Alternative Evolution
ActiveSummary
Alternative Evolution has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,583) and a net result of €9,719. Equity is shrinking by about 49% per year across the filed financial years. Its solvency ranks better than 9% of 9,585 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- -€28,583
- Profit
- €9,719
- Parent
- NICOLAS PONTHIEU · 80%
- NICOLAS PONTHIEU SRLDirector
Why 55raises riskCapped at 59: negative equityNegative equity -€28,5831 change of registered office in 24 monthslowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 0.30, cash €24,515Show the evidence
Checked score
About 9 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 82, micro): better than 4% on solvency, 17% on liquidity, 53% on profitability and 69% on growth.
The bankruptcy probability was computed on 19-10-2026 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 3 accounts on average 15 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Permanent representative: Nicolas PonthieuRegistered-office move
- Resignation: TOP IMMO SRL (director)Gazette deed
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €9,708 after a loss of €37,292 in 2024, the highest 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 82, Office administrative, office support and other business support activities: 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 1,017 companies that looked in July 2024 the way this one looks now, 6.5% went bankrupt within 24 months and 89.2% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 497,472 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% | 1.0% |
| 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 1,017 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,245 | €2,553 | €11,443 | ▲ 348% |
| Gross operating margin9900 | -€9,427 | -€34,739 | €21,151 | - |
| Operating profit (loss)9901 | -€10,672 | -€37,292 | €9,708 | - |
| Financial income75/76B | - | - | €89 | - |
| Recurring financial income75 | - | - | €89 | - |
| Financial charges65/66B | €62 | €276 | €78 | ▼ 71.7% |
| Recurring financial charges65 | €62 | €276 | €78 | ▼ 71.7% |
| Profit (loss) for the period before taxes9903 | -€10,734 | -€37,568 | €9,719 | - |
| Profit (loss) for the period9904 | -€10,734 | -€37,568 | €9,719 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,734 | -€37,568 | €9,719 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,377 | €75,906 | €101,651 | ▲ 33.9% |
| Fixed assets21/28 | - | €30,040 | €74,602 | ▲ 148% |
| Intangible fixed assets21 | - | €30,040 | €74,602 | ▲ 148% |
| Current assets29/58 | €20,377 | €45,866 | €27,049 | ▼ 41.0% |
| Amounts receivable within one year40/41 | €2,106 | €3,735 | €2,534 | ▼ 32.2% |
| Other amounts receivable41 | €2,106 | €3,735 | €2,534 | ▼ 32.2% |
| Cash at bank and in hand54/58 | €18,271 | €42,131 | €24,515 | ▼ 41.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,377 | €75,906 | €101,651 | ▲ 33.9% |
| Equity10/15 | -€734 | -€38,302 | -€28,583 | ▲ 25.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€10,734 | -€48,302 | -€38,583 | ▲ 20.1% |
| Amounts payable17/49 | €21,111 | €114,208 | €130,234 | ▲ 14.0% |
| Amounts payable after more than one year17 | - | €40,000 | €40,000 | = |
| Financial debts170/4 | - | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €21,111 | €74,208 | €90,234 | ▲ 21.6% |
| Trade debts44 | €2,739 | €2,837 | €863 | ▼ 69.6% |
| Suppliers440/4 | €2,739 | €2,837 | €863 | ▼ 69.6% |
| Other amounts payable47/48 | €18,372 | €71,371 | €89,371 | ▲ 25.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,734 | -€37,568 | €9,719 | - |
| + Depreciation and write-downs630 | €1,245 | €2,553 | €11,443 | ▲ 348% |
| Operating cash flow (approximation) | -€9,489 | -€35,015 | €21,162 | - |
| Investment in fixed assets (approximation) | - | - | -€56,005 | - |
| Change in cash | - | €23,860 | -€17,616 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00222728 |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00499770 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00365119 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NICOLAS PONTHIEU SRLfrom an act |
|
| TOP IMMO |
|
Owners and capital
Owners
1 ownerChain of control
- NICOLAS PONTHIEU
- Alternative Evolution
Highest known parent: NICOLAS PONTHIEU. The sources do not say who stands above it.
Owners 1
- NICOLAS PONTHIEUparent80%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
23-06
Gazette deed
Permanent representative: Nicolas PonthieuRegistered-office move4 facts ▸
- Board meeting, 29-05-2026
- Registered-office move, Avenue Brugmann 22,1060 Saint-Gilles
- Director in office, NICOLAS PONTHIEU SRL (director)
- Permanent representative, Nicolas Ponthieu
21-05
Gazette deed
Resignation: TOP IMMO SRL (director)2 facts ▸
- General meeting, 08-04-2026
- Director resignation, TOP IMMO SRL (director)
25-03
Gazette deed
MiscellaneousCapital increase · Financial instrument · Power of attorney11 facts ▸
- Capital increase
- Other provision, “15 jours article 5:129 CSA, article 5:128 CSA” (deed in French) (2 times)
- Financial instrument, “procurations sous seing privé ci-annexées”, 4 (deed in French) (2 times)
- Other provision, “souscription emprunt obligataire, procurations sous seing privé ci-annexées” (deed in French)
- Other provision, “intégralement souscrit et libéré”, 8 (deed in French)
- Power of attorney (3 times)
- General meeting, 05-02-2025
- Other provision, “rapport article 5:122, émission obligations avec droit de souscription” (deed in French)
- Financial instrument, “nominatives”, 8 (deed in French)
- Power of attorney, mandataire des souscripteurs non administrateurs
- Other provision, “frais, société émettrice exclusive” (deed in French)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has 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 20 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21446F0006/00L002 | Brussels | 4,441 m² | 1 · 2,234 m² | 22.4 m · 4 |
| 21013B0371/00L019 | Brussels | 1,307 m² | 1 · 317 m² | 18.9 m · 5 |
How the parcels are linked
Articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Même type, mêmes droits et avantages action ancienne” (deed in French)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Clause anti-dilution, adaptation prix de souscription et modalités droit de souscrire” (deed in French)
Read from the deeds: 2 provisions, deed of 25-03-2025