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 2025 annual accounts show equity of €211.5m and a net result of €27.5m. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 95% of 378 sector peers (NACE 96, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format, standalone 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
€2.0m▲ 8.9%
2024 · €1.8m
EBIT margin
-3.4%▼ 7.5pp
2024 · 4.1%
Net result
€27.5m▼ 6.4%
2024 · €29.3m
Working capital
€55.5m▲ 15.0%
2024 · €48.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €67,394 after €73,796 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.0m
2025
Operating result-€0.07m
2025
Net result€27.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€214.3m
2025
Equity€211.5m
2025
Debt€2.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€55.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-3.4%
2025
Return on assets (ROA)12.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency98.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio22.91
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)8.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.1m-€1.2m▲ 5.8%€1.2m▲ 0.8%€1.3m▲ 8.1%€1.3m▲ 2.5%€1.4m▲ 10.6%€1.8m▲ 26.2%€2.0m▲ 8.9%
Operating result-€0.02m-€25.8m-€0.1m-€0.1m▼ 7.6%-€0.05m▲ 56.2%-€0.1m▼ 117%€0.07m-€0.07m
Net result€4.5m-€35.9m▲ 689%€0.3mabove the sector's middle half▼ 99.2%€4.3mabove the sector's middle half▲ 1,328%€6.5mabove the sector's middle half▲ 50.0%€12.0mabove the sector's middle half▲ 84.0%€29.3mabove the sector's middle half▲ 145%€27.5mabove the sector's middle half▼ 6.4%
EBIT margin-1.8%-2236.2%▲ 2238.0pp-9.6%▼ 2245.8pp-9.5%=-4.1%▲ 5.5pp-8.0%▼ 3.9pp4.1%▲ 12.1pp-3.4%▼ 7.5pp
Equity€95.7m-€131.5m▲ 37.5%€131.8mabove the sector's middle half▲ 0.2%€136.2mabove the sector's middle half▲ 3.3%€142.7mabove the sector's middle half▲ 4.8%€154.7mabove the sector's middle half▲ 8.4%€184.0mabove the sector's middle half▲ 19.0%€211.5mabove the sector's middle half▲ 14.9%
Total assets€97.8m-€133.8m▲ 36.7%€134.1mabove the sector's middle half▲ 0.2%€138.1mabove the sector's middle half▲ 3.0%€145.5mabove the sector's middle half▲ 5.4%€157.4mabove the sector's middle half▲ 8.1%€186.3mabove the sector's middle half▲ 18.4%€214.3mabove the sector's middle half▲ 15.1%
Debt€2.2m-€2.2m▲ 2.9%€2.3m▲ 0.9%€1.9m▼ 15.3%€2.8m▲ 47.5%€2.7m▼ 4.9%€2.3m▼ 15.8%€2.8m▲ 25.7%
Working capital€17.6m-€19.2m▲ 9.0%€21.3mabove the sector's middle half▲ 10.8%€25.6mabove the sector's middle half▲ 20.5%€32.2mabove the sector's middle half▲ 25.6%€44.2mabove the sector's middle half▲ 37.3%€48.2mabove the sector's middle half▲ 9.1%€55.5mabove the sector's middle half▲ 15.0%
Solvency97.8%-98.3%▲ 0.6pp98.3%above the sector's middle half=98.6%above the sector's middle half▲ 0.3pp98.1%above the sector's middle half▼ 0.6pp98.3%above the sector's middle half▲ 0.2pp98.8%above the sector's middle half▲ 0.5pp98.7%above the sector's middle half▼ 0.1pp
Current ratio9.53-10.07▲ 0.5410.95above the sector's middle half▲ 0.8915.45above the sector's middle half▲ 4.4913.17above the sector's middle half▼ 2.2818.77above the sector's middle half▲ 5.6125.14above the sector's middle half▲ 6.3722.91above the sector's middle half▼ 2.23
Return on assets (ROA)4.6%-26.8%▲ 22.2pp0.2%within the sector's middle half▼ 26.6pp3.1%within the sector's middle half▲ 2.9pp4.5%within the sector's middle half▲ 1.3pp7.6%within the sector's middle half▲ 3.1pp15.8%above the sector's middle half▲ 8.1pp12.8%above the sector's middle half▼ 2.9pp
Staff (FTE)8.4-9.3▲ 10.7%8.5within the sector's middle half▼ 8.6%8.6within the sector's middle half▲ 1.2%8.5within the sector's middle half▼ 1.2%8.6within the sector's middle half▲ 1.2%8.6within the sector's middle half=8.3within the sector's middle half▼ 3.5%
above
within
below
the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214.3m
Fixed assets
€156.3m ▲ 14.9%
Current assets
€58.0m ▲ 15.4%
Equity and liabilities €214.3m
Equity
€211.5m ▲ 14.9%
Debt
€2.8m ▲ 25.7%
Debt's share of the balance-sheet total rises from 1.2% to 1.3%. Equity and debt are higher.
