Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
ALINCO from Sint-Niklaas, company number BE0418024468, closed financial year 2026 with a result of € 572,070 after tax. For that financial year ALINCO recorded revenue of € 12.6 million and equity of € 2.6 million. Compared with financial year 2025, the result moved from € 50,284 to € 572,070. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 7, 2026.
€ 2.6 million
▲ 17% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 572,070
▲ € 521,786 vs 2025
Profit after tax over the fiscal year.
€ 195,748
▲ 20% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
17 % of the profit went to the shareholders, mostly to MADEPCO (100 % of the shares). That is where the money ends up.
People and assets in 2026
62.6
▼ 2.8 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▲ 1% vs 2025
€ 71,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 236,295
▼ 20% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 1,767
▼ 99% vs 2025
Loans from banks and other lenders, long and short.
€ 847,667
▼ 41% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 745,999
▲ 38% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 11,842,458 | € 12,649,075 | ▲ 7% |
| Gross margin | € 4,847,071 | € 5,176,107 | - | - | |
| Profit after taxes | € 615,555 | € 4,246 | € 50,284 | € 572,070 | ▲ € 521,786 |
| Equity | € 2,094,122 | € 2,072,973 | € 2,237,833 | € 2,614,274 | ▲ 17% |
| Total debts | € 2,611,703 | € 7,404,823 | € 8,244,299 | € 7,308,779 | ▼ 11% |
| Cash | € 745,417 | € 120,108 | € 162,587 | € 195,748 | ▲ 20% |
| Land & buildings | - | - | € 634,831 | € 574,340 | ▼ 10% |
| Retained profit | € 1,873,634 | € 1,852,485 | € 1,877,769 | € 2,269,719 | ▲ 21% |
| Dividend | € 400,000 | € 0 | € 0 | € 100,000 | |
| Bank debt | € 0 | € 273,331 | € 251,838 | € 1,767 | ▼ 99% |
| Balance sheet total | € 6,018,325 | € 9,477,796 | € 10,482,132 | € 9,923,053 | ▼ 5% |
| Employees (FTE) | 52.5 | 57.8 | 65.4 | 62.6 | ▼ 2.8 |
Key figures of ALINCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
What happened to ALINCO?
What happened at ALINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MADEPCO BV stepped down as director. NBB
- Biehap BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 572,070 (▲ € 521,786 vs 2025). Source: NBB ↗
- MADEPCO BV became a director. NBB
- Biehap BV became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 615,555 profit in 2023 to € 572,070 profit in 2026.
Paid € 294,724 in corporate taxes since 2023.
Best year ever: 2023, with € 615,555 profit.
On average € 89,600 of value added per employee in 2024.
Management
The stake of MADEPCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALINCOThe shares are held by MADEPCO (99.9%).
Directors
According to the 2026 annual accounts
since 2025 · until 2031
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark-West 53
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.024.468
- VAT number
- BE 0418.024.468
- Registered office
- Industriepark-West 53, 9100 Sint-Niklaas
- Names & denominations
- ALINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1978
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Algemene metaalbewerking
Verspanend bewerken van metalen
Vervaardiging van ijzer en staal en van ferrolegeringen