ABCURÉ
ActiveSummary
ABCURÉ has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€52,168) and a net result of -€17,069. Equity is shrinking by ~91.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 960 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.31 in 2024; short-term debt: 163.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
-70.6%
Return on assets
-23.1%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year -€52,168
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
30 d early
2023
1 d early
2022
130 d late
2021
495 d late
2019
14 d early
2016
85 d late
← 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 94 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€52,168▼ 48.6%
2024 · -€35,100
Total assets
€73,857▼ 14.6%
2024 · €86,485
Net result
-€17,069▲ 12.3%
2024 · -€19,454
Working capital
-€90,163▼ 21.5%
2024 · -€74,235
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-€3,483-€10,670-€25,301-€19,527▲ 22.8%-€12,661▲ 35.2%
Net result-€6,210-€7,512-€32,477-€19,454▲ 40.1%-€17,069▲ 12.3%
Equity€9,319-€16,831▲ 80.6%-€15,646-€35,100▼ 124%-€52,168▼ 48.6%
Total assets€91,861-€132,298▲ 44.0%€89,281▼ 32.5%€86,485▼ 3.1%€73,857▼ 14.6%
Debt€82,542-€115,467▲ 39.9%€104,927▼ 9.1%€121,584▲ 15.9%€126,026▲ 3.7%
Working capital-€32,265--€29,898▲ 7.3%-€55,493▼ 85.6%-€74,235▼ 33.8%-€90,163▼ 21.5%
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 €12,661 in 2025 against €19,527 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73,857
Fixed assets
€43,309 ▼ 19.5%
Current assets
€30,548 ▼ 6.5%
Key figures and ratios
EBITDA
-€2,156▲
2024 · -€6,686
Cash flow
-€6,564▲
2024 · -€6,613
Solvency
-70.6%▼
2024 · -40.6%
Current ratio
0.25▼
2024 · 0.31
Quick ratio
0.24▼
2024 · 0.27
Debt to equity
-2.42▲
2024 · -3.46
ROA
-23.1%▼
2024 · -22.5%
Interest coverage
-0.51▲
2024 · -2.29
Debt ≤ 1 year
€120,711▲
2024 · €106,906
Debt > 1 year
€5,314▼
2024 · €12,279
Income taxes
€314▲
2024 · -€2,715
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 | - | €905 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,632 | €5,572 | €14,777 | €12,841 | €10,505 | ▼ 18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,861 | €2,716 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,874 | €3,079 | €4,323 | €4,190 | €3,766 | ▼ 10.1% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €2,023 | €19,321 | -€4,339 | €220 | €1,610 | ▲ 632% |
| Operating profit (loss)9901 | -€3,483 | €10,670 | -€25,301 | -€19,527 | -€12,661 | ▲ 35.2% |
| Financial income75/76B | €322 | €531 | €594 | €275 | €152 | ▼ 44.5% |
| Recurring financial income75 | €322 | €531 | €326 | €275 | €152 | ▼ 44.5% |
| Non-recurring financial income76B | - | - | €269 | €0 | - | - |
| Financial charges65/66B | €3,049 | €2,579 | €3,521 | €2,917 | €4,246 | ▲ 45.5% |
| Recurring financial charges65 | €3,049 | €2,579 | €3,521 | €2,917 | €4,246 | ▲ 45.5% |
| Profit (loss) for the period before taxes9903 | -€6,210 | €8,622 | -€28,228 | -€22,169 | -€16,755 | ▲ 24.4% |
| Income taxes67/77 | - | €1,110 | €4,249 | -€2,715 | €314 | ▲ 112% |
| Profit (loss) for the period9904 | -€6,210 | €7,512 | -€32,477 | -€19,454 | -€17,069 | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | -€6,210 | €7,512 | -€32,477 | -€19,454 | -€17,069 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,861 | €132,298 | €89,281 | €86,485 | €73,857 | ▼ 14.6% |
| Fixed assets21/28 | €43,985 | €74,932 | €60,155 | €53,814 | €43,309 | ▼ 19.5% |
| Tangible fixed assets22/27 | €43,681 | €74,629 | €59,851 | €53,510 | €43,005 | ▼ 19.6% |
| Land and buildings22 | €38,473 | €38,473 | €38,473 | €38,473 | €38,473 | = |
| Plant, machinery and equipment23 | - | - | - | €5,832 | €4,532 | ▼ 22.3% |
| Furniture and vehicles24 | €0 | €33,552 | €21,378 | €9,205 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €5,208 | €2,604 | €0 | - | - | - |
| Financial fixed assets28 | €304 | €304 | €304 | €304 | €304 | = |
| Current assets29/58 | €47,877 | €57,366 | €29,126 | €32,671 | €30,548 | ▼ 6.5% |
| Stocks and contracts in progress3 | €1,087 | €546 | €744 | €3,989 | €1,823 | ▼ 54.3% |
| Stocks30/36 | €1,087 | €546 | €744 | €3,989 | €1,823 | ▼ 54.3% |
| Amounts receivable within one year40/41 | €42,544 | €52,479 | €25,431 | €24,431 | €27,035 | ▲ 10.7% |
| Trade receivables40 | €34,706 | €31,554 | €25,178 | €24,160 | €26,551 | ▲ 9.9% |
| Other amounts receivable41 | €7,838 | €20,925 | €253 | €271 | €484 | ▲ 78.5% |
| Deferred charges and accrued income490/1 | €4,245 | €4,341 | €2,951 | €4,251 | €1,690 | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,861 | €132,298 | €89,281 | €86,485 | €73,857 | ▼ 14.6% |
| Equity10/15 | €9,319 | €16,831 | -€15,646 | -€35,100 | -€52,168 | ▼ 48.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €162 | €162 | €162 | €162 | €162 | = |
