ALCO GROUP
ActiveALCO GROUP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €22k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 62% of 970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+6
Solvency81=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.88 in 2024; short-term debt: 44.4% and cash: 12.9% of total assets), and 44.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
9.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€135k▲ 19.7%
2024 · €113k
2018: €86k
2019: €112k
2020: €118k
2021: €121k
2022: €103k
2023: €104k
2024: €113k
2018 → 2025
Total assets
€243k▲ 21.2%
2024 · €201k
2018: €271k
2019: €317k
2020: €316k
2021: €310k
2022: €199k
2023: €183k
2024: €201k
2018 → 2025
Net result
€22k▲ 155%
2024 · €9k
2018: €27k
2019: €26k
2020: €6k
2021: €3k
2022: €-18k
2023: €1k
2024: €9k
2018 → 2025
Working capital
€26k▼ 64.1%
2024 · €73k
2018: €47k
2019: €60k
2020: €108k
2021: €86k
2022: €73k
2023: €68k
2024: €73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€103k▼ 14.7%€104k▲ 1.0%€113k▲ 8.4%€135k▲ 19.7%
Operating result€7k-€-15k€7k€11k▲ 57.2%€41k▲ 256%
Net result€3k-€-18k€1k€9k▲ 720%€22k▲ 155%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 256% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243k
Fixed assets
€109k▲ 143%
Current assets
€134k▼ 13.9%
Equity and liabilities €243k
Equity
€135k▲ 19.7%
Debt
€108k▲ 23.0%
The debt ratio rises from 43.7% to 44.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2024 · €24k
Cash flow
€40k▲
2024 · €21k
Solvency
55.6%▼
2024 · 56.3%
Current ratio
1.24▼
2024 · 1.88
Quick ratio
1.24▼
2024 · 1.88
Debt / equity
0.80▲
2024 · 0.78
ROE
16.5%▲
2024 · 7.7%
ROA
9.2%▲
2024 · 4.4%
Interest coverage
8.80▲
2024 · 6.03
Debt
€108k▲
2024 · €88k
Debt ≤ 1 year
€108k▲
2024 · €83k
Income taxes
€15k▲
2024 · €2k
Staff costs
€303k▼
2024 · €323k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€201k€243k▲
Fixed assets21/28€45k€109k▲
Tangible fixed assets22/27€38k€102k▲
Plant, machinery and equipment23€1k€6k▲
Furniture and vehicles24€32k€88k▲
Other tangible fixed assets26€5k€8k▲
Financial fixed assets28€7k€7k=
Current assets29/58€156k€134k▼
Amounts receivable within one year40/41€105k€102k▼
Trade receivables40€53k€32k▼
Other amounts receivable41€52k€70k▲
Cash at bank and in hand54/58€2k€31k▲
Deferred charges and accrued income490/1€49k€745▼
Equity and liabilities
Total equity and liabilities10/49€201k€243k▲
Equity10/15€113k€135k▲
Contributions10/11€18k€18k=
Reserves13€2k€22k▲
Distributable reserves133€2k€22k▲
Profit (loss) carried forward14€93k€95k▲
Amounts payable17/49€88k€108k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€83k€108k▲
Current portion of amounts payable after more than one year42€12k€5k▼
Financial debts43€16k-
Credit institutions430/8€16k-
Trade debts44€41k€79k▲
Suppliers440/4€41k€79k▲
Taxes, remuneration and social security45€14k€23k▲
Taxes450/3-€10k
Remuneration and social security454/9€14k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62€323k€303k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€18k▲
Other operating charges640/8€11k€4k▼
Gross operating margin9900€358k€365k▲
Operating profit (loss)9901€11k€41k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€11k€37k▲
Income taxes67/77€2k€15k▲
Profit (loss) for the period9904€9k€22k▲
Profit (loss) for the period to be appropriated9905€9k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€115k▲
Profit (loss) brought forward from the previous period14P€84k€93k▲
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-18k ▼695%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Equity above €100kEq €112k ▲29.9%
2 profitable years in a row build equity to €112k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Emiel Maeyensstraat 439040 GentGround area
205 m²
Building footprint
84 m²
Volume, LiDAR
417 m³
Parcel 44061B0239/00H007, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALCO GROUP
since 20112.199.979.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0239/00H007 | Flanders | 205 m² | 1 · 84 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 126 EUR awarded · 126 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 126 EUR | 126 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
13 categoriesALCO GROUP BV35843
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Of 2,329 companies in sector 42110 we hold annual accounts for 1,097. 759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2011
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
42212Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.