ABFK
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-06-2024, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
34 d early
2022
116 d early
2021
139 d early
2020
180 d early
2019
140 d early
2018
175 d early
2017
132 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€440k▲ 391%
2022 · €90k
2019: €57k
2020: €41k▼ -28.8% vs 2019lowest in 5 years
2021: €46k▲ +13.9% vs 2020
2022: €90k▲ +92.8% vs 2021
2023: €440k▲ +391% vs 2022highest in 5 years
2019 → 2023
Total assets
€1.31M▲ 112%
2022 · €619k
2019: €444klowest in 5 years
2020: €499k▲ +12.3% vs 2019
2021: €500k▲ +0.3% vs 2020
2022: €619k▲ +23.7% vs 2021
2023: €1.31M▲ +112% vs 2022highest in 5 years
2019 → 2023
Net result
€451k▲ 945%
2022 · €43k
2019: €16klowest in 5 years
2020: €43k▲ +174% vs 2019
2021: €56k▲ +28.1% vs 2020
2022: €43k▼ -22.5% vs 2021
2023: €451k▲ +945% vs 2022highest in 5 years
2019 → 2023
Working capital
€301k▲ 135%
2022 · €128k
2019: €72klowest in 5 years
2020: €79k▲ +9.4% vs 2019
2021: €77k▼ -1.9% vs 2020
2022: €128k▲ +65.1% vs 2021
2023: €301k▲ +135% vs 2022highest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€57k-€41k▼ 28.8%€46k▲ 13.9%€90k▲ 92.8%€440k▲ 391%
2019: €57k
2020: €41k▼ -28.8% vs 2019lowest in 5 years
2021: €46k▲ +13.9% vs 2020
2022: €90k▲ +92.8% vs 2021
2023: €440k▲ +391% vs 2022highest in 5 years
Operating result€20k-€95k▲ 382%€87k▼ 8.1%€101k▲ 15.5%€623k▲ 518%
2019: €20klowest in 5 years
2020: €95k▲ +382% vs 2019
2021: €87k▼ -8.1% vs 2020
2022: €101k▲ +15.5% vs 2021
2023: €623k▲ +518% vs 2022highest in 5 years
Net result€16k-€43k▲ 174%€56k▲ 28.1%€43k▼ 22.5%€451k▲ 945%
2019: €16klowest in 5 years
2020: €43k▲ +174% vs 2019
2021: €56k▲ +28.1% vs 2020
2022: €43k▼ -22.5% vs 2021
2023: €451k▲ +945% vs 2022highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 518% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.31M
Fixed assets
€139k ▲ 6.0%
Current assets
€1.17M ▲ 141%
Equity and liabilities €1.31M
Equity
€440k ▲ 391%
Debt
€873k ▲ 64.9%
Debt's share of the balance-sheet total falls from 85.5% to 66.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€728k▲
2022 · €138k
Cash flow
€556k▲
2022 · €80k
Current ratio
1.34▼
2022 · 1.36
Quick ratio
1.00▼
2022 · 1.36
Debt to equity
1.98▼
2022 · 5.91
ROE
102.4%▲
2022 · 48.1%
ROA
34.3%▲
2022 · 7.0%
Interest coverage
21.60▲
2022 · 5.10
Debt ≤ 1 year
€873k▲
2022 · €360k
Income taxes
€144k▲
2022 · €32k
Staff costs
€805k▲
2022 · €512k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 63 lines
Balance sheet
Code20222023
Assets
Total assets20/58€619k€1.31M▲
Fixed assets21/28€132k€139k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€132k€139k▲
Land and buildings22€107k€78k▼
Plant, machinery and equipment23€13k€14k▲
Furniture and vehicles24€12k€47k▲
Current assets29/58€487k€1.17M▲
Amounts receivable after more than one year29€270k-
Trade receivables290€270k-
Stocks and contracts in progress3-€299k
Contracts in progress37-€299k
Amounts receivable within one year40/41€158k€539k▲
Trade receivables40€156k€159k▲
Other amounts receivable41€2k€380k▲
Current investments50/53€36k-
Cash at bank and in hand54/58€459€325k▲
Deferred charges and accrued income490/1€23k€10k▼
Equity and liabilities
Total equity and liabilities10/49€619k€1.31M▲
Equity10/15€90k€440k▲
Contributions10/11€37k€37k=
Reserves13€4k€354k▲
Non-distributable reserves130/1€4k-
Reserves not available under the articles1311€4k-
