ALTERNATIEF
ActiveThe annual accounts of ALTERNATIEF for fiscal year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €28k and a net result of €-77k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 17% of 7740 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency32▼-26
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.27 against 2.11 in 2024; short-term debt: 56.9% and cash: 4.7% of total assets), and 93% 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-19.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-77k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7740 sector peers (2025).
NBB · sector comparisonPosition among 7740 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
2 d late
2022
66 d early
2021
30 d late
2020
30 d late
2019
31 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▼ 73.7%
2024 · €105k
2018: €27k
2019: €105k
2020: €93k
2021: €105k
2022: €139k
2023: €132k
2024: €105k
2018 → 2025
Total assets
€396k▲ 22.9%
2024 · €322k
2018: €116k
2019: €205k
2020: €180k
2021: €118k
2022: €145k
2023: €176k
2024: €322k
2018 → 2025
Net result
€-77k▲ 48.9%
2024 · €-152k
2018: €-21k
2019: €28k
2020: €-52k
2021: €12k
2022: €34k
2023: €-7k
2024: €-152k
2018 → 2025
Working capital
€-164k
2024 · €97k
2018: €-36k
2019: €96k
2020: €84k
2021: €105k
2022: €139k
2023: €131k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€139k▲ 32.3%€132k▼ 5.1%€105k▼ 20.2%€28k▼ 73.7%
Operating result€10k-€31k▲ 203%€-10k€-139k▼ 1,239%€-52k▲ 62.5%
Net result€12k-€34k▲ 184%€-7k€-152k▼ 2,050%€-77k▲ 48.9%
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 stays negative: a loss of €52k in 2025 against €139k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396k
Fixed assets
€335k▲ 142%
Current assets
€62k▼ 66.5%
Equity and liabilities €396k
Equity
€28k▼ 73.7%
Debt
€369k▲ 69.5%
The debt ratio rises from 67.4% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▲
2024 · €-133k
Cash flow
€-43k▲
2024 · €-145k
Solvency
7.0%▼
2024 · 32.6%
Current ratio
0.27▼
2024 · 2.11
Quick ratio
0.27▼
2024 · 2.11
Debt / equity
13.36▲
2024 · 2.07
ROE
-280.9%▼
2024 · -144.4%
ROA
-19.6%▲
2024 · -47.0%
Interest coverage
-0.69▲
2024 · -10.72
Debt
€369k▲
2024 · €217k
Debt ≤ 1 year
€225k▲
2024 · €87k
Debt > 1 year
€120k▼
2024 · €130k
Staff costs
€69k▲
2024 · €28k
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€322k€396k▲
Fixed assets21/28€138k€335k▲
Intangible fixed assets21€129k€300k▲
Tangible fixed assets22/27€9k€35k▲
Furniture and vehicles24€5k€31k▲
Other tangible fixed assets26€4k€4k▼
Current assets29/58€184k€62k▼
Amounts receivable within one year40/41€47k€43k▼
Trade receivables40€16k€42k▲
Other amounts receivable41€31k€1k▼
Cash at bank and in hand54/58€137k€19k▼
Equity and liabilities
Total equity and liabilities10/49€322k€396k▲
Equity10/15€105k€28k▼
Contributions10/11€285k€285k=
Profit (loss) carried forward14€-180k€-257k▼
Amounts payable17/49€217k€369k▲
Amounts payable after more than one year17€130k€120k▼
Financial debts170/4€130k€120k▼
Amounts payable within one year42/48€87k€225k▲
Current portion of amounts payable after more than one year42-€65k
Trade debts44€54k€95k▲
Suppliers440/4€54k€95k▲
Taxes, remuneration and social security45€6k€17k▲
Taxes450/3€283€762▲
Remuneration and social security454/9€6k€17k▲
Other amounts payable47/48€27k€48k▲
Accrued charges and deferred income492/3-€23k
Income statement
Code20242025
Remuneration, social security and pensions62€28k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€34k▲
Other operating charges640/8€2k€630▼
Gross operating margin9900€-103k€52k▲
Operating profit (loss)9901€-139k€-52k▲
Financial income75/76B€60€690▲
Recurring financial income75€60€690▲
Financial charges65/66B€12k€26k▲
Recurring financial charges65€12k€26k▲
Profit (loss) for the period before taxes9903€-152k€-77k▲
Profit (loss) for the period9904€-152k€-77k▲
Profit (loss) for the period to be appropriated9905€-152k€-77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-180k€-257k▼
Profit (loss) brought forward from the previous period14P€-28k€-180k▼
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-152k
Net result drops to €-152k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €34k ▲184%
Operating result €31k, net result €34k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 24.16
Current ratio from 9.25 to 24.16; short-term debt falls from €13k to €6k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 9.25
Current ratio from 2.24 to 9.25; short-term debt falls from €68k to €13k.
31-12
Financial
Equity above €100kEq €105k ▲12.8%
Equity rises from €93k to €105k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.34
Current ratio from 0.59 to 2.34; short-term debt falls from €89k to €72k.
31-12
Financial
Equity above €100kEq €105k ▲289%
Equity rises from €27k to €105k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-11-2023
Mattheus Tim: Resigned as Director
01-03-2021
Carine Stordeur: Resigned as Director
11-06-2018
Mattheus Rudi: Resigned as Manager
Location & real-estate footprint
Registered office, Haaltert · 1 establishment unit since 2016
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.
Houtmarkt(HA) 429450 HaaltertGround area
728 m²
Building footprint
106 m²
Volume, LiDAR
652 m³
Parcel 41024B0778/00N000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Alternatief
since 20162.260.177.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B0778/00N000 | Flanders | 728 m² | 1 · 106 m² | 10.4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 49,381 EUR awarded · 36,881 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 24,381 EUR | 12,500 EUR |
| 2024 | 1 | 0 EUR | 11,881 EUR |
| 2023 | 1 | 25,000 EUR | 12,500 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
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Of 11,225 companies in sector 82100 we hold annual accounts for 3,511. 2,391 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2016
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.