S.B. Aalter
ActiveSummary
S.B. Aalter has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389k and a net result of €31k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-5
Solvency69▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 4.66 in 2024; short-term debt: 27.9% and cash: 5.4% of total assets), but 55.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.5%
Return on assets
3.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
4 d late
2023
34 d early
2022
21 d early
2021
17 d early
2020
26 d late
2019
61 d late
← 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, micro schema
Equity
€389k▼ 10.3%
2024 · €434k
2018: €121klowest in 8 years
2019: €145k▲ +20.1% vs 2018
2020: €185k▲ +27.5% vs 2019
2021: €231k▲ +24.5% vs 2020
2022: €280k▲ +21.5% vs 2021
2023: €341k▲ +21.5% vs 2022
2024: €434k▲ +27.3% vs 2023highest in 8 years
2025: €389k▼ -10.3% vs 2024
2018 → 2025
Total assets
€875k▼ 3.0%
2024 · €902k
2018: €450k
2019: €287k▼ -36.3% vs 2018lowest in 8 years
2020: €315k▲ +9.7% vs 2019
2021: €340k▲ +8.2% vs 2020
2022: €409k▲ +20.2% vs 2021
2023: €428k▲ +4.5% vs 2022
2024: €902k▲ +111% vs 2023highest in 8 years
2025: €875k▼ -3.0% vs 2024
2018 → 2025
Net result
€31k▼ 54.6%
2024 · €68k
2018: €10klowest in 8 years
2019: €24k▲ +152% vs 2018
2020: €40k▲ +64.3% vs 2019
2021: €45k▲ +13.8% vs 2020
2022: €50k▲ +9.1% vs 2021
2023: €69k▲ +39.7% vs 2022highest in 8 years
2024: €68k▼ -1.9% vs 2023
2025: €31k▼ -54.6% vs 2024
2018 → 2025
Working capital
€346k▼ 25.1%
2024 · €462k
2018: €-7klowest in 8 years
2019: €24k▲ +442% vs 2018
2020: €122k▲ +410% vs 2019
2021: €165k▲ +34.4% vs 2020
2022: €204k▲ +23.7% vs 2021
2023: €250k▲ +23.0% vs 2022
2024: €462k▲ +84.5% vs 2023highest in 8 years
2025: €346k▼ -25.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€280k▲ 21.5%€341k▲ 21.5%€434k▲ 27.3%€389k▼ 10.3%
2021: €231klowest in 5 years
2022: €280k▲ +21.5% vs 2021
2023: €341k▲ +21.5% vs 2022
2024: €434k▲ +27.3% vs 2023highest in 5 years
2025: €389k▼ -10.3% vs 2024
Operating result€65k-€67k▲ 4.5%€88k▲ 30.0%€92k▲ 5.3%€58k▼ 37.5%
2021: €65k
2022: €67k▲ +4.5% vs 2021
2023: €88k▲ +30.0% vs 2022
2024: €92k▲ +5.3% vs 2023highest in 5 years
2025: €58k▼ -37.5% vs 2024lowest in 5 years
Net result€45k-€50k▲ 9.1%€69k▲ 39.7%€68k▼ 1.9%€31k▼ 54.6%
2021: €45k
2022: €50k▲ +9.1% vs 2021
2023: €69k▲ +39.7% vs 2022highest in 5 years
2024: €68k▼ -1.9% vs 2023
2025: €31k▼ -54.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875k
Fixed assets
€284k ▼ 9.3%
Current assets
€590k ▲ 0.3%
Equity and liabilities €875k
Equity
€389k ▼ 10.3%
Provisions
€26k
Debt
€460k ▼ 1.9%
Debt's share of the balance-sheet total rises from 51.9% to 52.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€90k▼
2024 · €114k
Cash flow
€63k▼
2024 · €90k
Current ratio
2.42▼
2024 · 4.66
Quick ratio
1.97▼
2024 · 2.80
Debt to equity
1.18▲
2024 · 1.08
ROE
7.9%▼
2024 · 15.7%
ROA
3.5%▼
2024 · 7.5%
Interest coverage
6.75▼
2024 · 33.89
Debt ≤ 1 year
€244k▲
2024 · €126k
Debt > 1 year
€183k▼
2024 · €324k
Income taxes
€20k▼
2024 · €28k
Staff costs
€96k▼
2024 · €96k
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€902k€875k▼
Fixed assets21/28€314k€284k▼
Tangible fixed assets22/27€289k€259k▼
Land and buildings22€283k€253k▼
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€663€447▼
Financial fixed assets28€25k€25k=
Current assets29/58€588k€590k▲
Amounts receivable after more than one year29€151k€214k▲
Other amounts receivable291€151k€214k▲
Stocks and contracts in progress3€235k€110k▼
Stocks30/36€235k€110k▼
Amounts receivable within one year40/41€132k€197k▲
Trade receivables40€74k€53k▼
Other amounts receivable41€59k€145k▲
Current investments50/53€3k€12k▲
Cash at bank and in hand54/58€61k€47k▼
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€902k€875k▼
Equity10/15€434k€389k▼
Contributions10/11€31k€31k=
