ALSOCO
ActiveSummary
ALSOCO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €579k and a net result of €-53k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+1
Solvency29=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 3.1 in 2024; short-term debt: 30.7% and cash: 3% of total assets), but 96.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-53k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
42 d early
2023
on the day
2022
40 d early
2021
3 d late
2020
1 d late
2019
18 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€579k▼ 8.4%
2024 · €632k
2019: €-31klowest in 7 years
2020: €1.92M▲ +6248% vs 2019highest in 7 years
2021: €910k▼ -52.7% vs 2020
2022: €705k▼ -22.6% vs 2021
2023: €700k▼ -0.6% vs 2022
2024: €632k▼ -9.7% vs 2023
2025: €579k▼ -8.4% vs 2024
2019 → 2025
Total assets
€15.95M▼ 3.4%
2024 · €16.51M
2019: €3.27M
2020: €2.83M▼ -13.3% vs 2019lowest in 7 years
2021: €6.50M▲ +129% vs 2020
2022: €6.43M▼ -1.1% vs 2021
2023: €8.29M▲ +28.9% vs 2022
2024: €16.51M▲ +99.2% vs 2023highest in 7 years
2025: €15.95M▼ -3.4% vs 2024
2019 → 2025
Net result
€-53k▲ 22.2%
2024 · €-68k
2019: €-46k
2020: €2.22M▲ +4900% vs 2019highest in 7 years
2021: €-32k▼ -101% vs 2020
2022: €-206k▼ -542% vs 2021lowest in 7 years
2023: €-4k▲ +97.9% vs 2022
2024: €-68k▼ -1442% vs 2023
2025: €-53k▲ +22.2% vs 2024
2019 → 2025
Working capital
€6.00M▼ 21.6%
2024 · €7.64M
2019: €-3.10Mlowest in 7 years
2020: €2.68M▲ +186% vs 2019
2021: €-2.35M▼ -187% vs 2020
2022: €-2.61M▼ -11.4% vs 2021
2023: €-665k▲ +74.5% vs 2022
2024: €7.64M▲ +1249% vs 2023highest in 7 years
2025: €6.00M▼ -21.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€910k-€705k▼ 22.6%€700k▼ 0.6%€632k▼ 9.7%€579k▼ 8.4%
2021: €910khighest in 5 years
2022: €705k▼ -22.6% vs 2021
2023: €700k▼ -0.6% vs 2022
2024: €632k▼ -9.7% vs 2023
2025: €579k▼ -8.4% vs 2024lowest in 5 years
Operating result€-35k-€-179k▼ 410%€70k€76k▲ 8.2%€93k▲ 21.5%
2021: €-35k
2022: €-179k▼ -410% vs 2021lowest in 5 years
2023: €70k▲ +139% vs 2022
2024: €76k▲ +8.2% vs 2023
2025: €93k▲ +21.5% vs 2024highest in 5 years
Net result€-32k-€-206k▼ 542%€-4k▲ 97.9%€-68k▼ 1,442%€-53k▲ 22.2%
2021: €-32k
2022: €-206k▼ -542% vs 2021lowest in 5 years
2023: €-4k▲ +97.9% vs 2022highest in 5 years
2024: €-68k▼ -1442% vs 2023
2025: €-53k▲ +22.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.95M
Fixed assets
€5.06M ▼ 3.3%
Current assets
€10.89M ▼ 3.4%
Equity and liabilities €15.95M
Equity
€579k ▼ 8.4%
Provisions
€223k ▼ 8.1%
Debt
€15.15M ▼ 3.1%
Debt's share of the balance-sheet total rises from 94.7% to 95.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€338k▲
2024 · €323k
Cash flow
€193k▲
2024 · €179k
Current ratio
2.23▼
2024 · 3.10
Debt to equity
26.14▲
2024 · 24.72
ROE
-9.1%▲
2024 · -10.8%
ROA
-0.3%▲
2024 · -0.4%
Interest coverage
2.51▲
2024 · 2.36
Debt ≤ 1 year
€4.89M▲
2024 · €3.63M
Debt > 1 year
€2.23M▼
2024 · €3.83M
Income taxes
€30k▲
2024 · €27k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.51M€15.95M▼
Fixed assets21/28€5.23M€5.06M▼
Intangible fixed assets21€564k€480k▼
Tangible fixed assets22/27€4.66M€4.58M▼
Land and buildings22€4.47M€4.31M▼
Assets under construction and advance payments27€196k€269k▲
Financial fixed assets28-€1k
Current assets29/58€11.28M€10.89M▼
Amounts receivable after more than one year29€7.97M€7.80M▼
Other amounts receivable291€7.97M€7.80M▼
Amounts receivable within one year40/41€2.24M€2.62M▲
Trade receivables40€262k€457k▲
Other amounts receivable41€1.98M€2.16M▲
Cash at bank and in hand54/58€1.07M€472k▼
Deferred charges and accrued income490/1-€663
Equity and liabilities
Total equity and liabilities10/49€16.51M€15.95M▼
Equity10/15€632k€579k▼
Contributions10/11€53k€53k=
