Equity
-€117,586
Debts exceed assets in financial year 2025.
ALGRE
Lifetime
18 annual accounts with figures on one time axispeak €4,277 (2008)
-€1,327▼ €1,041
lowest -€48,917 (2011)
-€1,778▼ €1,334
peak -€16,521 (2008)
-€117,586▼ €1,778
€117,589▲ 1.5%
peak 0.5 FTE (2008)
-not published
Board1 name since 2022
1 directorVAN dER HEYDEN Greta Nelly Constant
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from -€286 to -€1,327Loss of €1,778
Key points
from the 2025 annual accountsLosses
-€136,186 in 18 years
Every financial year from 2008 to 2025 closed with a loss. 2011 was the heaviest.
Filings
18 annual accounts since 2008
The 2024 accounts came 365 days late. The other nine of the last ten were filed on time.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 21% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 2.1%● unchanged vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.7%▲ +0.6 percentage points vs 03-2026highest value
05-2026: 1.2%▼ -1.5 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €1,778, the second in a row (financial year 2025)
No main activity registered
Negative equity -€117,586
lowers risk
Size: total assets €3
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 (no NACE code, micro). It does better than 5% of them on solvency, 35% on liquidity, 4% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,907 companies had the same profile as ALGRE has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALGRE itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,907 companies, not a prediction for ALGRE. 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
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€117,586
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
365 days late
2023
42 days early
2022
46 days early
2021
40 days early
2020
44 days early
2019
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 22 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 March (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Company renamed from NIGREPAL to ALGRE
Registered office moved from Antwerp to Antwerpen-Merksem · New registered office: Bredabaan 454/1, 2170 Antwerpen-Merksem · Previous registered office: Daniël Herreynslaan 126, 2610 Antwerpen · Gazette deed
Incorporation
published on 28-11-2007 · Gazette deed
First establishment
De Roos Van Casablanca, Bredabaan 454, Antwerp
Official details
Source: KBO- Status
- Active since 16-11-2007Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.166.777.1892170 Antwerp, since 14-11-2007
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2025
- €3▼ 23.2%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on ALGRE
ALGRE files the micro format. That format states no turnover. The gross margin fell from €4,277 in 2008 to -€1,327 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ALGRE
- What is the company number of ALGRE?
- The company number of ALGRE is 0893.526.188. The VAT number is the same number with BE in front: BE 0893.526.188.
- Where is ALGRE based?
- The registered office is at Bredabaan 454, 2170 Antwerp.Company details
- What is the legal form of ALGRE?
- ALGRE is a private limited company (BV).
- When was ALGRE founded?
- ALGRE was founded on 16-11-2007.
- Is ALGRE still active?
- Yes, ALGRE is an active enterprise in the KBO register.
- What is the turnover of ALGRE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ALGRE profitable?
- In financial year 2025, ALGRE made a loss of €1,778.
- Where can I find the annual accounts of ALGRE?
- ALGRE filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALGRE due?
- ALGRE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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