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Algemene Bouwonderneming Altuntas

Active
Private limited companyfounded 2016active for 10 yearsZandstraat 62, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0648.781.233
Summary

The computed 12-month bankruptcy probability of Algemene Bouwonderneming Altuntas is 4.2% (elevated). The 2024 annual accounts show negative equity (-€148,791) and a net result of -€10,166. Equity is shrinking by about 56% per year across the filed financial years. Its solvency ranks better than 5% of 35,976 sector peers (NACE 43, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
Algemene Bouwonderneming AltuntasActiveChecked score 46/100
Risk analysis ReportCompare

Overview

Activity
Bricklaying and masonry work
NACE 43910
1 site
Size
€29,428total assets 2024
Equity
-€148,791
Loss
-€10,166
Turnover not published (micro format)
Financial health
46 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.2%
Structure
2025 accounts not filed, 88 days past the deadline1 of 4 deeds summarised
Why 46raises riskFigures for financial year 2024 (filed 29-08-2025)1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 lateLoss of €10,166, the second in a row (financial year 2024)lowers riskSize: total assets €29,428Show the evidence

Checked score

Score 2024
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -505.6% of total assets
Liquidity 7-1
short-term debt 604.5% · cash 5.3%
Profitability 0=
return on assets -34.5%
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,640 companies, NACE 43, micro)
Last 24 months 11-2024: 3.8% 12-2024: 3.8%● unchanged vs 11-2024 01-2025: 3.8%● unchanged vs 12-2024 02-2025: 3.8%● unchanged vs 01-2025 03-2025: 3.8%● unchanged vs 02-2025 04-2025: 3.8%● unchanged vs 03-2025 05-2025: 3.7%▼ -0.1 percentage points vs 04-2025 06-2025: 3.6%▼ -0.1 percentage points vs 05-2025 07-2025: 3.7%▲ +0.1 percentage points vs 06-2025 08-2025: 4.1%▲ +0.4 percentage points vs 07-2025 09-2025: 2.9%▼ -1.2 percentage points vs 08-2025 10-2025: 2.9%● unchanged vs 09-2025 11-2025: 2.9%● unchanged vs 10-2025 12-2025: 2.9%● unchanged vs 11-2025 01-2026: 2.8%▼ -0.1 percentage points vs 12-2025 02-2026: 2.8%● unchanged vs 01-2026 03-2026: 2.9%▲ +0.1 percentage points vs 02-2026 04-2026: 2.9%● unchanged vs 03-2026 05-2026: 2.8%▼ -0.1 percentage points vs 04-2026 06-2026: 2.8%● unchanged vs 05-2026lowest value 07-2026: 2.8%● unchanged vs 06-2026 08-2026: 3.2%▲ +0.4 percentage points vs 07-2026 09-2026: 3.2%● unchanged vs 08-2026 10-2026: 4.2%▲ +1.0 percentage point vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.17, compared with 0.22 in 2023, below 1; short-term debt: 604.5% and cash: 5.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 3% on solvency, 5% on liquidity, 4% on profitability and 26% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
lowers risk · Size: total assets €29,428
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 29-08-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 late
NBB · filings
raises risk · Loss of €10,166, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€148,791
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline27-10-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
28 days late
2023
71 days late
2022
52 days late
2021
80 days late
2020
31 days late
2019
55 days 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 53 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Reappointment: ALTUNTAS Nuvel (director)Amendment of the articles ·…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€148,791 View
  • Risk: 4 loss-making years in a rowloss financial year 2024 -€10,166 View
  • Caution: Among the weakest 5% on solvencysector median 46.6% · 35,976 companies -505.6% View
  • Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View

By topic

Financials

Financial year
2024
Total assets
€29,428
Loss
-€10,166
Solvency
-505.6%
Total assets▼ 22.7%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2017
  1. 21-09-2023Annual accounts filed
  2. 19-10-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Bricklaying and masonry workNACE 43910
Founded
04-02-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Who signs
Each director alone
Annual meeting
First Friday of June at 18:00
Purpose
“Het uitvoeren van metsel en voegwerken; De algemene bouw, het verbouwen of renoveren van…” (deed in Dutch)
Go to Articles of association

Key facts about Algemene Bouwonderneming Altuntas

What is the company number of Algemene Bouwonderneming Altuntas?
0648.781.233. In Belgium the VAT number is the company number with BE in front: BE 0648.781.233.
Where is Algemene Bouwonderneming Altuntas based?
The registered office is at Zandstraat 62, 2860 Sint-Katelijne-Waver.Company details
What does Algemene Bouwonderneming Altuntas do?
According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
What is the legal form of Algemene Bouwonderneming Altuntas?
Private limited company (BV).
When was Algemene Bouwonderneming Altuntas founded?
On 04-02-2016.
Is Algemene Bouwonderneming Altuntas still active?
Yes, Algemene Bouwonderneming Altuntas is an active enterprise in the KBO register.
How many employees does Algemene Bouwonderneming Altuntas have?
On average 0.5 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of Algemene Bouwonderneming Altuntas?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Algemene Bouwonderneming Altuntas profitable?
In financial year 2024, Algemene Bouwonderneming Altuntas made a loss of €10,166.
Where can I find the annual accounts of Algemene Bouwonderneming Altuntas?
Algemene Bouwonderneming Altuntas filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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