ALCOTRA
ActiveSummary
ALCOTRA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €990,030 and a net result of €215,253. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 87% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+73
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 4.28 against 3.92 in 2024; short-term debt: 15.4% and cash: 0% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Six 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
84.6%
Return on assets
18.4%
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 →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €990,030
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
31 d late
2023
92 d late
2022
32 d late
2021
44 d early
2020
24 d early
2019
35 d late
← 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 25 days after 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€990,030▲ 27.8%
2024 · €774,777
Total assets
€1.2m▲ 29.6%
2024 · €903,373
Net result
€215,253▲ 23,429%
2024 · €915
Working capital
€591,569▲ 57.4%
2024 · €375,852
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,053▲ 41.6%-€13,397▼ 66.4%-€8,188▲ 38.9%-€8,794▼ 7.4%€204,480
Net result€4,572-€3,996-€965▲ 75.9%€915€215,253▲ 23,429%
Equity€778,823▲ 0.6%€774,827▼ 0.5%€773,862▼ 0.1%€774,777▲ 0.1%€990,030▲ 27.8%
Total assets€935,947▼ 0.3%€925,901▼ 1.1%€902,344▼ 2.5%€903,373▲ 0.1%€1.2m▲ 29.6%
Debt€157,124▼ 4.4%€151,075▼ 3.9%€128,483▼ 15.0%€128,596▲ 0.1%€180,404▲ 40.3%
Working capital€380,698▲ 1.3%€377,027▼ 1.0%€374,456▼ 0.7%€375,852▲ 0.4%€591,569▲ 57.4%
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 returns to profit in 2025: €204,480 after a loss of €8,794 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€398,461 ▼ 0.1%
Current assets
€771,973 ▲ 53.0%
Equity and liabilities €1.2m
Equity
€990,030 ▲ 27.8%
Debt
€180,404 ▲ 40.3%
Debt's share of the balance-sheet total rises from 14.2% to 15.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€204,944▲
2024 · -€8,313
Cash flow
€215,717▲
2024 · €1,396
Current ratio
4.28▲
2024 · 3.92
Debt to equity
0.18▲
2024 · 0.17
ROE
21.7%▲
2024 · 0.1%
ROA
18.4%▲
2024 · 0.1%
Interest coverage
27.84▲
2024 · -1.61
Debt ≤ 1 year
€180,404▲
2024 · €128,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €326 | €326 | €137 | €481 | €464 | ▼ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,648 | €7,282 | €0 | €3,310 | - | - |
| Other operating charges640/8 | €988 | €990 | €1,092 | €1,118 | €1,143 | ▲ 2.2% |
| Gross operating margin9900 | -€4,091 | -€4,800 | -€6,959 | -€3,886 | €206,087 | ▲ 5,404% |
| Operating profit (loss)9901 | -€8,053 | -€13,397 | -€8,188 | -€8,794 | €204,480 | ▲ 2,425% |
| Financial income75/76B | €19,492 | €15,680 | €15,185 | €14,880 | €18,135 | ▲ 21.9% |
| Recurring financial income75 | €19,492 | €15,680 | €15,185 | €14,880 | €18,135 | ▲ 21.9% |
| Financial charges65/66B | €6,867 | €6,279 | €7,962 | €5,171 | €7,362 | ▲ 42.4% |
| Recurring financial charges65 | €6,867 | €6,279 | €7,962 | €5,171 | €7,362 | ▲ 42.4% |
| Profit (loss) for the period before taxes9903 | €4,572 | -€3,996 | -€965 | €915 | €215,253 | ▲ 23,429% |
| Profit (loss) for the period9904 | €4,572 | -€3,996 | -€965 | €915 | €215,253 | ▲ 23,429% |
| Profit (loss) for the period to be appropriated9905 | €4,572 | -€3,996 | -€965 | €915 | €215,253 | ▲ 23,429% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €935,947 | €925,901 | €902,344 | €903,373 | €1.2m | ▲ 29.6% |
| Fixed assets21/28 | €398,125 | €397,800 | €399,406 | €398,925 | €398,461 | ▼ 0.1% |
| Tangible fixed assets22/27 | €705 | €380 | €1,986 | €1,505 | €1,041 | ▼ 30.8% |
