ABSTRACTION
ActiveSummary
ABSTRACTION has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-23k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 8% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-7
Solvency17▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.39 against 6.72 in 2024; short-term debt: 7.3% and cash: 35.8% of total assets), but equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-7.8%
Return on assets
-20.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-9k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
4 d early
2022
6 d early
2021
2 d early
2020
1 d early
2019
1 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k
2024 · €14k
2018: €-30k
2019: €-19k
2020: €-16k
2021: €-14k
2022: €-7k
2023: €27k
2024: €14k
2018 → 2025
Total assets
€109k▼ 16.2%
2024 · €130k
2018: €24k
2019: €31k
2020: €29k
2021: €33k
2022: €47k
2023: €99k
2024: €130k
2018 → 2025
Net result
€-23k▼ 77.3%
2024 · €-13k
2018: €5k
2019: €11k
2020: €3k
2021: €2k
2022: €6k
2023: €34k
2024: €-13k
2018 → 2025
Working capital
€51k▼ 11.0%
2024 · €57k
2018: €21k
2019: €27k
2020: €27k
2021: €30k
2022: €37k
2023: €87k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€-7k▲ 46.6%€27k€14k▼ 47.6%€-9k
Operating result€2k-€7k▲ 272%€35k▲ 404%€-11k€-21k▼ 89.6%
Net result€2k-€6k▲ 293%€34k▲ 426%€-13k€-23k▼ 77.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€50k ▼ 20.3%
Current assets
€59k ▼ 12.3%
Key figures and ratios
EBITDA
€-7k▼
2024 · €-4k
Cash flow
€-8k▼
2024 · €-5k
Solvency
-7.8%▼
2024 · 10.8%
Current ratio
7.39▲
2024 · 6.72
Quick ratio
5.25▲
2024 · 5.11
Debt to equity
-13.75▼
2024 · 8.27
ROA
-20.7%▼
2024 · -9.8%
Interest coverage
-6.08▼
2024 · -2.55
Debt
€117k▲
2024 · €116k
Debt ≤ 1 year
€8k▼
2024 · €10k
Debt > 1 year
€109k▲
2024 · €106k
Income taxes
€294▲
2024 · €155
Staff costs
€44k▼
2024 · €44k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€130k€109k▼
Fixed assets21/28€63k€50k▼
Tangible fixed assets22/27€62k€50k▼
Plant, machinery and equipment23€134€1k▲
Furniture and vehicles24€62k€48k▼
Financial fixed assets28€250€250=
Current assets29/58€67k€59k▼
Stocks and contracts in progress3€16k€17k▲
Stocks30/36€16k€17k▲
Amounts receivable within one year40/41€14k€1k▼
Trade receivables40€11k€825▼
Other amounts receivable41€3k€193▼
Cash at bank and in hand54/58€35k€39k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€130k€109k▼
Equity10/15€14k€-9k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-233€-23k▼
Amounts payable17/49€116k€117k▲
Amounts payable after more than one year17€106k€109k▲
Financial debts170/4€106k€109k▲
Amounts payable within one year42/48€10k€8k▼
Financial debts43-€160
Credit institutions430/8-€160
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€155€1k▲
Remuneration and social security454/9€4k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€44k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€41k€38k▼
Operating profit (loss)9901€-11k€-21k▼
Financial income75/76B€0€33▲
Recurring financial income75€0€33▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-13k€-22k▼
Income taxes67/77€155€294▲
Profit (loss) for the period9904€-13k€-23k▼
Profit (loss) for the period to be appropriated9905€-13k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-233€-23k▼
Profit (loss) brought forward from the previous period14P€12k€-233▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €34k ▲426%
Operating result €35k, net result €34k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 26.71
Current ratio from 9.03 to 26.71; short-term debt falls from €3k to €1k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Turnhout · 2 establishment units since 1979
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.
Beemdenstraat 282300 TurnhoutGround area
1,077 m²
Building footprint
281 m²
Volume, LiDAR
681 m³
2 parcels, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Abstraction
since 19792.016.551.014
Schoenmakerij Rapid
since 20222.329.803.309
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0298/00D000 | Flanders | 946 m² | 1 · 150 m² | 1.3 m |
| 13453T0384/00K000 | Flanders | 131 m² | 1 · 131 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 · 1 entry · 66 EUR awarded · 66 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 66 EUR | 66 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,117 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 formPrivate limited company
Founded20-06-1979
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
95230Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.