ALTUS
ActiveSummary
ALTUS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133,394 and a net result of -€114,275. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency53▼-19
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.61 against 2.72 in 2023; short-term debt: 59.8% and cash: 0% of total assets), but 72% of the assets are financed with debt.
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Signals
Four 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
28%
Return on assets
-24%
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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
6 d late
2023
30 d late
2022
49 d early
2021
80 d early
2020
58 d early
2019
59 d late
← 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 15 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€992,225
EBIT margin
5.9%
Net result
-€114,275
2023 · €84,979
Working capital
€172,690▼ 45.8%
2023 · €318,537
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€19,292-€74,648▼ 287%€38,353€105,872▲ 176%-€15,353
Net result-€39,232below the sector's middle half-€82,862below the sector's middle half▼ 111%€19,632within the sector's middle half€84,979within the sector's middle half▲ 333%-€114,275below the sector's middle half
EBIT margin
Equity€225,921within the sector's middle half▼ 14.8%€143,058within the sector's middle half▼ 36.7%€162,690above the sector's middle half▲ 13.7%€247,669within the sector's middle half▲ 52.2%€133,394below the sector's middle half▼ 46.1%
Total assets€418,380below the sector's middle half▼ 34.8%€448,792above the sector's middle half▲ 7.3%€696,785above the sector's middle half▲ 55.3%€530,802below the sector's middle half▼ 23.8%€476,810below the sector's middle half▼ 10.2%
Debt€192,459▼ 48.9%€305,734▲ 58.9%€534,095▲ 74.7%€213,696▼ 60.0%€343,416▲ 60.7%
Working capital€233,619▼ 17.3%€143,960▼ 38.4%€202,771▲ 40.9%€318,537▲ 57.1%€172,690▼ 45.8%
Solvency54.0%within the sector's middle half▲ 12.7pp31.9%within the sector's middle half▼ 22.1pp23.3%within the sector's middle half▼ 8.5pp46.7%within the sector's middle half▲ 23.3pp28.0%within the sector's middle half▼ 18.7pp
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 turns negative in 2024: a loss of €15,353 after €105,872 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €476,810
Fixed assets
€19,002 ▼ 30.3%
Current assets
€457,808 ▼ 9.1%
Equity and liabilities €476,810
Equity
€133,394 ▼ 46.1%
Provisions
€0 ▼ 100%
Debt
€343,416 ▲ 60.7%
Debt's share of the balance-sheet total rises from 40.3% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,159▼
2023 · €117,847
Cash flow
-€104,081▼
2023 · €96,954
Current ratio
1.61▼
2023 · 2.72
Quick ratio
0.38▼
2023 · 0.80
Debt to equity
2.57▲
2023 · 0.86
ROE
-85.7%▼
2023 · 34.3%
ROA
-24.0%▼
2023 · 16.0%
Interest coverage
-0.19▼
2023 · 3.98
Debt ≤ 1 year
€285,118▲
2023 · €185,001
Debt > 1 year
€19,935▼
2023 · €27,599
Income taxes
€300▼
2023 · €515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 308 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 308 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 | - | - | - | €389 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,902 | €9,582 | €9,677 | €11,975 | €10,194 | ▼ 14.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €69,437 | - | - |
| Other operating charges640/8 | - | €1,032 | €1,043 | €1,305 | €1,393 | ▲ 6.8% |
| Gross operating margin9900 | -€4,174 | -€64,034 | €49,072 | €188,977 | -€3,766 | ▼ 102% |
| Operating profit (loss)9901 | -€19,292 | -€74,648 | €38,353 | €105,872 | -€15,353 | ▼ 115% |
| Financial income75/76B | - | €7,783 | €4,163 | €9,200 | €1,936 | ▼ 79.0% |
| Recurring financial income75 | €5,970 | €5,283 | €4,163 | €9,200 | €1,936 | ▼ 79.0% |
| Non-recurring financial income76B | - | €2,500 | - | - | - | - |
| Financial charges65/66B | - | €15,481 | €21,707 | €29,578 | €100,557 | ▲ 240% |
| Recurring financial charges65 | €17,008 | €14,923 | €21,707 | €29,578 | €27,764 | ▼ 6.1% |
| Non-recurring financial charges66B | - | €557 | - | - | €72,793 | - |
| Profit (loss) for the period before taxes9903 | -€30,330 | -€82,345 | €20,808 | €85,494 | -€113,975 | ▼ 233% |
| Income taxes67/77 | €8,902 | €517 | €1,176 | €515 | €300 | ▼ 41.7% |
| Profit (loss) for the period9904 | -€39,232 | -€82,862 | €19,632 | €84,979 | -€114,275 | ▼ 234% |
| Profit (loss) for the period to be appropriated9905 | -€39,232 | -€82,862 | €19,632 | €84,979 | -€114,275 | ▼ 234% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,380 | €448,792 | €696,785 | €530,802 | €476,810 | ▼ 10.2% |
| Fixed assets21/28 | €21,949 | €30,097 | €29,126 | €27,264 | €19,002 | ▼ 30.3% |
| Tangible fixed assets22/27 | €21,949 | €30,097 | €29,126 | €27,264 | €19,002 | ▼ 30.3% |
| Plant, machinery and equipment23 | - | €26,234 | €26,156 | €19,632 | €13,492 | ▼ 31.3% |
| Furniture and vehicles24 | - | €3,863 | €2,970 | €7,632 | €5,510 | ▼ 27.8% |
| Current assets29/58 | €396,430 | €418,695 | €667,659 | €503,538 | €457,808 | ▼ 9.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €51,196 | - |
| Trade receivables290 | - | - | - | - | €51,196 | - |
| Stocks and contracts in progress3 | €314,042 | €316,169 | €300,145 | €354,874 | €348,205 | ▼ 1.9% |
