ACTIVE

ALTAJ

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Financial year 2025 · closed on 31/12/2025

Net result

769,1 k €

+34.9% YoY

Gross margin

1,2 M €

+17.9% YoY

Equity

1,7 M €

+83.6% YoY

Workforce

4,4 ETP

+7.3% YoY

What does ALTAJ do?

ALTAJ is a Private limited company incorporated in 1986. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Schelle. It employs on average 4,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.228.859

Incorporation

30/06/1986

Legal form

Private limited company

Registered office

Provinciale Steenweg 121
2627 Schelle · FlandreSee on map

Contributed capital

4 789,35 €

Latest accounts

31/12/2025

Average workforce

4,4 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15812Manufacture of leather and related products

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+17.9%	1 M €	+53.7%	675,7 k €	+12.7%	599,7 k €	-23.6%	785,4 k €	+69.7%	462,9 k €	+28.5%	360,3 k €	+11.2%	324 k €	+24.6%	260 k €	-2.4%	266,5 k €	+14.0%	233,8 k €	+64.8%	141,9 k €	+20.9%	117,4 k €	-13.3%	135,4 k €	+143%	55,7 k €	+10.0%	50,6 k €	-6.3%	54,1 k €	+20.0%	45 k €	+11.7%	40,3 k €	+33.7%	30,2 k €
EBITDA	1,1 M €	+21.6%	901,5 k €	+81.4%	496,9 k €	-0.4%	498,7 k €	-23.8%	654,5 k €	+96.1%	333,7 k €	+45.2%	229,8 k €	+0.7%	228,3 k €	+38.2%	165,1 k €	-8.0%	179,5 k €	+10.0%	163,3 k €	+94.0%	84,1 k €	+6.5%	79 k €	-15.7%	93,7 k €	+274%	25,1 k €	-20.4%	31,5 k €	-14.5%	36,8 k €	+42.9%	25,8 k €	+13.7%	22,7 k €	+59.8%	14,2 k €
Operating result	1 M €	+34.6%	772,9 k €	+64.5%	469,9 k €	+0.6%	467,2 k €	-24.8%	621,1 k €	+110%	295,3 k €	+74.6%	169,1 k €	-4.3%	176,6 k €	+41.5%	124,8 k €	-11.0%	140,3 k €	+15.3%	121,7 k €	+154%	47,9 k €	+9.1%	43,9 k €	-31.0%	63,6 k €	+155301%	40,9 €	-99.5%	7,5 k €	-67.9%	23,5 k €	+78.3%	13,2 k €	+35.2%	9,7 k €	+800%	1,1 k €
Net result	769,1 k €	+34.9%	570,3 k €	+80.9%	315,3 k €	-1.0%	318,7 k €	-30.5%	458,7 k €	+128%	201,1 k €	+74.6%	115,1 k €	-5.7%	122,1 k €	+62.0%	75,4 k €	-11.3%	85 k €	+19.9%	70,9 k €	+120%	32,2 k €	-6.6%	34,4 k €	-22.8%	44,6 k €	+6630%	662,6 €	-80.7%	3,4 k €	-82.8%	19,9 k €	+97.5%	10,1 k €	+22.5%	8,2 k €	+5775%	140,1 €
Balance sheet
Equity	1,7 M €	+83.6%	920,3 k €	+43.5%	641,3 k €	+96.7%	325,9 k €	-47.9%	625,1 k €	-15.0%	735 k €	+37.7%	534 k €	+18.2%	451,9 k €	+20.1%	376,2 k €	+25.1%	300,8 k €	+39.4%	215,8 k €	+43.0%	150,9 k €	+109%	72,3 k €	-32.1%	106,5 k €	+35.0%	78,9 k €	+0.8%	78,3 k €	+4.6%	74,8 k €	+24.9%	59,9 k €	+20.2%	49,8 k €	+19.8%	41,6 k €
Total assets	2,3 M €	+60.1%	1,4 M €	+2.4%	1,4 M €	+33.9%	1 M €	-34.5%	1,6 M €	+38.5%	1,2 M €	+25.6%	921,7 k €	+10.4%	835 k €	+13.2%	737,5 k €	+19.4%	617,5 k €	+26.8%	487,2 k €	+30.1%	374,5 k €	+0.8%	371,4 k €	-3.2%	383,8 k €	+21.3%	316,3 k €	+4.4%	303 k €	+4.3%	290,6 k €	+145%	118,7 k €	+57.5%	75,4 k €	-1.7%	76,7 k €
Cash	1,2 M €	+215%	375,5 k €	-65.2%	1,1 M €	+63.3%	660,8 k €	-53.4%	1,4 M €	+40.8%	1 M €	+34.4%	749,4 k €	+12.7%	664,9 k €	+13.4%	586,2 k €	+20.5%	486,5 k €	+48.5%	327,6 k €	+87.2%	175 k €	+20.7%	145 k €	-1.9%	147,9 k €	+74.5%	84,7 k €	+36.9%	61,9 k €	+55.8%	39,7 k €	-18.3%	48,7 k €	+53.2%	31,8 k €	+58.2%	20,1 k €
Debts	612,9 k €	+18.3%	518,1 k €	-32.1%	763 k €	+5.5%	723,1 k €	-25.5%	970,8 k €	+133%	417,3 k €	+9.0%	382,8 k €	+1.1%	378,7 k €	+6.2%	356,5 k €	+14.1%	312,4 k €	+16.9%	267,2 k €	+21.7%	219,5 k €	-25.6%	295,1 k €	+8.1%	272,9 k €	+14.9%	237,4 k €	+6.7%	222,4 k €	+3.1%	215,8 k €	+267%	58,8 k €	+130%	25,5 k €	-27.1%	35,1 k €
Other
Workforce	4,4 ETP	+7.3%	4,1 ETP	-8.9%	4,5 ETP	+18.4%	3,8 ETP	-2.6%	3,9 ETP	+11.4%	3,5 ETP		–		–		–		–		1,9 ETP	+26.7%	1,5 ETP	+36.4%	1,1 ETP	0.0%	1,1 ETP	+22.2%	0,9 ETP	+80.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Abdulhadi Aljfal

Director

Active

Ended mandates

Jawdat Shami

Director

Ended

Jawdat Shami

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ALTAJ 2● Active	0774.633.486
IMRADE● Active	0427.349.039

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	03/07/2026	04/07/2025	27/08/2024	20/07/2023	23/05/2022	23/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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	19/05/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/05/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	23/05/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	23/06/2021	Dutch	PDF
Micro model	31/12/2019	19/05/2020	14/08/2020	Dutch	PDF
Micro model	31/12/2018	21/05/2019	05/06/2019	Dutch	PDF
Micro model	31/12/2017	15/05/2018	15/06/2018	Dutch	PDF
Micro model	31/12/2016	16/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 2 ended

Active mandates

Abdulhadi Aljfal

Director

Active

Ended mandates

Jawdat Shami

Director

Ended

Jawdat Shami

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2018
KAPITAAL - AANDELEN
PDF
Capital / shares16/04/2014
KAPITAAL - AANDELEN
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 2025769,1 k €↑
2024
Annual accounts 2024570,3 k €↑
2023
Annual accounts 2023315,3 k €↓
2022
Annual accounts 2022318,7 k €↓
2021
Annual accounts 2021458,7 k €↑
2020
Annual accounts 2020201,1 k €↑
2019
Annual accounts 2019115,1 k €↓
2018
Annual accounts 2018122,1 k €↑
2017
Annual accounts 201775,4 k €↓
2016
Annual accounts 201685 k €↑
2015
Annual accounts 201570,9 k €↑
2014
Annual accounts 201432,2 k €↓
2013
Annual accounts 201334,4 k €↓
2012
Annual accounts 201244,6 k €↑
2011
Annual accounts 2011662,6 €↓
2010
Annual accounts 20103,4 k €↓
2009
Annual accounts 200919,9 k €↑
2008
Annual accounts 200810,1 k €↑
2007
Annual accounts 20078,2 k €↑
2006
Annual accounts 2006140,1 €
30/06/1986
IncorporationPrivate limited company

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

ALTAJ

Overview

What does ALTAJ do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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