A.B.A.D.
ActiveSummary
A.B.A.D. has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,258 and a net result of €7,934. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 9743 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 45211
#3 oldest company in Merksplas, Professional and technical services sector1 site
How big
€799,426total assets 2025
- Equity
- €185,258
- Profit
- €7,934
Turnover not published (abridged schema)
Who decides
Accounts 30 d early0 of 4 deeds read
Why 65- Weak solvency vs sector+ Lower-failure-rate sector+ Long track record+ Lower-risk legal form+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+6
Solvency48▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.2 in 2024; short-term debt: 59.6% of total assets), and 76.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
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
23.2%
Return on assets
1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9743 sector peers (2025).
NBB · sector comparisonPosition among 9743 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
40 d early
2022
41 d early
2021
30 d early
2020
28 d early
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €799,426Profit €7,934Solvency 23.2%Liquidity 0.44
Total assets
€799,426▲ 15.3%
2019 - 2025
Net result
€7,934▼ 66.2%
2019 - 2025
Equity
€185,258▲ 4.5%
2019 - 2025
Solvency
23.2%▼ 2.4pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,588▲ 198%€45,590▲ 65.3%€27,269▼ 40.2%€42,583▲ 56.2%€10,545▼ 75.2%
Net result€12,192within the sector's middle half▲ 1,659%€23,627within the sector's middle half▲ 93.8%€7,324within the sector's middle half▼ 69.0%€23,458within the sector's middle half▲ 220%€7,934within the sector's middle half▼ 66.2%
Equity€122,915within the sector's middle half▲ 11.0%€146,542within the sector's middle half▲ 19.2%€153,866within the sector's middle half▲ 5.0%€177,324above the sector's middle half▲ 15.2%€185,258above the sector's middle half▲ 4.5%
Total assets€668,047above the sector's middle half▲ 37.1%€673,157above the sector's middle half▲ 0.8%€685,396above the sector's middle half▲ 1.8%€693,389above the sector's middle half▲ 1.2%€799,426above the sector's middle half▲ 15.3%
Debt€545,132▲ 44.8%€526,615▼ 3.4%€531,530▲ 0.9%€516,065▼ 2.9%€614,168▲ 19.0%
Working capital-€79,705below the sector's middle half▲ 65.7%-€393,747below the sector's middle half▼ 394%-€398,664below the sector's middle half▼ 1.2%-€385,782below the sector's middle half▲ 3.2%-€267,188below the sector's middle half▲ 30.7%
Solvency18.4%below the sector's middle half▼ 4.3pp21.8%below the sector's middle half▲ 3.4pp22.4%below the sector's middle half▲ 0.7pp25.6%below the sector's middle half▲ 3.1pp23.2%below the sector's middle half▼ 2.4pp
Current ratio0.79below the sector's middle half▲ 0.430.12below the sector's middle half▼ 0.670.17below the sector's middle half▲ 0.040.20below the sector's middle half▲ 0.040.44below the sector's middle half▲ 0.24
Return on assets (ROA)1.8%within the sector's middle half▲ 1.7pp3.5%within the sector's middle half▲ 1.7pp1.1%below the sector's middle half▼ 2.4pp3.4%within the sector's middle half▲ 2.3pp1.0%below the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €799,426
Fixed assets
€590,380 ▼ 0.9%
Current assets
€209,046 ▲ 114%
Equity and liabilities €799,426
Equity
€185,258 ▲ 4.5%
Debt
€614,168 ▲ 19.0%
Debt's share of the balance-sheet total rises from 74.4% to 76.8%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€19,552▼
2024 · €56,822
Cash flow
€16,941▼
2024 · €37,697
Quick ratio
0.03▼
2024 · 0.08
Debt to equity
