ALTICO
ActiveSummary
ALTICO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242k and a net result of €50k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+12
Solvency99▲+11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.57 in 2024; short-term debt: 19.4% and cash: 4.9% of total assets), and 26.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.5%
Return on assets
15.3%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
13 d early
2023
6 d early
2022
11 d early
2021
9 d early
2020
17 d late
2019
22 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€50k▲ 108%
2024 · €24k
2018: €17k
2019: €16k▼ -4.9% vs 2018lowest in 8 years
2020: €23k▲ +44.7% vs 2019
2021: €24k▲ +0.5% vs 2020
2022: €24k▲ +1.0% vs 2021
2023: €22k▼ -8.6% vs 2022
2024: €24k▲ +10.8% vs 2023
2025: €50k▲ +108% vs 2024highest in 8 years
2018 → 2025
Working capital
€-48k▼ 22.6%
2024 · €-39k
2018: €-79k
2019: €-80k▼ -0.3% vs 2018lowest in 8 years
2020: €-77k▲ +2.8% vs 2019
2021: €-71k▲ +8.7% vs 2020
2022: €-2k▲ +97.2% vs 2021highest in 8 years
2023: €-12k▼ -479% vs 2022
2024: €-39k▼ -236% vs 2023
2025: €-48k▼ -22.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€372k-€366k▼ 1.5%€318k▼ 13.2%€252k▼ 20.7%€242k▼ 3.8%
2021: €372khighest in 5 years
2022: €366k▼ -1.5% vs 2021
2023: €318k▼ -13.2% vs 2022
2024: €252k▼ -20.7% vs 2023
2025: €242k▼ -3.8% vs 2024lowest in 5 years
Operating result€31k-€31k▼ 0.1%€29k▼ 8.6%€30k▲ 5.4%€66k▲ 120%
2021: €31k
2022: €31k▼ -0.1% vs 2021
2023: €29k▼ -8.6% vs 2022lowest in 5 years
2024: €30k▲ +5.4% vs 2023
2025: €66k▲ +120% vs 2024highest in 5 years
Net result€24k-€24k▲ 1.0%€22k▼ 8.6%€24k▲ 10.8%€50k▲ 108%
2021: €24k
2022: €24k▲ +1.0% vs 2021
2023: €22k▼ -8.6% vs 2022lowest in 5 years
2024: €24k▲ +10.8% vs 2023
2025: €50k▲ +108% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330k
Fixed assets
€313k ▼ 10.1%
Current assets
€16k ▼ 68.2%
Equity and liabilities €330k
Equity
€242k ▼ 3.8%
Provisions
€17k ▼ 14.7%
Debt
€71k ▼ 44.7%
Debt's share of the balance-sheet total falls from 32.1% to 21.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €71k
Cash flow
€85k▲
2024 · €64k
Current ratio
0.25▼
2024 · 0.57
Debt to equity
0.29▼
2024 · 0.51
ROE
20.8%▲
2024 · 9.6%
ROA
15.3%▲
2024 · 6.0%
Interest coverage
105.77▲
2024 · 42.43
Debt ≤ 1 year
€64k▼
2024 · €90k
Debt > 1 year
€7k▼
2024 · €38k
Income taxes
€19k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€399k€330k▼
Fixed assets21/28€348k€313k▼
Tangible fixed assets22/27€348k€313k▼
Land and buildings22€348k€313k▼
Plant, machinery and equipment23€0-
Current assets29/58€51k€16k▼
Amounts receivable within one year40/41€29k€0▼
Other amounts receivable41€29k€0▼
Cash at bank and in hand54/58€22k€16k▼
Equity and liabilities
Total equity and liabilities10/49€399k€330k▼
Equity10/15€252k€242k▼
Contributions10/11€12k€12k=
Reserves13€39k€34k▼
Tax-exempt reserves132€38k€32k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€200k€196k▼
Provisions and deferred taxes16€19k€17k▼
Deferred taxes168€19k€17k▼
Amounts payable17/49€128k€71k▼
Amounts payable after more than one year17€38k€7k▼
Other amounts payable178/9€38k€7k▼
Amounts payable within one year42/48€90k€64k▼
Trade debts44€0€142▲
Suppliers440/4€0€142▲
Taxes, remuneration and social security45€7€4k▲
Taxes450/3€7€4k▲
Other amounts payable47/48€90k€60k▼
Accrued charges and deferred income492/3€96€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€35k▼
Other operating charges640/8€12k€12k▲
Gross operating margin9900€82k€114k▲
Operating profit (loss)9901€30k€66k▲
Financial income75/76B€3k€613▼
Recurring financial income75€3k€613▼
Financial charges65/66B€2k€959▼
Recurring financial charges65€2k€959▼
Profit (loss) for the period before taxes9903€31k€66k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€10k€19k▲
Profit (loss) for the period9904€24k€50k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€30k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€290k€256k▼
Profit (loss) brought forward from the previous period14P€260k€200k▼
Profit to be distributed694/7€90k€60k▼
Return on contributions (dividend)694€90k€60k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €41k | €41k | €40k | €35k | ▼ 13.1% |
| Other operating charges640/8 | €10k | €10k | €11k | €12k | €12k | ▲ 3.1% |
