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ALDRON

Active
Public limited companyfounded 200421 yrs activeGentse Heerweg 42, 8790 Waregem, BelgiumKBO/BCE: BE 0870.933.405
Summary

The computed 12-month bankruptcy probability of ALDRON is 4.4% (elevated). The 2025 annual accounts show equity of €2.69M and a net result of €797k. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 456 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
41 / 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-4
Solvency38▼-4
Growth38=
Track record100
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.87 in 2024; short-term debt: 84.7% and cash: 19.8% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
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 2025
Solvency, return and age of the figures
Solvency
12.9%
Return on assets
3.8%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 456 sector peers (2025).
NBB · sector comparison
Position among 456 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
7 d early
2023
6 d early
2022
5 d early
2021
3 d early
2020
12 d early
2019
42 d early
← before the deadline after the deadline →
Checked, nothing found (2)
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 months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€98.83M▲ 2.4%
2024 · €96.49M
2018: €72.82M 2019: €73.47M 2020: €57.79M 2021: €68.27M 2022: €68.29M 2023: €88.94M 2024: €96.49M
2018 → 2025
EBIT margin
1.6%▼ 0.8pp
2024 · 2.4%
2018: 5.1% 2019: 5.6% 2020: 2.8% 2021: 3.5% 2022: 0.3% 2023: 2.4% 2024: 2.4%
2018 → 2025
Net result
€797k▼ 49.7%
2024 · €1.58M
2018: €2.56M 2019: €2.97M 2020: €1.58M 2021: €2.22M 2022: €256k 2023: €1.41M 2024: €1.58M
2018 → 2025
Working capital
€-3.45M▼ 54.8%
2024 · €-2.23M
2018: €5.87M 2019: €3.00M 2020: €5.79M 2021: €303k 2022: €-367k 2023: €-1.92M 2024: €-2.23M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€68.27M-€68.29M=€88.94M▲ 30.2%€96.49M▲ 8.5%€98.83M▲ 2.4%
Equity€3.64M-€2.90M▼ 20.4%€3.31M▲ 14.2%€3.39M▲ 2.6%€2.69M▼ 20.7%
Operating result€2.37M-€231k▼ 90.2%€2.09M▲ 805%€2.33M▲ 11.2%€1.61M▼ 30.7%
Net result€2.22M-€256k▼ 88.5%€1.41M▲ 451%€1.58M▲ 12.4%€797k▼ 49.7%
Result per fiscal year
Operating resultNet result
€0€1.00M€2.00MOperating result 2021: €2.37M€2.37MNet result 2021: €2.22M€2.22MOperating result 2022: €231k€231kNet result 2022: €256k€256kOperating result 2023: €2.09M€2.09MNet result 2023: €1.41M€1.41MOperating result 2024: €2.33M€2.33MNet result 2024: €1.58M€1.58MOperating result 2025: €1.61M€1.61MNet result 2025: €797k€797k20212022202320242025€0€1M€2MOperating result 2023: €2.09M€2.1MNet result 2023: €1.41M€1.4MOperating result 2024: €2.33M€2.3MNet result 2024: €1.58M€1.6MOperating result 2025: €1.61M€1.6MNet result 2025: €797k€797k202320242025
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.79M
Fixed assets €6.63M ▲ 18.0%
Current assets €14.16M ▼ 1.4%
Equity and liabilities €20.79M
Equity €2.69M ▼ 20.7%
Debt €18.11M ▲ 9.1%
Debt's share of the balance-sheet total rises from 83.0% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.35M
2024 · €2.88M
Cash flow
€1.53M
2024 · €2.14M
Current ratio
0.80
2024 · 0.87
Debt to equity
6.74
2024 · 4.90
ROE
29.7%
2024 · 46.7%
ROA
3.8%
2024 · 7.9%
Interest coverage
11.51
2024 · 19.52
Debt ≤ 1 year
€17.61M
2024 · €16.60M
Debt > 1 year
€488k
Income taxes
€714k
2024 · €695k
Staff costs
€91.37M
2024 · €88.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet Code20242025
Assets
Total assets20/58€19.99M€20.79M
Formation expenses20€0€0=
Fixed assets21/28€5.62M€6.63M
Intangible fixed assets21€1.68M€2.63M
Tangible fixed assets22/27€202k€249k
Furniture and vehicles24€184k€223k
Other tangible fixed assets26€18k€26k
Financial fixed assets28€3.74M€3.75M
Affiliated companies280/1€3.62M€3.62M=
Amounts receivable281€3.62M€3.62M=
Other financial fixed assets284/8€124k€131k
Amounts receivable and cash guarantees285/8€124k€131k
Current assets29/58€14.37M€14.16M
Amounts receivable after more than one year29€1.02M€1.02M=
Other amounts receivable291€1.02M€1.02M=
Amounts receivable within one year40/41€5.90M€8.82M
Trade receivables40€4.38M€3.37M
Other amounts receivable41€1.52M€5.45M
Cash at bank and in hand54/58€7.37M€4.13M
Deferred charges and accrued income490/1€79k€195k
Equity and liabilities
Total equity and liabilities10/49€19.99M€20.79M
Equity10/15€3.39M€2.69M
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.33M€2.63M
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€3.32M€2.62M
Amounts payable17/49€16.60M€18.11M
Amounts payable after more than one year17-€488k
Financial debts170/4-€488k
Credit institutions173-€488k
Amounts payable within one year42/48€16.60M€17.61M
Current portion of amounts payable after more than one year42-€131k
Financial debts43€2.52M€3.10M
Credit institutions430/8€247k€246k
Other loans439€2.27M€2.85M
Trade debts44€305k€378k
Suppliers440/4€305k€378k
Taxes, remuneration and social security45€10.37M€11.13M
Taxes450/3€417k€329k
Remuneration and social security454/9€9.96M€10.81M
Other amounts payable47/48€3.40M€2.87M
Accrued charges and deferred income492/3€5k€9k
Income statement Code20242025
Operating income70/76A€97.52M€100.70M
Turnover70€96.49M€98.83M
Other operating income74€991k€973k
Non-recurring operating income76A€41k€903k
Operating charges60/66A€95.19M€99.09M
Services and other goods61€5.77M€6.80M
Remuneration, social security and pensions62€88.67M€91.37M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€551k€735k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€112k€97k
Other operating charges640/8€88k€94k
Operating profit (loss)9901€2.33M€1.61M
Financial income75/76B€101k€105k
Recurring financial income75€101k€105k
Income from current assets751€101k€105k
Other financial income752/9€13€300
Financial charges65/66B€152k€208k
Recurring financial charges65€152k€208k
Debt charges650€148k€204k
Other financial charges652/9€4k€4k
Profit (loss) for the period before taxes9903€2.28M€1.51M
Income taxes67/77€695k€714k
Taxes670/3€702k€728k
Tax adjustments and reversals of tax provisions77€7k€14k
Profit (loss) for the period9904€1.58M€797k
Profit (loss) for the period to be appropriated9905€1.58M€797k
Appropriation of the result
Profit (loss) to be appropriated9906€1.58M€797k
Transfer from equity791/2€1.50M€1.50M=
From reserves792€1.50M€1.50M=
Transfer to equity691/2€1.58M€797k
To other reserves6921€1.58M€797k
Profit to be distributed694/7€1.50M€1.50M=
Return on contributions (dividend)694€1.50M€1.50M=
Social balance
Average headcount (FTE)90872,624.92,482.0

