ALGEMENE BOUWONDERNEMING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 29 filings
Turnover
≈ €37,000
Estimated: probably between €19,000 and €67,000
Total assets
€79,787▼ 12.5%
2024 · €91,191
Net result
-€3,911
2024 · €11,172
Working capital
€58,863▼ 10.9%
2024 · €66,058
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€3,310
2025
20192025
Net result
-€3,911
2025
lowest quarter of the sector
20192025
Equity
€66,802
▼ 5.5%
2025
middle half of the sector
20192025
Total assets
€79,787
▼ 12.5%
2025
middle half of the sector
20192025
Debt
€12,986
▼ 36.6%
2025
20192025
Working capital
€58,863
▼ 10.9%
2025
middle half of the sector
20192025
Solvency
83.7%
▲ 6.2pp
2025
highest quarter of the sector
20192025
Current ratio
10.07
▲ 2.19
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-4.9%
▼ 17.2pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€33-€25,050▲ 762×€24,644▼ 1.6%€26,074▲ 5.8%-€5,328€16,103-€3,310
Net result-€88-€20,295within the sector's middle half€20,525within the sector's middle half▲ 1.1%€20,750within the sector's middle half▲ 1.1%-€6,165below the sector's middle half€11,172within the sector's middle half-€3,911below the sector's middle half
Equity€66,795-€77,891within the sector's middle half▲ 16.6%€86,416within the sector's middle half▲ 10.9%€79,009within the sector's middle half▼ 8.6%€72,844within the sector's middle half▼ 7.8%€70,713within the sector's middle half▼ 2.9%€66,802within the sector's middle half▼ 5.5%
Total assets€78,754-€102,718within the sector's middle half▲ 30.4%€125,425within the sector's middle half▲ 22.1%€92,793within the sector's middle half▼ 26.0%€95,465within the sector's middle half▲ 2.9%€91,191within the sector's middle half▼ 4.5%€79,787within the sector's middle half▼ 12.5%
Debt€11,959-€24,827▲ 108%€39,009▲ 57.1%€13,784▼ 64.7%€22,621▲ 64.1%€20,477▼ 9.5%€12,986▼ 36.6%
Working capital€47,372-€67,477within the sector's middle half▲ 42.4%€83,930above the sector's middle half▲ 24.4%€78,929within the sector's middle half▼ 6.0%€67,588within the sector's middle half▼ 14.4%€66,058within the sector's middle half▼ 2.3%€58,863within the sector's middle half▼ 10.9%
Solvency84.8%-75.8%above the sector's middle half▼ 9.0pp68.9%above the sector's middle half▼ 6.9pp85.1%above the sector's middle half▲ 16.2pp76.3%above the sector's middle half▼ 8.8pp77.5%above the sector's middle half▲ 1.2pp83.7%above the sector's middle half▲ 6.2pp
Current ratio4.96-3.72above the sector's middle half▼ 1.243.15above the sector's middle half▼ 0.576.73above the sector's middle half▲ 3.579.62above the sector's middle half▲ 2.897.88above the sector's middle half▼ 1.7410.07above the sector's middle half▲ 2.19
Return on assets (ROA)-0.1%-19.8%above the sector's middle half▲ 19.9pp16.4%within the sector's middle half▼ 3.4pp22.4%above the sector's middle half▲ 6.0pp-6.5%below the sector's middle half▼ 28.8pp12.3%within the sector's middle half▲ 18.7pp-4.9%below the sector's middle half▼ 17.2pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,310, after a profit of €16,103 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,787
Fixed assets
€14,432 ▼ 7.1%
Current assets
€65,355 ▼ 13.6%
Equity and liabilities €79,787
Equity
€66,802 ▼ 5.5%
Debt
€12,986 ▼ 36.6%
