AB AUTOMOTIVE
ActiveSummary
AB AUTOMOTIVE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.69M and a net result of €-430k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-4
Solvency37▲+4
Growth62▲+8
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 0.99 in 2024; short-term debt: 88.3% and cash: 11.8% of total assets), and 88.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.5%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4157 sector peers (2025).
NBB · sector comparisonPosition among 4157 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
1 d early
2022
20 d late
2021
12 d early
2020
25 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€98.24M▲ 71.0%
2024 · €57.46M
2019: €40.39M
2020: €46.27M
2021: €45.27M
2022: €38.84M
2023: €53.52M
2024: €57.46M
2019 → 2025
EBIT margin
1.2%▼ 1.3pp
2024 · 2.5%
2019: 1.3%
2020: 1.2%
2021: 0.3%
2022: 0.9%
2023: 1.8%
2024: 2.5%
2019 → 2025
Net result
€-430k
2024 · €74k
2019: €150k
2020: €6k
2021: €-248k
2022: €59k
2023: €202k
2024: €74k
2019 → 2025
Working capital
€746k
2024 · €-164k
2019: €222k
2020: €86k
2021: €-259k
2022: €-363k
2023: €-196k
2024: €-164k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€45.27M-€38.84M▼ 14.2%€53.52M▲ 37.8%€57.46M▲ 7.4%€98.24M▲ 71.0%
Equity€1.54M-€1.60M▲ 3.9%€1.81M▲ 12.6%€2.61M▲ 44.8%€3.69M▲ 40.9%
Operating result€124k-€360k▲ 189%€963k▲ 168%€1.45M▲ 50.3%€1.20M▼ 17.2%
Net result€-248k-€59k€202k▲ 240%€74k▼ 63.4%€-430k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.99M
Fixed assets
€3.01M ▼ 6.9%
Current assets
€28.98M ▲ 1.7%
Equity and liabilities €31.99M
Equity
€3.69M ▲ 40.9%
Debt
€28.30M ▼ 2.8%
Debt's share of the balance-sheet total falls from 91.8% to 88.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.56M▼
2024 · €1.69M
Cash flow
€-68k▼
2024 · €317k
Current ratio
1.03▲
2024 · 0.99
Quick ratio
0.42▲
2024 · 0.38
Debt to equity
7.68▼
2024 · 11.13
ROE
-11.7%▼
2024 · 2.8%
ROA
-1.3%▼
2024 · 0.2%
Interest coverage
1.04▼
2024 · 1.29
Debt ≤ 1 year
€28.23M▼
2024 · €28.66M
Debt > 1 year
€49k▼
2024 · €429k
Income taxes
€7k▲
2024 · €4k
Staff costs
€3.68M▲
2024 · €2.75M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31.72M€31.99M▲
Fixed assets21/28€3.23M€3.01M▼
Intangible fixed assets21€25k€25k=
Tangible fixed assets22/27€3.19M€2.96M▼
Land and buildings22€2.99M€2.78M▼
Plant, machinery and equipment23€139k€142k▲
Furniture and vehicles24€60k€40k▼
Financial fixed assets28€19k€23k▲
Other financial fixed assets284/8€19k€23k▲
Amounts receivable and cash guarantees285/8€19k€23k▲
Current assets29/58€28.49M€28.98M▲
Stocks and contracts in progress3€17.48M€17.12M▼
Stocks30/36€17.48M€17.12M▼
Goods purchased for resale34€17.48M€17.12M▼
Amounts receivable within one year40/41€9.27M€7.85M▼
Trade receivables40€7.98M€7.14M▼
Other amounts receivable41€1.28M€713k▼
Cash at bank and in hand54/58€1.47M€3.78M▲
Deferred charges and accrued income490/1€278k€220k▼
Equity and liabilities
Total equity and liabilities10/49€31.72M€31.99M▲
Equity10/15€2.61M€3.69M▲
Contributions10/11€909k€2.41M▲
Capital10€909k€2.41M▲
Issued capital100€909k€2.41M▲
Revaluation surpluses12€735k€735k=
Reserves13€971k€541k▼
Non-distributable reserves130/1€91k€91k=
Legal reserve130€91k€91k=
Distributable reserves133€880k€450k▼
Amounts payable17/49€29.11M€28.30M▼
Amounts payable after more than one year17€429k€49k▼
Financial debts170/4€429k€49k▼
Credit institutions173€429k€49k▼
Amounts payable within one year42/48€28.66M€28.23M▼
Current portion of amounts payable after more than one year42€459k€475k▲
Financial debts43€4.65M€5.59M▲
Credit institutions430/8€4.65M€5.59M▲
Trade debts44€22.78M€21.11M▼
Suppliers440/4€22.78M€21.11M▼
Advances received on contracts in progress46€509k€79k▼
Taxes, remuneration and social security45€255k€480k▲
Taxes450/3€57k€71k▲
Remuneration and social security454/9€197k€408k▲
Other amounts payable47/48-€502k
Accrued charges and deferred income492/3€24k€21k▼
Income statement
Code20242025
Operating income70/76A€58.33M€100.03M▲
Turnover70€57.46M€98.24M▲
Other operating income74€802k€1.78M▲
Non-recurring operating income76A€67k€440▼
Operating charges60/66A€56.88M€98.83M▲
Goods for resale, raw materials and consumables60€48.02M€86.14M▲
