ALBA Group
ActiveThe computed 12-month bankruptcy probability of ALBA Group is 2.1% (moderate). The 2024 annual accounts show equity of €42k and a net result of €20k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 36376 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+14
Solvency60▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 1.27 in 2023; short-term debt: 24.3% and cash: 30% of total assets), but 65% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
35%
Return on assets
16.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
58 d late
2022
59 d late
2021
31 d late
2020
62 d late
2019
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€42k▲ 91.6%
2023 · €22k
2018: €384
2019: €3k
2020: €12k
2021: €-32k
2022: €16k
2023: €22k
2018 → 2024
Total assets
€121k▲ 20.1%
2023 · €101k
2018: €27k
2019: €25k
2020: €43k
2021: €62k
2022: €61k
2023: €101k
2018 → 2024
Net result
€20k▲ 236%
2023 · €6k
2018: €4k
2019: €2k
2020: €8k
2021: €-44k
2022: €48k
2023: €6k
2018 → 2024
Working capital
€86k▲ 337%
2023 · €20k
2018: €-8k
2019: €-11k
2020: €5k
2021: €-34k
2022: €14k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€-32k€16k€22k▲ 37.5%€42k▲ 91.6%
Operating result€9k-€-43k€50k€8k▼ 83.4%€28k▲ 242%
Net result€8k-€-44k€48k€6k▼ 87.5%€20k▲ 236%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 242% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121k
Fixed assets
€6k▼ 19.3%
Current assets
€115k▲ 23.3%
Equity and liabilities €121k
Equity
€42k▲ 91.6%
Debt
€79k▼ 0.1%
The debt ratio falls from 78.0% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2023 · €12k
Cash flow
€24k▲
2023 · €9k
Solvency
35.0%▲
2023 · 22.0%
Current ratio
3.91▲
2023 · 1.27
Quick ratio
3.91▲
2023 · 1.27
Debt / equity
1.85▼
2023 · 3.56
ROE
47.8%▲
2023 · 27.3%
ROA
16.8%▲
2023 · 6.0%
Interest coverage
17.68▼
2023 · 19.43
Debt
€79k▼
2023 · €79k
Debt ≤ 1 year
€29k▼
2023 · €74k
Debt > 1 year
€49k▲
2023 · €5k
Income taxes
€8k▲
2023 · €2k
Staff costs
€120k▲
2023 · €96k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€101k€121k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€8k€4k▼
Current assets29/58€93k€115k▲
Amounts receivable within one year40/41€85k€75k▼
Trade receivables40€83k€40k▼
Other amounts receivable41€3k€35k▲
Cash at bank and in hand54/58€8k€36k▲
Deferred charges and accrued income490/1€41€4k▲
Equity and liabilities
Total equity and liabilities10/49€101k€121k▲
Equity10/15€22k€42k▲
Contributions10/11€15k€15k=
Outside capital11€15k€15k=
Share premium1100/10€15k-
Other1109/19-€15k
Profit (loss) carried forward14€7k€27k▲
Amounts payable17/49€79k€79k▼
Amounts payable after more than one year17€5k€49k▲
Financial debts170/4€5k€49k▲
Amounts payable within one year42/48€74k€29k▼
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€60k€16k▼
Suppliers440/4€60k€16k▼
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€6k€715▼
Income statement
Code20232024
Remuneration, social security and pensions62€96k€120k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€442€945▲
Gross operating margin9900€108k€153k▲
Operating profit (loss)9901€8k€28k▲
Financial income75/76B€494€2k▲
Recurring financial income75€494€2k▲
Financial charges65/66B€593€2k▲
Recurring financial charges65€593€2k▲
Profit (loss) for the period before taxes9903€8k€28k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€6k€20k▲
Profit (loss) for the period to be appropriated9905€6k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€27k▲
Profit (loss) brought forward from the previous period14P€1k€7k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 3.91
Current ratio from 1.27 to 3.91; short-term debt falls from €74k to €29k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.38
Current ratio from 0.58 to 1.38; short-term debt falls from €82k to €36k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-44k ▼623%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.47 to 1.15.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Evere · 1 establishment unit since 2017
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.
Kolonel Bourgstraat 127-1291140 EvereGround area
3,304 m²
Building footprint
1,528 m²
Volume, LiDAR
18,106 m³
Parcel 21372C0123/00R000, Brussels · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
.
since 20172.258.850.975
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0123/00R000 | Brussels | 3,304 m² | 1 · 1,528 m² | 21.8 m · 5 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesALBA Group SRL45574
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,659. 4,380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.albagroup.be
E-mail:info@albagroup.be