Turnover
≈ €130,000 estimated
The micro format states no turnover.
ALGARN
Overview
Lifetime
1 annual account with figurespeak €44,014 (2025)
€44,014
peak €24,973 (2025)
€24,973
peak €27,473 (2025)
€27,473
€85,477
Board2 names since 2025
1 directorGARNIER Alain
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Incorporation 19-061 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 50% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 0.4%
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.48, cash €22,761
Size: total assets €112,950
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 70, micro). It does better than 26% of them on solvency, 58% on liquidity and 66% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,390 companies had the same profile as ALGARN has now. Each dot stands for 6 companies, two years later.
96.7%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ALGARN itself is lower: 0.1% within 12 months. It rests on far more data about ALGARN than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,390 companies, not a prediction for ALGARN. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48, below the usual 1.5. Short-term debt is 25.1% and cash 20.2% of total assets. 75.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Appointment: RENARD Nathalie (director)
General meeting of 01-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1024387306
Incorporation
Founding capital of €2,500, 1,250 shares · Founder: GARNIER Alain · Appointment: GARNIER Alain (director) · published on 19-06-2025 · Gazette deed
First establishment
Rue d'Oreye 1, Crisnée
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALGARN Crisnée | €112,950 | €44,014 | 24.3% | - |
| PP IMMO Conseils Liège | €98,371 | €43,820 | 39.2% | - |
| OOSTMIND Braives | €117,936 | €52,227 | 32.8% | - |
| AKON ENGINEERING Chaudfontaine | €105,355 | €38,431 | 28.9% | - |
| TP Consultancy Vilvoorde | €112,069 | €45,781 | 29.3% | - |
| Jonorah Aalter | €122,754 | €42,552 | 22.3% | - |
| GABROS Grez-Doiceau | €104,322 | €40,877 | 30.5% | - |
These companies have the same main activity as ALGARN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €98,400 and €123,000, founded in 2025.
Official details
Source: KBO- Status
- Active since 17-06-2025Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.374.884.1574367 Crisnée, since 17-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2025
Annual accounts 2025
- €44,014
- €24,973
- €27,473
- €112,950
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on ALGARN
ALGARN has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,473 and a net result of €24,973.
Its solvency ranks better than 26% of 39,360 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€44,014
€36,021
€24,973
€13,674
24.3%
1.48
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €77,000 and €180,000.
Balance sheet
balance sheet total €112,950 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
24.3%
Higher than 26% of 39,360 companies in 2025.
1.48
Higher than 39% of 38,044 companies in 2025.
22.1%
Higher than 61% of 38,516 companies in 2025.
ALGARN
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
112,950 | |
21/28 |
70,911 | |
22/27 |
70,911 | |
24 |
70,911 | |
29/58 |
42,040 | |
29 |
13,539 | |
291 |
13,539 | |
40/41 |
3,135 | |
41 |
3,135 | |
54/58 |
22,761 | |
490/1 |
2,604 | |
| Balance sheet: equity and liabilities | ||
10/49 |
112,950 | |
10/15 |
27,473 | |
10/11 |
2,500 | |
13 |
24,973 | |
133 |
24,973 | |
17/49 |
85,477 | |
17 |
57,112 | |
170/4 |
57,112 | |
42/48 |
28,365 | |
42 |
14,779 | |
44 |
234 | |
440/4 |
234 | |
45 |
13,352 | |
450/3 |
10,992 | |
454/9 |
2,360 | |
| Income statement | ||
9900 |
44,014 | |
630 |
7,142 | |
640/8 |
852 | |
9901 |
36,021 | |
75/76B |
35 | |
75 |
35 | |
65/66B |
1,308 | |
65 |
1,308 | |
9903 |
34,748 | |
67/77 |
9,775 | |
9904 |
24,973 | |
9905 |
24,973 | |
| Appropriation of the result | ||
9906 |
24,973 | |
691/2 |
24,973 | |
6921 |
24,973 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00228806 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 43,162 | ||
| 32,115 | ||
| 78,052 | ||
| 13,674 | ||
| 24.3% | ||
| 1.48 | ||
| 3.11 | ||
| 90.9% | ||
| 22.1% | ||
| 33.01 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €78,052 |
| €7,142 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on ALGARN
Debt's share of the balance-sheet total is 75.7%.
Board & ownership
Board
2 directors, no change since July 2026Director (not named in the articles)
since 17-06-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026
Mandates through the years
2 names, the dashed line is todayGARNIER Alain
Director (not named in the articles)
Director (not named in the articles)
RENARD Nathalie
Director
Director
Board
Mandates as a list
- GARNIER Alain
- Director (not named in the articles), from 17-06-2025 to date
- RENARD Nathalie
- Director, appointed by deed of 04-08-2026, still in office
Control
Capital
- Contribution
- €2,500
- Shares
- 1,250
- Contribution per share
- €2
- Equity per share
- €21.98 in 2025
- Source
- deed of 19-06-2025
Articles of association
deed of 19-06-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,250 shares
Shareholders
At incorporation
deed of 19-06-2025 ↗
- GARNIER Alain 1,250 shares (100%) · €2,500 in cash
Network & group
No group
ALGARN has no parent and no holdings in its annual accounts. ALGARN shares no director with another company.
Timeline
Timeline
5 events since 2025Board
Filings
Establishments
20252026
2026
- General meeting, 01-07-2026
- Director appointment, RENARD Nathalie
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1024387306
IncorporationFounding capital of €2,500, 1,250 shares · Founder: GARNIER Alain · Appointment: GARNIER Alain (director) · published on 19-06-20256 points ▸
- Founder, GARNIER Alain
- Founding capital, €2,500, 1,250 shares
- Registered office clause, rue d’Oreye 1B, à 4367 CRISNÉE
- Board rule, 1
- Director appointment, GARNIER Alain (director (not named in the articles))
- Permanent representative, GARNIER Alain
- The deed holds 4 more points.
First establishment Rue d'Oreye 1, Crisnée
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1024.387.306
- VAT number
- BE 1024.387.306
- Peppol ID
- 0208:1024387306
- Other Peppol ID
- 9925:BE1024387306
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-06-2025
- Financial year
- ends on 31 December
- Peppol
- Reachable since 20-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ALGARN in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-06-2025 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’achat,la vente,l’importation,l’exportation,la location de matériel électrique,électronique,informatique,de bureautique et de…”deed of 19-06-2025 (in French)
7 activities
- L’achat,la vente,l’importation,l’exportation,la location de matériel électrique,électronique,informatique,de bureautique et de télécommunication
- Le service,la consultance,la maintenance,la réparation et la formation en matière informatique,bureautique et de télécommunication
- La conception d’infrastructures,de modes d’emploi et de logiciels
- L’expertise et l’établissement de devis en matière informatique,de bureautique et de télécommunication
- Les moyens de télécommunication,les abonnements,la sécurisation des données,la transmission et la récupération de données
- La conception et la vente de produits multimédias
- Le développement de logiciels et d’applications,la création,l’hébergement et la gestion de sites web
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue d'Oreye 1 registered office 4367 Crisnée | 17-06-2025 | 2.374.884.157 |
Buildings and parcels at the address
- Ground area
- 589 m²
- Buildings
- 63 m²
- Volume, LiDAR
- 528 m³
- Tallest building
- 9.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64414B0244/00G000 | 589 m² | 1 · 63 m² | 9.5 m · 3 |