ACTIVE

AALTERPAINT

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Financial year 2025 · closed on 31/12/2025
Net result
2,1 M €
-7.3% YoY
Revenue
24,7 M €
-3.5% YoY
Equity
6,4 M €
+19.8% YoY
Workforce
47,6 ETP
+12.0% YoY

What does AALTERPAINT do?

AALTERPAINT is a Private company with limited liability incorporated in 2016. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Aalter. It employs on average 47,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0658.743.331
Incorporation
05/07/2016
Legal form
Private company with limited liability
Registered office
Venecolaan 8
9880 Aalter · FlandreSee on map
Contributed capital
90 647,04 €
Latest accounts
31/12/2025
Average workforce
47,6 ETP
Activities (NACE)
20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics46733Wholesale of wood, construction materials and sanitary equipment46833Wholesale trade, except of motor vehicles and motorcycles
Joint committees (1)
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue24,7 M €25,6 M €19,8 M €–––––
EBITDA3,9 M €3,8 M €2,4 M €939,1 k €591,4 k €599,3 k €228,5 k €631,3 k €
Operating result3,1 M €3,2 M €1,8 M €504,8 k €585,1 k €560,1 k €221,5 k €598,5 k €
Net result2,1 M €2,2 M €1,2 M €937,5 k €388,5 k €349,8 k €77,1 k €374,2 k €
Balance sheet
Equity6,4 M €5,4 M €5,1 M €3,9 M €3 M €2,6 M €2,2 M €2,2 M €
Total assets11,8 M €12,5 M €10,9 M €9,4 M €13,4 M €13,8 M €13,4 M €13,6 M €
Cash879,3 k €1,8 M €986,5 k €590,5 k €377,2 k €441,1 k €181,7 k €348,3 k €
Debts5,3 M €6,9 M €5,5 M €5,2 M €10,4 M €11,2 M €11,2 M €11,5 M €
Other
Workforce47,6 ETP42,5 ETP35,7 ETP9,4 ETP3,8 ETP3,8 ETP3,8 ETP4,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by PIETER VERHEYEN

Active
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal VANHALST

Active
CARPINUS CONSULT

Director · since 24 mai 2022 · 0758.693.121

Represented by JAN NELISSEN

Active
DCQ Consult

Director · since 24 mai 2022 · 0778.554.068

Represented by Kristien de Clercq

Active

Ended mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by Pieter Verheyen

Ended
FRELON

Director · since 01 février 2023 · 0797.047.119

Represented by Frédéric Vanhalst

Ended
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal Vanhalst

Ended
QUVA NV

Director · since 24 mai 2022 · until 01 janvier 2023 · 0766.905.358

Represented by Pascal Vanhalst

Ended
At this address

Other companies at this address

CompanyCBE no.
AALTERPAINT HOLDING● Active
0401.000.473
Groep Aalterpaint● Active
0662.757.448
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/05/202619/05/202513/05/202423/05/202316/05/202229/04/2021
General meeting20/04/202630/04/202515/04/202408/05/202318/04/202219/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/04/202612/05/2026DutchPDF
Full model31/12/202430/04/202519/05/2025DutchPDF
Full model31/12/202315/04/202413/05/2024DutchPDF
Abridged model31/12/202208/05/202323/05/2023DutchPDF
Abridged model31/12/202118/04/202216/05/2022DutchPDF
Abridged model31/12/202019/04/202129/04/2021DutchPDF
Abridged model31/12/201920/04/202005/05/2020DutchPDF
Abridged model31/12/201815/05/201906/06/2019DutchPDF
Abridged model31/12/201705/02/201801/03/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 22 ended

Active mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by PIETER VERHEYEN

Active
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal VANHALST

Active
CARPINUS CONSULT

Director · since 24 mai 2022 · 0758.693.121

Represented by JAN NELISSEN

Active
DCQ Consult

Director · since 24 mai 2022 · 0778.554.068

Represented by Kristien de Clercq

Active

Ended mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by Pieter Verheyen

Ended
FRELON

Director · since 01 février 2023 · 0797.047.119

Represented by Frédéric Vanhalst

Ended
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal Vanhalst

Ended
QUVA NV

Director · since 24 mai 2022 · until 01 janvier 2023 · 0766.905.358

Represented by Pascal Vanhalst

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring20/12/2022
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/09/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates30/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2021
    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

Timeline

  1. 2025
    Annual accounts 20252,1 M €↓
  2. 2024
    Annual accounts 20242,2 M €↑
  3. 2023
    Annual accounts 20231,2 M €↑
  4. 2022
    Annual accounts 2022937,5 k €↑
  5. 2021
    Annual accounts 2021388,5 k €↑
  6. 2020
    Annual accounts 2020349,8 k €↑
  7. 2019
    Annual accounts 201977,1 k €↓
  8. 2018
    Annual accounts 2018374,2 k €
  9. 05/07/2016
    IncorporationPrivate company with limited liability