ABCD (0451.257.361): annual accounts, directors and company register

ABCD

Ghent ·KBO/BCE: BE 0451.257.361

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

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%

Company	Total assets	Gross margin	Solvency	Staff
ABCD Ghent	€73,935	€102,165	66.4%	-
MEGALIGHT Ixelles	€172,149	€96,783	69.2%	-
Courtisane Ghent	€30,157	€112,695	16.0%	-
SOCIETE DE TRADING, DE COMMERCE ET D'INDUSTRIE Neupré	€207,261	€164,040	68.4%	-
AGLM Wavre	€212,173	€57,147	69.5%	-
PALACE Aalst	€154,418	€368,489	7.9%	4.9
CINEMA CENTRAL NINOVE Ninove	€67,151	€11,345	46.7%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	73,935	67,473	55,616	50,575	64,012	68,346	85,488	96,745	87,037	80,697	76,160	56,747	55,308	60,706	98,874	117,621	217,438	224,529
Fixed assets`21/28`	25,155	9,470	12,896	16,118	24,364	32,190	37,657	46,659	36,815	39,882	42,225	27,114	24,867	33,917	41,569	96,108	106,106	109,211
Tangible fixed assets`22/27`	16,450	765	4,192	7,413	15,659	23,485	28,953	37,955	29,087	32,153	34,496	19,385	17,138	26,188	33,840	95,879	105,877	108,982
Land and buildings`22`	-	-	1,882	4,733	7,716	11,373	15,650	18,745	22,846	-	-	-	-	-	-	64,030	70,810	77,590
Plant, machinery and equipment`23`	-	-	1,000	2,000	3,179	4,445	1,464	2,910	4,221	5,810	5,240	5,712	5,303	9,908	11,053	14,271	10,857	7,661
Furniture and vehicles`24`	16,450	765	1,309	680	4,764	7,667	11,839	16,299	2,019	1,724	1,284	275	3,291	5,482	8,339	423	731	1,039
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	24,618	27,972	13,398	8,544	10,798	14,448	17,155	23,479	22,692
Financial fixed assets`28`	8,705	8,705	8,705	8,705	8,705	8,705	8,705	8,705	7,729	7,729	7,729	7,729	7,729	7,729	7,729	229	229	229
Current assets`29/58`	48,780	58,004	42,720	34,457	39,648	36,156	47,831	50,086	50,221	40,816	33,935	29,633	30,441	26,789	57,305	21,513	111,332	115,318
Stocks and contracts in progress`3`	38,814	43,578	27,774	29,604	26,989	30,339	40,799	41,115	34,833	27,010	14,629	7,482	4,983	6,920	5,913	-	-	-
Stocks`30/36`	38,814	43,578	27,774	29,604	26,989	30,339	40,799	41,115	34,833	27,010	14,629	7,482	4,983	6,920	5,913	-	-	-
Amounts receivable within one year`40/41`	-	4,337	1,658	-	-	838	626	626	649	859	3,359	9,189	11,294	14,962	21,756	19,254	99,109	99,064
Trade receivables`40`	-	-	1,658	-	-	-	-	-	-	-	-	-	-	-	3,881	10,014	83,148	29,191
Other amounts receivable`41`	-	4,337	-	-	-	838	626	626	649	859	3,359	9,189	11,294	14,962	17,875	9,240	15,961	69,873
Cash at bank and in hand`54/58`	9,468	7,908	11,959	2,534	9,577	2,378	5,308	4,943	12,321	12,560	13,427	12,775	11,966	4,310	27,971	2,259	9,363	14,192
Deferred charges and accrued income`490/1`	498	2,180	1,330	2,320	3,082	2,600	1,098	3,401	2,418	387	2,520	187	2,198	597	1,665	-	2,860	2,062
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	73,935	67,473	55,616	50,575	64,012	68,346	85,488	96,745	87,037	80,697	76,160	56,747	55,308	60,706	98,874	117,621	217,438	224,529
Equity`10/15`	49,125	43,360	31,979	8,917	7,561	-12,679	-7,199	947	11,924	11,603	11,263	9,393	20,986	32,885	83,799	-23,362	65,168	56,147
