ABAO
ActiveSummary
ABAO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€33,432) and a net result of €25,572. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+48
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.58 in 2024; short-term debt: 125.2% and cash: 13.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 · 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 2025Solvency, return and age of the figures
Solvency
-25.2%
Return on assets
19.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 16%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d late
2023
6 d early
2022
32 d late
2021
58 d late
2020
83 d late
2019
111 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 40 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€33,432▲ 43.3%
2024 · -€59,004
Total assets
€132,628▲ 15.0%
2024 · €115,345
Net result
€25,572
2024 · -€3,256
Working capital
-€45,162▲ 37.7%
2024 · -€72,521
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€7,448▼ 65.6%-€17,338€4,056-€1,631€26,560
Net result€4,780within the sector's middle half▼ 74.5%-€18,337below the sector's middle half€2,665within the sector's middle half-€3,256within the sector's middle half€25,572above the sector's middle half
Equity-€40,076below the sector's middle half▲ 10.7%-€58,413below the sector's middle half▼ 45.8%-€55,748below the sector's middle half▲ 4.6%-€59,004below the sector's middle half▼ 5.8%-€33,432below the sector's middle half▲ 43.3%
Total assets€117,137within the sector's middle half▲ 9.7%€116,925within the sector's middle half▼ 0.2%€124,329within the sector's middle half▲ 6.3%€115,345within the sector's middle half▼ 7.2%€132,628within the sector's middle half▲ 15.0%
Debt€157,213▲ 3.7%€175,338▲ 11.5%€180,077▲ 2.7%€174,349▼ 3.2%€166,060▼ 4.8%
Working capital-€58,782below the sector's middle half▼ 20.1%-€86,390below the sector's middle half▼ 47.0%-€75,912below the sector's middle half▲ 12.1%-€72,521below the sector's middle half▲ 4.5%-€45,162below the sector's middle half▲ 37.7%
Solvency-34.2%below the sector's middle half▲ 7.8pp-50.0%below the sector's middle half▼ 15.7pp-44.8%below the sector's middle half▲ 5.1pp-51.2%below the sector's middle half▼ 6.3pp-25.2%below the sector's middle half▲ 25.9pp
Current ratio0.63below the sector's middle half▼ 0.050.51below the sector's middle half▼ 0.120.58below the sector's middle half▲ 0.070.58below the sector's middle half▲ 0.010.73below the sector's middle half▲ 0.14
Return on assets (ROA)4.1%within the sector's middle half▼ 13.5pp-15.7%below the sector's middle half▼ 19.8pp2.1%within the sector's middle half▲ 17.8pp-2.8%within the sector's middle half▼ 5.0pp19.3%above the sector's middle half▲ 22.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26,560 after a loss of €1,631 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,628
Fixed assets
€11,730 ▼ 13.2%
Current assets
€120,898 ▲ 18.7%
Key figures and ratios
EBITDA
€28,348▲
2024 · €5,088
Cash flow
€27,359▲
2024 · €3,462
Quick ratio
0.34▲
2024 · 0.28
Debt to equity
-4.97▼
2024 · -2.95
Interest coverage
29.80▲
2024 · 3.60
Debt ≤ 1 year
€166,060▼
2024 · €174,349
Income taxes
€39▼
2024 · €215
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,669 | €8,348 | €7,997 | €6,719 | €1,788 | ▼ 73.4% |
| Other operating charges640/8 | €235 | €1,124 | €135 | €11,565 | €1,540 | ▼ 86.7% |
| Non-recurring operating charges66A | - | - | - | €1,461 | - | - |
| Gross operating margin9900 | €10,352 | -€7,867 | €12,188 | €18,113 | €29,888 | ▲ 65.0% |
| Operating profit (loss)9901 | €7,448 | -€17,338 | €4,056 | -€1,631 | €26,560 | ▲ 1,729% |
| Financial income75/76B | €61 | €462 | - | €4 | €2 | ▼ 50.4% |
| Recurring financial income75 | €61 | €462 | - | €4 | €2 | ▼ 50.4% |
| Financial charges65/66B | €2,320 | €1,095 | €1,154 | €1,415 | €951 | ▼ 32.8% |
| Recurring financial charges65 | €2,320 | €1,095 | €1,154 | €1,415 | €951 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €5,189 | -€17,971 | €2,902 | -€3,041 | €25,611 | ▲ 942% |
| Income taxes67/77 | €409 | €366 | €237 | €215 | €39 | ▼ 81.8% |
| Profit (loss) for the period9904 | €4,780 | -€18,337 | €2,665 | -€3,256 | €25,572 | ▲ 885% |
