ALDI
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 49 filings
Turnover
€600.4m▲ 1.8%
2024 · €589.6m
EBIT margin
4.1%▲ 0.2pp
2024 · 3.9%
Net result
€18.7m▲ 4.4%
2024 · €17.9m
Working capital
€93,824
2024 · -€2.6m
In the rankings
#1 employer in West Flanders, Retail trade sector#1 company by total assets in West Flanders, Retail trade sector#6 company by equity in Roeselare, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€600.4m
▲ 1.8%
2025
20182025
Operating result
€24.4m
▲ 7.0%
2025
20182025
Net result
€18.7m
▲ 4.4%
2025
highest quarter of the sector
20182025
EBIT margin
4.1%
▲ 0.2pp
2025
20182025
Equity
€14.4m
▲ 23.4%
2025
highest quarter of the sector
20182025
Total assets
€104.6m
▲ 1.6%
2025
highest quarter of the sector
20182025
Debt
€90.2m
▼ 1.1%
2025
20182025
Working capital
€93,824
2025
middle half of the sector
20182025
Solvency
13.8%
▲ 2.4pp
2025
lowest quarter of the sector
20182025
Current ratio
1.00
▲ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
17.9%
▲ 0.5pp
2025
highest quarter of the sector
20182025
Staff (FTE)
1,126.7
▲ 2.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€491.7m-€490.3m▼ 0.3%€519.9m▲ 6.0%€519.4m▼ 0.1%€540.0m▲ 4.0%€583.7m▲ 8.1%€589.6m▲ 1.0%€600.4m▲ 1.8%
Operating result€6.0m-€6.9m▲ 15.6%€14.8m▲ 114%€10.8m▼ 26.8%€8.3m▼ 22.8%€25.4m▲ 204%€22.8m▼ 10.1%€24.4m▲ 7.0%
Net result€3.8m-€4.7m▲ 21.6%€10.7mabove the sector's middle half▲ 129%€7.8mabove the sector's middle half▼ 27.5%€6.3mabove the sector's middle half▼ 19.5%€20.2mabove the sector's middle half▲ 223%€17.9mabove the sector's middle half▼ 11.2%€18.7mabove the sector's middle half▲ 4.4%
EBIT margin1.2%-1.4%▲ 0.2pp2.8%▲ 1.4pp2.1%▼ 0.8pp1.5%▼ 0.5pp4.3%▲ 2.8pp3.9%▼ 0.5pp4.1%▲ 0.2pp
Equity€55.7m-€60.4m▲ 8.4%€71.1mabove the sector's middle half▲ 17.8%€10.3mabove the sector's middle half▼ 85.5%€11.6mabove the sector's middle half▲ 12.3%€10.8mabove the sector's middle half▼ 6.7%€11.7mabove the sector's middle half▲ 8.6%€14.4mabove the sector's middle half▲ 23.4%
Total assets€120.0m-€120.2m▲ 0.1%€139.2mabove the sector's middle half▲ 15.8%€79.8mabove the sector's middle half▼ 42.7%€92.6mabove the sector's middle half▲ 16.1%€106.4mabove the sector's middle half▲ 14.9%€103.0mabove the sector's middle half▼ 3.2%€104.6mabove the sector's middle half▲ 1.6%
Debt€64.0m-€59.5m▼ 7.0%€67.6m▲ 13.5%€69.4m▲ 2.7%€81.1m▲ 16.7%€95.6m▲ 18.0%€91.2m▼ 4.6%€90.2m▼ 1.1%
Working capital-€29.4m--€30.8m▼ 5.0%-€20.0mbelow the sector's middle half▲ 35.1%-€9.4mbelow the sector's middle half▲ 53.0%-€6.5mbelow the sector's middle half▲ 30.5%-€5.8mbelow the sector's middle half▲ 10.8%-€2.6mbelow the sector's middle half▲ 55.4%€0.09mwithin the sector's middle half
Solvency46.4%-50.2%▲ 3.8pp51.1%within the sector's middle half▲ 0.8pp12.9%below the sector's middle half▼ 38.2pp12.5%below the sector's middle half▼ 0.4pp10.1%below the sector's middle half▼ 2.3pp11.4%below the sector's middle half▲ 1.2pp13.8%below the sector's middle half▲ 2.4pp
Current ratio0.54-0.48▼ 0.060.70below the sector's middle half▲ 0.220.86below the sector's middle half▲ 0.160.92below the sector's middle half▲ 0.050.94below the sector's middle half▲ 0.020.97below the sector's middle half▲ 0.031.00below the sector's middle half▲ 0.03
Return on assets (ROA)3.2%-3.9%▲ 0.7pp7.7%within the sector's middle half▲ 3.8pp9.7%within the sector's middle half▲ 2.0pp6.8%within the sector's middle half▼ 3.0pp19.0%above the sector's middle half▲ 12.2pp17.4%above the sector's middle half▼ 1.6pp17.9%above the sector's middle half▲ 0.5pp
