ALUGARDEN
ActiveALUGARDEN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €491k and a net result of €-81k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-74
Solvency92▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 5.0 in 2023; short-term debt: 28% and cash: 9.1% of total assets), and 32.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
67.1%
Return on assets
-11%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
59 d late
2022
71 d late
2021
47 d late
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€491k▼ 14.1%
2023 · €572k
2018: €169k
2019: €229k
2020: €293k
2021: €378k
2022: €514k
2023: €572k
2018 → 2024
Total assets
€732k▼ 0.7%
2023 · €737k
2018: €347k
2019: €446k
2020: €572k
2021: €679k
2022: €761k
2023: €737k
2018 → 2024
Net result
€-81k
2023 · €58k
2018: €84k
2019: €80k
2020: €84k
2021: €85k
2022: €136k
2023: €58k
2018 → 2024
Working capital
€519k▲ 0.2%
2023 · €518k
2018: €56k
2019: €155k
2020: €207k
2021: €309k
2022: €432k
2023: €518k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€293k-€378k▲ 29.1%€514k▲ 36.0%€572k▲ 11.2%€491k▼ 14.1%
Operating result€118k-€87k▼ 25.9%€193k▲ 122%€124k▼ 35.8%€-50k
Net result€84k-€85k▲ 1.6%€136k▲ 59.3%€58k▼ 57.7%€-81k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €50k after €124k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €732k
Fixed assets
€8k▼ 90.9%
Current assets
€724k▲ 11.8%
Equity and liabilities €732k
Equity
€491k▼ 14.1%
Debt
€241k▲ 45.4%
The debt ratio rises from 22.4% to 32.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-37k▼
2023 · €160k
Cash flow
€-68k▼
2023 · €93k
Solvency
67.1%▼
2023 · 77.6%
Current ratio
3.54▼
2023 · 5.00
Quick ratio
3.46▼
2023 · 4.60
Debt / equity
0.49▲
2023 · 0.29
ROE
-16.4%▼
2023 · 10.1%
ROA
-11.0%▼
2023 · 7.8%
Interest coverage
-18.75▼
2023 · 6.23
Debt
€241k▲
2023 · €165k
Debt ≤ 1 year
€205k▲
2023 · €129k
Debt > 1 year
€36k=
2023 · €36k
Income taxes
€29k▼
2023 · €41k
Staff costs
€160k▼
2023 · €180k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€737k€732k▼
Fixed assets21/28€90k€8k▼
Tangible fixed assets22/27€54k€7k▼
Plant, machinery and equipment23€4k-
Furniture and vehicles24€49k€6k▼
Other tangible fixed assets26€2k€996▼
Financial fixed assets28€36k€1k▼
Current assets29/58€647k€724k▲
Stocks and contracts in progress3€52k€17k▼
Stocks30/36€52k€17k▼
Amounts receivable within one year40/41€552k€640k▲
Trade receivables40€552k€640k▲
Other amounts receivable41€29-
Cash at bank and in hand54/58€43k€67k▲
Equity and liabilities
Total equity and liabilities10/49€737k€732k▼
Equity10/15€572k€491k▼
Contributions10/11€69k€69k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€496k€415k▼
Amounts payable17/49€165k€241k▲
Amounts payable after more than one year17€36k€36k=
Financial debts170/4€36k€36k=
Amounts payable within one year42/48€129k€205k▲
Trade debts44€50k€45k▼
Suppliers440/4€50k€45k▼
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€63k€142k▲
Taxes450/3€46k€94k▲
Remuneration and social security454/9€17k€48k▲
Other amounts payable47/48€7k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€180k€160k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€12k▼
Other operating charges640/8€49k€17k▼
Gross operating margin9900€389k€140k▼
Operating profit (loss)9901€124k€-50k▼
Financial charges65/66B€26k€2k▼
Recurring financial charges65€26k€2k▼
Profit (loss) for the period before taxes9903€98k€-52k▼
Income taxes67/77€41k€29k▼
Profit (loss) for the period9904€58k€-81k▼
Profit (loss) for the period to be appropriated9905€58k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€496k€415k▼
Profit (loss) brought forward from the previous period14P€438k€496k▲
Social balance
Average headcount (FTE)90872.52.9▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-81k ▼240%
Net result drops to €-81k, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 59 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Highest result since 2018net €136k ▲59.3%
Operating result €193k, net result €136k, both a record.
31-12
Financial
Equity above €500kEq €514k ▲36%
5 profitable years in a row build equity to €514k.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €229k ▲35.3%
2 profitable years in a row build equity to €229k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vilvoorde · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kluitingstraat 161800 VilvoordeGround area
7,587 m²
Building footprint
800 m²
Volume, LiDAR
2,929 m³
Parcel 23643G0247/00B007, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALUGARDEN
since 19932.061.713.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0247/00B007 | Flanders | 7,587 m² | 2 · 800 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WILLAERT PIETER
BE 0896.247.633
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Ecova Projecten
BE 0878.493.366
Pelt · Eq €491k
SCHIFFELEERS-GLAS
BE 0435.968.379
Alken · Eq €491k
COPPENS FREDERIK
BE 0894.479.164
Kaprijke · Eq €491k
WeMaintain
BE 0801.822.586
Wichelen · Eq €490k
Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 5,992 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-03-1993
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.