ALTITUDE
ActiveSummary
The computed 12-month bankruptcy probability of ALTITUDE is 2.2% (moderate). The 2025 annual accounts show equity of €13,417 and a net result of €17,221. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+83
Solvency47▲+27
Growth34▲+10
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.82 in 2024; short-term debt: 77.5% and cash: 34.2% of total assets), and 77.6% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
22.4%
Return on assets
28.8%
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 24% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 24%
← 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 28-08-2026, 28 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
28 d late
2024
61 d late
2023
31 d late
2022
60 d late
2021
82 d late
2020
1 d early
← 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 44 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€295,094▲ 43.5%
2024 · €205,702
EBIT margin
6.3%▲ 33.1pp
2024 · -26.8%
Net result
€17,221
2024 · -€55,731
Working capital
€4,985
2024 · -€13,830
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover€283,884▼ 0.4%€236,070▼ 16.8%€253,303▲ 7.3%€205,702▼ 18.8%€295,094▲ 43.5%
Operating result€23,788▲ 10.4%€4,634▼ 80.5%€4,085▼ 11.8%-€55,207€18,477
Net result€17,909within the sector's middle half▼ 0.7%€2,986within the sector's middle half▼ 83.3%€1,993within the sector's middle half▼ 33.3%-€55,731below the sector's middle half€17,221within the sector's middle half
EBIT margin8.4%▲ 0.8pp2.0%▼ 6.4pp1.6%▼ 0.4pp-26.8%▼ 28.5pp6.3%▲ 33.1pp
Equity€46,947within the sector's middle half▲ 61.7%€49,933within the sector's middle half▲ 6.4%€51,926within the sector's middle half▲ 4.0%-€3,805below the sector's middle half€13,417below the sector's middle half
Total assets€95,950within the sector's middle half▲ 0.2%€84,607within the sector's middle half▼ 11.8%€75,919within the sector's middle half▼ 10.3%€73,105within the sector's middle half▼ 3.7%€59,823below the sector's middle half▼ 18.2%
Debt€49,004▼ 26.6%€34,674▼ 29.2%€23,993▼ 30.8%€76,910▲ 221%€46,407▼ 39.7%
Working capital€23,419▲ 663%€29,369▲ 25.4%€37,362▲ 27.2%-€13,830€4,985
Solvency48.9%within the sector's middle half▲ 18.6pp59.0%within the sector's middle half▲ 10.1pp68.4%above the sector's middle half▲ 9.4pp-5.2%below the sector's middle half▼ 73.6pp22.4%below the sector's middle half▲ 27.6pp
Staff (FTE)0.9▼ 25.0%1▲ 11.1%1=1.3▲ 30.0%1.4▲ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 returns to profit in 2025: €18,477 after a loss of €55,207 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,823
Fixed assets
€8,485 ▼ 17.0%
Current assets
€51,339 ▼ 18.4%
Equity and liabilities €59,823
Equity
€13,417
Debt
€46,407
Debt finances 77.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€21,548▲
2024 · -€47,145
Cash flow
€20,292▲
2024 · -€47,669
Current ratio
1.11▲
2024 · 0.82
Debt to equity
3.46▲
2024 · -20.21
ROE
128.4%
ROA
28.8%▲
2024 · -76.2%
Interest coverage
16.70▲
2024 · -90.03
Debt ≤ 1 year
€46,354▼
2024 · €76,716
Staff costs
€111,423▲
2024 · €84,632
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,058 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% | 1.6% |
| 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 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 6,703 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €283,884 | €236,070 | €253,303 | €205,702 | €295,094 | ▲ 43.5% |
| Goods, raw materials, services and sundry goods60/61 | €221,672 | €181,511 | €198,060 | €183,020 | €177,948 | ▼ 2.8% |
| Remuneration, social security and pensions62 | €38,880 | €54,876 | €60,385 | €84,632 | €111,423 | ▲ 31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,765 | €12,100 | €7,607 | €8,062 | €3,071 | ▼ 61.9% |
| Other operating charges640/8 | €331 | €490 | €497 | €1,727 | €4,426 | ▲ 156% |
| Gross operating margin9900 | €75,765 | €72,100 | €72,574 | €39,214 | €137,397 | ▲ 250% |
| Operating profit (loss)9901 | €23,788 | €4,634 | €4,085 | -€55,207 | €18,477 | ▲ 133% |
| Financial income75/76B | €0 | €16 | €0 | €0 | €35 | ▲ 49,871% |
| Recurring financial income75 | €0 | €16 | €0 | €0 | €35 | ▲ 49,871% |
| Financial charges65/66B | €1,215 | €677 | €920 | €524 | €1,290 | ▲ 146% |
