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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALMINE RECH GALLERY from Elsene, company number BE0880459595, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year ALMINE RECH GALLERY recorded a gross margin of € 234,614 and equity of € -5.3 million. Compared with financial year 2024, the result moved from € -2 million to € -1.5 million. 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 September 30, 2026.
€ -5.3 million
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 644,046
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.3 million.
People and assets in 2025
13.6
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 33% vs 2024
€ 86,600 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.
€ 4,827
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.2 million
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 190,798
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,321,269 | € 9,266,545 | - | - | |
| Gross margin | - | - | € -798,049 | € 234,614 | ▲ € 1 million |
| Profit after taxes | € 20,020 | € 360,318 | € -2,036,781 | € -1,480,576 | ▲ € 556,205 |
| Equity | € -2,110,911 | € -1,750,593 | € -3,787,374 | € -5,267,949 | ▼ € 1.5 million |
| Total debts | € 10,763,236 | € 10,898,372 | € 10,107,997 | € 13,067,924 | ▲ 29% |
| Cash | € 1,319,319 | € 2,007,738 | € 628,255 | € 644,046 | ▲ 3% |
| Retained profit | € -2,172,911 | € -1,812,593 | € -3,849,374 | € -5,329,949 | ▼ € 1.5 million |
| Balance sheet total | € 8,802,325 | € 9,297,779 | € 6,320,624 | € 7,799,975 | ▲ 23% |
| Employees (FTE) | 10.9 | 12.1 | 11.6 | 13.6 | ▲ 2 |
Key figures of ALMINE RECH GALLERY, 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 ALMINE RECH GALLERY?
What happened at ALMINE RECH GALLERY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. filed late Source: NBB ↗
- ARG INVEST SAM became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,020 profit in 2022 to € 1.5 million loss in 2025.
Paid € 27,214 in corporate taxes since 2022.
Best year ever: 2023, with € 360,318 profit.
On average € 17,300 of value added per employee in 2025.
Management
Behind ALMINE RECH GALLERY is ARG INVEST SAM.
Directors
According to the 2025 annual accounts
Director · represented by Rechner Almine
since 2020
Establishments
Establishment units
Physical locations of this company
Abdijstraat 20
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
HETZNER-AS, DE
DNS
AWS Route 53
Domain
Domain
alminerech.com
Registered
2008-06-04
Registrar
Amazon Registrar, Inc.
Expires
2026-06-04
Website info
Features
Security
Network
Details
- Company number
- 0880.459.595
- VAT number
- BE 0880.459.595
- Registered office
- Abdijstraat 20, 1050 Elsene
- Names & denominations
- ALMINE RECH GALLERY · A.R.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2006
- Peppol
- Active · Active since 12 Jan 2026
- Contact
- alminerech.com
- Activities · NACE
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