ACTIVE

ALGO

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Financial year 2025 · closed on 31/12/2025

Net result

171,5 k €

+115.8% YoY

Gross margin

712,1 k €

+43.9% YoY

Equity

1,6 M €

+12.3% YoY

Workforce

0,0 ETP

What does ALGO do?

ALGO is a Public limited company incorporated in 1999. Its main activity is: Growing of vegetables and melons, roots and tubers. Its registered office is in Maldegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.183.690

Incorporation

07/01/1999

Legal form

Public limited company

Registered office

Grote Nieuwhofdreef 36 box b
9990 Maldegem · FlandreSee on map

Contributed capital

1 661 973,38 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

01130Growing of vegetables and melons, roots and tubers· main 01130Growing of vegetables and melons, roots and tubers 51210Freight air transport 01110Growing of cereals (except rice), leguminous crops and oil seeds 01110Growing of cereals (except rice), leguminous crops and oil seeds 01610Support activities for crop production+3

Joint committees (2)

149
14904

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	712,1 k €	+43.9%	494,8 k €	-9.2%	545 k €	+84.2%	295,9 k €	+75.4%	168,6 k €	-2.2%	172,5 k €	-30.6%	248,5 k €	-45.3%	454,6 k €	+190%	-506,9 k €	-109%	-242,2 k €	-367%	90,7 k €	+197%	-93,8 k €	-163%	148,5 k €	+183%	-179,1 k €	-150%	358,5 k €	+175%	130,4 k €	+169%	-187,7 k €	-282%	102,9 k €
EBITDA	704,3 k €	+43.5%	490,7 k €	+0.3%	489,2 k €	+66.7%	293,5 k €	+76.3%	166,5 k €	-1.0%	168,2 k €	-12.6%	192,4 k €	-57.5%	453 k €	+189%	-509,2 k €	-109%	-243,6 k €	-406%	79,6 k €	+164%	-125,1 k €	-206%	118,5 k €	+150%	-236 k €	-166%	356,9 k €	+177%	128,8 k €	+168%	-189,7 k €	-287%	101,4 k €
Operating result	251,4 k €	+62.7%	154,6 k €	-56.8%	357,8 k €	+62.8%	219,8 k €	+245%	63,8 k €	+3.6%	61,5 k €	+56.3%	39,4 k €	-90.5%	416,3 k €	+175%	-553,4 k €	-88.3%	-293,8 k €	-1411%	22,4 k €	+112%	-193 k €	-543%	43,5 k €	+114%	-318,8 k €	-217%	271,9 k €	+462%	48,4 k €	+119%	-252,2 k €	-590%	51,5 k €
Net result	171,5 k €	+116%	79,5 k €	-76.9%	343,4 k €	+61.4%	212,8 k €	+260%	59 k €	+20.1%	49,2 k €	+124%	21,9 k €	-94.5%	400 k €	+170%	-575,4 k €	-82.1%	-316 k €	-39890%	794,2 €	+100%	-227 k €	-939%	27,1 k €	+108%	-352,3 k €	-250%	234,9 k €	+2438%	9,3 k €	+103%	-282,5 k €	-1346%	22,7 k €
Balance sheet
Equity	1,6 M €	+12.3%	1,4 M €	+11.7%	1,3 M €	+62.9%	768 k €	+38.3%	555,2 k €	+20.1%	462,2 k €	+30.9%	353 k €	+46.4%	241,1 k €	+130%	-802 k €	-254%	-226,6 k €	-353%	89,5 k €	+0.9%	88,7 k €	+131%	-284,3 k €	+8.7%	-311,4 k €	-861%	40,9 k €	+121%	-194 k €	+4.6%	-203,2 k €	-356%	79,3 k €
Total assets	4,5 M €	+5.4%	4,2 M €	+55.7%	2,7 M €	+61.4%	1,7 M €	+9.4%	1,5 M €	-2.1%	1,6 M €	+0.8%	1,6 M €	+90.9%	817,8 k €	+10.8%	738,3 k €	-66.4%	2,2 M €	-8.3%	2,4 M €	+7.4%	2,2 M €	+23.3%	1,8 M €	-20.9%	2,3 M €	-10.6%	2,6 M €	+1.4%	2,5 M €	+22.8%	2,1 M €	+12.1%	1,8 M €
Cash	6,5 k €	+13.0%	5,7 k €	+182%	2 k €	-18.9%	2,5 k €	+46.1%	1,7 k €	-82.6%	9,9 k €	+714%	1,2 k €	-96.1%	31,3 k €	+8914%	347,4 €	-99.1%	37,3 k €	+1469%	2,4 k €	-76.6%	10,2 k €	+246%	2,9 k €	-94.2%	51 k €	+1865%	2,6 k €	+802%	287,8 €	-74.3%	1,1 k €	-92.0%	13,9 k €
Debts	2,9 M €	+2.3%	2,8 M €	+91.5%	1,5 M €	+60.1%	917,5 k €	-6.9%	985,7 k €	-11.4%	1,1 M €	-7.9%	1,2 M €	+111%	572,1 k €	-62.7%	1,5 M €	-36.5%	2,4 M €	+5.2%	2,3 M €	+7.5%	2,1 M €	+2.3%	2,1 M €	-19.5%	2,6 M €	+3.3%	2,5 M €	-7.3%	2,7 M €	+20.4%	2,2 M €	+28.9%	1,7 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	-41.2%	1,7 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

