ALTHIEL
ActiveSummary
ALTHIEL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,475 and a net result of €636,647. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.98 in 2024; short-term debt: 97.7% and cash: 96.3% of total assets), and 97.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.3%
Return on assets
116.5%
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 11% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
8 d late
2024
27 d late
2023
48 d late
2022
71 d early
2021
60 d late
2020
30 d late
← 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 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 27 August (4 of the last 5 filed years within 33 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, micro schema
Equity
€12,475▲ 114%
2024 · €5,827
Total assets
€546,572▼ 3.6%
2024 · €566,800
Net result
€636,647▲ 26.6%
2024 · €502,837
Working capital
€1,019
2024 · -€13,877
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€184,386€305,824▲ 65.9%€415,642▲ 35.9%€587,843▲ 41.4%€782,723▲ 33.2%
Net result€173,880above the sector's middle half€266,384above the sector's middle half▲ 53.2%€348,181above the sector's middle half▲ 30.7%€502,837above the sector's middle half▲ 44.4%€636,647above the sector's middle half▲ 26.6%
Equity€448,425above the sector's middle half▲ 22,321%€714,809above the sector's middle half▲ 59.4%€2,990below the sector's middle half▼ 99.6%€5,827below the sector's middle half▲ 94.9%€12,475below the sector's middle half▲ 114%
Total assets€490,887within the sector's middle half▲ 24,444%€795,488above the sector's middle half▲ 62.1%€433,472within the sector's middle half▼ 45.5%€566,800above the sector's middle half▲ 30.8%€546,572above the sector's middle half▼ 3.6%
Debt€42,462€80,679▲ 90.0%€430,481▲ 434%€560,973▲ 30.3%€534,097▼ 4.8%
Working capital€445,488above the sector's middle half€711,100above the sector's middle half▲ 59.6%-€25,650below the sector's middle half-€13,877below the sector's middle half▲ 45.9%€1,019within the sector's middle half
Solvency91.3%above the sector's middle half89.9%above the sector's middle half▼ 1.5pp0.7%below the sector's middle half▼ 89.2pp1.0%below the sector's middle half▲ 0.3pp2.3%below the sector's middle half▲ 1.3pp
Current ratio11.49above the sector's middle half9.81above the sector's middle half▼ 1.680.94below the sector's middle half▼ 8.870.98below the sector's middle half▲ 0.031.00below the sector's middle half▲ 0.03
Return on assets (ROA)35.4%above the sector's middle half33.5%above the sector's middle half▼ 1.9pp80.3%above the sector's middle half▲ 46.8pp88.7%above the sector's middle half▲ 8.4pp116.5%above the sector's middle half▲ 27.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €546,572
Fixed assets
€11,456 ▼ 41.9%
Current assets
€535,116 ▼ 2.2%
Equity and liabilities €546,572
Equity
€12,475 ▲ 114%
Debt
€534,097 ▼ 4.8%
Debt's share of the balance-sheet total falls from 99.0% to 97.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€790,971▲
2024 · €596,780
Cash flow
€644,896▲
2024 · €511,774
Debt to equity
42.82▼
2024 · 96.27
Interest coverage
3621.00▲
2024 · 1066.86
Debt ≤ 1 year
€534,097▼
2024 · €560,973
Income taxes
€149,509▲
2024 · €84,447
A ratio outside any meaningful range has been withheld (balance sheet total €546,572, equity €12,475).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 875 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,336 | €2,024 | €5,415 | €8,937 | €8,248 | ▼ 7.7% |
| Other operating charges640/8 | - | €212 | €1,630 | €1,518 | €1,379 | ▼ 9.2% |
| Gross operating margin9900 | €185,721 | €308,060 | €422,686 | €598,297 | €792,350 | ▲ 32.4% |
| Operating profit (loss)9901 | €184,386 | €305,824 | €415,642 | €587,843 | €782,723 | ▲ 33.2% |
| Financial income75/76B | €4,448 | €4,458 | €5,202 | - | €3,651 | - |
| Recurring financial income75 | €4,448 | €4,458 | €5,202 | - | €3,651 | - |
| Financial charges65/66B | €16 | €350 | €286 | €559 | €218 | ▼ 60.9% |
| Recurring financial charges65 | €16 | €350 | €286 | €559 | €218 | ▼ 60.9% |
| Profit (loss) for the period before taxes9903 | €188,818 | €309,931 | €420,558 | €587,283 | €786,156 | ▲ 33.9% |
| Income taxes67/77 | €14,938 | €43,547 | €72,377 | €84,447 | €149,509 | ▲ 77.0% |
| Profit (loss) for the period9904 | €173,880 | €266,384 | €348,181 | €502,837 | €636,647 | ▲ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €173,880 | €266,384 | €348,181 | €502,837 | €636,647 | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €490,887 | €795,488 | €433,472 | €566,800 | €546,572 | ▼ 3.6% |
| Fixed assets21/28 | €2,938 | €3,709 | €28,641 | €19,704 | €11,456 | ▼ 41.9% |
| Tangible fixed assets22/27 | €2,938 | €3,709 | €28,641 | €19,704 | €11,456 | ▼ 41.9% |
| Furniture and vehicles24 | €2,938 | €3,709 | €28,641 | €19,704 | €11,456 | ▼ 41.9% |
