ABBIT
InactiveFrom the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2024, abbreviated format
2024 annual accounts filed late (28 days) Filed on 28 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00417276.
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 28-08-2025
- Format
- abbreviated format
- Reference
- 2025-00417276
Turnover
€2.1m▼ 5.8%
2023 · €2.2m
EBIT margin
12.5%▲ 11.9pp
2023 · 0.6%
Net result
€261,466▲ 31×
2023 · €8,549
Working capital
€157,129
2023 · -€125,030
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
After the dip in 2022 the operating result has climbed two years in a row; 2024 is nearly 21 times 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.1m
2024
Operating result€0.3m
2024
Net result€0.3m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.4m
2024
Equity€0.1m
2024
Debt€0.3m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin12.5%
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2.1
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€1.9m-€2.4m▲ 27.8%€1.0m▼ 56.9%€1.9m▲ 81.4%€1.3m▼ 29.3%€2.2m▲ 69.5%€2.1m▼ 5.8%
Operating result€0.07m-€0.07m▲ 11.3%-€0.1m€0.02m-€0.3m€0.01m€0.3m▲ 21×
Net result€0.04m-€0.05m▲ 17.8%-€0.1m€0.02m-€0.3m€0.009m€0.3m▲ 31×
EBIT margin3.5%-3.1%▼ 0.5pp-9.7%▼ 12.8pp1.1%▲ 10.8pp-20.1%▼ 21.2pp0.6%▲ 20.7pp12.5%▲ 11.9pp
Equity€0.2m-€0.2m▲ 27.4%€0.1m▼ 47.5%€0.1m▲ 12.7%-€0.1m-€0.1m▲ 6.3%€0.1m
Total assets€0.6m-€0.6m▼ 7.7%€0.3m▼ 41.7%€0.6m▲ 70.1%€0.4m▼ 31.4%€0.5m▲ 17.5%€0.4m▼ 12.2%
Debt€0.5m-€0.4m▼ 21.0%€0.2m▼ 38.1%€0.5m▲ 99.9%€0.5m▲ 18.5%€0.6m▲ 11.5%€0.3m▼ 52.9%
Working capital€0.4m-€0.2m▼ 38.1%€0.2m▼ 2.3%€0.2m▼ 30.0%-€0.1m-€0.1m▲ 5.3%€0.2m
Staff (FTE)3-3.2▲ 6.7%2.6▼ 18.8%3.2▲ 23.1%3.8▲ 18.8%2.3▼ 39.5%2.1▼ 8.7%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €418,925
Fixed assets
€1,734 ▲ 173,402×
Current assets
€417,191 ▼ 12.6%
Equity and liabilities €418,925
Equity
€133,726
Debt
€285,199
Debt finances 68.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€264,961▲
2023 · €13,119
Cash flow
€261,870▲
2023 · €8,847
Current ratio
1.60▲
2023 · 0.79
Debt to equity
2.13
ROE
195.5%
ROA
62.4%▲
2023 · 1.8%
Interest coverage
45.68▲
2023 · 3.31
Debt ≤ 1 year
€260,062▼
2023 · €602,368
Income taxes
€231▼
2023 · €357
Staff costs
€137,713▼
2023 · €147,345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.9m | €2.4m | €1.0m | €1.9m | €1.3m | €2.2m | €2.1m | ▼ 5.8% |
| Non-recurring operating income76A | - | - | - | €83 | - | - | €182 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.7m | €1.4m | €2.1m | €1.7m | ▼ 16.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.003m | €0.002m | €297 | €404 | ▲ 35.9% |
| Other operating charges640/8 | - | - | - | €453 | €0.002m | €0.03m | €0.001m | ▼ 98.4% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.07m | €0.2m | -€0.03m | €0.2m | €0.4m | ▲ 107% |
| Operating profit (loss)9901 | €0.07m | €0.07m | -€0.1m | €0.02m | -€0.3m | €0.01m | €0.3m | ▲ 21× |
| Financial income75/76B | - | - | - | €0.001m | €327 | €49 | €0.003m | ▲ 60× |
| Recurring financial income75 | €98 | €84 | €62 | €0.001m | €327 | €49 | €0.003m | ▲ 60× |
| Financial charges65/66B | - | - | - | €0.005m | €0.004m | €0.004m | €0.006m | ▲ 46.3% |
| Recurring financial charges65 | €0.009m | €0.005m | €0.006m | €0.005m | €0.004m | €0.004m | €0.006m | ▲ 46.3% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.07m | -€0.1m | €0.02m | -€0.3m | €0.009m | €0.3m | ▲ 29× |
| Income taxes67/77 | €0.02m | €0.02m | €0.002m | €0.001m | €459 | €357 | €231 | ▼ 35.5% |
| Profit (loss) for the period9904 | €0.04m | €0.05m | -€0.1m | €0.02m | -€0.3m | €0.009m | €0.3m | ▲ 31× |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.05m | -€0.1m | €0.02m | -€0.3m | €0.009m | €0.3m | ▲ 31× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €646,654 | €596,853 | €348,053 | €591,973 | €406,359 | €477,339 | €418,925 | ▼ 12.2% |
| Fixed assets21/28 | €32,689 | €19,352 | €5,920 | €2,673 | €297 | €0 | €1,734 | ▲ 173,402× |
