ALPHA BUSINESS CONSTRUCT SPRL
ActiveSummary
ALPHA BUSINESS CONSTRUCT SPRL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €769. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency40▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 10.91 against 6.83 in 2023; short-term debt: 9% and cash: 0.1% of total assets), but 84.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
124 d late
2022
150 d late
2021
153 d late
2020
26 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€49k▲ 1.6%
2023 · €48k
2018: €20klowest in 7 years
2019: €26k▲ +30.2% vs 2018
2020: €26k▲ +0.7% vs 2019
2021: €43k▲ +67.2% vs 2020
2022: €46k▲ +6.7% vs 2021
2023: €48k▲ +5.0% vs 2022
2024: €49k▲ +1.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€326k▼ 6.1%
2023 · €347k
2018: €60k
2019: €55k▼ -7.8% vs 2018lowest in 7 years
2020: €99k▲ +79.2% vs 2019
2021: €322k▲ +224% vs 2020
2022: €347k▲ +8.0% vs 2021highest in 7 years
2023: €347k▼ -0.1% vs 2022
2024: €326k▼ -6.1% vs 2023
2018 → 2024
Net result
€769▼ 66.4%
2023 · €2k
2018: €11k
2019: €6k▼ -47.5% vs 2018
2020: €183▼ -96.9% vs 2019lowest in 7 years
2021: €20k▲ +10734% vs 2020highest in 7 years
2022: €3k▼ -85.3% vs 2021
2023: €2k▼ -21.3% vs 2022
2024: €769▼ -66.4% vs 2023
2018 → 2024
Working capital
€292k▲ 4.5%
2023 · €280k
2018: €46k
2019: €35k▼ -23.5% vs 2018lowest in 7 years
2020: €67k▲ +88.0% vs 2019
2021: €282k▲ +324% vs 2020
2022: €278k▼ -1.2% vs 2021
2023: €280k▲ +0.5% vs 2022
2024: €292k▲ +4.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€43k▲ 67.2%€46k▲ 6.7%€48k▲ 5.0%€49k▲ 1.6%
2020: €26klowest in 5 years
2021: €43k▲ +67.2% vs 2020
2022: €46k▲ +6.7% vs 2021
2023: €48k▲ +5.0% vs 2022
2024: €49k▲ +1.6% vs 2023highest in 5 years
Operating result€1k-€26k▲ 2,363%€5k▼ 79.1%€4k▼ 19.7%€3k▼ 32.2%
2020: €1klowest in 5 years
2021: €26k▲ +2363% vs 2020highest in 5 years
2022: €5k▼ -79.1% vs 2021
2023: €4k▼ -19.7% vs 2022
2024: €3k▼ -32.2% vs 2023
Net result€183-€20k▲ 10,734%€3k▼ 85.3%€2k▼ 21.3%€769▼ 66.4%
2020: €183lowest in 5 years
2021: €20k▲ +10734% vs 2020highest in 5 years
2022: €3k▼ -85.3% vs 2021
2023: €2k▼ -21.3% vs 2022
2024: €769▼ -66.4% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €326k
Fixed assets
€4k ▼ 78.6%
Current assets
€322k ▼ 1.8%
Equity and liabilities €326k
Equity
€49k ▲ 1.6%
Debt
€277k ▼ 7.3%
Debt's share of the balance-sheet total falls from 86.1% to 84.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▼
2023 · €20k
Cash flow
€16k▼
2023 · €18k
Current ratio
10.91▲
2023 · 6.83
Debt to equity
5.64▼
2023 · 6.18
ROE
1.6%▼
2023 · 4.7%
ROA
0.2%▼
2023 · 0.7%
Interest coverage
9.44▼
2023 · 14.87
Debt ≤ 1 year
€29k▼
2023 · €48k
Income taxes
€274▼
2023 · €776
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€347k€326k▼
Fixed assets21/28€19k€4k▼
Tangible fixed assets22/27€19k€4k▼
Plant, machinery and equipment23€274€208▼
Furniture and vehicles24€19k€4k▼
Current assets29/58€328k€322k▼
Amounts receivable within one year40/41€326k€321k▼
Trade receivables40€63k€149k▲
Other amounts receivable41€263k€172k▼
Cash at bank and in hand54/58€735€222▼
Deferred charges and accrued income490/1€799€770▼
Equity and liabilities
Total equity and liabilities10/49€347k€326k▼
Equity10/15€48k€49k▲
Contributions10/11€6k€6k=
Reserves13€42k€43k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€41k€42k▲
Amounts payable17/49€299k€277k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€48k€29k▼
Current portion of amounts payable after more than one year42€10k€3k▼
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€28k€23k▼
Taxes450/3€28k€23k▼
Accrued charges and deferred income492/3€248k€248k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€576€2k▲
Gross operating margin9900€20k€20k▼
Operating profit (loss)9901€4k€3k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€3k€1k▼
Income taxes67/77€776€274▼
Profit (loss) for the period9904€2k€769▼
Profit (loss) for the period to be appropriated9905€2k€769▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€769▼
Transfer to equity691/2€2k€769▼
To other reserves6921€2k€769▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €3k | €12k | €15k | €15k | ▲ 0.1% |
| Other operating charges640/8 | - | €248 | €480 | €576 | €2k | ▲ 234% |
| Gross operating margin9900 | €8k | €30k | €18k | €20k | €20k | ▼ 0.3% |
| Operating profit (loss)9901 | €1k | €26k | €5k | €4k | €3k | ▼ 32.2% |
| Financial income75/76B | - | €34 | €23 | - | - | - |
| Recurring financial income75 | €0 | €34 | €23 | - | - | - |
| Financial charges65/66B | - | €588 | €2k | €1k | €2k | ▲ 46.2% |
| Recurring financial charges65 | €876 | €588 | €2k | €1k | €2k | ▲ 46.2% |
| Profit (loss) for the period before taxes9903 | €183 | €26k | €4k | €3k | €1k | ▼ 66.0% |
| Income taxes67/77 | - | €6k | €815 | €776 | €274 | ▼ 64.7% |
