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ALTHIA

Active
Private limited companyfounded 200620 yrs activeWaterloosesteenweg 756, 1180 Ukkel, BelgiumKBO/BCE: BE 0881.252.423
Summary

The computed 12-month bankruptcy probability of ALTHIA is 1.5% (moderate). The 2025 annual accounts show equity of €27,822 and a net result of €6,190. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability93▲+38
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 7.32; short-term debt: 13.3% and cash: 54.7% of total assets), and 13.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
86.7%
Return on assets
19.3%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
71 d early
2024
70 d early
2023
75 d early
2022
41 d early
2021
75 d early
2020
79 d early
2019
64 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 68 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALTHIA was incorporated on 11 May 2006.1 Total assets rose from EUR 27,784 in 2018 to EUR 32,107 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,190▲ 1,036%
2024 · €545
Working capital
€27,078▲ 16.1%
2023 · €23,319
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€42€939▲ 2,136%€1,027▲ 9.4%€945▼ 8.0%€6,583▲ 597%
Net result-€320▲ 90.5%€566€650▲ 14.8%€545▼ 16.2%€6,190▲ 1,036%
Equity€24,157▼ 1.3%€24,723▲ 2.3%€25,373▲ 2.6%€25,918▲ 2.1%€27,822▲ 7.3%
Total assets€24,157▼ 1.3%€25,200▲ 4.3%€26,010▲ 3.2%€25,918▼ 0.4%€32,107▲ 23.9%
Debt€477€637▲ 33.5%€4,285
Working capital€22,014€23,319▲ 5.9%€27,078
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000€6,000Operating result 2021: €42€42Net result 2021: -€320-€320Operating result 2022: €939€939Net result 2022: €566€566Operating result 2023: €1,027€1,027Net result 2023: €650€650Operating result 2024: €945€945Net result 2024: €545€545Operating result 2025: €6,583€6,583Net result 2025: €6,190€6,19020212022202320242025€0€2,000€4,000€6,000Operating result 2023: €1,027€1,030Net result 2023: €650€650Operating result 2024: €945€945Net result 2024: €545€545Operating result 2025: €6,583€6,580Net result 2025: €6,190€6,190202320242025
The operating result recovers in 2025; 2025 is 597% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,107
Fixed assets €744 ▼ 46.8%
Current assets €31,363 ▲ 27.9%
Equity and liabilities €32,107
Equity €27,822
Debt €4,285
Debt finances 13.3% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,238▲
2024 · €1,600
Cash flow
€6,845▲
2024 · €1,200
Current ratio
7.32
Debt to equity
0.15
ROE
22.2%▲
2024 · 2.1%
ROA
19.3%▲
2024 · 2.1%
Interest coverage
18.42▲
2024 · 4.00
Debt ≤ 1 year
€4,285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€25,918€32,107▲
Fixed assets21/28€1,399€744▼
Tangible fixed assets22/27€1,399€744▼
Other tangible fixed assets26€1,399€744▼
Current assets29/58€24,519€31,363▲
Amounts receivable within one year40/41€14,766€13,738▼
Trade receivables40€2,500€2,500=
Other amounts receivable41€12,266€11,238▼
Current investments50/53€60€60=
Cash at bank and in hand54/58€9,693€17,565▲
Equity and liabilities
Total equity and liabilities10/49€25,918€32,107▲
Equity10/15€25,918€27,822▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14€17,858€19,762▲
Amounts payable17/49-€4,285
Amounts payable within one year42/48-€4,285
Taxes, remuneration and social security45-€1,285
Taxes450/3-€1,285
Other amounts payable47/48-€3,000
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€655€655=
Gross operating margin9900€1,600€7,238▲
Operating profit (loss)9901€945€6,583▲
Financial charges65/66B€400€393▼
Recurring financial charges65€400€393▼
Profit (loss) for the period before taxes9903€545€6,190▲
Profit (loss) for the period9904€545€6,190▲
Profit (loss) for the period to be appropriated9905€545€6,190▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,858€24,048▲
Profit (loss) brought forward from the previous period14P€17,313€17,858▲
Profit to be distributed694/7-€4,286
Return on contributions (dividend)694-€4,286

