Summary
ALGORO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €310,427 and a net result of €2,373. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 6155 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €310,427
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 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
30 d early
2022
12 d early
2021
5 d early
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€310,427▲ 0.8%
2023 · €308,054
Net result
€2,373▼ 91.6%
2023 · €28,316
Total assets
€605,184▼ 2.4%
2023 · €619,893
Solvency
51.3%▲ 1.6pp
2023 · 49.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€13,377▼ 204%-€30,758▼ 130%€11,934€43,430▲ 264%-€2,469
Net result€9,151within the sector's middle half▼ 30.8%-€27,936below the sector's middle half-€3,251below the sector's middle half▲ 88.4%€28,316within the sector's middle half€2,373below the sector's middle half▼ 91.6%
Equity€528,783within the sector's middle half▲ 1.8%€282,989within the sector's middle half▼ 46.5%€279,738within the sector's middle half▼ 1.1%€308,054within the sector's middle half▲ 10.1%€310,427within the sector's middle half▲ 0.8%
Total assets€529,398within the sector's middle half▼ 10.9%€847,047within the sector's middle half▲ 60.0%€852,062within the sector's middle half▲ 0.6%€619,893below the sector's middle half▼ 27.2%€605,184below the sector's middle half▼ 2.4%
Debt€614▼ 99.2%€564,058▲ 91,720%€572,323▲ 1.5%€311,839▼ 45.5%€294,758▼ 5.5%
Working capital€509,372▲ 1.7%€721,198▲ 41.6%€731,311▲ 1.4%€296,560▼ 59.4%€302,521▲ 2.0%
Solvency99.9%above the sector's middle half▲ 12.4pp33.4%within the sector's middle half▼ 66.5pp32.8%within the sector's middle half▼ 0.6pp49.7%within the sector's middle half▲ 16.9pp51.3%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,469 after €43,430 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €605,184
Fixed assets
€7,906 ▼ 31.2%
Current assets
€597,279 ▼ 1.8%
Equity and liabilities €605,184
Equity
€310,427 ▲ 0.8%
Debt
€294,758 ▼ 5.5%
Debt's share of the balance-sheet total falls from 50.3% to 48.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.8%▼
2023 · 9.2%
ROA
0.4%▼
2023 · 4.6%
Debt ≤ 1 year
€294,758▼
2023 · €311,839
Income taxes
€3,295▼
2023 · €6,993
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,181 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,468 | €4,391 | €4,364 | €3,926 | €4,428 | ▲ 12.8% |
| Other operating charges640/8 | - | €2,118 | €348 | €502 | €968 | ▲ 92.9% |
| Gross operating margin9900 | -€8,909 | -€24,249 | €16,645 | €47,857 | €2,927 | ▼ 93.9% |
| Operating profit (loss)9901 | -€13,377 | -€30,758 | €11,934 | €43,430 | -€2,469 | ▼ 106% |
| Financial income75/76B | - | €7,603 | €17,560 | €14,933 | €18,966 | ▲ 27.0% |
| Recurring financial income75 | €27,847 | €7,603 | €17,560 | €14,933 | €18,966 | ▲ 27.0% |
| Financial charges65/66B | - | €4,474 | €32,344 | €23,055 | €10,829 | ▼ 53.0% |
| Recurring financial charges65 | €295 | €4,474 | €32,344 | €23,055 | €10,829 | ▼ 53.0% |
| Profit (loss) for the period before taxes9903 | €14,175 | -€27,629 | -€2,850 | €35,309 | €5,667 | ▼ 83.9% |
| Income taxes67/77 | €5,024 | €307 | €401 | €6,993 | €3,295 | ▼ 52.9% |
| Profit (loss) for the period9904 | €9,151 | -€27,936 | -€3,251 | €28,316 | €2,373 | ▼ 91.6% |
| Profit (loss) for the period to be appropriated9905 | €9,151 | -€27,936 | -€3,251 | €28,316 | €2,373 | ▼ 91.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €529,398 | €847,047 | €852,062 | €619,893 | €605,184 | ▼ 2.4% |
| Fixed assets21/28 | €19,412 | €15,021 | €10,657 | €11,494 | €7,906 | ▼ 31.2% |
| Tangible fixed assets22/27 | €19,412 | €15,021 | €10,657 | €11,494 | €7,906 | ▼ 31.2% |
| Furniture and vehicles24 | - | €9,282 | €5,875 | €7,668 | €5,036 | ▼ 34.3% |
| Other tangible fixed assets26 | - | €5,739 | €4,782 | €3,826 | €2,869 | ▼ 25.0% |
| Current assets29/58 | €509,986 | €832,026 | €841,404 | €608,399 | €597,279 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €501,234 | €58,853 | €181,874 | €10,945 | €1,871 | ▼ 82.9% |
| Trade receivables40 | - | €48,335 | €167,085 | €9,899 | €1,281 | ▼ 87.1% |
| Other amounts receivable41 | - | €10,518 | €14,789 | €1,046 | €590 | ▼ 43.6% |
| Current investments50/53 | - | €443,834 | €452,392 | €511,303 | €525,715 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €7,692 | €328,732 | €206,157 | €86,151 | €68,512 | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | €607 | €981 | - | €1,180 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €529,398 | €847,047 | €852,062 | €619,893 | €605,184 | ▼ 2.4% |
| Equity10/15 | €528,783 | €282,989 | €279,738 | €308,054 | €310,427 | ▲ 0.8% |
| Contributions10/11 | - | €223,600 | €223,600 | €223,600 | €223,600 | = |
| Reserves13 | €79,675 | €67,242 | €67,242 | €84,454 | €86,827 | ▲ 2.8% |
| Distributable reserves133 | - | €67,242 | €67,242 | €84,454 | €86,827 | ▲ 2.8% |
| Profit (loss) carried forward14 | €7,651 | -€7,853 | -€11,103 | - | - | - |
| Amounts payable17/49 | €614 | €564,058 | €572,323 | €311,839 | €294,758 | ▼ 5.5% |
| Amounts payable after more than one year17 | - | €450,000 | €450,000 | - | - | - |
| Financial debts170/4 | - | €450,000 | €450,000 | - | - | - |
| Amounts payable within one year42/48 | €614 | €110,828 | €110,093 | €311,839 | €294,758 | ▼ 5.5% |
| Trade debts44 | - | €1,578 | €3,484 | €771 | €4,618 | ▲ 499% |
| Suppliers440/4 | - | €1,578 | €3,484 | €771 | €4,618 | ▲ 499% |
| Taxes, remuneration and social security45 | - | €961 | €1,008 | €601 | €3,689 | ▲ 514% |
| Taxes450/3 | - | €961 | €1,008 | €601 | €3,689 | ▲ 514% |
| Other amounts payable47/48 | - | €108,288 | €105,601 | €310,467 | €286,451 | ▼ 7.7% |
| Accrued charges and deferred income492/3 | - | €3,230 | €12,230 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,151 | -€27,936 | -€3,251 | €28,316 | €2,373 | ▼ 91.6% |
| + Depreciation and write-downs630 | €4,468 | €4,391 | €4,364 | €3,926 | €4,428 | ▲ 12.8% |
| Operating cash flow (approximation) | €13,619 | -€23,546 | €1,113 | €32,241 | €6,801 | ▼ 78.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,762 | -€840 | ▲ 82.4% |
| Change in cash | - | €321,040 | -€122,574 | -€120,007 | -€17,638 | ▲ 85.3% |
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €28,316
Net result €28,316 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€27,936
Net result drops to -€27,936, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 108current ratio 830.18
Current ratio from 7.72 to 830.18; short-term debt falls from €74,487 to €614.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 2002
Ground area
241 m²
Building footprint
99 m²
Volume, LiDAR
1,623 m³
Parcel 21447B0313/00B004, Brussels · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Louis Lepoutrelaan 98, 1050 Elsene
since 20022.114.497.357
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0313/00B004 | Brussels | 241 m² | 1 · 99 m² | 20.3 m · 6 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400SRYN4PWQ2N3A78
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476925343
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.