| Current assets29/58 | €487,949 | €791,779 | €404,831 | €547,096 | €535,116 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €10,134 | €38,148 | €49,277 | €553 | €6,045 | ▲ 992% |
| Trade receivables40 | - | €38,148 | €49,277 | - | - | - |
| Other amounts receivable41 | €10,134 | €0 | - | €553 | €6,045 | ▲ 992% |
| Current investments50/53 | €252,244 | €252,244 | €252,244 | €252,244 | - | - |
| Cash at bank and in hand54/58 | €224,206 | €499,660 | €100,555 | €291,529 | €526,180 | ▲ 80.5% |
| Deferred charges and accrued income490/1 | €1,366 | €1,727 | €2,755 | €2,770 | €2,891 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €490,887 | €795,488 | €433,472 | €566,800 | €546,572 | ▼ 3.6% |
| Equity10/15 | €448,425 | €714,809 | €2,990 | €5,827 | €12,475 | ▲ 114% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €446,425 | €712,809 | €990 | €3,827 | €10,475 | ▲ 174% |
| Amounts payable17/49 | €42,462 | €80,679 | €430,481 | €560,973 | €534,097 | ▼ 4.8% |
| Amounts payable within one year42/48 | €42,462 | €80,679 | €430,481 | €560,973 | €534,097 | ▼ 4.8% |
| Trade debts44 | €109 | €252 | €26 | €254 | €20 | ▼ 92.2% |
| Suppliers440/4 | €109 | €252 | €26 | €254 | €20 | ▼ 92.2% |
| Taxes, remuneration and social security45 | €42,353 | €78,278 | €71,626 | €35,204 | €129,336 | ▲ 267% |
| Taxes450/3 | €42,353 | €78,278 | €71,626 | €35,204 | €129,336 | ▲ 267% |
| Other amounts payable47/48 | - | €2,149 | €358,830 | €525,515 | €404,742 | ▼ 23.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €173,880 | €266,384 | €348,181 | €502,837 | €636,647 | ▲ 26.6% |
| + Depreciation and write-downs630 | €1,336 | €2,024 | €5,415 | €8,937 | €8,248 | ▼ 7.7% |
| Operating cash flow (approximation) | €175,215 | €268,408 | €353,596 | €511,774 | €644,896 | ▲ 26.0% |
| Investment in fixed assets (approximation) | - | -€2,795 | -€30,346 | €0 | €0 | - |
| Change in cash | - | €275,455 | -€399,105 | €190,974 | €234,651 | ▲ 22.9% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
31-12
Financial
Highest result since 2021net €636,647 ▲26.6%
Operating result €782,723, net result €636,647, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
30-08
State Gazette act
General meeting · Board meeting
Director resignation · Director discharge
21-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
14-04
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
14-04
State Gazette act
Board meeting · General meeting
Power of attorney · Permanent representative
14-03
State Gazette act
Board meeting · Power of attorney
2022
31-12
Financial
Equity above €500,000Eq €714,809 ▲59.4%
2 profitable years in a row build equity to €714,809.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
05-01
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
Show earlier events
2021
31-12
Financial
Equity above €200,000Eq €448,425 ▲22,321%
Equity rises from €2,000 to €448,425.
14-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
27-07
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
27-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
20-07
State Gazette act
General meeting · Board meeting
Auditor appointment · Permanent representative
23-06
State Gazette act
Board meeting · Director resignation
Director appointment · Power of attorney
23-06
State Gazette act
Director resignation · Director appointment
Power of attorney · Permanent representative
14-05
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
14-05
State Gazette act
Board meeting · Power of attorney
Permanent representative
2020
10-11
State Gazette act
Board meeting · Power of attorney
Permanent representative
10-11
State Gazette act
Board meeting · Permanent representative
Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lasne · 1 establishment unit since 2020
Ground area
2,715 m²
Building footprint
158 m²
Volume, LiDAR
1,386 m³
Parcel 25076F0231/00C000, Wallonia · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALTHIEL
since 20202.301.183.161
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0231/00C000 | Wallonia | 2,715 m² | 1 · 158 m² | 13.9 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
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ManCo Investment Company Plus
Shared director
→
Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
4 locations
2 locations
2 locations
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
9845006UCB2AE1CCF857
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 25,423 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
Founded14-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71111Activities of building architects
71112Activities of interior architects
71121Engineering and related technical consultancy, excluding land surveyors
71122Land surveying
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745958011
Registered
06-01-2026
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.