| Gross operating margin9900 | €82k | €83k | €81k | €82k | €114k | ▲ 37.9% |
| Operating profit (loss)9901 | €31k | €31k | €29k | €30k | €66k | ▲ 120% |
| Financial income75/76B | - | - | €904 | €3k | €613 | ▼ 77.7% |
| Recurring financial income75 | - | - | €904 | €3k | €613 | ▼ 77.7% |
| Financial charges65/66B | €951 | €609 | €2k | €2k | €959 | ▼ 42.3% |
| Recurring financial charges65 | €951 | €609 | €2k | €2k | €959 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €30k | €31k | €28k | €31k | €66k | ▲ 111% |
| Transfer from deferred taxes780 | €3k | €3k | €3k | €3k | €3k | = |
| Income taxes67/77 | €10k | €10k | €9k | €10k | €19k | ▲ 86.0% |
| Profit (loss) for the period9904 | €24k | €24k | €22k | €24k | €50k | ▲ 108% |
| Transfer from tax-exempt reserves789 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) for the period to be appropriated9905 | €29k | €29k | €27k | €30k | €56k | ▲ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €491k | €457k | €448k | €399k | €330k | ▼ 17.5% |
| Fixed assets21/28 | €470k | €430k | €389k | €348k | €313k | ▼ 10.1% |
| Tangible fixed assets22/27 | €470k | €430k | €389k | €348k | €313k | ▼ 10.1% |
| Land and buildings22 | €454k | €418k | €383k | €348k | €313k | ▼ 10.1% |
| Plant, machinery and equipment23 | €17k | €11k | €5k | €0 | - | - |
| Current assets29/58 | €21k | €27k | €59k | €51k | €16k | ▼ 68.2% |
| Amounts receivable within one year40/41 | €675 | €5k | €37k | €29k | €0 | ▼ 100% |
| Trade receivables40 | - | €160 | €0 | - | - | - |
| Other amounts receivable41 | €675 | €5k | €37k | €29k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €20k | €22k | €21k | €22k | €16k | ▼ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €491k | €457k | €448k | €399k | €330k | ▼ 17.5% |
| Equity10/15 | €372k | €366k | €318k | €252k | €242k | ▼ 3.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €56k | €50k | €45k | €39k | €34k | ▼ 14.0% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €54k | €49k | €43k | €38k | €32k | ▼ 14.7% |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €303k | €303k | €260k | €200k | €196k | ▼ 2.1% |
| Provisions and deferred taxes16 | €28k | €25k | €22k | €19k | €17k | ▼ 14.7% |
| Deferred taxes168 | €28k | €25k | €22k | €19k | €17k | ▼ 14.7% |
| Amounts payable17/49 | €91k | €66k | €108k | €128k | €71k | ▼ 44.7% |
| Amounts payable after more than one year17 | €0 | €36k | €37k | €38k | €7k | ▼ 82.3% |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other amounts payable178/9 | - | €36k | €37k | €38k | €7k | ▼ 82.3% |
| Amounts payable within one year42/48 | €91k | €29k | €71k | €90k | €64k | ▼ 28.8% |
| Current portion of amounts payable after more than one year42 | €55k | €0 | - | - | - | - |
| Trade debts44 | - | - | €535 | €0 | €142 | - |
| Suppliers440/4 | - | - | €535 | €0 | €142 | - |
| Taxes, remuneration and social security45 | - | - | - | €7 | €4k | ▲ 54,237% |
| Taxes450/3 | - | - | - | €7 | €4k | ▲ 54,237% |
| Other amounts payable47/48 | €36k | €29k | €70k | €90k | €60k | ▼ 33.0% |
| Accrued charges and deferred income492/3 | €83 | €93 | €82 | €96 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €24k | €22k | €24k | €50k | ▲ 108% |
| + Depreciation and write-downs630 | €41k | €41k | €41k | €40k | €35k | ▼ 13.1% |
| Operating cash flow (approximation) | €64k | €65k | €63k | €64k | €85k | ▲ 32.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2k | €-484 | €234 | €-6k | ▼ 2,459% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €50k ▲108%
Operating result €66k, net result €50k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €16k ▼4.9%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Lessines · 1 establishment unit since 1996
Ground area
4,479 m²
Building footprint
2,228 m²
Parcel 55023C0360/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Zoning ouest(L) 16, 7860 Lessines
since 19962.079.154.022
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0360/00G000 | Wallonia | 4,479 m² | 1 · 2,228 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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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,332 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
Founded24-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.