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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ABB is 0.5% (low). The 2024 annual accounts show equity of €40.03M and a net result of €-45.49M. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 89 sector peers (fiscal year 2024). The company has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units
+Long track record
−Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Trust signals
2 signalsLong-established
Founded in 1969, 57 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
Turnover€219.16M+21.6%
EBIT margin1.7%+0.3pp
Net result€-45.49M
Working capital€10.01M+87.7%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 23-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~25.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 35 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 22.8% | 18.7% | |
| Net result | €-45.49M | €-12k | |
| Equity | €40.03M | €373k | |
| Total assets | €175.54M | €5.10M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P53
Improving position over 2021-2024
· n=39-89
P5
Stable position over 2021-2024
· n=38-88
P81
Improving position over 2021-2024
· n=39-89
P84
Improving position over 2021-2024
· n=39-89
Describes the position versus peers, not a forecast.
€219.16M
+21.6%
-5% vs sector
€4.37M
+44.2%
-94% vs sector
€-45.49M
-
far below sector median
€-44.94M
-
far below sector median
€175.54M
+15.3%
-85% vs sector
€40.03M
-26.1%
-87% vs sector
€10.01M
+87.7%
-87% vs sector
232
+7.3%
far above sector median
€29.80M
+22.1%
far above sector median
€1.10M
+334.1%
-75% vs sector
€131.30M
+37.9%
-85% vs sector
€95.48M
+52.2%
-10% vs sector
€30.00M
-5.0%
-96% vs sector
1.10
+1.8%
-36% vs sector
0.91
+5.0%
-45% vs sector
22.8%
-35.9%
-15% vs sector
3.28
+86.7%
+20% vs sector
-113.6%
-
far below sector median
-25.9%
-
far below sector median
-20.8%
-
far below sector median
2.0%
+18.6%
-94% vs sector
1.67
-18.4%
-55% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | €219.16M |
| EBITDA | €4.37M |
| Net profit | €-45.49M |
| Cash flow | €-44.94M |
| Staff costs | €29.80M |
| Income taxes | €1.10M |
| Dividends | - |
| Total assets | €175.54M |
| Equity | €40.03M |
| Debt | €131.30M |
| of which ≤ 1y | €95.48M |
| of which > 1y | €30.00M |
| Working capital | €10.01M |
| Employees (FTE) | 231.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.10 |
| Quick ratio | 0.91 |
| Working capital ratio | 5.7% |
| Solvency | 22.8% |
| Debt / equity | 3.28 |
| Long-term debt ratio | 0.75 |
| Interest coverage | 1.67 |
| Gross margin | 21.8% |
| Net margin | -20.8% |
| ROA | -25.9% |
| ROE | -113.6% |
| EBITDA margin | 2.0% |
| Days sales outstanding | 125d |
| Days payable outstanding | 112d |
| Inventory turnover | 9.45 |
| Days inventory (DSI) | 39d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €175.54M |
| Fixed assets | 21/28 | €70.06M |
| Intangible fixed assets | 21 | €15k |
| Tangible fixed assets | 22/27 | €4.77M |
| Financial fixed assets | 28 | €65.28M |
| Current assets | 29/58 | €105.48M |
| Stocks & contracts in progress | 3 | €18.12M |
| Amounts receivable within one year | 40/41 | €80.32M |
| Cash & bank | 54/58 | €227k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €175.54M |
| Equity | 10/15 | €40.03M |
| Contributions / capital | 10/11 | €77.72M |
| Reserves | 13 | €1.53M |
| Accumulated profits (losses) | 14 | €-39.22M |
| Provisions & deferred taxes | 16 | €4.21M |
| Amounts payable | 17/49 | €131.30M |
| Amounts payable after one year | 17 | €30.00M |
