ALTHEAS
ActiveSummary
ALTHEAS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €885,081 and a net result of €87,857. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 46% of 3560 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-18
Solvency62=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.26 in 2023; short-term debt: 55% and cash: 5.9% of total assets), and 62.7% 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
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
16 d early
2022
13 d early
2021
33 d early
2020
23 d late
2019
on the day
← 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 16 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, full schema
In the rankings
#9 fastest grower in Thimister-Clermont#9 company by equity in Thimister-Clermont, Construction sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€87,857▼ 6.8%
2023 · €94,270
Working capital
€347,581▲ 3.0%
2023 · €337,338
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
Operating result€39,016▼ 29.8%€66,669▲ 70.9%€50,210▼ 24.7%€188,490▲ 275%€193,967▲ 2.9%
Net result€3,468within the sector's middle half▼ 92.1%€28,164within the sector's middle half▲ 712%€995below the sector's middle half▼ 96.5%€94,270within the sector's middle half▲ 9,372%€87,857within the sector's middle half▼ 6.8%
Equity€855,922above the sector's middle half▲ 0.4%€884,086above the sector's middle half▲ 3.3%€885,081above the sector's middle half▲ 0.1%€885,081above the sector's middle half=€885,081above the sector's middle half=
Total assets€2.3mabove the sector's middle half▲ 6.9%€2.9mabove the sector's middle half▲ 25.7%€2.6mabove the sector's middle half▼ 10.0%€2.4mabove the sector's middle half▼ 7.9%€2.4mabove the sector's middle half▼ 1.7%
Debt€1.4m▲ 10.6%€2.0m▲ 38.6%€1.7m▼ 14.1%€1.5m▼ 12.7%€1.4m▼ 2.8%
Working capital€316,268within the sector's middle half▲ 58.1%€348,276within the sector's middle half▲ 10.1%€331,978within the sector's middle half▼ 4.7%€337,338within the sector's middle half▲ 1.6%€347,581within the sector's middle half▲ 3.0%
Solvency36.9%within the sector's middle half▼ 2.4pp30.3%within the sector's middle half▼ 6.6pp33.7%within the sector's middle half▲ 3.4pp36.6%within the sector's middle half▲ 2.9pp37.3%within the sector's middle half▲ 0.6pp
Current ratio1.27within the sector's middle half▲ 0.091.20within the sector's middle half▼ 0.071.22within the sector's middle half▲ 0.021.26within the sector's middle half▲ 0.041.27within the sector's middle half▲ 0.01
Return on assets (ROA)0.1%below the sector's middle half▼ 1.9pp1.0%within the sector's middle half▲ 0.8pp0.0%below the sector's middle half▼ 0.9pp3.9%within the sector's middle half▲ 3.9pp3.7%within the sector's middle half▼ 0.2pp
Staff (FTE)13.8within the sector's middle half▲ 23.2%13.1within the sector's middle half▼ 5.1%14.8within the sector's middle half▲ 13.0%15.4within the sector's middle half▲ 4.1%15.8within the sector's middle half▲ 2.6%
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.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€721,642 ▼ 5.9%
Current assets
€1.7m ▲ 0.2%
Equity and liabilities €2.4m
Equity
€885,081 =
Provisions
€49,339 ▼ 0.5%
Debt
€1.4m ▼ 2.8%
Debt's share of the balance-sheet total falls from 61.3% to 60.7%. Debt is lower.
