ABC - MOVABLE BUILDING SYSTEMS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 26-01-2026 PDF all 30 filings
Turnover
≈ €390,000
Estimated: probably between €260,000 and €680,000
EBIT margin
Not included in this filing
Net result
-€110,810▼ 112%
2024 · -€52,229
Working capital
-€137,621▼ 407%
2024 · -€27,147
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€104,149
▼ 152%
2025
20192025
Net result
-€110,810
▼ 112%
2025
lowest quarter of the sector
20192025
Equity
-€135,488
▼ 449%
2025
lowest quarter of the sector
20192025
Total assets
€200,960
▼ 63.1%
2025
lowest quarter of the sector
20192025
Debt
€336,448
▼ 40.9%
2025
20192025
Working capital
-€137,621
▼ 407%
2025
lowest quarter of the sector
20192025
Solvency
-67.4%
▼ 62.9pp
2025
lowest quarter of the sector
20192025
Current ratio
0.59
▼ 0.37
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-55.1%
▼ 45.6pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
2.3
▲ 35.3%
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€7,669-€14,984▲ 95.4%€144,537▲ 865%-€110,552€86,367-€41,374-€104,149▼ 152%
Net result€7,647-€15,073within the sector's middle half▲ 97.1%€112,842above the sector's middle half▲ 649%-€110,665below the sector's middle half€82,274within the sector's middle half-€52,229below the sector's middle half-€110,810below the sector's middle half▼ 112%
Equity-€71,972--€56,899below the sector's middle half▲ 20.9%€55,943within the sector's middle half-€54,723below the sector's middle half€27,551below the sector's middle half-€24,678below the sector's middle half-€135,488below the sector's middle half▼ 449%
Total assets€181,710-€192,079within the sector's middle half▲ 5.7%€284,037within the sector's middle half▲ 47.9%€219,343within the sector's middle half▼ 22.8%€467,253within the sector's middle half▲ 113%€544,923within the sector's middle half▲ 16.6%€200,960below the sector's middle half▼ 63.1%
Debt€253,682-€248,978▼ 1.9%€228,094▼ 8.4%€274,065▲ 20.2%€439,703▲ 60.4%€569,601▲ 29.5%€336,448▼ 40.9%
Working capital-€60,626--€37,494below the sector's middle half▲ 38.2%€96,240above the sector's middle half-€28,966below the sector's middle half€191,839within the sector's middle half-€27,147below the sector's middle half-€137,621below the sector's middle half▼ 407%
Solvency-39.6%--29.6%below the sector's middle half▲ 10.0pp19.7%below the sector's middle half▲ 49.3pp-24.9%below the sector's middle half▼ 44.6pp5.9%below the sector's middle half▲ 30.8pp-4.5%below the sector's middle half▼ 10.4pp-67.4%below the sector's middle half▼ 62.9pp
Current ratio0.73-0.83below the sector's middle half▲ 0.101.53within the sector's middle half▲ 0.710.88below the sector's middle half▼ 0.651.72within the sector's middle half▲ 0.840.95below the sector's middle half▼ 0.770.59below the sector's middle half▼ 0.37
Return on assets (ROA)4.2%-7.8%within the sector's middle half▲ 3.6pp39.7%above the sector's middle half▲ 31.9pp-50.5%below the sector's middle half▼ 90.2pp17.6%above the sector's middle half▲ 68.1pp-9.6%below the sector's middle half▼ 27.2pp-55.1%below the sector's middle half▼ 45.6pp
Staff (FTE)1.7below the sector's middle half2.3below the sector's middle half▲ 35.3%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €104,149, larger than the loss of €41,374 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,960
Fixed assets
€6,539 ▲ 1.6%
Current assets
€194,421 ▼ 63.9%
Equity and liabilities
Equity-€135,488
Debt€336,448
Equity is negative. Debt (€336,448) exceeds the balance-sheet total (€200,960).
