ABELTA
ActiveSummary
ABELTA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,132 and a net result of -€2,656. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-27
Solvency46▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.53 in 2024; short-term debt: 39.9% and cash: 3.5% of total assets), and 78.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
21.4%
Return on assets
-1.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
6 d early
2024
7 d early
2023
7 d early
2022
21 d early
2021
30 d early
2020
30 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,132▼ 6.2%
2024 · €42,787
Total assets
€187,226▲ 37.0%
2024 · €136,640
Net result
-€2,656
2024 · €28,105
Working capital
-€49,133▼ 27.7%
2024 · -€38,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, 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
Line20212022202320242025
Operating result€8,436▼ 32.3%-€1,128€17,482€39,760▲ 127%€1,635▼ 95.9%
Net result€3,381within the sector's middle half▼ 66.9%-€3,251below the sector's middle half€14,324within the sector's middle half€28,105within the sector's middle half▲ 96.2%-€2,656within the sector's middle half
Equity€33,610within the sector's middle half▲ 11.2%€30,359within the sector's middle half▼ 9.7%€44,683within the sector's middle half▲ 47.2%€42,787within the sector's middle half▼ 4.2%€40,132within the sector's middle half▼ 6.2%
Total assets€160,462within the sector's middle half▲ 34.5%€174,172within the sector's middle half▲ 8.5%€137,848within the sector's middle half▼ 20.9%€136,640within the sector's middle half▼ 0.9%€187,226within the sector's middle half▲ 37.0%
Debt€126,852▲ 42.4%€143,813▲ 13.4%€93,165▼ 35.2%€93,852▲ 0.7%€147,095▲ 56.7%
Working capital-€5,127within the sector's middle half-€33,806within the sector's middle half▼ 559%-€29,875within the sector's middle half▲ 11.6%-€38,469below the sector's middle half▼ 28.8%-€49,133below the sector's middle half▼ 27.7%
Solvency20.9%within the sector's middle half▼ 4.4pp17.4%within the sector's middle half▼ 3.5pp32.4%within the sector's middle half▲ 15.0pp31.3%within the sector's middle half▼ 1.1pp21.4%within the sector's middle half▼ 9.9pp
Current ratio0.90within the sector's middle half▼ 0.130.42below the sector's middle half▼ 0.480.37below the sector's middle half▼ 0.050.53below the sector's middle half▲ 0.160.34below the sector's middle half▼ 0.19
Return on assets (ROA)2.1%within the sector's middle half▼ 6.5pp-1.9%below the sector's middle half▼ 4.0pp10.4%above the sector's middle half▲ 12.3pp20.6%above the sector's middle half▲ 10.2pp-1.4%within the sector's middle half▼ 22.0pp
Staff (FTE)1.5=1▼ 33.3%1=1.5▲ 50.0%1.4▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,226
Fixed assets
€161,694 ▲ 73.3%
Current assets
€25,532 ▼ 41.1%
Equity and liabilities €187,226
Equity
€40,132 ▼ 6.2%
Debt
€147,095 ▲ 56.7%
Debt's share of the balance-sheet total rises from 68.7% to 78.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€39,587▼
2024 · €70,750
Cash flow
€35,296▼
2024 · €59,095
Debt to equity
3.67▲
2024 · 2.19
ROE
-6.6%▼
2024 · 65.7%
Interest coverage
9.23▼
2024 · 28.63
Debt ≤ 1 year
€74,666▼
2024 · €81,798
Debt > 1 year
€72,429▲
2024 · €12,054
Income taxes
€1▼
2024 · €9,206
Staff costs
€37,407▲
2024 · €35,660
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,549 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,933 | - |
| Remuneration, social security and pensions62 | - | €28,545 | €26,209 | €35,660 | €37,407 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,868 | €29,173 | €30,645 | €30,990 | €37,952 | ▲ 22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €773 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,780 | €1,825 | €851 | €2,998 | ▲ 252% |
| Non-recurring operating charges66A | - | €673 | €0 | €382 | €0 | ▼ 100% |
| Gross operating margin9900 | €59,133 | €59,043 | €76,161 | €108,415 | €79,992 | ▼ 26.2% |
| Operating profit (loss)9901 | €8,436 | -€1,128 | €17,482 | €39,760 | €1,635 | ▼ 95.9% |
| Financial income75/76B | - | €1,297 | €1 | €22 | €0 | ▼ 100% |
| Recurring financial income75 | €5 | €1,297 | €1 | €22 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,420 | €3,160 | €2,471 | €4,290 | ▲ 73.6% |
| Recurring financial charges65 | €5,060 | €3,420 | €3,160 | €2,471 | €4,290 | ▲ 73.6% |
| Profit (loss) for the period before taxes9903 | €3,381 | -€3,251 | €14,324 | €37,311 | -€2,655 | ▼ 107% |
| Income taxes67/77 | - | - | - | €9,206 | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | €3,381 | -€3,251 | €14,324 | €28,105 | -€2,656 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €3,381 | -€3,251 | €14,324 | €28,105 | -€2,656 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,462 | €174,172 | €137,848 | €136,640 | €187,226 | ▲ 37.0% |
