Financials
- Financial year
- 2024
- Turnover
- €10.6m
- Loss
- -€7.4m
- Solvency
- -17.4%
Turnover▼ 1.7%
Net result
20182024
ABELAG HANDLING
ActiveSummary
The computed 12-month bankruptcy probability of ABELAG HANDLING is 6.3% (elevated). The 2024 annual accounts show negative equity (-€1.9m) and a net result of -€7.4m. Equity is growing by about 8.5% per year across the filed financial years. Its solvency ranks better than 6% of 729 sector peers (NACE 52, financial year 2024). The company has been active since 1964 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Warehousing and support activities for transportation
NACE 52230Air transport NACE 51100
2nd oldest company in Zaventem, Transport and storage sector1 site
Size
€10.6mturnover 2024
- Staff
- 29.5 FTE
- Equity
- -€1.9m
- Loss
- -€7.4m
Structure
- Parent
- The FBO Company SA · 100%
- Holdings
- 2
- ABELAG HOLDINGChair · permanent representative Ward BONDUEL
- BetaDirector · permanent representative Bernard DUWYN
Auditor: KPMG Bedrijfsrevisoren BV2025 accounts not filed, 91 days past the deadline5 of 24 deeds summarised
Why 34raises risk1 financial year not filed after the legal deadline; last filed accounts filed 281 days late; 1 of the last 3 lateLoss of €7.4m (financial year 2024)Negative equity -€1.9mlowers riskFigures for financial year 2024 (filed 08-05-2026)Show the evidence
Checked score
Score 2024
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 23% of its sector peers (NACE 52, small)
Financial strength · tick = 2023
Weak
Solvency
8-81
equity -17.4% of total assets
Liquidity
47-6
short-term debt 22.3% · cash 3.5%
Profitability
29-44
return on assets -69.3%
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.6%▲ +0.1 percentage points vs 10-2025
12-2025: 0.7%▲ +0.1 percentage points vs 11-2025
01-2026: 1.3%▲ +0.6 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.2%▼ -0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 8.2%▲ +7.0 percentage points vs 05-2026highest value
07-2026: 8.2%● unchanged vs 06-2026
08-2026: 7.4%▼ -0.8 percentage points vs 07-2026
09-2026: 7.2%▼ -0.2 percentage points vs 08-2026
10-2026: 6.3%▼ -0.9 percentage points vs 09-2026
No credit on open account
Liquidity ample (current ratio 2.82, compared with 4.13 in 2023, above the usual 1.5; short-term debt: 22.3% and cash: 3.5% of total assets), but equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, small): better than 5% on solvency, 50% on liquidity, 18% on profitability and 20% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.9m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 91 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline30-10-2026 today
raises risk · 2024 accounts filed 281 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-05-2026, 281 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
281 days late
2023
1 day early
2022
12 days early
2021
5 days early
2020
4 days early
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 64 days after the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Resignations & appointments · MiscellaneousPower of attorney
- Capital & sharesCapital increase · Auditor report…
- Resignation: Michel TOHANE NUNEZ (director)Reappointments: ABELAG HOLDING (director) and…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€1.9m View
- Risk: 2025 accounts not fileddeadline was 31-07-2026 91 days past the deadline View
- Caution: From profit to loss in 2024after €510,818 in 2023 -€7.4m View
- Caution: Among the weakest 5% on net resultsector median €123,763 · 729 companies -€7.4m View
- Controlled by The FBO Company SAultimately: LUXAVIATION HOLDING COMPANY 100% View
- Board changedlatest change 09-06-2026 · 2 in office 1 joined · 1 left View
- Active since 1964founded 18-02-1964 62 years View
By topic
Board & ownership
- Board
- 2 members
- Parent
- The FBO Company SA · 100%
- Auditor
- KPMG Bedrijfsrevisoren BV
- ABELAG HOLDINGChair
- BetaDirector
Network & group
- Group
- LUXAVIATION HOLDING COMPANY
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 57
- Since
- 1978
- 08-05-2026Annual accounts filed
- 31-12-2024Weakest financial year
- 26-09-2024Appointment: Michel Tohane Nunez (additional director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Warehousing and support activities for transportationNACE 52230
- Founded
- 18-02-1964
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 14
- Annual meeting
- Last Tuesday of May at 15:00
- Purpose
- “Het verwerven,besturen,verhuren,exploiteren,onderhouden en de bijstand in de lucht en op…” (deed in Dutch)
Key facts about ABELAG HANDLING
- What is the company number of ABELAG HANDLING?
- 0400.366.114. In Belgium the VAT number is the company number with BE in front: BE 0400.366.114.
- Where is ABELAG HANDLING based?
- The registered office is at Luchthaven Brussel Nationaal ZN, 1930 Zaventem.Company details
- What does ABELAG HANDLING do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52230).
- What is the legal form of ABELAG HANDLING?
- Public limited company (NV).
- When was ABELAG HANDLING founded?
- On 18-02-1964.
- Is ABELAG HANDLING still active?
- Yes, ABELAG HANDLING is an active enterprise in the KBO register.
- How many employees does ABELAG HANDLING have?
- On average 29.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ABELAG HANDLING?
- €10.6m in financial year 2024, according to the filed annual accounts.
- Is ABELAG HANDLING profitable?
- In financial year 2024, ABELAG HANDLING made a loss of €7.4m.
- Where can I find the annual accounts of ABELAG HANDLING?
- ABELAG HANDLING filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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