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ALTRO

Active
Private limited companyfounded 201610 yrs activeGrand Route(PLX) 43, 4122 Neupré, BelgiumKBO/BCE: BE 0661.807.541
Summary

The computed 12-month bankruptcy probability of ALTRO is 2.7% (moderate). The 2025 annual accounts show equity of €238,087 and a net result of -€26,108. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 60% of 13560 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability59▼-12
Solvency67▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.41 in 2024; short-term debt: 26.6% and cash: 11.7% of total assets), but 58% of the assets are financed with debt.
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Signals

Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filings
Deviation from the deadline
2025
31 d late
2024
30 d late
2023
144 d early
2022
91 d late
2021
92 d late
2020
30 d late
2019
92 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 32 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 30 August 2016, ALTRO was incorporated.1 Total assets went from EUR 371,928 in 2018 to EUR 566,653 in 2025 and headcount from 3.2 to 7.9 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€238,087▼ 9.9%
2024 · €264,195
Total assets
€566,653▼ 13.2%
2024 · €652,459
Net result
-€26,108
2024 · €14,245
Working capital
€107,548▲ 5.9%
2024 · €101,518
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€16,201▲ 86.3%-€123,971€116,787€37,068▼ 68.3%-€6,963
Net result€10,472▲ 148%-€137,741€109,056€14,245▼ 86.9%-€26,108
Equity€278,635▲ 3.9%€140,894▼ 49.4%€249,950▲ 77.4%€264,195▲ 5.7%€238,087▼ 9.9%
Total assets€401,324▲ 12.5%€336,075▼ 16.3%€452,656▲ 34.7%€652,459▲ 44.1%€566,653▼ 13.2%
Debt€122,689▲ 38.4%€195,180▲ 59.1%€202,706▲ 3.9%€388,264▲ 91.5%€328,565▼ 15.4%
Working capital€227,621▲ 44.7%€110,009▼ 51.7%€189,625▲ 72.4%€101,518▼ 46.5%€107,548▲ 5.9%
Staff (FTE)4.6▲ 7.0%6.6▲ 43.5%5.6▼ 15.2%6.1▲ 8.9%7.9▲ 29.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2023 Equity +77% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2021: €16,201€16,201Net result 2021: €10,472€10,472Operating result 2022: -€123,971-€123,971Net result 2022: -€137,741-€137,741Operating result 2023: €116,787€116,787Net result 2023: €109,056€109,056Operating result 2024: €37,068€37,068Net result 2024: €14,245€14,245Operating result 2025: -€6,963-€6,963Net result 2025: -€26,108-€26,10820212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €116,787€117,000Net result 2023: €109,056€109,000Operating result 2024: €37,068€37,100Net result 2024: €14,245€14,200Operating result 2025: -€6,963-€6,960Net result 2025: -€26,108-€26,100202320242025
The operating result turns negative in 2025: a loss of €6,963 after €37,068 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €566,653
Fixed assets €308,254 ▲ 1.2%
Current assets €258,398 ▼ 25.7%
Equity and liabilities €566,653
Equity €238,087 ▼ 9.9%
Debt €328,565 ▼ 15.4%
Debt's share of the balance-sheet total falls from 59.5% to 58.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€67,686▼
2024 · €76,792
Cash flow
€48,540▼
2024 · €53,969
Current ratio
1.71▲
2024 · 1.41
Quick ratio
1.59▲
2024 · 1.31
Debt to equity
1.38▼
2024 · 1.47
ROE
-11.0%▼
2024 · 5.4%
ROA
-4.6%▼
2024 · 2.2%
Interest coverage
5.50▼
2024 · 6.48
Debt ≤ 1 year
€150,850▼
2024 · €246,470
Debt > 1 year
€160,054▲
2024 · €135,724
Income taxes
€6,854▼
2024 · €10,973
Staff costs
€402,297▲
2024 · €328,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,916 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€652,459€566,653▼
Fixed assets21/28€304,470€308,254▲
Intangible fixed assets21€88,142€68,142▼
Tangible fixed assets22/27€215,643€239,427▲
Land and buildings22-€53,548
Plant, machinery and equipment23€20,055€12,877▼
Furniture and vehicles24€3,781€6,035▲
