IMMO ALGAB
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 23-06-2026 at the NBB all 7 filings
2022 to 2026, 5 financial years 2020 to 2026, 7 financial years
The operating result for 2026 is a profit of €41,015, after a loss of €10,192 in 2025. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €23,596 | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,894 | €9,159 | €9,808 | €28,148 | €2,846 |
| Depreciation and write-downs of the year | €31,337 | €29,845 | €27,800 | €23,281 | €21,791 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €197 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,864 | €33,245 | €31,337 | €29,845 | €27,800 | €23,281 | €21,791 | ▼ 6.4% |
| Other operating charges640/8 | €347 | - | €8,069 | €8,256 | €9,049 | €20,088 | €12,161 | ▼ 39.5% |
| Gross operating margin9900 | €32,615 | €55,545 | €46,805 | €52,718 | €50,594 | €33,177 | €74,967 | ▲ 126% |
| Operating profit (loss)9901 | -€1,596 | €14,320 | €7,399 | €14,617 | €13,745 | -€10,192 | €41,015 | - |
| Financial charges65/66B | €691 | - | €851 | €654 | €456 | €314 | €781 | ▲ 149% |
| Recurring financial charges65 | €691 | €1,049 | €851 | €654 | €456 | €314 | €781 | ▲ 149% |
| Profit (loss) for the period before taxes9903 | -€2,287 | €13,270 | €6,548 | €13,963 | €13,289 | -€10,506 | €40,235 | - |
| Income taxes67/77 | - | €920 | €1,144 | €3,115 | €3,337 | - | €6,270 | - |
| Profit (loss) for the period9904 | -€2,287 | €12,351 | €5,405 | €10,848 | €9,952 | -€10,506 | €33,965 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,287 | €12,351 | €5,405 | €10,848 | €9,952 | -€10,506 | €33,965 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €377,271 | €334,442 | €278,445 | €278,090 | €277,121 | €319,551 | €295,166 | ▼ 7.6% |
| Fixed assets21/28 | €298,444 | €294,416 | €270,973 | €250,287 | €232,294 | €237,161 | €218,215 | ▼ 8.0% |
| Tangible fixed assets22/27 | €298,444 | €294,416 | €270,973 | €250,287 | €232,294 | €237,161 | €218,215 | ▼ 8.0% |
| Land and buildings22 | €298,444 | - | €270,973 | €250,287 | €232,294 | €237,161 | €218,215 | ▼ 8.0% |
| Current assets29/58 | €78,827 | €40,026 | €7,472 | €27,803 | €44,828 | €82,391 | €76,951 | ▼ 6.6% |
| Amounts receivable within one year40/41 | €75,446 | €129 | €390 | €51 | €15 | - | - | - |
| Trade receivables40 | €1,155 | - | - | - | - | - | - | - |
| Other amounts receivable41 | €74,291 | - | €390 | €51 | €15 | - | - | - |
| Cash at bank and in hand54/58 | €3,381 | €39,897 | €6,228 | €19,025 | €36,936 | €80,141 | €74,559 | ▼ 7.0% |
| Deferred charges and accrued income490/1 | - | - | €855 | €8,727 | €7,877 | €2,250 | €2,392 | ▲ 6.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €377,271 | €334,442 | €278,445 | €278,090 | €277,121 | €319,551 | €295,166 | ▼ 7.6% |
| Equity10/15 | - | €234,896 | €240,300 | €251,148 | €261,100 | €250,594 | €234,559 | ▼ 6.4% |
| Contributions10/11 | €57,977 | - | €57,977 | €57,977 | €57,977 | €57,977 | €57,977 | = |
| Revaluation surpluses12 | €84,680 | - | €84,680 | €84,680 | €84,680 | €84,680 | €84,680 | = |
| Reserves13 | €79,888 | €92,239 | €97,643 | €108,491 | €118,443 | €107,937 | €91,902 | ▼ 14.9% |
| Non-distributable reserves130/1 | €5,178 | - | €5,178 | €5,178 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €5,178 | €5,178 | €0 | - | - | - |
| Other1319 | €5,178 | - | - | - | - | - | - | - |
| Distributable reserves133 | €74,710 | - | €92,466 | €103,313 | €118,443 | €107,937 | €91,902 | ▼ 14.9% |
| Amounts payable17/49 | €154,726 | €99,546 | €38,145 | €26,942 | €16,021 | €68,957 | €60,608 | ▼ 12.1% |
| Amounts payable after more than one year17 | €47,422 | €35,609 | €23,596 | €11,380 | €0 | €66,619 | €7,325 | ▼ 89.0% |
| Financial debts170/4 | €47,422 | - | €23,596 | €11,380 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | €66,619 | €7,325 | ▼ 89.0% |
| Amounts payable within one year42/48 | €107,304 | €63,937 | €14,549 | €15,562 | €16,021 | €2,338 | €50,850 | ▲ 22× |
| Current portion of amounts payable after more than one year42 | €11,615 | - | €12,013 | €12,216 | €11,380 | - | - | - |
| Trade debts44 | €95,689 | €381 | €472 | €230 | €1,304 | €711 | - | - |
| Suppliers440/4 | €95,689 | - | €472 | €230 | €1,304 | €711 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,063 | €3,115 | €3,337 | - | €850 | - |
| Taxes450/3 | - | - | €2,063 | €3,115 | €3,337 | - | €850 | - |
| Other amounts payable47/48 | - | - | €0 | - | - | €1,627 | €50,000 | ▲ 31× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €2,433 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,287 | €12,351 | €5,405 | €10,848 | €9,952 | -€10,506 | €33,965 | - |
| + Depreciation and write-downs630 | €33,864 | €33,245 | €31,337 | €29,845 | €27,800 | €23,281 | €21,791 | ▼ 6.4% |
| Operating cash flow (approximation) | €31,577 | €45,595 | €36,742 | €40,692 | €37,752 | €12,775 | €55,756 | ▲ 336% |
| Investment in fixed assets (approximation) | - | -€29,217 | -€7,894 | -€9,159 | -€9,808 | -€28,148 | -€2,846 | ▲ 89.9% |
| Change in cash | - | €36,516 | -€33,669 | €12,797 | €17,911 | €43,205 | -€5,581 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as IMMO ALGAB has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO ALGAB itself is lower: 0.3% within 12 months. It rests on far more data about IMMO ALGAB than the profile alone.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for IMMO ALGAB. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 23-06-2026 | 2026-00186783 | |
| 31-03-2025 | micro format | 08-09-2025 | 2025-00484960 | |
| 31-03-2024 | micro format | 23-10-2024 | 2024-00513779 | |
| 31-03-2023 | full format | 24-10-2023 | 2023-00492477 | |
| 31-03-2022 | full format | 04-10-2022 | 2022-20452972 | |
| 31-03-2021 | full format | 28-10-2021 | 2021-74600275 | |
| 31-03-2020 | full format | 20-11-2020 | 2020-71500255 |