ALTIUS
ActiveSummary
ALTIUS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€104,829) and a net result of -€135,718. Equity is shrinking by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-5
Solvency23▼-3
Growth36▲+4
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.15 in 2024; short-term debt: 35.9% and cash: 12% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
-3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€104,829
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 10 filingsDeviation from the deadline
2025
54 d late
2024
2 d early
2023
5 d late
2022
135 d late
2021
57 d late
2020
340 d late
2019
24 d late
← 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 88 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
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Financials · fiscal year 2025, abbreviated schema
Turnover
€155,496▲ 3.0%
2024 · €151,034
EBIT margin
-29.3%▼ 41.5pp
2024 · 12.3%
Net result
-€135,718▼ 146%
2024 · -€55,080
Working capital
-€1.1m▲ 1.1%
2024 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€151,034€155,496▲ 3.0%
Operating result€372,751-€181,478-€461,633▼ 154%€18,502-€45,485
Net result€334,061above the sector's middle half-€219,351below the sector's middle half-€516,118below the sector's middle half▼ 135%-€55,080below the sector's middle half▲ 89.3%-€135,718below the sector's middle half▼ 146%
EBIT margin12.3%-29.3%▼ 41.5pp
Equity€821,438within the sector's middle half▲ 68.5%€602,088within the sector's middle half▼ 26.7%€85,970below the sector's middle half▼ 85.7%€30,890below the sector's middle half▼ 64.1%-€104,829below the sector's middle half
Total assets€4.9mabove the sector's middle half▼ 18.0%€4.8mabove the sector's middle half▼ 2.7%€4.4mabove the sector's middle half▼ 8.4%€4.3mabove the sector's middle half▼ 0.9%€4.6mabove the sector's middle half▲ 5.9%
Debt€4.1m▼ 25.7%€4.2m▲ 2.2%€4.3m▲ 2.8%€4.3m▲ 0.3%€4.7m▲ 9.1%
Working capital-€941,868▲ 82.3%-€1.1m▼ 12.1%-€1.1m▼ 2.4%-€1.1m▼ 0.5%-€1.1m▲ 1.1%
Solvency16.7%below the sector's middle half▲ 8.6pp12.6%below the sector's middle half▼ 4.1pp2.0%below the sector's middle half▼ 10.6pp0.7%below the sector's middle half▼ 1.2pp-2.3%below the sector's middle half▼ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €45,485 after €18,502 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.0m ▼ 3.0%
Current assets
€573,891 ▲ 198%
Key figures and ratios
EBITDA
€80,495▼
2024 · €144,483
Cash flow
-€9,738▼
2024 · €70,901
Current ratio
0.35▲
2024 · 0.15
Debt to equity
-44.86
ROA
-3.0%▼
2024 · -1.3%
Interest coverage
1.10▼
2024 · 1.89
Debt ≤ 1 year
€1.6m▲
2024 · €1.3m
Debt > 1 year
€3.0m▲
2024 · €3.0m
Income taxes
€20,228▲
2024 · €1,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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 1,242 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 | - | - | - | €151,034 | €155,496 | ▲ 3.0% |
| Non-recurring operating income76A | €544,377 | - | - | €45,154 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €36,726 | €56,525 | ▲ 53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,356 | €76,959 | €125,980 | €125,981 | €125,981 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €72,477 | -€72,477 | - | - | - | - |
| Other operating charges640/8 | €10,746 | €88,205 | €17,254 | €18,029 | €18,476 | ▲ 2.5% |
| Non-recurring operating charges66A | - | - | €323,705 | - | - | - |
| Gross operating margin9900 | €538,330 | -€88,791 | €5,306 | €162,512 | €98,971 | ▼ 39.1% |
| Operating profit (loss)9901 | €372,751 | -€181,478 | -€461,633 | €18,502 | -€45,485 | ▼ 346% |
| Financial income75/76B | €1,258 | €1,738 | €1,501 | €4,018 | €2,899 | ▼ 27.9% |
| Recurring financial income75 | €1,258 | €1,738 | €1,501 | €4,018 | €2,899 | ▼ 27.9% |
| Financial charges65/66B | €39,948 | €39,610 | €55,986 | €76,455 | €72,904 | ▼ 4.6% |
| Recurring financial charges65 | €39,948 | €39,610 | €55,986 | €76,455 | €72,904 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €334,061 | -€219,351 | -€516,118 | -€53,934 | -€115,490 | ▼ 114% |
| Income taxes67/77 | - | - | - | €1,146 | €20,228 | ▲ 1,665% |
