ALGRO
ActiveSummary
The computed 12-month bankruptcy probability of ALGRO is 1.7% (moderate). The 2026 annual accounts show equity of €120,562 and a net result of €56,270. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 14% of 252 sector peers (NACE 43, financial year 2026). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2026, abbreviated format
Equity
€120,562▲ 87.5%
2025 · €64,292
Total assets
€807,798▲ 9.0%
2025 · €740,869
Net result
€56,270
2025 · -€38,581
Working capital
-€73,201▲ 2.7%
2025 · -€75,238
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result returns to profit in 2026: €15,600 after a loss of €14,305 in 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€15,600
2026
Net result€56,270
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€807,798
2026
Equity€120,562
2026
Debt€687,236
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€73,201
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.0%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency14.9%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.69
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)2.8
2020
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€103,710-€84,385▼ 18.6%€4,971▼ 94.1%-€11,881€43,650€30,101▼ 31.0%-€14,305€15,600
Net result€94,606-€72,673▼ 23.2%€281below the sector's middle half▼ 99.6%-€13,555below the sector's middle half€38,824within the sector's middle half€18,990within the sector's middle half▼ 51.1%-€38,581below the sector's middle half€56,270
Equity€61,461-€59,134▼ 3.8%€59,415below the sector's middle half▲ 0.5%€45,859below the sector's middle half▼ 22.8%€84,683below the sector's middle half▲ 84.7%€102,873below the sector's middle half▲ 21.5%€64,292below the sector's middle half▼ 37.5%€120,562▲ 87.5%
Total assets€475,416-€204,435▼ 57.0%€196,748below the sector's middle half▼ 3.8%€114,216below the sector's middle half▼ 41.9%€167,744below the sector's middle half▲ 46.9%€232,711below the sector's middle half▲ 38.7%€740,869within the sector's middle half▲ 218%€807,798▲ 9.0%
Debt€413,955-€145,300▼ 64.9%€137,333▼ 5.5%€68,357▼ 50.2%€83,061▲ 21.5%€129,838▲ 56.3%€676,577▲ 421%€687,236▲ 1.6%
Working capital€75,842-€146,395▲ 93.0%€57,915within the sector's middle half▼ 60.4%€39,896within the sector's middle half▼ 31.1%€80,760within the sector's middle half▲ 102%€23,364below the sector's middle half▼ 71.1%-€75,238below the sector's middle half-€73,201▲ 2.7%
Solvency12.9%-28.9%▲ 16.0pp30.2%within the sector's middle half▲ 1.3pp40.2%within the sector's middle half▲ 10.0pp50.5%within the sector's middle half▲ 10.3pp44.2%within the sector's middle half▼ 6.3pp8.7%below the sector's middle half▼ 35.5pp14.9%▲ 6.2pp
Current ratio1.25-4.23▲ 2.981.42within the sector's middle half▼ 2.811.59within the sector's middle half▲ 0.171.99within the sector's middle half▲ 0.401.28within the sector's middle half▼ 0.720.55below the sector's middle half▼ 0.720.69▲ 0.14
Return on assets (ROA)19.9%-35.5%▲ 15.6pp0.1%below the sector's middle half▼ 35.4pp-11.9%below the sector's middle half▼ 12.0pp23.1%above the sector's middle half▲ 35.0pp8.2%within the sector's middle half▼ 15.0pp-5.2%below the sector's middle half▼ 13.4pp7.0%▲ 12.2pp
Staff (FTE)2.1-2.8▲ 33.3%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Staff figure corrected
- 2021 Left out: filed figure impossible (7,020.6). The filed figure means under EUR 100 of staff costs per FTE.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €807,798
Fixed assets
€647,413 ▼ 0.2%
Current assets
€160,386 ▲ 73.8%
Equity and liabilities €807,798
Equity
€120,562 ▲ 87.5%
Debt
€687,236 ▲ 1.6%
Debt's share of the balance-sheet total falls from 91.3% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,775▲
2025 · -€13,130
Cash flow
€57,445▲
2025 · -€37,406
Debt to equity
5.70▼
2025 · 10.52
ROE
46.7%▲
2025 · -60.0%
Interest coverage
0.67▲
2025 · -0.54
Debt ≤ 1 year
€233,587▲
2025 · €167,519
Debt > 1 year
€453,650▼
2025 · €509,057
Income taxes
€4,325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,275 | €11,299 | €11,239 | €547 | €1,175 | €1,175 | €1,175 | €1,175 | = |
| Other operating charges640/8 | - | - | - | €3,857 | €4,486 | €3,585 | €2,197 | €3,460 | ▲ 57.5% |
| Non-recurring operating charges66A | - | - | - | - | €1,032 | - | - | - | - |
| Gross operating margin9900 | €229,698 | €244,109 | €33,512 | -€7,477 | €50,344 | €34,861 | -€10,934 | €20,235 | - |
| Operating profit (loss)9901 | €103,710 | €84,385 | €4,971 | -€11,881 | €43,650 | €30,101 | -€14,305 | €15,600 | - |
| Financial income75/76B | - | - | - | €1,476 | €2,507 | €2 | €20 | €70,000 | ▲ 3,500× |
| Recurring financial income75 | €5,965 | €11 | €1,230 | €1,476 | €2,507 | €2 | €20 | €70,000 | ▲ 3,500× |
| Financial charges65/66B | - | - | - | €3,151 | €576 | €3,229 | €24,296 | €25,005 | ▲ 2.9% |
| Recurring financial charges65 | €12,627 | €11,016 | €5,697 | €3,151 | €576 | €3,229 | €24,296 | €25,005 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €97,047 | €73,320 | €504 | -€13,555 | €45,582 | €26,874 | -€38,581 | €60,595 | - |
| Income taxes67/77 | €2,441 | €647 | €223 | - | €6,758 | €7,884 | - | €4,325 | - |
| Profit (loss) for the period9904 | €94,606 | €72,673 | €281 | -€13,555 | €38,824 | €18,990 | -€38,581 | €56,270 | - |
| Profit (loss) for the period to be appropriated9905 | €94,606 | €72,673 | €281 | -€13,555 | €38,824 | €18,990 | -€38,581 | €56,270 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €475,416 | €204,435 | €196,748 | €114,216 | €167,744 | €232,711 | €740,869 | €807,798 | ▲ 9.0% |
| Fixed assets21/28 | €98,262 | €12,739 | €1,500 | €6,827 | €5,652 | €124,478 | €648,588 | €647,413 | ▼ 0.2% |
| Tangible fixed assets22/27 | €96,700 | €11,239 | - | €5,327 | €4,152 | €2,978 | €1,803 | €628 | ▼ 65.2% |
| Plant, machinery and equipment23 | - | - | - | €3,308 | €2,638 | €1,968 | €1,298 | €628 | ▼ 51.6% |
| Furniture and vehicles24 | - | - | - | €2,019 | €1,515 | €1,010 | €505 | - | - |
| Financial fixed assets28 | €1,562 | €1,500 | €1,500 | €1,500 | €1,500 | €121,500 | €646,785 | €646,785 | = |
| Current assets29/58 | €377,155 | €191,696 | €195,248 | €107,389 | €162,092 | €108,234 | €92,281 | €160,386 | ▲ 73.8% |
| Stocks and contracts in progress3 | €104,952 | €130,711 | €108,000 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €254,933 | €39,449 | €84,734 | €100,896 | €156,984 | €104,865 | €90,552 | €159,157 | ▲ 75.8% |
| Trade receivables40 | - | - | - | €33,835 | €29,575 | €90,114 | €60,090 | €51,230 | ▼ 14.7% |
| Other amounts receivable41 | - | - | - | €67,061 | €127,409 | €14,752 | €30,463 | €107,927 | ▲ 254% |
| Cash at bank and in hand54/58 | €4,260 | €8,850 | €704 | €2,135 | €1,936 | €477 | €202 | €112 | ▼ 44.4% |
