ALTEBRA

Active

Public limited companyfounded 199036 yrs activeHasseltkouter(Oph) 53, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0440.797.494

Summary

ALTEBRA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.2m and a net result of €13.0m. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare

ALTEBRAActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2025

59 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability56▼-22

Solvency46▼-15

Growth70=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,000,000 at 30 days acceptable

Liquidity short (current ratio 0.87 against 0.8 in 2024; short-term debt: 16.9% and cash: 3.7% of total assets), and 79.3% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.7%

Return on assets

7.9%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2062 sector peers (2025).

NBB · sector comparison

Position among 2062 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

23 d early

2024

15 d early

2023

35 d early

2022

27 d early

2021

31 d early

2020

32 d early

2020

19 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 6 June 1990, ALTEBRA was incorporated.¹ Revenue went from EUR 39 million in 2019 to EUR 61 million in 2025 and headcount from 47 to 101 full-time equivalents.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

In the rankings #1 company by total assets in Geraardsbergen #1 employer in Geraardsbergen, Construction sector #1 company by equity in Geraardsbergen, Construction sector

Turnover

€60.6m▲ 9.6%

2024 · €55.3m

EBIT margin

10.9%▼ 0.8pp

2024 · 11.7%

Net result

€13.0m▲ 96.3%

2024 · €6.6m

Working capital

-€3.5m▲ 35.8%

2024 · -€5.5m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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

Turnover€40.5m▲ 27.4%€56.2m▲ 38.8%€58.3m▲ 3.6%€55.3m▼ 5.1%€60.6m▲ 9.6%

Operating result€6.5m▲ 9.6%€5.7m▼ 12.8%€5.2m▼ 7.9%€6.5m▲ 23.7%€6.6m▲ 1.8%

Net result€7.2m▲ 54.5%€6.0m▼ 16.2%€5.6m▼ 7.7%€6.6m▲ 19.4%€13.0m▲ 96.3%

EBIT margin16.1%▼ 2.6pp10.1%▼ 6.0pp9.0%▼ 1.1pp11.7%▲ 2.7pp10.9%▼ 0.8pp

Equity€7.4m▲ 131%€11.4m▲ 54.5%€14.5m▲ 26.8%€21.1m▲ 45.9%€34.2m▲ 61.8%

Total assets€39.3m▲ 26.8%€43.2m▲ 9.9%€41.5m▼ 4.0%€58.5m▲ 41.0%€165.2m▲ 182%

Debt€31.9m▲ 14.8%€31.8m▼ 0.4%€27.0m▼ 15.1%€37.3m▲ 38.4%€130.9m▲ 251%

Working capital€2.5m▲ 29.0%€4.2m▲ 70.4%€4.9m▲ 15.8%-€5.5m-€3.5m▲ 35.8%

Solvency18.8%▲ 8.5pp26.4%▲ 7.6pp34.9%▲ 8.5pp36.1%▲ 1.2pp20.7%▼ 15.4pp

Staff (FTE)49.4▲ 13.3%57.1▲ 15.6%80.8▲ 41.5%91.7▲ 13.5%101.3▲ 10.5%

above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.

Why a figure moved sharply

2021 Net result +55% on 2020. The previous fiscal year ran 9 months, this one 12.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €165.2m

85.2%

14.8%

Fixed assets €140.8m ▲ 287%

Current assets €24.4m ▲ 10.0%

Equity and liabilities €165.2m

20.7%

79.2%

Equity €34.2m ▲ 61.8%

Provisions €134,126 ▲ 13.4%

Debt €130.9m ▲ 251%

Debt's share of the balance-sheet total rises from 63.7% to 79.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€7.1m▲

