ALBRO
ActiveSummary
ALBRO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€192,363) and a net result of -€515,193. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 2294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability47▼-10
Solvency23▼-6
Growth29▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.36 in 2023; short-term debt: 32.9% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
-6.3%
Age of the figures
21 mo
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 -€192,363
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-02-2026, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
190 d late
2023
50 d late
2022
18 d late
2021
27 d early
2020
9 d early
2019
11 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 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 company by total assets in Ternat, Administrative and support services sector#4 oldest company in Ternat, Administrative and support services sector
Turnover
€2.4m▼ 10.2%
2023 · €2.7m
EBIT margin
-6.4%▼ 2.1pp
2023 · -4.3%
Net result
-€515,193▼ 92.4%
2023 · -€267,816
Working capital
-€1.2m▲ 19.2%
2023 · -€1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Turnover€2.7m▼ 10.3%€2.1m▼ 20.6%€2.8m▲ 34.0%€2.7m▼ 4.1%€2.4m▼ 10.2%
Operating result€361,716€226,176▼ 37.5%€251,143▲ 11.0%-€117,095-€155,874▼ 33.1%
Net result€198,462above the sector's middle half€199,074above the sector's middle half▲ 0.3%€125,632above the sector's middle half▼ 36.9%-€267,816below the sector's middle half-€515,193below the sector's middle half▼ 92.4%
EBIT margin13.6%▲ 16.6pp10.7%▼ 2.9pp8.9%▼ 1.8pp-4.3%▼ 13.2pp-6.4%▼ 2.1pp
Equity€265,940within the sector's middle half▲ 294%€465,014within the sector's middle half▲ 74.9%€590,646within the sector's middle half▲ 27.0%€322,830within the sector's middle half▼ 45.3%-€192,363below the sector's middle half
Total assets€7.8mabove the sector's middle half▲ 0.4%€7.4mabove the sector's middle half▼ 5.2%€6.8mabove the sector's middle half▼ 7.6%€7.9mabove the sector's middle half▲ 16.9%€8.2mabove the sector's middle half▲ 3.6%
Debt€7.5m▼ 2.1%€6.9m▼ 8.0%€6.2m▼ 10.0%€7.6m▲ 22.9%€8.4m▲ 10.5%
Working capital-€477,382below the sector's middle half▲ 53.8%-€668,464below the sector's middle half▼ 40.0%-€1.1mbelow the sector's middle half▼ 63.7%-€1.5mbelow the sector's middle half▼ 33.8%-€1.2mbelow the sector's middle half▲ 19.2%
Solvency3.4%below the sector's middle half▲ 2.6pp6.3%below the sector's middle half▲ 2.9pp8.7%below the sector's middle half▲ 2.4pp4.1%below the sector's middle half▼ 4.6pp-2.3%below the sector's middle half▼ 6.4pp
Current ratio0.72within the sector's middle half▲ 0.320.62below the sector's middle half▼ 0.110.48below the sector's middle half▼ 0.130.36below the sector's middle half▼ 0.120.56below the sector's middle half▲ 0.20
Return on assets (ROA)2.6%within the sector's middle half▲ 7.0pp2.7%within the sector's middle half▲ 0.1pp1.8%within the sector's middle half▼ 0.9pp-3.4%below the sector's middle half▼ 5.2pp-6.3%below the sector's middle half▼ 2.9pp
Staff (FTE)18.1above the sector's middle half▼ 4.2%15.6above the sector's middle half▼ 13.8%15.9above the sector's middle half▲ 1.9%15.4above the sector's middle half▼ 3.1%12.8above the sector's middle half▼ 16.9%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €155,874 in 2024 against €117,095 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.2m
Fixed assets
€6.7m ▼ 5.6%
Current assets
€1.5m ▲ 81.5%
Key figures and ratios
EBITDA
€463,194▼
2023 · €475,927
Cash flow
€103,875▼
2023 · €325,205
Quick ratio
0.53▲
2023 · 0.28
Debt to equity
-43.81▼
2023 · 23.62
Interest coverage
1.31▼
2023 · 3.07
Debt ≤ 1 year
€2.7m▲
2023 · €2.3m
Debt > 1 year
€5.7m▲
2023 · €5.3m
Income taxes
€5,338▲
2023 · -€4,429
Staff costs
€561,608▼
2023 · €672,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,242 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 | €2.7m | €2.1m | €2.8m | €2.7m | €2.4m | ▼ 10.2% |