Key figures and ratios
ROE
13.0%▼
2024 · 15.9%
Debt ≤ 1 year
€2.5m▲
2024 · €2.0m
Debt > 1 year
€558=
2024 · €558
Staff costs
€805,400▼
2024 · €806,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.3m | €1.3m | €1.4m | €1.8m | €2.0m | ▲ 8.7% |
| Turnover70 | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | €1.4m | €1.8m | €2.0m | ▲ 8.9% |
| Other operating income74 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | ▼ 14.9% |
| Operating charges60/66A | - | - | - | €1.4m | €1.4m | €1.6m | €1.7m | €2.0m | ▲ 17.1% |
| Purchases600/8 | - | - | - | - | - | - | - | €0.1m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | - | - | -€0.1m | - |
| Services and other goods61 | - | - | - | €0.6m | €0.6m | €0.7m | €0.9m | €1.1m | ▲ 31.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €148 | €0.001m | ▲ 323% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.02m | €0.05m | €0.07m | €0.09m | ▲ 33.6% |
| Operating profit (loss)9901 | -€0.02m | €25.8m | -€0.1m | -€0.1m | -€0.05m | -€0.1m | €0.07m | -€0.07m | - |
| Financial income75/76B | - | - | - | €4.5m | €6.6m | €12.2m | €29.4m | €28.7m | ▼ 2.4% |
| Recurring financial income75 | €4.6m | €10.3m | €2.2m | €4.5m | €6.6m | €12.2m | €29.4m | €18.8m | ▼ 36.2% |
| Income from financial fixed assets750 | - | - | - | €3.7m | €6.4m | €11.4m | €22.8m | €17.8m | ▼ 22.1% |
| Income from current assets751 | - | - | - | €0.8m | €0.2m | €0.6m | €0.3m | €1.0m | ▲ 228% |
| Other financial income752/9 | - | - | - | €0.001m | - | €0.2m | €6.3m | €0.003m | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €9.9m | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.06m | €0.1m | €1.2m | ▲ 852% |
| Recurring financial charges65 | €0.01m | €0.09m | €0.01m | €0.03m | €0.04m | €0.06m | €0.1m | €0.7m | ▲ 464% |
| Debt charges650 | €0.009m | €0.009m | - | €0.02m | €0.01m | €0.06m | €0.1m | €0.05m | ▼ 56.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | - | - | €0.6m | - |
| Other financial charges652/9 | - | - | - | €0.008m | €0.03m | €0.002m | €0.001m | €0.03m | ▲ 5,215% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.5m | - |
| Profit (loss) for the period before taxes9903 | €4.6m | €35.9m | €0.3m | €4.3m | €6.5m | €12.0m | €29.3m | €27.5m | ▼ 6.4% |
| Income taxes67/77 | €0.02m | €0.01m | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €4.5m | €35.9m | €0.3m | €4.3m | €6.5m | €12.0m | €29.3m | €27.5m | ▼ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €4.5m | €35.9m | €0.3m | €4.3m | €6.5m | €12.0m | €29.3m | €27.5m | ▼ 6.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €97.8m | €133.8m | €134.1m | €138.1m | €145.5m | €157.4m | €186.3m | €214.3m | ▲ 15.1% |
| Fixed assets21/28 | €78.2m | €112.5m | €110.7m | €110.7m | €110.7m | €110.7m | €136.1m | €156.3m | ▲ 14.9% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.8m | €0.8m | ▼ 0.1% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.003m | €0.002m | ▼ 21.0% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.3m | €0.3m | = |
| Financial fixed assets28 | €77.7m | €112.0m | €110.2m | €110.2m | €110.2m | €110.2m | €135.2m | €155.5m | ▲ 15.0% |
| Affiliated companies280/1 | - | - | - | €103.0m | €103.0m | €103.0m | €117.5m | €117.5m | = |
| Participating interests280 | - | - | - | €103.0m | €103.0m | €103.0m | €117.5m | €117.5m | = |
| Companies linked by participating interests282/3 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €15.7m | ▲ 4,392% |
| Participating interests282 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €15.7m | ▲ 4,392% |
| Other financial fixed assets284/8 | - | - | - | €6.8m | €6.8m | €6.8m | €17.4m | €22.2m | ▲ 28.2% |
| Shares284 | - | - | - | €6.8m | €6.8m | €6.8m | €17.4m | €22.2m | ▲ 28.2% |
| Current assets29/58 | €19.7m | €21.3m | €23.4m | €27.4m | €34.8m | €46.7m | €50.2m | €58.0m | ▲ 15.4% |
| Amounts receivable after more than one year29 | - | - | - | €1.7m | €1.8m | €1.9m | €2.5m | €2.8m | ▲ 11.4% |
| Other amounts receivable291 | - | - | - | €1.7m | €1.8m | €1.9m | €2.5m | €2.8m | ▲ 11.4% |
