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IMMO ALGAB

Active
Private limited companyfounded 20197 yrs activeAvenue de la Corderie(H) 20, 7301 Boussu, BelgiumKBO/BCE: BE 0723.981.571
Summary

The computed 12-month bankruptcy probability of IMMO ALGAB is 3.0% (moderate). The 2025 annual accounts show equity of €250,594 and a net result of -€10,506. Equity is growing by ~2.8% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability65▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 35.24 against 2.8 in 2024; short-term debt: 0.7% and cash: 25.1% of total assets), and 21.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
78.4%
Return on assets
-3.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-09-2025, 53 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
53 d early
2024
8 d early
2023
7 d early
2022
27 d early
2021
3 d early
2020
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 23 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · 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

History

IMMO ALGAB was incorporated on 3 April 2019.1 Total assets fell from EUR 377,271 in 2020 to EUR 319,551 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,506
2024 · €9,952
Working capital
€80,053▲ 178%
2024 · €28,806
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€14,320€7,399▼ 48.3%€14,617▲ 97.6%€13,745▼ 6.0%-€10,192
Net result€12,351€5,405▼ 56.2%€10,848▲ 101%€9,952▼ 8.3%-€10,506
Equity€234,896€240,300▲ 2.3%€251,148▲ 4.5%€261,100▲ 4.0%€250,594▼ 4.0%
Total assets€334,442▼ 11.4%€278,445▼ 16.7%€278,090▼ 0.1%€277,121▼ 0.3%€319,551▲ 15.3%
Debt€99,546▼ 35.7%€38,145▼ 61.7%€26,942▼ 29.4%€16,021▼ 40.5%€68,957▲ 330%
Working capital-€23,912▲ 16.0%-€7,076▲ 70.4%€12,242€28,806▲ 135%€80,053▲ 178%
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: €14,320€14,320Net result 2021: €12,351€12,351Operating result 2022: €7,399€7,399Net result 2022: €5,405€5,405Operating result 2023: €14,617€14,617Net result 2023: €10,848€10,848Operating result 2024: €13,745€13,745Net result 2024: €9,952€9,952Operating result 2025: -€10,192-€10,192Net result 2025: -€10,506-€10,50620212022202320242025-€20,000-€10,000€0€10,000Operating result 2023: €14,617€14,600Net result 2023: €10,848€10,800Operating result 2024: €13,745€13,700Net result 2024: €9,952€9,950Operating result 2025: -€10,192-€10,200Net result 2025: -€10,506-€10,500202320242025
The operating result turns negative in 2025: a loss of €10,192 after €13,745 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319,551
Fixed assets €237,161 ▲ 2.1%
Current assets €82,391 ▲ 83.8%
Equity and liabilities €319,551
Equity €250,594 ▼ 4.0%
Debt €68,957 ▲ 330%
Debt's share of the balance-sheet total rises from 5.8% to 21.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€13,089▼
2024 · €41,545
Cash flow
€12,775▼
2024 · €37,752
Current ratio
35.24▲
2024 · 2.80
Debt to equity
0.28▲
2024 · 0.06
ROE
-4.2%▼
2024 · 3.8%
ROA
-3.3%▼
2024 · 3.6%
Interest coverage
41.74▼
2024 · 91.16
Debt ≤ 1 year
€2,338▼
2024 · €16,021
Debt > 1 year
€66,619▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€277,121€319,551▲
Fixed assets21/28€232,294€237,161▲
Tangible fixed assets22/27€232,294€237,161▲
Land and buildings22€232,294€237,161▲
Current assets29/58€44,828€82,391▲
Amounts receivable within one year40/41€15-
Other amounts receivable41€15-
Cash at bank and in hand54/58€36,936€80,141▲
Deferred charges and accrued income490/1€7,877€2,250▼
Equity and liabilities
Total equity and liabilities10/49€277,121€319,551▲
Equity10/15€261,100€250,594▼
Contributions10/11€57,977€57,977=
Revaluation surpluses12€84,680€84,680=
Reserves13€118,443€107,937▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€118,443€107,937▼
Amounts payable17/49€16,021€68,957▲
Amounts payable after more than one year17€0€66,619▲
Financial debts170/4€0-
Other amounts payable178/9-€66,619
Amounts payable within one year42/48€16,021€2,338▼
Current portion of amounts payable after more than one year42€11,380-
Trade debts44€1,304€711▼
Suppliers440/4€1,304€711▼
Taxes, remuneration and social security45€3,337-
Taxes450/3€3,337-
Other amounts payable47/48-€1,627
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,800€23,281▼
Other operating charges640/8€9,049€20,088▲
Gross operating margin9900€50,594€33,177▼
Operating profit (loss)9901€13,745-€10,192▼
Financial charges65/66B€456€314▼
Recurring financial charges65€456€314▼
Profit (loss) for the period before taxes9903€13,289-€10,506▼
Income taxes67/77€3,337-
Profit (loss) for the period9904€9,952-€10,506▼
