ALTEX GROUP
The computed 12-month bankruptcy probability of ALTEX GROUP is 5.6% (elevated). The 2024 annual accounts show negative equity (€-12k) and a net result of €-292. Equity is shrinking by ~59.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 2248 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-12k |
| Net result | €-292 |
| Staff (FTE) | 3.5 |
| Better than sector | 12% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.4% | 27.4% | |
| Net result | €-292 | €6k | |
| Equity | €-12k | €17k | |
| Gross operating margin | €183k | €28k | |
| Staff costs | €175k | €36k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €5k |
| Net profit | €-292 |
| Cash flow | €4k |
| Staff costs | €175k |
| Income taxes | - |
| Dividends | - |
| Total assets | €63k |
| Equity | €-12k |
| Debt | €75k |
| of which ≤ 1y | €72k |
| of which > 1y | €4k |
| Working capital | €-23k |
| Employees (FTE) | 3.5 |
| 2024 | |
|---|---|
| Current ratio | 0.68 |
| Quick ratio | 0.68 |
| Working capital ratio | -36.6% |
| Solvency | -19.4% |
| Debt / equity | -6.15 |
| Long-term debt ratio | -0.30 |
| Interest coverage | 3.46 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.5% |
| ROE | 2.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €63k |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €14k |
| Current assets | 29/58 | €49k |
| Amounts receivable within one year | 40/41 | €44k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €63k |
| Equity | 10/15 | €-12k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-14k |
| Amounts payable | 17/49 | €75k |
| Amounts payable after one year | 17 | €4k |
| Amounts payable within one year | 42/48 | €72k |
| Trade debts payable within one year | 44 | €29k |
| Income statement | ||
| Gross operating margin | 9900 | €183k |
| Operating result | 9901 | €719 |
| Financial income | 75 | €461 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-292 |
| Net result for the period | 9904 | €-292 |
| Result to be appropriated | 9905 | €-292 |
-
Current01-04-2025 → present
Former directors (1)
-
Former- → 01-04-2025
| NACE primary | Road freight transport(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 05-07-2022 |
| Status | Active |
| Postal code | 3120 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0065/00D004 | Flanders | 610 m² | 1 · 157 m² | 7.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-10-2025 Transaction in capital or shares
Technical details
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"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": "BEF",
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"delta_eur": null,
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"amount_type": "onbekend",
"effective_date": "2025-04-01",
"evidence_quote": "Meneer Babakhanyan Mher verwerft 100 aandelen aan Mevrouw Sargsyan Narin\u00E9.",
"contribution_type": null
}
],
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},
"subject_company": {
"kbo": "0788.255.355",
"name_full": "ALTEX GROUP",
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}
}07-07-2022 Incorporation of a new BV
Technical details
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"kind": "oprichting",
"seat": "Lierbaan 169, 2580 Putte",
"schema": "v3.2",
"act_meta": {
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"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1979-12-07",
"name": "BABAKHANYAN Mher Davit",
"niss": null,
"address": "8200 Brugge, Lange Vesting 70"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "BABAKHANYAN Mher Davit",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
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}
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"capital_eur": 2000,
"subject_company": {
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"initial_directors": [],
"incorporation_date": "2022-07-05",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | ALTEX GROUP |