ACTIVE

Altsien

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Financial year 2025 · closed on 31/12/2025

Net result

-3 M €

-2021.8% YoY

Gross margin

563,7 k €

+33.0% YoY

Equity

1,9 M €

-61.2% YoY

Workforce

5,5 ETP

-40.2% YoY

What does Altsien do?

Altsien is a Non-profit organization incorporated in 1978. Its main activity is: Support activities to performing arts. Its registered office is in Rotselaar. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.478.784

Incorporation

25/02/1978

Legal form

Non-profit organization

Registered office

Hazepad 3
3118 Rotselaar · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Activities (NACE)

90021Support activities to performing arts· main 90023Support activities to performing arts 90391Creative, arts and entertainment activities 90393Creative, arts and entertainment activities 92313Gambling and betting activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	563,7 k €	+33.0%	423,9 k €	-59.1%	1 M €	+1.9%	1 M €	+1778%	54,2 k €	+123%	-238,4 k €	-150%	472,6 k €	-13.2%	544,4 k €	-10.3%	606,8 k €	+872%	-78,6 k €	-136%	215,5 k €	+26.8%	170 k €	+66.5%	102,1 k €	-74.5%	399,8 k €	+387%	82,1 k €	+107%	-1,2 M €	-226%	982 k €	+447%	-283,3 k €	-264%	172,4 k €
EBITDA	213,9 k €	+30.3%	164,2 k €	-77.9%	743 k €	-10.6%	831,4 k €	+12592%	-6,7 k €	+97.8%	-296,1 k €	-226%	235,2 k €	-17.7%	285,8 k €	-5.5%	302,3 k €	+188%	-343 k €	-1426%	-22,5 k €	+24.7%	-29,8 k €	+34.0%	-45,2 k €	-115%	300,9 k €	+4051%	-7,6 k €	+99.4%	-1,4 M €	-272%	804 k €	+268%	-479,5 k €	-2793%	-16,6 k €
Operating result	203,9 k €	+41.1%	144,6 k €	-79.8%	716,2 k €	-11.1%	805,4 k €	+2647%	-31,6 k €	+90.1%	-317,9 k €	-249%	213,1 k €	-17.9%	259,5 k €	-6.0%	276 k €	+174%	-371,8 k €	-679%	-47,8 k €	-10.8%	-43,1 k €	+8.7%	-47,2 k €	-116%	299 k €	+3146%	-9,8 k €	+99.3%	-1,4 M €	-272%	802,4 k €	+267%	-480,9 k €	-2455%	-18,8 k €
Net result	-3 M €	-2022%	157,7 k €	-78.4%	731 k €	-9.1%	804,6 k €	+2585%	-32,4 k €	+89.8%	-318 k €	-249%	212,9 k €	-17.6%	258,3 k €	-5.6%	273,7 k €	+223%	84,7 k €	-65.0%	241,6 k €	+828%	-33,2 k €	+12.4%	-37,9 k €	-112%	322,1 k €	+977%	29,9 k €	+102%	-1,4 M €	-285%	747 k €	+260%	-468,3 k €	-716%	-57,4 k €
Balance sheet
Equity	1,9 M €	-61.2%	5 M €	+3.3%	4,8 M €	+18.0%	4,1 M €	+24.7%	3,3 M €	-1.0%	3,3 M €	-8.8%	3,6 M €	+6.3%	3,4 M €	+8.2%	3,1 M €	+9.6%	2,9 M €	+3.0%	2,8 M €	+9.5%	2,5 M €	-1.3%	2,6 M €	-1.5%	2,6 M €	+14.1%	2,3 M €	+1.3%	2,3 M €	-37.5%	3,6 M €	+26.0%	2,9 M €	-14.2%	3,3 M €
Total assets	2 M €	-60.8%	5 M €	+3.0%	4,8 M €	+18.3%	4,1 M €	+24.8%	3,3 M €	-1.1%	3,3 M €	-8.9%	3,6 M €	+6.5%	3,4 M €	+8.1%	3,2 M €	+9.4%	2,9 M €	+3.3%	2,8 M €	+10.2%	2,5 M €	-1.3%	2,6 M €	-1.9%	2,6 M €	+14.6%	2,3 M €	+1.3%	2,3 M €	-37.5%	3,6 M €	+25.6%	2,9 M €	-14.0%	3,4 M €
Cash	1,7 M €	-2.9%	1,7 M €	+266%	466,6 k €	-52.8%	988,1 k €	+496%	165,7 k €	-15.1%	195,1 k €	-71.5%	684,8 k €	+14.2%	599,8 k €	+46.3%	410 k €	+186%	143,4 k €	-66.0%	421,9 k €	+16.4%	362,3 k €	-31.3%	527,5 k €	-79.4%	2,6 M €	+16.1%	2,2 M €	+5.8%	2,1 M €	-36.5%	3,3 M €	+24.1%	2,6 M €	+154%	1 M €
Debts	31,3 k €	-14.9%	36,8 k €	-22.7%	47,6 k €	+57.4%	30,3 k €	+36.6%	22,1 k €	-19.9%	27,7 k €	-16.1%	32,9 k €	+47.7%	22,3 k €	-9.9%	24,8 k €	-6.4%	26,5 k €	+32.0%	20 k €	+762%	2,3 k €	+74.5%	1,3 k €	-89.7%	12,9 k €	+6833%	185,9 €	+377%	38,9 €	-97.6%	1,6 k €	-87.2%	12,4 k €	+43.6%	8,7 k €
Other
Workforce	5,5 ETP	-40.2%	9,2 ETP	0.0%	9,2 ETP		–		1,0 ETP	0.0%	1,0 ETP	-82.1%	5,6 ETP	+51.4%	3,7 ETP	-50.7%	7,5 ETP	+15.4%	6,5 ETP	+3.2%	6,3 ETP	+12.5%	5,6 ETP	+155%	2,2 ETP	-29.0%	3,1 ETP	+107%	1,5 ETP	-34.8%	2,3 ETP	-17.9%	2,8 ETP	-12.5%	3,2 ETP	-3.0%	3,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 39 ended

