Alt-U

Active

Private limited companyfounded 20215 yrs activeJaargetijdenlaan 110, 1050 Elsene, BelgiumKBO/BCE: BE 0768.873.666

Summary

The computed 12-month bankruptcy probability of Alt-U is 5.8% (elevated). The 2024 annual accounts show equity of €3k and a net result of €6k. Equity is growing by ~167.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency42▲+42

Growth52=

Track record94

Bankruptcy probability, 12 months

5.8% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.22 against 0.74 in 2023; short-term debt: 80.6% and cash: 0.7% of total assets), and 82.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+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

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

17.3%

Return on assets

36.6%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-01-2026, 158 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

158 d late

2023

29 d late

2022

70 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, full schema

Turnover

€7k▼ 48.7%

2022 · €14k

2022: €14k

2022 → 2023

EBIT margin

52.6%▲ 101.2pp

2022 · -48.5%

2022: -48.5%

2022 → 2023

Net result

€6k▲ 51.5%

2023 · €4k

2022: €-7k 2023: €4k

2022 → 2024

Working capital

€3k

2023 · €-3k

2022: €-8k 2023: €-3k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€14k-€7k▼ 48.7%

Equity€-7k-€-3k▲ 57.9%€3k

Operating result€-7k-€4k€7k▲ 82.1%

Net result€-7k-€4k€6k▲ 51.5%

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2024 is 82% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €16k

98.6%

Fixed assets €220 ▼ 61.7%

Current assets €16k ▲ 64.5%

Equity and liabilities €16k

17.3%

82.7%

Equity €3k

Debt €13k

Debt finances 82.7% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▲

2023 · €4k

Cash flow

€6k▲

2023 · €4k

Current ratio

1.22▲

2023 · 0.74

Debt to equity

4.77▲

2023 · -4.61

ROE

211.3%

ROA

36.6%▼

2023 · 38.0%

Debt ≤ 1 year

€13k▼

2023 · €13k

Income taxes

€1k

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 · 37 lines

Balance sheet Code20232024

Assets

Total assets20/58€10k€16k▲

Fixed assets21/28€573€220▼

Tangible fixed assets22/27€573€220▼

Furniture and vehicles24€573€220▼

Current assets29/58€10k€16k▲

Amounts receivable within one year40/41€7k€16k▲

Trade receivables40€600€4k▲

Other amounts receivable41€7k€12k▲

Cash at bank and in hand54/58€2k€119▼

Equity and liabilities

Total equity and liabilities10/49€10k€16k▲

Equity10/15€-3k€3k▲

Contributions10/11€100€100=

Profit (loss) carried forward14€-3k€3k▲

Amounts payable17/49€13k€13k▲

Amounts payable within one year42/48€13k€13k▼

Trade debts44€1k€1k▲

Suppliers440/4€1k€1k▲

Taxes, remuneration and social security45€2k€1k▼

Taxes450/3€2k€1k▼

Other amounts payable47/48€10k€10k=

Accrued charges and deferred income492/3-€334

Income statement Code20232024

Turnover70€7k-

Goods, raw materials, services and sundry goods60/61€3k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€357€354▼

Other operating charges640/8€244-

Gross operating margin9900€4k€7k▲

Operating profit (loss)9901€4k€7k▲

Financial income75/76B€217-

Recurring financial income75€217-

Financial charges65/66B€121-

Recurring financial charges65€121-

Profit (loss) for the period before taxes9903€4k€7k▲

Income taxes67/77-€1k

Profit (loss) for the period9904€4k€6k▲

Profit (loss) for the period to be appropriated9905€4k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-3k€3k▲

Profit (loss) brought forward from the previous period14P€-7k€-3k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2026

05-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 158 days late

2024

31-12

Financial Highest result since 2022net €6k ▲51.5%

Operating result €7k, net result €6k, both a record.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Elsene · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Jaargetijdenlaan 1101050 Elsene

Ground area

397 m²

Building footprint

146 m²

Volume, LiDAR

1,551 m³

Parcel 21445C0272/00B003, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Jaargetijdenlaan 110, 1050 Elsene

Printing and reproduction of recorded media

since 20212.318.470.343

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21445C0272/00B003	Brussels	397 m²	1 · 146 m²	15.3 m · 4 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.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-05-2021

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

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