| Fixed assets21/28 | €114,421 | €149,547 | €120,255 | €93,311 | €161,694 | ▲ 73.3% |
| Tangible fixed assets22/27 | €114,196 | €149,322 | €120,030 | €93,085 | €161,469 | ▲ 73.5% |
| Plant, machinery and equipment23 | - | €52,523 | €46,214 | €41,773 | €43,039 | ▲ 3.0% |
| Furniture and vehicles24 | - | €39,364 | €25,384 | €11,883 | €65,185 | ▲ 449% |
| Leasing and similar rights25 | - | €31,100 | €25,066 | €19,032 | €13,003 | ▼ 31.7% |
| Other tangible fixed assets26 | - | €26,335 | €23,366 | €20,397 | €40,242 | ▲ 97.3% |
| Financial fixed assets28 | €225 | €225 | €225 | €225 | €225 | = |
| Current assets29/58 | €46,041 | €24,625 | €17,593 | €43,329 | €25,532 | ▼ 41.1% |
| Amounts receivable within one year40/41 | €35,792 | €16,668 | €14,302 | €9,749 | €13,686 | ▲ 40.4% |
| Trade receivables40 | - | €15,461 | €12,694 | €7,591 | €7,229 | ▼ 4.8% |
| Other amounts receivable41 | - | €1,207 | €1,608 | €2,158 | €6,457 | ▲ 199% |
| Current investments50/53 | €14 | €14 | €0 | €14 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7,712 | - | €14 | €32,254 | €6,521 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | €7,943 | €3,276 | €1,312 | €5,325 | ▲ 306% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,462 | €174,172 | €137,848 | €136,640 | €187,226 | ▲ 37.0% |
| Equity10/15 | €33,610 | €30,359 | €44,683 | €42,787 | €40,132 | ▼ 6.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €13,610 | €10,100 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | €10,100 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | - | €259 | €19,683 | €17,787 | €15,132 | ▼ 14.9% |
| Amounts payable17/49 | €126,852 | €143,813 | €93,165 | €93,852 | €147,095 | ▲ 56.7% |
| Amounts payable after more than one year17 | €74,903 | €84,650 | €44,998 | €12,054 | €72,429 | ▲ 501% |
| Financial debts170/4 | - | €84,650 | €44,998 | €12,054 | €72,429 | ▲ 501% |
| Amounts payable within one year42/48 | €51,168 | €58,431 | €47,467 | €81,798 | €74,666 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €39,160 | €34,846 | €32,944 | €29,386 | ▼ 10.8% |
| Financial debts43 | - | €3,873 | €1,688 | €0 | - | - |
| Credit institutions430/8 | - | €3,873 | €1,688 | €0 | - | - |
| Trade debts44 | €20,192 | €10,808 | €9,389 | €4,625 | €10,540 | ▲ 128% |
| Suppliers440/4 | - | €10,808 | €9,389 | €4,625 | €10,540 | ▲ 128% |
| Taxes, remuneration and social security45 | - | €3,794 | €1,545 | €14,072 | €9,540 | ▼ 32.2% |
| Taxes450/3 | - | €1,150 | €850 | €9,706 | €5,423 | ▼ 44.1% |
| Remuneration and social security454/9 | - | €2,644 | €695 | €4,365 | €4,117 | ▼ 5.7% |
| Other amounts payable47/48 | - | €796 | - | €30,157 | €25,199 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | €732 | €700 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,381 | -€3,251 | €14,324 | €28,105 | -€2,656 | ▼ 109% |
| + Depreciation and write-downs630 | €23,868 | €29,173 | €30,645 | €30,990 | €37,952 | ▲ 22.5% |
| Operating cash flow (approximation) | €27,249 | €25,922 | €44,968 | €59,095 | €35,296 | ▼ 40.3% |
| Investment in fixed assets (approximation) | - | -€64,299 | -€1,353 | -€4,045 | -€106,336 | ▼ 2,529% |
| Change in cash | - | - | - | €32,240 | -€25,733 | ▼ 180% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2020net €28,105 ▲96.2%
Operating result €39,760, net result €28,105, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €14,324
Net result €14,324 after one loss-making year.
09-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€3,251
Net result drops to -€3,251, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Floreffe · 1 establishment unit since 2019
Ground area
426 m²
Building footprint
96 m²
Volume, LiDAR
764 m³
Parcel 92045B0114/02V000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ABELTA
since 20192.293.208.276
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92045B0114/02V000 | Wallonia | 426 m² | 1 · 96 m² | 9.8 m · 3 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.
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SOCIETE FORESTIERE DE FLORENNES
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Of 1,555 companies in sector 02200 we hold annual accounts for 448. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-2019
Fiscal year end30-09
Activities, NACEBEL 2025
02200Logging
81300Landscape service activities
46832Wholesale of timber
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
E-mail
quentinrase@hotmail.comFloreffe
Phone
+32474686174Floreffe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733536863
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.