Equity
€139,084 ▲ 26.4%
ALTERATIO paid out €40,000 in dividends. That is 58% of the 2025 profit.
ALTERATIO
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €88,466 (2025)
€88,466▲ 81.5%
Resultpeak €69,087 (2025)
€69,087▲ 161%
Equitypeak €139,084 (2025)
€139,084▲ 26.4%
Debts
€87,650▲ 137%
Board2 names since 2020
1 directorKARA OMER FARUK
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €48,740 to €88,466Result from €26,468 to €69,087Dividend €40,000Equity from €109,997 to €139,084Debts from €36,907 to €87,650Cash from €81,513 to €120,827
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The accounts state no turnover.
Debts
€87,650 ▲ 137%
Debts rose by €50,743 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
2.57 was 3.85 in 2024
Short-term debts rose from €36,868 to €87,650.
Filings
6 annual accounts 1 late
The 2023 accounts came 28 days late. The other five were filed on time.
Board
1 joined
New director. Latest change 10-09-2026 · 2 in office.
Checked score
96
Excellent
Financially stronger than 68% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,917 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.57, cash €120,827
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €226,734
Equity €139,084 (61.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 53% of them on solvency, 66% on liquidity, 82% on profitability and 70% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as ALTERATIO has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ALTERATIO itself is lower: < 0.1% within 12 months. It rests on far more data about ALTERATIO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for ALTERATIO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (3.85 in 2024), above the usual 1.5. Short-term debt is 38.7% and cash 53.3% of total assets. 38.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 days early
2024
7 days early
2023
28 days late
2022
on the day
2021
18 days early
2020
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 3 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Kamil KARA (director)
General meeting of 09-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0745680669
First establishment
Rue du Panama 13, Aiseau-Presles
Incorporation
published on 31-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ALTERATIO Aiseau-Presles | €226,734 | €88,466 | 61.3% | - |
| EVOLUTION SOFTWARE CONSULTING Aiseau-Presles | €241,218 | €92,342 | 2.1% | - |
| DIGITALIFE Brunehaut | €234,533 | €87,854 | 23.6% | - |
| MANINI SOLUTIONS Braine-le-Comte | €212,627 | €91,140 | 15.6% | - |
| TILLEUL.BE Chièvres | €189,830 | €94,984 | 71.3% | - |
| M DO-IT Fosses-la-Ville | €222,308 | €92,028 | 48.0% | - |
| RC-Technologies Hove | €230,977 | €92,698 | 20.0% | - |
These companies have the same main activity as ALTERATIO: computer programming (NACE 62100). They are comparable in size and age: total assets between €190,000 and €241,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 27-03-2020Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.300.887.9066250 Aiseau-Presles, since 01-04-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 30-04-2025
Annual accounts 2025
- Total assets
- €226,734▲ 54.3%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on ALTERATIO
ALTERATIO files the abbreviated format. That format states no turnover. The gross margin rose from €26,651 in 2020 to €88,466 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALTERATIO
- What is the company number of ALTERATIO?
- The company number of ALTERATIO is 0745.680.669. The VAT number is the same number with BE in front: BE 0745.680.669.
- Where is ALTERATIO based?
- The registered office is at Rue du Panama 13, 6250 Aiseau-Presles.Company details
- What does ALTERATIO do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of ALTERATIO?
- ALTERATIO is a private limited company (BV).
- When was ALTERATIO founded?
- ALTERATIO was founded on 27-03-2020.
- Is ALTERATIO still active?
- Yes, ALTERATIO is an active enterprise in the KBO register.
- What is the turnover of ALTERATIO?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €88,466 and 41 comparable companies (NACE 62100). It probably lies between €170,000 and €260,000. In financial year 2021 turnover was €189,655.Financials
- Is ALTERATIO profitable?
- In financial year 2025, ALTERATIO made a profit of €69,087.
- Where can I find the annual accounts of ALTERATIO?
- ALTERATIO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALTERATIO due?
- ALTERATIO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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