AB-projects
ActiveSummary
AB-projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,008 and a net result of €549. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▲+10
Solvency52▼-3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.14 in 2023; short-term debt: 71.9% and cash: 31.1% of total assets), and 72.9% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
27.1%
Return on assets
1.7%
Age of the figures
21 mo
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 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
14 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€9,008▲ 6.5%
2023 · €8,459
Total assets
€33,181▲ 19.3%
2023 · €27,814
Net result
€549▲ 487%
2023 · €94
Working capital
€3,682▲ 39.9%
2023 · €2,632
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
Line2021202220232024
Operating result€7,249-€3,452▼ 52.4%€1,226▼ 64.5%€2,071▲ 68.9%
Net result€5,073-€1,893▼ 62.7%€94▼ 95.1%€549▲ 487%
Equity€7,273-€8,366▲ 15.0%€8,459▲ 1.1%€9,008▲ 6.5%
Total assets€19,898-€23,091▲ 16.0%€27,814▲ 20.5%€33,181▲ 19.3%
Debt€12,625-€14,725▲ 16.6%€19,355▲ 31.4%€24,173▲ 24.9%
Working capital€5,508-€5,853▲ 6.3%€2,632▼ 55.0%€3,682▲ 39.9%
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 69% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33,181
Fixed assets
€5,636 ▼ 3.3%
Current assets
€27,545 ▲ 25.3%
Equity and liabilities €33,181
Equity
€9,008 ▲ 6.5%
Debt
€24,173 ▲ 24.9%
Debt's share of the balance-sheet total rises from 69.6% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,030▲
2023 · €1,789
Cash flow
€1,508▲
2023 · €656
Current ratio
1.15▲
2023 · 1.14
Debt to equity
2.68▲
2023 · 2.29
ROE
6.1%▲
2023 · 1.1%
ROA
1.7%▲
2023 · 0.3%
Interest coverage
4.75▲
2023 · 3.75
Debt ≤ 1 year
€23,862▲
2023 · €19,355
Income taxes
€884▲
2023 · €656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,348 | €538 | €563 | €959 | ▲ 70.5% |
| Other operating charges640/8 | €605 | €676 | €944 | €707 | ▼ 25.1% |
| Gross operating margin9900 | €9,202 | €4,667 | €2,733 | €3,737 | ▲ 36.8% |
| Operating profit (loss)9901 | €7,249 | €3,452 | €1,226 | €2,071 | ▲ 68.9% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €416 | €595 | €477 | €638 | ▲ 33.8% |
| Recurring financial charges65 | €416 | €595 | €477 | €638 | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €6,832 | €2,857 | €749 | €1,433 | ▲ 91.2% |
| Income taxes67/77 | €1,760 | €964 | €656 | €884 | ▲ 34.8% |
| Profit (loss) for the period9904 | €5,073 | €1,893 | €94 | €549 | ▲ 487% |
| Profit (loss) for the period to be appropriated9905 | €5,073 | €1,893 | €94 | €549 | ▲ 487% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,898 | €23,091 | €27,814 | €33,181 | ▲ 19.3% |
| Formation expenses20 | €266 | - | - | - | - |
| Fixed assets21/28 | €1,668 | €2,594 | €5,827 | €5,636 | ▼ 3.3% |
| Tangible fixed assets22/27 | €1,668 | €2,594 | €5,827 | €5,636 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €362 | €289 | €848 | ▲ 193% |
| Furniture and vehicles24 | €1,668 | €1,446 | €2,796 | €2,413 | ▼ 13.7% |
| Other tangible fixed assets26 | - | €786 | €2,742 | €2,376 | ▼ 13.4% |
| Current assets29/58 | €17,964 | €20,497 | €21,987 | €27,545 | ▲ 25.3% |
| Amounts receivable within one year40/41 | €10,972 | €13,876 | €10,757 | €16,364 | ▲ 52.1% |
| Trade receivables40 | €10,705 | €13,585 | €10,757 | €16,243 | ▲ 51.0% |
| Other amounts receivable41 | €267 | €290 | - | €121 | - |
| Cash at bank and in hand54/58 | €6,105 | €5,902 | €10,374 | €10,329 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | €888 | €720 | €857 | €852 | ▼ 0.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,898 | €23,091 | €27,814 | €33,181 | ▲ 19.3% |
| Equity10/15 | €7,273 | €8,366 | €8,459 | €9,008 | ▲ 6.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €4,273 | €5,366 | €5,459 | €6,008 | ▲ 10.1% |
| Distributable reserves133 | €4,273 | €5,366 | €5,459 | €6,008 | ▲ 10.1% |
| Amounts payable17/49 | €12,625 | €14,725 | €19,355 | €24,173 | ▲ 24.9% |
| Amounts payable within one year42/48 | €12,456 | €14,644 | €19,355 | €23,862 | ▲ 23.3% |
| Trade debts44 | €1,610 | €2,166 | €4,046 | €8,472 | ▲ 109% |
| Suppliers440/4 | €1,610 | €2,166 | €4,046 | €8,472 | ▲ 109% |
| Taxes, remuneration and social security45 | €9,260 | €10,123 | €10,032 | €10,990 | ▲ 9.6% |
| Taxes450/3 | €6,582 | €7,428 | €7,290 | €8,216 | ▲ 12.7% |
| Remuneration and social security454/9 | €2,679 | €2,695 | €2,742 | €2,774 | ▲ 1.2% |
| Other amounts payable47/48 | €1,586 | €2,355 | €5,277 | €4,400 | ▼ 16.6% |
| Accrued charges and deferred income492/3 | €169 | €81 | - | €310 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,073 | €1,893 | €94 | €549 | ▲ 487% |
| + Depreciation and write-downs630 | €1,348 | €538 | €563 | €959 | ▲ 70.5% |
| Operating cash flow (approximation) | €6,421 | €2,431 | €656 | €1,508 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€1,463 | -€3,796 | -€768 | ▲ 79.8% |
| Change in cash | - | -€203 | €4,472 | -€45 | ▼ 101% |
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
2026
23-09
State Gazette act
Board meeting · Registered-office move
General meeting · Director resignation
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €94 ▼95.1%
Net result drops to €94, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB 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, Lichtervelde · 1 establishment unit since 2021
Ground area
757 m²
Building footprint
123 m²
Volume, LiDAR
498 m³
Parcel 36011E0396/00S000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AB-projects
since 20212.313.656.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0396/00S000 | Flanders | 757 m² | 1 · 123 m² | 7.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,100 EUR awarded · 2,100 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,100 EUR | 2,100 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 21,783 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
Founded22-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.