ABEL

Active Private limited companyfounded 2000active for 26 yearsLedebergstraat 6, 9050 GhentKBO/BCE: BE 0471.878.769

ABEL

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 13-07-2026, 18 days before the deadline

€1.4m

▲ 24.2%

€265,181

▲ 6.7%

€428,631

▲ 5.1%

€329,826

▲ 3.9%

41.1%

▲ 5.9 percentage points

1.34

▲ 0.25

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €5.3m. Estimated: probably between €3.2m and €9.7m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.8m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

41.1%

Higher than 55% of 12,856 companies in 2025.

1.34

Higher than 43% of 12,646 companies in 2025.

9.3%

Higher than 70% of 12,719 companies in 2025.

ABEL Middle half of the sector 80% of the sector Abbreviated accounts in retail trade (NACE 47)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter

Staff

€49,694

Staff costs divided by the average number of full-time equivalents.

+4 people

people who joined people who left

In 2025, 15 people joined and 11 left. Training hours in 2025: 603.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	1.8m	1.6m	1.5m	1.4m	991,821	989,715	1.1m	1.3m	750,768	757,295	787,909	902,080	802,858	786,299	804,468	826,161	952,804	368,705	336,426	367,108
`21/28`	904,158	1.0m	866,335	985,104	536,228	633,243	681,298	757,472	417,677	463,974	491,544	530,499	572,860	564,515	587,709	650,860	719,840	205,448	205,868	199,938
`21`	-	-	-	-	-	-	-	-	4,000	8,000	12,000	16,000	20,000	24,000	28,000	32,000	36,000	-	-	-
`22/27`	898,458	1.0m	860,635	979,404	530,528	627,543	675,598	751,772	407,977	450,274	473,844	508,799	547,160	536,315	555,509	614,660	679,640	200,134	200,555	194,240
`22`	166,990	166,072	126,380	138,111	149,843	161,575	173,307	185,039	243,025	249,410	264,192	280,690	291,302	280,988	257,400	269,117	280,833	18,056	21,688	19,870
`23`	722,320	824,068	714,758	819,349	354,270	428,539	488,490	549,722	158,433	191,007	196,437	227,812	255,858	255,192	288,275	326,010	364,566	133,322	161,894	151,273
`24`	9,148	9,915	19,498	21,943	26,415	37,429	13,801	17,011	6,519	9,778	13,038	-	-	134	9,834	19,534	34,241	48,756	16,973	23,097
`28`	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	4,200	4,200	4,200	4,200	5,314	5,314	5,698
`29/58`	876,157	601,653	597,588	396,632	455,593	356,472	397,049	535,019	333,091	293,320	296,365	371,581	229,998	221,784	216,759	175,301	232,963	163,258	130,558	167,170
`3`	75,479	37,876	49,499	43,491	41,406	49,863	50,519	46,511	24,973	38,432	35,900	24,622	27,786	34,781	50,250	69,777	59,448	29,843	20,080	20,822
`30/36`	75,479	37,876	49,499	43,491	41,406	49,863	50,519	46,511	24,973	38,432	35,900	24,622	27,786	34,781	50,250	69,777	59,448	29,843	20,080	20,822
`40/41`	51,292	30,854	59,872	79,326	57,356	51,660	60,373	180,799	48,718	82,529	38,219	39,540	19,273	17,003	15,399	15,430	48,803	36,332	50,161	77,992
`40`	51,292	24,593	37,646	53,252	38,823	33,467	37,979	37,383	40,266	48,479	29,661	23,717	6,957	9,584	1,306	1,392	762	14,929	22,116	19,188
`41`	0	6,262	22,226	26,073	18,534	18,193	22,394	143,416	8,452	34,049	8,557	15,823	12,316	7,419	14,093	14,038	48,041	21,403	28,045	58,804
`50/53`	106,300	77,500	55,700	43,700	31,700	20,788	7,411	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	622,343	438,408	409,664	208,014	308,377	225,831	270,671	301,571	257,167	170,599	219,917	304,459	181,304	168,294	142,399	85,511	117,688	94,749	56,308	64,370
`490/1`	20,744	17,015	22,853	22,101	16,753	8,330	8,074	6,139	2,233	1,761	2,330	2,961	1,635	1,706	8,711	4,583	7,024	2,334	4,009	3,986
Balance sheet: equity and liabilities
`10/49`	1.8m	1.6m	1.5m	1.4m	991,821	989,715	1.1m	1.3m	750,768	757,295	787,909	902,080	802,858	786,299	804,468	826,161	952,804	368,705	336,426	367,108
