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ABBIC

Active
Public limited companyfounded 1985active for 40 yearsZeedijk-Het Zoute 715, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0428.308.646
Summary

ABBIC has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,962 and a net result of €9,655. Equity is growing by about 7% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€241,962▲ 4.2%
2024 · €232,307
Total assets
€320,837▼ 6.6%
2024 · €343,355
Net result
€9,655▼ 59.9%
2024 · €24,060
Working capital
-€39,269▲ 29.4%
2024 · -€55,617
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 49% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€21,717 2025 Net result€9,655 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€16,883-€19,524▲ 15.6%€17,068▼ 12.6%€14,419▼ 15.5%€40,619▲ 182%€42,912▲ 5.6%€21,717▼ 49.4%
Net result€8,649-€9,718▲ 12.4%€7,452▼ 23.3%€5,185▼ 30.4%€22,975▲ 343%€24,060▲ 4.7%€9,655▼ 59.9%
Equity€162,917-€172,634▲ 6.0%€180,087▲ 4.3%€185,272▲ 2.9%€208,247▲ 12.4%€232,307▲ 11.6%€241,962▲ 4.2%
Total assets€385,493-€380,166▼ 1.4%€370,886▼ 2.4%€351,343▼ 5.3%€351,989▲ 0.2%€343,355▼ 2.5%€320,837▼ 6.6%
Debt€222,576-€207,532▼ 6.8%€190,800▼ 8.1%€166,071▼ 13.0%€143,742▼ 13.4%€111,047▼ 22.7%€78,874▼ 29.0%
Working capital-€109,658--€104,987▲ 4.3%-€103,372▲ 1.5%-€104,163▼ 0.8%-€85,130▲ 18.3%-€55,617▲ 34.7%-€39,269▲ 29.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320,837
Fixed assets €287,935 ▼ 2.5%
Current assets €32,901 ▼ 31.5%
Equity and liabilities €320,837
Equity €241,962 ▲ 4.2%
Debt €78,874 ▼ 29.0%
Debt's share of the balance-sheet total falls from 32.3% to 24.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,120▼
2024 · €50,372
Cash flow
€17,058▼
2024 · €31,520
Current ratio
0.46▼
2024 · 0.46
Debt to equity
0.33▼
2024 · 0.48
ROE
4.0%▼
2024 · 10.4%
ROA
3.0%▼
2024 · 7.0%
Interest coverage
4.10▼
2024 · 7.39
Debt ≤ 1 year
€72,170▼
2024 · €103,633
Income taxes
€4,961▼
2024 · €12,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.3% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,042 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€343,355€320,837▼
Fixed assets21/28€295,338€287,935▼
Tangible fixed assets22/27€295,338€287,935▼
Land and buildings22€291,222€283,857▼
Plant, machinery and equipment23€4,117€4,079▼
Current assets29/58€48,016€32,901▼
Cash at bank and in hand54/58€48,016€32,901▼
Equity and liabilities
Total equity and liabilities10/49€343,355€320,837▼
Equity10/15€232,307€241,962▲
Contributions10/11€141,116€141,116=
Capital10€140,000€140,000=
Issued capital100€140,000€140,000=
Contributions outside capital11€1,116€1,116=
Share premium1100/10€1,116€1,116=
Reserves13€91,192€100,847▲
Non-distributable reserves130/1€5,413€5,913▲
Legal reserve130€2,755€2,755=
Reserves not available under the articles1311€2,658€3,158▲
Distributable reserves133€85,779€94,934▲
Amounts payable17/49€111,047€78,874▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€103,633€72,170▼
Current portion of amounts payable after more than one year42€3,817€0▼
Trade debts44€1,829€576▼
Suppliers440/4€1,829€576▼
Taxes, remuneration and social security45€12,040€4,961▼
Taxes450/3€12,040€4,961▼
Other amounts payable47/48€85,947€66,632▼
Accrued charges and deferred income492/3€7,414€6,704▼
Income statement Code20242025
Non-recurring operating income76A€25,386€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,460€7,403▼
Other operating charges640/8€4,979€4,966▼
Gross operating margin9900€55,352€34,086▼
Operating profit (loss)9901€42,912€21,717▼
Financial charges65/66B€6,812€7,100▲
Recurring financial charges65€6,812€7,100▲
Profit (loss) for the period before taxes9903€36,101€14,616▼
Income taxes67/77€12,040€4,961▼
Profit (loss) for the period9904€24,060€9,655▼
Profit (loss) for the period to be appropriated9905€24,060€9,655▼
Appropriation of the result
Profit (loss) to be appropriated9906€24,060€9,655▼
Transfer to equity691/2€24,060€9,655▼
To the legal reserve6920€1,250€500▼
To other reserves6921€22,810€9,155▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A----€25,236€25,386€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,764€8,764€8,764€8,649€7,610€7,460€7,403▼ 0.8%
Other operating charges640/8---€4,476€4,657€4,979€4,966▼ 0.3%
Gross operating margin9900€30,436€32,245€30,158€27,544€52,886€55,352€34,086▼ 38.4%
Operating profit (loss)9901€16,883€19,524€17,068€14,419€40,619€42,912€21,717▼ 49.4%
Financial income75/76B---€0----
Recurring financial income75€37€38€18€0----
Financial charges65/66B---€6,085€6,156€6,812€7,100▲ 4.2%
Recurring financial charges65€7,748€5,656€6,542€6,085€6,156€6,812€7,100▲ 4.2%
Profit (loss) for the period before taxes9903€9,171€13,907€10,544€8,334€34,464€36,101€14,616▼ 59.5%
Income taxes67/77€522€4,189€3,091€3,149€11,488€12,040€4,961▼ 58.8%
Profit (loss) for the period9904€8,649€9,718€7,452€5,185€22,975€24,060€9,655▼ 59.9%
Profit (loss) for the period to be appropriated9905€8,649€9,718€7,452€5,185€22,975€24,060€9,655▼ 59.9%
Line2019202020212022202320242025Change
Assets
Total assets20/58€385,493€380,166€370,886€351,343€351,989€343,355€320,837▼ 6.6%
Fixed assets21/28€340,964€332,200€323,437€314,787€304,913€295,338€287,935▼ 2.5%
Tangible fixed assets22/27€340,964€332,200€323,437€314,787€304,913€295,338€287,935▼ 2.5%
Land and buildings22---€310,480€300,701€291,222€283,857▼ 2.5%
Plant, machinery and equipment23---€4,308€4,212€4,117€4,079▼ 0.9%
Current assets29/58€44,529€47,966€47,450€36,556€47,076€48,016€32,901▼ 31.5%
Cash at bank and in hand54/58€43,737€47,966€47,450€35,687€47,076€48,016€32,901▼ 31.5%
Deferred charges and accrued income490/1---€869€0---
Equity and liabilities
Total equity and liabilities10/49€385,493€380,166€370,886€351,343€351,989€343,355€320,837▼ 6.6%
Equity10/15€162,917€172,634€180,087€185,272€208,247€232,307€241,962▲ 4.2%
Contributions10/11€140,000€140,000€140,000€141,116€141,116€141,116€141,116=
Capital10----€140,000€140,000€140,000=
Issued capital100----€140,000€140,000€140,000=
Contributions outside capital11----€1,116€1,116€1,116=
Share premium1100/10----€1,116€1,116€1,116=
Reserves13€21,801€31,519€38,971€44,156€67,132€91,192€100,847▲ 10.6%
Non-distributable reserves130/1---€3,014€4,163€5,413€5,913▲ 9.2%
Legal reserve130----€2,755€2,755€2,755=
Reserves not available under the articles1311---€3,014€1,408€2,658€3,158▲ 18.8%
Distributable reserves133---€41,142€62,969€85,779€94,934▲ 10.7%
Amounts payable17/49€222,576€207,532€190,800€166,071€143,742€111,047€78,874▼ 29.0%
Amounts payable after more than one year17€63,906€49,617€35,056€20,220€5,102€0--
Financial debts170/4---€20,220€5,102€0--
Amounts payable within one year42/48€154,187€152,953€150,822€140,719€132,207€103,633€72,170▼ 30.4%
Current portion of amounts payable after more than one year42---€14,231€13,833€3,817€0▼ 100%
Trade debts44--€1,890€957€994€1,829€576▼ 68.5%
Suppliers440/4---€957€994€1,829€576▼ 68.5%
Taxes, remuneration and social security45---€3,200€11,523€12,040€4,961▼ 58.8%
Taxes450/3---€3,200€11,523€12,040€4,961▼ 58.8%
Other amounts payable47/48---€122,331€105,856€85,947€66,632▼ 22.5%
Accrued charges and deferred income492/3---€5,133€6,433€7,414€6,704▼ 9.6%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€8,649€9,718€7,452€5,185€22,975€24,060€9,655▼ 59.9%
+ Depreciation and write-downs630€8,764€8,764€8,764€8,649€7,610€7,460€7,403▼ 0.8%
Operating cash flow (approximation)€17,412€18,481€16,216€13,834€30,585€31,520€17,058▼ 45.9%
Investment in fixed assets (approximation)-€0€0€0€2,264€2,115€0▼ 100%
Change in cash-€4,229-€516-€11,763€11,389€940-€15,115-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 38 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 08-12-2025 2025-00580273
30-06-2024 micro format 29-01-2025 2025-00027187
30-06-2023 micro format 25-01-2024 2024-00022395
30-06-2022 micro format 30-01-2023 2023-00020123
30-06-2021 micro format 26-01-2022 2022-01900304
30-06-2020 micro format 25-01-2021 2021-02100491
30-06-2019 micro format 17-12-2019 2019-76400299
30-06-2018 micro format 14-01-2019 2019-01400513
30-06-2017 micro format 12-01-2018 2018-01500310
30-06-2016 abbreviated format 13-01-2017 2017-01400171

Show all 38 filings

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