ALBNOR
ActiveThe file of ALBNOR contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €333,831 and a net result of €70,842. Equity is growing by ~99.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 105 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-5
Solvency85▲+8
Growth85=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.07 against 1.85 in 2023; short-term debt: 37.1% and cash: 16.4% of total assets), and 40.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more 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
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 28-05-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
292 d late
2022
70 d late
2021
77 d late
2020
273 d late
2020
162 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.3m▲ 8.9%
2023 · €1.2m
EBIT margin
5.7%▼ 2.8pp
2023 · 8.5%
Net result
€70,842▲ 15.7%
2023 · €61,249
Working capital
€222,209▲ 12.8%
2023 · €197,010
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2,591-€355,310▲ 13,616%€1.2m▲ 228%€1.2m▲ 4.8%€1.3m▲ 8.9%
Operating result-€17,528-€65,909€141,277▲ 114%€104,304▼ 26.2%€76,012▼ 27.1%
Net result-€17,731within the sector's middle half-€70,791above the sector's middle half€137,347above the sector's middle half▲ 94.0%€61,249above the sector's middle half▼ 55.4%€70,842above the sector's middle half▲ 15.7%
EBIT margin-676.6%-18.5%▲ 695.2pp12.1%▼ 6.4pp8.5%▼ 3.6pp5.7%▼ 2.8pp
Equity-€6,398below the sector's middle half-€64,394within the sector's middle half€201,740within the sector's middle half▲ 213%€262,990above the sector's middle half▲ 30.4%€333,831above the sector's middle half▲ 26.9%
Total assets€13,375below the sector's middle half-€208,579within the sector's middle half▲ 1,459%€391,018within the sector's middle half▲ 87.5%€503,502above the sector's middle half▲ 28.8%€560,912above the sector's middle half▲ 11.4%
Debt€19,772-€144,185▲ 629%€189,277▲ 31.3%€240,512▲ 27.1%€227,081▼ 5.6%
Working capital-€18,923below the sector's middle half--€56,481below the sector's middle half▼ 198%€106,976within the sector's middle half€197,010above the sector's middle half▲ 84.2%€222,209above the sector's middle half▲ 12.8%
Solvency-47.8%below the sector's middle half-30.9%within the sector's middle half▲ 78.7pp51.6%within the sector's middle half▲ 20.7pp52.2%within the sector's middle half▲ 0.6pp59.5%within the sector's middle half▲ 7.3pp
Current ratio0.04below the sector's middle half-0.61below the sector's middle half▲ 0.571.57within the sector's middle half▲ 0.961.85within the sector's middle half▲ 0.282.07within the sector's middle half▲ 0.22
Return on assets (ROA)-132.6%below the sector's middle half-33.9%above the sector's middle half▲ 166.5pp35.1%above the sector's middle half▲ 1.2pp12.2%within the sector's middle half▼ 23.0pp12.6%within the sector's middle half▲ 0.5pp
Staff (FTE)0.8below the sector's middle half-1.32▲ 53.8%2=
above
within
below
the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Turnover +13,616% on 2020. The previous fiscal year ran 3 months, this one 12. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €560,912
Fixed assets
€130,551 ▲ 73.5%
Current assets
€430,362 ▲ 0.5%
Equity and liabilities €560,912
Equity
€333,831 ▲ 26.9%
Debt
€227,081 ▼ 5.6%
Debt's share of the balance-sheet total falls from 47.8% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,365▼
2023 · €152,993
Cash flow
€109,195▼
2023 · €109,939
Debt to equity
0.68▼
2023 · 0.91
ROE
21.2%▼
2023 · 23.3%
Interest coverage
11.17▼
2023 · 101.08
Debt ≤ 1 year
€208,153▼
2023 · €231,238
Staff costs
€79,526▼
2023 · €99,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 497,340 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% | 1.8% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €2,591 | €355,310 | €1.2m | €1.2m | €1.3m | ▲ 8.9% |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €6,954 | €234,434 | €788,904 | €855,335 | €994,353 | ▲ 16.3% |
| Remuneration, social security and pensions62 | €13,165 | €25,284 | €81,437 | €99,577 | €79,526 | ▼ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €20,291 | €38,520 | €48,689 | €38,353 | ▼ 21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €5,142 | - | - | - |
| Other operating charges640/8 | - | €18,252 | €110,830 | €115,085 | €144,041 | ▲ 25.2% |
| Non-recurring operating charges66A | - | €19 | - | - | - | - |
| Gross operating margin9900 | -€4,363 | €129,756 | €377,206 | €367,655 | €337,932 | ▼ 8.1% |
| Operating profit (loss)9901 | -€17,528 | €65,909 | €141,277 | €104,304 | €76,012 | ▼ 27.1% |
| Financial income75/76B | €2,054 | €7,949 | €9,906 | €1,727 | €5,067 | ▲ 193% |
| Recurring financial income75 | €2,054 | €7,949 | €9,906 | €1,727 | €5,067 | ▲ 193% |
| Financial charges65/66B | - | €1,059 | €1,734 | €1,514 | €10,238 | ▲ 576% |
| Recurring financial charges65 | - | €1,059 | €1,734 | €1,514 | €10,238 | ▲ 576% |
| Profit (loss) for the period before taxes9903 | -€15,474 | €72,799 | €149,449 | €104,517 | €70,842 | ▼ 32.2% |
