Active BE 0681.889.511Private limited company (pre-2019)

ALG CONSTRUCT

· 8 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of ALG CONSTRUCT is ≥ 25% (high). The 2022 annual accounts show equity of €25k and a net result of €5k. Equity is growing by ~30.5% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€25k
Net result	€5k
Active	8 yrs
Publications	7

Snowflake analysis 5 axes · computed by Checked

90 / 100

Exceptional profile, strong across almost every axis.

Health 100

Profitability 100

Solvency 98

Growth 78

Stability 76

Bankruptcy probability (12 mo) Checked model v1 · free

≥ 25% High

0%0,5%1,5%4%10%≥25%

Recent warning signals +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

9 / 100

Low risk

Components

· 3 administrative flags (+9)

Trust signals 2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administrative Flags 3 events

Address struck×3

Health barometer FY 2022 · computed

100 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 01-12-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~30.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€5k

-16.6% 18-22

Net profit

€5k

+22.3% 18-22

Cash flow

€5k

+24.1% 18-22

Total assets

€43k

+19.9% 18-22

Equity

€25k

+25.7% 18-22

Working capital

€25k

+25.0% 18-22

Income taxes

€2k

+30.5% 18-22

Debt

€18k

+12.6% 18-22

Debt ≤ 1y

€18k

+12.6% 18-22

Current ratio

2.41

+6.2% 18-22

Quick ratio

2.41

+6.2% 18-22

Solvency

59.1%

+4.8% 18-22

Debt / equity

0.69

-10.4% 18-22

ROE

20.4%

-2.7% 18-22

ROA

12.1%

+1.9% 18-22

Interest coverage

28.44

+868.5% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€5k
Net profit	€5k
Cash flow	€5k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€43k
Equity	€25k
Debt	€18k
of which ≤ 1y	€18k
of which > 1y	-
Working capital	€25k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.41
Quick ratio	2.41
Working capital ratio	57.6%
Solvency	59.1%
Debt / equity	0.69
Long-term debt ratio	-
Interest coverage	28.44
Gross margin	-
Net margin	-
ROA	12.1%
ROE	20.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €633 · 1.5% Current assets €42k · 98.5%

Equity & liabilities

Equity €25k · 59.1% Debt €18k · 40.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€43k
Fixed assets	21/28	€633
Tangible fixed assets	22/27	€633
Current assets	29/58	€42k
Amounts receivable within one year	40/41	€42k
Cash & bank	54/58	€171
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€43k
Equity	10/15	€25k
Reserves	13	€4k
Accumulated profits (losses)	14	€22k
Amounts payable	17/49	€18k
Amounts payable within one year	42/48	€18k
Trade debts payable within one year	44	€12k
Income statement
Gross operating margin	9900	€5k
Operating result	9901	€5k
Financial income	75	€2k
Financial charges	65	€192
Result before taxes	9903	€7k
Income taxes	67/77	€2k
Net result for the period	9904	€5k
Result to be appropriated	9905	€5k

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Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	28-09-2017
Status	Active
Postal code	-

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22004C0677/00T000	Flanders	210 m²	1 · 89 m²	10.1 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

08-12-2025

KBO administration Address struck

18-08-2025

KBO administration Address struck

14-04-2025

State Gazette act Director changes

14-02-2025

State Gazette act Director changes

12-02-2025

State Gazette act Director changes

ortuna Bruuset

29-01-2025

State Gazette act Director changes

24-01-2025

KBO administration Address struck

2023

01-12-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

01-12-2023

NBB filing Annual accounts filed

fiscal year 2021 · micro

01-12-2023

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

06-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

26-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

Lifecycle & Insolvency Signals 3 events

08-12-2025

KBO administration Address struck

· Publications in State Gazette ↗

18-08-2025

KBO administration Address struck

· Publications in State Gazette ↗

24-01-2025

KBO administration Address struck

· Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 4 acts

All acts · 4 updated 1 year ago

2025

14-04-2025 Ferreira Miranda Fernando resigns as director Director changes

Ferreira Miranda Fernando, Bestuurder

Original publication ↗

Technical details

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      "subkind": "regular",
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      "effective_date": "2025-03-31",
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14-02-2025 Discharge granted to the board Director changes

Original publication ↗

Technical details

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12-02-2025 2 directors appointed Director changes·ortuna Bruuset

Ferreira Miranda Femando, Zaakvoerder
Brandao Monteiro De Sousa Ricardo Daniel, Zaakvoerder

Notary: ortuna Bruuset · Sint-Genesius-Rode

Original publication ↗

Technical details

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      "effective_date": "2025-02-01",
      "evidence_quote": "Benoeming van meneer Ferreira Miranda Femando op de post zaakvoerder vanaf 1 februari 2025 totdat 31 maart 2025. Zijn mandaat is kosteloos.",
      "decharge_status": null,
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  "act_meta": {
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    "pub_date": "2025-02-12",
    "filing_date": "2025-02-05",
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  "co_filed_documents": [],
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}

29-01-2025 1 director appointed, 1 resigning Director changes

Brandao Monteiro De Sousa Daniel, Zaakvoerder
Ferreira Miranda Fernando, Zaakvoerder

Original publication ↗

Technical details

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      "role": "zaakvoerder",
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      "subkind": "regular",
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      "compensated": null,
      "effective_date": "2024-11-01",
      "evidence_quote": "De algemeen vergadering aanvaard de onslating van meneer Ferreira Miranda Fernando van zijn functie als zaakvoerder. Kwijting wordt gegeven aan hem van zijn maandaat en dit 1 november 2024.",
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      "effective_date": "2024-12-31",
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      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_date",
        "value": "2024-12-31"
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      "kind": "substantive_delegation",
      "role": "zaakvoerder",
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      "effective_date": "2024-11-01",
      "evidence_quote": "Bij beslissing van de zaakvoerder wordt beslist tot verplaatsing van de maatschappelijke zeter naar :",
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  "notary": {
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  "act_meta": {
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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameFR

ALG CONSTRUCT

Registration history

08-12-2025 Address struck
18-08-2025 Address struck
24-01-2025 Address struck

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.