Result
€266,318 €266,318
Back in profit in 2025, after a loss of €82,978 in 2024.
ALTES
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €410,216 (2025)
€410,216▲ €455,863
lowest -€82,978 (2024)
€266,318▲ €349,296
peak €854,138 (2023)
€726,676▼ 5.8%
€1.0m▲ 13.9%
peak 0.8 FTE (2007)
-not published
Board1 name since 1990
1 directorTESSENAERE Alex Pierre
Documentsfilings and deeds
22-09-202653 days late
2025micro format
Gross margin from -€45,648 to €410,216Back to profit: €266,318Cash from €26,543 to €18,095
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1991
Six of the last ten came late. The 2019 accounts came latest: 82 days after the end of the period.
Position in the sector
€266,318
Higher net result than 95% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
90
Excellent
Financially stronger than 50% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 53 days late; 1 of the last 3 accounts late
Liquidity: current ratio 2.64, cash €18,095
lowers risk
Size: total assets €1.8m
Founded in 1990
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 57% of them on solvency, 27% on liquidity, 84% on profitability and 33% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ALTES has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ALTES itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ALTES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.64 (3.26 in 2024), above the usual 1.5. Short-term debt is 37.1% and cash 1% of total assets. However, 59.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
53 days late
2024
16 days early
2023
1 day early
2022
3 days early
2021
24 days late
2020
31 days late
2019
82 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440423451
Registered office moved within Antwerp
New registered office: Antwerpsesteenweg 118 te 2660 Antwerpen · Previous registered office: Antwerpsesteenweg 114-116 te 2660 Antwerpen · Gazette deed
Merger: ALTES takes over KOFFIES DE ROB
Change of role: TESSENAERE Alex Pierre, from manager to director · “1. de fabricatie, installatie, herstelling, plaatsing en montage, inkoop, verkoop en onderhoud van:; 2. de…” (deed in Dutch) · The company holds all the shares of KOFFIES DE ROB · General meeting of 31-12-2019 · Gazette deed
Merger proposal: ALTES takes over Koffies De Rob BVBA
Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as ALTES: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.8m and €2.3m, founded between 1986 and 1993.
Official details
Source: KBO- Status
- Active since 19-04-1990Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.048.186.3752660 Antwerp, since 10-05-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2025
Insights on ALTES
ALTES files the micro format. That format states no turnover. The gross margin rose from €18,768 in 2006 to €410,216 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALTES
- What is the company number of ALTES?
- The company number of ALTES is 0440.423.451. The VAT number is the same number with BE in front: BE 0440.423.451.
- Where is ALTES based?
- The registered office is at Antwerpsesteenweg 118, 2660 Antwerp.Company details
- What does ALTES do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of ALTES?
- ALTES is a private limited company (BV).
- When was ALTES founded?
- ALTES was founded on 19-04-1990.
- Is ALTES still active?
- Yes, ALTES is an active enterprise in the KBO register.
- Which joint committee does ALTES fall under?
- In its 2022 annual accounts, ALTES states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ALTES?
- The turnover in financial year 2025 is ≈ €720,000. This figure is estimated from the gross margin of €410,216 and 43 comparable companies (NACE 681). It probably lies between €540,000 and €1.2m. In financial year 2022 turnover was €294,377.Financials
- Is ALTES profitable?
- In financial year 2025, ALTES made a profit of €266,318.
- Where can I find the annual accounts of ALTES?
- ALTES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALTES due?
- ALTES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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