ABELOG
ActiveSummary
ABELOG has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €550k and a net result of €77k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency72▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.44 in 2024; short-term debt: 29.4% and cash: 31.4% of total assets), but 52.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
47.3%
Return on assets
6.6%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
19 d early
2023
24 d early
2022
29 d early
2021
29 d early
2020
35 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77k▲ 12.0%
2024 · €68k
2018: €14k
2019: €3k▼ -81.1% vs 2018lowest in 8 years
2020: €127k▲ +4659% vs 2019highest in 8 years
2021: €48k▼ -62.2% vs 2020
2022: €73k▲ +52.6% vs 2021
2023: €49k▼ -32.8% vs 2022
2024: €68k▲ +39.2% vs 2023
2025: €77k▲ +12.0% vs 2024
2018 → 2025
Working capital
€272k▲ 55.7%
2024 · €175k
2018: €66k
2019: €35k▼ -46.8% vs 2018
2020: €-54k▼ -253% vs 2019lowest in 8 years
2021: €-35k▲ +34.5% vs 2020
2022: €41k▲ +216% vs 2021
2023: €77k▲ +88.6% vs 2022
2024: €175k▲ +126% vs 2023
2025: €272k▲ +55.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€283k-€356k▲ 25.8%€405k▲ 13.8%€474k▲ 16.9%€550k▲ 16.2%
2021: €283klowest in 5 years
2022: €356k▲ +25.8% vs 2021
2023: €405k▲ +13.8% vs 2022
2024: €474k▲ +16.9% vs 2023
2025: €550k▲ +16.2% vs 2024highest in 5 years
Operating result€69k-€88k▲ 27.1%€85k▼ 3.8%€103k▲ 21.7%€98k▼ 5.2%
2021: €69klowest in 5 years
2022: €88k▲ +27.1% vs 2021
2023: €85k▼ -3.8% vs 2022
2024: €103k▲ +21.7% vs 2023highest in 5 years
2025: €98k▼ -5.2% vs 2024
Net result€48k-€73k▲ 52.6%€49k▼ 32.8%€68k▲ 39.2%€77k▲ 12.0%
2021: €48klowest in 5 years
2022: €73k▲ +52.6% vs 2021
2023: €49k▼ -32.8% vs 2022
2024: €68k▲ +39.2% vs 2023
2025: €77k▲ +12.0% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€550k ▼ 12.5%
Current assets
€614k ▲ 8.0%
Equity and liabilities €1.16M
Equity
€550k ▲ 16.2%
Debt
€613k ▼ 15.2%
Debt's share of the balance-sheet total falls from 60.4% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€184k▼
2024 · €190k
Cash flow
€162k▲
2024 · €155k
Current ratio
1.80▲
2024 · 1.44
Quick ratio
1.45▲
2024 · 1.12
Debt to equity
1.11▼
2024 · 1.52
ROE
13.9%▼
2024 · 14.4%
ROA
6.6%▲
2024 · 5.7%
Interest coverage
21.88▲
2024 · 19.69
Debt ≤ 1 year
€342k▼
2024 · €393k
Debt > 1 year
€271k▼
2024 · €329k
Income taxes
€14k▼
2024 · €35k
Staff costs
€154k▲
2024 · €152k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.16M▼
Fixed assets21/28€628k€550k▼
Intangible fixed assets21€51k€45k▼
Tangible fixed assets22/27€576k€504k▼
Land and buildings22€442k€407k▼
Plant, machinery and equipment23€1k€1k=
Furniture and vehicles24€850€3k▲
Leasing and similar rights25€99k€63k▼
Other tangible fixed assets26€33k€29k▼
Financial fixed assets28€545€545=
Current assets29/58€568k€614k▲
Stocks and contracts in progress3€126k€119k▼
Stocks30/36€126k€119k▼
Amounts receivable within one year40/41€156k€129k▼
Trade receivables40€153k€128k▼
Other amounts receivable41€3k€870▼
Cash at bank and in hand54/58€286k€366k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.16M▼
Equity10/15€474k€550k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€409k€485k▲
Amounts payable17/49€722k€613k▼
Amounts payable after more than one year17€329k€271k▼
Financial debts170/4€329k€271k▼
Amounts payable within one year42/48€393k€342k▼
Current portion of amounts payable after more than one year42€56k€58k▲
Trade debts44€223k€164k▼
Suppliers440/4€223k€164k▼
Taxes, remuneration and social security45€61k€67k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€60k€64k▲
Other amounts payable47/48€53k€53k▲
Accrued charges and deferred income492/3€1-
Income statement
Code20242025
Remuneration, social security and pensions62€152k€154k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€86k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€351k€347k▼
Operating profit (loss)9901€103k€98k▼
Financial income75/76B€10k€914▼
Recurring financial income75€10k€914▼
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€103k€90k▼
Income taxes67/77€35k€14k▼
Profit (loss) for the period9904€68k€77k▲
Profit (loss) for the period to be appropriated9905€68k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€409k€485k▲
Profit (loss) brought forward from the previous period14P€340k€409k▲
Social balance
Average headcount (FTE)90873.43.4=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €97k | €134k | €156k | €152k | €154k | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €70k | €91k | €87k | €86k | ▼ 1.3% |
| Other operating charges640/8 | €8k | €8k | €12k | €9k | €10k | ▲ 14.3% |
| Gross operating margin9900 | €233k | €300k | €344k | €351k | €347k | ▼ 1.0% |