2024 · €6.8m

Cash flow

€13.5m▲

2024 · €7.0m

Current ratio

0.87▲

2024 · 0.80

Quick ratio

0.68▲

2024 · 0.64

Debt to equity

3.83▲

2024 · 1.77

ROE

38.2%▲

2024 · 31.5%

ROA

7.9%▼

2024 · 11.4%

Interest coverage

2.58▼

2024 · 9.89

Debt ≤ 1 year

€28.0m▲

2024 · €27.7m

Debt > 1 year

€102.0m▲

2024 · €9.0m

Income taxes

€1.2m▼

2024 · €1.6m

Staff costs

€9.1m▲

2024 · €7.6m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 96 lines

Balance sheet Code20242025

Assets

Total assets20/58€58.5m€165.2m▲

Fixed assets21/28€36.4m€140.8m▲

Intangible fixed assets21€463,734€453,853▼

Tangible fixed assets22/27€1.6m€1.9m▲

Plant, machinery and equipment23€407,002€403,914▼

Furniture and vehicles24€471,294€514,799▲

Other tangible fixed assets26€500,758€932,725▲

Assets under construction and advance payments27€210,000€0▼

Financial fixed assets28€34.3m€138.5m▲

Affiliated companies280/1€34.3m€138.5m▲

Participating interests280€34.3m€138.5m▲

Other financial fixed assets284/8€503€503=

Amounts receivable and cash guarantees285/8€503€503=

Current assets29/58€22.2m€24.4m▲

Stocks and contracts in progress3€4.3m€5.5m▲

Stocks30/36€1.8m€1.8m▲

Raw materials and consumables30/31€1.8m€1.8m▲

Contracts in progress37€2.6m€3.7m▲

Amounts receivable within one year40/41€12.6m€12.5m▼

Trade receivables40€11.8m€10.4m▼

Other amounts receivable41€822,732€2.1m▲

Cash at bank and in hand54/58€5.1m€6.2m▲

Deferred charges and accrued income490/1€160,937€180,121▲

Equity and liabilities

Total equity and liabilities10/49€58.5m€165.2m▲

Equity10/15€21.1m€34.2m▲

Contributions10/11€62,000€62,000=

Capital10€62,000€62,000=

Issued capital100€62,000€62,000=

Reserves13€21.1m€34.1m▲

Non-distributable reserves130/1€6,200€6,200=

Legal reserve130€6,200€6,200=

Tax-exempt reserves132€0-

Distributable reserves133€21.1m€34.1m▲

Provisions and deferred taxes16€118,265€134,126▲

Provisions for liabilities and charges160/5€118,265€134,126▲

Other liabilities and charges164/5€118,265€134,126▲

Amounts payable17/49€37.3m€130.9m▲

Amounts payable after more than one year17€9.0m€102.0m▲

Financial debts170/4€9.0m€63.9m▲

Subordinated loans170-€20.0m

Credit institutions173€7.2m€43.9m▲

Other loans174€1.8m-

Other amounts payable178/9-€38.2m

Amounts payable within one year42/48€27.7m€28.0m▲

Current portion of amounts payable after more than one year42€5.1m€4.6m▼

Financial debts43-€628,627

Credit institutions430/8-€628,627

Trade debts44€8.9m€6.5m▼

Suppliers440/4€8.9m€6.5m▼

Advances received on contracts in progress46€2.9m€2.6m▼

Taxes, remuneration and social security45€1.4m€1.4m▼

Taxes450/3€526,191€399,255▼

Remuneration and social security454/9€918,207€1.0m▲

Other amounts payable47/48€9.3m€12.3m▲

Accrued charges and deferred income492/3€546,522€946,954▲

Income statement Code20242025

Operating income70/76A€55.8m€62.1m▲

Turnover70€55.3m€60.6m▲

Change in stocks of work in progress, finished goods and contracts in progress71€62,899€1.1m▲

Own construction capitalised72€200,000€26,325▼

Other operating income74€255,157€389,538▲

Non-recurring operating income76A€13,067€18,510▲

Operating charges60/66A€49.3m€55.5m▲

Goods for resale, raw materials and consumables60€36.2m€40.2m▲

Purchases600/8€36.0m€40.4m▲

Change in stocks: decrease (increase)609€177,024-€205,317▼

Services and other goods61€3.9m€5.5m▲

Remuneration, social security and pensions62€7.6m€9.1m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€366,938€485,558▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,804€150,063▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€48,735€15,861▼