Other tangible fixed assets26€191,807€166,967▼
Financial fixed assets28€685€685=
Current assets29/58€347,989€258,398▼
Stocks and contracts in progress3€25,988€19,264▼
Stocks30/36€25,988€19,264▼
Amounts receivable within one year40/41€199,195€168,379▼
Trade receivables40€101,937€46,583▼
Other amounts receivable41€97,258€121,796▲
Cash at bank and in hand54/58€119,376€66,545▼
Deferred charges and accrued income490/1€3,429€4,211▲
Equity and liabilities
Total equity and liabilities10/49€652,459€566,653▼
Equity10/15€264,195€238,087▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€243,735€217,627▼
Amounts payable17/49€388,264€328,565▼
Amounts payable after more than one year17€135,724€160,054▲
Financial debts170/4€135,724€160,054▲
Amounts payable within one year42/48€246,470€150,850▼
Current portion of amounts payable after more than one year42€33,075€25,395▼
Financial debts43-€7,939
Credit institutions430/8-€7,939
Trade debts44€136,349€40,522▼
Suppliers440/4€136,349€40,522▼
Taxes, remuneration and social security45€65,266€69,991▲
Taxes450/3€25,247€27,431▲
Remuneration and social security454/9€40,019€42,560▲
Other amounts payable47/48€11,780€7,003▼
Accrued charges and deferred income492/3€6,070€17,661▲
Income statement Code20242025
Remuneration, social security and pensions62€328,817€402,297▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,724€74,648▲
Other operating charges640/8€16,385€36,084▲
Gross operating margin9900€421,994€506,066▲
Operating profit (loss)9901€37,068-€6,963▼
Financial income75/76B€0€9▲
Recurring financial income75€0€9▲
Financial charges65/66B€11,850€12,301▲
Recurring financial charges65€11,850€12,301▲
Profit (loss) for the period before taxes9903€25,218-€19,254▼
Income taxes67/77€10,973€6,854▼
Profit (loss) for the period9904€14,245-€26,108▼
Profit (loss) for the period to be appropriated9905€14,245-€26,108▼
Appropriation of the result
Profit (loss) to be appropriated9906€243,735€217,627▼
Profit (loss) brought forward from the previous period14P€229,490€243,735▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€130,741€308,344€286,677€328,817€402,297▲ 22.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,043€22,367€22,442€39,724€74,648▲ 87.9%
Other operating charges640/8€2,139€6,514€5,558€16,385€36,084▲ 120%
Gross operating margin9900€167,123€213,254€431,464€421,994€506,066▲ 19.9%
Operating profit (loss)9901€16,201-€123,971€116,787€37,068-€6,963▼ 119%
Financial income75/76B€69€0€4€0€9▲ 5,153%
Recurring financial income75€69€0€4€0€9▲ 5,153%
Financial charges65/66B€5,700€6,910€6,232€11,850€12,301▲ 3.8%
Recurring financial charges65€5,700€6,910€6,232€11,850€12,301▲ 3.8%
Profit (loss) for the period before taxes9903€10,569-€130,881€110,560€25,218-€19,254▼ 176%
Income taxes67/77€97€6,860€1,504€10,973€6,854▼ 37.5%
Profit (loss) for the period9904€10,472-€137,741€109,056€14,245-€26,108▼ 283%
Profit (loss) for the period to be appropriated9905€10,472-€137,741€109,056€14,245-€26,108▼ 283%
Line20212022202320242025Change
Assets
Total assets20/58€401,324€336,075€452,656€652,459€566,653▼ 13.2%
Fixed assets21/28€81,454€96,136€76,209€304,470€308,254▲ 1.2%
Intangible fixed assets21---€88,142€68,142▼ 22.7%
Tangible fixed assets22/27€80,769€95,451€75,024€215,643€239,427▲ 11.0%
Land and buildings22----€53,548-
Plant, machinery and equipment23€5,144€32,017€25,313€20,055€12,877▼ 35.8%
Furniture and vehicles24€1,745€1,774€877€3,781€6,035▲ 59.6%
Other tangible fixed assets26€73,880€61,660€48,833€191,807€166,967▼ 13.0%
Financial fixed assets28€685€685€1,185€685€685=
Current assets29/58€319,871€239,939€376,447€347,989€258,398▼ 25.7%
Stocks and contracts in progress3€26,164€20,426€29,629€25,988€19,264▼ 25.9%
Stocks30/36€26,164€20,426€29,629€25,988€19,264▼ 25.9%
Amounts receivable within one year40/41€120,342€140,391€174,941€199,195€168,379▼ 15.5%
