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Algeco Belgium

Active
Public limited companyfounded 1964active for 62 yearsSchoebroekstraat 34-36, 3583 Beringen, BelgiumKBO/BCE: BE 0403.419.634
Summary

Algeco Belgium has been active since 1964 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43.8m and a net result of €5.1m. Equity has been growing by about 24% per year since 2018. Its solvency ranks better than 85% of 543 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-01-1964 Normal situation
Activity
Rental and leasing activities NACE 77394and 1 other
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.102.091.255 1360 Perwez, since 03-02-1993
2.172.962.128 3583 Beringen, since 30-07-2008
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
and 2 others
Auditor
EY Bedrijfsrevisoren BV
Shareholders
  • Algeco SASannual accounts 2025
  • BCPV Modulair Services Holdings III Limitedannual accounts 2025
  • Algeco GmbHannual accounts 2025

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€30.0m
▼ 3.7%
Profit
€5.1m
▼ 19.9%
Equity
€43.8m
▲ 13.2%
Total assets
€51.5m
▲ 9.2%
Employees on 31-12-2025
72
▼ 2.7%
Score breakdownraises riskLiquidity: current ratio 4.18, cash €765,3441 of the last 3 accounts latelowers riskFounded in 1964Size: turnover €30.0m, 72.1 FTE, total assets €51.5mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 76% of medium-sized companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 85.1% of total assets
Liquidity 49+1
short-term debt 14.1% · cash 1.5%
Profitability 87-3
return on assets 9.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (95 companies, NACE 77, medium-sized)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €2,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.18 (2.98 in 2024), above the usual 1.5. Short-term debt is 14.1% and cash 1.5% of total assets. 14.9% of the assets are financed with debt and provisions.
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 77, medium-sized). It does better than 94% of them on solvency, 62% on liquidity, 97% on profitability and 52% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1964
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 4.18, cash €765,344
NBB · annual accounts
lowers risk · Size: turnover €30.0m, 72.1 FTE, total assets €51.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
30 days early
2023
51 days late
2022
5 days early
2021
66 days late
2020
60 days late
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Oldest company in Limburg, Rental and leasing sectorin the Checked rankings No. 1 View
  • Board changedlatest change 30-06-2026 · 5 in office 1 joined · 2 left View
  • Positive: 6 profitable years in a rowprofit 2025: €5.1m 6 years View

Recent changes

  1. · Gazette deed Resignation: Michel Marc Darleux (director)
  2. · Gazette deed Appointment: Nilofar Aumaj (director)
  3. · Gazette deed Resignation: Michel Darleux (afgevaardigde bestuurder belast met het dagelijks bestuur)Appointment: Dominique Cambier (afgevaardigde bestuurder belast met het dagelijks bestuur)
All 23 events

Comparable companies

These companies have the same main activity as Algeco Belgium: rental and leasing activities (NACE 77394). They are comparable in size and age: total assets between €16m and €39m, founded between 1974 and 2002.

CompanyTotal assetsTurnover
Algeco Belgium Beringen€51.5m€30.0m
WARSCO UNITS Genk€39.1m€26.9m
VDL De Meeuw Willebroek€16.9m€21.7m
REAL VERHUUR Sint-Gillis-Waas€20.0m€14.6m
LOCASIX Saint-Ghislain€15.6m-
VDL De Meeuw Verhuur België Willebroek€32.8m€19.7m
JAN SNEL BELGIUM Sint-Niklaas€26.6m€15.2m
Full comparison

Key facts about Algeco Belgium

What is the company number of Algeco Belgium?
The company number of Algeco Belgium is 0403.419.634. The VAT number is the same number with BE in front: BE 0403.419.634.
Where is Algeco Belgium based?
The registered office is at Schoebroekstraat 34-36, 3583 Beringen.Company details
What does Algeco Belgium do?
According to the KBO register, the main activity is rental and leasing activities (NACE 77394).
What is the legal form of Algeco Belgium?
The legal form of Algeco Belgium is Public limited company (NV).
When was Algeco Belgium founded?
Algeco Belgium was founded on 01-01-1964.
Is Algeco Belgium still active?
Yes, Algeco Belgium is an active enterprise in the KBO register.
How many employees does Algeco Belgium have?
Algeco Belgium had an average of 72.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Algeco Belgium fall under?
In its 2025 annual accounts, Algeco Belgium states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Algeco Belgium?
The turnover of Algeco Belgium was €30.0m in financial year 2025, according to the filed annual accounts.
Is Algeco Belgium profitable?
In financial year 2025, Algeco Belgium made a profit of €5.1m.
Where can I find the annual accounts of Algeco Belgium?
Algeco Belgium filed 51 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Algeco Belgium due?
Algeco Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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