ALINTER
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 36 filings
Turnover
≈ €1.1m
Estimated: probably between €940,000 and €1.6m
Total assets
€8.3m▼ 3.9%
2024 · €8.6m
Net result
€74,257▼ 68.8%
2024 · €237,723
Working capital
-€2.6m▼ 25.4%
2024 · -€2.1m
In the rankings
#3 oldest company in Herent, Administrative and support services sector#6 company by total assets in Herent, Administrative and support services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€298,388
▼ 40.7%
2025
20182025
Net result
€74,257
▼ 68.8%
2025
middle half of the sector
20182025
Equity
€405,337
=
2025
middle half of the sector
20182025
Total assets
€8.3m
▼ 3.9%
2025
highest quarter of the sector
20182025
Debt
€7.8m
▼ 4.1%
2025
20182025
Working capital
-€2.6m
▼ 25.4%
2025
lowest quarter of the sector
20182025
Solvency
4.9%
▲ 0.2pp
2025
lowest quarter of the sector
20182025
Current ratio
0.03
▼ 0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.9%
▼ 1.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m=€0.1m▲ 1.6%-€174€0.02m€0.5m▲ 24×€0.5m▲ 11.5%€0.3m▼ 40.7%
Net result€0.2m-€0.02m▼ 91.6%€0.2mabove the sector's middle half▲ 11×-€0.007mbelow the sector's middle half€0.007mwithin the sector's middle half€0.2mabove the sector's middle half▲ 38×€0.2mabove the sector's middle half▼ 4.0%€0.07mwithin the sector's middle half▼ 68.8%
Equity€1.0m-€1.0m▲ 1.7%€1.1mabove the sector's middle half▲ 8.4%€1.1mabove the sector's middle half▼ 0.6%€1.1mabove the sector's middle half▲ 0.6%€0.4mabove the sector's middle half▼ 63.5%€0.4mabove the sector's middle half=€0.4mwithin the sector's middle half=
Total assets€1.8m-€1.7m▼ 4.7%€1.6mabove the sector's middle half▼ 4.6%€3.4mabove the sector's middle half▲ 107%€6.6mabove the sector's middle half▲ 98.3%€7.3mabove the sector's middle half▲ 9.8%€8.6mabove the sector's middle half▲ 17.6%€8.3mabove the sector's middle half▼ 3.9%
Debt€0.8m-€0.7m▼ 12.9%€0.5m▼ 24.3%€2.2m▲ 339%€5.5m▲ 146%€6.9m▲ 24.5%€8.2m▲ 18.6%€7.8m▼ 4.1%
Working capital€0.05m--€0.1m-€0.4mbelow the sector's middle half▼ 146%-€0.5mbelow the sector's middle half▼ 50.1%-€0.9mbelow the sector's middle half▼ 71.1%-€1.7mbelow the sector's middle half▼ 89.9%-€2.1mbelow the sector's middle half▼ 19.7%-€2.6mbelow the sector's middle half▼ 25.4%
Solvency56.5%-60.2%▲ 3.7pp68.4%within the sector's middle half▲ 8.2pp32.9%within the sector's middle half▼ 35.5pp16.7%within the sector's middle half▼ 16.2pp5.6%below the sector's middle half▼ 11.2pp4.7%below the sector's middle half▼ 0.8pp4.9%below the sector's middle half▲ 0.2pp
Current ratio1.19-0.60▼ 0.590.24below the sector's middle half▼ 0.360.01below the sector's middle half▼ 0.230.10below the sector's middle half▲ 0.090.06below the sector's middle half▼ 0.030.07below the sector's middle half▲ 0.010.03below the sector's middle half▼ 0.04
Return on assets (ROA)11.1%-1.0%▼ 10.1pp11.5%within the sector's middle half▲ 10.5pp-0.2%below the sector's middle half▼ 11.7pp0.1%within the sector's middle half▲ 0.3pp3.4%within the sector's middle half▲ 3.3pp2.8%within the sector's middle half▼ 0.6pp0.9%within the sector's middle half▼ 1.9pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 41% lower than in 2024.
Large changes and their cause
- 2025 Net result -69% on 2024. The accounts now follow the abbreviated format, last year the micro format.
- 2023 Net result +3,658% on 2022. Merger absorbing A.B.A. INVESTMENT, effective 31-10-2022, in the previous financial year. That operation now counts for a full year for the first time. Absorption by Kids, proposed with effect from 31-10-2022, in the previous financial year. That operation now counts for a full year for the first time.
- 2022 Total assets +98% on 2021. Merger absorbing A.B.A. INVESTMENT, effective 31-10-2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets
€8.2m ▼ 3.0%
Current assets
€68,863 ▼ 53.8%
Equity and liabilities €8.3m
Equity
€405,337 =
Debt
€7.8m ▼ 4.1%
Debt's share of the balance-sheet total falls from 95.3% to 95.1%. Debt is lower.