Key figures and ratios
EBITDA
-€101,720▼
2024 · -€37,692
Cash flow
-€108,381▼
2024 · -€48,547
Quick ratio
0.50▼
2024 · 0.89
Interest coverage
-14.09▼
2024 · -3.39
Debt ≤ 1 year
€332,042▼
2024 · €565,636
Income taxes
€201▲
2024 · -€128
Staff costs
€145,492▲
2024 · €101,847
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 3 |
| full-time | 2 | 3 |
| in full-time equivalents | 2 | 3 |
| Average over the year, in full-time equivalents | 1.7 | 2.3 |
| On a permanent contract | 1 | 3 |
| Joined | 3 | 2 |
| Left | 1 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,310 | €3,712 | €1,127 | €2,676 |
| Financial fixed assets | - | €2,250 | €257 | - |
| Depreciation and write-downs of the year | €2,308 | €3,244 | €3,682 | €2,429 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €2,480 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €101,847 | €145,492 | ▲ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,427 | €7,542 | €7,597 | €2,308 | €3,244 | €3,682 | €2,429 | ▼ 34.0% |
| Other operating charges640/8 | - | - | - | €1,745 | €1,539 | €4,176 | €922 | ▼ 77.9% |
| Gross operating margin9900 | €15,698 | €23,153 | €152,834 | -€106,498 | €91,150 | €68,331 | €44,694 | ▼ 34.6% |
| Operating profit (loss)9901 | €7,669 | €14,984 | €144,537 | -€110,552 | €86,367 | -€41,374 | -€104,149 | ▼ 152% |
| Financial income75/76B | - | - | - | €151 | €123 | €120 | €761 | ▲ 536% |
| Recurring financial income75 | €160 | €212 | €71 | €151 | €123 | €120 | €761 | ▲ 536% |
| Financial charges65/66B | - | - | - | €137 | €4,088 | €11,103 | €7,221 | ▼ 35.0% |
| Recurring financial charges65 | €182 | €123 | €159 | €137 | €4,088 | €11,103 | €7,221 | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | €7,647 | €15,073 | €144,448 | -€110,537 | €82,402 | -€52,357 | -€110,610 | ▼ 111% |
| Income taxes67/77 | - | - | €31,606 | €128 | €128 | -€128 | €201 | - |
| Profit (loss) for the period9904 | €7,647 | €15,073 | €112,842 | -€110,665 | €82,274 | -€52,229 | -€110,810 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €7,647 | €15,073 | €112,842 | -€110,665 | €82,274 | -€52,229 | -€110,810 | ▼ 112% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €181,710 | €192,079 | €284,037 | €219,343 | €467,253 | €544,923 | €200,960 | ▼ 63.1% |
| Fixed assets21/28 | €20,425 | €12,366 | €7,255 | €6,015 | €8,733 | €6,435 | €6,539 | ▲ 1.6% |
| Tangible fixed assets22/27 | €16,990 | €12,366 | €7,255 | €6,015 | €6,483 | €3,928 | €4,032 | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €5,071 | €3,159 | €1,035 | €1,080 | ▲ 4.3% |
| Furniture and vehicles24 | - | - | - | €944 | €3,324 | €2,893 | €2,952 | ▲ 2.1% |
| Financial fixed assets28 | €3,435 | €0 | - | - | €2,250 | €2,507 | €2,507 | = |
| Current assets29/58 | €161,285 | €179,712 | €276,782 | €213,328 | €458,521 | €538,489 | €194,421 | ▼ 63.9% |
| Stocks and contracts in progress3 | - | €10,926 | €0 | - | €16,932 | €36,784 | €29,975 | ▼ 18.5% |
| Stocks30/36 | - | - | - | - | €16,932 | €36,784 | €29,975 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €138,332 | €106,611 | €180,539 | €183,682 | €384,051 | €455,934 | €130,722 | ▼ 71.3% |
| Trade receivables40 | - | - | - | €162,063 | €383,761 | €381,692 | €122,327 | ▼ 68.0% |
| Other amounts receivable41 | - | - | - | €21,619 | €290 | €74,242 | €8,395 | ▼ 88.7% |
