Equity
€1.6m ▲ 1.9%
ALTUS paid out €152,677 in dividends. That is 84% of the 2025 profit.
ALTUS
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2001peak €816,987 (2024)
€706,268▼ 13.6%
peak €405,001 (2019)
€182,384▼ 45.6%
peak €1.6m (2025)
€1.6m▲ 1.9%
€842,090▼ 6.0%
peak 4.6 FTE (2025)
4.6 FTE▲ 17.9%
Board5 names since 2019
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €816,987 to €706,268Result from €335,152 to €182,384Staff from 3.9 FTE to 4.6 FTEDividend €152,677
Key points
from the 2025 annual accountsResult
€182,384 ▼ 45.6%
The result fell in 2025 from €335,152 to €182,384.
Turnover
≈ €3.6m estimated
The abbreviated format states no turnover.
Staff
4 employees on 31-12-2025
In 2025, 3 people joined and 3 left.
Filings
25 annual accounts 26 filings since 2001
Ten of the last ten came late. The 2017 accounts came latest: 100 days after the end of the period.
Position in the sector
€1.6m
More equity than 81% of companies in wholesale trade. Sector median €493,293 · 10,732 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,386 companies had the same profile as ALTUS has now. Each dot stands for 79 companies, two years later.
93.4%
were still trading
6.0%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,386 companies, not a prediction for ALTUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0467003827
Appointments: (statutory director) and (successor director)
Gazette deed
Registered office moved within Bruges
New registered office: Kolvestraat 5 te 8000 Brugge · Previous registered office: Monnikenwerve 38-40 te 8000 Brugge · Resignation: (director) · General meeting of 08-09-2020 · Gazette deed
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALTUS Bruges | €2.5m | €0.7m | 63.9% | 4.6 |
| RITEC Deinze | €2.1m | €0.9m | 68.9% | 5.4 |
| THERMOBRASS Aarschot | €3.6m | €0.6m | 60.1% | 3.5 |
| Optimax Gereedschappen Lille | €1.8m | €0.6m | 49.9% | 3.4 |
| MALLENTJER Grimbergen | €3.1m | €0.5m | 78.9% | 5.6 |
| ANEMO ENGINEERING Diksmuide | €2.4m | €1.3m | 70.2% | 5.9 |
| TOTAL INDUSTRIAL SUPPLIES & OUTSOURCING Ghent | €1.7m | €0.5m | 64.2% | 5.2 |
These companies have the same main activity as ALTUS: wholesale trade (NACE 46841). They are comparable in size and age: total assets between €1.7m and €3.6m, founded between 1995 and 2004.
Official details
Source: KBO- Status
- Active since 06-10-1999Normal situation
- Activity
- Wholesale tradeNACE 46841and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.099.213.7218000 Bruges, since 15-12-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on ALTUS
ALTUS files the abbreviated format. That format states no turnover. The gross margin rose from €80,929 in 2007 to €706,268 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALTUS
- What is the company number of ALTUS?
- The company number of ALTUS is 0467.003.827. The VAT number is the same number with BE in front: BE 0467.003.827.
- Where is ALTUS based?
- The registered office is at Kolvestraat 5, 8000 Bruges.Company details
- What does ALTUS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46841).
- What is the legal form of ALTUS?
- ALTUS is a public limited company (NV).
- When was ALTUS founded?
- ALTUS was founded on 06-10-1999.
- Is ALTUS still active?
- Yes, ALTUS is an active enterprise in the KBO register.
- How many employees does ALTUS have?
- ALTUS had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ALTUS fall under?
- In its 2025 annual accounts, ALTUS states joint committees 200 (Auxiliary committee for white-collar workers) and 149.04 (Metal trade).
- What is the turnover of ALTUS?
- The turnover in financial year 2025 is ≈ €3.6m. This figure is estimated from the gross margin of €706,268 and 139 comparable companies (NACE 46). It probably lies between €2.3m and €6.1m.
- Is ALTUS profitable?
- In financial year 2025, ALTUS made a profit of €182,384.
- Where can I find the annual accounts of ALTUS?
- ALTUS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALTUS due?
- ALTUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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