Key figures and ratios
EBITDA
€247,432▲
2023 · €238,550
Cash flow
€141,322▼
2023 · €144,330
Quick ratio
1.24▲
2023 · 1.20
Debt to equity
1.63▼
2023 · 1.67
ROE
9.9%▼
2023 · 10.7%
Interest coverage
3.92▼
2023 · 6.65
Debt ≤ 1 year
€1.3m▼
2023 · €1.3m
Debt > 1 year
€134,803▼
2023 · €169,489
Income taxes
€46,302▼
2023 · €60,345
Staff costs
€911,379▲
2023 · €873,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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: 0.8% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €643,975 | €743,279 | €873,578 | €911,379 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,904 | €46,048 | €44,379 | €50,060 | €53,465 | ▲ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €20,000 | -€20,000 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €18,262 | -€13,256 | €7,383 | -€236 | ▼ 103% |
| Other operating charges640/8 | - | €18,481 | €13,548 | €42,855 | €13,339 | ▼ 68.9% |
| Gross operating margin9900 | €747,357 | €793,436 | €858,160 | €1.1m | €1.2m | ▲ 2.6% |
| Operating profit (loss)9901 | €39,016 | €66,669 | €50,210 | €188,490 | €193,967 | ▲ 2.9% |
| Financial income75/76B | - | €10 | €1,080 | €2,007 | €3,320 | ▲ 65.4% |
| Recurring financial income75 | €2,807 | €10 | €1,080 | €2,007 | €3,320 | ▲ 65.4% |
| Financial charges65/66B | - | €33,811 | €34,390 | €35,882 | €63,128 | ▲ 75.9% |
| Recurring financial charges65 | €37,819 | €33,811 | €34,390 | €35,882 | €63,128 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | €4,004 | €32,869 | €16,901 | €154,615 | €134,159 | ▼ 13.2% |
| Income taxes67/77 | €536 | €4,705 | €15,905 | €60,345 | €46,302 | ▼ 23.3% |
| Profit (loss) for the period9904 | €3,468 | €28,164 | €995 | €94,270 | €87,857 | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €3,468 | €28,164 | €995 | €94,270 | €87,857 | ▼ 6.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.9m | €2.6m | €2.4m | €2.4m | ▼ 1.7% |
| Fixed assets21/28 | €831,043 | €802,999 | €765,577 | €766,806 | €721,642 | ▼ 5.9% |
| Intangible fixed assets21 | €1,367 | - | - | - | - | - |
| Tangible fixed assets22/27 | €755,336 | €725,162 | €685,667 | €686,896 | €641,608 | ▼ 6.6% |
| Land and buildings22 | - | €700,728 | €663,728 | €626,728 | €589,728 | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €12,206 | €10,020 | €9,750 | €9,543 | ▼ 2.1% |
| Furniture and vehicles24 | - | €12,227 | €11,918 | €50,417 | €42,337 | ▼ 16.0% |
| Financial fixed assets28 | €74,340 | €77,837 | €79,910 | €79,910 | €80,034 | ▲ 0.2% |
| Current assets29/58 | €1.5m | €2.1m | €1.9m | €1.6m | €1.7m | ▲ 0.2% |
| Amounts receivable after more than one year29 | - | - | - | €882,876 | €853,787 | ▼ 3.3% |
| Other amounts receivable291 | - | - | - | €882,876 | €853,787 | ▼ 3.3% |
| Stocks and contracts in progress3 | €30,349 | €39,733 | €23,109 | €80,498 | €33,590 | ▼ 58.3% |
| Stocks30/36 | - | €27,033 | €23,109 | €20,490 | €22,577 | ▲ 10.2% |
| Contracts in progress37 | - | €12,700 | - | €60,008 | €11,013 | ▼ 81.6% |
| Amounts receivable within one year40/41 | €1.3m | €2.0m | €1.7m | €640,624 | €603,913 | ▼ 5.7% |
| Trade receivables40 | - | €1.2m | €878,301 | €615,624 | €603,913 | ▼ 1.9% |
| Other amounts receivable41 | - | €726,046 | €816,436 | €25,000 | - | - |
| Cash at bank and in hand54/58 | €33,875 | €79,140 | €112,373 | €42,262 | €140,441 | ▲ 232% |
| Deferred charges and accrued income490/1 | - | €28,693 | €28,062 | €3,304 | €21,417 | ▲ 548% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.9m | €2.6m | €2.4m | €2.4m | ▼ 1.7% |
| Equity10/15 | €855,922 | €884,086 | €885,081 | €885,081 | €885,081 | = |
| Contributions10/11 | - | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Revaluation surpluses12 | - | €592,000 | €555,000 | €518,000 | €481,000 | ▼ 7.1% |
| Reserves13 | €125,817 | €162,817 | €250,817 | €287,817 | €324,817 | ▲ 12.9% |
| Non-distributable reserves130/1 | - | €6,817 | €242,817 | €279,817 | €310,000 | ▲ 10.8% |
| Reserves not available under the articles1311 | - | €6,817 | €242,817 | €279,817 | €310,000 | ▲ 10.8% |
| Tax-exempt reserves132 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | - | €148,000 | - | - | €6,817 | - |
| Profit (loss) carried forward14 | €32,934 | €61,098 | €11,093 | €11,093 | €11,093 | = |
| Provisions and deferred taxes16 | €37,185 | €55,447 | €42,191 | €49,575 | €49,339 | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | - | €55,447 | €42,191 | €49,575 | €49,339 | ▼ 0.5% |
| Other liabilities and charges164/5 | - | €55,447 | €42,191 | €49,575 | €49,339 | ▼ 0.5% |
| Amounts payable17/49 | €1.4m | €2.0m | €1.7m | €1.5m | €1.4m | ▼ 2.8% |
| Amounts payable after more than one year17 | €254,204 | €211,742 | €170,282 | €169,489 | €134,803 | ▼ 20.5% |
| Financial debts170/4 | - | €211,742 | €170,282 | €169,489 | €134,803 | ▼ 20.5% |
| Amounts payable within one year42/48 | €1.2m | €1.8m | €1.5m | €1.3m | €1.3m | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €43,295 | €41,460 | €38,030 | €32,853 | ▼ 13.6% |
| Financial debts43 | - | €683,719 | €635,819 | €250,000 | €658,000 | ▲ 163% |
| Credit institutions430/8 | - | €683,719 | €635,819 | €250,000 | €658,000 | ▲ 163% |
| Trade debts44 | €498,557 | €924,600 | €743,038 | €529,063 | €371,528 | ▼ 29.8% |
| Suppliers440/4 | - | €924,600 | €743,038 | €529,063 | €371,528 | ▼ 29.8% |
| Advances received on contracts in progress46 | - | €36,009 | - | €223,615 | - | - |
| Taxes, remuneration and social security45 | - | €75,097 | €103,348 | €174,609 | €152,690 | ▼ 12.6% |
| Taxes450/3 | - | €18,357 | €25,696 | €121,963 | €79,283 | ▼ 35.0% |
| Remuneration and social security454/9 | - | €56,740 | €77,652 | €52,646 | €73,407 | ▲ 39.4% |
| Other amounts payable47/48 | - | €1,289 | €2,639 | €96,909 | €90,496 | ▼ 6.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,468 | €28,164 | €995 | €94,270 | €87,857 | ▼ 6.8% |
| + Depreciation and write-downs630 | €53,904 | €46,048 | €44,379 | €50,060 | €53,465 | ▲ 6.8% |
| Operating cash flow (approximation) | €57,372 | €74,212 | €45,374 | €144,330 | €141,322 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€18,003 | -€6,957 | -€51,289 | -€8,301 | ▲ 83.8% |
| Change in cash | - | €45,265 | €33,233 | -€70,111 | €98,178 | ▲ 240% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €94,270 ▲9,372%
Net result €94,270, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €43,623
Net result €43,623 after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Thimister-Clermont · 1 establishment unit since 1996
Ground area
6,804 m²
Building footprint
1,014 m²
Volume, LiDAR
7,687 m³
Parcel 63077C0239/00S000, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sur les Thiers 12, 4890 Thimister-Clermont
since 19962.074.746.361
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0239/00S000 | Wallonia | 6,804 m² | 1 · 1,014 m² | 9.0 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Compagnie de Péville
- ALTHEAS
Highest known parent: Compagnie de Péville. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
4 categoriesALTHEAS SRL22522
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,285 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
Founded22-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456696685
Also
9925:BE0456696685
Registered
07-01-2026
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.