Investments
€16,041 9.2 × depreciation
Green is investment, beige is depreciation.
ALGM
Overview
Lifetime
2 annual accounts with figures on one time axispeak €17,765 (2024)
-€412▼ €18,177
lowest -€3,243 (2025)
-€3,243▼ €16,906
peak €16,803 (2024)
€13,560▼ 19.3%
€18,507▲ 388%
Board1 name since 2024
1 directorMARTENS Gust
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €17,765 to -€412Loss of €3,243Equity from €16,803 to €13,560Debts from €3,792 to €18,507Cash from €4,000 to €16,080
Key points
from the 2025 annual accountsLiquidity
0.96 was 5.43 in 2024
Short-term debts rose from €3,792 to €18,507.
Starting capital
€4,000 100 shares
Turnover not published (micro format)
Checked score
93
Excellent
Financially stronger than 40% of micro companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: < 0.1%
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Liquidity: current ratio 0.96, cash €16,080
Size: total assets €32,067
Figures for financial year 2025 (filed on 15-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 01, micro). It does better than 57% of them on solvency, 78% on liquidity, 10% on profitability and 15% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 584 companies had the same profile as ALGM has now. Each dot stands for 2 companies, two years later.
92.6%
were still trading
6.0%
stopped another way
1.4%
went bankrupt
The bankruptcy probability of ALGM itself is lower: 0.1% within 12 months. It rests on far more data about ALGM than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 584 companies, not a prediction for ALGM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.96 (5.43 in 2024), below 1. Short-term debt is 57.7% and cash 50.1% of total assets. 57.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 15-06-2026, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
46 days early
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 9 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017274236
Incorporation
Founding capital of €4,000, 100 shares · Founder: MARTENS Gust · Appointment: MARTENS Gust (director) · published on 16-12-2024 · Gazette deed
First establishment
Koeketerstraat 25, Lommel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALGM Lommel | €32,067 | -€412 | 42.3% | - |
| MJD AGRI Beauvechain | €40,811 | -€8,344 | 29.9% | - |
| MASTA Leuven | €18,682 | -€5,815 | 83.0% | - |
| Werken Verheyen Nijlen | €47,826 | -€15,067 | -48.4% | - |
| Landman.Bio Lille | €77,666 | -€128,591 | -154.9% | - |
| SIMONIS FOOD CONSULTING Woluwe-Saint-Lambert | €31,624 | -€4,126 | 73.4% | - |
| GROGNA COUNCIL & CONSULT Ouffet | €45,047 | -€8,578 | -24.5% | - |
These companies have the same main activity as ALGM: support activities for crop production (NACE 01610). They are comparable in size and age: total assets between €18,700 and €77,700, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 12-12-2024Normal situation
- Activity
- Support activities for crop productionNACE 01610and 5 others
- Establishment unit
- 2.369.504.6173920 Lommel, since 12-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2025
Annual accounts 2025
- -€412
- €3,243
- €13,560▼ 19.3%
- €32,067▲ 55.7%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on ALGM
ALGM has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,560 and a net result of -€3,243.
Its solvency ranks better than 59% of 3,723 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 15-06-2026, 46 days before the deadline-€412
▼ €18,177
-€3,148
▼ €20,345
-€3,243
▼ €16,906
-€741
▼ €17,545
42.3%
▼ 39.3 percentage points
0.96
▼ 4.47
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €32,067 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
42.3%
Higher than 59% of 3,723 companies in 2025.
0.96
Higher than 41% of 3,646 companies in 2025.
-10.1%
Higher than 12% of 3,678 companies in 2025.
ALGM
Middle half of the sector
80% of the sector
Micro accounts in crop and animal production (NACE 01)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
32,067 | 20,596 | |
21/28 |
14,302 | - | |
22/27 |
14,302 | - | |
24 |
14,302 | - | |
29/58 |
17,766 | 20,596 | |
40/41 |
1,444 | 16,596 | |
40 |
1,140 | - | |
41 |
304 | 16,596 | |
54/58 |
16,080 | 4,000 | |
490/1 |
241 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
32,067 | 20,596 | |
10/15 |
13,560 | 16,803 | |
10/11 |
4,000 | 4,000 | |
13 |
12,803 | 12,803 | |
133 |
12,803 | 12,803 | |
14 |
-3,243 | - | |
17/49 |
18,507 | 3,792 | |
42/48 |
18,507 | 3,792 | |
44 |
4,474 | - | |
440/4 |
4,474 | - | |
45 |
- | 3,792 | |
450/3 |
- | 3,792 | |
47/48 |
14,033 | - | |
| Income statement | |||
9900 |
-412 | 17,765 | |
630 |
1,739 | - | |
640/8 |
997 | 568 | |
9901 |
-3,148 | 17,197 | |
65/66B |
95 | - | |
65 |
95 | - | |
9903 |
-3,243 | 17,197 | |
67/77 |
- | 3,534 | |
9904 |
-3,243 | 13,662 | |
9905 |
-3,243 | 13,662 | |
| Appropriation of the result | |||
9906 |
-3,243 | 13,662 | |
691/2 |
- | 12,803 | |
6921 |
- | 12,803 | |
694/7 |
- | 859 | |
694 |
- | 859 | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -1,409 | - | ||
| -1,504 | - | ||
| 16,041 | - | ||
| 12,080 | - | ||
| -741 | 16,803 | ||
| 42.3% | 81.6% | ||
| 0.96 | 5.43 | ||
| 1.36 | 0.23 | ||
| -23.9% | 81.3% | ||
| -10.1% | 66.3% | ||
| -14.78 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €16,041 | - |
| €1,739 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on ALGM
The operating result for 2025 is a loss of €3,148, after a profit of €17,197 in 2024.