Arne Goethals

Director · since 15 avril 2025 · until 15 avril 2031

Active

Martine De Zutter

Director · since 19 juin 2021

Active

Koen Goethals

Managing director · since 05 juin 2021

Active

Ended mandates

Koen Goethals

Managing director · since 05 décembre 2021

Ended

Martine De Zutter

Director · since 05 décembre 2021

Ended

Martine De Zutter

Director · since 19 juin 2021 · until 19 juin 2027

Ended

Koen Goethals

Managing director · since 05 juin 2021 · until 05 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
International Pig Industry● Active	0407.050.897

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	09/07/2025	19/07/2024	29/08/2023	31/08/2022	29/07/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	30/08/2019	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	12/02/2018	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	20/01/2017	Dutch	PDF
Abridged model	30/06/2015	05/12/2015	04/01/2016	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	16/01/2015	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	18/02/2014	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	21/12/2012	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	23/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	23/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	14/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	19/12/2008	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	21/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

Arne Goethals

Director · since 15 avril 2025 · until 15 avril 2031

Active

Martine De Zutter

Director · since 19 juin 2021

Active

Koen Goethals

Managing director · since 05 juin 2021

Active

Ended mandates

Koen Goethals

Managing director · since 05 décembre 2021

Ended

Martine De Zutter

Director · since 05 décembre 2021

Ended

Martine De Zutter

Director · since 19 juin 2021 · until 19 juin 2027

Ended

Koen Goethals

Managing director · since 05 juin 2021 · until 05 juin 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/07/2017
KAPITAAL - AANDELEN - BOEKJAAR
PDF
Mandates25/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office25/02/2013
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025171,5 k €↑
2024
Annual accounts 202479,5 k €↓
2023
Annual accounts 2023343,4 k €↑
2022
Annual accounts 2022212,8 k €↑
2021
Annual accounts 202159 k €↑
2019
Annual accounts 201949,2 k €↑
2018
Annual accounts 201821,9 k €↓
2017
Annual accounts 2017400 k €↑
2016
Annual accounts 2016-575,4 k €↓
2015
Annual accounts 2015-316 k €↓
2014
Annual accounts 2014794,2 €↑
2013
Annual accounts 2013-227 k €↓
2012
Annual accounts 201227,1 k €↑
2011
Annual accounts 2011-352,3 k €↓
2010
Annual accounts 2010234,9 k €↑
2009
Annual accounts 20099,3 k €↑
2008
Annual accounts 2008-282,5 k €↓
2007
Annual accounts 200722,7 k €
07/01/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ALGO

Overview

What does ALGO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline