ALGUKO
ActiveSummary
ALGUKO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,043 and a net result of -€13,947. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 7859 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-27
Solvency74▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 31.25 against 25.92 in 2024; short-term debt: 0.7% and cash: 21.8% of total assets), but 51.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.9%
Return on assets
-9.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,947
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
44 d early
2023
30 d late
2022
24 d early
2021
30 d early
2020
36 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€73,043▼ 16.0%
2024 · €86,990
Total assets
€149,332▼ 7.5%
2024 · €161,434
Net result
-€13,947▼ 403%
2024 · -€2,771
Working capital
€31,736▲ 1.8%
2024 · €31,167
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,854-€5,421▲ 38.8%€5,160€1,646▼ 68.1%-€10,072
Net result-€11,779below the sector's middle half▼ 749%-€7,838below the sector's middle half▲ 33.5%€1,392within the sector's middle half-€2,771below the sector's middle half-€13,947below the sector's middle half▼ 403%
Equity€97,486within the sector's middle half▼ 11.8%€89,648within the sector's middle half▼ 8.0%€89,762within the sector's middle half▲ 0.1%€86,990within the sector's middle half▼ 3.1%€73,043within the sector's middle half▼ 16.0%
Total assets€190,735within the sector's middle half▼ 11.6%€167,209within the sector's middle half▼ 12.3%€165,209within the sector's middle half▼ 1.2%€161,434within the sector's middle half▼ 2.3%€149,332within the sector's middle half▼ 7.5%
Debt€85,533▼ 11.9%€70,280▼ 17.8%€68,602▼ 2.4%€68,034▼ 0.8%€70,314▲ 3.4%
Working capital€44,131within the sector's middle half▲ 12.9%€34,224within the sector's middle half▼ 22.4%€38,727within the sector's middle half▲ 13.2%€31,167within the sector's middle half▼ 19.5%€31,736within the sector's middle half▲ 1.8%
Solvency51.1%within the sector's middle half▼ 0.1pp53.6%within the sector's middle half▲ 2.5pp54.3%within the sector's middle half▲ 0.7pp53.9%within the sector's middle half▼ 0.4pp48.9%within the sector's middle half▼ 5.0pp
Current ratio6.94above the sector's middle half▲ 4.1715.84above the sector's middle half▲ 8.9110.88above the sector's middle half▼ 4.9625.92above the sector's middle half▲ 15.0431.25above the sector's middle half▲ 5.33
Return on assets (ROA)-6.2%below the sector's middle half▼ 5.5pp-4.7%below the sector's middle half▲ 1.5pp0.8%within the sector's middle half▲ 5.5pp-1.7%below the sector's middle half▼ 2.6pp-9.3%below the sector's middle half▼ 7.6pp
Staff (FTE)0.5▲ 66.7%0.2▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,072 after €1,646 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,332
Fixed assets
€116,546 ▼ 9.7%
Current assets
€32,785 ▲ 1.1%
Equity and liabilities €149,332
Equity
€73,043 ▼ 16.0%
Provisions
€5,975 ▼ 6.8%
Debt
€70,314 ▲ 3.4%
Debt's share of the balance-sheet total rises from 42.1% to 47.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,398▼
2024 · €13,191
Cash flow
-€1,477▼
2024 · €8,774
Debt to equity
0.96▲
2024 · 0.78
ROE
-19.1%▼
2024 · -3.2%
Interest coverage
0.54▼
2024 · 2.67
Debt ≤ 1 year
€1,049▼
2024 · €1,251
Debt > 1 year
€64,882▲
2024 · €61,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,471 | €6,242 | €5,372 | - | - |
| Remuneration, social security and pensions62 | €11,278 | €3,740 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,052 | €8,150 | €8,118 | €11,545 | €12,470 | ▲ 8.0% |
| Other operating charges640/8 | €2,960 | €2,970 | €3,990 | €2,855 | €2,926 | ▲ 2.5% |
| Gross operating margin9900 | €24,435 | €9,439 | €17,268 | €16,045 | €5,324 | ▼ 66.8% |
| Operating profit (loss)9901 | -€8,854 | -€5,421 | €5,160 | €1,646 | -€10,072 | ▼ 712% |
| Financial income75/76B | €0 | €293 | €54 | €94 | €126 | ▲ 34.1% |
| Recurring financial income75 | €0 | €293 | €54 | €94 | €126 | ▲ 34.1% |
| Financial charges65/66B | €3,130 | €2,895 | €3,754 | €4,946 | €4,436 | ▼ 10.3% |
| Recurring financial charges65 | €3,130 | €2,895 | €3,754 | €4,946 | €4,436 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | -€11,984 | -€8,023 | €1,460 | -€3,207 | -€14,383 | ▼ 349% |
| Transfer from deferred taxes780 | €435 | €435 | €435 | €435 | €435 | = |
| Income taxes67/77 | €230 | €250 | €503 | - | - | - |
| Profit (loss) for the period9904 | -€11,779 | -€7,838 | €1,392 | -€2,771 | -€13,947 | ▼ 403% |
| Transfer from tax-exempt reserves789 | €1,741 | €1,741 | €1,741 | €1,741 | €1,741 | = |
| Profit (loss) for the period to be appropriated9905 | -€10,038 | -€6,096 | €3,133 | -€1,030 | -€12,206 | ▼ 1,085% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,735 | €167,209 | €165,209 | €161,434 | €149,332 | ▼ 7.5% |
