ALBEMA
ActiveSummary
ALBEMA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €729,962 and a net result of €600,948. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+2
Solvency35▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.8 in 2023; short-term debt: 11.2% and cash: 7.7% of total assets), and 90.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
9.9%
Return on assets
8.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €729,962
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
56 d early
2023
43 d early
2022
41 d early
2021
31 d early
2020
1 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€729,962▲ 16.0%
2023 · €629,014
Total assets
€7.4m▼ 1.5%
2023 · €7.5m
Net result
€600,948▲ 9.8%
2023 · €547,559
Working capital
€250,114
2023 · -€162,669
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€638,372▲ 21.7%€746,416▲ 16.9%€722,578▼ 3.2%€1.1m▲ 47.9%€1.1m▲ 4.5%
Net result€254,417€321,484above the sector's middle half▲ 26.4%-€115,171below the sector's middle half€547,559above the sector's middle half€600,948above the sector's middle half▲ 9.8%
Equity€7.1m▲ 3.7%€596,626within the sector's middle half▼ 91.6%€481,455within the sector's middle half▼ 19.3%€629,014within the sector's middle half▲ 30.6%€729,962within the sector's middle half▲ 16.0%
Total assets€10.2m▼ 3.3%€7.7mabove the sector's middle half▼ 24.4%€7.4mabove the sector's middle half▼ 4.6%€7.5mabove the sector's middle half▲ 1.9%€7.4mabove the sector's middle half▼ 1.5%
Debt€3.0m▼ 20.8%€7.0m▲ 132%€6.8m▼ 3.4%€6.8m▼ 0.1%€6.6m▼ 3.1%
Working capital€2.4m▲ 46.1%€976,202above the sector's middle half▼ 59.6%-€200,652below the sector's middle half-€162,669below the sector's middle half▲ 18.9%€250,114within the sector's middle half
Solvency69.5%▲ 4.7pp7.7%below the sector's middle half▼ 61.8pp6.5%below the sector's middle half▼ 1.2pp8.4%within the sector's middle half▲ 1.8pp9.9%within the sector's middle half▲ 1.5pp
Current ratio17.10▲ 14.262.56within the sector's middle half▼ 14.540.65within the sector's middle half▼ 1.920.80within the sector's middle half▲ 0.151.30within the sector's middle half▲ 0.50
Return on assets (ROA)2.5%▲ 5.6pp4.2%within the sector's middle half▲ 1.7pp-1.6%below the sector's middle half▼ 5.7pp7.3%above the sector's middle half▲ 8.9pp8.1%above the sector's middle half▲ 0.8pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.4m
Fixed assets
€6.3m ▼ 8.1%
Current assets
€1.1m ▲ 69.2%
Equity and liabilities €7.4m
Equity
€729,962 ▲ 16.0%
Provisions
€56,394 ▼ 4.3%
Debt
€6.6m ▼ 3.1%
Debt's share of the balance-sheet total falls from 90.8% to 89.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▲
2023 · €1.1m
Cash flow
€660,846▲
2023 · €602,427
Debt to equity
9.03▼
2023 · 10.82
ROE
82.3%▼
2023 · 87.1%
Interest coverage
3.67▲
2023 · 3.48
Debt ≤ 1 year
€829,913▲
2023 · €800,914
Debt > 1 year
€5.8m▼
2023 · €6.0m
Income taxes
€202,120▲
2023 · €200,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 166 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency under 10%
- a profit of 5% of the balance sheet or more
- without age
1.2%
went bankrupt
1.8%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 166 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,501 | €79,220 | €56,018 | €54,868 | €59,898 | ▲ 9.2% |
| Other operating charges640/8 | - | €70,792 | €101,824 | €58,123 | €84,180 | ▲ 44.8% |
| Non-recurring operating charges66A | - | - | €113 | - | - | - |
| Gross operating margin9900 | €783,347 | €896,427 | €880,532 | €1.2m | €1.3m | ▲ 6.7% |
| Operating profit (loss)9901 | €638,372 | €746,416 | €722,578 | €1.1m | €1.1m | ▲ 4.5% |
| Financial income75/76B | - | €39 | €447 | €547 | €4,815 | ▲ 779% |
| Recurring financial income75 | €2,413 | €39 | €447 | €547 | €4,815 | ▲ 779% |
| Financial charges65/66B | - | €308,466 | €328,021 | €323,186 | €320,784 | ▼ 0.7% |
| Recurring financial charges65 | €290,045 | €308,466 | €328,021 | €323,186 | €320,784 | ▼ 0.7% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €348,344 | €437,988 | €395,005 | €745,994 | €800,505 | ▲ 7.3% |
| Transfer from deferred taxes780 | - | €2,563 | €2,563 | €2,563 | €2,563 | = |
| Income taxes67/77 | €96,487 | €119,068 | €512,739 | €200,998 | €202,120 | ▲ 0.6% |
| Profit (loss) for the period9904 | €254,417 | €321,484 | -€115,171 | €547,559 | €600,948 | ▲ 9.8% |
| Transfer from tax-exempt reserves789 | - | €6,100 | €6,100 | €6,100 | €6,100 | = |
| Profit (loss) for the period to be appropriated9905 | €260,510 | €327,584 | -€109,071 | €553,659 | €607,047 | ▲ 9.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.2m | €7.7m | €7.4m | €7.5m | €7.4m | ▼ 1.5% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €7.6m | €6.1m | €7.0m | €6.9m | €6.3m | ▼ 8.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €3.2m | €3.2m | €3.1m | €3.1m | €3.0m | ▼ 0.9% |
| Land and buildings22 | - | €3.0m | €3.0m | €3.0m | €2.9m | ▼ 1.2% |
