ALGECO
ActiveSummary
The computed 12-month bankruptcy probability of ALGECO is 2.9% (moderate). The 2025 annual accounts show equity of €145,437 and a net result of €125,437. Its solvency ranks better than 54% of 13604 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 11,280 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €96,130 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,400 |
| Other operating charges640/8 | €1,204 |
| Gross operating margin9900 | €292,922 |
| Operating profit (loss)9901 | €174,188 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €2,991 |
| Recurring financial charges65 | €2,991 |
| Profit (loss) for the period before taxes9903 | €171,197 |
| Income taxes67/77 | €45,760 |
| Profit (loss) for the period9904 | €125,437 |
| Profit (loss) for the period to be appropriated9905 | €125,437 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €413,047 | |
| Fixed assets21/28 | €170,800 | |
| Intangible fixed assets21 | €17,222 | |
| Tangible fixed assets22/27 | €153,577 | |
| Plant, machinery and equipment23 | €20,773 | |
| Furniture and vehicles24 | €92,009 | |
| Other tangible fixed assets26 | €40,796 | |
| Current assets29/58 | €242,248 | |
| Stocks and contracts in progress3 | €24,100 | |
| Stocks30/36 | €24,100 | |
| Amounts receivable within one year40/41 | €978 | |
| Trade receivables40 | €605 | |
| Other amounts receivable41 | €372 | |
| Cash at bank and in hand54/58 | €216,705 | |
| Deferred charges and accrued income490/1 | €465 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €413,047 | |
| Equity10/15 | €145,437 | |
| Contributions10/11 | €20,000 | |
| Reserves13 | €125,437 | |
| Distributable reserves133 | €125,437 | |
| Amounts payable17/49 | €267,610 | |
| Amounts payable after more than one year17 | €157,776 | |
| Financial debts170/4 | €157,776 | |
| Amounts payable within one year42/48 | €109,834 | |
| Current portion of amounts payable after more than one year42 | €17,717 | |
| Trade debts44 | €19,483 | |
| Suppliers440/4 | €19,483 | |
| Taxes, remuneration and social security45 | €34,150 | |
| Taxes450/3 | €27,799 | |
| Remuneration and social security454/9 | €6,351 | |
| Other amounts payable47/48 | €38,485 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €125,437 |
| + Depreciation and write-downs630 | €21,400 |
| Operating cash flow (approximation) | €146,837 |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2455/00G002 | Flanders | 2,926 m² | 1 · 2,520 m² | - |
| 31332E0065/00_000 | Flanders | 241 m² | 1 · 240 m² | 28.3 m · 9 fl. |
| 44803C0769/02_000 | Flanders | 49 m² | 1 · 49 m² | 15.4 m · 5 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSimilar companies · same sector, comparable size
Identification & contact
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.