| Stocks30/36 | - | €316,169 | €300,145 | €354,874 | €348,205 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €47,102 | €88,993 | €310,108 | €108,764 | €53,334 | ▼ 51.0% |
| Trade receivables40 | - | €88,993 | €310,108 | €108,764 | - | - |
| Other amounts receivable41 | - | - | - | - | €53,334 | - |
| Cash at bank and in hand54/58 | €152 | €81 | €5 | €5 | €5 | = |
| Deferred charges and accrued income490/1 | - | €13,452 | €57,401 | €39,895 | €5,069 | ▼ 87.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,380 | €448,792 | €696,785 | €530,802 | €476,810 | ▼ 10.2% |
| Equity10/15 | €225,921 | €143,058 | €162,690 | €247,669 | €133,394 | ▼ 46.1% |
| Contributions10/11 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Capital10 | - | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Issued capital100 | - | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Reserves13 | €12,421 | €12,421 | €12,421 | €12,421 | €12,421 | = |
| Non-distributable reserves130/1 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Legal reserve130 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Distributable reserves133 | - | €6,921 | €6,921 | €6,921 | €6,921 | = |
| Profit (loss) carried forward14 | €158,500 | €75,638 | €95,269 | €180,248 | €65,974 | ▼ 63.4% |
| Provisions and deferred taxes16 | - | - | - | €69,437 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €69,437 | - | - |
| Other liabilities and charges164/5 | - | - | - | €69,437 | - | - |
| Amounts payable17/49 | €192,459 | €305,734 | €534,095 | €213,696 | €343,416 | ▲ 60.7% |
| Amounts payable after more than one year17 | - | - | €27,286 | €27,599 | €19,935 | ▼ 27.8% |
| Financial debts170/4 | - | - | €27,286 | €27,599 | €19,935 | ▼ 27.8% |
| Amounts payable within one year42/48 | €162,811 | €274,735 | €464,888 | €185,001 | €285,118 | ▲ 54.1% |
| Current portion of amounts payable after more than one year42 | - | - | €7,701 | - | - | - |
| Financial debts43 | - | €151,404 | €189,434 | €58,149 | €105,552 | ▲ 81.5% |
| Credit institutions430/8 | - | €151,404 | €189,434 | €58,149 | €105,552 | ▲ 81.5% |
| Trade debts44 | €60,331 | €121,261 | €257,413 | €111,375 | €172,975 | ▲ 55.3% |
| Suppliers440/4 | - | €121,261 | €257,413 | €111,375 | €172,975 | ▲ 55.3% |
| Taxes, remuneration and social security45 | - | €2,070 | €10,340 | €15,477 | €6,591 | ▼ 57.4% |
| Taxes450/3 | - | - | - | - | €6,591 | - |
| Remuneration and social security454/9 | - | €2,070 | €10,340 | €15,477 | - | - |
| Accrued charges and deferred income492/3 | - | €30,998 | €41,922 | €1,097 | €38,363 | ▲ 3,399% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,232 | -€82,862 | €19,632 | €84,979 | -€114,275 | ▼ 234% |
| + Depreciation and write-downs630 | €13,902 | €9,582 | €9,677 | €11,975 | €10,194 | ▼ 14.9% |
| Operating cash flow (approximation) | -€25,329 | -€73,280 | €29,309 | €96,954 | -€104,081 | ▼ 207% |
| Investment in fixed assets (approximation) | - | -€17,730 | -€8,706 | -€10,113 | -€1,932 | ▲ 80.9% |
| Change in cash | - | -€72 | -€76 | €0 | €0 | - |
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
2026
20-08
State Gazette act
MiscellaneousCapital contribution · Declaration5 facts ▸
State Gazette act
Miscellaneous
Capital contribution · Declaration5 facts ▸
- General meeting, 18-08-2026
- Capital contribution, €30.000
- Declaration, deponeringovereenkomstigWetboekvanvennootschappenenverenigingen, deponeringheeftplaatsgevonden
- Other statement, bijlage, eensluidendeuittreksel
- Other statement, bekendtemakenkopienaneerleggingvandeaktetergriffie, 26354202
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet -€114,275
Net result drops to -€114,275, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €84,979 ▲333%
Operating result €105,872, net result €84,979, both a record.
31-12
Financial
Equity above €200,000Eq €247,669 ▲52.2%
2 profitable years in a row build equity to €247,669.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,632
Net result €19,632 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €162,690 ▲13.7%
Equity rises from €143,058 to €162,690.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €265,152 ▲42.2%
2 profitable years in a row build equity to €265,152.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herenthout · 1 establishment unit since 1990
Ground area
4,068 m²
Building footprint
1,090 m²
Volume, LiDAR
3,423 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA ALTUS
since 19902.016.298.715
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0379/00E002 | Flanders | 3,449 m² | 1 · 957 m² | 7.1 m · 1 fl. |
| 13005B0009/00K004 | Flanders | 618 m² | 1 · 132 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Contribution
act of 20-08-2026 ↗
- MarkSmans 30,000 EUR in cash
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 6,521 EUR awarded · 4,224 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,567 EUR | 648 EUR |
| 2024 | 1 | 0 EUR | 3,576 EUR |
| 2023 | 1 | 3,954 EUR | 0 EUR |
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Of 473 companies in sector 46842 we hold annual accounts for 346. 221 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
Founded25-04-1979
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419418793
Also
9925:BE0419418793
Registered
09-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.