Abaco
ActiveSummary
Abaco has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €559,702 and a net result of €12,634. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 65% of 810 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency72▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.8 in 2024; short-term debt: 47.3% and cash: 12.1% of total assets), but 53.4% 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more 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
46.6%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
2 d early
2022
31 d late
2021
38 d late
2020
19 d early
2019
108 d late
← 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 22 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€559,702▲ 2.3%
2024 · €547,068
Total assets
€1.2m▼ 3.3%
2024 · €1.2m
Net result
€12,634▼ 73.2%
2024 · €47,136
Working capital
€481,690▲ 3.2%
2024 · €466,831
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€22,550€130,987€122,571▼ 6.4%€63,373▼ 48.3%€18,845▼ 70.3%
Net result-€25,450below the sector's middle half€99,769within the sector's middle half€97,573within the sector's middle half▼ 2.2%€47,136within the sector's middle half▼ 51.7%€12,634within the sector's middle half▼ 73.2%
Equity€302,590within the sector's middle half▼ 7.8%€402,359within the sector's middle half▲ 33.0%€499,932within the sector's middle half▲ 24.3%€547,068within the sector's middle half▲ 9.4%€559,702within the sector's middle half▲ 2.3%
Total assets€859,345within the sector's middle half▼ 2.7%€1.0mwithin the sector's middle half▲ 16.4%€1.2mwithin the sector's middle half▲ 20.4%€1.2mwithin the sector's middle half▲ 3.1%€1.2mwithin the sector's middle half▼ 3.3%
Debt€556,755▲ 0.3%€598,169▲ 7.4%€704,611▲ 17.8%€695,389▼ 1.3%€641,134▼ 7.8%
Working capital€244,143▼ 11.0%€364,280▲ 49.2%€437,070▲ 20.0%€466,831▲ 6.8%€481,690▲ 3.2%
Solvency35.2%within the sector's middle half▼ 1.9pp40.2%within the sector's middle half▲ 5.0pp41.5%within the sector's middle half▲ 1.3pp44.0%within the sector's middle half▲ 2.5pp46.6%within the sector's middle half▲ 2.6pp
Staff (FTE)21.1above the sector's middle half▼ 6.6%19.9above the sector's middle half▼ 5.7%20.5above the sector's middle half▲ 3.0%19.2above the sector's middle half▼ 6.3%19.8above the sector's middle half▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€150,818 ▼ 20.5%
Current assets
€1.1m ▼ 0.3%
Equity and liabilities €1.2m
Equity
€559,702 ▲ 2.3%
Debt
€641,134 ▼ 7.8%
Debt's share of the balance-sheet total falls from 56.0% to 53.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,655▼
2024 · €95,026
Cash flow
€51,443▼
2024 · €78,788
Current ratio
1.85▲
2024 · 1.80
Debt to equity
1.15▼
2024 · 1.27
ROE
2.3%▼
2024 · 8.6%
ROA
1.1%▼
2024 · 3.8%
Interest coverage
7.55▼
2024 · 11.45
Debt ≤ 1 year
€568,328▼
2024 · €585,998
Debt > 1 year
€63,597▼
2024 · €98,866
Income taxes
€3,024▼
2024 · €14,101
Staff costs
€939,601▲
2024 · €848,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 14,684 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 | - | - | - | €5,000 | - | - |
| Remuneration, social security and pensions62 | €768,726 | €746,050 | €821,480 | €848,843 | €939,601 | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,843 | €11,086 | €18,655 | €31,652 | €38,810 | ▲ 22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,110 | - | - | - | - |
| Other operating charges640/8 | €41,696 | €42,159 | €49,045 | €56,016 | €50,009 | ▼ 10.7% |
| Gross operating margin9900 | €795,715 | €932,391 | €1.0m | €999,884 | €1.0m | ▲ 4.7% |
| Operating profit (loss)9901 | -€22,550 | €130,987 | €122,571 | €63,373 | €18,845 | ▼ 70.3% |
| Financial income75/76B | €5 | €1,483 | €4,075 | €6,163 | €4,451 | ▼ 27.8% |
| Recurring financial income75 | €5 | €1,483 | €4,075 | €6,163 | €4,451 | ▼ 27.8% |
| Financial charges65/66B | €2,905 | €14,907 | €5,997 | €8,299 | €7,639 | ▼ 7.9% |
| Recurring financial charges65 | €2,905 | €2,439 | €5,997 | €8,299 | €7,639 | ▼ 7.9% |
| Non-recurring financial charges66B | - | €12,468 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€25,450 | €117,563 | €120,648 | €61,237 | €15,657 | ▼ 74.4% |
| Income taxes67/77 | - | €17,795 | €23,075 | €14,101 | €3,024 | ▼ 78.6% |
| Profit (loss) for the period9904 | -€25,450 | €99,769 | €97,573 | €47,136 | €12,634 | ▼ 73.2% |
| Profit (loss) for the period to be appropriated9905 | -€25,450 | €99,769 | €97,573 | €47,136 | €12,634 | ▼ 73.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €859,345 | €1.0m | €1.2m | €1.2m | €1.2m | ▼ 3.3% |
| Fixed assets21/28 | €58,447 | €48,724 | €146,221 | €189,627 | €150,818 | ▼ 20.5% |
| Tangible fixed assets22/27 | €20,751 | €11,028 | €108,526 | €151,931 | €113,122 | ▼ 25.5% |
| Plant, machinery and equipment23 | €12,910 | €8,147 | €4,585 | €3,502 | €1,654 | ▼ 52.8% |
| Furniture and vehicles24 | €7,841 | €2,881 | €49,091 | €37,728 | €26,365 | ▼ 30.1% |
