ALTITUDE
ActiveSummary
ALTITUDE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,549 and a net result of €25,878. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+2
Solvency60▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 0.57 in 2024; short-term debt: 21% and cash: 18.9% of total assets), and 65.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
1 d early
2022
3 d late
2021
2 d late
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€133,549▲ 24.0%
2024 · €107,671
Total assets
€386,531▲ 8.0%
2024 · €357,795
Net result
€25,878▲ 47.1%
2024 · €17,597
Working capital
€20,172
2024 · -€35,808
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€16,835▲ 0.5%€26,845▲ 59.5%€17,003▼ 36.7%€32,786▲ 92.8%€45,795▲ 39.7%
Net result€4,224within the sector's middle half▼ 33.2%€11,131within the sector's middle half▲ 164%€5,029within the sector's middle half▼ 54.8%€17,597within the sector's middle half▲ 250%€25,878within the sector's middle half▲ 47.1%
Equity€103,068within the sector's middle half▲ 4.3%€114,198within the sector's middle half▲ 10.8%€119,227within the sector's middle half▲ 4.4%€107,671within the sector's middle half▼ 9.7%€133,549within the sector's middle half▲ 24.0%
Total assets€432,825within the sector's middle half▼ 6.5%€406,822within the sector's middle half▼ 6.0%€363,137within the sector's middle half▼ 10.7%€357,795within the sector's middle half▼ 1.5%€386,531within the sector's middle half▲ 8.0%
Debt€329,757▼ 9.5%€292,623▼ 11.3%€243,909▼ 16.6%€250,124▲ 2.5%€252,982▲ 1.1%
Working capital-€35,307below the sector's middle half▲ 24.2%-€30,521below the sector's middle half▲ 13.6%-€23,758below the sector's middle half▲ 22.2%-€35,808below the sector's middle half▼ 50.7%€20,172within the sector's middle half
Solvency23.8%below the sector's middle half▲ 2.5pp28.1%within the sector's middle half▲ 4.3pp32.8%within the sector's middle half▲ 4.8pp30.1%within the sector's middle half▼ 2.7pp34.6%within the sector's middle half▲ 4.5pp
Current ratio0.38below the sector's middle half▲ 0.040.47below the sector's middle half▲ 0.090.49below the sector's middle half▲ 0.010.57below the sector's middle half▲ 0.091.25within the sector's middle half▲ 0.68
Return on assets (ROA)1.0%below the sector's middle half▼ 0.4pp2.7%within the sector's middle half▲ 1.8pp1.4%below the sector's middle half▼ 1.4pp4.9%within the sector's middle half▲ 3.5pp6.7%within the sector's middle half▲ 1.8pp
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €386,531
Fixed assets
€285,048 ▼ 8.0%
Current assets
€101,483 ▲ 111%
Equity and liabilities €386,531
Equity
€133,549 ▲ 24.0%
Debt
€252,982 ▲ 1.1%
Debt's share of the balance-sheet total falls from 69.9% to 65.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,535▲
2024 · €63,774
Cash flow
€55,618▲
2024 · €48,585
Debt to equity
1.89▼
2024 · 2.32
ROE
19.4%▲
2024 · 16.3%
Interest coverage
12.92▲
2024 · 9.09
Debt ≤ 1 year
€81,311▼
2024 · €83,842
Debt > 1 year
€170,641▲
2024 · €166,282
Income taxes
€14,075▲
2024 · €8,504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,349 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 | €37,222 | €38,843 | €38,651 | €30,988 | €29,740 | ▼ 4.0% |
| Other operating charges640/8 | - | €2,629 | €2,967 | €2,341 | €8,633 | ▲ 269% |
| Gross operating margin9900 | €56,858 | €68,317 | €58,621 | €66,115 | €84,168 | ▲ 27.3% |
| Operating profit (loss)9901 | €16,835 | €26,845 | €17,003 | €32,786 | €45,795 | ▲ 39.7% |
| Financial income75/76B | - | €3 | €6 | €329 | €5 | ▼ 98.6% |
| Recurring financial income75 | €1 | €3 | €6 | €329 | €5 | ▼ 98.6% |
| Financial charges65/66B | - | €9,131 | €7,779 | €7,014 | €5,847 | ▼ 16.6% |
| Recurring financial charges65 | €7,858 | €9,131 | €7,779 | €7,014 | €5,847 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €8,978 | €17,716 | €9,230 | €26,101 | €39,953 | ▲ 53.1% |
| Income taxes67/77 | €4,754 | €6,585 | €4,201 | €8,504 | €14,075 | ▲ 65.5% |
| Profit (loss) for the period9904 | €4,224 | €11,131 | €5,029 | €17,597 | €25,878 | ▲ 47.1% |
| Profit (loss) for the period to be appropriated9905 | €4,224 | €11,131 | €5,029 | €17,597 | €25,878 | ▲ 47.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €432,825 | €406,822 | €363,137 | €357,795 | €386,531 | ▲ 8.0% |
