ALEA PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of ALEA PROJECT is 5.1% (elevated). The 2024 annual accounts show equity of €59k and a net result of €20k. Equity is growing by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+28
Solvency100▲+44
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 0.64 in 2023; short-term debt: 18.1% and cash: 14.6% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
92 d late
2022
92 d late
2021
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€59k▲ 50.9%
2023 · €39k
2021: €17k
2022: €35k
2023: €39k
2021 → 2024
Total assets
€72k▼ 43.3%
2023 · €126k
2021: €25k
2022: €83k
2023: €126k
2021 → 2024
Net result
€20k▲ 463%
2023 · €4k
2021: €7k
2022: €18k
2023: €4k
2021 → 2024
Working capital
€7k
2023 · €-31k
2021: €8k
2022: €29k
2023: €-31k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€17k-€35k▲ 105%€39k▲ 9.9%€59k▲ 50.9%
Operating result€9k-€18k▲ 103%€4k▼ 80.4%€32k▲ 786%
Net result€7k-€18k▲ 151%€4k▼ 80.6%€20k▲ 463%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 786% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€51k ▼ 26.9%
Current assets
€20k ▼ 63.8%
Equity and liabilities €72k
Equity
€59k ▲ 50.9%
Debt
€13k ▼ 85.1%
Debt's share of the balance-sheet total falls from 69.2% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2023 · €22k
Cash flow
€39k▲
2023 · €22k
Current ratio
1.56▲
2023 · 0.64
Debt to equity
0.22▼
2023 · 2.25
ROE
33.7%▲
2023 · 9.0%
ROA
27.6%▲
2023 · 2.8%
Interest coverage
334.24▼
2023 · 354.15
Debt ≤ 1 year
€13k▼
2023 · €87k
Income taxes
€12k
Staff costs
€36k▲
2023 · €22k
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 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€126k€72k▼
Fixed assets21/28€70k€51k▼
Tangible fixed assets22/27€70k€51k▼
Furniture and vehicles24€70k€51k▼
Current assets29/58€56k€20k▼
Amounts receivable within one year40/41€39k€10k▼
Trade receivables40€30k-
Other amounts receivable41€9k€10k▲
Cash at bank and in hand54/58€17k€10k▼
Equity and liabilities
Total equity and liabilities10/49€126k€72k▼
Equity10/15€39k€59k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€29k€49k▲
Amounts payable17/49€87k€13k▼
Amounts payable within one year42/48€87k€13k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€571€12k▲
Taxes450/3€571€12k▲
Other amounts payable47/48€80k-
Income statement
Code20232024
Remuneration, social security and pensions62€22k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8€37k€14k▼
Gross operating margin9900€81k€100k▲
Operating profit (loss)9901€4k€32k▲
Financial charges65/66B€63€151▲
Recurring financial charges65€63€151▲
Profit (loss) for the period before taxes9903€4k€31k▲
Income taxes67/77-€12k
Profit (loss) for the period9904€4k€20k▲
Profit (loss) for the period to be appropriated9905€4k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€49k▲
Profit (loss) brought forward from the previous period14P€25k€29k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2021net €20k ▲463%
Operating result €32k, net result €20k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.64 to 1.56; short-term debt falls from €87k to €13k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼80.6%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kraainem · 2 establishment units since 2021
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.
Frans Vander Elststraat 41950 KraainemGround area
816 m²
Building footprint
660 m²
Volume, LiDAR
10,789 m³
2 parcels, Brussels, Flanders · tallest building 24.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
ALEA PROJECT
since 20212.313.250.060
ALEA PROJECT
since 20212.313.250.159
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0177/00G000 | Brussels | 707 m² | 1 · 594 m² | 24.8 m · 6 fl. |
| 22002C0027/00B006 | Flanders | 109 m² | 1 · 66 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.313.250.159
Similar companies · same sector, comparable size
ALMAR IMMO
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The Ones
BE 0421.965.638
Gent · Eq €58,500
LEPELBLAD
BE 0477.948.001
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E&M
BE 0773.702.583
Londerzeel · Eq €58,470
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:aleaproject@yahoo.com