Other operating charges640/8€30,150€27,952▼

Non-recurring operating charges66A€1.2m€6,977▼

Operating profit (loss)9901€6.5m€6.6m▲

Financial income75/76B€2.6m€11.5m▲

Recurring financial income75€2.6m€11.5m▲

Income from financial fixed assets750€2.5m€11.4m▲

Income from current assets751€13,895€40,719▲

Other financial income752/9€44,101€24,445▼

Financial charges65/66B€823,672€3.9m▲

Recurring financial charges65€823,672€2.8m▲

Debt charges650€692,224€2.7m▲

Other financial charges652/9€131,448€7,883▼

Non-recurring financial charges66B-€1.1m

Profit (loss) for the period before taxes9903€8.2m€14.2m▲

Income taxes67/77€1.6m€1.2m▼

Taxes670/3€1.6m€1.2m▼

Tax adjustments and reversals of tax provisions77€2,760€27,664▲

Profit (loss) for the period9904€6.6m€13.0m▲

Transfer from tax-exempt reserves789€430,504€0▼

Profit (loss) for the period to be appropriated9905€7.1m€13.0m▲

Appropriation of the result

Profit (loss) to be appropriated9906€7.1m€13.0m▲

Transfer to equity691/2€7.1m€13.0m▲

To other reserves6921€7.1m€13.0m▲

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

Social balance

Average headcount (FTE)908791.7101.3▲

The notes to these accounts (118 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€43.1m	€58.4m	€55.8m	€55.8m	€62.1m	▲ 11.3%
Turnover70	€40.5m	€56.2m	€58.3m	€55.3m	€60.6m	▲ 9.6%
Change in stocks of work in progress, finished goods and contracts in progress71	€1.9m	€2.1m	-€2.8m	€62,899	€1.1m	▲ 1,660%
Own construction capitalised72	-	-	-	€200,000	€26,325	▼ 86.8%
Other operating income74	€631,219	€153,740	€294,071	€255,157	€389,538	▲ 52.7%
Non-recurring operating income76A	€42,587	€0	€21,459	€13,067	€18,510	▲ 41.7%
Operating charges60/66A	€36.5m	€52.7m	€50.5m	€49.3m	€55.5m	▲ 12.6%
Goods for resale, raw materials and consumables60	€30.6m	€46.1m	€41.1m	€36.2m	€40.2m	▲ 11.1%
Purchases600/8	€30.8m	€47.1m	€41.7m	€36.0m	€40.4m	▲ 12.3%
Change in stocks: decrease (increase)609	-€129,019	-€976,100	-€648,799	€177,024	-€205,317	▼ 216%
Services and other goods61	€1.6m	€2.3m	€3.3m	€3.9m	€5.5m	▲ 43.3%
Remuneration, social security and pensions62	€3.5m	€4.0m	€6.2m	€7.6m	€9.1m	▲ 19.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€186,076	€215,508	€415,475	€366,938	€485,558	▲ 32.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€599,549	€56,488	-€512,105	€2,804	€150,063	▲ 5,251%
Provisions for liabilities and charges: additions (uses and reversals)635/8	€422	€10,944	€27,713	€48,735	€15,861	▼ 67.5%
Other operating charges640/8	€18,055	€13,966	€34,184	€30,150	€27,952	▼ 7.3%
Non-recurring operating charges66A	€2,234	€1,315	€5,904	€1.2m	€6,977	▼ 99.4%
Operating profit (loss)9901	€6.5m	€5.7m	€5.2m	€6.5m	€6.6m	▲ 1.8%
Financial income75/76B	€2.6m	€2.1m	€2.1m	€2.6m	€11.5m	▲ 349%
