BF3 ALPHA
ActiveSummary
BF3 ALPHA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.8m) and a net result of -€742,650. Its solvency ranks better than 9% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+5
Solvency16▼-4
Growth58
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.21; short-term debt: 82.4% and cash: 0.7% of total assets), and equity is negative.
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Signals
Seven 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 →
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 2025Solvency, return and age of the figures
Solvency
-8.5%
Return on assets
-3.5%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€742,650▲ 34.6%
2024 · -€1.1m
Working capital
€3.7m▼ 81.8%
2024 · €20.5m
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
Line20242025
Operating result-€61,116--€5,895▲ 90.4%
Net result-€1.1m--€742,650▲ 34.6%
Equity-€1.1m--€1.8m▼ 69.7%
Total assets€20.7m-€21.2m▲ 2.4%
Debt€21.8m-€23.0m▲ 5.7%
Working capital€20.5m-€3.7m▼ 81.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,895 in 2025 against €61,116 in 2024; the loss shrinks.
Key figures and ratios
Solvency
-8.5%▼
2024 · -5.1%
Current ratio
1.21
Quick ratio
0.55▼
2024 · 45.94
Debt to equity
-12.73▲
2024 · -20.44
ROA
-3.5%▲
2024 · -5.5%
Debt ≤ 1 year
€17.5m▲
2024 · €198,231
Debt > 1 year
€5.5m▼
2024 · €21.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €236,909 | €164,274 | ▼ 30.7% |
| Gross operating margin9900 | €175,793 | €158,379 | ▼ 9.9% |
| Operating profit (loss)9901 | -€61,116 | -€5,895 | ▲ 90.4% |
| Financial charges65/66B | €1.1m | €736,755 | ▼ 31.4% |
| Recurring financial charges65 | €1.1m | €736,755 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | -€1.1m | -€742,650 | ▲ 34.6% |
| Profit (loss) for the period9904 | -€1.1m | -€742,650 | ▲ 34.6% |
| Profit (loss) for the period to be appropriated9905 | -€1.1m | -€742,650 | ▲ 34.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20.7m | €21.2m | ▲ 2.4% |
| Current assets29/58 | €20.7m | €21.2m | ▲ 2.4% |
| Amounts receivable after more than one year29 | €8.3m | €0 | ▼ 100% |
| Other amounts receivable291 | €8.3m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €11.6m | €11.6m | = |
| Stocks30/36 | €11.6m | €11.6m | = |
| Amounts receivable within one year40/41 | €616,249 | €9.4m | ▲ 1,429% |
| Other amounts receivable41 | €616,249 | €9.4m | ▲ 1,429% |
| Cash at bank and in hand54/58 | €159,711 | €144,957 | ▼ 9.2% |
| Deferred charges and accrued income490/1 | €2,491 | €31,029 | ▲ 1,146% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20.7m | €21.2m | ▲ 2.4% |
| Equity10/15 | -€1.1m | -€1.8m | ▼ 69.7% |
| Contributions10/11 | €69,000 | €69,000 | = |
| Capital10 | €69,000 | €69,000 | = |
| Issued capital100 | €69,000 | €69,000 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.9m | ▼ 65.4% |
| Amounts payable17/49 | €21.8m | €23.0m | ▲ 5.7% |
| Amounts payable after more than one year17 | €21.6m | €5.5m | ▼ 74.6% |
| Financial debts170/4 | €21.6m | €5.5m | ▼ 74.6% |
| Amounts payable within one year42/48 | €198,231 | €17.5m | ▲ 8,723% |
| Financial debts43 | - | €17.3m | - |
| Credit institutions430/8 | - | €17.3m | - |
| Trade debts44 | €198,231 | €165,562 | ▼ 16.5% |
| Suppliers440/4 | €198,231 | €165,562 | ▼ 16.5% |
| Accrued charges and deferred income492/3 | €31,808 | €61,890 | ▲ 94.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | -€742,650 | ▲ 34.6% |
| Operating cash flow (approximation) | -€1.1m | -€742,650 | ▲ 34.6% |
| Change in cash | - | -€14,754 | - |
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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2022
Ground area
1,103 m²
Parcel 21616G0176/00X003, Brussels. Linked by address, not a title deed.
34
companies at this address
See who is registered here
1 establishment unit
BF3 ALPHA
since 20222.330.158.942
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 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.
Similar companies · same sector and region
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BE 0544.748.832
Ukkel
ALMOFA
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Ukkel
ARCATIM
BE 0430.741.366
Ukkel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2022
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.