ACTIVE

ALTUS

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Financial year 2025 · closed on 30/06/2025

Net result

13 k €

+102.8% YoY

Gross margin

118,1 k €

-31.8% YoY

Equity

238,2 k €

+5.8% YoY

What does ALTUS do?

ALTUS is a Public limited company incorporated in 1991. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Lier.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.176.748

Incorporation

17/09/1991

Legal form

Public limited company

Registered office

Tallaart 38
2500 Lier · FlandreSee on map

Contributed capital

82 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	118,1 k €	-31.8%	173,1 k €	+24.8%	138,6 k €	+8.2%	128,2 k €	+19.4%	107,3 k €	+25.9%	85,3 k €	-16.4%	102 k €	+437%	-30,3 k €	-135%	87,8 k €	-20.1%	109,9 k €	+104%	53,9 k €	-49.6%	106,8 k €	+20.1%	88,9 k €	+27.8%	69,6 k €	-7.8%	75,5 k €	+28.1%	58,9 k €	-53.8%	127,7 k €	+44.1%	88,7 k €
EBITDA	89,3 k €	-40.7%	150,6 k €	+12.4%	134 k €	+24.1%	108 k €	+4.7%	103,2 k €	+41.3%	73 k €	-26.4%	99,1 k €	+320%	-45,1 k €	-155%	82,1 k €	-23.7%	107,6 k €	+134%	46 k €	-55.8%	104,1 k €	+18.2%	88 k €	+29.7%	67,9 k €	+3.1%	65,8 k €	+14.1%	57,7 k €	-52.0%	120,2 k €	+50.6%	79,8 k €
Operating result	21,2 k €	-54.6%	46,7 k €	+27.2%	36,7 k €	+115%	17,1 k €	+9.4%	15,6 k €	+273%	-9 k €	-129%	30,8 k €	+129%	-106,2 k €	-382%	37,7 k €	-40.3%	63,1 k €	+240%	-45,2 k €	-203%	43,9 k €	+70.8%	25,7 k €	+483%	-6,7 k €	+72.0%	-24 k €	-25.7%	-19,1 k €	-141%	46,9 k €	+608%	6,6 k €
Net result	13 k €	+103%	-467,6 k €	-2042%	24,1 k €	+191%	8,3 k €	+17.4%	7 k €	+129%	-24,5 k €	-353%	9,7 k €	+107%	-144,3 k €	-708%	23,8 k €	-90.6%	253,6 k €	-38.2%	410,5 k €	+1338%	28,5 k €	-21.8%	36,5 k €	+23.8%	29,5 k €	+151%	-57,4 k €	-13.7%	-50,5 k €	-369%	18,8 k €	-56.9%	43,6 k €
Balance sheet
Equity	238,2 k €	+5.8%	225,1 k €	-67.5%	692,7 k €	+3.6%	668,7 k €	+1.3%	660,4 k €	+1.1%	653,3 k €	-3.6%	677,8 k €	+1.4%	668,1 k €	-17.8%	812,5 k €	+3.0%	788,7 k €	+47.4%	535,1 k €	+329%	124,6 k €	+1666%	-8 k €	+82.1%	-44,5 k €	+39.9%	-73,9 k €	-346%	-16,6 k €	-149%	33,9 k €	+124%	15,1 k €
Total assets	2,3 M €	+17.2%	1,9 M €	-14.9%	2,3 M €	+0.3%	2,3 M €	-2.1%	2,3 M €	+19.6%	1,9 M €	+3.0%	1,9 M €	-0.9%	1,9 M €	+32.5%	1,4 M €	-0.5%	1,4 M €	+4.2%	1,4 M €	+41.2%	971,9 k €	-4.5%	1 M €	-11.7%	1,2 M €	-23.4%	1,5 M €	+13.4%	1,3 M €	+1.6%	1,3 M €	-5.2%	1,4 M €
Cash	142,8 k €	+316497%	45,1 €	+0.2%	45 €	-98.5%	3 k €	-80.2%	15,3 k €	-59.2%	37,6 k €	-28.9%	52,9 k €	-53.3%	113,3 k €	-53.5%	243,6 k €	+27.2%	191,6 k €	+97.6%	97 k €	+959%	9,2 k €	-36.9%	14,5 k €		–		4,7 k €	-62.3%	12,5 k €	-17.4%	15,1 k €	+61.7%	9,4 k €
Debts	1,9 M €	+26.6%	1,5 M €	+11.2%	1,3 M €	+0.1%	1,3 M €	-2.9%	1,4 M €	+39.2%	989,5 k €	+10.4%	896,4 k €	-0.9%	904,3 k €	+213%	289,1 k €	-8.7%	316,6 k €	-49.6%	628,8 k €	-15.7%	745,5 k €	-8.9%	818 k €	-16.2%	976,7 k €	-28.2%	1,4 M €	+21.5%	1,1 M €	+7.3%	1 M €	-7.8%	1,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 13 ended

