AGENCE ALTER
ActiveAGENCE ALTER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48k and a net result of €57k. Equity is shrinking by ~20.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 25% of 40 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
89
/ 100
Excellent▲ +35 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+33
Solvency50▼-17
Growth38=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.6 against 2.19 in 2023), but 78.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Sector 60
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
25.1%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 40 sector peers (2024).
NBB · sector comparisonPosition among 40 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
39 d early
2021
86 d late
2020
8 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€36k▲ 12.6%
2023 · €32k
2018: €100k
2019: €110k
2020: €84k
2021: €79k
2022: €47k
2023: €32k
2018 → 2024
EBIT margin
160.6%▲ 94.6pp
2023 · 66.0%
2018: -12.4%
2019: -0.2%
2020: -8.1%
2021: -62.6%
2022: -21.3%
2023: 66.0%
2018 → 2024
Net result
€57k▲ 275%
2023 · €15k
2018: €-8k
2019: €3k
2020: €-10k
2021: €-56k
2022: €-17k
2023: €15k
2018 → 2024
Working capital
€158k▲ 54.8%
2023 · €102k
2018: €88k
2019: €129k
2020: €71k
2021: €6k
2022: €-11k
2023: €102k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€84k-€79k▼ 5.7%€47k▼ 41.0%€32k▼ 30.9%€36k▲ 12.6%
Equity€49k-€-7k€-24k▼ 251%€-9k▲ 62.8%€48k
Operating result€-7k-€-50k▼ 629%€-10k▲ 80.0%€21k€59k▲ 174%
Net result€-10k-€-56k▼ 471%€-17k▲ 69.0%€15k€57k▲ 275%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 174% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€7k▼ 7.8%
Current assets
€218k▲ 16.5%
Equity and liabilities €226k
Equity
€48k
Debt
€178k
Debt finances 78.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€59k▲
2023 · €22k
Cash flow
€57k▲
2023 · €16k
Solvency
21.2%▲
2023 · -4.6%
Current ratio
3.60▲
2023 · 2.19
Quick ratio
3.60▲
2023 · 2.19
Debt / equity
3.72▲
2023 · -22.77
ROE
118.8%▲
2023 · -168.5%
ROA
25.1%▲
2023 · 7.7%
Interest coverage
12.13▲
2023 · 3.89
Debt
€178k▼
2023 · €204k
Debt ≤ 1 year
€61k▼
2023 · €85k
Income taxes
€849▲
2023 · €816
Staff costs
€401k▲
2023 · €379k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€195k€226k▲
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€631-
Plant, machinery and equipment23€631-
Financial fixed assets28€7k€7k=
Current assets29/58€187k€218k▲
Amounts receivable within one year40/41€161k€136k▼
Trade receivables40€8k€2k▼
Other amounts receivable41€153k€134k▼
Cash at bank and in hand54/58€22k€79k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€195k€226k▲
Equity10/15€-9k€48k▲
Contributions10/11-€76k
Capital10-€76k
Profit (loss) carried forward14€-85k€-28k▲
Amounts payable17/49€204k€178k▼
Amounts payable within one year42/48€85k€61k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€13k€15k▲
Suppliers440/4€13k€15k▲
Taxes, remuneration and social security45€73k€40k▼
Taxes450/3€2k€599▼
Remuneration and social security454/9€71k€40k▼
Accrued charges and deferred income492/3€119k€117k▼
Income statement
Code20232024
Turnover70€32k€36k▲
Non-recurring operating income76A€0€0=
Goods, raw materials, services and sundry goods60/61€206k€231k▲
Remuneration, social security and pensions62€379k€401k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€631€631=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-879
Other operating charges640/8€3k-
Gross operating margin9900€404k€459k▲
Operating profit (loss)9901€21k€59k▲
Financial income75/76B€230€4k▲
Recurring financial income75€230€4k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€16k€58k▲
Income taxes67/77€816€849▲
Profit (loss) for the period9904€15k€57k▲
Profit (loss) for the period to be appropriated9905€15k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€-28k▲
Profit (loss) brought forward from the previous period14P€-100k€-85k▲
Social balance
Average headcount (FTE)90877.26.2▼
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
2025
16-12
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2025-09-16
- Registered-office move, Rue Mazy 90 à 5100 Jambes (Namur)
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Member admission7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Member admission7 facts ▸
- General meeting, 2025-06-19
- Director resignation, Delphine Mahieu (administrateur)
- Member admission, Laura Leprêtre
- Member admission, Boris Fronteddu
- Director appointment, Laura Leprêtre (administrateur)
- Director appointment, Boris Fronteddu (administrateur)
- Auditor reappointment, 3 ans, 2025-06-07
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €57k ▲275%
Operating result €59k, net result €57k, both a record.