| Tangible fixed assets22/27 | €32,689 | €19,352 | €5,920 | €2,673 | €297 | €0 | €1,734 | ▲ 173,402× |
| Plant, machinery and equipment23 | - | - | - | €1,079 | €297 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €1,593 | - | - | €1,734 | - |
| Current assets29/58 | €613,965 | €577,501 | €342,133 | €589,301 | €406,062 | €477,339 | €417,191 | ▼ 12.6% |
| Amounts receivable within one year40/41 | €511,529 | €177,919 | €192,489 | €482,284 | €226,939 | €448,159 | €343,443 | ▼ 23.4% |
| Trade receivables40 | - | - | - | €476,561 | €187,046 | €391,986 | €342,012 | ▼ 12.7% |
| Other amounts receivable41 | - | - | - | €5,723 | €39,893 | €56,173 | €1,431 | ▼ 97.5% |
| Cash at bank and in hand54/58 | €52,966 | €386,155 | €143,004 | €106,381 | €175,619 | €27,965 | €72,982 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | - | - | €635 | €3,504 | €1,214 | €765 | ▼ 37.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €646,654 | €596,853 | €348,053 | €591,973 | €406,359 | €477,339 | €418,925 | ▼ 12.2% |
| Equity10/15 | €177,951 | €226,784 | €118,953 | €134,049 | -€136,290 | -€127,740 | €133,726 | - |
| Contributions10/11 | €19,990 | €19,990 | - | €19,990 | €19,990 | €19,990 | €19,990 | = |
| Reserves13 | €157,961 | €206,794 | €98,963 | €114,059 | €114,059 | €114,059 | €114,059 | = |
| Distributable reserves133 | - | - | - | €114,059 | €114,059 | €114,059 | €114,059 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€270,339 | -€261,789 | -€323 | ▲ 99.9% |
| Amounts payable17/49 | €468,704 | €370,069 | €229,100 | €457,925 | €542,649 | €605,079 | €285,199 | ▼ 52.9% |
| Amounts payable after more than one year17 | €45,284 | €11,641 | €5,904 | - | - | - | - | - |
| Amounts payable within one year42/48 | €252,435 | €353,803 | €123,613 | €436,279 | €538,085 | €602,368 | €260,062 | ▼ 56.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,904 | - | - | €50,000 | - |
| Financial debts43 | - | - | - | - | - | €33,282 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €33,282 | - | - |
| Trade debts44 | €88,845 | €282,754 | €79,025 | €413,560 | €509,251 | €526,079 | €155,617 | ▼ 70.4% |
| Suppliers440/4 | - | - | - | €413,560 | €509,251 | €526,079 | €155,617 | ▼ 70.4% |
| Taxes, remuneration and social security45 | - | - | - | €16,815 | €28,834 | €43,007 | €51,667 | ▲ 20.1% |
| Taxes450/3 | - | - | - | €2,993 | €9,129 | €28,680 | €36,851 | ▲ 28.5% |
| Remuneration and social security454/9 | - | - | - | €13,822 | €19,705 | €14,327 | €14,816 | ▲ 3.4% |
| Other amounts payable47/48 | - | - | - | - | - | - | €2,778 | - |
| Accrued charges and deferred income492/3 | - | - | - | €21,645 | €4,564 | €2,711 | €25,137 | ▲ 827% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,458 | €48,833 | -€107,831 | €15,096 | -€270,339 | €8,549 | €261,466 | ▲ 31× |
| + Depreciation and write-downs630 | €16,046 | €15,953 | €15,779 | €3,247 | €2,376 | €297 | €404 | ▲ 35.9% |
| Operating cash flow (approximation) | €57,504 | €64,786 | -€92,053 | €18,343 | -€267,963 | €8,847 | €261,870 | ▲ 30× |
| Investment in fixed assets (approximation) | - | -€2,615 | -€2,347 | €0 | €0 | €0 | -€2,138 | - |
| Change in cash | - | €333,188 | -€243,151 | -€36,623 | €69,238 | -€147,654 | €45,017 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00417276 | |
| 31-12-2023 | abbreviated format | 18-08-2024 | 2024-00351055 | |
| 31-12-2022 | abbreviated format | 11-08-2023 | 2023-00325213 | |
| 31-12-2021 | abbreviated format | 10-08-2022 | 2022-20281036 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43600450 | |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-37400396 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41500262 | |
| 31-12-2017 | abbreviated format | 10-04-2018 | 2018-09400235 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-21100226 | |
| 31-12-2015 | abbreviated format | 23-05-2016 | 2016-12700242 |
Subsidies and aid
Flemish government
2023 · 1 entry · €338 awarded · €338 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.