ALTECH 1973
ActiveSummary
ALTECH 1973 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,439 and a net result of -€61,844. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 16% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-44
Solvency38▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity short (current ratio 1.0 against 1.03 in 2024; short-term debt: 64% and cash: 7.2% of total assets), and 87.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.8%
Return on assets
-8.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 406 sector peers (2025).
NBB · sector comparisonPosition among 406 sector peers
Solvency
better than 16%
← 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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
41 d early
2023
35 d early
2022
41 d early
2021
40 d early
2020
39 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€90,439▼ 40.6%
2024 · €152,282
Total assets
€703,987▼ 12.3%
2024 · €802,708
Net result
-€61,844
2024 · €18,082
Working capital
-€1,091
2024 · €15,480
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20212022202320242025
Operating result€128,971▲ 274%€76,195▼ 40.9%€81,332▲ 6.7%€62,219▼ 23.5%-€28,368
Net result€88,553above the sector's middle half▲ 1,433%€37,621above the sector's middle half▼ 57.5%€41,302within the sector's middle half▲ 9.8%€18,082within the sector's middle half▼ 56.2%-€61,844below the sector's middle half
Equity€102,920within the sector's middle half▼ 35.4%€140,541above the sector's middle half▲ 36.6%€181,843within the sector's middle half▲ 29.4%€152,282below the sector's middle half▼ 16.3%€90,439below the sector's middle half▼ 40.6%
Total assets€736,186above the sector's middle half▲ 55.3%€631,659above the sector's middle half▼ 14.2%€712,529within the sector's middle half▲ 12.8%€802,708within the sector's middle half▲ 12.7%€703,987within the sector's middle half▼ 12.3%
Debt€633,266▲ 101%€491,118▼ 22.4%€530,686▲ 8.1%€650,426▲ 22.6%€613,548▼ 5.7%
Working capital€47,489within the sector's middle half▼ 64.6%€86,719above the sector's middle half▲ 82.6%€94,374within the sector's middle half▲ 8.8%€15,480below the sector's middle half▼ 83.6%-€1,091below the sector's middle half
Solvency14.0%below the sector's middle half▼ 19.6pp22.2%within the sector's middle half▲ 8.3pp25.5%within the sector's middle half▲ 3.3pp19.0%below the sector's middle half▼ 6.5pp12.8%below the sector's middle half▼ 6.1pp
Current ratio1.10within the sector's middle half▼ 0.351.22within the sector's middle half▲ 0.121.24within the sector's middle half▲ 0.021.03below the sector's middle half▼ 0.211.00below the sector's middle half▼ 0.03
Return on assets (ROA)12.0%within the sector's middle half▲ 10.8pp6.0%within the sector's middle half▼ 6.1pp5.8%within the sector's middle half▼ 0.2pp2.3%within the sector's middle half▼ 3.5pp-8.8%below the sector's middle half▼ 11.0pp
Staff (FTE)7.5▲ 8.7%8.3▲ 10.7%8.5within the sector's middle half▲ 2.4%9.6within the sector's middle half▲ 12.9%9.7within the sector's middle half▲ 1.0%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
The operating result turns negative in 2025: a loss of €28,368 after €62,219 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €703,987
Fixed assets
€254,855 ▼ 13.6%
Current assets
€449,133 ▼ 11.5%
Equity and liabilities €703,987
Equity
€90,439 ▼ 40.6%
Debt
€613,548 ▼ 5.7%
Debt's share of the balance-sheet total rises from 81.0% to 87.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,308▼
2024 · €140,054
Cash flow
-€18,167▼
2024 · €95,917
Quick ratio
0.47▲
2024 · 0.27
Debt to equity
6.78▲
2024 · 4.27
ROE
-68.4%▼
2024 · 11.9%
Interest coverage
0.47▼
2024 · 4.08
Debt ≤ 1 year
€450,223▼
2024 · €492,198
Debt > 1 year
€163,325▲
2024 · €158,228
Income taxes
€1,310▼
2024 · €9,883
Staff costs
€374,101▼
2024 · €428,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 1,549 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14,900 | - | €12,710 | - | - | - |
| Remuneration, social security and pensions62 | €221,151 | €261,066 | €305,280 | €428,817 | €374,101 | ▼ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,467 | €52,465 | €56,876 | €77,835 | €43,676 | ▼ 43.9% |
| Other operating charges640/8 | €19,938 | €9,529 | €21,022 | €19,325 | €31,075 | ▲ 60.8% |
| Gross operating margin9900 | €415,528 | €399,255 | €464,510 | €588,196 | €420,484 | ▼ 28.5% |
| Operating profit (loss)9901 | €128,971 | €76,195 | €81,332 | €62,219 | -€28,368 | ▼ 146% |
| Financial income75/76B | - | - | €614 | €80 | €155 | ▲ 93.5% |
| Recurring financial income75 | - | - | €614 | €80 | €155 | ▲ 93.5% |
| Financial charges65/66B | €13,235 | €17,677 | €23,925 | €34,334 | €32,320 | ▼ 5.9% |
| Recurring financial charges65 | €13,235 | €17,677 | €23,925 | €34,334 | €32,320 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €115,737 | €58,519 | €58,020 | €27,964 | -€60,533 | ▼ 316% |
| Income taxes67/77 | €27,184 | €20,898 | €16,719 | €9,883 | €1,310 | ▼ 86.7% |
| Profit (loss) for the period9904 | €88,553 | €37,621 | €41,302 | €18,082 | -€61,844 | ▼ 442% |
