Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 15.9 to 12.8.
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Late annual account NBB
Fiscal year 2024 was filed 190 days after the legal deadline.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ALBRO from Ternat, company number BE0440114041, closed financial year 2024 with a result of € -515,193 after tax. For that financial year ALBRO recorded revenue of € 2.4 million and equity of € -192,363. Compared with financial year 2023, the result moved from € -267,816 to € -515,193. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 6, 2026.
€ -192,363
▼ € 515,193 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -515,193
▼ 92 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,458
▼ 92% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -258,857.
People and assets in 2024
12.8
▼ 2.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 561,608
▼ 17% vs 2023
€ 43,900 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.
€ 274,675
▼ 28% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 4.1 million
▼ 4% vs 2023
€ 428,831 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1 million
▲ 17% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 286,829
▲ 205% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,109,543 | € 2,827,698 | € 2,712,230 | € 2,434,799 | ▼ 10% |
| Gross margin | € 1,512,686 | € 1,675,981 | € 1,175,527 | € 1,034,342 | ▼ 12% |
| Profit after taxes | € 199,074 | € 125,632 | € -267,816 | € -515,193 | ▼ € 247,377 |
| Equity | € 465,014 | € 590,646 | € 322,830 | € -192,363 | ▼ € 515,193 |
| Total debts | € 6,893,488 | € 6,205,056 | € 7,624,052 | € 8,426,906 | ▲ 11% |
| Cash | € 345,715 | € 20,028 | € 17,317 | € 1,458 | ▼ 92% |
| Land & buildings | € 4,893,192 | € 4,288,767 | € 5,486,455 | € 5,264,811 | ▼ 4% |
| Retained profit | € 398,520 | € 524,152 | € 256,336 | € -258,857 | ▼ € 515,193 |
| Bank debt | € 2,397,561 | € 2,181,584 | € 4,246,356 | € 4,060,919 | ▼ 4% |
| Balance sheet total | € 7,358,502 | € 6,795,703 | € 7,946,882 | € 8,234,543 | ▲ 4% |
| Employees (FTE) | 15.6 | 15.9 | 15.4 | 12.8 | ▼ 2.6 |
Key figures of ALBRO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ALBRO?
What happened at ALBRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 515,193. filed late Source: NBB ↗
- New establishment in Waregem. KBO
- GAB MANAGEMENT BV became a director. NBB
- New establishment in Ternat. KBO
- Start of the company according to the CBE. KBO
In short
From € 199,074 profit in 2021 to € 515,193 loss in 2024.
Paid € 71,280 in corporate taxes since 2021.
Best year ever: 2021, with € 199,074 profit.
On average € 80,800 of value added per employee in 2024.
Management
The stake of G.A.B.CONTROLE HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALBROBehind ALBRO is GAB MANAGEMENT BV. The shares are held by G.A.B.CONTROLE HOLDING (99%).
Directors
According to the 2024 annual accounts
Director · represented by Alain BROEKAERT
Also active at: DERBYTT, SCARF, GROEP BROEKAERT Alain, ALTO, ALSPABRO, SWEET COTTON, G.A.B.CONTROLE HOLDING
since 2010
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Assesteenweg 96
1740 Ternat
Kortrijkseweg 78
8791 Waregem
Active since 1 January 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →PVH BELGIUM
GROEP BROEKAERT Alain same network
€ 2.4 million revenue · 2024
GAB International
€ 11.7 million revenue · 2024
ALTO same network
€ 376,739 revenue · 2024
ALBRI
€ 1.1 million revenue · 2024
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.114.041
- VAT number
- BE 0440.114.041
- Registered office
- Assesteenweg 96, 1740 Ternat
- Names & denominations
- ALBRO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 1990
- Peppol
- Active · Active since 5 Aug 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van verpakkingsbedrijven
Verpakkingsbedrijven
Goederenvervoer over de weg
Detailhandel in huishoudtextiel en beddengoed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis