ALUSENSE
ActiveSummary
ALUSENSE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.6m and a net result of €1.1m. Equity is growing by ~25% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-9
Solvency56▲+4
Growth68=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 2.13 in 2023; short-term debt: 49.3% and cash: 7.2% of total assets), but 69.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30.7%
Return on assets
7.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
45 d early
2023
34 d early
2022
45 d late
2021
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 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 (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, full schema
In the rankings
#3 company by total assets in Londerzeel, Manufacturing sector#6 company by equity in Londerzeel, Manufacturing sector
Turnover
€24.3m▲ 15.9%
2023 · €21.0m
EBIT margin
7.4%▲ 1.5pp
2023 · 5.9%
Net result
€1.1m▲ 59.0%
2023 · €678,182
Working capital
€4.2m▼ 7.1%
2023 · €4.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€14.2m-€16.5m▲ 16.3%€21.0m▲ 27.3%€24.3m▲ 15.9%
Operating result€2.5m-€1.0m▼ 58.3%€1.2m▲ 19.0%€1.8m▲ 44.1%
Net result€1.8m-€519,462▼ 71.6%€678,182▲ 30.6%€1.1m▲ 59.0%
EBIT margin17.7%-6.4%▼ 11.4pp5.9%▼ 0.4pp7.4%▲ 1.5pp
Equity€2.3m-€2.8m▲ 22.7%€3.5m▲ 24.1%€4.6m▲ 30.9%
Total assets€11.8m-€13.3m▲ 13.1%€12.9m▼ 3.0%€14.9m▲ 15.1%
Debt€9.5m-€10.3m▲ 9.0%€9.4m▼ 8.7%€10.3m▲ 9.3%
Working capital€3.4m-€2.5m▼ 25.4%€4.6m▲ 82.4%€4.2m▼ 7.1%
Staff (FTE)1.6-5.4▲ 238%6.7▲ 24.1%11.1▲ 65.7%
Why a figure moved sharply
- 2024 Net result +59% on 2023. Cause not known from the registers.
- 2022 Net result -72% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.9m
Fixed assets
€3.3m ▼ 23.1%
Current assets
€11.6m ▲ 34.2%
Equity and liabilities €14.9m
Equity
€4.6m ▲ 30.9%
Debt
€10.3m ▲ 9.3%
Debt's share of the balance-sheet total falls from 73.0% to 69.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.1m▼
2023 · €4.7m
Cash flow
€2.4m▼
2023 · €4.2m
Current ratio
1.58▼
2023 · 2.13
Quick ratio
1.15▼
2023 · 1.58
Debt to equity
2.25▼
2023 · 2.70
ROE
23.6%▲
2023 · 19.4%
ROA
7.3%▲
2023 · 5.3%
Interest coverage
18.50▼
2023 · 33.34
Debt ≤ 1 year
€7.3m▲
2023 · €4.1m
Debt > 1 year
€3.0m▼
2023 · €5.4m
Income taxes
€490,412▲
2023 · €316,131
Staff costs
€1.2m▲
2023 · €557,509
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,776 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €14.2m | €16.7m | €21.4m | €24.7m | ▲ 15.0% |
| Turnover70 | €14.2m | €16.5m | €21.0m | €24.3m | ▲ 15.9% |
| Other operating income74 | €5,947 | €207,558 | €446,577 | €323,982 | ▼ 27.5% |
| Operating charges60/66A | €11.7m | €15.7m | €20.2m | €22.9m | ▲ 13.2% |
| Goods for resale, raw materials and consumables60 | €7.6m | €9.4m | €11.8m | €13.5m | ▲ 14.9% |
| Purchases600/8 | €11.1m | €8.2m | €11.3m | €14.4m | ▲ 27.7% |
| Change in stocks: decrease (increase)609 | -€3.5m | €1.2m | €477,786 | -€895,637 | ▼ 287% |
| Services and other goods61 | €2.5m | €3.9m | €4.5m | €4.6m | ▲ 2.8% |
| Remuneration, social security and pensions62 | €106,386 | €418,991 | €557,509 | €1.2m | ▲ 115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.8m | €3.5m | €1.3m | ▼ 63.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €108,285 | €13,192 | €0 | -€7,720 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €170,000 | -€170,000 | - | - |
| Other operating charges640/8 | €3,889 | €28,498 | €11,529 | €50,485 | ▲ 338% |
| Non-recurring operating charges66A | - | - | €28,781 | €2.2m | ▲ 7,457% |
| Operating profit (loss)9901 | €2.5m | €1.0m | €1.2m | €1.8m | ▲ 44.1% |
| Financial income75/76B | €1 | €12,299 | €6,430 | €29,005 | ▲ 351% |
| Recurring financial income75 | €1 | €12,299 | €6,430 | €29,005 | ▲ 351% |
| Other financial income752/9 | €1 | €12,299 | €6,430 | €29,005 | ▲ 351% |
| Financial charges65/66B | €73,332 | €238,729 | €260,603 | €260,010 | ▼ 0.2% |
| Recurring financial charges65 | €73,332 | €238,729 | €260,603 | €260,010 | ▼ 0.2% |
| Debt charges650 | €66,300 | €50,188 | €142,125 | €166,564 | ▲ 17.2% |
| Other financial charges652/9 | €7,032 | €188,542 | €118,478 | €93,446 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €2.4m | €822,495 | €994,313 | €1.6m | ▲ 57.7% |
| Income taxes67/77 | €615,000 | €303,034 | €316,131 | €490,412 | ▲ 55.1% |
| Taxes670/3 | €615,000 | €303,034 | €316,131 | €490,412 | ▲ 55.1% |
| Profit (loss) for the period9904 | €1.8m | €519,462 | €678,182 | €1.1m | ▲ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €519,462 | €678,182 | €1.1m | ▲ 59.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11.8m | €13.3m | €12.9m | €14.9m | ▲ 15.1% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €4.6m | €5.3m | €4.3m | €3.3m | ▼ 23.1% |
| Intangible fixed assets21 | €111,191 | €199,124 | €78,017 | €12,479 | ▼ 84.0% |
| Tangible fixed assets22/27 | €4.5m | €5.1m | €4.2m | €3.3m | ▼ 22.0% |
| Plant, machinery and equipment23 | €2.7m | €2.4m | €1.1m | €311,181 | ▼ 72.0% |
| Furniture and vehicles24 | - | €47,105 | €35,458 | €23,811 | ▼ 32.8% |
| Leasing and similar rights25 | €377,178 | €87,019 | €16,912 | €1.3m | ▲ 7,526% |
| Other tangible fixed assets26 | - | €700,687 | €700,687 | €700,687 | = |
| Assets under construction and advance payments27 | €1.4m | €1.9m | €2.3m | €956,314 | ▼ 59.2% |
| Financial fixed assets28 | €5,876 | €7,376 | €8,876 | €8,876 | = |
| Other financial fixed assets284/8 | €5,876 | €7,376 | €8,876 | €8,876 | = |
| Amounts receivable and cash guarantees285/8 | €5,876 | €7,376 | €8,876 | €8,876 | = |
| Current assets29/58 | €7.2m | €8.0m | €8.6m | €11.6m | ▲ 34.2% |
| Stocks and contracts in progress3 | €3.9m | €2.7m | €2.2m | €3.1m | ▲ 40.9% |
| Stocks30/36 | €3.9m | €2.7m | €2.2m | €3.1m | ▲ 40.9% |
| Raw materials and consumables30/31 | €1.6m | €1.6m | €1.5m | €1.6m | ▲ 10.0% |
| Goods purchased for resale34 | €2.3m | €1.1m | €710,197 | €1.5m | ▲ 106% |
| Amounts receivable within one year40/41 | €1.2m | €4.6m | €4.9m | €6.8m | ▲ 37.2% |
| Trade receivables40 | €880,493 | €2.0m | €1.2m | €1.9m | ▲ 62.7% |
| Other amounts receivable41 | €367,642 | €2.6m | €3.8m | €4.9m | ▲ 29.4% |
| Cash at bank and in hand54/58 | €2.0m | €669,974 | €864,088 | €1.1m | ▲ 24.5% |
| Deferred charges and accrued income490/1 | €1,319 | €131,726 | €607,310 | €603,798 | ▼ 0.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11.8m | €13.3m | €12.9m | €14.9m | ▲ 15.1% |
| Equity10/15 | €2.3m | €2.8m | €3.5m | €4.6m | ▲ 30.9% |
| Contributions10/11 | €85,692 | €85,692 | €85,692 | €85,692 | = |
| Capital10 | €85,692 | €85,692 | €85,692 | €85,692 | = |
| Issued capital100 | €85,692 | €85,692 | €85,692 | €85,692 | = |
| Reserves13 | €9,044 | €9,044 | €9,044 | €9,044 | = |
| Non-distributable reserves130/1 | €8,569 | €8,569 | €8,569 | €8,569 | = |
| Legal reserve130 | €8,569 | €8,569 | €8,569 | €8,569 | = |
| Distributable reserves133 | €475 | €475 | €475 | €475 | = |
