - | - | €2,075 | €2,763 | €5,506 | €1,649 | €3,844 | ▲ 133% |
| Remuneration and social security454/9 | - | - | - | - | €4,162 | €6,683 | €8,521 | €1,912 | ▼ 77.6% |
| Other amounts payable47/48 | - | - | - | - | - | - | €15,001 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €459 | €490 | ▲ 6.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,917 | €4,283 | €13,495 | €9,800 | -€4,988 | €19,849 | -€1,636 | -€8,605 | ▼ 426% |
| + Depreciation and write-downs630 | €5,050 | €5,049 | €5,074 | €3,531 | €8,295 | €7,119 | €6,857 | €3,801 | ▼ 44.6% |
| Operating cash flow (approximation) | €1,133 | €9,332 | €18,569 | €13,331 | €3,308 | €26,967 | €5,221 | -€4,804 | - |
| Investment in fixed assets (approximation) | - | €0 | -€8,438 | -€13,423 | -€10,231 | -€4,384 | -€28,279 | €25,338 | - |
| Change in cash | - | €9,650 | €8,047 | -€7,036 | €5,233 | €25,136 | -€12,931 | -€2,316 | ▲ 82.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-08-2026 | 2026-00430989 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00464340 |
| 31-12-2023 | micro format | 05-11-2024 | 2024-00530917 |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00362079 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20405656 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60000417 |
| 31-12-2019 | micro format | 09-09-2020 | 2020-52200157 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300401 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60000028 |
| 31-12-2016 | full format | 29-09-2017 | 2017-65500495 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Other functions 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| HUSSAIN Shahadat |
|
| STILI OMAR |
|
| HAMDANI ABDELMOUNIM |
|
| LAKHAL Ahmed |
|
| WADI Ahmed |
|
| AKHRIF Najib |
|
| Azahaf Mounir |
|
Owners and capital
Capital and shareholders
- STILI OMAR 98 shares
- HUSSAIN SHAHADAT 2 shares
- HAMDANI ABDELMOUNIM to HUSSAIN SHAHADAT 2 shares
- LAKHAL AHMED to STILI OMAR 98 shares
- WADI AHMED to STILI OMAR 98 shares
- Lakhal Ahmed 49 shares
- Wadi Ahmed 49 shares
- Hamdani Abdelmounim 2 shares
- AKHRIF Najib to LAKHAL Ahmed 50 shares · 50%
- AKHRIF Najib to WADI Ahmed 50 shares · 50%
- Azahaf Mounir to Najib Akhrif all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-12-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
30-07
Gazette deed
Resignations: LAKHAL AHMED, WADI AHMED and HAMDANI ABDELMOUNIMAppointment: STILI OMAR (actionnaire et administrateur) · Share transfer · Shareholding10 facts ▸
- General meeting, 22-07-2026
- Director resignation, LAKHAL AHMED (actionnaire et administrateur)
- Director resignation, WADI AHMED (actionnaire et administrateur)
- Director resignation, HAMDANI ABDELMOUNIM (actionnaire et administrateur)
- Director appointment, STILI OMAR (actionnaire et administrateur)
- Share transfer, HAMDANI ABDELMOUNIM → HUSSAIN SHAHADAT
- Shareholding, 22-07-2026, 98
- Shareholding, 22-07-2026, 2
- Share transfer, LAKHAL AHMED → STILI OMAR
- Share transfer, WADI AHMED → STILI OMAR
15-07
Gazette deed
Appointment: HUSSAIN Shahadat (director)5 facts ▸
- General meeting, 06-07-2026
- Director appointment, HUSSAIN Shahadat (director)
- Director in office, LAKHAL Ahmed (director)
- Director in office, WADI Ahmed (director)
- Director in office, HUSSAIN Shahadat (director)
27-02
Gazette deed
Appointment: Hamdani Abdelmounim (director)Shareholding3 facts ▸
- General meeting, 16-02-2026
- Director appointment, Hamdani Abdelmounim (director)
- Shareholding, 16-02-2026, “parts sociales” (deed in French) (3 times)
14-07
Gazette deed
Resignation: AKHRIF Najib (director)Appointments: WADI Ahmed (director) and LAKHAL Ahmed (director) · Share transfer6 facts ▸
- General meeting, 26-06-2025
- Share transfer, AKHRIF Najib → LAKHAL Ahmed
- Share transfer, AKHRIF Najib → WADI Ahmed
- Director resignation, AKHRIF Najib (director)
- Director appointment, WADI Ahmed (director)
- Director appointment, LAKHAL Ahmed (director)
