ALTACHEM
ActiveSummary
ALTACHEM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.70M and a net result of €2.71M. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 81% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-6
Solvency100=
Growth53▼-4
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 4.46 against 4.24 in 2024; short-term debt: 17.9% and cash: 0.1% of total assets), and 22.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
77.5%
Return on assets
19.6%
Age of the figures
9 mo
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
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
85 d early
2023
79 d early
2022
88 d early
2021
73 d early
2020
73 d early
2019
65 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€28.26M▼ 15.0%
2024 · €33.24M
2018: €22.76M
2019: €23.58M
2020: €25.14M
2021: €33.76M
2022: €30.89M
2023: €32.84M
2024: €33.24M
2018 → 2025
EBIT margin
12.6%▼ 3.8pp
2024 · 16.3%
2018: 11.7%
2019: 11.8%
2020: 14.9%
2021: 16.8%
2022: 11.7%
2023: 14.4%
2024: 16.3%
2018 → 2025
Net result
€2.71M▼ 36.0%
2024 · €4.23M
2018: €1.96M
2019: €1.95M
2020: €2.94M
2021: €4.45M
2022: €2.86M
2023: €3.73M
2024: €4.23M
2018 → 2025
Working capital
€8.55M▼ 21.1%
2024 · €10.84M
2018: €5.22M
2019: €7.36M
2020: €6.36M
2021: €6.86M
2022: €9.43M
2023: €9.64M
2024: €10.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€33.76M-€30.89M▼ 8.5%€32.84M▲ 6.3%€33.24M▲ 1.2%€28.26M▼ 15.0%
Equity€13.17M-€14.23M▲ 8.0%€13.96M▼ 1.9%€13.99M▲ 0.2%€10.70M▼ 23.5%
Operating result€5.67M-€3.60M▼ 36.5%€4.74M▲ 31.6%€5.43M▲ 14.7%€3.56M▼ 34.5%
Net result€4.45M-€2.86M▼ 35.8%€3.73M▲ 30.7%€4.23M▲ 13.3%€2.71M▼ 36.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.81M
Fixed assets
€2.79M ▼ 24.6%
Current assets
€11.02M ▼ 22.3%
Equity and liabilities €13.81M
Equity
€10.70M ▼ 23.5%
Provisions
€0 ▼ 100%
Debt
€3.11M ▼ 19.9%
Debt's share of the balance-sheet total rises from 21.7% to 22.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5.15M▼
2024 · €6.99M
Cash flow
€4.31M▼
2024 · €5.79M
Current ratio
4.46▲
2024 · 4.24
Quick ratio
3.22▲
2024 · 3.13
Debt to equity
0.29▲
2024 · 0.28
ROE
25.3%▼
2024 · 30.2%
ROA
19.6%▼
2024 · 23.7%
Interest coverage
235.79▼
2024 · 418.10
Debt ≤ 1 year
€2.47M▼
2024 · €3.34M
Income taxes
€1.06M▼
2024 · €1.55M
Staff costs
€2.59M▲
2024 · €2.56M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines
Balance sheet
Code20242025
Assets
Total assets20/58€17.89M€13.81M▼
Fixed assets21/28€3.70M€2.79M▼
Intangible fixed assets21€2.13M€1.11M▼
Tangible fixed assets22/27€1.56M€1.68M▲
Plant, machinery and equipment23€968k€1.09M▲
Furniture and vehicles24€46k€28k▼
Other tangible fixed assets26€156k€131k▼
Assets under construction and advance payments27€393k€425k▲
Financial fixed assets28€3k€3k=
Other financial fixed assets284/8€3k€3k=
Amounts receivable and cash guarantees285/8€3k€3k=
Current assets29/58€14.19M€11.02M▼
Stocks and contracts in progress3€3.73M€3.06M▼
Stocks30/36€3.73M€3.06M▼
Raw materials and consumables30/31€947k€686k▼
Finished goods33€530k€505k▼
Goods purchased for resale34€2.25M€1.87M▼
Amounts receivable within one year40/41€10.39M€7.87M▼
Trade receivables40€6.02M€4.63M▼
Other amounts receivable41€4.37M€3.24M▼
Cash at bank and in hand54/58€29k€7k▼
Deferred charges and accrued income490/1€42k€81k▲
Equity and liabilities
Total equity and liabilities10/49€17.89M€13.81M▼
Equity10/15€13.99M€10.70M▼
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Reserves13€8.99M€5.70M▼
Non-distributable reserves130/1€500k€500k=
Legal reserve130€500k€500k=
Distributable reserves133€8.49M€5.20M▼
Provisions and deferred taxes16€8k€0▼
Provisions for liabilities and charges160/5€8k€0▼
Other liabilities and charges164/5€8k€0▼
Amounts payable17/49€3.88M€3.11M▼
Amounts payable within one year42/48€3.34M€2.47M▼
Trade debts44€2.73M€1.74M▼
