What does ALPHA FINANCE do?

ALPHA FINANCE is a property company in Liège. Public Limited, started on 29 June 1991, 1 establishment.

What is the address of ALPHA FINANCE?

The registered office of ALPHA FINANCE is located at Rue de Mulhouse 33 box A, 4020 Liège.

Is ALPHA FINANCE still active?

Yes. According to the CBE (29 October 2026) ALPHA FINANCE is active, legal situation “Normale toestand”, started on 29 June 1991.

Is ALPHA FINANCE registered on Peppol?

Yes, ALPHA FINANCE is registered on the Peppol network with ID 0208:0444692243.

What is the enterprise number of ALPHA FINANCE?

The enterprise number of ALPHA FINANCE is BE0444692243.

When was ALPHA FINANCE founded?

ALPHA FINANCE was founded on 29 June 1991.

Who are the directors of ALPHA FINANCE?

According to the 2025 annual accounts, the directors of ALPHA FINANCE are: Noshaq Partners, Michel MERVEILLE, Business Global.

Is ALPHA FINANCE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 June 1991; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did ALPHA FINANCE make in 2025?

ALPHA FINANCE recorded a loss after taxes of € 26,872 in financial year 2025.

What is the revenue of ALPHA FINANCE?

As a small company, ALPHA FINANCE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 65,465.

ALPHA FINANCE (Public Limited) - Liège - BE0444692243

Dossier ALPHA FINANCE, printed on 29 October 2026 from databakkes.be/en/0444692243/alpha-finance. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 3 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ALPHA FINANCE from Liège, company number BE0444692243, closed financial year 2025 with a result of € -26,872 after tax. For that financial year ALPHA FINANCE recorded a gross margin of € 65,465 and equity of € -35,108. Compared with financial year 2024, the result moved from € -1,618 to € -26,872. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 10, 2026.

What it is worth Caution

€ -35,108

▼ € 26,872 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -26,872

▼ 1561 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 779

▼ 87% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -98,069.

People and assets in 2025

Vehicles and equipment

€ 3,208

▼ 21% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 17 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 689,400

▼ 2% vs 2024

€ 39,008 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.