Reserves13€729k€670k▼
Tax-exempt reserves132€729k€670k▼
Profit (loss) carried forward14€-149k€-144k▲
Provisions and deferred taxes16€243k€223k▼
Deferred taxes168€243k€223k▼
Amounts payable17/49€15.63M€15.15M▼
Amounts payable after more than one year17€3.83M€2.23M▼
Financial debts170/4€3.83M€2.23M▼
Amounts payable within one year42/48€3.63M€4.89M▲
Current portion of amounts payable after more than one year42€187k€193k▲
Financial debts43€1.67M€3.08M▲
Credit institutions430/8€1.67M€3.08M▲
Trade debts44€24k€35k▲
Suppliers440/4€24k€35k▲
Taxes, remuneration and social security45€27k€5k▼
Taxes450/3€27k€5k▼
Other amounts payable47/48€1.72M€1.58M▼
Accrued charges and deferred income492/3€8.17M€8.02M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€247k€246k▼
Other operating charges640/8€3k€19k▲
Non-recurring operating charges66A€752-
Gross operating margin9900€327k€357k▲
Operating profit (loss)9901€76k€93k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€136k€135k▼
Recurring financial charges65€136k€135k▼
Profit (loss) for the period before taxes9903€-60k€-42k▲
Transfer from deferred taxes780€20k€20k=
Income taxes67/77€27k€30k▲
Profit (loss) for the period9904€-68k€-53k▲
Transfer from tax-exempt reserves789€59k€59k=
Profit (loss) for the period to be appropriated9905€-9k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-144k▲
Profit (loss) brought forward from the previous period14P€-140k€-149k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €2k | - | - | - |
| Remuneration, social security and pensions62 | - | €26k | €-848 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83k | €178k | €323k | €247k | €246k | ▼ 0.3% |
| Other operating charges640/8 | - | €42k | €87k | €3k | €19k | ▲ 486% |
| Non-recurring operating charges66A | - | - | €21k | €752 | - | - |
| Gross operating margin9900 | €53k | €67k | €501k | €327k | €357k | ▲ 9.3% |
| Operating profit (loss)9901 | €-35k | €-179k | €70k | €76k | €93k | ▲ 21.5% |
| Financial income75/76B | - | €1 | - | - | €2 | - |
| Recurring financial income75 | - | €1 | - | - | €2 | - |
| Financial charges65/66B | - | €34k | €82k | €136k | €135k | ▼ 1.3% |
| Recurring financial charges65 | €4k | €34k | €82k | €136k | €135k | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €-39k | €-213k | €-12k | €-60k | €-42k | ▲ 30.1% |
| Transfer from deferred taxes780 | - | €7k | €14k | €20k | €20k | = |
| Income taxes67/77 | €3k | €-4 | €7k | €27k | €30k | ▲ 11.0% |
| Profit (loss) for the period9904 | €-32k | €-206k | €-4k | €-68k | €-53k | ▲ 22.2% |
| Transfer from tax-exempt reserves789 | - | €22k | €43k | €59k | €59k | = |
| Profit (loss) for the period to be appropriated9905 | €-872 | €-183k | €39k | €-9k | €6k | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.50M | €6.43M | €8.29M | €16.51M | €15.95M | ▼ 3.4% |
| Fixed assets21/28 | €3.57M | €3.63M | €5.32M | €5.23M | €5.06M | ▼ 3.3% |
| Intangible fixed assets21 | €612k | €733k | €648k | €564k | €480k | ▼ 15.0% |
| Tangible fixed assets22/27 | €2.96M | €2.90M | €4.67M | €4.66M | €4.58M | ▼ 1.9% |
| Land and buildings22 | - | €2.81M | €4.56M | €4.47M | €4.31M | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €6k | €2k | - | - | - |
| Furniture and vehicles24 | - | €209 | - | - | - | - |
| Assets under construction and advance payments27 | - | €83k | €106k | €196k | €269k | ▲ 37.1% |
| Financial fixed assets28 | - | - | - | - | €1k | - |
| Current assets29/58 | €2.93M | €2.80M | €2.97M | €11.28M | €10.89M | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | €7.97M | €7.80M | ▼ 2.1% |
| Other amounts receivable291 | - | - | - | €7.97M | €7.80M | ▼ 2.1% |
| Amounts receivable within one year40/41 | €1.86M | €1.97M | €2.09M | €2.24M | €2.62M | ▲ 17.0% |
