Altsien
ActiveSummary
Altsien has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.0m and a net result of €157,705. Equity is growing by ~7.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-15
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460,000 at 30 days acceptable
short-term debt: 0.7% and cash: 34.2% of total assets, and 0.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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 2024Solvency, return and age of the figures
Solvency
99.3%
Return on assets
3.2%
Age of the figures
21 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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
31 d late
2023
30 d late
2022
203 d late
2021
30 d late
2020
53 d early
2019
on the day
← 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 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 66 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 company by equity in Flemish Brabant, Creative and performing arts sector#5 oldest company in Flemish Brabant, Creative and performing arts sector
Equity
€5.0m▲ 3.3%
2023 · €4.8m
Total assets
€5.0m▲ 3.0%
2023 · €4.8m
Net result
€157,705▼ 78.4%
2023 · €731,044
Working capital
€4.9m▲ 3.7%
2023 · €4.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20202021202220232024
Operating result-€317,898-€31,626▲ 90.1%€805,392€716,228▼ 11.1%€144,560▼ 79.8%
Net result-€317,990below the sector's middle half-€32,374below the sector's middle half▲ 89.8%€804,584above the sector's middle half€731,044above the sector's middle half▼ 9.1%€157,705above the sector's middle half▼ 78.4%
Equity€3.3mabove the sector's middle half▼ 8.8%€3.3mabove the sector's middle half▼ 1.0%€4.1mabove the sector's middle half▲ 24.7%€4.8mabove the sector's middle half▲ 18.0%€5.0mabove the sector's middle half▲ 3.3%
Total assets€3.3mabove the sector's middle half▼ 8.9%€3.3mabove the sector's middle half▼ 1.1%€4.1mabove the sector's middle half▲ 24.8%€4.8mabove the sector's middle half▲ 18.3%€5.0mabove the sector's middle half▲ 3.0%
Debt€27,654▼ 16.1%€22,144▼ 19.9%€30,251▲ 36.6%€47,604▲ 57.4%€36,789▼ 22.7%
Working capital€3.2mabove the sector's middle half▼ 9.5%€3.2mabove the sector's middle half▼ 0.4%€4.0mabove the sector's middle half▲ 26.0%€4.8mabove the sector's middle half▲ 18.8%€4.9mabove the sector's middle half▲ 3.7%
Solvency99.2%above the sector's middle half▲ 0.1pp99.3%above the sector's middle half▲ 0.2pp99.3%above the sector's middle half▼ 0.1pp99.0%above the sector's middle half▼ 0.2pp99.3%above the sector's middle half▲ 0.2pp
Return on assets (ROA)-9.6%below the sector's middle half▼ 15.4pp-1.0%within the sector's middle half▲ 8.6pp19.6%within the sector's middle half▲ 20.6pp15.1%above the sector's middle half▼ 4.6pp3.2%within the sector's middle half▼ 11.9pp
Staff (FTE)1below the sector's middle half▼ 82.1%1below the sector's middle half=4.6▲ 360%9.2within the sector's middle half▲ 100%9.2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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 has fallen two years in a row; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.0m
Fixed assets
€8,807 ▼ 68.3%
Current assets
€5.0m ▲ 3.4%
Equity and liabilities €5.0m
Equity
€5.0m ▲ 3.3%
Debt
€36,789 ▼ 22.7%
Debt's share of the balance-sheet total falls from 1.0% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164,173▼
2023 · €743,021
Cash flow
€177,318▼
2023 · €757,837
Debt to equity
0.01▼
2023 · 0.01
ROE
3.2%▼
2023 · 15.2%
Interest coverage
402.19▼
2023 · 5551.56
Debt ≤ 1 year
€36,789▼
2023 · €47,604
Income taxes
€10,486▲
2023 · €1,730
Staff costs
€259,517▼
2023 · €294,311
A ratio outside any meaningful range has been withheld (balance sheet total €5.0m, equity €5.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €56,895 | €186,750 | €294,311 | €259,517 | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,838 | €24,972 | €25,959 | €26,792 | €19,613 | ▼ 26.8% |
| Other operating charges640/8 | - | €3,989 | €63 | €200 | €172 | ▼ 14.4% |
| Gross operating margin9900 | -€238,359 | €54,230 | €1.0m | €1.0m | €423,862 | ▼ 59.1% |
| Operating profit (loss)9901 | -€317,898 | -€31,626 | €805,392 | €716,228 | €144,560 | ▼ 79.8% |
| Financial income75/76B | - | - | €0 | €16,680 | €24,038 | ▲ 44.1% |
