Summary
Alterwise 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 €94,413 and a net result of €58,481. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 59% of 3,058 sector peers (NACE 66, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-2021 Normal situation
- Activity
- Risk and damage evaluation NACE 66210and 3 others
- Establishment unit
- 2.323.997.264 2400 Mol, since 14-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-08-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €58,481
- ▲ 44.3%
- Equity
- €94,413
- ▲ 163%
- Total assets
- €159,415
- ▲ 70.5%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
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 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 days early
2024
26 days late
2023
on the day
2022
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 3 days before the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% 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 23 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 4 filings
Equity
€94,413▲ 163%
2024 · €35,931
Net result
€58,481▲ 44.3%
2024 · €40,527
Total assets
€159,415▲ 70.5%
2024 · €93,509
Solvency
59.2%▲ 20.8pp
2024 · 38.4%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€75,955
▲ 85.4%
2025
20222025
Net result
€58,481
▲ 44.3%
2025
middle half of the sector
20222025
Equity
€94,413
▲ 163%
2025
middle half of the sector
20222025
Total assets
€159,415
▲ 70.5%
2025
middle half of the sector
20222025
Debt
€65,002
▲ 12.9%
2025
20222025
Working capital
€30,135
2025
middle half of the sector
20222025
Solvency
59.2%
▲ 20.8pp
2025
middle half of the sector
20222025
Current ratio
1.47
▲ 0.67
2025
middle half of the sector
20222025
Return on assets (ROA)
36.7%
▼ 6.7pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€3,861--€53,878▼ 1,295%€40,962€75,955▲ 85.4%
Net result-€5,323below the sector's middle half--€69,272below the sector's middle half▼ 1,201%€40,527within the sector's middle half€58,481within the sector's middle half▲ 44.3%
Equity€64,677within the sector's middle half--€4,595below the sector's middle half€35,931below the sector's middle half€94,413within the sector's middle half▲ 163%
Total assets€264,622within the sector's middle half-€1,884below the sector's middle half▼ 99.3%€93,509below the sector's middle half▲ 50×€159,415within the sector's middle half▲ 70.5%
Debt€199,945-€6,479▼ 96.8%€57,577▲ 789%€65,002▲ 12.9%
Working capital€257,134above the sector's middle half--€4,595below the sector's middle half-€11,712below the sector's middle half▼ 155%€30,135within the sector's middle half
Solvency24.4%within the sector's middle half--244.0%below the sector's middle half▼ 268.4pp38.4%within the sector's middle half▲ 282.4pp59.2%within the sector's middle half▲ 20.8pp
Current ratio35.34above the sector's middle half-0.80below the sector's middle half1.47within the sector's middle half▲ 0.67
Return on assets (ROA)-2.0%below the sector's middle half-43.3%above the sector's middle half36.7%above the sector's middle half▼ 6.7pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 85% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,415
Fixed assets
€64,820 ▲ 36.1%
Current assets
€94,595 ▲ 106%
Equity and liabilities €159,415
Equity
€94,413 ▲ 163%
Debt
€65,002 ▲ 12.9%
Debt's share of the balance-sheet total falls from 61.6% to 40.8%. Equity and debt are higher.
Key figures and ratios
ROE
61.9%▼
2024 · 112.8%
Debt ≤ 1 year
€64,460▲
2024 · €57,577
Income taxes
€17,315
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €52,000 | €39,272 |
| Depreciation and write-downs of the year | - | - | €4,357 | €22,096 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4,357 | €22,096 | ▲ 407% |
| Other operating charges640/8 | - | - | €491 | €1,338 | ▲ 173% |
| Gross operating margin9900 | -€3,861 | -€53,878 | €45,809 | €99,389 | ▲ 117% |
| Operating profit (loss)9901 | -€3,861 | -€53,878 | €40,962 | €75,955 | ▲ 85.4% |
| Financial income75/76B | - | - | €0 | €2 | ▲ 100× |
| Recurring financial income75 | - | - | €0 | €2 | ▲ 100× |
| Financial charges65/66B | €1,462 | €15,394 | €435 | €160 | ▼ 63.1% |
| Recurring financial charges65 | €1,462 | €15,394 | €435 | €160 | ▼ 63.1% |
| Profit (loss) for the period before taxes9903 | -€5,323 | -€69,272 | €40,527 | €75,796 | ▲ 87.0% |
| Income taxes67/77 | - | - | - | €17,315 | - |
| Profit (loss) for the period9904 | -€5,323 | -€69,272 | €40,527 | €58,481 | ▲ 44.3% |
| Profit (loss) for the period to be appropriated9905 | -€5,323 | -€69,272 | €40,527 | €58,481 | ▲ 44.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €264,622 | €1,884 | €93,509 | €159,415 | ▲ 70.5% |
| Fixed assets21/28 | - | - | €47,643 | €64,820 | ▲ 36.1% |
| Tangible fixed assets22/27 | - | - | €47,643 | €64,820 | ▲ 36.1% |
| Plant, machinery and equipment23 | - | - | €11,728 | €16,941 | ▲ 44.5% |
| Furniture and vehicles24 | - | - | €35,915 | €47,879 | ▲ 33.3% |
| Current assets29/58 | €264,622 | €1,884 | €45,866 | €94,595 | ▲ 106% |
| Stocks and contracts in progress3 | €262,577 | €0 | - | - | - |
