Equity
€34.2m ▲ 61.8%
ALTEBRA has made a profit in every financial year since 2007.
ALTEBRA
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1991peak €60.6m (2025)
€60.6m▲ 9.6%
peak €13.0m (2025)
€13.0m▲ 96.3%
peak €34.2m (2025)
€34.2m▲ 61.8%
€130.9m▲ 251%
peak 101.3 FTE (2025)
101.3 FTE▲ 10.5%
Board13 names since 2020all names
4 directorsDE COCK Karel Guido Maria and 3 others
Owners3 names in the annual accounts
via 100%Altenova and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Result from €6.6m to €13.0mStaff from 91.7 FTE to 101.3 FTE1 director appointed, 1 resignation 22-07Equity from €21.1m to €34.2mDebts from €37.3m to €130.9mInvestments €104.9m
Key points
from the 2025 annual accountsResult
€13.0m ▲ 96.3%
The result rose in 2025 from €6.6m to €13.0m.
Debts
€130.9m ▲ 251%
Debts rose by €93.6m in 2025.
Investments
€1.2m 2.5 × depreciation
Green is investment, beige is depreciation.
Payment terms
51 days to suppliers
ALTEBRA pays its suppliers 30 days earlier than in 2024. Customers pay 15 days earlier.
Filings
34 annual accounts 35 filings since 1991
Two of the last ten came late. The 2017 accounts came latest: 13 days after the end of the period.
Checked score
82
Excellent
Financially stronger than 53% of medium-sized companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 241 companies (NACE 43, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
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: 0.6%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.87, cash €6.2m
Equity €34.2m (20.7% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Legal form: public limited company
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 43, medium-sized). It does better than 23% of them on solvency, 73% on liquidity, 33% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Credit verdict
Credit of up to €2,800,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (0.8 in 2024), below 1. Short-term debt is 16.9% and cash 3.7% of total assets. 79.3% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2463 sector peers (2025).
NBB · sector comparisonPosition among 2463 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
15 days early
2023
35 days early
2022
27 days early
2021
31 days early
2020
32 days early
2020
19 days early
← 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 26 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- Studeco 100%score 89equity €36.4m (2025) · annual accounts 2025
- Altenova 0%equity €128.3m (2025) · 2025 annual accounts of Altenova
Shares in 14 companies, including Altebra Sprinklertechniek BV and Altebra Sweden AB
Board & ownershipRecent changes
1 director appointed, 1 resignation, 3 reappointments
Reappointments: Sofindev Management NV, Sofindev V and Karel De Cock · Permanent representatives: Sven Vandewiele, Carlo Daelemans and Stefaan Devolder · Resignation: Sofindev V · General meeting of 13-06-2025 · Gazette deed
Algemene Vergadering - Boekjaar
Gazette deed
New establishment in Houthalen-Helchteren
Donderslagweg 25
1 director appointed, 1 resignation
Resignation: SOFINDEV V COMMV · Permanent representatives: Carlo Daelemans and Sven Vandewiele · Appointment: SOFINDEV VI COMMV · General meeting of 26-06-2025 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| ALTEBRA Geraardsbergen | €60.6m | 10.9% | 20.7% | 101.3 |
| SIX Izegem | €65.0m | 2.6% | 42.4% | 198.4 |
| AQUASECURITY Aalst | €43.0m | 11.8% | 59.8% | 133.8 |
| BELCOTEC Geel | €38.8m | 5.3% | 27.4% | 98.9 |
| BOONS THEO Arendonk | €54.9m | 2.7% | 30.4% | 92.6 |
| Cegelec Industry Brussels | €71.4m | 5.3% | 21.1% | 394.3 |
| DE MEYER Beveren-Kruibeke-Zwijndrecht | €12.6m | 18.9% | 97.6% | 12.8 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ALTEBRA: plumbing work (NACE 43221). They are smaller than ALTEBRA: total assets between €18m and €32m, founded between 1978 and 2013.
Official details
Source: KBO- Status
- Active since 06-06-1990Normal situation
- Activity
- Plumbing workNACE 43221and 9 others
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment units
- 2.247.578.4869500 Geraardsbergen, since 20-11-2015
- 2.326.722.5682600 Antwerp, since 01-08-2021and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €165.2m▲ 182%
- Employeeson 31-12-2025
- 103▲ 6.2%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Companies linked to ALTEBRA
Subsidiaries and holdings
Insights on ALTEBRA
ALTEBRA has existed since 1990. Turnover grew from €8.4m in 2007 to €60.6m in 2025 and staff from 33.9 to 101.3 full-time equivalents.
Solvency fell in 2025 from 36.1% to 20.7% because of higher long-term debts.
Studeco holds all the shares.
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 ALTEBRA
- What is the company number of ALTEBRA?
- The company number of ALTEBRA is 0440.797.494. The VAT number is the same number with BE in front: BE 0440.797.494.
- Where is ALTEBRA based?
- The registered office is at Hasseltkouter 53, 9500 Geraardsbergen.Company details
- What does ALTEBRA do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of ALTEBRA?
- ALTEBRA is a public limited company (NV).
- When was ALTEBRA founded?
- ALTEBRA was founded on 06-06-1990.
- Is ALTEBRA still active?
- Yes, ALTEBRA is an active enterprise in the KBO register.
- How many employees does ALTEBRA have?
- ALTEBRA had an average of 101.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ALTEBRA fall under?
- In its 2025 annual accounts, ALTEBRA states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of ALTEBRA?
- The turnover of ALTEBRA was €60.6m in financial year 2025, according to the filed annual accounts.
- Is ALTEBRA profitable?
- In financial year 2025, ALTEBRA made a profit of €13.0m.
- Where can I find the annual accounts of ALTEBRA?
- ALTEBRA filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALTEBRA due?
- ALTEBRA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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