| Cash at bank and in hand54/58 | €20,606 | €48,827 | €95,868 | €16,609 | €57,451 | €43,935 | €28,989 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | - | - | - | €13,037 | €87 | €1,836 | €4,735 | ▲ 158% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €181,710 | €192,079 | €284,037 | €219,343 | €467,253 | €544,923 | €200,960 | ▼ 63.1% |
| Equity10/15 | -€71,972 | -€56,899 | €55,943 | -€54,723 | €27,551 | -€24,678 | -€135,488 | ▼ 449% |
| Contributions10/11 | €24,789 | €0 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Profit (loss) carried forward14 | -€96,761 | -€81,688 | €31,153 | -€79,512 | €2,762 | -€49,467 | -€160,277 | ▼ 224% |
| Amounts payable17/49 | €253,682 | €248,978 | €228,094 | €274,065 | €439,703 | €569,601 | €336,448 | ▼ 40.9% |
| Amounts payable after more than one year17 | €31,771 | €31,771 | €31,771 | €31,771 | - | - | - | - |
| Financial debts170/4 | - | - | - | €31,771 | - | - | - | - |
| Amounts payable within one year42/48 | €221,910 | €217,206 | €180,543 | €242,294 | €266,682 | €565,636 | €332,042 | ▼ 41.3% |
| Trade debts44 | €8,352 | €64,304 | €35,275 | €72,107 | €136,837 | €396,056 | €133,456 | ▼ 66.3% |
| Suppliers440/4 | - | - | - | €72,107 | €136,837 | €396,056 | €133,456 | ▼ 66.3% |
| Advances received on contracts in progress46 | - | - | - | €70,047 | €10,840 | - | €17,692 | - |
| Taxes, remuneration and social security45 | - | - | - | €128 | €21,152 | €21,601 | €25,410 | ▲ 17.6% |
| Taxes450/3 | - | - | - | €128 | €21,152 | €3,507 | €5,217 | ▲ 48.7% |
| Remuneration and social security454/9 | - | - | - | - | - | €18,094 | €20,194 | ▲ 11.6% |
| Other amounts payable47/48 | - | - | - | €100,011 | €97,854 | €147,978 | €155,484 | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €173,020 | €3,965 | €4,406 | ▲ 11.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,647 | €15,073 | €112,842 | -€110,665 | €82,274 | -€52,229 | -€110,810 | ▼ 112% |
| + Depreciation and write-downs630 | €7,427 | €7,542 | €7,597 | €2,308 | €3,244 | €3,682 | €2,429 | ▼ 34.0% |
| Operating cash flow (approximation) | €15,075 | €22,614 | €120,439 | -€108,357 | €85,518 | -€48,547 | -€108,381 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €517 | -€2,485 | -€1,068 | -€5,962 | -€1,384 | -€2,534 | ▼ 83.0% |
| Change in cash | - | €28,220 | €47,041 | -€79,259 | €40,843 | -€13,517 | -€14,945 | ▼ 10.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as ABC - MOVABLE BUILDING SYSTEMS has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ABC - MOVABLE BUILDING SYSTEMS itself: 5.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for ABC - MOVABLE BUILDING SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 26-01-2026 | 2026-00015040 | |
| 30-06-2024 | full format | 13-02-2025 | 2025-00033975 | |
| 30-06-2023 | full format | 30-01-2024 | 2024-00013079 | |
| 30-06-2022 | micro format | 23-09-2022 | 2022-20433980 | |
| 30-06-2021 | micro format | 21-01-2022 | 2022-01300306 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02400497 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03100403 | |
| 30-06-2018 | micro format | 01-02-2019 | 2019-03600084 | |
| 30-06-2017 | micro format | 16-02-2018 | 2018-05000192 | |
| 30-06-2016 | full format | 24-02-2017 | 2017-05000291 |