AB OPERATIONS

Active

Private limited companyfounded 2021active for 5 yearsAltenbroek 4, 3798 Voeren, BelgiumKBO/BCE: BE 0769.401.822

The file of AB OPERATIONS contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 13.9% (high). The 2025 annual accounts show negative equity (-€1.2m) and a net result of €116,863. Equity is shrinking by about 28% per year across the filed financial years. Its solvency ranks better than 6% of 881 sector peers (NACE 55, financial year 2025).

Risk analysisFollow Report Compare

AB OPERATIONSActiveChecked score 30/100

Risk analysis Report Compare

Activity

Hotels and similar accommodation

NACE 55100

4th largest company by total assets in Voeren, Accommodation and food service sector1 site

Size

≈ €2.7mturnover 2025, estimated

Staff: 23.9 FTE
Equity: -€1.2m
Profit: €116,863

Turnover estimated from the gross margin

Financial health

30 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 13.9%

Structure

Parent: ALTENBROEK HOLDING · 100%

ALTENBROEK HOLDING BVDirector

2025 accounts filed 76 days late1 of 3 deeds summarised

Why 30raises riskReorganisation plan being carried out (approved, Gazette 03-07-2025)Last filed accounts filed 76 days late; 1 of the last 3 lateNegative equity -€1.2m2 warning signals in 24 months (reorganisation 2)Show the evidence

Checked score

Score 2025

30 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 43% of its sector peers (NACE 55, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -135.3% of total assets

Liquidity 23+2

short-term debt 199.2% · cash 18.5%

Profitability 79+79

return on assets 13.2%

Bankruptcy probability, 12 months

13.9% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (578 companies, NACE 55, small)

Last 24 months 11-2024: 2.1% 12-2024: 2.1%● unchanged vs 11-2024 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 1.8%▼ -0.3 percentage points vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.7%▼ -0.1 percentage points vs 03-2025lowest value 08-2025: 15.2% 09-2025: 17.2%▲ +2.0 percentage points vs 08-2025 10-2025: 17.1%▼ -0.1 percentage points vs 09-2025 11-2025: 17.5%▲ +0.4 percentage points vs 10-2025 12-2025: 17.5%● unchanged vs 11-2025 01-2026: 17.5%● unchanged vs 12-2025 02-2026: 17.5%● unchanged vs 01-2026 03-2026: 17.0%▼ -0.5 percentage points vs 02-2026 04-2026: 17.0%● unchanged vs 03-2026 05-2026: 17.4%▲ +0.4 percentage points vs 04-2026 06-2026: 17.1%▼ -0.3 percentage points vs 05-2026 07-2026: 17.9%▲ +0.8 percentage points vs 06-2026 08-2026: 22.0%▲ +4.1 percentage points vs 07-2026 09-2026: 24.9%▲ +2.9 percentage points vs 08-2026highest value 10-2026: 13.9%▼ -11.0 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.24, compared with 0.15 in 2024, below 1; short-term debt: 199.2% and cash: 18.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small): better than 4% on solvency, 14% on liquidity, 84% on profitability and 69% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises risk

Reorganisation plan being carried out (approved, Gazette 03-07-2025)

Belgian Official Gazette

Last filed accounts filed 76 days late; 1 of the last 3 late

NBB · filings

Negative equity -€1.2m

NBB · annual accounts

2 warning signals in 24 months (reorganisation 2)

Belgian Official Gazette

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 881 sector peers (2025).

NBB · sector comparison

Position among 881 sector peers

Solvency

better than 6%

← weakest strongest →

2025 accounts filed 76 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 5 filings

Deviation from the deadline

2025

76 days late

2024

29 days late

2023

1 day early

2022

14 days early

2021

13 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 15 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-10-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Back to profitnet €116,863
29-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€1.2m View
Caution: Among the weakest 5% on equitysector median €206,321 · 881 companies -€1.2m View
Positive: Back in profit in 2025after -€483,585 in 2024 €116,863 View
Caution: Latest accounts filed lateafter the legal deadline 76 days View
Controlled by ALTENBROEK HOLDING 100% View

By topic

Financials

Financial year: 2025
Total assets: €882,220
Profit: €116,863
Solvency: -135.3%

Total assets▲ 45.0%

Net result

20212025

Go to Financials

Board & ownership

Board: 1 member
Parent: ALTENBROEK HOLDING · 100%

ALTENBROEK HOLDING BVDirector

Go to Board & ownership

Timeline

Events: 10
Since: 2022
Next accounts: by 31-07-2027

03-07-2025Plan homologation
14-04-2025Opening
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Hotels and similar accommodationNACE 55100
Founded: 07-06-2021
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about AB OPERATIONS

What is the company number of AB OPERATIONS?: 0769.401.822. In Belgium the VAT number is the company number with BE in front: BE 0769.401.822.
Where is AB OPERATIONS based?: The registered office is at Altenbroek 4, 3798 Voeren.Company details
What does AB OPERATIONS do?: According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of AB OPERATIONS?: Private limited company (BV).
When was AB OPERATIONS founded?: On 07-06-2021.
Is AB OPERATIONS still active?: Yes, AB OPERATIONS is an active enterprise in the KBO register.
How many employees does AB OPERATIONS have?: On average 23.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of AB OPERATIONS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is AB OPERATIONS profitable?: In financial year 2025, AB OPERATIONS made a profit of €116,863.
Where can I find the annual accounts of AB OPERATIONS?: AB OPERATIONS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of AB OPERATIONS due?: By 31-07-2027, for financial year 2026.Timeline