ALTHO
ActiveSummary
The computed 12-month bankruptcy probability of ALTHO is 3.1% (moderate). The 2024 annual accounts show negative equity (-€56,856) and a net result of -€6,835. Equity is shrinking by ~22.5% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
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Signals
This company filed its last 6 accounts on average 189 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 2,799 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.
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9,000 | €9,000 | €9,000 | - | €9,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €158 | - | €997 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Gross operating margin9900 | - | - | €8,842 | - | €8,003 | - |
| Operating profit (loss)9901 | -€7,500 | -€7,500 | €1,342 | -€7,500 | €503 | ▲ 107% |
| Financial charges65/66B | - | - | €7,642 | €463 | €7,338 | ▲ 1,486% |
| Recurring financial charges65 | €8,403 | €7,378 | €7,642 | €463 | €7,338 | ▲ 1,486% |
| Profit (loss) for the period before taxes9903 | -€15,903 | -€14,878 | -€6,300 | -€7,963 | -€6,835 | ▲ 14.2% |
| Profit (loss) for the period9904 | -€15,903 | -€14,878 | -€6,300 | -€7,963 | -€6,835 | ▲ 14.2% |
| Profit (loss) for the period to be appropriated9905 | -€15,903 | -€14,878 | -€6,300 | -€7,963 | -€6,835 | ▲ 14.2% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240,441 | €232,940 | €217,940 | €210,446 | €203,094 | ▼ 3.5% |
| Fixed assets21/28 | €240,440 | €232,940 | €217,940 | €210,440 | €202,940 | ▼ 3.6% |
| Tangible fixed assets22/27 | €240,440 | €232,940 | €217,940 | €210,440 | €202,940 | ▼ 3.6% |
| Land and buildings22 | - | - | €217,940 | €210,440 | €202,940 | ▼ 3.6% |
| Current assets29/58 | €1 | - | - | €6 | €154 | ▲ 2,379% |
| Cash at bank and in hand54/58 | €1 | - | - | €6 | €154 | ▲ 2,379% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240,441 | €232,940 | €217,940 | €210,446 | €203,094 | ▼ 3.5% |
| Equity10/15 | -€18,949 | -€26,969 | -€42,057 | -€50,020 | -€56,856 | ▼ 13.7% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | - | - | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | - | - | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | - | - | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €2,058 | €2,058 | €2,058 | €2,058 | €2,058 | = |
| Non-distributable reserves130/1 | - | - | €2,058 | €2,058 | €1,859 | ▼ 9.6% |
| Legal reserve130 | - | - | €2,058 | €2,058 | €1,859 | ▼ 9.6% |
| Distributable reserves133 | - | - | - | - | €198 | - |
| Profit (loss) carried forward14 | -€27,204 | -€35,224 | -€50,312 | -€58,275 | -€65,110 | ▼ 11.7% |
| Provisions and deferred taxes16 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €10,000 | €10,000 | €10,000 | = |
| Pensions and similar obligations160 | - | - | - | €10,000 | €10,000 | = |
| Other liabilities and charges164/5 | - | - | €10,000 | - | - | - |
| Amounts payable17/49 | €249,390 | €249,909 | €249,997 | €250,466 | €249,950 | ▼ 0.2% |
| Amounts payable after more than one year17 | €141,029 | €120,135 | €78,346 | €78,346 | €68,883 | ▼ 12.1% |
| Financial debts170/4 | - | - | €78,346 | €78,346 | €68,883 | ▼ 12.1% |
| Amounts payable within one year42/48 | €108,361 | €129,774 | €171,652 | €172,121 | €181,067 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | €32,327 | €32,327 | €20,895 | ▼ 35.4% |
| Financial debts43 | - | - | €2,551 | - | - | - |
| Credit institutions430/8 | - | - | €2,551 | - | - | - |
| Trade debts44 | €5,565 | €5,565 | €5,565 | €5,565 | €5,565 | = |
| Suppliers440/4 | - | - | €5,565 | €5,565 | €5,565 | = |
| Taxes, remuneration and social security45 | - | - | €11,231 | €11,231 | €8,798 | ▼ 21.7% |
| Taxes450/3 | - | - | €11,231 | €11,231 | €8,798 | ▼ 21.7% |
| Other amounts payable47/48 | - | - | €119,978 | €122,998 | €145,810 | ▲ 18.5% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,903 | -€14,878 | -€6,300 | -€7,963 | -€6,835 | ▲ 14.2% |
| + Depreciation and write-downs630 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Operating cash flow (approximation) | -€8,403 | -€7,378 | €1,200 | -€463 | €665 | ▲ 244% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €0 | - |
| Change in cash | - | - | - | - | €148 | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.