ABSTRUCT
ActiveSummary
ABSTRUCT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €142k and a net result of €13k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+4
Solvency73▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.6 in 2023; short-term debt: 50.8% and cash: 56.9% of total assets), and 52% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
57 d early
2022
59 d early
2021
45 d early
2020
50 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€142k▲ 10.2%
2023 · €129k
2018: €211k
2019: €219k▲ +4.0% vs 2018
2020: €244k▲ +11.4% vs 2019
2021: €261k▲ +7.0% vs 2020highest in 7 years
2022: €205k▼ -21.5% vs 2021
2023: €129k▼ -37.2% vs 2022lowest in 7 years
2024: €142k▲ +10.2% vs 2023
2018 → 2024
Total assets
€296k▲ 15.3%
2023 · €256k
2018: €243klowest in 7 years
2019: €272k▲ +11.8% vs 2018
2020: €297k▲ +9.2% vs 2019
2021: €332k▲ +11.6% vs 2020
2022: €342k▲ +3.1% vs 2021highest in 7 years
2023: €256k▼ -25.0% vs 2022
2024: €296k▲ +15.3% vs 2023
2018 → 2024
Net result
€13k▲ 418%
2023 · €3k
2018: €164lowest in 7 years
2019: €8k▲ +5001% vs 2018
2020: €25k▲ +199% vs 2019highest in 7 years
2021: €17k▼ -32.0% vs 2020
2022: €17k▼ -2.7% vs 2021
2023: €3k▼ -84.7% vs 2022
2024: €13k▲ +418% vs 2023
2018 → 2024
Working capital
€25k▼ 67.0%
2023 · €75k
2018: €168k
2019: €185k▲ +9.8% vs 2018
2020: €224k▲ +21.0% vs 2019highest in 7 years
2021: €209k▼ -6.6% vs 2020
2022: €157k▼ -24.7% vs 2021
2023: €75k▼ -52.1% vs 2022
2024: €25k▼ -67.0% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€244k-€261k▲ 7.0%€205k▼ 21.5%€129k▼ 37.2%€142k▲ 10.2%
2020: €244k
2021: €261k▲ +7.0% vs 2020highest in 5 years
2022: €205k▼ -21.5% vs 2021
2023: €129k▼ -37.2% vs 2022lowest in 5 years
2024: €142k▲ +10.2% vs 2023
Operating result€35k-€22k▼ 37.2%€24k▲ 8.3%€6k▼ 73.2%€22k▲ 247%
2020: €35khighest in 5 years
2021: €22k▼ -37.2% vs 2020
2022: €24k▲ +8.3% vs 2021
2023: €6k▼ -73.2% vs 2022lowest in 5 years
2024: €22k▲ +247% vs 2023
Net result€25k-€17k▼ 32.0%€17k▼ 2.7%€3k▼ 84.7%€13k▲ 418%
2020: €25khighest in 5 years
2021: €17k▼ -32.0% vs 2020
2022: €17k▼ -2.7% vs 2021
2023: €3k▼ -84.7% vs 2022lowest in 5 years
2024: €13k▲ +418% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 247% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €296k
Fixed assets
€121k ▲ 115%
Current assets
€175k ▼ 12.7%
Equity and liabilities €296k
Equity
€142k ▲ 10.2%
Debt
€154k ▲ 20.6%
Debt's share of the balance-sheet total rises from 49.7% to 52.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2023 · €28k
Cash flow
€34k▲
2023 · €24k
Current ratio
1.17▼
2023 · 1.60
Quick ratio
1.15▼
2023 · 1.58
Debt to equity
1.08▲
2023 · 0.99
ROE
9.2%▲
2023 · 2.0%
ROA
4.4%▲
2023 · 1.0%
Interest coverage
11.69▲
2023 · 10.53
Debt ≤ 1 year
€150k▲
2023 · €125k
Income taxes
€6k▲
2023 · €2k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€256k€296k▲
Fixed assets21/28€56k€121k▲
Tangible fixed assets22/27€56k€121k▲
Plant, machinery and equipment23€31k€22k▼
Furniture and vehicles24€25k€99k▲
Current assets29/58€200k€175k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€88k-
Trade receivables40€86k-
Other amounts receivable41€1k-
Cash at bank and in hand54/58€107k€168k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€256k€296k▲
Equity10/15€129k€142k▲
Contributions10/11€19k€19k=
Reserves13€104k€117k▲
Distributable reserves133€104k€117k▲
Profit (loss) carried forward14€6k€6k▲
Amounts payable17/49€127k€154k▲
Amounts payable within one year42/48€125k€150k▲
Trade debts44€3k€8k▲
Suppliers440/4€3k€8k▲
Taxes, remuneration and social security45€4k€21k▲
Taxes450/3€3k€20k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€117k€121k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€1k€992▼
Non-recurring operating charges66A€507€346▼
Gross operating margin9900€30k€45k▲
Operating profit (loss)9901€6k€22k▲
Financial income75/76B€365€281▼
Recurring financial income75€365€281▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€4k€19k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€3k€13k▲
Profit (loss) for the period to be appropriated9905€3k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€19k▲
Profit (loss) brought forward from the previous period14P€6k€6k▲
Transfer to equity691/2€3k€13k▲
To other reserves6921€3k€13k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10k | €5k | €20k | ▲ 317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €16k | €21k | €22k | €21k | ▼ 4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-24k | - | - | - | - |