`10/15`	731,437	565,060	474,073	354,521	283,359	296,003	287,172	306,597	263,679	201,212	186,717	194,844	100,653	54,545	32,158	-24,800	57,663	83,692	55,993	100,089
`10/11`	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
`100`	-	-	-	-	-	-	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
`13`	706,437	540,060	449,073	329,521	258,359	271,003	262,172	281,597	238,679	176,212	161,717	169,844	75,653	29,545	19,400	19,400	32,663	58,692	30,993	61,370
`130/1`	-	-	-	0	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500
`1311`	-	-	-	0	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	0	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900
`133`	706,437	540,060	449,073	329,521	255,859	268,503	242,772	262,197	219,279	156,812	142,317	150,444	56,253	10,145	-	-	13,263	39,292	11,593	41,970
`14`	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-12,242	-69,200	-	-	-	13,719
`17/49`	1.0m	1.0m	989,850	1.0m	708,463	693,712	791,174	985,894	487,088	556,083	601,192	707,236	702,204	731,755	772,310	850,961	895,141	285,014	280,434	267,019
`17`	386,573	484,103	580,093	681,998	372,770	444,912	490,261	555,748	283,030	305,110	338,507	385,622	434,011	453,125	459,148	504,657	554,615	89,592	99,551	86,919
`170/4`	386,573	484,103	580,093	681,998	372,770	444,912	490,261	555,748	283,030	305,110	338,507	385,622	434,011	453,125	459,148	504,657	554,615	89,592	99,551	86,919
`42/48`	653,106	553,645	409,757	345,217	335,692	248,800	300,913	430,145	204,058	250,973	262,686	321,614	267,774	278,629	313,162	346,304	340,526	195,422	180,883	180,100
`42`	97,531	96,549	101,904	103,202	72,142	71,614	64,924	62,518	22,081	33,396	47,115	47,833	45,230	51,397	54,116	56,746	71,114	54,303	40,200	32,794
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,270
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,270
`44`	394,337	380,792	209,508	127,048	153,220	128,510	177,661	319,216	128,599	174,614	153,037	202,388	165,645	171,004	201,572	245,772	229,898	111,547	111,449	110,564
`440/4`	394,337	380,792	209,508	127,048	153,220	128,510	177,661	319,216	128,599	174,614	153,037	202,388	165,645	171,004	201,572	245,772	229,898	111,547	111,449	110,564
`45`	151,150	69,045	91,859	114,967	50,674	47,373	53,103	45,819	53,379	42,962	62,533	71,394	50,898	56,229	57,475	43,786	38,272	26,572	19,234	29,472
`450/3`	14,352	15,717	0	22,927	864	530	2,155	1,325	15,897	474	9,314	9,659	3,266	1,474	111	78	4,765	600	3,591	3,772
`454/9`	136,798	53,328	91,859	92,040	49,810	46,844	50,948	44,493	37,482	42,487	53,219	61,734	47,632	54,755	57,364	43,709	33,506	25,972	15,643	25,700
`47/48`	10,089	7,259	6,485	0	59,656	1,303	5,225	2,593	-	-	-	-	6,000	-	-	-	1,242	3,000	10,000	6,000
`492/3`	9,200	4,600	-	-	-	-	-	-	-	-	-	-	420	-	-	-	-	-	-	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.2m
`76A`	-	-	-	-	-	-	-	4,525	-	-	-	-	-	-	-	-	16,072	4,353	-	-
`9900`	1.4m	1.1m	1.0m	682,319	625,849	567,416	565,500	719,147	612,783	492,650	597,431	637,111	507,929	475,522	480,461	350,267	300,216	277,455	255,829	243,000
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	975,086
`62`	914,365	672,490	635,340	474,089	444,402	441,092	448,064	436,205	413,861	377,663	417,140	390,176	324,346	327,413	302,982	276,368	206,068	157,851	174,800	163,753
`630`	163,449	159,367	138,919	113,308	97,015	100,388	117,986	118,567	78,550	81,828	75,676	77,256	88,208	89,409	84,296	109,345	109,521	70,777	63,817	55,469
`631/4`	-	-	-	-	-	-	-	-	-	-	-	3,974	-	-	-	-	-	-	-	-
`640/8`	14,246	12,125	19,803	9,209	7,530	7,122	7,767	8,150	6,563	6,528	6,809	6,549	7,735	8,532	7,550	7,449	7,592	3,633	3,376	2,950
`66A`	-	0	191	-	-	0	289	88,466	-	-	-	-	-	-	-	1,000	-	1,941	-	-
`9901`	265,181	248,439	246,584	85,713	76,902	18,814	-8,316	67,759	113,809	26,631	97,805	159,156	87,640	50,167	85,633	-42,895	-22,966	45,193	13,836	20,828
`75/76B`	3,713	3,112	2,335	1,825	580	1,925	1,384	910	1,166	1,012	1,004	1,111	657	761	213	73	294	100	134	127
`75`	3,713	3,112	2,335	1,825	580	1,925	1,384	910	1,166	1,012	1,004	1,111	657	761	213	73	294	100	134	127
`65/66B`	17,711	17,952	16,839	9,120	7,045	7,536	12,384	21,211	14,359	14,858	17,075	22,022	24,943	28,182	28,886	32,135	19,429	11,244	19,387	12,383
`65`	17,711	17,952	16,839	9,120	7,045	7,536	12,095	21,211	14,359	14,858	17,075	22,022	24,943	28,182	28,886	32,135	19,429	11,244	19,387	12,383
`66B`	-	-	-	-	-	0	289	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	251,183	233,600	232,080	78,418	70,438	13,203	-19,316	47,458	100,616	12,785	81,734	138,245	63,354	22,746	56,960	-75,957	-26,028	36,461	-5,416	8,572
`67/77`	84,806	75,431	59,896	7,256	20,702	4,372	109	4,540	38,149	-1,710	39,861	44,054	11,245	360	2	6,506	-	5,762	-1,320	76
`9904`	166,377	158,168	172,184	71,162	49,735	8,831	-19,425	42,918	62,468	14,495	41,873	94,190	52,109	22,387	56,958	-82,463	-26,028	30,699	-4,096	8,496
`789`	-	-	-	-	0	16,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	166,377	158,168	172,184	71,162	49,735	25,731	-19,425	42,918	62,468	14,495	41,873	94,190	52,109	22,387	56,958	-82,463	-26,028	30,699	-4,096	8,496
Appropriation of the result
`9906`	166,377	158,168	172,184	71,162	49,735	25,731	-19,425	42,918	62,468	14,495	41,873	94,190	52,109	10,145	-12,242	-82,463	-26,028	30,699	9,623	19,719
`791/2`	0	67,181	52,632	0	62,380	0	19,425	-	-	-	50,000	-	-	-	-	13,263	26,028	-	30,377	-
`691/2`	166,377	158,168	172,184	71,162	49,735	25,731	-	42,918	62,468	14,495	41,873	94,190	46,109	10,145	-	-	-	27,699	-	-
`6921`	166,377	158,168	172,184	71,162	49,735	25,731	-	42,918	62,468	14,495	41,873	94,190	46,109	10,145	-	-	-	27,699	-	-
`694/7`	0	67,181	52,632	0	62,380	-	-	-	-	-	50,000	-	6,000	-	-	-	-	3,000	40,000	6,000
`694`	0	67,181	52,632	0	62,380	-	-	-	-	-	50,000	-	-	-	-	-	-	-	40,000	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	6,000	-	-	-	-	3,000	-	6,000
Social balance sheet
`9087`	18.4	15.2	14	12.1	12.2	12.1	13.9	15.2	13.7	12.2	13.6	11.8	10.2	10.8	11	11.3	7.1	5.9	6.5	6
Hours worked`1013`	29,446	22,459	21,579	19,796	18,281	19,447	20,677	20,841	19,317	18,133	20,605	18,883	16,730	17,803	17,859	17,008	11,944	9,416	10,393	10,340
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 28 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	13-07-2026	2026-00283934	PDF
31-12-2024	abbreviated format	07-07-2025	2025-00240044	PDF
31-12-2023	abbreviated format	12-07-2024	2024-00242101	PDF
31-12-2022	abbreviated format	26-06-2023	2023-00164888	PDF
31-12-2021	abbreviated format	16-06-2022	2022-20078555	PDF
31-12-2020	abbreviated format	10-07-2021	2021-34000203	PDF
31-12-2019	abbreviated format	06-07-2020	2020-26500319	PDF
31-12-2018	abbreviated format	08-07-2019	2019-30300023	PDF
31-12-2017	abbreviated format	02-07-2018	2018-27800354	PDF
31-12-2016	abbreviated format	06-07-2017	2017-28300512	PDF
31-12-2015	abbreviated format	18-07-2016	2016-32800502	PDF
31-12-2014	abbreviated format	19-06-2015	2015-19200572	PDF
31-12-2013	abbreviated format	24-06-2014	2014-21500389	PDF
31-12-2012	abbreviated format	27-06-2013	2013-23200292	PDF
31-12-2011	abbreviated format	22-06-2012	2012-20200564	PDF
31-12-2010	abbreviated format	16-06-2011	2011-17200598	PDF
31-12-2009	abbreviated format	16-07-2010	2010-31300321	PDF
31-12-2008	abbreviated format	25-06-2009	2009-30400324	PDF
31-12-2007	abbreviated format	26-06-2008	2008-30000122	PDF
31-12-2006	abbreviated format	12-07-2007	2007-39800123	PDF
31-12-2005	abbreviated format	28-07-2006	2006-57300509	PDF
31-12-2004	abbreviated format	12-07-2005	2005-47202404	PDF
31-12-2003	abbreviated format	01-07-2004	2004-38402402	PDF
31-12-2002	abbreviated format	23-06-2003	2003-28402875	PDF
31-12-2001	abbreviated format	08-07-2002	2002-35300252	PDF
31-12-2000	abbreviated format	12-07-2001	2001-37403135	PDF

