3altitude
ActiveSummary
3altitude has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €267,025 and a net result of €74,123. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+8
Solvency71▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.26 in 2023; short-term debt: 45.2% and cash: 4.8% of total assets), and 53.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
5 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€267,025▲ 38.4%
2023 · €192,902
Total assets
€577,283▼ 9.1%
2023 · €635,378
Net result
€74,123▲ 72.6%
2023 · €42,953
Working capital
-€205,600▲ 4.7%
2023 · -€215,782
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€77,196▲ 592%€91,525▲ 18.6%€41,907▼ 54.2%€65,901▲ 57.3%€107,653▲ 63.4%
Net result€53,337above the sector's middle half▲ 718%€57,229within the sector's middle half▲ 7.3%€24,335within the sector's middle half▼ 57.5%€42,953within the sector's middle half▲ 76.5%€74,123within the sector's middle half▲ 72.6%
Equity€68,385within the sector's middle half▲ 354%€125,614within the sector's middle half▲ 83.7%€149,949within the sector's middle half▲ 19.4%€192,902within the sector's middle half▲ 28.6%€267,025within the sector's middle half▲ 38.4%
Total assets€706,263above the sector's middle half▲ 14.6%€689,165above the sector's middle half▼ 2.4%€661,599above the sector's middle half▼ 4.0%€635,378within the sector's middle half▼ 4.0%€577,283within the sector's middle half▼ 9.1%
Debt€637,878▲ 6.1%€563,550▼ 11.7%€511,649▼ 9.2%€442,476▼ 13.5%€310,258▼ 29.9%
Working capital-€264,841▼ 31.1%-€224,019▲ 15.4%-€212,446▲ 5.2%-€215,782▼ 1.6%-€205,600▲ 4.7%
Solvency9.7%below the sector's middle half▲ 7.2pp18.2%below the sector's middle half▲ 8.5pp22.7%below the sector's middle half▲ 4.4pp30.4%within the sector's middle half▲ 7.7pp46.3%within the sector's middle half▲ 15.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 63% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €577,283
Fixed assets
€522,083 ▼ 6.8%
Current assets
€55,199 ▼ 26.5%
Equity and liabilities €577,283
Equity
€267,025 ▲ 38.4%
Debt
€310,258 ▼ 29.9%
Debt's share of the balance-sheet total falls from 69.6% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,878▲
2023 · €104,602
Cash flow
€112,348▲
2023 · €81,653
Current ratio
0.21▼
2023 · 0.26
Debt to equity
1.16▼
2023 · 2.29
ROE
27.8%▲
2023 · 22.3%
ROA
12.8%▲
2023 · 6.8%
Interest coverage
95.09▲
2023 · 24.91
Debt ≤ 1 year
€260,800▼
2023 · €290,851
Debt > 1 year
€49,458▼
2023 · €143,534
Income taxes
€31,996▲
2023 · €18,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,738 | €39,554 | €38,940 | €38,701 | €38,226 | ▼ 1.2% |
| Other operating charges640/8 | - | €4,051 | €4,604 | €4,195 | €5,930 | ▲ 41.4% |
| Non-recurring operating charges66A | - | - | €2,950 | €62 | - | - |
| Gross operating margin9900 | €138,044 | €135,131 | €88,401 | €108,858 | €151,808 | ▲ 39.5% |
| Operating profit (loss)9901 | €77,196 | €91,525 | €41,907 | €65,901 | €107,653 | ▲ 63.4% |
| Financial income75/76B | - | €39 | €14 | - | - | - |
| Recurring financial income75 | €0 | €39 | €14 | - | - | - |
| Financial charges65/66B | - | €4,910 | €4,479 | €4,200 | €1,534 | ▼ 63.5% |
| Recurring financial charges65 | €8,120 | €4,910 | €4,479 | €4,200 | €1,534 | ▼ 63.5% |
| Profit (loss) for the period before taxes9903 | €69,076 | €86,654 | €37,443 | €61,701 | €106,119 | ▲ 72.0% |
| Income taxes67/77 | €15,739 | €29,424 | €13,108 | €18,748 | €31,996 | ▲ 70.7% |
| Profit (loss) for the period9904 | €53,337 | €57,229 | €24,335 | €42,953 | €74,123 | ▲ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €53,337 | €57,229 | €24,335 | €42,953 | €74,123 | ▲ 72.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €706,263 | €689,165 | €661,599 | €635,378 | €577,283 | ▼ 9.1% |
| Fixed assets21/28 | €679,547 | €641,461 | €599,071 | €560,309 | €522,083 | ▼ 6.8% |
| Tangible fixed assets22/27 | €679,547 | €641,461 | €599,071 | €560,309 | €522,083 | ▼ 6.8% |
| Land and buildings22 | - | €627,621 | €592,115 | €557,333 | €521,281 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €2,952 | €1,807 | - | - | - |