The notes to these accounts (68 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €256k ▼88.5%
Net result drops to €256k, the lowest in the series; recovery starts the following year.
28-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Highest result since 2018net €2.97M ▲16.1%
Operating result €4.14M, net result €2.97M, both a record.
17-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
29-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
15 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, Waregem · 40 establishment units since 2005
establishment approximate All 40 establishment units on the map
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.

Gentse Heerweg 428790 Waregem
Ground area
6.0 ha
Building footprint
1.7 ha
Volume, LiDAR
144,048 m³
40 parcels, Flanders · tallest building 30.1 m, ±7 floors. Linked by address, not a title deed.
40 establishment units
daenens
Gentse Heerweg 42, 8790 WaregemNACE 74855
since 20052.146.230.116
daenens
Handelskaai(Kor) 1F, 8500 KortrijkNACE 74501
since 20062.185.863.128
daenens
Boekenplein 14, 8790 WaregemNACE 74501
since 20062.185.862.336
daenens
Markt 12, 9800 DeinzeNACE 74501
since 20062.185.862.534
daenens
De Breyne Peellaertstraat(D) 3A, 8600 DiksmuideEmployment placement agencies
since 20082.185.741.976
daenens
Rijselstraat 102, 8900 IeperEmployment placement agencies
since 20082.185.738.711
Show 34 more locations
daenens
Hoogstraat 73, 9620 ZottegemEmployment placement agencies
since 20082.185.740.887
daenens
Kleine Dam 44, 9160 LokerenEmployment placement agencies
since 20092.185.738.513
daenens
Grotesteenweg-Zuid 18A, 9052 GentEmployment placement agencies
since 20092.185.742.570
daenens
Weversstraat 22, 1730 AsseEmployment placement agencies
since 20092.185.737.721
daenens
Parklaan 11, 9100 Sint-NiklaasEmployment placement agencies
since 20092.185.742.768
daenens
Staatsbaan 191A, 9870 ZulteHouseholds as employers of domestic personnel
since 20112.204.615.109
daenens
Wielsbekestraat 3D, 8780 OostrozebekeHouseholds as employers of domestic personnel
since 20112.204.614.812
daenens
Brugsestraat 44A, 8020 OostkampHouseholds as employers of domestic personnel
since 20112.204.613.426
daenens
Beverestraat 110, 9700 OudenaardeHouseholds as employers of domestic personnel
since 20122.204.613.030
daenens
Gentsestraat 79, 8530 HarelbekeHouseholds as employers of domestic personnel
since 20122.204.614.218
daenens
Hoogstraat 27A, 9340 LedeEmployment placement agencies
since 20122.206.145.432
daenens
Dorpshart 54, 2870 Puurs-Sint-AmandsEmployment placement agencies
since 20132.216.048.043
daenens
Luikersteenweg 299, 3500 HasseltEmployment placement agencies
since 20132.220.719.186
daenens
Bergensesteenweg 95, 1500 HalleEmployment placement agencies
since 20142.236.331.337
daenens
Gistelse Steenweg 358, 8200 BruggeEmployment placement agencies
since 20152.240.124.037
daenens
Brugsestraat(Kor) 3, 8500 KortrijkEmployment placement agencies
since 20152.241.657.726
daenens
Antwerpse Steenweg 47C, 9080 LochristiEmployment placement agencies
since 20152.241.657.627
daenens
Abeelstraat 36, 9600 RonseEmployment placement agencies
since 20152.241.657.825
daenens
Stationsstraat 49, 3970 LeopoldsburgEmployment placement agencies
since 20152.247.750.316
daenens
Dorp 39, 3920 LommelEmployment placement agencies
since 20162.255.285.434
daenens
Oude Zandstraat(BEV) 64, 9120 BeverenEmployment placement agencies
since 20172.263.291.201
daenens
Martelaarslaan 338, 9000 GentEmployment placement agencies
since 20182.275.197.950
daenens
Varkensmarkt 6a, 1800 VilvoordeEmployment placement agencies
since 20182.281.552.737
daenens
Cesar Meeusstraat 21, 9240 ZeleEmployment placement agencies
since 20232.343.036.186
daenens
Florimond Leirensstraat 1, 9230 WetterenEmployment placement agencies
since 20232.343.036.087
daenens
