Summary
ALTERFIN 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 €72.41M and a net result of €733k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 43% of 5527 sector peers (fiscal year 2025). The company has been active since 1994 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
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
95 d early
2023
100 d early
2022
98 d early
2021
89 d early
2020
95 d early
2019
56 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, abbreviated schema
Equity
€72.41M▼ 1.5%
2024 · €73.49M
2018: €63.84M
2019: €66.35M
2020: €67.77M
2021: €69.80M
2022: €72.46M
2023: €73.07M
2024: €73.49M
2018 → 2025
Net result
€733k▼ 12.6%
2024 · €839k
2018: €1.01M
2019: €785k
2020: €415k
2021: €1.04M
2022: €1.13M
2023: €832k
2024: €839k
2018 → 2025
Total assets
€164.30M▼ 2.5%
2024 · €168.58M
2018: €119.05M
2019: €134.37M
2020: €125.85M
2021: €134.10M
2022: €151.32M
2023: €165.55M
2024: €168.58M
2018 → 2025
Solvency
44.1%▲ 0.5pp
2024 · 43.6%
2018: 53.6%
2019: 49.4%
2020: 53.9%
2021: 52.0%
2022: 47.9%
2023: 44.1%
2024: 43.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€742k-€745k▲ 0.4%€882k▲ 18.3%€1.08M▲ 22.4%€1.13M▲ 4.7%
Equity€69.80M-€72.46M▲ 3.8%€73.07M▲ 0.8%€73.49M▲ 0.6%€72.41M▼ 1.5%
Operating result€-3.56M-€-4.13M▼ 16.0%€-2.89M▲ 30.1%€-3.84M▼ 32.9%€-4.26M▼ 11.2%
Net result€1.04M-€1.13M▲ 8.4%€832k▼ 26.1%€839k▲ 0.8%€733k▼ 12.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4.26M in 2025 against €3.84M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164.30M
Fixed assets
€3.47M ▼ 4.0%
Current assets
€160.84M ▼ 2.5%
Equity and liabilities €164.30M
Equity
€72.41M ▼ 1.5%
Provisions
€22k
Debt
€91.87M ▼ 3.4%
Debt's share of the balance-sheet total falls from 56.4% to 55.9%. Equity and debt are lower.
Key figures and ratios
ROE
1.0%▼
2024 · 1.1%
ROA
0.4%▼
2024 · 0.5%
Debt ≤ 1 year
€81.96M▲
2024 · €76.80M
Debt > 1 year
€8.98M▼
2024 · €17.04M
Income taxes
€180k▲
2024 · €174k
Staff costs
€1.97M▲
2024 · €1.81M
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€168.58M€164.30M▼
Fixed assets21/28€3.61M€3.47M▼
Intangible fixed assets21€315k€287k▼
Tangible fixed assets22/27€11k€27k▲
Furniture and vehicles24€11k€27k▲
Financial fixed assets28€3.29M€3.15M▼
Current assets29/58€164.97M€160.84M▼
Amounts receivable after more than one year29€64.51M€48.48M▼
Other amounts receivable291€64.51M€48.48M▼
Amounts receivable within one year40/41€35.50M€44.22M▲
Trade receivables40€92k€109k▲
Other amounts receivable41€35.40M€44.11M▲
Current investments50/53€61.86M€64.09M▲
Cash at bank and in hand54/58€86k€1.25M▲
Deferred charges and accrued income490/1€3.01M€2.79M▼
Equity and liabilities
Total equity and liabilities10/49€168.58M€164.30M▼
Equity10/15€73.49M€72.41M▼
Contributions10/11€70.81M€69.70M▼
Reserves13€2.67M€2.71M▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€2.66M€2.70M▲
Investment grants15€4k€2k▼
Provisions and deferred taxes16-€22k
Provisions for liabilities and charges160/5-€22k
Other liabilities and charges164/5-€22k
Amounts payable17/49€95.09M€91.87M▼
Amounts payable after more than one year17€17.04M€8.98M▼
Financial debts170/4€17.04M€8.98M▼
Amounts payable within one year42/48€76.80M€81.96M▲
Current portion of amounts payable after more than one year42€1.85M€6.27M▲
Financial debts43€71.59M€72.59M▲
Credit institutions430/8€71.59M€72.59M▲
Trade debts44€426k€417k▼
Suppliers440/4€426k€417k▼
Taxes, remuneration and social security45€211k€304k▲
