Albo Projects
Open bankruptcyA bankruptcy procedure is open for Albo Projects according to publications in the Belgian State Gazette; curator: ALAIN CLEYMAN.
Summary
The 2023 annual accounts show equity of €8,506 and a net result of €1,560.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 26 May 2025
- Supervising judge
- Evelyne Martens
- Official Gazette
- 02-06-2025 (pdf) ↗search the document for 2025/123134
Deadlines
- Provisional date payments stopped
- 26 May 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 June 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 26 May 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Alain CleymanPr. Jos. Charlottelaan 71, 9100 Sint-Niklaasalain.cleyman@mc2-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Bricklaying and masonry work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€8,506▲ 22.5%
2022 · €6,947
Total assets
€112,784▲ 48.8%
2022 · €75,773
Net result
€1,560▼ 73.8%
2022 · €5,947
Working capital
€2,738
2022 · -€10,889
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
Line20222023
Operating result€11,438-€6,259▼ 45.3%
Net result€5,947within the sector's middle half-€1,560within the sector's middle half▼ 73.8%
Equity€6,947below the sector's middle half-€8,506below the sector's middle half▲ 22.5%
Total assets€75,773within the sector's middle half-€112,784within the sector's middle half▲ 48.8%
Debt€68,826-€104,277▲ 51.5%
Working capital-€10,889below the sector's middle half-€2,738below the sector's middle half
Solvency9.2%below the sector's middle half-7.5%below the sector's middle half▼ 1.6pp
Current ratio0.78below the sector's middle half-1.04below the sector's middle half▲ 0.26
Return on assets (ROA)7.8%within the sector's middle half-1.4%within the sector's middle half▼ 6.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 45% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €112,784
Fixed assets
€43,758 ▲ 21.3%
Current assets
€69,026 ▲ 73.8%
Equity and liabilities €112,784
Equity
€8,506 ▲ 22.5%
Debt
€104,277 ▲ 51.5%
Debt's share of the balance-sheet total rises from 90.8% to 92.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,587▼
2022 · €27,307
Cash flow
€5,888▼
2022 · €21,816
Quick ratio
0.97▲
2022 · 0.78
Debt to equity
12.26▲
2022 · 9.91
ROE
18.3%▼
2022 · 85.6%
Interest coverage
2.88▼
2022 · 20.96
Debt ≤ 1 year
€66,288▲
2022 · €50,597
Debt > 1 year
€37,989▲
2022 · €18,229
Income taxes
€1,023▼
2022 · €4,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €1,280 | €2,062 | ▲ 61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,869 | €4,328 | ▼ 72.7% |
| Other operating charges640/8 | €931 | €1,526 | ▲ 63.8% |
| Non-recurring operating charges66A | €55 | - | - |
| Gross operating margin9900 | €28,294 | €12,113 | ▼ 57.2% |
| Operating profit (loss)9901 | €11,438 | €6,259 | ▼ 45.3% |
| Financial income75/76B | €1 | €3 | ▲ 500% |
| Recurring financial income75 | €1 | €3 | ▲ 500% |
| Financial charges65/66B | €1,303 | €3,679 | ▲ 182% |
| Recurring financial charges65 | €1,303 | €3,679 | ▲ 182% |
| Profit (loss) for the period before taxes9903 | €10,136 | €2,583 | ▼ 74.5% |
| Income taxes67/77 | €4,189 | €1,023 | ▼ 75.6% |
| Profit (loss) for the period9904 | €5,947 | €1,560 | ▼ 73.8% |
| Profit (loss) for the period to be appropriated9905 | €5,947 | €1,560 | ▼ 73.8% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €75,773 | €112,784 | ▲ 48.8% |
| Fixed assets21/28 | €36,065 | €43,758 | ▲ 21.3% |
| Tangible fixed assets22/27 | €36,065 | €43,758 | ▲ 21.3% |
| Plant, machinery and equipment23 | €5,479 | €4,558 | ▼ 16.8% |
| Furniture and vehicles24 | €30,586 | €39,200 | ▲ 28.2% |
| Current assets29/58 | €39,708 | €69,026 | ▲ 73.8% |
| Stocks and contracts in progress3 | - | €5,000 | - |
| Contracts in progress37 | - | €5,000 | - |
| Amounts receivable within one year40/41 | €39,708 | €63,899 | ▲ 60.9% |
| Trade receivables40 | €37,401 | €56,582 | ▲ 51.3% |
| Other amounts receivable41 | €2,307 | €7,317 | ▲ 217% |
| Cash at bank and in hand54/58 | - | €0 | - |
| Deferred charges and accrued income490/1 | - | €126 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €75,773 | €112,784 | ▲ 48.8% |
| Equity10/15 | €6,947 | €8,506 | ▲ 22.5% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €5,947 | €7,506 | ▲ 26.2% |
| Distributable reserves133 | €5,947 | €7,506 | ▲ 26.2% |
| Amounts payable17/49 | €68,826 | €104,277 | ▲ 51.5% |
| Amounts payable after more than one year17 | €18,229 | €37,989 | ▲ 108% |
| Financial debts170/4 | €18,229 | €37,989 | ▲ 108% |
| Amounts payable within one year42/48 | €50,597 | €66,288 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | €9,631 | €15,401 | ▲ 59.9% |
| Financial debts43 | €9,979 | €10,716 | ▲ 7.4% |
| Credit institutions430/8 | €9,979 | €10,716 | ▲ 7.4% |
| Trade debts44 | - | €7,044 | - |
| Suppliers440/4 | - | €7,044 | - |
| Taxes, remuneration and social security45 | €29,351 | €33,126 | ▲ 12.9% |
| Taxes450/3 | €29,351 | €33,126 | ▲ 12.9% |
| Other amounts payable47/48 | €1,636 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,947 | €1,560 | ▼ 73.8% |
| + Depreciation and write-downs630 | €15,869 | €4,328 | ▼ 72.7% |
| Operating cash flow (approximation) | €21,816 | €5,888 | ▼ 73.0% |
| Investment in fixed assets (approximation) | - | -€12,022 | - |
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
02-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 26-05-2025
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 269 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Temse · 1 establishment unit since 2021
Ground area
453 m²
Building footprint
44 m²
Volume, LiDAR
120 m³
Parcel 46302D1130/00H000, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Albo Projects
since 20212.321.372.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1130/00H000 | Flanders | 453 m² | 1 · 44 m² | 3.2 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
26-05-2025 → present |
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Of 11,142 companies in sector 43910 we hold annual accounts for 5,493. 2,728 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
Founded06-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.