ALTERATIO
ActiveALTERATIO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €69k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 2680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency86▼-14
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 3.85 in 2024; short-term debt: 38.7% and cash: 53.3% of total assets), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.3%
Return on assets
30.5%
Age of the figures
9 mo
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 d early
2024
7 d early
2023
28 d late
2022
on the day
2021
18 d early
2020
18 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€190k▲ 162%
2020 · €72k
2020: €72k
2020 → 2021
EBIT margin
17.2%▼ 16.5pp
2020 · 33.8%
2020: 33.8%
2020 → 2021
Net result
€69k▲ 161%
2024 · €26k
2020: €21k
2021: €19k
2022: €43k
2023: €31k
2024: €26k
2020 → 2025
Working capital
€138k▲ 31.6%
2024 · €105k
2020: €26k
2021: €46k
2022: €88k
2023: €91k
2024: €105k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€190k-
Equity€50k-€92k▲ 86.2%€104k▲ 12.0%€110k▲ 6.2%€139k▲ 26.4%
Operating result€33k-€59k▲ 81.6%€40k▼ 32.2%€38k▼ 6.1%€82k▲ 118%
Net result€19k-€43k▲ 127%€31k▼ 27.2%€26k▼ 15.0%€69k▲ 161%
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 recovers in 2025; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227k
Fixed assets
€1k▼ 79.6%
Current assets
€226k▲ 59.2%
Equity and liabilities €227k
Equity
€139k▲ 26.4%
Debt
€88k▲ 137%
The debt ratio rises from 25.1% to 38.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86k▲
2024 · €47k
Cash flow
€73k▲
2024 · €36k
Solvency
61.3%▼
2024 · 74.9%
Current ratio
2.57▼
2024 · 3.85
Quick ratio
2.57▼
2024 · 3.85
Debt / equity
0.63▲
2024 · 0.34
ROE
49.7%▲
2024 · 24.1%
ROA
30.5%▲
2024 · 18.0%
Interest coverage
623.70▼
2024 · 2098.86
Debt
€88k▲
2024 · €37k
Debt ≤ 1 year
€88k▲
2024 · €37k
Income taxes
€13k▲
2024 · €11k
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€147k€227k▲
Fixed assets21/28€5k€1k▼
Tangible fixed assets22/27€5k€1k▼
Furniture and vehicles24€5k€1k▼
Current assets29/58€142k€226k▲
Amounts receivable within one year40/41€60k€105k▲
Trade receivables40€29k€66k▲
Other amounts receivable41€31k€39k▲
Cash at bank and in hand54/58€82k€121k▲
Equity and liabilities
Total equity and liabilities10/49€147k€227k▲
Equity10/15€110k€139k▲
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Profit (loss) carried forward14€100k€129k▲
Amounts payable17/49€37k€88k▲
Amounts payable within one year42/48€37k€88k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€8k€16k▲
Taxes450/3€8k€16k▲
Other amounts payable47/48€20k€66k▲
Accrued charges and deferred income492/3€40-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€4k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€49k€88k▲
Operating profit (loss)9901€38k€82k▲
Financial income75/76B€42€45▲
Recurring financial income75€42€45▲
Financial charges65/66B€22€138▲
Recurring financial charges65€22€138▲
Profit (loss) for the period before taxes9903€38k€82k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€26k€69k▲
Profit (loss) for the period to be appropriated9905€26k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€169k▲
Profit (loss) brought forward from the previous period14P€94k€100k▲
Profit to be distributed694/7€20k€40k▲
Return on contributions (dividend)694€20k€40k▲
The notes to these accounts (3 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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €69k ▲161%
Operating result €82k, net result €69k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €100kEq €104k ▲12%
4 profitable years in a row build equity to €104k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.57
Current ratio from 2.14 to 5.57; short-term debt falls from €41k to €19k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €19k ▼9.6%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Aiseau-Presles · 1 establishment unit since 2020
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.
Rue du Panama(AI) 136250 Aiseau-PreslesGround area
2,076 m²
Building footprint
147 m²
Volume, LiDAR
815 m³
Parcel 52002A0024/00H012, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTERATIO
since 20202.300.887.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52002A0024/00H012 | Wallonia | 2,076 m² | 1 · 147 m² | 7.7 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
TIBALISE
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NOELIS
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TAMARINDE
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Softsuit
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VDCL
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Of 16,878 companies in sector 62100 we hold annual accounts for 8,776. 6,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2020
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
82990Other business support services
85592Vocational training
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.