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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CHALLENGE ALPHA from Durbuy, company number BE0882712371, closed financial year 2025 with a result of € -25,281 after tax. For that financial year CHALLENGE ALPHA recorded a gross margin of € 226,201 and equity of € -1,346. Compared with financial year 2024, the result moved from € 12,458 to € -25,281. 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 August 10, 2026.
€ -1,346
▼ € 25,281 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,281
▼ still € 12,458 profit in 2024
Profit after tax over the fiscal year.
€ 52,533
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9,401.
People and assets in 2025
5.8
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 213,383
▲ 25% vs 2024
€ 36,800 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.
€ 172,285
▲ € 160,122 vs 2024
Of which on lease € 43,789.
Debts at end 2025
€ 196,272
▲ € 172,063 vs 2024
€ 51,010 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 21,096
▲ € 20,199 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,899
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 162,455 | € 208,537 | € 205,836 | € 226,201 | ▲ 10% |
| Profit after taxes | € -30,993 | € 31,247 | € 12,458 | € -25,281 | ▼ € 37,739 |
| Equity | € -7,270 | € 23,977 | € 23,935 | € -1,346 | ▼ € 25,281 |
| Total debts | € 71,946 | € 80,195 | € 109,191 | € 296,166 | ▲ 171% |
| Cash | € 24,902 | € 40,828 | € 75,741 | € 52,533 | ▼ 31% |
| Retained profit | € -13,470 | € 17,777 | € 15,880 | € -9,401 | ▼ € 25,281 |
| Dividend | € 0 | € 0 | € 12,500 | € 0 | ▼ 100% |
| Bank debt | € 8,274 | € 33,490 | € 24,209 | € 196,272 | ▲ € 172,063 |
| Balance sheet total | € 64,676 | € 104,172 | € 133,126 | € 294,820 | ▲ 121% |
| Employees (FTE) | 5.8 | 5.1 | 4.6 | 5.8 | ▲ 1.2 |
Key figures of CHALLENGE ALPHA, 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 CHALLENGE ALPHA?
What happened at CHALLENGE ALPHA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,281 (▼ € 37,739 vs 2024). filed late Source: NBB ↗
- New establishment in Durbuy. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,993 loss in 2022 to € 25,281 loss in 2025.
Paid € 4,041 in corporate taxes since 2022.
Best year ever: 2023, with € 31,247 profit.
On average € 39,000 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
Behind CHALLENGE ALPHA are BRUNO TIMPANO and NICOLO CORBO.
Directors
According to the 2025 annual accounts
BRUNO TIMPANO
Director
NICOLO CORBO
Director
Establishments
Establishment units
Physical locations of this company
Chainrue 21
6940 Durbuy
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.712.371
- VAT number
- BE 0882.712.371
- Registered office
- Chainrue 21, 6940 Durbuy
- Names & denominations
- CHALLENGE ALPHA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2006
- Peppol
- Active · Active since 2 Oct 2025
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