ABC RELATIONS
ActiveSummary
The computed 12-month bankruptcy probability of ABC RELATIONS is 1.7% (moderate). The 2025 annual accounts show equity of €3,144 and a net result of -€2,501. Equity is shrinking by ~22.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 39% of 1560 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency45▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.25 against 1.85 in 2024; short-term debt: 79.8% and cash: 32.1% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
20.2%
Return on assets
-16.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,501
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 10-07-2026, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
21 d early
2024
34 d early
2023
28 d early
2022
39 d early
2021
48 d early
2020
29 d early
2019
45 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,144▼ 44.3%
2024 · €5,645
Total assets
€15,549▲ 40.7%
2024 · €11,049
Net result
-€2,501▲ 75.7%
2024 · -€10,289
Working capital
€3,144▼ 31.2%
2024 · €4,568
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,095-€4,179▼ 99.5%-€3,571▲ 14.6%-€9,970▼ 179%-€2,145▲ 78.5%
Net result-€2,366-€4,359▼ 84.3%-€3,903▲ 10.5%-€10,289▼ 164%-€2,501▲ 75.7%
Equity€24,196▼ 8.9%€19,837▼ 18.0%€15,934▼ 19.7%€5,645▼ 64.6%€3,144▼ 44.3%
Total assets€36,196▼ 11.8%€30,640▼ 15.3%€26,374▼ 13.9%€11,049▼ 58.1%€15,549▲ 40.7%
Debt€12,000▼ 17.1%€10,803▼ 10.0%€10,441▼ 3.4%€5,404▼ 48.2%€12,405▲ 130%
Working capital€22,514▲ 5.3%€19,642▼ 12.8%€15,934▼ 18.9%€4,568▼ 71.3%€3,144▼ 31.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,145 in 2025 against €9,970 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15,549
Equity
€3,144 ▼ 44.3%
Debt
€12,405 ▲ 130%
Debt's share of the balance-sheet total rises from 48.9% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,145▲
2024 · -€9,895
Cash flow
-€2,501▲
2024 · -€10,214
Current ratio
1.25▼
2024 · 1.85
Debt to equity
3.95▲
2024 · 0.96
ROE
-79.5%▲
2024 · -182.3%
ROA
-16.1%▲
2024 · -93.1%
Interest coverage
-10.87▲
2024 · -68.06
Debt ≤ 1 year
€12,405▲
2024 · €5,404
Income taxes
€159▼
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8,750 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,500 | €1,486 | €195 | €75 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,680 | -€1,680 | ▼ 200% |
| Other operating charges640/8 | €111 | €174 | €499 | €126 | €591 | ▲ 369% |
| Non-recurring operating charges66A | - | - | - | - | €377 | - |
| Gross operating margin9900 | €1,516 | -€2,519 | -€2,876 | -€8,089 | -€2,856 | ▲ 64.7% |
| Operating profit (loss)9901 | -€2,095 | -€4,179 | -€3,571 | -€9,970 | -€2,145 | ▲ 78.5% |
| Financial income75/76B | €0 | €0 | €1 | €1 | €0 | ▼ 93.0% |
| Recurring financial income75 | €0 | €0 | €1 | €1 | €0 | ▼ 93.0% |
| Financial charges65/66B | €161 | €180 | €202 | €145 | €197 | ▲ 35.7% |
| Recurring financial charges65 | €161 | €180 | €202 | €145 | €197 | ▲ 35.7% |
| Profit (loss) for the period before taxes9903 | -€2,256 | -€4,360 | -€3,772 | -€10,115 | -€2,342 | ▲ 76.8% |
| Income taxes67/77 | €110 | -€1 | €132 | €174 | €159 | ▼ 9.0% |
| Profit (loss) for the period9904 | -€2,366 | -€4,359 | -€3,903 | -€10,289 | -€2,501 | ▲ 75.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,366 | -€4,359 | -€3,903 | -€10,289 | -€2,501 | ▲ 75.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,196 | €30,640 | €26,374 | €11,049 | €15,549 | ▲ 40.7% |
| Fixed assets21/28 | €1,682 | €195 | €0 | €1,077 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,682 | €195 | €0 | €1,077 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €457 | €195 | €0 | - | - | - |
| Furniture and vehicles24 | €1,224 | €0 | - | €1,077 | €0 | ▼ 100% |
| Current assets29/58 | €34,514 | €30,445 | €26,374 | €9,972 | €15,549 | ▲ 55.9% |
| Amounts receivable within one year40/41 | €17,655 | €22,534 | €20,953 | €5,078 | €10,555 | ▲ 108% |
| Trade receivables40 | €13,851 | €19,019 | €19,560 | €4,112 | €10,542 | ▲ 156% |