| Furniture and vehicles24 | €705 | €380 | €1,986 | €1,505 | €1,041 | ▼ 30.8% |
| Financial fixed assets28 | €397,420 | €397,420 | €397,420 | €397,420 | €397,420 | = |
| Current assets29/58 | €537,822 | €528,102 | €502,939 | €504,448 | €771,973 | ▲ 53.0% |
| Stocks and contracts in progress3 | €10,592 | €3,310 | €3,310 | €0 | - | - |
| Stocks30/36 | €10,592 | €3,310 | €3,310 | €0 | - | - |
| Amounts receivable within one year40/41 | €525,520 | €524,792 | €499,615 | €504,447 | €771,909 | ▲ 53.0% |
| Trade receivables40 | - | - | - | - | €71 | - |
| Other amounts receivable41 | €525,520 | €524,792 | €499,615 | €504,447 | €771,838 | ▲ 53.0% |
| Cash at bank and in hand54/58 | €1,223 | €0 | €13 | €1 | €64 | ▲ 8,188% |
| Deferred charges and accrued income490/1 | €487 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €935,947 | €925,901 | €902,344 | €903,373 | €1.2m | ▲ 29.6% |
| Equity10/15 | €778,823 | €774,827 | €773,862 | €774,777 | €990,030 | ▲ 27.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €222 | €222 | €222 | €222 | €222 | = |
| Distributable reserves133 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | -€388,501 | -€392,497 | -€393,462 | -€392,547 | -€177,294 | ▲ 54.8% |
| Amounts payable17/49 | €157,124 | €151,075 | €128,483 | €128,596 | €180,404 | ▲ 40.3% |
| Amounts payable within one year42/48 | €157,124 | €151,075 | €128,483 | €128,596 | €180,404 | ▲ 40.3% |
| Financial debts43 | €15,293 | €12,103 | €14,016 | €15,423 | €17,818 | ▲ 15.5% |
| Credit institutions430/8 | €15,293 | €12,103 | €14,016 | €15,423 | €17,818 | ▲ 15.5% |
| Trade debts44 | €6,136 | €11,996 | €3,371 | €4,719 | €6,713 | ▲ 42.3% |
| Suppliers440/4 | €6,136 | €11,996 | €3,371 | €4,719 | €6,713 | ▲ 42.3% |
| Taxes, remuneration and social security45 | €35,986 | €27,902 | €6,571 | €94 | €94 | = |
| Taxes450/3 | €35,986 | €27,902 | €6,571 | €94 | €94 | = |
| Other amounts payable47/48 | €99,708 | €99,074 | €104,525 | €108,360 | €155,778 | ▲ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,572 | -€3,996 | -€965 | €915 | €215,253 | ▲ 23,429% |
| + Depreciation and write-downs630 | €326 | €326 | €137 | €481 | €464 | ▼ 3.5% |
| Operating cash flow (approximation) | €4,897 | -€3,671 | -€828 | €1,396 | €215,717 | ▲ 15,358% |
| Investment in fixed assets (approximation) | - | €0 | -€1,743 | €0 | €0 | - |
| Change in cash | - | -€1,223 | €13 | -€12 | €63 | ▲ 606% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Highest result since 2018net €215,253 ▲23,429%
Operating result €204,480, net result €215,253, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €915
Net result €915 after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,572
Net result €4,572 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€23,203
Net result drops to -€23,203, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Back to profitnet €6,798
Net result €6,798 after one loss-making year.
Show earlier events
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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 1991
Ground area
1.4 ha
Building footprint
8,125 m²
Volume, LiDAR
60,080 m³
Parcel 44807G0227/00V002, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
Wiedauwkaai 23U, 9000 Gent
since 19912.053.908.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0227/00V002 | Flanders | 1.4 ha | 1 · 8,125 m² | 17.3 m · 2 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.
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Of 388 companies in sector 46630 we hold annual accounts for 276. 213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
46869Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.