Allor Project
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 54% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,808 | €584 | €2,197 |
| Depreciation and write-downs of the year | €251 | €1,391 | €1,428 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €251 | €1,391 | €1,428 | ▲ 2.7% |
| Other operating charges640/8 | €384 | €618 | €943 | ▲ 52.6% |
| Gross operating margin9900 | €32,679 | €36,051 | €54,755 | ▲ 51.9% |
| Operating profit (loss)9901 | €32,044 | €34,043 | €52,383 | ▲ 53.9% |
| Financial income75/76B | €176 | €1,282 | €2,484 | ▲ 93.8% |
| Recurring financial income75 | €176 | €1,282 | €2,484 | ▲ 93.8% |
| Financial charges65/66B | €1,531 | €144 | €18,263 | ▲ 126× |
| Recurring financial charges65 | €1,531 | €144 | €18,263 | ▲ 126× |
| Profit (loss) for the period before taxes9903 | €30,689 | €35,180 | €36,605 | ▲ 4.0% |
| Income taxes67/77 | €6,787 | €8,194 | €8,918 | ▲ 8.8% |
| Profit (loss) for the period9904 | €23,902 | €26,987 | €27,687 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €23,902 | €26,987 | €27,687 | ▲ 2.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,081 | €70,178 | €105,309 | ▲ 50.1% |
| Fixed assets21/28 | €2,557 | €1,750 | €2,519 | ▲ 43.9% |
| Tangible fixed assets22/27 | €2,557 | €1,750 | €2,519 | ▲ 43.9% |
| Plant, machinery and equipment23 | €2,557 | €1,328 | €502 | ▼ 62.2% |
| Furniture and vehicles24 | - | €423 | €2,018 | ▲ 377% |
| Current assets29/58 | €32,523 | €68,428 | €102,790 | ▲ 50.2% |
| Amounts receivable within one year40/41 | €23,056 | €53,313 | €90,818 | ▲ 70.3% |
| Trade receivables40 | €549 | €9,379 | €38,043 | ▲ 306% |
| Other amounts receivable41 | €22,507 | €43,934 | €52,775 | ▲ 20.1% |
| Cash at bank and in hand54/58 | €9,468 | €13,397 | €10,789 | ▼ 19.5% |
| Deferred charges and accrued income490/1 | - | €1,717 | €1,183 | ▼ 31.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,081 | €70,178 | €105,309 | ▲ 50.1% |
| Equity10/15 | €26,402 | €53,389 | €81,076 | ▲ 51.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €50,889 | €78,576 | ▲ 54.4% |
| Distributable reserves133 | - | €50,889 | €78,576 | ▲ 54.4% |
| Profit (loss) carried forward14 | €23,902 | €0 | - | - |
| Amounts payable17/49 | €8,679 | €16,789 | €24,233 | ▲ 44.3% |
| Amounts payable within one year42/48 | €8,679 | €16,789 | €24,233 | ▲ 44.3% |
| Financial debts43 | - | - | €303 | - |
| Credit institutions430/8 | - | - | €303 | - |
| Trade debts44 | €1,863 | €1,808 | €6,818 | ▲ 277% |
| Suppliers440/4 | €1,863 | €1,808 | €6,818 | ▲ 277% |
| Taxes, remuneration and social security45 | €6,815 | €14,981 | €17,112 | ▲ 14.2% |
| Taxes450/3 | €6,815 | €14,981 | €17,112 | ▲ 14.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,902 | €26,987 | €27,687 | ▲ 2.6% |
| + Depreciation and write-downs630 | €251 | €1,391 | €1,428 | ▲ 2.7% |
| Operating cash flow (approximation) | €24,153 | €28,377 | €29,115 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | -€584 | -€2,197 | ▼ 276% |
| Change in cash | - | €3,930 | -€2,608 | - |
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, 39,278 companies had the same profile as Allor Project has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Allor Project itself: 1.4% 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 39,278 companies, not a prediction for Allor Project. 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.