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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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GROUP ALBORO from Gent, company number BE0831037305, closed financial year 2024 with a result of € -71,188 after tax. For that financial year GROUP ALBORO recorded a gross margin of € -52,594 and equity of € -37,615. Compared with financial year 2023, the result moved from € -431,987 to € -71,188. 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 October 9, 2025.
€ -37,615
▼ € 41,268 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -71,188
▲ 84 % less loss than in 2023
Profit after tax over the fiscal year.
€ 14,567
▲ 54% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -50,015.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 810
▼ 99% vs 2023
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2024
€ 98,787
▲ 39% vs 2023
€ 31,362 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 35,574
▼ 83% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 44,619
▼ 6% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 144,029 | € 148,098 | € 42,633 | € -52,594 | ▼ € 95,227 |
| Profit after taxes | € 66,827 | € 40,315 | € -431,987 | € -71,188 | ▲ € 360,798 |
| Equity | € 395,325 | € 435,639 | € 3,653 | € -37,615 | ▼ € 41,268 |
| Total debts | € 300,279 | € 147,246 | € 325,402 | € 382,702 | ▲ 18% |
| Cash | € 34,707 | € 51,087 | € 9,437 | € 14,567 | ▲ 54% |
| Land & buildings | € 75,000 | € 75,000 | € 75,000 | € 75,000 | |
| Retained profit | € 382,925 | € 423,239 | € -8,747 | € -50,015 | ▼ € 41,268 |
| Bank debt | € 85,999 | € 77,472 | € 70,995 | € 98,787 | ▲ 39% |
| Balance sheet total | € 695,604 | € 582,886 | € 329,054 | € 345,087 | ▲ 5% |
| Employees (FTE) | 5.2 | 4.7 | 5 | - |
Key figures of GROUP ALBORO, 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 GROUP ALBORO?
What happened at GROUP ALBORO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 71,188. filed late Source: NBB ↗
- Murat Mutlu became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 66,827 profit in 2021 to € 71,188 loss in 2024.
Paid € 395,411 in corporate taxes since 2021.
Best year ever: 2021, with € 66,827 profit.
On average € 8,500 of value added per employee in 2023.
A new publication or filing at GROUP ALBORO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GROUP ALBORO is Murat Mutlu. Murat Mutlu is also behind MI-LENN and GROUP UCS.
Establishments
Establishment units
Physical locations of this company
Industrieweg 122 box D1
9032 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
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€ 138,508 gross margin · 2025
WICO
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+13 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
- 0831.037.305
- VAT number
- BE 0831.037.305
- Registered office
- Industrieweg 122 bus D1, 9032 Gent
- Names & denominations
- GROUP ALBORO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 2010
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Overige werkzaamheden in verband met de afwerking van gebouwen
Bouwrijp maken van terreinen
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van ander schrijn- en timmerwerk
Vervaardiging van artikelen van beton voor de bouw
Vervaardiging van kunststofartikelen voor de bouw
Algemene reiniging van gebouwen
+2