| Plant, machinery and equipment23 | - | €1,487 | - | - | €7,390 | - |
| Furniture and vehicles24 | - | €113,757 | €103,124 | €106,837 | €109,061 | ▲ 2.1% |
| Other tangible fixed assets26 | - | - | - | €1,678 | €1,334 | ▼ 20.5% |
| Financial fixed assets28 | €4.4m | €2.9m | €3.9m | €3.8m | €3.2m | ▼ 14.0% |
| Current assets29/58 | €2.6m | €1.6m | €367,695 | €638,245 | €1.1m | ▲ 69.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €92,349 | €103,524 | €6,917 | ▼ 93.3% |
| Trade receivables40 | - | €215,894 | €32,015 | €97,506 | €6,843 | ▼ 93.0% |
| Other amounts receivable41 | - | €946,787 | €60,334 | €6,018 | €74 | ▼ 98.8% |
| Current investments50/53 | €0 | - | - | - | €500,000 | - |
| Cash at bank and in hand54/58 | €1.3m | €433,893 | €272,959 | €530,656 | €568,025 | ▲ 7.0% |
| Deferred charges and accrued income490/1 | - | €4,464 | €2,387 | €4,065 | €5,085 | ▲ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.2m | €7.7m | €7.4m | €7.5m | €7.4m | ▼ 1.5% |
| Equity10/15 | €7.1m | €596,626 | €481,455 | €629,014 | €729,962 | ▲ 16.0% |
| Contributions10/11 | €1.0m | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6.1m | €534,626 | €419,455 | €567,014 | €667,962 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Legal reserve130 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Tax-exempt reserves132 | - | €152,495 | €146,396 | €140,296 | €134,196 | ▼ 4.3% |
| Distributable reserves133 | - | €282,131 | €173,060 | €326,718 | €433,766 | ▲ 32.8% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €69,207 | €64,083 | €61,520 | €58,957 | €56,394 | ▼ 4.3% |
| Deferred taxes168 | - | €64,083 | €61,520 | €58,957 | €56,394 | ▼ 4.3% |
| Amounts payable17/49 | €3.0m | €7.0m | €6.8m | €6.8m | €6.6m | ▼ 3.1% |
| Amounts payable after more than one year17 | €2.9m | €6.3m | €6.2m | €6.0m | €5.8m | ▼ 4.0% |
| Financial debts170/4 | - | €6.3m | €6.2m | €6.0m | €5.8m | ▼ 4.0% |
| Amounts payable within one year42/48 | €150,204 | €624,836 | €568,347 | €800,914 | €829,913 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €231,585 | €235,917 | €238,184 | €240,649 | ▲ 1.0% |
| Trade debts44 | €86,566 | €97,173 | €34,933 | €27,354 | €33,702 | ▲ 23.2% |
| Suppliers440/4 | - | €97,173 | €34,933 | €27,354 | €33,702 | ▲ 23.2% |
| Advances received on contracts in progress46 | - | - | €52,395 | - | €2,863 | - |
| Taxes, remuneration and social security45 | - | €38,006 | €37,445 | €27,502 | €45,041 | ▲ 63.8% |
| Taxes450/3 | - | €38,006 | €37,445 | €27,502 | €45,041 | ▲ 63.8% |
| Other amounts payable47/48 | - | €258,071 | €207,658 | €507,874 | €507,658 | = |
| Accrued charges and deferred income492/3 | - | €73,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254,417 | €321,484 | -€115,171 | €547,559 | €600,948 | ▲ 9.8% |
| + Depreciation and write-downs630 | €114,501 | €79,220 | €56,018 | €54,868 | €59,898 | ▲ 9.2% |
| Operating cash flow (approximation) | €368,918 | €400,704 | -€59,153 | €602,427 | €660,846 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | €1.4m | -€933,972 | €76,303 | €495,149 | ▲ 549% |
| Change in cash | - | -€822,412 | -€160,934 | €257,697 | €37,369 | ▼ 85.5% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €600,948 ▲9.8%
Operating result €1.1m, net result €600,948, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €547,559
Net result €547,559 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €629,014 ▲30.6%
Equity rises from €481,455 to €629,014.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €254,417
Net result €254,417 after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 17.10
Current ratio from 2.84 to 17.10; short-term debt falls from €898,965 to €150,204.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2010
24-02
State Gazette act
General meeting · Director resignation
Board meeting · Board composition
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Geel · 1 establishment unit since 1988
Ground area
7,330 m²
Building footprint
2,055 m²
Volume, LiDAR
13,934 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Goormansdijk 9, 2480 Dessel
since 19882.037.360.185
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006E1374/00B000 | Flanders | 4,856 m² | 1 · 1,774 m² | 8.0 m · 2 fl. |
| 13372A0955/00F014 | Flanders | 2,474 m² | 1 · 281 m² | 9.9 m · 2 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.
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts INFRARO 202450%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
HOEBEN BOUWPROJECTEN
BE 0475.537.550
Bocholt · Eq €730,057
TOP-C MANAGEMENT
BE 0474.497.769
Leuven · Eq €729,502
ADVIES KONSTRUKTIE EN BEHEER
BE 0412.554.955
Hasselt · Eq €728,955
Damah
BE 0733.788.469
Oudsbergen · Eq €728,949
VOSSELAARS BOUWBEDRIJF
BE 0807.628.334
Herentals · Eq €728,927
Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 4,323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433739458
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.