Equity
€572,837 ▲ 3.6%
ALTHAEA DEVELOPMENT paid out €67,831 in dividends. That is 77% of the 2025 profit.
ALTHAEA DEVELOPMENT
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1993peak €191,030 (2024)
€180,407▼ 5.6%
peak €87,965 (2025)
€87,965▲ 82.9%
peak €572,837 (2025)
€572,837▲ 3.6%
€149,351▲ 28.3%
Board4 names since 2017
3 directorsHOUET Gaetan Adrien Joseph André and 2 others
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Result from €48,097 to €87,965Dividend €67,831Debts from €116,422 to €149,351Cash from €81,048 to €149,966
Key points
from the 2025 annual accountsFilings
33 annual accounts since 1993
Seven of the last ten came late. The 2016 accounts came latest: 16 days after the end of the period.
Position in the sector
€572,837
More equity than 90% of companies in head offices and management consultancy. Sector median €78,242 · 39,374 companies.
Checked score
94
Excellent
Financially stronger than 50% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025highest value
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.1m
Liquidity: current ratio 4.01, cash €149,966
Founded in 1992
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 49% of them on solvency, 57% on liquidity, 45% on profitability and 48% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ALTHAEA DEVELOPMENT has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ALTHAEA DEVELOPMENT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ALTHAEA DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.01 (4.37 in 2024), above the usual 1.5. Short-term debt is 14.1% and cash 14.1% of total assets. 46% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
3 days late
2023
on the day
2022
on the day
2021
6 days late
2020
1 day late
2019
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447698253
Merger: A&M CONSULT takes over ALTHAEA DEVELOPMENT
Company renamed from A&M CONSULT to ALTHAEA DEVELOPMENT · Capital increase of €24,315.97 to €61,500 · Capital after the increase: €61,500 · General meeting of 29-06-2021 · Gazette deed
Merger proposal: A & M CONSULT takes over Althaea Development
Transfer of shares from André HOUET to A & M CONSULT · Transfer of shares from Emmanuel Bois d'Enghien to A & M CONSULT · The company holds all the shares of Althaea Development · Gazette deed
First establishment
Rue Louis Taburiaux 7, Genappe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALTHAEA DEVELOPMENT Genappe | €1.1m | €180,407 | 54.0% | - |
| IMMO DEBAR Lasne | €0.9m | €196,728 | 29.4% | 2 |
| Société de Gestion et Services de Malèves Perwez | €1.0m | €142,735 | 96.1% | - |
| Winters Industrial Technology Maaseik | €1.1m | €182,123 | 50.1% | 0 |
| GESTIONIS Hasselt | €1.1m | €191,011 | 40.5% | 0.5 |
| Denayer Danielle Tongeren-Borgloon | €1.1m | €183,132 | 81.5% | - |
| IVH INVEST Anderlecht | €1.1m | €176,467 | 42.0% | - |
These companies have the same main activity as ALTHAEA DEVELOPMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €884,000 and €1.1m, founded between 1991 and 1994.
Official details
Source: KBO- Status
- Active since 26-06-1992Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.058.071.6651472 Genappe, since 25-03-1999
- Financial year end
- 30 June
- Peppol
- Reachable since 17-12-2025
Annual accounts to 30-06-2025
- ≈ €310,000estimated
- €1.1m▲ 5.3%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on ALTHAEA DEVELOPMENT
ALTHAEA DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from €112,018 in 2007 to €180,407 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALTHAEA DEVELOPMENT
- What is the company number of ALTHAEA DEVELOPMENT?
- The company number of ALTHAEA DEVELOPMENT is 0447.698.253. The VAT number is the same number with BE in front: BE 0447.698.253.
- Where is ALTHAEA DEVELOPMENT based?
- The registered office is at Rue Louis Taburiaux 7, 1472 Genappe.Company details
- What does ALTHAEA DEVELOPMENT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ALTHAEA DEVELOPMENT?
- ALTHAEA DEVELOPMENT is a public limited company (NV).
- When was ALTHAEA DEVELOPMENT founded?
- ALTHAEA DEVELOPMENT was founded on 26-06-1992.
- Is ALTHAEA DEVELOPMENT still active?
- Yes, ALTHAEA DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of ALTHAEA DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €180,407 and 109 comparable companies (NACE 70200). It probably lies between €260,000 and €360,000.Financials
- Is ALTHAEA DEVELOPMENT profitable?
- In financial year 2025, ALTHAEA DEVELOPMENT made a profit of €87,965.
- Where can I find the annual accounts of ALTHAEA DEVELOPMENT?
- ALTHAEA DEVELOPMENT filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALTHAEA DEVELOPMENT due?
- ALTHAEA DEVELOPMENT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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