Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALF INVEST from Brussel, company number BE0402867130, closed financial year 2025 with a result of € -9,497 after tax. For that financial year ALF INVEST recorded a gross margin of € 992,456 and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 80,303 to € -9,497. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2026.
€ 3.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,497
▼ still € 80,303 profit in 2024
Profit after tax over the fiscal year.
€ 92,127
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 878,012.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 69,778
▲ 7% vs 2024
€ 69,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 9.4 million
▲ 75% vs 2024
€ 798,622 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 15,543
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,533
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 657,133 | € 691,365 | € 834,813 | € 992,456 | ▲ 19% |
| Profit after taxes | € 102,576 | € 101,670 | € 80,303 | € -9,497 | ▼ € 89,800 |
| Equity | € 3,652,443 | € 3,650,526 | € 3,627,242 | € 3,514,158 | ▼ 3% |
| Total debts | € 5,532,944 | € 7,181,553 | € 8,254,911 | € 14,174,504 | ▲ 72% |
| Cash | € 106,611 | € 85,072 | € 72,236 | € 92,127 | ▲ 28% |
| Land & buildings | € 7,773,240 | € 8,724,274 | € 9,543,613 | € 14,928,019 | ▲ 56% |
| Retained profit | € 1,005,535 | € 1,007,205 | € 987,509 | € 878,012 | ▼ 11% |
| Dividend | € 0 | € 100,000 | € 100,000 | € 100,000 | |
| Bank debt | € 3,899,753 | € 4,744,364 | € 5,355,315 | € 9,356,118 | ▲ 75% |
| Balance sheet total | € 9,185,387 | € 10,832,079 | € 11,882,153 | € 17,688,662 | ▲ 49% |
| Employees (FTE) | - | - | 1 | 1 |
Key figures of ALF INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ALF INVEST?
What happened at ALF INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LUBA Investment SRL stepped down as director. NBB
- Maxime NIELS stepped down as director. NBB
- Albert NIELS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,497 (▼ € 89,800 vs 2024). Source: NBB ↗
- LUBA Investment SRL became a director. NBB
- Maxime NIELS became a director. NBB
- Albert NIELS became a director. NBB
- New establishment in Brussel. KBO
In short
From € 102,576 profit in 2022 to € 9,497 loss in 2025.
Paid € 101,208 in corporate taxes since 2022.
Best year ever: 2022, with € 102,576 profit.
On average € 992,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Maxime NIELS
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Grote Zavel 38
1000 Brussel
Baksteenkaai 76-78
1000 Brussel
Active since 7 February 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.867.130
- VAT number
- BE 0402.867.130
- Registered office
- Grote Zavel 38, 1000 Brussel
- Names & denominations
- ALF INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 1964
- Peppol
- Active · Active since 8 Apr 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant