ALTER
Annual accounts 2025
micro format, filed on 06-10-2026, 67 days late-€5,731
▼ €145,281
-€8,142
▼ €12,309
-€9,429
▼ €7,191
€2,452
▼ 75.9%
12.4%
▼ 51.9 percentage points
1.09
▼ 1.30
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €30,576 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
12.4%
Higher than 16% of 35,119 companies in 2025.
1.09
Higher than 25% of 34,493 companies in 2025.
-30.8%
Lower than 95% of 34,694 companies in 2025.
ALTER
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
30,576 | 20,555 | 355,104 | 187,888 | 107,916 | 47,354 | 27,242 | 24,416 | 35,032 | 46,087 | 27,969 | |
21/28 |
1,345 | 3,034 | 22,216 | 6,615 | 9,697 | 13,924 | 5,454 | 6,184 | 9,689 | 13,245 | 13,432 | |
22/27 |
1,345 | 3,034 | 22,216 | 6,615 | 9,697 | 13,924 | 4,974 | 6,184 | 9,689 | 13,245 | 13,432 | |
23 |
42 | 437 | 1,738 | 2,968 | 4,197 | 5,297 | 1,794 | 2,263 | 3,691 | 3,480 | 1,920 | |
24 |
1,303 | 2,597 | 20,478 | 3,647 | 5,500 | 8,627 | 3,180 | 3,921 | 5,998 | 9,765 | 11,512 | |
28 |
- | - | - | - | - | - | 480 | - | - | - | - | |
29/58 |
29,231 | 17,521 | 332,888 | 181,273 | 98,219 | 33,430 | 21,788 | 18,232 | 25,343 | 32,842 | 14,537 | |
3 |
7,272 | 0 | 183,151 | 21,253 | 44,645 | 3,684 | 7,922 | 6,489 | 7,021 | 11,262 | 2,591 | |
30/36 |
7,272 | - | 183,151 | 21,253 | 44,645 | 3,684 | 3,684 | 6,489 | 7,021 | 3,027 | 2,591 | |
37 |
- | 0 | - | - | - | - | 4,238 | - | - | 8,235 | - | |
40/41 |
7,730 | 7,542 | 144,471 | 160,020 | 50,910 | 27,342 | 10,848 | 10,943 | 17,822 | 1,619 | 6,580 | |
40 |
5,528 | 7,528 | 134,290 | 156,184 | 38,918 | 18,010 | 7,829 | 9,548 | 12,516 | - | 6,502 | |
41 |
2,202 | 14 | 10,180 | 3,836 | 11,992 | 9,331 | 3,019 | 1,395 | 5,306 | 1,619 | 78 | |
54/58 |
8,320 | 8,455 | 2,878 | - | 2,566 | 2,292 | 2,298 | - | 500 | 19,961 | 5,171 | |
490/1 |
5,910 | 1,524 | 2,388 | - | 98 | 113 | 720 | 800 | - | - | 195 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
30,576 | 20,555 | 355,104 | 187,888 | 107,916 | 47,354 | 27,242 | 24,416 | 35,032 | 46,087 | 27,969 | |
10/15 |
3,797 | 13,226 | 15,464 | 38,340 | 20,785 | 2,870 | 11,020 | 3,328 | 77 | 19,970 | 13,485 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | |
13 |
10,167 | 10,167 | 10,167 | 10,167 | 10,167 | 10,167 | 10,166 | 10,100 | 10,035 | 9,970 | 3,485 | |
130/1 |
- | - | 0 | 499 | 499 | 499 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 499 | 499 | 499 | 499 | 174 | |
1311 |
- | - | 0 | 499 | 499 | 499 | - | - | - | - | - | |
132 |
197 | 197 | 197 | 197 | 197 | 197 | 196 | 130 | 65 | - | - | |
133 |
9,970 | 9,970 | 9,970 | 9,472 | 9,472 | 9,472 | 9,471 | 9,471 | 9,471 | 9,471 | 3,311 | |
14 |
-16,370 | -6,941 | -4,703 | 18,173 | 618 | -17,297 | -9,146 | -16,772 | -19,958 | - | - | |
17/49 |
26,780 | 7,329 | 339,641 | 149,548 | 87,131 | 44,485 | 16,222 | 21,088 | 34,955 | 26,117 | 14,484 | |
17 |
- | - | - | - | - | - | - | 472 | 3,248 | 5,924 | 8,505 | |
170/4 |
- | - | - | - | - | - | - | 472 | 3,248 | 5,924 | 8,505 | |
42/48 |
26,780 | 7,329 | 339,641 | 149,327 | 87,131 | 44,485 | 16,222 | 20,616 | 31,707 | 20,193 | 5,979 | |
42 |
- | - | - | - | - | - | 473 | 2,775 | 2,676 | 2,581 | 2,489 | |
43 |
- | 0 | 14,934 | 9,867 | 10,687 | 14,783 | - | 1,893 | 4,432 | - | - | |
430/8 |
- | 0 | 14,934 | 9,867 | 10,687 | 14,783 | - | 1,893 | 4,432 | - | - | |
44 |
9,940 | 6,841 | 49,653 | 33,724 | 46,241 | 28,452 | 7,852 | 2,817 | 2,907 | 3,731 | 108 | |
440/4 |
9,940 | 6,841 | 49,653 | 33,724 | 46,241 | 28,452 | 7,852 | 2,817 | 2,907 | 3,731 | 108 | |
46 |
- | 0 | 17,371 | 17,371 | 17,371 | - | - | - | - | - | - | |
45 |
- | 0 | 55 | 2,815 | 4,135 | 59 | 7,897 | 10,521 | 15,373 | 13,748 | 2,319 | |
450/3 |
- | 0 | 55 | 2,815 | 4,135 | 59 | 713 | 323 | 5,304 | 7,623 | 2,319 | |
454/9 |
- | - | - | - | - | - | 7,184 | 10,198 | 10,069 | 6,125 | - | |
47/48 |
16,840 | 488 | 257,629 | 85,550 | 8,697 | 1,191 | - | 2,610 | 6,319 | 133 | 1,063 | |
492/3 |
- | - | 0 | 221 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||
9900 |
-5,731 | 139,551 | -13,466 | 29,863 | 25,582 | 10,456 | 64,692 | 56,330 | 31,831 | 44,286 | 11,500 | |
62 |
- | - | - | - | - | 5,334 | 48,946 | 45,207 | 44,857 | 26,506 | - | |
630 |
1,689 | 3,363 | 5,213 | 3,082 | 4,654 | 4,319 | 5,035 | 5,393 | 5,195 | 4,867 | 4,384 | |
631/4 |
0 | 122,795 | - | - | - | - | - | - | - | - | - | |
640/8 |
722 | 909 | 1,300 | 1,507 | 614 | 7,235 | 1,243 | 1,475 | 622 | 753 | 324 | |
66A |
0 | 8,316 | - | - | - | - | - | - | - | - | - | |
9901 |
-8,142 | 4,167 | -19,979 | 25,274 | 20,313 | -6,431 | 9,468 | 4,255 | -18,843 | 12,160 | 6,792 | |
75/76B |
25 | 60 | 13 | 77 | - | 15 | 136 | 1 | 127 | 76 | 81 | |
75 |
25 | 60 | 13 | 77 | - | 15 | 136 | 1 | 127 | 76 | 81 | |
65/66B |
1,312 | 6,465 | 2,907 | 3,775 | 2,398 | 1,737 | 1,826 | 933 | 1,090 | 446 | 1,069 | |
65 |
1,312 | 6,465 | 2,907 | 3,775 | 2,398 | 1,737 | 1,826 | 933 | 1,090 | 446 | 1,069 | |
9903 |
-9,429 | -2,238 | -22,872 | 21,576 | 17,915 | -8,153 | 7,778 | 3,323 | -19,806 | 11,790 | 5,804 | |
67/77 |
- | - | 4 | 4,022 | - | - | 86 | 72 | 87 | 5,305 | 2,319 | |
9904 |
-9,429 | -2,238 | -22,876 | 17,555 | 17,915 | -8,153 | 7,692 | 3,251 | -19,893 | 6,485 | 3,485 | |
689 |
- | - | - | - | - | - | 66 | 65 | 65 | - | - | |
9905 |
-9,429 | -2,238 | -22,876 | 17,555 | 17,915 | -8,153 | 7,626 | 3,186 | -19,958 | 6,485 | 3,485 | |
| Appropriation of the result | ||||||||||||
9906 |
-16,370 | -6,941 | -4,703 | 18,173 | 618 | -17,297 | -9,146 | -16,772 | -19,958 | 6,485 | 3,485 | |
14P |