29-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director resignation9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director resignation9 facts ▸
- General meeting, 2024-06-20
- Director reappointment, Esther Durin (administrateur)
- Director resignation, Milèna Chantraine (administrateur)
- Director resignation, Gaétan Gras (administrateur)
- Member resignation, Milèna Chantraine
- Member resignation, Céline Rémy
- Member resignation, Marie-Eve Merckx
- Director appointment, Antoine Masquelin (délégué à la gestion journalière)
- Director resignation, Marie-Eve Merckx (déléguée à la gestion journalière)
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
29-01
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Deed · Statutes amendment10 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Deed · Statutes amendment10 facts ▸
- General meeting, 2023-12-14
- Deed, 2023-12-15
- Statutes amendment
- Corporate purpose, L'Agence Alter a pour but de contribuer à plus de justice sociale et de démocratie en mettant en lumière les mécanismes d'inégalités et en favorisant le pouvoir…
- Member resignation, Laurence Dierickx (membre)
- Member resignation, Marinette Mormont (membre)
- Member resignation, Sandrine Warsztacki (membre)
- Member resignation, Gaëlle Francard (membre)
- Member resignation, Marc Trullemans (membre)
- Director appointment, Thibault Koten (administrateur)
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.19
Current ratio from 0.94 to 2.19; short-term debt falls from €176k to €85k.
14-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Member resignation7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Member resignation7 facts ▸
- General meeting, 2023-06-15
- Director reappointment, Gaétan GRAS (Administrateur)
- Member resignation, Philippe KESTEMONT
- Member resignation, Lucie KASTEL
- Member resignation, Bruno GILAIN
- Member resignation, Céline NIEUWENHUYS
- Member resignation, María-Sabina AMATO
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-12
State Gazette act
Resignations & appointmentsGeneral meeting · Member admission · Director reappointment13 facts ▸
State Gazette act
Resignations & appointments
General meeting · Member admission · Director reappointment13 facts ▸
- General meeting, 2022-10-11
- Member admission, Pierre Jassogne (Membre de l'Assemblée Générale)
- Member admission, Clara Van Reeth (Membre de l'Assemblée Générale)
- Director reappointment, Delphine Mahieu (Administrateur)
- Director reappointment, Milèna Chantraine (Administrateur)
- Auditor reappointment, Commissaire, 3 ans
- Member resignation, Barbara Gonzalez (Membre de l'Assemblée Générale)
- Member resignation, Lucie Castel (Membre de l'Assemblée Générale)
- Member resignation, Justine Vleminckx (Membre de l'Assemblée Générale)
- Power of attorney, Chaïma El Yahiaoui (Gestion journalière)
- Power of attorney, Joël Quenum (Coordinateur administratif et financier)
- Power of attorney, Guido Sirletti (Gestion journalière)
- +1 further facts in this act
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
06-10
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Member admission16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Member admission16 facts ▸
- General meeting, 2020-06-18
- Director appointment, Gaëtan Gras (administrateur)
- Member admission, Chahr Hadji
- Member admission, Sandra Evrard
- Member resignation, André Linard
- Member resignation, Ariane Molderez
- General meeting, 2021-06-23
- Director appointment, Esther Durin (administrateur)
- Director resignation, Justine Vleminckx (administrateur)
- Member resignation, Marc Sinaeve
- Member resignation, Francoise De Bue
- Member admission, Flavien Gilié
- +4 further facts in this act
2021
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
23-01
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director resignation5 facts ▸
- General meeting, 2019-11-28
- Director appointment, Deiphine Mahieu (administrateur)