| Operating profit (loss)9901 | €69k | €88k | €85k | €103k | €98k | ▼ 5.2% |
| Financial income75/76B | €3k | €18k | €15k | €10k | €914 | ▼ 90.6% |
| Recurring financial income75 | €3k | €18k | €15k | €10k | €914 | ▼ 90.6% |
| Financial charges65/66B | €11k | €10k | €10k | €10k | €8k | ▼ 13.1% |
| Recurring financial charges65 | €11k | €10k | €10k | €10k | €8k | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €61k | €96k | €90k | €103k | €90k | ▼ 12.5% |
| Income taxes67/77 | €13k | €23k | €41k | €35k | €14k | ▼ 60.3% |
| Profit (loss) for the period9904 | €48k | €73k | €49k | €68k | €77k | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €48k | €73k | €49k | €68k | €77k | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €973k | €1.06M | €1.15M | €1.20M | €1.16M | ▼ 2.7% |
| Fixed assets21/28 | €670k | €663k | €713k | €628k | €550k | ▼ 12.5% |
| Intangible fixed assets21 | €69k | €63k | €57k | €51k | €45k | ▼ 11.6% |
| Tangible fixed assets22/27 | €601k | €599k | €656k | €576k | €504k | ▼ 12.6% |
| Land and buildings22 | €546k | €511k | €477k | €442k | €407k | ▼ 7.8% |
| Plant, machinery and equipment23 | €9k | €5k | €3k | €1k | €1k | = |
| Furniture and vehicles24 | €6k | €4k | €2k | €850 | €3k | ▲ 250% |
| Leasing and similar rights25 | €6k | €36k | €135k | €99k | €63k | ▼ 36.3% |
| Other tangible fixed assets26 | €33k | €44k | €40k | €33k | €29k | ▼ 12.2% |
| Financial fixed assets28 | €545 | €545 | €545 | €545 | €545 | = |
| Current assets29/58 | €303k | €398k | €441k | €568k | €614k | ▲ 8.0% |
| Stocks and contracts in progress3 | €106k | €130k | €143k | €126k | €119k | ▼ 5.0% |
| Stocks30/36 | €106k | €130k | €143k | €126k | €119k | ▼ 5.0% |
| Amounts receivable within one year40/41 | €87k | €101k | €129k | €156k | €129k | ▼ 17.7% |
| Trade receivables40 | €84k | €98k | €128k | €153k | €128k | ▼ 16.6% |
| Other amounts receivable41 | €3k | €3k | €1k | €3k | €870 | ▼ 73.0% |
| Cash at bank and in hand54/58 | €110k | €168k | €169k | €286k | €366k | ▲ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €973k | €1.06M | €1.15M | €1.20M | €1.16M | ▼ 2.7% |
| Equity10/15 | €283k | €356k | €405k | €474k | €550k | ▲ 16.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €218k | €291k | €340k | €409k | €485k | ▲ 18.7% |
| Amounts payable17/49 | €689k | €704k | €749k | €722k | €613k | ▼ 15.2% |
| Amounts payable after more than one year17 | €352k | €347k | €385k | €329k | €271k | ▼ 17.6% |
| Financial debts170/4 | €352k | €347k | €385k | €329k | €271k | ▼ 17.6% |
| Amounts payable within one year42/48 | €338k | €357k | €364k | €393k | €342k | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | €72k | €35k | €55k | €56k | €58k | ▲ 2.3% |
| Trade debts44 | €154k | €202k | €194k | €223k | €164k | ▼ 26.5% |
| Suppliers440/4 | €154k | €202k | €194k | €223k | €164k | ▼ 26.5% |
| Taxes, remuneration and social security45 | €55k | €62k | €63k | €61k | €67k | ▲ 9.6% |
| Taxes450/3 | €2k | €3k | €1k | €2k | €3k | ▲ 113% |
| Remuneration and social security454/9 | €53k | €59k | €61k | €60k | €64k | ▲ 6.8% |
| Other amounts payable47/48 | €56k | €59k | €52k | €53k | €53k | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €73k | €49k | €68k | €77k | ▲ 12.0% |
| + Depreciation and write-downs630 | €58k | €70k | €91k | €87k | €86k | ▼ 1.3% |
| Operating cash flow (approximation) | €106k | €143k | €140k | €155k | €162k | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €-62k | €-142k | €-1k | €-7k | ▼ 471% |
| Change in cash | - | €58k | €1k | €117k | €80k | ▼ 32.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500kEq €550k ▲16.2%
8 profitable years in a row build equity to €550k.
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €127k ▲4,659%
Net result €127k, the highest in the series.
31-12
Financial
Equity above €200kEq €235k ▲116%
3 profitable years in a row build equity to €235k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼81.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1992
Ground area
722 m²
Building footprint
680 m²
Volume, LiDAR
2,688 m³
Parcel 21305C0253/00M009, Brussels · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Elektriciteitsstraat 20, 1070 Anderlecht
since 19922.056.184.224
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0253/00M009 | Brussels | 722 m² | 1 · 680 m² | 11.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.056.184.224
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Of 12,957 companies in sector 47120 we hold annual accounts for 2,190. 1,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
46492Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.