Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALTORE from Harelbeke, company number BE0875171117, closed financial year 2025 with a result of € 797,323 after tax. For that financial year ALTORE recorded a gross margin of € 137,347 and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 1.2 million to € 797,323. The company is profitable. 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 June 15, 2026.
€ 3.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 797,323
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 71,640
▲ 297% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 750,000 paid out
94 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 1,465
▼ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 27,817
Supplier invoices still open on the last day of the fiscal year.
€ 9,956
▲ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 300,000 | € 300,000 | - | - | |
| Gross margin | - | - | € 214,852 | € 137,347 | ▼ 36% |
| Profit after taxes | € 522,772 | € 526,800 | € 1,227,067 | € 797,323 | ▼ 35% |
| Equity | € 3,588,157 | € 3,114,957 | € 3,842,023 | € 3,889,346 | ▲ 1% |
| Total debts | € 311,014 | € 1,098,913 | € 537,153 | € 787,773 | ▲ 47% |
| Cash | € 89,529 | € 123,940 | € 18,054 | € 71,640 | ▲ 297% |
| Land & buildings | € 291,426 | € 281,471 | € 271,515 | € 261,560 | ▼ 4% |
| Retained profit | € 3,088,157 | € 2,614,957 | € 3,342,023 | € 3,389,346 | ▲ 1% |
| Dividend | € 252,101 | € 1,000,000 | € 500,000 | € 750,000 | ▲ 50% |
| Bank debt | € 21,622 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 3,899,171 | € 4,213,869 | € 4,379,177 | € 4,677,119 | ▲ 7% |
Key figures of ALTORE, 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 ALTORE?
What happened at ALTORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kathy Debaere stepped down as director. NBB
- Francisco Perea stepped down as director. NBB
- Frank Laclie stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 797,323 (▼ 35% vs 2024). Source: NBB ↗
- Kathy Debaere became a director. NBB
- Francisco Perea became a director. NBB
- Frank Laclie became a director. NBB
- New establishment in Harelbeke. KBO
In short
From € 522,772 profit in 2022 to € 797,323 profit in 2025.
Paid € 177,594 in corporate taxes since 2022.
Best year ever: 2024, with € 1.2 million profit.
Paid out € 2.5 million in dividends to the owners in total.
Management
It owns 100% of Floorpul International, 100% of Floorpul France S.A.S., 50% of Ketek srl and 25% of Adiatek itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Stasegemsesteenweg 46 box 103
8530 Harelbeke
Generaal Deprezstraat 10A
8530 Harelbeke
Active since 1 September 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0875.171.117
- VAT number
- BE 0875.171.117
- Registered office
- Stasegemsesteenweg 46 bus 103, 8530 Harelbeke
- Names & denominations
- ALTORE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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