A2B Estates
ActiveSummary
A2B Estates has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €274,683 and a net result of €88,530. Equity is shrinking by ~17% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 21% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-4
Solvency46▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.99 in 2024; short-term debt: 14.4% and cash: 3.4% of total assets), and 78.7% of the assets are financed with debt.
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Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
21.3%
Return on assets
6.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-12-2025, 58 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
58 d early
2024
8 d early
2023
48 d early
2022
71 d early
2021
55 d early
2020
51 d early
2019
49 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 49 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€274,683▼ 35.5%
2024 · €426,153
Total assets
€1.3m▼ 7.7%
2024 · €1.4m
Net result
€88,530▼ 37.3%
2024 · €141,296
Working capital
-€99,036▼ 4,962%
2024 · -€1,956
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€380,536▲ 21.5%€43,713▼ 88.5%-€38,258€179,126€129,505▼ 27.7%
Net result€271,394▲ 21.5%€19,394▼ 92.9%-€54,475€141,296€88,530▼ 37.3%
Equity€769,938▲ 18.7%€539,332▼ 30.0%€334,857▼ 37.9%€426,153▲ 27.3%€274,683▼ 35.5%
Total assets€1.7m▲ 2.2%€1.5m▼ 14.8%€1.4m▼ 7.0%€1.4m▲ 3.4%€1.3m▼ 7.7%
Debt€937,406▼ 8.3%€915,823▼ 2.3%€1.0m▲ 11.2%€972,582▼ 4.5%€1.0m▲ 4.5%
Working capital€123,522€269,823▲ 118%-€37,325-€1,956▲ 94.8%-€99,036▼ 4,962%
Staff (FTE)0.3▼ 50.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 5.0%
Current assets
€87,391 ▼ 33.8%
Equity and liabilities €1.3m
Equity
€274,683 ▼ 35.5%
Debt
€1.0m ▲ 4.5%
Debt's share of the balance-sheet total rises from 69.5% to 78.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€274,727▲
2024 · €222,288
Cash flow
€233,752▲
2024 · €184,458
Current ratio
0.47▼
2024 · 0.99
Debt to equity
3.70▲
2024 · 2.28
ROE
32.2%▼
2024 · 33.2%
ROA
6.9%▼
2024 · 10.1%
Interest coverage
18.35▲
2024 · 16.39
Debt ≤ 1 year
€186,427▲
2024 · €133,898
Debt > 1 year
€824,360▼
2024 · €834,553
Income taxes
€28,883▲
2024 · €28,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,602 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,602 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €58,946 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92,788 | €87,695 | €66,320 | €43,162 | €145,222 | ▲ 236% |
| Other operating charges640/8 | - | €7,359 | €3,412 | €3,705 | €5,434 | ▲ 46.7% |
| Gross operating margin9900 | €509,787 | €138,768 | €31,474 | €225,993 | €280,161 | ▲ 24.0% |
| Operating profit (loss)9901 | €380,536 | €43,713 | -€38,258 | €179,126 | €129,505 | ▼ 27.7% |
| Financial income75/76B | - | €3 | €7 | €3,851 | €2,880 | ▼ 25.2% |
| Recurring financial income75 | €1 | €3 | €7 | €3,851 | €2,880 | ▼ 25.2% |
| Financial charges65/66B | - | €12,420 | €14,170 | €13,566 | €14,972 | ▲ 10.4% |
| Recurring financial charges65 | €13,234 | €12,420 | €14,170 | €13,566 | €14,972 | ▲ 10.4% |
| Profit (loss) for the period before taxes9903 | €367,303 | €31,297 | -€52,421 | €169,411 | €117,413 | ▼ 30.7% |
| Income taxes67/77 | €95,909 | €11,902 | €2,054 | €28,115 | €28,883 | ▲ 2.7% |
| Profit (loss) for the period9904 | €271,394 | €19,394 | -€54,475 | €141,296 | €88,530 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €271,394 | €19,394 | -€54,475 | €141,296 | €88,530 | ▼ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 7.7% |
| Fixed assets21/28 | €1.3m | €881,575 | €1.2m | €1.3m | €1.2m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.3m | €881,575 | €1.2m | €1.3m | €1.2m | ▼ 5.0% |
