ALBAR
ActiveSummary
The computed 12-month bankruptcy probability of ALBAR is 4.9% (elevated). The 2024 annual accounts show equity of €100,960 and a net result of €78,133. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 79% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▲+15
Growth78=
Track record86
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.79 against 2.45 in 2023; short-term debt: 26.4% and cash: 14.8% of total assets), and 26.4% of the assets are financed with debt.
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Signals
Six 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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
138 d late
2022
86 d late
2021
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Turnover
€380,328
EBIT margin
27.6%
Net result
€78,133▲ 131%
2023 · €33,829
Working capital
€100,960▲ 342%
2023 · €22,827
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€380,328
Operating result-€15,940--€5,939▲ 62.7%€33,925€104,818▲ 209%
Net result-€16,002below the sector's middle half--€6,146below the sector's middle half▲ 61.6%€33,829above the sector's middle half€78,133above the sector's middle half▲ 131%
EBIT margin27.6%
Equity-€11,002below the sector's middle half--€17,148below the sector's middle half▼ 55.9%€22,827within the sector's middle half€100,960within the sector's middle half▲ 342%
Total assets€20,875below the sector's middle half-€24,291below the sector's middle half▲ 16.4%€38,579below the sector's middle half▲ 58.8%€137,179within the sector's middle half▲ 256%
Debt€31,877-€41,439▲ 30.0%€15,752▼ 62.0%€36,219▲ 130%
Working capital-€11,002below the sector's middle half--€17,148below the sector's middle half▼ 55.9%€22,827within the sector's middle half€100,960above the sector's middle half▲ 342%
Solvency-52.7%below the sector's middle half--70.6%below the sector's middle half▼ 17.9pp59.2%within the sector's middle half▲ 129.8pp73.6%above the sector's middle half▲ 14.4pp
Current ratio0.65below the sector's middle half-0.59below the sector's middle half▼ 0.072.45within the sector's middle half▲ 1.863.79above the sector's middle half▲ 1.34
Return on assets (ROA)-76.7%below the sector's middle half--25.3%below the sector's middle half▲ 51.4pp87.7%above the sector's middle half▲ 113.0pp57.0%above the sector's middle half▼ 30.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 209% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €137,179
Equity
€100,960 ▲ 342%
Debt
€36,219 ▲ 130%
Debt's share of the balance-sheet total falls from 40.8% to 26.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,818▲
2023 · €33,925
Cash flow
€78,133▲
2023 · €33,829
Quick ratio
3.52▲
2023 · 2.45
Debt to equity
0.36▼
2023 · 0.69
ROE
77.4%▼
2023 · 148.2%
Interest coverage
163.62▼
2023 · 352.44
Debt ≤ 1 year
€36,219▲
2023 · €15,752
Income taxes
€26,044
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €380,328 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €51,694 | €274,843 | ▲ 432% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,086 | - | €0 | €0 | - |
| Other operating charges640/8 | €1,172 | - | €3,109 | €668 | ▼ 78.5% |
| Non-recurring operating charges66A | €8,000 | €400 | - | - | - |
| Gross operating margin9900 | -€5,682 | -€5,539 | €37,035 | €105,486 | ▲ 185% |
| Operating profit (loss)9901 | -€15,940 | -€5,939 | €33,925 | €104,818 | ▲ 209% |
