Abeele Projects
ActiveSummary
Abeele Projects has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350,545 and a net result of €10,358. Equity has been stable since 2019 (±2.3% per year). Its solvency ranks better than 67% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-2009 Normal situation
- Activity
- Joinery installation NACE 43320
- Establishment unit
- 2.181.649.467 8650 Houthulst, since 01-10-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 07-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €133,980
- ▲ 14.6%
- Turnover
- ≈ €530,000
- estimated
- Profit
- €10,358
- ▼ 16.3%
- Equity
- €350,545
- ▼ 4.9%
- Total assets
- €564,132
- ▼ 11.7%
- Employees on 30-09-2025
- 2
- ▲ 100%
Score breakdownraises risk1 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskFigures for financial year 2025 (filed on 17-02-2026)Size: total assets €564,132Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 68% of them on solvency, 46% on liquidity, 40% on profitability and 29% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 64 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-02-2026 PDF all 16 filings
Every figure per financial year
The operating result for 2025 is a loss of €15,694, smaller than the loss of €16,480 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 2 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | - | - | - | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1.1 |
| Average over the year, in full-time equivalents | 1.2 | - | - | - |
| On a permanent contract | 1 | 1 | 1 | 2 |
| Joined | 3 | - | - | 1 |
| Left | 3 | - | - | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €79,090 | €19,728 | €39,698 | €7,731 |
| Depreciation and write-downs of the year | €56,084 | €71,069 | €68,923 | €72,342 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €60,909 | €62,380 | €61,655 | €67,181 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,539 | €59,403 | €60,158 | €56,084 | €71,069 | €68,923 | €72,342 | ▲ 5.0% |
| Other operating charges640/8 | - | - | - | €8,636 | €7,587 | €2,862 | €10,151 | ▲ 255% |
| Gross operating margin9900 | €528,241 | €101,554 | €114,849 | €128,329 | €121,560 | €116,959 | €133,980 | ▲ 14.6% |
| Operating profit (loss)9901 | €412,127 | -€18,277 | €2,055 | €2,699 | -€19,475 | -€16,480 | -€15,694 | ▲ 4.8% |
| Financial income75/76B | - | - | - | €101 | - | €934 | €25 | ▼ 97.4% |
| Recurring financial income75 | €2,863 | €215 | €961 | €101 | - | €934 | €25 | ▼ 97.4% |
| Financial charges65/66B | - | - | - | €3,016 | €4,192 | €3,854 | €4,239 | ▲ 10.0% |
| Recurring financial charges65 | €5,121 | €4,470 | €3,879 | €3,016 | €4,192 | €3,854 | €4,239 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €409,869 | -€22,532 | -€863 | -€216 | -€23,668 | -€19,400 | -€19,908 | ▼ 2.6% |
| Transfer from deferred taxes780 | - | - | - | €36,086 | €38,168 | €35,260 | €35,333 | ▲ 0.2% |
| Income taxes67/77 | -€1,009 | €135 | €120 | €3,109 | €2,832 | €3,491 | €5,066 | ▲ 45.1% |
| Profit (loss) for the period9904 | €26,451 | €12,766 | €35,004 | €32,761 | €11,668 | €12,369 | €10,358 | ▼ 16.3% |
| Profit (loss) for the period to be appropriated9905 | €26,451 | €12,766 | €35,004 | €32,761 | €11,668 | €12,369 | €10,358 | ▼ 16.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.2m | €0.8m | €0.7m | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 11.7% |
| Fixed assets21/28 | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 13.0% |
| Tangible fixed assets22/27 | €0.5m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 13.0% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 21.1% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.05m | €0.08m | €0.05m | ▼ 28.4% |
| Current assets29/58 | €0.8m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 7.2% |
| Stocks and contracts in progress3 | €0.01m | €0.03m | €0.03m | €0.06m | €0.03m | €0.03m | €0.02m | ▼ 27.3% |
| Stocks30/36 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 14.3% |
| Contracts in progress37 | - | - | - | €0.03m | €0.02m | €0.01m | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.03m | €0.06m | €0.08m | €0.1m | €0.08m | €0.08m | ▼ 8.0% |
| Trade receivables40 | - | - | - | €0.06m | €0.08m | €0.04m | €0.03m | ▼ 21.2% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.04m | €0.04m | ▲ 6.4% |
| Cash at bank and in hand54/58 | €0.5m | €0.04m | €0.04m | €0.05m | €0.01m | €0.03m | €0.03m | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.002m | €0.003m | ▲ 36.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.2m | €0.8m | €0.7m | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 11.7% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.9% |
| Contributions10/11 | €0.006m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Contributions outside capital11 | - | - | - | - | - | - | €0.006m | - |
| Other1109/19 | - | - | - | - | - | - | €0.006m | - |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 13.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 15.9% |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.07m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 6.8% |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.06m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 17.3% |
