ALTIOR
ActiveSummary
ALTIOR has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300,627 and a net result of €4,093. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 21% of 10,739 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 5.7 FTE
- Equity
- €300,627
- Profit
- €4,093
- Parent
- ALTIHOLD · 64.33%
- Board
- 4 members
Why 85raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 3.30, cash €376,577Sector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 05-03-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 22% on solvency, 57% on liquidity, 32% on profitability and 44% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 53 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Appointments: Altior Group (class A director)…Permanent representatives: Conny Vandendriessche and…
- Resignations: RB SERVICES NV, Christoph Leenknecht…Permanent representatives: Robert Bloemen, Conny…
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 53% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 3,984 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €435,602 | €509,866 | €543,668 | €586,893 | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,944 | €76,239 | €97,227 | €98,274 | €97,572 | €86,198 | €85,308 | ▼ 1.0% |
| Other operating charges640/8 | - | - | - | €111 | €112 | €12,060 | €402 | ▼ 96.7% |
| Gross operating margin9900 | €572,209 | €511,581 | €542,991 | €562,526 | €637,423 | €677,593 | €689,444 | ▲ 1.7% |
| Operating profit (loss)9901 | €45,241 | €34,765 | €35,603 | €28,539 | €29,874 | €35,668 | €16,840 | ▼ 52.8% |
| Financial income75/76B | - | - | - | - | €3,590 | €562 | €15,905 | ▲ 28× |
| Recurring financial income75 | €84 | €1,300 | - | - | €3,590 | €562 | €15,905 | ▲ 28× |
| Financial charges65/66B | - | - | - | €17,621 | €16,626 | €16,029 | €15,733 | ▼ 1.8% |
| Recurring financial charges65 | €24,263 | €16,857 | €18,913 | €17,621 | €16,626 | €16,029 | €15,733 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €21,062 | €19,207 | €16,690 | €10,918 | €16,837 | €20,201 | €17,013 | ▼ 15.8% |
| Income taxes67/77 | €9,254 | €1,028 | €4,189 | €9,873 | €14,023 | €18,684 | €12,920 | ▼ 30.8% |
| Profit (loss) for the period9904 | €11,808 | €18,179 | €12,501 | €1,045 | €2,814 | €1,518 | €4,093 | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | €11,808 | €18,179 | €12,501 | €1,045 | €2,814 | €1,518 | €4,093 | ▲ 170% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €2.0m | €2.3m | €2.5m | €2.0m | €2.0m | €1.7m | ▼ 12.1% |
| Fixed assets21/28 | €0.3m | €0.6m | €0.5m | €0.3m | €0.2m | €0.1m | €0.08m | ▼ 42.6% |
| Tangible fixed assets22/27 | €0.3m | €0.5m | €0.4m | €0.3m | €0.2m | €0.1m | €0.08m | ▼ 42.6% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.1m | €0.08m | €0.04m | ▼ 54.2% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.06m | €0.04m | ▼ 27.1% |
| Financial fixed assets28 | €0.03m | €0.06m | €0.06m | - | - | €0 | - | - |
| Current assets29/58 | €1.8m | €1.4m | €1.9m | €2.1m | €1.8m | €1.8m | €1.7m | ▼ 9.8% |
| Amounts receivable within one year40/41 | €0.7m | €0.4m | €0.5m | €0.7m | €0.8m | €0.7m | €0.7m | ▲ 5.0% |
| Trade receivables40 | - | - | - | €0.7m | €0.8m | €0.6m | €0.6m | ▲ 4.6% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.06m | €0.06m | €0.07m | ▲ 8.6% |
| Current investments50/53 | €0.8m | €0.8m | €0.5m | - | - | €1.0m | €0.6m | ▼ 40.0% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.8m | €1.4m | €1.0m | €0.2m | €0.4m | ▲ 100.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.3m | €2.5m | €2.0m | €2.0m | €1.7m | ▼ 12.1% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.4% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Contributions outside capital11 | - | - | - | €0.2m | €0.2m | - | - | - |
| Other1109/19 | - | - | - | €0.2m | €0.2m | - | - | - |
| Reserves13 | €0.003m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | €0.06m | €0.08m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 4.2% |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.06m | €0.07m | €0.08m | €0.08m | €0.1m | ▲ 17.4% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.07m | €0.08m | €0.08m | €0.1m | ▲ 17.4% |
| Pensions and similar obligations160 | - | - | - | €0.07m | €0.08m | €0.08m | €0.1m | ▲ 17.4% |
| Amounts payable17/49 | €1.8m | €1.7m | €2.0m | €2.1m | €1.7m | €1.6m | €1.3m | ▼ 16.1% |
| Amounts payable after more than one year17 | €0.4m | €0.6m | €0.1m | €0.3m | €0.2m | €0.05m | - | - |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.05m | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €1.0m | €0.7m | €0.7m | €0.6m | €0.5m | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 43.9% |
| Trade debts44 | €0.1m | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 54.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 54.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 109% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 109% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1.1m | €0.8m | €0.9m | €0.8m | ▼ 10.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,808 | €18,179 | €12,501 | €1,045 | €2,814 | €1,518 | €4,093 | ▲ 170% |
| + Depreciation and write-downs630 | €61,944 | €76,239 | €97,227 | €98,274 | €97,572 | €86,198 | €85,308 | ▼ 1.0% |
