ALGO is a farm in Maldegem. Public Limited, started on 7 January 1999, 1 establishment.

What is the address of ALGO?

The registered office of ALGO is located at Grote Nieuwhofdreef 36 box b, 9990 Maldegem.

Is ALGO still active?

Yes. According to the CBE (29 October 2026) ALGO is active, legal situation “Normale toestand”, started on 7 January 1999.

Is ALGO registered on Peppol?

Yes, ALGO is registered on the Peppol network with ID 0208:0465183690.

What is the enterprise number of ALGO?

The enterprise number of ALGO is BE0465183690.

When was ALGO founded?

ALGO was founded on 7 January 1999.

Who are the directors of ALGO?

According to the 2025 annual accounts, the directors of ALGO are: Martine De Zutter, Koen Goethals, Arne Goethals.

Is ALGO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 January 1999; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did ALGO make in 2025?

ALGO posted a profit after taxes of € 171,481 in financial year 2025.

What is the revenue of ALGO?

As a small company, ALGO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 712,131.

How many employees does ALGO have?

According to the 2025 annual accounts, ALGO has 0 full-time equivalents (FTE).

ALGO (Public Limited) - Maldegem - BE0465183690

Dossier ALGO, printed on 29 October 2026 from databakkes.be/en/0465183690/algo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 35 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ALGO from Maldegem, company number BE0465183690, closed financial year 2025 with a result of € 171,481 after tax. For that financial year ALGO recorded a gross margin of € 712,131 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 79,466 to € 171,481. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.

What it is worth Growing

€ 1.6 million

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 171,481

▲ 116% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6,479

▲ 13% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -92,592.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Vehicles and equipment

€ 953,228

▼ 8% vs 2024

Of which on lease € 950,708.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2 million

▲ 12% vs 2024

€ 303,368 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 784,988

▼ 5% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 176

▲ 1% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 295,883 Gross margin 2022: € 295,883 First fiscal year in the series	€ 545,038 Gross margin 2023: € 545,038 ▲ 84% vs 2022 (€ 295,883) Favourable step	€ 494,768 Gross margin 2024: € 494,768 ▼ 9% vs 2023 (€ 545,038) Unfavourable step	€ 712,131 Gross margin 2025: € 712,131 ▲ 44% vs 2024 (€ 494,768) Favourable step	▲ 44%
Profit after taxes	€ 212,783 Profit after taxes 2022: € 212,783 First fiscal year in the series	€ 343,404 Profit after taxes 2023: € 343,404 ▲ 61% vs 2022 (€ 212,783) Favourable step	€ 79,466 Profit after taxes 2024: € 79,466 ▼ 77% vs 2023 (€ 343,404) Unfavourable step	€ 171,481 Profit after taxes 2025: € 171,481 ▲ 116% vs 2024 (€ 79,466) Favourable step	▲ 116%
Equity	€ 768,030 Equity 2022: € 768,030 First fiscal year in the series	€ 1,251,433 Equity 2023: € 1,251,433 ▲ 63% vs 2022 (€ 768,030) Favourable step	€ 1,397,900 Equity 2024: € 1,397,900 ▲ 12% vs 2023 (€ 1,251,433) Favourable step	€ 1,569,381 Equity 2025: € 1,569,381 ▲ 12% vs 2024 (€ 1,397,900) Favourable step	▲ 12%
Total debts	€ 917,529 Total debts 2022: € 917,529 First fiscal year in the series	€ 1,469,099 Total debts 2023: € 1,469,099 ▲ 60% vs 2022 (€ 917,529) Unfavourable step	€ 2,813,177 Total debts 2024: € 2,813,177 ▲ 91% vs 2023 (€ 1,469,099) Unfavourable step	€ 2,877,413 Total debts 2025: € 2,877,413 ▲ 2% vs 2024 (€ 2,813,177) Unfavourable step	▲ 2%
Cash	€ 2,505 Cash 2022: € 2,505 First fiscal year in the series	€ 2,030 Cash 2023: € 2,030 ▼ 19% vs 2022 (€ 2,505) Unfavourable step	€ 5,733 Cash 2024: € 5,733 ▲ 182% vs 2023 (€ 2,030) Favourable step	€ 6,479 Cash 2025: € 6,479 ▲ 13% vs 2024 (€ 5,733) Favourable step	▲ 13%
Land & buildings	-	€ 546,728 Land & buildings 2023: € 546,728 First fiscal year in the series	€ 879,998 Land & buildings 2024: € 879,998 ▲ 61% vs 2023 (€ 546,728) Unchanged	€ 1,100,431 Land & buildings 2025: € 1,100,431 ▲ 25% vs 2024 (€ 879,998) Unchanged	▲ 25%
Retained profit	€ -686,944 Retained profit 2022: € -686,944 First fiscal year in the series	€ -343,540 Retained profit 2023: € -343,540 ▲ € 343,404 vs 2022 (€ -686,944) Favourable step	€ -264,074 Retained profit 2024: € -264,074 ▲ € 79,466 vs 2023 (€ -343,540) Favourable step	€ -92,592 Retained profit 2025: € -92,592 ▲ € 171,481 vs 2024 (€ -264,074) Favourable step	▲ € 171,481
Bank debt	€ 190,778 Bank debt 2022: € 190,778 First fiscal year in the series	€ 512,690 Bank debt 2023: € 512,690 ▲ 169% vs 2022 (€ 190,778) Unfavourable step	€ 1,773,937 Bank debt 2024: € 1,773,937 ▲ 246% vs 2023 (€ 512,690) Unfavourable step	€ 1,988,309 Bank debt 2025: € 1,988,309 ▲ 12% vs 2024 (€ 1,773,937) Unfavourable step	▲ 12%
Balance sheet total	€ 1,685,559 Balance sheet total 2022: € 1,685,559 First fiscal year in the series	€ 2,720,532 Balance sheet total 2023: € 2,720,532 ▲ 61% vs 2022 (€ 1,685,559) Unchanged	€ 4,234,962 Balance sheet total 2024: € 4,234,962 ▲ 56% vs 2023 (€ 2,720,532) Unchanged	€ 4,465,092 Balance sheet total 2025: € 4,465,092 ▲ 5% vs 2024 (€ 4,234,962) Unchanged	▲ 5%

Key figures of ALGO, 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 ALGO?

What happened at ALGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Arne Goethals stepped down as director. NBB
Jul 22, 2026 New annual accounts for financial year 2025: profit of € 171,481 (▲ 116% vs 2024). Source: NBB ↗
2025 Arne Goethals became a director. NBB
2021 Martine De Zutter became a director. NBB
2021 Koen Goethals became a director. NBB
Mar 15, 1999 New establishment in Assenede. KBO
Jan 7, 1999 Start of the company according to the CBE. KBO

In short

From € 212,783 profit in 2022 to € 171,481 profit in 2025.

Paid € 664 in corporate taxes since 2022.

Best year ever: 2023, with € 343,404 profit.

Original PDFs at the National Bank ↗

Management

WAASVAR 29.6%

The stake of WAASVAR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ALGO

Behind ALGO are Martine De Zutter and Koen Goethals. The shares are held by WAASVAR (29.6%).

Directors

According to the 2025 annual accounts

Martine De Zutter

Director

since 2021

Koen Goethals

Managing director

Also active at: International Pig Industry, LARAGRO, ARKO, KAMPELHOF, HAZELARENHOEK, SIBAVAR

since 2021

Arne Goethals

Director

Also active at: International Pig Industry, LARAGRO, ARKO, KAMPELHOF, KG BOUWTECHNIEK, SIBAVAR

since 2025 · until 2031

Shareholders

WAASVAR

29.6%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Grote Nieuwhofdreef 36 box b

9990 Maldegem

2.090.440.763

Veldstraat 12

9960 Assenede

Active since 15 March 1999

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0465.183.690

VAT number

BE 0465.183.690

Registered office

Grote Nieuwhofdreef 36 bus b, 9990 Maldegem

Names & denominations

ALGO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 January 1999

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Teelt van groenten, meloenen en wortel- en knolgewassen

Groothandel in granen, zaden en diervoeders

Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment

Ondersteunende activiteiten in verband met de teelt van gewassen

Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden

View on CBE Public ↗ Annual accounts (NBB) ↗

ALGO

Warning lights

Financials

What happened to ALGO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions