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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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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.
€ -35,108
▼ € 26,872 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,872
▼ 1561 % more loss than in 2024
Profit after tax over the fiscal year.
€ 779
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -98,069.
People and assets in 2025
€ 3,208
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 689,400
▼ 2% vs 2024
€ 39,008 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 62,912
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,635
▲ € 5,114 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,236 | € 33,001 | € 43,625 | € 65,465 | ▲ 50% |
| Profit after taxes | € -22,039 | € -11,268 | € -1,618 | € -26,872 | ▼ € 25,255 |
| Equity | € 4,650 | € -6,618 | € -8,236 | € -35,108 | ▼ € 26,872 |
| Total debts | € 143,951 | € 143,066 | € 1,217,077 | € 1,284,496 | ▲ 6% |
| Cash | € 31 | € 101 | € 5,881 | € 779 | ▼ 87% |
| Land & buildings | € 48,208 | € 48,208 | € 48,208 | € 48,208 | |
| Retained profit | € -58,310 | € -69,578 | € -71,196 | € -98,069 | ▼ € 26,872 |
| Bank debt | € 0 | € 0 | € 700,000 | € 689,400 | ▼ 2% |
| Balance sheet total | € 148,601 | € 136,448 | € 1,208,841 | € 1,249,388 | ▲ 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:
- New annual accounts for financial year 2025: loss of € 26,872. Source: NBB ↗
- Business Global became a director. NBB
- Noshaq Partners became a director. NBB
- Michel MERVEILLE became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,039 loss in 2022 to € 26,872 loss 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
The stake of BUSINESS GLOBAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALPHA FINANCEBehind 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
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
since 2018
Director · represented by Fabrice LOUETTE
since 2021
Shareholders
99.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
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 →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
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