AL-BOR WATERLOO
ActiveAL-BOR WATERLOO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €4k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 92% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 2.68 in 2024; short-term debt: 11.2% and cash: 7.1% of total assets), and 11.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.8%
Return on assets
3.7%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
50 d early
2023
7 d late
2022
28 d early
2021
11 d early
2020
1 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▲ 4.3%
2024 · €101k
2018: €16k
2019: €22k
2020: €29k
2021: €83k
2022: €84k
2023: €93k
2024: €101k
2018 → 2025
Total assets
€118k▼ 4.2%
2024 · €124k
2018: €38k
2019: €44k
2020: €48k
2021: €123k
2022: €104k
2023: €112k
2024: €124k
2018 → 2025
Net result
€4k▼ 44.0%
2024 · €8k
2018: €-30k
2019: €6k
2020: €7k
2021: €54k
2022: €804
2023: €9k
2024: €8k
2018 → 2025
Working capital
€37k▼ 4.4%
2024 · €38k
2018: €14k
2019: €-2k
2020: €10k
2021: €69k
2022: €28k
2023: €58k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€84k▲ 1.0%€93k▲ 11.0%€101k▲ 8.4%€105k▲ 4.3%
Operating result€70k-€1k▼ 98.2%€12k▲ 876%€12k▼ 2.1%€9k▼ 24.4%
Net result€54k-€804▼ 98.5%€9k▲ 1,045%€8k▼ 15.2%€4k▼ 44.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€69k▲ 9.7%
Current assets
€50k▼ 18.4%
Equity and liabilities €118k
Equity
€105k▲ 4.3%
Debt
€13k▼ 41.9%
The debt ratio falls from 18.5% to 11.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €41k
Cash flow
€31k▼
2024 · €37k
Solvency
88.8%▲
2024 · 81.5%
Current ratio
3.76▲
2024 · 2.68
Quick ratio
3.76▲
2024 · 2.68
Debt / equity
0.13▼
2024 · 0.23
ROE
4.2%▼
2024 · 7.8%
ROA
3.7%▼
2024 · 6.3%
Interest coverage
78.70▼
2024 · 68351.80
Debt
€13k▼
2024 · €23k
Debt ≤ 1 year
€13k▼
2024 · €23k
Income taxes
€4k▼
2024 · €5k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€124k€118k▼
Fixed assets21/28€62k€69k▲
Tangible fixed assets22/27€62k€69k▲
Furniture and vehicles24€62k€69k▲
Current assets29/58€61k€50k▼
Amounts receivable within one year40/41€35k€40k▲
Trade receivables40€490€15k▲
Other amounts receivable41€34k€25k▼
Cash at bank and in hand54/58€25k€8k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€124k€118k▼
Equity10/15€101k€105k▲
Contributions10/11€25k€25k=
Capital10€25k-
Issued capital100€25k-
Reserves13€3k€7k▲
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k-
Reserves not available under the articles1311-€3k
Distributable reserves133-€4k
Profit (loss) carried forward14€73k€73k=
Amounts payable17/49€23k€13k▼
Amounts payable within one year42/48€23k€13k▼
Trade debts44€15k€10k▼
Suppliers440/4€15k€10k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Remuneration and social security454/9-€534
Income statement
Code20242025
Non-recurring operating income76A€12k-
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€26k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€45k€39k▼
Operating profit (loss)9901€12k€9k▼
Financial income75/76B€1k€25▼
Recurring financial income75€1k€25▼
Financial charges65/66B€1€448▲
Recurring financial charges65€1€448▲
Profit (loss) for the period before taxes9903€13k€8k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€8k€4k▼
Profit (loss) for the period to be appropriated9905€8k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€78k▲
Profit (loss) brought forward from the previous period14P€65k€73k▲
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €101k ▲8.4%
6 profitable years in a row build equity to €101k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €54k ▲679%
Operating result €70k, net result €54k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Ternat · 1 establishment unit since 2008
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.
Meersstraat 561742 TernatGround area
635 m²
Building footprint
104 m²
Volume, LiDAR
449 m³
Parcel 23071C0231/00R000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AL-BOR WATERLOO
since 20082.174.384.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071C0231/00R000 | Flanders | 635 m² | 1 · 104 m² | 5.5 m · 1 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.
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MK-BAT
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SERTISOL
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MARILISE
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Court-Saint-Etienne · Eq €104k
Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2008
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43120Site preparation
43320Joinery installation
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.