ABESCO
ActiveSummary
ABESCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €799,698 and a net result of €2,553. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 1941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-31
Solvency68▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.62 in 2023; short-term debt: 55.8% and cash: 11.5% of total assets), and 57.5% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
16 d early
2022
29 d late
2021
10 d late
2020
1 d early
2019
13 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 2 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 Is the workforce growing, and do people stay?Employer 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 oldest company in Glabbeek, Professional and technical services sector#3 company by total assets in Glabbeek, Professional and technical services sector#6 employer in Glabbeek
Equity
€799,698▼ 1.4%
2023 · €811,431
Total assets
€1.9m▲ 26.9%
2023 · €1.5m
Net result
€2,553▼ 97.5%
2023 · €100,478
Working capital
€344,568▼ 6.8%
2023 · €369,891
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€115,614▼ 30.7%€198,204▲ 71.4%€247,391▲ 24.8%€208,556▼ 15.7%€62,807▼ 69.9%
Net result€21,763within the sector's middle half▼ 64.0%€76,063within the sector's middle half▲ 250%€126,017above the sector's middle half▲ 65.7%€100,478within the sector's middle half▼ 20.3%€2,553within the sector's middle half▼ 97.5%
Equity€668,460above the sector's middle half▲ 3.4%€744,522above the sector's middle half▲ 11.4%€749,453above the sector's middle half▲ 0.7%€811,431above the sector's middle half▲ 8.3%€799,698above the sector's middle half▼ 1.4%
Total assets€1.9mabove the sector's middle half▲ 9.2%€1.8mabove the sector's middle half▼ 5.3%€1.5mwithin the sector's middle half▼ 12.9%€1.5mwithin the sector's middle half▼ 4.1%€1.9mabove the sector's middle half▲ 26.9%
Debt€1.2m▲ 12.7%€1.0m▼ 14.5%€796,507▼ 22.7%€670,804▼ 15.8%€1.1m▲ 61.1%
Working capital€299,939within the sector's middle half▲ 17.5%€357,430within the sector's middle half▲ 19.2%€297,389within the sector's middle half▼ 16.8%€369,891within the sector's middle half▲ 24.4%€344,568within the sector's middle half▼ 6.8%
Solvency35.7%within the sector's middle half▼ 2.0pp42.0%within the sector's middle half▲ 6.3pp48.5%within the sector's middle half▲ 6.5pp54.7%within the sector's middle half▲ 6.3pp42.5%within the sector's middle half▼ 12.2pp
Current ratio1.31within the sector's middle half=1.41within the sector's middle half▲ 0.101.44within the sector's middle half▲ 0.031.62within the sector's middle half▲ 0.181.33within the sector's middle half▼ 0.29
Return on assets (ROA)1.2%within the sector's middle half▼ 2.4pp4.3%within the sector's middle half▲ 3.1pp8.2%within the sector's middle half▲ 3.9pp6.8%within the sector's middle half▼ 1.4pp0.1%below the sector's middle half▼ 6.6pp
Staff (FTE)29.4above the sector's middle half▼ 0.7%26.6above the sector's middle half▼ 9.5%24.8above the sector's middle half▼ 6.8%20.8above the sector's middle half▼ 16.1%20above the sector's middle half▼ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 70% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€487,175 ▼ 6.0%
Current assets
€1.4m ▲ 44.5%
Equity and liabilities €1.9m
Equity
€799,698 ▼ 1.4%
Debt
€1.1m ▲ 61.1%
Debt's share of the balance-sheet total rises from 45.3% to 57.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€123,549▼
2023 · €274,000
Cash flow
€63,295▼
2023 · €165,921
Quick ratio
1.27▼
2023 · 1.47
Debt to equity
1.35▲
2023 · 0.83
ROE
0.3%▼
2023 · 12.4%
Interest coverage
3.28▼
2023 · 6.12
Debt ≤ 1 year
€1.0m▲
2023 · €594,163
Debt > 1 year
€29,545▼
2023 · €74,142
Income taxes
€23,359▼
2023 · €72,654
Staff costs
€1.7m▼
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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 14,733 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 | - | €0 | €285 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,986 | €55,119 | €50,642 | €65,443 | €60,742 | ▼ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€15,620 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €6,784 | €6,429 | €13,030 | €6,177 | ▼ 52.6% |
| Gross operating margin9900 | €2.0m | €2.0m | €2.0m | €2.0m | €1.8m | ▼ 10.2% |
| Operating profit (loss)9901 | €115,614 | €198,204 | €247,391 | €208,556 | €62,807 | ▼ 69.9% |
| Financial income75/76B | - | €418 | €1,675 | €9,339 | €768 | ▼ 91.8% |
| Recurring financial income75 | €3,499 | €418 | €1,675 | €9,339 | €768 | ▼ 91.8% |
| Financial charges65/66B | - | €44,960 | €39,261 | €44,764 | €37,662 | ▼ 15.9% |
| Recurring financial charges65 | €51,191 | €44,960 | €39,261 | €44,764 | €37,662 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | €67,922 | €153,662 | €209,804 | €173,132 | €25,913 | ▼ 85.0% |
| Income taxes67/77 | €46,159 | €77,600 | €83,787 | €72,654 | €23,359 | ▼ 67.8% |
| Profit (loss) for the period9904 | €21,763 | €76,063 | €126,017 | €100,478 | €2,553 | ▼ 97.5% |
| Profit (loss) for the period to be appropriated9905 | €21,763 | €76,063 | €126,017 | €100,478 | €2,553 | ▼ 97.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.5m | €1.5m | €1.9m | ▲ 26.9% |
| Fixed assets21/28 | €597,794 | €550,153 | €571,310 | €518,182 | €487,175 | ▼ 6.0% |
| Intangible fixed assets21 | €6,834 | €4,556 | €2,278 | €0 | - | - |
| Tangible fixed assets22/27 | €496,694 | €452,751 | €483,756 | €437,906 | €396,889 | ▼ 9.4% |
| Land and buildings22 | - | €434,567 | €407,134 | €378,311 | €350,170 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €7,869 | €3,676 | €180 | €30 | ▼ 83.6% |
| Furniture and vehicles24 | - | €10,315 | €72,947 | €59,415 | €46,690 | ▼ 21.4% |
| Financial fixed assets28 | €94,266 | €92,846 | €85,276 | €80,276 | €90,286 | ▲ 12.5% |
| Current assets29/58 | €1.3m | €1.2m | €974,650 | €964,054 | €1.4m | ▲ 44.5% |
| Stocks and contracts in progress3 | €57,981 | €61,592 | €98,021 | €88,359 | €60,263 | ▼ 31.8% |
| Contracts in progress37 | - | €61,592 | €98,021 | €88,359 | €60,263 | ▼ 31.8% |
| Amounts receivable within one year40/41 | €1.0m | €870,411 | €581,057 | €653,985 | €1.1m | ▲ 64.5% |
| Trade receivables40 | - | €868,853 | €488,206 | €580,252 | €998,769 | ▲ 72.1% |
| Other amounts receivable41 | - | €1,558 | €92,850 | €73,733 | €77,030 | ▲ 4.5% |
| Cash at bank and in hand54/58 | €187,673 | €265,099 | €269,999 | €201,212 | €215,706 | ▲ 7.2% |
| Deferred charges and accrued income490/1 | - | €27,017 | €25,573 | €20,498 | €41,560 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.5m | €1.5m | €1.9m | ▲ 26.9% |
| Equity10/15 | €668,460 | €744,522 | €749,453 | €811,431 | €799,698 | ▼ 1.4% |
| Contributions10/11 | €109,220 | €109,664 | €109,664 | €109,664 | €109,664 | = |
| Capital10 | - | €109,220 | €109,220 | €109,220 | - | - |
| Issued capital100 | - | €109,220 | €109,220 | €109,220 | - | - |
| Outside capital11 | - | €444 | €444 | €444 | - | - |
| Share premium1100/10 | - | €444 | €444 | €444 | - | - |
| Reserves13 | €558,796 | €634,859 | €639,789 | €701,767 | €690,035 | ▼ 1.7% |