| Other operating charges640/8 | - | €880 | €882 | €1k | €992 | ▼ 20.2% |
| Non-recurring operating charges66A | - | €174 | €595 | €507 | €346 | ▼ 31.9% |
| Gross operating margin9900 | €81k | €16k | €46k | €30k | €45k | ▲ 49.0% |
| Operating profit (loss)9901 | €35k | €22k | €24k | €6k | €22k | ▲ 247% |
| Financial income75/76B | - | €313 | €552 | €365 | €281 | ▼ 23.1% |
| Recurring financial income75 | €300 | €313 | €552 | €365 | €281 | ▼ 23.1% |
| Financial charges65/66B | - | €1k | €1k | €3k | €4k | ▲ 38.3% |
| Recurring financial charges65 | €1k | €1k | €1k | €3k | €4k | ▲ 38.3% |
| Profit (loss) for the period before taxes9903 | €34k | €21k | €23k | €4k | €19k | ▲ 358% |
| Income taxes67/77 | €9k | €4k | €7k | €2k | €6k | ▲ 263% |
| Profit (loss) for the period9904 | €25k | €17k | €17k | €3k | €13k | ▲ 418% |
| Profit (loss) for the period to be appropriated9905 | €25k | €17k | €17k | €3k | €13k | ▲ 418% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297k | €332k | €342k | €256k | €296k | ▲ 15.3% |
| Fixed assets21/28 | €29k | €55k | €49k | €56k | €121k | ▲ 115% |
| Tangible fixed assets22/27 | €29k | €55k | €49k | €56k | €121k | ▲ 115% |
| Plant, machinery and equipment23 | - | €45k | €43k | €31k | €22k | ▼ 28.5% |
| Furniture and vehicles24 | - | €11k | €6k | €25k | €99k | ▲ 288% |
| Current assets29/58 | €268k | €276k | €293k | €200k | €175k | ▼ 12.7% |
| Stocks and contracts in progress3 | €5k | €3k | €3k | €2k | €2k | = |
| Stocks30/36 | - | €3k | €3k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €37k | €3k | €48k | €88k | - | - |
| Trade receivables40 | - | €2k | €41k | €86k | - | - |
| Other amounts receivable41 | - | €561 | €7k | €1k | - | - |
| Cash at bank and in hand54/58 | €224k | €268k | €240k | €107k | €168k | ▲ 56.7% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €3k | €4k | ▲ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297k | €332k | €342k | €256k | €296k | ▲ 15.3% |
| Equity10/15 | €244k | €261k | €205k | €129k | €142k | ▲ 10.2% |
| Contributions10/11 | - | €97k | €97k | €19k | €19k | = |
| Reserves13 | €141k | €158k | €102k | €104k | €117k | ▲ 12.5% |
| Non-distributable reserves130/1 | - | €10k | €10k | - | - | - |
| Reserves not available under the articles1311 | - | €10k | €10k | - | - | - |
| Distributable reserves133 | - | €148k | €92k | €104k | €117k | ▲ 12.5% |
| Profit (loss) carried forward14 | €6k | €6k | €6k | €6k | €6k | ▲ 1.6% |
| Amounts payable17/49 | €53k | €70k | €137k | €127k | €154k | ▲ 20.6% |
| Amounts payable after more than one year17 | €8k | €2k | - | - | - | - |
| Financial debts170/4 | - | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €44k | €67k | €136k | €125k | €150k | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €6k | €2k | - | - | - |
| Trade debts44 | €8k | €25k | €23k | €3k | €8k | ▲ 126% |
| Suppliers440/4 | - | €25k | €23k | €3k | €8k | ▲ 126% |
| Taxes, remuneration and social security45 | - | €10k | €6k | €4k | €21k | ▲ 406% |
| Taxes450/3 | - | €9k | €5k | €3k | €20k | ▲ 593% |
| Remuneration and social security454/9 | - | €1k | €1k | €1k | €1k | = |
| Other amounts payable47/48 | - | €27k | €105k | €117k | €121k | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | €670 | €884 | €3k | €4k | ▲ 40.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €17k | €17k | €3k | €13k | ▲ 418% |
| + Depreciation and write-downs630 | €21k | €16k | €21k | €22k | €21k | ▼ 4.0% |
| Operating cash flow (approximation) | €46k | €33k | €37k | €24k | €34k | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | €-42k | €-14k | €-29k | €-85k | ▼ 195% |
| Change in cash | - | €45k | €-28k | €-132k | €61k | ▲ 146% |
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
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25k ▲199%
Operating result €35k, net result €25k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Holsbeek · 1 establishment unit since 2002
Ground area
2,540 m²
Building footprint
414 m²
Volume, LiDAR
1,709 m³
Parcel 24080D0328/00M000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ABSTRUCT
since 20022.087.253.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24080D0328/00M000 | Flanders | 2,540 m² | 1 · 414 m² | 7.9 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.
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Of 1,365 companies in sector 43110 we hold annual accounts for 635. 504 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.