Distributable reserves133-€354k
Profit (loss) carried forward14€49k€49k=
Amounts payable17/49€529k€873k▲
Amounts payable after more than one year17€170k-
Financial debts170/4€70k-
Other amounts payable178/9€100k-
Amounts payable within one year42/48€360k€873k▲
Current portion of amounts payable after more than one year42€23k-
Financial debts43€105k€3k▼
Credit institutions430/8€105k€3k▼
Trade debts44€90k€687k▲
Suppliers440/4€90k€687k▲
Taxes, remuneration and social security45€142k€36k▼
Taxes450/3€63k-
Remuneration and social security454/9€79k€36k▼
Other amounts payable47/48-€147k
Income statement
Code20222023
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€512k€805k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€106k▲
Other operating charges640/8€8k€18k▲
Non-recurring operating charges66A-€25k
Gross operating margin9900€657k€1.58M▲
Operating profit (loss)9901€101k€623k▲
Financial income75/76B€1k€7k▲
Recurring financial income75€1k€7k▲
Financial charges65/66B€27k€35k▲
Recurring financial charges65€27k€34k▲
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€75k€595k▲
Income taxes67/77€32k€144k▲
Profit (loss) for the period9904€43k€451k▲
Profit (loss) for the period to be appropriated9905€43k€451k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€500k▲
Profit (loss) brought forward from the previous period14P€6k€49k▲
Transfer to equity691/2-€351k
To the legal reserve6920-€351k
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
Social balance
Average headcount (FTE)90878.511.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Remuneration, social security and pensions62 | - | - | - | €512k | €805k | ▲ 57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €38k | €37k | €37k | €106k | ▲ 184% |
| Other operating charges640/8 | - | - | - | €8k | €18k | ▲ 128% |
| Non-recurring operating charges66A | - | - | - | - | €25k | - |
| Gross operating margin9900 | €469k | €588k | €642k | €657k | €1.58M | ▲ 140% |
| Operating profit (loss)9901 | €20k | €95k | €87k | €101k | €623k | ▲ 518% |
| Financial income75/76B | - | - | - | €1k | €7k | ▲ 498% |
| Recurring financial income75 | €1k | €366 | €3k | €1k | €7k | ▲ 498% |
| Financial charges65/66B | - | - | - | €27k | €35k | ▲ 28.4% |
| Recurring financial charges65 | €16k | €17k | €16k | €27k | €34k | ▲ 24.7% |
| Non-recurring financial charges66B | - | - | - | - | €1k | - |
| Profit (loss) for the period before taxes9903 | €31k | €79k | €82k | €75k | €595k | ▲ 695% |
| Income taxes67/77 | €15k | €35k | €27k | €32k | €144k | ▲ 356% |
| Profit (loss) for the period9904 | €16k | €43k | €56k | €43k | €451k | ▲ 945% |
| Profit (loss) for the period to be appropriated9905 | €16k | €43k | €56k | €43k | €451k | ▲ 945% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €499k | €500k | €619k | €1.31M | ▲ 112% |
| Fixed assets21/28 | €164k | €144k | €134k | €132k | €139k | ▲ 6.0% |
| Intangible fixed assets21 | €2k | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €162k | €144k | €134k | €132k | €139k | ▲ 6.0% |
| Land and buildings22 | - | - | - | €107k | €78k | ▼ 26.9% |
| Plant, machinery and equipment23 | - | - | - | €13k | €14k | ▲ 11.6% |
| Furniture and vehicles24 | - | - | - | €12k | €47k | ▲ 306% |
| Current assets29/58 | €280k | €355k | €366k | €487k | €1.17M | ▲ 141% |
| Amounts receivable after more than one year29 | - | - | - | €270k | - | - |