Owed to suppliers

€ 62,912

▼ 48% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 5,635

▲ € 5,114 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 10,236 Gross margin 2022: € 10,236 First fiscal year in the series	€ 33,001 Gross margin 2023: € 33,001 ▲ 222% vs 2022 (€ 10,236) Favourable step	€ 43,625 Gross margin 2024: € 43,625 ▲ 32% vs 2023 (€ 33,001) Favourable step	€ 65,465 Gross margin 2025: € 65,465 ▲ 50% vs 2024 (€ 43,625) Favourable step	▲ 50%
Profit after taxes	€ -22,039 Profit after taxes 2022: € -22,039 First fiscal year in the series	€ -11,268 Profit after taxes 2023: € -11,268 ▲ € 10,771 vs 2022 (€ -22,039) Favourable step	€ -1,618 Profit after taxes 2024: € -1,618 ▲ € 9,650 vs 2023 (€ -11,268) Favourable step	€ -26,872 Profit after taxes 2025: € -26,872 ▼ € 25,255 vs 2024 (€ -1,618) Unfavourable step	▼ € 25,255
Equity	€ 4,650 Equity 2022: € 4,650 First fiscal year in the series	€ -6,618 Equity 2023: € -6,618 ▼ € 11,268 vs 2022 (€ 4,650) Unfavourable step	€ -8,236 Equity 2024: € -8,236 ▼ € 1,618 vs 2023 (€ -6,618) Unfavourable step	€ -35,108 Equity 2025: € -35,108 ▼ € 26,872 vs 2024 (€ -8,236) Unfavourable step	▼ € 26,872
Total debts	€ 143,951 Total debts 2022: € 143,951 First fiscal year in the series	€ 143,066 Total debts 2023: € 143,066 ▼ 1% vs 2022 (€ 143,951) Favourable step	€ 1,217,077 Total debts 2024: € 1,217,077 ▲ € 1.1 million vs 2023 (€ 143,066) Unfavourable step	€ 1,284,496 Total debts 2025: € 1,284,496 ▲ 6% vs 2024 (€ 1,217,077) Unfavourable step	▲ 6%
Cash	€ 31 Cash 2022: € 31 First fiscal year in the series	€ 101 Cash 2023: € 101 ▲ 222% vs 2022 (€ 31) Favourable step	€ 5,881 Cash 2024: € 5,881 ▲ € 5,779 vs 2023 (€ 101) Favourable step	€ 779 Cash 2025: € 779 ▼ 87% vs 2024 (€ 5,881) Unfavourable step	▼ 87%
Land & buildings	€ 48,208 Land & buildings 2022: € 48,208 First fiscal year in the series	€ 48,208 Land & buildings 2023: € 48,208 Unchanged (€ 48,208) Unchanged	€ 48,208 Land & buildings 2024: € 48,208 Unchanged (€ 48,208) Unchanged	€ 48,208 Land & buildings 2025: € 48,208 Unchanged (€ 48,208) Unchanged
Retained profit	€ -58,310 Retained profit 2022: € -58,310 First fiscal year in the series	€ -69,578 Retained profit 2023: € -69,578 ▼ € 11,268 vs 2022 (€ -58,310) Unfavourable step	€ -71,196 Retained profit 2024: € -71,196 ▼ € 1,618 vs 2023 (€ -69,578) Unfavourable step	€ -98,069 Retained profit 2025: € -98,069 ▼ € 26,872 vs 2024 (€ -71,196) Unfavourable step	▼ € 26,872
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 700,000 Bank debt 2024: € 700,000 Unchanged (€ 0) Unfavourable step	€ 689,400 Bank debt 2025: € 689,400 ▼ 2% vs 2024 (€ 700,000) Favourable step	▼ 2%
Balance sheet total	€ 148,601 Balance sheet total 2022: € 148,601 First fiscal year in the series	€ 136,448 Balance sheet total 2023: € 136,448 ▼ 8% vs 2022 (€ 148,601) Unchanged	€ 1,208,841 Balance sheet total 2024: € 1,208,841 ▲ € 1.1 million vs 2023 (€ 136,448) Unchanged	€ 1,249,388 Balance sheet total 2025: € 1,249,388 ▲ 3% vs 2024 (€ 1,208,841) Unchanged	▲ 3%

Key figures of ALPHA FINANCE, 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 ALPHA FINANCE?

What happened at ALPHA FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 10, 2026 New annual accounts for financial year 2025: loss of € 26,872. Source: NBB ↗
2021 Business Global became a director. NBB
2018 Noshaq Partners became a director. NBB
2018 Michel MERVEILLE became a director. NBB
Jul 31, 1991 New establishment in Liège. KBO
Jun 29, 1991 Start of the company according to the CBE. KBO

In short

From € 22,039 loss in 2022 to € 26,872 loss in 2025.

Original PDFs at the National Bank ↗

Management

BUSINESS GLOBAL 99.3%

The stake of BUSINESS GLOBAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ALPHA FINANCE

Behind ALPHA FINANCE are Noshaq Partners, Michel MERVEILLE and Business Global. The shares are held by BUSINESS GLOBAL (99.3%).

Directors

According to the 2025 annual accounts

Noshaq Partners

Director · represented by Franz RENSON

Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more

since 2018

Michel MERVEILLE

Director

Also active at: INDEXX CAPITAL

since 2018

Business Global

Director · represented by Fabrice LOUETTE

since 2021

Shareholders

BUSINESS GLOBAL

99.3%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Mulhouse 33 box A

4020 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

Laboratoires de Pharmacie Legia

WALLONIE IMAGE PRODUCTION, asbl

Formation permanente

PHARMALEX

€ 1.2 million gross margin · 2025

ALPHA

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0444.692.243
VAT number: BE 0444.692.243
Registered office: Rue de Mulhouse 33 bus A, 4020 Liège
Names & denominations: ALPHA FINANCE · A FINANCE
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 29 June 1991
Peppol: Active · Active since 4 Mar 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