| Land and buildings22 | - | €763,569 | €1.0m | €1.1m | €1.1m | ▼ 4.1% |
| Furniture and vehicles24 | - | €41,912 | €18,004 | €13,118 | €9,325 | ▼ 28.9% |
| Other tangible fixed assets26 | - | €76,095 | €144,269 | €130,531 | €116,793 | ▼ 10.5% |
| Current assets29/58 | €448,698 | €573,580 | €186,236 | €131,941 | €87,391 | ▼ 33.8% |
| Amounts receivable within one year40/41 | €49,133 | €57,499 | €105,367 | €56,572 | €38,859 | ▼ 31.3% |
| Trade receivables40 | - | €57,373 | €34,016 | €25,477 | €38,827 | ▲ 52.4% |
| Other amounts receivable41 | - | €126 | €71,351 | €31,094 | €32 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €395,580 | €512,835 | €77,640 | €70,780 | €44,131 | ▼ 37.7% |
| Deferred charges and accrued income490/1 | - | €3,245 | €3,229 | €4,589 | €4,400 | ▼ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 7.7% |
| Equity10/15 | €769,938 | €539,332 | €334,857 | €426,153 | €274,683 | ▼ 35.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €749,478 | €518,872 | €314,397 | €405,693 | €254,223 | ▼ 37.3% |
| Amounts payable17/49 | €937,406 | €915,823 | €1.0m | €972,582 | €1.0m | ▲ 4.5% |
| Amounts payable after more than one year17 | €603,980 | €606,111 | €785,002 | €834,553 | €824,360 | ▼ 1.2% |
| Financial debts170/4 | - | €606,111 | €785,002 | €834,553 | €824,360 | ▼ 1.2% |
| Amounts payable within one year42/48 | €325,176 | €303,757 | €223,562 | €133,898 | €186,427 | ▲ 39.2% |
| Current portion of amounts payable after more than one year42 | - | €33,985 | €34,450 | €69,614 | €73,865 | ▲ 6.1% |
| Trade debts44 | €282 | €61,139 | €28,592 | €8,755 | €26,004 | ▲ 197% |
| Suppliers440/4 | - | €61,139 | €28,592 | €8,755 | €26,004 | ▲ 197% |
| Taxes, remuneration and social security45 | - | €32,179 | €3,920 | €48,929 | €14,156 | ▼ 71.1% |
| Taxes450/3 | - | €32,179 | €3,920 | €48,929 | €14,156 | ▼ 71.1% |
| Other amounts payable47/48 | - | €176,453 | €156,600 | €6,600 | €72,402 | ▲ 997% |
| Accrued charges and deferred income492/3 | - | €5,955 | €9,436 | €4,132 | €5,326 | ▲ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €271,394 | €19,394 | -€54,475 | €141,296 | €88,530 | ▼ 37.3% |
| + Depreciation and write-downs630 | €92,788 | €87,695 | €66,320 | €43,162 | €145,222 | ▲ 236% |
| Operating cash flow (approximation) | €364,182 | €107,090 | €11,845 | €184,458 | €233,752 | ▲ 26.7% |
| Investment in fixed assets (approximation) | - | €289,375 | -€351,365 | -€143,336 | -€81,833 | ▲ 42.9% |
| Change in cash | - | €117,255 | -€435,195 | -€6,860 | -€26,649 | ▼ 288% |
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
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €141,296
Net result €141,296 after one loss-making year.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€54,475
Net result drops to -€54,475, the lowest in the series; recovery starts the following year.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tervuren · 1 establishment unit since 2015
Ground area
1,105 m²
Building footprint
164 m²
Volume, LiDAR
952 m³
Parcel 24302H0018/00F000, Flanders · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A2B Estates
since 20152.264.941.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302H0018/00F000 | Flanders | 1,105 m² | 1 · 164 m² | 15.8 m · 2 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 2,771 companies in sector 69109 we hold annual accounts for 1,208. 856 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
Founded17-12-2015
Fiscal year end30-06
Activities, NACEBEL 2025
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644628643
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.