ALLGRO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 36 filings
Turnover
€58.9m▲ 5.6%
2024 · €55.8m
EBIT margin
2.4%▼ 0.2pp
2024 · 2.6%
Net result
€919,154▲ 34.7%
2024 · €682,331
Working capital
-€3.4m▼ 3.3%
2024 · -€3.3m
In the rankings
#1 company by total assets in Sint-Lievens-Houtem, Wholesale and retail trade sector#1 company by equity in Sint-Lievens-Houtem, Wholesale and retail trade sector#2 employer in Sint-Lievens-Houtem
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€58.9m
▲ 5.6%
2025
20182025
Operating result
€1.4m
▼ 1.9%
2025
20182025
Net result
€919,154
▲ 34.7%
2025
highest quarter of the sector
20182025
EBIT margin
2.4%
▼ 0.2pp
2025
20182025
Equity
€6.7m
▲ 4.7%
2025
highest quarter of the sector
20182025
Total assets
€22.3m
▼ 2.1%
2025
highest quarter of the sector
20182025
Debt
€15.4m
▼ 4.9%
2025
20182025
Working capital
-€3.4m
▼ 3.3%
2025
lowest quarter of the sector
20182025
Solvency
30.2%
▲ 2.0pp
2025
middle half of the sector
20182025
Current ratio
0.65
▼ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.1%
▲ 1.1pp
2025
middle half of the sector
20182025
Staff (FTE)
111.5
▲ 0.1%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€34.6m-€36.5m▲ 5.8%€29.6m▼ 19.0%€33.7m▲ 13.7%€45.4m▲ 34.9%€53.6m▲ 17.9%€55.8m▲ 4.1%€58.9m▲ 5.6%
Operating result€0.4m-€0.7m▲ 99.0%€0.3m▼ 60.3%€0.6m▲ 91.4%€0.7m▲ 17.0%€1.1m▲ 71.5%€1.4m▲ 29.7%€1.4m▼ 1.9%
Net result€0.08m-€0.4m▲ 468%€0.06mwithin the sector's middle half▼ 87.0%€0.2mwithin the sector's middle half▲ 251%€0.4mwithin the sector's middle half▲ 81.2%€0.5mwithin the sector's middle half▲ 42.9%€0.7mabove the sector's middle half▲ 29.2%€0.9mabove the sector's middle half▲ 34.7%
EBIT margin1.1%-2.0%▲ 0.9pp1.0%▼ 1.0pp1.6%▲ 0.7pp1.4%▼ 0.2pp2.1%▲ 0.7pp2.6%▲ 0.5pp2.4%▼ 0.2pp
Equity€4.1m-€5.0m▲ 22.6%€5.0mabove the sector's middle half▼ 0.4%€5.1mabove the sector's middle half▲ 2.6%€5.4mabove the sector's middle half▲ 5.9%€5.9mabove the sector's middle half▲ 9.9%€6.4mabove the sector's middle half▲ 8.4%€6.7mabove the sector's middle half▲ 4.7%
Total assets€18.2m-€17.0m▼ 6.3%€15.6mabove the sector's middle half▼ 8.5%€15.9mabove the sector's middle half▲ 1.9%€19.7mabove the sector's middle half▲ 24.4%€21.7mabove the sector's middle half▲ 9.8%€22.7mabove the sector's middle half▲ 4.8%€22.3mabove the sector's middle half▼ 2.1%
Debt€14.1m-€11.9m▼ 15.1%€10.5m▼ 11.8%€10.7m▲ 1.7%€14.3m▲ 33.6%€15.7m▲ 9.9%€16.2m▲ 3.6%€15.4m▼ 4.9%
Working capital-€3.2m--€1.7m▲ 47.4%-€1.6mbelow the sector's middle half▲ 6.0%-€1.3mbelow the sector's middle half▲ 15.5%-€2.2mbelow the sector's middle half▼ 62.0%-€2.9mbelow the sector's middle half▼ 30.8%-€3.3mbelow the sector's middle half▼ 16.0%-€3.4mbelow the sector's middle half▼ 3.3%
Solvency22.4%-29.3%▲ 6.9pp31.9%within the sector's middle half▲ 2.6pp32.1%within the sector's middle half▲ 0.2pp27.3%within the sector's middle half▼ 4.8pp27.3%within the sector's middle half=28.3%within the sector's middle half▲ 0.9pp30.2%within the sector's middle half▲ 2.0pp
Current ratio0.59-0.72▲ 0.130.69below the sector's middle half▼ 0.030.75below the sector's middle half▲ 0.070.72below the sector's middle half▼ 0.030.68below the sector's middle half▼ 0.040.65below the sector's middle half▼ 0.030.65below the sector's middle half▼ 0.01
Return on assets (ROA)0.4%-2.6%▲ 2.2pp0.4%within the sector's middle half▼ 2.3pp1.3%within the sector's middle half▲ 0.9pp1.9%within the sector's middle half▲ 0.6pp2.4%within the sector's middle half▲ 0.6pp3.0%within the sector's middle half▲ 0.6pp4.1%within the sector's middle half▲ 1.1pp
