Equity
€463,267 ▼ 17.3%
ALTEX paid out €66,290 in dividends. That is 112% of the 2025 profit.
ALTEX
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1991peak €361,660 (2014)
€307,618▲ 8.5%
lowest -€24,703 (2016)
€59,080▲ 49.4%
peak €811,369 (2019)
€463,267▼ 17.3%
€231,693▲ 148%
peak 6.8 FTE (2015)
3.8 FTE▼ 2.6%
Board3 names since 2020
3 directorsPeeters Marc and 2 others
Documentsfilings and deeds
09-10-202522 days before the deadline
2025abbreviated format
Result from €39,550 to €59,080Dividend €66,290Equity from €559,960 to €463,267Debts from €93,608 to €231,693
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The abbreviated format states no turnover.
Debts
€231,693 ▲ 148%
Debts rose by €138,085 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
3.8 FTE from 6.8 in 2015
Between 2015 and 2025, 44% of the full-time equivalents disappeared.
Liquidity
2.27 was 5.34 in 2024
Short-term debts rose from €93,268 to €231,693.
Filings
34 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Checked score
95
Excellent
Financially stronger than 63% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 11-10-2025)
lowers risk
Liquidity: current ratio 2.27, cash €400,199
Founded in 1990
Equity €463,267 (66.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 72% of them on solvency, 86% on liquidity, 72% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as ALTEX has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALTEX itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for ALTEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.27 (5.34 in 2024), above the usual 1.5. Short-term debt is 33.3% and cash 57.6% of total assets. 33.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
22 days early
2024
42 days early
2023
23 days late
2022
41 days early
2021
27 days early
2020
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 24 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441891616
3 directors reappointed
Van den Bergh Ida (managing director), Van den Bergh Conny and Peeters Marc · General meeting of 01-09-2020 · Gazette deed
Capital decrease of €313,119 to €278,881
Capital from €592,000 to €278,881 · General meeting of 17-07-2019 · Gazette deed
First establishment
G. Vandenheuvelstr. 157, Herselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALTEX Aarschot | €0.7m | €307,618 | 66.7% | 3.8 |
| PIERMI Wavre | €0.7m | €203,625 | 88.2% | 5 |
| Marc VANDEVEN Leuven | €1.2m | €468,881 | 32.0% | 4.7 |
| CARROUCHE BIS Antwerp | €0.5m | €193,900 | 81.0% | 3.2 |
| BURETEX Zonhoven | €0.6m | €182,475 | 13.5% | 2.4 |
| HOORENS Haaltert | €1.2m | €272,077 | 35.2% | 3.3 |
| OURSON Waasmunster | €1.0m | €520,162 | 19.3% | 5.5 |
These companies have the same main activity as ALTEX: wholesale of household textiles and bedding (NACE 46412). They are comparable in size and age: total assets between €457,000 and €1.2m, founded between 1986 and 1993.
Official details
Source: KBO- Status
- Active since 15-11-1990Normal situation
- Activity
- Wholesale of household textiles and beddingNACE 46412and 4 others
- Establishment unit
- 2.051.480.9122230 Herselt, since 12-02-1991
- Financial year end
- 31 March
- Peppol
- Reachable since 09-04-2025
Annual accounts to 31-03-2025
- €694,960▲ 6.3%
- Employeeson 31-03-2025
- 4=
- Filing
- Filed on 09-10-2025
Insights on ALTEX
ALTEX files the abbreviated format. That format states no turnover. The gross margin rose from €231,105 in 2007 to €307,618 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALTEX
- What is the company number of ALTEX?
- The company number of ALTEX is 0441.891.616. The VAT number is the same number with BE in front: BE 0441.891.616.
- Where is ALTEX based?
- The registered office is at Gijmelstraat 59, 3200 Aarschot.Company details
- What does ALTEX do?
- According to the KBO register, the main activity is wholesale of household textiles and bedding (NACE 46412).
- What is the legal form of ALTEX?
- ALTEX is a public limited company (NV).
- When was ALTEX founded?
- ALTEX was founded on 15-11-1990.
- Is ALTEX still active?
- Yes, ALTEX is an active enterprise in the KBO register.
- How many employees does ALTEX have?
- ALTEX had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ALTEX?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €307,618 and 36 comparable companies (NACE 464). It probably lies between €1.1m and €2.2m.
- Is ALTEX profitable?
- In financial year 2025, ALTEX made a profit of €59,080.
- Where can I find the annual accounts of ALTEX?
- ALTEX filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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