ALTU
ActiveSummary
The computed 12-month bankruptcy probability of ALTU is 1.6% (moderate). The 2024 annual accounts show equity of €185,450 and a net result of €17,256. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 728 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-27
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 9.23 against 11.36 in 2023; short-term debt: 10.6% and cash: 53.2% of total assets), and 10.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
55 d late
2022
56 d late
2021
44 d early
2020
26 d late
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€185,450▲ 10.3%
2023 · €168,195
Total assets
€207,498▲ 12.2%
2023 · €184,888
Net result
€17,256▼ 29.7%
2023 · €24,555
Working capital
€181,556▲ 10.0%
2023 · €165,060
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
Line20202021202220232024
Operating result€14,188▼ 13.3%€13,429▼ 5.4%€13,263▼ 1.2%€34,108▲ 157%€24,221▼ 29.0%
Net result€9,773▼ 22.4%€9,528▼ 2.5%€8,034▼ 15.7%€24,555▲ 206%€17,256▼ 29.7%
Equity€126,077▲ 8.4%€135,605▲ 7.6%€143,639▲ 5.9%€168,195▲ 17.1%€185,450▲ 10.3%
Total assets€135,028▲ 10.5%€145,487▲ 7.7%€153,162▲ 5.3%€184,888▲ 20.7%€207,498▲ 12.2%
Debt€8,952▲ 51.8%€9,882▲ 10.4%€9,523▼ 3.6%€16,694▲ 75.3%€22,048▲ 32.1%
Working capital€120,332▲ 10.9%€132,463▲ 10.1%€143,100▲ 8.0%€165,060▲ 15.3%€181,556▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,498
Fixed assets
€3,895 =
Current assets
€203,603 ▲ 12.5%
Equity and liabilities €207,498
Equity
€185,450 ▲ 10.3%
Debt
€22,048 ▲ 32.1%
Debt's share of the balance-sheet total rises from 9.0% to 10.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
9.23▼
2023 · 11.36
Debt to equity
0.12▲
2023 · 0.10
ROE
9.3%▼
2023 · 14.6%
ROA
8.3%▼
2023 · 13.3%
Debt ≤ 1 year
€22,048▲
2023 · €15,933
Income taxes
€6,812▼
2023 · €9,405
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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%.
| 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 31,324 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,603 | €2,603 | €2,603 | €1,035 | - | - |
| Other operating charges640/8 | - | €460 | €715 | €929 | €862 | ▼ 7.2% |
| Gross operating margin9900 | €17,683 | €16,492 | €16,581 | €36,072 | €25,083 | ▼ 30.5% |
| Operating profit (loss)9901 | €14,188 | €13,429 | €13,263 | €34,108 | €24,221 | ▼ 29.0% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €141 | €167 | €148 | €153 | ▲ 3.4% |
| Recurring financial charges65 | €476 | €141 | €167 | €148 | €153 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €13,713 | €13,288 | €13,095 | €33,960 | €24,068 | ▼ 29.1% |
| Income taxes67/77 | €3,940 | €3,760 | €5,061 | €9,405 | €6,812 | ▼ 27.6% |
| Profit (loss) for the period9904 | €9,773 | €9,528 | €8,034 | €24,555 | €17,256 | ▼ 29.7% |
| Profit (loss) for the period to be appropriated9905 | €9,773 | €9,528 | €8,034 | €24,555 | €17,256 | ▼ 29.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,028 | €145,487 | €153,162 | €184,888 | €207,498 | ▲ 12.2% |
| Fixed assets21/28 | €5,745 | €3,142 | €539 | €3,895 | €3,895 | = |
| Tangible fixed assets22/27 | €5,745 | €3,142 | €539 | €3,895 | €3,895 | = |
| Plant, machinery and equipment23 | - | €1,078 | €539 | - | - | - |
| Furniture and vehicles24 | - | €2,064 | - | €3,895 | €3,895 | = |
| Current assets29/58 | €129,284 | €142,345 | €152,623 | €180,994 | €203,603 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €61,968 | €64,896 | €101,601 | €110,511 | €85,389 | ▼ 22.7% |
| Trade receivables40 | - | €7,821 | €54,085 | €9,615 | €12,787 | ▲ 33.0% |
| Other amounts receivable41 | - | €57,075 | €47,516 | €100,896 | €72,602 | ▼ 28.0% |
| Cash at bank and in hand54/58 | €59,511 | €71,440 | €46,887 | €64,225 | €110,364 | ▲ 71.8% |
| Deferred charges and accrued income490/1 | - | €6,009 | €4,136 | €6,257 | €7,850 | ▲ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,028 | €145,487 | €153,162 | €184,888 | €207,498 | ▲ 12.2% |
| Equity10/15 | €126,077 | €135,605 | €143,639 | €168,195 | €185,450 | ▲ 10.3% |
| Contributions10/11 | - | €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 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €105,617 | €115,145 | €123,179 | €147,735 | €164,990 | ▲ 11.7% |
| Amounts payable17/49 | €8,952 | €9,882 | €9,523 | €16,694 | €22,048 | ▲ 32.1% |
| Amounts payable within one year42/48 | €8,952 | €9,882 | €9,523 | €15,933 | €22,048 | ▲ 38.4% |
| Trade debts44 | €948 | €2,034 | €927 | €3,094 | €3,884 | ▲ 25.5% |
| Suppliers440/4 | - | €2,034 | €927 | €3,094 | €3,884 | ▲ 25.5% |
| Taxes, remuneration and social security45 | - | €7,848 | €8,596 | €12,839 | €18,163 | ▲ 41.5% |
| Taxes450/3 | - | €7,848 | €8,596 | €12,839 | €18,163 | ▲ 41.5% |
| Accrued charges and deferred income492/3 | - | - | - | €760 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,773 | €9,528 | €8,034 | €24,555 | €17,256 | ▼ 29.7% |
| + Depreciation and write-downs630 | €2,603 | €2,603 | €2,603 | €1,035 | - | - |
| Operating cash flow (approximation) | €12,376 | €12,131 | €10,637 | €25,590 | €17,256 | ▼ 32.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,390 | €0 | ▲ 100% |
| Change in cash | - | €11,929 | -€24,554 | €17,339 | €46,139 | ▲ 166% |
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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Highest result since 2018net €24,555 ▲206%
Operating result €34,108, net result €24,555, both a record.
31-12
Financial
Equity above €150,000Eq €168,195 ▲17.1%
6 profitable years in a row build equity to €168,195.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Weakest financial yearnet €8,034 ▼15.7%
Net result drops to €8,034, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2003
Ground area
185 m²
Building footprint
94 m²
Volume, LiDAR
517 m³
Parcel 11019B0121/00D010, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALTU
since 20032.131.402.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0121/00D010 | Flanders | 185 m² | 1 · 94 m² | 7.0 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.
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 929 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
Founded04-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479940162
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.