ALRO
ActiveThe file of ALRO contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€718,990) and a net result of -€1.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 680 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+31
Solvency24▼-2
Growth30▼-2
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 0.8 in 2024; short-term debt: 41.1% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€718,990
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
6 d early
2022
39 d early
2021
46 d early
2020
58 d early
2019
66 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 38 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#1 employer in Dilsen-Stokkem#4 company by total assets in Dilsen-Stokkem, Manufacturing sector
Turnover
€75.7m▼ 10.8%
2024 · €84.9m
EBIT margin
-0.3%▲ 6.6pp
2024 · -6.9%
Net result
-€1.3m▲ 94.1%
2024 · -€22.6m
Working capital
€4.8m
2024 · -€6.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€104.1m▲ 47.6%€117.4m▲ 12.8%€129.2m▲ 10.0%€84.9m▼ 34.3%€75.7m▼ 10.8%
Operating result€4.4m▲ 105%€5.1m▲ 16.3%€13.4m▲ 162%-€5.8m-€200,131▲ 96.6%
Net result€2.7m▲ 140%€3.2m▲ 17.3%€8.8m▲ 177%-€22.6m-€1.3m▲ 94.1%
EBIT margin4.2%▲ 1.2pp4.3%▲ 0.1pp10.3%▲ 6.0pp-6.9%▼ 17.2pp-0.3%▲ 6.6pp
Equity€13.1m▲ 24.4%€15.7m▲ 20.1%€23.3m▲ 47.9%€619,965▼ 97.3%-€718,990
Total assets€75.2m▲ 11.4%€76.6m▲ 1.8%€75.0m▼ 2.1%€50.2m▼ 33.1%€48.1m▼ 4.2%
Debt€62.1m▲ 9.0%€60.9m▼ 2.0%€51.7m▼ 15.0%€49.5m▼ 4.2%€48.8m▼ 1.5%
Working capital€185,407▼ 93.8%-€858,149€2.0m-€6.2m€4.8m
Staff (FTE)537.2▲ 13.7%614.3▲ 14.4%614.8▲ 0.1%543.8▼ 11.5%509.1▼ 6.4%
Why a figure moved sharply
- 2025 Net result +94% on 2024. Cause not known from the registers.
- 2024 Equity -97% on 2023. Cause not known from the registers.
- 2023 Net result +177% on 2022. Cause not known from the registers.
- 2021 Net result +140% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €200,131 in 2025 against €5.8m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48.1m
Fixed assets
€23.5m ▼ 9.2%
Current assets
€24.6m ▲ 1.1%
Key figures and ratios
EBITDA
€2.6m▲
2024 · -€3.8m
Cash flow
€1.5m▲
2024 · -€20.6m
Solvency
-1.5%▼
2024 · 1.2%
Current ratio
1.24▲
2024 · 0.80
Quick ratio
0.96▲
2024 · 0.59
Debt to equity
-67.85▼
2024 · 79.91
ROA
-2.8%▲
2024 · -45.1%
Interest coverage
1.94▲
2024 · -2.04
Debt ≤ 1 year
€19.8m▼
2024 · €30.5m
Debt > 1 year
€28.6m▲
2024 · €18.3m
Income taxes
€3,800▲
2024 · -€123,402
Staff costs
€26.2m▼
2024 · €29.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,192 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 91% are still going.
- 20 years or older
- negative equity
- a small loss
- without size
1.8%
went bankrupt
5.2%
stopped otherwise
91%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,192 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €107.6m | €121.5m | €133.7m | €85.8m | €84.6m | ▼ 1.4% |
| Turnover70 | €104.1m | €117.4m | €129.2m | €84.9m | €75.7m | ▼ 10.8% |
| Other operating income74 | €3.5m | €4.1m | €4.6m | €862,752 | €1.7m | ▲ 93.8% |
| Non-recurring operating income76A | - | - | - | - | €7.2m | - |
| Operating charges60/66A | €103.2m | €116.4m | €120.4m | €91.6m | €84.8m | ▼ 7.5% |
| Goods for resale, raw materials and consumables60 | €57.5m | €63.6m | €63.9m | €43.8m | €38.4m | ▼ 12.4% |
| Purchases600/8 | €60.1m | €65.4m | €62.9m | €42.4m | €37.8m | ▼ 10.8% |
| Change in stocks: decrease (increase)609 | -€2.7m | -€1.8m | €1.0m | €1.4m | €617,907 | ▼ 57.1% |
| Services and other goods61 | €15.2m | €16.8m | €18.0m | €15.9m | €15.3m | ▼ 3.6% |
| Remuneration, social security and pensions62 | €27.5m | €32.1m | €33.6m | €29.4m | €26.2m | ▼ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.8m | €3.7m | €4.6m | €2.1m | €2.8m | ▲ 36.8% |
| Other operating charges640/8 | €138,316 | €186,125 | €239,392 | €252,512 | €255,316 | ▲ 1.1% |
| Non-recurring operating charges66A | - | - | - | €135,180 | €1.7m | ▲ 1,153% |
| Operating profit (loss)9901 | €4.4m | €5.1m | €13.4m | -€5.8m | -€200,131 | ▲ 96.6% |
| Financial income75/76B | €266,148 | €293,140 | €368,691 | €380,245 | €287,611 | ▼ 24.4% |
