ABELEC
ActiveSummary
ABELEC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180,050 and a net result of -€1,905. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 39.89 against 35.5 in 2023; short-term debt: 2.5% and cash: 2.2% of total assets), and 2.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
97.5%
Return on assets
-1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
140 d late
2022
122 d late
2021
133 d late
2020
496 d late
2019
137 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 177 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#2 oldest company in Nassogne, Construction sector#10 company by equity in Nassogne, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,905
2023 · €4,751
Working capital
€179,550▼ 0.8%
2023 · €180,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,029▲ 54.4%-€7,559▲ 24.6%-€1,002▲ 86.7%€442-€10,852
Net result€6,837within the sector's middle half€1,766within the sector's middle half▼ 74.2%€5,342within the sector's middle half▲ 202%€4,751within the sector's middle half▼ 11.1%-€1,905below the sector's middle half
Equity€170,088above the sector's middle half▲ 9.6%€171,854above the sector's middle half▲ 1.0%€177,196above the sector's middle half▲ 3.1%€181,947above the sector's middle half▲ 2.7%€180,050above the sector's middle half▼ 1.0%
Total assets€176,443within the sector's middle half=€173,504within the sector's middle half▼ 1.7%€180,195within the sector's middle half▲ 3.9%€187,192within the sector's middle half▲ 3.9%€184,667within the sector's middle half▼ 1.3%
Debt€6,355▼ 70.0%€1,650▼ 74.0%€2,999▲ 81.8%€5,245▲ 74.9%€4,617▼ 12.0%
Working capital€169,905▲ 6.8%€171,854▲ 1.1%€177,196▲ 3.1%€180,961▲ 2.1%€179,550▼ 0.8%
Solvency96.4%above the sector's middle half▲ 8.4pp99.0%above the sector's middle half▲ 2.7pp98.3%above the sector's middle half▼ 0.7pp97.2%above the sector's middle half▼ 1.1pp97.5%above the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €10,852 after €442 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,667
Fixed assets
€500 ▼ 49.3%
Current assets
€184,167 ▼ 1.1%
Equity and liabilities €184,667
Equity
€180,050 ▼ 1.0%
Debt
€4,617 ▼ 12.0%
Debt's share of the balance-sheet total falls from 2.8% to 2.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,367▼
2023 · €927
Cash flow
-€1,420▼
2023 · €5,236
Current ratio
39.89▲
2023 · 35.50
Debt to equity
0.03▼
2023 · 0.03
ROE
-1.1%▼
2023 · 2.6%
ROA
-1.0%▼
2023 · 2.5%
Debt ≤ 1 year
€4,617▼
2023 · €5,245
Income taxes
€1,813▼
2023 · €4,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9 | - | €96 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €718 | €183 | - | €485 | €485 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,076 | - |
| Other operating charges640/8 | €252 | €347 | €374 | €385 | €387 | ▲ 0.5% |
| Non-recurring operating charges66A | €1 | - | - | - | - | - |
| Gross operating margin9900 | -€9,058 | -€7,029 | -€628 | €1,312 | -€6,904 | ▼ 626% |
| Operating profit (loss)9901 | -€10,029 | -€7,559 | -€1,002 | €442 | -€10,852 | ▼ 2,555% |
| Financial income75/76B | €18,820 | €10,868 | €8,556 | €9,103 | €10,760 | ▲ 18.2% |
| Recurring financial income75 | €16,549 | €10,868 | €8,556 | €9,103 | €10,760 | ▲ 18.2% |
| Non-recurring financial income76B | €2,271 | - | - | - | - | - |
| Financial charges65/66B | €245 | €310 | €42 | €342 | - | - |
| Recurring financial charges65 | €245 | €310 | €42 | €342 | - | - |
| Profit (loss) for the period before taxes9903 | €8,546 | €2,999 | €7,512 | €9,203 | -€92 | ▼ 101% |
| Income taxes67/77 | €1,709 | €1,233 | €2,170 | €4,452 | €1,813 | ▼ 59.3% |
| Profit (loss) for the period9904 | €6,837 | €1,766 | €5,342 | €4,751 | -€1,905 | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | €6,837 | €1,766 | €5,342 | €4,751 | -€1,905 | ▼ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,443 | €173,504 | €180,195 | €187,192 | €184,667 | ▼ 1.3% |
| Fixed assets21/28 | €183 | - | - | €986 | €500 | ▼ 49.3% |
| Tangible fixed assets22/27 | €183 | - | - | €986 | €500 | ▼ 49.3% |
| Plant, machinery and equipment23 | €174 | - | - | - | - | - |
| Furniture and vehicles24 | €9 | - | - | €986 | €500 | ▼ 49.3% |
| Current assets29/58 | €176,260 | €173,504 | €180,195 | €186,206 | €184,167 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €174,058 | €172,680 | €174,400 | €182,149 | €180,166 | ▼ 1.1% |
| Trade receivables40 | €1,002 | €1,746 | €5,993 | €8,084 | €1,243 | ▼ 84.6% |
| Other amounts receivable41 | €173,056 | €170,934 | €168,407 | €174,065 | €178,923 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €2,202 | €824 | €5,795 | €4,057 | €4,001 | ▼ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,443 | €173,504 | €180,195 | €187,192 | €184,667 | ▼ 1.3% |
| Equity10/15 | €170,088 | €171,854 | €177,196 | €181,947 | €180,050 | ▼ 1.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,600 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,600 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,600 | = |
| Reserves13 | €50,256 | €50,256 | €50,256 | €50,256 | €50,256 | = |
| Non-distributable reserves130/1 | €1,890 | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Legal reserve130 | €1,890 | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Distributable reserves133 | €48,366 | €48,366 | €48,366 | €48,366 | €48,366 | = |
| Profit (loss) carried forward14 | €101,240 | €103,006 | €108,348 | €113,099 | €111,194 | ▼ 1.7% |
| Amounts payable17/49 | €6,355 | €1,650 | €2,999 | €5,245 | €4,617 | ▼ 12.0% |
| Amounts payable within one year42/48 | €6,355 | €1,650 | €2,999 | €5,245 | €4,617 | ▼ 12.0% |
| Trade debts44 | €4,646 | €1,062 | €1,219 | €1,452 | €1,215 | ▼ 16.3% |
| Suppliers440/4 | €4,646 | €1,062 | €1,219 | €1,452 | €1,215 | ▼ 16.3% |
| Advances received on contracts in progress46 | - | - | - | €2,203 | - | - |
| Taxes, remuneration and social security45 | €1,709 | €588 | €1,780 | €1,590 | €3,402 | ▲ 114% |
| Taxes450/3 | €1,709 | €588 | €1,780 | €1,590 | €3,402 | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,837 | €1,766 | €5,342 | €4,751 | -€1,905 | ▼ 140% |
| + Depreciation and write-downs630 | €718 | €183 | - | €485 | €485 | = |
| Operating cash flow (approximation) | €7,555 | €1,949 | €5,342 | €5,236 | -€1,420 | ▼ 127% |
| Investment in fixed assets (approximation) | - | - | - | - | €1 | - |
| Change in cash | - | -€1,378 | €4,971 | -€1,738 | -€56 | ▲ 96.8% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
11-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 133 days late
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 496 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 105.15
Current ratio from 27.74 to 105.15; short-term debt falls from €6,355 to €1,650.
2020
31-12
Financial
Back to profitnet €6,837
Net result €6,837 after 2 loss-making years.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
31-12
Financial
Weakest financial yearnet -€5,086
Net result drops to -€5,086, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 90 days late
2018
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 88 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 191 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Nassogne · 1 establishment unit since 1990
Ground area
2,028 m²
Building footprint
103 m²
Volume, LiDAR
640 m³
Parcel 83040A0991/00F000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ABELEC
since 19902.029.638.490
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83040A0991/00F000 | Wallonia | 2,028 m² | 1 · 103 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LAMBERTS SERVICE
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HAP
BE 0780.818.920
Bredene · Eq €180,047
EECKELEERS
BE 0861.745.327
Mechelen · Eq €180,111
OTTOSSUN ENERGY SYSTEMS
BE 0461.377.530
Roeselare · Eq €179,975
JMG CONCEPT
BE 0456.896.229
Evere · Eq €179,921
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded15-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
alaindruant@hotmail.com
Phone
0475326137
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430029308
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.