ALUNION
ActiveSummary
ALUNION has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €22k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 36% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+54
Solvency59▲+6
Growth49▼-4
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.36 in 2023; short-term debt: 65.9% and cash: 0.6% of total assets), and 65.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.1%
Return on assets
10.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
64 d late
2022
80 d late
2021
92 d late
2020
107 d late
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€397k▼ 11.2%
2023 · €447k
2018: €336k
2019: €368k▲ +9.4% vs 2018
2020: €260k▼ -29.2% vs 2019lowest in 7 years
2021: €378k▲ +45.2% vs 2020
2022: €384k▲ +1.6% vs 2021
2023: €447k▲ +16.4% vs 2022highest in 7 years
2024: €397k▼ -11.2% vs 2023
2018 → 2024
EBIT margin
5.6%▲ 6.9pp
2023 · -1.3%
2018: 8.7%highest in 7 years
2019: 4.8%▼ -44.6% vs 2018
2020: 3.2%▼ -34.0% vs 2019
2021: 3.4%▲ +7.3% vs 2020
2022: 3.0%▼ -12.0% vs 2021
2023: -1.3%▼ -143% vs 2022lowest in 7 years
2024: 5.6%▲ +534% vs 2023
2018 → 2024
Net result
€22k
2023 · €-9k
2018: €28khighest in 7 years
2019: €16k▼ -41.3% vs 2018
2020: €3k▼ -80.3% vs 2019
2021: €11k▲ +238% vs 2020
2022: €8k▼ -29.1% vs 2021
2023: €-9k▼ -222% vs 2022lowest in 7 years
2024: €22k▲ +334% vs 2023
2018 → 2024
Working capital
€67k▲ 46.0%
2023 · €46k
2018: €10klowest in 7 years
2019: €19k▲ +95.6% vs 2018
2020: €26k▲ +31.3% vs 2019
2021: €39k▲ +54.1% vs 2020
2022: €51k▲ +30.7% vs 2021
2023: €46k▼ -11.0% vs 2022
2024: €67k▲ +46.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€260k-€378k▲ 45.2%€384k▲ 1.6%€447k▲ 16.4%€397k▼ 11.2%
2020: €260klowest in 5 years
2021: €378k▲ +45.2% vs 2020
2022: €384k▲ +1.6% vs 2021
2023: €447k▲ +16.4% vs 2022highest in 5 years
2024: €397k▼ -11.2% vs 2023
Equity€42k-€53k▲ 25.6%€60k▲ 14.4%€51k▼ 15.4%€73k▲ 42.4%
2020: €42klowest in 5 years
2021: €53k▲ +25.6% vs 2020
2022: €60k▲ +14.4% vs 2021
2023: €51k▼ -15.4% vs 2022
2024: €73k▲ +42.4% vs 2023highest in 5 years
Operating result€8k-€13k▲ 55.7%€11k▼ 10.6%€-6k€22k
2020: €8k
2021: €13k▲ +55.7% vs 2020
2022: €11k▼ -10.6% vs 2021
2023: €-6k▼ -151% vs 2022lowest in 5 years
2024: €22k▲ +485% vs 2023highest in 5 years
Net result€3k-€11k▲ 238%€8k▼ 29.1%€-9k€22k
2020: €3k
2021: €11k▲ +238% vs 2020
2022: €8k▼ -29.1% vs 2021
2023: €-9k▼ -222% vs 2022lowest in 5 years
2024: €22k▲ +334% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €22k after a loss of €6k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€6k ▲ 11.5%
Current assets
€208k ▲ 19.2%
Equity and liabilities €213k
Equity
€73k ▲ 42.4%
Debt
€141k ▲ 9.7%
Debt's share of the balance-sheet total falls from 71.5% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €-1k
Cash flow
€24k▲
2023 · €-5k
Current ratio
1.47▲
2023 · 1.36
Quick ratio
0.52▼
2023 · 0.68
Debt to equity
1.94▼
2023 · 2.51
ROE
29.8%▲
2023 · -18.1%
ROA
10.1%▲
2023 · -5.2%
Interest coverage
29.94▲
2023 · -0.98
Debt ≤ 1 year
€141k▲
2023 · €128k
Staff costs
€82k▲
2023 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€179k€213k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€6k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€4k€2k▼
Financial fixed assets28€211€211=
Current assets29/58€174k€208k▲
Stocks and contracts in progress3€86k€134k▲
Stocks30/36€86k€134k▲
Amounts receivable within one year40/41€78k€72k▼
Trade receivables40€67k€54k▼
Other amounts receivable41€11k€18k▲
Cash at bank and in hand54/58€9k€1k▼
Deferred charges and accrued income490/1€62-
Equity and liabilities
Total equity and liabilities10/49€179k€213k▲
Equity10/15€51k€73k▲
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€28k€50k▲
Amounts payable17/49€128k€141k▲
Amounts payable within one year42/48€128k€141k▲
Current portion of amounts payable after more than one year42€390-
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€41k€42k▲
Suppliers440/4€41k€42k▲
Advances received on contracts in progress46€38k€34k▼
Taxes, remuneration and social security45€26k€42k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€22k€39k▲
Other amounts payable47/48€23k€21k▼
Income statement
Code20232024
Turnover70€447k€397k▼
Goods, raw materials, services and sundry goods60/61€377k€289k▼
Remuneration, social security and pensions62€70k€82k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€732€897▲
Gross operating margin9900€70k€108k▲
Operating profit (loss)9901€-6k€22k▲
Financial income75/76B€24€106▲
Recurring financial income75€24€106▲
Financial charges65/66B€1k€838▼
Recurring financial charges65€1k€838▼
Profit (loss) for the period before taxes9903€-7k€22k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-9k€22k▲
Profit (loss) for the period to be appropriated9905€-9k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€50k▲
