Financials
- Financial year
- 2024
- Total assets
- €649,009
- Loss
- -€2,156
- Solvency
- -4.3%
Total assets▲ 0.4%
Net result
20182024
ALBRA ESTATES
ActiveSummary
ALBRA ESTATES has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€27,991) and a net result of -€2,156. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 11% of 9,639 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Development of residential building projects
NACE 68121
1 site
Size
€649,009total assets 2024
- Equity
- -€27,991
- Loss
- -€2,156
Turnover not published (abbreviated format)
Structure
- Parent
- NESTEN · 99.46%
- VANNESTE LucDirector
2025 accounts not filed, 87 days past the deadline1 of 3 deeds summarised
Why 54raises riskCapped at 59: negative equityFigures for financial year 2024 (filed 21-07-2025)Liquidity: current ratio 0.20, cash €23,756, halvedNegative equity -€27,991lowers riskSize: total assets €649,009Show the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 68, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency
21=
equity -4.3% of total assets
Liquidity
44-5
short-term debt 27.3% · cash 3.7%
Profitability
60+4
return on assets -0.3%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%lowest value
12-2024: 0.3%● unchanged vs 11-2024lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 1.2%▲ +0.4 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.2, compared with 0.31 in 2023, below 1; short-term debt: 27.3% and cash: 3.7% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 16% on solvency, 38% on liquidity, 48% on profitability and 30% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€27,991
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline26-10-2026 today
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 20-07-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
11 days early
2023
17 days early
2022
13 days early
2021
1 day late
2020
50 days late
2019
4 days 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 1 day after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
- Resignation: VANNESTE Luc (director)Reappointment: VANNESTE Luc (statutory director)…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€27,991 View
- Risk: 4 loss-making years in a rowloss financial year 2024 -€2,156 View
- Caution: Among the weakest 11% on solvencysector median 30.9% · 9,639 companies -4.3% View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 87 days past the deadline View
- Controlled by NESTEN 99.46% View
By topic
Board & ownership
- Board
- 1 member
- Parent
- NESTEN · 99.46%
- VANNESTE LucDirector
Timeline
- Events
- 19
- Since
- 2010
- 18-07-2023Annual accounts filed
- 01-08-2022Annual accounts filed
- 31-12-2021Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 16-12-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 22
- Who signs
- Each director alone
- Annual meeting
- Second Saturday of June at 14:00
Key facts about ALBRA ESTATES
- What is the company number of ALBRA ESTATES?
- 0808.546.765. In Belgium the VAT number is the company number with BE in front: BE 0808.546.765.
- Where is ALBRA ESTATES based?
- The registered office is at Bruggestraat 186, 8770 Ingelmunster.Company details
- What does ALBRA ESTATES do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of ALBRA ESTATES?
- Private limited company (BV).
- When was ALBRA ESTATES founded?
- On 16-12-2008.
- Is ALBRA ESTATES still active?
- Yes, ALBRA ESTATES is an active enterprise in the KBO register.
- What is the turnover of ALBRA ESTATES?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is ALBRA ESTATES profitable?
- In financial year 2024, ALBRA ESTATES made a loss of €2,156.
- Where can I find the annual accounts of ALBRA ESTATES?
- ALBRA ESTATES filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Companies related to ALBRA ESTATES
Parent and group
- NESTEN99.46%
Comparable companies
- ARSENAAL CONSTRUCTIngelmunster
- CO CENTERIngelmunster
- COBILDIngelmunster
- Coho ProjectsIngelmunster
- DELFINCOIngelmunster
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