Summary
ALGIMO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €184.0m and a net result of €29.3m. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 575 sector peers (fiscal year 2024). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
51 d early
2022
24 d early
2021
24 d early
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which other companies belong to the same group?ALGIMO · 5 companies What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, full schema, statutory accounts
In the rankings
#1 company by equity in Belgium, Personal services sector#1 company by total assets in East Flanders, Other services sector
Turnover
€1.8m▲ 26.2%
2023 · €1.4m
EBIT margin
4.1%▲ 12.1pp
2023 · -8.0%
Net result
€29.3m▲ 145%
2023 · €12.0m
Working capital
€48.2m▲ 9.1%
2023 · €44.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.2m▲ 0.8%€1.3m▲ 8.1%€1.3m▲ 2.5%€1.4m▲ 10.6%€1.8m▲ 26.2%
Operating result-€111,516-€119,993▼ 7.6%-€52,504▲ 56.2%-€113,860▼ 117%€73,796
Net result€304,006▼ 99.2%€4.3m▲ 1,328%€6.5m▲ 50.0%€12.0m▲ 84.0%€29.3m▲ 145%
EBIT margin-9.6%▼ 2245.8pp-9.5%=-4.1%▲ 5.5pp-8.0%▼ 3.9pp4.1%▲ 12.1pp
Equity€131.8m▲ 0.2%€136.2m▲ 3.3%€142.7m▲ 4.8%€154.7m▲ 8.4%€184.0m▲ 19.0%
Total assets€134.1m▲ 0.2%€138.1m▲ 3.0%€145.5m▲ 5.4%€157.4m▲ 8.1%€186.3m▲ 18.4%
Debt€2.3m▲ 0.9%€1.9m▼ 15.3%€2.8m▲ 47.5%€2.7m▼ 4.9%€2.3m▼ 15.8%
Working capital€21.3m▲ 10.8%€25.6m▲ 20.5%€32.2m▲ 25.6%€44.2m▲ 37.3%€48.2m▲ 9.1%
Staff (FTE)8.5▼ 8.6%8.6▲ 1.2%8.5▼ 1.2%8.6▲ 1.2%8.6=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €73,796 after a loss of €113,860 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €186.3m
Fixed assets
€136.1m ▲ 22.9%
Current assets
€50.2m ▲ 7.6%
Equity and liabilities €186.3m
Equity
€184.0m ▲ 19.0%
Debt
€2.3m ▼ 15.8%
Debt's share of the balance-sheet total falls from 1.7% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.9%▲
2023 · 7.7%
ROA
15.8%▲
2023 · 7.6%
Debt ≤ 1 year
€2.0m▼
2023 · €2.5m
Debt > 1 year
€558=
2023 · €558
Staff costs
€806,836▲
2023 · €794,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.3m | €1.3m | €1.4m | €1.8m | ▲ 25.2% |
| Turnover70 | €1.2m | €1.3m | €1.3m | €1.4m | €1.8m | ▲ 26.2% |
| Other operating income74 | - | €26,724 | €27,692 | €25,180 | €17,494 | ▼ 30.5% |
| Operating charges60/66A | - | €1.4m | €1.4m | €1.6m | €1.7m | ▲ 11.4% |
| Services and other goods61 | - | €637,309 | €599,824 | €715,743 | €866,461 | ▲ 21.1% |
| Remuneration, social security and pensions62 | - | €709,732 | €751,841 | €794,881 | €806,836 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €148 | - |
| Other operating charges640/8 | - | €56,363 | €16,416 | €52,756 | €68,251 | ▲ 29.4% |
| Operating profit (loss)9901 | -€111,516 | -€119,993 | -€52,504 | -€113,860 | €73,796 | ▲ 165% |
| Financial income75/76B | - | €4.5m | €6.6m | €12.2m | €29.4m | ▲ 142% |
| Recurring financial income75 | €2.2m | €4.5m | €6.6m | €12.2m | €29.4m | ▲ 142% |
| Income from financial fixed assets750 | - | €3.7m | €6.4m | €11.4m | €22.8m | ▲ 100% |
| Income from current assets751 | - | €783,421 | €171,026 | €575,277 | €296,760 | ▼ 48.4% |
| Other financial income752/9 | - | €1,113 | - | €186,190 | €6.3m | ▲ 3,267% |
| Financial charges65/66B | - | €28,456 | €43,801 | €62,694 | €122,052 | ▲ 94.7% |
| Recurring financial charges65 | €9,837 | €28,456 | €43,801 | €62,694 | €122,052 | ▲ 94.7% |
| Debt charges650 | - | €20,015 | €11,896 | €61,144 | €121,419 | ▲ 98.6% |
| Other financial charges652/9 | - | €8,441 | €31,905 | €1,550 | €633 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | €304,006 | €4.3m | €6.5m | €12.0m | €29.3m | ▲ 145% |
| Profit (loss) for the period9904 | €304,006 | €4.3m | €6.5m | €12.0m | €29.3m | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €304,006 | €4.3m | €6.5m | €12.0m | €29.3m | ▲ 145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134.1m | €138.1m | €145.5m | €157.4m | €186.3m | ▲ 18.4% |
| Fixed assets21/28 | €110.7m | €110.7m | €110.7m | €110.7m | €136.1m | ▲ 22.9% |
| Tangible fixed assets22/27 | €488,777 | €488,777 | €488,777 | €488,777 | €820,967 | ▲ 68.0% |
| Land and buildings22 | - | €488,777 | €488,777 | €488,777 | €488,777 | = |
| Furniture and vehicles24 | - | - | - | - | €2,990 | - |
| Other tangible fixed assets26 | - | - | - | - | €329,200 | - |
| Financial fixed assets28 | €110.2m | €110.2m | €110.2m | €110.2m | €135.2m | ▲ 22.7% |
| Affiliated companies280/1 | - | €103.0m | €103.0m | €103.0m | €117.5m | ▲ 14.1% |
| Participating interests280 | - | €103.0m | €103.0m | €103.0m | €117.5m | ▲ 14.1% |
| Companies linked by participating interests282/3 | - | €350,400 | €350,400 | €350,400 | €350,400 | = |
| Participating interests282 | - | €350,400 | €350,400 | €350,400 | €350,400 | = |
| Other financial fixed assets284/8 | - | €6.8m | €6.8m | €6.8m | €17.4m | ▲ 154% |
| Shares284 | - | €6.8m | €6.8m | €6.8m | €17.4m | ▲ 154% |
| Current assets29/58 | €23.4m | €27.4m | €34.8m | €46.7m | €50.2m | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | €1.7m | €1.8m | €1.9m | €2.5m | ▲ 31.9% |
| Other amounts receivable291 | - | €1.7m | €1.8m | €1.9m | €2.5m | ▲ 31.9% |
| Stocks and contracts in progress3 | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Stocks30/36 | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Property held for sale35 | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Amounts receivable within one year40/41 | €1.1m | €1.3m | €2.4m | €817,451 | €3.4m | ▲ 310% |
| Trade receivables40 | - | €175,529 | €367,530 | €265,093 | €32,850 | ▼ 87.6% |
| Other amounts receivable41 | - | €1.1m | €2.0m | €552,358 | €3.3m | ▲ 502% |
| Current investments50/53 | €11.7m | €13.4m | €19.3m | €23.3m | €35.3m | ▲ 51.4% |
| Other investments51/53 | - | €13.4m | €19.3m | €23.3m | €35.3m | ▲ 51.4% |
| Cash at bank and in hand54/58 | €133,435 | €2.2m | €2.6m | €11.8m | €241,637 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | €72,931 | €76,577 | €80,406 | €84,427 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134.1m | €138.1m | €145.5m | €157.4m | €186.3m | ▲ 18.4% |
| Equity10/15 | €131.8m | €136.2m | €142.7m | €154.7m | €184.0m | ▲ 19.0% |
| Contributions10/11 | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Capital10 | - | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Issued capital100 | - | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Revaluation surpluses12 | - | €20.8m | €20.8m | €20.8m | €20.8m | = |
| Reserves13 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Non-distributable reserves130/1 | - | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Legal reserve130 | - | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Other1319 | - | €16,946 | €16,946 | €16,946 | €16,946 | = |
| Distributable reserves133 | - | €349,043 | €349,043 | €349,043 | €349,043 | = |
| Profit (loss) carried forward14 | €62.3m | €66.6m | €73.1m | €85.1m | €114.5m | ▲ 34.5% |