Taxes450/3€14k€139k▲
Remuneration and social security454/9€197k€165k▼
Other amounts payable47/48€2.72M€2.38M▼
Accrued charges and deferred income492/3€1.25M€926k▼
Income statement
Code20242025
Turnover70€1.08M€1.13M▲
Non-recurring operating income76A€1k€95k▲
Goods, raw materials, services and sundry goods60/61€1.59M€1.65M▲
Remuneration, social security and pensions62€1.81M€1.97M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€132k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€878k€-32k▼
Other operating charges640/8€674k€1.76M▲
Gross operating margin9900€-338k€-430k▼
Operating profit (loss)9901€-3.84M€-4.26M▼
Financial income75/76B€9.92M€8.83M▼
Recurring financial income75€9.92M€8.83M▼
Financial charges65/66B€5.07M€3.66M▼
Recurring financial charges65€4.99M€3.44M▼
Non-recurring financial charges66B€75k€215k▲
Profit (loss) for the period before taxes9903€1.01M€913k▼
Income taxes67/77€174k€180k▲
Profit (loss) for the period9904€839k€733k▼
Profit (loss) for the period to be appropriated9905€839k€733k▼
Appropriation of the result
Profit (loss) to be appropriated9906€839k€733k▼
Transfer to equity691/2€144k€38k▼
To other reserves6921€144k€38k▼
Profit to be distributed694/7€695k€696k▲
Return on contributions (dividend)694€695k€696k▲
Social balance
Average headcount (FTE)908718.218.6▲
The notes to these accounts (27 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.13M ▲8.4%
Net result €1.13M, the highest in the series.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €415k ▼47.1%
Net result drops to €415k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
Directors · office · real estate
Directors
20 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, Sint-Joost-ten-Node · 1 establishment unit since 1994
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.
Liefdadigheidsstraat 18-261210 Sint-Joost-ten-NodeGround area
1,230 m²
Building footprint
1,052 m²
Volume, LiDAR
21,218 m³
Parcel 21572B0357/00L000, Brussels · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ALTERFIN
since 19942.069.236.266
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0357/00L000 | Brussels | 1,230 m² | 1 · 1,052 m² | 25.2 m · 7 fl. |
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.
Public money · subsidies and aid
Federal government
2023 to 2024 · 2 entries · 450,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Buitenlandse Zaken | 1 | 180,000 EUR |
| 2023 | FOD Buitenlandse Zaken | 1 | 270,000 EUR |
Budget allocations
Steun aan de ontwikkeling van de lokale private sector, steun aan de handel en partnerschap met de private sector in het kader van de uitvoering van de duurzame ontwikkelingsdoelstellingen van de Agenda 2030 (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
Recognitions · licences · registrations
Legal Entity Identifier
5493007UEXF0EDW8LO56
Similar companies · same sector, comparable size
GALIMMO REAL ESTATE
BE 0873.668.508
Seneffe · Eq €72.24M
DEBINCO
BE 0466.355.214
Ieper · Eq €71.89M
T.T. HOLDINGS
BE 0712.691.464
Kortrijk · Eq €71.79M
SODEBA
BE 0831.116.586
Grimbergen · Eq €71.61M
Alliance pour une Coordination Active de Distribution Internationale et Européenne
BE 0452.678.313
Tournai · Eq €73.67M
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 2,202 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 formCooperative company
Founded16-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.