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 has been growing by about 10% per year since 2019. Its solvency ranks better than 13% of 367 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.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-02-2004 Normal situation
- Activity
- Site preparation NACE 43120and 1 other
- Establishment unit
- 2.135.809.148 8600 Diksmuide, since 23-02-2004
- Financial year end
- 31 March
- Peppol
- Reachable since 22-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- €20,235
- Turnover
- ≈ €220,000
- estimated
- Profit
- €56,270
- Equity
- €120,562
- ▲ 87.5%
- Total assets
- €807,798
- ▲ 9.0%
Score breakdownraises riskLiquidity: current ratio 0.69, cash €1121 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €807,798Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 43, micro). It does better than 17% of them on solvency, 27% on liquidity, 17% on profitability and 90% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 29-09-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2026 is a profit of €15,600, after a loss of €14,305 in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
- 2021 The accounts state 7,020.6 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure is therefore left out.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,874 | €30,000 | - | - | - |
| Financial fixed assets | - | - | €120,000 | €525,285 | - |
| Depreciation and write-downs of the year | €547 | €1,175 | €1,175 | €1,175 | €1,175 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| 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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Loones Dieter |
|
| Scharlaken Kim |
|
| LOONES |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- PHILIPS MARIO CONSTRUCTsubsidiarySourceown accounts 31-03-2026Equity €79,503 Loss of €93,802 in 2024 (loss of €14,365 in 2023) Checked score 34100%
Board mandates elsewhere
2 board mandatesConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
28-10
Gazette deed
Registered office moved from Diksmuide Cayennestraat to Diksmuide WagenmakerijstraatNew seat: 8600 Diksmuide Wagenmakerijstraat 25 · Previous seat: 8600 Diksmuide Cayennestraat 4A3 points ▸
- Other provision, “bekend te maken kopie na neerlegging van de akte ter griffie”, 25137235 (deed in Dutch)
- General meeting, 09-07-2025
- Registered-office move, 8600 Diksmuide Wagenmakerijstraat 25
30-10
Gazette deed
Resignation: Scharlaken Kim (director)Director discharge3 points ▸
- General meeting, 07-09-2023
- Director resignation, Scharlaken Kim (director)
- Director discharge, Scharlaken Kim (director)
Show earlier events
14-01
Gazette deed
2 directors appointed, 1 director resigningResignation: Loones (director) · Permanent representative: Loones Dieter · Appointments: Loones Dieter (director) and Scharlaken Kim (director)6 points ▸
- General meeting, 04-08-2021
- Director resignation, Loones (director)
- Director discharge, Loones (director)
- Permanent representative, Loones Dieter
- Director appointment, Loones Dieter (director)
- Director appointment, Scharlaken Kim (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0863.598.819
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32473C0085/00V000 | Flanders | 2,038 m² | 1 · 613 m² | 7.9 m · 2 |