Alternative Green
ActiveAlternative Green has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.91M and a net result of €3.40M. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
83
/ 100
Excellent▲ +41 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100▲+4
Growth85▲+17
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity ample (current ratio 5.66 against 2.4 in 2023), and 14.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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 2024Solvency, return and age of the figures
Solvency
85.1%
Return on assets
59%
Age of the figures
20 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
29 d late
2022
31 d late
2021
92 d late
2020
8 d early
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€132k▲ 252%
2019 · €38k
2018: €40k
2019: €38k
2018 → 2020
EBIT margin
203.7%▲ 566.3pp
2019 · -362.5%
2018: -199.9%
2019: -362.5%
2018 → 2020
Net result
€3.40M
2023 · €-95k
2018: €-86k
2019: €-75k
2020: €869k
2021: €185k
2022: €332k
2023: €-95k
2018 → 2024
Working capital
€2.34M▲ 244%
2023 · €680k
2018: €835k
2019: €678k
2020: €1.08M
2021: €1.85M
2022: €674k
2023: €680k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€132k-
Equity€2.11M-€2.29M▲ 8.8%€2.62M▲ 14.5%€2.53M▼ 3.6%€4.91M▲ 94.1%
Operating result€270k-€-182k€75k€-18k€-20k▼ 14.8%
Net result€869k-€185k▼ 78.7%€332k▲ 79.4%€-95k€3.40M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2024 against €18k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.77M
Fixed assets
€2.92M▼ 22.2%
Current assets
€2.85M▲ 144%
Equity and liabilities €5.77M
Equity
€4.91M▲ 94.1%
Provisions
€27k=
Debt
€832k▼ 64.8%
The debt ratio falls from 48.1% to 14.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-19k▼
2023 · €-16k
Cash flow
€3.40M▲
2023 · €-94k
Solvency
85.1%▲
2023 · 51.4%
Current ratio
5.66▲
2023 · 2.40
Quick ratio
4.91▲
2023 · 0.47
Debt / equity
0.17▼
2023 · 0.93
ROE
69.3%▲
2023 · -3.8%
ROA
59.0%▲
2023 · -1.9%
Interest coverage
-0.12▲
2023 · -0.13
Debt
€832k▼
2023 · €2.36M
Debt ≤ 1 year
€503k▲
2023 · €487k
Debt > 1 year
€0▼
2023 · €1.61M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.92M€5.77M▲
Fixed assets21/28€3.75M€2.92M▼
Tangible fixed assets22/27€6k€5k▼
Land and buildings22€6k€5k▼
Furniture and vehicles24€0-
Financial fixed assets28€3.74M€2.92M▼
Current assets29/58€1.17M€2.85M▲
Amounts receivable after more than one year29-€2.00M
Other amounts receivable291-€2.00M
Stocks and contracts in progress3€938k€377k▼
Stocks30/36€938k€377k▼
Amounts receivable within one year40/41€79k€163k▲
Trade receivables40€48k€117k▲
Other amounts receivable41€31k€46k▲
Cash at bank and in hand54/58€150k€11k▼
Deferred charges and accrued income490/1€515€290k▲
Equity and liabilities
Total equity and liabilities10/49€4.92M€5.77M▲
Equity10/15€2.53M€4.91M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€1.02M€0▼
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€1.44M€4.84M▲
Provisions and deferred taxes16€27k€27k=
Provisions for liabilities and charges160/5€27k€27k=
Taxes161€27k€27k=
Amounts payable17/49€2.36M€832k▼
Amounts payable after more than one year17€1.61M€0▼
Other amounts payable178/9€1.61M€0▼
Amounts payable within one year42/48€487k€503k▲
Current portion of amounts payable after more than one year42€229k€0▼
Financial debts43€67k€0▼
Credit institutions430/8€67k€0▼
Trade debts44€166k€395k▲
Suppliers440/4€166k€395k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€22k€102k▲
Accrued charges and deferred income492/3€262k€329k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-35k
Other operating charges640/8€960€2k▲
Gross operating margin9900€-15k€-52k▼
Operating profit (loss)9901€-18k€-20k▼
Financial income75/76B€48k€3.58M▲
Recurring financial income75€48k€3.58M▲
Financial charges65/66B€126k€163k▲
Recurring financial charges65€126k€163k▲
Profit (loss) for the period before taxes9903€-95k€3.40M▲
Profit (loss) for the period9904€-95k€3.40M▲
Profit (loss) for the period to be appropriated9905€-95k€3.40M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.44M€4.84M▲
Profit (loss) brought forward from the previous period14P€1.53M€1.44M▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 91 days late
2024
31-12
Financial
Back to profitnet €3.40M
Net result €3.40M after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.66
Current ratio from 2.40 to 5.66.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-95k ▼129%
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €869k
Net result €869k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.11M ▲70.1%
Equity rises from €1.24M to €2.11M.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 72 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Léglise · 1 establishment unit since 2008
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.
Rue des Cooses,Louftémont 66860 LégliseGround area
5,401 m²
Building footprint
315 m²
Volume, LiDAR
1,104 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTERNATIVE GREEN
since 20082.173.174.439
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84001B0823/00T000 | Wallonia | 4,034 m² | 1 · 193 m² | 8.0 m · 2 fl. |
| 84001B0968/00A000indicative | Wallonia | 1,367 m² | 1 · 122 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 816 companies in sector 35110 we hold annual accounts for 632. 339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-07-2008
Fiscal year end31-12
Abbreviation FR
AG
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.