ALG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ALG CONSTRUCT is ≥ 25% (high). For ALG CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €25k and a net result of €5k. Equity is growing by ~30.5% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability84▲+26
Solvency84▲+3
Growth78▲+26
Track record76
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 2022Solvency, return and age of the figures
Solvency
59.1%
Return on assets
12.1%
Age of the figures
45 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-12-2023, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
123 d late
2021
488 d late
2020
853 d late
2019
6 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×3
Financials · fiscal year 2022, micro schema
Equity
€25k▲ 25.7%
2021 · €20k
2018: €5klowest in 5 years
2019: €12k▲ +136% vs 2018
2020: €16k▲ +31.8% vs 2019
2021: €20k▲ +26.6% vs 2020
2022: €25k▲ +25.7% vs 2021highest in 5 years
2018 → 2022
Total assets
€43k▲ 19.9%
2021 · €36k
2018: €9klowest in 5 years
2019: €23k▲ +158% vs 2018
2020: €23k▲ +0.8% vs 2019
2021: €36k▲ +52.2% vs 2020
2022: €43k▲ +19.9% vs 2021highest in 5 years
2018 → 2022
Net result
€5k▲ 22.3%
2021 · €4k
2018: €5k
2019: €7k▲ +36.0% vs 2018highest in 5 years
2020: €4k▼ -44.8% vs 2019lowest in 5 years
2021: €4k▲ +10.0% vs 2020
2022: €5k▲ +22.3% vs 2021
2018 → 2022
Working capital
€25k▲ 25.0%
2021 · €20k
2018: €3klowest in 5 years
2019: €11k▲ +318% vs 2018
2020: €16k▲ +43.8% vs 2019
2021: €20k▲ +24.3% vs 2020
2022: €25k▲ +25.0% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€5k-€12k▲ 136%€16k▲ 31.8%€20k▲ 26.6%€25k▲ 25.7%
2018: €5klowest in 5 years
2019: €12k▲ +136% vs 2018
2020: €16k▲ +31.8% vs 2019
2021: €20k▲ +26.6% vs 2020
2022: €25k▲ +25.7% vs 2021highest in 5 years
Operating result€6k-€9k▲ 40.3%€6k▼ 34.9%€6k▲ 14.4%€5k▼ 18.2%
2018: €6k
2019: €9k▲ +40.3% vs 2018highest in 5 years
2020: €6k▼ -34.9% vs 2019
2021: €6k▲ +14.4% vs 2020
2022: €5k▼ -18.2% vs 2021lowest in 5 years
Net result€5k-€7k▲ 36.0%€4k▼ 44.8%€4k▲ 10.0%€5k▲ 22.3%
2018: €5k
2019: €7k▲ +36.0% vs 2018highest in 5 years
2020: €4k▼ -44.8% vs 2019lowest in 5 years
2021: €4k▲ +10.0% vs 2020
2022: €5k▲ +22.3% vs 2021
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 2022; 2022 is 18% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €43k
Fixed assets
€633 ▲ 58.3%
Current assets
€42k ▲ 19.5%
Equity and liabilities €43k
Equity
€25k ▲ 25.7%
Debt
€18k ▲ 12.6%
Debt's share of the balance-sheet total falls from 43.6% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2021 · €7k
Cash flow
€5k▲
2021 · €4k
Current ratio
2.41▲
2021 · 2.27
Debt to equity
0.69▼
2021 · 0.77
ROE
20.4%▼
2021 · 21.0%
ROA
12.1%▲
2021 · 11.8%
Interest coverage
28.44▲
2021 · 2.94
Debt ≤ 1 year
€18k▲
2021 · €16k
Income taxes
€2k▲
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 35 lines
Balance sheet
Code20212022
Assets
Total assets20/58€36k€43k▲
Fixed assets21/28€400€633▲
Tangible fixed assets22/27€400€633▲
Plant, machinery and equipment23€400€633▲
Current assets29/58€35k€42k▲
Amounts receivable within one year40/41€35k€42k▲
Trade receivables40€11k€42k▲
Other amounts receivable41€24k-
Cash at bank and in hand54/58€248€171▼
Equity and liabilities
Total equity and liabilities10/49€36k€43k▲
Equity10/15€20k€25k▲
Reserves13€4k€4k=
Non-distributable reserves130/1€800€800=
Legal reserve130€800€800=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€16k€22k▲
Amounts payable17/49€16k€18k▲
Amounts payable within one year42/48€16k€18k▲
Trade debts44€12k€12k=
Suppliers440/4€12k€12k=
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65€158▲
Gross operating margin9900€7k€5k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€2k€192▼
