Summary
ABELUGA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1,146 and a net result of -€3,854. Its solvency ranks better than 9% of 5558 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 5558 sector peers (2025).
NBB · sector comparisonPosition among 5558 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 1 filingDeviation from the deadline
2025
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1,146
Net result
-€3,854
Total assets
€22,245
Solvency
5.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €21,391
Fixed assets
€10,000
Current assets
€11,391
Equity and liabilities €22,245
Equity
€1,146
Debt
€21,099
Debt finances 94.8% of the balance-sheet total.
Key figures and ratios
ROE
-336.3%
ROA
-17.3%
Debt ≤ 1 year
€21,099
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €198 |
| Other operating charges640/8 | €200 |
| Gross operating margin9900 | -€3,437 |
| Operating profit (loss)9901 | -€3,835 |
| Financial income75/76B | €96 |
| Recurring financial income75 | €96 |
| Financial charges65/66B | €115 |
| Recurring financial charges65 | €115 |
| Profit (loss) for the period before taxes9903 | -€3,854 |
| Profit (loss) for the period9904 | -€3,854 |
| Profit (loss) for the period to be appropriated9905 | -€3,854 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €22,245 | |
| Formation expenses20 | €854 | |
| Fixed assets21/28 | €10,000 | |
| Financial fixed assets28 | €10,000 | |
| Current assets29/58 | €11,391 | |
| Amounts receivable within one year40/41 | €11,373 | |
| Other amounts receivable41 | €11,373 | |
| Cash at bank and in hand54/58 | €18 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €22,245 | |
| Equity10/15 | €1,146 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€3,854 | |
| Amounts payable17/49 | €21,099 | |
| Amounts payable within one year42/48 | €21,099 | |
| Trade debts44 | €499 | |
| Suppliers440/4 | €499 | |
| Other amounts payable47/48 | €20,600 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€3,854 |
| + Depreciation and write-downs630 | €198 |
| Operating cash flow (approximation) | -€3,656 |
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
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2025
Ground area
5,129 m²
Building footprint
1,272 m²
Volume, LiDAR
15,833 m³
2 parcels, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Canium
since 20252.369.322.394
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0302/00L002 | Flanders | 3,941 m² | 1 · 1,112 m² | 15.6 m · 5 fl. |
| 31023B0385/00N000 | Flanders | 1,188 m² | 1 · 160 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Javana Vastgoed Holding
BE 0757.555.251
Lanaken · Eq €1,148
Lippens Manuel
BE 1011.526.886
Zulte · Eq €1,151
WARM
BE 0785.848.765
Turnhout · Eq €1,166
FEHICO
BE 0791.914.136
Merelbeke-Melle · Eq €1,169
Wellcare Matters
BE 0802.796.546
Hasselt · Eq €1,176
Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 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 formPrivate limited company
Founded24-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.