| Non-distributable reserves130/1 | €162 | €162 | €162 | €0 | - | - |
| Reserves not available under the articles1311 | €162 | €162 | €162 | €0 | - | - |
| Distributable reserves133 | - | - | - | €162 | €162 | = |
| Profit (loss) carried forward14 | €2,958 | €10,470 | -€22,007 | -€41,461 | -€58,530 | ▼ 41.2% |
| Amounts payable17/49 | €82,542 | €115,467 | €104,927 | €121,584 | €126,026 | ▲ 3.7% |
| Amounts payable after more than one year17 | - | €25,803 | €19,108 | €12,279 | €5,314 | ▼ 56.7% |
| Financial debts170/4 | - | €25,803 | €19,108 | €12,279 | €5,314 | ▼ 56.7% |
| Amounts payable within one year42/48 | €80,142 | €87,264 | €84,619 | €106,906 | €120,711 | ▲ 12.9% |
| Current portion of amounts payable after more than one year42 | - | €6,565 | €6,695 | €6,829 | €6,965 | ▲ 2.0% |
| Financial debts43 | €21,085 | €21,931 | €33,231 | €24,064 | €37,153 | ▲ 54.4% |
| Credit institutions430/8 | €21,085 | €21,931 | €33,231 | €24,064 | €37,153 | ▲ 54.4% |
| Trade debts44 | €13,561 | €13,014 | €12,447 | €12,166 | €15,422 | ▲ 26.8% |
| Suppliers440/4 | €13,561 | €13,014 | €12,447 | €12,166 | €15,422 | ▲ 26.8% |
| Taxes, remuneration and social security45 | €1,243 | €1,500 | €6,198 | €1,148 | €1,516 | ▲ 32.1% |
| Taxes450/3 | €1,243 | €1,500 | €6,198 | €1,148 | €1,516 | ▲ 32.1% |
| Other amounts payable47/48 | €44,254 | €44,254 | €26,047 | €62,699 | €59,656 | ▼ 4.9% |
| Accrued charges and deferred income492/3 | €2,400 | €2,400 | €1,200 | €2,400 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,210 | €7,512 | -€32,477 | -€19,454 | -€17,069 | ▲ 12.3% |
| + Depreciation and write-downs630 | €2,632 | €5,572 | €14,777 | €12,841 | €10,505 | ▼ 18.2% |
| Operating cash flow (approximation) | -€3,578 | €13,084 | -€17,700 | -€6,613 | -€6,564 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€36,520 | -€0 | -€6,500 | €0 | ▲ 100% |
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
02-09
State Gazette act
Resignations: Kathelijne CURÉ (director) and Silvano MELZANI (director)Appointment: COSY (director) · Permanent representative: Karel VERSYP · Director discharge12 facts ▸
State Gazette act
Resignations: Kathelijne CURÉ (director) and Silvano MELZANI (director)
Appointment: COSY (director) · Permanent representative: Karel VERSYP · Director discharge12 facts ▸
- Director resignation, Kathelijne CURÉ (director)
- Director resignation, Silvano MELZANI (director)
- Director discharge, Kathelijne CURÉ
- Director discharge, Silvano MELZANI
- Director appointment, COSY (director)
- Permanent representative, Karel VERSYP (permanent representative)
- Shareholding, 22-07-2026
- Registered-office move, Veldstraat 88 bus A202, 9000 Gent
- Power of attorney, Kathelijne CURÉ
- Power of attorney, Silvano MELZANI
- Power of attorney, COSY
- Power of attorney, WARFID NV
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€32,477
Net result drops to -€32,477, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 130 days late
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 495 days late
2022
30-09
Financial
Back to profitnet €7,512
Net result €7,512 after 2 loss-making years.
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 85 days late
24-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 450 days late
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 816 days late
2014
19-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 19 days late
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
COSY
CurrentDirector · since 22-07-2026 · Private limited company · perm. rep.: Karel VERSYP
Permanent representatives 1
Karel VERSYP
CurrentPermanent representative · since 22-07-2026 · for COSY
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, Gent · 1 establishment unit since 1989
Ground area
1,313 m²
Building footprint
1,010 m²
Volume, LiDAR
14,954 m³
2 parcels, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Sleepstraat 131, 9000 Gent
since 19892.121.502.836
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0940/00L000 | Flanders | 1,180 m² | 1 · 1,010 m² | 21.9 m · 5 fl. |
| 44021A3714/00B000 | Flanders | 132 m² | - | - |
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
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COSY |
|
| Kathelijne CURÉ |
|
| Silvano MELZANI |
|
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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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 02-09-2026 ↗
- COSY (BE 0773.923.606) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-1989
Fiscal year end30-09
Activities, NACEBEL 2025
18110Printing and reproduction of recorded media
18130Pre-press and pre-media services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438201161
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.