ABCellulose
ActiveABCellulose has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €11k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-10
Solvency63▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.34 in 2024; short-term debt: 29.1% and cash: 0.5% of total assets), and 62.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.8%
Return on assets
1.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
20 d early
2023
19 d early
2022
25 d early
2021
25 d early
2020
26 d early
2019
44 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€238k▲ 4.9%
2024 · €227k
2018: €171k
2019: €145k
2020: €162k
2021: €186k
2022: €205k
2023: €218k
2024: €227k
2018 → 2025
Total assets
€631k▲ 12.7%
2024 · €560k
2018: €728k
2019: €672k
2020: €650k
2021: €648k
2022: €590k
2023: €585k
2024: €560k
2018 → 2025
Net result
€11k▼ 38.6%
2024 · €18k
2018: €87
2019: €-26k
2020: €17k
2021: €24k
2022: €20k
2023: €30k
2024: €18k
2018 → 2025
Working capital
€-144k▼ 56.5%
2024 · €-92k
2018: €-150k
2019: €-201k
2020: €-158k
2021: €-107k
2022: €-115k
2023: €-104k
2024: €-92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€205k▲ 10.7%€218k▲ 6.2%€227k▲ 4.2%€238k▲ 4.9%
Operating result€50k-€48k▼ 3.1%€52k▲ 8.3%€45k▼ 13.6%€34k▼ 25.3%
Net result€24k-€20k▼ 16.5%€30k▲ 52.7%€18k▼ 40.3%€11k▼ 38.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €631k
Fixed assets
€591k▲ 15.6%
Current assets
€40k▼ 17.3%
Equity and liabilities €631k
Equity
€238k▲ 4.9%
Debt
€393k▲ 18.1%
The debt ratio rises from 59.4% to 62.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73k▼
2024 · €84k
Cash flow
€51k▼
2024 · €57k
Solvency
37.8%▼
2024 · 40.6%
Current ratio
0.22▼
2024 · 0.34
Quick ratio
0.21▲
2024 · 0.13
Debt / equity
1.65▲
2024 · 1.46
ROE
4.7%▼
2024 · 8.0%
ROA
1.8%▼
2024 · 3.2%
Interest coverage
4.33▼
2024 · 5.26
Debt
€393k▲
2024 · €333k
Debt ≤ 1 year
€184k▲
2024 · €140k
Debt > 1 year
€201k▲
2024 · €186k
Income taxes
€6k▼
2024 · €11k
Staff costs
€21k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€560k€631k▲
Fixed assets21/28€512k€591k▲
Intangible fixed assets21€2k€272▼
Tangible fixed assets22/27€510k€591k▲
Land and buildings22€478k€574k▲
Plant, machinery and equipment23€12k€933▼
Furniture and vehicles24€20k€16k▼
Current assets29/58€48k€40k▼
Stocks and contracts in progress3€29k€2k▼
Stocks30/36€29k€2k▼
Amounts receivable within one year40/41€11k€29k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€2€9k▲
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€560k€631k▲
Equity10/15€227k€238k▲
Contributions10/11€150k€150k=
Reserves13€76k€87k▲
Tax-exempt reserves132€11k€11k=
Distributable reserves133€66k€77k▲
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€333k€393k▲
Amounts payable after more than one year17€186k€201k▲
Financial debts170/4€186k€201k▲
Amounts payable within one year42/48€140k€184k▲
Current portion of amounts payable after more than one year42€32k€26k▼
Financial debts43€9k€920▼
Credit institutions430/8€9k€920▼
Trade debts44€13k€33k▲
Suppliers440/4€13k€33k▲
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€4k€950▼
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€75k€118k▲
Accrued charges and deferred income492/3€6k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€15k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A-€390
Gross operating margin9900€105k€100k▼
Operating profit (loss)9901€45k€34k▼
Financial income75/76B€9€5▼
Recurring financial income75€9€5▼
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€29k€17k▼
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€18k€11k▼
Profit (loss) for the period to be appropriated9905€18k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€12k▼
Profit (loss) brought forward from the previous period14P€935€1k▲
Transfer from equity791/2€9k€0▼
Transfer to equity691/2€18k€11k▼
To other reserves6921€18k€11k▼
Profit to be distributed694/7€9k€0▼
Return on contributions (dividend)694€9k€0▼
Directors or managers695€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €30k ▲52.7%
Operating result €52k, net result €30k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €205k ▲10.7%
3 profitable years in a row build equity to €205k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Equity above €150kEq €162k ▲11.6%
Equity rises from €145k to €162k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-26k ▼29683%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Asse · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Doornveld 1841731 AsseGround area
392 m²
Parcel 21003A0207/00W002, Brussels. Linked by address, not a title deed.
2 establishment units
ABCellulose
since 20112.202.938.294
Doornveld 184, 1731 Asse
since 20232.348.485.707
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0207/00W002 | Brussels | 392 m² | - | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 7,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2011
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
18130Pre-press and pre-media services
74201Photography, excluding press photography
90031Arts creation and performing arts activities
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:niki.vranken@gmail.com