Debt's share of the balance-sheet total rises from 18.4% to 57.7%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 16-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 15-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 16-12-2024
Mandates through the years
1 name, the dashed line is todayMARTENS Gust
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- MARTENS Gust
- Director (not named in the articles), appointed by deed of 16-12-2024, still in office
Control
Capital
- Contribution
- €4,000
- Shares
- 100
- Contribution per share
- €40
- Equity per share
- €136 in 2025
- Source
- deed of 16-12-2024
Articles of association
deed of 16-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 16-12-2024 ↗
- MARTENS Gust 100 shares (100%)
Network & group
No group
ALGM has no parent and no holdings in its annual accounts. MARTENS Gust is the only director. ALGM shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Annual accounts 2024 filed NBBmicro format · 28 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017274236
2024
IncorporationFounding capital of €4,000, 100 shares · Founder: MARTENS Gust · Appointment: MARTENS Gust (director) · published on 16-12-20246 points ▸
- Founder, MARTENS Gust
- Founding capital, €4,000, 100 shares
- MARTENS Gust holds 100 shares
- Registered office clause, Koeketerstraat 25, 3920 Lommel
- Board rule, 1
- Director appointment, MARTENS Gust (director (not named in the articles))
- The deed holds 2 more points.
First establishment Koeketerstraat 25, Lommel
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ALGM was incorporated on 12 December 2024 as a private limited company by one natural person, with a starting capital of €4,000.12 MARTENS Gust is director of the company, appointed by deed of 16-12-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1017.274.236
- VAT number
- BE 1017.274.236
- Peppol ID
- 0208:1017274236
- Other Peppol ID
- 9925:BE1017274236
- LEI code
- 648800NK5ZMYUSEIDC94 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 20:00deed of 16-12-2024 (in Dutch)
- Peppol
- Reachable since 31-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ALGM in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 16-12-2024 (in Dutch)
Activities
NACEBEL 202501610
Support activities for crop production main activity
42212
Civil engineering
43110
Demolition
43120
Site preparation
Codes under NACEBEL 2008
01610
Support activities for crop production main activity
01630
Crop and animal production, hunting and related service activities
42110
Construction of roads and motorways
42212
Civil engineering
43110
Demolition
43120
Site preparation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Ondersteunende activiteiten in verband met de teelt van gewassen; Voorbereiden van landbouwvelden; Opzetten van een teelt; Besproeien van…”deed of 16-12-2024 (in Dutch)
24 activities
- Ondersteunende activiteiten in verband met de teelt van gewassen
- Voorbereiden van landbouwvelden
- Opzetten van een teelt
- Besproeien van gewassen ook vanuit de lucht
- Snoeien van fruitbomen en wijnstokken
- Overplanten van rijst en uitdunnen van bieten
- Verhuur van landbouwmachines en -werktuigen met bedieningspersoneel
- Ongediertebestrijding (ook konijnen) m.b.t. de landbouw
- Exploitatie van irrigatiesystemen voor de landbouw
- Activiteiten met betrekking tot gewassen na de oogst
- Voorbereidende behandeling van de gewassen in functie van primaire markten : wassen, afsnijden, sorteren, desinfecteren
- Exploitatie van bossen : houthakken en de productie van onbewerkt hout als mijnhout, gekloofde staken, palen en brandhout
- Bouw van autowegen en andere wegen
- Bouw van tunnels voor spoorweg- en autoverkeer en van overige ondergrondse doorgangen
- Bouw van rioleringen
- Bouw van civieltechnische werken voor vloeistoffen, n.e.g.
- Ruimen van waterlopen, sloten, enz.
- Bouw van andere civieltechnische werken, n.e.g.
- Slopen
- Bouwrijp maken van terreinen
- Grondverzet : graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven
- Proefboren en boren
- Proefboren en het nemen van bodemmonsters ten behoeve van de bouw of voor geofysische, geologische of andere doeleinden
- Goederenvervoer over de weg, m.u.v. verhuisbedrijven
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koeketerstraat 25 registered office 3920 Lommel | 12-12-2024 | 2.369.504.617 |
Buildings and parcels at the address
- Ground area
- 942 m²
- Buildings
- 157 m²
- Volume, LiDAR
- 888 m³
- Tallest building
- 8.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72020C1401/00A003 | 942 m² | 1 · 157 m² | 8.7 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1017.274.236