| Amounts payable17/49 | €2.3m | €1.9m | €2.8m | €2.7m | €2.3m | ▼ 15.8% |
| Amounts payable after more than one year17 | €558 | €558 | €558 | €558 | €558 | = |
| Other amounts payable178/9 | - | €558 | €558 | €558 | €558 | = |
| Amounts payable within one year42/48 | €2.1m | €1.8m | €2.6m | €2.5m | €2.0m | ▼ 19.6% |
| Trade debts44 | €123,895 | €127,898 | €199,484 | €113,382 | €172,064 | ▲ 51.8% |
| Suppliers440/4 | - | €127,898 | €199,484 | €113,382 | €172,064 | ▲ 51.8% |
| Taxes, remuneration and social security45 | - | €152,369 | €195,503 | €170,236 | €155,955 | ▼ 8.4% |
| Taxes450/3 | - | €48,287 | €90,427 | €64,124 | €48,428 | ▼ 24.5% |
| Remuneration and social security454/9 | - | €104,082 | €105,076 | €106,112 | €107,527 | ▲ 1.3% |
| Other amounts payable47/48 | - | €1.5m | €2.3m | €2.2m | €1.7m | ▼ 24.2% |
| Accrued charges and deferred income492/3 | - | €139,507 | €176,809 | €198,635 | €262,373 | ▲ 32.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €304,006 | €4.3m | €6.5m | €12.0m | €29.3m | ▲ 145% |
| + Depreciation and write-downs630 | - | - | - | - | €148 | - |
| Operating cash flow (approximation) | €304,006 | €4.3m | €6.5m | €12.0m | €29.3m | ▲ 145% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€25.4m | - |
| Change in cash | - | €2.1m | €418,139 | €9.2m | -€11.6m | ▼ 226% |
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
2026
14-08
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
14-08
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
17-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
06-06
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-01
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director resignation
2023
25-10
State Gazette act
General meeting · Auditor reappointment
Director resignation · Permanent representative
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
Show earlier events
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
07-06
State Gazette act
Board meeting · Merger
Permanent representative · Capital
2020
31-12
Financial
Weakest financial yearnet €304,006 ▼99.2%
Net result drops to €304,006, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Highest result since 2018net €35.9m ▲689%
Operating result €25.8m, net result €35.9m, both a record.
31-12
Financial
Equity above €100mEq €131.5m ▲37.5%
2 profitable years in a row build equity to €131.5m.
05-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Gent · 1 establishment unit since 1989
Ground area
3.8 ha
Building footprint
9,120 m²
Parcel 44807G0718/00R000, Flanders. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
NV ALGIMO 88
since 19892.042.265.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0718/00R000 | Flanders | 3.8 ha | 1 · 9,120 m² | - |
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.
Structure & network
Heads the group
ALGIMO
5 companies
Group, risk and exposure
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
4 subsidiaries, 1 abroad · 3 board mandatesALGIMOBE 0436.329.061
controls
Where this company holds controlsubsidiary per the LEI register4
Board mandates of this companythis company sits on their board3
Recognitions · licences · registrations
Legal Entity Identifier
967600LQ8J6PM7F7UZ64
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 10 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
96999Other personal services
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.