| Trade receivables40 | - | €153k | €218k | €262k | €457k | ▲ 74.5% |
| Other amounts receivable41 | - | €1.82M | €1.87M | €1.98M | €2.16M | ▲ 9.4% |
| Cash at bank and in hand54/58 | €1.07M | €818k | €877k | €1.07M | €472k | ▼ 56.0% |
| Deferred charges and accrued income490/1 | - | €9k | €0 | - | €663 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.50M | €6.43M | €8.29M | €16.51M | €15.95M | ▼ 3.4% |
| Equity10/15 | €910k | €705k | €700k | €632k | €579k | ▼ 8.4% |
| Contributions10/11 | - | €53k | €53k | €53k | €53k | = |
| Reserves13 | €853k | €831k | €788k | €729k | €670k | ▼ 8.1% |
| Tax-exempt reserves132 | - | €831k | €788k | €729k | €670k | ▼ 8.1% |
| Profit (loss) carried forward14 | €5k | €-179k | €-140k | €-149k | €-144k | ▲ 4.0% |
| Provisions and deferred taxes16 | €284k | €277k | €263k | €243k | €223k | ▼ 8.1% |
| Deferred taxes168 | - | €277k | €263k | €243k | €223k | ▼ 8.1% |
| Amounts payable17/49 | €5.31M | €5.45M | €7.32M | €15.63M | €15.15M | ▼ 3.1% |
| Amounts payable after more than one year17 | - | - | €3.62M | €3.83M | €2.23M | ▼ 41.6% |
| Financial debts170/4 | - | - | €3.62M | €3.83M | €2.23M | ▼ 41.6% |
| Amounts payable within one year42/48 | €5.27M | €5.41M | €3.63M | €3.63M | €4.89M | ▲ 34.8% |
| Current portion of amounts payable after more than one year42 | - | - | €122k | €187k | €193k | ▲ 3.2% |
| Financial debts43 | - | €3.42M | €1.67M | €1.67M | €3.08M | ▲ 84.7% |
| Credit institutions430/8 | - | €3.42M | €1.67M | €1.67M | €3.08M | ▲ 84.7% |
| Trade debts44 | €9k | €7k | €43k | €24k | €35k | ▲ 45.6% |
| Suppliers440/4 | - | €7k | €43k | €24k | €35k | ▲ 45.6% |
| Taxes, remuneration and social security45 | - | €2k | €14k | €27k | €5k | ▼ 80.2% |
| Taxes450/3 | - | €2k | €14k | €27k | €5k | ▼ 80.2% |
| Other amounts payable47/48 | - | €1.98M | €1.78M | €1.72M | €1.58M | ▼ 8.5% |
| Accrued charges and deferred income492/3 | - | €35k | €68k | €8.17M | €8.02M | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-206k | €-4k | €-68k | €-53k | ▲ 22.2% |
| + Depreciation and write-downs630 | €83k | €178k | €323k | €247k | €246k | ▼ 0.3% |
| Operating cash flow (approximation) | €51k | €-28k | €318k | €179k | €193k | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | €-235k | €-2.01M | €-155k | €-74k | ▲ 52.5% |
| Change in cash | - | €-248k | €59k | €194k | €-599k | ▼ 409% |
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
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Liquidity quadruplescurrent ratio 3.10
Current ratio from 0.82 to 3.10.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-206k
Net result drops to €-206k, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Back to profitnet €2.22M
Net result €2.22M after one loss-making year.
30-06
Financial
Liquidity times 571current ratio 18.97
Current ratio from 0.03 to 18.97; short-term debt falls from €3.21M to €149k.
30-06
Financial
Equity above €1MEq €1.92M
Equity rises from €-31k to €1.92M.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Hasselt · 1 establishment unit since 1988
Ground area
7,392 m²
Building footprint
1,703 m²
Volume, LiDAR
33,467 m³
Parcel 71327G0279/00Z002, Flanders · tallest building 23.4 m, ±6 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
ALSOCO NV
since 19882.038.154.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0279/00Z002 | Flanders | 7,392 m² | 1 · 1,703 m² | 23.4 m · 6 fl. |
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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,567 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
Founded11-04-1988
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.