GROUP ALBORO

Active

Private limited companyfounded 201015 yrs activeIndustrieweg 122, 9032 Gent, BelgiumKBO/BCE: BE 0831.037.305

The computed 12-month bankruptcy probability of GROUP ALBORO is 1.5% (moderate). The 2024 annual accounts show negative equity (€-38k) and a net result of €-71k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 36373 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency14▼-12

Growth32=

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.78 against 0.89 in 2023; short-term debt: 100.8% and cash: 4.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

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 2024

Solvency, return and age of the figures

Solvency

-10.9%

Return on assets

-20.6%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-38k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 filings

Deviation from the deadline

2025

not confirmed

2024

70 d late

2023

61 d late

2022

31 d late

2021

61 d late

2020

27 d late

2019

105 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-38k

2023 · €4k

2018: €77k 2019: €170k 2020: €328k 2021: €395k 2022: €436k 2023: €4k

2018 → 2024

Total assets

€345k▲ 4.9%

2023 · €329k

2018: €746k 2019: €1.43M 2020: €828k 2021: €696k 2022: €583k 2023: €329k

2018 → 2024

Net result

€-71k▲ 83.5%

2023 · €-432k

2018: €39k 2019: €93k 2020: €158k 2021: €67k 2022: €40k 2023: €-432k

2018 → 2024

Working capital

€-78k▼ 149%

2023 · €-31k

2018: €66k 2019: €101k 2020: €275k 2021: €371k 2022: €408k 2023: €-31k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€328k-€395k▲ 20.3%€436k▲ 10.2%€4k▼ 99.2%€-38k

Operating result€233k-€94k▼ 59.8%€62k▼ 33.8%€-70k€-58k▲ 16.9%

Net result€158k-€67k▼ 57.8%€40k▼ 39.7%€-432k€-71k▲ 83.5%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €58k in 2024 against €70k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €345k

21.7%

78.3%

Fixed assets €75k=

Current assets €270k▲ 6.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-58k▲

2023 · €-70k

Cash flow

€-71k▲

2023 · €-432k

Solvency

-10.9%▼

2023 · 1.1%

Current ratio

0.78▼

2023 · 0.89

Quick ratio

0.71▼

2023 · 0.89

Debt / equity

-10.17▼

2023 · 89.08

ROA

-20.6%▲

2023 · -131.3%

Interest coverage

-4.40▲

2023 · -8.35

Debt

€383k▲

2023 · €325k

Debt ≤ 1 year

€348k▲

2023 · €285k

Debt > 1 year

€32k▼

2023 · €40k

Income taxes

€173▼

2023 · €359k

Staff costs

€810▼

2023 · €108k

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€329k€345k▲

Fixed assets21/28€75k€75k=

Tangible fixed assets22/27€75k€75k=

Land and buildings22€75k€75k=

Plant, machinery and equipment23€0-

Current assets29/58€254k€270k▲

Stocks and contracts in progress3-€24k

Contracts in progress37-€24k

Amounts receivable within one year40/41€242k€230k▼

Trade receivables40€43k€114k▲

Other amounts receivable41€199k€116k▼

Cash at bank and in hand54/58€9k€15k▲

Deferred charges and accrued income490/1€3k€793▼

Equity and liabilities

Total equity and liabilities10/49€329k€345k▲

Equity10/15€4k€-38k▼

Contributions10/11€12k€12k=

Reserves13€423k€2k▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€421k€0▼

Profit (loss) carried forward14€-432k€-52k▲

Amounts payable17/49€325k€383k▲

Amounts payable after more than one year17€40k€32k▼

Financial debts170/4€40k€32k▼

Amounts payable within one year42/48€285k€348k▲

Current portion of amounts payable after more than one year42€7k€31k▲

Financial debts43€24k€35k▲

Other loans439€24k€35k▲

Trade debts44€207k€36k▼

Suppliers440/4€207k€36k▼

Advances received on contracts in progress46-€19k

Taxes, remuneration and social security45€47k€45k▼

Taxes450/3€2k€2k▼

Remuneration and social security454/9€45k€42k▼

Other amounts payable47/48-€182k

Accrued charges and deferred income492/3€0€2k▲

Income statement Code20232024

Non-recurring operating income76A-€0

Remuneration, social security and pensions62€108k€810▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19€0▼

Other operating charges640/8€4k€4k▲

Non-recurring operating charges66A€817€523▼

Gross operating margin9900€43k€-53k▼

Operating profit (loss)9901€-70k€-58k▲

Financial income75/76B€5k€106▼

Recurring financial income75€2k€106▼

Non-recurring financial income76B€3k-

Financial charges65/66B€8k€13k▲

Recurring financial charges65€8k€13k▲

Profit (loss) for the period before taxes9903€-73k€-71k▲

Income taxes67/77€359k€173▼

Profit (loss) for the period9904€-432k€-71k▲

Profit (loss) for the period to be appropriated9905€-432k€-71k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-432k€-71k▲

Transfer from equity791/2-€19k

Transfer to equity691/2€0-

To other reserves6921€0-

Social balance

Average headcount (FTE)90875.0-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

09-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 70 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 61 days late

2023

31-12

Financial Weakest financial yearnet €-432k ▼1172%

Net result drops to €-432k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

31-12

Financial Liquidity doublescurrent ratio 5.09

Current ratio from 2.52 to 5.09; short-term debt falls from €245k to €100k.

30-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 61 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

31-12

Financial Highest result since 2018net €158k ▲71.1%

Operating result €233k, net result €158k, both a record.

31-12

Financial Equity above €200kEq €328k ▲93.2%

3 profitable years in a row build equity to €328k.

13-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 105 days late

2019

31-12

Financial Equity above €150kEq €170k ▲120%

2 profitable years in a row build equity to €170k.

17-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 78 days late

2018

23-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

15-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

03-06

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

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

20-01-2023 MUTLU Murat: Resigned as Manager

01-02-2016 Davy Van de Walle: Resigned as Manager

16-01-2015 Wim Jonckheere: Resigned as Manager

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2010

establishment approximate The establishment unit on the map

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.

Industrieweg 1229032 Gent

Ground area

1.3 ha

Building footprint