Staff (FTE)901.9-951.8▲ 5.5%982.8above the sector's middle half▲ 3.3%1,029.9above the sector's middle half▲ 4.8%1,067.5above the sector's middle half▲ 3.7%1,065.3above the sector's middle half▼ 0.2%1,101.7above the sector's middle half▲ 3.4%1,126.7above the sector's middle half▲ 2.3%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104.6m
Fixed assets
€16.2m ▲ 3.3%
Current assets
€88.4m ▲ 1.3%
Equity and liabilities €104.6m
Equity
€14.4m ▲ 23.4%
Provisions
€471 ▼ 93.8%
Debt
€90.2m ▼ 1.1%
Debt's share of the balance-sheet total falls from 88.6% to 86.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29.5m▲
2024 · €28.3m
Cash flow
€23.8m▲
2024 · €23.5m
Quick ratio
0.76▲
2024 · 0.73
Debt to equity
6.24▼
2024 · 7.79
ROE
129.6%▼
2024 · 153.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€88.3m▼
2024 · €89.9m
Income taxes
€6.6m▲
2024 · €6.4m
Customer credit
1 day▲
2024 · 0 days
Supplier credit
36 days▼
2024 · 38 days
Staff costs
€66.0m▲
2024 · €63.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1,186 | 1,178 | 1,182 | 1,212 | 1,280 |
| full-time | 473 | 470 | 469 | 510 | 532 |
| part-time | 713 | 708 | 713 | 702 | 748 |
| in full-time equivalents | 1,053.6 | 1,039.9 | 1,065.3 | 1,084.5 | 1,130 |
| Average over the year, in full-time equivalents | 1,029.9 | 1,067.5 | 1,064.9 | 1,101.7 | 1,126.7 |
| On a permanent contract | 1,049 | 1,155 | 1,123 | 1,110 | 1,154 |
| Joined | 338 | 387 | 363 | 487 | 441 |
| Left | 312 | 354 | 359 | 457 | 373 |
| Agency workers, average number | 6.9 | 189.1 | 2.8 | 0.4 | 0.1 |
| Training hours | 22,269 | 20,581 | 20,225 | 19,784 | 52,282 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11.0m | €6.3m | €4.0m | €4.3m | €5.7m |
| Intangible fixed assets | €238,853 | €40,176 | €28,640 | €3,000 | - |
| Depreciation and write-downs of the year | €8.7m | €7.5m | €5.7m | €5.5m | €5.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €27,331 | €27,128 | €35,820 | €40,044 | €37,970 |
| Other work by the auditor | €750 | - | - | - | - |
| Work by persons linked to the auditor | €4,210 | - | €4,225 | €4,480 | €8,175 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €104,620 awarded · €104,620 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €4,754 | €16,003 |
| 2024 | 1 | €19,360 | €19,360 |
| 2023 | 1 | €29,937 | €29,937 |
| 2022 | 3 | €50,569 | €39,320 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €524.7m | €546.1m | €590.1m | €596.9m | €609.2m | ▲ 2.1% |
| Turnover70 | €491.7m | €490.3m | €519.9m | €519.4m | €540.0m | €583.7m | €589.6m | €600.4m | ▲ 1.8% |
| Other operating income74 | - | - | - | €5.2m | €5.8m | €6.2m | €7.1m | €8.7m | ▲ 22.3% |
| Non-recurring operating income76A | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.3% |
| Operating charges60/66A | - | - | - | €513.9m | €537.7m | €564.8m | €574.1m | €584.8m | ▲ 1.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €403.1m | €418.8m | €438.3m | €442.6m | €449.2m | ▲ 1.5% |
| Purchases600/8 | - | - | - | €404.4m | €419.5m | €437.0m | €439.2m | €449.3m | ▲ 2.3% |
| Change in stocks: decrease (increase)609 | - | - | - | -€1.4m | -€0.7m | €1.3m | €3.5m | -€0.1m | - |
| Services and other goods61 | - | - | - | €48.9m | €53.7m | €59.9m | €61.8m | €63.8m | ▲ 3.3% |
| Remuneration, social security and pensions62 | - | - | - | €53.2m | €57.6m | €60.6m | €63.8m | €66.0m | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10.5m | €13.9m | €13.2m | €8.7m | €7.5m | €5.7m | €5.5m | €5.1m | ▼ 7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.1m | €0.4m | ▲ 252% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.005m | -€0.01m | -€0.004m | €0.004m | -€0.007m | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 27.6% |