Purchases600/8€46.90M€85.79M▲
Change in stocks: decrease (increase)609€1.11M€356k▼
Services and other goods61€4.93M€7.77M▲
Remuneration, social security and pensions62€2.75M€3.68M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€243k€362k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-56k-
Other operating charges640/8€353k€518k▲
Non-recurring operating charges66A€649k€353k▼
Operating profit (loss)9901€1.45M€1.20M▼
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Income from current assets751€2k-
Other financial income752/9€4k€1k▼
Financial charges65/66B€1.37M€1.62M▲
Recurring financial charges65€1.37M€1.62M▲
Debt charges650€1.31M€1.50M▲
Other financial charges652/9€63k€122k▲
Profit (loss) for the period before taxes9903€79k€-423k▼
Income taxes67/77€4k€7k▲
Taxes670/3€4k€7k▲
Profit (loss) for the period9904€74k€-430k▼
Profit (loss) for the period to be appropriated9905€74k€-430k▼
Appropriation of the result
Profit (loss) to be appropriated9906€880k€-430k▼
Profit (loss) brought forward from the previous period14P€806k-
Transfer from equity791/2-€430k
From reserves792-€430k
Transfer to equity691/2€880k-
To other reserves6921€880k-
Social balance
Average headcount (FTE)908740.532.3▼
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-03
State Gazette act
Resignation: Benedictus De Groof (managing director)Appointment: ADV Automotive Group (managing director) · Permanent representative: Benedictus De Groof4 facts ▸
State Gazette act
Resignation: Benedictus De Groof (managing director)
Appointment: ADV Automotive Group (managing director) · Permanent representative: Benedictus De Groof4 facts ▸
- Board meeting, 24 februari 2026
- Director resignation, Benedictus De Groof (managing director)
- Director appointment, ADV Automotive Group (managing director)
- Permanent representative, Benedictus De Groof
2025
31-12
Financial
Weakest financial yearnet €-430k ▼680%
Net result drops to €-430k, the lowest in the series.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Equity above €2MEq €2.61M ▲44.8%
3 profitable years in a row build equity to €2.61M.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2019net €202k ▲240%
Net result €202k, the highest in the series.
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 20 days late
2022
30-06
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
ADV Automotive Group
CurrentManaging director · since 24-02-2026 · Legal entity · perm. rep.: Benedictus De Groof
24-02-2026
ADV Automotive Group: Appointed as Managing director
24-02-2026
Benedictus De Groof: Resigned as Managing director
Location & real-estate footprint
Registered office, Vilvoorde · 4 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 2951800 VilvoordeGround area
12.4 ha
Building footprint
5.7 ha
Volume, LiDAR
756,218 m³
4 parcels, Brussels, Flanders · tallest building 30.4 m, ±6 floors. Linked by address, not a title deed.
4 establishment units
AB Automotive
since 20102.187.482.632
AB Smartlab
since 20222.326.540.446
AB Automotive CDC
since 20222.326.540.545
AB Automotive Brussel
since 20222.326.540.644
4 parcels
Flanders
2
(50%)
Brussels
2
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644I0371/00F003 | Flanders | 7.7 ha | 1 · 3.1 ha | 27.6 m · 3 fl. |
| 21813F0608/00M000 | Brussels | 4.0 ha | 1 · 2.1 ha | 30.4 m · 6 fl. |
| 21911C0113/00C002 | Brussels | 4,043 m² | 1 · 2,185 m² | 17.2 m · 2 fl. |
| 23643E0153/00K002 | Flanders | 2,545 m² | 1 · 2,630 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 682 EUR awarded · 682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 303 EUR |
| 2023 | 1 | 303 EUR | 135 EUR |
| 2022 | 1 | 379 EUR | 244 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedAutotechnieken duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Show 1 ended approval
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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RUTTEN DIEST
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DELBECQ
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Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 1,784 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.