Aelterman
ActiveAelterman has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €29k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 13933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-32
Solvency74▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.87 in 2024), and 51.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
6.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-03-2026, 144 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
144 d early
2024
37 d early
2023
61 d early
2022
30 d late
2021
73 d late
2020
22 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€227k▲ 14.6%
2024 · €198k
2018: €66k
2019: €86k
2020: €80k
2021: €90k
2022: €116k
2023: €160k
2024: €198k
2018 → 2025
Total assets
€470k▲ 1.1%
2024 · €464k
2018: €127k
2019: €142k
2020: €130k
2021: €238k
2022: €492k
2023: €478k
2024: €464k
2018 → 2025
Net result
€29k▼ 24.4%
2024 · €38k
2018: €17k
2019: €20k
2020: €-6k
2021: €9k
2022: €26k
2023: €45k
2024: €38k
2018 → 2025
Working capital
€7k
2024 · €-11k
2018: €11k
2019: €28k
2020: €21k
2021: €22k
2022: €-58k
2023: €-30k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90k-€116k▲ 28.8%€160k▲ 38.4%€198k▲ 23.8%€227k▲ 14.6%
Operating result€13k-€32k▲ 154%€53k▲ 64.0%€49k▼ 6.7%€47k▼ 4.4%
Net result€9k-€26k▲ 176%€45k▲ 72.0%€38k▼ 14.1%€29k▼ 24.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470k
Fixed assets
€408k▲ 4.3%
Current assets
€62k▼ 15.9%
Equity and liabilities €470k
Equity
€227k▲ 14.6%
Debt
€242k▼ 8.9%
The debt ratio falls from 57.3% to 51.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€84k▼
2024 · €84k
Cash flow
€66k▼
2024 · €74k
Solvency
48.4%▲
2024 · 42.7%
Current ratio
1.14▲
2024 · 0.87
Quick ratio
1.14▲
2024 · 0.87
Debt / equity
1.06▼
2024 · 1.34
ROE
12.7%▼
2024 · 19.3%
ROA
6.2%▼
2024 · 8.2%
Interest coverage
11.19▼
2024 · 12.02
Debt
€242k▼
2024 · €266k
Debt ≤ 1 year
€54k▼
2024 · €84k
Debt > 1 year
€188k▲
2024 · €182k
Income taxes
€11k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€464k€470k▲
Fixed assets21/28€391k€408k▲
Tangible fixed assets22/27€390k€406k▲
Land and buildings22€360k€388k▲
Furniture and vehicles24€30k€18k▼
Financial fixed assets28€2k€2k=
Current assets29/58€73k€62k▼
Amounts receivable within one year40/41€730€32k▲
Trade receivables40€592€0▼
Other amounts receivable41€138€32k▲
Cash at bank and in hand54/58€72k€29k▼
Deferred charges and accrued income490/1€135€259▲
Equity and liabilities
Total equity and liabilities10/49€464k€470k▲
Equity10/15€198k€227k▲
Contributions10/11€19k€19k=
Reserves13€180k€209k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€180k€209k▲
Amounts payable17/49€266k€242k▼
Amounts payable after more than one year17€182k€188k▲
Financial debts170/4€182k€188k▲
Amounts payable within one year42/48€84k€54k▼
Current portion of amounts payable after more than one year42€41k€38k▼
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Taxes, remuneration and social security45€16k€5k▼
Taxes450/3€16k€5k▼
Other amounts payable47/48€27k€6k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€37k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€90k€90k▲
Operating profit (loss)9901€49k€47k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€42k€39k▼
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€38k€29k▼
Profit (loss) for the period to be appropriated9905€38k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€29k▼
Transfer to equity691/2€38k€29k▼
To other reserves6921€38k€29k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €227k ▲14.6%
5 profitable years in a row build equity to €227k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €45k ▲72%
Operating result €53k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲38.4%
3 profitable years in a row build equity to €160k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €116k ▲28.8%
2 profitable years in a row build equity to €116k.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-6k ▼127%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortrijksesteenweg 2069000 GentGround area
2,982 m²
Building footprint
245 m²
Volume, LiDAR
1,884 m³
Parcel 44809I0742/00N000, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Aelterman
since 19922.310.919.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0742/00N000 | Flanders | 2,982 m² | 1 · 245 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Immo Terroir
BE 0890.492.959
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DL Construct
BE 0422.658.692
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DE GRAEVE TERREINEN
BE 0454.883.874
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Immo Baziel
BE 0634.679.710
Machelen (Brab.) · Eq €228k
MEIRLAEN
BE 0725.969.477
Court-Saint-Etienne · Eq €228k
Of 7,320 companies in sector 68110 we hold annual accounts for 5,380. 3,868 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-1992
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.