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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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 197 days after the legal deadline.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
ALGI INVESTMENTS from Gent, company number BE0874566153, closed financial year 2024 with a result of € -46,462 after tax. For that financial year ALGI INVESTMENTS recorded a gross margin of € 24,265 and equity of € 335,614. Compared with financial year 2023, the result moved from € 19,636 to € -46,462. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 13, 2026.
€ 335,614
▼ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -46,462
▼ still € 19,636 profit in 2023
Profit after tax over the fiscal year.
€ 19,333
▲ € 15,897 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 274,114.
Debts at end 2024
€ 273,028
▼ 24% vs 2023
€ 73,729 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4,575
▼ 34% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 12,300
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 | € 78,889 | € 548,857 | € 75,371 | € 24,265 | ▼ 68% |
| Profit after taxes | € 875 | € 354,637 | € 19,636 | € -46,462 | ▼ € 66,097 |
| Equity | € 7,803 | € 362,440 | € 382,076 | € 335,614 | ▼ 12% |
| Total debts | € 734,799 | € 864,096 | € 797,628 | € 827,533 | ▲ 4% |
| Cash | € 4,118 | € 10,834 | € 3,436 | € 19,333 | ▲ € 15,897 |
| Land & buildings | € 662,160 | € 527,929 | € 472,405 | € 456,576 | ▼ 3% |
| Retained profit | € -53,697 | € 300,940 | € 320,576 | € 274,114 | ▼ 14% |
| Bank debt | € 463,768 | € 409,330 | € 359,043 | € 273,028 | ▼ 24% |
| Balance sheet total | € 742,602 | € 1,360,634 | € 1,313,801 | € 1,297,244 | ▼ 1% |
Key figures of ALGI INVESTMENTS, 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 ALGI INVESTMENTS?
What happened at ALGI INVESTMENTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 46,462 (▼ € 66,097 vs 2023). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 875 profit in 2021 to € 46,462 loss in 2024.
Paid € 12,300 in corporate taxes since 2021.
Best year ever: 2022, with € 354,637 profit.
Management
Behind ALGI INVESTMENTS is Benjamin Ginsburg. Benjamin Ginsburg is also behind Köpping, FRESH START, Green Urban Projects and GREEN HOMES.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Predikherenlei 2
9000 Gent
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
- 0874.566.153
- VAT number
- BE 0874.566.153
- Registered office
- Predikherenlei 2, 9000 Gent
- Names & denominations
- ALGI INVESTMENTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 2005
- Peppol
- Not registered