Alwayskoen
ActiveSummary
Alwayskoen has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340k and a net result of €150k. Equity is growing by ~61.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.09 against 3.17 in 2024; short-term debt: 23.9% and cash: 19.4% of total assets), and 24.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
75.4%
Return on assets
33.3%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
35 d early
2024
23 d early
2023
20 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€340k▲ 79.1%
2024 · €190k
2023: €106klowest in 3 years
2024: €190k▲ +78.5% vs 2023
2025: €340k▲ +79.1% vs 2024highest in 3 years
2023 → 2025
Total assets
€451k▲ 67.2%
2024 · €270k
2023: €163klowest in 3 years
2024: €270k▲ +65.5% vs 2023
2025: €451k▲ +67.2% vs 2024highest in 3 years
2023 → 2025
Net result
€150k▲ 79.8%
2024 · €84k
2023: €96k
2024: €84k▼ -13.4% vs 2023lowest in 3 years
2025: €150k▲ +79.8% vs 2024highest in 3 years
2023 → 2025
Working capital
€225k▲ 40.7%
2024 · €160k
2023: €94klowest in 3 years
2024: €160k▲ +70.5% vs 2023
2025: €225k▲ +40.7% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€106k-€190k▲ 78.5%€340k▲ 79.1%
2023: €106klowest in 3 years
2024: €190k▲ +78.5% vs 2023
2025: €340k▲ +79.1% vs 2024highest in 3 years
Operating result€138k-€126k▼ 8.7%€224k▲ 77.4%
2023: €138k
2024: €126k▼ -8.7% vs 2023lowest in 3 years
2025: €224k▲ +77.4% vs 2024highest in 3 years
Net result€96k-€84k▼ 13.4%€150k▲ 79.8%
2023: €96k
2024: €84k▼ -13.4% vs 2023lowest in 3 years
2025: €150k▲ +79.8% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451k
Fixed assets
€118k ▲ 230%
Current assets
€333k ▲ 42.4%
Equity and liabilities €451k
Equity
€340k ▲ 79.1%
Debt
€111k ▲ 39.0%
Debt's share of the balance-sheet total falls from 29.5% to 24.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€246k▲
2024 · €129k
Cash flow
€172k▲
2024 · €87k
Current ratio
3.09▼
2024 · 3.17
Debt to equity
0.33▼
2024 · 0.42
ROE
44.2%▲
2024 · 44.0%
ROA
33.3%▲
2024 · 31.0%
Interest coverage
39.58▲
2024 · 35.75
Debt ≤ 1 year
€108k▲
2024 · €74k
Debt > 1 year
€3k▼
2024 · €6k
Income taxes
€71k▲
2024 · €40k
Staff costs
€12k▲
2024 · €5k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€270k€451k▲
Fixed assets21/28€36k€118k▲
Tangible fixed assets22/27€36k€118k▲
Plant, machinery and equipment23€10k€86k▲
Furniture and vehicles24€26k€32k▲
Current assets29/58€234k€333k▲
Amounts receivable within one year40/41€145k€246k▲
Trade receivables40€138k€188k▲
Other amounts receivable41€7k€58k▲
Cash at bank and in hand54/58€89k€87k▼
Equity and liabilities
Total equity and liabilities10/49€270k€451k▲
Equity10/15€190k€340k▲
Contributions10/11€10k€10k=
Reserves13€180k€330k▲
Distributable reserves133€180k€330k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€80k€111k▲
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€74k€108k▲
Current portion of amounts payable after more than one year42€3k€3k=
Financial debts43€14k€12k▼
Credit institutions430/8€14k€12k▼
Trade debts44€30k€60k▲
Suppliers440/4€30k€60k▲
Taxes, remuneration and social security45€16k€32k▲
Taxes450/3€16k€32k▲
Other amounts payable47/48€11k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€5k€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€379k€130k▼
Other operating charges640/8€474€1k▲
Gross operating margin9900€513k€388k▼
Operating profit (loss)9901€126k€224k▲
Financial income75/76B€547€3k▲
Recurring financial income75€547€3k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€123k€221k▲
Income taxes67/77€40k€71k▲
Profit (loss) for the period9904€84k€150k▲
Profit (loss) for the period to be appropriated9905€84k€150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€150k▲
Profit (loss) brought forward from the previous period14P€36k€0▼
Transfer to equity691/2€120k€150k▲
To other reserves6921€120k€150k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €5k | €12k | ▲ 142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €860 | €3k | €21k | ▲ 588% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €379k | €130k | ▼ 65.7% |
| Other operating charges640/8 | €675 | €474 | €1k | ▲ 205% |
