ALWEGRO
ActiveSummary
ALWEGRO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €570,844 and a net result of €117,168. Equity is growing by ~71.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 1033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-42
Solvency43▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.27 in 2024; short-term debt: 26.4% and cash: 1.5% of total assets), and 82.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.8%
Return on assets
3.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1033 sector peers (2025).
NBB · sector comparisonPosition among 1033 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
32 d early
2022
30 d early
2021
1 d early
2020
12 d late
2019
on the day
← 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 7 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Torhout, Construction sector
Equity
€570,844▲ 25.8%
2024 · €453,676
Total assets
€3.2m▲ 152%
2024 · €1.3m
Net result
€117,168▼ 56.8%
2024 · €271,340
Working capital
-€708,075▼ 232%
2024 · -€213,283
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,628▼ 37.8%€61,505▲ 101%€91,147▲ 48.2%€373,441▲ 310%€227,065▼ 39.2%
Net result€21,510within the sector's middle half▼ 41.2%€47,018above the sector's middle half▲ 119%€66,139above the sector's middle half▲ 40.7%€271,340above the sector's middle half▲ 310%€117,168above the sector's middle half▼ 56.8%
Equity€74,179within the sector's middle half▲ 40.8%€121,196within the sector's middle half▲ 63.4%€182,335above the sector's middle half▲ 50.4%€453,676above the sector's middle half▲ 149%€570,844above the sector's middle half▲ 25.8%
Total assets€149,355within the sector's middle half▲ 26.2%€659,620above the sector's middle half▲ 342%€775,494above the sector's middle half▲ 17.6%€1.3mabove the sector's middle half▲ 63.5%€3.2mabove the sector's middle half▲ 152%
Debt€75,176▲ 14.4%€538,423▲ 616%€593,159▲ 10.2%€814,596▲ 37.3%€2.6m▲ 223%
Working capital€55,155within the sector's middle half▲ 39.9%€75,549within the sector's middle half▲ 37.0%€93,206above the sector's middle half▲ 23.4%-€213,283below the sector's middle half-€708,075below the sector's middle half▼ 232%
Solvency49.7%within the sector's middle half▲ 5.2pp18.4%below the sector's middle half▼ 31.3pp23.5%within the sector's middle half▲ 5.1pp35.8%within the sector's middle half▲ 12.3pp17.8%below the sector's middle half▼ 17.9pp
Current ratio2.25within the sector's middle half▲ 0.451.96within the sector's middle half▼ 0.292.07within the sector's middle half▲ 0.120.27below the sector's middle half▼ 1.800.16below the sector's middle half▼ 0.11
Return on assets (ROA)14.4%within the sector's middle half▼ 16.5pp7.1%within the sector's middle half▼ 7.3pp8.5%within the sector's middle half▲ 1.4pp21.4%above the sector's middle half▲ 12.9pp3.7%within the sector's middle half▼ 17.7pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€3.1m ▲ 158%
Current assets
€137,173 ▲ 72.4%
Equity and liabilities €3.2m
Equity
€570,844 ▲ 25.8%
Debt
€2.6m ▲ 223%
Debt's share of the balance-sheet total rises from 64.2% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€256,769▼
2024 · €427,755
Cash flow
€146,872▼
2024 · €325,654
Debt to equity
4.61▲
2024 · 1.80
ROE
20.5%▼
2024 · 59.8%
Interest coverage
3.55▼
2024 · 36.55
Debt ≤ 1 year
€845,248▲
2024 · €292,842
Debt > 1 year
€1.8m▲
2024 · €521,754
Income taxes
€37,622▼
2024 · €90,398
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €816 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,514 | €16,963 | €36,379 | €54,313 | €29,704 | ▼ 45.3% |
| Other operating charges640/8 | €553 | €1,592 | €1,608 | €2,079 | €4,351 | ▲ 109% |
| Non-recurring operating charges66A | €656 | €7,454 | €0 | - | €8,085 | - |
| Gross operating margin9900 | €59,351 | €88,331 | €129,134 | €429,834 | €269,206 | ▼ 37.4% |
| Operating profit (loss)9901 | €30,628 | €61,505 | €91,147 | €373,441 | €227,065 | ▼ 39.2% |
| Financial income75/76B | €0 | €347 | €386 | €0 | €133 | - |
| Recurring financial income75 | €0 | €347 | €386 | €0 | €133 | - |
| Financial charges65/66B | €3,099 | €9,423 | €9,211 | €11,702 | €72,409 | ▲ 519% |
| Recurring financial charges65 | €3,099 | €9,423 | €9,211 | €11,702 | €72,409 | ▲ 519% |
| Profit (loss) for the period before taxes9903 | €27,528 | €52,430 | €82,322 | €361,739 | €154,789 | ▼ 57.2% |
| Income taxes67/77 | €6,018 | €5,412 | €16,183 | €90,398 | €37,622 | ▼ 58.4% |
| Profit (loss) for the period9904 | €21,510 | €47,018 | €66,139 | €271,340 | €117,168 | ▼ 56.8% |
| Profit (loss) for the period to be appropriated9905 | €21,510 | €47,018 | €66,139 | €271,340 | €117,168 | ▼ 56.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149,355 | €659,620 | €775,494 | €1.3m | €3.2m | ▲ 152% |
| Fixed assets21/28 | €50,063 | €505,000 | €595,312 | €1.2m | €3.1m | ▲ 158% |
| Tangible fixed assets22/27 | €50,063 | €505,000 | €595,312 | €688,713 | €562,462 | ▼ 18.3% |