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	30,525	24,760	65,200	65,200	65,200	65,200	65,200	65,200	65,200	65,200	65,199	65,199	65,199	65,199	65,199	46,568	46,568	37,789
Non-distributable reserves`130/1`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,859
Reserves not available under the articles`1311`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	30,525	24,760	65,200	65,200	63,340	63,340	63,340	63,340	63,340	63,340	63,339	63,339	63,339	63,339	63,339	44,708	44,708	35,930
Profit (loss) carried forward`14`	-	-	-51,821	-74,882	-76,238	-96,479	-90,999	-82,853	-71,876	-72,197	-72,536	-74,406	-62,813	-50,914	-	-88,530	-	-242
Amounts payable`17/49`	24,810	24,113	23,637	41,657	56,450	81,025	92,688	95,798	75,112	69,094	64,897	47,354	34,322	27,821	15,075	140,983	152,270	168,382
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,031	50,182	75,532
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,031	50,182	75,532
Amounts payable within one year`42/48`	24,810	24,113	23,637	41,657	56,450	58,825	78,088	91,198	68,862	63,694	62,397	47,354	34,322	18,200	15,075	116,952	102,088	92,850
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,727	25,351	23,648
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,682	39,903	44,014
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,682	39,903	44,014
Trade debts`44`	2,763	5,759	5,288	10,760	4,387	19,356	23,871	32,059	36,166	36,328	45,871	41,002	30,704	9,093	8,924	41,155	25,243	16,244
Suppliers`440/4`	2,763	5,759	5,288	10,760	4,387	19,356	23,871	32,059	36,166	36,328	45,871	41,002	30,704	9,093	8,924	41,155	25,243	16,244
Taxes, remuneration and social security`45`	20,427	18,354	7,726	8,877	12,098	5,522	24,560	28,913	17,379	14,902	9,353	6,035	3,618	9,107	6,151	13,780	11,591	8,944
Taxes`450/3`	5,727	5,340	4,540	5,606	5,175	3,805	12,161	12,961	10,650	10,084	8,552	6,035	3,618	7,932	6,151	10,920	11,591	8,944
Remuneration and social security`454/9`	14,700	13,014	3,186	3,271	6,923	1,717	12,399	15,952	6,729	4,817	801	-	-	1,175	-	2,860	-	-
Other amounts payable`47/48`	1,619	-	10,623	22,021	39,966	33,947	29,657	30,227	15,317	12,465	7,173	317	-	-	-	608	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	22,200	14,600	4,600	6,250	5,400	2,500	-	-	9,621	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186,371	-	-	-
Non-recurring operating income`76A`	-	3,394	-	-	-	-	83	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	102,165	113,428	110,764	80,102	66,769	58,301	145,175	151,612	141,207	140,890	121,821	99,932	85,672	58,335	197,681	-58,051	44,877	41,405
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175,519	-	-	-
Remuneration, social security and pensions`62`	83,974	91,528	74,753	64,527	33,823	45,342	120,249	124,748	105,123	104,105	92,088	82,150	66,908	83,205	51,084	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	4,790	3,427	4,396	8,246	8,830	10,467	10,184	11,851	8,224	8,006	7,557	9,500	9,875	11,492	13,948	19,134	17,670	15,537
Other operating charges`640/8`	5,968	6,031	7,214	7,463	2,720	6,130	18,324	19,572	19,896	24,698	16,279	13,078	12,034	14,540	11,613	3,968	7,020	2,053
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-	-	-
Operating profit (loss)`9901`	7,433	12,443	24,401	-133	21,395	-3,638	-3,582	-4,559	7,963	4,081	5,897	-4,796	-3,145	-50,902	121,036	-81,153	20,187	23,815
