ALTERNATIVE J.H.
ActiveALTERNATIVE J.H. has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €11k. Equity is growing by ~69.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-13
Solvency30▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.39 in 2024; short-term debt: 9% and cash: 3.4% of total assets), and 94.6% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
36 d early
2023
29 d early
2022
22 d early
2021
3 d early
2020
9 d late
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 82.4%
2024 · €13k
2019: €-32k
2020: €-24k
2021: €-10k
2022: €-5k
2023: €-59
2024: €13k
2019 → 2025
Total assets
€441k▲ 41.3%
2024 · €312k
2019: €6k
2020: €172k
2021: €326k
2022: €319k
2023: €317k
2024: €312k
2019 → 2025
Net result
€11k▼ 17.9%
2024 · €13k
2019: €5k
2020: €8k
2021: €15k
2022: €5k
2023: €5k
2024: €13k
2019 → 2025
Working capital
€-17k▲ 63.2%
2024 · €-46k
2019: €-32k
2020: €-53k
2021: €-67k
2022: €-64k
2023: €-58k
2024: €-46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€-5k▲ 47.2%€-59▲ 98.8%€13k€24k▲ 82.4%
Operating result€19k-€9k▼ 48.9%€10k▲ 2.8%€23k▲ 134%€24k▲ 5.4%
Net result€15k-€5k▼ 69.3%€5k▲ 10.5%€13k▲ 160%€11k▼ 17.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€418k▲ 47.8%
Current assets
€23k▼ 22.0%
Equity and liabilities €441k
Equity
€24k▲ 82.4%
Debt
€417k▲ 39.5%
The debt ratio falls from 95.8% to 94.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40k▲
2024 · €38k
Cash flow
€26k▼
2024 · €29k
Solvency
5.4%▲
2024 · 4.2%
Current ratio
0.57▲
2024 · 0.39
Quick ratio
0.57▲
2024 · 0.39
Debt / equity
17.59▼
2024 · 23.00
ROE
45.2%▼
2024 · 100.5%
ROA
2.4%▼
2024 · 4.2%
Interest coverage
4.72▼
2024 · 8.58
Debt
€417k▲
2024 · €299k
Debt ≤ 1 year
€40k▼
2024 · €75k
Debt > 1 year
€376k▲
2024 · €222k
Income taxes
€5k▼
2024 · €5k
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€312k€441k▲
Fixed assets21/28€283k€418k▲
Tangible fixed assets22/27€283k€268k▼
Land and buildings22€280k€264k▼
Plant, machinery and equipment23€3k€4k▲
Financial fixed assets28-€150k
Current assets29/58€29k€23k▼
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40€2k€6k▲
Other amounts receivable41-€1k
Cash at bank and in hand54/58€27k€15k▼
Deferred charges and accrued income490/1€5€2▼
Equity and liabilities
Total equity and liabilities10/49€312k€441k▲
Equity10/15€13k€24k▲
Contributions10/11€6k€6k=
Reserves13€7k€18k▲
Distributable reserves133€7k€18k▲
Amounts payable17/49€299k€417k▲
Amounts payable after more than one year17€222k€376k▲
Financial debts170/4€222k€376k▲
Amounts payable within one year42/48€75k€40k▼
Current portion of amounts payable after more than one year42€14k€28k▲
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€57k€11k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€41k€42k▲
Operating profit (loss)9901€23k€24k▲
Financial income75/76B€26€23▼
Recurring financial income75€26€23▼
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€18k€16k▼
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€13k€11k▼
Profit (loss) for the period to be appropriated9905€13k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€11k▲
Profit (loss) brought forward from the previous period14P€-6k-
Transfer to equity691/2€7k€212▼
To other reserves6921€7k€212▼
Profit to be distributed694/7-€11k
Return on contributions (dividend)694-€11k
The notes to these accounts (10 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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €5k ▼69.3%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €15k ▲92%
Net result €15k, the highest in the series.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Frameries · 1 establishment unit since 2006
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 Alliés 83-857080 FrameriesGround area
578 m²
Building footprint
42 m²
Parcel 53028C0988/00X000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ALTERNATIVE J.H.
since 20062.155.521.033
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C0988/00X000 | Wallonia | 578 m² | 1 · 42 m² | - |
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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Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,205 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2006
Fiscal year end30-06
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.
Contact details
1 entryPhone:065/31.19.56