Equity
Equity rose in 2026 from €64,292 to €120,562.
Equity rose in 2026 from €64,292 to €120,562.
Of this, €233,587 falls due within a year.
Lower solvency than 87% of companies in specialised construction. Sector median 49.8% · 412 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 08-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Liquidity is insufficient, with a current ratio of 0.69 (0.55 in 2025), below 1. Short-term debt is 28.9% and cash 0% of total assets. 85.1% of the assets are financed with debt and provisions.
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.
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.
| Company | ||||
|---|---|---|---|---|
| ALGRO Diksmuide | €807,798 | €20,235 | 14.9% | - |
| TERRASSEMENTS GEERTS ET FILS Chimay | €954,641 | €14,536 | 0.8% | - |
| OP DE BEECK KURT Duffel | €483,589 | €20,068 | -94.2% | - |
| DE SUTTER LUDO Lievegem | €671,144 | €34,850 | 69.5% | 0 |
| ALGEMENE BOUWWERKEN TURCQ Lo-Reninge | €474,304 | €28,839 | 92.2% | - |
| STUBBE NICO CONSTRUCT Zedelgem | €800,043 | €11,304 | 17.9% | - |
| DEVUYST Bredene | €518,832 | €17,957 | 81.6% | - |
These companies have the same main activity as ALGRO: site preparation (NACE 43120). They are comparable in size and age: total assets between €474,000 and €955,000, founded between 1991 and 2011.
ALGRO files the abbreviated format. That format states no turnover. The gross margin fell from €53,579 in 2007 to €20,235 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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