ALAERTS
ActiveSummary
ALAERTS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €479,920. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency87▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 1.81 in 2024; short-term debt: 10.9% and cash: 44.6% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
61.9%
Return on assets
27.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-01-2026, 183 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
183 d early
2024
51 d early
2023
58 d early
2022
41 d early
2021
39 d early
2020
51 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 10 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.1m▲ 69.1%
2024 · €633,958
Total assets
€1.7m▲ 0.3%
2024 · €1.7m
Net result
€479,920▲ 1.6%
2024 · €472,222
Working capital
€937,596▲ 90.1%
2024 · €493,226
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€390,587▲ 28.8%€305,008▼ 21.9%€494,359▲ 62.1%€614,173▲ 24.2%€642,379▲ 4.6%
Net result€305,065above the sector's middle half▲ 33.6%€218,211above the sector's middle half▼ 28.5%€366,499above the sector's middle half▲ 68.0%€472,222above the sector's middle half▲ 28.8%€479,920above the sector's middle half▲ 1.6%
Equity€484,162within the sector's middle half▲ 70.4%€607,372within the sector's middle half▲ 25.4%€657,660within the sector's middle half▲ 8.3%€633,958within the sector's middle half▼ 3.6%€1.1mabove the sector's middle half▲ 69.1%
Total assets€1.2mwithin the sector's middle half▲ 18.5%€1.4mwithin the sector's middle half▲ 18.7%€1.5mwithin the sector's middle half▲ 12.1%€1.7mwithin the sector's middle half▲ 11.6%€1.7mwithin the sector's middle half▲ 0.3%
Debt€646,630▼ 7.2%€741,764▲ 14.7%€860,116▲ 16.0%€1.1m▲ 23.9%€634,574▼ 40.4%
Working capital€362,839within the sector's middle half▲ 12.8%€500,276within the sector's middle half▲ 37.9%€547,726within the sector's middle half▲ 9.5%€493,226within the sector's middle half▼ 10.0%€937,596above the sector's middle half▲ 90.1%
Solvency41.7%within the sector's middle half▲ 12.7pp44.0%within the sector's middle half▲ 2.4pp42.5%within the sector's middle half▼ 1.5pp36.7%within the sector's middle half▼ 5.8pp61.9%within the sector's middle half▲ 25.2pp
Current ratio2.85within the sector's middle half▼ 0.092.60within the sector's middle half▼ 0.252.21within the sector's middle half▼ 0.391.81within the sector's middle half▼ 0.405.99above the sector's middle half▲ 4.18
Return on assets (ROA)26.2%above the sector's middle half▲ 3.0pp15.8%above the sector's middle half▼ 10.4pp23.7%above the sector's middle half▲ 7.9pp27.4%above the sector's middle half▲ 3.7pp27.7%above the sector's middle half▲ 0.4pp
Staff (FTE)0.4below the sector's middle half1within the sector's middle half▲ 150%1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€606,156 ▼ 2.5%
Current assets
€1.1m ▲ 1.9%
Equity and liabilities €1.7m
Equity
€1.1m ▲ 69.1%
Provisions
€25,067 ▼ 6.2%
Debt
€634,574 ▼ 40.4%
Debt's share of the balance-sheet total falls from 61.7% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€706,961▲
2024 · €668,190
Cash flow
€544,503▲
2024 · €526,239
Quick ratio
4.58▲
2024 · 1.29
Debt to equity
0.59▼
2024 · 1.68
ROE
44.8%▼
2024 · 74.5%
Interest coverage
32.50▼
2024 · 35.90
Debt ≤ 1 year
€188,080▼
2024 · €610,932
Debt > 1 year
€446,283▼
2024 · €454,278
Income taxes
€158,063▲
2024 · €154,308
Staff costs
€43,074▲
2024 · €39,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,344 | €1,622 | €0 | €624 | €7,089 | ▲ 1,035% |
| Remuneration, social security and pensions62 | - | €11,453 | €36,554 | €39,480 | €43,074 | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,251 | €39,724 | €34,069 | €54,017 | €64,582 | ▲ 19.6% |
| Other operating charges640/8 | €2,969 | €7,206 | €6,019 | €5,840 | €8,363 | ▲ 43.2% |
| Non-recurring operating charges66A | €177 | €0 | - | - | - | - |
| Gross operating margin9900 | €420,983 | €363,390 | €571,001 | €713,511 | €758,398 | ▲ 6.3% |
| Operating profit (loss)9901 | €390,587 | €305,008 | €494,359 | €614,173 | €642,379 | ▲ 4.6% |
| Financial income75/76B | €7,657 | €10,250 | €14,192 | €29,306 | €15,692 | ▼ 46.5% |