Hospitaalstraat 43, 9220 Hamme (Vl.)Employment placement agencies
since 20232.343.036.285
daenens
Sint-Gillislaan (STG) 111-113, 9200 DendermondeEmployment placement agencies
since 20232.343.036.483
daenens
Brugstraat 38, 9500 GeraardsbergenEmployment placement agencies
since 20232.343.036.681
daenens
O.L.Vrouwplein 15, 9150 Beveren-Kruibeke-ZwijndrechtEmployment placement agencies
since 20232.343.036.780
daenens
Centrumlaan 18, 9400 NinoveOffice administrative and support services
since 20262.388.003.705
Daenens
Markt 21, 9900 EekloEmployment placement agencies
since 20262.389.542.639
Daenens
Vakekerkweg 11a, 9990 MaldegemOffice administrative and support services
since 20262.389.542.738
Daenens
Antwerpsesteenweg 390, 9040 GentEmployment placement agencies
since 20262.390.546.885
Daenens
Centrumstraat 4, 9090 Merelbeke-MelleOther business support services
since 20262.390.547.875
40 parcels
Flanders 40 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C1033/00A002 Flanders 1.7 ha 1 · 466 m² 30.1 m · 4 fl.
46384E0054/00F003 Flanders 6,799 m² 1 · 3,538 m² 8.9 m · 2 fl.
41034D0832/00T000 Flanders 4,604 m² 1 · 262 m² 2.0 m
45508B0216/00K000 Flanders 3,470 m² 1 · 144 m² 17.9 m · 5 fl.
12030B0390/00L000 Flanders 2,096 m² 1 · 1,897 m² 14.7 m · 3 fl.
41081A0251/00D000
ProtectedTownscape or village viewStadskern ZottegemSource ↗
Flanders 2,064 m² 1 · 829 m² 13.3 m · 4 fl.
34013A0203/00C005 Flanders 1,972 m² 1 · 130 m² 13.8 m · 4 fl.
31425C0303/00T018 Flanders 1,852 m² 1 · 213 m² 13.5 m · 4 fl.
44082A0287/00B000 Flanders 1,756 m² 1 · 172 m² 10.9 m · 2 fl.
37010E0473/00V000 Flanders 1,651 m² 1 · 408 m² -
71324E0570/00B002 Flanders 1,621 m² 1 · 656 m² -
23027F0178/00K005 Flanders 1,596 m² 1 · 856 m² 18.5 m · 5 fl.
41362B1059/02T000 Flanders 1,281 m² 1 · 239 m² 23.0 m · 6 fl.
31022I0286/00Y000 Flanders 860 m² 1 · 369 m² 19.6 m · 5 fl.
44011B0680/00H000 Flanders 853 m² 1 · 495 m² 19.4 m · 5 fl.
44806F0576/00K004 Flanders 838 m² 1 · 274 m² 22.4 m · 7 fl.
34452A0656/00A000 Flanders 797 m² 1 · 236 m² 8.4 m · 1 fl.
46443E1763/00P000 Flanders 781 m² 1 · 743 m² 19.2 m · 4 fl.
42402F0223/00L000 Flanders 607 m² 1 · 200 m² 13.8 m · 3 fl.
44081C0013/00C006 Flanders 583 m² 1 · 406 m² 15.7 m · 4 fl.
44040C0116/00L002 Flanders 570 m² 1 · 220 m² 10.7 m · 2 fl.
46502D0033/00L000 Flanders 534 m² 1 · 180 m² 14.0 m · 4 fl.
72020C0628/00C002
ProtectedCultural-historical landscapeMarktpleinSource ↗
Flanders 495 m² 1 · 327 m² 11.3 m · 3 fl.
46013A0845/00F000 Flanders 471 m² 1 · 445 m² 19.1 m · 4 fl.
42021A0377/00W000 Flanders 439 m² 1 · 439 m² 15.6 m · 3 fl.
42302E0453/00C000 Flanders 421 m² 1 · 23 m² 12.1 m · 4 fl.
34352A0119/00B007 Flanders 407 m² 1 · 184 m² -
44432C0778/00G000 Flanders 388 m² 1 · 124 m² 14.5 m · 4 fl.
43352E1097/00F000indicative
ProtectedTownscape or village viewParochiekerk Sint-Vincentius met aanpalende stratenSource ↗
Flanders 372 m² 1 · 262 m² 15.0 m · 3 fl.
43503H1203/00N000 Flanders 366 m² 1 · 256 m² 9.0 m · 2 fl.
45423E0507/00P000 Flanders 361 m² 1 · 291 m² 14.1 m · 3 fl.
34022G0187/00V002 Flanders 349 m² 1 · 459 m² 21.2 m · 6 fl.
23642D0692/00R000 Flanders 327 m² 1 · 301 m² 12.4 m · 4 fl.
42452B0279/00X000 Flanders 325 m² 1 · 155 m² 9.0 m · 2 fl.
23322L0425/00P000 Flanders 273 m² 1 · 273 m² 17.6 m · 5 fl.
71034A0556/00B000 Flanders 240 m² 1 · 125 m² 14.7 m · 3 fl.
44034C0966/00F006 Flanders 200 m² 1 · 102 m² 6.7 m · 2 fl.
33011I0338/00A000 Flanders 177 m² 1 · 113 m² 11.8 m · 3 fl.
41018B0153/00N000 Flanders 139 m² 1 · 120 m² 16.9 m · 4 fl.
32003A0204/00A000
ProtectedTownscape or village viewGrote Markt met omgevingSource ↗
Flanders 106 m² 1 · 94 m² 13.8 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 39
39 of 40 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
4 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Public money · subsidies and aid