Active mandates

Inge Mens

Managing director · since 24 septembre 2018 · until 24 septembre 2030

Active

Olivier Douchy

Director · since 24 septembre 2018 · until 24 septembre 2030

Active

Maria Luytens

Director · since 19 septembre 1991 · until 30 septembre 2030

Active

Ended mandates

Olivier Douchy

Director · since 29 septembre 2018 · until 30 septembre 2024

Ended

Inge Mens

Managing director · since 24 septembre 2018 · until 30 septembre 2024

Ended

Olivier Douchy

Director · since 24 septembre 2018 · until 30 septembre 2024

Ended

Inge Mens

Managing director · since 01 juillet 2015 · until 29 septembre 2018

Ended

At this address

Other companies at this address

Company	CBE no.
THIBAU● Active	0817.195.997

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/01/2026	08/01/2025	02/10/2024	03/02/2023	03/01/2022	24/12/2020
General meeting	29/09/2025	30/09/2024	25/09/2023	26/09/2022	27/09/2021	28/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	29/09/2025	21/01/2026	Dutch	PDF
Micro model	30/06/2024	30/09/2024	08/01/2025	Dutch	PDF
Micro model	30/06/2023	25/09/2023	02/10/2024	Dutch	PDF
Micro model	30/06/2022	26/09/2022	03/02/2023	Dutch	PDF
Micro model	30/06/2021	27/09/2021	03/01/2022	Dutch	PDF
Micro model	30/06/2020	28/09/2020	24/12/2020	Dutch	PDF
Micro model	30/06/2019	30/09/2019	07/01/2020	Dutch	PDF
Micro model	30/06/2018	24/09/2018	02/01/2019	Dutch	PDF
Micro model	30/06/2017	25/09/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	26/09/2016	06/02/2017	Dutch	PDF
Abridged model	30/06/2015	28/09/2015	25/02/2016	Dutch	PDF
Abridged model	30/06/2014	29/09/2014	05/01/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	21/01/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	13/02/2013	Dutch	PDF
Abridged model	30/06/2011	26/09/2011	05/12/2011	Dutch	PDF
Abridged model	30/06/2010	27/09/2010	06/12/2010	Dutch	PDF
Abridged model	30/06/2009	28/09/2009	03/11/2009	Dutch	PDF
Abridged model	30/06/2008	29/09/2008	06/11/2008	Dutch	PDF
Abridged model	30/06/2007	24/09/2007	05/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 13 ended

Active mandates

Inge Mens

Managing director · since 24 septembre 2018 · until 24 septembre 2030

Active

Olivier Douchy

Director · since 24 septembre 2018 · until 24 septembre 2030

Active

Maria Luytens

Director · since 19 septembre 1991 · until 30 septembre 2030

Active

Ended mandates

Olivier Douchy

Director · since 29 septembre 2018 · until 30 septembre 2024

Ended

Inge Mens

Managing director · since 24 septembre 2018 · until 30 septembre 2024

Ended

Olivier Douchy

Director · since 24 septembre 2018 · until 30 septembre 2024

Ended

Inge Mens

Managing director · since 01 juillet 2015 · until 29 septembre 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other19/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/04/2008
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DOEL
PDF
Restructuring27/11/2007
DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates02/04/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513 k €↑
2024
Annual accounts 2024-467,6 k €↓
2023
Annual accounts 202324,1 k €↑
2022
Annual accounts 20228,3 k €↑
2021
Annual accounts 20217 k €↑
2020
Annual accounts 2020-24,5 k €↓
2019
Annual accounts 20199,7 k €↑
2018
Annual accounts 2018-144,3 k €↓
2017
Annual accounts 201723,8 k €↓
2016
Annual accounts 2016253,6 k €↓
2015
Annual accounts 2015410,5 k €↑
2014
Annual accounts 201428,5 k €↓
2013
Annual accounts 201336,5 k €↑
2012
Annual accounts 201229,5 k €↑
2011
Annual accounts 2011-57,4 k €↓
2010
Annual accounts 2010-50,5 k €↓
2009
Annual accounts 200918,8 k €↓
2008
Annual accounts 200843,6 k €
17/09/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ALTUS

Overview

What does ALTUS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline