De Souter Alex
ActiveSummary
De Souter Alex has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €44,674 and a net result of €5,219. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-6
Solvency100▲+7
Growth78=
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.32 against 2.99 in 2024; short-term debt: 22.7% and cash: 2.6% of total assets), and 22.7% 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 · 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 →
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 21-10-2025, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
10 d early
2024
14 d late
2023
4 d early
2022
99 d late
2021
2 d early
2020
26 d late
2019
6 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 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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. Usually files around 29 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€44,674▲ 13.2%
2024 · €39,455
Total assets
€57,809▼ 0.8%
2024 · €58,292
Net result
€5,219▼ 34.7%
2024 · €7,995
Working capital
€43,563▲ 16.5%
2024 · €37,406
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€8,927▲ 110%€24,600▲ 176%€11,963▼ 51.4%€13,165▲ 10.1%€9,101▼ 30.9%
Net result€5,703within the sector's middle half▲ 220%€14,907within the sector's middle half▲ 161%€6,953within the sector's middle half▼ 53.4%€7,995within the sector's middle half▲ 15.0%€5,219within the sector's middle half▼ 34.7%
Equity€9,601below the sector's middle half▲ 146%€24,508within the sector's middle half▲ 155%€31,460within the sector's middle half▲ 28.4%€39,455within the sector's middle half▲ 25.4%€44,674within the sector's middle half▲ 13.2%
Total assets€18,338below the sector's middle half▲ 148%€37,671below the sector's middle half▲ 105%€53,317below the sector's middle half▲ 41.5%€58,292below the sector's middle half▲ 9.3%€57,809below the sector's middle half▼ 0.8%
Debt€8,737▲ 151%€13,163▲ 50.7%€21,857▲ 66.0%€18,836▼ 13.8%€13,135▼ 30.3%
Working capital€8,101within the sector's middle half▲ 327%€19,582within the sector's middle half▲ 142%€27,973within the sector's middle half▲ 42.9%€37,406within the sector's middle half▲ 33.7%€43,563within the sector's middle half▲ 16.5%
Solvency52.4%within the sector's middle half▼ 0.4pp65.1%within the sector's middle half▲ 12.7pp59.0%within the sector's middle half▼ 6.1pp67.7%within the sector's middle half▲ 8.7pp77.3%above the sector's middle half▲ 9.6pp
Current ratio1.93within the sector's middle half▲ 0.382.49within the sector's middle half▲ 0.562.28within the sector's middle half▼ 0.212.99within the sector's middle half▲ 0.714.32above the sector's middle half▲ 1.33
Return on assets (ROA)31.1%above the sector's middle half▲ 7.0pp39.6%above the sector's middle half▲ 8.5pp13.0%within the sector's middle half▼ 26.5pp13.7%within the sector's middle half▲ 0.7pp9.0%within the sector's middle half▼ 4.7pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,809
Fixed assets
€1,111 ▼ 45.8%
Current assets
€56,698 ▲ 0.8%
Equity and liabilities €57,809
Equity
€44,674 ▲ 13.2%
Debt
€13,135 ▼ 30.3%
Debt's share of the balance-sheet total falls from 32.3% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,040▼
2024 · €14,604
Cash flow
€6,157▼
2024 · €9,434
Debt to equity
0.29▼
2024 · 0.48
ROE
11.7%▼
2024 · 20.3%
Interest coverage
119.29▲
2024 · 96.89
Debt ≤ 1 year
€13,135▼
2024 · €18,836
Income taxes
€3,799▼
2024 · €5,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €1,266 | €1,439 | €1,439 | €939 | ▼ 34.8% |
| Other operating charges640/8 | - | €1,926 | €2,239 | €2,124 | €2,121 | ▼ 0.2% |
| Gross operating margin9900 | €11,777 | €27,792 | €15,640 | €16,728 | €12,160 | ▼ 27.3% |
| Operating profit (loss)9901 | €8,927 | €24,600 | €11,963 | €13,165 | €9,101 | ▼ 30.9% |
| Financial income75/76B | - | €0 | €133 | €15 | €0 | ▼ 97.2% |
| Recurring financial income75 | €29 | €0 | €133 | €15 | €0 | ▼ 97.2% |