| Recurring financial income75 | €266,148 | €293,140 | €368,691 | €380,245 | €287,611 | ▼ 24.4% |
| Income from financial fixed assets750 | - | €30,400 | - | - | - | - |
| Income from current assets751 | €65,343 | €46,810 | €63,166 | €73,521 | €61,450 | ▼ 16.4% |
| Other financial income752/9 | €200,806 | €215,930 | €305,525 | €306,724 | €226,161 | ▼ 26.3% |
| Financial charges65/66B | €966,025 | €1.2m | €2.1m | €17.3m | €1.4m | ▼ 91.8% |
| Recurring financial charges65 | €966,025 | €1.2m | €2.1m | €1.9m | €1.4m | ▼ 25.4% |
| Debt charges650 | €833,149 | €940,268 | €2.1m | €1.8m | €1.4m | ▼ 25.7% |
| Other financial charges652/9 | €132,875 | €247,175 | €29,859 | €19,239 | €18,779 | ▼ 2.4% |
| Non-recurring financial charges66B | - | - | - | €15.5m | €38,400 | ▼ 99.8% |
| Profit (loss) for the period before taxes9903 | €3.7m | €4.2m | €11.6m | -€22.8m | -€1.3m | ▲ 94.1% |
| Income taxes67/77 | €992,644 | €1.0m | €2.8m | -€123,402 | €3,800 | ▲ 103% |
| Taxes670/3 | €992,644 | €1.0m | €2.8m | - | €3,800 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €123,402 | - | - |
| Profit (loss) for the period9904 | €2.7m | €3.2m | €8.8m | -€22.6m | -€1.3m | ▲ 94.1% |
| Profit (loss) for the period to be appropriated9905 | €2.7m | €3.2m | €8.8m | -€22.6m | -€1.3m | ▲ 94.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75.2m | €76.6m | €75.0m | €50.2m | €48.1m | ▼ 4.2% |
| Fixed assets21/28 | €43.1m | €42.9m | €42.5m | €25.8m | €23.5m | ▼ 9.2% |
| Tangible fixed assets22/27 | €10.9m | €10.7m | €7.7m | €6.5m | €4.1m | ▼ 36.2% |
| Land and buildings22 | €2.3m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 14.0% |
| Plant, machinery and equipment23 | €6.0m | €7.8m | €5.2m | €4.3m | €2.4m | ▼ 44.2% |
| Furniture and vehicles24 | €422,423 | €469,198 | €360,904 | €280,844 | €174,882 | ▼ 37.7% |
| Leasing and similar rights25 | €314,034 | €235,526 | €157,017 | €78,509 | - | - |
| Other tangible fixed assets26 | €71,356 | €71,356 | €71,356 | €71,356 | €71,356 | = |
| Assets under construction and advance payments27 | €1.8m | - | - | - | - | - |
| Financial fixed assets28 | €32.2m | €32.1m | €34.8m | €19.4m | €19.3m | ▼ 0.1% |
| Affiliated companies280/1 | €32.2m | €32.1m | €34.8m | €19.4m | €19.3m | ▼ 0.2% |
| Participating interests280 | €32.2m | €32.1m | €34.8m | €19.4m | €19.3m | ▼ 0.2% |
| Other financial fixed assets284/8 | - | - | - | - | €10,002 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €10,002 | - |
| Current assets29/58 | €32.1m | €33.7m | €32.5m | €24.3m | €24.6m | ▲ 1.1% |
| Stocks and contracts in progress3 | €6.9m | €8.8m | €7.8m | €6.3m | €5.7m | ▼ 9.8% |
| Stocks30/36 | €6.9m | €8.8m | €7.8m | €6.3m | €5.7m | ▼ 9.8% |
| Raw materials and consumables30/31 | €6.9m | €8.8m | €7.8m | €6.3m | €5.7m | ▼ 9.8% |
| Amounts receivable within one year40/41 | €24.3m | €23.9m | €24.4m | €17.5m | €18.7m | ▲ 6.9% |
| Trade receivables40 | €8.2m | €8.9m | €7.9m | €6.5m | €4.5m | ▼ 30.9% |
| Other amounts receivable41 | €16.0m | €15.0m | €16.6m | €11.0m | €14.2m | ▲ 29.1% |
| Cash at bank and in hand54/58 | - | €115,395 | €72,998 | €1,239 | €838 | ▼ 32.4% |
| Deferred charges and accrued income490/1 | €947,340 | €965,935 | €189,457 | €489,931 | €174,003 | ▼ 64.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75.2m | €76.6m | €75.0m | €50.2m | €48.1m | ▼ 4.2% |
| Equity10/15 | €13.1m | €15.7m | €23.3m | €619,965 | -€718,990 | ▼ 216% |
| Contributions10/11 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Capital10 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Issued capital100 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Reserves13 | €530,493 | €530,493 | €530,493 | €530,493 | €530,493 | = |
| Non-distributable reserves130/1 | €419,400 | €419,400 | €419,400 | €419,400 | €419,400 | = |
| Legal reserve130 | €419,400 | €419,400 | €419,400 | €419,400 | €419,400 | = |
| Tax-exempt reserves132 | €10,383 | €10,383 | €10,383 | €10,383 | €10,383 | = |
| Distributable reserves133 | €100,710 | €100,710 | €100,710 | €100,710 | €100,710 | = |
| Profit (loss) carried forward14 | €8.2m | €10.9m | €18.5m | -€4.1m | -€5.4m | ▼ 32.6% |
| Investment grants15 | €211,026 | €84,410 | - | - | - | - |
| Amounts payable17/49 | €62.1m | €60.9m | €51.7m | €49.5m | €48.8m | ▼ 1.5% |
| Amounts payable after more than one year17 | €24.9m | €23.4m | €20.8m | €18.3m | €28.6m | ▲ 56.7% |
| Financial debts170/4 | €24.9m | €23.4m | €20.8m | €18.3m | €23.0m | ▲ 25.7% |
| Leasing and similar obligations172 | €110,306 | - | - | - | - | - |
| Credit institutions173 | €24.8m | €23.4m | €20.8m | €18.3m | €23.0m | ▲ 25.7% |
| Trade debts175 | - | - | - | - | €2.4m | - |
| Suppliers1750 | - | - | - | - | €2.4m | - |
| Other amounts payable178/9 | - | - | - | - | €3.3m | - |
| Amounts payable within one year42/48 | €32.0m | €34.6m | €30.4m | €30.5m | €19.8m | ▼ 35.1% |
| Current portion of amounts payable after more than one year42 | €3.0m | €2.8m | €2.6m | €3.8m | €1.6m | ▼ 57.4% |
| Financial debts43 | €2.6m | €3.3m | €3.5m | €5.2m | €4.5m | ▼ 14.0% |
| Credit institutions430/8 | €2.6m | €3.3m | €3.5m | €5.2m | €4.5m | ▼ 14.0% |
| Trade debts44 | €18.3m | €20.0m | €15.8m | €13.3m | €8.7m | ▼ 35.0% |
| Suppliers440/4 | €18.3m | €20.0m | €15.8m | €13.3m | €8.7m | ▼ 35.0% |
| Taxes, remuneration and social security45 | €8.1m | €8.1m | €7.4m | €8.1m | €4.4m | ▼ 46.1% |
| Taxes450/3 | €1.1m | €2.0m | €1.3m | €716,391 | €203,142 | ▼ 71.6% |
| Remuneration and social security454/9 | €7.0m | €6.0m | €6.1m | €7.4m | €4.2m | ▼ 43.6% |
| Other amounts payable47/48 | €5,515 | €405,732 | €1.2m | €5,734 | €632,734 | ▲ 10,934% |
| Accrued charges and deferred income492/3 | €5.2m | €2.9m | €460,099 | €772,270 | €362,277 | ▼ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.7m | €3.2m | €8.8m | -€22.6m | -€1.3m | ▲ 94.1% |
| + Depreciation and write-downs630 | €2.8m | €3.7m | €4.6m | €2.1m | €2.8m | ▲ 36.8% |
| Operating cash flow (approximation) | €5.5m | €6.9m | €13.4m | -€20.6m | €1.5m | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€3.5m | -€4.3m | €14.6m | -€477,081 | ▼ 103% |
| Change in cash | - | - | -€42,398 | -€71,759 | -€401 | ▲ 99.4% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
03-07
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 27-06-2025
2024
31-12
Financial
Weakest financial yearnet -€22.6m
Net result drops to -€22.6m, the lowest in the series; recovery starts the following year.
30-12
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 20-12-2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €8.8m ▲177%
Operating result €13.4m, net result €8.8m, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €10mEq €10.5m ▲10.5%
3 profitable years in a row build equity to €10.5m.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Dilsen-Stokkem · 2 establishment units since 1989
Ground area
13.8 ha
Building footprint
5.1 ha
Volume, LiDAR
21,935 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
ALRO NV
since 19892.012.244.016
Asitec
since 20062.151.526.811
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005C0016/00M000 | Flanders | 11.8 ha | 1 · 4.9 ha | - |
| 72005C0044/00P002 | Flanders | 2.0 ha | 1 · 2,264 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Gimv
58 companies
Group, risk and exposure
Owners and holdings
2 owners · 4 holdingsChain of control
Highest known parent: Gimv. The sources do not say who stands above it.
Owners 2
- ALRO HOLDINGSparent100%
- GimvparentSourceLEI registerconsolidated
Holdings 4
-
100%
-
100%
-
100%
-
99.99%
According to the 2025 annual accounts of ALRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 709,553 EUR awarded · 709,553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 34,495 EUR | 34,495 EUR |
| 2024 | 3 | 148,792 EUR | 148,792 EUR |
| 2023 | 2 | 316,191 EUR | 316,191 EUR |
| 2022 | 2 | 210,075 EUR | 210,075 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300HDN5N1735SZB26
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Identification & contact
Identification
Legal formPublic limited company
Founded09-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
25510Coating of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437678450
Also
9925:BE0437678450
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.