| Deferred charges and accrued income490/1 | - | - | - | €4,358 | €3,172 | €2,892 | €1,527 | €1,116 | ▼ 26.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €475,416 | €204,435 | €196,748 | €114,216 | €167,744 | €232,711 | €740,869 | €807,798 | ▲ 9.0% |
| Equity10/15 | €61,461 | €59,134 | €59,415 | €45,859 | €84,683 | €102,873 | €64,292 | €120,562 | ▲ 87.5% |
| Contributions10/11 | €19,000 | - | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €42,461 | €40,134 | €40,415 | €40,415 | €65,683 | €83,873 | €58,314 | €101,562 | ▲ 74.2% |
| Tax-exempt reserves132 | - | - | - | €40,124 | €40,124 | €40,124 | €40,124 | €40,124 | = |
| Distributable reserves133 | - | - | - | €291 | €25,559 | €43,749 | €18,190 | €61,438 | ▲ 238% |
| Profit (loss) carried forward14 | - | - | - | -€13,555 | - | - | -€13,022 | - | - |
| Amounts payable17/49 | €413,955 | €145,300 | €137,333 | €68,357 | €83,061 | €129,838 | €676,577 | €687,236 | ▲ 1.6% |
| Amounts payable after more than one year17 | €112,643 | €100,000 | - | - | - | €44,000 | €509,057 | €453,650 | ▼ 10.9% |
| Financial debts170/4 | - | - | - | - | - | - | €407,057 | €351,650 | ▼ 13.6% |
| Other amounts payable178/9 | - | - | - | - | - | €44,000 | €102,000 | €102,000 | = |
| Amounts payable within one year42/48 | €301,312 | €45,300 | €137,333 | €67,492 | €81,332 | €84,869 | €167,519 | €233,587 | ▲ 39.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €57,674 | €55,407 | ▼ 3.9% |
| Trade debts44 | €128,234 | €29,798 | €11,472 | €17,404 | €73,740 | €36,807 | €17,305 | €15,313 | ▼ 11.5% |
| Suppliers440/4 | - | - | - | €17,404 | €73,740 | €36,807 | €17,305 | €15,313 | ▼ 11.5% |
| Taxes, remuneration and social security45 | - | - | - | €3,228 | €7,592 | €9,952 | €5,032 | €7,937 | ▲ 57.7% |
| Taxes450/3 | - | - | - | €3,228 | €7,592 | €9,952 | €5,032 | €7,937 | ▲ 57.7% |
| Other amounts payable47/48 | - | - | - | €46,861 | - | €38,110 | €87,508 | €154,928 | ▲ 77.0% |
| Accrued charges and deferred income492/3 | - | - | - | €865 | €1,729 | €969 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,606 | €72,673 | €281 | -€13,555 | €38,824 | €18,990 | -€38,581 | €56,270 | - |
| + Depreciation and write-downs630 | €63,275 | €11,299 | €11,239 | €547 | €1,175 | €1,175 | €1,175 | €1,175 | = |
| Operating cash flow (approximation) | €157,881 | €83,972 | €11,519 | -€13,008 | €39,999 | €20,165 | -€37,406 | €57,445 | - |
| Investment in fixed assets (approximation) | - | €74,224 | €0 | -€5,874 | €0 | -€120,000 | -€525,285 | €0 | - |
| Change in cash | - | €4,590 | -€8,146 | €1,431 | -€200 | -€1,459 | -€275 | -€90 | ▲ 67.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 29-09-2026 | 2026-00538720 |
| 31-03-2025 | abbreviated format | 31-10-2025 | 2025-00559999 |
| 31-03-2024 | abbreviated format | 28-11-2024 | 2024-00608221 |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00496052 |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20475140 |
| 31-03-2021 | abbreviated format | 06-12-2021 | 2021-79500310 |
| 31-03-2020 | abbreviated format | 25-06-2020 | 2020-20600138 |
| 31-03-2019 | abbreviated format | 30-11-2019 | 2019-74900150 |
| 31-03-2018 | micro format | 30-11-2018 | 2018-73400381 |
| 31-03-2017 | micro format | 28-07-2017 | 2017-38200353 |
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Of the 8,336 active companies whose main activity is site preparation (NACE 43120), figures are known for 3,295. 2,702 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.