Debt's share of the balance-sheet total falls from 22.5% to 16.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,809▼
2024 · €20,603
Cash flow
€1,208▼
2024 · €15,672
Quick ratio
9.47▲
2024 · 7.86
Debt to equity
0.19▼
2024 · 0.29
ROE
-5.9%▼
2024 · 15.8%
Interest coverage
1.80▼
2024 · 15.69
Debt ≤ 1 year
€6,492▼
2024 · €9,599
Debt > 1 year
€6,494▼
2024 · €10,579
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €22,500 | - | €4,017 |
| Depreciation and write-downs of the year | €2,406 | €2,546 | €4,500 | €5,119 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €255 awarded · €255 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,089 | €10,960 | €7,927 | €2,406 | €2,546 | €4,500 | €5,119 | ▲ 13.8% |
| Other operating charges640/8 | - | - | - | €882 | €1,045 | €1,150 | €1,258 | ▲ 9.3% |
| Gross operating margin9900 | €12,300 | €36,785 | €34,132 | €29,362 | -€1,738 | €21,753 | €3,067 | ▼ 85.9% |
| Operating profit (loss)9901 | €33 | €25,050 | €24,644 | €26,074 | -€5,328 | €16,103 | -€3,310 | - |
| Financial income75/76B | - | - | - | €118 | €548 | €545 | €402 | ▼ 26.3% |
| Recurring financial income75 | €196 | €0 | €195 | €118 | €548 | €545 | €402 | ▼ 26.3% |
| Financial charges65/66B | - | - | - | €1,156 | €1,385 | €1,313 | €1,003 | ▼ 23.6% |
| Recurring financial charges65 | €317 | €516 | €795 | €1,156 | €1,385 | €1,313 | €1,003 | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | -€88 | €24,534 | €24,044 | €25,036 | -€6,165 | €15,335 | -€3,911 | - |
| Income taxes67/77 | - | €4,239 | €3,519 | €4,285 | - | €4,163 | - | - |
| Profit (loss) for the period9904 | -€88 | €20,295 | €20,525 | €20,750 | -€6,165 | €11,172 | -€3,911 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €6,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€88 | €20,295 | €20,525 | €20,750 | -€6,165 | €17,172 | -€3,911 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €78,754 | €102,718 | €125,425 | €92,793 | €95,465 | €91,191 | €79,787 | ▼ 12.5% |
| Fixed assets21/28 | €19,424 | €10,414 | €2,486 | €80 | €20,034 | €15,534 | €14,432 | ▼ 7.1% |
| Tangible fixed assets22/27 | €19,424 | €10,414 | €2,486 | €80 | €20,034 | €15,534 | €14,432 | ▼ 7.1% |
| Land and buildings22 | - | - | - | - | - | - | €1,550 | - |
| Plant, machinery and equipment23 | - | - | - | €80 | €20,034 | €15,534 | €11,034 | ▼ 29.0% |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,848 | - |
| Current assets29/58 | €59,330 | €92,304 | €122,939 | €92,713 | €75,431 | €75,656 | €65,355 | ▼ 13.6% |
| Stocks and contracts in progress3 | - | - | - | - | €375 | €175 | €3,851 | ▲ 22× |
| Stocks30/36 | - | - | - | - | €375 | €175 | €218 | ▲ 24.6% |
| Contracts in progress37 | - | - | - | - | - | - | €3,633 | - |
| Amounts receivable within one year40/41 | €39,965 | €49,806 | €35,593 | €34,567 | €41,478 | €47,556 | €41,191 | ▼ 13.4% |
| Trade receivables40 | - | - | - | €33,070 | €34,527 | €44,140 | €34,000 | ▼ 23.0% |
| Other amounts receivable41 | - | - | - | €1,497 | €6,951 | €3,416 | €7,191 | ▲ 110% |
| Current investments50/53 | €702 | €702 | €702 | €702 | €702 | €702 | €702 | = |
| Cash at bank and in hand54/58 | €18,663 | €38,973 | €86,644 | €54,760 | €29,638 | €22,907 | €15,894 | ▼ 30.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,684 | €3,238 | €4,316 | €3,718 | ▼ 13.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €78,754 | €102,718 | €125,425 | €92,793 | €95,465 | €91,191 | €79,787 | ▼ 12.5% |
| Equity10/15 | €66,795 | €77,891 | €86,416 | €79,009 | €72,844 | €70,713 | €66,802 | ▼ 5.5% |
| Contributions10/11 | €19,831 | - | - | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Contributions outside capital11 | - | - | - | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Other1109/19 | - | - | - | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Reserves13 | €46,964 | €58,059 | €66,585 | €59,178 | €59,178 | €50,882 | €46,970 | ▼ 7.7% |
| Non-distributable reserves130/1 | - | - | - | €1,983 | €1,983 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,983 | €1,983 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €8,850 | €8,850 | €2,850 | €2,850 | = |
| Distributable reserves133 | - | - | - | €48,344 | €48,344 | €48,032 | €44,120 | ▼ 8.1% |
| Profit (loss) carried forward14 | - | - | - | - | -€6,165 | - | - | - |
| Amounts payable17/49 | €11,959 | €24,827 | €39,009 | €13,784 | €22,621 | €20,477 | €12,986 | ▼ 36.6% |
| Amounts payable after more than one year17 | - | - | - | - | €14,479 | €10,579 | €6,494 | ▼ 38.6% |
| Financial debts170/4 | - | - | - | - | €14,479 | €10,579 | €6,494 | ▼ 38.6% |
| Amounts payable within one year42/48 | €11,959 | €24,827 | €39,009 | €13,784 | €7,843 | €9,599 | €6,492 | ▼ 32.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,723 | €3,900 | €4,085 | ▲ 4.7% |
| Trade debts44 | €6,873 | €7,762 | €21,900 | - | €3,394 | €4,255 | €2,157 | ▼ 49.3% |
| Suppliers440/4 | - | - | - | - | €3,394 | €4,255 | €2,157 | ▼ 49.3% |
| Taxes, remuneration and social security45 | - | - | - | €3,270 | €250 | €1,000 | €250 | ▼ 75.0% |
| Taxes450/3 | - | - | - | €3,270 | €250 | €1,000 | €250 | ▼ 75.0% |
| Other amounts payable47/48 | - | - | - | €10,514 | €475 | €444 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €300 | €300 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€88 | €20,295 | €20,525 | €20,750 | -€6,165 | €11,172 | -€3,911 | - |
| + Depreciation and write-downs630 | €11,089 | €10,960 | €7,927 | €2,406 | €2,546 | €4,500 | €5,119 | ▲ 13.8% |
| Operating cash flow (approximation) | €11,001 | €31,255 | €28,453 | €23,157 | -€3,619 | €15,672 | €1,208 | ▼ 92.3% |
| Investment in fixed assets (approximation) | - | -€1,950 | €0 | €0 | -€22,500 | €0 | -€4,017 | - |
| Change in cash | - | €20,309 | €47,671 | -€31,884 | -€25,122 | -€6,731 | -€7,013 | ▼ 4.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ALGEMENE BOUWONDERNEMING has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALGEMENE BOUWONDERNEMING itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for ALGEMENE BOUWONDERNEMING. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00019612 | |
| 30-06-2024 | micro format | 22-01-2025 | 2025-00007884 | |
| 30-06-2023 | micro format | 12-12-2023 | 2023-00525946 | |
| 30-06-2022 | micro format | 28-12-2022 | 2022-20547653 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02400410 | |
| 30-06-2020 | micro format | 28-12-2020 | 2020-77300215 | |
| 30-06-2019 | micro format | 24-12-2019 | 2019-77500574 | |
| 30-06-2018 | micro format | 23-01-2019 | 2019-02200248 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04000117 | |
| 30-06-2016 | abbreviated format | 01-02-2017 | 2017-03600170 |