| Leasing and similar rights25 | - | - | €54,849 | €110,701 | €85,102 | ▼ 23.1% |
| Financial fixed assets28 | €37,696 | €37,696 | €37,696 | €37,696 | €37,696 | = |
| Current assets29/58 | €800,898 | €951,804 | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Amounts receivable after more than one year29 | - | - | €127,500 | €112,500 | €97,500 | ▼ 13.3% |
| Other amounts receivable291 | - | - | €127,500 | €112,500 | €97,500 | ▼ 13.3% |
| Amounts receivable within one year40/41 | €639,321 | €669,532 | €613,663 | €654,870 | €620,480 | ▼ 5.3% |
| Trade receivables40 | €595,449 | €658,920 | €582,899 | €602,526 | €545,982 | ▼ 9.4% |
| Other amounts receivable41 | €43,872 | €10,612 | €30,764 | €52,344 | €74,498 | ▲ 42.3% |
| Current investments50/53 | €50,000 | €50,000 | €50,120 | €130,348 | €150,418 | ▲ 15.4% |
| Cash at bank and in hand54/58 | €107,579 | €225,203 | €240,993 | €119,202 | €145,742 | ▲ 22.3% |
| Deferred charges and accrued income490/1 | €3,999 | €7,068 | €26,046 | €35,910 | €35,878 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €859,345 | €1.0m | €1.2m | €1.2m | €1.2m | ▼ 3.3% |
| Equity10/15 | €302,590 | €402,359 | €499,932 | €547,068 | €559,702 | ▲ 2.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €3,289 | €3,289 | €3,289 | €50,425 | €63,059 | ▲ 25.1% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Distributable reserves133 | €789 | €789 | €3,289 | €50,425 | €63,059 | ▲ 25.1% |
| Profit (loss) carried forward14 | €274,301 | €374,069 | €471,643 | €471,643 | €471,643 | = |
| Amounts payable17/49 | €556,755 | €598,169 | €704,611 | €695,389 | €641,134 | ▼ 7.8% |
| Amounts payable after more than one year17 | - | - | €76,551 | €98,866 | €63,597 | ▼ 35.7% |
| Financial debts170/4 | - | - | €76,551 | €98,866 | €63,597 | ▼ 35.7% |
| Amounts payable within one year42/48 | €556,755 | €587,524 | €621,252 | €585,998 | €568,328 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €87,874 | €67,516 | €111,833 | €136,192 | €119,933 | ▼ 11.9% |
| Trade debts44 | €408,356 | €431,466 | €392,180 | €369,138 | €359,737 | ▼ 2.5% |
| Suppliers440/4 | €408,356 | €431,466 | €392,180 | €369,138 | €359,737 | ▼ 2.5% |
| Taxes, remuneration and social security45 | €58,805 | €86,989 | €116,285 | €78,916 | €87,074 | ▲ 10.3% |
| Taxes450/3 | - | €17,070 | €12,575 | €3,772 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €58,805 | €69,919 | €103,710 | €75,144 | €87,074 | ▲ 15.9% |
| Other amounts payable47/48 | €1,720 | €1,552 | €954 | €1,752 | €1,584 | ▼ 9.6% |
| Accrued charges and deferred income492/3 | - | €10,645 | €6,809 | €10,525 | €9,209 | ▼ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,450 | €99,769 | €97,573 | €47,136 | €12,634 | ▼ 73.2% |
| + Depreciation and write-downs630 | €7,843 | €11,086 | €18,655 | €31,652 | €38,810 | ▲ 22.6% |
| Operating cash flow (approximation) | -€17,608 | €110,855 | €116,228 | €78,788 | €51,443 | ▼ 34.7% |
| Investment in fixed assets (approximation) | - | -€1,363 | -€116,153 | -€75,058 | €0 | ▲ 100% |
| Change in cash | - | €117,625 | €15,790 | -€121,791 | €26,540 | ▲ 122% |
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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €547,068 ▲9.4%
3 profitable years in a row build equity to €547,068.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €99,769
Net result €99,769 after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 38 days late
2021
31-12
Financial
Weakest financial yearnet -€25,450
Net result drops to -€25,450, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
31-12
Financial
Highest result since 2018net €127,468 ▲2,756%
Operating result €170,648, net result €127,468, both a record.
31-12
Financial
Equity above €200,000Eq €326,002 ▲64.2%
2 profitable years in a row build equity to €326,002.
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
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, Anderlecht · 2 establishment units since 1975
Ground area
1.7 ha
Building footprint
8,537 m²
Volume, LiDAR
50,995 m³
2 parcels, Brussels · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
90
companies at this address
See who is registered here
2 establishment units
Ropsy Chaudronstraat 24, 1070 Anderlecht
since 19752.012.391.395
Nijverheidskaai 168, 1070 Anderlecht
since 20122.207.062.477
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0122/00Y008 | Brussels | 1.7 ha | 1 · 8,336 m² | 8.6 m · 2 fl. |
| 21304B0122/00P006 | Brussels | 211 m² | 1 · 202 m² | 6.2 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.207.062.477
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Of 599 companies in sector 10111 we hold annual accounts for 329. 223 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
Founded08-09-1975
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415222356
Also
9925:BE0415222356
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.