ALTECS
ActiveSummary
ALTECS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69,750 and a net result of €5,923. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+40
Solvency88▲+14
Growth44=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.75 against 2.66 in 2023; short-term debt: 14% and cash: 5% of total assets), and 37% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
63%
Return on assets
5.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
37 d early
2022
40 d early
2021
4 d early
2020
33 d early
2019
38 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€179,521▲ 12.1%
2020 · €160,161
EBIT margin
-1.9%▼ 3.8pp
2020 · 1.9%
Net result
€5,923
2023 · -€10,732
Working capital
€57,991▲ 13.5%
2023 · €51,110
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Turnover€160,161▼ 16.9%€179,521
Operating result€3,047▼ 67.7%€22,753▲ 647%-€3,454-€2,999▲ 13.2%€13,438
Net result€1,254below the sector's middle half▼ 82.0%€14,183within the sector's middle half▲ 1,031%€208below the sector's middle half▼ 98.5%-€10,732below the sector's middle half€5,923below the sector's middle half
EBIT margin1.9%▼ 3.0pp-1.9%
Equity€60,167below the sector's middle half▲ 2.1%€74,350below the sector's middle half▲ 23.6%€74,558below the sector's middle half▲ 0.3%€63,827below the sector's middle half▼ 14.4%€69,750below the sector's middle half▲ 9.3%
Total assets€85,247below the sector's middle half▼ 8.8%€96,707below the sector's middle half▲ 13.4%€84,706below the sector's middle half▼ 12.4%€130,941below the sector's middle half▲ 54.6%€110,652below the sector's middle half▼ 15.5%
Debt€25,079▼ 27.5%€22,357▼ 10.9%€10,147▼ 54.6%€67,115▲ 561%€40,902▼ 39.1%
Working capital€56,421within the sector's middle half▼ 8.8%€64,917within the sector's middle half▲ 15.1%€70,332within the sector's middle half▲ 8.3%€51,110within the sector's middle half▼ 27.3%€57,991within the sector's middle half▲ 13.5%
Solvency70.6%above the sector's middle half▲ 7.6pp76.9%above the sector's middle half▲ 6.3pp88.0%above the sector's middle half▲ 11.1pp48.7%within the sector's middle half▼ 39.3pp63.0%within the sector's middle half▲ 14.3pp
Current ratio3.68above the sector's middle half▲ 0.083.90above the sector's middle half▲ 0.227.93above the sector's middle half▲ 4.032.66within the sector's middle half▼ 5.274.75above the sector's middle half▲ 2.09
Return on assets (ROA)1.5%within the sector's middle half▼ 6.0pp14.7%above the sector's middle half▲ 13.2pp0.2%below the sector's middle half▼ 14.4pp-8.2%below the sector's middle half▼ 8.4pp5.4%within the sector's middle half▲ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13,438 after a loss of €2,999 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110,652
Fixed assets
€37,184 ▼ 24.2%
Current assets
€73,468 ▼ 10.3%
Equity and liabilities €110,652
Equity
€69,750 ▲ 9.3%
Debt
€40,902 ▼ 39.1%
Debt's share of the balance-sheet total falls from 51.3% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,251▲
2023 · €10,580
Cash flow
€18,736▲
2023 · €2,848
Quick ratio
0.55▼
2023 · 0.66
Debt to equity
0.59▼
2023 · 1.05
ROE
8.5%▲
2023 · -16.8%
Interest coverage
8.56▲
2023 · 3.18
Debt ≤ 1 year
€15,477▼
2023 · €30,800
Debt > 1 year
€25,425▼
2023 · €36,315
Income taxes
€4,499▲
2023 · €4,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €160,161 | - | €179,521 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €176,321 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,221 | €5,570 | €5,661 | €13,580 | €12,813 | ▼ 5.6% |
| Other operating charges640/8 | - | €826 | €993 | €1,248 | €1,541 | ▲ 23.4% |
| Gross operating margin9900 | €6,485 | €29,149 | €3,200 | €11,828 | €27,791 | ▲ 135% |
| Operating profit (loss)9901 | €3,047 | €22,753 | -€3,454 | -€2,999 | €13,438 | ▲ 548% |
| Financial income75/76B | - | €56 | €22 | €17 | €66 | ▲ 295% |
| Recurring financial income75 | - | €56 | €22 | €17 | €66 | ▲ 295% |
| Non-recurring financial income76B | - | €56 | - | €17 | €66 | ▲ 295% |
| Financial charges65/66B | - | €972 | €1,072 | €3,354 | €3,082 | ▼ 8.1% |
| Recurring financial charges65 | €1,019 | €962 | €1,071 | €3,325 | €3,067 | ▼ 7.8% |
| Non-recurring financial charges66B | - | €10 | €1 | €29 | €15 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €2,484 | €21,837 | -€4,504 | -€6,337 | €10,421 | ▲ 264% |