| Profit (loss) for the period to be appropriated9905 | €4,780 | -€18,337 | €2,665 | -€3,256 | €25,572 | ▲ 885% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,137 | €116,925 | €124,329 | €115,345 | €132,628 | ▲ 15.0% |
| Fixed assets21/28 | €18,706 | €28,233 | €20,236 | €13,517 | €11,730 | ▼ 13.2% |
| Tangible fixed assets22/27 | €18,339 | €27,866 | €19,869 | €13,150 | €11,363 | ▼ 13.6% |
| Furniture and vehicles24 | €17,228 | €10,936 | €4,931 | - | - | - |
| Other tangible fixed assets26 | €1,111 | €16,930 | €14,938 | €13,150 | €11,363 | ▼ 13.6% |
| Financial fixed assets28 | €367 | €367 | €367 | €367 | €367 | = |
| Current assets29/58 | €98,431 | €88,692 | €104,093 | €101,827 | €120,898 | ▲ 18.7% |
| Stocks and contracts in progress3 | €74,619 | €68,263 | €76,469 | €53,769 | €64,642 | ▲ 20.2% |
| Stocks30/36 | €74,619 | €68,263 | €76,469 | €53,769 | €64,642 | ▲ 20.2% |
| Amounts receivable within one year40/41 | €8,918 | €16,433 | €25,228 | €41,038 | €37,836 | ▼ 7.8% |
| Trade receivables40 | €8,918 | €14,901 | €24,717 | €40,562 | €36,088 | ▼ 11.0% |
| Other amounts receivable41 | - | €1,531 | €511 | €476 | €1,748 | ▲ 267% |
| Cash at bank and in hand54/58 | €14,895 | €3,996 | €2,396 | €6,807 | €18,420 | ▲ 171% |
| Deferred charges and accrued income490/1 | - | - | - | €214 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,137 | €116,925 | €124,329 | €115,345 | €132,628 | ▲ 15.0% |
| Equity10/15 | -€40,076 | -€58,413 | -€55,748 | -€59,004 | -€33,432 | ▲ 43.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€58,676 | -€77,013 | -€74,348 | -€77,604 | -€52,032 | ▲ 33.0% |
| Amounts payable17/49 | €157,213 | €175,338 | €180,077 | €174,349 | €166,060 | ▼ 4.8% |
| Amounts payable within one year42/48 | €157,213 | €175,082 | €180,005 | €174,349 | €166,060 | ▼ 4.8% |
| Trade debts44 | €10,008 | €9,993 | €16,640 | €30,170 | €24,443 | ▼ 19.0% |
| Suppliers440/4 | €10,008 | €9,993 | €16,640 | €30,170 | €24,443 | ▼ 19.0% |
| Taxes, remuneration and social security45 | €2,921 | €675 | €1,265 | €577 | €674 | ▲ 16.9% |
| Taxes450/3 | €2,921 | €675 | €1,265 | €577 | €674 | ▲ 16.9% |
| Other amounts payable47/48 | €144,284 | €164,414 | €162,100 | €143,602 | €140,944 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | €256 | €71 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,780 | -€18,337 | €2,665 | -€3,256 | €25,572 | ▲ 885% |
| + Depreciation and write-downs630 | €2,669 | €8,348 | €7,997 | €6,719 | €1,788 | ▼ 73.4% |
| Operating cash flow (approximation) | €7,450 | -€9,989 | €10,662 | €3,462 | €27,359 | ▲ 690% |
| Investment in fixed assets (approximation) | - | -€17,875 | €0 | €0 | €0 | - |
| Change in cash | - | -€10,898 | -€1,600 | €4,411 | €11,613 | ▲ 163% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-07
State Gazette act
Member · Declaration
General meeting · Director in office
2025
31-12
Financial
Back to profitnet €25,572
Net result €25,572 after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,665
Net result €2,665 after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€18,337
Net result drops to -€18,337, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Back to profitnet €12,860
Net result €12,860 after one loss-making year.
Show earlier events
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2004
Ground area
186 m²
Building footprint
172 m²
Volume, LiDAR
1,106 m³
Parcel 21652E0498/00B002, Brussels · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ABAO
since 20042.138.603.639
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0498/00B002 | Brussels | 186 m² | 1 · 172 m² | 13.4 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 6 entries · 21,455 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 4 | 18,118 EUR |
| 2023 | 2 | 3,337 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 602 companies in sector 47610 we hold annual accounts for 242. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47610Retail trade
18130Pre-press and pre-media services
58190Other publishing activities, excluding software publishing
58110Book publishing
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865501108
Also
9925:BE0865501108
Registered
01-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.