ASI ALPACO
ActiveASI ALPACO has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.78M) and a net result of €1.63M. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 12.1 in 2024; short-term debt: 167.1% and cash: 60.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7757 sector peers (2025).
NBB · sector comparisonPosition among 7757 sector peers
Solvency
better than 5%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
24 d early
2023
23 d early
2022
1 d late
2021
5 d early
2020
26 d early
2019
22 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-3.78M▲ 26.7%
2024 · €-5.16M
2018: €-1.05M
2019: €-1.79M
2020: €-2.40M
2021: €-3.01M
2022: €-3.74M
2023: €-4.23M
2024: €-5.16M
2018 → 2025
Total assets
€41k▼ 98.1%
2024 · €2.10M
2018: €3.64M
2019: €3.12M
2020: €3.11M
2021: €3.01M
2022: €4.11M
2023: €3.30M
2024: €2.10M
2018 → 2025
Net result
€1.63M
2024 · €-929k
2018: €-322k
2019: €-739k
2020: €-605k
2021: €-613k
2022: €-727k
2023: €-495k
2024: €-929k
2018 → 2025
Working capital
€-33k
2024 · €1.26M
2018: €1.72M
2019: €1.32M
2020: €1.35M
2021: €1.07M
2022: €1.92M
2023: €2.10M
2024: €1.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3.01M-€-3.74M▼ 24.2%€-4.23M▼ 13.3%€-5.16M▼ 21.9%€-3.78M▲ 26.7%
Operating result€-604k-€-720k▼ 19.3%€-472k▲ 34.5%€-937k▼ 98.5%€1.79M
Net result€-613k-€-727k▼ 18.6%€-495k▲ 31.9%€-929k▼ 87.6%€1.63M
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.79M after a loss of €937k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€6k▼ 99.2%
Current assets
€35k▼ 97.4%
Key figures and ratios
Current ratio
0.51▼
2024 · 12.10
Quick ratio
0.51▼
2024 · 11.29
Debt / equity
-1.01▲
2024 · -1.41
Debt
€3.82M▼
2024 · €7.27M
Debt ≤ 1 year
€69k▼
2024 · €113k
Debt > 1 year
€3.76M▼
2024 · €7.15M
Income taxes
€54k▲
2024 · €169
Staff costs
€3k▼
2024 · €1.02M
A ratio outside any meaningful range has been withheld (balance sheet total €41k, equity €-3.78M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.10M€41k▼
Fixed assets21/28€735k€6k▼
Intangible fixed assets21€6k-
Tangible fixed assets22/27€711k-
Land and buildings22€680k-
Plant, machinery and equipment23€29k-
Furniture and vehicles24€1k-
Financial fixed assets28€18k€6k▼
Current assets29/58€1.37M€35k▼
Stocks and contracts in progress3€92k-
Stocks30/36€92k-
Amounts receivable within one year40/41€777k€10k▼
Trade receivables40€757k€9k▼
Other amounts receivable41€20k€1k▼
Cash at bank and in hand54/58€496k€25k▼
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€2.10M€41k▼
Equity10/15€-5.16M€-3.78M▲
Contributions10/11€28k€28k=
Revaluation surpluses12€251k-
Reserves13€423k€423k=
Distributable reserves133€423k€423k=
Profit (loss) carried forward14€-5.86M€-4.23M▲
Amounts payable17/49€7.27M€3.82M▼
Amounts payable after more than one year17€7.15M€3.76M▼
Financial debts170/4€7.15M€3.76M▼
Amounts payable within one year42/48€113k€69k▼
Trade debts44€113k€14k▼
Suppliers440/4€113k€14k▼
Taxes, remuneration and social security45-€54k
Taxes450/3-€54k
Income statement
Code20242025
Non-recurring operating income76A€23k€2.09M▲
Remuneration, social security and pensions62€1.02M€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€262k€19k▼
Other operating charges640/8€17k€11k▼
Non-recurring operating charges66A€40k€34k▼
Gross operating margin9900€519k€1.86M▲
Operating profit (loss)9901€-937k€1.79M▲
Financial income75/76B€12k€6▼
Recurring financial income75€12k€6▼
Financial charges65/66B€4k€110k▲
Recurring financial charges65€4k€2k▼
Non-recurring financial charges66B-€108k
Profit (loss) for the period before taxes9903€-929k€1.68M▲
Income taxes67/77€169€54k▲
Profit (loss) for the period9904€-929k€1.63M▲
Profit (loss) for the period to be appropriated9905€-929k€1.63M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.86M€-4.23M▲
Profit (loss) brought forward from the previous period14P€-4.93M€-5.86M▼
Social balance
Average headcount (FTE)908712.3-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €1.63M
Net result €1.63M after 7 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-929k
Net result drops to €-929k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 13.07
Current ratio from 2.71 to 13.07; short-term debt falls from €1.12M to €174k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-11-2021
Alain Bastiaens: Resigned as Director
17-11-2021
DELEU Ronald: Resigned as Director
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 1979
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brechtsebaan 302900 SchotenGround area
2,216 m²
Building footprint
789 m²
Parcel 11040D0212/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
ASI ALPACO
since 19792.015.836.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0212/00W000 | Flanders | 2,216 m² | 1 · 789 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Similar companies · same sector and region
AAA - POLIS J.
BE 0432.657.315
Schoten
Algemene Schrijnwerkerij Marc Jacobs
BE 1000.558.661
Schoten
ALUVER
BE 0415.375.675
Schoten
BEVO
BE 0428.354.869
Schoten
Covi Solutions
BE 0658.818.951
Schoten
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 20,026 companies in sector 43320 we hold annual accounts for 9,136.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-1979
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43331Floor and wall tiling
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.