ALBERTUS
ActiveSummary
ALBERTUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,064 and a net result of -€23,146. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency53▼-2
Growth49=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 72% and cash: 0.5% of total assets), and 72% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,146
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
66 d early
2023
61 d early
2022
18 d early
2021
24 d late
2020
14 d early
2019
16 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 32 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€81,875▲ 13.2%
2024 · €72,304
EBIT margin
-28.5%▼ 4.6pp
2024 · -23.9%
Net result
-€23,146▼ 33.6%
2024 · -€17,320
Working capital
-€548,816▼ 1.4%
2024 · -€541,272
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€71,673▲ 125%€58,299▼ 18.7%€62,402▲ 7.0%€72,304▲ 15.9%€81,875▲ 13.2%
Operating result€3,679▼ 61.4%-€14,321-€12,582▲ 12.1%-€17,296▼ 37.5%-€23,329▼ 34.9%
Net result€2,628▼ 62.7%-€14,375-€12,627▲ 12.2%-€17,320▼ 37.2%-€23,146▼ 33.6%
EBIT margin5.1%▼ 24.8pp-24.6%▼ 29.7pp-20.2%▲ 4.4pp-23.9%▼ 3.8pp-28.5%▼ 4.6pp
Equity€286,532▲ 0.9%€272,157▼ 5.0%€259,530▼ 4.6%€242,210▼ 6.7%€219,064▼ 9.6%
Total assets€890,766▼ 0.3%€876,129▼ 1.6%€829,328▼ 5.3%€801,922▼ 3.3%€781,229▼ 2.6%
Debt€604,234▼ 0.9%€603,972=€569,798▼ 5.7%€559,712▼ 1.8%€562,165▲ 0.4%
Working capital-€557,259▲ 7.0%-€532,131▲ 4.5%-€553,255▼ 4.0%-€541,272▲ 2.2%-€548,816▼ 1.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,329 in 2025 against €17,296 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €781,229
Fixed assets
€767,880 ▼ 2.0%
Current assets
€13,349 ▼ 27.6%
Equity and liabilities €781,229
Equity
€219,064 ▼ 9.6%
Debt
€562,165 ▲ 0.4%
Debt's share of the balance-sheet total rises from 69.8% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36,519▲
2024 · €31,922
Cash flow
€36,702▲
2024 · €31,898
Current ratio
0.02▼
2024 · 0.03
Debt to equity
2.57▲
2024 · 2.31
ROE
-10.6%▼
2024 · -7.2%
ROA
-3.0%▼
2024 · -2.2%
Interest coverage
1521.63▲
2024 · 1330.08
Debt ≤ 1 year
€562,165▲
2024 · €559,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €71,673 | €58,299 | €62,402 | €72,304 | €81,875 | ▲ 13.2% |
| Goods, raw materials, services and sundry goods60/61 | €18,370 | €22,310 | €23,653 | €29,121 | €33,282 | ▲ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,503 | €39,503 | €40,557 | €49,218 | €59,848 | ▲ 21.6% |
| Other operating charges640/8 | €10,122 | €10,807 | €10,774 | €11,261 | €12,074 | ▲ 7.2% |
| Gross operating margin9900 | €53,304 | €35,989 | €38,749 | €43,183 | €48,593 | ▲ 12.5% |
| Operating profit (loss)9901 | €3,679 | -€14,321 | -€12,582 | -€17,296 | -€23,329 | ▼ 34.9% |
| Financial income75/76B | - | - | - | - | €207 | - |
| Recurring financial income75 | - | - | - | - | €207 | - |
| Financial charges65/66B | €62 | €54 | €45 | €24 | €24 | = |
| Recurring financial charges65 | €62 | €54 | €45 | €24 | €24 | = |
| Profit (loss) for the period before taxes9903 | €3,617 | -€14,375 | -€12,627 | -€17,320 | -€23,146 | ▼ 33.6% |
| Income taxes67/77 | €989 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €2,628 | -€14,375 | -€12,627 | -€17,320 | -€23,146 | ▼ 33.6% |
| Profit (loss) for the period to be appropriated9905 | €2,628 | -€14,375 | -€12,627 | -€17,320 | -€23,146 | ▼ 33.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €890,766 | €876,129 | €829,328 | €801,922 | €781,229 | ▼ 2.6% |
| Fixed assets21/28 | €843,791 | €804,288 | €812,785 | €783,482 | €767,880 | ▼ 2.0% |
| Tangible fixed assets22/27 | €843,791 | €804,288 | €812,785 | €783,482 | €767,880 | ▼ 2.0% |
| Land and buildings22 | €843,791 | €804,288 | €764,785 | €725,282 | €685,780 | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | €48,000 | €58,200 | €82,100 | ▲ 41.1% |
| Current assets29/58 | €46,975 | €71,841 | €16,543 | €18,440 | €13,349 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €10,536 | €11,090 | €11,190 | €5,126 | €1,222 | ▼ 76.2% |
| Trade receivables40 | €1,525 | €1,090 | €1,190 | €126 | €160 | ▲ 27.0% |
| Other amounts receivable41 | €9,011 | €10,000 | €10,000 | €5,000 | €1,062 | ▼ 78.8% |
| Current investments50/53 | - | - | - | €8,000 | €8,000 | = |
| Cash at bank and in hand54/58 | €36,439 | €60,751 | €5,353 | €5,314 | €4,127 | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €890,766 | €876,129 | €829,328 | €801,922 | €781,229 | ▼ 2.6% |
| Equity10/15 | €286,532 | €272,157 | €259,530 | €242,210 | €219,064 | ▼ 9.6% |
| Contributions10/11 | €175,600 | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Capital10 | €175,600 | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Issued capital100 | €175,600 | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Reserves13 | €17,560 | €17,560 | €17,560 | €17,560 | €17,560 | = |
| Non-distributable reserves130/1 | €17,560 | €17,560 | €17,560 | €17,560 | €17,560 | = |
| Legal reserve130 | €17,560 | €17,560 | €17,560 | €17,560 | €17,560 | = |
| Profit (loss) carried forward14 | €93,372 | €78,997 | €66,370 | €49,050 | €25,904 | ▼ 47.2% |
| Amounts payable17/49 | €604,234 | €603,972 | €569,798 | €559,712 | €562,165 | ▲ 0.4% |
| Amounts payable after more than one year17 | - | - | - | €0 | - | - |
| Trade debts175 | - | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €604,234 | €603,972 | €569,798 | €559,712 | €562,165 | ▲ 0.4% |
| Trade debts44 | €473 | €240 | €1,435 | €17,514 | €19,814 | ▲ 13.1% |
| Suppliers440/4 | €473 | €240 | €1,435 | €17,514 | €19,814 | ▲ 13.1% |
| Advances received on contracts in progress46 | €939 | €810 | €965 | €2,198 | €2,351 | ▲ 7.0% |
| Other amounts payable47/48 | €602,822 | €602,922 | €567,398 | €540,000 | €540,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,628 | -€14,375 | -€12,627 | -€17,320 | -€23,146 | ▼ 33.6% |
| + Depreciation and write-downs630 | €39,503 | €39,503 | €40,557 | €49,218 | €59,848 | ▲ 21.6% |
| Operating cash flow (approximation) | €42,131 | €25,128 | €27,930 | €31,898 | €36,702 | ▲ 15.1% |
| Investment in fixed assets (approximation) | - | €0 | -€49,054 | -€19,915 | -€44,246 | ▼ 122% |
| Change in cash | - | €24,312 | -€55,398 | -€39 | -€1,187 | ▼ 2,944% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€23,146
Net result drops to -€23,146, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
17-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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
4 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, Oostende · 1 establishment unit since 1991
Ground area
345 m²
Building footprint
97 m²
Volume, LiDAR
1,168 m³
Parcel 35384A0177/03K002, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ALBERTUS NV
since 19912.051.985.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0177/03K002 | Flanders | 345 m² | 1 · 97 m² | 14.9 m · 4 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,302 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
Founded16-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.