ABELOG
ActiveSummary
ABELOG has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €550,470 and a net result of €76,589. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 4188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency72▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.44 in 2024; short-term debt: 29.4% and cash: 31.4% of total assets), but 52.7% of the assets are financed with debt.
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Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
19 d early
2023
24 d early
2022
29 d early
2021
29 d early
2020
35 d early
2019
29 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76,589▲ 12.0%
2024 · €68,388
Working capital
€271,843▲ 55.7%
2024 · €174,568
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€69,370▲ 45.3%€88,184▲ 27.1%€84,874▼ 3.8%€103,310▲ 21.7%€97,963▼ 5.2%
Net result€47,879▼ 62.2%€73,079▲ 52.6%€49,114▼ 32.8%€68,388▲ 39.2%€76,589▲ 12.0%
Equity€283,300▲ 20.3%€356,379▲ 25.8%€405,493▲ 13.8%€473,881▲ 16.9%€550,470▲ 16.2%
Total assets€972,684▼ 5.8%€1.1m▲ 9.1%€1.2m▲ 8.8%€1.2m▲ 3.6%€1.2m▼ 2.7%
Debt€689,384▼ 13.5%€704,410▲ 2.2%€748,705▲ 6.3%€722,047▼ 3.6%€612,640▼ 15.2%
Working capital-€35,209▲ 34.5%€40,881€77,094▲ 88.6%€174,568▲ 126%€271,843▲ 55.7%
Staff (FTE)3.1=3.2▲ 3.2%3.4▲ 6.3%3.4=3.4=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€549,500 ▼ 12.5%
Current assets
€613,610 ▲ 8.0%
Equity and liabilities €1.2m
Equity
€550,470 ▲ 16.2%
Debt
€612,640 ▼ 15.2%
Debt's share of the balance-sheet total falls from 60.4% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€183,675▼
2024 · €190,116
Cash flow
€162,301▲
2024 · €155,194
Current ratio
1.80▲
2024 · 1.44
Quick ratio
1.45▲
2024 · 1.12
Debt to equity
1.11▼
2024 · 1.52
ROE
13.9%▼
2024 · 14.4%
ROA
6.6%▲
2024 · 5.7%
Interest coverage
21.88▲
2024 · 19.69
Debt ≤ 1 year
€341,767▼
2024 · €393,419
Debt > 1 year
€270,873▼
2024 · €328,627
Income taxes
€13,895▼
2024 · €35,000
Staff costs
€153,577▲
2024 · €151,787
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €96,557 | €134,353 | €156,242 | €151,787 | €153,577 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,251 | €69,745 | €91,280 | €86,806 | €85,712 | ▼ 1.3% |
| Other operating charges640/8 | €8,447 | €7,652 | €11,648 | €8,721 | €9,967 | ▲ 14.3% |
| Gross operating margin9900 | €232,625 | €299,934 | €344,044 | €350,624 | €347,219 | ▼ 1.0% |
| Operating profit (loss)9901 | €69,370 | €88,184 | €84,874 | €103,310 | €97,963 | ▼ 5.2% |
| Financial income75/76B | €2,592 | €17,575 | €15,166 | €9,732 | €914 | ▼ 90.6% |
| Recurring financial income75 | €2,592 | €17,575 | €15,166 | €9,732 | €914 | ▼ 90.6% |
| Financial charges65/66B | €10,838 | €9,669 | €10,233 | €9,654 | €8,393 | ▼ 13.1% |
| Recurring financial charges65 | €10,838 | €9,669 | €10,233 | €9,654 | €8,393 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €61,124 | €96,090 | €89,807 | €103,388 | €90,484 | ▼ 12.5% |
| Income taxes67/77 | €13,245 | €23,011 | €40,693 | €35,000 | €13,895 | ▼ 60.3% |
| Profit (loss) for the period9904 | €47,879 | €73,079 | €49,114 | €68,388 | €76,589 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €47,879 | €73,079 | €49,114 | €68,388 | €76,589 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €972,684 | €1.1m | €1.2m | €1.2m | €1.2m | ▼ 2.7% |
| Fixed assets21/28 | €670,172 | €662,703 | €713,473 | €627,941 | €549,500 | ▼ 12.5% |
| Intangible fixed assets21 | €69,103 | €63,163 | €57,224 | €51,286 | €45,346 | ▼ 11.6% |
| Tangible fixed assets22/27 | €600,524 | €598,995 | €655,704 | €576,110 | €503,609 | ▼ 12.6% |
| Land and buildings22 | €545,999 | €511,332 | €476,665 | €441,998 | €407,331 | ▼ 7.8% |
| Plant, machinery and equipment23 | €9,267 | €4,634 | €2,600 | €1,300 | €1,300 | = |
| Furniture and vehicles24 | €6,209 | €3,782 | €1,761 | €850 | €2,977 | ▲ 250% |
| Leasing and similar rights25 | €5,677 | €35,623 | €134,825 | €98,893 | €62,960 | ▼ 36.3% |
| Other tangible fixed assets26 | €33,372 | €43,624 | €39,853 | €33,069 | €29,041 | ▼ 12.2% |
| Financial fixed assets28 | €545 | €545 | €545 | €545 | €545 | = |
