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 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALTER RE from Anzegem, company number BE0892459287, closed financial year 2025 with a result of € 12,327 after tax. For that financial year ALTER RE recorded a gross margin of € 253,667 and equity of € 70,224. Compared with financial year 2024, the result moved from € 2,304 to € 12,327. Profitable, and profit is growing. The buffer shrank hard: equity is 83 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 7, 2025.
€ 70,224
▼ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,327
▲ € 10,023 vs 2024
Profit after tax over the fiscal year.
€ 74,374
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 354,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 4,835
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 669,583
▼ 15% vs 2024
€ 116,417 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 14,792
▲ € 11,881 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,025
▲ 75% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 89,633 | € 241,758 | € 179,364 | € 253,667 | ▲ 41% |
| Profit after taxes | € -52,130 | € 61,838 | € 2,304 | € 12,327 | ▲ € 10,023 |
| Equity | € 347,754 | € 409,593 | € 411,897 | € 70,224 | ▼ 83% |
| Total debts | € 1,555,770 | € 1,512,363 | € 1,357,103 | € 1,575,256 | ▲ 16% |
| Cash | € 79,295 | € 72,019 | € 98,024 | € 74,374 | ▼ 24% |
| Land & buildings | € 1,497,197 | € 1,427,432 | € 1,320,462 | € 1,217,655 | ▼ 8% |
| Retained profit | € 335,354 | € 397,193 | € 399,497 | € 57,824 | ▼ 86% |
| Dividend | € 0 | € 0 | € 0 | € 354,000 | |
| Bank debt | € 1,018,833 | € 902,417 | € 786,000 | € 669,583 | ▼ 15% |
| Balance sheet total | € 1,903,524 | € 1,921,955 | € 1,769,000 | € 1,645,480 | ▼ 7% |
Key figures of ALTER RE, 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 October 2026.
What happened to ALTER RE?
What happened at ALTER RE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,327 (▲ € 10,023 vs 2024). filed late Source: NBB ↗
- New establishment in Anzegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,130 loss in 2022 to € 12,327 profit in 2025.
Paid € 51,895 in corporate taxes since 2022.
Best year ever: 2023, with € 61,838 profit.
Paid out € 354,000 in dividends to the owners in total.
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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
Behind ALTER RE is DAVY DEMUYNCK. DAVY DEMUYNCK is also behind NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS and IMMOCOBEL.
Directors
According to the 2025 annual accounts
DAVY DEMUYNCK
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
Establishments
Establishment units
Physical locations of this company
Lange Winterstraat 35
8570 Anzegem
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
- 0892.459.287
- VAT number
- BE 0892.459.287
- Registered office
- Lange Winterstraat 35, 8570 Anzegem
- Names & denominations
- ALTER RE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2007
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
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