| Profit (loss) carried forward14 | €2.2m | €2.7m | €3.4m | €4.5m | ▲ 31.8% |
| Provisions and deferred taxes16 | - | €170,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €170,000 | €0 | - | - |
| Other liabilities and charges164/5 | - | €170,000 | €0 | - | - |
| Amounts payable17/49 | €9.5m | €10.3m | €9.4m | €10.3m | ▲ 9.3% |
| Amounts payable after more than one year17 | €4.1m | €4.8m | €5.4m | €3.0m | ▼ 44.6% |
| Financial debts170/4 | €4.1m | €4.8m | €5.4m | €3.0m | ▼ 44.6% |
| Leasing and similar obligations172 | €714,452 | €415,884 | €2.5m | €3.0m | ▲ 16.9% |
| Other loans174 | €3.4m | €4.4m | €2.8m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €3.8m | €5.5m | €4.1m | €7.3m | ▲ 80.7% |
| Current portion of amounts payable after more than one year42 | - | €154,961 | €613,257 | €786,387 | ▲ 28.2% |
| Financial debts43 | €8 | €0 | €570 | €500,000 | ▲ 87,662% |
| Credit institutions430/8 | €8 | €0 | €570 | €500,000 | ▲ 87,662% |
| Trade debts44 | €3.2m | €4.0m | €2.7m | €5.1m | ▲ 85.1% |
| Suppliers440/4 | €3.2m | €4.0m | €2.7m | €5.1m | ▲ 85.1% |
| Advances received on contracts in progress46 | - | €426,576 | €0 | - | - |
| Taxes, remuneration and social security45 | €665,335 | €998,444 | €703,500 | €974,477 | ▲ 38.5% |
| Taxes450/3 | €647,047 | €936,777 | €601,028 | €793,517 | ▲ 32.0% |
| Remuneration and social security454/9 | €18,288 | €61,666 | €102,472 | €180,960 | ▲ 76.6% |
| Accrued charges and deferred income492/3 | €1.5m | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | €519,462 | €678,182 | €1.1m | ▲ 59.0% |
| + Depreciation and write-downs630 | €1.3m | €1.8m | €3.5m | €1.3m | ▼ 63.3% |
| Operating cash flow (approximation) | €3.2m | €2.3m | €4.2m | €2.4m | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | -€2.4m | -€2.5m | -€289,352 | ▲ 88.5% |
| Change in cash | - | -€1.4m | €194,114 | €211,417 | ▲ 8.9% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 45 days late
2022
31-12
Financial
Weakest financial yearnet €519,462 ▼71.6%
Net result drops to €519,462, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
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Directors · office · real estate
Directors
10 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, Londerzeel · 1 establishment unit since 2020
Ground area
2.7 ha
Building footprint
7,456 m²
Volume, LiDAR
70,695 m³
Parcel 23045D0134/00A000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALUSENSE N.V.
since 20202.300.090.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045D0134/00A000 | Flanders | 2.7 ha | 1 · 7,456 m² | 13.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 470,307 EUR awarded · 246,157 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 299 EUR | 113,299 EUR |
| 2024 | 1 | 450,150 EUR | 113,000 EUR |
| 2023 | 3 | 14,858 EUR | 14,858 EUR |
| 2022 | 1 | 5,000 EUR | 5,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLonderzeel2.300.090.823
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Of 18 companies in sector 25920 we hold annual accounts for 11. 9 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
25920Manufacture of fabricated metal products, except machinery and equipment
25402Manufacture of fabricated metal products, except machinery and equipment
46649Wholesale of other machinery and equipment
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743805304
Registered
17-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.