| Amounts payable within one year | 42/48 | €95.48M |
| Trade debts payable within one year | 44 | €52.74M |
| Income statement | ||
| Turnover | 70 | €219.16M |
| Operating result | 9901 | €3.82M |
| Financial income | 75 | €1.07M |
| Financial charges | 65 | €2.99M |
| Result before taxes | 9903 | €-44.39M |
| Income taxes | 67/77 | €1.10M |
| Net result for the period | 9904 | €-45.49M |
| Result to be appropriated | 9905 | €-45.49M |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed37
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
11 directorsHistoric, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2020
-
Not recently confirmedlast confirmed in an act from 2020
Former directors (9)
-
Former15-03-2023 → 01-04-2026
2 events
- 01-04-2026 Resigned· Director
- 15-03-2023 Appointed· Director
-
Former01-11-2017 → 15-03-2023
4 events
- 15-03-2023 Resigned· Managing director
- 15-03-2023 Resigned· Director
- 01-11-2017 Appointed· Director
- 01-11-2017 Appointed· Managing director
-
Former31-01-2020 → 15-03-2023
2 events
- 15-03-2023 Resigned· Director
- 31-01-2020 Appointed· Director
-
Former01-11-2015 → 31-01-2020
2 events
- 31-01-2020 Resigned· Director
- 01-11-2015 Appointed· Director
-
Former01-05-2016 → 31-01-2020
2 events
- 31-01-2020 Resigned· Director
- 01-05-2016 Appointed· Director
-
Former- → 01-11-2017
-
Former- → 08-04-2016
-
Former11-03-2015 → 26-11-2015
2 events
- 26-11-2015 Resigned· Director
- 11-03-2015 Appointed· Director
-
Former- → 11-03-2015
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Dave Minnoy |
- | 28-11-2018 → present |
| Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Eef Naessens succeeded by KPMG Réviseurs d'Entreprises in 2018 |
- | 04-04-2017 → 28-11-2018 |
| Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by Eef Naessens |
- | 28-11-2018 → 28-11-2018 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Transmissie van elektriciteit(35130) |
| Legal form | Public limited company(014) |
| Incorporation | 21-05-1969 |
| Status | Active |
| Postal code | 1831 |
Structure & network
Connections & network
13 connected companiesGroup structure
Parent · 926 subsidiaries · 5 locations
Control→
Parent · 419 subsidiaries · 7 locations
Control→
Network connections
Shared director
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Shared director
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Shared director
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
10 locationsABB
since 19512.102.058.789
ABB
since 20032.217.177.894
AAB
since 20242.354.671.733
ABB
since 20242.354.671.832
ABB
since 20242.354.671.931
ABB
since 20242.354.672.030
ABB
since 20242.354.672.129
ABB
since 20242.358.925.281
ABB
since 20242.368.706.940
ABB
since 20252.386.690.839
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels10
Ground area25.5 ha
Buildings9
Building footprint18.3 ha
Volume (LiDAR)200,112 m³
Tallest building34.0 m · ±9 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
9
(90%)
Brussels
1
(10%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006A0919/00B000 | Flanders | 15.1 ha | 1 · 15.3 ha | - |
| 44043A0411/00H000 | Flanders | 3.0 ha | 1 · 606 m² | 21.6 m · 7 fl. |
| 23015B0163/00D003 | Flanders | 2.7 ha | 1 · 9,977 m² | - |
| 23047A0556/00A000 | Flanders | 1.2 ha | - | - |
| 23057C0027/00D000 | Flanders | 9,984 m² | 1 · 5,047 m² | 12.4 m · 3 fl. |
| 11817F0633/04_000 | Flanders | 8,955 m² | 1 · 8,956 m² | 10.6 m · 3 fl. |
| 23035A0119/00L000 | Flanders | 8,203 m² | 1 · 1,699 m² | 32.0 m · 2 fl. |
