ALGENCO
Open bankruptcyA bankruptcy procedure is open for ALGENCO according to publications in the Belgian State Gazette; curator: BENOIT HYAT.
Summary
The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €271k and a net result of €-116k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 29-06-2023, 124 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
124 d early
2022
73 d early
2021
58 d late
2020
54 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€1.94M▲ 2.5%
2019 · €1.89M
2019: €1.89M
2019 → 2020
EBIT margin
2.2%▲ 0.3pp
2019 · 1.9%
2019: 1.9%
2019 → 2020
Net result
€-116k
2022 · €30k
2019: €24k
2020: €32k
2021: €76k
2022: €30k
2019 → 2023
Working capital
€119k▼ 52.0%
2022 · €248k
2019: €180k
2020: €232k
2021: €252k
2022: €248k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.89M-€1.94M▲ 2.5%
Equity€280k-€312k▲ 11.3%€356k▲ 14.2%€386k▲ 8.6%€271k▼ 29.9%
Operating result€36k-€42k▲ 16.2%€87k▲ 108%€32k▼ 63.4%€-115k
Net result€24k-€32k▲ 32.3%€76k▲ 139%€30k▼ 59.8%€-116k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €115k after €32k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €511k
Fixed assets
€151k ▲ 9.4%
Current assets
€360k ▼ 12.0%
Equity and liabilities €511k
Equity
€271k ▼ 29.9%
Debt
€241k ▲ 49.6%
Debt's share of the balance-sheet total rises from 29.4% to 47.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-96k▼
2022 · €39k
Cash flow
€-97k▼
2022 · €38k
Current ratio
1.49▼
2022 · 2.54
Quick ratio
0.68▼
2022 · 1.25
Debt to equity
0.89▲
2022 · 0.42
ROE
-42.7%▼
2022 · 7.9%
ROA
-22.6%▼
2022 · 5.6%
Interest coverage
-114.05▼
2022 · 26.46
Debt ≤ 1 year
€241k▲
2022 · €161k
Income taxes
€-565
Staff costs
€164k▼
2022 · €223k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€547k€511k▼
Formation expenses20-€500
Fixed assets21/28€138k€151k▲
Tangible fixed assets22/27€129k€142k▲
Plant, machinery and equipment23€61k€83k▲
Furniture and vehicles24€12k€9k▼
Other tangible fixed assets26€56k€50k▼
Financial fixed assets28€9k€9k=
Current assets29/58€409k€360k▼
Stocks and contracts in progress3€208k€197k▼
Stocks30/36€208k€197k▼
Amounts receivable within one year40/41€154k€106k▼
Trade receivables40€2k€79k▲
Other amounts receivable41€153k€26k▼
Cash at bank and in hand54/58€47k€57k▲
Equity and liabilities
Total equity and liabilities10/49€547k€511k▼
Equity10/15€386k€271k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€366k€250k▼
Amounts payable17/49€161k€241k▲
Amounts payable within one year42/48€161k€241k▲
Trade debts44€24k€95k▲
Suppliers440/4€24k€95k▲
Taxes, remuneration and social security45€108k€73k▼
Taxes450/3€5k€10k▲
Remuneration and social security454/9€102k€62k▼
Other amounts payable47/48€29k€74k▲
Income statement
Code20222023
Remuneration, social security and pensions62€223k€164k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€19k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€267k€71k▼
Operating profit (loss)9901€32k€-115k▼
Financial charges65/66B€1k€845▼
Recurring financial charges65€1k€845▼
Profit (loss) for the period before taxes9903€30k€-116k▼
Income taxes67/77-€-565
Profit (loss) for the period9904€30k€-116k▼
Profit (loss) for the period to be appropriated9905€30k€-116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€366k€250k▼
Profit (loss) brought forward from the previous period14P€335k€366k▲
Social balance
Average headcount (FTE)90877.7-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
04-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · ALGENCO SPRL PLACE HENRI- COLLIGNON 12, 5520 ONHAYE · event 28-03-2024
2023
06-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · 20230007 · event 27-10-2023
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-116k ▼479%
Net result drops to €-116k, the lowest in the series.
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
31-03
Financial
Highest result since 2019net €76k ▲139%
Operating result €87k, net result €76k, both a record.
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
26-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Onhaye · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Henri-Collignon 125520 OnhayeGround area
1,671 m²
Building footprint
82 m²
Volume, LiDAR
681 m³
Parcel 91103D0029/00A002, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Henri-Collignon 12, 5520 Onhaye
since 19822.021.392.797
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91103D0029/00A002 | Wallonia | 1,671 m² | 1 · 82 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENOIT HYAT RUE A. DAOUST, 41, 5500 DINANT- |
28-03-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOnhaye2.021.392.797
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 3,915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-1982
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.