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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ALGROGREEN from Sint-Laureins, company number BE0606983438, closed financial year 2024 with a result of € -3,325 after tax. For that financial year ALGROGREEN recorded a gross margin of € 64,534 and equity of € 53,419. Compared with financial year 2023, the result moved from € -4,556 to € -3,325. 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 September 25, 2025.
€ 53,419
▼ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,325
▲ 27 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,804
▼ 58% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 34,819.
People and assets in 2024
€ 2,721
▼ 76% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,155
▼ 35% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 266,201
▼ 2% vs 2023
Loans from banks and other lenders, long and short.
€ 123,082
▲ 51% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,415
▼ 68% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 43,769 | € 47,474 | € 56,970 | € 64,534 | ▲ 13% |
| Profit after taxes | € 2,358 | € -945 | € -4,556 | € -3,325 | ▲ € 1,231 |
| Equity | € 62,245 | € 61,299 | € 56,744 | € 53,419 | ▼ 6% |
| Total debts | € 350,951 | € 378,116 | € 376,505 | € 396,698 | ▲ 5% |
| Cash | € 4,923 | € 17,730 | € 9,133 | € 3,804 | ▼ 58% |
| Land & buildings | € 356,356 | € 344,608 | € 344,608 | € 332,741 | ▼ 3% |
| Retained profit | € 43,645 | € 42,699 | € 38,144 | € 34,819 | ▼ 9% |
| Bank debt | € 299,919 | € 284,035 | € 272,009 | € 266,201 | ▼ 2% |
| Balance sheet total | € 413,196 | € 439,415 | € 433,249 | € 450,118 | ▲ 4% |
Key figures of ALGROGREEN, 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 ALGROGREEN?
What happened at ALGROGREEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 3,325. filed late Source: NBB ↗
- Murat Cesmeli became a director. NBB
- New establishment in Sint-Laureins. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,358 profit in 2021 to € 3,325 loss in 2024.
Paid € 17,892 in corporate taxes since 2021.
Best year ever: 2021, with € 2,358 profit.
Management
Behind ALGROGREEN is Murat Cesmeli.
Directors
According to the 2024 annual accounts
Murat Cesmeli
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Kruyersweg(STL) 1
9980 Sint-Laureins
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0606.983.438
- VAT number
- BE 0606.983.438
- Registered office
- Kruyersweg(STL) 1, 9980 Sint-Laureins
- Names & denominations
- ALGROGREEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 2015
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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