ALU-COATING
ActiveALU-COATING has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.41M and a net result of €1.17M. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days acceptable
Liquidity ample (current ratio 6.48 against 10.4 in 2024; short-term debt: 14.1% and cash: 14.9% of total assets), and 14.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.7%
Return on assets
22.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
on the day
2023
3 d early
2022
24 d late
2021
on the day
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€6.43M
EBIT margin
24.9%
Net result
€1.17M▼ 6.1%
2024 · €1.25M
2018: €1.13M
2019: €1.60M
2020: €1.90M
2021: €1.75M
2022: €2.44M
2023: €1.90M
2024: €1.25M
2018 → 2025
Working capital
€3.97M▲ 7.5%
2024 · €3.69M
2018: €7.80M
2019: €3.86M
2020: €2.10M
2021: €2.54M
2022: €3.39M
2023: €3.40M
2024: €3.69M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.95M-€3.90M▲ 32.5%€3.99M▲ 2.1%€4.24M▲ 6.2%€4.41M▲ 4.0%
Operating result€2.01M-€2.99M▲ 48.5%€2.43M▼ 18.7%€1.62M▼ 33.4%€1.51M▼ 6.9%
Net result€1.75M-€2.44M▲ 39.9%€1.90M▼ 22.1%€1.25M▼ 34.5%€1.17M▼ 6.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.14M
Fixed assets
€449k▼ 18.2%
Current assets
€4.69M▲ 14.8%
Equity and liabilities €5.14M
Equity
€4.41M▲ 4.0%
Debt
€734k▲ 84.2%
The debt ratio rises from 8.6% to 14.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.79M▼
2024 · €1.91M
Cash flow
€1.46M▼
2024 · €1.54M
Solvency
85.7%▼
2024 · 91.4%
Current ratio
6.48▼
2024 · 10.40
Quick ratio
4.21▼
2024 · 7.30
Debt / equity
0.17▲
2024 · 0.09
ROE
26.6%▼
2024 · 29.5%
ROA
22.8%▼
2024 · 26.9%
Interest coverage
81.70▲
2024 · 67.14
Debt
€734k▲
2024 · €398k
Debt ≤ 1 year
€724k▲
2024 · €393k
Income taxes
€387k▼
2024 · €412k
Staff costs
€1.30M▲
2024 · €1.29M
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€4.63M€5.14M▲
Fixed assets21/28€548k€449k▼
Tangible fixed assets22/27€548k€448k▼
Land and buildings22€45k€34k▼
Plant, machinery and equipment23€115k€133k▲
Furniture and vehicles24€388k€282k▼
Financial fixed assets28€46€46=
Current assets29/58€4.09M€4.69M▲
Stocks and contracts in progress3€1.22M€1.64M▲
Stocks30/36€1.20M€1.63M▲
Contracts in progress37€13k€16k▲
Amounts receivable within one year40/41€607k€846k▲
Trade receivables40€551k€792k▲
Other amounts receivable41€55k€54k▼
Current investments50/53€1.34M€1.34M=
Cash at bank and in hand54/58€819k€767k▼
Deferred charges and accrued income490/1€105k€96k▼
Equity and liabilities
Total equity and liabilities10/49€4.63M€5.14M▲
Equity10/15€4.24M€4.41M▲
Contributions10/11€19k€19k=
Reserves13€2.00M€2.00M=
Distributable reserves133€2.00M€2.00M=
Profit (loss) carried forward14€2.22M€2.39M▲
Amounts payable17/49€398k€734k▲
Amounts payable within one year42/48€393k€724k▲
Trade debts44€281k€522k▲
Suppliers440/4€281k€522k▲
Taxes, remuneration and social security45€112k€202k▲
Taxes450/3-€87k
Remuneration and social security454/9€112k€115k▲
Other amounts payable47/48€418€418=
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.29M€1.30M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€291k€286k▼
Other operating charges640/8€26k€31k▲
Non-recurring operating charges66A-€238
Gross operating margin9900€3.23M€3.13M▼
Operating profit (loss)9901€1.62M€1.51M▼
Financial income75/76B€68k€72k▲
Recurring financial income75€68k€72k▲
Financial charges65/66B€28k€22k▼
Recurring financial charges65€28k€22k▼
Profit (loss) for the period before taxes9903€1.66M€1.56M▼
Income taxes67/77€412k€387k▼
Profit (loss) for the period9904€1.25M€1.17M▼
Profit (loss) for the period to be appropriated9905€1.25M€1.17M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.22M€3.39M▲
Profit (loss) brought forward from the previous period14P€1.97M€2.22M▲
Profit to be distributed694/7€1.00M€1.00M=
Return on contributions (dividend)694€1.00M€1.00M=
Social balance
Average headcount (FTE)908716.816.0▼
The notes to these accounts (7 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
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 10.40
Current ratio from 2.83 to 10.40; short-term debt falls from €1.86M to €393k.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €2.44M ▲39.9%
Operating result €2.99M, net result €2.44M, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 51 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brecht · 1 establishment unit since 1994
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.
Bosstraat 32960 BrechtGround area
582 m²
Building footprint
199 m²
Volume, LiDAR
1,143 m³
Parcel 11043D0664/00E000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALU-COATING BVBA
since 19942.067.094.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0664/00E000 | Flanders | 581 m² | 1 · 199 m² | 7.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 11,986 EUR awarded · 11,986 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,200 EUR | 5,200 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 0 EUR | 4,500 EUR |
| 2022 | 1 | 5,786 EUR | 1,286 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Legal Entity Identifier
529900L8ZQGPKYW9IU16
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Of 557 companies in sector 25999 we hold annual accounts for 351. 166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-1994
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
28510
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.