| Deferred taxes168 | - | - | - | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 17.3% |
| Amounts payable17/49 | €0.7m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 21.7% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 28.3% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 28.3% |
| Amounts payable within one year42/48 | €0.6m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.04m | €0.03m | ▼ 26.5% |
| Trade debts44 | €0.5m | €0.07m | €0.07m | €0.1m | €0.08m | €0.08m | €0.07m | ▼ 16.3% |
| Suppliers440/4 | - | - | - | €0.1m | €0.08m | €0.08m | €0.07m | ▼ 16.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.001m | €0.003m | €0.006m | ▲ 147% |
| Taxes450/3 | - | - | - | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 98.4% |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | €0.002m | €0.005m | ▲ 167% |
| Other amounts payable47/48 | - | - | - | €0.001m | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,451 | €12,766 | €35,004 | €32,761 | €11,668 | €12,369 | €10,358 | ▼ 16.3% |
| + Depreciation and write-downs630 | €46,539 | €59,403 | €60,158 | €56,084 | €71,069 | €68,923 | €72,342 | ▲ 5.0% |
| Operating cash flow (approximation) | €72,990 | €72,170 | €95,162 | €88,846 | €82,737 | €81,292 | €82,701 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€212,494 | €0 | -€79,090 | -€19,728 | -€39,698 | -€7,731 | ▲ 80.5% |
| Change in cash | - | -€463,266 | €2,986 | €7,599 | -€40,955 | €16,191 | €3,212 | ▼ 80.2% |
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, 10,904 companies had the same profile as Abeele Projects has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of Abeele Projects itself: 0.4% 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 10,904 companies, not a prediction for Abeele Projects. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-02-2026 | 2026-00039431 | |
| 30-09-2024 | micro format | 19-02-2025 | 2025-00038773 | |
| 30-09-2023 | micro format | 04-03-2024 | 2024-00039656 | |
| 30-09-2022 | micro format | 07-03-2023 | 2023-00036365 | |
| 30-09-2021 | micro format | 22-02-2022 | 2022-06700097 | |
| 30-09-2020 | micro format | 12-03-2021 | 2021-07500353 | |
| 30-09-2019 | micro format | 11-02-2020 | 2020-04800553 | |
| 30-09-2018 | micro format | 22-03-2019 | 2019-08200022 | |
| 30-09-2017 | micro format | 22-02-2018 | 2018-05500402 | |
| 30-09-2016 | abbreviated format | 20-02-2017 | 2017-04800098 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 18-01-2024 Converted to unavailable equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering die benoemt bepaalt aantal duur opdracht en indien meerdere hun bevoegdheid”“Op algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze…”
Articles of association, deed of 18-01-2024 (in Dutch)
Network & group
Abeele Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Abeele Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-09
Gazette deed
Registered office moved within HouthulstNew seat: Nijverheidsstraat 13A, 8650 Houthulst · Previous seat: 7e-Geniestraat 24, 8650 Houthulst2 points ▸
- Board meeting, 18-08-2026
- Registered-office move, Nijverheidsstraat 13A, 8650 Houthulst
18-01
Gazette deed
Company renamed from TIMMER- & SCHRIJNWERKEN ABEELE KURT to Abeele ProjectsResignation: ABEELE Kurt (director) · Appointment: ABEELE Kurt (director) · Power of attorney16 points ▸
- Power of attorney, Greet Deboodt
- Power of attorney
- General meeting, 21-12-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “artikel 39,§2,tweede lid wet 2019-03-23, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, ABEELE Kurt (director (not named in the articles))
- Director appointment, ABEELE Kurt (director (not named in the articles))
- Other provision, “verslag bestuursorgaan voorstel uitbreiding voorwerp” (deed in Dutch)
- Purpose change
- Name change, Abeele Projects
- Other provision, “zesde besluit statutenwijziging, herformuleren overdracht/overgang aandelen aanpassing regeling WVV” (deed in Dutch)
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
9 activities
- Het aannemen,uitvoeren of laten uitvoeren van : timmer- en schrijnwerken,binnenhuisinrichting,plaatsen van keukens,verzagen van hout,plaatsen van parket en andere vloeren in kunststoffen,plaatsen van ijzerwerken,metalen luiken en metalen schrijnwerk,idem in diverse kunststoffen,plaatsen van ruiten,glas en gekleurde ramen,de onderneming in onroerende goederen,de bouwpromotie,de fabricatie en de plaatsing van alle bouwmaterialen,de groot- en kleinhandel in bouwproducten en materialen
- Het plaatsen van elektrische installaties
- Het plaatsen van sanitaire installaties
- Vloerwerken en het plaatsen van faiences
- Het plaatsen van roofing (EPDM) en dakbedekking in het algemeen
- Het uitvoeren van allerlei karweien niet specifiek benoemd
- Het uitoefenen van diverse grafische activiteiten zoals tekenwerk van keukens,badkamers,winkelinrichting,enz
- Totale begeleiding bij het ontwikkelen van bouw- en renovatieprojecten
- Binnenhuisarchitect
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0819.141.145
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32006D0103/00X000 | Flanders | 2,278 m² | 1 · 800 m² | 6.5 m · 2 |
| 32006D0006/00E021 | Flanders | 1,113 m² | 1 · 128 m² | 6.7 m · 1 |