Flemish government

2022 to 2025 · 22 entries · 219,219,907 EUR awarded · 219,134,733 EUR paid
Year Entries awardedpaid
2025 6 58,787,105 EUR58,812,672 EUR
2024 6 61,747,350 EUR61,810,853 EUR
2023 5 55,476,283 EUR55,438,847 EUR
2022 5 43,209,169 EUR43,072,361 EUR
Schemes
Dienstencheques
4 entries · 218,233,894 EUR · 218,233,894 EUR paid · Departement Werk en Sociale Economie
Opleidingsfonds dienstencheques
5 entries · 574,795 EUR · 489,621 EUR paid · Departement Werk en Sociale Economie
Vlaams opleidingsverlof (VOV)
4 entries · 186,286 EUR · 186,286 EUR paid · Departement Werk en Sociale Economie
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
4 entries · 176,701 EUR · 176,701 EUR paid · Departement Werk en Sociale Economie
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
3 entries · 39,500 EUR · 39,500 EUR paid · Departement Werk en Sociale Economie
Show 1 more
Individueel Maatwerk
2 entries · 8,731 EUR · 8,731 EUR paid · Departement Werk en Sociale Economie

Recognitions: source did not answer, try again later.

Similar companies · same sector, comparable size

Of 7,356 companies in sector 81210 we hold annual accounts for 2,735. 415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded31-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
96910Personal service activities
78100Employment placement agencies
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.