ALTRONIK
ActiveSummary
The annual accounts of ALTRONIK for fiscal year 2024 show a net loss of 53% of total assets. The 2024 annual accounts show equity of €40,071 and a net result of -€21,948. Equity is shrinking by ~21.3% per year across the filed fiscal years. The company has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100▲+38
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 8.94 against 1.07 in 2023; short-term debt: 3.6% and cash: 32.1% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
96.4%
Return on assets
-52.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
7 d early
2023
61 d early
2022
26 d early
2021
69 d early
2020
60 d early
2019
58 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Equity
€40,071▼ 35.4%
2023 · €62,019
Total assets
€41,565▼ 75.1%
2023 · €167,167
Net result
-€21,948▲ 65.9%
2023 · -€64,430
Working capital
€11,861▲ 65.2%
2023 · €7,181
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,580€6,712▲ 2.0%-€42,860-€63,337▼ 47.8%-€21,437▲ 66.2%
Net result€5,188within the sector's middle half€5,107within the sector's middle half▼ 1.6%-€45,904below the sector's middle half-€64,430below the sector's middle half▼ 40.4%-€21,948below the sector's middle half▲ 65.9%
Equity€167,247above the sector's middle half▲ 3.2%€172,354above the sector's middle half▲ 3.1%€126,449within the sector's middle half▼ 26.6%€62,019within the sector's middle half▼ 51.0%€40,071below the sector's middle half▼ 35.4%
Total assets€251,383within the sector's middle half▼ 0.1%€242,011within the sector's middle half▼ 3.7%€207,119within the sector's middle half▼ 14.4%€167,167within the sector's middle half▼ 19.3%€41,565below the sector's middle half▼ 75.1%
Debt€84,136▼ 6.0%€69,658▼ 17.2%€80,670▲ 15.8%€105,148▲ 30.3%€1,494▼ 98.6%
Working capital€138,924above the sector's middle half▲ 4.5%€144,294above the sector's middle half▲ 3.9%€66,972within the sector's middle half▼ 53.6%€7,181within the sector's middle half▼ 89.3%€11,861below the sector's middle half▲ 65.2%
Solvency66.5%above the sector's middle half▲ 2.1pp71.2%above the sector's middle half▲ 4.7pp61.1%within the sector's middle half▼ 10.2pp37.1%within the sector's middle half▼ 24.0pp96.4%above the sector's middle half▲ 59.3pp
Current ratio2.80within the sector's middle half▲ 0.133.19above the sector's middle half▲ 0.392.01within the sector's middle half▼ 1.181.07within the sector's middle half▼ 0.938.94above the sector's middle half▲ 7.86
Return on assets (ROA)2.1%within the sector's middle half▲ 17.0pp2.1%within the sector's middle half=-22.2%below the sector's middle half▼ 24.3pp-38.5%below the sector's middle half▼ 16.4pp-52.8%below the sector's middle half▼ 14.3pp
Staff (FTE)1within the sector's middle half▼ 9.1%1=1=1=0.4below the sector's middle half▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,437 in 2024 against €63,337 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41,565
Fixed assets
€28,210 ▼ 55.0%
Current assets
€13,355 ▼ 87.2%
Equity and liabilities €41,565
Equity
€40,071 ▼ 35.4%
Debt
€1,494 ▼ 98.6%
Debt's share of the balance-sheet total falls from 62.9% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€21,437▲
2023 · -€52,435
Cash flow
-€21,948▲
2023 · -€53,527
Debt to equity
0.04▼
2023 · 1.70
ROE
-54.8%▲
2023 · -103.9%
Interest coverage
-32.11▲
2023 · -54.56
Debt ≤ 1 year
€1,494▼
2023 · €97,238
Debt > 1 year
€0▼
2023 · €7,910
Income taxes
€63▼
2023 · €132
Staff costs
€28,999▼
2023 · €73,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 5,834 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68,149 | €64,652 | €73,300 | €28,999 | ▼ 60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,613 | €3,613 | €12,698 | €10,903 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €5,018 | €4,795 | €4,697 | €5,213 | ▲ 11.0% |
| Gross operating margin9900 | €76,062 | €83,491 | €39,286 | €25,561 | €12,776 | ▼ 50.0% |
| Operating profit (loss)9901 | €6,580 | €6,712 | -€42,860 | -€63,337 | -€21,437 | ▲ 66.2% |
| Financial income75/76B | - | - | €12 | - | €219 | - |
| Recurring financial income75 | - | - | €12 | - | €219 | - |
| Financial charges65/66B | - | €1,349 | €2,911 | €961 | €668 | ▼ 30.5% |
| Recurring financial charges65 | €1,143 | €1,349 | €2,911 | €961 | €668 | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | €5,438 | €5,363 | -€45,759 | -€64,299 | -€21,885 | ▲ 66.0% |
| Income taxes67/77 | €249 | €256 | €145 | €132 | €63 | ▼ 52.4% |
| Profit (loss) for the period9904 | €5,188 | €5,107 | -€45,904 | -€64,430 | -€21,948 | ▲ 65.9% |
| Profit (loss) for the period to be appropriated9905 | €5,188 | €5,107 | -€45,904 | -€64,430 | -€21,948 | ▲ 65.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,383 | €242,011 | €207,119 | €167,167 | €41,565 | ▼ 75.1% |
| Fixed assets21/28 | €35,448 | €31,836 | €73,651 | €62,748 | €28,210 | ▼ 55.0% |
| Tangible fixed assets22/27 | €35,436 | €31,823 | €73,638 | €62,735 | €28,210 | ▼ 55.0% |
| Land and buildings22 | - | €28,210 | €28,210 | €28,210 | €28,210 | = |
| Furniture and vehicles24 | - | €3,373 | €45,428 | €34,525 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €240 | - | - | - | - |
| Financial fixed assets28 | €13 | €13 | €13 | €13 | €0 | ▼ 100% |
| Current assets29/58 | €215,934 | €210,176 | €133,468 | €104,419 | €13,355 | ▼ 87.2% |
| Stocks and contracts in progress3 | €88,261 | €70,401 | €69,521 | €41,606 | €0 | ▼ 100% |
| Stocks30/36 | - | €70,401 | €69,521 | €41,606 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €29,596 | €29,510 | €5,121 | €12,944 | €0 | ▼ 100% |
| Trade receivables40 | - | €28,920 | €4,531 | €12,944 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €590 | €590 | - | - | - |
| Cash at bank and in hand54/58 | €92,313 | €100,154 | €52,338 | €45,935 | €13,355 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | €10,111 | €6,489 | €3,933 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,383 | €242,011 | €207,119 | €167,167 | €41,565 | ▼ 75.1% |
| Equity10/15 | €167,247 | €172,354 | €126,449 | €62,019 | €40,071 | ▼ 35.4% |
| Contributions10/11 | €215,000 | €215,397 | €215,397 | €215,397 | €215,397 | = |
| Capital10 | - | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Issued capital100 | - | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Outside capital11 | - | €397 | €397 | €397 | €397 | = |
| Share premium1100/10 | - | €397 | €397 | €397 | €397 | = |
| Reserves13 | €26,615 | €26,615 | €26,615 | €26,615 | €26,615 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €20,415 | €20,415 | €20,415 | €20,415 | = |
| Profit (loss) carried forward14 | -€74,765 | -€69,658 | -€115,563 | -€179,993 | -€201,941 | ▼ 12.2% |
| Amounts payable17/49 | €84,136 | €69,658 | €80,670 | €105,148 | €1,494 | ▼ 98.6% |
| Amounts payable after more than one year17 | €6,588 | €3,170 | €14,173 | €7,910 | €0 | ▼ 100% |
| Financial debts170/4 | - | €3,170 | €14,173 | €7,910 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €77,010 | €65,881 | €66,496 | €97,238 | €1,494 | ▼ 98.5% |
| Current portion of amounts payable after more than one year42 | - | €3,418 | €9,378 | €6,264 | €0 | ▼ 100% |
| Trade debts44 | €56,450 | €36,251 | €29,991 | €51,408 | €528 | ▼ 99.0% |
| Suppliers440/4 | - | €36,251 | €29,991 | €51,408 | €528 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €24,476 | €12,375 | €14,697 | €63 | ▼ 99.6% |
| Taxes450/3 | - | €13,210 | €5,289 | €2,483 | €63 | ▼ 97.5% |
| Remuneration and social security454/9 | - | €11,266 | €7,086 | €12,214 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1,737 | €14,753 | €24,870 | €904 | ▼ 96.4% |
| Accrued charges and deferred income492/3 | - | €606 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,188 | €5,107 | -€45,904 | -€64,430 | -€21,948 | ▲ 65.9% |
| + Depreciation and write-downs630 | €3,613 | €3,613 | €12,698 | €10,903 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €8,801 | €8,720 | -€33,206 | -€53,527 | -€21,948 | ▲ 59.0% |
| Investment in fixed assets (approximation) | - | €0 | -€54,513 | €0 | €34,538 | - |
| Change in cash | - | €7,841 | -€47,817 | -€6,402 | -€32,580 | ▼ 409% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 8current ratio 8.94
Current ratio from 1.07 to 8.94; short-term debt falls from €97,238 to €1,494.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€64,430
Net result drops to -€64,430, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,188
Net result €5,188 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1973
Ground area
483 m²
Building footprint
209 m²
Volume, LiDAR
2,876 m³
Parcel 41002A0366/02P006, Flanders · tallest building 20.9 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Albert Liénartstraat 12, 9300 Aalst
since 19732.007.858.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0366/02P006 | Flanders | 483 m² | 1 · 209 m² | 20.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- A House Holding
- BOWHOUS
- ALTRONIK
Highest known parent: A House Holding. The sources do not say who stands above it.
Owners 1
- BOWHOUSparentSourceaccounts BOWHOUS 2025100%
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.
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Company details
Identification
Legal formPublic limited company
Founded20-12-1972
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46150Agents in the wholesale of furniture, household goods and hardware
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0412860605
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.