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ALTTEC

Active
Private limited companyfounded 20233 yrs activeMolenstraat 51, 3730 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0798.374.336
Summary

The computed 12-month bankruptcy probability of ALTTEC is 2.8% (moderate). The 2024 annual accounts show equity of €97,907 and a net result of €45,123. Its solvency ranks better than 26% of 36386 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability83▼-1
Solvency49▲+8
Growth78
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.26 in 2023; short-term debt: 69.9% and cash: 27.5% of total assets), and 75.8% 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 · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
24.2%
Return on assets
11.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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 13 February 2023, ALTTEC was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€97,907▲ 85.5%
2023 · €52,785
Total assets
€403,791▲ 22.0%
2023 · €330,978
Net result
€45,123▲ 10.6%
2023 · €40,785
Working capital
€79,657▲ 33.7%
2023 · €59,587
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€55,005-€60,692▲ 10.3%
Net result€40,785above the sector's middle half-€45,123above the sector's middle half▲ 10.6%
Equity€52,785within the sector's middle half-€97,907within the sector's middle half▲ 85.5%
Total assets€330,978above the sector's middle half-€403,791above the sector's middle half▲ 22.0%
Debt€278,194-€305,883▲ 10.0%
Working capital€59,587within the sector's middle half-€79,657within the sector's middle half▲ 33.7%
Solvency15.9%below the sector's middle half-24.2%within the sector's middle half▲ 8.3pp
Current ratio1.26within the sector's middle half-1.28within the sector's middle half▲ 0.02
Return on assets (ROA)12.3%within the sector's middle half-11.2%within the sector's middle half▼ 1.1pp
Staff (FTE)0.8
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €55,005€55,005Net result 2023: €40,785€40,785Operating result 2024: €60,692€60,692Net result 2024: €45,123€45,12320232024€0€20,000€40,000€60,000Operating result 2023: €55,005€55,000Net result 2023: €40,785€40,800Operating result 2024: €60,692€60,700Net result 2024: €45,123€45,10020232024
The operating result rises in 2024; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €403,791
Fixed assets €42,020 ▼ 5.5%
Current assets €361,771 ▲ 26.3%
Equity and liabilities €403,791
Equity €97,907 ▲ 85.5%
Debt €305,883 ▲ 10.0%
Debt's share of the balance-sheet total falls from 84.1% to 75.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€73,224▲
2023 · €55,454
Cash flow
€57,654▲
2023 · €41,234
Quick ratio
1.11▲
2023 · 0.87
Debt to equity
3.12▼
2023 · 5.27
ROE
46.1%▼
2023 · 77.3%
Interest coverage
232.35▼
2023 · 474.04
Debt ≤ 1 year
€282,113▲
2023 · €226,943
Income taxes
€15,535▲
2023 · €14,125
Staff costs
€34,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,662 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% 1.7%
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 75% 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 7,976 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 · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€330,978€403,791▲
Fixed assets21/28€44,448€42,020▼
Tangible fixed assets22/27€44,448€42,020▼
Plant, machinery and equipment23€22,040€19,392▼
Furniture and vehicles24€22,408€22,628▲
Current assets29/58€286,531€361,771▲
Stocks and contracts in progress3€90,000€47,500▼
Stocks30/36€90,000€47,500▼
Amounts receivable within one year40/41€131,130€203,037▲
Trade receivables40€84,570€97,698▲
Other amounts receivable41€46,560€105,338▲
Cash at bank and in hand54/58€65,400€111,234▲
Equity and liabilities
Total equity and liabilities10/49€330,978€403,791▲
Equity10/15€52,785€97,907▲
Contributions10/11€12,000€12,000=
Outside capital11€12,000€12,000=
Other1109/19€12,000€12,000=
Reserves13€40,785€85,907▲
Distributable reserves133€40,785€85,907▲
Amounts payable17/49€278,194€305,883▲
Amounts payable within one year42/48€226,943€282,113▲
Trade debts44€212,818€249,050▲
Suppliers440/4€212,818€249,050▲
Taxes, remuneration and social security45€14,125€32,744▲
Taxes450/3€14,125€29,660▲
Remuneration and social security454/9-€3,083
Other amounts payable47/48-€320