Financial income`75/76B`	38	13	1	3,175	22	411	-	29	-	27	2	79	376	793	617	130	32	43
Recurring financial income`75`	38	13	1	3,175	22	411	-	29	-	27	2	79	376	793	617	130	32	43
Financial charges`65/66B`	1,091	1,004	1,243	1,594	1,087	2,157	4,459	6,447	7,589	3,715	3,976	6,223	2,980	758	8,968	7,507	8,934	8,707
Recurring financial charges`65`	1,091	1,004	1,243	1,594	1,087	2,157	4,459	6,447	7,589	3,715	3,976	6,223	2,980	758	8,968	7,507	8,934	8,707
Profit (loss) for the period before taxes`9903`	6,380	11,451	23,159	1,448	20,329	-5,385	-8,041	-10,977	374	393	1,923	-11,540	-5,749	-50,867	112,685	-88,530	11,285	15,151
Income taxes`67/77`	614	70	98	92	89	94	106	-	53	53	53	53	6,150	47	5,524	-	2,264	2,462
Profit (loss) for the period`9904`	5,765	11,381	23,061	1,356	20,240	-5,479	-8,147	-10,977	321	340	1,870	-11,593	-11,899	-50,914	107,161	-88,530	9,021	12,689
Profit (loss) for the period to be appropriated`9905`	5,765	11,381	23,061	1,356	20,240	-5,479	-8,147	-10,977	321	340	1,870	-11,593	-11,899	-50,914	107,161	-88,530	9,021	12,689
Appropriation of the result
Profit (loss) to be appropriated`9906`	5,765	-40,440	-51,821	-74,882	-76,238	-96,479	-90,999	-82,853	-71,876	-72,197	-72,536	-74,406	-62,813	-50,914	18,631	-88,530	8,779	-242
Profit (loss) brought forward from the previous period`14P`	-	-51,821	-74,882	-76,238	-96,479	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	40,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	5,765	-	-	-	-	-	-	-	-	-	-	-	-	-	18,631	-	8,779	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-
To other reserves`6921`	5,765	-	-	-	-	-	-	-	-	-	-	-	-	-	18,631	-	8,778	-
Social balance sheet
Average staff (FTE)`9087`	1.8	2	1.7	2.6	5	2.9	3.5	3.7	3.3	3.1	2.9	2.5	2.6	2.6	1.8	-	-	-
Hours worked`1013`	3,093	3,176	3,024	2,556	655	1,675	6,522	7,088	6,131	6,076	5,373	4,828	3,834	5,260	3,297	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	19-06-2026	2026-00175028	PDF
31-12-2024	micro format	13-06-2025	2025-00136065	PDF
31-12-2023	micro format	11-06-2024	2024-00120733	PDF
31-12-2022	micro format	14-06-2023	2023-00126935	PDF
31-12-2021	micro format	12-08-2022	2022-20284826	PDF
31-12-2020	micro format	27-08-2021	2021-55200034	PDF
31-12-2019	micro format	14-09-2020	2020-53800082	PDF
31-12-2018	micro format	16-09-2019	2019-64500303	PDF
31-12-2017	micro format	30-08-2018	2018-56600408	PDF
31-12-2016	micro format	30-08-2017	2017-55400248	PDF
31-12-2015	abbreviated format	12-08-2016	2016-43300245	PDF
31-12-2014	abbreviated format	07-09-2015	2015-58400514	PDF
31-12-2013	abbreviated format	05-09-2014	2014-58200258	PDF
31-12-2012	abbreviated format	21-09-2013	2013-59600424	PDF
31-12-2011	abbreviated format	27-06-2012	2012-25000250	PDF
31-12-2010	abbreviated format	24-06-2011	2011-21800573	PDF
31-12-2009	abbreviated format	08-09-2010	2010-54200317	PDF
31-12-2008	abbreviated format	11-09-2009	2009-75800028	PDF
31-12-2007	abbreviated format	12-09-2008	2008-71600388	PDF
31-12-2006	abbreviated format	19-11-2007	2007-80200090	PDF
31-12-2005	abbreviated format	24-07-2006	2006-51702238	PDF