Active mandates

PETER COECKELBERGHS

Director · since 31 mai 2022

Active

Krista Verschaeren

Director · since 01 janvier 2020

Active

BARBARA VAN ESPEN

Director · since 08 février 2018

Active

Ended mandates

Peter Coeckelberghs

Director · since 01 juin 2022

Ended

PETER COECKELBERGHS

Penningmeester · since 01 juin 2022

Ended

Jo De Wel

Director · since 01 janvier 2020 · until 31 mai 2022

Ended

Jo De Wel

Director · since 01 janvier 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	31/08/2025	30/08/2024	19/02/2024	30/08/2022	08/06/2021
General meeting	22/05/2026	30/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	06/06/2023	19/02/2024	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	12/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	02/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 39 ended

Active mandates

PETER COECKELBERGHS

Director · since 31 mai 2022

Active

Krista Verschaeren

Director · since 01 janvier 2020

Active

BARBARA VAN ESPEN

Director · since 08 février 2018

Active

Ended mandates

Peter Coeckelberghs

Director · since 01 juin 2022

Ended

PETER COECKELBERGHS

Penningmeester · since 01 juin 2022

Ended

Jo De Wel

Director · since 01 janvier 2020 · until 31 mai 2022

Ended

Jo De Wel

Director · since 01 janvier 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other24/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2018
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-3 M €↓
2024
Annual accounts 2024157,7 k €↓
2023
Annual accounts 2023731 k €↓
2022
Annual accounts 2022804,6 k €↑
2021
Annual accounts 2021-32,4 k €↑
2020
Annual accounts 2020-318 k €↓
2019
Annual accounts 2019212,9 k €↓
2018
Annual accounts 2018258,3 k €↓
2017
Annual accounts 2017273,7 k €↑
2016
Annual accounts 201684,7 k €↓
2015
Annual accounts 2015241,6 k €↑
2014
Annual accounts 2014-33,2 k €↑
2013
Annual accounts 2013-37,9 k €↓
2012
Annual accounts 2012322,1 k €↑
2011
Annual accounts 201129,9 k €↑
2010
Annual accounts 2010-1,4 M €↓
2009
Annual accounts 2009747 k €↑
2008
Annual accounts 2008-468,3 k €↓
2007
Annual accounts 2007-57,4 k €
25/02/1978
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Altsien

Overview

What does Altsien do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline