ALTER RE
ActiveALTER RE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €12k. Equity is shrinking by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 8589 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+85
Solvency8▼-45
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.71 against 1.9 in 2024), and 95.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8589 sector peers (2025).
NBB · sector comparisonPosition among 8589 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-11-2025, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
on the day
2023
27 d late
2022
16 d late
2021
4 d late
2020
32 d early
2019
8 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€70k▼ 83.0%
2024 · €412k
2019: €977k
2020: €982k
2021: €400k
2022: €348k
2023: €410k
2024: €412k
2019 → 2025
Total assets
€1.65M▼ 7.0%
2024 · €1.77M
2019: €2.26M
2020: €2.39M
2021: €2.28M
2022: €1.90M
2023: €1.92M
2024: €1.77M
2019 → 2025
Net result
€12k▲ 435%
2024 · €2k
2019: €61k
2020: €4k
2021: €-22k
2022: €-52k
2023: €62k
2024: €2k
2019 → 2025
Working capital
€-164k
2024 · €204k
2019: €222k
2020: €400k
2021: €-194k
2022: €147k
2023: €203k
2024: €204k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€400k-€348k▼ 13.0%€410k▲ 17.8%€412k▲ 0.6%€70k▼ 83.0%
Operating result€17k-€-31k€123k€60k▼ 50.8%€131k▲ 116%
Net result€-22k-€-52k▼ 133%€62k€2k▼ 96.3%€12k▲ 435%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.24M▼ 7.2%
Current assets
€405k▼ 6.2%
Equity and liabilities €1.65M
Equity
€70k▼ 83.0%
Debt
€1.58M▲ 16.1%
The debt ratio rises from 76.7% to 95.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€244k▲
2024 · €176k
Cash flow
€126k▲
2024 · €118k
Solvency
4.3%▼
2024 · 23.3%
Current ratio
0.71▼
2024 · 1.90
Quick ratio
0.71▼
2024 · 1.90
Debt / equity
22.43▲
2024 · 3.29
ROE
17.6%▲
2024 · 0.6%
ROA
0.7%▲
2024 · 0.1%
Interest coverage
4.05▲
2024 · 2.89
Debt
€1.58M▲
2024 · €1.36M
Debt ≤ 1 year
€569k▲
2024 · €227k
Debt > 1 year
€982k▼
2024 · €1.10M
Income taxes
€21k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.65M▼
Fixed assets21/28€1.34M€1.24M▼
Tangible fixed assets22/27€1.34M€1.23M▼
Land and buildings22€1.32M€1.22M▼
Plant, machinery and equipment23€12k€8k▼
Furniture and vehicles24€5k€5k▼
Financial fixed assets28-€10k
Current assets29/58€432k€405k▼
Amounts receivable within one year40/41€194k€194k▼
Trade receivables40€108k€157k▲
Other amounts receivable41€86k€37k▼
Current investments50/53€135k€135k=
Cash at bank and in hand54/58€98k€74k▼
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.65M▼
Equity10/15€412k€70k▼
Contributions10/11€12k€12k=
Reserves13€470k€116k▼
Distributable reserves133€470k€116k▼
Profit (loss) carried forward14€-70k€-58k▲
Amounts payable17/49€1.36M€1.58M▲
Amounts payable after more than one year17€1.10M€982k▼
Financial debts170/4€670k€553k▼
Other amounts payable178/9€435k€428k▼
Amounts payable within one year42/48€227k€569k▲
Current portion of amounts payable after more than one year42€116k€116k=
Trade debts44€3k€15k▲
Suppliers440/4€3k€15k▲
Taxes, remuneration and social security45€31k€54k▲
Taxes450/3€31k€54k▲
Other amounts payable47/48€77k€383k▲
Accrued charges and deferred income492/3€25k€25k▼
Income statement
Code20242025
Non-recurring operating income76A-€103k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€113k▼
Other operating charges640/8€3k€9k▲
Gross operating margin9900€179k€254k▲
Operating profit (loss)9901€60k€131k▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€61k€100k▲
Recurring financial charges65€61k€60k▼
Non-recurring financial charges66B-€40k
Profit (loss) for the period before taxes9903€9k€33k▲
Income taxes67/77€7k€21k▲
Profit (loss) for the period9904€2k€12k▲
Profit (loss) for the period to be appropriated9905€2k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-58k▲
Profit (loss) brought forward from the previous period14P€-73k€-70k▲
Transfer from equity791/2-€354k
Profit to be distributed694/7-€354k
Return on contributions (dividend)694-€354k
The notes to these accounts (14 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
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
31-03
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
31-03
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.77 to 1.64; short-term debt falls from €833k to €228k.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 8 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anzegem · 1 establishment unit since 2007
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.
Lange Winterstraat 358570 AnzegemGround area
2,076 m²
Building footprint
176 m²
Volume, LiDAR
1,076 m³
Parcel 34002F0534/00F000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTER RE
since 20072.165.765.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002F0534/00F000 | Flanders | 2,076 m² | 1 · 176 m² | 8.8 m · 2 fl. |
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.
Similar companies · same sector, comparable size
DIMS
BE 0843.468.151
Brugge · Eq €70k
QUANTUMLEAP
BE 0889.705.576
Ukkel · Eq €70k
DB CONSEIL
BE 0804.350.031
Chaumont-Gistoux · Eq €70k
Okus Pokus
BE 1007.671.434
Leuven · Eq €70k
BEETOBE
BE 0736.480.121
Wemmel · Eq €70k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 39,522 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2007
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.