Financials
- Financial year
- 2025
- Total assets
- €197,970
- Loss
- -€109,570
- Solvency
- 72.1%
Total assets▼ 47.0%
Net result
20182025
ALU - WETS
ActiveSummary
The annual accounts of ALU - WETS for financial year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €142,710 and a net result of -€109,570. Equity is shrinking by about 9% per year across the filed financial years. Its solvency ranks better than 81% of 9,591 sector peers (NACE 43, financial year 2025). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Joinery installation
NACE 43320Manufacture of fabricated metal products, except machinery and equipment NACE 25120
#7 oldest company in Ninove, Construction sector1 site
Size
€197,970total assets 2025
- Staff
- 2 FTE
- Equity
- €142,710
- Loss
- -€109,570
Turnover not published (abbreviated or micro format)
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €109,570, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.51, cash €48,647Founded in 1978Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 40% of its sector peers (NACE 43, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency
97+4
equity 72.1% of total assets
Liquidity
70+11
short-term debt 27.9% · cash 24.6%
Profitability
0-5
return on assets -55.3%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €7,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.51, compared with 3.23 in 2024; short-term debt: 27.9% and cash: 24.6% of total assets), and 27.9% of the assets are financed with debt.
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 43, micro): better than 78% on solvency, 68% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-10-2026 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
Six signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€109,570
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 days late
2024
77 days early
2023
43 days early
2022
29 days late
2021
24 days late
2020
31 days late
2019
46 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 August (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€109,570
- Resignations: Martine De Dier (director) and…Appointment: Savas Gümüs (director) ·…
Key points
- Risk: 3 loss-making years in a rowloss financial year 2025 -€109,570 View
- Caution: Result fell in 2025from -€40,953 to -€109,570 ▼ 168% View
- Caution: Among the weakest 5% on net resultsector median €27,714 · 9,584 companies -€109,570 View
- Caution: Board changedlatest change 23-12-2025 · 1 in office 1 joined · 2 left View
- Active since 1978founded 29-06-1978 48 years View
By topic
Board & ownership
- Board
- 1 member
- Savas GümüsDirector
Timeline
- Events
- 53
- Since
- 1979
- Next accounts
- by 31-07-2027
- 15-05-2025Annual accounts filed
- 18-06-2024Annual accounts filed
- 29-08-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 29-06-1978
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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