ALUSERVICE
ActiveSummary
ALUSERVICE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €67,862. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-14
Solvency56▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.25 in 2024; short-term debt: 45% and cash: 2% of total assets), and 69.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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
30.5%
Return on assets
2%
Age of the figures
9 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
28 d early
2023
33 d early
2022
45 d early
2021
39 d early
2020
19 d early
2019
32 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 company by equity in Arendonk, Construction sector
Equity
€1.0m▲ 0.3%
2024 · €1.0m
Total assets
€3.4m▼ 4.2%
2024 · €3.5m
Net result
€67,862▼ 74.3%
2024 · €263,697
Working capital
€390,167▲ 4.8%
2024 · €372,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€170,237▲ 16.8%€217,801▲ 27.9%€194,874▼ 10.5%€401,512▲ 106%€180,784▼ 55.0%
Net result€115,256within the sector's middle half▲ 27.0%€154,547above the sector's middle half▲ 34.1%€114,650within the sector's middle half▼ 25.8%€263,697above the sector's middle half▲ 130%€67,862within the sector's middle half▼ 74.3%
Equity€766,017above the sector's middle half▲ 16.7%€912,779above the sector's middle half▲ 19.2%€1.0mabove the sector's middle half▲ 11.8%€1.0mabove the sector's middle half▲ 0.1%€1.0mabove the sector's middle half▲ 0.3%
Total assets€3.2mabove the sector's middle half▲ 25.2%€3.1mabove the sector's middle half▼ 5.0%€3.1mabove the sector's middle half▲ 0.4%€3.5mabove the sector's middle half▲ 14.5%€3.4mabove the sector's middle half▼ 4.2%
Debt€2.4m▲ 28.1%€2.1m▼ 12.6%€2.0m▼ 4.5%€2.5m▲ 21.6%€2.3m▼ 6.1%
Working capital€359,369▲ 32.5%€512,287▲ 42.6%€386,042▼ 24.6%€372,454▼ 3.5%€390,167▲ 4.8%
Solvency23.9%within the sector's middle half▼ 1.7pp29.9%within the sector's middle half▲ 6.1pp33.3%within the sector's middle half▲ 3.4pp29.1%within the sector's middle half▼ 4.2pp30.5%within the sector's middle half▲ 1.4pp
Staff (FTE)15.3above the sector's middle half▼ 1.9%13.6above the sector's middle half▼ 11.1%13.3above the sector's middle half▼ 2.2%13above the sector's middle half▼ 2.3%13above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€1.5m ▼ 12.6%
Current assets
€1.9m ▲ 3.4%
Equity and liabilities €3.4m
Equity
€1.0m ▲ 0.3%
Debt
€2.3m ▼ 6.1%
Debt's share of the balance-sheet total falls from 70.9% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€405,776▼
2024 · €575,684
Cash flow
€292,853▼
2024 · €437,870
Current ratio
1.26▲
2024 · 1.25
Quick ratio
0.56▼
2024 · 0.60
Debt to equity
2.28▼
2024 · 2.43
ROE
6.6%▼
2024 · 25.8%
ROA
2.0%▼
2024 · 7.5%
Interest coverage
5.18▼
2024 · 6.31
Debt ≤ 1 year
€1.5m▲
2024 · €1.5m
Debt > 1 year
€821,143▼
2024 · €1.0m
Income taxes
€35,006▼
2024 · €46,641
Staff costs
€1.2m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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: 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 14,733 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,589 | €16,250 | €2,625 | €0 | - | - |
| Remuneration, social security and pensions62 | €806,870 | €868,219 | €904,225 | €1.0m | €1.2m | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219,217 | €205,684 | €209,837 | €174,173 | €224,992 | ▲ 29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€7,983 | -€7,190 | -€602 | -€797 | -€2,980 | ▼ 274% |
| Other operating charges640/8 | €29,555 | €20,740 | €20,705 | €10,869 | €19,252 | ▲ 77.1% |
| Non-recurring operating charges66A | - | - | - | €19,634 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.2m | €1.3m | €1.3m | €1.6m | €1.6m | ▼ 2.6% |
| Operating profit (loss)9901 | €170,237 | €217,801 | €194,874 | €401,512 | €180,784 | ▼ 55.0% |
| Financial income75/76B | €0 | - | - | - | €444 | - |
| Recurring financial income75 | €0 | - | - | - | €444 | - |
| Financial charges65/66B | €54,058 | €62,406 | €53,208 | €91,174 | €78,360 | ▼ 14.1% |
| Recurring financial charges65 | €54,058 | €62,406 | €53,208 | €91,174 | €78,360 | ▼ 14.1% |
| Profit (loss) for the period before taxes9903 | €116,180 | €155,396 | €141,666 | €310,338 | €102,868 | ▼ 66.9% |
| Income taxes67/77 | €923 | €849 | €27,016 | €46,641 | €35,006 | ▼ 24.9% |
| Profit (loss) for the period9904 | €115,256 | €154,547 | €114,650 | €263,697 | €67,862 | ▼ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €115,256 | €154,547 | €114,650 | €263,697 | €67,862 | ▼ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.1m | €3.1m | €3.5m | €3.4m | ▼ 4.2% |
| Fixed assets21/28 | €1.6m | €1.5m | €1.6m | €1.7m | €1.5m | ▼ 12.6% |
| Intangible fixed assets21 | €45,366 | €18,507 | €14,483 | €18,259 | €7,157 | ▼ 60.8% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.5m | €1.6m | €1.4m | ▼ 13.1% |
| Land and buildings22 | €1.2m | €1.1m | €1.3m | €1.2m | €1.1m | ▼ 8.0% |
| Plant, machinery and equipment23 | €310,748 | €283,132 | €253,007 | €396,975 | €295,558 | ▼ 25.5% |
| Furniture and vehicles24 | €7,929 | €6,073 | €23,639 | €22,128 | €13,806 | ▼ 37.6% |
| Leasing and similar rights25 | €11,946 | €8,912 | €9,502 | €12,899 | €5,835 | ▼ 54.8% |
| Financial fixed assets28 | €43,725 | €51,711 | €46,116 | €45,060 | €55,777 | ▲ 23.8% |
| Current assets29/58 | €1.6m | €1.6m | €1.5m | €1.8m | €1.9m | ▲ 3.4% |
| Stocks and contracts in progress3 | €816,609 | €611,939 | €785,346 | €956,308 | €1.1m | ▲ 10.1% |
| Stocks30/36 | €307,248 | €261,682 | €242,852 | €280,818 | €331,201 | ▲ 17.9% |
| Contracts in progress37 | €509,361 | €350,257 | €542,494 | €675,489 | €721,825 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €697,213 | €858,281 | €628,713 | €803,560 | €756,683 | ▼ 5.8% |
| Trade receivables40 | €690,516 | €856,702 | €617,690 | €783,994 | €727,468 | ▼ 7.2% |
| Other amounts receivable41 | €6,697 | €1,579 | €11,022 | €19,566 | €29,215 | ▲ 49.3% |
| Cash at bank and in hand54/58 | €74,045 | €98,536 | €29,313 | €49,084 | €68,364 | ▲ 39.3% |
| Deferred charges and accrued income490/1 | €26,682 | €24,849 | €10,835 | €31,023 | €23,663 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.1m | €3.1m | €3.5m | €3.4m | ▼ 4.2% |
| Equity10/15 | €766,017 | €912,779 | €1.0m | €1.0m | €1.0m | ▲ 0.3% |
| Contributions10/11 | €818,600 | €818,600 | €818,600 | €818,600 | €818,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Other1319 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€54,443 | €92,319 | €199,886 | €200,724 | €203,295 | ▲ 1.3% |
| Amounts payable17/49 | €2.4m | €2.1m | €2.0m | €2.5m | €2.3m | ▼ 6.1% |
| Amounts payable after more than one year17 | €1.2m | €1.0m | €974,009 | €1.0m | €821,143 | ▼ 19.2% |
| Financial debts170/4 | €1.2m | €1.0m | €974,009 | €1.0m | €821,143 | ▼ 19.2% |
| Amounts payable within one year42/48 | €1.3m | €1.1m | €1.1m | €1.5m | €1.5m | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | €129,261 | €133,212 | €162,084 | €199,451 | €195,462 | ▼ 2.0% |
| Financial debts43 | €125,000 | €125,000 | €125,000 | €0 | - | - |
| Credit institutions430/8 | €125,000 | €125,000 | €125,000 | €0 | - | - |
| Trade debts44 | €441,880 | €290,896 | €330,538 | €427,611 | €349,044 | ▼ 18.4% |
| Suppliers440/4 | €441,880 | €290,896 | €330,538 | €427,611 | €349,044 | ▼ 18.4% |
| Taxes, remuneration and social security45 | €36,719 | €67,180 | €80,489 | €71,667 | €85,006 | ▲ 18.6% |
| Taxes450/3 | €809 | €20,707 | €27,645 | €26,769 | €26,819 | ▲ 0.2% |
| Remuneration and social security454/9 | €35,910 | €46,473 | €52,844 | €44,898 | €58,187 | ▲ 29.6% |
| Other amounts payable47/48 | €522,321 | €465,029 | €370,053 | €768,791 | €882,058 | ▲ 14.7% |
| Accrued charges and deferred income492/3 | €36,620 | €36,620 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115,256 | €154,547 | €114,650 | €263,697 | €67,862 | ▼ 74.3% |
| + Depreciation and write-downs630 | €219,217 | €205,684 | €209,837 | €174,173 | €224,992 | ▲ 29.2% |
| Operating cash flow (approximation) | €334,473 | €360,231 | €324,487 | €437,870 | €292,853 | ▼ 33.1% |
| Investment in fixed assets (approximation) | - | -€66,316 | -€360,917 | -€231,194 | -€14,389 | ▲ 93.8% |
| Change in cash | - | €24,491 | -€69,223 | €19,771 | €19,281 | ▼ 2.5% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €263,697 ▲130%
Operating result €401,512, net result €263,697, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲11.8%
5 profitable years in a row build equity to €1.0m.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €90,881
Net result €90,881 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €570,352 ▲17.8%
Equity rises from €484,056 to €570,352.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Arendonk · 1 establishment unit since 2004
Ground area
7,882 m²
Building footprint
1,754 m²
Volume, LiDAR
9,908 m³
2 parcels, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
33
companies at this address
See who is registered here
1 establishment unit
ALUSERVICE
since 20042.136.625.037
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1203/00E000 | Flanders | 4,994 m² | 1 · 391 m² | 0.0 m |
| 13006F0004/00R004 | Flanders | 2,888 m² | 1 · 1,363 m² | 8.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
B & R
18 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- B & R
- ALUSERVICE
Highest known parent: B & R. The sources do not say who stands above it.
Owners 2
- B & RparentSourceaccounts B & R 202580%
- Sourceaccounts Kavik 202420%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 6,901 EUR awarded · 6,901 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,512 EUR | 1,512 EUR |
| 2023 | 1 | 3,728 EUR | 3,728 EUR |
| 2022 | 1 | 1,661 EUR | 1,661 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
1 categoryALUSERVICE BV32933
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 4,330 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
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864623257
Also
9925:BE0864623257
Registered
16-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.