Recurring financial charges65€2k€192▼
Profit (loss) for the period before taxes9903€6k€7k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€22k▲
Profit (loss) brought forward from the previous period14P€12k€16k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €999 | €65 | €158 | ▲ 143% |
| Gross operating margin9900 | €9k | €10k | €7k | €7k | €5k | ▼ 16.6% |
| Operating profit (loss)9901 | €6k | €9k | €6k | €6k | €5k | ▼ 18.2% |
| Financial income75/76B | - | - | €2k | €1k | €2k | ▲ 36.6% |
| Recurring financial income75 | - | €1k | €2k | €1k | €2k | ▲ 36.6% |
| Financial charges65/66B | - | - | €2k | €2k | €192 | ▼ 91.4% |
| Recurring financial charges65 | - | €289 | €2k | €2k | €192 | ▼ 91.4% |
| Profit (loss) for the period before taxes9903 | €6k | €9k | €6k | €6k | €7k | ▲ 24.4% |
| Income taxes67/77 | €1k | €2k | €2k | €2k | €2k | ▲ 30.5% |
| Profit (loss) for the period9904 | €5k | €7k | €4k | €4k | €5k | ▲ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €5k | €7k | €4k | €4k | €5k | ▲ 22.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9k | €23k | €23k | €36k | €43k | ▲ 19.9% |
| Fixed assets21/28 | €2k | €1k | €35 | €400 | €633 | ▲ 58.3% |
| Tangible fixed assets22/27 | €2k | €1k | €35 | €400 | €633 | ▲ 58.3% |
| Plant, machinery and equipment23 | - | - | €35 | €400 | €633 | ▲ 58.3% |
| Current assets29/58 | €7k | €22k | €23k | €35k | €42k | ▲ 19.5% |
| Amounts receivable within one year40/41 | €5k | €22k | €23k | €35k | €42k | ▲ 19.9% |
| Trade receivables40 | - | - | €2k | €11k | €42k | ▲ 296% |
| Other amounts receivable41 | - | - | €21k | €24k | - | - |
| Cash at bank and in hand54/58 | €1k | €105 | €436 | €248 | €171 | ▼ 31.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9k | €23k | €23k | €36k | €43k | ▲ 19.9% |
| Equity10/15 | €5k | €12k | €16k | €20k | €25k | ▲ 25.7% |
| Reserves13 | €3k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | - | €800 | €800 | €800 | = |
| Legal reserve130 | - | - | €800 | €800 | €800 | = |
| Distributable reserves133 | - | - | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €2k | €8k | €12k | €16k | €22k | ▲ 31.6% |
| Amounts payable17/49 | €4k | €11k | €8k | €16k | €18k | ▲ 12.6% |
| Amounts payable within one year42/48 | €4k | €11k | €8k | €16k | €18k | ▲ 12.6% |
| Trade debts44 | €2k | €8k | €3k | €12k | €12k | = |
| Suppliers440/4 | - | - | €3k | €12k | €12k | = |
| Taxes, remuneration and social security45 | - | - | €4k | €3k | €5k | ▲ 58.7% |
| Taxes450/3 | - | - | €4k | €3k | €5k | ▲ 58.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €7k | €4k | €4k | €5k | ▲ 22.3% |
| + Depreciation and write-downs630 | €2k | €1k | €999 | €65 | €158 | ▲ 143% |
| Operating cash flow (approximation) | €7k | €8k | €5k | €4k | €5k | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-430 | €-391 | ▲ 9.1% |
| Change in cash | - | €-978 | €331 | €-188 | €-77 | ▲ 59.0% |
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
2025
08-12
KBO administration
Address struck
18-08
KBO administration
Address struck
24-01
KBO administration
Address struck
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 488 days late
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 853 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼44.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲36%
Operating result €9k, net result €7k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Genesius-Rode
Ground area
210 m²
Building footprint
89 m²
Volume, LiDAR
707 m³
Parcel 22004C0677/00T000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
191
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0677/00T000 | Flanders | 210 m² | 1 · 89 m² | 10.1 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.