ALB GROUP
Bankruptcy closedInactive since 01-07-2026; last annual accounts for fiscal year 2022.
Summary
ALB GROUP was declared bankrupt on 19-11-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 30-06-2026, published in the Belgian State Gazette on 03-07-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2023
not filed
2022
60 d late
2021
362 d late
2020
94 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 172 days after the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€169,711
EBIT margin
-6.0%
Net result
-€10,247
2021 · €12,757
Working capital
€2,559▼ 81.2%
2021 · €13,596
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€169,711
Operating result€586-€12,832▲ 2,090%-€10,179
Net result€97within the sector's middle half-€12,757within the sector's middle half▲ 13,052%-€10,247below the sector's middle half
EBIT margin-6.0%
Equity€1,597within the sector's middle half-€14,354within the sector's middle half▲ 799%€4,107within the sector's middle half▼ 71.4%
Total assets€5,943below the sector's middle half-€20,774below the sector's middle half▲ 250%€19,210below the sector's middle half▼ 7.5%
Debt€4,346-€6,420▲ 47.7%€15,103▲ 135%
Working capital€586within the sector's middle half-€13,596within the sector's middle half▲ 2,220%€2,559within the sector's middle half▼ 81.2%
Solvency26.9%within the sector's middle half-69.1%above the sector's middle half▲ 42.2pp21.4%within the sector's middle half▼ 47.7pp
Current ratio1.13within the sector's middle half-3.12above the sector's middle half▲ 1.981.17within the sector's middle half▼ 1.95
Return on assets (ROA)1.6%within the sector's middle half-61.4%above the sector's middle half▲ 59.8pp-53.3%below the sector's middle half▼ 114.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €10,179 after €12,832 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €19,210
Fixed assets
€1,548 ▲ 104%
Current assets
€17,662 ▼ 11.8%
Equity and liabilities €19,210
Equity
€4,107 ▼ 71.4%
Debt
€15,103 ▲ 135%
Debt's share of the balance-sheet total rises from 30.9% to 78.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,825▼
2021 · €13,085
Cash flow
-€9,893▼
2021 · €13,010
Quick ratio
0.94▼
2021 · 2.57
Debt to equity
3.68▲
2021 · 0.45
ROE
-249.5%▼
2021 · 88.9%
Interest coverage
-142.39▼
2021 · 136.30
Debt ≤ 1 year
€15,103▲
2021 · €6,420
Staff costs
€10,873▲
2021 · €3,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €169,711 | - |
| Remuneration, social security and pensions62 | - | €3,408 | €10,873 | ▲ 219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253 | €253 | €354 | ▲ 39.9% |
| Other operating charges640/8 | - | - | €1,949 | - |
| Gross operating margin9900 | €4,066 | €16,493 | €2,997 | ▼ 81.8% |
| Operating profit (loss)9901 | €586 | €12,832 | -€10,179 | ▼ 179% |
| Financial income75/76B | - | €21 | €1 | ▼ 95.2% |
| Recurring financial income75 | - | €21 | €1 | ▼ 95.2% |
| Financial charges65/66B | - | €96 | €69 | ▼ 28.1% |
| Recurring financial charges65 | €489 | €96 | €69 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €97 | €12,757 | -€10,247 | ▼ 180% |
| Profit (loss) for the period9904 | €97 | €12,757 | -€10,247 | ▼ 180% |
| Profit (loss) for the period to be appropriated9905 | €97 | €12,757 | -€10,247 | ▼ 180% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5,943 | €20,774 | €19,210 | ▼ 7.5% |
| Fixed assets21/28 | €1,011 | €758 | €1,548 | ▲ 104% |
| Tangible fixed assets22/27 | €1,011 | €758 | €1,548 | ▲ 104% |
| Plant, machinery and equipment23 | - | €758 | €947 | ▲ 24.9% |
| Furniture and vehicles24 | - | - | €601 | - |
| Current assets29/58 | €4,932 | €20,016 | €17,662 | ▼ 11.8% |
| Stocks and contracts in progress3 | €3,500 | €3,500 | €3,500 | = |
| Stocks30/36 | - | €3,500 | €3,500 | = |
| Amounts receivable within one year40/41 | €354 | €9,395 | €11,232 | ▲ 19.6% |
| Trade receivables40 | - | €2,491 | €3,156 | ▲ 26.7% |
| Other amounts receivable41 | - | €6,904 | €8,076 | ▲ 17.0% |
| Cash at bank and in hand54/58 | €1,078 | €7,121 | €2,930 | ▼ 58.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5,943 | €20,774 | €19,210 | ▼ 7.5% |
| Equity10/15 | €1,597 | €14,354 | €4,107 | ▼ 71.4% |
| Contributions10/11 | - | €1,500 | €1,500 | = |
| Reserves13 | €97 | €12,854 | €12,854 | = |
| Distributable reserves133 | - | €12,854 | €12,854 | = |
| Profit (loss) carried forward14 | - | - | -€10,247 | - |
| Amounts payable17/49 | €4,346 | €6,420 | €15,103 | ▲ 135% |
| Amounts payable within one year42/48 | €4,346 | €6,420 | €15,103 | ▲ 135% |
| Trade debts44 | - | €5,503 | €10,208 | ▲ 85.5% |
| Suppliers440/4 | - | €5,503 | €10,208 | ▲ 85.5% |
| Taxes, remuneration and social security45 | - | €917 | €4,895 | ▲ 434% |
| Taxes450/3 | - | €917 | €4,353 | ▲ 375% |
| Remuneration and social security454/9 | - | - | €542 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €97 | €12,757 | -€10,247 | ▼ 180% |
| + Depreciation and write-downs630 | €253 | €253 | €354 | ▲ 39.9% |
| Operating cash flow (approximation) | €350 | €13,010 | -€9,893 | ▼ 176% |
| Investment in fixed assets (approximation) | - | €0 | -€1,144 | - |
| Change in cash | - | €6,043 | -€4,191 | ▼ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
03-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 30-06-2026
2024
16-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 19-11-2024
29-11
KBO administration
Address struck
Meulesteedse- L’adresse du siège Meulesteedsesteenweg 1 Die Sitzadresse Meulesteedsesteenweg 1 9000
steenweg 1 9000 Gent werd doorgehaald met 9000 Gent · event 15-10-2024
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 362 days late
2022
31-12
Financial
Weakest financial yearnet -€10,247
Net result drops to -€10,247, the lowest in the series.
2021
31-12
Financial
Highest result since 2020net €12,757 ▲13,052%
Operating result €12,832, net result €12,757, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.12
Current ratio from 1.13 to 3.12.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent
Ground area
155 m²
Building footprint
156 m²
Volume, LiDAR
1,146 m³
Parcel 44021A3292/02A000, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3292/02A000 | Flanders | 155 m² | 1 · 156 m² | 13.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT DEFREYNE Kortrijksesteenweg 361, 9000 Gent |
19-11-2024 → 30-06-2026 |
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Company details
Identification
Legal formPrivate limited company
Founded06-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.