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €25,581 awarded, €15,950 paid

Ecologiepremie+

€24,077

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€1,504

Year	Entries	Awarded	Paid
2025	3	€622	€622
2024	1	€382	€382
2023	2	€176	€14,622
2022	2	€24,401	€324

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
428,631	407,806	385,503	199,021	173,917	119,202	109,670	186,326	192,360	108,459	173,482	236,412	175,847	139,576	169,929	66,450	86,555	115,971	77,653	76,297
329,826	317,535	311,103	184,470	146,750	109,219	98,561	161,485	141,018	96,323	117,549	171,447	140,317	111,795	141,253	26,882	83,493	101,476	59,721	63,965
61,852	298,787	20,341	562,183	0	52,333	41,812	507,204	32,253	54,258	36,722	34,895	96,553	66,214	21,145	40,364	625,028	71,868	70,132	144,449
183,935	28,744	201,650	-100,363	82,546	-44,841	-30,899	44,403	86,569	-49,318	-84,542	123,155	13,011	25,894	56,888	-32,177	22,938	38,442	-8,062	-
223,051	48,008	187,831	51,415	119,901	107,673	96,136	104,874	129,033	42,348	33,679	49,967	-37,776	-56,845	-96,404	-171,003	-107,563	-32,164	-50,325	-12,930
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.7%
41.1%	35.2%	32.4%	25.7%	28.6%	29.9%	26.6%	23.7%	35.1%	26.6%	23.7%	21.6%	12.5%	6.9%	4.0%	-3.0%	6.1%	22.7%	16.6%	27.3%
1.34	1.09	1.46	1.15	1.36	1.43	1.32	1.24	1.63	1.17	1.13	1.16	0.86	0.80	0.69	0.51	0.68	0.84	0.72	0.93
1.23	1.02	1.34	1.02	1.23	1.23	1.15	1.14	1.51	1.02	0.99	1.08	0.76	0.67	0.53	0.30	0.51	0.68	0.61	0.81
1.43	1.84	2.09	2.90	2.50	2.34	2.76	3.22	1.85	2.76	3.22	3.63	6.98	13.42	24.02	-	15.52	3.41	5.01	2.67
22.7%	28.0%	36.3%	20.1%	17.6%	3.0%	-6.8%	14.0%	23.7%	7.2%	22.4%	48.3%	51.8%	41.0%	177.1%	-	-45.1%	36.7%	-7.3%	8.5%
9.3%	9.8%	11.8%	5.2%	5.0%	0.9%	-1.8%	3.3%	8.3%	1.9%	5.3%	10.4%	6.5%	2.8%	7.1%	-10.0%	-2.7%	8.3%	-1.2%	2.3%
24.20	22.72	22.89	21.82	24.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	20	17	17	15	16
full-time	13	11	10	9	8
part-time	7	6	7	6	8
in full-time equivalents	17.9	15.3	15	12.9	13.2
	18.4	15.2	14	12.1	12.2
On a permanent contract	16	16	16	12	14
Joined	15	7	14	9	4
Left	11	6	12	10	1
Training hours	603	10	8	-	24

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€484,103	€580,653	-	-	€444,912
Mortgages, amount registered	€134,789	€134,789	€134,789	€134,789	€134,789
Carrying value of the mortgaged assets	€670,371	€724,384	€608,403	€677,073	€149,843
	€447,600	€447,600	€447,600	€447,600	€447,600

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€61,852	€298,787	€20,341	€562,183	-
Financial fixed assets	€0	-	-	-	-
	€163,449	€159,367	€138,919	€113,308	€97,015

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ABEL

The operating result for 2025 is 7% higher than in 2024 and the highest since 2006. It is the sixth rise in a row, after the fall in 2019.

Debt's share of the balance-sheet total falls from 64.8% to 58.9%. Equity and debt are higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency41.1%

Current ratio1.34

Return on assets9.3%

Staff

Staff cost per FTE€49,694

Joined and left+4 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €25,581 awarded, €15,950 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on ABEL

Next steps

in euro

in euro

41.1%

1.34

9.3%

€49,694

+4 people