ALGOL
ActiveSummary
ALGOL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254k and a net result of €41k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-14
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 6.04 against 2.99 in 2024; short-term debt: 14.6% and cash: 64.3% of total assets), and 14.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.3%
Return on assets
13.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
6 d late
2023
5 d early
2022
7 d early
2021
5 d late
2020
23 d late
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€254k▲ 16.8%
2024 · €218k
2018: €65k
2019: €49k
2020: €54k
2021: €82k
2022: €66k
2023: €74k
2024: €218k
2018 → 2025
Total assets
€298k▼ 10.5%
2024 · €333k
2018: €83k
2019: €57k
2020: €71k
2021: €128k
2022: €122k
2023: €133k
2024: €333k
2018 → 2025
Net result
€41k▼ 79.4%
2024 · €201k
2018: €15k
2019: €-16k
2020: €5k
2021: €28k
2022: €599
2023: €25k
2024: €201k
2018 → 2025
Working capital
€220k▼ 0.8%
2024 · €221k
2018: €58k
2019: €45k
2020: €47k
2021: €94k
2022: €68k
2023: €74k
2024: €221k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€66k▼ 18.9%€74k▲ 11.2%€218k▲ 196%€254k▲ 16.8%
Operating result€38k-€2k▼ 95.0%€36k▲ 1,764%€292k▲ 722%€59k▼ 79.7%
Net result€28k-€599▼ 97.8%€25k▲ 4,002%€201k▲ 718%€41k▼ 79.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298k
Fixed assets
€35k
Current assets
€263k
Equity and liabilities €298k
Equity
€254k ▲ 16.8%
Debt
€44k ▼ 62.0%
Debt's share of the balance-sheet total falls from 34.6% to 14.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k
Cash flow
€50k
Current ratio
6.04▲
2024 · 2.99
Debt to equity
0.17▼
2024 · 0.53
ROE
16.3%▼
2024 · 92.4%
ROA
13.9%▼
2024 · 60.5%
Interest coverage
341.26
Debt ≤ 1 year
€44k▼
2024 · €111k
Income taxes
€18k▼
2024 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€333k€298k▼
Fixed assets21/28-€35k
Tangible fixed assets22/27-€35k
Furniture and vehicles24-€35k
Current assets29/58€333k€263k▼
Amounts receivable within one year40/41€152k€68k▼
Trade receivables40€152k€66k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€180k€192k▲
Deferred charges and accrued income490/1€621€4k▲
Equity and liabilities
Total equity and liabilities10/49€333k€298k▼
Equity10/15€218k€254k▲
Contributions10/11€8k€8k=
Reserves13€206k€242k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€201k€237k▲
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€115k€44k▼
Amounts payable within one year42/48€111k€44k▼
Trade debts44€3k€19k▲
Suppliers440/4€3k€19k▲
Taxes, remuneration and social security45€50k€17k▼
Taxes450/3€50k€17k▼
Other amounts payable47/48€59k€7k▼
Accrued charges and deferred income492/3€4k€129▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8k
Other operating charges640/8€222€2k▲
Gross operating margin9900€292k€69k▼
Operating profit (loss)9901€292k€59k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€42€199▲
Recurring financial charges65€42€199▲
Profit (loss) for the period before taxes9903€292k€59k▼
Income taxes67/77€91k€18k▼
Profit (loss) for the period9904€201k€41k▼
Profit (loss) for the period to be appropriated9905€201k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€45k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer from equity791/2-€5k
Transfer to equity691/2€144k€41k▼
To other reserves6921€144k€41k▼
Profit to be distributed694/7€57k€5k▼
Return on contributions (dividend)694€57k€5k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 6.04
Current ratio from 2.99 to 6.04; short-term debt falls from €111k to €44k.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Highest result since 2018net €201k ▲718%
Operating result €292k, net result €201k, both a record.
31-12
Financial
Equity above €200kEq €218k ▲196%
5 profitable years in a row build equity to €218k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Weakest financial yearnet €-16k ▼204%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 17.17
Current ratio from 5.56 to 17.17; short-term debt falls from €13k to €3k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roelandtsstraat 281030 SchaarbeekGround area
180 m²
Building footprint
93 m²
Volume, LiDAR
1,488 m³
Parcel 21906D0118/00F010, Brussels · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ALGOL SPRL
since 20082.174.557.084
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0118/00F010 | Brussels | 180 m² | 1 · 93 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 5,012 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.