| Income taxes67/77 | €1,230 | €7,654 | -€4,712 | €4,395 | €4,499 | ▲ 2.4% |
| Profit (loss) for the period9904 | €1,254 | €14,183 | €208 | -€10,732 | €5,923 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €1,254 | €14,183 | €208 | -€10,732 | €5,923 | ▲ 155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,247 | €96,707 | €84,706 | €130,941 | €110,652 | ▼ 15.5% |
| Fixed assets21/28 | €7,784 | €9,433 | €4,226 | €49,031 | €37,184 | ▼ 24.2% |
| Tangible fixed assets22/27 | €7,784 | €9,433 | €4,226 | €49,031 | €37,184 | ▼ 24.2% |
| Plant, machinery and equipment23 | - | €2,415 | €1,669 | €619 | €1,301 | ▲ 110% |
| Furniture and vehicles24 | - | €3,610 | - | €46,708 | €35,031 | ▼ 25.0% |
| Other tangible fixed assets26 | - | €3,408 | €2,557 | €1,704 | €852 | ▼ 50.0% |
| Current assets29/58 | €77,463 | €87,274 | €80,480 | €81,910 | €73,468 | ▼ 10.3% |
| Stocks and contracts in progress3 | €58,057 | €71,446 | €56,200 | €61,635 | €64,976 | ▲ 5.4% |
| Stocks30/36 | - | €71,446 | €56,200 | €61,635 | €64,976 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €7,039 | €12,952 | €3,922 | €12,807 | €2,936 | ▼ 77.1% |
| Trade receivables40 | - | €11,037 | €2,700 | €12,307 | €1,287 | ▼ 89.5% |
| Other amounts receivable41 | - | €1,915 | €1,222 | €500 | €1,649 | ▲ 230% |
| Cash at bank and in hand54/58 | €9,977 | €2,876 | €20,358 | €7,468 | €5,555 | ▼ 25.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,247 | €96,707 | €84,706 | €130,941 | €110,652 | ▼ 15.5% |
| Equity10/15 | €60,167 | €74,350 | €74,558 | €63,827 | €69,750 | ▲ 9.3% |
| Reserves13 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Distributable reserves133 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Profit (loss) carried forward14 | €39,707 | €53,890 | €54,098 | €43,367 | €49,290 | ▲ 13.7% |
| Amounts payable17/49 | €25,079 | €22,357 | €10,147 | €67,115 | €40,902 | ▼ 39.1% |
| Amounts payable after more than one year17 | €4,038 | - | - | €36,315 | €25,425 | ▼ 30.0% |
| Financial debts170/4 | - | - | - | €36,315 | €25,425 | ▼ 30.0% |
| Amounts payable within one year42/48 | €21,041 | €22,357 | €10,147 | €30,800 | €15,477 | ▼ 49.7% |
| Current portion of amounts payable after more than one year42 | - | €4,038 | - | €10,384 | €10,890 | ▲ 4.9% |
| Trade debts44 | €100 | - | €124 | €2,399 | - | - |
| Suppliers440/4 | - | - | €124 | €2,399 | - | - |
| Taxes, remuneration and social security45 | - | €5,492 | - | - | €1,425 | - |
| Taxes450/3 | - | €5,492 | - | - | €1,425 | - |
| Other amounts payable47/48 | - | €12,827 | €10,023 | €18,017 | €3,163 | ▼ 82.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,254 | €14,183 | €208 | -€10,732 | €5,923 | ▲ 155% |
| + Depreciation and write-downs630 | €2,221 | €5,570 | €5,661 | €13,580 | €12,813 | ▼ 5.6% |
| Operating cash flow (approximation) | €3,474 | €19,753 | €5,869 | €2,848 | €18,736 | ▲ 558% |
| Investment in fixed assets (approximation) | - | -€7,219 | -€454 | -€58,385 | -€966 | ▲ 98.3% |
| Change in cash | - | -€7,101 | €17,482 | -€12,890 | -€1,913 | ▲ 85.2% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €5,923
Net result €5,923 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€10,732
Net result drops to -€10,732, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 7.93
Current ratio from 3.90 to 7.93; short-term debt falls from €22,357 to €10,147.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €14,183 ▲1,031%
Operating result €22,753, net result €14,183, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Asse · 1 establishment unit since 2008
Ground area
161 m²
Building footprint
209 m²
Volume, LiDAR
1,301 m³
Parcel 23002I0080/00T000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTECS BVBA
since 20082.171.666.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002I0080/00T000 | Flanders | 161 m² | 1 · 209 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,762 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
Founded16-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Website
www.altecs.be
E-mail
info@altecs.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898563656
Also
9925:BE0898563656
Registered
09-12-2024
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.