- Director appointment, Justine Vleminckx (administrateur)
- Director resignation, Céline Nieuwenhuys (administrateur)
- Director resignation, Florence Le Cam (administrateur)
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director resignation8 facts ▸
- General meeting, 2019-06-06
- Director appointment, Milena Chantraine (administrateur)
- Director resignation, Vincent Oury (administrateur)
- Director resignation, André Linard (administrateur)
- Director resignation, Marc Sinnaeve (administrateur)
- Auditor reappointment, commissaire, 3 ans
- Board composition, administrateur, 2019-06-06
- Board composition, administrateur, 2019-06-06
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
05-04
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director reappointment21 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director reappointment21 facts ▸
- General meeting, 2017-05-11
- Director appointment, Florence Le Cam (administrateur)
- Director appointment, Céline Nieuwenhuys (administrateur)
- Director reappointment, Abraham Franssen (administrateur)
- General meeting, 2018-06-25
- Director resignation, Abraham Franssen (administrateur)
- Director resignation, Michel Genet (administrateur)
- Director resignation, Mark Trulleman (administrateur)
- Director resignation, Stijn Bredo (administrateur)
- Director appointment, André Linard (administrateur)
- Director appointment, Marc Sinnaeve (administrateur)
- Board meeting, 2018-09-17
- +9 further facts in this act
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Corporate purpose22 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Corporate purpose22 facts ▸
- General meeting, 2015-05-21
- Statutes amendment
- Corporate purpose, L'association a pour but d'œuvrer au renforcement des droits économiques, sociaux, politiques et cuiturels des générations actuelles et futures. Pour ce faire,…
- Director reappointment, Mark Trullemans (administrateur)
- Director reappointment, Pierre Malaise (administrateur)
- Director reappointment, Vincent Oury (administrateur)
- Director reappointment, Stijn Bredo (administrateur)
- Director appointment, Laurence Van Ruymbeke (administrateur)
- General meeting, 2016-05-19
- Director resignation, Pierre Malaise (administrateur)
- Director resignation, Laurence Van Ruymbeke (administrateur)
- Director appointment, Michel Genet (administrateur)
- +10 further facts in this act
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
10-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 2014-04-24
- Director appointment, Abraham Franssen (administrateur)
2013
17-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Statutes amendment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Statutes amendment4 facts ▸
- General meeting, 2013-05-14
- Director resignation, Laurence Jenard (administratrice)
- Statutes amendment
- Auditor reappointment, 2.500 EUROS, hors TVA, 3 ans
20-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment6 facts ▸
- General meeting, 2012-06-26
- Director resignation, Ariane MOLDEREZ (administratrice)
- Director reappointment, Pierre Malaise (administrateur)
- Director reappointment, Mark Trullemans (administrateur)
- Director reappointment, Stijn Bredo (administrateur)
- Director appointment, Vincent Oury (administrateur)
2012
19-03
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney2 facts ▸
- Board meeting, 2012-02-15
- Power of attorney, Aude Garelly (directrice)
2011
12-07
State Gazette act
Registered office · Statutes amendment · Resignations & appointmentsGeneral meeting · Director appointment · Registered-office move7 facts ▸
State Gazette act
Registered office · Statutes amendment · Resignations & appointments
General meeting · Director appointment · Registered-office move7 facts ▸
- General meeting, 2011-04-26
- Director appointment, Ariane MOLDEREZ (administratrice)
- Registered-office move, Rue Lucien Namèche 2B à 5000 Namur
- Board meeting, 2011-05-25