| Fixed assets21/28 | €411,099 | €379,401 | €340,750 | €309,761 | €285,048 | ▼ 8.0% |
| Tangible fixed assets22/27 | €411,099 | €379,401 | €340,750 | €309,761 | €285,048 | ▼ 8.0% |
| Land and buildings22 | - | €300,855 | €289,296 | €277,736 | €270,952 | ▼ 2.4% |
| Furniture and vehicles24 | - | €14,046 | €4,954 | €3,525 | €2,096 | ▼ 40.5% |
| Other tangible fixed assets26 | - | €64,500 | €46,500 | €28,500 | €12,000 | ▼ 57.9% |
| Current assets29/58 | €21,726 | €27,420 | €22,387 | €48,034 | €101,483 | ▲ 111% |
| Amounts receivable after more than one year29 | - | - | - | €21,470 | €8,206 | ▼ 61.8% |
| Trade receivables290 | - | - | - | €21,470 | €8,206 | ▼ 61.8% |
| Amounts receivable within one year40/41 | €1,622 | €24,476 | €3,290 | €25,939 | €18,162 | ▼ 30.0% |
| Trade receivables40 | - | €24,459 | €2,491 | €25,910 | €18,134 | ▼ 30.0% |
| Other amounts receivable41 | - | €16 | €799 | €29 | €27 | ▼ 4.9% |
| Cash at bank and in hand54/58 | €19,639 | €1,107 | €18,560 | €381 | €73,230 | ▲ 19,142% |
| Deferred charges and accrued income490/1 | - | €1,838 | €536 | €244 | €1,886 | ▲ 672% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €432,825 | €406,822 | €363,137 | €357,795 | €386,531 | ▲ 8.0% |
| Equity10/15 | €103,068 | €114,198 | €119,227 | €107,671 | €133,549 | ▲ 24.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €35,237 | €46,367 | €51,396 | €39,840 | €65,718 | ▲ 65.0% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €44,507 | €51,396 | €39,840 | €65,718 | ▲ 65.0% |
| Profit (loss) carried forward14 | €61,631 | €61,631 | €61,631 | €61,631 | €61,631 | = |
| Amounts payable17/49 | €329,757 | €292,623 | €243,909 | €250,124 | €252,982 | ▲ 1.1% |
| Amounts payable after more than one year17 | €272,725 | €234,681 | €197,765 | €166,282 | €170,641 | ▲ 2.6% |
| Financial debts170/4 | - | €234,681 | €197,765 | €166,282 | €170,641 | ▲ 2.6% |
| Amounts payable within one year42/48 | €57,032 | €57,942 | €46,145 | €83,842 | €81,311 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €38,044 | €36,917 | €31,483 | €28,800 | ▼ 8.5% |
| Financial debts43 | - | €908 | - | €1,979 | - | - |
| Credit institutions430/8 | - | €908 | - | €1,979 | - | - |
| Trade debts44 | €2,457 | €4,281 | €2,557 | €5,171 | €26,156 | ▲ 406% |
| Suppliers440/4 | - | €4,281 | €2,557 | €5,171 | €26,156 | ▲ 406% |
| Taxes, remuneration and social security45 | - | €12,033 | €6,415 | €16,057 | €26,355 | ▲ 64.1% |
| Taxes450/3 | - | €8,133 | €6,415 | €12,057 | €26,355 | ▲ 119% |
| Remuneration and social security454/9 | - | €3,900 | - | €4,000 | - | - |
| Other amounts payable47/48 | - | €2,676 | €256 | €29,153 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,030 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,224 | €11,131 | €5,029 | €17,597 | €25,878 | ▲ 47.1% |
| + Depreciation and write-downs630 | €37,222 | €38,843 | €38,651 | €30,988 | €29,740 | ▼ 4.0% |
| Operating cash flow (approximation) | €41,446 | €49,974 | €43,680 | €48,585 | €55,618 | ▲ 14.5% |
| Investment in fixed assets (approximation) | - | -€7,145 | €0 | €0 | -€5,027 | - |
| Change in cash | - | -€18,532 | €17,453 | -€18,179 | €72,849 | ▲ 501% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €25,878 ▲47.1%
Operating result €45,795, net result €25,878, both a record.
31-03
Financial
Liquidity doublescurrent ratio 1.25
Current ratio from 0.57 to 1.25; short-term debt falls from €83,842 to €81,311.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet €4,224 ▼33.2%
Net result drops to €4,224, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €100,000Eq €103,068 ▲4.3%
3 profitable years in a row build equity to €103,068.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2006
Ground area
131 m²
Building footprint
80 m²
Volume, LiDAR
572 m³
Parcel 31005A0052/00F000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTITUDE
since 20062.154.935.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31005A0052/00F000 | Flanders | 131 m² | 1 · 80 m² | 9.8 m · 2 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,902 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
Founded31-05-2006
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881614192
Registered
05-10-2025
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.