ALTU
ActiveSummary
The computed 12-month bankruptcy probability of ALTU is 1.6% (moderate). The 2024 annual accounts show equity of €185k and a net result of €17k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 727 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
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €14k 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.
Credit advice for your own amount and term
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
Sector 53
higher
← 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€185k▲ 10.3%
2023 · €168k
2018: €104k
2019: €116k
2020: €126k
2021: €136k
2022: €144k
2023: €168k
2018 → 2024
Total assets
€207k▲ 12.2%
2023 · €185k
2018: €110k
2019: €122k
2020: €135k
2021: €145k
2022: €153k
2023: €185k
2018 → 2024
Net result
€17k▼ 29.7%
2023 · €25k
2018: €12k
2019: €13k
2020: €10k
2021: €10k
2022: €8k
2023: €25k
2018 → 2024
Working capital
€182k▲ 10.0%
2023 · €165k
2018: €96k
2019: €108k
2020: €120k
2021: €132k
2022: €143k
2023: €165k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€126k-€136k▲ 7.6%€144k▲ 5.9%€168k▲ 17.1%€185k▲ 10.3%
Operating result€14k-€13k▼ 5.4%€13k▼ 1.2%€34k▲ 157%€24k▼ 29.0%
Net result€10k-€10k▼ 2.5%€8k▼ 15.7%€25k▲ 206%€17k▼ 29.7%
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 €207k
Fixed assets
€4k =
Current assets
€204k ▲ 12.5%
Equity and liabilities €207k
Equity
€185k ▲ 10.3%
Debt
€22k ▲ 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
€22k▲
2023 · €16k
Income taxes
€7k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€185k€207k▲
Fixed assets21/28€4k€4k=
Tangible fixed assets22/27€4k€4k=
Furniture and vehicles24€4k€4k=
Current assets29/58€181k€204k▲
Amounts receivable within one year40/41€111k€85k▼
Trade receivables40€10k€13k▲
Other amounts receivable41€101k€73k▼
Cash at bank and in hand54/58€64k€110k▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€185k€207k▲
Equity10/15€168k€185k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€148k€165k▲
Amounts payable17/49€17k€22k▲
Amounts payable within one year42/48€16k€22k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€13k€18k▲
Taxes450/3€13k€18k▲
Accrued charges and deferred income492/3€760-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€929€862▼
Gross operating margin9900€36k€25k▼
Operating profit (loss)9901€34k€24k▼
Financial charges65/66B€148€153▲
Recurring financial charges65€148€153▲
Profit (loss) for the period before taxes9903€34k€24k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€25k€17k▼
Profit (loss) for the period to be appropriated9905€25k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€148k€165k▲
Profit (loss) brought forward from the previous period14P€123k€148k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €25k ▲206%
Operating result €34k, net result €25k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲17.1%
6 profitable years in a row build equity to €168k.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Weakest financial yearnet €8k ▼15.7%
Net result drops to €8k, 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.
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
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.
Antwerpsesteenweg 2252660 AntwerpenGround 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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AJLMV GROUP
BE 0423.097.172
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SOGECLEAU
BE 0428.879.065
Deerlijk · Eq €186,337
THE SWAP GROUP
BE 0811.216.938
Machelen (Brab.) · Eq €184,295
ENVECE
BE 0479.668.859
Evergem · Eq €187,080
TIROLLI TRANSPORT
BE 0500.675.495
Aalst · Eq €183,769
Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 934 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.