ALTRIUM

Active

Private limited companyfounded 20206 yrs activeRue Grignard(BIE) 110, 6533 Thuin, BelgiumKBO/BCE: BE 0750.799.596

ALTRIUM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €193k and a net result of €-12k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 19339 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

52 / 100

Fair▼ -48 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency100=

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity ample (current ratio 26.99 against 4.03 in 2023), and 2.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

97.3%

Return on assets

-6.1%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

31 d late

2022

31 d late

2021

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€193k▼ 5.9%

2023 · €205k

2021: €157k 2022: €39k 2023: €205k

2021 → 2024

Total assets

€198k▼ 21.0%

2023 · €251k

2021: €750k 2022: €690k 2023: €251k

2021 → 2024

Net result

€-12k

2023 · €166k

2021: €147k 2022: €-118k 2023: €166k

2021 → 2024

Working capital

€119k▼ 13.4%

2023 · €137k

2021: €91k 2022: €-320k 2023: €137k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€157k-€39k▼ 74.9%€205k▲ 422%€193k▼ 5.9%

Operating result€204k-€-116k€188k€-12k

Net result€147k-€-118k€166k€-12k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €12k after €188k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €198k

37.9%

62.1%

Fixed assets €75k▲ 9.2%

Current assets €123k▼ 32.4%

Equity and liabilities €198k

97.3%

Equity €193k▼ 5.9%

Debt €5k▼ 88.4%

The debt ratio falls from 18.3% to 2.7%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-8k▼

2023 · €191k

Cash flow

€-7k▼

2023 · €169k

Solvency

97.3%▲

2023 · 81.7%

Current ratio

26.99▲

2023 · 4.03

Quick ratio

26.99▲

2023 · 3.88

Debt / equity

0.03▼

2023 · 0.22

ROE

-6.2%▼

2023 · 80.8%

ROA

-6.1%▼

2023 · 66.0%

Interest coverage

-61.63▼

2023 · 31.93

Debt

€5k▼

2023 · €46k

Debt ≤ 1 year

€5k▼

2023 · €45k

Income taxes

€0▼

2023 · €16k

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

Total assets 20/58€251k€198k▼

Fixed assets 21/28€69k€75k▲

Formation expenses 20€0€0=

Tangible fixed assets 22/27€69k€75k▲

Current assets 29/58€182k€123k▼

Stocks & contracts in progress 3€7k-

Amounts receivable within one year 40/41€33€42k▲

Cash & bank 54/58€174k€80k▼

Total equity & liabilities 10/49€251k€198k▼

Equity 10/15€205k€193k▼

Contributions / capital 10/11€10k€10k=

Accumulated profits (losses) 14€195k€183k▼

Amounts payable 17/49€46k€5k▼

Amounts payable within one year 42/48€45k€5k▼

Trade debts payable within one year 44€4k€4k▲

Income statement Code20232024

Gross operating margin 9900€195k€-6k▼

Operating result 9901€188k€-12k▼

Financial income 75€1€536▲

Financial charges 65€6k€126▼

Result before taxes 9903€182k€-12k▼

Income taxes 67/77€16k€0▼

Net result for the period 9904€166k€-12k▼

Result to be appropriated 9905€166k€-12k▼

Timeline · acts, filings and financial milestones

All 11Financial 5Gazette 2Filings 4

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Liquidity times 7current ratio 26.99

Current ratio from 4.03 to 26.99; short-term debt falls from €45k to €5k.

18-09

State Gazette act Director changes

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €166k

Net result €166k after one loss-making year.

31-12

Financial Liquidity times 10current ratio 4.03

Current ratio from 0.39 to 4.03; short-term debt falls from €524k to €45k.

31-12

Financial Equity above €200kEq €205k ▲422%

Equity rises from €39k to €205k.

31-10

State Gazette act Registered-office change

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Weakest financial yearnet €-118k ▼180%

Net result drops to €-118k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 4 acts read

About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2024

Pierre NAVEZ

Director · since 22-07-2024

Current

22-07-2024 Appointed as Director

Not every act has been read: a resignation may be missing here

2 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Thuin · 1 establishment unit since 2020

exact location from the address register On OpenStreetMap

Ground area

1,659 m²

Building footprint

256 m²

Volume, LiDAR

1,071 m³

2 parcels, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

ALTRIUM