Recurring financial income75	€2.6m	€2.1m	€2.1m	€2.6m	€11.5m	▲ 349%
Income from financial fixed assets750	€2.5m	€2.0m	€2.0m	€2.5m	€11.4m	▲ 357%
Income from current assets751	€14,987	€7,124	€35,581	€13,895	€40,719	▲ 193%
Other financial income752/9	€64,874	€100,382	€91,923	€44,101	€24,445	▼ 44.6%
Financial charges65/66B	€298,631	€353,567	€487,344	€823,672	€3.9m	▲ 371%
Recurring financial charges65	€298,631	€353,567	€487,344	€823,672	€2.8m	▲ 234%
Debt charges650	€254,218	€281,992	€421,658	€692,224	€2.7m	▲ 296%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651	€0	-	-	-	-	-
Other financial charges652/9	€44,413	€71,576	€65,686	€131,448	€7,883	▼ 94.0%
Non-recurring financial charges66B	-	-	-	-	€1.1m	-
Profit (loss) for the period before taxes9903	€8.8m	€7.4m	€6.9m	€8.2m	€14.2m	▲ 72.9%
Income taxes67/77	€1.6m	€1.4m	€1.3m	€1.6m	€1.2m	▼ 26.5%
Taxes670/3	€1.6m	€1.4m	€1.3m	€1.6m	€1.2m	▼ 24.9%
Tax adjustments and reversals of tax provisions77	-	-	-	€2,760	€27,664	▲ 902%
Profit (loss) for the period9904	€7.2m	€6.0m	€5.6m	€6.6m	€13.0m	▲ 96.3%
Transfer from tax-exempt reserves789	€498,200	€372,000	€665,976	€430,504	€0	▼ 100%
Profit (loss) for the period to be appropriated9905	€7.7m	€6.4m	€6.2m	€7.1m	€13.0m	▲ 84.4%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€39.3m	€43.2m	€41.5m	€58.5m	€165.2m	▲ 182%
Fixed assets21/28	€19.0m	€19.1m	€19.6m	€36.4m	€140.8m	▲ 287%
Intangible fixed assets21	€2,171	€79,215	€138,082	€463,734	€453,853	▼ 2.1%
Tangible fixed assets22/27	€820,368	€884,865	€1.3m	€1.6m	€1.9m	▲ 16.5%
Plant, machinery and equipment23	€90,444	€180,739	€286,580	€407,002	€403,914	▼ 0.8%
Furniture and vehicles24	€395,513	€391,338	€512,956	€471,294	€514,799	▲ 9.2%
Leasing and similar rights25	€159,095	€134,932	€0	-	-	-
Other tangible fixed assets26	€175,315	€177,856	€520,192	€500,758	€932,725	▲ 86.3%
Assets under construction and advance payments27	-	-	-	€210,000	€0	▼ 100%
Financial fixed assets28	€18.2m	€18.2m	€18.2m	€34.3m	€138.5m	▲ 304%
Affiliated companies280/1	€18.2m	€18.2m	€18.2m	€34.3m	€138.5m	▲ 304%
Participating interests280	€18.2m	€18.2m	€18.2m	€34.3m	€138.5m	▲ 304%
Other financial fixed assets284/8	€503	€503	€503	€503	€503	=
Amounts receivable and cash guarantees285/8	€503	€503	€503	€503	€503	=
Current assets29/58	€20.3m	€24.1m	€21.9m	€22.2m	€24.4m	▲ 10.0%
Stocks and contracts in progress3	€2.9m	€6.1m	€4.5m	€4.3m	€5.5m	▲ 27.3%
Stocks30/36	€276,775	€1.3m	€1.9m	€1.8m	€1.8m	▲ 5.6%
Raw materials and consumables30/31	€276,775	€1.3m	€1.9m	€1.8m	€1.8m	▲ 5.6%
Contracts in progress37	€2.7m	€4.8m	€2.5m	€2.6m	€3.7m	▲ 41.9%
Amounts receivable within one year40/41	€11.9m	€12.5m	€11.2m	€12.6m	€12.5m	▼ 0.5%
Trade receivables40	€8.5m	€9.7m	€10.0m	€11.8m	€10.4m	▼ 11.2%
