ALTERNATIVE S.C.
Open bankruptcyA bankruptcy procedure is open for ALTERNATIVE S.C. according to publications in the Belgian State Gazette; curator: CHRISTOPHE BOURTEMBOURG.
Summary
The 2022 annual accounts show equity of €23,674 and a net result of -€24,918.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 22 December 2025
- Supervising judge
- Nady Bilani
- Official Gazette
- 30-12-2025 (pdf) ↗search the document for 2025/154550
Deadlines
- Appeal or third-party opposition until
- passed on 14 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 January 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 22 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christophe BourtembourgAvenue Louise 283/19, 1050 Ixelles- law.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2020
16 d late
2019
19 d late
2018
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Organisation of conventions and trade shows sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€23,674▲ 27.4%
2020 · €18,580
Total assets
€99,320▲ 130%
2020 · €43,167
Net result
-€24,918▲ 1.1%
2020 · -€25,206
Working capital
€16,472▲ 21.2%
2020 · €13,587
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202022
Operating result€18,352--€5,299-€25,179▼ 375%-€24,151-
Net result€10,730--€4,711-€25,206below the sector's middle half▼ 435%-€24,918below the sector's middle half-
Equity€48,497-€43,786▼ 9.7%€18,580within the sector's middle half▼ 57.6%€23,674within the sector's middle half-
Total assets€116,929-€104,053▼ 11.0%€43,167below the sector's middle half▼ 58.5%€99,320within the sector's middle half-
Debt€68,432-€60,267▼ 11.9%€24,587▼ 59.2%€75,646-
Working capital€35,627-€34,367▼ 3.5%€13,587within the sector's middle half▼ 60.5%€16,472within the sector's middle half-
Solvency41.5%-42.1%▲ 0.6pp43.0%within the sector's middle half▲ 1.0pp23.8%within the sector's middle half-
Current ratio1.56-1.59▲ 0.031.55within the sector's middle half▼ 0.031.26within the sector's middle half-
Return on assets (ROA)9.2%--4.5%▼ 13.7pp-58.4%below the sector's middle half▼ 53.9pp-25.1%below the sector's middle half-
Staff (FTE)8.7-7.5▼ 13.8%2.7above the sector's middle half▼ 64.0%8.6-
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€24,151 in 2022, compared with -€25,179 in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Assets €99,320
Fixed assets
€18,698 ▲ 271%
Current assets
€80,622 ▲ 111%
Equity and liabilities €99,320
Equity
€23,674 ▲ 27.4%
Debt
€75,646 ▲ 208%
Debt's share of the balance-sheet total rises from 57.0% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€18,065▲
2020 · -€18,979
Cash flow
-€18,832▲
2020 · -€19,006
Debt to equity
3.20
ROE
-105.3%▲
2020 · -135.7%
Interest coverage
-39.70
Debt ≤ 1 year
€64,150▲
2020 · €24,541
Debt > 1 year
€11,496
Income taxes
€374▲
2020 · -€49
Staff costs
€152,822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €152,822 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,300 | €6,490 | €6,200 | €6,086 | - |
| Other operating charges640/8 | - | - | - | €946 | - |
| Gross operating margin9900 | €365,111 | €291,527 | €77,916 | €135,703 | - |
| Operating profit (loss)9901 | €18,352 | -€5,299 | -€25,179 | -€24,151 | - |
| Financial income75/76B | - | - | - | €62 | - |
| Recurring financial income75 | €1 | €1,832 | €160 | €62 | - |
| Financial charges65/66B | - | - | - | €455 | - |
| Recurring financial charges65 | €562 | €379 | €236 | €455 | - |
| Profit (loss) for the period before taxes9903 | €17,791 | -€3,846 | -€25,255 | -€24,544 | - |
| Income taxes67/77 | €7,061 | €865 | -€49 | €374 | - |
| Profit (loss) for the period9904 | €10,730 | -€4,711 | -€25,206 | -€24,918 | - |
| Profit (loss) for the period to be appropriated9905 | €10,730 | -€4,711 | -€25,206 | -€24,918 | - |
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €116,929 | €104,053 | €43,167 | €99,320 | - |
| Fixed assets21/28 | €17,729 | €11,239 | €5,039 | €18,698 | - |
| Tangible fixed assets22/27 | €17,629 | €11,139 | €4,939 | €18,598 | - |
| Land and buildings22 | - | - | - | €2,957 | - |
| Furniture and vehicles24 | - | - | - | €15,641 | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | - |
| Current assets29/58 | €99,200 | €92,814 | €38,128 | €80,622 | - |
| Amounts receivable within one year40/41 | €76,246 | €77,920 | €11,051 | €36,904 | - |
| Trade receivables40 | - | - | - | €36,904 | - |
| Cash at bank and in hand54/58 | €20,855 | €12,674 | €26,161 | €42,910 | - |
| Deferred charges and accrued income490/1 | - | - | - | €808 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €116,929 | €104,053 | €43,167 | €99,320 | - |
| Equity10/15 | €48,497 | €43,786 | €18,580 | €23,674 | - |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | - |
| Reserves13 | €22,230 | €22,230 | €22,230 | €29,592 | - |
| Non-distributable reserves130/1 | - | - | - | €1,900 | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | - |
| Distributable reserves133 | - | - | - | €27,692 | - |
| Profit (loss) carried forward14 | €7,267 | €2,556 | -€22,650 | -€24,918 | - |
| Amounts payable17/49 | €68,432 | €60,267 | €24,587 | €75,646 | - |
| Amounts payable after more than one year17 | €4,859 | €379 | - | €11,496 | - |
| Financial debts170/4 | - | - | - | €11,496 | - |
| Amounts payable within one year42/48 | €63,573 | €58,447 | €24,541 | €64,150 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,948 | - |
| Trade debts44 | €4,874 | €4,477 | €1,208 | €6,622 | - |
| Suppliers440/4 | - | - | - | €6,622 | - |
| Advances received on contracts in progress46 | - | - | - | €5,026 | - |
| Taxes, remuneration and social security45 | - | - | - | €36,440 | - |
| Taxes450/3 | - | - | - | €12,815 | - |
| Remuneration and social security454/9 | - | - | - | €23,625 | - |
| Other amounts payable47/48 | - | - | - | €11,114 | - |
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,730 | -€4,711 | -€25,206 | -€24,918 | - |
| + Depreciation and write-downs630 | €6,300 | €6,490 | €6,200 | €6,086 | - |
| Operating cash flow (approximation) | €17,030 | €1,779 | -€19,006 | -€18,832 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€8,181 | €13,487 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 22-12-2025
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet -€25,206
Net result drops to -€25,206, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2013
Ground area
1,810 m²
Building footprint
301 m²
Volume, LiDAR
11,223 m³
Parcel 21672C0086/00K000, Brussels · tallest building 40.0 m, ±12 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
ALTERNATIVE S.C.
since 20132.225.319.857
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21672C0086/00K000 | Brussels | 1,810 m² | 1 · 301 m² | 40.0 m · 12 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
22-12-2025 → present |
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Of 4,577 companies in sector 82300 we hold annual accounts for 1,673. 1,137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.