ALTER FINANCE
ActiveSummary
ALTER FINANCE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 84% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 7.21 against 4.18 in 2024; short-term debt: 13.8% of total assets), and 13.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
86.2%
Return on assets
-36.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
45 d early
2023
12 d early
2022
7 d early
2021
on the day
2020
31 d late
2019
49 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 29.7%
2024 · €24k
2018: €-16k
2019: €-23k
2020: €24k
2021: €14k
2022: €13k
2023: €26k
2024: €24k
2018 → 2025
Total assets
€20k▼ 37.6%
2024 · €31k
2018: €43k
2019: €49k
2020: €62k
2021: €49k
2022: €42k
2023: €61k
2024: €31k
2018 → 2025
Net result
€-7k▼ 356%
2024 · €-2k
2018: €-28k
2019: €-7k
2020: €47k
2021: €98
2022: €-628
2023: €12k
2024: €-2k
2018 → 2025
Working capital
€17k▼ 28.4%
2024 · €23k
2018: €-54k
2019: €-69k
2020: €-19k
2021: €-24k
2022: €-18k
2023: €-6k
2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€13k▼ 4.5%€26k▲ 90.1%€24k▼ 6.1%€17k▼ 29.7%
Operating result€543-€-39€17k€-35€2k
Net result€98-€-628€12k€-2k€-7k▼ 356%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €35 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€159 ▼ 76.3%
Current assets
€19k ▼ 36.7%
Equity and liabilities €20k
Equity
€17k ▼ 29.7%
Debt
€3k ▼ 63.4%
Debt's share of the balance-sheet total falls from 23.4% to 13.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €477
Cash flow
€-7k▼
2024 · €-1k
Current ratio
7.21▲
2024 · 4.18
Debt to equity
0.16▼
2024 · 0.31
ROE
-42.2%▼
2024 · -6.5%
ROA
-36.4%▼
2024 · -5.0%
Interest coverage
0.33▼
2024 · 1.14
Debt ≤ 1 year
€3k▼
2024 · €7k
Income taxes
€1k▼
2024 · €1k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31k€20k▼
Fixed assets21/28€671€159▼
Tangible fixed assets22/27€671€159▼
Furniture and vehicles24€671€159▼
Current assets29/58€31k€19k▼
Amounts receivable within one year40/41€8k€19k▲
Trade receivables40-€10k
Other amounts receivable41€8k€10k▲
Current investments50/53€8k-
Cash at bank and in hand54/58€14k-
Deferred charges and accrued income490/1€724-
Equity and liabilities
Total equity and liabilities10/49€31k€20k▼
Equity10/15€24k€17k▼
Contributions10/11€6k€6k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€3k€-4k▼
Amounts payable17/49€7k€3k▼
Amounts payable within one year42/48€7k€3k▼
Financial debts43-€30
Credit institutions430/8-€30
Trade debts44€1k€500▼
Suppliers440/4€1k€500▼
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€512€512=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€2k€4k▲
Operating profit (loss)9901€-35€2k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€418€8k▲
Recurring financial charges65€418€8k▲
Profit (loss) for the period before taxes9903€-453€-6k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-2k€-7k▼
Profit (loss) for the period to be appropriated9905€-2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-4k▼
Profit (loss) brought forward from the previous period14P€5k€3k▼
The notes to these accounts (5 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
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 4.18
Current ratio from 0.84 to 4.18; short-term debt falls from €35k to €7k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €47k
Net result €47k after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Liège · 1 establishment unit since 2008
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 de Fétinne 584020 LiègeGround area
944 m²
Building footprint
235 m²
Volume, LiDAR
354 m³
Parcel 62806C0394/00Y000, Wallonia · tallest building 4.6 m. Linked by address, not a title deed.
1 establishment unit
ALTER FINANCE
since 20082.175.622.896
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0394/00Y000 | Wallonia | 944 m² | 1 · 235 m² | 4.6 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Legal Entity Identifier
875500YQETB498OBS344
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 28,766 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.