| Furniture and vehicles24 | - | €10,888 | €5,149 | €2,976 | €803 | ▼ 73.0% |
| Current assets29/58 | €26,716 | €47,704 | €62,527 | €75,069 | €55,199 | ▼ 26.5% |
| Amounts receivable within one year40/41 | €6,393 | €31,265 | €31,892 | €43,683 | €27,204 | ▼ 37.7% |
| Trade receivables40 | - | €29,966 | €20,000 | €24,200 | €24,200 | = |
| Other amounts receivable41 | - | €1,299 | €11,892 | €19,483 | €3,004 | ▼ 84.6% |
| Cash at bank and in hand54/58 | €19,939 | €15,827 | €28,019 | €29,694 | €27,995 | ▼ 5.7% |
| Deferred charges and accrued income490/1 | - | €611 | €2,616 | €1,693 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €706,263 | €689,165 | €661,599 | €635,378 | €577,283 | ▼ 9.1% |
| Equity10/15 | €68,385 | €125,614 | €149,949 | €192,902 | €267,025 | ▲ 38.4% |
| Contributions10/11 | - | €12,466 | €12,466 | €12,466 | €12,466 | = |
| Reserves13 | €55,919 | €113,148 | €137,483 | €180,436 | €254,559 | ▲ 41.1% |
| Non-distributable reserves130/1 | - | €3,720 | €3,720 | - | - | - |
| Reserves not available under the articles1311 | - | €3,720 | €3,720 | - | - | - |
| Distributable reserves133 | - | €109,428 | €133,763 | €180,436 | €254,559 | ▲ 41.1% |
| Profit (loss) carried forward14 | -€6,008 | - | - | - | - | - |
| Amounts payable17/49 | €637,878 | €563,550 | €511,649 | €442,476 | €310,258 | ▼ 29.9% |
| Amounts payable after more than one year17 | €346,321 | €291,828 | €236,676 | €143,534 | €49,458 | ▼ 65.5% |
| Financial debts170/4 | - | €291,828 | €236,676 | €143,534 | €49,458 | ▼ 65.5% |
| Amounts payable within one year42/48 | €291,556 | €271,723 | €274,973 | €290,851 | €260,800 | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | €54,494 | €55,152 | €42,640 | €27,830 | ▼ 34.7% |
| Financial debts43 | - | €25,000 | - | - | - | - |
| Credit institutions430/8 | - | €25,000 | - | - | - | - |
| Trade debts44 | €1,084 | €4,817 | €164 | €4,820 | €6,282 | ▲ 30.3% |
| Suppliers440/4 | - | €4,817 | €164 | €4,820 | €6,282 | ▲ 30.3% |
| Advances received on contracts in progress46 | - | - | €500 | - | - | - |
| Taxes, remuneration and social security45 | - | €6,424 | €9,441 | €33,675 | €16,972 | ▼ 49.6% |
| Taxes450/3 | - | €6,424 | €9,441 | €30,698 | €13,995 | ▼ 54.4% |
| Remuneration and social security454/9 | - | - | - | €2,977 | €2,977 | = |
| Other amounts payable47/48 | - | €180,988 | €209,716 | €209,716 | €209,716 | = |
| Accrued charges and deferred income492/3 | - | - | - | €8,091 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,337 | €57,229 | €24,335 | €42,953 | €74,123 | ▲ 72.6% |
| + Depreciation and write-downs630 | €54,738 | €39,554 | €38,940 | €38,701 | €38,226 | ▼ 1.2% |
| Operating cash flow (approximation) | €108,075 | €96,784 | €63,275 | €81,653 | €112,348 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | -€1,468 | €3,450 | €62 | €0 | ▼ 100% |
| Change in cash | - | -€4,111 | €12,191 | €1,676 | -€1,699 | ▼ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €74,123 ▲72.6%
Operating result €107,653, net result €74,123, both a record.
31-12
Financial
Equity above €200,000Eq €267,025 ▲38.4%
6 profitable years in a row build equity to €267,025.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Equity above €150,000Eq €192,902 ▲28.6%
5 profitable years in a row build equity to €192,902.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €125,614 ▲83.7%
3 profitable years in a row build equity to €125,614.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2011
Ground area
2.5 ha
Building footprint
1.4 ha
Parcel 34353B0770/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Evolis(Kor) 80, 8500 Kortrijk
since 20112.198.784.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0770/00A000 | Flanders | 2.5 ha | 1 · 1.4 ha | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,518. 2,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463536670
Also
9925:BE0463536670
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.