| Fixed assets21/28 | €139,169 | €130,679 | €122,561 | €129,016 | €116,546 | ▼ 9.7% |
| Tangible fixed assets22/27 | €139,169 | €130,679 | €122,561 | €129,016 | €116,546 | ▼ 9.7% |
| Land and buildings22 | €137,921 | €130,035 | €122,181 | €114,327 | €106,474 | ▼ 6.9% |
| Plant, machinery and equipment23 | €1,248 | €644 | €380 | €116 | - | - |
| Furniture and vehicles24 | - | - | - | €14,573 | €10,073 | ▼ 30.9% |
| Current assets29/58 | €51,566 | €36,530 | €42,647 | €32,418 | €32,785 | ▲ 1.1% |
| Stocks and contracts in progress3 | €2,537 | - | - | - | - | - |
| Stocks30/36 | €2,537 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €5,442 | €5,064 | €524 | €426 | €38 | ▼ 91.1% |
| Trade receivables40 | €5,099 | - | €524 | - | - | - |
| Other amounts receivable41 | €343 | €5,064 | - | €426 | €38 | ▼ 91.1% |
| Cash at bank and in hand54/58 | €37,482 | €30,619 | €41,772 | €31,864 | €32,617 | ▲ 2.4% |
| Deferred charges and accrued income490/1 | €6,105 | €846 | €351 | €128 | €130 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,735 | €167,209 | €165,209 | €161,434 | €149,332 | ▼ 7.5% |
| Equity10/15 | €97,486 | €89,648 | €89,762 | €86,990 | €73,043 | ▼ 16.0% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €60,302 | €58,560 | €52,578 | €50,836 | €49,095 | ▼ 3.4% |
| Non-distributable reserves130/1 | €3,718 | €3,718 | - | - | - | - |
| Reserves not available under the articles1311 | €3,718 | €3,718 | - | - | - | - |
| Tax-exempt reserves132 | €30,864 | €29,123 | €27,382 | €25,641 | €23,899 | ▼ 6.8% |
| Distributable reserves133 | €25,719 | €25,719 | €25,196 | €25,196 | €25,196 | = |
| Profit (loss) carried forward14 | - | -€6,096 | - | -€1,030 | -€13,236 | ▼ 1,185% |
| Provisions and deferred taxes16 | €7,716 | €7,281 | €6,845 | €6,410 | €5,975 | ▼ 6.8% |
| Deferred taxes168 | €7,716 | €7,281 | €6,845 | €6,410 | €5,975 | ▼ 6.8% |
| Amounts payable17/49 | €85,533 | €70,280 | €68,602 | €68,034 | €70,314 | ▲ 3.4% |
| Amounts payable after more than one year17 | €75,103 | €65,120 | €60,970 | €61,889 | €64,882 | ▲ 4.8% |
| Financial debts170/4 | €75,103 | €65,120 | €60,970 | €61,889 | €64,882 | ▲ 4.8% |
| Amounts payable within one year42/48 | €7,435 | €2,306 | €3,920 | €1,251 | €1,049 | ▼ 16.1% |
| Trade debts44 | €3,206 | €2,306 | €433 | €1,013 | €1,049 | ▲ 3.5% |
| Suppliers440/4 | €3,206 | €2,306 | €433 | €1,013 | €1,049 | ▲ 3.5% |
| Taxes, remuneration and social security45 | €2,951 | - | €2,209 | €237 | - | - |
| Taxes450/3 | €827 | - | €2,209 | €237 | - | - |
| Remuneration and social security454/9 | €2,124 | - | - | - | - | - |
| Other amounts payable47/48 | €1,278 | - | €1,278 | - | - | - |
| Accrued charges and deferred income492/3 | €2,995 | €2,854 | €3,712 | €4,894 | €4,382 | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,779 | -€7,838 | €1,392 | -€2,771 | -€13,947 | ▼ 403% |
| + Depreciation and write-downs630 | €19,052 | €8,150 | €8,118 | €11,545 | €12,470 | ▲ 8.0% |
| Operating cash flow (approximation) | €7,272 | €312 | €9,509 | €8,774 | -€1,477 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €340 | €0 | -€18,000 | €0 | ▲ 100% |
| Change in cash | - | -€6,862 | €11,152 | -€9,908 | €753 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€13,947
Net result drops to -€13,947, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 25.92
Current ratio from 10.88 to 25.92; short-term debt falls from €3,920 to €1,251.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €1,392
Net result €1,392 after 3 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 15.84
Current ratio from 6.94 to 15.84; short-term debt falls from €7,435 to €2,306.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 6.94
Current ratio from 2.77 to 6.94; short-term debt falls from €22,137 to €7,435.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 2.77
Current ratio from 0.55 to 2.77; short-term debt falls from €88,020 to €22,137.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €11,219 ▲194%
Operating result €18,510, net result €11,219, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ichtegem · 1 establishment unit since 2002
Ground area
81 m²
Building footprint
88 m²
Volume, LiDAR
663 m³
Parcel 35003B1030/00H003, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALGUKO BVBA
since 20022.049.011.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003B1030/00H003 | Flanders | 81 m² | 1 · 88 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 7,114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441111557
Also
9925:BE0441111557
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.