| Other amounts receivable41 | €3,804 | €3,515 | €1,393 | €967 | €13 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €16,247 | €7,381 | €4,447 | €4,290 | €4,994 | ▲ 16.4% |
| Deferred charges and accrued income490/1 | €612 | €529 | €975 | €603 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,196 | €30,640 | €26,374 | €11,049 | €15,549 | ▲ 40.7% |
| Equity10/15 | €24,196 | €19,837 | €15,934 | €5,645 | €3,144 | ▼ 44.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,860 | €23,860 | €23,860 | €23,860 | €23,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €22,000 | €22,000 | €23,860 | €23,860 | €23,860 | = |
| Profit (loss) carried forward14 | -€18,264 | -€22,623 | -€26,526 | -€36,815 | -€39,316 | ▼ 6.8% |
| Amounts payable17/49 | €12,000 | €10,803 | €10,441 | €5,404 | €12,405 | ▲ 130% |
| Amounts payable within one year42/48 | €12,000 | €10,803 | €10,441 | €5,404 | €12,405 | ▲ 130% |
| Trade debts44 | €0 | €486 | €2,870 | €175 | €3,855 | ▲ 2,104% |
| Suppliers440/4 | €0 | €486 | €2,870 | €175 | €3,855 | ▲ 2,104% |
| Taxes, remuneration and social security45 | €1 | €0 | €132 | €306 | €483 | ▲ 58.0% |
| Taxes450/3 | €1 | €0 | €132 | €306 | €483 | ▲ 58.0% |
| Other amounts payable47/48 | €11,999 | €10,317 | €7,440 | €4,923 | €8,066 | ▲ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,366 | -€4,359 | -€3,903 | -€10,289 | -€2,501 | ▲ 75.7% |
| + Depreciation and write-downs630 | €3,500 | €1,486 | €195 | €75 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1,134 | -€2,873 | -€3,708 | -€10,214 | -€2,501 | ▲ 75.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,152 | €1,077 | ▲ 194% |
| Change in cash | - | -€8,866 | -€2,934 | -€156 | €704 | ▲ 550% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-03
State Gazette act
Resignation: Jean-Bernard Trussart (director)Appointment: MAARTENS MASTER KITCHEN (director) · Permanent representative: Aline Arnouts · Director discharge7 facts ▸
State Gazette act
Resignation: Jean-Bernard Trussart (director)
Appointment: MAARTENS MASTER KITCHEN (director) · Permanent representative: Aline Arnouts · Director discharge7 facts ▸
- General meeting, 9 maart 2026
- Director resignation, Jean-Bernard Trussart (director)
- Director appointment, MAARTENS MASTER KITCHEN (director)
- Permanent representative, Aline Arnouts
- Director discharge, Jean-Bernard Trussart (director)
- Registered-office move, 8301 Knokke-Heist, Duinbergenlaan 127
- Power of attorney, Tim Laureys Advocaten CV
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,015
Net result €2,015 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€18,530
Net result drops to -€18,530, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
MAARTENS MASTER KITCHEN
CurrentDirector · since 09-03-2026 · Private limited company · perm. rep.: Aline Arnouts
Permanent representatives 1
Aline Arnouts
CurrentPermanent representative · since 09-03-2026 · for MAARTENS MASTER KITCHEN
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 2017
Ground area
995 m²
Building footprint
1,006 m²
Volume, LiDAR
26,842 m³
2 parcels, Flanders · tallest building 35.3 m, ±11 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ABC RELATIONS
since 20172.263.704.539
.
since 20262.387.918.977
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337F0062/00A000 | Flanders | 910 m² | 1 · 910 m² | 35.3 m · 11 fl. |
| 31334B0059/00_000 | Flanders | 85 m² | 1 · 96 m² | 27.5 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MAARTENS MASTER KITCHEN |
|
| Jean-Bernard Trussart |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Of 608 companies in sector 10520 we hold annual accounts for 235. 59 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
70200Business and other management consultancy
47110Non-specialised retail sale with food, beverages or tobacco predominating
47271Retail trade
56112Limited-service restaurants, excluding mobile food services
71111Activities of building architects
90111Literary creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673706372
Also
9925:BE0673706372
Registered
28-04-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.