Staff (FTE)98.3-102.3▲ 4.1%101.6above the sector's middle half▼ 0.7%97.3above the sector's middle half▼ 4.2%103.4above the sector's middle half▲ 6.3%109.6above the sector's middle half▲ 6.0%111.4above the sector's middle half▲ 1.6%111.5above the sector's middle half▲ 0.1%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 2% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.3m
Fixed assets
€16.0m ▼ 3.0%
Current assets
€6.3m ▲ 0.5%
Equity and liabilities €22.3m
Equity
€6.7m ▲ 4.7%
Provisions
€74,739 ▲ 59.4%
Debt
€15.4m ▼ 4.9%
Debt's share of the balance-sheet total falls from 71.5% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.2m▲
2024 · €3.9m
Cash flow
€3.7m▲
2024 · €3.2m
Quick ratio
0.60▼
2024 · 0.61
Debt to equity
2.30▼
2024 · 2.53
ROE
13.7%▲
2024 · 10.6%
Interest coverage
10.47▲
2024 · 7.35
Debt ≤ 1 year
€9.7m▲
2024 · €9.5m
Debt > 1 year
€5.8m▼
2024 · €6.7m
Income taxes
€330,789▲
2024 · €293,403
Customer credit
29 days▼
2024 · 32 days
Supplier credit
56 days▼
2024 · 62 days
Staff costs
€6.8m▲
2024 · €6.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 105 | 114 | 114 | 115 | 120 |
| full-time | 85 | 96 | 97 | 98 | 97 |
| part-time | 20 | 18 | 17 | 17 | 23 |
| in full-time equivalents | 99.9 | 109.5 | 109.9 | 111.4 | 115.2 |
| Average over the year, in full-time equivalents | 97.3 | 103.4 | 109.6 | 109.1 | 111.5 |
| On a permanent contract | 101 | 106 | 111 | 112 | 110 |
| Joined | 12 | 25 | 14 | 14 | 18 |
| Left | 8 | 16 | 14 | 12 | 12 |
| Agency workers, average number | 16.4 | 30 | 19.6 | 23 | 29.8 |
| Training hours | - | - | 443 | 443 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €5.3m | €6.7m | €8.7m | €8.9m | €7.9m |
| Debts guaranteed by Belgian public bodies | €767,222 | - | - | - | - |
| Mortgages, amount registered | €931,263 | €844,500 | €844,500 | €844,500 | €844,500 |
| Mortgage mandates | €10.3m | €10.3m | €10.3m | €10.3m | €10.3m |
| Carrying value of the mortgaged assets | €6.9m | €9.0m | €10.5m | €10.0m | €9.7m |
| Pledge on the business | €350,000 | €350,000 | €350,000 | €385,000 | €385,000 |
| Mandates to pledge the business | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.0m | €4.6m | €4.1m | €3.6m | €2.3m |
| Intangible fixed assets | €11,992 | - | - | - | - |
| Financial fixed assets | - | €0 | €0 | - | - |
| Depreciation and write-downs of the year | €2.1m | €2.2m | €2.2m | €2.5m | €2.8m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €9,025 | €9,955 | €10,000 | €10,455 | €10,670 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 13 entries · €253,756 awarded · €250,039 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €164,110 | €160,511 |
| 2024 | 1 | €197 | €243 |
| 2023 | 4 | €15,612 | €76,435 |
| 2022 | 4 | €73,837 | €12,850 |
Schemes
European Union, budget
2025 · 1 entry · €74,269 in totalProjects
SUPPLY FOOD AND DRINKS
Public contracts
32 awards · 2023 to 2026
Groenten, fruit en salades: Perceel 2 Groenten (gewassen en versneden)
Groenten, fruit en salades: Perceel 3 Verse salades - bulk
Lieferung von Lebensmitteln für Kantinen und Restaurants
Raamovereenkomst voor de levering van verse groenten, aardappelen en fruit voor een periode van maximum 4 jaar: Verse groenten
Raamovereenkomst voor de levering van verse groenten, aardappelen en fruit voor een periode van maximum 4 jaar: Vers fruit
Show 27 more contracts
Raamovereenkomst voor de levering van de algemene voeding (18 percelen) 2027 - 2030: Vers gesneden groenten en fruit
Marché public de fourniture de fruits et légumes à destination des établissements scolaires de la Province du Brabant wallon: 2025/IA.57655/DA2/BR - 1
Pommes de terre - Légumes - Fruits: CF11-25 - 2 - 1
Pommes de terre - Légumes - Fruits: CF11-25 - 2 - 2
Pommes de terre - Légumes - Fruits: CF11-25 - 2 - 3
Pommes de terre - Légumes - Fruits: CF11-25 - 2 - 4
Pommes de terre - Légumes - Fruits: CF11-25 - 2 - 5
Raamovereenkomst voor het leveren van koelverse en dagverse groenten en fruit
Lieferung von Lebensmitteln für Kantinen und Restaurants
Raamovereenkomst leveringen van groenten en fruit
Raamovereenkomst voor groenten en fruit: Groenten en fruit
Raamovereenkomst voor de levering van groenten en fruit
Livraison de produits alimentaires pour la Maison de Repos et de Soins et les repas à domicile 2025-2028: Fourniture de fruits et légumes frais
Pommes de terre, légumes et fruits: CF09-24 - 8
Lieferung von Lebensmitteln für Kantinen und Restaurants
Lieferung von Lebensmitteln für Kantinen und Restaurants
Lieferung von Lebensmitteln für Kantinen und Restaurants
Lieferung von Lebensmitteln für Kantinen und Restaurants
Lieferung von Lebensmitteln für Kantinen und Restaurants
Denrées alimentaires 2025-2028: LOT 19 : LEGUMES 4EME GAMME
Verse groenten en fruit 2024
Aankoop en levering van aardappelen, groenten en fruit
Leveren van koelverse aardappelproducten, groenten, kruiden en fruit.: 2024/HFB/OP/121582 - 1
Raamcontract groenten en fruit 2024-2028
Groenten en fruit: Vers gesneden groenten en kruiden
Groenten & fruit - West-Vlaanderen: 2023-338-GFW - 1
LEVERING VAN VERSE GROENTEN EN FRUIT
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €34.2m | €45.8m | €54.1m | €56.1m | €59.4m | ▲ 5.8% |
| Turnover70 | €34.6m | €36.5m | €29.6m | €33.7m | €45.4m | €53.6m | €55.8m | €58.9m | ▲ 5.6% |
| Other operating income74 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 8.6% |
| Non-recurring operating income76A | - | - | - | €0.2m | €0 | €0.06m | €0 | €0.1m | - |
| Operating charges60/66A | - | - | - | €33.6m | €45.2m | €52.9m | €54.7m | €58.0m | ▲ 6.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €18.2m | €24.2m | €28.4m | €29.2m | €30.0m | ▲ 2.5% |
| Purchases600/8 | - | - | - | €18.2m | €24.4m | €28.2m | €29.3m | €30.0m | ▲ 2.4% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.02m | -€0.2m | €0.2m | -€0.05m | -€0.03m | ▲ 44.7% |
| Services and other goods61 | - | - | - | €8.3m | €13.1m | €15.6m | €16.1m | €18.3m | ▲ 13.5% |
| Remuneration, social security and pensions62 | - | - | - | €4.9m | €5.6m | €6.3m | €6.7m | €6.8m | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.8m | €2.2m | €2.2m | €2.1m | €2.2m | €2.2m | €2.5m | €2.8m | ▲ 11.8% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 2.3% |
| Non-recurring operating charges66A | - | - | - | €0.06m | €0 | €0.4m | €0.02m | €0.02m | ▲ 7.9% |
| Operating profit (loss)9901 | €0.4m | €0.7m | €0.3m | €0.6m | €0.7m | €1.1m | €1.4m | €1.4m | ▼ 1.9% |
| Financial income75/76B | - | - | - | €0.1m | €0.1m | €0.08m | €0.06m | €0.2m | ▲ 258% |
| Recurring financial income75 | €0.05m | €0.1m | €0.09m | €0.1m | €0.1m | €0.08m | €0.06m | €0.2m | ▲ 258% |
| Income from financial fixed assets750 | - | - | - | €0.003m | - | - | €0.008m | €0.009m | ▲ 3.9% |
| Income from current assets751 | - | - | - | - | - | €0.001m | - | - | - |
| Other financial income752/9 | - | - | - | €0.09m | €0.1m | €0.08m | €0.05m | €0.2m | ▲ 303% |
| Financial charges65/66B | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 23.8% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 23.8% |
| Debt charges650 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.5m | €0.4m | ▼ 25.1% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.01m | €0.04m | €0.01m | €0.01m | ▲ 43.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.7m | €0.2m | €0.5m | €0.5m | €0.7m | €1.0m | €1.2m | ▲ 25.7% |
| Transfer from deferred taxes780 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.06m | ▲ 305% |
| Transfer to deferred taxes680 | - | - | - | - | - | €0.01m | €0 | €0.02m | - |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 12.7% |
| Taxes670/3 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 8.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €179 | €0 | - | €0.03m | €0.02m | ▼ 38.5% |
| Profit (loss) for the period9904 | €0.08m | €0.4m | €0.06m | €0.2m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 34.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.7m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 4.9% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.04m | €0 | €0.06m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.5m | €0.08m | €0.9m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 24.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €18.2m | €17.0m | €15.6m | €15.9m | €19.7m | €21.7m | €22.7m | €22.3m | ▼ 2.1% |
| Fixed assets21/28 | €13.6m | €12.8m | €12.1m | €11.7m | €14.1m | €15.6m | €16.5m | €16.0m | ▼ 3.0% |
| Intangible fixed assets21 | €0.4m | €0.3m | €0.1m | €0.02m | €0.01m | €0.007m | €0.003m | €460 | ▼ 84.7% |
| Tangible fixed assets22/27 | €12.0m | €11.1m | €10.4m | €10.3m | €12.6m | €14.2m | €15.0m | €14.5m | ▼ 3.3% |
| Land and buildings22 | - | - | - | €6.9m | €9.0m | €10.3m | €10.0m | €9.7m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €2.0m | €2.0m | €1.7m | €1.6m | €1.9m | ▲ 19.5% |
| Furniture and vehicles24 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 20.3% |
| Leasing and similar rights25 | - | - | - | €1.1m | €1.3m | €1.9m | €3.2m | €2.6m | ▼ 17.7% |
| Other tangible fixed assets26 | - | - | - | €0.008m | €0.002m | €0 | - | €0.02m | - |
| Financial fixed assets28 | €1.2m | €1.4m | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Affiliated companies280/1 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Participating interests280 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Other financial fixed assets284/8 | - | - | - | €0.04m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 1.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.04m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 1.2% |
| Current assets29/58 | €4.6m | €4.2m | €3.5m | €4.1m | €5.6m | €6.1m | €6.2m | €6.3m | ▲ 0.5% |
| Stocks and contracts in progress3 | €0.4m | €0.3m | €0.3m | €0.4m | €0.6m | €0.4m | €0.4m | €0.5m | ▲ 6.8% |
| Stocks30/36 | - | - | - | €0.4m | €0.6m | €0.4m | €0.4m | €0.5m | ▲ 6.8% |
| Goods purchased for resale34 | - | - | - | €0.4m | €0.6m | €0.4m | €0.4m | €0.5m | ▲ 6.8% |
| Amounts receivable within one year40/41 | €3.4m | €3.5m | €2.7m | €3.2m | €4.6m | €5.2m | €5.2m | €5.1m | ▼ 1.2% |
| Trade receivables40 | - | - | - | €3.0m | €4.1m | €4.8m | €4.8m | €4.7m | ▼ 2.7% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 21.6% |
| Cash at bank and in hand54/58 | €0.8m | €0.4m | €0.5m | €0.5m | €0.5m | €0.4m | €0.6m | €0.5m | ▼ 4.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.02m | €0.05m | €0.05m | €0.1m | ▲ 169% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €18.2m | €17.0m | €15.6m | €15.9m | €19.7m | €21.7m | €22.7m | €22.3m | ▼ 2.1% |
| Equity10/15 | €4.1m | €5.0m | €5.0m | €5.1m | €5.4m | €5.9m | €6.4m | €6.7m | ▲ 4.7% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €3.3m | €3.3m | €4.3m | €4.5m | €4.9m | €5.4m | €6.0m | €6.3m | ▲ 4.5% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.09m | €0.07m | €0.09m | €0.06m | €0.1m | ▲ 58.0% |
