ALBRIX
ActiveSummary
ALBRIX has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,249 and a net result of €237,394. Equity has been growing by about 28% per year since 2023. Its solvency ranks better than 13% of 186 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-04-2021 Normal situation
- Activity
- Manufacture of rubber and plastic products NACE 22240and 5 others
- Establishment unit
- 2.316.483.031 8670 Koksijde, since 27-04-2021
- Financial year end
- 31 March
- Peppol
- Reachable since 19-12-2025
Board and ownership
- BusprojectDirector · since 29-04-2021
- JUULDirector · since 25-01-2022 · permanent representative Theunynck Marijn
- BUSPROJECT50%· score 9230-06-2025 annual accounts of BUSPROJECT
- MATHEBO50%· score 542025 annual accounts of MATHEBO
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €313,578
- ▲ 26.1%
- Turnover
- ≈ €740,000
- estimated
- Profit
- €237,394
- ▲ 42.0%
- Equity
- €67,249
- ▲ 0.6%
- Total assets
- €1.7m
- ▲ 46.5%
- 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskEquity €67,249 (3.9% of total assets)Founded in 2021Figures for financial year 2025 (filed on 04-11-2025)lowers riskSize: total assets €1.7mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 22, micro). It does better than 17% of them on solvency, 9% on liquidity, 79% on profitability and 40% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 10 days after the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · 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.
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
2 ownersOwners 2
- Equity €75,606 Profit of €61,314 in 2025 (profit of €7,218 in 2024) Checked score 9250%
- Sourceaccounts MATHEBO 2025Equity €69,942 Profit of €6,277 in 2025 (loss of €4,892 in 2024) Checked score 5450%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Busproject |
|
| JUUL |
|
| MATHEBO |
|
Network & group
Connections & network
3 connected companiesTimeline
Acts, filings and financial milestones
18-03
Gazette deed
1 director appointed, 1 director resigningResignation: Mathebo bv (director) · Appointment: JUUL bv (director) · Permanent representative: Theunynck Marijn5 points ▸
- General meeting, 25-01-2022
- Director resignation, Mathebo bv (director)
- Director discharge, Mathebo bv
- Director appointment, JUUL bv (director)
- Permanent representative, Theunynck Marijn, mentioned 2 times in the deed
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0767.568.720
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38018C0135/00R002 | Flanders | 792 m² | 1 · 93 m² | 11.9 m · 3 |