Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALTERFIN from Sint-Joost-ten-Node, company number BE0453804602, closed financial year 2025 with a result of € 733,222 after tax. For that financial year ALTERFIN recorded revenue of € 1.1 million and equity of € 72.4 million. Compared with financial year 2024, the result moved from € 839,033 to € 733,222. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 72.4 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 733,222
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ € 1.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 695,550 paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
18.6
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 9% vs 2024
€ 105,900 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.
€ 27,121
▲ 151% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 87.8 million
▼ 3% vs 2024
€ 6.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 416,918
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 303,725
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 745,201 | € 881,555 | € 1,079,194 | € 1,129,379 | ▲ 5% |
| Gross margin | € -770,094 | € -426,449 | € -338,316 | € -429,733 | ▼ € 91,417 |
| Profit after taxes | € 1,126,607 | € 832,245 | € 839,033 | € 733,222 | ▼ 13% |
| Equity | € 72,459,507 | € 73,073,120 | € 73,486,746 | € 72,409,048 | ▼ 1% |
| Total debts | € 78,855,782 | € 92,477,117 | € 95,094,603 | € 91,873,759 | ▼ 3% |
| Cash | € 3,554,056 | € 2,391,799 | € 86,474 | € 1,251,187 | ▲ € 1.2 million |
| Retained profit | € 2,391,007 | € 2,527,084 | € 2,671,395 | € 2,709,066 | ▲ 1% |
| Dividend | € 841,790 | € 696,168 | € 694,723 | € 695,550 | |
| Bank debt | € 75,176,126 | € 89,167,426 | € 90,478,535 | € 87,847,203 | ▼ 3% |
| Balance sheet total | € 151,315,289 | € 165,550,238 | € 168,581,348 | € 164,304,750 | ▼ 3% |
| Employees (FTE) | 17.9 | 19 | 18.2 | 18.6 | ▲ 0.4 |
Key figures of ALTERFIN, 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 ALTERFIN?
What happened at ALTERFIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laetitia COUNYE stepped down as director. NBB
- Rikolto België vzw stepped down as director. NBB
- Humundi asbl stepped down as director. NBB
- Vanessa GALHARDO-GALHETAS stepped down as director. NBB
- Thierry BERTOUILLE stepped down as director. NBB
- Elke BRIERS stepped down as director. NBB
- Klaartje VANDERSYPEN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 733,222 (▼ 13% vs 2024). Source: NBB ↗
In short
From € 1.1 million profit in 2022 to € 733,222 profit in 2025.
Paid € 719,555 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Paid out € 2.9 million in dividends to the owners in total.
A new publication or filing at ALTERFIN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2024 · until 2029
Vanessa GALHARDO-GALHETAS
Director
since 2023 · until 2028
Thierry BERTOUILLE
Director
since 2022 · until 2027
Luc COOL
Director
since 2024 · until 2025
Director · represented by Pieter-Jan Van de Velde
Also active at: ALTERFIN GARANTIEFONDS
since 2024 · until 2029
since 2024 · until 2029
Maarten LOOPMANS
Director
since 2021 · until 2026
since 2022 · until 2027
Leslie TOTTÉ
Director
Also active at: FinFox, POOLCO CSCF, CFCF Investment Partners, CDGF Investment Partners
since 2025 · until 2026
Klaartje VANDERSYPEN
Chairman of the board
Also active at: Katholiek Onderwijs Vlaanderen, Remateria, Circular Textiles
since 2017 · until 2027
Establishments
Establishment units
Physical locations of this company
Liefdadigheidsstraat 18-26
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0453.804.602
- VAT number
- BE 0453.804.602
- Registered office
- Liefdadigheidsstraat 18-26, 1210 Sint-Joost-ten-Node
- Names & denominations
- ALTERFIN
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 16 November 1994
- Peppol
- Active · Active since 28 Nov 2025
- Contact
- alterfin.be [email protected] 025385862
- Activities · NACE
Overige financiële instellingen, n.e.g.
Overige financiële dienstverlening, neg
Activiteiten van holdings
Financiële holdings
Holdings
Managementactiviteiten van holdings