ALLEGRO MODERATO

Active

Private limited companyfounded 199630 yrs activeKorenlei 7, 9000 Gent, BelgiumKBO/BCE: BE 0456.970.364

The computed 12-month bankruptcy probability of ALLEGRO MODERATO is 15.6% (high). The 2024 annual accounts show negative equity (€-132k) and a net result of €-154k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 18942 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

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Checked score

Score 2024

7 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-14

Solvency0▼-36

Growth32▼-13

Track record84

Bankruptcy probability, 12 months

15.6% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.29 against 0.94 in 2023; short-term debt: 197.1% and cash: 7.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-111.2%

Return on assets

-129.9%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-132k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

91 d late

2023

8 d early

2022

21 d early

2021

27 d early

2020

8 d early

2019

11 d early

← before the deadline after the deadline →

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

UBO non-compliance×2

Financials · fiscal year 2024, micro schema

Turnover

€742k▼ 5.8%

2022 · €788k

2018: €771k 2019: €681k 2020: €314k 2021: €479k 2022: €788k

2018 → 2023

EBIT margin

-2.0%▼ 7.9pp

2022 · 5.9%

2018: 6.3% 2019: 3.0% 2020: -10.4% 2021: 7.2% 2022: 5.9%

2018 → 2023

Net result

€-154k▼ 599%

2023 · €-22k

2018: €36k 2019: €7k 2020: €-9k 2021: €66k 2022: €32k 2023: €-22k

2018 → 2024

Working capital

€-166k▼ 1,649%

2023 · €-10k

2018: €-49k 2019: €-18k 2020: €-39k 2021: €26k 2022: €35k 2023: €-10k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€314k-€479k▲ 52.3%€788k▲ 64.5%€742k▼ 5.8%

Equity€-32k-€30k€54k▲ 80.1%€22k▼ 59.0%€-132k

Operating result€-33k-€34k€47k▲ 35.2%€-15k€-138k▼ 851%

Net result€-9k-€66k€32k▼ 51.7%€-22k€-154k▼ 599%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €138k in 2024 against €15k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €118k

43.6%

56.4%

Fixed assets €52k▼ 12.9%

Current assets €67k▼ 55.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-124k▼

2023 · €4k

Cash flow

€-139k▼

2023 · €-3k

Solvency

-111.2%▼

2023 · 10.6%

Current ratio

0.29▼

2023 · 0.94

Quick ratio

0.25▼

2023 · 0.75

Debt / equity

-1.90▼

2023 · 8.44

ROA

-129.9%▼

2023 · -10.5%

Interest coverage

-6.81▼

2023 · 0.58

Debt

€250k▲

2023 · €188k

Debt ≤ 1 year

€233k▲

2023 · €160k

Debt > 1 year

€17k▼

2023 · €27k

Staff costs

€286k▼

2023 · €309k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€210k€118k▼

Fixed assets21/28€59k€52k▼

Intangible fixed assets21€1k€771▼

Tangible fixed assets22/27€49k€41k▼

Land and buildings22€12k€12k▼

Plant, machinery and equipment23€31k€25k▼

Furniture and vehicles24€6k€5k▼

Financial fixed assets28€9k€9k=

Current assets29/58€151k€67k▼

Stocks and contracts in progress3€30k€9k▼

Stocks30/36€30k€9k▼

Amounts receivable within one year40/41€95k€50k▼

Trade receivables40€37k€12k▼

Other amounts receivable41€58k€38k▼

Current investments50/53-€1

Cash at bank and in hand54/58€24k€8k▼

Deferred charges and accrued income490/1€1k€0▼

Equity and liabilities

Total equity and liabilities10/49€210k€118k▼

Equity10/15€22k€-132k▼

Contributions10/11€62k€62k=

Reserves13€43k€43k=

Non-distributable reserves130/1€6k€6k=

Reserves not available under the articles1311€6k€6k=

Tax-exempt reserves132€4k€4k=

Distributable reserves133€33k€33k=

Profit (loss) carried forward14€-82k€-236k▼

Amounts payable17/49€188k€250k▲

Amounts payable after more than one year17€27k€17k▼

Financial debts170/4€27k€10k▼

Other amounts payable178/9-€6k

Amounts payable within one year42/48€160k€233k▲

Current portion of amounts payable after more than one year42€16k€17k▲

Financial debts43€6k€30k▲

Credit institutions430/8€6k€30k▲

Trade debts44€65k€94k▲

Suppliers440/4€65k€94k▲

Taxes, remuneration and social security45€39k€79k▲

Taxes450/3€16k€40k▲

Remuneration and social security454/9€23k€40k▲

Other amounts payable47/48€34k€13k▼

Income statement Code20232024

Turnover70€742k-

Non-recurring operating income76A-€11k

Goods, raw materials, services and sundry goods60/61€425k-

Remuneration, social security and pensions62€309k€286k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€15k▼

Other operating charges640/8€5k€11k▲

Non-recurring operating charges66A-€18k

Gross operating margin9900€318k€191k▼

Operating profit (loss)9901€-15k€-138k▼

Financial income75/76B€48€3k▲

Recurring financial income75€48€3k▲

Financial charges65/66B€7k€18k▲

Recurring financial charges65€7k€18k▲

Profit (loss) for the period before taxes9903€-22k€-154k▼

Profit (loss) for the period9904€-22k€-154k▼

Profit (loss) for the period to be appropriated9905€-22k€-154k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-82k€-236k▼

Profit (loss) brought forward from the previous period14P€-60k€-82k▼

Transfer from equity791/2€10k€0▼

Profit to be distributed694/7€10k€0▼

Return on contributions (dividend)694-€0

Directors or managers695€10k-

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 2Financial 2Filings 10

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 91 days late

12-05

KBO administration UBO non-compliance

event 05-05-2025

28-04

KBO administration UBO non-compliance

event 15-04-2025

2024

31-12

Financial Weakest financial yearnet €-154k

Net result drops to €-154k, the lowest in the series.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

10-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €66k

Net result €66k after one loss-making year.

23-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

20-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

08-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

19-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

19-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Gent · 1 establishment unit since 1996

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Korenlei 79000 Gent

Ground area

198 m²

Building footprint

209 m²

Volume, LiDAR

2,378 m³

Parcel 44815F1365/00R000, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Korenlei 7, 9000 Gent

NACE 5530105

since 19962.075.101.204

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44815F1365/00R000 ProtectedCultural-historical landscape · Monument · Townscape or village viewGildehuis der Onvrije Schippers: voorgevelSource ↗	Flanders	198 m²	1 · 208 m²	17.3 m · 4 fl.