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ALGRE

Active Private limited companyfounded 2007active for 18 yearsBredabaan 454, 2170 AntwerpKBO/BCE: BE 0893.526.188

Overview

Lifetime

18 annual accounts with figures on one time axis
peak €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
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 accounts

Equity

-€117,586
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€136,186 in 18 years
2009-48,9172011201320152017201920212023-1,7782025

Every financial year from 2008 to 2025 closed with a loss. 2011 was the heaviest.

Filings

18 annual accounts since 2008
deadline2010201520202025

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 strength
Weak

0=equity -4229703.6% of total assets
50=short-term debt 452825.2% · cash 100.0%
0=return on assets -63964.0%

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
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

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
lowers risk · Size: total assets €3
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €1,778, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · No main activity registered
KBO
raises risk · Negative equity -€117,586
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity 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 filings
Deviation 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 months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VD
Director, since 04-04-2024
Board & ownership

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
All 22 events

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
Company details

Annual accounts to 30-09-2025

-€1,327▼ 363%
€1,778▲ 300%
-€117,586▼ 1.5%
€3▼ 23.2%
Filing
Filed on 30-04-2026, on the last day of the filing period
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 30-04-2026, on the day of the deadline
-€1,327
▼ €1,041
-€1,735
▼ €1,330
-€1,778
▼ €1,334
-€12,586
▼ €1,778
-
-

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €3 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 341111111111482581852,23263,00070,23786,358
21/28 ---------------58,47766,22574,891
21 ---------------53,12560,62568,125
22/27 ---------------3,5473,8245,016
23 ---------------2,9443,1364,242
24 ---------------603688773
28 ---------------1,8051,7761,750
29/58 341111111111482581852,2324,5234,01111,467
3 ---------------3338553,080
30/36 ---------------3338553,080
40/41 ------------22913667841,0544,165
41 ------------22913667841,0544,165
54/58 3411111111114829502,2263,4072,1031,496
490/1 -----------------2,725
Balance sheet: equity and liabilities
10/49 341111111111482581852,23263,00070,23786,358
10/15 -117,586-115,808-115,363-114,204-113,107-112,064-111,022-109,886-109,002-107,933-107,338-107,201-106,320-102,601-93,755-44,839-35,477-16,521
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,6006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ----------------12,40012,400
11 --18,60018,60018,60018,600------------
1109/19 --18,60018,60018,60018,600------------
14 -136,186-134,408-133,963-132,804-131,707-130,664-129,622-128,486-127,602-126,533-125,938-125,801-124,920-121,201-112,355-63,439-41,677-22,721
17/49 117,589115,811115,364114,205113,107112,065111,023109,887109,003107,934107,339107,349106,577102,78795,987107,839105,714102,878
17 105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,00082,50065,86379,86177,60075,622
170/4 --------------35,86349,86163,10075,622
178/9 105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,00082,50030,00030,00014,500-
42/48 12,58910,81110,3649,2058,1077,0656,0234,8874,0032,9342,3392,3491,57720,28730,12425,34326,88927,173
42 ------------20413,20421,58213,23913,89011,842
44 ----------1945428631,6752,4028,0055,41911,102
440/4 ----------1945428631,6752,4028,0055,41911,102
46 ---------------111--
45 --------------1032,9775,0674,229
450/3 --------------1032,9774,6203,218
454/9 ----------------4481,011
47/48 12,58910,81110,3649,2058,1077,0656,0234,8874,0032,9342,1451,8085105,4076,0371,0112,512-
492/3 ---------------2,6351,22583
Income statement
9900 -1,327-286-597-591-540-540-637-387-484--112-687-3,029-39-7,115-5,8133,5784,277
62 ---------------6047,6708,903
630 ---------------8,9208,6928,817
640/8 408118562507503502500496585595-9243850338,0151,8498851,908
9901 -1,735-404-1,159-1,098-1,043-1,042-1,136-884-1,069-595-112-779-3,466-542-45,130-17,186-13,668-15,350
75/76B -------------1433539155
75 -------------1433539155
65/66B 4440--------251022528,3053,8294,6105,3277,526
65 4440--------251022528,3053,8294,6105,3277,526
9903 -1,778-444-1,159-1,098-1,043-1,042-1,136-884-1,069-595-137-881-3,718-8,846-48,917-21,762-18,956-22,721
67/77 -------------0----
9904 -1,778-444-1,159-1,098-1,043-1,042-1,136-884-1,069-595-137-881-3,718-8,846-48,917-21,762-18,956-22,721
9905 -1,778-444-1,159-1,098-1,043-1,042-1,136-884-1,069-595-137-881-3,718-8,846-48,917-21,762-18,956-22,721
Appropriation of the result
9906 -136,186-134,408-133,963-132,804-131,707-130,664-129,622-128,486-127,602-126,533-125,938-125,801-124,920-121,201-112,355-63,439-41,677-22,721
14P -134,408-133,963-132,804-131,707--------------
Social balance sheet
9087 ----------------0.20.5
Hours worked1013 ----------------466510
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 30-04-2026 2026-00097148 PDF
30-09-2024 micro format 30-04-2026 2026-00097449 PDF
30-09-2023 micro format 19-03-2024 2024-00047813 PDF
30-09-2022 micro format 15-03-2023 2023-00041424 PDF
30-09-2021 micro format 21-03-2022 2022-08700067 PDF
30-09-2020 micro format 17-03-2021 2021-08100430 PDF
30-09-2019 micro format 20-03-2020 2020-07500268 PDF
30-09-2018 micro format 14-03-2019 2019-07300368 PDF
30-09-2017 micro format 06-03-2018 2018-06600493 PDF
30-09-2016 abbreviated format 22-03-2017 2017-07300353 PDF
30-09-2015 abbreviated format 16-03-2016 2016-06500396 PDF
30-09-2014 abbreviated format 12-03-2015 2015-06100121 PDF
30-09-2013 abbreviated format 14-03-2014 2014-06600250 PDF
30-09-2012 abbreviated format 30-04-2013 2013-10700463 PDF
30-09-2011 abbreviated format 12-04-2012 2012-08400549 PDF
30-09-2010 abbreviated format 28-04-2011 2011-09400585 PDF
30-09-2009 abbreviated format 10-05-2010 2010-11500134 PDF
30-09-2008 abbreviated format 28-07-2009 2009-49100269 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
----------------8,266-4,977-6,533
----------------12,842-10,265-13,903
---------------1,1722682,858
-1300000000-148119-20-2,176-1,1811,304607-
-12,586-10,808-10,363-9,204-8,107-7,064-6,022-4,886-4,002-2,933-2,338-2,201-1,320-20,101-27,892-20,820-22,877-15,706
----------------71.2%-50.5%-19.1%
---------------0.180.150.42
---------------0.170.120.31
----------------34.5%-27.0%-26.3%

The ratios are withheld because a balance sheet total of €3 is too small for a meaningful ratio.

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.

Insights on ALGRE

The operating result for 2025 is a loss of €1,735, larger than the loss of €404 in 2024. It is the lowest result since 2013.

Equity is negative. Debt (€117,589) exceeds the balance-sheet total (€3).

Board & ownership

Board

1 director, last change in 2024
Director (not named in the articles)
since 04-04-2024 term without a fixed end
earlier statutory director, until 10-04-2024
listed in the 2025 annual accounts, filed on 30-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VAN dER HEYDEN Greta Nelly Constant
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • VAN dER HEYDEN Greta Nelly Constant
    • Director (not named in the articles), since before 30-09-2022
    • Statutory director, until 10-04-2024

See the board, name and registered office on a given date →

Control

Capital

Contribution
€18,600
Source
deed of 10-04-2024

Articles of association

deed of 10-04-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Membership ruleThe articles set who can become a member or partner, and on what terms.
“Toelating algemene vergadering en stemrecht, rechten niet geschorst behalve enkel stemrecht geschorst mag deelnemen zonder stemming”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of March at 16:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Algemene vergadering bepaalt wijze overeenkomstig wettelijke bepalingen”

Network & group

No group

ALGRE has no parent and no holdings in its annual accounts. VAN dER HEYDEN Greta Nelly Constant is the only director. ALGRE shares no director with another company.

At the same address

Bredabaan 454, 2170 Antwerp · 1 other company
Gramo Electro
registered office since 02-04-2014 · founded in 2014
2.3 FTE (2025)
0549.911.707

Timeline

Timeline

22 events since 2007

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2024 filed PDFmicro format · 365 days late
Annual accounts 2025 filed PDFmicro format · on the deadline day
2024
Company renamed from NIGREPAL to ALGRERegistered office moved from Antwerp to Antwerpen-Merksem · New registered office: Bredabaan 454/1, 2170 Antwerpen-Merksem · Previous registered office: Daniël Herreynslaan 126, 2610 Antwerpen7 points ▸
  • Name change, ALGRE
  • Purpose change, “De uitbating,het beheer en de inrichting van drankgelegenheden,verbruikssalons,cafés,tavernes,clubs,bars,tearooms,restaurants,hotels,traiteurdiensten,alsook het…” (deed in Dutch)
  • Registered-office move, Bredabaan 454/1, 2170 Antwerpen-Merksem
  • Director resignation, VAN dER HEYDEN Greta Nelly Constant (statutory director)
  • Director appointment, VAN dER HEYDEN Greta Nelly Constant (director (not named in the articles))
  • 100 shares
  • Power of attorney, Caroline de BRUYN
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 42 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 46 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 40 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 44 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 41 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 47 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 55 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 39 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 45 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 49 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 47 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · on the deadline day
2012
Annual accounts 2011 filed PDFabbreviated format · 18 days before the deadline
2011
Weakest financial year net -€48,917 The net result drops to -€48,917, the lowest from 2008 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 10 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 89 days late
2007
Incorporation PDFpublished on 28-11-2007
First establishment De Roos Van Casablanca, Bredabaan 454, Antwerp

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 16 November 2007, ALGRE was incorporated.1 The name was changed to ALGRE in 2024.2 In 2024 the registered office moved to Antwerpen-Merksem.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-04-2024

Company details

Identity

Enterprise number
0893.526.188
VAT number
BE 0893.526.188
Legal form
Private limited company
Status
Active, normal situation
Founded
16-11-2007
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of March at 16:00
deed of 10-04-2024 (in Dutch)
Peppol
Not found in the Peppol Directory
Name
ALGRE in Dutch
Former name
NIGREPAL until the deed of 10-04-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-04-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
De Roos Van Casablanca registered office Bredabaan 454, 2170 Antwerp 5611105 Full-service restaurants 14-11-2007 2.166.777.189

Buildings and parcels at the address

Ground area
141 m²
Buildings
141 m²
Volume, LiDAR
727 m³
Tallest building
11.7 m
Buildings to scale, each on its own parcel
141 m², 11.7 m 141 m², 11.7 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11422C0189/00H008141 m² 1 · 141 m² 11.7 m · 1

Invoicing and payment

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Register as of 9 November 2026 · Peppol Directory