3.32▲
2024 · 2.91
ROE
4.3%▼
2024 · 13.2%
Interest coverage
3.86▲
2024 · 2.78
Debt ≤ 1 year
€476,234▼
2024 · €483,447
Debt > 1 year
€137,934▲
2024 · €32,618
Income taxes
€173▼
2024 · €1,053
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,681 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €33,440 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,211 | €13,714 | €15,095 | €14,239 | €9,007 | ▼ 36.7% |
| Other operating charges640/8 | - | €2,839 | €976 | €5,656 | €3,662 | ▼ 35.3% |
| Gross operating margin9900 | €39,331 | €62,143 | €43,340 | €62,478 | €23,214 | ▼ 62.8% |
| Operating profit (loss)9901 | €27,588 | €45,590 | €27,269 | €42,583 | €10,545 | ▼ 75.2% |
| Financial income75/76B | - | €1,312 | €1,173 | €2,345 | €2,629 | ▲ 12.1% |
| Recurring financial income75 | - | €1,312 | €1,173 | €2,345 | €2,629 | ▲ 12.1% |
| Financial charges65/66B | - | €22,532 | €20,423 | €20,417 | €5,067 | ▼ 75.2% |
| Recurring financial charges65 | €15,060 | €22,532 | €20,423 | €20,417 | €5,067 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €12,528 | €24,370 | €8,019 | €24,511 | €8,107 | ▼ 66.9% |
| Income taxes67/77 | €336 | €743 | €695 | €1,053 | €173 | ▼ 83.6% |
| Profit (loss) for the period9904 | €12,192 | €23,627 | €7,324 | €23,458 | €7,934 | ▼ 66.2% |
| Profit (loss) for the period to be appropriated9905 | €12,192 | €23,627 | €7,324 | €23,458 | €7,934 | ▼ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €668,047 | €673,157 | €685,396 | €693,389 | €799,426 | ▲ 15.3% |
| Fixed assets21/28 | €360,438 | €617,248 | €605,629 | €595,724 | €590,380 | ▼ 0.9% |
| Tangible fixed assets22/27 | €360,303 | €517,611 | €505,992 | €496,087 | €490,743 | ▼ 1.1% |
| Land and buildings22 | - | €476,369 | €475,821 | €475,273 | €474,725 | ▼ 0.1% |
| Plant, machinery and equipment23 | - | €20,801 | €25,231 | €19,281 | €14,901 | ▼ 22.7% |
| Furniture and vehicles24 | - | €20,441 | €4,940 | €1,533 | €1,117 | ▼ 27.1% |
| Financial fixed assets28 | €135 | €99,637 | €99,637 | €99,637 | €99,637 | = |
| Current assets29/58 | €307,609 | €55,909 | €79,767 | €97,665 | €209,046 | ▲ 114% |
| Stocks and contracts in progress3 | €179,750 | €34,250 | €47,500 | €60,625 | €194,678 | ▲ 221% |
| Stocks30/36 | - | €34,250 | €47,500 | €60,625 | €60,625 | = |
| Contracts in progress37 | - | - | - | - | €134,053 | - |
| Amounts receivable within one year40/41 | €2,771 | €6,229 | €18,439 | €12,100 | €7,007 | ▼ 42.1% |
| Trade receivables40 | - | €5,198 | €18,439 | €12,100 | €6,382 | ▼ 47.3% |
| Other amounts receivable41 | - | €1,031 | - | - | €625 | - |
| Current investments50/53 | €99,502 | - | €13,828 | €24,940 | €7,361 | ▼ 70.5% |
| Cash at bank and in hand54/58 | €25,586 | €15,430 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €668,047 | €673,157 | €685,396 | €693,389 | €799,426 | ▲ 15.3% |
| Equity10/15 | €122,915 | €146,542 | €153,866 | €177,324 | €185,258 | ▲ 4.5% |
| Contributions10/11 | €193,357 | €193,680 | €193,680 | €193,680 | €193,680 | = |
| Capital10 | - | €193,357 | €193,357 | €193,357 | €193,357 | = |
| Issued capital100 | - | €193,357 | €193,357 | €193,357 | €193,357 | = |
| Outside capital11 | - | €323 | €323 | €323 | €323 | = |
| Share premium1100/10 | - | €323 | €323 | €323 | €323 | = |
| Reserves13 | €187,731 | €187,731 | €187,731 | €187,731 | €187,731 | = |
| Non-distributable reserves130/1 | - | €19,336 | €19,336 | €19,336 | €19,336 | = |
| Legal reserve130 | - | €19,336 | €19,336 | €19,336 | €19,336 | = |
| Tax-exempt reserves132 | - | €7,521 | €7,521 | €7,521 | €7,521 | = |
