ALPI CONSTRUCT
ActiveALPI CONSTRUCT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491k and a net result of €37k. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+20
Solvency96▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.02 in 2024; short-term debt: 16.8% and cash: 1.7% of total assets), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
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
71.4%
Return on assets
5.4%
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 €491k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
65 d early
2023
68 d early
2022
48 d early
2021
87 d early
2020
89 d early
2019
72 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k▲ 48.2%
2024 · €25k
2018: €3k
2019: €845
2020: €5k
2021: €4k
2022: €2k
2023: €9k
2024: €25k
2018 → 2025
Working capital
€-104k▼ 45.0%
2024 · €-72k
2018: €-19k
2019: €-15k
2020: €-15k
2021: €2k
2022: €-7k
2023: €-49k
2024: €-72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€419k-€420k▲ 0.4%€429k▲ 2.0%€454k▲ 5.9%€491k▲ 8.2%
Operating result€20k-€14k▼ 29.5%€25k▲ 79.9%€52k▲ 104%€65k▲ 26.0%
Net result€4k-€2k▼ 60.0%€9k▲ 392%€25k▲ 194%€37k▲ 48.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€676k▼ 0.6%
Current assets
€11k▲ 670%
Equity and liabilities €688k
Equity
€491k▲ 8.2%
Debt
€197k▼ 13.6%
The debt ratio falls from 33.4% to 28.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €57k
Cash flow
€41k▲
2024 · €31k
Solvency
71.4%▲
2024 · 66.6%
Current ratio
0.10▲
2024 · 0.02
Quick ratio
0.10▲
2024 · 0.02
Debt / equity
0.40▼
2024 · 0.50
ROE
7.6%▲
2024 · 5.5%
ROA
5.4%▲
2024 · 3.7%
Interest coverage
7.69▲
2024 · 3.86
Debt
€197k▼
2024 · €228k
Debt ≤ 1 year
€115k▲
2024 · €73k
Debt > 1 year
€81k▼
2024 · €155k
Income taxes
€19k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€682k€688k▲
Fixed assets21/28€680k€676k▼
Tangible fixed assets22/27€160k€156k▼
Land and buildings22€160k€156k▼
Financial fixed assets28€520k€520k=
Current assets29/58€1k€11k▲
Cash at bank and in hand54/58€1k€11k▲
Equity and liabilities
Total equity and liabilities10/49€682k€688k▲
Equity10/15€454k€491k▲
Contributions10/11€247k€247k=
Capital10€247k€247k=
Issued capital100€247k€247k=
Reserves13€207k€244k▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€183k€220k▲
Amounts payable17/49€228k€197k▼
Amounts payable after more than one year17€155k€81k▼
Financial debts170/4€5k€81k▲
Other amounts payable178/9€150k-
Amounts payable within one year42/48€73k€115k▲
Current portion of amounts payable after more than one year42€9k€24k▲
Financial debts43€53k€61k▲
Other loans439€53k€61k▲
Trade debts44-€13k
Suppliers440/4-€13k
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€12k€18k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€62k€74k▲
Operating profit (loss)9901€52k€65k▲
Financial charges65/66B€15k€9k▼
Recurring financial charges65€15k€9k▼
Profit (loss) for the period before taxes9903€37k€56k▲
Income taxes67/77€12k€19k▲
Profit (loss) for the period9904€25k€37k▲
Profit (loss) for the period to be appropriated9905€25k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€37k▲
Transfer to equity691/2€25k€37k▲
To other reserves6921€25k€37k▲
The notes to these accounts (6 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €37k ▲48.2%
Operating result €65k, net result €37k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 9current ratio 1.15
Current ratio from 0.13 to 1.15; short-term debt falls from €17k to €16k.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €845 ▼69.6%
Net result drops to €845, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
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
7 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, Anderlecht · 1 establishment unit since 1991
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.
Ninoofse Steenweg 5751070 AnderlechtGround area
156 m²
Building footprint
290 m²
Volume, LiDAR
3,168 m³
Parcel 21302A0015/00F007, Brussels · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Ninoofse Steenweg 575, 1070 Anderlecht
since 19912.051.459.829
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0015/00F007 | Brussels | 156 m² | 1 · 290 m² | 18.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-01-1991
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.