| Financial charges65/66B | €62 | €207 | €96 | €641 | ▲ 565% |
| Recurring financial charges65 | €62 | €207 | €96 | €641 | ▲ 565% |
| Profit (loss) for the period before taxes9903 | -€16,002 | -€6,146 | €33,829 | €104,177 | ▲ 208% |
| Income taxes67/77 | - | - | - | €26,044 | - |
| Profit (loss) for the period9904 | -€16,002 | -€6,146 | €33,829 | €78,133 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | -€16,002 | -€6,146 | €33,829 | €78,133 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20,875 | €24,291 | €38,579 | €137,179 | ▲ 256% |
| Current assets29/58 | €20,875 | €24,291 | €38,579 | €137,179 | ▲ 256% |
| Stocks and contracts in progress3 | €20,000 | - | €0 | €9,800 | - |
| Stocks30/36 | - | - | - | €9,800 | - |
| Contracts in progress37 | €20,000 | - | €0 | - | - |
| Amounts receivable within one year40/41 | €95 | €4,200 | €20,582 | €107,131 | ▲ 421% |
| Trade receivables40 | - | €4,200 | €14,633 | €98,498 | ▲ 573% |
| Other amounts receivable41 | €95 | - | €5,949 | €8,633 | ▲ 45.1% |
| Cash at bank and in hand54/58 | €719 | €20,030 | €17,997 | €20,248 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €61 | €61 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20,875 | €24,291 | €38,579 | €137,179 | ▲ 256% |
| Equity10/15 | -€11,002 | -€17,148 | €22,827 | €100,960 | ▲ 342% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | - | - | - | - |
| Issued capital100 | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€16,002 | -€22,148 | €17,827 | €95,960 | ▲ 438% |
| Amounts payable17/49 | €31,877 | €41,439 | €15,752 | €36,219 | ▲ 130% |
| Amounts payable within one year42/48 | €31,877 | €41,439 | €15,752 | €36,219 | ▲ 130% |
| Trade debts44 | €2,594 | - | €15,752 | €10,175 | ▼ 35.4% |
| Suppliers440/4 | €2,594 | - | €15,752 | €10,175 | ▼ 35.4% |
| Taxes, remuneration and social security45 | - | €3,759 | - | €26,044 | - |
| Taxes450/3 | - | €3,759 | - | €26,044 | - |
| Other amounts payable47/48 | €29,283 | €37,680 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,002 | -€6,146 | €33,829 | €78,133 | ▲ 131% |
| + Depreciation and write-downs630 | €1,086 | - | €0 | €0 | - |
| Operating cash flow (approximation) | -€14,916 | -€6,146 | €33,829 | €78,133 | ▲ 131% |
| Change in cash | - | €19,311 | -€2,033 | €2,251 | ▲ 211% |
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
14-07
State Gazette act
Resignation: BARBERA Alexandre (director)Appointment: NENIC Bojan (non-statutory director) · Director discharge · Purpose change8 facts ▸
State Gazette act
Resignation: BARBERA Alexandre (director)
Appointment: NENIC Bojan (non-statutory director) · Director discharge · Purpose change8 facts ▸
- General meeting, 01-07-2026
- Director resignation, BARBERA Alexandre (director)
- Director discharge, BARBERA Alexandre (administrateur démissionnaire)
- Director appointment, NENIC Bojan (non-statutory director)
- Purpose change
- Registered-office move, 1080 Molenbeek-Saint-Jean, Rue Joseph Schols 2
- Power of attorney
- Power of attorney, Frédéric DEBOUCHE
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Highest result since 2021net €78,133 ▲131%
Operating result €104,818, net result €78,133, both a record.
31-12
Financial
Equity above €100,000Eq €100,960 ▲342%
2 profitable years in a row build equity to €100,960.