Profit (loss) brought forward from the previous period14P€38k€28k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €260k | €378k | €384k | €447k | €397k | ▼ 11.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €318k | €310k | €377k | €289k | ▼ 23.4% |
| Remuneration, social security and pensions62 | - | €40k | €56k | €70k | €82k | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €5k | €5k | €5k | €3k | ▼ 40.8% |
| Other operating charges640/8 | - | €906 | €821 | €732 | €897 | ▲ 22.5% |
| Gross operating margin9900 | €49k | €60k | €74k | €70k | €108k | ▲ 54.5% |
| Operating profit (loss)9901 | €8k | €13k | €11k | €-6k | €22k | ▲ 485% |
| Financial income75/76B | - | €2 | €49 | €24 | €106 | ▲ 347% |
| Recurring financial income75 | €24 | €2 | €49 | €24 | €106 | ▲ 347% |
| Financial charges65/66B | - | €1k | €1k | €1k | €838 | ▼ 31.9% |
| Recurring financial charges65 | €1k | €1k | €1k | €1k | €838 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €7k | €12k | €10k | €-7k | €22k | ▲ 409% |
| Income taxes67/77 | €4k | €1k | €3k | €2k | - | - |
| Profit (loss) for the period9904 | €3k | €11k | €8k | €-9k | €22k | ▲ 334% |
| Profit (loss) for the period to be appropriated9905 | €3k | €11k | €8k | €-9k | €22k | ▲ 334% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €145k | €121k | €179k | €213k | ▲ 19.0% |
| Fixed assets21/28 | €19k | €13k | €9k | €5k | €6k | ▲ 11.5% |
| Tangible fixed assets22/27 | €19k | €13k | €9k | €5k | €6k | ▲ 11.9% |
| Plant, machinery and equipment23 | - | €5k | €3k | €2k | €1k | ▼ 27.5% |
| Furniture and vehicles24 | - | €2k | €958 | - | €2k | - |
| Leasing and similar rights25 | - | €6k | €5k | €4k | €2k | ▼ 33.3% |
| Other tangible fixed assets26 | - | €579 | - | - | - | - |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €100k | €131k | €112k | €174k | €208k | ▲ 19.2% |
| Stocks and contracts in progress3 | €60k | €61k | €64k | €86k | €134k | ▲ 55.4% |
| Stocks30/36 | - | €61k | €64k | €86k | €134k | ▲ 55.4% |
| Amounts receivable within one year40/41 | €38k | €67k | €45k | €78k | €72k | ▼ 7.8% |
| Trade receivables40 | - | €44k | €28k | €67k | €54k | ▼ 19.4% |
| Other amounts receivable41 | - | €23k | €17k | €11k | €18k | ▲ 63.2% |
| Cash at bank and in hand54/58 | €6 | €2k | €430 | €9k | €1k | ▼ 86.9% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €62 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €145k | €121k | €179k | €213k | ▲ 19.0% |
| Equity10/15 | €42k | €53k | €60k | €51k | €73k | ▲ 42.4% |
| Contributions10/11 | €12k | €12k | €12k | - | - | - |
| Reserves13 | €11k | €11k | €11k | €23k | €23k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | €9k | €9k | €23k | €23k | = |
| Profit (loss) carried forward14 | €19k | €30k | €38k | €28k | €50k | ▲ 76.3% |
| Amounts payable17/49 | €77k | €92k | €61k | €128k | €141k | ▲ 9.7% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €74k | €92k | €61k | €128k | €141k | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €6k | €390 | €390 | - | - |
| Financial debts43 | - | €6k | €836 | - | €1k | - |
| Credit institutions430/8 | - | €6k | €836 | - | €1k | - |
| Trade debts44 | €11k | €31k | €22k | €41k | €42k | ▲ 2.8% |
| Suppliers440/4 | - | €31k | €22k | €41k | €42k | ▲ 2.8% |
| Advances received on contracts in progress46 | - | €30k | €10k | €38k | €34k | ▼ 9.4% |
| Taxes, remuneration and social security45 | - | €10k | €16k | €26k | €42k | ▲ 59.4% |
| Taxes450/3 | - | €957 | €4k | €4k | €3k | ▼ 16.9% |
| Remuneration and social security454/9 | - | €9k | €12k | €22k | €39k | ▲ 72.5% |
| Other amounts payable47/48 | - | €9k | €12k | €23k | €21k | ▼ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €11k | €8k | €-9k | €22k | ▲ 334% |
| + Depreciation and write-downs630 | €8k | €5k | €5k | €5k | €3k | ▼ 40.8% |
| Operating cash flow (approximation) | €11k | €16k | €13k | €-5k | €24k | ▲ 622% |
| Investment in fixed assets (approximation) | - | €0 | €-921 | €-1k | €-3k | ▼ 233% |
| Change in cash | - | €2k | €-2k | €9k | €-8k | ▼ 191% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Manage · 1 establishment unit since 2002
Ground area
223 m²
Building footprint
49 m²
Volume, LiDAR
528 m³
Parcel 52019A0220/00A002, Wallonia · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Emile Herman 292, 7170 Manage
since 20022.098.979.634
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52019A0220/00A002 | Wallonia | 223 m² | 1 · 49 m² | 12.1 m · 4 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.
Similar companies · same sector, comparable size
Hemac Ecologie
BE 0554.742.010
Sprimont · Eq €72,750
FOCUS-T
BE 0761.439.904
Knokke-Heist · Eq €72,691
D & V projects
BE 0890.976.672
Oostrozebeke · Eq €72,679
REMATIC
BE 0730.701.592
Liedekerke · Eq €72,662
DH Menuiserie
BE 0834.346.884
Liège · Eq €72,839
Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,638 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
Founded05-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.