AB
ActiveSummary
AB has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of -€537. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 9620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-6
Solvency51▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.16 in 2023; short-term debt: 68.5% and cash: 0.2% of total assets), and 74% of the assets are financed with debt.
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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 →
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 2024Solvency, return and age of the figures
Solvency
26%
Return on assets
0%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
89 d late
2022
28 d late
2021
61 d late
2020
on the day
2019
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Putte, Wholesale and retail trade sector#9 company by equity in Putte, Wholesale and retail trade sector
Equity
€1.5m=
2023 · €1.5m
Total assets
€5.8m▲ 18.9%
2023 · €4.9m
Net result
-€537▲ 98.2%
2023 · -€29,498
Working capital
€400,998▼ 9.2%
2023 · €441,717
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
Line20202021202220232024
Operating result-€106,019€332,873€38,743▼ 88.4%€49,367▲ 27.4%-€56,419
Net result€2.1m▲ 6,163%€280,208▼ 86.5%€31,967▼ 88.6%-€29,498-€537▲ 98.2%
Equity€2.5m▲ 487%€2.8m▲ 11.2%€2.8m▲ 1.1%€1.5m▼ 46.5%€1.5m=
Total assets€6.8m▼ 7.5%€7.2m▲ 6.8%€7.9m▲ 9.3%€4.9m▼ 38.2%€5.8m▲ 18.9%
Debt€4.2m▼ 38.7%€4.4m▲ 4.3%€5.0m▲ 14.7%€3.3m▼ 33.5%€4.3m▲ 27.5%
Working capital-€1.2m▲ 70.4%-€937,120▲ 19.8%-€2.1m▼ 129%€441,717€400,998▼ 9.2%
Staff (FTE)0.90.9=0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €56,419 after €49,367 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.8m
Fixed assets
€1.4m ▼ 10.0%
Current assets
€4.4m ▲ 32.7%
Equity and liabilities €5.8m
Equity
€1.5m =
Provisions
€18,001 ▼ 1.0%
Debt
€4.3m ▲ 27.5%
Debt's share of the balance-sheet total rises from 68.7% to 73.6%. Debt is higher.
Key figures and ratios
EBITDA
€244,432▼
2023 · €341,021
Cash flow
€300,314▲
2023 · €262,155
Current ratio
1.10▼
2023 · 1.16
Quick ratio
0.42▲
2023 · 0.33
Debt to equity
2.83▲
2023 · 2.22
ROE
0.0%▲
2023 · -2.0%
ROA
0.0%▲
2023 · -0.6%
Interest coverage
2.18▼
2023 · 3.05
Debt ≤ 1 year
€4.0m▲
2023 · €2.8m
Debt > 1 year
€184,114▼
2023 · €403,948
Income taxes
€0▼
2023 · €385
Staff costs
€48,051▼
2023 · €50,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €103,424 | €50,245 | €93,005 | €9,561 | ▼ 89.7% |
| Remuneration, social security and pensions62 | - | - | €12,253 | €50,994 | €48,051 | ▼ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150,415 | €171,277 | €239,261 | €291,653 | €300,851 | ▲ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,665 | €423 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €21,127 | €83,322 | €87,500 | €42,717 | ▼ 51.2% |
| Non-recurring operating charges66A | - | €20,575 | €30,762 | €23,148 | €0 | ▼ 100% |
| Gross operating margin9900 | €93,914 | €545,851 | €408,005 | €503,085 | €335,200 | ▼ 33.4% |
| Operating profit (loss)9901 | -€106,019 | €332,873 | €38,743 | €49,367 | -€56,419 | ▼ 214% |
| Financial income75/76B | - | €77,760 | €69,970 | €30,257 | €167,720 | ▲ 454% |
| Recurring financial income75 | €57,417 | €77,760 | €69,970 | €8,401 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | €0 | - | €21,857 | €167,720 | ▲ 667% |
| Financial charges65/66B | - | €132,653 | €80,051 | €111,790 | €112,017 | ▲ 0.2% |
| Recurring financial charges65 | €160,045 | €132,653 | €80,051 | €111,790 | €112,017 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €2.1m | €277,980 | €28,662 | -€32,166 | -€716 | ▲ 97.8% |
| Transfer from deferred taxes780 | - | €4,010 | €3,445 | €3,053 | €179 | ▼ 94.1% |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €26,306 | €1,782 | €140 | €385 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2.1m | €280,208 | €31,967 | -€29,498 | -€537 | ▲ 98.2% |
| Transfer from tax-exempt reserves789 | - | €23,459 | €10,335 | €9,158 | €537 | ▼ 94.1% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €303,667 | €42,302 | -€20,340 | €0 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.8m | €7.2m | €7.9m | €4.9m | €5.8m | ▲ 18.9% |
| Fixed assets21/28 | €4.4m | €4.8m | €6.0m | €1.6m | €1.4m | ▼ 10.0% |
| Intangible fixed assets21 | €943 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.1m | €1.5m | €2.5m | €1.6m | €1.4m | ▼ 10.0% |
| Land and buildings22 | - | €540,631 | €616,455 | €589,187 | €279,458 | ▼ 52.6% |
| Plant, machinery and equipment23 | - | €42,093 | €65,443 | €8,298 | €19,810 | ▲ 139% |
| Furniture and vehicles24 | - | €959,023 | €1.9m | €983,905 | €1.1m | ▲ 14.3% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.4m | €0 | - | - |
| Current assets29/58 | €2.4m | €2.4m | €1.9m | €3.3m | €4.4m | ▲ 32.7% |
| Stocks and contracts in progress3 | €748,962 | €1.2m | €846,402 | €2.4m | €2.7m | ▲ 15.2% |
| Stocks30/36 | - | €1.2m | €846,402 | €2.4m | €2.7m | ▲ 15.2% |
| Amounts receivable within one year40/41 | €1.3m | €1.1m | €951,397 | €885,361 | €1.2m | ▲ 33.6% |
| Trade receivables40 | - | €304,476 | €258,875 | €387,400 | €587,473 | ▲ 51.6% |
| Other amounts receivable41 | - | €823,402 | €692,521 | €497,960 | €595,388 | ▲ 19.6% |
| Cash at bank and in hand54/58 | €293,388 | €55,500 | €71,656 | €24,724 | €11,939 | ▼ 51.7% |
| Deferred charges and accrued income490/1 | - | €57,357 | €41,133 | €26,581 | €460,493 | ▲ 1,632% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.8m | €7.2m | €7.9m | €4.9m | €5.8m | ▲ 18.9% |
| Equity10/15 | €2.5m | €2.8m | €2.8m | €1.5m | €1.5m | = |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2.4m | €2.7m | €2.8m | €1.4m | €1.4m | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €120,848 | €110,513 | €54,540 | €54,003 | ▼ 1.0% |
| Distributable reserves133 | - | €2.6m | €2.6m | €1.4m | €1.4m | = |
| Provisions and deferred taxes16 | €44,293 | €40,283 | €36,838 | €18,180 | €18,001 | ▼ 1.0% |
| Deferred taxes168 | - | €40,283 | €36,838 | €18,180 | €18,001 | ▼ 1.0% |
| Amounts payable17/49 | €4.2m | €4.4m | €5.0m | €3.3m | €4.3m | ▲ 27.5% |
| Amounts payable after more than one year17 | €570,563 | €882,631 | €880,950 | €403,948 | €184,114 | ▼ 54.4% |
| Financial debts170/4 | - | €866,232 | €866,801 | €389,799 | €169,965 | ▼ 56.4% |
| Other amounts payable178/9 | - | €16,399 | €14,149 | €14,149 | €14,149 | = |
| Amounts payable within one year42/48 | €3.6m | €3.4m | €4.1m | €2.8m | €4.0m | ▲ 39.2% |
| Current portion of amounts payable after more than one year42 | - | €294,546 | €370,105 | €310,271 | €302,051 | ▼ 2.6% |
| Financial debts43 | - | €500,000 | €860,758 | €860,734 | €822,245 | ▼ 4.5% |
| Credit institutions430/8 | - | €500,000 | €860,758 | €860,734 | €822,245 | ▼ 4.5% |
| Trade debts44 | €72,260 | €207,824 | €371,190 | €254,366 | €380,295 | ▲ 49.5% |
| Suppliers440/4 | - | €207,824 | €371,190 | €254,366 | €380,295 | ▲ 49.5% |
| Advances received on contracts in progress46 | - | - | €303,000 | €803,500 | €502,000 | ▼ 37.5% |
| Taxes, remuneration and social security45 | - | €3,027 | €2,967 | €6,835 | €8,229 | ▲ 20.4% |
| Taxes450/3 | - | €3,027 | €1,782 | €406 | €406 | = |
| Remuneration and social security454/9 | - | - | €1,185 | €6,429 | €7,823 | ▲ 21.7% |
| Other amounts payable47/48 | - | €2.4m | €2.1m | €612,211 | €2.0m | ▲ 219% |
| Accrued charges and deferred income492/3 | - | €147,022 | €91,349 | €92,291 | €114,180 | ▲ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.1m | €280,208 | €31,967 | -€29,498 | -€537 | ▲ 98.2% |
| + Depreciation and write-downs630 | €150,415 | €171,277 | €239,261 | €291,653 | €300,851 | ▲ 3.2% |
| Operating cash flow (approximation) | €2.2m | €451,485 | €271,228 | €262,155 | €300,314 | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | -€617,354 | -€1.4m | €4.1m | -€142,939 | ▼ 103% |
| Change in cash | - | -€237,888 | €16,156 | -€46,931 | -€12,785 | ▲ 72.8% |
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
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 89 days late
2023
31-12
Financial
Weakest financial yearnet -€29,498
Net result drops to -€29,498, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.47 to 1.16; short-term debt falls from €4.1m to €2.8m.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial
Highest result since 2018net €2.1m ▲6,163%
Net result €2.1m, the highest in the series.
31-10
Financial
Equity above €2mEq €2.5m ▲487%
3 profitable years in a row build equity to €2.5m.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-05
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 12 acts read
About the unread acts
We know of 12 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
12 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, Putte · 2 establishment units since 2000
Ground area
3,676 m²
Building footprint
923 m²
Volume, LiDAR
6,663 m³
2 parcels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
AB
since 20002.097.489.792
AB
since 20232.345.481.378
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001A0283/00D002 | Flanders | 3,401 m² | 1 · 653 m² | 9.6 m · 2 fl. |
| 12402B0494/00N002 | Flanders | 275 m² | 1 · 270 m² | 16.6 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 4,279 EUR awarded · 4,279 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 324 EUR | 324 EUR |
| 2024 | 1 | 1,955 EUR | 1,955 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,220. 2,609 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
Founded18-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.