ALBAKOR
ActiveThe computed 12-month bankruptcy probability of ALBAKOR is 4.7% (elevated). The 2024 annual accounts show equity of €28k and a net result of €-8k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 15868 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▼-8
Solvency36▼-2
Growth65▼-20
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 0.58 in 2023; short-term debt: 89.2% and cash: 10.5% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
10.8%
Return on assets
-3.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
93 d early
2022
38 d early
2021
6 d early
2020
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€983k▼ 31.6%
2023 · €1.44M
2020: €525k
2021: €808k
2022: €1.10M
2023: €1.44M
2020 → 2024
EBIT margin
0.0%▼ 1.4pp
2023 · 1.4%
2020: 0.5%
2021: 1.3%
2022: 0.7%
2023: 1.4%
2020 → 2024
Net result
€-8k
2023 · €14k
2020: €2k
2021: €9k
2022: €4k
2023: €14k
2020 → 2024
Working capital
€-87k▲ 13.3%
2023 · €-101k
2020: €-10k
2021: €-13k
2022: €-105k
2023: €-101k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€525k-€808k▲ 53.8%€1.10M▲ 36.0%€1.44M▲ 30.9%€983k▼ 31.6%
Equity€10k-€18k▲ 87.8%€23k▲ 23.5%€37k▲ 62.3%€28k▼ 22.8%
Operating result€3k-€11k▲ 311%€8k▼ 26.6%€20k▲ 157%€-132
Net result€2k-€9k▲ 275%€4k▼ 49.8%€14k▲ 228%€-8k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €132 after €20k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264k
Fixed assets
€116k▼ 15.8%
Current assets
€148k▲ 8.3%
Equity and liabilities €264k
Equity
€28k▼ 22.8%
Debt
€235k▼ 0.9%
The debt ratio rises from 86.5% to 89.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2023 · €42k
Cash flow
€13k▼
2023 · €36k
Solvency
10.8%▼
2023 · 13.5%
Current ratio
0.63▲
2023 · 0.58
Quick ratio
0.34▼
2023 · 0.38
Debt / equity
8.26▲
2023 · 6.43
ROE
-29.6%▼
2023 · 38.4%
ROA
-3.2%▼
2023 · 5.2%
Interest coverage
9.25▼
2023 · 80.09
Debt
€235k▼
2023 · €237k
Debt ≤ 1 year
€235k▼
2023 · €237k
Income taxes
€6k▲
2023 · €5k
Staff costs
€59k▲
2023 · €56k
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€274k€264k▼
Fixed assets21/28€138k€116k▼
Tangible fixed assets22/27€111k€86k▼
Plant, machinery and equipment23€20k€16k▼
Furniture and vehicles24€91k€69k▼
Financial fixed assets28€26k€30k▲
Current assets29/58€136k€148k▲
Stocks and contracts in progress3€46k€68k▲
Stocks30/36€46k€68k▲
Amounts receivable within one year40/41€30k€52k▲
Trade receivables40-€34k
Other amounts receivable41€30k€18k▼
Cash at bank and in hand54/58€58k€28k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€274k€264k▼
Equity10/15€37k€28k▼
Contributions10/11€8k€8k=
Capital10€8k€8k=
Issued capital100€8k€8k=
Profit (loss) carried forward14€29k€21k▼
Amounts payable17/49€237k€235k▼
Amounts payable within one year42/48€237k€235k▼
Trade debts44€165k€194k▲
Suppliers440/4€165k€194k▲
Advances received on contracts in progress46€57k€34k▼
Taxes, remuneration and social security45€15k€7k▼
Remuneration and social security454/9€15k€7k▼
Income statement
Code20232024
Turnover70€1.44M€983k▼
Non-recurring operating income76A€3k€9k▲
Goods, raw materials, services and sundry goods60/61€1.34M€907k▼
Remuneration, social security and pensions62€56k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€103k€85k▼
Operating profit (loss)9901€20k€-132▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€526€2k▲
Non-recurring financial charges66B€760-
Profit (loss) for the period before taxes9903€19k€-2k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€14k€-8k▼
Profit (loss) for the period to be appropriated9905€14k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€21k▼
Profit (loss) brought forward from the previous period14P€15k€29k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼159%
Net result drops to €-8k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €14k ▲228%
Operating result €20k, net result €14k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2019
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.
Alsembergse Steenweg 151060 Sint-Gillis (bij-Brussel)Ground area
260 m²
Building footprint
261 m²
Volume, LiDAR
2,155 m³
2 parcels, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ALBAKOUR
since 20192.297.957.912
BOUTIQUE CHAM
since 20222.356.571.052
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0171/00V011 | Brussels | 184 m² | 1 · 185 m² | 14.2 m · 2 fl. |
| 21464E0002/00T002 | Brussels | 76 m² | 1 · 76 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.297.957.912
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Of 183 companies in sector 46411 we hold annual accounts for 112. 67 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL
46411Wholesale trade
46419Wholesale trade
46389Wholesale of other food products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.