ALRO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ALRO CONSTRUCT is 4.1% (elevated). The 2024 annual accounts show equity of €16k and a net result of €22k. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 1763 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency53▲+53
Growth72▲+17
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.55 against 0.63 in 2023; short-term debt: 61.7% and cash: 40.5% of total assets), but 71.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.5%
Return on assets
39.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-03-2026, 239 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
239 d late
2023
61 d late
2022
81 d late
2021
107 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€195k▲ 212%
2022 · €63k
2021: €113k
2022: €63k▼ -44.4% vs 2021lowest in 3 years
2023: €195k▲ +212% vs 2022highest in 3 years
2021 → 2023
EBIT margin
-9.3%▼ 6.0pp
2022 · -3.3%
2021: 5.1%highest in 3 years
2022: -3.3%▼ -165% vs 2021
2023: -9.3%▼ -181% vs 2022lowest in 3 years
2021 → 2023
Net result
€22k
2023 · €-18k
2021: €6k
2022: €-4k▼ -162% vs 2021
2023: €-18k▼ -414% vs 2022lowest in 4 years
2024: €22k▲ +219% vs 2023highest in 4 years
2021 → 2024
Working capital
€18k
2023 · €-9k
2021: €12k
2022: €9k▼ -19.7% vs 2021
2023: €-9k▼ -195% vs 2022lowest in 4 years
2024: €18k▲ +306% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€113k-€63k▼ 44.4%€195k▲ 212%
2021: €113k
2022: €63k▼ -44.4% vs 2021lowest in 3 years
2023: €195k▲ +212% vs 2022highest in 3 years
Equity€16k-€12k▼ 22.6%€-6k€16k
2021: €16khighest in 4 years
2022: €12k▼ -22.6% vs 2021
2023: €-6k▼ -150% vs 2022lowest in 4 years
2024: €16k▲ +354% vs 2023
Operating result€6k-€-2k€-18k▼ 778%€28k
2021: €6k
2022: €-2k▼ -136% vs 2021
2023: €-18k▼ -778% vs 2022lowest in 4 years
2024: €28k▲ +254% vs 2023highest in 4 years
Net result€6k-€-4k€-18k▼ 414%€22k
2021: €6k
2022: €-4k▼ -162% vs 2021
2023: €-18k▼ -414% vs 2022lowest in 4 years
2024: €22k▲ +219% vs 2023highest in 4 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €28k after a loss of €18k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€2k ▼ 15.4%
Current assets
€52k ▲ 241%
Equity and liabilities €54k
Equity
€16k
Debt
€39k
Debt finances 71.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€29k▲
2023 · €-17k
Cash flow
€22k▲
2023 · €-17k
Current ratio
1.55▲
2023 · 0.63
Quick ratio
1.31▲
2023 · 0.29
Debt to equity
2.51▲
2023 · -3.96
ROE
139.4%
ROA
39.7%▲
2023 · -100.7%
Interest coverage
143.72▲
2023 · -179.37
Debt ≤ 1 year
€34k▲
2023 · €24k
Income taxes
€6k
Staff costs
€69k▲
2023 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€18k€54k▲
Fixed assets21/28€3k€2k▼
Intangible fixed assets21€239€239=
Tangible fixed assets22/27€1k€967▼
Plant, machinery and equipment23€1k€967▼
Financial fixed assets28€1k€1k=
Current assets29/58€15k€52k▲
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€522€22k▲
Trade receivables40-€15k
Other amounts receivable41€522€7k▲
Cash at bank and in hand54/58€7k€22k▲
Equity and liabilities
Total equity and liabilities10/49€18k€54k▲
Equity10/15€-6k€16k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-16k€6k▲
Amounts payable17/49€24k€39k▲
Amounts payable within one year42/48€24k€34k▲
Trade debts44€18k-
Suppliers440/4€18k€0▼
Taxes, remuneration and social security45€6k€23k▲
Taxes450/3€624€8k▲
Remuneration and social security454/9€5k€15k▲
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Turnover70€195k-
Goods, raw materials, services and sundry goods60/61€150k-
Remuneration, social security and pensions62€53k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€679▼
Other operating charges640/8€1k€18k▲
Gross operating margin9900€37k€115k▲
Operating profit (loss)9901€-18k€28k▲
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€92€200▲
Recurring financial charges65€92€200▲
Profit (loss) for the period before taxes9903€-18k€28k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-18k€22k▲
Profit (loss) for the period to be appropriated9905€-18k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€6k▲