Accrued charges and deferred income492/3€51,250€23,770▼
Income statement Code20232024
Remuneration, social security and pensions62-€34,210
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€449€12,532▲
Other operating charges640/8€660€899▲
Non-recurring operating charges66A€41-
Gross operating margin9900€56,154€108,334▲
Operating profit (loss)9901€55,005€60,692▲
Financial income75/76B€22€281▲
Recurring financial income75€22€281▲
Financial charges65/66B€117€315▲
Recurring financial charges65€117€315▲
Profit (loss) for the period before taxes9903€54,910€60,658▲
Income taxes67/77€14,125€15,535▲
Profit (loss) for the period9904€40,785€45,123▲
Profit (loss) for the period to be appropriated9905€40,785€45,123▲
Appropriation of the result
Profit (loss) to be appropriated9906€40,785€45,123▲
Transfer to equity691/2€40,785€45,123▲
To other reserves6921€40,785€45,123▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€34,210-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€449€12,532▲ 2,691%
Other operating charges640/8€660€899▲ 36.4%
Non-recurring operating charges66A€41--
Gross operating margin9900€56,154€108,334▲ 92.9%
Operating profit (loss)9901€55,005€60,692▲ 10.3%
Financial income75/76B€22€281▲ 1,183%
Recurring financial income75€22€281▲ 1,183%
Financial charges65/66B€117€315▲ 169%
Recurring financial charges65€117€315▲ 169%
Profit (loss) for the period before taxes9903€54,910€60,658▲ 10.5%
Income taxes67/77€14,125€15,535▲ 10.0%
Profit (loss) for the period9904€40,785€45,123▲ 10.6%
Profit (loss) for the period to be appropriated9905€40,785€45,123▲ 10.6%
Line20232024Change
Assets
Total assets20/58€330,978€403,791▲ 22.0%
Fixed assets21/28€44,448€42,020▼ 5.5%
Tangible fixed assets22/27€44,448€42,020▼ 5.5%
Plant, machinery and equipment23€22,040€19,392▼ 12.0%
Furniture and vehicles24€22,408€22,628▲ 1.0%
Current assets29/58€286,531€361,771▲ 26.3%
Stocks and contracts in progress3€90,000€47,500▼ 47.2%
Stocks30/36€90,000€47,500▼ 47.2%
Amounts receivable within one year40/41€131,130€203,037▲ 54.8%
Trade receivables40€84,570€97,698▲ 15.5%
Other amounts receivable41€46,560€105,338▲ 126%
Cash at bank and in hand54/58€65,400€111,234▲ 70.1%
Equity and liabilities
Total equity and liabilities10/49€330,978€403,791▲ 22.0%
Equity10/15€52,785€97,907▲ 85.5%
Contributions10/11€12,000€12,000=
Outside capital11€12,000€12,000=
Other1109/19€12,000€12,000=
Reserves13€40,785€85,907▲ 111%
Distributable reserves133€40,785€85,907▲ 111%
Amounts payable17/49€278,194€305,883▲ 10.0%
Amounts payable within one year42/48€226,943€282,113▲ 24.3%
Trade debts44€212,818€249,050▲ 17.0%
Suppliers440/4€212,818€249,050▲ 17.0%
Taxes, remuneration and social security45€14,125€32,744▲ 132%
Taxes450/3€14,125€29,660▲ 110%
Remuneration and social security454/9-€3,083-
Other amounts payable47/48-€320-
Accrued charges and deferred income492/3€51,250€23,770▼ 53.6%
Line20232024Change
Profit (loss) for the period9904€40,785€45,123▲ 10.6%
+ Depreciation and write-downs630€449€12,532▲ 2,691%
Operating cash flow (approximation)€41,234€57,654▲ 39.8%
Investment in fixed assets (approximation)--€10,104-
Change in cash-€45,833-

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

2025
25-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,352 m²
Building footprint
502 m²
Volume, LiDAR
2,741 m³
Parcel 73032I0114/00K000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ALTTEC
Molenstraat 51, 3730 Bilzen-HoeseltManufacture of electrical equipment
since 20232.341.631.270
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73032I0114/00K000 Flanders 2,352 m² 1 · 502 m² 9.5 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 2 entries · 1,120 EUR awarded · 1,120 EUR paid
Year Entries awardedpaid
2025 2 1,120 EUR1,120 EUR
Schemes
1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
1 entry · 120 EUR · 120 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

1 live approval
Technicus gebouwenautomatisering en energiemanagement duaal (so)
Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,805 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
Founded13-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798374336
Also 9925:BE0798374336
Registered 02-09-2023

Register as of 27 September 2026 · Peppol Directory

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