Checked.be
Active
BE 0627.862.489Private limited company
ALGOET TEAM
Fazantstraat 5 ·8540 Deerlijk, Belgium· 11 yrs active
Sector: Machining of metals
(25530)
Conclusion
ALGOET TEAM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €636k and a net result of €12k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 2437 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €636k |
| Net result | €12k |
| Better than sector | 84% |
| Active | 11 yrs |
Financial profile
69
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
9
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
75
2020
100
2021
100
2022
93
2023
83
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.79 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.79 (≥ 1.0)
+5
Leverage
Debt/equity 0.25 (< 1.0)
+10
Profitability
ROE 2%
+3
Interest coverage
Interest coverage 7.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.9% | 47.0% | |
| Net result | €12k | €11k | |
| Equity | €636k | €75k | |
| Gross operating margin | €114k | €49k | |
| Total assets | €796k | €192k |
€72k
-71.4%
20-24
€12k
-92.2%
20-24
€64k
-68.4%
20-24
€796k
-14.4%
20-24
€636k
-18.0%
20-24
€254k
-46.4%
20-24
1
0.0%
20-24
€994
-98.6%
20-24
€3k
-93.8%
20-24
€154k
-
20-24
€160k
+4.1%
20-24
€91k
+19.2%
20-24
€69k
-10.9%
20-24
3.79
-47.4%
20-24
3.79
-44.4%
20-24
79.9%
-4.3%
20-24
0.25
+26.9%
20-24
1.9%
-90.5%
20-24
1.5%
-90.9%
20-24
7.55
-68.7%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €72k | €252k | €337k | €314k | €289k |
| Net profit | €12k | €154k | €220k | €202k | €180k |
| Cash flow | €64k | €203k | €242k | €219k | €203k |
| Staff costs | - | - | €994 | €69k | - |
| Income taxes | €3k | €46k | €94k | €92k | €82k |
| Dividends | €154k | - | - | - | - |
| Total assets | €796k | €929k | €671k | €446k | €262k |
| Equity | €636k | €776k | €622k | €402k | €201k |
| Debt | €160k | €154k | €49k | €43k | €61k |
| of which ≤ 1y | €91k | €76k | €48k | €43k | €60k |
| of which > 1y | €69k | €77k | - | - | - |
| Working capital | €254k | €474k | €384k | €231k | €44k |
| Employees (FTE) | - | - | - | 1.0 | 1.0 |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 3.79 | 7.20 | 9.08 | 6.43 | 1.73 |
| Quick ratio | 3.79 | 6.82 | 9.06 | 6.40 | 1.71 |
| Working capital ratio | 31.9% | 51.0% | 57.3% | 51.8% | 16.8% |
| Solvency | 79.9% | 83.5% | 92.8% | 90.2% | 76.7% |
| Debt / equity | 0.25 | 0.20 | 0.08 | 0.11 | - |
| Long-term debt ratio | 0.11 | 0.10 | - | - | - |
| Interest coverage | 7.55 | 24.13 | 40.73 | 38.12 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.5% | 16.5% | 32.8% | 45.2% | 68.9% |
| ROE | 1.9% | 19.8% | 35.3% | 50.1% | 89.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €796k | €929k | €671k | €446k | €262k |
| Fixed assets | 21/28 | €451k | €379k | €239k | €173k | €158k |
| Tangible fixed assets | 22/27 | €451k | €379k | €239k | €173k | €158k |
| Current assets | 29/58 | €345k | €551k | €432k | €273k | €104k |
| Stocks & contracts in progress | 3 | - | €29k | €1k | €1k | €2k |
| Amounts receivable within one year | 40/41 | €92k | €115k | €46k | €67k | €53k |
| Cash & bank | 54/58 | €62k | €116k | €94k | €28k | €47k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €796k | €929k | €671k | €446k | €262k |
| Equity | 10/15 | €636k | €776k | €622k | €402k | €201k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €617k | €757k | €604k | €384k | €182k |
| Accumulated profits (losses) | 14 | - | - | - | - | €439k |
| Amounts payable | 17/49 | €160k | €154k | €49k | €43k | €61k |
| Amounts payable after one year | 17 | €69k | €77k | - | - | - |
| Amounts payable within one year | 42/48 | €91k | €76k | €48k | €43k | €60k |
| Trade debts payable within one year | 44 | €6k | €2k | €10k | €10k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €114k | €252k | €340k | €384k | €361k |
| Operating result | 9901 | €20k | €202k | €315k | €297k | €266k |
| Financial income | 75 | €5k | €8k | €6k | €5k | €3k |
| Financial charges | 65 | €10k | €10k | €8k | €8k | €6k |
| Result before taxes | 9903 | €15k | €200k | €313k | €294k | €262k |
| Income taxes | 67/77 | €3k | €46k | €94k | €92k | €82k |
| Net result for the period | 9904 | €12k | €154k | €220k | €202k | €180k |
| Result to be appropriated | 9905 | €12k | €154k | €220k | €202k | €180k |
Legal Structure
| NACE primary | Machining of metals(25530) |
| Legal form | Private limited company(610) |
| Incorporation | 02-04-2015 |
| Status | Active |
| Postal code | 8540 |
Establishment units
Gerard Algoet
since 20152.241.151.742
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0409/00M009 | Flanders | 692 m² | 1 · 79 m² | 10.5 m · 2 fl. |
| 34009A0366/00S005 | Flanders | 367 m² | 1 · 75 m² | 7.8 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼92.2%
Net result drops to €12k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2020net €220k ▲9.1%
Operating result €315k, net result €220k, both a record.
31-12
Financial
Equity above €500kEq €622k ▲54.7%
3 profitable years in a row build equity to €622k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 6.43
Current ratio from 1.73 to 6.43; short-term debt falls from €60k to €43k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Machining of metals25530
Names & trade names
| Legal nameNL | ALGOET TEAM |
Similar companies
KEPI INDUSTRIAL SERVICES
BE 0742.691.386 · Brugge
Industrial Manufacturing Company
BE 0845.351.139 · Ieper
ARTE-GROSSÉ
BE 0424.307.296 · Brugge
ALGEMENE METAALBEWERKINGEN VANHEE
BE 0464.389.280 · Wevelgem
Ateliers Mécaniques MEGAP
BE 0597.897.706 · La Louvière