ALTROAK

Active

Private limited companyfounded 20206 yrs activeRue La-Forestière, B.-de-P. 154, 5660 Couvin, BelgiumKBO/BCE: BE 0743.754.824

ALTROAK has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Watch Print / PDF

Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency43▼-43

Growth58▼-20

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

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

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

18.2%

Return on assets

130.3%

Age of the figures

21 mo

Higher-failure-rate region

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

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 20785 sector peers (2024).

NBB · sector comparison

Position among 20785 sector peers

Solvency

better than 16%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

40 d early

2023

67 d early

2022

65 d early

2021

63 d early

2020

62 d early

← 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

€6k▼ 87.1%

2023 · €45k

2020: €30k 2021: €80k 2022: €125k 2023: €45k

2020 → 2024

Total assets

€32k▼ 57.0%

2023 · €74k

2020: €58k 2021: €116k 2022: €156k 2023: €74k

2020 → 2024

Net result

€42k▲ 2.5%

2023 · €41k

2020: €25k 2021: €49k 2022: €45k 2023: €41k

2020 → 2024

Working capital

€346▼ 99.0%

2023 · €34k

2020: €25k 2021: €76k 2022: €115k 2023: €34k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€30k-€80k▲ 162%€125k▲ 56.7%€45k▼ 63.7%€6k▼ 87.1%

Operating result€22k-€62k▲ 189%€51k▼ 17.9%€52k▲ 1.4%€57k▲ 9.9%

Net result€25k-€49k▲ 93.8%€45k▼ 8.3%€41k▼ 10.2%€42k▲ 2.5%

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

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 10% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €32k

17.2%

82.8%

Fixed assets €5k▼ 51.4%

Current assets €26k▼ 57.9%

Equity and liabilities €32k

18.2%

81.8%

Equity €6k▼ 87.1%

Debt €26k▼ 9.7%

The debt ratio rises from 39.0% to 81.8%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€64k▲

2023 · €57k

Cash flow

€49k▲

2023 · €46k

Solvency

18.2%▼

2023 · 61.0%

Current ratio

1.01▼

2023 · 2.18

Quick ratio

1.01▼

2023 · 2.18

Debt / equity

4.48▲

2023 · 0.64

ROE

713.8%▲

2023 · 89.6%

ROA

130.3%▲

2023 · 54.7%

Interest coverage

437.72▲

2023 · 240.64

Debt

€26k▼

2023 · €29k

Debt ≤ 1 year

€26k▼

2023 · €29k

Income taxes

€15k▲

2023 · €11k

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€74k€32k▼

Fixed assets21/28€11k€5k▼

Tangible fixed assets22/27€11k€5k▼

Furniture and vehicles24€11k€5k▼

Current assets29/58€63k€26k▼

Amounts receivable within one year40/41€14k€26k▲

Trade receivables40€14k€25k▲

Other amounts receivable41-€944

Cash at bank and in hand54/58€38k€512▼

Deferred charges and accrued income490/1€10k-

Equity and liabilities

Total equity and liabilities10/49€74k€32k▼

Equity10/15€45k€6k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€40k€823▼

Amounts payable17/49€29k€26k▼

Amounts payable within one year42/48€29k€26k▼

Current portion of amounts payable after more than one year42€1k-

Trade debts44€13k€89▼

Suppliers440/4€13k€89▼

Taxes, remuneration and social security45€10k€12k▲

Taxes450/3€10k€12k▲

Remuneration and social security454/9-€480

Other amounts payable47/48€4k€14k▲

Accrued charges and deferred income492/3€12-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲

Other operating charges640/8€268€718▲

Gross operating margin9900€57k€65k▲

Operating profit (loss)9901€52k€57k▲

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€237€146▼

Recurring financial charges65€237€146▼

Profit (loss) for the period before taxes9903€51k€57k▲

Income taxes67/77€11k€15k▲

Profit (loss) for the period9904€41k€42k▲

Profit (loss) for the period to be appropriated9905€41k€42k▲

Appropriation of the result

Profit (loss) to be appropriated9906€160k€82k▼

Profit (loss) brought forward from the previous period14P€120k€40k▼

Profit to be distributed694/7€120k€81k▼

Return on contributions (dividend)694€120k€81k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

21-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

25-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €100kEq €125k ▲56.7%

3 profitable years in a row build equity to €125k.

29-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €49k ▲93.8%

Operating result €62k, net result €49k, both a record.

30-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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, Couvin · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Rue La-Forestière, B.-de-P. 1545660 Couvin

Ground area

2,153 m²

Building footprint

111 m²

Parcel 93008B0174/00E009, Wallonia. Linked by address, not a title deed.

1 establishment unit

SRL ALTROAK

Rue La-Forestière, B.-de-P. 154, 5660 CouvinManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20202.299.497.935

1 parcel

Wallonia 1 (100%)