Result
-€1.4m -€1.4m
From profit to loss in 2025, after a profit of €1.4m in 2024.
ALM GROUP
Lifetime
18 annual accounts with figures on one time axispeak €796,061 (2019)
-€74,171▼ €265,504
lowest -€1.4m (2025)
-€1.4m▼ €2.8m
peak €5.9m (2025)
€5.9m▲ 122%
€4.1m▼ 54.9%
peak 2.9 FTE (2021)
1.2 FTE▲ 20.0%
Board2 names since 2010
1 directorLeën Arnoud
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from €191,333 to -€74,171Loss of €1.4mStaff from 1 FTE to 1.2 FTEMerger: ALM GROUP takes over PALLET GROUP 26-08Merger proposal: ALM Group BV takes over Pallet Group BV 02-05Equity from €2.7m to €5.9m
Key points
from the 2025 annual accountsInvestments
€639,316 3.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 356.3% higher than in 2024.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Liquidity
2.57 was 1.35 in 2024
Short-term debts fell from €5.7m to €2.1m.
Restructuring
2025
Merger with Pallet Group BV. Merger on 17-04-2025.
Position in the sector
-€1.4m
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Turnover not published (abbreviated format)Equity +122%: merger
Checked score
56
Fair
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.2 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.6 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.4 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €1.4m (financial year 2025)
Liquidity: current ratio 2.57, cash €43,971, halved
lowers risk
Size: 1.2 FTE, total assets €10.0m
Equity €5.9m (58.9% of total assets)
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 68, micro). It does better than 71% of them on solvency, 37% on liquidity, 9% on profitability and 93% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as ALM GROUP has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALM GROUP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for ALM GROUP. 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.
Credit verdict
Credit of up to €330,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.57 (1.35 in 2024), above the usual 1.5. Short-term debt is 21.4% and cash 0.4% of total assets. 41.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
21 days early
2023
on the day
2022
on the day
2021
30 days late
2020
19 days early
2019
16 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 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
LA
Leën Arnoud
Director
- Arnoud Leën all the sharesdeed of 02-05-2025
Shares in 2 companies, AREPAL and VERKAVELING ASPER
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0892749891
Environmental permit granted
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Dendermonde
Environmental permit granted
Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Mol
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Mol
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALM GROUP Mol | €10.0m | -€74,171 | 58.9% | 1.2 |
| FEMAJA Waasmunster | €9.1m | €934 | 68.1% | 0.6 |
| LA NORDEUROPEENNE IMMOBILIERE Tournai | €12.3m | -€28,981 | 93.1% | 0.6 |
| ALIMTRA Knokke-Heist | €8.1m | -€205,814 | 14.8% | 0.5 |
| T & K INVEST Liège | €4.4m | -€109,720 | -11.8% | 1 |
| IMMO-SPHERE Enghien | €4.0m | -€331,231 | -26.3% | 1 |
| N3X INVESTMENTS Schilde | €18.0m | -€267,292 | 61.8% | 0.5 |
These companies have the same main activity as ALM GROUP: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €4m and €18m, founded between 1993 and 2010.
Official details
Source: KBO- Status
- Active since 12-10-2007Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.165.939.5262400 Mol, since 12-10-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €10.0m▼ 14.7%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on ALM GROUP
ALM GROUP files the abbreviated format. That format states no turnover. The gross margin fell from €16,217 in 2008 to -€74,171 in 2025.
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 ALM GROUP
- What is the company number of ALM GROUP?
- The company number of ALM GROUP is 0892.749.891. The VAT number is the same number with BE in front: BE 0892.749.891.
- Where is ALM GROUP based?
- The registered office is at Toemaathoek 117, 2400 Mol.Company details
- What does ALM GROUP do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of ALM GROUP?
- ALM GROUP is a private limited company (BV).
- When was ALM GROUP founded?
- ALM GROUP was founded on 12-10-2007.
- Is ALM GROUP still active?
- Yes, ALM GROUP is an active enterprise in the KBO register.
- How many employees does ALM GROUP have?
- ALM GROUP had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ALM GROUP fall under?
- In its 2022 annual accounts, ALM GROUP states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ALM GROUP?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is ALM GROUP profitable?
- In financial year 2025, ALM GROUP made a loss of €1.4m.
- Where can I find the annual accounts of ALM GROUP?
- ALM GROUP filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALM GROUP due?
- ALM GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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