| Current assets29/58 | €302,512 | €398,086 | €440,725 | €567,987 | €613,610 | ▲ 8.0% |
| Stocks and contracts in progress3 | €105,588 | €129,683 | €142,503 | €125,745 | €119,463 | ▼ 5.0% |
| Stocks30/36 | €105,588 | €129,683 | €142,503 | €125,745 | €119,463 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €86,847 | €100,650 | €129,379 | €156,323 | €128,619 | ▼ 17.7% |
| Trade receivables40 | €83,979 | €97,505 | €128,064 | €153,106 | €127,749 | ▼ 16.6% |
| Other amounts receivable41 | €2,868 | €3,145 | €1,315 | €3,217 | €870 | ▼ 73.0% |
| Cash at bank and in hand54/58 | €110,077 | €167,753 | €168,843 | €285,919 | €365,528 | ▲ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €972,684 | €1.1m | €1.2m | €1.2m | €1.2m | ▼ 2.7% |
| Equity10/15 | €283,300 | €356,379 | €405,493 | €473,881 | €550,470 | ▲ 16.2% |
| Contributions10/11 | €62,237 | €62,237 | €62,237 | €62,237 | €62,237 | = |
| Capital10 | €62,237 | €62,237 | €62,237 | €62,237 | €62,237 | = |
| Issued capital100 | €62,237 | €62,237 | €62,237 | €62,237 | €62,237 | = |
| Reserves13 | €3,101 | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Non-distributable reserves130/1 | €3,101 | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Legal reserve130 | €3,101 | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Profit (loss) carried forward14 | €217,962 | €291,041 | €340,155 | €408,543 | €485,132 | ▲ 18.7% |
| Amounts payable17/49 | €689,384 | €704,410 | €748,705 | €722,047 | €612,640 | ▼ 15.2% |
| Amounts payable after more than one year17 | €351,663 | €347,205 | €385,074 | €328,627 | €270,873 | ▼ 17.6% |
| Financial debts170/4 | €351,663 | €347,205 | €385,074 | €328,627 | €270,873 | ▼ 17.6% |
| Amounts payable within one year42/48 | €337,721 | €357,205 | €363,631 | €393,419 | €341,767 | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | €72,420 | €34,803 | €55,177 | €56,447 | €57,754 | ▲ 2.3% |
| Trade debts44 | €153,648 | €201,961 | €193,539 | €223,362 | €164,173 | ▼ 26.5% |
| Suppliers440/4 | €153,648 | €201,961 | €193,539 | €223,362 | €164,173 | ▼ 26.5% |
| Taxes, remuneration and social security45 | €55,465 | €61,937 | €62,795 | €61,100 | €66,942 | ▲ 9.6% |
| Taxes450/3 | €2,352 | €2,629 | €1,311 | €1,599 | €3,412 | ▲ 113% |
| Remuneration and social security454/9 | €53,113 | €59,308 | €61,484 | €59,501 | €63,530 | ▲ 6.8% |
| Other amounts payable47/48 | €56,188 | €58,504 | €52,120 | €52,510 | €52,898 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,879 | €73,079 | €49,114 | €68,388 | €76,589 | ▲ 12.0% |
| + Depreciation and write-downs630 | €58,251 | €69,745 | €91,280 | €86,806 | €85,712 | ▼ 1.3% |
| Operating cash flow (approximation) | €106,130 | €142,824 | €140,394 | €155,194 | €162,301 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€62,276 | -€142,050 | -€1,274 | -€7,271 | ▼ 471% |
| Change in cash | - | €57,676 | €1,090 | €117,076 | €79,609 | ▼ 32.0% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500,000Eq €550,470 ▲16.2%
8 profitable years in a row build equity to €550,470.
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €126,679 ▲4,659%
Net result €126,679, the highest in the series.
31-12
Financial
Equity above €200,000Eq €235,421 ▲116%
3 profitable years in a row build equity to €235,421.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €2,662 ▼81.1%
Net result drops to €2,662, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Registered office, Anderlecht · 1 establishment unit since 1992
Ground area
722 m²
Building footprint
680 m²
Volume, LiDAR
2,688 m³
Parcel 21305C0253/00M009, Brussels · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Elektriciteitsstraat 20, 1070 Anderlecht
since 19922.056.184.224
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0253/00M009 | Brussels | 722 m² | 1 · 680 m² | 11.9 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.056.184.224
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Of 12,956 companies in sector 47120 we hold annual accounts for 2,191. 1,080 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
46492Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.