Other amounts receivable41	€3.5m	€2.8m	€1.2m	€822,732	€2.1m	▲ 152%
Current investments50/53	€0	-	-	-	-	-
Other investments51/53	€0	-	-	-	-	-
Cash at bank and in hand54/58	€5.4m	€5.4m	€6.2m	€5.1m	€6.2m	▲ 21.3%
Deferred charges and accrued income490/1	€38,848	€148,490	€64,829	€160,937	€180,121	▲ 11.9%
Equity and liabilities
Total equity and liabilities10/49	€39.3m	€43.2m	€41.5m	€58.5m	€165.2m	▲ 182%
Equity10/15	€7.4m	€11.4m	€14.5m	€21.1m	€34.2m	▲ 61.8%
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	€7.3m	€11.4m	€14.4m	€21.1m	€34.1m	▲ 61.9%
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	€1.5m	€1.1m	€430,704	€0	-	-
Distributable reserves133	€5.9m	€10.3m	€14.0m	€21.1m	€34.1m	▲ 62.0%
Provisions and deferred taxes16	€30,872	€41,816	€69,529	€118,265	€134,126	▲ 13.4%
Provisions for liabilities and charges160/5	€30,872	€41,816	€69,529	€118,265	€134,126	▲ 13.4%
Other liabilities and charges164/5	€30,872	€41,816	€69,529	€118,265	€134,126	▲ 13.4%
Amounts payable17/49	€31.9m	€31.8m	€27.0m	€37.3m	€130.9m	▲ 251%
Amounts payable after more than one year17	€13.8m	€11.6m	€9.4m	€9.0m	€102.0m	▲ 1,028%
Financial debts170/4	€13.8m	€11.6m	€9.4m	€9.0m	€63.9m	▲ 606%
Subordinated loans170	-	-	-	-	€20.0m	-
Leasing and similar obligations172	€27,714	€0	-	-	-	-
Credit institutions173	€13.7m	€11.6m	€9.4m	€7.2m	€43.9m	▲ 506%
Other loans174	€0	-	-	€1.8m	-	-
Other amounts payable178/9	-	-	-	-	€38.2m	-
Amounts payable within one year42/48	€17.9m	€19.9m	€17.0m	€27.7m	€28.0m	▲ 0.9%
Current portion of amounts payable after more than one year42	€2.2m	€2.7m	€2.3m	€5.1m	€4.6m	▼ 10.8%
Financial debts43	-	-	-	-	€628,627	-
Credit institutions430/8	-	-	-	-	€628,627	-
Trade debts44	€6.6m	€9.2m	€6.4m	€8.9m	€6.5m	▼ 27.3%
Suppliers440/4	€6.6m	€9.2m	€6.4m	€8.9m	€6.5m	▼ 27.3%
Advances received on contracts in progress46	€1.8m	€973,699	€1.3m	€2.9m	€2.6m	▼ 11.5%
Taxes, remuneration and social security45	€491,824	€747,059	€1.1m	€1.4m	€1.4m	▼ 2.2%
Taxes450/3	€126,574	€299,762	€441,594	€526,191	€399,255	▼ 24.1%
Remuneration and social security454/9	€365,250	€447,297	€702,187	€918,207	€1.0m	▲ 10.3%
Other amounts payable47/48	€6.7m	€6.2m	€5.8m	€9.3m	€12.3m	▲ 31.9%
Accrued charges and deferred income492/3	€261,673	€304,388	€541,043	€546,522	€946,954	▲ 73.3%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€7.2m	€6.0m	€5.6m	€6.6m	€13.0m	▲ 96.3%
+ Depreciation and write-downs630	€186,076	€215,508	€415,475	€366,938	€485,558	▲ 32.3%
Operating cash flow (approximation)	€7.4m	€6.2m	€6.0m	€7.0m	€13.5m	▲ 93.0%
Investment in fixed assets (approximation)	-	-€357,049	-€909,204	-€17.1m	-€104.9m	▼ 513%
Change in cash	-	-€37,795	€779,128	-€1.1m	€1.1m	▲ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 17Financial 6Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-09