- Power of attorney, Aude Garelly (directrice adjointe)
- Power of attorney, Pierre Malaise
- Power of attorney, Laurence Jenard
2010
13-08
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Director reappointment7 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Director reappointment7 facts ▸
- General meeting, 2010-05-31
- Statutes amendment
- Director reappointment, Laurence JENARD (administratrice)
- Director resignation, Michel GENET (administrateur)
- Auditor reappointment, Commissaire aux comptes, 3 ans
- Board meeting, 2010-06-22
- Power of attorney, Thomas Lemaigre
2007
16-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Auditor reappointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Auditor reappointment8 facts ▸
- General meeting, 2007-06-05
- Director resignation, Pierre Verbeeren (administrateur)
- Auditor reappointment, Commissaire aux comptes, 3 ans
- Director reappointment, Bernard Francq (administrateur)
- Director reappointment, Bernard Francq (président du CA)
- Director appointment, Laurence Jenard (administratrice)
- Registered-office move, Avenue Cardinal Mercier 53 à 5000 Namur
- Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
36 directors, no change since 2025
Abraham Franssen
Not recently confirmedDirector · since 24-04-2014
Mark Trullemans
Not recently confirmedDirector
Vincent Oury
Not recently confirmedDirector · since 26-06-2012
Laurence Jenard
Not recently confirmedDirector · since 05-06-2007
Bernard Francq
Not recently confirmedPrésident du ca
19-06-2025
Delphine Mahieu: Resigned as Director
29-08-2024
Marie-Eve Merckx: Resigned as Managing director
20-06-2024
Gaétan Gras: Resigned as Director
20-06-2024
Milèna Chantraine: Resigned as Director
29-01-2024
Gaëlle Francard: Resigned as Director
29-01-2024
Laurence Dierickx: Resigned as Director
29-01-2024
Marc Trullemans: Resigned as Director
29-01-2024
Marinette Mormont: Resigned as Director
29-01-2024
Sandrine Warsztacki: Resigned as Director
15-06-2023
Bruno GILAIN: Resigned as Director
15-06-2023
Céline NIEUWENHUYS: Resigned as Director
15-06-2023
Esther Durin: Resigned as Director
15-06-2023
Lucie KASTEL: Resigned as Director
15-06-2023
María-Sabina AMATO: Resigned as Director
15-06-2023
Philippe KESTEMONT: Resigned as Director
11-10-2022
Barbara Gonzalez: Resigned as Director
11-10-2022
Justine Vleminckx: Resigned as Director
11-10-2022
Lucie Castel: Resigned as Director
23-06-2021
Justine Vleminckx: Resigned as Director
23-06-2021
Francoise De Bue: Resigned as Director
23-06-2021
Marc Sinaeve: Resigned as Director
18-06-2020
André Linard: Resigned as Director
18-06-2020
Ariane MOLDEREZ: Resigned as Director
23-01-2020
Céline NIEUWENHUYS: Resigned as Director
+ 19 not shown in this overview
Location & real-estate footprint
Registered office, Namur · 2 establishment units since 1995
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.
Rue Mazy(JB) 905100 NamurGround area
2,476 m²
Building footprint
602 m²
Volume, LiDAR
8,129 m³
3 parcels, Brussels, Wallonia · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
AGENCE ALTER
since 19952.163.019.034
Agence Alter - siège administratif
since 20122.217.489.284
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92067B0528/00A000 | Wallonia | 2,096 m² | 1 · 260 m² | 19.1 m · 5 fl. |
| 21562A0151/00Y007 | Brussels | 285 m² | 1 · 290 m² | 17.6 m · 5 fl. |
| 92094C0163/00S002 | Wallonia | 95 m² | 1 · 52 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Fernand Maillard Commissaire aux comptes | 05-06-2007 → 13-08-2010 |
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared director
→
Shared director
→
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Of 719 companies in sector 60310 we hold annual accounts for 156. 126 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded09-11-1995
Fiscal year end31-12
Abbreviation FR
E.F.P.E.
Activities, NACEBEL
60310News agency activities
63910Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.