| Stocks and contracts in progress3 | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.8m | ▲ 1.5% |
| Stocks30/36 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.8m | ▲ 1.5% |
| Property held for sale35 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | €8.8m | ▲ 1.5% |
| Amounts receivable within one year40/41 | €3.7m | €5.3m | €1.1m | €1.3m | €2.4m | €0.8m | €3.4m | €3.9m | ▲ 15.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.4m | €0.3m | €0.03m | €0.2m | ▲ 477% |
| Other amounts receivable41 | - | - | - | €1.1m | €2.0m | €0.6m | €3.3m | €3.7m | ▲ 10.7% |
| Current investments50/53 | €4.6m | €4.2m | €11.7m | €13.4m | €19.3m | €23.3m | €35.3m | €40.4m | ▲ 14.4% |
| Other investments51/53 | - | - | - | €13.4m | €19.3m | €23.3m | €35.3m | €40.4m | ▲ 14.4% |
| Cash at bank and in hand54/58 | €1.0m | €1.5m | €0.1m | €2.2m | €2.6m | €11.8m | €0.2m | €2.0m | ▲ 724% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.08m | €0.08m | €0.08m | €0.09m | ▲ 5.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €97.8m | €133.8m | €134.1m | €138.1m | €145.5m | €157.4m | €186.3m | €214.3m | ▲ 15.1% |
| Equity10/15 | €95.7m | €131.5m | €131.8m | €136.2m | €142.7m | €154.7m | €184.0m | €211.5m | ▲ 14.9% |
| Contributions10/11 | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Capital10 | - | - | - | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Issued capital100 | - | - | - | €44.0m | €44.0m | €44.0m | €44.0m | €44.0m | = |
| Revaluation surpluses12 | - | - | - | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | = |
| Reserves13 | €3.3m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Non-distributable reserves130/1 | - | - | - | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Legal reserve130 | - | - | - | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Other1319 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €27.6m | €62.0m | €62.3m | €66.6m | €73.1m | €85.1m | €114.5m | €141.9m | ▲ 24.0% |
| Amounts payable17/49 | €2.2m | €2.2m | €2.3m | €1.9m | €2.8m | €2.7m | €2.3m | €2.8m | ▲ 25.7% |
| Amounts payable after more than one year17 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other amounts payable178/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts payable within one year42/48 | €2.1m | €2.1m | €2.1m | €1.8m | €2.6m | €2.5m | €2.0m | €2.5m | ▲ 26.7% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 20.2% |
| Suppliers440/4 | - | - | - | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 20.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 24.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.09m | €0.06m | €0.05m | €0.04m | ▼ 27.7% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 22.8% |
| Other amounts payable47/48 | - | - | - | €1.5m | €2.3m | €2.2m | €1.7m | €2.2m | ▲ 32.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 18.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.5m | €35.9m | €0.3m | €4.3m | €6.5m | €12.0m | €29.3m | €27.5m | ▼ 6.4% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €148 | €0.001m | ▲ 323% |
| Operating cash flow (approximation) | €4.5m | €35.9m | €0.3m | €4.3m | €6.5m | €12.0m | €29.3m | €27.5m | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | -€34.3m | €1.8m | €0 | €0 | €0 | -€25.4m | -€20.3m | ▲ 20.0% |
| Change in cash | - | €0.5m | -€1.3m | €2.1m | €0.4m | €9.2m | -€11.6m | €1.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 62 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 26-06-2026 | 2026-00217584 |
| 31-12-2025 | consolidated | 26-06-2026 | 2026-00216486 |
| 31-12-2024 | full format | 27-06-2025 | 2025-00200523 |
| 31-12-2024 | consolidated | 25-06-2025 | 2025-00183960 |
| 31-12-2023 | full format | 10-06-2024 | 2024-00119349 |
| 31-12-2023 | consolidated | 10-06-2024 | 2024-00122922 |
| 31-12-2022 | full format | 07-07-2023 | 2023-00214214 |
| 31-12-2022 | consolidated | 07-07-2023 | 2023-00219935 |
| 31-12-2021 | full format | 07-07-2022 | 2022-20177543 |
| 31-12-2021 | consolidated | 07-07-2022 | 2022-20170790 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.