State Gazette act Reappointments: Sofindev Management NV, Sofindev V and Karel De Cock

Permanent representatives: Sven Vandewiele, Carlo Daelemans and Stefaan Devolder · Resignation: Sofindev V (director) · Appointment: Sofindev VI CommV (director)15 facts ▸

General meeting, 13-06-2025
Director reappointment, Sofindev Management NV (director)
Permanent representative, Sven Vandewiele (permanent representative)
Director reappointment, Sofindev V (director)
Permanent representative, Carlo Daelemans (permanent representative)
Director reappointment, Karel De Cock (director)
Declaration, De gekozen bestuurders aanvaarden hun mandaat en verklaren dat er geen maatregel bestaat die zich verzet tegen hun benoeming.
Board composition, Sofindev Management NV (director)
Board composition, Sofindev V (director)
Board composition, Karel De Cock (director)
Director resignation, Sofindev V (director)
Director appointment, Sofindev VI CommV (director)
+3 further facts in this act

08-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2019net €13.0m ▲96.3%

Net result €13.0m, the highest in the series.

31-12

Financial Equity above €25mEq €34.2m ▲61.8%

8 profitable years in a row build equity to €34.2m.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €10mEq €11.4m ▲54.5%

5 profitable years in a row build equity to €11.4m.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €5mEq €7.4m ▲131%

4 profitable years in a row build equity to €7.4m.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €4.7m ▼20.2%

Net result drops to €4.7m, the lowest in the series; recovery starts the following year.

Show earlier events

12-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema

31-03

Financial Equity above €10mEq €12.8m ▲30.3%

2 profitable years in a row build equity to €12.8m.

2019

08-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

12-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 12 days late

2017

13-11

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 13 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 16 acts read

About the unread acts

Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

under verification, last change in 2025

This board is reconstructed from a single act (26117048). 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

Karel De Cock

Director · since 13-06-2025

Current

SOFINDEV MANAGEMENT

Director · since 13-06-2025 · Public limited company · perm. rep.: Sven Vandewiele

Current

Sofindev VI

Director · since 26-06-2025 · Limited partnership

Current

Permanent representatives 1

Sven Vandewiele

Permanent representative · since 13-06-2025 · for SOFINDEV MANAGEMENT

Current

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

15 of this company's 16 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, Geraardsbergen · 3 establishment units since 2015

seat establishment All 3 establishment units on the map

Ground area

1.4 ha

Building footprint

2,916 m²

Volume, LiDAR

23,302 m³

3 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Altebra NV

Hasseltkouter(Oph) 53, 9500 GeraardsbergenOther construction installation

since 20152.247.578.486

ALTEBRA

Van Vaerenberghstraat 61, 2600 AntwerpenOther construction installation

since 20212.326.722.568

ALTEBRA

Donderslagweg 25, 3530 Houthalen-HelchterenOther construction installation

since 20262.386.529.008

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41053B0257/00B000	Flanders	7,400 m²	1 · 1,868 m²	10.4 m · 3 fl.
72452E1161/00S008	Flanders	6,029 m²	1 · 825 m²	9.6 m · 2 fl.
11003A0145/00B013	Flanders	623 m²	1 · 223 m²	9.2 m · 3 fl.

Linked by address, not proof of ownership

Good to know

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

4 people since 2025, 3 in office

All 4 In office 3 Ended 1

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Karel De Cock	Director, already before 13-06-2025 to date
SOFINDEV MANAGEMENT	Director, already before 13-06-2025 to date
Sofindev VI	Director, from 26-06-2025 to date
SOFINDEV V	Director, already before 13-06-2025 to 26-06-2025

See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 14 holdings · 7 subsidiaries in the tree

Chain of control

Altenova 100%
Studeco 100%
ALTEBRA

Highest known parent: Altenova. The sources do not say who stands above it.

Owners 2

Studecoparent

Sourceown accounts 2025 accounts Studeco 2025

100%
Altenova

Sourceaccounts Altenova 2025

0%+ 100% via subsidiaries

Holdings 14

Altebra Sprinklertechniek BVNLsubsidiary

Sourceown accounts 2025
Equity €2.5mResult €1.9m

100%
Altebra Sweden ABSEsubsidiary

Sourceown accounts 2025
Equity SEK 1.9mResult SEK 764,952

100%
ALTEBRA WAREGEMsubsidiary

Sourceown accounts 2025 accounts ALTEBRA WAREGEM 2025
Equity €2.7mResult €902,204