| Non-recurring operating charges66A | - | - | - | €0.007m | €0.01m | - | €0.002m | €0.04m | ▲ 18× |
| Operating profit (loss)9901 | €6.0m | €6.9m | €14.8m | €10.8m | €8.3m | €25.4m | €22.8m | €24.4m | ▲ 7.0% |
| Financial income75/76B | - | - | - | €0.006m | €0.09m | €1.4m | €1.6m | €0.9m | ▼ 40.8% |
| Recurring financial income75 | €330 | €41 | €0.009m | €0.006m | €0.09m | €1.4m | €1.6m | €0.9m | ▼ 40.8% |
| Income from financial fixed assets750 | - | - | - | - | €0.07m | - | - | - | - |
| Income from current assets751 | - | - | - | €0.001m | - | €0.001m | - | - | - |
| Other financial income752/9 | - | - | - | €0.005m | €0.02m | €1.4m | €1.6m | €0.9m | ▼ 40.8% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 80.3% |
| Recurring financial charges65 | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 80.3% |
| Debt charges650 | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 80.3% |
| Profit (loss) for the period before taxes9903 | €6.0m | €6.9m | €14.7m | €10.8m | €8.4m | €26.8m | €24.4m | €25.3m | ▲ 3.9% |
| Income taxes67/77 | €2.1m | €2.2m | €3.8m | €3.0m | €2.2m | €6.6m | €6.4m | €6.6m | ▲ 2.3% |
| Taxes670/3 | - | - | - | €3.1m | €2.2m | €6.6m | €6.4m | €6.6m | ▲ 2.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.07m | €0.05m | €0.06m | - | €0.003m | - |
| Profit (loss) for the period9904 | €3.8m | €4.7m | €10.7m | €7.8m | €6.3m | €20.2m | €17.9m | €18.7m | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €3.9m | €4.7m | €10.0m | €7.8m | €6.3m | €20.2m | €17.9m | €18.7m | ▲ 4.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €120.0m | €120.2m | €139.2m | €79.8m | €92.6m | €106.4m | €103.0m | €104.6m | ▲ 1.6% |
| Fixed assets21/28 | €85.8m | €91.7m | €92.3m | €19.9m | €18.6m | €16.9m | €15.7m | €16.2m | ▲ 3.3% |
| Intangible fixed assets21 | - | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 60.6% |
| Tangible fixed assets22/27 | €85.8m | €91.6m | €92.1m | €19.6m | €18.4m | €16.7m | €15.6m | €16.2m | ▲ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €11.4m | €10.4m | €10.3m | €9.6m | €10.6m | ▲ 10.9% |
| Furniture and vehicles24 | - | - | - | €1.7m | €1.2m | €0.7m | €0.7m | €0.5m | ▼ 29.4% |
| Other tangible fixed assets26 | - | - | - | €6.4m | €6.7m | €5.7m | €5.3m | €5.0m | ▼ 4.4% |
| Assets under construction and advance payments27 | - | - | - | €0.005m | - | €0.004m | €0.006m | €0.006m | = |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 18.3% |
| Other financial fixed assets284/8 | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 18.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 18.3% |
| Current assets29/58 | €34.2m | €28.5m | €46.9m | €59.9m | €74.0m | €89.5m | €87.3m | €88.4m | ▲ 1.3% |
| Stocks and contracts in progress3 | €24.3m | €20.4m | €24.9m | €26.2m | €27.0m | €25.6m | €22.0m | €21.7m | ▼ 1.5% |
| Stocks30/36 | - | - | - | €26.2m | €27.0m | €25.6m | €22.0m | €21.7m | ▼ 1.5% |
| Goods purchased for resale34 | - | - | - | €26.2m | €27.0m | €25.6m | €22.0m | €21.7m | ▼ 1.5% |
| Amounts receivable within one year40/41 | €4.3m | €2.5m | €2.3m | €1.1m | €39.1m | €53.1m | €58.5m | €60.0m | ▲ 2.6% |
| Trade receivables40 | - | - | - | €0.5m | €1.0m | €0.5m | €0.7m | €1.0m | ▲ 43.2% |
| Other amounts receivable41 | - | - | - | €0.6m | €38.1m | €52.6m | €57.8m | €59.0m | ▲ 2.1% |
| Cash at bank and in hand54/58 | €4.9m | €4.8m | €19.2m | €31.3m | €7.2m | €9.0m | €4.9m | €5.3m | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1.3m | €0.7m | €1.8m | €1.8m | €1.4m | ▼ 22.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €120.0m | €120.2m | €139.2m | €79.8m | €92.6m | €106.4m | €103.0m | €104.6m | ▲ 1.6% |