-6,941 | -4,703 | 18,173 | 618 | -17,297 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 6,485 | 3,485 | |
6920 |
- | - | - | - | - | - | - | - | - | 324 | 174 | |
6921 |
- | - | - | - | - | - | - | - | - | 6,161 | 3,311 | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | 0.1 | 1 | 1 | 1 | 1 | - | |
Hours worked1013 |
- | - | - | - | - | 166 | 1,756 | 1,750 | 1,782 | 1,426 | - | |
| Document | ||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 67 days after the deadline. Filed on 6 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548256.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-10-2026 | 2026-00548256 | |
| 31-12-2024 | micro format | 07-06-2026 | 2026-00141679 | |
| 31-12-2023 | micro format | 04-11-2024 | 2024-00528483 | |
| 31-12-2022 | micro format | 16-08-2023 | 2023-00332732 | |
| 31-12-2021 | abbreviated format | 13-12-2022 | 2022-20537269 | |
| 31-12-2020 | micro format | 17-12-2021 | 2021-80600165 | |
| 31-12-2019 | micro format | 27-02-2020 | 2020-05900509 | |
| 31-12-2018 | micro format | 13-06-2019 | 2019-18300167 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20600513 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29100327 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25500176 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6,453 | 7,530 | -14,766 | 28,356 | 24,967 | -2,112 | 14,503 | 9,648 | -13,648 | 17,027 | 11,176 | ||
| -7,740 | 1,125 | -17,663 | 20,637 | 22,570 | -3,834 | 12,727 | 8,644 | -14,698 | 11,352 | 7,869 | ||
| 0 | 2,796 | 20,814 | 0 | 427 | 13,269 | 4,305 | 1,888 | 1,639 | 4,680 | 17,816 | ||
| -135 | 5,577 | - | - | 274 | -6 | - | - | -19,461 | 14,790 | - | ||
| 2,452 | 10,192 | -6,753 | 31,945 | 11,088 | -11,054 | 5,566 | -2,384 | -6,364 | 12,649 | 8,558 | ||
| 12.4% | 64.3% | 4.4% | 20.4% | 19.3% | 6.1% | 40.5% | 13.6% | 0.2% | 43.3% | 48.2% | ||
| 1.09 | 2.39 | 0.98 | 1.21 | 1.13 | 0.75 | 1.34 | 0.88 | 0.80 | 1.63 | 2.43 | ||
| 0.82 | 2.39 | 0.44 | 1.07 | 0.61 | 0.67 | 0.85 | 0.57 | 0.58 | 1.07 | 2.00 | ||
| 7.05 | 0.55 | 21.96 | 3.90 | 4.19 | 15.50 | 1.47 | 6.34 | - | 1.31 | 1.07 | ||
| -248.3% | -16.9% | -147.9% | 45.8% | 86.2% | -284.1% | 69.8% | 97.7% | - | 32.5% | 25.8% | ||
| -30.8% | -10.9% | -6.4% | 9.3% | 16.6% | -17.2% | 28.2% | 13.3% | -56.8% | 14.1% | 12.5% | ||
| -4.92 | 1.16 | -5.08 | 7.51 | 10.41 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,796 | €20,814 | - | €427 |
| Financial fixed assets | €0 | - | - | - | - |
| €1,689 | €3,363 | €5,213 | €3,082 | €4,654 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ALTER
The operating result for 2025 is a loss of €8,142, after a profit of €4,167 in 2024.
Debt's share of the balance-sheet total rises from 35.7% to 87.6%. Equity is lower and debt is higher.