100%
FIRE CONCEPTsubsidiary

Sourceown accounts 2025 accounts FIRE CONCEPT 2025
Equity €1.6mResult €1.2m

100%
Pyronova s.r.o.SKsubsidiary

Sourceown accounts 2025
Equity €34.1mResult €12.8m

100%+ 0% via subsidiaries
Fire Concept FranceFR

Sourceown accounts 2025
Equity €155,372Result €35,312

0%+ 100% via subsidiaries
ILUVIA

Sourceown accounts 2025
Equity €174,040Result €50,517

0%+ 100% via subsidiaries
Pyronova IS Czechia s.r.o.CZ

Sourceown accounts 2025
Equity CZK 76.3mResult CZK 30.4m

0%+ 100% via subsidiaries
Pyronova IS D.O.O. VeternikRS

Sourceown accounts 2025
Equity -RSD 870,419Result -RSD 4.9m

0%+ 100% via subsidiaries
Pyronova IS Deutschland GmbHDE

Sourceown accounts 2025
Equity €679,540Result €371,730

0%+ 100% via subsidiaries

Show 4 more holdings

Pyronova IS Hungária KftHU

Sourceown accounts 2025
Equity HUF 2.45bnResult HUF 1.80bn

0%+ 100% via subsidiaries
Pyronova IS Romania srlRO

Sourceown accounts 2025
Equity RON 57.7mResult RON 36.2m

0%+ 100% via subsidiaries
Pyronova IS Slovakia s.r.o.SK

Sourceown accounts 2025
Equity €3.7mResult €2.4m

0%+ 100% via subsidiaries
TOV Pironova IC UkraïnaUA

Sourceown accounts 2025
Equity UAH 160,300Result UAH 0

0%+ 100% via subsidiaries

All subsidiaries, including indirect ones 7

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

Altebra Sprinklertechniek BVNL 100%
Altebra Sweden ABSE 100%
ALTEBRA WAREGEM 100%1 subsidiary
- ILUVIA 100%
FIRE CONCEPT 100%1 subsidiary
- FIRE CONCEPT FRANCEFR 100%
Pyronova s.r.o.SK 100%

According to the 2025 annual accounts of ALTEBRA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

4 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

Foodpartners International STAK

Shared corporate director

→

MEDIAGENIX GROUP

Shared corporate director

→

Polysto Group

Shared corporate director

→

Poppies Partners

Shared corporate director

→

Public money · subsidies and aid

Flemish government

2022 to 2024 · 7 entries · 11,226 EUR awarded · 11,337 EUR paid

Year	Entries	awarded	paid
2024	3	2,930 EUR	4,487 EUR
2023	2	2,957 EUR	4,775 EUR
2022	2	5,339 EUR	2,075 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 8,670 EUR · 8,781 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaams opleidingsverlof (VOV)

2 entries · 2,556 EUR · 2,556 EUR paid · Departement Werk en Sociale Economie

Werkbaarheidscheque (stopgezet)

2 entries · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

5 categories

ALTEBRA NV46328

category D16, class 7 · category P1, class 3 · category P2, class 1 · category P3, class 1 · category S1, class 1

decision 29-06-2026

Legal Entity Identifier

967600MWKJ3QP90X4228

live in the LEI register

Similar companies · same sector, comparable size

DE MEYER

BE 0872.222.812

Beveren-Kruibeke-Zwijndrecht · Eq €17.2m

VANSTRAELEN SPRINKLER + PIPING

Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 26 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

Founded06-06-1990

Fiscal year end31-12

Activities, NACEBEL 2025

43221Plumbing work

43240Other construction installation

28293Manufacture of machinery and equipment not elsewhere classified

33120Repair and maintenance of machinery

33200Installation of industrial machinery and equipment

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

43320Joinery installation

71121Engineering and related technical consultancy, excluding land surveyors

74999Other professional, scientific and technical activities

Contact

E-mail Finance@altebra.beGeraardsbergen

Phone 054 50 06 07Geraardsbergen

Fax 054 50 33 49Geraardsbergen

E-invoicing

Reachable via Peppol

Peppol ID 0208:0440797494

Also 9925:BE0440797494

Scores and ratios are computed by Checked and are not a credit decision.