Skip to content

ALTEBRA

Active
Public limited companyfounded 1990active for 36 yearsHasseltkouter(Oph) 53, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0440.797.494
Summary

ALTEBRA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.2m and a net result of €13.0m. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 21% of 2,421 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Plumbing work
NACE 43221
Largest company by total assets in Geraardsbergen3 sites
Size
€60.6mturnover 2025
Staff
101.3 FTE
Equity
€34.2m
Profit
€13.0m
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
Studeco · 100%
Holdings
14
Accounts 23 days early5 of 16 deeds read
Why 82raises riskLiquidity: current ratio 0.87, cash €6.2mEquity €34.2m (20.7% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 53% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2024
Average
Solvency 46-15
equity 20.7% of total assets
Liquidity 50+12
short-term debt 16.9% · cash 3.7%
Profitability 56-22
return on assets 7.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (244 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.6%● unchanged vs 08-2026highest value 10-2026: 0.6%● unchanged vs 09-2026highest value
Credit of up to €2,800,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.87, compared with 0.8 in 2024, below 1; short-term debt: 16.9% and cash: 3.7% of total assets), and 79.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized): better than 24% on solvency, 73% on liquidity, 34% on profitability and 81% on growth.

The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.87, cash €6.2m
NBB · annual accounts
raises risk · Equity €34.2m (20.7% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2421 sector peers (2025).
NBB · sector comparison
Position among 2421 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
15 days early
2023
35 days early
2022
27 days early
2021
31 days early
2020
32 days early
2020
19 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
20-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Sofindev Management NV, Sofindev V…Permanent representatives: Sven Vandewiele, Carlo…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Algemene Vergadering - BoekjaarGeneral meeting

Key points

  • Positive: Result rose in 2025from €6.6m to €13.0m ▲ 96.3% View
  • Positive: Largest company by total assets in Geraardsbergenin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €13.0m 8 years View
  • Controlled by Studecoultimately: Altenova 100% View

By topic

Financials

Financial year
2025
Turnover
€60.6m
Profit
€13.0m
Solvency
20.7%
Turnover▲ 9.6%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
Studeco · 100%
  • Karel De CockDirector
  • SOFINDEV MANAGEMENTDirector
  • Sofindev VIDirector
Go to Board & ownership

Network & group

Group
Altenova
Subsidiaries
7
Holdings
14
Connected companies
16

14 holdings

Go to Network & group

Timeline

Events
45
Since
1992
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2019 to 2025
  2. 31-12-2025Equity above €25m
  3. 22-07-2025Resignation: SOFINDEV V COMMV (director)
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Plumbing workNACE 43221
Founded
06-06-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Financial year
From 1 October to 30 September
Annual meeting
Second Friday of March at 13:00
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.