Debts
Of this, €185,985 falls due within a year.
Of this, €185,985 falls due within a year.
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 18% of them on solvency, 12% on liquidity and 13% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 280 companies had the same profile as ALTR Projects has now. Each dot is one company, two years later.
The bankruptcy probability of ALTR Projects itself is higher: 1.7% within 12 months. It rests on far more data about ALTR Projects than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 280 companies, not a prediction for ALTR Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The computed 12-month bankruptcy probability of ALTR Projects is 1.7% (moderate). The 2025 annual accounts show equity of €7,337 and a net result of -€12,663.
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
284,423 | |
20 |
3,054 | |
29/58 |
281,368 | |
3 |
275,119 | |
30/36 |
275,119 | |
54/58 |
5,375 | |
490/1 |
874 | |
| Balance sheet: equity and liabilities | ||
10/49 |
284,423 | |
10/15 |
7,337 | |
10/11 |
20,000 | |
14 |
-12,663 | |
17/49 |
277,085 | |
17 |
91,100 | |
170/4 |
91,100 | |
42/48 |
185,985 | |
42 |
173,500 | |
44 |
6,607 | |
440/4 |
6,607 | |
47/48 |
5,878 | |
| Income statement | ||
9900 |
-2,053 | |
62 |
254 | |
630 |
852 | |
640/8 |
907 | |
9901 |
-4,066 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
8,597 | |
65 |
8,597 | |
9903 |
-12,663 | |
9904 |
-12,663 | |
9905 |
-12,663 | |
| Appropriation of the result | ||
9906 |
-12,663 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00247343 |
| Line | Trend | 2025 |
|---|---|---|
| -3,214 | ||
| -11,811 | ||
| 95,383 | ||
| 2.6% | ||
| 1.51 | ||
| 0.03 | ||
| 37.76 | ||
| -172.6% | ||
| -4.5% | ||
| -0.37 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Mortgages, amount registered | €25,000 |
| €148,500 | |
| Carrying value of the mortgaged assets | €275,119 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Debt's share of the balance-sheet total is 97.4%.
ALTR Projects has no parent and no holdings in its annual accounts.
| AZUL INVEST
registered office since 23-07-2010 · founded in 2010 |
total assets €13.2m (2025) 0828.021.791 |
| DE PAPBOER
registered office since 31-03-2023 · founded in 2023 |
total assets €1.2m (2025) 0800.256.037 |
| TAS Development
registered office since 23-04-2020 · founded in 2020 |
total assets €1.2m (2025) 0746.481.514 |
| DIB
registered office since 29-03-2024 · founded in 2024 |
total assets €498,841 (2025) 1007.792.287 |
| INTERNATIONAL REAL ESTATE SOLUTIONS
registered office since 19-05-2014 · founded in 2014 |
total assets €113,230 (2026) 0552.876.442 |
| VERENIGING VAN MEDE-EIGENAARS VAN HET GEBOUW TE 2322 HOOGSTRATEN DESMEDTSTRAAT 26 RESIDENTIE DOMINUS
registered office since 23-11-2021 |
founded in 2021 0773.708.028 |
| LUZAZUL
registered office since 20-03-2020 |
founded in 2020 0745.837.849 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Desmedtstraat 26 registered office 2322 Hoogstraten 68110 Buying and selling of own real estate | 02-12-2024 | 2.368.061.691 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13024B0322/00W000 | 1,423 m² | 1 · 295 m² | 10.0 m · 1 |
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