Altra Corte
ActiveThe computed 12-month bankruptcy probability of Altra Corte is 11.0% (high). The 2024 annual accounts show negative equity (€-23k) and a net result of €-20k. Equity is shrinking by ~72.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 18942 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
8
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-81
Solvency0▼-20
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
11.0%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.94 in 2023; short-term debt: 142.2% and cash: 5.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
-42.2%
Return on assets
-36.2%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
50 d late
2022
30 d late
2021
20 d early
2020
76 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k
2023 · €11k
2019: €-8k
2020: €-6k
2021: €10k
2022: €-17k
2023: €11k
2019 → 2024
Working capital
€-24k▼ 549%
2023 · €-4k
2019: €-2k
2020: €-8k
2021: €2k
2022: €-14k
2023: €-4k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-7k-€2k€-14k€-3k▲ 76.5%€-23k▼ 595%
Operating result€-6k-€10k€-16k€11k€-20k
Net result€-6k-€10k€-17k€11k€-20k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€280=
Current assets
€55k▼ 12.0%
Key figures and ratios
Solvency
-42.2%▼
2023 · -5.4%
Current ratio
0.70▼
2023 · 0.94
Quick ratio
0.70▼
2023 · 0.94
Debt / equity
-3.37▲
2023 · -19.69
ROA
-36.2%▼
2023 · 17.4%
Debt
€78k▲
2023 · €66k
Debt ≤ 1 year
€78k▲
2023 · €66k
Staff costs
€65k▲
2023 · €52k
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€62k€55k▼
Fixed assets21/28€280€280=
Financial fixed assets28€280€280=
Current assets29/58€62k€55k▼
Amounts receivable within one year40/41€48k€52k▲
Trade receivables40€47k€47k▼
Other amounts receivable41€782€5k▲
Cash at bank and in hand54/58€14k€3k▼
Equity and liabilities
Total equity and liabilities10/49€62k€55k▼
Equity10/15€-3k€-23k▼
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Profit (loss) carried forward14€-10k€-29k▼
Amounts payable17/49€66k€78k▲
Amounts payable within one year42/48€66k€78k▲
Current portion of amounts payable after more than one year42-€1k
Trade debts44€10k-
Suppliers440/4€10k-
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€56k€76k▲
Income statement
Code20232024
Remuneration, social security and pensions62€52k€65k▲
Other operating charges640/8€791€988▲
Non-recurring operating charges66A€150-
Gross operating margin9900€64k€47k▼
Operating profit (loss)9901€11k€-20k▼
Financial charges65/66B€598€325▼
Recurring financial charges65€598€325▼
Profit (loss) for the period before taxes9903€11k€-20k▼
Profit (loss) for the period9904€11k€-20k▼
Profit (loss) for the period to be appropriated9905€11k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-29k▼
Profit (loss) brought forward from the previous period14P€-20k€-10k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼283%
Net result drops to €-20k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.16
Current ratio from 0.35 to 1.16.
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2018
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.
Grétrystraat 40-421000 BrusselGround area
124 m²
Building footprint
108 m²
Volume, LiDAR
1,887 m³
Parcel 21802B1415/00E000, Brussels · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Altra Corte
since 20182.281.656.764
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1415/00E000 | Brussels | 124 m² | 1 · 108 m² | 22.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.281.656.764
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 3,487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2018
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.