What does AELTERMAN do?

AELTERMAN is a machinery manufacturer in Gent. Private Limited, started on 1 January 1968, 1 establishment.

What is the address of AELTERMAN?

The registered office of AELTERMAN is located at Christoffel Columbuslaan 5, 9042 Gent.

Is AELTERMAN still active?

Yes. According to the CBE (29 October 2026) AELTERMAN is active, legal situation “Normale toestand”, started on 1 January 1968.

Is AELTERMAN registered on Peppol?

Yes, AELTERMAN is registered on the Peppol network with ID 0208:0400120446.

What is the enterprise number of AELTERMAN?

The enterprise number of AELTERMAN is BE0400120446.

When was AELTERMAN founded?

AELTERMAN was founded on 1 January 1968.

Who are the directors of AELTERMAN?

According to the 2025 annual accounts, the directors of AELTERMAN are: Adkosy BV, Elconstruct BV, Robert Hoornaert, Matthias Hoornaert.

Is AELTERMAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did AELTERMAN make in 2025?

AELTERMAN posted a profit after taxes of € 2,695,438 in financial year 2025.

What is the revenue of AELTERMAN?

In its most recent annual accounts (2025), AELTERMAN reported revenue of € 47,334,358.

How much does an employee at AELTERMAN earn?

The average wage cost per full-time employee at AELTERMAN was € 75,800 in 2025: staff costs of € 5.4 million for 71.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does AELTERMAN have?

According to the 2025 annual accounts, AELTERMAN has 71.2 full-time equivalents (FTE).

AELTERMAN (Private Limited) - Gent - BE0400120446

Dossier AELTERMAN, printed on 29 October 2026 from databakkes.be/en/0400120446/aelterman. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

AELTERMAN from Gent, company number BE0400120446, closed financial year 2025 with a result of € 2.7 million after tax. For that financial year AELTERMAN recorded revenue of € 47.3 million and equity of € 10.6 million. Compared with financial year 2024, the result moved from € 756,277 to € 2.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.

What it is worth Growing

€ 10.6 million

▲ 13% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 2.7 million

▲ 256% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.7 million

▲ 124% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.5 million paid out

56 % of the profit went to the shareholders, mostly to AELTERMAN CONTRACTING & ENGINEERING (94 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

71.2

▲ 5.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 5.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 5.4 million

▲ 13% vs 2024

€ 75,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 224,616

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.6 million

▲ 43% vs 2024

€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 9.1 million

▼ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 98 days on average.

Taxes and wages

€ 892,089

▲ 22% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 32,574,554 Revenue 2022: € 32,574,554 First fiscal year in the series	€ 33,620,048 Revenue 2023: € 33,620,048 ▲ 3% vs 2022 (€ 32,574,554) Favourable step	€ 33,158,644 Revenue 2024: € 33,158,644 ▼ 1% vs 2023 (€ 33,620,048) Unfavourable step	€ 47,334,358 Revenue 2025: € 47,334,358 ▲ 43% vs 2024 (€ 33,158,644) Favourable step	▲ 43%
Profit after taxes	€ -9,774 Profit after taxes 2022: € -9,774 First fiscal year in the series	€ 1,535,763 Profit after taxes 2023: € 1,535,763 ▲ € 1.5 million vs 2022 (€ -9,774) Favourable step	€ 756,277 Profit after taxes 2024: € 756,277 ▼ 51% vs 2023 (€ 1,535,763) Unfavourable step	€ 2,695,438 Profit after taxes 2025: € 2,695,438 ▲ 256% vs 2024 (€ 756,277) Favourable step	▲ 256%
Equity	€ 7,996,868 Equity 2022: € 7,996,868 First fiscal year in the series	€ 8,672,632 Equity 2023: € 8,672,632 ▲ 8% vs 2022 (€ 7,996,868) Favourable step	€ 9,428,909 Equity 2024: € 9,428,909 ▲ 9% vs 2023 (€ 8,672,632) Favourable step	€ 10,624,347 Equity 2025: € 10,624,347 ▲ 13% vs 2024 (€ 9,428,909) Favourable step	▲ 13%
Total debts	€ 11,290,512 Total debts 2022: € 11,290,512 First fiscal year in the series	€ 13,717,536 Total debts 2023: € 13,717,536 ▲ 21% vs 2022 (€ 11,290,512) Unfavourable step	€ 13,252,234 Total debts 2024: € 13,252,234 ▼ 3% vs 2023 (€ 13,717,536) Favourable step	€ 15,022,379 Total debts 2025: € 15,022,379 ▲ 13% vs 2024 (€ 13,252,234) Unfavourable step	▲ 13%
Cash	€ 3,931,590 Cash 2022: € 3,931,590 First fiscal year in the series	€ 1,899,287 Cash 2023: € 1,899,287 ▼ 52% vs 2022 (€ 3,931,590) Unfavourable step	€ 766,239 Cash 2024: € 766,239 ▼ 60% vs 2023 (€ 1,899,287) Unfavourable step	€ 1,720,116 Cash 2025: € 1,720,116 ▲ 124% vs 2024 (€ 766,239) Favourable step	▲ 124%
Land & buildings	€ 3,158,818 Land & buildings 2022: € 3,158,818 First fiscal year in the series	€ 2,940,908 Land & buildings 2023: € 2,940,908 ▼ 7% vs 2022 (€ 3,158,818) Unchanged	€ 2,747,666 Land & buildings 2024: € 2,747,666 ▼ 7% vs 2023 (€ 2,940,908) Unchanged	€ 2,546,876 Land & buildings 2025: € 2,546,876 ▼ 7% vs 2024 (€ 2,747,666) Unchanged	▼ 7%
Retained profit	€ 7,596,868 Retained profit 2022: € 7,596,868 First fiscal year in the series	€ 8,272,632 Retained profit 2023: € 8,272,632 ▲ 9% vs 2022 (€ 7,596,868) Favourable step	€ 9,028,909 Retained profit 2024: € 9,028,909 ▲ 9% vs 2023 (€ 8,272,632) Favourable step	€ 10,224,347 Retained profit 2025: € 10,224,347 ▲ 13% vs 2024 (€ 9,028,909) Favourable step	▲ 13%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 860,000 Dividend 2023: € 860,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 860,000) Unchanged	€ 1,500,000 Dividend 2025: € 1,500,000 Unchanged (€ 0) Unchanged
Bank debt	€ 2,253,652 Bank debt 2022: € 2,253,652 First fiscal year in the series	€ 1,694,777 Bank debt 2023: € 1,694,777 ▼ 25% vs 2022 (€ 2,253,652) Favourable step	€ 1,146,542 Bank debt 2024: € 1,146,542 ▼ 32% vs 2023 (€ 1,694,777) Favourable step	€ 1,636,013 Bank debt 2025: € 1,636,013 ▲ 43% vs 2024 (€ 1,146,542) Unfavourable step	▲ 43%
Balance sheet total	€ 19,318,173 Balance sheet total 2022: € 19,318,173 First fiscal year in the series	€ 22,418,003 Balance sheet total 2023: € 22,418,003 ▲ 16% vs 2022 (€ 19,318,173) Unchanged	€ 22,722,995 Balance sheet total 2024: € 22,722,995 ▲ 1% vs 2023 (€ 22,418,003) Unchanged	€ 25,740,776 Balance sheet total 2025: € 25,740,776 ▲ 13% vs 2024 (€ 22,722,995) Unchanged	▲ 13%
Employees (FTE)	62.8 Employees (FTE) 2022: 62.8 First fiscal year in the series	62.8 Employees (FTE) 2023: 62.8 Unchanged (62.8) Unchanged	65.6 Employees (FTE) 2024: 65.6 ▲ 2.8 vs 2023 (62.8) Unchanged	71.2 Employees (FTE) 2025: 71.2 ▲ 5.6 vs 2024 (65.6) Unchanged	▲ 5.6

Key figures of AELTERMAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to AELTERMAN?

What happened at AELTERMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Adkosy BV stepped down as director. NBB
2028 Elconstruct BV stepped down as director. NBB
2028 Robert Hoornaert stepped down as director. NBB
2028 Matthias Hoornaert stepped down as director. NBB
Jul 1, 2026 New annual accounts for financial year 2025: profit of € 2.7 million (▲ 256% vs 2024). Source: NBB ↗
2025 Adkosy BV became a director. NBB
2025 Elconstruct BV became a director. NBB
2025 Robert Hoornaert became a director. NBB

In short

From € 9,774 loss in 2022 to € 2.7 million profit in 2025.

Paid € 1.8 million in corporate taxes since 2022.

Best year ever: 2025, with € 2.7 million profit.

Paid out € 2.4 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

AELTERMAN CONTRACTING & ENGINEERING 94.3%

ARTES GROUP 5.7%

The stake of AELTERMAN CONTRACTING & ENGINEERING, ARTES GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

AELTERMAN

The shares are held by AELTERMAN CONTRACTING & ENGINEERING (94.3%) and ARTES GROUP (5.7%).

Directors

According to the 2025 annual accounts

Adkosy BV

Director · represented by Koenraad Van Acker

Also active at: AELTERMAN CONTRACTING & ENGINEERING

since 2025 · until 2028

Elconstruct BV

Director · represented by Johan Van Overwalle

Also active at: Artes Depret, Artes Roegiers, Artes Woudenberg, Artes Uptech, Artes TWT, AELTERMAN CONTRACTING & ENGINEERING, Artes Prefab, Artes Projects

since 2025 · until 2028

Robert Hoornaert

Director

Also active at: Artes Roegiers, ARTES GROUP, BEDRIJVENCENTRUM REGIO BRUGGE, Artes Uptech, GROUP Depré, Artes TWT, CAAAP, Oleander +12 more

since 2025 · until 2028

Matthias Hoornaert

Director

Also active at: Artes Depret, Artes Roegiers, ARTES GROUP, Artes Woudenberg, Artes Uptech, CAAAP, Oleander, Artes Terra +7 more

since 2025 · until 2028

Shareholders

AELTERMAN CONTRACTING & ENGINEERING

94.3%

ARTES GROUP

5.7%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Christoffel Columbuslaan 5

9042 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

thv west construct-aelterman "mobiele brug"

AELTERMAN CONTRACTING & ENGINEERING same network

TM AELTERMAN - ARTES DEPRET

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0400.120.446

VAT number

BE 0400.120.446

Registered office

Christoffel Columbuslaan 5, 9042 Gent

Names & denominations

AELTERMAN

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 8 Dec 2025

Activities · NACE

Vervaardiging van metalen constructiewerken en onderdelen daarvan

Vervaardiging van metalen constructiewerken en delen daarvan

View on CBE Public ↗ Annual accounts (NBB) ↗

AELTERMAN

Financials

What happened to AELTERMAN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions