Skip to content

ALGEVA

Active
Private limited companyfounded 20223 yrs activeCaseelstraat 20, 8790 Waregem, BelgiumKBO/BCE: BE 0795.118.403
Summary

ALGEVA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €192,002 and a net result of -€3,146. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 225 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability19▲+1
Solvency36=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2025; short-term debt: 89.2% of total assets), and 89.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
242526
2024 to 2026 · latest year -€3,146
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 225 sector peers (2026).
NBB · sector comparison
Position among 225 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 07-09-2026, 146 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2026
146 d early
2025
2 d early
2024
154 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 101 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 7 September (3 of the last 3 filed years within 144 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-06-2027 close31-01-2028 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 December 2022, ALGEVA was incorporated as a Private limited company.1 Total assets went from EUR 1.8 million in 2024 to EUR 1.8 million in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024 and 2026

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2026, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,146▲ 54.2%
2025 · -€6,871
Working capital
-€1.6m▼ 0.1%
2025 · -€1.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202420252026
Operating result-€5,453--€6,825▼ 25.2%-€3,097▲ 54.6%
Net result-€5,480below the sector's middle half--€6,871below the sector's middle half▼ 25.4%-€3,146▲ 54.2%
Equity€202,020within the sector's middle half-€195,149within the sector's middle half▼ 3.4%€192,002▼ 1.6%
Total assets€1.8mwithin the sector's middle half-€1.8mwithin the sector's middle half▲ 0.4%€1.8m▼ 0.2%
Debt€1.6m-€1.6m▲ 0.8%€1.6m=
Working capital-€1.3mbelow the sector's middle half--€1.6mbelow the sector's middle half▼ 24.7%-€1.6m▼ 0.1%
Solvency11.4%below the sector's middle half-10.9%below the sector's middle half▼ 0.4pp10.8%▼ 0.2pp
Current ratio0.00below the sector's middle half-0.00below the sector's middle half=0.00=
Return on assets (ROA)-0.3%below the sector's middle half--0.4%below the sector's middle half▼ 0.1pp-0.2%▲ 0.2pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2024: -€5,453-€5,453Net result 2024: -€5,480-€5,480Operating result 2025: -€6,825-€6,825Net result 2025: -€6,871-€6,871Operating result 2026: -€3,097-€3,097Net result 2026: -€3,146-€3,146202420252026-€8,000-€6,000-€4,000-€2,000€0Operating result 2024: -€5,453-€5,450Net result 2024: -€5,480-€5,480Operating result 2025: -€6,825-€6,830Net result 2025: -€6,871-€6,870Operating result 2026: -€3,097-€3,100Net result 2026: -€3,146-€3,150202420252026
The operating result stays negative: a loss of €3,097 in 2026 against €6,825 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.8m
Fixed assets €1.8m =
Current assets €3,872 ▼ 38.2%
Equity and liabilities €1.8m
Equity €192,002 ▼ 1.6%
Debt €1.6m =
Debt's share of the balance-sheet total rises from 89.1% to 89.2%. Equity is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
-€1,815▲
2025 · -€5,543
Cash flow
-€1,864▲
2025 · -€5,589
Debt to equity
8.28▲
2025 · 8.14
ROE
-1.6%▲
2025 · -3.5%
Interest coverage
-37.04▲
2025 · -120.50
Debt ≤ 1 year
€1.6m=
2025 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
3.0% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 440 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 32 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.8m€1.8m▼
Formation expenses20€2,427€1,618▼
Fixed assets21/28€1.8m€1.8m=
Tangible fixed assets22/27€1.8m€1.8m=
Land and buildings22€1.8m€1.8m=
Current assets29/58€6,268€3,872▼
Amounts receivable after more than one year29€244€347▲
Other amounts receivable291€244€347▲
Cash at bank and in hand54/58€6,024-