Profit (loss) brought forward from the previous period14P€2k€-16k▼
Social balance
Average headcount (FTE)908752,734.1-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €113k | €63k | €195k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €105k | €63k | €150k | - | - |
| Remuneration, social security and pensions62 | - | - | €53k | €69k | ▲ 30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €2k | €679 | ▼ 57.3% |
| Other operating charges640/8 | €1k | €405 | €1k | €18k | ▲ 1,331% |
| Gross operating margin9900 | €8k | €-423 | €37k | €115k | ▲ 209% |
| Operating profit (loss)9901 | €6k | €-2k | €-18k | €28k | ▲ 254% |
| Financial income75/76B | - | - | - | €6 | - |
| Recurring financial income75 | - | - | - | €6 | - |
| Financial charges65/66B | €17 | €138 | €92 | €200 | ▲ 116% |
| Recurring financial charges65 | €17 | €138 | €92 | €200 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €6k | €-2k | €-18k | €28k | ▲ 253% |
| Income taxes67/77 | - | €1k | - | €6k | - |
| Profit (loss) for the period9904 | €6k | €-4k | €-18k | €22k | ▲ 219% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-4k | €-18k | €22k | ▲ 219% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27k | €23k | €18k | €54k | ▲ 201% |
| Fixed assets21/28 | €4k | €3k | €3k | €2k | ▼ 15.4% |
| Intangible fixed assets21 | €718 | €479 | €239 | €239 | = |
| Tangible fixed assets22/27 | €2k | €1k | €1k | €967 | ▼ 31.2% |
| Plant, machinery and equipment23 | - | - | €1k | €967 | ▼ 31.2% |
| Furniture and vehicles24 | €2k | €1k | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €23k | €21k | €15k | €52k | ▲ 241% |
| Stocks and contracts in progress3 | - | - | €8k | €8k | = |
| Stocks30/36 | - | - | €8k | €8k | = |
| Amounts receivable within one year40/41 | €5k | €8k | €522 | €22k | ▲ 4,089% |
| Trade receivables40 | - | €501 | - | €15k | - |
| Other amounts receivable41 | €5k | €8k | €522 | €7k | ▲ 1,190% |
| Cash at bank and in hand54/58 | €18k | €12k | €7k | €22k | ▲ 233% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27k | €23k | €18k | €54k | ▲ 201% |
| Equity10/15 | €16k | €12k | €-6k | €16k | ▲ 354% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €6k | €2k | €-16k | €6k | ▲ 134% |
| Amounts payable17/49 | €11k | €11k | €24k | €39k | ▲ 60.8% |
| Amounts payable within one year42/48 | €11k | €11k | €24k | €34k | ▲ 38.8% |
| Financial debts43 | €308 | - | - | - | - |
| Credit institutions430/8 | €308 | - | - | - | - |
| Trade debts44 | €20 | €362 | €18k | - | - |
| Suppliers440/4 | €20 | €362 | €18k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €6k | €23k | ▲ 297% |
| Taxes450/3 | - | - | €624 | €8k | ▲ 1,215% |
| Remuneration and social security454/9 | - | - | €5k | €15k | ▲ 187% |
| Other amounts payable47/48 | €11k | €11k | - | €10k | - |
| Accrued charges and deferred income492/3 | - | - | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-4k | €-18k | €22k | ▲ 219% |
| + Depreciation and write-downs630 | €1k | €1k | €2k | €679 | ▼ 57.3% |
| Operating cash flow (approximation) | €7k | €-2k | €-17k | €22k | ▲ 234% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-239 | ▲ 86.4% |
| Change in cash | - | €-5k | €-6k | €15k | ▲ 365% |
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
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 239 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.63 to 1.55.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zaventem · 1 establishment unit since 2020
Ground area
623 m²
Building footprint
280 m²
Volume, LiDAR
1,492 m³
2 parcels, Flanders, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
662
companies at this address
See who is registered here
1 establishment unit
L'Ecuyer
since 20202.322.924.920
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 62814C0212/00Z003 | Wallonia | 162 m² | 1 · 88 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.322.924.920
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.