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ECHO ALFA NOVEMBER

Active
Public limited companyfounded 199234 yrs activeOttergemdorp 56, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0446.774.575
Summary

ECHO ALFA NOVEMBER has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€187,722) and a net result of €6,609. Equity is shrinking by ~22.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
ECHO ALFA NOVEMBERActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Air transport
NACE 51100Computer consultancy and computer facilities management NACE 62200
#1 oldest company in East Flanders, Air transport sector1 site
Size
€278total assets 2026
Equity
-€187,722
Profit
€6,609
Turnover not published (abridged schema)Net result -94%: other schema
Financial health
55 Fair Checked score 2026
Bankruptcy chance 12 m
0.3%
Structure
Accounts 96 d early0 of 7 deeds read
Why 55Capped at 59: negative equity- Negative equity -€187,722+ Size: total assets €278+ Founded in 1992+ Figures for FY 2026 (filed 26-06-2026)Show the evidence

Checked score

Score 2026
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 43% of its sector peers (NACE 51, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 0=
equity -67436.0% of total assets
Liquidity 15+9
cash 6.2%
Profitability 100=
return on assets 2374.1%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (201 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%▲ +2.1% vs 05-2025highest value 07-2025: 0.2%▼ -26.4% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%▼ -1.4% vs 02-2026 04-2026: 0.2%▼ -11.3% vs 03-2026lowest value 05-2026: 0.2%▲ +4.3% vs 04-2026 06-2026: 0.2%▲ +7.7% vs 05-2026 07-2026: 0.3%▲ +19.9% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Size: total assets €278 lowers the probability for this profile
  • Negative equity -€187,722 raises the probability
  • Founded in 1992 lowers the probability for this profile
  • Figures for FY 2026 (filed 26-06-2026) lowers the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 51, micro). Better than this share of them on solvency 9%, liquidity 14%, profitability 92%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €278
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€187,722
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1992
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2026 (filed 26-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 26-06-2026, 96 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
96 d early
2025
106 d early
2024
27 d early
2023
24 d early
2022
95 d early
2021
28 d early
2020
92 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 67 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. Usually files around 27 June (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today28-02-2027 close30-09-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Back to profitnet €109,482

Key points

  • Risk: Negative equityfiscal year 2026: debts exceed assets -€187,722 View
  • Caution: Result fell in 2026different schema filed ▼ 94.0% View
  • Positive: Oldest company in East Flanders, Air transport sectorin the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2026
Total assets
€278
Profit
€6,609
Solvency
-67436.0%
Total assets▼ 96.1%
Net result
20192026
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-09-2027
  1. 26-06-2026Annual accounts filed
  2. 16-06-2025Annual accounts filed
  3. 28-02-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Air transportNACE 51100
Founded
01-03-1992
Year ends
28-02
Peppol
Reachable for e-invoices
Go to Company details

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