| Operating cash flow (approximation) | €73,752 | €94,418 | €109,728 | €99,319 | €100,386 | €87,715 | €89,401 | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | -€284,542 | -€10,414 | €53,538 | -€8,312 | -€2,275 | -€26,202 | ▼ 1,052% |
| Change in cash | - | €97,700 | €528,922 | €595,333 | -€426,544 | -€816,676 | €188,256 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 04-03-2026 | 2026-00048870 |
| 30-09-2024 | abbreviated format | 04-03-2025 | 2025-00042915 |
| 30-09-2023 | abbreviated format | 14-03-2024 | 2024-00043172 |
| 30-09-2022 | abbreviated format | 22-03-2023 | 2023-00043134 |
| 30-09-2021 | abbreviated format | 11-03-2022 | 2022-07400412 |
| 30-09-2020 | abbreviated format | 08-03-2021 | 2021-07000249 |
| 30-09-2019 | abbreviated format | 21-02-2020 | 2020-05300452 |
| 30-09-2018 | abbreviated format | 20-03-2019 | 2019-07300300 |
| 30-09-2017 | abbreviated format | 13-03-2018 | 2018-06500570 |
| 30-09-2016 | abbreviated format | 23-03-2017 | 2017-06900087 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Christophe Leenknecht |
|
| RB Services |
|
| Altior Group |
|
| KVH Consult |
|
| Christoph Leenknecht |
|
| Paul Thiers |
|
Owners and capital
Owners
4 ownersChain of control
- ALTIHOLD
- ALTIOR
Highest known parent: ALTIHOLD. The sources do not say who stands above it.
Owners 4
- ALTIHOLDparent64.33%
-
32.67%
-
1%
-
1%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 25-04-2024 Converted to unavailable equity
Group and network
Connections & network
4 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
08-10
Gazette deed
Appointments: Altior Group (class A director) and KVH Consult (class B director)Permanent representatives: Conny Vandendriessche and Karolien Van Holder · Registered-office move · Amendment of the articles10 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Registered-office move, 8790 Waregem,Vredestraat 51 bus 11
- Director appointment, Altior Group (class A director)
- Permanent representative, Conny Vandendriessche
- Director appointment, KVH Consult (class B director)
- Permanent representative, Karolien Van Holder
- Amendment of the articles
- Amendment of the articles, 3
- Power of attorney
- Other provision, “notaris, coördinatie statuten” (deed in Dutch)
20-07
Gazette deed
Resignations: RB SERVICES NV, Christoph Leenknecht and Paul ThiersPermanent representatives: Robert Bloemen, Conny Vandendriessche and Karolien Van Holder · Appointments: ALTIOR GROUP BV (director) and KVH CONSULT BV (director) · Director discharge18 facts ▸
- Other provision, 09-07-2026
- General meeting, 09-07-2026
- Director resignation, RB SERVICES NV ((gedelegeerd)bestuurder)
- Director resignation, Christoph Leenknecht ((gedelegeerd)bestuurder)
- Director resignation, Paul Thiers ((gedelegeerd)bestuurder)
- Permanent representative, Robert Bloemen
- Director discharge, RB SERVICES NV
- Director discharge, Christoph Leenknecht
- Director discharge, Paul Thiers
- Director discharge, Robert Bloemen
- Director appointment, ALTIOR GROUP BV (director)
- Permanent representative, Conny Vandendriessche
- +6 further facts in this act
25-04
Gazette deed
Resignations: Christophe Leenknecht, Paul Thiers and RB ServicesAppointments: Paul Thiers, Christophe Leenknecht and RB Services · Permanent representative: Robert Bloemen · Legal-form conversion14 facts ▸
- General meeting, “buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Other provision, “besloten vennootschap” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Kind of shares, “afschaffing onderscheid categorieën, alle aandelen op gelijke voet” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, Christophe Leenknecht (director)
- Director resignation, Paul Thiers (director)
- Director resignation, RB Services (director)
- Director appointment, Paul Thiers (director)
- Director appointment, Christophe Leenknecht (director)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23015B0090/00L000 | Flanders | 3.4 ha | 1 · 338 m² | 6.1 m · 1 |
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 894 m² | 7.1 m |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 25-04-2024
- Name clauseThe name the company operates under according to its articles.
- ALTIORdeed of 25-04-2024
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, vestigingseenheden,administratieve zetels,exploitatiezetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België…” (deed in Dutch)deed of 08-10-2026
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, onverminderd andersluidende aandeelhoudersovereenkomsten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “10, behoudens andersluidende bepalingen in aandeelhoudersovereenkomst(en)” (deed in Dutch)deed of 08-10-2026
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur, voorkeurrecht eigenaar-pandgever” (deed in Dutch)deed of 25-04-2024
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of May at 10:00; the first on 14-05-2027
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding, algemene vergadering” (deed in Dutch)deed of 25-04-2024
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “25, mogelijkheid ontbinding en vereffening af te sluiten in één akte indien voorwaarden voldaan” (deed in Dutch)deed of 08-10-2026