ALPHA
ActiveSummary
ALPHA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.11M and a net result of €263k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+1
Solvency80▲+12
Growth33=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.62 in 2024; short-term debt: 43.6% and cash: 3.1% of total assets), and 44.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.2%
Return on assets
13%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.11M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
15 d early
2023
30 d early
2022
31 d early
2021
4 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.59M▼ 10.5%
2021 · €8.48M
2018: €7.50M
2019: €7.71M
2020: €9.06M
2021: €8.48M
2018 → 2022
EBIT margin
4.4%▼ 4.6pp
2021 · 9.0%
2018: 8.1%
2019: 7.4%
2020: 8.7%
2021: 9.0%
2018 → 2022
Net result
€263k▲ 10.9%
2024 · €237k
2018: €421k
2019: €392k
2020: €594k
2021: €566k
2022: €244k
2023: €147k
2024: €237k
2018 → 2025
Working capital
€891k▲ 33.3%
2024 · €669k
2018: €1.81M
2019: €2.05M
2020: €535k
2021: €1.02M
2022: €200k
2023: €427k
2024: €669k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.48M-€7.59M▼ 10.5%
Equity€1.32M-€466k▼ 64.8%€613k▲ 31.7%€850k▲ 38.7%€1.11M▲ 30.9%
Operating result€767k-€336k▼ 56.2%€187k▼ 44.3%€299k▲ 60.0%€309k▲ 3.1%
Net result€566k-€244k▼ 56.8%€147k▼ 39.7%€237k▲ 60.9%€263k▲ 10.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.02M
Fixed assets
€247k ▲ 18.6%
Current assets
€1.77M ▲ 0.9%
Equity and liabilities €2.02M
Equity
€1.11M ▲ 30.9%
Debt
€904k ▼ 18.7%
Debt's share of the balance-sheet total falls from 56.7% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€361k▼
2024 · €377k
Cash flow
€315k▲
2024 · €315k
Current ratio
2.01▲
2024 · 1.62
Quick ratio
0.12▲
2024 · 0.12
Debt to equity
0.81▼
2024 · 1.31
ROE
23.6%▼
2024 · 27.9%
ROA
13.0%▲
2024 · 12.1%
Interest coverage
15.80▲
2024 · 8.54
Debt ≤ 1 year
€879k▼
2024 · €1.09M
Income taxes
€87k▲
2024 · €83k
Staff costs
€843k▼
2024 · €854k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.96M€2.02M▲
Fixed assets21/28€208k€247k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€206k€245k▲
Plant, machinery and equipment23€25k€32k▲
Furniture and vehicles24€13k€22k▲
Other tangible fixed assets26€168k€191k▲
Financial fixed assets28€2k€2k=
Current assets29/58€1.75M€1.77M▲
Stocks and contracts in progress3€1.62M€1.66M▲
Stocks30/36€1.62M€1.66M▲
Amounts receivable within one year40/41€29k€19k▼
Trade receivables40€29k€19k▼
Cash at bank and in hand54/58€89k€63k▼
Deferred charges and accrued income490/1€13k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.96M€2.02M▲
Equity10/15€850k€1.11M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€714k€977k▲
Amounts payable17/49€1.11M€904k▼
Amounts payable within one year42/48€1.09M€879k▼
Trade debts44€404k€434k▲
Suppliers440/4€404k€434k▲
Advances received on contracts in progress46€22k€37k▲
Taxes, remuneration and social security45€142k€171k▲
Taxes450/3€10k€30k▲
Remuneration and social security454/9€133k€141k▲
Other amounts payable47/48€517k€236k▼
Accrued charges and deferred income492/3€27k€25k▼
Income statement
Code20242025
Remuneration, social security and pensions62€854k€843k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€52k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-4k▼
Other operating charges640/8€37k€28k▼
Gross operating margin9900€1.27M€1.23M▼
Operating profit (loss)9901€299k€309k▲
Financial income75/76B€65k€64k▼
Recurring financial income75€65k€64k▼
Financial charges65/66B€44k€23k▼
Recurring financial charges65€44k€23k▼
Non-recurring financial charges66B-€50
Profit (loss) for the period before taxes9903€320k€350k▲
Income taxes67/77€83k€87k▲
Profit (loss) for the period9904€237k€263k▲
Profit (loss) for the period to be appropriated9905€237k€263k▲
Appropriation of the result
Profit (loss) to be appropriated9906€714k€977k▲
Profit (loss) brought forward from the previous period14P€477k€714k▲
Social balance
Average headcount (FTE)908716.917.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1MEq €1.11M ▲30.9%
8 profitable years in a row build equity to €1.11M.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €147k ▼39.7%
Net result drops to €147k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €613k ▲31.7%
6 profitable years in a row build equity to €613k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
31-12
Financial
Equity above €1MEq €1.32M ▲75%
4 profitable years in a row build equity to €1.32M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €594k ▲51.8%
Operating result €790k, net result €594k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €2MEq €2.16M ▲22.1%
2 profitable years in a row build equity to €2.16M.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Antwerpen · 3 establishment units since 1993
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.
Ekerse Steenweg 62180 AntwerpenGround area
2.9 ha
Building footprint
7,673 m²
Volume, LiDAR
57,437 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
HUBO
since 19932.061.253.859
HUBO
since 20002.061.253.958
HUBO
since 20262.391.471.454
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0271/00Z006 | Flanders | 2.7 ha | 1 · 5,718 m² | 10.8 m · 2 fl. |
| 24001A0251/00G000 | Flanders | 1,959 m² | 1 · 1,955 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 2
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 7,250 EUR awarded · 7,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,500 EUR | 4,250 EUR |
| 2022 | 1 | 3,750 EUR | 3,000 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Recognitions · licences · registrations
Food safety, FASFC
3 sitesAntwerpen2.061.253.859
Aarschot2.061.253.958
Antwerpen2.391.471.454
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
Bridou
BE 0402.486.949
Tournai · Eq €1,112,722
BOCO
BE 0453.374.337
Antwerpen · Eq €1,112,415
BEERNAERT
BE 0405.463.463
Aalst · Eq €1,114,584
HOFFMANN AG
BE 0451.077.714
Sankt Vith · Eq €1,111,695
PROFSHOP PLUS
BE 0460.613.309
Lier · Eq €1,118,587
Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 929 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 formPublic limited company
Founded05-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.