ALBRIX
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-10-2025 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 34% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Pledge on the business | - | - | €80,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Tangible fixed assets | €341,277 | €17,510 | €14,504 |
| Financial fixed assets | €10,000 | €5,000 | - |
| Depreciation and write-downs of the year | €55,031 | €54,378 | €58,936 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €3,363 awarded · €3,363 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €3,234 | €3,234 |
| 2022 | 1 | €129 | €129 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,031 | €54,378 | €58,936 | ▲ 8.4% |
| Other operating charges640/8 | €1,209 | €6,677 | €2,940 | ▼ 56.0% |
| Gross operating margin9900 | €87,510 | €248,621 | €313,578 | ▲ 26.1% |
| Operating profit (loss)9901 | €31,270 | €187,566 | €251,702 | ▲ 34.2% |
| Financial income75/76B | €189 | €1,100 | €5,083 | ▲ 362% |
| Recurring financial income75 | €189 | €1,100 | €5,083 | ▲ 362% |
| Financial charges65/66B | €11,751 | €21,505 | €16,746 | ▼ 22.1% |
| Recurring financial charges65 | €11,751 | €21,505 | €16,746 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €19,707 | €167,162 | €240,039 | ▲ 43.6% |
| Income taxes67/77 | - | €14 | €2,645 | ▲ 191× |
| Profit (loss) for the period9904 | €19,707 | €167,148 | €237,394 | ▲ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €19,707 | €167,148 | €237,394 | ▲ 42.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.8m | €1.2m | €1.7m | ▲ 46.5% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | ▼ 20.6% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.2m | ▼ 17.8% |
| Land and buildings22 | - | €0.001m | €0.001m | ▼ 24.9% |
| Plant, machinery and equipment23 | €0.1m | €0.1m | €0.08m | ▼ 23.4% |
| Furniture and vehicles24 | €0.01m | €0.01m | €0.02m | ▲ 80.6% |
| Leasing and similar rights25 | €0.2m | €0.1m | €0.1m | ▼ 22.1% |
| Financial fixed assets28 | €0.01m | €0.02m | €0.005m | ▼ 66.7% |
| Current assets29/58 | €0.5m | €0.9m | €1.5m | ▲ 65.6% |
| Stocks and contracts in progress3 | €0.4m | €0.5m | €0.6m | ▲ 21.8% |
| Stocks30/36 | €0.4m | €0.5m | €0.6m | ▲ 21.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.4m | €0.9m | ▲ 103% |
| Trade receivables40 | €0.06m | €0.3m | €0.6m | ▲ 110% |
| Other amounts receivable41 | €0.06m | €0.1m | €0.3m | ▲ 88.6% |
| Cash at bank and in hand54/58 | €0.06m | €0.03m | €0.1m | ▲ 197% |
| Deferred charges and accrued income490/1 | €0.004m | €0.008m | €0.006m | ▼ 17.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.8m | €1.2m | €1.7m | ▲ 46.5% |
| Equity10/15 | €0.03m | €0.07m | €0.07m | ▲ 0.6% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | = |
| Contributions outside capital11 | €0.01m | - | - | - |
| Other1109/19 | €0.01m | - | - | - |
| Profit (loss) carried forward14 | €0.02m | €0.06m | €0.06m | ▲ 0.7% |
| Amounts payable17/49 | €0.8m | €1.1m | €1.7m | ▲ 49.2% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | ▼ 30.5% |
| Financial debts170/4 | €0.2m | €0.2m | €0.1m | ▼ 30.5% |
| Amounts payable within one year42/48 | €0.6m | €1.0m | €1.5m | ▲ 59.2% |
| Current portion of amounts payable after more than one year42 | €0.03m | €0.06m | €0.05m | ▼ 16.5% |
| Financial debts43 | €0.3m | €0.3m | - | - |
| Credit institutions430/8 | €0.3m | €0.3m | - | - |
| Trade debts44 | €0.03m | €0.2m | €0.3m | ▲ 26.8% |
| Suppliers440/4 | €0.03m | €0.2m | €0.3m | ▲ 26.8% |
| Advances received on contracts in progress46 | - | - | €0.8m | - |
| Taxes, remuneration and social security45 | €360 | €0.002m | €0.009m | ▲ 415% |
| Taxes450/3 | €360 | €0.002m | €0.009m | ▲ 415% |
| Other amounts payable47/48 | €0.2m | €0.4m | €0.4m | ▲ 15.8% |
| Accrued charges and deferred income492/3 | - | €48 | €0.04m | ▲ 833× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,707 | €167,148 | €237,394 | ▲ 42.0% |
| + Depreciation and write-downs630 | €55,031 | €54,378 | €58,936 | ▲ 8.4% |
| Operating cash flow (approximation) | €74,738 | €221,526 | €296,330 | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | -€22,510 | -€4,504 | ▲ 80.0% |
| Change in cash | - | -€25,597 | €63,432 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 875 companies had the same profile as ALBRIX has now. Two years later, 96.6% were still going and 1.4% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALBRIX itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 875 companies, not a prediction for ALBRIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.