Key figures and ratios
EBITDA
€575,596▼
2024 · €780,178
Cash flow
€351,465▼
2024 · €514,931
Debt to equity
19.36▼
2024 · 20.18
ROE
18.3%▼
2024 · 58.6%
Interest coverage
2.89▼
2024 · 4.31
Debt ≤ 1 year
€2.6m▲
2024 · €2.2m
Debt > 1 year
€5.2m▼
2024 · €6.0m
Income taxes
€24,805▼
2024 · €84,096
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.0m | €3.4m | €2.3m | €1.5m | - |
| Depreciation and write-downs of the year | €175,193 | €242,353 | €277,208 | €277,208 | €277,208 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,381 | €25,381 | €25,381 | €25,381 | €25,381 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €175,193 | €242,353 | €277,208 | €277,208 | €277,208 | = |
| Other operating charges640/8 | - | - | - | €270 | €5,341 | €8,990 | - | €180,012 | - |
| Gross operating margin9900 | €107,509 | €107,710 | €109,167 | €175,289 | €266,531 | €737,162 | €780,178 | €755,608 | ▼ 3.1% |
| Operating profit (loss)9901 | €107,501 | €107,450 | €109,167 | -€174 | €18,836 | €450,964 | €502,969 | €298,388 | ▼ 40.7% |
| Financial income75/76B | - | - | - | - | €99,457 | €79 | - | - | - |
| Recurring financial income75 | €100,000 | - | €87,323 | - | €99,457 | €79 | - | - | - |
| Financial charges65/66B | - | - | - | €6,766 | €111,705 | €154,495 | €181,150 | €199,325 | ▲ 10.0% |
| Recurring financial charges65 | €9,506 | €13,937 | €9,986 | €6,766 | €111,705 | €154,495 | €181,150 | €199,325 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €197,995 | €24,344 | €186,504 | -€6,940 | €6,588 | €296,547 | €321,819 | €99,063 | ▼ 69.2% |
| Income taxes67/77 | €21 | €7,687 | - | - | - | €48,980 | €84,096 | €24,805 | ▼ 70.5% |
| Profit (loss) for the period9904 | €197,974 | €16,657 | €186,504 | -€6,940 | €6,588 | €247,567 | €237,723 | €74,257 | ▼ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €197,974 | €16,657 | €186,504 | -€6,940 | €6,588 | €247,567 | €237,723 | €74,257 | ▼ 68.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.7m | €1.6m | €3.4m | €6.6m | €7.3m | €8.6m | €8.3m | ▼ 3.9% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €3.3m | €6.6m | €7.2m | €8.4m | €8.2m | ▼ 3.0% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.6m | €2.4m | €5.6m | €7.2m | €8.4m | €8.2m | ▼ 3.0% |
| Land and buildings22 | - | - | - | €1.8m | €5.0m | €6.5m | €7.8m | €7.5m | ▼ 3.6% |
| Other tangible fixed assets26 | - | - | - | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 3.8% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | - | - | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.1m | €0.004m | €0.09m | €0.1m | €0.1m | €0.07m | ▼ 53.8% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.1m | €4 | €0.09m | €0.09m | €0.1m | €0.07m | ▼ 53.2% |
| Trade receivables40 | - | - | - | - | €0.03m | - | €0.003m | - | - |
| Other amounts receivable41 | - | - | - | €4 | €0.07m | €0.09m | €0.1m | €0.07m | ▼ 52.3% |
| Cash at bank and in hand54/58 | €0.05m | €0.08m | €0.001m | €0.004m | - | €0.009m | €0.009m | €0.003m | ▼ 63.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.01m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.6m | €3.4m | €6.6m | €7.3m | €8.6m | €8.3m | ▼ 3.9% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €0.4m | €0.4m | €0.4m | = |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | - | - | - | -€0.007m | -€352 | - | - | - | - |
| Amounts payable17/49 | €0.8m | €0.7m | €0.5m | €2.2m | €5.5m | €6.9m | €8.2m | €7.8m | ▼ 4.1% |
| Amounts payable after more than one year17 | €0.5m | €0.3m | €0.05m | €1.7m | €4.5m | €5.1m | €6.0m | €5.2m | ▼ 12.9% |
| Financial debts170/4 | - | - | - | €1.7m | €4.4m | €4.8m | €5.8m | €5.2m | ▼ 9.5% |
| Other amounts payable178/9 | - | - | - | €0.04m | €0.1m | €0.2m | €0.2m | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.5m | €0.5m | €1.0m | €1.8m | €2.2m | €2.6m | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 3.1% |
| Financial debts43 | - | - | - | - | - | €0.07m | €0.03m | €0.03m | ▲ 18.7% |
| Other loans439 | - | - | - | - | - | €0.07m | €0.03m | €0.03m | ▲ 18.7% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | - | €0.07m | €0.1m | ▲ 101% |
| Suppliers440/4 | - | - | - | €0.3m | €0.4m | - | €0.07m | €0.1m | ▲ 101% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.04m | - | - |
| Taxes450/3 | - | - | - | - | - | - | €0.04m | - | - |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.4m | €1.3m | €1.5m | €1.9m | ▲ 25.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.02m | €0.2m | -€0.007m | €0.007m | €0.2m | €0.2m | €0.07m | ▼ 68.8% |
| + Depreciation and write-downs630 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | = |
| Operating cash flow (approximation) | €0.2m | €0.02m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.4m | ▼ 31.7% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.03m | -€2.0m | -€3.4m | -€0.9m | -€1.5m | -€0.03m | ▲ 98.3% |
| Change in cash | - | €0.03m | -€0.08m | €0.002m | - | - | -€17 | -€0.006m | ▼ 33,477% |
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, 208 companies had the same profile as ALINTER has now. Two years later, 99.0% were still going and 0.5% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
99.0%
was still going
0.0%
stopped otherwise
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALINTER itself: 0.2% 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 208 companies, not a prediction for ALINTER. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-07-2026 | 2026-00281059 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00299306 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00283184 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00220170 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20238945 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49600586 | |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53200293 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-38300105 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37800597 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28700557 |