Trade receivables40€43,623€66,281€88,564€101,937€46,583▼ 54.3%
Other amounts receivable41€76,719€74,110€86,377€97,258€121,796▲ 25.2%
Cash at bank and in hand54/58€169,417€70,511€165,727€119,376€66,545▼ 44.3%
Deferred charges and accrued income490/1€3,947€8,610€6,150€3,429€4,211▲ 22.8%
Equity and liabilities
Total equity and liabilities10/49€401,324€336,075€452,656€652,459€566,653▼ 13.2%
Equity10/15€278,635€140,894€249,950€264,195€238,087▼ 9.9%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€258,175€120,434€229,490€243,735€217,627▼ 10.7%
Amounts payable17/49€122,689€195,180€202,706€388,264€328,565▼ 15.4%
Amounts payable after more than one year17€30,440€20,442€10,296€135,724€160,054▲ 17.9%
Financial debts170/4€30,440€20,442€10,296€135,724€160,054▲ 17.9%
Amounts payable within one year42/48€92,250€129,930€186,822€246,470€150,850▼ 38.8%
Current portion of amounts payable after more than one year42€9,852€9,998€10,146€33,075€25,395▼ 23.2%
Financial debts43----€7,939-
Credit institutions430/8----€7,939-
Trade debts44€36,478€68,268€100,672€136,349€40,522▼ 70.3%
Suppliers440/4€36,478€68,268€100,672€136,349€40,522▼ 70.3%
Taxes, remuneration and social security45€43,076€45,454€63,671€65,266€69,991▲ 7.2%
Taxes450/3€16,546€16,162€19,676€25,247€27,431▲ 8.6%
Remuneration and social security454/9€26,529€29,293€43,996€40,019€42,560▲ 6.3%
Other amounts payable47/48€2,844€6,210€12,332€11,780€7,003▼ 40.5%
Accrued charges and deferred income492/3-€44,808€5,588€6,070€17,661▲ 191%
Line20212022202320242025Change
Profit (loss) for the period9904€10,472-€137,741€109,056€14,245-€26,108▼ 283%
+ Depreciation and write-downs630€18,043€22,367€22,442€39,724€74,648▲ 87.9%
Operating cash flow (approximation)€28,515-€115,374€131,498€53,969€48,540▼ 10.1%
Investment in fixed assets (approximation)--€37,049-€2,515-€267,985-€78,432▲ 70.7%
Change in cash--€98,906€95,216-€46,350-€52,831▼ 14.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
09-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €109,056
Net result €109,056 after one loss-making year.
31-12
Financial Equity above €200,000Eq €249,950 ▲77.4%
Equity rises from €140,894 to €249,950.
30-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial Weakest financial yearnet -€137,741
Net result drops to -€137,741, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
05-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has 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
5 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, Neupré · 2 establishment units since 2016
seat establishment All 2 establishment units on the map
Ground area
523 m²
Building footprint
149 m²
Volume, LiDAR
1,506 m³
3 parcels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ALTRO
Rue Saint-Paul 5, 4000 LiègeFull-service restaurants
since 20162.261.620.128
ALTRO LATO
Rue Saint-Paul 2, 4000 LiègeFull-service restaurants
since 20242.367.049.230
3 parcels
Wallonia 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62081A0133/00G000 Wallonia 384 m² 1 · 16 m² 2.9 m · 1 fl.
62063A1568/00A000 Wallonia 80 m² 1 · 61 m² 16.1 m · 5 fl.
62803A1535/00H000
ProtectedSite or landscape
Wallonia 59 m² 1 · 72 m² 10.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. GF0 100%
  2. ALTRO

Highest known parent: GF0. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Liège2.261.620.128
1 permission
Toelating · Eetgelegenheid · since 29-11-2018
Liège2.367.049.230
1 permission
Toelating · Traiteur · since 25-04-2025

Similar companies · same sector, comparable size

Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,671 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
Founded30-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:0661807541
Also 9925:BE0661807541
Registered 29-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.