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ALGROBO

Active
Public limited company·Andere reinigingsactiviteiten· 31 yrs active
Veldmeersstraat 33 ·9270 Laarne, Belgium
Open bankruptcy
KBO/BCE: BE 0454.071.549
Watch Print / PDF
Age31 yrs
Staff (FTE)25.7
Real estate1 parcel · 2.0 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for ALGROBO according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €2.26M and a net result of €-44k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
20-06-2022
Bankruptcy Opening
Date: 13-06-2022 · Ondernemingsrechtbank Gent, afdeling Dendermonde · ALGROBO NV VELDMEERS- STRAAT 33, 9270 LAARNE · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-44k
Working capital€2.03M-3.0%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 28-10-2021 with the NBB · fiscal year 2020 · verkort
€-1.00M€0€1.00M€2.00MOperating result 2018: €76k€76kNet result 2018: €2.48M€2.48MOperating result 2019: €-253k€-253kNet result 2019: €2.21M€2.21MOperating result 2020: €-56k€-56kNet result 2020: €-44k€-44k201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 81, Cleaning & landscape services · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 29.1% 33.9%
better than 42% of 62 sector peers
Net result €-44k €21k
better than 8% of 62 sector peers
Equity €2.26M €196k
better than 95% of 62 sector peers
Gross operating margin €1.19M €450k
better than 90% of 62 sector peers
Employees (FTE) 25.7 8.5
better than 92% of 45 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€4k
- -97% vs sector
Net profit
€-44k
- far below sector median
Cash flow
€16k
-99.3% -85% vs sector
Total assets
€7.76M
+5.7% far above sector median
Equity
€2.26M
-1.9% +288% vs sector
Working capital
€2.03M
-3.0% far above sector median
Employees (FTE)
26
-14.6% +123% vs sector
Income taxes
€86
-99.3% -100% vs sector
Debt
€5.50M
+9.2% far above sector median
Debt ≤ 1y
€5.50M
+9.2% far above sector median
Current ratio
1.37
-3.3% +46% vs sector
Quick ratio
1.37
-3.3% +50% vs sector
Solvency
29.1%
-7.2% -26% vs sector
ROE
-1.9%
- far below sector median
ROA
-0.6%
- far below sector median
Figures by fiscal year
Fiscal year2020
Revenue-
EBITDA€4k
Net profit€-44k
Cash flow€16k
Staff costs-
Income taxes€86
Dividends-
Total assets€7.76M
Equity€2.26M
Debt€5.50M
of which ≤ 1y€5.50M
of which > 1y-
Working capital€2.03M
Employees (FTE)25.7
Ratios (computed)
2020
Current ratio1.37
Quick ratio1.37
Working capital ratio26.2%
Solvency29.1%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-0.6%
ROE-1.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€7.76M
Fixed assets 21/28€231k
Tangible fixed assets 22/27€226k
Financial fixed assets 28€5k
Current assets 29/58€7.53M
Stocks & contracts in progress 3€1.23M
Amounts receivable within one year 40/41€2.64M
Cash & bank 54/58€228k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.76M
Equity 10/15€2.26M
Contributions / capital 10/11€87k
Reserves 13€2.17M
Accumulated profits (losses) 14€2.48M
Amounts payable 17/49€5.50M
Amounts payable within one year 42/48€5.50M
Trade debts payable within one year 44€853k
Income statement
Gross operating margin 9900€1.19M
Operating result 9901€-56k
Financial income 75€36k
Financial charges 65€24k
Result before taxes 9903€-44k
Income taxes 67/77€86
Net result for the period 9904€-44k
Result to be appropriated 9905€-44k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator MARGA PIETERS
AFFLIGEMDREEF 144, 9300 AALST-
 13-06-2022 → present Belgian State Gazette

Legal Structure

NACE primary Andere reinigingsactiviteiten(81230)
Legal form Public limited company(014)
Incorporation21-12-1994
StatusActive
Postal code9270
First BS signal 20-06-2022
Latest BS signal 20-06-2022

Structure & network

Company structure: linked entities

1 linked entity
ALGROBOBE 0454.071.549MARGA PIETERSReceiver ↔ 146G.L. CONCEPTBETONBORINGEN MAR…DEMAKO
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Locations & real estate

Establishment units

1 location
ALGROBO NV
Veldmeersstraat 33, 9270 Laarneteelt van zoden om te verplanten
since 19952.069.761.254
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2.0 ha
Buildings1
Building footprint2,083 m²
Volume (LiDAR)13,827 m³
Tallest building8.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42010B1073/00C000 Flanders 2.0 ha 1 · 2,083 m² 8.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
20-06-2022
Bankruptcy Opening
Date: 13-06-2022 · Ondernemingsrechtbank Gent, afdeling Dendermonde · ALGROBO NV VELDMEERS- STRAAT 33, 9270 LAARNE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-06-20 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency58Growth32Stability0
18 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 58
Growth 32
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Grondverzet45112Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290Diensten verwant aan de bosbouw en de bosexploitatie02020Ondersteunende diensten in verband met de bosbouw02400Ondersteunende diensten in verband met de bosbouw02400Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Loodgieterswerk43221Sanitaire werkzaamheden43221Overig loodgieterswerk45332Landschapsverzorging81300Landschapsverzorging81300
Primary activity highlighted.
Names & trade names
Legal nameNL ALGROBO
Registered office
Veldmeersstraat 33
9270 Laarne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.