| Non-recurring operating income76A | - | €562,218 | €719,958 | €0 | €11,157 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.2m | €1.9m | €1.5m | €1.5m | ▼ 3.1% |
| Remuneration, social security and pensions62 | - | €700,316 | €822,607 | €672,685 | €561,608 | ▼ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €591,118 | €539,772 | €586,623 | €593,022 | €619,068 | ▲ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,505 | €0 | €14,756 | - | - |
| Other operating charges640/8 | - | €11,221 | €15,608 | €12,159 | €2,762 | ▼ 77.3% |
| Non-recurring operating charges66A | - | €33,697 | €0 | €0 | €6,778 | - |
| Gross operating margin9900 | €1.7m | €1.5m | €1.7m | €1.2m | €1.0m | ▼ 12.0% |
| Operating profit (loss)9901 | €361,716 | €226,176 | €251,143 | -€117,095 | -€155,874 | ▼ 33.1% |
| Financial income75/76B | - | €13,318 | €0 | - | €98 | - |
| Recurring financial income75 | - | €13,318 | €0 | - | €98 | - |
| Financial charges65/66B | - | €78,375 | €59,568 | €155,150 | €354,080 | ▲ 128% |
| Recurring financial charges65 | €133,954 | €78,375 | €59,568 | €155,150 | €354,080 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €227,763 | €161,119 | €191,575 | -€272,246 | -€509,856 | ▼ 87.3% |
| Transfer from deferred taxes780 | - | €5,323 | €0 | - | - | - |
| Income taxes67/77 | €34,623 | -€32,632 | €65,943 | -€4,429 | €5,338 | ▲ 221% |
| Profit (loss) for the period9904 | €198,462 | €199,074 | €125,632 | -€267,816 | -€515,193 | ▼ 92.4% |
| Profit (loss) for the period to be appropriated9905 | €198,462 | €199,074 | €125,632 | -€267,816 | -€515,193 | ▼ 92.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.8m | €7.4m | €6.8m | €7.9m | €8.2m | ▲ 3.6% |
| Fixed assets21/28 | €6.5m | €6.3m | €5.8m | €7.1m | €6.7m | ▼ 5.6% |
| Intangible fixed assets21 | €42,027 | €22,027 | €2,027 | €0 | - | - |
| Tangible fixed assets22/27 | €6.5m | €6.3m | €5.8m | €7.1m | €6.7m | ▼ 5.6% |
| Land and buildings22 | - | €4.9m | €4.3m | €5.5m | €5.3m | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €859,034 | €914,903 | €1.1m | €1.0m | ▼ 6.0% |
| Furniture and vehicles24 | - | €409,807 | €466,662 | €383,597 | €274,675 | ▼ 28.4% |
| Other tangible fixed assets26 | - | €101,486 | €103,793 | €103,335 | €102,878 | ▼ 0.4% |
| Financial fixed assets28 | - | - | - | €20,000 | €20,000 | = |
| Current assets29/58 | €1.3m | €1.1m | €1.0m | €841,058 | €1.5m | ▲ 81.5% |
| Stocks and contracts in progress3 | €100,080 | €71,856 | €233,840 | €203,455 | €93,430 | ▼ 54.1% |
| Stocks30/36 | - | €71,856 | €233,840 | €203,455 | €93,430 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €1.0m | €621,965 | €726,216 | €583,776 | €1.4m | ▲ 140% |
| Trade receivables40 | - | €559,914 | €681,194 | €546,836 | €1.4m | ▲ 149% |
| Other amounts receivable41 | - | €62,052 | €45,022 | €36,940 | €39,159 | ▲ 6.0% |
| Cash at bank and in hand54/58 | €88,217 | €345,715 | €20,028 | €17,317 | €1,458 | ▼ 91.6% |
| Deferred charges and accrued income490/1 | - | €33,420 | €39,466 | €36,510 | €28,517 | ▼ 21.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.8m | €7.4m | €6.8m | €7.9m | €8.2m | ▲ 3.6% |
| Equity10/15 | €265,940 | €465,014 | €590,646 | €322,830 | -€192,363 | ▼ 160% |
| Contributions10/11 | €66,494 | €66,494 | €66,494 | €66,494 | €66,494 | = |
| Capital10 | - | €66,494 | €66,494 | €66,494 | €66,494 | = |
| Issued capital100 | - | €66,494 | €66,494 | €66,494 | €66,494 | = |
| Reserves13 | €6,649 | €6,649 | €6,649 | €6,649 | €6,649 | = |
| Non-distributable reserves130/1 | - | €6,649 | €6,649 | €6,649 | €6,649 | = |
| Legal reserve130 | - | €6,649 | €6,649 | €6,649 | €6,649 | = |
| Profit (loss) carried forward14 | €192,797 | €391,871 | €517,503 | €249,687 | -€265,506 | ▼ 206% |
| Provisions and deferred taxes16 | €5,323 | - | - | - | - | - |
| Amounts payable17/49 | €7.5m | €6.9m | €6.2m | €7.6m | €8.4m | ▲ 10.5% |
| Amounts payable after more than one year17 | €5.8m | €5.1m | €4.1m | €5.3m | €5.7m | ▲ 7.3% |
| Financial debts170/4 | - | €1.9m | €1.7m | €3.0m | €2.7m | ▼ 11.5% |
| Advances received on contracts in progress176 | - | €114,983 | €62,362 | €8,974 | - | - |
| Other amounts payable178/9 | - | €3.1m | €2.3m | €2.3m | €3.0m | ▲ 32.3% |
| Amounts payable within one year42/48 | €1.7m | €1.7m | €2.1m | €2.3m | €2.7m | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | - | €467,939 | €458,118 | €433,351 | €428,831 | ▼ 1.0% |
| Financial debts43 | - | €3,829 | €3,829 | €803,829 | €968,391 | ▲ 20.5% |
| Credit institutions430/8 | - | €3,829 | €3,829 | €803,829 | €968,391 | ▲ 20.5% |
| Trade debts44 | €717,519 | €1.1m | €1.3m | €876,337 | €1.0m | ▲ 17.0% |
| Suppliers440/4 | - | €1.1m | €1.3m | €876,337 | €838,955 | ▼ 4.3% |
| Bills of exchange payable441 | - | - | - | - | €185,968 | - |
| Taxes, remuneration and social security45 | - | €105,224 | €206,647 | €94,000 | €286,829 | ▲ 205% |
| Taxes450/3 | - | €21,315 | €99,017 | €44,605 | €174,850 | ▲ 292% |
| Remuneration and social security454/9 | - | €83,909 | €107,630 | €49,395 | €111,979 | ▲ 127% |
| Other amounts payable47/48 | - | €97,792 | €97,792 | €97,792 | €500 | ▼ 99.5% |
| Accrued charges and deferred income492/3 | - | €18,794 | €10,590 | €4,195 | €16,665 | ▲ 297% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €198,462 | €199,074 | €125,632 | -€267,816 | -€515,193 | ▼ 92.4% |
| + Depreciation and write-downs630 | €591,118 | €539,772 | €586,623 | €593,022 | €619,068 | ▲ 4.4% |
| Operating cash flow (approximation) | €789,580 | €738,846 | €712,255 | €325,205 | €103,875 | ▼ 68.1% |
| Investment in fixed assets (approximation) | - | -€317,676 | -€77,231 | -€1.9m | -€220,915 | ▲ 88.5% |
| Change in cash | - | €257,498 | -€325,687 | -€2,711 | -€15,859 | ▼ 485% |
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
2026
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 190 days late
2024
31-12
Financial
Weakest financial yearnet -€515,193
Net result drops to -€515,193, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 50 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
31-12
Financial
Equity above €500,000Eq €590,646 ▲27%
3 profitable years in a row build equity to €590,646.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €199,074 ▲0.3%
Net result €199,074, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €198,462
Net result €198,462 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €265,940 ▲294%
Equity rises from €67,478 to €265,940.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Ternat · 2 establishment units since 2001
Ground area
3,709 m²
Building footprint
875 m²
Volume, LiDAR
7,078 m³
2 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
2 establishment units
ALBRO NV
since 20012.047.257.947
Albro Beveren-Leie
since 20122.205.636.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 34006B0539/00M005 | Flanders | 629 m² | 1 · 625 m² | 11.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
G.A.B.CONTROLE HOLDING
11 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- G.A.B.CONTROLE HOLDING
- ALBRO
Highest known parent: G.A.B.CONTROLE HOLDING. The sources do not say who stands above it.
Owners 1
-
99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsMagazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Legal Entity Identifier
5493004V5CGOQBS3KD06
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Of 303 companies in sector 82920 we hold annual accounts for 197. 129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
82920Office administrative, office support and other business support activities
47512Retail sale of household textiles and bedding
49410Freight transport by road
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440114041
Registered
05-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.