Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 50.8 to 40.8.
Financials
Financial year 2025
ALLAERT from Harelbeke, company number BE0419682673, closed financial year 2025 with a result of € -844,353 after tax. For that financial year ALLAERT recorded revenue of € 9.6 million and equity of € 534,108. Compared with financial year 2024, the result moved from € -2.1 million to € -844,353. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 534,108
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -844,353
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 69,567
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
40.8
▼ 8.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 7% vs 2024
€ 73,800 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.
€ 393,345
▼ 30% vs 2024
Of which on lease € 139,809.
Debts at end 2025
€ 1.8 million
▼ 57% vs 2024
€ 383,457 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 490,884
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,881,310 | € 12,793,030 | € 11,570,633 | € 9,617,698 | ▼ 17% |
| Profit after taxes | € 66,981 | € -2,017,097 | € -2,137,185 | € -844,353 | ▲ € 1.3 million |
| Equity | € 5,117,521 | € 2,988,907 | € 851,722 | € 534,108 | ▼ 37% |
| Total debts | € 9,234,481 | € 10,721,077 | € 10,537,745 | € 7,789,329 | ▼ 26% |
| Cash | € 104,576 | € 106,371 | € 165,445 | € 69,567 | ▼ 58% |
| Land & buildings | € 4,132,073 | € 4,606,380 | € 3,560,707 | € 2,176,969 | ▼ 39% |
| Retained profit | € 3,193,372 | € 1,176,275 | € -960,909 | € -1,805,263 | ▼ € 844,353 |
| Dividend | € 100,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 5,016,949 | € 4,740,467 | € 4,223,477 | € 1,819,289 | ▼ 57% |
| Balance sheet total | € 14,352,002 | € 13,709,984 | € 11,414,467 | € 8,348,437 | ▼ 27% |
| Employees (FTE) | 46.9 | 50.8 | 48.9 | 40.8 | ▼ 8.1 |
Key figures of ALLAERT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ALLAERT?
What happened at ALLAERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serge Allaert stepped down as director. NBB
- Genovese NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 844,353. Source: NBB ↗
- Catharina Allaert stepped down as director. NBB
- Catharina Allaert became a director. NBB
- Serge Allaert became a director. NBB
- Genovese NV became a director. NBB
- New establishment in Harelbeke. KBO
In short
From € 66,981 profit in 2022 to € 844,353 loss in 2025.
Paid € 120,208 in corporate taxes since 2022.
Best year ever: 2022, with € 66,981 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
The stake of GENOVESE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALLAERTThe shares are held by GENOVESE (99.9%). It owns 100% of Allaert Classics itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2025
since 2024 · until 2030
since 2024 · until 2030
Shareholders
99.9%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Boerderijstraat 6
8530 Harelbeke
Boerderijstraat 40
8530 Harelbeke
Active since 1 January 2023
Boerderijstraat 10
8530 Harelbeke
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0419.682.673
- VAT number
- BE 0419.682.673
- Registered office
- Boerderijstraat 6, 8530 Harelbeke
- Names & denominations
- ALLAERT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1979
- Peppol
- Active · Active since 26 Jun 2025
- Activities · NACE
Vervaardiging van metalen deuren en vensters
Vervaardiging van metalen ramen, deuren, wanden en dergelijke
Glaszetten
Schrijnwerk
Metaalschrijnwerk