| Distributable reserves133 | - | €160,874 | €160,874 | €160,874 | €160,874 | = |
| Profit (loss) carried forward14 | -€258,496 | -€234,869 | -€227,545 | -€204,087 | -€196,153 | ▲ 3.9% |
| Amounts payable17/49 | €545,132 | €526,615 | €531,530 | €516,065 | €614,168 | ▲ 19.0% |
| Amounts payable after more than one year17 | €157,818 | €76,959 | €53,099 | €32,618 | €137,934 | ▲ 323% |
| Financial debts170/4 | - | €76,959 | €53,099 | €32,618 | €137,934 | ▲ 323% |
| Amounts payable within one year42/48 | €387,314 | €449,656 | €478,431 | €483,447 | €476,234 | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €23,481 | €23,860 | €20,481 | €20,495 | ▲ 0.1% |
| Trade debts44 | €17,110 | - | €1,537 | €1,783 | €1,813 | ▲ 1.7% |
| Suppliers440/4 | - | - | €1,537 | €1,783 | €1,813 | ▲ 1.7% |
| Taxes, remuneration and social security45 | - | €780 | €6,919 | €1,438 | €1,300 | ▼ 9.6% |
| Taxes450/3 | - | €780 | €6,919 | €1,438 | €1,300 | ▼ 9.6% |
| Other amounts payable47/48 | - | €425,395 | €446,115 | €459,745 | €452,626 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,192 | €23,627 | €7,324 | €23,458 | €7,934 | ▼ 66.2% |
| + Depreciation and write-downs630 | €9,211 | €13,714 | €15,095 | €14,239 | €9,007 | ▼ 36.7% |
| Operating cash flow (approximation) | €21,403 | €37,341 | €22,419 | €37,697 | €16,941 | ▼ 55.1% |
| Investment in fixed assets (approximation) | - | -€270,524 | -€3,476 | -€4,334 | -€3,663 | ▲ 15.5% |
| Change in cash | - | -€10,156 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Whattever
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AUTOMATION CONSULTANTS
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A M Technics
BE 0824.392.508
Kortrijk · Eq €185,003
Of 11,567 companies in this sector we hold annual accounts for 6,567. 5,182 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 31-03-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150,000Eq €153,866 ▲5%
4 profitable years in a row build equity to €153,866.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2019net €23,627 ▲93.8%
Operating result €45,590, net result €23,627, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €693
Net result €693 after one loss-making year.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-04
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.
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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Support & recognitions
1 funding sourceFlanders €414
Flemish government
€414
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €414 awarded · €414 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €132 | €132 |
| 2024 | 1 | €45 | €45 |
| 2023 | 1 | €111 | €111 |
| 2022 | 1 | €126 | €126 |
Company details
Public limited company · founded 16-05-1986Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded16-05-1986
Fiscal year end30-09
Trade name NL
Hermosa Alpaca
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428936473
Also
9925:BE0428936473
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Merksplas · 1 establishment unit since 1986
Ground area
4,105 m²
Building footprint
1,106 m²
Volume, LiDAR
6,315 m³
2 parcels, Flanders · tallest building 24.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hermosa Alpaca
since 1986unit no. 2.036.874.096
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048B0536/00P000 | Flanders | 2,697 m² | 1 · 148 m² | 6.6 m · 2 fl. |
| 13023I0604/00D003 | Flanders | 1,408 m² | 1 · 958 m² | 24.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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