ALTIOR SERVICES

Active

Private limited companyfounded 20206 yrs activeLeuvensesteenweg 246, 1932 Zaventem, BelgiumKBO/BCE: BE 0741.601.127

The computed 12-month bankruptcy probability of ALTIOR SERVICES is 2.7% (moderate). The 2024 annual accounts show equity of €122k and a net result of €-21k. Equity is growing by ~43.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 5896 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

37 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▼-78

Solvency62▲+3

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days only on tighter terms

Liquidity short (current ratio 0.83 against 0.99 in 2023; short-term debt: 47.3% and cash: 3.2% of total assets), and 62.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

37.3%

Return on assets

-6.4%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

36 d late

2023

128 d late

2022

81 d late

2021

83 d late

2020

1 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€122k▼ 14.7%

2023 · €144k

2020: €2k 2021: €32k 2022: €77k 2023: €144k

2020 → 2024

Total assets

€329k▼ 21.3%

2023 · €417k

2020: €89k 2021: €116k 2022: €455k 2023: €417k

2020 → 2024

Net result

€-21k

2023 · €66k

2020: €-296 2021: €30k 2022: €157k 2023: €66k

2020 → 2024

Working capital

€-26k▼ 751%

2023 · €-3k

2020: €-9k 2021: €25k 2022: €119k 2023: €-3k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€2k-€32k▲ 1,342%€77k▲ 144%€144k▲ 85.4%€122k▼ 14.7%

Operating result€-274-€30k€170k▲ 475%€84k▼ 50.4%€-20k

Net result€-296-€30k€157k▲ 430%€66k▼ 57.8%€-21k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €20k after €84k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €329k

60.7%

39.3%

Fixed assets €199k▲ 35.9%

Current assets €129k▼ 52.3%

Equity and liabilities €329k

37.3%

62.7%

Equity €122k▼ 14.7%

Debt €206k▼ 24.8%

The debt ratio falls from 65.6% to 62.7%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-7k▼

2023 · €87k

Cash flow

€-8k▼

2023 · €68k

Solvency

37.3%▲

2023 · 34.4%

Current ratio

0.83▼

2023 · 0.99

Quick ratio

0.83▼

2023 · 0.99

Debt / equity

1.68▼

2023 · 1.91

ROE

-17.2%▼

2023 · 46.1%

ROA

-6.4%▼

2023 · 15.8%

Interest coverage

-6.54▼

2023 · 259.91

Debt

€206k▼

2023 · €274k

Debt ≤ 1 year

€155k▼

2023 · €274k

Debt > 1 year

€51k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€417k€329k▼

Fixed assets21/28€147k€199k▲

Tangible fixed assets22/27€145k€198k▲

Land and buildings22€141k€141k=

Plant, machinery and equipment23€4k€4k▲

Furniture and vehicles24-€52k

Financial fixed assets28€1k€1k▲

Current assets29/58€271k€129k▼

Amounts receivable within one year40/41€170k€119k▼

Trade receivables40€160k€102k▼

Other amounts receivable41€10k€17k▲

Cash at bank and in hand54/58€101k€11k▼

Equity and liabilities

Total equity and liabilities10/49€417k€329k▼

Equity10/15€144k€122k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€141k€120k▼

Amounts payable17/49€274k€206k▼

Amounts payable after more than one year17-€51k

Financial debts170/4-€51k

Amounts payable within one year42/48€274k€155k▼

Trade debts44€98k-

Suppliers440/4€98k-

Advances received on contracts in progress46€820-

Taxes, remuneration and social security45€70k€85k▲

Taxes450/3€29k€45k▲

Remuneration and social security454/9€41k€41k▼

Other amounts payable47/48€105k€70k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€14k▲

Other operating charges640/8€766€1k▲

Gross operating margin9900€88k€-5k▼

Operating profit (loss)9901€84k€-20k▼

Financial charges65/66B€334€995▲

Recurring financial charges65€334€995▲

Profit (loss) for the period before taxes9903€84k€-21k▼

Income taxes67/77€18k-

Profit (loss) for the period9904€66k€-21k▼

Profit (loss) for the period to be appropriated9905€66k€-21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€141k€120k▼

Profit (loss) brought forward from the previous period14P€75k€141k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

05-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 36 days late

2024

31-12

Financial Weakest financial yearnet €-21k ▼132%

Net result drops to €-21k, the lowest in the series.

06-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 128 days late

2023

31-12

Financial Equity above €100kEq €144k ▲85.4%

3 profitable years in a row build equity to €144k.

20-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 81 days late

2022

31-12

Financial Highest result since 2020net €157k ▲430%

Operating result €170k, net result €157k, both a record.

22-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 83 days late

2021

31-12

Financial Back to profitnet €30k

Net result €30k after one loss-making year.

30-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Zaventem · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Leuvensesteenweg 2461932 Zaventem

Ground area

1.0 ha

Building footprint

4,730 m²

Volume, LiDAR

75,252 m³

2 parcels, Brussels, Flanders · tallest building 28.4 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

Industrielaan 9, 1070 Anderlecht

Manufacture of machinery and equipment not elsewhere classified

since 20202.298.475.970

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21306C0289/00B004	Brussels	9,782 m²	1 · 4,538 m²	28.4 m · 7 fl.
23078A0472/00L000	Flanders	461 m²	1 · 192 m²	10.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

8 categories

ALTIOR SERVICES BV43148

category C7, class 1 · category D1, class 1 · category D21, class 1 · category D4, class 1 · category F, class 1 · category F1, class 1 · category F2, class 1 · category G1, class 1

decision 03-10-2023