| 23066A0015/00S002 | Flanders | 5,293 m² | 1 · 3,245 m² | 11.0 m · 3 fl. |
| 21805E0462/00V002 | Brussels | 1,204 m² | 1 · 920 m² | 34.0 m · 9 fl. |
| 11808H1236/00R003 | Flanders | 819 m² | 1 · 236 m² | 28.3 m · 8 fl. |
Methodology
via registered seat: 1 · via establishment units: 9
10 of 10 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
33 acts Capital history · 6
24-12-2025
v3.2
02-01-2025
v3.2
10-02-2023
v3.2
29-11-2019
v3.2
29-11-2019
v3.2
04-03-2019
v3.2
Address history · 1
11-12-2024
v3.2
All acts · 33
updated 3 months ago
2026
17-04-2026 Articles of association amended
Summary:
v3.2
09-04-2026 Act object · Officer resignation · Approval · Power of attorney
- Act object: Ontslag van een bestuurder · AВB
- Filing: 2026-04-01 · AВB
- Publication: 2026-04-09 · AВB
- Officer resignation: role: bestuurder, effective_date: 2026-04-01 · Peter Van Den Heede
- Approval: date: 2026-03-27, decision: aanvaarding van het ontslag · AВB
- Power of attorney: scope: alle handelingen te verrichten die noodzakelijk of nuttig zouden kunnen zijn voor de vervulling van de formaliteiten · Felix Dobbelaere
- Power of attorney: scope: alle handelingen te verrichten die noodzakelijk of nuttig zouden kunnen zijn voor de vervulling van de formaliteiten · Miel Dhuyvetter
- Power of attorney: scope: alle handelingen te verrichten die noodzakelijk of nuttig zouden kunnen zijn voor de vervulling van de formaliteiten · Silke De Greef
Summary:
Act object · Officer resignation · Approval · Power of attorney
2025
24-12-2025 Transaction in capital or shares
Summary:
v3.2
08-10-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Tim CARNEWAL · Brussel
02-01-2025 Capital increase of €30,000,000 to €34,000,029.63
2024
11-12-2024 Registered office moved from Zaventem to Diegem
25-10-2024 Dave Minnoy reappointed as statutory auditor
18-06-2024 Change in the board of directors
Summary:
v3.2
2023
13-04-2023 1 director appointed, 3 resigning
- Peter Van Den Heede, Bestuurder
- Johan Pauwels, Bestuurder
- Johan Pauwels, Gedelegeerd bestuurder
- Pekka Tiitinen, Bestuurder
Summary:
v3.2
10-02-2023 Capital increase of €29.63 to €4,000,029.63
2022
27-10-2022 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Tim CARNEWAL · BrusselFirm:
BERQUIN NOTARISSEN
11-07-2022 Olivier Declercq reappointed as statutory auditor
10-01-2022 Articles of association amended
Summary:
v3.2
2021
30-07-2021 Articles of association amended
Summary:
v3.2
03-05-2021 Articles of association amended
Summary:
v3.2
2020
05-11-2020 Change in the board of directors
Summary:
v3.2
05-11-2020 Change in the board of directors
Summary:
v3.2
28-02-2020 3 directors appointed, 2 resigning
- Ties Verbruggen, Bestuurder
- Pekka Tiitinen, Bestuurder
- Natasha Ghafoerkhan, Bestuurder
- Stephan Husi, Bestuurder
- Jacques Mulbert, Bestuurder
Summary:
v3.2
28-02-2020 3 directors appointed, 2 resigning
- Ties Verbruggen, Bestuurder
- Pekka Tiitinen, Bestuurder
- Natasha Ghafoerkhan, Bestuurder
- Stephan Husi, Bestuurder
- Jacques Mulbert, Bestuurder
Summary:
v3.2
2019
29-11-2019 Capital decrease of €8,982,107.98 to €34,307,892.02
First 20 of 33 acts
Analysis
Snowflake analysis
financial profile on 5 axes47
/ 100
Mixed profile: strong on stability, weaker on profitability.
Health
37
Profitability
3
Solvency
36
Growth
58
Stability
100
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Primary activity highlighted.
Names & trade names
| Legal nameNL | ABB |
Registered office
Culliganlaan 3B bus 101
1831 Machelen (Brab.), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.