| Recurring financial charges65 | €1,215 | €677 | €920 | €524 | €1,290 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €22,573 | €3,973 | €3,165 | -€55,731 | €17,221 | ▲ 131% |
| Income taxes67/77 | €4,664 | €987 | €1,171 | €0 | - | - |
| Profit (loss) for the period9904 | €17,909 | €2,986 | €1,993 | -€55,731 | €17,221 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €17,909 | €2,986 | €1,993 | -€55,731 | €17,221 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,950 | €84,607 | €75,919 | €73,105 | €59,823 | ▼ 18.2% |
| Fixed assets21/28 | €30,351 | €21,094 | €14,564 | €10,220 | €8,485 | ▼ 17.0% |
| Tangible fixed assets22/27 | €29,246 | €20,394 | €13,864 | €9,520 | €7,785 | ▼ 18.2% |
| Plant, machinery and equipment23 | €8,892 | €9,194 | €7,324 | €8,665 | €7,229 | ▼ 16.6% |
| Furniture and vehicles24 | €20,355 | €11,200 | €6,541 | €855 | €556 | ▼ 35.0% |
| Financial fixed assets28 | €1,104 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €65,599 | €63,513 | €61,355 | €62,886 | €51,339 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €54,659 | €38,005 | €28,261 | €51,675 | €30,327 | ▼ 41.3% |
| Trade receivables40 | €51,866 | €34,036 | €25,296 | €49,675 | €26,185 | ▼ 47.3% |
| Other amounts receivable41 | €2,793 | €3,969 | €2,965 | €2,000 | €4,143 | ▲ 107% |
| Cash at bank and in hand54/58 | €9,621 | €24,805 | €32,808 | €11,210 | €20,460 | ▲ 82.5% |
| Deferred charges and accrued income490/1 | €1,320 | €703 | €286 | €0 | €552 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,950 | €84,607 | €75,919 | €73,105 | €59,823 | ▼ 18.2% |
| Equity10/15 | €46,947 | €49,933 | €51,926 | -€3,805 | €13,417 | ▲ 453% |
| Contributions10/11 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Profit (loss) carried forward14 | €35,947 | €38,933 | €40,926 | -€14,805 | €2,417 | ▲ 116% |
| Amounts payable17/49 | €49,004 | €34,674 | €23,993 | €76,910 | €46,407 | ▼ 39.7% |
| Amounts payable after more than one year17 | €6,823 | €530 | €0 | - | - | - |
| Financial debts170/4 | €6,823 | €530 | €0 | - | - | - |
| Amounts payable within one year42/48 | €42,181 | €34,144 | €23,993 | €76,716 | €46,354 | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | €6,169 | €6,293 | €530 | €0 | - | - |
| Trade debts44 | €26,371 | €23,724 | €6,127 | €41,265 | €18,316 | ▼ 55.6% |
| Suppliers440/4 | €26,371 | €23,724 | €6,127 | €41,265 | €18,316 | ▼ 55.6% |
| Taxes, remuneration and social security45 | €8,692 | €4,127 | €12,260 | €25,561 | €22,461 | ▼ 12.1% |
| Taxes450/3 | €2,720 | €987 | €3,887 | €2,870 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €5,973 | €3,140 | €8,374 | €22,691 | €22,461 | ▼ 1.0% |
| Other amounts payable47/48 | €948 | €0 | €5,075 | €9,890 | €5,577 | ▼ 43.6% |
| Accrued charges and deferred income492/3 | - | - | €0 | €194 | €53 | ▼ 72.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,909 | €2,986 | €1,993 | -€55,731 | €17,221 | ▲ 131% |
| + Depreciation and write-downs630 | €12,765 | €12,100 | €7,607 | €8,062 | €3,071 | ▼ 61.9% |
| Operating cash flow (approximation) | €30,674 | €15,086 | €9,601 | -€47,669 | €20,292 | ▲ 143% |
| Investment in fixed assets (approximation) | - | -€2,843 | -€1,078 | -€3,717 | -€1,336 | ▲ 64.1% |
| Change in cash | - | €15,184 | €8,003 | -€21,597 | €9,249 | ▲ 143% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €17,221
Net result €17,221 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€55,731
Net result drops to -€55,731, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
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.
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, Floreffe · 1 establishment unit since 2019
Ground area
1,451 m²
Parcel 92118B0168/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ALTITUDE
since 20192.297.767.177
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92118B0168/00H000 | Wallonia | 1,451 m² | - | - |
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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,603 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
Founded11-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Contact
Website
www.altitudework.be
E-mail
info@altitudework.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735988884
Also
9925:BE0735988884
Registered
15-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.