| Non-distributable reserves130/1 | - | €15,957 | €15,957 | €15,957 | €0 | ▼ 100% |
| Legal reserve130 | - | €15,957 | €15,957 | €15,957 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - |
| Tax-exempt reserves132 | - | €40,014 | €40,014 | €40,014 | €40,014 | = |
| Distributable reserves133 | - | €578,887 | €583,818 | €645,796 | €650,021 | ▲ 0.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.2m | €1.0m | €796,507 | €670,804 | €1.1m | ▲ 61.1% |
| Amounts payable after more than one year17 | €205,612 | €163,061 | €119,247 | €74,142 | €29,545 | ▼ 60.2% |
| Financial debts170/4 | - | €163,061 | €119,247 | €74,142 | €29,545 | ▼ 60.2% |
| Amounts payable within one year42/48 | €975,093 | €866,688 | €677,260 | €594,163 | €1.0m | ▲ 76.5% |
| Current portion of amounts payable after more than one year42 | - | €42,552 | €43,814 | €45,105 | €44,597 | ▼ 1.1% |
| Financial debts43 | - | €33,448 | €25,084 | €29,552 | €37,956 | ▲ 28.4% |
| Credit institutions430/8 | - | €33,448 | €25,084 | €29,552 | €37,956 | ▲ 28.4% |
| Trade debts44 | €576,010 | €168,018 | €288,598 | €189,603 | €607,901 | ▲ 221% |
| Suppliers440/4 | - | €168,018 | €288,598 | €189,603 | €607,901 | ▲ 221% |
| Taxes, remuneration and social security45 | - | €349,545 | €263,765 | €291,403 | €344,021 | ▲ 18.1% |
| Taxes450/3 | - | €132,884 | €37,482 | €87,947 | €97,404 | ▲ 10.8% |
| Remuneration and social security454/9 | - | €216,661 | €226,283 | €203,455 | €246,617 | ▲ 21.2% |
| Other amounts payable47/48 | - | €273,125 | €56,000 | €38,500 | €14,286 | ▼ 62.9% |
| Accrued charges and deferred income492/3 | - | €0 | - | €2,500 | €2,500 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,763 | €76,063 | €126,017 | €100,478 | €2,553 | ▼ 97.5% |
| + Depreciation and write-downs630 | €71,986 | €55,119 | €50,642 | €65,443 | €60,742 | ▼ 7.2% |
| Operating cash flow (approximation) | €93,749 | €131,182 | €176,659 | €165,921 | €63,295 | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | -€7,478 | -€71,799 | -€12,314 | -€29,736 | ▼ 141% |
| Change in cash | - | €77,425 | €4,901 | -€68,787 | €14,494 | ▲ 121% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €2,553 ▼97.5%
Net result drops to €2,553, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
27-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Glabbeek · 2 establishment units since 2001
Ground area
3,545 m²
Building footprint
579 m²
Volume, LiDAR
4,644 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Tiensesteenweg 79, 3380 Glabbeek
since 20012.047.224.194
Dr. Victor Van Cauterenstraat 12, 9240 Zele
since 20112.202.070.739
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24018E0155/00H004 | Flanders | 3,168 m² | 1 · 154 m² | 11.3 m · 2 fl. |
| 42402F0072/00P000 | Flanders | 378 m² | 1 · 425 m² | 12.2 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
11.39%
Holdings 1
-
99.87%
According to the 2024 annual accounts of ABESCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 14,926 EUR awarded · 13,928 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,536 EUR | 4,415 EUR |
| 2024 | 1 | 3,183 EUR | 2,574 EUR |
| 2023 | 2 | 4,026 EUR | 3,859 EUR |
| 2022 | 1 | 3,181 EUR | 3,080 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,769 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
Founded14-02-1990
Fiscal year end31-12
Abbreviation NL
L.A.K.
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439771571
Also
9925:BE0439771571
Registered
06-12-2024
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.