| Profit (loss) for the period9904 | €334,061 | -€219,351 | -€516,118 | -€55,080 | -€135,718 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €334,061 | -€219,351 | -€516,118 | -€55,080 | -€135,718 | ▼ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €4.8m | €4.4m | €4.3m | €4.6m | ▲ 5.9% |
| Fixed assets21/28 | €4.8m | €4.7m | €4.3m | €4.1m | €4.0m | ▼ 3.0% |
| Tangible fixed assets22/27 | €4.8m | €4.7m | €4.3m | €4.1m | €4.0m | ▼ 3.0% |
| Land and buildings22 | €4.8m | €4.7m | €4.3m | €4.1m | €4.0m | ▼ 3.0% |
| Current assets29/58 | €112,924 | €58,945 | €107,904 | €192,626 | €573,891 | ▲ 198% |
| Amounts receivable within one year40/41 | €24,778 | €29,752 | €29,082 | €103,526 | €6,327 | ▼ 93.9% |
| Trade receivables40 | €2,056 | €2,056 | - | - | €2,858 | - |
| Other amounts receivable41 | €22,721 | €27,696 | €29,082 | €103,526 | €3,469 | ▼ 96.6% |
| Cash at bank and in hand54/58 | €54,381 | €24,539 | €73,789 | €81,630 | €553,322 | ▲ 578% |
| Deferred charges and accrued income490/1 | €33,765 | €4,654 | €5,032 | €7,470 | €14,242 | ▲ 90.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €4.8m | €4.4m | €4.3m | €4.6m | ▲ 5.9% |
| Equity10/15 | €821,438 | €602,088 | €85,970 | €30,890 | -€104,829 | ▼ 439% |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.7m | -€2.2m | -€2.3m | -€2.4m | ▼ 6.0% |
| Amounts payable17/49 | €4.1m | €4.2m | €4.3m | €4.3m | €4.7m | ▲ 9.1% |
| Amounts payable after more than one year17 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | ▲ 1.0% |
| Financial debts170/4 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | ▲ 1.0% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.2m | €1.3m | €1.6m | ▲ 28.9% |
| Financial debts43 | €750,000 | €700,000 | €650,000 | €600,000 | €550,000 | ▼ 8.3% |
| Credit institutions430/8 | €750,000 | €700,000 | €650,000 | €600,000 | €550,000 | ▼ 8.3% |
| Trade debts44 | - | €10,458 | €5,040 | €3,177 | €3,159 | ▼ 0.5% |
| Suppliers440/4 | - | €10,458 | €5,040 | €3,177 | €3,159 | ▼ 0.5% |
| Taxes, remuneration and social security45 | - | - | - | €1,261 | - | - |
| Taxes450/3 | - | - | - | €1,261 | - | - |
| Other amounts payable47/48 | €304,792 | €404,792 | €534,792 | €676,000 | €1.1m | ▲ 62.2% |
| Accrued charges and deferred income492/3 | €48,979 | €76,934 | €117,743 | €40,958 | €32,560 | ▼ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334,061 | -€219,351 | -€516,118 | -€55,080 | -€135,718 | ▼ 146% |
| + Depreciation and write-downs630 | €82,356 | €76,959 | €125,980 | €125,981 | €125,981 | = |
| Operating cash flow (approximation) | €416,417 | -€142,391 | -€390,138 | €70,901 | -€9,738 | ▼ 114% |
| Investment in fixed assets (approximation) | - | €0 | €323,705 | €0 | €0 | - |
| Change in cash | - | -€29,842 | €49,250 | €7,840 | €471,692 | ▲ 5,916% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 54 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Weakest financial yearnet -€516,118
Net result drops to -€516,118, the lowest in the series; recovery starts the following year.
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 135 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 57 days late
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 340 days late
2021
31-12
Financial
Back to profitnet €334,061
Net result €334,061 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €821,438 ▲68.5%
Equity rises from €487,377 to €821,438.
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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 6 acts read
About the unread acts
We know of 6 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
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, Schilde · 1 establishment unit since 1998
Ground area
1.0 ha
Building footprint
584 m²
Volume, LiDAR
5,176 m³
Parcel 11922C0426/00K000, Flanders · tallest building 16.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rodedreef 2, 2970 Schilde
since 19982.088.742.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0426/00K000 | Flanders | 1.0 ha | 1 · 584 m² | 16.2 m · 3 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 1,244 companies in sector 46643 we hold annual accounts for 955. 382 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
Founded24-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464205970
Also
9925:BE0464205970
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.