ALTERVET
ActiveSummary
ALTERVET has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,389) and a net result of €7,262. Equity is shrinking by ~48.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 245 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+85
Solvency1▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.41 in 2024; short-term debt: 109.9% and cash: 7.4% of total assets), and equity is negative.
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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 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer bankruptcies
← 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
-24.3%
Return on assets
13.2%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 245 sector peers (2025).
NBB · sector comparisonPosition among 245 sector peers
Solvency
better than 5%
← 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
2 d early
2023
30 d late
2022
66 d late
2021
31 d late
2020
87 d late
2019
31 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 39 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% 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 31 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
-€13,389▲ 35.2%
2024 · -€20,651
Total assets
€55,041▼ 10.4%
2024 · €61,424
Net result
€7,262
2024 · -€17,753
Working capital
-€26,599▲ 44.9%
2024 · -€48,311
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 75, Veterinary 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-€14,775▼ 82.7%€5,942-€3,134-€16,511▼ 427%€8,114
Net result-€17,154below the sector's middle half▼ 63.7%€3,556below the sector's middle half-€4,589below the sector's middle half-€17,753below the sector's middle half▼ 287%€7,262below the sector's middle half
Equity-€1,865below the sector's middle half€1,691below the sector's middle half-€2,898below the sector's middle half-€20,651below the sector's middle half▼ 613%-€13,389below the sector's middle half▲ 35.2%
Total assets€100,151below the sector's middle half▼ 40.3%€102,855below the sector's middle half▲ 2.7%€101,817below the sector's middle half▼ 1.0%€61,424below the sector's middle half▼ 39.7%€55,041below the sector's middle half▼ 10.4%
Debt€102,016▼ 33.1%€101,164▼ 0.8%€104,715▲ 3.5%€82,075▼ 21.6%€68,431▼ 16.6%
Working capital-€2,552below the sector's middle half▼ 2,872%€4,692within the sector's middle half€13,119within the sector's middle half▲ 180%-€48,311below the sector's middle half-€26,599below the sector's middle half▲ 44.9%
Solvency-1.9%below the sector's middle half▼ 11.0pp1.6%below the sector's middle half▲ 3.5pp-2.8%below the sector's middle half▼ 4.5pp-33.6%below the sector's middle half▼ 30.8pp-24.3%below the sector's middle half▲ 9.3pp
Current ratio0.94below the sector's middle half▼ 0.061.09within the sector's middle half▲ 0.161.25within the sector's middle half▲ 0.150.41below the sector's middle half▼ 0.840.56below the sector's middle half▲ 0.15
Return on assets (ROA)-17.1%below the sector's middle half▼ 10.9pp3.5%below the sector's middle half▲ 20.6pp-4.5%below the sector's middle half▼ 8.0pp-28.9%below the sector's middle half▼ 24.4pp13.2%within the sector's middle half▲ 42.1pp
Staff (FTE)1▲ 900%0.1▼ 90.0%1.5within the sector's middle half▲ 1,400%1.5=1.4within the sector's middle half▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €8,114 after a loss of €16,511 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,041
Fixed assets
€21,126 ▼ 25.5%
Current assets
€33,916 ▲ 2.6%
Key figures and ratios
EBITDA
€15,345▲
2024 · -€9,280
Cash flow
€14,493▲
2024 · -€10,522
Quick ratio
0.21▲
2024 · 0.17
Debt to equity
-5.11▼
2024 · -3.97
Interest coverage
14.71▲
2024 · -7.47
Debt ≤ 1 year
€60,515▼
2024 · €81,378
Staff costs
€44,329▲
2024 · €38,511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,178 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €395 | €891 | €113 | €65 | ▼ 42.5% |
| Remuneration, social security and pensions62 | €25,588 | €29,681 | €44,630 | €38,511 | €44,329 | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,958 | €12,958 | €12,958 | €7,231 | €7,231 | = |
| Other operating charges640/8 | €611 | €274 | €3 | €590 | €314 | ▼ 46.8% |
| Non-recurring operating charges66A | - | €543 | €881 | €4,826 | €1,154 | ▼ 76.1% |
| Gross operating margin9900 | €24,382 | €49,398 | €55,338 | €34,647 | €61,142 | ▲ 76.5% |
| Operating profit (loss)9901 | -€14,775 | €5,942 | -€3,134 | -€16,511 | €8,114 | ▲ 149% |
| Financial income75/76B | €0 | €7 | €156 | €0 | €191 | ▲ 381,480% |
| Recurring financial income75 | €0 | €7 | €156 | €0 | €191 | ▲ 381,480% |
| Financial charges65/66B | €2,379 | €2,394 | €1,611 | €1,242 | €1,043 | ▼ 16.0% |
| Recurring financial charges65 | €2,379 | €2,394 | €1,611 | €1,242 | €1,043 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | -€17,154 | €3,556 | -€4,589 | -€17,753 | €7,262 | ▲ 141% |
| Profit (loss) for the period9904 | -€17,154 | €3,556 | -€4,589 | -€17,753 | €7,262 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | -€17,154 | €3,556 | -€4,589 | -€17,753 | €7,262 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,151 | €102,855 | €101,817 | €61,424 | €55,041 | ▼ 10.4% |
| Fixed assets21/28 | €61,547 | €48,589 | €35,631 | €28,357 | €21,126 | ▼ 25.5% |
| Tangible fixed assets22/27 | €61,504 | €48,546 | €35,587 | €28,357 | €21,126 | ▼ 25.5% |
| Plant, machinery and equipment23 | €59,486 | €47,537 | €35,587 | €28,357 | €21,126 | ▼ 25.5% |
| Furniture and vehicles24 | €2,018 | €1,009 | - | - | - | - |
| Financial fixed assets28 | €43 | €43 | €43 | - | - | - |
| Current assets29/58 | €38,604 | €54,266 | €66,187 | €33,067 | €33,916 | ▲ 2.6% |
| Stocks and contracts in progress3 | €21,881 | €39,442 | €41,630 | €18,889 | €21,273 | ▲ 12.6% |
| Stocks30/36 | €21,881 | €39,442 | €41,630 | €18,889 | €21,273 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €5,667 | €4,669 | €7,198 | €2,626 | €6,156 | ▲ 134% |
| Trade receivables40 | €5,503 | €4,669 | €7,198 | €2,626 | €6,156 | ▲ 134% |
| Other amounts receivable41 | €165 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €9,134 | €7,732 | €14,459 | €5,336 | €4,090 | ▼ 23.4% |
| Deferred charges and accrued income490/1 | €1,921 | €2,423 | €2,899 | €6,216 | €2,397 | ▼ 61.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,151 | €102,855 | €101,817 | €61,424 | €55,041 | ▼ 10.4% |
| Equity10/15 | -€1,865 | €1,691 | -€2,898 | -€20,651 | -€13,389 | ▲ 35.2% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Outside capital11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Other1109/19 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€101,865 | -€98,309 | -€102,898 | -€120,651 | -€113,389 | ▲ 6.0% |
| Amounts payable17/49 | €102,016 | €101,164 | €104,715 | €82,075 | €68,431 | ▼ 16.6% |
| Amounts payable after more than one year17 | €44,861 | €30,590 | €15,647 | €696 | - | - |
| Financial debts170/4 | €44,861 | €30,590 | €15,647 | €696 | - | - |
| Amounts payable within one year42/48 | €41,156 | €49,574 | €53,068 | €81,378 | €60,515 | ▼ 25.6% |
| Current portion of amounts payable after more than one year42 | €14,270 | €14,270 | €14,607 | €15,866 | - | - |
| Trade debts44 | €10,448 | €13,171 | €13,430 | €6,115 | €4,562 | ▼ 25.4% |
| Suppliers440/4 | €10,448 | €13,171 | €13,430 | €6,115 | €4,562 | ▼ 25.4% |
| Taxes, remuneration and social security45 | €8,417 | €7,281 | €10,199 | €9,785 | €9,516 | ▼ 2.8% |
| Taxes450/3 | €2,923 | €2,984 | €4,462 | €3,606 | €1,387 | ▼ 61.5% |
| Remuneration and social security454/9 | €5,494 | €4,298 | €5,737 | €6,179 | €8,129 | ▲ 31.6% |
| Other amounts payable47/48 | €8,020 | €14,851 | €14,832 | €49,612 | €46,437 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | €16,000 | €21,000 | €36,000 | - | €7,916 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,154 | €3,556 | -€4,589 | -€17,753 | €7,262 | ▲ 141% |
| + Depreciation and write-downs630 | €12,958 | €12,958 | €12,958 | €7,231 | €7,231 | = |
| Operating cash flow (approximation) | -€4,196 | €16,514 | €8,370 | -€10,522 | €14,493 | ▲ 238% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €43 | €0 | ▼ 100% |
| Change in cash | - | -€1,402 | €6,727 | -€9,123 | -€1,246 | ▲ 86.3% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €7,262
Net result €7,262 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Back to profitnet €3,556
Net result €3,556 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Namur · 1 establishment unit since 2018
Ground area
495 m²
Building footprint
136 m²
Parcel 92021F0406/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ALTERVET
since 20182.279.618.873
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021F0406/00B000 | Wallonia | 495 m² | 1 · 136 m² | - |
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.
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WAPIVET
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PHILVET
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Of 6,089 companies in sector 75000 we hold annual accounts for 1,951. 236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
96993Pet care services, excluding veterinary services
Contact
Website
www.altervet.be
E-mail
info@altervet.be
E-mail
rambouxcva@hotmail.comNamur
Phone
0475/609286Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697939744
Also
9925:BE0697939744
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.