| Gross operating margin9900 | €141k | €513k | €388k | ▼ 24.4% |
| Operating profit (loss)9901 | €138k | €126k | €224k | ▲ 77.4% |
| Financial income75/76B | €242 | €547 | €3k | ▲ 533% |
| Recurring financial income75 | €242 | €547 | €3k | ▲ 533% |
| Financial charges65/66B | €990 | €4k | €6k | ▲ 71.3% |
| Recurring financial charges65 | €990 | €4k | €6k | ▲ 71.3% |
| Profit (loss) for the period before taxes9903 | €138k | €123k | €221k | ▲ 79.6% |
| Income taxes67/77 | €41k | €40k | €71k | ▲ 79.1% |
| Profit (loss) for the period9904 | €96k | €84k | €150k | ▲ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €96k | €84k | €150k | ▲ 79.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €163k | €270k | €451k | ▲ 67.2% |
| Fixed assets21/28 | €12k | €36k | €118k | ▲ 230% |
| Tangible fixed assets22/27 | €12k | €36k | €118k | ▲ 230% |
| Plant, machinery and equipment23 | €12k | €10k | €86k | ▲ 772% |
| Furniture and vehicles24 | - | €26k | €32k | ▲ 24.2% |
| Current assets29/58 | €150k | €234k | €333k | ▲ 42.4% |
| Amounts receivable within one year40/41 | €116k | €145k | €246k | ▲ 69.6% |
| Trade receivables40 | €103k | €138k | €188k | ▲ 35.6% |
| Other amounts receivable41 | €13k | €7k | €58k | ▲ 789% |
| Cash at bank and in hand54/58 | €35k | €89k | €87k | ▼ 1.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €163k | €270k | €451k | ▲ 67.2% |
| Equity10/15 | €106k | €190k | €340k | ▲ 79.1% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Reserves13 | €60k | €180k | €330k | ▲ 83.5% |
| Distributable reserves133 | €60k | €180k | €330k | ▲ 83.5% |
| Profit (loss) carried forward14 | €36k | €0 | - | - |
| Amounts payable17/49 | €57k | €80k | €111k | ▲ 39.0% |
| Amounts payable after more than one year17 | - | €6k | €3k | ▼ 50.4% |
| Financial debts170/4 | - | €6k | €3k | ▼ 50.4% |
| Amounts payable within one year42/48 | €57k | €74k | €108k | ▲ 46.2% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | = |
| Financial debts43 | €6k | €14k | €12k | ▼ 8.8% |
| Credit institutions430/8 | €6k | €14k | €12k | ▼ 8.8% |
| Trade debts44 | €34k | €30k | €60k | ▲ 97.9% |
| Suppliers440/4 | €34k | €30k | €60k | ▲ 97.9% |
| Taxes, remuneration and social security45 | €16k | €16k | €32k | ▲ 99.8% |
| Taxes450/3 | €16k | €16k | €32k | ▲ 99.8% |
| Other amounts payable47/48 | - | €11k | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €84k | €150k | ▲ 79.8% |
| + Depreciation and write-downs630 | €860 | €3k | €21k | ▲ 588% |
| Operating cash flow (approximation) | €97k | €87k | €172k | ▲ 98.0% |
| Investment in fixed assets (approximation) | - | €-26k | €-103k | ▼ 293% |
| Change in cash | - | €54k | €-2k | ▼ 103% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €150k ▲79.8%
Operating result €224k, net result €150k, both a record.
31-12
Financial
Equity above €200kEq €340k ▲79.1%
3 profitable years in a row build equity to €340k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €84k ▼13.4%
Net result drops to €84k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €190k ▲78.5%
2 profitable years in a row build equity to €190k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Kasterlee · 1 establishment unit since 2022
Ground area
1,186 m²
Parcel 13017F0262/00R000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Alwayskoen
since 20222.342.399.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017F0262/00R000 | Flanders | 1,186 m² | - | - |
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
2023 to 2024 · 2 entries · 7,590 EUR awarded · 7,590 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 450 EUR | 450 EUR |
| 2023 | 1 | 7,140 EUR | 7,140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
CHAZA IMMO
BE 0444.878.721
Izegem · Eq €340,084
WONDELGEM Vastgoed
BE 0845.969.761
Gent · Eq €340,123
SOPEDI
BE 0440.464.825
Mont-Saint-Guibert · Eq €340,155
REAL ESTATE PIRATES
BE 0412.870.305
Bilzen-Hoeselt · Eq €339,612
NDK 28
BE 0555.710.723
Gent · Eq €340,560
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,076 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
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.