31-12-2004	abbreviated format	13-07-2005	2005-49003712	PDF
31-12-2003	abbreviated format	08-06-2004	2004-21700001	PDF
31-12-2002	abbreviated format	12-06-2003	2003-23001323	PDF
31-12-2001	abbreviated format	22-07-2002	2002-40504986	PDF
31-12-2000	abbreviated format	14-09-2001	2001-56402104	PDF
31-12-1999	abbreviated format	26-06-2000	2000-26800289	PDF
31-12-1998	abbreviated format	19-10-1999	1999-53900082	PDF
31-12-1997	abbreviated format	23-06-1998	1998-20703527	PDF
31-12-1996	abbreviated format	17-06-1997	1997-16300249	PDF
31-12-1995	abbreviated format	17-06-1996	1996-16903688	PDF
31-12-1994	abbreviated format	30-06-1995	1995-32603791	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	12,223	15,869	28,797	8,113	30,225	6,829	6,602	7,292	16,188	12,087	13,454	4,704	6,730	-39,410	134,984	-62,019	37,857	39,352
Cash flow	10,556	14,808	27,457	9,602	29,070	4,988	2,037	874	8,546	8,346	9,427	-2,093	-2,024	-39,422	121,109	-69,396	26,691	28,226
Investment in fixed assets (approximation)	20,476	0	1,174	0	1,004	5,000	1,182	21,695	5,158	6,035	22,668	11,747	825	3,840	23,440	9,136	14,565	12,108
Change in cash	1,560	-4,050	9,425	-7,043	7,199	-2,929	364	-7,378	-238	-867	652	809	7,656	-23,661	25,712	-7,104	-4,829	-
Working capital	23,970	33,891	19,083	-7,200	-16,802	-22,669	-30,257	-41,112	-18,641	-22,879	-28,462	-17,721	-3,881	8,589	42,230	-95,439	9,244	22,468
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64.9%	-	-	-
Solvency	66.4%	64.3%	57.5%	17.6%	11.8%	-18.6%	-8.4%	1.0%	13.7%	14.4%	14.8%	16.6%	37.9%	54.2%	84.8%	-19.9%	30.0%	25.0%
Current ratio	1.97	2.41	1.81	0.83	0.70	0.61	0.61	0.55	0.73	0.64	0.54	0.63	0.89	1.47	3.80	0.18	1.09	1.24
Quick ratio	0.40	0.60	0.63	0.12	0.22	0.10	0.09	0.10	0.22	0.22	0.31	0.47	0.74	1.09	3.41	0.18	1.09	1.24
Debt to equity	0.51	0.56	0.74	4.67	7.47	-	-	-	6.30	5.95	5.76	5.04	1.64	0.85	0.18	-	2.34	3.00
ROE	11.7%	26.2%	72.1%	15.2%	267.7%	-	-	-	2.7%	2.9%	16.6%	-123.4%	-56.7%	-154.8%	127.9%	-	13.8%	22.6%
ROA	7.8%	16.9%	41.5%	2.7%	31.6%	-8.0%	-9.5%	-11.3%	0.4%	0.4%	2.5%	-20.4%	-21.5%	-83.9%	108.4%	-75.3%	4.1%	5.7%
Interest coverage	11.21	15.80	23.17	5.09	27.80	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8 days	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19 days	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	3	3	2	4
full-time	1	1	1	1	1
part-time	1	2	2	1	3
in full-time equivalents	1.7	1.8	1.8	1.7	2.2
Average over the year, in full-time equivalents	1.8	1.8	1.7	2.2	2.5
On a permanent contract	2	3	3	2	4
Joined	0	-	5	3	1
Left	1	-	4	5	4

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€20,476	-	€1,174	-	€1,004
Depreciation and write-downs of the year	€4,790	€3,427	€4,396	€8,246	€8,830

Overview

Lifetime

Key points

Equity

Turnover

Investments

Staff

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on ABCD

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency66.4%

Current ratio1.97

Return on assets7.8%

Staff

Staff cost per FTE€46,652

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €2,000 awarded, €2,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on ABCD

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Recognitions

Food safety, FASFC