Reserves13€402k€358k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€402k€358k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16-€26k
Provisions for liabilities and charges160/5-€26k
Other liabilities and charges164/5-€26k
Amounts payable17/49€468k€460k▼
Amounts payable after more than one year17€324k€183k▼
Financial debts170/4€324k€183k▼
Amounts payable within one year42/48€126k€244k▲
Current portion of amounts payable after more than one year42€18k€13k▼
Trade debts44€54k€31k▼
Suppliers440/4€54k€31k▼
Taxes, remuneration and social security45€48k€37k▼
Taxes450/3€29k€21k▼
Remuneration and social security454/9€19k€17k▼
Other amounts payable47/48€6k€162k▲
Accrued charges and deferred income492/3€18k€32k▲
Income statement
Code20242025
Non-recurring operating income76A€74€350▲
Remuneration, social security and pensions62€96k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€32k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€26k
Other operating charges640/8€3k€3k▲
Gross operating margin9900€212k€214k▲
Operating profit (loss)9901€92k€58k▼
Financial income75/76B€7k€6k▼
Recurring financial income75€7k€6k▼
Financial charges65/66B€3k€13k▲
Recurring financial charges65€3k€13k▲
Profit (loss) for the period before taxes9903€96k€51k▼
Income taxes67/77€28k€20k▼
Profit (loss) for the period9904€68k€31k▼
Profit (loss) for the period to be appropriated9905€68k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€31k▼
Transfer from equity791/2-€75k
Transfer to equity691/2€68k€31k▼
To other reserves6921€68k€31k▼
Profit to be distributed694/7€0€75k▲
Return on contributions (dividend)694-€75k
Directors or managers695€0-
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €0 | - | €74 | €350 | ▲ 370% |
| Remuneration, social security and pensions62 | €86k | €90k | €101k | €96k | €96k | ▼ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €7k | €6k | €22k | €32k | ▲ 48.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €26k | - |
| Other operating charges640/8 | €2k | €4k | €3k | €3k | €3k | ▲ 22.0% |
| Gross operating margin9900 | €169k | €169k | €197k | €212k | €214k | ▲ 1.0% |
| Operating profit (loss)9901 | €65k | €67k | €88k | €92k | €58k | ▼ 37.5% |
| Financial income75/76B | €2k | €5k | €7k | €7k | €6k | ▼ 9.8% |
| Recurring financial income75 | €2k | €5k | €7k | €7k | €6k | ▼ 9.8% |
| Financial charges65/66B | €4k | €4k | €4k | €3k | €13k | ▲ 295% |
| Recurring financial charges65 | €4k | €4k | €4k | €3k | €13k | ▲ 295% |
| Profit (loss) for the period before taxes9903 | €62k | €69k | €90k | €96k | €51k | ▼ 47.1% |
| Income taxes67/77 | €17k | €20k | €21k | €28k | €20k | ▼ 28.9% |
| Profit (loss) for the period9904 | €45k | €50k | €69k | €68k | €31k | ▼ 54.6% |
| Profit (loss) for the period to be appropriated9905 | €45k | €50k | €69k | €68k | €31k | ▼ 54.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340k | €409k | €428k | €902k | €875k | ▼ 3.0% |
| Fixed assets21/28 | €104k | €99k | €97k | €314k | €284k | ▼ 9.3% |
| Tangible fixed assets22/27 | €104k | €99k | €97k | €289k | €259k | ▼ 10.2% |
| Land and buildings22 | €0 | €681 | €352 | €283k | €253k | ▼ 10.5% |
| Plant, machinery and equipment23 | €530 | €1k | €2k | €5k | €5k | ▲ 14.8% |
| Furniture and vehicles24 | €654 | €349 | €236 | €663 | €447 | ▼ 32.5% |
| Leasing and similar rights25 | €103k | €97k | €95k | - | - | - |
| Financial fixed assets28 | €50 | €50 | €83 | €25k | €25k | = |
| Current assets29/58 | €237k | €310k | €331k | €588k | €590k | ▲ 0.3% |
| Amounts receivable after more than one year29 | €8k | €41k | €194k | €151k | €214k | ▲ 41.8% |
| Other amounts receivable291 | €8k | €41k | €194k | €151k | €214k | ▲ 41.8% |
| Stocks and contracts in progress3 | - | - | - | €235k | €110k | ▼ 53.1% |
| Stocks30/36 | - | - | - | €235k | €110k | ▼ 53.1% |
| Amounts receivable within one year40/41 | €188k | €236k | €102k | €132k | €197k | ▲ 49.0% |