| Profit (loss) for the period to be appropriated9905 | €88,553 | €37,621 | €41,302 | €18,082 | -€61,844 | ▼ 442% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €736,186 | €631,659 | €712,529 | €802,708 | €703,987 | ▼ 12.3% |
| Fixed assets21/28 | €202,373 | €154,073 | €228,737 | €295,031 | €254,855 | ▼ 13.6% |
| Tangible fixed assets22/27 | €202,373 | €154,073 | €228,737 | €295,031 | €254,855 | ▼ 13.6% |
| Plant, machinery and equipment23 | €3,974 | €2,675 | €9,354 | €7,510 | €8,246 | ▲ 9.8% |
| Furniture and vehicles24 | - | €4,025 | €1,463 | €23,560 | €18,360 | ▼ 22.1% |
| Leasing and similar rights25 | €198,399 | €147,372 | €217,920 | €263,961 | €228,249 | ▼ 13.5% |
| Current assets29/58 | €533,813 | €477,586 | €483,792 | €507,678 | €449,133 | ▼ 11.5% |
| Stocks and contracts in progress3 | €413,985 | €381,060 | €362,398 | €373,818 | €239,200 | ▼ 36.0% |
| Contracts in progress37 | €413,985 | €381,060 | €362,398 | €373,818 | €239,200 | ▼ 36.0% |
| Amounts receivable within one year40/41 | €39,507 | €39,659 | €61,639 | €105,162 | €135,999 | ▲ 29.3% |
| Trade receivables40 | - | €3,593 | - | - | - | - |
| Other amounts receivable41 | €39,507 | €36,066 | €61,639 | €105,162 | €135,999 | ▲ 29.3% |
| Current investments50/53 | - | - | €3,650 | €5,450 | €6,350 | ▲ 16.5% |
| Cash at bank and in hand54/58 | €74,015 | €47,756 | €46,997 | €7,468 | €50,651 | ▲ 578% |
| Deferred charges and accrued income490/1 | €6,305 | €9,112 | €9,108 | €15,779 | €16,933 | ▲ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €736,186 | €631,659 | €712,529 | €802,708 | €703,987 | ▼ 12.3% |
| Equity10/15 | €102,920 | €140,541 | €181,843 | €152,282 | €90,439 | ▼ 40.6% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €57,920 | €95,541 | €136,843 | €107,282 | €107,282 | = |
| Non-distributable reserves130/1 | €4,500 | €4,500 | - | - | - | - |
| Reserves not available under the articles1311 | €4,500 | €4,500 | - | - | - | - |
| Distributable reserves133 | €53,420 | €91,041 | €136,843 | €107,282 | €107,282 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€61,844 | - |
| Amounts payable17/49 | €633,266 | €491,118 | €530,686 | €650,426 | €613,548 | ▼ 5.7% |
| Amounts payable after more than one year17 | €146,942 | €100,250 | €141,268 | €158,228 | €163,325 | ▲ 3.2% |
| Financial debts170/4 | €146,942 | €100,250 | €141,268 | €158,228 | €163,325 | ▲ 3.2% |
| Amounts payable within one year42/48 | €486,324 | €390,868 | €389,418 | €492,198 | €450,223 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | €49,220 | €44,324 | €65,982 | €77,116 | €92,025 | ▲ 19.3% |
| Financial debts43 | €211,692 | €200,000 | €208,463 | €208,479 | €150,000 | ▼ 28.1% |
| Credit institutions430/8 | €211,692 | €200,000 | €208,463 | €208,479 | €150,000 | ▼ 28.1% |
| Trade debts44 | €17,564 | €60,113 | €58,997 | €85,218 | €149,335 | ▲ 75.2% |
| Suppliers440/4 | €17,564 | €60,113 | €58,997 | €85,218 | €149,335 | ▲ 75.2% |
| Taxes, remuneration and social security45 | €61,053 | €38,351 | €55,977 | €73,742 | €58,863 | ▼ 20.2% |
| Taxes450/3 | €10,184 | €23,837 | €29,892 | €3,392 | €4,436 | ▲ 30.8% |
| Remuneration and social security454/9 | €50,869 | €14,515 | €26,085 | €70,350 | €54,427 | ▼ 22.6% |
| Other amounts payable47/48 | €146,795 | €48,079 | - | €47,643 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,553 | €37,621 | €41,302 | €18,082 | -€61,844 | ▼ 442% |
| + Depreciation and write-downs630 | €45,467 | €52,465 | €56,876 | €77,835 | €43,676 | ▼ 43.9% |
| Operating cash flow (approximation) | €134,020 | €90,086 | €98,177 | €95,917 | -€18,167 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€4,164 | -€131,540 | -€144,129 | -€3,500 | ▲ 97.6% |
| Change in cash | - | -€26,260 | -€758 | -€39,529 | €43,183 | ▲ 209% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€61,844
Net result drops to -€61,844, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €181,843 ▲29.4%
6 profitable years in a row build equity to €181,843.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €88,553 ▲1,433%
Operating result €128,971, net result €88,553, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €153,590 ▲45%
2 profitable years in a row build equity to €153,590.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lokeren · 2 establishment units since 2017
Ground area
2,679 m²
Building footprint
605 m²
Volume, LiDAR
397 m³
2 parcels, Flanders, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Jutestraat 22, 9160 Lokeren
since 20172.264.840.330
Rue de l'Economie(RH) 6, 5020 Namur
since 20182.276.666.313
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0021/00R005 | Wallonia | 2,519 m² | 1 · 536 m² | - |
| 46383D0929/00C006 | Flanders | 160 m² | 1 · 69 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesALTECH 1973 BV43216
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Of 264 companies in sector 42212 we hold annual accounts for 120. 96 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
Founded12-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
42212Civil engineering
42211Civil engineering
42219Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675687152
Also
9925:BE0675687152
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.