Summary
GERARD & ALTERMAN 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 €48k and a net result of €116k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 14% of 66 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 66 sector peers (2025).
NBB · sector comparisonPosition among 66 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
46 d early
2023
43 d early
2022
47 d early
2021
61 d early
2020
44 d early
2019
52 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 7.0%
2024 · €45k
2019: €47k
2020: €50k
2021: €52k
2022: €55k
2023: €55k
2024: €45k
2019 → 2025
Net result
€116k▲ 3,316%
2024 · €3k
2019: €2k
2020: €2k
2021: €3k
2022: €3k
2023: €68k
2024: €3k
2019 → 2025
Total assets
€708k▼ 8.4%
2024 · €773k
2019: €442k
2020: €417k
2021: €373k
2022: €402k
2023: €401k
2024: €773k
2019 → 2025
Solvency
6.7%▲ 1.0pp
2024 · 5.8%
2019: 10.7%
2020: 11.9%
2021: 14.0%
2022: 13.7%
2023: 13.8%
2024: 5.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€55k▲ 5.4%€55k▲ 0.5%€45k▼ 19.4%€48k▲ 7.0%
Operating result€11k-€11k▲ 2.2%€79k▲ 592%€21k▼ 73.8%€141k▲ 587%
Net result€3k-€3k▲ 7.2%€68k▲ 2,326%€3k▼ 95.0%€116k▲ 3,316%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 587% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €708k
Fixed assets
€645k ▼ 4.5%
Current assets
€63k ▼ 35.6%
Equity and liabilities €708k
Equity
€48k ▲ 7.0%
Provisions
€938
Debt
€659k ▼ 9.5%
The debt ratio falls from 94.2% to 93.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
244.7%▲
2024 · 7.7%
ROA
16.5%▲
2024 · 0.4%
Debt ≤ 1 year
€438k▼
2024 · €520k
Debt > 1 year
€140k▼
2024 · €151k
Income taxes
€5k▲
2024 · €4k
Staff costs
€170k▼
2024 · €177k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€773k€708k▼
Fixed assets21/28€675k€645k▼
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€674k€645k▼
Land and buildings22€670k€643k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€98k€63k▼
Amounts receivable within one year40/41€58k€38k▼
Trade receivables40€56k€37k▼
Other amounts receivable41€2k€309▼
Current investments50/53€0-
Cash at bank and in hand54/58€34k€18k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€773k€708k▼
Equity10/15€45k€48k▲
Contributions10/11€6k€6k=
Reserves13€15k€16k▲
Distributable reserves133€15k€16k▲
Profit (loss) carried forward14€23k€23k=
Investment grants15-€3k
Provisions and deferred taxes16-€938
Deferred taxes168-€938
Amounts payable17/49€729k€659k▼
Amounts payable after more than one year17€151k€140k▼
Financial debts170/4€151k€140k▼
Amounts payable within one year42/48€520k€438k▼
Current portion of amounts payable after more than one year42€23k€11k▼
Financial debts43€436k€284k▼
Credit institutions430/8€436k€284k▼
Trade debts44€44k€15k▼
Suppliers440/4€44k€15k▼
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€5k€10k▲
Remuneration and social security454/9€13k€4k▼
Other amounts payable47/48€0€115k▲
Accrued charges and deferred income492/3€58k€82k▲
Income statement
Code20242025
Non-recurring operating income76A€0€5k▲
Remuneration, social security and pensions62€177k€170k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€39k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€988
Other operating charges640/8€54k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€279k€353k▲
Operating profit (loss)9901€21k€141k▲
Financial income75/76B€781€317▼
Recurring financial income75€781€317▼
Financial charges65/66B€14k€20k▲
Recurring financial charges65€14k€20k▲
Profit (loss) for the period before taxes9903€7k€121k▲
Transfer from deferred taxes780-€104
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€3k€116k▲
Profit (loss) for the period to be appropriated9905€3k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€140k▲
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer from equity791/2€14k€2k▼
Transfer to equity691/2€3k€2k▼
To other reserves6921€3k€2k▼
Profit to be distributed694/7€14k€116k▲
Return on contributions (dividend)694€14k€2k▼
Directors or managers695€0€114k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €116k ▲3316%
Operating result €141k, net result €116k, both a record.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €2k ▼4.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-12
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.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Franklin Rooseveltlaan 1431050 BrusselGround area
1,431 m²
Building footprint
611 m²
Volume, LiDAR
9,274 m³
2 parcels, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
GERARD & ALTERMAN
since 20122.207.770.775
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0491/00C000 | Brussels | 1,320 m² | 1 · 522 m² | 19.9 m · 6 fl. |
| 21017D0191/00D002 | Brussels | 111 m² | 1 · 89 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PRIEMUS
BE 1005.194.865
Brugge · Eq €48k
IDEAL CONSEIL
BE 0872.417.901
Flémalle · Eq €50k
Nelis & Winters
BE 0754.851.327
Peer · Eq €50k
Y EARLY
BE 0746.710.651
Asse · Eq €77k
WINTERS STIJN VERZEKERINGEN
BE 0762.931.229
Peer · Eq €24k
Of 65 companies in sector 65111 we hold annual accounts for 28. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2012
Fiscal year end30-06
Activities, NACEBEL
65111Insurance, reinsurance and pension funding, except compulsory social security
66220Insurance agents and brokers
65112Insurance, reinsurance and pension funding, except compulsory social security
65121Insurance, reinsurance and pension funding, except compulsory social security
65122Insurance, reinsurance and pension funding, except compulsory social security
65200Insurance, reinsurance and pension funding, except compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.