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ALGIST BRUGGEMAN

Active
Public limited companyfounded 1988active for 38 yearsLangerbruggekaai 37, 9000 Gent, BelgiumKBO/BCE: BE 0434.963.737
Summary

ALGIST BRUGGEMAN has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40.5m and a net result of €25.5m. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 67% of 778 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of food products
NACE 10890
1 site
Size
€140.5mturnover 2025
Staff
198.2 FTE
Equity
€40.5m
Profit
€25.5m
Standalone figures, without subsidiaries
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
L H B · 100%
Board
4 members
Holdings
2
Accounts 32 days early
Why 92raises riskLiquidity: current ratio 1.05, cash €903,258Sector: Manufacture of food products (NACE 10)lowers riskFounded in 1988Equity €40.5m (52.3% of total assets)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 10, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 77+8
equity 52.3% of total assets
Liquidity 31+4
short-term debt 42.7% · cash 1.2%
Profitability 100+5
return on assets 32.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (225 companies, NACE 10, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.2%▼ -0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €3,700,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.05, compared with 0.92 in 2024; short-term debt: 42.7% and cash: 1.2% of total assets), and 47.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, medium-sized): better than 68% on solvency, 36% on liquidity, 99% on profitability and 57% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.05, cash €903,258
NBB · annual accounts
lowers risk · Founded in 1988
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Equity €40.5m (52.3% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
32 days early
2024
92 days early
2023
70 days early
2022
21 days late
2021
62 days 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 47 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · consolidated
  2. Annual accounts filedfinancial year 2025 · full…
  3. Amendment of the articlesPower of attorney

Key points

  • Positive: Among the best 5% on net resultsector median €139,069 · 781 companies €25.5m View
  • Positive: 5 years of growth in a rowturnover 2025: €140.5m 5 years View
  • Controlled by L H Bitself parent of 2 companies 100% View
  • Flemish supportawarded 2022 - 2025 €98,750 View

By topic

Financials

Financial year
2025
Turnover
€140.5m
Profit
€25.5m
Solvency
52.3%
Turnover▲ 3.1%
Net result
20202025
Go to Financials

Board & ownership

Board
4 members
Parent
L H B · 100%
  • Vincent SaingierChair
  • Caroline MassonDirector
  • Jean-Philippe PoulinDirector
  • Simon DesforgesDirector
Go to Board & ownership

Network & group

Subsidiaries
2
Connected companies
1
Mergers and contributions
2

2 subsidiaries

Go to Network & group

Timeline

Events
84
Since
1990
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2020 to 2025
  2. 09-07-2025Reappointment: Vincent Saingier (director)
  3. 30-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10890
Founded
25-08-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Annual meeting
5 June at 14:00
Purpose
De vennootschap heeft tot voorwerp in België en in het buitenland de fabricatie, de…
Go to Articles of association

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