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
07-06
KBO administration
UBO non-compliance
event 30-05-2024
2023
31-12
Financial
Back to profitnet €33,829
Net result €33,829 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.45
Current ratio from 0.59 to 2.45; short-term debt falls from €41,439 to €15,752.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 86 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
NENIC Bojan
CurrentNon-statutory director · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2020
Ground area
522 m²
Building footprint
427 m²
Volume, LiDAR
5,117 m³
2 parcels, Brussels, Wallonia · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ALBAR
since 20202.308.380.759
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0111/00Y004 | Brussels | 345 m² | 1 · 345 m² | 18.5 m · 5 fl. |
| 62023B0040/00X018 | Wallonia | 177 m² | 1 · 81 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NENIC Bojan |
|
| BARBERA Alexandre |
|
Articles of association
Purpose
L’étude et la réalisation de tous travaux de construction, publics et privés, en qualité d’entrepreneur général ou en sous-traitance, la conception, la gestion et la construction…
Full purpose (10 activities)
- L’étude et la réalisation de tous travaux de construction, publics et privés, en qualité d’entrepreneur général ou en sous-traitance, la conception, la gestion et la construction de tous travaux, bâtiments, ouvrages et édifices, en tout ou en partie, l’étude et la réalisation de tous aménagements et décorations tant à l’intérieur qu’à l’extérieur, comme par exemple, sans que cette énonciation soit limitative : la gestion de chantier, la réalisation de gros-œuvre, démolition, terrassement, les travaux d’isolation, de plomberie, de maçonnerie, d’électricité, d’étanchéité, de toiture, les travaux de plafonnage, le placement de cloisons, les travaux de peintures et de finition…
- Toute opération se rapportant directement ou indirectement à l’entretien, la rénovation, la réparation, l’embellissement, le renouvellement, la modernisation et la maintenance de tous les types d’ouvrages, de bâtiments, de biens meubles ou immeubles
- Le nettoyage, le ravalement, l’entretien, la désinfection, la vidange, la sécurisation, le test d’étanchéité, la récupération, l’enlèvement, l’évacuation et la destruction, de toute installation et de tout bien ou objet
- La gestion, la négociation, l’achat, la vente, la location, la sous-location, le lotissement, le financement, de tous biens immeubles, réalisations et constructions, pour son propre compte ou pour compte de tiers, ainsi que les activités de conseil, d’étude, de consultance, d’expertise de courtage et de syndic
- La gestion, la négociation, l’achat, la vente, la location, la sous-location, l’importation, l’exportation et le financement, pour compte propre ou pour compte de tiers, de tous biens meubles, comme par exemple, sans que cette énonciation soit limitative : les matériaux, marchandises, appareils et outillages, produits d’entretien, de nettoyage et de maintenance
- L’exploitation sous sa propre enseigne ou par voie de franchise, la construction, l’équipement, les prestations de service en matière d’hôtel, restaurant, taverne, café, bar, brasserie, snack-bar, grill, friture, tea-room, débit de boissons, traiteur, organisation de banquets, réceptions et autres évènements, et en général de toutes activités ayant un rapport avec le secteur HORECA
- L’achat, la vente en gros, ou en détail, l’import, l’export, le stockage et la distribution de tabacs, cigares, cigarettes électroniques ou non, vapoteurs, chicha, articles de fumeurs, produits dérivés du chanvre, cannabidiol et autres cannabinoïdes dans le respect de la règlementation en vigueur, ainsi que tous les articles connexes, complémentaires ou de nature à promouvoir cette activité
- La livraison à domicile, le dépôt, la vente, l’achat, l’import, l’export, la distribution, la commercialisation, la fabrication, la conception, la préparation, la vente en gros ou au détail et le commerce en général de tous produits alimentaires et non alimentaires en ce compris notamment les boissons alcoolisées ou non, produits cosmétiques, textiles, produits d’épicerie, aliments frais, secs ou desséchés, aliments pour animaux, pots-pourris, huiles essentielles, produits thérapeutiques, objets de décoration divers, produits artisanaux, bijoux, pierre précieuses, grow-shop, produits électro, hi-fi, articles audio, tous produits de papeterie et produits bio
- Le transport et la livraison à domicile de tous produits généralement quelconques, périssables et non périssables, l’enlèvement, le stockage, la répartition de tous produits généralement quelconques et non périssables
- Tout ce qui se rattache au transport, national et international, terrestre, maritime et aérien de tous biens et marchandises ; l’expédition, le marketing, la commercialisation et la distribution, l’organisation et la gestion d’entreprises de transport, l’entreposage, l’affrêtement, la messagerie, l’agence en douane, les assurances et en général tout ce qui se rapporte au fret
Board rule
Registered office clause
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
albarsrl@protonmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756474492
Also
9925:BE0756474492
Registered
14-11-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.