Equity
-€4,587
Debts exceed assets in financial year 2025.
ALRO CONSTRUCT
Lifetime
5 annual accounts with figures on one time axispeak €129,638 (2025)
€129,638▲ 12.3%
lowest -€20,104 (2025)
-€20,104▼ €41,737
peak €15,688 (2021)
-€4,587▼ €20,104
€116,814▲ 200%
Board5 names since 2020
1 directorGerkens EMMA
Documentsfilings and deeds
02-11-202694 days late
2025abbreviated format
Gross margin from €115,432 to €129,638Loss of €20,104Equity from €15,517 to -€4,587Debts from €38,963 to €116,814Investments €2,761Cash from €22,080 to €6,372
Key points
from the 2025 annual accountsDebts
€116,814 104% of the balance sheet
Suppliers 28%Taxes and wages 65%Other 7%
Investments
€3,000 5.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 249.1% higher than in 2024.
Filings
5 annual accounts 94 days
Latest accounts filed late: after the legal deadline.
At the same address
682 companies
Position in the sector
-€20,104
Lower net result than 83% of companies in food and beverage service. Sector median €10,278 · 4,838 companies.
Checked score
31
Weak
Financially stronger than 11% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
8.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.2%
01-2025: 7.2%● unchanged vs 12-2024
02-2025: 7.2%● unchanged vs 01-2025
03-2025: 7.5%▲ +0.3 percentage points vs 02-2025
04-2025: 8.4%▲ +0.9 percentage points vs 03-2025
05-2025: 8.8%▲ +0.4 percentage points vs 04-2025
06-2025: 8.9%▲ +0.1 percentage points vs 05-2025
07-2025: 8.6%▼ -0.3 percentage points vs 06-2025
08-2025: 9.4%▲ +0.8 percentage points vs 07-2025
09-2025: 9.6%▲ +0.2 percentage points vs 08-2025
10-2025: 12.0%▲ +2.4 percentage points vs 09-2025
11-2025: 12.0%● unchanged vs 10-2025
12-2025: 13.5%▲ +1.5 percentage points vs 11-2025
01-2026: 15.8%▲ +2.3 percentage points vs 12-2025
02-2026: 15.8%● unchanged vs 01-2026
03-2026: 15.9%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 14.8%▼ -1.1 percentage points vs 03-2026
05-2026: 9.0%▼ -5.8 percentage points vs 04-2026
06-2026: 8.6%▼ -0.4 percentage points vs 05-2026
07-2026: 8.5%▼ -0.1 percentage points vs 06-2026
08-2026: 7.2%▼ -1.3 percentage points vs 07-2026lowest value
09-2026: 7.7%▲ +0.5 percentage points vs 08-2026
10-2026: 8.5%▲ +0.8 percentage points vs 09-2026
11-2026: 8.3%▼ -0.2 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 94 days late; 3 of the last 3 accounts late
Founded in 2020
Loss of €20,104 (financial year 2025)
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 56, micro). It does better than 24% of them on solvency, 8% on liquidity, 8% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 6,008 companies had the same profile as ALRO CONSTRUCT has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALRO CONSTRUCT itself: 8.3% 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 6,008 companies, not a prediction for ALRO CONSTRUCT. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.92 (1.55 in 2024), below 1. Short-term debt is 104.1% and cash 5.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€4,587
raises risk · 2025 accounts filed 94 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-11-2026, 94 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
94 days late
2024
239 days late
2023
61 days late
2022
81 days late
2021
107 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 116 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 2 November (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0759694397
Registered office moved from Zaventem Imperiastraat to Zaventem Leuvensesteenweg
Transfer of shares from ROMAN ARDIAN to Gerkens EMMA · New registered office: 246/bus1, 1932 Zaventem Leuvensesteenweg · Previous registered office: 8, 1930 ZAVENTEM IMPERIASTRAAT · General meeting of 01-07-2024 · Gazette deed
Transfer of 15 shares from MANEA Stefan Daniel to ROMAN ARDIAN
Resignation: MANEA Stefan Daniel (director) · General meeting of 31-12-2022 · Gazette deed
Resignation: ENEA lonica (director)
Transfer of 15 shares from ENEA lonica to MANEA Stefan Daniel · Transfer of 15 shares from ENEA lonica to ROMAN ARDIAN · Appointment: ROMAN ARDIAN (director) · General meeting of 31-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALRO CONSTRUCT Zaventem | €112,227 | €129,638 | -4.1% | - |
| PALM Sint-Genesius-Rode | €116,268 | €110,981 | -51.0% | - |
| GURKA Aarschot | €116,301 | €147,759 | 36.5% | - |
| RAMA Geraardsbergen | €114,630 | €127,606 | 67.8% | - |
| Dos Amigos Roeselare | €116,454 | €121,102 | 16.1% | - |
| RZ INVEST Wavre | €116,722 | €116,257 | 73.0% | - |
| LIEON Hasselt | €118,548 | €142,637 | 48.5% | - |
These companies have the same main activity as ALRO CONSTRUCT: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €115,000 and €119,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 11-12-2020Normal situation
- Registered office
- 684 active companies are registered at this address137 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.322.924.9204000 Liège, since 11-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- ≈ €390,000estimated
- €112,227▲ 106%
- ≈ 3.6 FTEestimated
- Filing
- Filed on 02-11-2026
Insights on ALRO CONSTRUCT
ALRO CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €8,112 in 2021 to €129,638 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 ALRO CONSTRUCT
- What is the company number of ALRO CONSTRUCT?
- The company number of ALRO CONSTRUCT is 0759.694.397. The VAT number is the same number with BE in front: BE 0759.694.397.
- Where is ALRO CONSTRUCT based?
- The registered office is at Leuvensesteenweg 246, 1932 Zaventem.Company details
- What does ALRO CONSTRUCT do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of ALRO CONSTRUCT?
- ALRO CONSTRUCT is a private limited company (BV).
- When was ALRO CONSTRUCT founded?
- ALRO CONSTRUCT was founded on 11-12-2020.
- Is ALRO CONSTRUCT still active?
- Yes, ALRO CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of ALRO CONSTRUCT?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €129,638 and 31 comparable companies (NACE 56111). It probably lies between €330,000 and €430,000. In financial year 2023 turnover was €195,482.Financials
- Is ALRO CONSTRUCT profitable?
- In financial year 2025, ALRO CONSTRUCT made a loss of €20,104.
- Where can I find the annual accounts of ALRO CONSTRUCT?
- ALRO CONSTRUCT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ALRO CONSTRUCT due?
- ALRO CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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