| Trade receivables290 | - | - | - | €270k | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €299k | - |
| Contracts in progress37 | - | - | - | - | €299k | - |
| Amounts receivable within one year40/41 | €152k | €97k | €107k | €158k | €539k | ▲ 241% |
| Trade receivables40 | - | - | - | €156k | €159k | ▲ 2.0% |
| Other amounts receivable41 | - | - | - | €2k | €380k | ▲ 17,049% |
| Current investments50/53 | - | - | €31k | €36k | - | - |
| Cash at bank and in hand54/58 | €467 | €50k | €573 | €459 | €325k | ▲ 70,818% |
| Deferred charges and accrued income490/1 | - | - | - | €23k | €10k | ▼ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €499k | €500k | €619k | €1.31M | ▲ 112% |
| Equity10/15 | €57k | €41k | €46k | €90k | €440k | ▲ 391% |
| Contributions10/11 | €37k | - | - | €37k | €37k | = |
| Reserves13 | €4k | - | €4k | €4k | €354k | ▲ 9,573% |
| Non-distributable reserves130/1 | - | - | - | €4k | - | - |
| Reserves not available under the articles1311 | - | - | - | €4k | - | - |
| Distributable reserves133 | - | - | - | - | €354k | - |
| Profit (loss) carried forward14 | €17k | €492 | €6k | €49k | €49k | = |
| Amounts payable17/49 | €387k | €458k | €454k | €529k | €873k | ▲ 64.9% |
| Amounts payable after more than one year17 | €179k | €182k | €165k | €170k | - | - |
| Financial debts170/4 | - | - | - | €70k | - | - |
| Other amounts payable178/9 | - | - | - | €100k | - | - |
| Amounts payable within one year42/48 | €208k | €276k | €288k | €360k | €873k | ▲ 143% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23k | - | - |
| Financial debts43 | - | - | - | €105k | €3k | ▼ 96.8% |
| Credit institutions430/8 | - | - | - | €105k | €3k | ▼ 96.8% |
| Trade debts44 | €50k | €73k | €70k | €90k | €687k | ▲ 662% |
| Suppliers440/4 | - | - | - | €90k | €687k | ▲ 662% |
| Taxes, remuneration and social security45 | - | - | - | €142k | €36k | ▼ 74.8% |
| Taxes450/3 | - | - | - | €63k | - | - |
| Remuneration and social security454/9 | - | - | - | €79k | €36k | ▼ 54.5% |
| Other amounts payable47/48 | - | - | - | - | €147k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €43k | €56k | €43k | €451k | ▲ 945% |
| + Depreciation and write-downs630 | €42k | €38k | €37k | €37k | €106k | ▲ 184% |
| Operating cash flow (approximation) | €58k | €81k | €92k | €80k | €556k | ▲ 592% |
| Investment in fixed assets (approximation) | - | €-17k | €-27k | €-34k | €-113k | ▼ 231% |
| Change in cash | - | €50k | €-50k | €-114 | €325k | ▲ 284,157% |
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
2024
19-09
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · VAN MAELE Olivier
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
24-05
State Gazette act
Merger · Accounting effect
2023
31-12
Financial
Highest result since 2019net €451k ▲945%
Operating result €623k, net result €451k, both a record.
31-12
Financial
Equity above €200kEq €440k ▲391%
5 profitable years in a row build equity to €440k.
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
We know of 11 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:MOORE FINANCE & TAX
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 4,866 EUR awarded · 4,926 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 750 EUR | 750 EUR |
| 2023 | 1 | 2,181 EUR | 2,241 EUR |
| 2022 | 1 | 1,935 EUR | 1,935 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)