| Land and buildings22 | - | - | - | €574,467 | €558,290 | ▼ 2.8% |
| Plant, machinery and equipment23 | €544 | €199 | €5,918 | €3,011 | €1,783 | ▼ 40.8% |
| Furniture and vehicles24 | €1,723 | €5,201 | €3,532 | €80,349 | €2,389 | ▼ 97.0% |
| Leasing and similar rights25 | €18,767 | €53,365 | €42,126 | €30,886 | - | - |
| Assets under construction and advance payments27 | €29,029 | €446,234 | €543,737 | €0 | - | - |
| Financial fixed assets28 | - | - | - | €500,000 | €2.5m | ▲ 400% |
| Current assets29/58 | €99,292 | €154,619 | €180,182 | €79,559 | €137,173 | ▲ 72.4% |
| Amounts receivable within one year40/41 | €18,770 | €23,899 | €113,893 | €35,677 | €86,448 | ▲ 142% |
| Trade receivables40 | €18,744 | €22,310 | €107,882 | €33,668 | €75,632 | ▲ 125% |
| Other amounts receivable41 | €26 | €1,589 | €6,011 | €2,009 | €10,816 | ▲ 438% |
| Cash at bank and in hand54/58 | €73,711 | €127,813 | €63,749 | €41,922 | €49,220 | ▲ 17.4% |
| Deferred charges and accrued income490/1 | €6,812 | €2,907 | €2,540 | €1,960 | €1,505 | ▼ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149,355 | €659,620 | €775,494 | €1.3m | €3.2m | ▲ 152% |
| Equity10/15 | €74,179 | €121,196 | €182,335 | €453,676 | €570,844 | ▲ 25.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €73,179 | €120,196 | €181,335 | €452,676 | €569,000 | ▲ 25.7% |
| Distributable reserves133 | €73,179 | €120,196 | €181,335 | €452,676 | €569,000 | ▲ 25.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €844 | - |
| Amounts payable17/49 | €75,176 | €538,423 | €593,159 | €814,596 | €2.6m | ▲ 223% |
| Amounts payable after more than one year17 | €31,040 | €459,353 | €506,182 | €521,754 | €1.8m | ▲ 242% |
| Financial debts170/4 | €31,040 | €459,353 | €506,182 | €521,754 | €1.8m | ▲ 242% |
| Amounts payable within one year42/48 | €44,137 | €79,070 | €86,976 | €292,842 | €845,248 | ▲ 189% |
| Current portion of amounts payable after more than one year42 | €8,448 | €10,569 | €42,841 | €62,345 | €203,932 | ▲ 227% |
| Financial debts43 | - | - | €20,000 | €40,000 | €206,735 | ▲ 417% |
| Credit institutions430/8 | - | - | - | - | €150,000 | - |
| Other loans439 | - | - | €20,000 | €40,000 | €56,735 | ▲ 41.8% |
| Trade debts44 | €16,547 | €48,511 | €2,212 | €9,132 | €3,963 | ▼ 56.6% |
| Suppliers440/4 | €16,547 | €48,511 | €2,212 | €9,132 | €3,963 | ▼ 56.6% |
| Taxes, remuneration and social security45 | €13,222 | €14,422 | €5,216 | €51,268 | €55,618 | ▲ 8.5% |
| Taxes450/3 | €11,322 | €12,497 | €5,216 | €49,368 | €53,718 | ▲ 8.8% |
| Remuneration and social security454/9 | €1,900 | €1,925 | €0 | €1,900 | €1,900 | = |
| Other amounts payable47/48 | €5,920 | €5,568 | €16,708 | €130,097 | €375,000 | ▲ 188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,510 | €47,018 | €66,139 | €271,340 | €117,168 | ▼ 56.8% |
| + Depreciation and write-downs630 | €27,514 | €16,963 | €36,379 | €54,313 | €29,704 | ▼ 45.3% |
| Operating cash flow (approximation) | €49,025 | €63,981 | €102,518 | €325,654 | €146,872 | ▼ 54.9% |
| Investment in fixed assets (approximation) | - | -€471,901 | -€126,691 | -€647,714 | -€1.9m | ▼ 194% |
| Change in cash | - | €54,102 | -€64,064 | -€21,827 | €7,298 | ▲ 133% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €500,000Eq €570,844 ▲25.8%
7 profitable years in a row build equity to €570,844.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €271,340 ▲310%
Operating result €373,441, net result €271,340, both a record.
30-09
Financial
Equity above €200,000Eq €453,676 ▲149%
6 profitable years in a row build equity to €453,676.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150,000Eq €182,335 ▲50.4%
5 profitable years in a row build equity to €182,335.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100,000Eq €121,196 ▲63.4%
4 profitable years in a row build equity to €121,196.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-09
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.89 to 1.80.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2019
Ground area
1,036 m²
Building footprint
171 m²
Volume, LiDAR
1,114 m³
Parcel 31522C0465/00R000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALWEGRO
since 20192.289.207.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522C0465/00R000 | Flanders | 1,036 m² | 1 · 171 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
CEDAX 100%1 subsidiary
- HAEZEBROUCK 99.98%
According to the annual accounts to 30-09-2025 of ALWEGRO 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.
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Company details
Identification
Legal formPrivate limited company
Founded03-05-2019
Fiscal year end30-09
Activities, NACEBEL 2025
42110Construction of roads and motorways
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726387765
Also
9925:BE0726387765
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.