| Distributable reserves133 | - | - | - | €4.4m | €4.8m | €5.3m | €5.9m | €6.2m | ▲ 3.9% |
| Profit (loss) carried forward14 | €0.5m | €1.0m | €0.09m | €0.09m | €0.08m | €0.08m | €0 | - | - |
| Investment grants15 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 15.1% |
| Provisions and deferred taxes16 | €0.05m | €0.1m | €0.09m | €0.08m | €0.06m | €0.06m | €0.05m | €0.07m | ▲ 59.4% |
| Deferred taxes168 | - | - | - | €0.08m | €0.06m | €0.06m | €0.05m | €0.07m | ▲ 59.4% |
| Amounts payable17/49 | €14.1m | €11.9m | €10.5m | €10.7m | €14.3m | €15.7m | €16.2m | €15.4m | ▼ 4.9% |
| Amounts payable after more than one year17 | €6.2m | €6.0m | €5.4m | €5.2m | €6.5m | €6.8m | €6.7m | €5.8m | ▼ 14.0% |
| Financial debts170/4 | - | - | - | €5.2m | €6.5m | €6.8m | €6.7m | €5.8m | ▼ 14.0% |
| Leasing and similar obligations172 | - | - | - | €1.0m | €1.1m | €1.4m | €2.2m | €1.7m | ▼ 22.2% |
| Credit institutions173 | - | - | - | €4.2m | €5.4m | €5.4m | €4.5m | €4.1m | ▼ 10.0% |
| Amounts payable within one year42/48 | €7.8m | €5.9m | €5.1m | €5.5m | €7.8m | €8.9m | €9.5m | €9.7m | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.4m | €1.5m | €1.7m | €1.9m | €1.8m | ▼ 2.8% |
| Financial debts43 | - | - | - | €0.5m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.7% |
| Credit institutions430/8 | - | - | - | €0.5m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.7% |
| Trade debts44 | €4.6m | €3.2m | €2.3m | €2.7m | €4.4m | €4.8m | €4.9m | €4.6m | ▼ 6.9% |
| Suppliers440/4 | - | - | - | €2.7m | €4.4m | €4.8m | €4.9m | €4.6m | ▼ 6.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.8m | €0.8m | €0.7m | €0.6m | €0.8m | ▲ 26.5% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.1m | €0.07m | €0.06m | ▼ 13.1% |
| Remuneration and social security454/9 | - | - | - | €0.7m | €0.6m | €0.5m | €0.6m | €0.7m | ▲ 31.4% |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.7m | €1.5m | €1.8m | €2.2m | ▲ 20.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.01m | €0.001m | €0.001m | ▼ 29.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.08m | €0.4m | €0.06m | €0.2m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 34.7% |
| + Depreciation and write-downs630 | €1.8m | €2.2m | €2.2m | €2.1m | €2.2m | €2.2m | €2.5m | €2.8m | ▲ 11.8% |
| Operating cash flow (approximation) | €1.9m | €2.6m | €2.3m | €2.3m | €2.6m | €2.7m | €3.2m | €3.7m | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€1.5m | -€1.8m | -€4.6m | -€3.7m | -€3.3m | -€2.3m | ▲ 32.2% |
| Change in cash | - | -€0.4m | €0.03m | €0.09m | -€0.06m | -€0.1m | €0.2m | -€0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,887 companies had the same profile as ALLGRO has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of ALLGRO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for ALLGRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00286758 | |
| 31-12-2024 | full format | 18-07-2025 | 2025-00311959 | |
| 31-12-2023 | full format | 24-07-2024 | 2024-00281743 | |
| 31-12-2022 | full format | 10-07-2023 | 2023-00225070 | |
| 31-12-2021 | full format | 16-09-2022 | 2022-20432071 | |
| 31-12-2020 | full format | 20-08-2021 | 2021-50800266 | |
| 31-12-2019 | full format | 12-08-2020 | 2020-41200030 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-61500383 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-55900119 | |
| 31-12-2016 | full format | 17-07-2017 | 2017-33500017 |