Deferred charges and accrued income490/1-€3,525
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m▼
Equity10/15€195,149€192,002▼
Contributions10/11€207,500€207,500=
Capital10€207,500€207,500=
Issued capital100€207,500€207,500=
Profit (loss) carried forward14-€12,351-€15,498▼
Amounts payable17/49€1.6m€1.6m=
Amounts payable within one year42/48€1.6m€1.6m=
Trade debts44€650-
Suppliers440/4€650-
Other amounts payable47/48€1.6m€1.6m=
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,282€1,282=
Other operating charges640/8€126€217▲
Gross operating margin9900-€5,417-€1,598▲
Operating profit (loss)9901-€6,825-€3,097▲
Financial charges65/66B€46€49▲
Recurring financial charges65€46€49▲
Profit (loss) for the period before taxes9903-€6,871-€3,146▲
Profit (loss) for the period9904-€6,871-€3,146▲
Profit (loss) for the period to be appropriated9905-€6,871-€3,146▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,351-€15,498▼
Profit (loss) brought forward from the previous period14P-€5,480-€12,352▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€809€1,282€1,282=
Other operating charges640/8€719€126€217▲ 72.2%
Gross operating margin9900-€3,925-€5,417-€1,598▲ 70.5%
Operating profit (loss)9901-€5,453-€6,825-€3,097▲ 54.6%
Financial charges65/66B€27€46€49▲ 6.5%
Recurring financial charges65€27€46€49▲ 6.5%
Profit (loss) for the period before taxes9903-€5,480-€6,871-€3,146▲ 54.2%
Profit (loss) for the period9904-€5,480-€6,871-€3,146▲ 54.2%
Profit (loss) for the period to be appropriated9905-€5,480-€6,871-€3,146▲ 54.2%
Line202420252026Change
Assets
Total assets20/58€1.8m€1.8m€1.8m▼ 0.2%
Formation expenses20€3,236€2,427€1,618▼ 33.3%
Fixed assets21/28€1.8m€1.8m€1.8m=
Tangible fixed assets22/27€1.8m€1.8m€1.8m=
Land and buildings22€1.8m€1.8m€1.8m=
Current assets29/58€3,192€6,268€3,872▼ 38.2%
Amounts receivable after more than one year29€1,291€244€347▲ 42.2%
Other amounts receivable291€1,291€244€347▲ 42.2%
Cash at bank and in hand54/58€1,901€6,024--
Deferred charges and accrued income490/1--€3,525-
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m€1.8m▼ 0.2%
Equity10/15€202,020€195,149€192,002▼ 1.6%
Contributions10/11€207,500€207,500€207,500=
Capital10€207,500€207,500€207,500=
Issued capital100€207,500€207,500€207,500=
Profit (loss) carried forward14-€5,480-€12,351-€15,498▼ 25.5%
Amounts payable17/49€1.6m€1.6m€1.6m=
Amounts payable after more than one year17€303,622---
Other amounts payable178/9€303,622---
Amounts payable within one year42/48€1.3m€1.6m€1.6m=
Trade debts44€1.3m€650--
Suppliers440/4€1.3m€650--
Other amounts payable47/48-€1.6m€1.6m=
Line202420252026Change
Profit (loss) for the period9904-€5,480-€6,871-€3,146▲ 54.2%
+ Depreciation and write-downs630€809€1,282€1,282=
Operating cash flow (approximation)-€4,671-€5,589-€1,864▲ 66.6%
Investment in fixed assets (approximation)--€5,539-€1,105▲ 80.1%
Change in cash-€4,123--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-01-2028
2026
07-09
NBB filing Annual accounts filed
fiscal year 2026 · full schema
29-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial Weakest financial yearnet -€6,871
Net result drops to -€6,871, the lowest in the series; recovery starts the following year.
2024
30-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
9,111 m²
Building footprint
190 m²
Volume, LiDAR
1,024 m³
Parcel 34453D0219/00B000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ALGEVA
Caseelstraat 20, 8790 WaregemRenting and operating of own or leased residential real estate, excluding social housing
since 20222.343.165.949
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34453D0219/00B000 Flanders 9,111 m² 1 · 190 m² 9.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,772 companies in sector 69109 we hold annual accounts for 1,209. 913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-12-2022
Fiscal year end30-06
Activities, NACEBEL 2025
69109Other legal services
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795118403
Also 9925:BE0795118403
Registered 23-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.