Skip to content

ALGRO

Active Private limited companyfounded 2004active for 22 yearsWagenmakerijstraat 25, 8600 DiksmuideKBO/BCE: BE 0863.598.819

Lifetime

20 annual accounts with figures on one time axis, 22 filings since 2005
peak €350,051 (2014)
€20,235▲ €31,169
lowest -€38,581 (2025)
€56,270▲ €94,851
peak €120,562 (2026)
€120,562▲ 87.5%
€687,236▲ 1.6%
peak 4.1 FTE (2014)
-not published
Board3 names since 2020
2 directorsLoones and 1 other
Documentsfilings and deeds
29-09-202632 days before the deadline
2026abbreviated format
Gross margin from -€10,934 to €20,235Back to profit: €56,270Equity from €64,292 to €120,562Cash from €202 to €112

Key points

from the 2026 annual accounts

Equity

€120,562 ▲ 87.5%
€64,3002025€121,0002026

Equity rose in 2026 from €64,292 to €120,562.

Debts

€687,236 85% of the balance sheet
Financial debts 51%Suppliers 2%Taxes and wages 1%Other 45%

Of this, €233,587 falls due within a year.

Position in the sector

14.9%

Lower solvency than 87% of companies in specialised construction. Sector median 49.8% · 412 companies.

Checked score

54
Fair
Financially stronger than 38% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 1.5% 01-2025: 0.8%▼ -0.7 percentage points vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.7%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: 0.9%▲ +0.2 percentage points vs 09-2025 11-2025: 2.6%▲ +1.7 percentage points vs 10-2025highest value 12-2025: 2.2%▼ -0.4 percentage points vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.3%▲ +0.1 percentage points vs 06-2026 08-2026: 2.5%▲ +0.2 percentage points vs 07-2026 09-2026: 2.4%▼ -0.1 percentage points vs 08-2026 10-2026: 1.7%▼ -0.7 percentage points vs 09-2026 11-2026: 1.7%● unchanged vs 10-2026

Financial strength
Weak

40+6equity 14.9% of total assets
38-4short-term debt 28.9% · cash 0.0%
33+21return on assets 7.0%

Score breakdown

raises risk
Liquidity: current ratio 0.69, cash €112
1 change of registered office in 24 months
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €807,798
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 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).

Credit verdict

Credit of up to €6,000 on 30-day terms is acceptable

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.

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
raises risk · Liquidity: current ratio 0.69, cash €112
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €807,798
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 · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 412 sector peers (2026).
NBB · sector comparison
Position among 412 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
32 days early
2025
on the day
2024
28 days late
2023
1 day early
2022
3 days early
2021
36 days late
2020
128 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered office moved from Diksmuide Cayennestraat to Diksmuide Wagenmakerijstraat New registered office: 8600 Diksmuide Wagenmakerijstraat 25 · Previous registered office: 8600 Diksmuide Cayennestraat 4A · General meeting of 09-07-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0863598819
Resignation: Scharlaken Kim (director) Director discharge: Scharlaken Kim · General meeting of 07-09-2023 · Gazette deed
2 directors appointed, 1 resignation Resignation: Loones · Permanent representative: Loones Dieter · Appointments: Loones Dieter and Scharlaken Kim · General meeting of 04-08-2021 · Gazette deed
All 38 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 23-02-2004Normal situation
Activity
Site preparationNACE 43120and 1 other
Establishment unit
2.135.809.1488600 Diksmuide, since 23-02-2004
Financial year end
31 March
Peppol
Reachable since 22-01-2025
Company details

Annual accounts to 31-03-2026

≈ €220,000estimated
€807,798▲ 9.0%
Filing
Filed on 29-09-2026, 32 days before the end of the filing period
Financials

Insights on ALGRO

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.

Key facts about ALGRO

What is the company number of ALGRO?
The company number of ALGRO is 0863.598.819. The VAT number is the same number with BE in front: BE 0863.598.819.
Where is ALGRO based?
The registered office is at Wagenmakerijstraat 25, 8600 Diksmuide.Company details
What does ALGRO do?
According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of ALGRO?
ALGRO is a private limited company (BV).
When was ALGRO founded?
ALGRO was founded on 23-02-2004.
Is ALGRO still active?
Yes, ALGRO is an active enterprise in the KBO register.
How many employees does ALGRO have?
ALGRO had an average of 2.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of ALGRO?
The turnover in financial year 2026 is ≈ €220,000. This figure is estimated from the gross margin of €20,235 and 39 comparable companies (NACE 43120). It probably lies between €91,000 and €380,000. It is a rough estimate.
Is ALGRO profitable?
In financial year 2026, ALGRO made a profit of €56,270.
Where can I find the annual accounts of ALGRO?
ALGRO filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of ALGRO due?
ALGRO must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.