| Income taxes67/77 | €2,257 | €2,008 | €12,102 | €43,267 | - | - |
| Profit (loss) for the period9904 | -€17,731 | €70,791 | €137,347 | €61,249 | €70,842 | ▲ 15.7% |
| Profit (loss) for the period to be appropriated9905 | -€17,731 | €70,791 | €137,347 | €61,249 | €70,842 | ▲ 15.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,375 | €208,579 | €391,018 | €503,502 | €560,912 | ▲ 11.4% |
| Fixed assets21/28 | €12,525 | €120,875 | €96,230 | €75,253 | €130,551 | ▲ 73.5% |
| Intangible fixed assets21 | - | - | €14,242 | €12,730 | €11,217 | ▼ 11.9% |
| Tangible fixed assets22/27 | - | €108,350 | €65,412 | €45,948 | €102,758 | ▲ 124% |
| Plant, machinery and equipment23 | - | €87,305 | €64,903 | €45,887 | €100,951 | ▲ 120% |
| Furniture and vehicles24 | - | €21,045 | €509 | €61 | €1,807 | ▲ 2,839% |
| Financial fixed assets28 | €12,525 | €12,525 | €16,575 | €16,575 | €16,575 | = |
| Current assets29/58 | €850 | €87,704 | €294,788 | €428,248 | €430,362 | ▲ 0.5% |
| Amounts receivable after more than one year29 | - | €79,801 | €164,132 | €164,132 | €164,132 | = |
| Trade receivables290 | - | €79,801 | €164,132 | €164,132 | €164,132 | = |
| Amounts receivable within one year40/41 | - | - | €97,461 | €153,808 | €170,146 | ▲ 10.6% |
| Trade receivables40 | - | - | €97,461 | €153,808 | €170,146 | ▲ 10.6% |
| Cash at bank and in hand54/58 | - | €4,712 | €31,987 | €105,385 | €91,918 | ▼ 12.8% |
| Deferred charges and accrued income490/1 | €850 | €3,191 | €1,208 | €4,924 | €4,166 | ▼ 15.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,375 | €208,579 | €391,018 | €503,502 | €560,912 | ▲ 11.4% |
| Equity10/15 | -€6,398 | €64,394 | €201,740 | €262,990 | €333,831 | ▲ 26.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€26,858 | €43,934 | €181,280 | €242,530 | €313,371 | ▲ 29.2% |
| Amounts payable17/49 | €19,772 | €144,185 | €189,277 | €240,512 | €227,081 | ▼ 5.6% |
| Amounts payable within one year42/48 | €19,772 | €144,185 | €187,812 | €231,238 | €208,153 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €30,570 | - | - | - | - |
| Trade debts44 | €2,157 | €51,453 | €70,877 | €65,047 | €45,607 | ▼ 29.9% |
| Suppliers440/4 | €2,157 | €51,453 | €70,877 | €65,047 | €45,607 | ▼ 29.9% |
| Taxes, remuneration and social security45 | €11,106 | €11,146 | €22,460 | €66,624 | €74,058 | ▲ 11.2% |
| Taxes450/3 | €2,257 | €1,955 | €14,058 | €59,397 | €67,023 | ▲ 12.8% |
| Remuneration and social security454/9 | €8,849 | €9,190 | €8,402 | €7,227 | €7,035 | ▼ 2.7% |
| Other amounts payable47/48 | €6,509 | €51,017 | €94,475 | €99,567 | €88,488 | ▼ 11.1% |
| Accrued charges and deferred income492/3 | - | - | €1,465 | €9,274 | €18,928 | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,731 | €70,791 | €137,347 | €61,249 | €70,842 | ▲ 15.7% |
| + Depreciation and write-downs630 | - | €20,291 | €38,520 | €48,689 | €38,353 | ▼ 21.2% |
| Operating cash flow (approximation) | -€17,731 | €91,082 | €175,867 | €109,939 | €109,195 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€128,641 | -€13,875 | -€27,713 | -€93,650 | ▼ 238% |
| Change in cash | - | - | €27,275 | €73,398 | -€13,467 | ▼ 118% |
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
2025
03-10
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 24-09-2025
20-06
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 11-06-2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
19-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 292 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €137,347 ▲94%
Operating result €141,277, net result €137,347, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.57
Current ratio from 0.61 to 1.57.
31-12
Financial
Equity above €200,000Eq €201,740 ▲213%
2 profitable years in a row build equity to €201,740.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 273 days late
2021
31-12
Financial
Back to profitnet €70,791
Net result €70,791 after one loss-making year.
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-09
Financial
Back to profitnet €3,788
Net result €3,788 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet -€44,780
Net result drops to -€44,780, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial 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, Sint-Jans-Molenbeek · 1 establishment unit since 2013
Ground area
78 m²
Building footprint
81 m²
Volume, LiDAR
716 m³
Parcel 21524C0042/00S005, Brussels · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALBNOR
since 20132.221.556.158
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0042/00S005 | Brussels | 78 m² | 1 · 81 m² | 11.9 m · 3 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 506 companies in sector 92000 we hold annual accounts for 302. 234 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
Founded08-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537373367
Also
9925:BE0537373367
Registered
14-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.