ALTER
ActiveSummary
ALTER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▲+4
Solvency89▲+60
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.39 against 0.98 in 2023; short-term debt: 35.7% and cash: 41.1% of total assets), and 35.7% 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+raises risk
raises risk · 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.3%
Return on assets
-10.9%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-2k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-06-2026, 311 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
311 d late
2023
96 d late
2022
16 d late
2021
135 d late
2020
139 d late
2019
155 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 14.5%
2023 · €15k
2018: €3k
2019: €11k
2020: €3k
2021: €21k
2022: €38k
2023: €15k
2018 → 2024
Total assets
€21k▼ 94.2%
2023 · €355k
2018: €24k
2019: €27k
2020: €47k
2021: €108k
2022: €188k
2023: €355k
2018 → 2024
Net result
€-2k▲ 90.2%
2023 · €-23k
2018: €3k
2019: €8k
2020: €-8k
2021: €18k
2022: €18k
2023: €-23k
2018 → 2024
Working capital
€10k
2023 · €-7k
2018: €-2k
2019: €6k
2020: €-11k
2021: €11k
2022: €32k
2023: €-7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€21k▲ 624%€38k▲ 84.5%€15k▼ 59.7%€13k▼ 14.5%
Operating result€-6k-€20k€25k▲ 24.4%€-20k€4k
Net result€-8k-€18k€18k▼ 2.0%€-23k€-2k▲ 90.2%
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 2024: €4k after a loss of €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21k
Fixed assets
€3k ▼ 86.3%
Current assets
€18k ▼ 94.7%
Equity and liabilities €21k
Equity
€13k ▼ 14.5%
Debt
€7k ▼ 97.8%
Debt's share of the balance-sheet total falls from 95.6% to 35.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2023 · €-15k
Cash flow
€1k▲
2023 · €-18k
Current ratio
2.39▲
2023 · 0.98
Debt to equity
0.55▼
2023 · 21.96
ROE
-16.9%▲
2023 · -147.9%
ROA
-10.9%▼
2023 · -6.4%
Interest coverage
1.16▲
2023 · -5.08
Debt ≤ 1 year
€7k▼
2023 · €340k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€355k€21k▼
Fixed assets21/28€22k€3k▼
Tangible fixed assets22/27€22k€3k▼
Plant, machinery and equipment23€2k€437▼
Furniture and vehicles24€20k€3k▼
Current assets29/58€333k€18k▼
Stocks and contracts in progress3€183k€0▼
Stocks30/36€183k-
Contracts in progress37-€0
Amounts receivable within one year40/41€144k€8k▼
Trade receivables40€134k€8k▼
Other amounts receivable41€10k€14▼
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€355k€21k▼
Equity10/15€15k€13k▼
Contributions10/11€10k€10k=
Reserves13€10k€10k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€197€197=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-5k€-7k▼
Amounts payable17/49€340k€7k▼
Amounts payable within one year42/48€340k€7k▼
Financial debts43€15k€0▼
Credit institutions430/8€15k€0▼
Trade debts44€50k€7k▼
Suppliers440/4€50k€7k▼
Advances received on contracts in progress46€17k€0▼
Taxes, remuneration and social security45€55€0▼
Taxes450/3€55€0▼
Other amounts payable47/48€258k€488▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€123k
Other operating charges640/8€1k€909▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€-13k€140k▲
Operating profit (loss)9901€-20k€4k▲
Financial income75/76B€13€60▲
Recurring financial income75€13€60▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-23k€-2k▲
Income taxes67/77€4-
Profit (loss) for the period9904€-23k€-2k▲
Profit (loss) for the period to be appropriated9905€-23k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-7k▼
Profit (loss) brought forward from the previous period14P€18k€-5k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 311 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.39
Current ratio from 0.98 to 2.39; short-term debt falls from €340k to €7k.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Weakest financial yearnet €-23k ▼230%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 135 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Willebroek · 1 establishment unit since 2015
Ground area
1,260 m²
Building footprint
368 m²
Volume, LiDAR
3,668 m³
2 parcels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Alter
since 20152.238.340.920
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0817/00H000 | Flanders | 634 m² | 1 · 228 m² | 15.8 m · 4 fl. |
| 12342C0216/00R008 | Flanders | 626 m² | 1 · 139 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,293 companies in sector 43350 we hold annual accounts for 2,363. 1,568 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 formPrivate limited company
Founded07-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sales@alterconstruct.com
Phone:0491879001