| Recurring financial income75 | €7,657 | €10,250 | €14,192 | €29,306 | €15,692 | ▼ 46.5% |
| Financial charges65/66B | €15,506 | €8,235 | €14,325 | €18,612 | €21,750 | ▲ 16.9% |
| Recurring financial charges65 | €15,506 | €8,235 | €14,325 | €18,612 | €21,750 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €382,738 | €307,023 | €494,225 | €624,867 | €636,321 | ▲ 1.8% |
| Transfer from deferred taxes780 | €1,663 | €1,539 | €1,663 | €1,663 | €1,663 | = |
| Transfer to deferred taxes680 | €33,258 | €0 | - | - | - | - |
| Income taxes67/77 | €46,078 | €90,350 | €129,389 | €154,308 | €158,063 | ▲ 2.4% |
| Profit (loss) for the period9904 | €305,065 | €218,211 | €366,499 | €472,222 | €479,920 | ▲ 1.6% |
| Transfer from tax-exempt reserves789 | €4,989 | €4,616 | €4,989 | €4,989 | €4,989 | = |
| Transfer to tax-exempt reserves689 | €99,773 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €210,281 | €222,826 | €371,488 | €477,210 | €484,909 | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.5m | €1.7m | €1.7m | ▲ 0.3% |
| Fixed assets21/28 | €603,298 | €566,302 | €545,895 | €622,009 | €606,156 | ▼ 2.5% |
| Tangible fixed assets22/27 | €603,298 | €566,302 | €545,895 | €622,009 | €606,156 | ▼ 2.5% |
| Land and buildings22 | €561,660 | €531,796 | €511,634 | €492,065 | €463,469 | ▼ 5.8% |
| Plant, machinery and equipment23 | €3,903 | €3,004 | €2,105 | €1,206 | €499 | ▼ 58.6% |
| Furniture and vehicles24 | €2,561 | €0 | €4,327 | €104,580 | €121,704 | ▲ 16.4% |
| Other tangible fixed assets26 | €35,175 | €31,502 | €27,830 | €24,157 | €20,485 | ▼ 15.2% |
| Current assets29/58 | €559,088 | €812,890 | €1.0m | €1.1m | €1.1m | ▲ 1.9% |
| Stocks and contracts in progress3 | €134,365 | €193,007 | €256,856 | €316,188 | €264,089 | ▼ 16.5% |
| Stocks30/36 | €134,365 | €193,007 | €256,856 | €316,188 | €264,089 | ▼ 16.5% |
| Amounts receivable within one year40/41 | €35,111 | €51,788 | €89,923 | €67,914 | €88,083 | ▲ 29.7% |
| Trade receivables40 | €33,733 | €51,788 | €89,002 | €67,367 | €88,083 | ▲ 30.8% |
| Other amounts receivable41 | €1,378 | €0 | €921 | €547 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €380,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €386,372 | €564,955 | €271,631 | €717,425 | €772,450 | ▲ 7.7% |
| Deferred charges and accrued income490/1 | €3,241 | €3,139 | €1,864 | €2,630 | €1,054 | ▼ 59.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.5m | €1.7m | €1.7m | ▲ 0.3% |
| Equity10/15 | €484,162 | €607,372 | €657,660 | €633,958 | €1.1m | ▲ 69.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €465,562 | €588,772 | €639,060 | €615,358 | €1.1m | ▲ 71.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €106,903 | €102,287 | €97,299 | €92,310 | €87,321 | ▼ 5.4% |
| Distributable reserves133 | €356,799 | €484,625 | €541,761 | €523,048 | €966,269 | ▲ 84.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €31,595 | €30,056 | €28,393 | €26,730 | €25,067 | ▼ 6.2% |
| Deferred taxes168 | €31,595 | €30,056 | €28,393 | €26,730 | €25,067 | ▼ 6.2% |
| Amounts payable17/49 | €646,630 | €741,764 | €860,116 | €1.1m | €634,574 | ▼ 40.4% |
| Amounts payable after more than one year17 | €450,381 | €429,150 | €407,568 | €454,278 | €446,283 | ▼ 1.8% |
| Financial debts170/4 | €450,381 | €429,150 | €407,568 | €454,278 | €446,283 | ▼ 1.8% |
| Amounts payable within one year42/48 | €196,249 | €312,614 | €452,548 | €610,932 | €188,080 | ▼ 69.2% |
| Current portion of amounts payable after more than one year42 | €20,885 | €31,271 | €21,582 | €42,531 | €53,003 | ▲ 24.6% |
| Trade debts44 | €37,659 | €91,543 | €111,894 | €84,196 | €103,914 | ▲ 23.4% |
| Suppliers440/4 | €37,659 | €91,543 | €111,894 | €84,196 | €103,914 | ▲ 23.4% |
| Advances received on contracts in progress46 | €230 | €230 | €193 | €193 | €193 | = |
| Taxes, remuneration and social security45 | €31,882 | €93,426 | €15,324 | €5,558 | €20,539 | ▲ 270% |
| Taxes450/3 | €31,882 | €90,207 | €13,931 | €4,189 | €15,816 | ▲ 278% |
| Remuneration and social security454/9 | - | €3,219 | €1,392 | €1,369 | €4,723 | ▲ 245% |
| Other amounts payable47/48 | €105,593 | €96,143 | €303,557 | €478,454 | €10,432 | ▼ 97.8% |
| Accrued charges and deferred income492/3 | - | - | - | €268 | €211 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €305,065 | €218,211 | €366,499 | €472,222 | €479,920 | ▲ 1.6% |
| + Depreciation and write-downs630 | €27,251 | €39,724 | €34,069 | €54,017 | €64,582 | ▲ 19.6% |
| Operating cash flow (approximation) | €332,316 | €257,935 | €400,569 | €526,239 | €544,503 | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | -€2,728 | -€13,663 | -€130,130 | -€48,730 | ▲ 62.6% |
| Change in cash | - | €178,583 | -€293,324 | €445,794 | €55,025 | ▼ 87.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
State Gazette act
Resignation: Vera Claes (director)2 facts ▸
State Gazette act
Resignation: Vera Claes (director)
2 facts ▸
- General meeting, 03-06-2026
- Director resignation, Vera Claes (director)
20-03
State Gazette act
Resignations: Alaerts Willy (director) and Alaerts Nick (director)Appointments: NA Think Tank BV, Only Cookie Fans NV and VLIEGWIEL BV · Permanent representatives: Alaerts Nick, Bogaerts Erik and Stroekcx Filip · Director discharge11 facts ▸
State Gazette act
Resignations: Alaerts Willy (director) and Alaerts Nick (director)
Appointments: NA Think Tank BV, Only Cookie Fans NV and VLIEGWIEL BV · Permanent representatives: Alaerts Nick, Bogaerts Erik and Stroekcx Filip · Director discharge11 facts ▸
- General meeting, 05/02/2026
- Director resignation, Alaerts Willy (director)
- Director resignation, Alaerts Nick (director)
- Director discharge, Alaerts Willy
- Director discharge, Alaerts Nick
- Director appointment, NA Think Tank BV (director)
- Director appointment, Only Cookie Fans NV (director)
- Director appointment, VLIEGWIEL BV (director)
- Permanent representative, Alaerts Nick
- Permanent representative, Bogaerts Erik
- Permanent representative, Stroekcx Filip
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €479,920 ▲1.6%
Operating result €642,379, net result €479,920, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.99
Current ratio from 1.81 to 5.99; short-term debt falls from €610,932 to €188,080.
31-12
Financial
Equity above €1mEq €1.1m ▲69.1%
8 profitable years in a row build equity to €1.1m.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €607,372 ▲25.4%
5 profitable years in a row build equity to €607,372.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Equity above €200,000Eq €284,097 ▲93%
3 profitable years in a row build equity to €284,097.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26040209). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
NA Think Tank
CurrentDirector · since 05-02-2026 · Private limited company · perm. rep.: Alaerts Nick
Only Cookie Fans
CurrentDirector · since 05-02-2026 · Public limited company · perm. rep.: Bogaerts Erik
VLIEGWIEL
CurrentDirector · since 05-02-2026 · Private limited company · perm. rep.: Stroekcx Filip
Permanent representatives 3
Alaerts Nick
CurrentPermanent representative · since 05-02-2026 · for NA Think Tank
Bogaerts Erik
CurrentPermanent representative · since 05-02-2026 · for Only Cookie Fans
Stroekcx Filip
CurrentPermanent representative · since 05-02-2026 · for VLIEGWIEL
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2015
Ground area
3.4 ha
Building footprint
1.9 ha
Volume, LiDAR
175,165 m³
Parcel 71037C2925/00N000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
1 establishment unit
Alaerts BVBA
since 20152.247.715.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2925/00N000 | Flanders | 3.4 ha | 1 · 1.9 ha | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
6 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NA Think Tank |
|
| Only Cookie Fans |
|
| VLIEGWIEL |
|
| Vera Claes |
|
| Alaerts Nick |
|
| Alaerts Willy |
|
Structure & network
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteLummen2.247.715.474
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 462 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46350Wholesale trade
Contact
Website
www.alaerts-shop.be
E-mail
contact@alaertsbvba.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464387104
Registered
01-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.