Equity
ALRU CONSTRUCT has made a profit in every financial year since 2020.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 75% of them on solvency, 39% on liquidity, 48% on profitability and 51% 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 30-09-2025.
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).
In July 2024, 5,047 companies had the same profile as ALRU CONSTRUCT has now. Each dot stands for 13 companies, two years later.
That fits the bankruptcy probability of ALRU CONSTRUCT itself: 0.6% within 12 months.
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 5,047 companies, not a prediction for ALRU 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.
Liquidity is ample, with a current ratio of 2.75 (2.22 in 2024), above the usual 1.5. Short-term debt is 30.4% and cash 8.1% of total assets. 30.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 36 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ALRU CONSTRUCT Izegem | €411,056 | €65,838 | 69.3% | 1.1 |
| CARRO CHAPE DESIGN Manage | €379,207 | €70,831 | 33.2% | 1.1 |
| DCC Gistel | €188,167 | €134,055 | 16.2% | 1.5 |
| RABAEY DIRK BETONVLOEREN Veurne | €522,273 | €218,999 | 15.3% | 1 |
| Louis Geysen Essen | €623,750 | €90,926 | 63.8% | 0 |
| KLEVERS Roosdaal | €337,600 | €86,759 | 27.3% | - |
| HG Vloerisolatie Houthalen-Helchteren | €783,769 | €242,599 | 56.7% | 1 |
These companies have the same main activity as ALRU CONSTRUCT: screed work (NACE 43422). They are comparable in size and age: total assets between €188,000 and €784,000, founded between 2014 and 2018.
ALRU CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €215,551 in 2020 to €65,838 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €280,000. Estimated: probably between €180,000 and €380,000.
Higher than 78% of 9,973 companies in 2025.
Higher than 71% of 9,836 companies in 2025.
Higher than 47% of 9,905 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 7 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
411,056 | 647,591 | 789,219 | 739,547 | 546,548 | 152,166 | |
21/28 |
67,264 | 119,771 | 145,040 | 100,199 | 45,771 | 17,040 | |
22/27 |
64,664 | 117,171 | 142,440 | 100,199 | 45,771 | 17,040 | |
23 |
23,310 | 35,600 | 42,282 | 48,998 | - | - | |
24 |
41,354 | 81,571 | 100,159 | 51,200 | 45,771 | 17,040 | |
28 |
2,600 | 2,600 | 2,600 | - | - | - | |
29/58 |
343,792 | 527,821 | 644,178 | 639,348 | 500,777 | 135,126 | |
3 |
- | 5,000 | 25,672 | 117,079 | - | - | |
37 |
- | 5,000 | 25,672 | 117,079 | - | - | |
40/41 |
307,413 | 418,623 | 522,565 | 213,582 | 301,273 | 32,921 | |
40 |
261,863 | 402,573 | 515,282 | 202,702 | 281,500 | 32,921 | |
41 |
45,550 | 16,050 | 7,283 | 10,881 | 19,773 | - | |
54/58 |
33,290 | 100,179 | 90,562 | 308,687 | 199,504 | 102,205 | |
490/1 |
3,090 | 4,019 | 5,379 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
411,056 | 647,591 | 789,219 | 739,547 | 546,548 | 152,166 | |
10/15 |
284,891 | 265,202 | 264,832 | 198,498 | 195,427 | 20,939 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
266,291 | 246,602 | 246,232 | 179,898 | 176,827 | 2,339 | |
133 |
266,291 | 246,602 | 246,232 | 179,898 | 176,827 | 2,339 | |
16 |
- | 145,000 | 145,000 | 145,000 | 111,589 | - | |
160/5 |
- | 145,000 | 145,000 | 145,000 | 111,589 | - | |
164/5 |
- | 145,000 | 145,000 | 145,000 | 111,589 | - | |
17/49 |
126,165 | 237,389 | 379,386 | 396,049 | 239,532 | 131,227 | |
17 |
- | - | 3,339 | 20,083 | 11,440 | 7,604 | |
170/4 |
- | - | 3,339 | 20,083 | 11,440 | 7,604 | |
42/48 |
124,863 | 237,389 | 363,671 | 375,966 | 227,633 | 123,623 | |
42 |
- | 2,328 | 14,600 | 27,266 | 18,966 | 13,883 | |
43 |
60,000 | 100,000 | 100,000 | - | - | - | |
430/8 |
60,000 | 100,000 | 100,000 | - | - | - | |
44 |
47,541 | 78,174 | 174,329 | 172,969 | 52,367 | 31,956 | |
440/4 |
47,541 | 78,174 | 174,329 | 172,969 | 52,367 | 31,956 | |
45 |
17,322 | 56,888 | 30,901 | 123,858 | 91,402 | 10,918 | |
450/3 |
9,068 | 15,281 | 30,263 | 46,550 | 80,250 | 2,821 | |
454/9 |
8,254 | 41,607 | 638 | 77,307 | 11,152 | 8,097 | |
47/48 |
- | - | 43,841 | 51,873 | 64,899 | 66,866 | |
492/3 |
1,302 | - | 12,376 | - | 459 | - | |
| Income statement | |||||||
9900 |
65,838 | 225,232 | 371,037 | 527,232 | 554,923 | 215,551 | |
62 |
76,478 | 153,462 | 209,955 | 440,524 | 186,112 | 181,800 | |
630 |
30,324 | 51,155 | 47,677 | 27,157 | 18,174 | 23,850 | |
635/8 |
-145,000 | - | - | 33,411 | 111,589 | - | |
640/8 |
21,767 | 2,992 | 9,446 | 13,466 | 1,802 | 2,977 | |
66A |
- | - | 3,774 | - | - | - | |
9901 |
82,270 | 17,623 | 100,185 | 12,674 | 237,246 | 6,924 | |
75/76B |
0 | 42 | 6,875 | 250 | 0 | 450 | |
75 |
0 | 42 | 875 | 250 | 0 | 450 | |
76B |
- | - | 6,000 | - | - | - | |
65/66B |
17,005 | 12,215 | 14,595 | 6,370 | 4,723 | 3,104 | |
65 |
17,005 | 12,215 | 14,595 | 6,370 | 4,723 | 3,104 | |
9903 |
65,265 | 5,451 | 92,464 | 6,554 | 232,522 | 4,270 | |
67/77 |
45,576 | 5,081 | 26,130 | 3,484 | 58,034 | 1,932 | |
9904 |
19,689 | 370 | 66,335 | 3,071 | 174,488 | 2,339 | |
9905 |
19,689 | 370 | 66,335 | 3,071 | 174,488 | 2,339 | |
| Appropriation of the result | |||||||
9906 |
19,689 | 370 | 66,335 | 3,071 | 174,488 | 2,339 | |
691/2 |
19,689 | 370 | 66,335 | 3,071 | 174,488 | 2,339 | |
6921 |
19,689 | 370 | 66,335 | 3,071 | 174,488 | 2,339 | |
| Social balance sheet | |||||||
9087 |
1.1 | 3.4 | 6.8 | 7.8 | 3.2 | - | |
Hours worked1013 |
2,036 | 3,958 | 8,405 | 14,056 | 5,972 | - | |
| Document | |||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00096786 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00082444 | |
| 30-09-2023 | abbreviated format | 23-04-2024 | 2024-00066873 | |
| 30-09-2022 | abbreviated format | 09-11-2023 | 2023-00508952 | |
| 30-09-2021 | abbreviated format | 31-05-2022 | 2022-20045044 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12000157 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 112,594 | 68,778 | 147,861 | 39,831 | 255,420 | 30,774 | ||
| 50,013 | 51,525 | 114,011 | 30,228 | 192,663 | 26,189 | ||
| -22,183 | 27,793 | 97,119 | 90,078 | 46,905 | 40,890 | ||
| -66,889 | 9,616 | -218,124 | 109,183 | 97,299 | - | ||
| 218,929 | 290,431 | 280,507 | 263,382 | 273,143 | 11,503 | ||
| 69.3% | 41.0% | 33.6% | 26.8% | 35.8% | 13.8% | ||
| 2.75 | 2.22 | 1.77 | 1.70 | 2.20 | 1.09 | ||
| 2.75 | 2.20 | 1.70 | 1.39 | 2.20 | 1.09 | ||
| 0.44 | 0.90 | 1.43 | 2.00 | 1.23 | 6.27 | ||
| 6.9% | 0.1% | 25.0% | 1.5% | 89.3% | 11.2% | ||
| 4.8% | 0.1% | 8.4% | 0.4% | 31.9% | 1.5% | ||
| 6.62 | 5.63 | 10.13 | 6.25 | 54.08 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 2 | 5 | 10 | 2 |
| full-time | - | 2 | 5 | 10 | 2 |
| in full-time equivalents | - | 2 | 5 | 10 | 2 |
| 1.1 | 3.4 | 6.8 | 7.8 | 3.2 | |
| On a permanent contract | - | 2 | 5 | 9 | 2 |
| Joined | 5 | 3 | 5 | 23 | 7 |
| Left | 7 | 6 | 10 | 15 | 15 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €27,793 | €94,519 | €90,078 | €46,905 |
| Financial fixed assets | - | - | €2,600 | - | - |
| €30,324 | €51,155 | €47,677 | €27,157 | €18,174 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 4.7 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 36.7% to 30.7%. Equity is higher and debt is lower.
ALRU CONSTRUCT has no parent and no holdings in its annual accounts. Gandrin, Aleksandar is the only director. ALRU CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 22 February 2019, ALRU CONSTRUCT was incorporated.1 Gandrin, Aleksandar is manager of the company, appointed by deed of 26-02-2019.2 Total assets went from €152,166 in 2020 to €411,056 in 2025 and headcount from 3.2 full-time equivalents in 2021 to 1.1 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Slabbaardstraat-Noord 65 registered office 8870 Izegem | 22-02-2019 | 2.286.107.084 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36008C0180/00T006 | 101 m² | 1 · 67 m² | 10.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0721.451.455
If something looks wrong or is missing, please tell us.