Suppliers440/4€2.73M€1.74M▼
Taxes, remuneration and social security45€615k€734k▲
Taxes450/3€172k€293k▲
Remuneration and social security454/9€443k€440k▼
Other amounts payable47/48€11€52▲
Accrued charges and deferred income492/3€538k€639k▲
Income statement
Code20242025
Operating income70/76A€33.55M€28.47M▼
Turnover70€33.24M€28.26M▼
Change in stocks of work in progress, finished goods and contracts in progress71€106k€-30k▼
Other operating income74€201k€244k▲
Non-recurring operating income76A€1k€80▼
Operating charges60/66A€28.12M€24.92M▼
Goods for resale, raw materials and consumables60€19.62M€16.66M▼
Purchases600/8€20.16M€15.99M▼
Change in stocks: decrease (increase)609€-538k€670k▲
Services and other goods61€4.33M€4.07M▼
Remuneration, social security and pensions62€2.56M€2.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.56M€1.60M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-29k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€8k€-8k▼
Other operating charges640/8€25k€29k▲
Non-recurring operating charges66A€3k€5k▲
Operating profit (loss)9901€5.43M€3.56M▼
Financial income75/76B€446k€308k▼
Recurring financial income75€446k€308k▼
Income from current assets751€190k€159k▼
Other financial income752/9€256k€148k▼
Financial charges65/66B€93k€101k▲
Recurring financial charges65€93k€101k▲
Debt charges650€17k€22k▲
Other financial charges652/9€76k€79k▲
Profit (loss) for the period before taxes9903€5.78M€3.76M▼
Income taxes67/77€1.55M€1.06M▼
Taxes670/3€1.55M€1.06M▼
Profit (loss) for the period9904€4.23M€2.71M▼
Profit (loss) for the period to be appropriated9905€4.23M€2.71M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.23M€2.71M▼
Transfer from equity791/2€4.20M€6.00M▲
From reserves792€4.20M€6.00M▲
Transfer to equity691/2€4.23M€2.71M▼
To other reserves6921€4.23M€2.71M▼
Profit to be distributed694/7€4.20M€6.00M▲
Return on contributions (dividend)694€4.20M€6.00M▲
Social balance
Average headcount (FTE)908726.826.9▲
The notes to these accounts (79 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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €4.45M ▲51.3%
Operating result €5.67M, net result €4.45M, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €1.95M ▼0.3%
Net result drops to €1.95M, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
26 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, Harelbeke · 1 establishment unit since 2008
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.
Generaal Deprezstraat 28530 HarelbekeGround area
10.0 ha
Building footprint
4.1 ha
Parcel 34322B0481/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
ALTACHEM
since 20082.175.260.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0481/00B000 | Flanders | 10.0 ha | 1 · 4.1 ha | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 544,372 EUR awarded · 29,136 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 515,236 EUR | 0 EUR |
| 2024 | 2 | 4,348 EUR | 4,348 EUR |
| 2023 | 1 | 14,788 EUR | 14,788 EUR |
| 2022 | 1 | 10,000 EUR | 10,000 EUR |
Schemes
Onderzoeksproject
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
549300K718TL4Z63S320
Similar companies · same sector, comparable size
AnalytiChem Belgium
BE 0450.795.622
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PVS CHEMICALS BELGIUM
BE 0461.104.445
Gent · Eq €11.38M
SOLVAY CHIMIE
BE 0408.249.541
Brussel · Eq €12.38M
DE NEEF CONSTRUCTION CHEMICALS
BE 0440.092.166
Heist-op-den-Berg · Eq €8.14M
HYDROMETAL
BE 0427.416.939
Engis · Eq €6.93M
Of 63 companies in sector 20130 we hold annual accounts for 45. 22 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
20130Manufacture of chemicals and chemical products
28140Manufacture of machinery and equipment not elsewhere classified
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.