Profit (loss) for the period to be appropriated9905€9,952-€10,506▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,952-€10,506▼
Transfer from equity791/2-€10,506
Transfer to equity691/2€9,952-
To other reserves6921€9,952-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,245€31,337€29,845€27,800€23,281▼ 16.3%
Other operating charges640/8-€8,069€8,256€9,049€20,088▲ 122%
Gross operating margin9900€55,545€46,805€52,718€50,594€33,177▼ 34.4%
Operating profit (loss)9901€14,320€7,399€14,617€13,745-€10,192▼ 174%
Financial charges65/66B-€851€654€456€314▼ 31.2%
Recurring financial charges65€1,049€851€654€456€314▼ 31.2%
Profit (loss) for the period before taxes9903€13,270€6,548€13,963€13,289-€10,506▼ 179%
Income taxes67/77€920€1,144€3,115€3,337--
Profit (loss) for the period9904€12,351€5,405€10,848€9,952-€10,506▼ 206%
Profit (loss) for the period to be appropriated9905€12,351€5,405€10,848€9,952-€10,506▼ 206%
Line20212022202320242025Change
Assets
Total assets20/58€334,442€278,445€278,090€277,121€319,551▲ 15.3%
Fixed assets21/28€294,416€270,973€250,287€232,294€237,161▲ 2.1%
Tangible fixed assets22/27€294,416€270,973€250,287€232,294€237,161▲ 2.1%
Land and buildings22-€270,973€250,287€232,294€237,161▲ 2.1%
Current assets29/58€40,026€7,472€27,803€44,828€82,391▲ 83.8%
Amounts receivable within one year40/41€129€390€51€15--
Other amounts receivable41-€390€51€15--
Cash at bank and in hand54/58€39,897€6,228€19,025€36,936€80,141▲ 117%
Deferred charges and accrued income490/1-€855€8,727€7,877€2,250▼ 71.4%
Equity and liabilities
Total equity and liabilities10/49€334,442€278,445€278,090€277,121€319,551▲ 15.3%
Equity10/15€234,896€240,300€251,148€261,100€250,594▼ 4.0%
Contributions10/11-€57,977€57,977€57,977€57,977=
Revaluation surpluses12-€84,680€84,680€84,680€84,680=
Reserves13€92,239€97,643€108,491€118,443€107,937▼ 8.9%
Non-distributable reserves130/1-€5,178€5,178€0--
Reserves not available under the articles1311-€5,178€5,178€0--
Distributable reserves133-€92,466€103,313€118,443€107,937▼ 8.9%
Amounts payable17/49€99,546€38,145€26,942€16,021€68,957▲ 330%
Amounts payable after more than one year17€35,609€23,596€11,380€0€66,619-
Financial debts170/4-€23,596€11,380€0--
Other amounts payable178/9----€66,619-
Amounts payable within one year42/48€63,937€14,549€15,562€16,021€2,338▼ 85.4%
Current portion of amounts payable after more than one year42-€12,013€12,216€11,380--
Trade debts44€381€472€230€1,304€711▼ 45.5%
Suppliers440/4-€472€230€1,304€711▼ 45.5%
Taxes, remuneration and social security45-€2,063€3,115€3,337--
Taxes450/3-€2,063€3,115€3,337--
Other amounts payable47/48-€0--€1,627-
Line20212022202320242025Change
Profit (loss) for the period9904€12,351€5,405€10,848€9,952-€10,506▼ 206%
+ Depreciation and write-downs630€33,245€31,337€29,845€27,800€23,281▼ 16.3%
Operating cash flow (approximation)€45,595€36,742€40,692€37,752€12,775▼ 66.2%
Investment in fixed assets (approximation)--€7,894-€9,159-€9,808-€28,148▼ 187%
Change in cash--€33,669€12,797€17,911€43,205▲ 141%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
08-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Weakest financial yearnet -€10,506
Net result drops to -€10,506, the lowest in the series.
31-03
Financial Liquidity times 13current ratio 35.24
Current ratio from 2.80 to 35.24; short-term debt falls from €16,021 to €2,338.
2024
23-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
24-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial Liquidity triplescurrent ratio 1.79
Current ratio from 0.51 to 1.79.
2022
04-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
28-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial Back to profitnet €12,351
Net result €12,351 after one loss-making year.
2020
20-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Boussu · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
1.6 ha
Building footprint
1 m²
Parcel 53041A0127/00T002, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMMO ALGAB
Avenue de la Corderie(H) 20, 7301 BoussuReal estate activities
since 20192.287.815.373
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53041A0127/00T002 Wallonia 1.6 ha 1 · 1 m² -
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 owner

Chain of control

  1. GIULIANO MANAGEMENT 100%
  2. IMMO ALGAB

Highest known parent: GIULIANO MANAGEMENT. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-04-2019
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID 0208:0723981571
Also 9925:BE0723981571
Registered 19-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.