ALBEXH

Active

Private limited company (pre-2019)founded 201313 yrs activeGreepstraat 21, 1000 Brussel, BelgiumKBO/BCE: BE 0533.876.518

The computed 12-month bankruptcy probability of ALBEXH is 3.0% (moderate). The 2024 annual accounts show equity of €20k and a net result of €8k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 18944 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability82▲+44

Solvency100=

Growth52▲+17

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 7.18 against 4.81 in 2023; short-term debt: 13.2% and cash: 52.2% of total assets), and 13.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

86.8%

Return on assets

33.8%

Age of the figures

21 mo

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 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €20k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

49 d late

2023

50 d late

2022

87 d late

2021

87 d late

2020

54 d late

2019

245 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€146k▲ 2.1%

2023 · €143k

2019: €132k 2020: €42k 2021: €84k 2022: €103k 2023: €143k

2019 → 2024

EBIT margin

5.9%▲ 3.8pp

2023 · 2.1%

2019: 2.2% 2020: -72.3% 2021: -0.3% 2022: -5.1% 2023: 2.1%

2019 → 2024

Net result

€8k

2023 · €-2k

2018: €1k 2019: €1k 2020: €-30k 2021: €681 2022: €-6k 2023: €-2k

2018 → 2024

Working capital

€19k▲ 77.1%

2023 · €11k

2018: €37k 2019: €37k 2020: €16k 2021: €17k 2022: €12k 2023: €11k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€42k-€84k▲ 102%€103k▲ 23.4%€143k▲ 38.5%€146k▲ 2.1%

Equity€19k-€20k▲ 3.6%€14k▼ 30.4%€12k▼ 11.4%€20k▲ 63.8%

Operating result€-30k-€-258▲ 99.1%€-5k▼ 1,955%€3k€9k▲ 190%

Net result€-30k-€681€-6k€-2k▲ 73.9%€8k

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 190% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €23k

95.0%

Fixed assets €1k▼ 26.4%

Current assets €22k▲ 63.0%

Equity and liabilities €23k

86.8%

13.2%

Equity €20k▲ 63.8%

Debt €3k▲ 9.3%

The debt ratio falls from 18.6% to 13.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▲

2023 · €3k

Cash flow

€8k▲

2023 · €-1k

Solvency

86.8%▲

2023 · 81.4%

Current ratio

7.18▲

2023 · 4.81

Quick ratio

6.40▲

2023 · 4.73

Debt / equity

0.15▼

2023 · 0.23

ROE

38.9%▲

2023 · -12.9%

ROA

33.8%▲

2023 · -10.5%

Interest coverage

9.97▲

2023 · 4.43

Debt

€3k▲

2023 · €3k

Debt ≤ 1 year

€3k▲

2023 · €3k

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€15k€23k▲

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€1k€781▼

Other tangible fixed assets26€1k€781▼

Financial fixed assets28€363€363=

Current assets29/58€13k€22k▲

Stocks and contracts in progress3€235€2k▲

Stocks30/36€235€2k▲

Amounts receivable within one year40/41€3k€7k▲

Trade receivables40€2k-

Other amounts receivable41€1k€7k▲

Cash at bank and in hand54/58€10k€12k▲

Equity and liabilities

Total equity and liabilities10/49€15k€23k▲

Equity10/15€12k€20k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€11k€11k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Tax-exempt reserves132€9k€9k=

Profit (loss) carried forward14€-18k€-10k▲

Amounts payable17/49€3k€3k▲

Amounts payable within one year42/48€3k€3k▲

Trade debts44€2k-

Suppliers440/4€2k-

Taxes, remuneration and social security45€1k€3k▲

Taxes450/3€1k€3k▲

Income statement Code20232024

Turnover70€143k€146k▲

Goods, raw materials, services and sundry goods60/61€127k€133k▲

Remuneration, social security and pensions62€13k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€410€410=

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k

Other operating charges640/8€365€120▼

Gross operating margin9900€17k€13k▼

Operating profit (loss)9901€3k€9k▲

Financial income75/76B-€25

Recurring financial income75-€25

Financial charges65/66B€760€900▲

Recurring financial charges65€760€900▲

Profit (loss) for the period before taxes9903€2k€8k▲

Income taxes67/77€4k-

Profit (loss) for the period9904€-2k€8k▲

Profit (loss) for the period to be appropriated9905€-2k€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-18k€-10k▲

Profit (loss) brought forward from the previous period14P€-16k€-18k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

18-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 49 days late

2024

31-12

Financial Back to profitnet €8k

Net result €8k after 2 loss-making years.

19-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 50 days late

2023

31-12

Financial Liquidity doublescurrent ratio 4.81

Current ratio from 1.96 to 4.81; short-term debt falls from €12k to €3k.

26-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 87 days late

2022

26-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 87 days late

2021

31-12

Financial Back to profitnet €681

Net result €681 after one loss-making year.

23-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 54 days late

02-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 245 days late

2020

31-12

Financial Weakest financial yearnet €-30k ▼3114%

Net result drops to €-30k, the lowest in the series; recovery starts the following year.

2019

31-12

Financial Liquidity doublescurrent ratio 10.16

Current ratio from 5.05 to 10.16; short-term debt falls from €9k to €4k.

21-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 21 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

29-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 29 days late

2016

05-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 5 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-01-2026 CARA Ilir: Resigned as Director

10-09-2024 JURKOVIC Katarina: Resigned as Director

23-01-2020 Basha Xhevit: Resigned as Managing director

23-01-2020 Pelushi Xhensa: Resigned as Managing director

17-02-2014 Arben MARKU: Resigned as Manager

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Greepstraat 211000 Brussel

Ground area