| Profit (loss) for the period9904 | €183 | €20k | €3k | €2k | €769 | ▼ 66.4% |
| Profit (loss) for the period to be appropriated9905 | €183 | €20k | €3k | €2k | €769 | ▼ 66.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €322k | €347k | €347k | €326k | ▼ 6.1% |
| Fixed assets21/28 | €14k | €11k | €28k | €19k | €4k | ▼ 78.6% |
| Tangible fixed assets22/27 | €14k | €11k | €28k | €19k | €4k | ▼ 78.6% |
| Plant, machinery and equipment23 | - | - | - | €274 | €208 | ▼ 24.3% |
| Furniture and vehicles24 | - | €11k | €28k | €19k | €4k | ▼ 79.3% |
| Current assets29/58 | €85k | €311k | €319k | €328k | €322k | ▼ 1.8% |
| Amounts receivable within one year40/41 | €83k | €310k | €318k | €326k | €321k | ▼ 1.6% |
| Trade receivables40 | - | €79k | €49k | €63k | €149k | ▲ 137% |
| Other amounts receivable41 | - | €232k | €269k | €263k | €172k | ▼ 34.7% |
| Cash at bank and in hand54/58 | €1k | €331 | €44 | €735 | €222 | ▼ 69.8% |
| Deferred charges and accrued income490/1 | - | €392 | €739 | €799 | €770 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €322k | €347k | €347k | €326k | ▼ 6.1% |
| Equity10/15 | €26k | €43k | €46k | €48k | €49k | ▲ 1.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €20k | €37k | €40k | €42k | €43k | ▲ 1.8% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €36k | €39k | €41k | €42k | ▲ 1.9% |
| Amounts payable17/49 | €73k | €279k | €301k | €299k | €277k | ▼ 7.3% |
| Amounts payable after more than one year17 | €7k | €2k | €13k | €3k | - | - |
| Financial debts170/4 | - | €2k | €13k | €3k | - | - |
| Amounts payable within one year42/48 | €19k | €29k | €41k | €48k | €29k | ▼ 38.5% |
| Current portion of amounts payable after more than one year42 | - | €5k | €11k | €10k | €3k | ▼ 66.0% |
| Trade debts44 | €11k | €12k | €14k | €10k | €3k | ▼ 70.3% |
| Suppliers440/4 | - | €12k | €3k | €10k | €3k | ▼ 70.3% |
| Bills of exchange payable441 | - | - | €12k | - | - | - |
| Taxes, remuneration and social security45 | - | €10k | €15k | €28k | €23k | ▼ 17.3% |
| Taxes450/3 | - | €10k | €15k | €28k | €23k | ▼ 17.3% |
| Other amounts payable47/48 | - | €3k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €248k | €248k | €248k | €248k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €183 | €20k | €3k | €2k | €769 | ▼ 66.4% |
| + Depreciation and write-downs630 | €6k | €3k | €12k | €15k | €15k | ▲ 0.1% |
| Operating cash flow (approximation) | €7k | €23k | €15k | €18k | €16k | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | €0 | €-30k | €-6k | €0 | ▲ 100% |
| Change in cash | - | €-1k | €-287 | €691 | €-513 | ▼ 174% |
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
2026
19-08
State Gazette act
Resignations: Emmanuel Michaël GODEAU (director) and Louis GODEAU (director)Appointment: Emmanuel GODEAU (director) · Share transfer5 facts ▸
State Gazette act
Resignations: Emmanuel Michaël GODEAU (director) and Louis GODEAU (director)
Appointment: Emmanuel GODEAU (director) · Share transfer5 facts ▸
- General meeting, 30/06/2026
- Share transfer
- Director resignation, Emmanuel Michaël GODEAU (director)
- Director resignation, Louis GODEAU (director)
- Director appointment, Emmanuel GODEAU (director)
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Highest result since 2018net €20k ▲10,734%
Operating result €26k, net result €20k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 10.63
Current ratio from 4.56 to 10.63.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €183 ▼96.9%
Net result drops to €183, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 99 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Emmanuel GODEAU
CurrentDirector · since 30-06-2026
30-06-2026
Emmanuel GODEAU: Appointed as Director
30-06-2026
Emmanuel Michaël GODEAU: Resigned as Director
30-06-2026
Louis GODEAU: Resigned as Director
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braine-le-Comte · 1 establishment unit since 2012
Ground area
290 m²
Building footprint
80 m²
Parcel 55302C0162/00Y011, Wallonia. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Rue Docteur Oblin 6, 7090 Braine-le-Comte
since 20122.206.830.667
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0162/00Y011 | Wallonia | 290 m² | 1 · 80 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.
Structure & network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
via Emmanuel GODEAU · Director
→
via Emmanuel GODEAU · Director
→
via Emmanuel GODEAU · Sole director
→
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 19-08-2026 ↗
- parties not read
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,545 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 (pre-2019)
Founded02-12-2011
Fiscal year end31-12
Abbreviation FR
ABCONSTRUCT
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.