ABAR
ActiveSummary
The computed 12-month bankruptcy probability of ABAR is 1.9% (moderate). The 2024 annual accounts show equity of €157k and a net result of €-41k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 39% of 9982 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-33
Solvency57▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.17 in 2023; short-term debt: 57.2% and cash: 1.3% of total assets), and 68.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
31.7%
Return on assets
-8.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
2024
29 d late
2023
148 d late
2022
6 d late
2021
151 d late
2020
28 d late
2019
393 d late
2018
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€0▼ 100%
2018 · €130k
2018: €130k
2018 → 2022
EBIT margin
81.3%
Net result
€-41k
2023 · €26k
2018: €103k
2019: €-9k
2020: €13k
2021: €-7k
2022: €24k
2023: €26k
2018 → 2024
Working capital
€-250k▼ 44.4%
2023 · €-173k
2018: €32k
2019: €-44k
2020: €-70k
2021: €-124k
2022: €-149k
2023: €-173k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€155k-€148k▼ 4.4%€172k▲ 15.8%€198k▲ 15.0%€157k▼ 20.7%
Operating result€24k-€4k▼ 83.9%€24k▲ 510%€51k▲ 113%€-33k
Net result€13k-€-7k€24k€26k▲ 9.9%€-41k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €33k after €51k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €495k
Fixed assets
€461k ▼ 3.9%
Current assets
€34k ▼ 4.3%
Equity and liabilities €495k
Equity
€157k ▼ 20.7%
Debt
€338k ▲ 6.6%
Debt's share of the balance-sheet total rises from 61.6% to 68.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2023 · €51k
Cash flow
€2k▼
2023 · €26k
Current ratio
0.12▼
2023 · 0.17
Debt to equity
2.16▲
2023 · 1.60
ROE
-26.1%▼
2023 · 13.1%
ROA
-8.3%▼
2023 · 5.0%
Interest coverage
4.06▼
2023 · 18.10
Debt ≤ 1 year
€283k▲
2023 · €208k
Debt > 1 year
€55k▼
2023 · €109k
Income taxes
€5k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€515k€495k▼
Fixed assets21/28€480k€461k▼
Intangible fixed assets21-€335k
Tangible fixed assets22/27-€52k
Land and buildings22-€51k
Furniture and vehicles24-€723
Financial fixed assets28€480k€74k▼
Current assets29/58€35k€34k▼
Amounts receivable within one year40/41€33k€27k▼
Trade receivables40€32k€8k▼
Other amounts receivable41€371€20k▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€428€0▼
Equity and liabilities
Total equity and liabilities10/49€515k€495k▼
Equity10/15€198k€157k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€2k
Profit (loss) carried forward14€190k€149k▼
Amounts payable17/49€317k€338k▲
Amounts payable after more than one year17€109k€55k▼
Financial debts170/4€109k€55k▼
Amounts payable within one year42/48€208k€283k▲
Current portion of amounts payable after more than one year42€49k€50k▲
Trade debts44€45k€70k▲
Suppliers440/4€45k€70k▲
Advances received on contracts in progress46€22k€23k▲
Taxes, remuneration and social security45€19k€5k▼
Taxes450/3€19k€5k▼
Other amounts payable47/48€72k€135k▲
Income statement
Code20232024
Non-recurring operating income76A€11k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€43k▲
Other operating charges640/8€357€35k▲
Non-recurring operating charges66A€0€6k▲
Gross operating margin9900€51k€51k▲
Operating profit (loss)9901€51k€-33k▼
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€48k€-35k▼
Income taxes67/77€22k€5k▼
Profit (loss) for the period9904€26k€-41k▼
Profit (loss) for the period to be appropriated9905€26k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€149k▼
Profit (loss) brought forward from the previous period14P€164k€190k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-41k ▼258%
Net result drops to €-41k, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 148 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
30-11
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
30-11
Financial
Equity above €150kEq €172k ▲15.8%
Equity rises from €148k to €172k.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 151 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 28 days late
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 393 days late
2020
30-11
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-11
Financial
Equity above €150kEq €155k ▲9.4%
Equity rises from €142k to €155k.
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
Show earlier events
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Etterbeek · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg op Waver 6071040 EtterbeekGround area
1,116 m²
Building footprint
255 m²
Volume, LiDAR
1,734 m³
Parcel 21363B0417/00B008, Brussels · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ABAR SPRL
since 20092.183.615.005
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0417/00B008 | Brussels | 1,116 m² | 1 · 255 m² | 15.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KATHA Construct
BE 1016.705.894
Antwerpen · Eq €156,564
CAMPOVERDE STONE
BE 0746.355.711
Halle · Eq €157,175
ANTHEUNIS NICO
BE 0806.559.552
Knokke-Heist · Eq €157,274
HAVASUPPORT
BE 0793.787.919
Kortenberg · Eq €157,656
AS WORKS
BE 0663.603.823
Saint-Georges-sur-Meuse · Eq €155,915
Of 2,451 companies in sector 41003 we hold annual accounts for 1,054. 729 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.