27-12
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal form clause · Capital conversion · Reserve release8 facts ▸
- General meeting, 11-12-2024
- Legal form clause, “société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de fonds propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de fonds propres statutairement indisponible, suppression” (deed in French)
- Reserve release, “compte de réserves disponibles créé à cette fin” (deed in French)
- Director in office, AKHRIF Najib (sole director)
- Purpose change
- Amendment of the articles
Show earlier events
06-02
Gazette deed
Resignation: Azahaf Mounir (director)Share transfer · Director discharge · Registered-office move5 facts ▸
- General meeting, 31-12-2022
- Share transfer, Azahaf Mounir → Najib Akhrif
- Director resignation, Azahaf Mounir (director)
- Director discharge, Azahaf Mounir
- Registered-office move, Louizalaan 251 bus 4 te 1050 Brussel
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Exploitation de taxis; De véhicules d'occasions et neufs; Exploitation de moyens de transport; Transport routier national et international…” (deed in French)
36 activities (deed in French)
- Exploitation de taxis
- De véhicules d'occasions et neufs
- Exploitation de moyens de transport
- Transport routier national et international
- Transport de marchandises
- Transport de colis
- Transport de personnes
- Déménagement et l’affrètement national et international
- Tous types de véhicules et leurs pièces détachées et/ou de rechange,accessoires automobiles
- Tous les appareils électroniques,électriques,informatiques,bureautiques
- Tous les textiles (cuir,daim,…),lingerie et confections pour habillement et autres,dames,hommes et enfants
- Ainsi que toutes activités connexes,marchés publics,commerce ambulant
- Tous les articles cadeaux
- Tous les articles de décoration,d’ameublement
- Tous les produits de cosmétique,de toilette ou de parfumerie
- Tous les articles de cristallerie
- Tous les meubles,tapis,articles de revêtement de sol,articles ménagers,électroménagers
- Tous les bijoux fantaisie
- Tous les produits alimentaires,alimentation générale
- Exploitation de téléboutiques
- Exploitation de réseaux de communication,de réseaux internet
- Exploitation de librairie,de bureau de tabac,de cabines de télécommunications
- Exploitation de station-service,de car-wash,dépannage sur route
- Exploitation de garage en mécanique et de carrosserie
- Exploitation d’atelier de réparation électrique et électronique
- Tous types de véhicules automoteurs neufs ou d’occasion
- Toutes pièces détachées et/ou de rechange et accessoires de tous véhicules neufs ou d’occasion
- Intermédiaire commercial
- Toutes les activités administratives et de soutien pour les bureaux et autres activités commerciales
- Tous services administratifs de bureau et autres activités de soutien aux entreprises
- Toutes activités de conseil pour les affaires et autres conseils de gestion
- Toutes les activités d'une société de gestion,y compris l'exercice de mandats d'administrateur et de liquidateur dans d'autres entités juridiques
- Toutes les activités des sociétés holding,y compris l'acquisition et la participation dans d'autres sociétés par le biais d'investissements et de la gestion d'un portefeuille de valeurs financières
- Toutes les activités d'une société de patrimoine immobilier,y compris le commerce de biens immobiliers propres et la location et l'exploitation de biens immobiliers propres ou loués
- La formation et la consultance sous n’importe quelle forme dans tous les domaines susmentionnés
- La constitution de toutes garanties personnelles et réelles pour garantir l’exécution d’engagements propres et engagements de tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ALTERNATIVE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales,actionnaires ou non” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00