Active BE 0650.822.290Non-profit association

ALBATROS - POTEAUPRE

Rue du Rond-Point(FOR) 294 ·6464 Chimay, Belgium· 10 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

ALBATROS - POTEAUPRE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.20M and a net result of €-327k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 1305 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€4.20M
Net result	€-327k
Better than sector	58%
Active	10 yrs

Financial profile 5 of 5 axes measured · computed by Checked

52 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 46

Profitability 0

Solvency 54

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

46 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€190k

estimate, not credit advice

Score history

56 2021

62 2022

33 2023

46 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.78 (< 1.0) -10

Leverage Debt/equity 1.65 (< 2.0) +3

Profitability Negatieve ROE -8% -10

Interest coverage Interest coverage 4.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~6.3%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.8%	31.6%	better than 58% of 1305 sector peers
Net result	€-327k	€24k	better than 5% of 1305 sector peers
Equity	€4.20M	€306k	better than 85% of 1305 sector peers
Gross operating margin	€393k	€164k	better than 71% of 997 sector peers
Total assets	€11.13M	€1.12M	better than 82% of 1306 sector peers

EBITDA

€393k

+14.0% 21-24

Net profit

€-327k

+17.1% 21-24

Cash flow

€291k

+28.6% 21-24

Total assets

€11.13M

-4.9% 21-24

Equity

€4.20M

-7.5% 21-24

Working capital

€-70k

+50.9% 21-24

Income taxes

€25k

-33.1% 21-24

Debt

€6.93M

-3.3% 21-24

Debt ≤ 1y

€315k

-8.7% 21-24

Debt > 1y

€6.58M

-3.4% 21-24

Current ratio

0.78

+32.9% 21-24

Quick ratio

0.74

+34.3% 21-24

Solvency

37.8%

-2.7% 21-24

Debt / equity

1.65

+4.6% 21-24

ROE

-7.8%

+10.3% 21-24

ROA

-2.9%

+12.8% 21-24

Interest coverage

4.34

+18.9% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema
Revenue	-	-	-	-
EBITDA	€393k	€345k	€741k	€309k
Net profit	€-327k	€-394k	€40k	€-352k
Cash flow	€291k	€226k	€639k	€225k
Staff costs	-	-	-	-
Income taxes	€25k	€38k	€4k	€4k
Dividends	-	-	-	-
Total assets	€11.13M	€11.70M	€12.34M	€12.05M
Equity	€4.20M	€4.54M	€4.95M	€4.92M
Debt	€6.93M	€7.16M	€7.39M	€7.13M
of which ≤ 1y	€315k	€345k	€350k	€270k
of which > 1y	€6.58M	€6.81M	€7.04M	€6.86M
Working capital	€-70k	€-143k	€-100k	€104k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.78	0.58	0.71	1.38
Quick ratio	0.74	0.55	0.70	1.38
Working capital ratio	-0.6%	-1.2%	-0.8%	0.9%
Solvency	37.8%	38.8%	40.1%	40.9%
Debt / equity	1.65	1.58	1.49	1.45
Long-term debt ratio	1.57	1.50	1.42	1.39
Interest coverage	4.34	3.65	5.81	2.49
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-2.9%	-3.4%	0.3%	-2.9%
ROE	-7.8%	-8.7%	0.8%	-7.1%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €10.88M · 97.8% Current assets €244k · 2.2%

Equity & liabilities

Equity €4.20M · 37.8% Debt €6.93M · 62.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€11.13M	€11.70M	€12.34M	€12.05M
Fixed assets	21/28	€10.88M	€11.50M	€12.09M	€11.68M
Tangible fixed assets	22/27	€10.88M	€11.50M	€12.09M	€11.68M
Current assets	29/58	€244k	€201k	€249k	€374k
Stocks & contracts in progress	3	€12k	€12k	€3k	-
Amounts receivable within one year	40/41	€171k	€153k	€165k	€110k
Cash & bank	54/58	€9k	€36k	€82k	€264k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€11.13M	€11.70M	€12.34M	€12.05M
Equity	10/15	€4.20M	€4.54M	€4.95M	€4.92M
Reserves	13	€5.08M	€5.08M	€5.08M	€5.08M
Accumulated profits (losses)	14	€-1.03M	€-706k	€-312k	€-352k
Amounts payable	17/49	€6.93M	€7.16M	€7.39M	€7.13M
Amounts payable after one year	17	€6.58M	€6.81M	€7.04M	€6.86M
Amounts payable within one year	42/48	€315k	€345k	€350k	€270k
Trade debts payable within one year	44	€19k	€33k	€22k	€14k
Income statement
Gross operating margin	9900	€393k	€356k	€742k	€312k
Operating result	9901	€-224k	€-275k	€143k	€-267k
Financial income	75	€14k	€14k	€29k	€44k
Financial charges	65	€91k	€94k	€128k	€124k
Result before taxes	9903	€-301k	€-356k	€44k	€-348k
Income taxes	67/77	€25k	€38k	€4k	€4k
Net result for the period	9904	€-327k	€-394k	€40k	€-352k
Result to be appropriated	9905	€-327k	€-394k	€40k	€-352k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Non-profit association(017)
Incorporation	29-03-2016
Status	Active
Postal code	6464

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56027C0005/00H069	Wallonia	3.7 ha	-	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

All 9Financial 2Gazette 1Filings 6

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

23-07

State Gazette act Director changes

12-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-394k ▼1084%

Net result drops to €-394k, the lowest in the series; recovery starts the following year.

28-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €40k

Net result €40k after one loss-making year.

27-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

29-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

27-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 27 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

23-07-2024 8 reappointed Director changes

Michel Bourdon, Commissaris
Michel Lefèbvre, Commissaris
Vincent Maillard, Commissaris
Philippe Sorel, Commissaris
Dom Damiens Debaisieux, Commissaris
Philippe Lefèbvre, Commissaris
Philippe Dumont, Commissaris
Alain Dambroise, Commissaris

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001General construction of other non-residential buildings41003Property management for co-owned buildings (syndics)68321Real estate activities68322

Names & trade names

Legal nameFR

ALBATROS - POTEAUPRE

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