| Stocks30/36 | €262,577 | €0 | - | - | - |
| Amounts receivable within one year40/41 | - | - | €21,214 | €22,535 | ▲ 6.2% |
| Trade receivables40 | - | - | €21,214 | €19,850 | ▼ 6.4% |
| Other amounts receivable41 | - | - | - | €2,685 | - |
| Cash at bank and in hand54/58 | €2,045 | €1,884 | €23,117 | €70,253 | ▲ 204% |
| Deferred charges and accrued income490/1 | - | - | €1,534 | €1,807 | ▲ 17.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €264,622 | €1,884 | €93,509 | €159,415 | ▲ 70.5% |
| Equity10/15 | €64,677 | -€4,595 | €35,931 | €94,413 | ▲ 163% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | - | - | - | €58,481 | - |
| Distributable reserves133 | - | - | - | €58,481 | - |
| Profit (loss) carried forward14 | -€5,323 | -€74,595 | -€34,069 | -€34,069 | = |
| Amounts payable17/49 | €199,945 | €6,479 | €57,577 | €65,002 | ▲ 12.9% |
| Amounts payable after more than one year17 | €192,457 | €0 | - | - | - |
| Financial debts170/4 | €192,457 | €0 | - | - | - |
| Amounts payable within one year42/48 | €7,488 | €6,479 | €57,577 | €64,460 | ▲ 12.0% |
| Trade debts44 | €1,188 | €1,928 | €191 | €337 | ▲ 76.8% |
| Suppliers440/4 | €1,188 | €1,928 | €191 | €337 | ▲ 76.8% |
| Taxes, remuneration and social security45 | - | - | €8,541 | €7,618 | ▼ 10.8% |
| Taxes450/3 | - | - | €8,541 | €7,618 | ▼ 10.8% |
| Other amounts payable47/48 | €6,300 | €4,551 | €48,846 | €56,505 | ▲ 15.7% |
| Accrued charges and deferred income492/3 | - | - | - | €542 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,323 | -€69,272 | €40,527 | €58,481 | ▲ 44.3% |
| + Depreciation and write-downs630 | - | - | €4,357 | €22,096 | ▲ 407% |
| Operating cash flow (approximation) | -€5,323 | -€69,272 | €44,884 | €80,577 | ▲ 79.5% |
| Investment in fixed assets (approximation) | - | - | - | -€39,272 | - |
| Change in cash | - | -€162 | €21,234 | €47,136 | ▲ 122% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2024
VAN KERCKHOVEN Carl Frans Leo
Current
Gewone bestuurder · since 02-10-2024 · term for the life of the company · listed in the 2025 annual accounts, filed on 10-07-2026
Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN KERCKHOVEN Carl Frans Leo |
|
| VAN KERCKHOVEN Hidde Alex Maria |
|
Network & group
Alterwise shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Alterwise. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
10-07
micro format · 21 days before the deadline
2025
31-12
Financial
Highest result from 2022 to 2025net €58,481 ▲44.3%
The operating result of €75,955 and the net result of €58,481 are both a record.
26-08
micro format · 26 days late
2024
31-12
Financial
Back to profitnet €40,527
The net result is €40,527, after 2 loss-making years.
09-10
Gazette deed
Resignation: VAN KERCKHOVEN Hidde Alex Maria (director)Appointment: VAN KERCKHOVEN Carl Frans Leo (gewone bestuurder) · Registered-office move6 points ▸
Gazette deed
Resignation: VAN KERCKHOVEN Hidde Alex Maria (director)
Appointment: VAN KERCKHOVEN Carl Frans Leo (gewone bestuurder) · Registered-office move6 points ▸
- Director resignation, VAN KERCKHOVEN Hidde Alex Maria (director)
- Director appointment, VAN KERCKHOVEN Carl Frans Leo (gewone bestuurder)
- Registered-office move, 2400 Mol, Adolf Reydamslaan 3
- Other provision, “enige aandeelhouder, verklaring enige aandeelhouder overeenkomstig artikel 2:8 § 4 WVV” (deed in Dutch)
- General meeting, “buitengewone algemene vergadering, rechtspersonenregister Brussel,Nederlandstalige afdeling” (deed in Dutch)
- Registered-office move, Vlaams Gewest
31-07
micro format · on the deadline day
2023
31-12
Financial
Weakest financial yearnet -€69,272
The net result drops to -€69,272, the lowest from 2022 to 2025. It recovers the following year.
13-07
micro format · 18 days before the deadline
2021
16-09
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Alterwise in Dutch
Enterprise number
0773.839.670
Legal form
Private limited company
Status
Active, normale toestand
Founded
14-09-2021
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, 2”
deed of 09-10-2024 (in Dutch)Registered office and establishments
Registered office
Adolf Reydamslaan 3, 2400 Mol, Belgium
1 former office
- 1050 Elsene until the act of 09-10-2024
Establishment unit
Alterwise, Adolf Reydamslaan 3, 2400 Mol since 14-09-2021 · unit number 2.323.997.264
Activities
NACEBEL 202566210
Risk and damage evaluation main activity
29320
Manufacture of motor vehicles, trailers and semi-trailers
46711
Wholesale of cars and light vans (up to 3.5 tonnes)
95314
Bodywork repair (including spraying and painting)
Codes under NACEBEL 2008
66210
Activities auxiliary to financial services and insurance activities main activity
29320
Manufacture of motor vehicles, trailers and semi-trailers
45111
45204
Invoicing and payment
VAT number
BE 0773.839.670
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
275 m²
Building footprint
159 m²
Building volume
837 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13434F0075/00C009 | Flanders | 275 m² | 1 · 159 m² | 9.9 m · 1 |