| Recurring financial income75 | - | - | €0 | €16,680 | €24,038 | ▲ 44.1% |
| Financial charges65/66B | - | €748 | €808 | €134 | €408 | ▲ 205% |
| Recurring financial charges65 | €92 | €748 | €808 | €134 | €408 | ▲ 205% |
| Profit (loss) for the period before taxes9903 | -€317,990 | -€32,374 | €804,584 | €732,774 | €168,190 | ▼ 77.0% |
| Income taxes67/77 | - | - | - | €1,730 | €10,486 | ▲ 506% |
| Profit (loss) for the period9904 | -€317,990 | -€32,374 | €804,584 | €731,044 | €157,705 | ▼ 78.4% |
| Profit (loss) for the period to be appropriated9905 | -€317,990 | -€32,374 | €804,584 | €731,044 | €157,705 | ▼ 78.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.3m | €4.1m | €4.8m | €5.0m | ▲ 3.0% |
| Fixed assets21/28 | €95,034 | €74,693 | €51,326 | €27,756 | €8,807 | ▼ 68.3% |
| Intangible fixed assets21 | €29,760 | €22,760 | €15,760 | €8,760 | €1,760 | ▼ 79.9% |
| Tangible fixed assets22/27 | €65,275 | €51,933 | €35,566 | €18,996 | €7,047 | ▼ 62.9% |
| Plant, machinery and equipment23 | - | €8,308 | €6,646 | €4,985 | €3,323 | ▼ 33.3% |
| Furniture and vehicles24 | - | €12,007 | €8,915 | €5,620 | €3,724 | ▼ 33.7% |
| Other tangible fixed assets26 | - | €31,619 | €20,005 | €8,391 | €0 | ▼ 100% |
| Current assets29/58 | €3.2m | €3.2m | €4.0m | €4.8m | €5.0m | ▲ 3.4% |
| Amounts receivable within one year40/41 | €3.0m | €3.0m | €3.1m | €3.1m | €3.3m | ▲ 6.0% |
| Trade receivables40 | - | - | - | - | €9,190 | - |
| Other amounts receivable41 | - | €3.0m | €3.1m | €3.1m | €3.3m | ▲ 5.7% |
| Current investments50/53 | - | - | - | €1.3m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €195,146 | €165,724 | €988,126 | €466,612 | €1.7m | ▲ 266% |
| Deferred charges and accrued income490/1 | - | €387 | €344 | €12,461 | €20 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €4.1m | €4.8m | €5.0m | ▲ 3.0% |
| Equity10/15 | €3.3m | €3.3m | €4.1m | €4.8m | €5.0m | ▲ 3.3% |
| Contributions10/11 | - | - | €131,778 | €131,778 | €131,778 | = |
| Capital10 | - | - | €131,778 | €131,778 | €131,778 | = |
| Reserves13 | - | €3.5m | €3.9m | €4.7m | €4.8m | ▲ 3.4% |
| Profit (loss) carried forward14 | -€317,990 | -€350,364 | €0 | - | - | - |
| Amounts payable17/49 | €27,654 | €22,144 | €30,251 | €47,604 | €36,789 | ▼ 22.7% |
| Amounts payable within one year42/48 | €27,654 | €22,144 | €30,251 | €47,604 | €36,789 | ▼ 22.7% |
| Trade debts44 | €20,939 | €7,778 | €22,333 | €39,860 | €22,451 | ▼ 43.7% |
| Suppliers440/4 | - | €7,778 | €22,333 | €39,860 | €22,451 | ▼ 43.7% |
| Advances received on contracts in progress46 | - | - | - | - | €3,181 | - |
| Taxes, remuneration and social security45 | - | €14,366 | €7,918 | €7,744 | €11,158 | ▲ 44.1% |
| Taxes450/3 | - | €1,854 | €0 | - | €3,385 | - |
| Remuneration and social security454/9 | - | €12,512 | €7,918 | €7,744 | €7,772 | ▲ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€317,990 | -€32,374 | €804,584 | €731,044 | €157,705 | ▼ 78.4% |
| + Depreciation and write-downs630 | €21,838 | €24,972 | €25,959 | €26,792 | €19,613 | ▼ 26.8% |
| Operating cash flow (approximation) | -€296,153 | -€7,403 | €830,543 | €757,837 | €177,318 | ▼ 76.6% |
| Investment in fixed assets (approximation) | - | -€4,630 | -€2,592 | -€3,222 | -€664 | ▲ 79.4% |
| Change in cash | - | -€29,422 | €822,402 | -€521,513 | €1.2m | ▲ 338% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 203 days late
2022
31-12
Financial
Back to profitnet €804,584
Net result €804,584 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€317,990
Net result drops to -€317,990, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Rotselaar · 1 establishment unit since 2007
Ground area
1,594 m²
Parcel 24121F0107/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Altsien vzw
since 20072.158.943.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24121F0107/00E000 | Flanders | 1,594 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRotselaar2.158.943.252
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Of 3,395 companies in sector 90393 we hold annual accounts for 942. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded25-02-1978
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418478784
Also
9925:BE0418478784
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.