Summary
AltERcoop is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €196,376 and a net result of -€932. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 50% of 2464 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
31 d early
2023
24 d early
2022
24 d early
2021
25 d early
2020
11 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Genappe, Finance and insurance sector
Equity
€196,376▲ 54.3%
2024 · €127,307
Net result
-€932▲ 99.6%
2024 · -€229,010
Total assets
€387,772▲ 59.3%
2024 · €243,384
Solvency
50.6%▼ 1.7pp
2024 · 52.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,097-€1,183-€791▲ 33.2%-€230,168▼ 29,006%-€6,781▲ 97.1%
Net result-€667below the sector's middle half-€919below the sector's middle half▼ 37.8%€3,890within the sector's middle half-€229,010below the sector's middle half-€932below the sector's middle half▲ 99.6%
Equity€328,116above the sector's middle half▼ 3.9%€341,848above the sector's middle half▲ 4.2%€347,337above the sector's middle half▲ 1.6%€127,307within the sector's middle half▼ 63.3%€196,376within the sector's middle half▲ 54.3%
Total assets€386,482within the sector's middle half▼ 17.3%€390,455within the sector's middle half▲ 1.0%€393,987within the sector's middle half▲ 0.9%€243,384within the sector's middle half▼ 38.2%€387,772within the sector's middle half▲ 59.3%
Debt€58,366▼ 41.8%€48,607▼ 16.7%€46,649▼ 4.0%€116,076▲ 149%€191,396▲ 64.9%
Working capital€323,016above the sector's middle half▼ 29.6%€218,053above the sector's middle half▼ 32.5%€85,224within the sector's middle half▼ 60.9%€105,638within the sector's middle half▲ 24.0%€87,321within the sector's middle half▼ 17.3%
Solvency84.9%above the sector's middle half▲ 11.9pp87.6%above the sector's middle half▲ 2.7pp88.2%above the sector's middle half▲ 0.6pp52.3%within the sector's middle half▼ 35.9pp50.6%within the sector's middle half▼ 1.7pp
Current ratio94.19above the sector's middle half▲ 40.1135.06above the sector's middle half▼ 59.1311.34above the sector's middle half▼ 23.7334.32above the sector's middle half▲ 22.9824.66above the sector's middle half▼ 9.66
Return on assets (ROA)-0.2%below the sector's middle half▼ 7.3pp-0.2%below the sector's middle half▼ 0.1pp1.0%below the sector's middle half▲ 1.2pp-94.1%below the sector's middle half▼ 95.1pp-0.2%below the sector's middle half▲ 93.9pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,781 in 2025 against €230,168 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €387,772
Fixed assets
€296,760 ▲ 121%
Current assets
€91,012 ▼ 16.4%
Equity and liabilities €387,772
Equity
€196,376 ▲ 54.3%
Debt
€191,396 ▲ 64.9%
Debt's share of the balance-sheet total rises from 47.7% to 49.4%. Equity and debt are higher.
Key figures and ratios
ROE
-0.5%▲
2024 · -179.9%
Debt ≤ 1 year
€3,691▲
2024 · €3,170
Debt > 1 year
€184,000▲
2024 · €109,200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €756 | €3,528 | €3,528 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€25,960 | - | - | - | - | - |
| Other operating charges640/8 | €1,673 | €3,882 | €762 | €224,344 | €623 | ▼ 99.7% |
| Gross operating margin9900 | -€23,190 | €2,699 | €727 | -€2,296 | -€2,630 | ▼ 14.5% |
| Operating profit (loss)9901 | €1,097 | -€1,183 | -€791 | -€230,168 | -€6,781 | ▲ 97.1% |
| Financial income75/76B | €1,976 | €687 | €5,084 | €1,322 | €6,604 | ▲ 400% |
| Recurring financial income75 | €1,976 | €687 | €5,084 | €1,322 | €6,604 | ▲ 400% |
| Financial charges65/66B | €3,740 | €423 | €403 | €163 | €755 | ▲ 363% |
| Recurring financial charges65 | €3,740 | €423 | €403 | €163 | €755 | ▲ 363% |
| Profit (loss) for the period before taxes9903 | -€667 | -€919 | €3,890 | -€229,010 | -€932 | ▲ 99.6% |
| Profit (loss) for the period9904 | -€667 | -€919 | €3,890 | -€229,010 | -€932 | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | -€667 | -€919 | €3,890 | -€229,010 | -€932 | ▲ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,482 | €390,455 | €393,987 | €243,384 | €387,772 | ▲ 59.3% |
| Fixed assets21/28 | €60,000 | €166,000 | €300,519 | €134,575 | €296,760 | ▲ 121% |
| Intangible fixed assets21 | - | - | - | - | €4,845 | - |
| Tangible fixed assets22/27 | - | - | €34,519 | €33,575 | €30,048 | ▼ 10.5% |
| Other tangible fixed assets26 | - | - | €34,519 | €33,575 | €30,048 | ▼ 10.5% |
| Financial fixed assets28 | €60,000 | €166,000 | €266,000 | €101,000 | €261,868 | ▲ 159% |
| Current assets29/58 | €326,482 | €224,455 | €93,468 | €108,809 | €91,012 | ▼ 16.4% |
| Amounts receivable within one year40/41 | €2,993 | €2,632 | €9,377 | €4,430 | €5,489 | ▲ 23.9% |
| Trade receivables40 | €2,313 | €2,496 | €3,671 | €863 | €500 | ▼ 42.1% |
| Other amounts receivable41 | €680 | €136 | €5,706 | €3,567 | €4,989 | ▲ 39.9% |
| Current investments50/53 | - | €22,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €323,490 | €199,823 | €84,090 | €104,378 | €81,919 | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,604 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,482 | €390,455 | €393,987 | €243,384 | €387,772 | ▲ 59.3% |
| Equity10/15 | €328,116 | €341,848 | €347,337 | €127,307 | €196,376 | ▲ 54.3% |
| Contributions10/11 | €370,170 | €384,820 | €386,420 | €395,400 | €465,400 | ▲ 17.7% |
| Capital10 | €370,170 | €384,820 | €386,420 | €395,400 | €465,400 | ▲ 17.7% |
| Issued capital100 | €370,170 | €384,820 | €386,420 | €395,400 | €465,400 | ▲ 17.7% |
| Profit (loss) carried forward14 | -€42,054 | -€42,972 | -€39,083 | -€268,093 | -€269,024 | ▼ 0.3% |
| Amounts payable17/49 | €58,366 | €48,607 | €46,649 | €116,076 | €191,396 | ▲ 64.9% |
| Amounts payable after more than one year17 | €49,500 | €38,500 | €34,700 | €109,200 | €184,000 | ▲ 68.5% |
| Financial debts170/4 | €49,500 | €38,500 | €34,700 | €109,200 | €184,000 | ▲ 68.5% |
| Amounts payable within one year42/48 | €3,466 | €6,401 | €8,244 | €3,170 | €3,691 | ▲ 16.4% |
| Trade debts44 | €1,025 | €5,897 | €8,176 | €1,103 | €1,623 | ▲ 47.1% |
| Suppliers440/4 | €1,025 | €5,897 | €8,176 | €1,103 | €1,623 | ▲ 47.1% |
| Taxes, remuneration and social security45 | €2,374 | €437 | - | - | - | - |
| Taxes450/3 | €2,374 | €437 | - | - | - | - |
| Other amounts payable47/48 | €67 | €67 | €67 | €2,067 | €2,067 | = |
| Accrued charges and deferred income492/3 | €5,400 | €3,706 | €3,706 | €3,706 | €3,706 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€667 | -€919 | €3,890 | -€229,010 | -€932 | ▲ 99.6% |
| + Depreciation and write-downs630 | - | - | €756 | €3,528 | €3,528 | = |
| Operating cash flow (approximation) | -€667 | -€919 | €4,646 | -€225,482 | €2,596 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€106,000 | -€135,275 | €162,416 | -€165,713 | ▼ 202% |
| Change in cash | - | -€123,667 | -€115,732 | €20,288 | -€22,460 | ▼ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
26-05
State Gazette act
Resignation: Olivier Brouwer (director)Appointment: Jean Mangez (director)4 facts ▸
State Gazette act
Resignation: Olivier Brouwer (director)
Appointment: Jean Mangez (director)4 facts ▸
- General meeting, 15-04-2026
- Director resignation, Olivier Brouwer (director)
- Director appointment, Jean Mangez (director)
- Other statement, formulaire-mention recto
2025
31-12
Financial
Equity above €150,000Eq €196,376 ▲54.3%
Equity rises from €127,307 to €196,376.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€229,010
Net result drops to -€229,010, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 34.32
Current ratio from 11.34 to 34.32; short-term debt falls from €8,244 to €3,170.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,890
Net result €3,890 after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €33,203
Net result €33,203 after 2 loss-making years.
Show earlier events
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Liquidity times 6current ratio 55.89
Current ratio from 8.97 to 55.89; short-term debt falls from €23,029 to €3,402.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 162 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Jean Mangez
CurrentDirector · since 26-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2015
Ground area
374 m²
Building footprint
371 m²
Volume, LiDAR
2,535 m³
Parcel 25031A0556/00N000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ENERCOOP.BE
since 20152.246.109.927
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25031A0556/00N000 | Wallonia | 373 m² | 1 · 371 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean Mangez |
|
| Olivier Brouwer |
|
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
0.01%
-
4 shares
According to the 2025 annual accounts of AltERcoop and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 592 companies in sector 66300 we hold annual accounts for 366. 248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded24-07-2015
Fiscal year end31-12
Abbreviation FR
Enercoop.be
Activities, NACEBEL 2025
66300Activities auxiliary to financial services and insurance activities
Contact
E-mail
administration@altercoop.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634607454
Registered
07-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.