| Equity10/15 | €55.7m | €60.4m | €71.1m | €10.3m | €11.6m | €10.8m | €11.7m | €14.4m | ▲ 23.4% |
| Contributions10/11 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Capital10 | - | - | - | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Issued capital100 | - | - | - | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Reserves13 | €1.5m | €1.5m | €2.3m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Tax-exempt reserves132 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Profit (loss) carried forward14 | €49.2m | €53.8m | €63.8m | €4.9m | €6.0m | €5.2m | €6.2m | €8.9m | ▲ 44.2% |
| Investment grants15 | - | - | - | €0.007m | €0.01m | €0.04m | €0.03m | €0.04m | ▲ 26.6% |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.5m | €0.03m | €0.007m | €0.003m | €0.008m | €471 | ▼ 93.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.03m | €0.007m | €0.003m | €0.008m | €471 | ▼ 93.8% |
| Pensions and similar obligations160 | - | - | - | €0.03m | €0.007m | €0.003m | €0.008m | €471 | ▼ 93.8% |
| Amounts payable17/49 | €64.0m | €59.5m | €67.6m | €69.4m | €81.1m | €95.6m | €91.2m | €90.2m | ▼ 1.1% |
| Amounts payable within one year42/48 | €63.6m | €59.3m | €66.9m | €69.3m | €80.5m | €95.3m | €89.9m | €88.3m | ▼ 1.7% |
| Trade debts44 | €43.9m | €41.6m | €50.9m | €48.2m | €54.2m | €52.5m | €45.6m | €44.6m | ▼ 2.0% |
| Suppliers440/4 | - | - | - | €48.2m | €54.2m | €52.5m | €45.6m | €44.6m | ▼ 2.0% |
| Taxes, remuneration and social security45 | - | - | - | €16.0m | €16.0m | €19.3m | €19.8m | €20.8m | ▲ 5.3% |
| Taxes450/3 | - | - | - | €4.8m | €4.3m | €7.1m | €7.6m | €8.8m | ▲ 16.1% |
| Remuneration and social security454/9 | - | - | - | €11.2m | €11.8m | €12.2m | €12.2m | €12.0m | ▼ 1.4% |
| Other amounts payable47/48 | - | - | - | €5.1m | €10.3m | €23.5m | €24.5m | €22.9m | ▼ 6.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.5m | €0.3m | €1.4m | €1.9m | ▲ 35.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.8m | €4.7m | €10.7m | €7.8m | €6.3m | €20.2m | €17.9m | €18.7m | ▲ 4.4% |
| + Depreciation and write-downs630 | €10.5m | €13.9m | €13.2m | €8.7m | €7.5m | €5.7m | €5.5m | €5.1m | ▼ 7.4% |
| Operating cash flow (approximation) | €14.4m | €18.6m | €23.9m | €16.4m | €13.8m | €25.9m | €23.5m | €23.8m | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | -€19.8m | -€13.8m | €63.8m | -€6.3m | -€4.0m | -€4.3m | -€5.6m | ▼ 30.4% |
| Change in cash | - | -€0.1m | €14.4m | €12.1m | -€24.1m | €1.8m | -€4.1m | €0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 101 companies had the same profile as ALDI has now. Two years later, 97.0% were still going and 2.0% had gone bankrupt.
- Large
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
97.0%
was still going
1.0%
stopped otherwise
2.0%
went bankrupt
That fits the bankruptcy probability of ALDI itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 101 companies, not a prediction for ALDI. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 20-07-2026 | 2026-00344011 | |
| 31-12-2024 | full format | 01-07-2025 | 2025-00245647 | |
| 31-12-2023 | full format | 02-07-2024 | 2024-00209372 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00251116 | |
| 31-12-2021 | full format | 18-07-2022 | 2022-20194740 | |
| 31-12-2020 | full format | 11-10-2021 | 2021-71600177 | |
| 31-12-2019 | full format | 23-07-2020 | 2020-32900588 | |
| 31-12-2018 | full format | 08-07-2019 | 2019-30400342 | |
| 31-12-2017 | full format | 16-07-2018 | 2018-33600543 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-27700218 |