ABEL CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for ABEL CONSTRUCT according to publications in the Belgian State Gazette; curator: ANICET BAUM.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline20-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-07-2024, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
6 d early
2022
38 d early
2021
23 d early
2020
12 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-53k▼ 348%
2022 · €-12k
2018: €-3k
2019: €22k
2020: €10k
2021: €-33k
2022: €-12k
2018 → 2023
Working capital
€-58k
2022 · €11k
2018: €19k
2019: €44k
2020: €56k
2021: €24k
2022: €11k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€53k-€63k▲ 18.7%€31k▼ 50.6%€19k▼ 38.3%€-34k
Operating result€26k-€15k▼ 43.0%€-33k€-12k▲ 62.2%€-53k▼ 331%
Net result€22k-€10k▼ 55.5%€-33k€-12k▲ 63.9%€-53k▼ 348%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €53k in 2023 against €12k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €89k
Fixed assets
€23k▲ 180%
Current assets
€66k▼ 44.2%
Key figures and ratios
EBITDA
€-49k▼
2022 · €-12k
Cash flow
€-50k▼
2022 · €-11k
Solvency
-38.0%▼
2022 · 15.1%
Current ratio
0.53▼
2022 · 1.10
Quick ratio
0.53▼
2022 · 1.10
Debt / equity
-3.63▼
2022 · 5.62
ROA
-59.4%▼
2022 · -9.4%
Interest coverage
-284.89▼
2022 · -36.85
Debt
€124k▲
2022 · €108k
Debt ≤ 1 year
€124k▲
2022 · €108k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€127k€89k▼
Fixed assets21/28€8k€23k▲
Tangible fixed assets22/27€2k€16k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€15k
Financial fixed assets28€7k€7k▲
Current assets29/58€118k€66k▼
Amounts receivable within one year40/41€99k€64k▼
Trade receivables40€97k€60k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€18k€335▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€127k€89k▼
Equity10/15€19k€-34k▼
Contributions10/11€19k€19k=
Reserves13€36k€36k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€34k€34k=
Profit (loss) carried forward14€-35k€-89k▼
Amounts payable17/49€108k€124k▲
Amounts payable within one year42/48€108k€124k▲
Trade debts44€35k€21k▼
Suppliers440/4€35k€21k▼
Taxes, remuneration and social security45€40k€45k▲
Taxes450/3€23k€35k▲
Remuneration and social security454/9€16k€10k▼
Other amounts payable47/48€33k€58k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€543€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€840-
Other operating charges640/8€1k€769▼
Gross operating margin9900€-10k€-49k▼
Operating profit (loss)9901€-12k€-53k▼
Financial income75/76B€20€14▼
Recurring financial income75€20€14▼
Financial charges65/66B€319€173▼
Recurring financial charges65€319€173▼
Profit (loss) for the period before taxes9903€-13k€-53k▼
Income taxes67/77€-737-
Profit (loss) for the period9904€-12k€-53k▼
Profit (loss) for the period to be appropriated9905€-12k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-89k▼
Profit (loss) brought forward from the previous period14P€-24k€-35k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ABEL CONSTRUCT BOULEVARD INDUSTRIEL 9, 1070 ANDERLECHT · event 23-09-2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 IXELLES |
23-09-2024 → present |