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€566€655€655€655=
Gross operating margin9900€42€1,505€1,682€1,600€7,238▲ 352%
Operating profit (loss)9901€42€939€1,027€945€6,583▲ 597%
Financial charges65/66B€362€373€377€400€393▼ 1.8%
Recurring financial charges65€362€373€377€400€393▼ 1.8%
Profit (loss) for the period before taxes9903-€320€566€650€545€6,190▲ 1,036%
Profit (loss) for the period9904-€320€566€650€545€6,190▲ 1,036%
Profit (loss) for the period to be appropriated9905-€320€566€650€545€6,190▲ 1,036%
Line20212022202320242025Change
Assets
Total assets20/58€24,157€25,200€26,010€25,918€32,107▲ 23.9%
Fixed assets21/28-€2,709€2,054€1,399€744▼ 46.8%
Tangible fixed assets22/27-€2,709€2,054€1,399€744▼ 46.8%
Other tangible fixed assets26-€2,709€2,054€1,399€744▼ 46.8%
Current assets29/58€24,157€22,491€23,956€24,519€31,363▲ 27.9%
Amounts receivable within one year40/41€19,325€16,284€16,333€14,766€13,738▼ 7.0%
Trade receivables40€2,500€2,500€2,500€2,500€2,500=
Other amounts receivable41€16,825€13,784€13,833€12,266€11,238▼ 8.4%
Current investments50/53€60€60€60€60€60=
Cash at bank and in hand54/58€4,772€6,147€7,563€9,693€17,565▲ 81.2%
Equity and liabilities
Total equity and liabilities10/49€24,157€25,200€26,010€25,918€32,107▲ 23.9%
Equity10/15€24,157€24,723€25,373€25,918€27,822▲ 7.3%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860---
Reserves not available under the articles1311€1,860€1,860€1,860---
Distributable reserves133---€1,860€1,860=
Profit (loss) carried forward14€16,097€16,663€17,313€17,858€19,762▲ 10.7%
Amounts payable17/49-€477€637-€4,285-
Amounts payable within one year42/48-€477€637-€4,285-
Trade debts44-€477€637---
Suppliers440/4-€477€637---
Taxes, remuneration and social security45----€1,285-
Taxes450/3----€1,285-
Other amounts payable47/48----€3,000-
Line20212022202320242025Change
Profit (loss) for the period9904-€320€566€650€545€6,190▲ 1,036%
+ Depreciation and write-downs630-€566€655€655€655=
Operating cash flow (approximation)-€320€1,132€1,305€1,200€6,845▲ 470%
Investment in fixed assets (approximation)--€0€0€0-
Change in cash-€1,375€1,416€2,130€7,872▲ 270%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2018net €6,190 ▲1,036%
Operating result €6,583, net result €6,190, both a record.
22-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €566
Net result €566 after 2 loss-making years.
17-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
13-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet -€3,355
Net result drops to -€3,355, the lowest in the series; recovery starts the following year.
28-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Back to profitnet €2,477
Net result €2,477 after one loss-making year.
06-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
18-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
1,568 m²
Building footprint
1,334 m²
Volume, LiDAR
22,807 m³
2 parcels, Brussels · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
15 companies at this address See who is registered here
1 establishment unit
Molièrelaan 120, 1190 Vorst
NACE 85146
since 20062.156.632.375
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0049/00Y000 Brussels 889 m² 1 · 875 m² 23.3 m · 6 fl.
21383B0078/00M004 Brussels 679 m² 1 · 459 m² 24.0 m · 7 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.

Company details

Identification
Legal formPrivate limited company
Founded11-05-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.