| Financial charges65/66B | - | €66 | €133 | €151 | €84 | ▼ 44.2% |
| Recurring financial charges65 | €114 | €66 | €133 | €151 | €84 | ▼ 44.2% |
| Profit (loss) for the period before taxes9903 | €8,843 | €24,534 | €11,962 | €13,030 | €9,017 | ▼ 30.8% |
| Income taxes67/77 | €3,139 | €9,627 | €5,010 | €5,035 | €3,799 | ▼ 24.6% |
| Profit (loss) for the period9904 | €5,703 | €14,907 | €6,953 | €7,995 | €5,219 | ▼ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €5,703 | €14,907 | €6,953 | €7,995 | €5,219 | ▼ 34.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,338 | €37,671 | €53,317 | €58,292 | €57,809 | ▼ 0.8% |
| Fixed assets21/28 | €1,500 | €4,926 | €3,488 | €2,049 | €1,111 | ▼ 45.8% |
| Tangible fixed assets22/27 | €1,500 | €4,926 | €3,488 | €2,049 | €1,111 | ▼ 45.8% |
| Plant, machinery and equipment23 | - | €3,926 | €2,988 | €2,049 | €1,111 | ▼ 45.8% |
| Furniture and vehicles24 | - | €1,000 | €500 | - | - | - |
| Current assets29/58 | €16,838 | €32,744 | €49,829 | €56,242 | €56,698 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €16,016 | €29,136 | €46,340 | €51,243 | €55,187 | ▲ 7.7% |
| Trade receivables40 | - | €4,168 | €4,640 | - | €5,608 | - |
| Other amounts receivable41 | - | €24,968 | €41,699 | €51,243 | €49,578 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €821 | €3,608 | €3,490 | €4,999 | €1,511 | ▼ 69.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,338 | €37,671 | €53,317 | €58,292 | €57,809 | ▼ 0.8% |
| Equity10/15 | €9,601 | €24,508 | €31,460 | €39,455 | €44,674 | ▲ 13.2% |
| Contributions10/11 | - | €1,100 | €1,100 | €1,100 | €1,100 | = |
| Reserves13 | - | €14,900 | €21,800 | €29,700 | €34,700 | ▲ 16.8% |
| Distributable reserves133 | - | €14,900 | €21,800 | €29,700 | €34,700 | ▲ 16.8% |
| Profit (loss) carried forward14 | €8,501 | €8,508 | €8,560 | €8,655 | €8,874 | ▲ 2.5% |
| Amounts payable17/49 | €8,737 | €13,163 | €21,857 | €18,836 | €13,135 | ▼ 30.3% |
| Amounts payable within one year42/48 | €8,737 | €13,163 | €21,857 | €18,836 | €13,135 | ▼ 30.3% |
| Trade debts44 | €3,988 | €1,620 | €6,162 | €6,987 | €5,345 | ▼ 23.5% |
| Suppliers440/4 | - | €1,620 | €6,162 | €6,987 | €5,345 | ▼ 23.5% |
| Taxes, remuneration and social security45 | - | €11,543 | €15,695 | €11,849 | €7,790 | ▼ 34.3% |
| Taxes450/3 | - | €11,543 | €15,695 | €11,849 | €7,790 | ▼ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,703 | €14,907 | €6,953 | €7,995 | €5,219 | ▼ 34.7% |
| + Depreciation and write-downs630 | €500 | €1,266 | €1,439 | €1,439 | €939 | ▼ 34.8% |
| Operating cash flow (approximation) | €6,203 | €16,174 | €8,391 | €9,434 | €6,157 | ▼ 34.7% |
| Investment in fixed assets (approximation) | - | -€4,693 | €0 | €0 | €0 | - |
| Change in cash | - | €2,787 | -€119 | €1,510 | -€3,488 | ▼ 331% |
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
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
08-04
KBO administration
UBO non-compliance
event 25-03-2024
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-03
Financial
Highest result since 2019net €14,907 ▲161%
Operating result €24,600, net result €14,907, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
31-03
Financial
Back to profitnet €1,780
Net result €1,780 after one loss-making year.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aalter · 1 establishment unit since 2017
Ground area
4,260 m²
Building footprint
307 m²
Volume, LiDAR
1,171 m³
Parcel 44029B0458/00F000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADS Paint
since 20172.266.766.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44029B0458/00F000 | Flanders | 4,260 m² | 1 · 307 m² | 6.7 m · 1 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.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 2,302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded02-05-2017
Fiscal year end31-03
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675349731
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.