| Trade receivables40 | €21k | €30k | €28k | €74k | €53k | ▼ 28.3% |
| Other amounts receivable41 | €167k | €205k | €74k | €59k | €145k | ▲ 146% |
| Current investments50/53 | €0 | - | - | €3k | €12k | ▲ 310% |
| Cash at bank and in hand54/58 | €35k | €26k | €28k | €61k | €47k | ▼ 22.7% |
| Deferred charges and accrued income490/1 | €5k | €8k | €7k | €6k | €9k | ▲ 63.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340k | €409k | €428k | €902k | €875k | ▼ 3.0% |
| Equity10/15 | €231k | €280k | €341k | €434k | €389k | ▼ 10.3% |
| Contributions10/11 | €6k | €6k | €6k | €31k | €31k | = |
| Reserves13 | €225k | €274k | €334k | €402k | €358k | ▼ 11.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €223k | €272k | €333k | €402k | €358k | ▼ 11.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €26k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €26k | - |
| Other liabilities and charges164/5 | - | - | - | - | €26k | - |
| Amounts payable17/49 | €109k | €129k | €87k | €468k | €460k | ▼ 1.9% |
| Amounts payable after more than one year17 | €36k | €21k | €5k | €324k | €183k | ▼ 43.5% |
| Financial debts170/4 | €36k | €21k | €5k | €324k | €183k | ▼ 43.5% |
| Amounts payable within one year42/48 | €72k | €107k | €80k | €126k | €244k | ▲ 93.4% |
| Current portion of amounts payable after more than one year42 | €15k | €20k | €15k | €18k | €13k | ▼ 26.4% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €9k | €15k | €8k | €54k | €31k | ▼ 42.7% |
| Suppliers440/4 | €9k | €15k | €8k | €54k | €31k | ▼ 42.7% |
| Taxes, remuneration and social security45 | €27k | €27k | €39k | €48k | €37k | ▼ 22.3% |
| Taxes450/3 | €9k | €9k | €16k | €29k | €21k | ▼ 29.9% |
| Remuneration and social security454/9 | €18k | €18k | €23k | €19k | €17k | ▼ 10.2% |
| Other amounts payable47/48 | €21k | €44k | €17k | €6k | €162k | ▲ 2,568% |
| Accrued charges and deferred income492/3 | €2k | €1k | €2k | €18k | €32k | ▲ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €50k | €69k | €68k | €31k | ▼ 54.6% |
| + Depreciation and write-downs630 | €17k | €7k | €6k | €22k | €32k | ▲ 48.3% |
| Operating cash flow (approximation) | €62k | €57k | €75k | €90k | €63k | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-4k | €-238k | €-3k | ▲ 98.8% |
| Change in cash | - | €-10k | €2k | €33k | €-14k | ▼ 142% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €69k ▲39.7%
Net result €69k, the highest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €231k ▲24.5%
4 profitable years in a row build equity to €231k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.60
Current ratio from 1.17 to 2.60; short-term debt falls from €141k to €77k.
31-12
Financial
Equity above €150kEq €185k ▲27.5%
3 profitable years in a row build equity to €185k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
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, Aalter · 1 establishment unit since 1999
Ground area
3,460 m²
Building footprint
969 m²
Volume, LiDAR
9,607 m³
2 parcels, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
STANDAARD BOEKHANDEL AALTER
since 19992.092.019.388
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44009C0027/00C000 | Flanders | 2,383 m² | 1 · 288 m² | 6.7 m · 1 fl. |
| 44502C0019/00F000 | Flanders | 1,077 m² | 1 · 681 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 4,920 EUR awarded · 4,920 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,920 EUR | 1,920 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500F36940R3E5D063
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Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 873 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
Founded04-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
92000Gambling and betting activities
Scores and ratios are computed by Checked and are not a credit decision.