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Abies Grandis

Active
Public limited companyfounded 2011active for 15 yearsEsplanade Oscar Van de Voorde 1, 9000 Gent, BelgiumKBO/BCE: BE 0837.758.217
Summary

Abies Grandis has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €1.0m. Equity has been shrinking by about 3.2% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 16% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 11-07-2011 Normal situation
Registered office
96 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
Establishment unit
2.201.753.510 9000 Gent, since 11-07-2011
Financial year end
31 December
Peppol
Reachable since 25-08-2025

Board and ownership

Board
  • MG RE InvestmentManaging director · permanent representative Ignace De Paepe
  • MEA VOTA ONEDirector · since 10-06-2022 · permanent representative Anja Tackaert
  • PRODITDirector · since 10-06-2022 · permanent representative Ignace Tytgat
and 4 others
Auditor
Ernst & Young Bedrijfsrevisoren
Shareholders

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€6.0m
Turnover
≈ €7.3m
estimated
Profit
€1.0m
Equity
€2.4m
▲ 75.4%
Total assets
€77.9m
▲ 16.7%
Equity +75%: capital increase
Score breakdownraises riskLiquidity: current ratio 0.55, cash €342,504, halvedEquity €2.4m (3.0% of total assets)lowers riskSize: total assets €77.9mFigures for financial year 2025 (filed on 15-06-2026)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 46% of large companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 28+1
equity 3.0% of total assets
Liquidity 44-8
short-term debt 19.7% · cash 0.4%
Profitability 42+5
return on assets 1.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (318 companies, NACE 68, large)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.4%▼ -0.1 percentage points vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.4 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.55 (5.05 in 2024), below 1. Short-term debt is 19.7% and cash 0.4% of total assets. 97% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, large). It does better than 16% of them on solvency, 31% on liquidity, 45% on profitability and 91% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €77.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.55, cash €342,504, halved
NBB · annual accounts
raises risk · Equity €2.4m (3.0% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 15-06-2026)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5801 sector peers (2025).
NBB · sector comparison
Position among 5801 sector peers
Solvency
better than 16%
← weakest strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
11 days late
2023
12 days late
2022
42 days early
2021
32 days early
2020
24 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €74,052 in 2024 €1.0m View
  • Caution: Lower solvency than 83% of companies in real estatesector median 38.2% · 5,801 companies 3.0% View
  • New directorslatest change 22-06-2026 · 7 in office 3 joined View

Recent changes

  1. · Gazette deed 6 directors appointedReappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor) · Appointments: MG RE Investment BV, Prodit BV and 3 others · Permanent representatives: Ignace De Paepe, Ignace Tytgat and 3 others
  2. · Gazette deed Capital increase of €2,418,000 to €2,480,000Capital from €62,000 to €2,480,000, 3,900 new shares · Capital contribution of €2,418,000, 3,900 shares · Resignation: MG Investment (director)
  3. · Gazette deed 1 director appointed, 3 reappointedAppointment: Mea Vota One BV (director) · Permanent representatives: Tackaert Anja, Ignace De Paepe and 3 others · Reappointments: MG Investment BV, SCS BV and 2 others
All 18 events

Comparable companies

These companies have the same main activity as Abies Grandis: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €47m and €124m, founded between 2004 and 2015.

CompanyTotal assetsGross margin
Abies Grandis Gent€77.9m€6.0m
LICENSE TO CONSTRUCT Gent€114.7m€4.7m
Europe Logistics Partners Willebroek I Etterbeek€78.6m€7.3m
H.ESSERS REAL ESTATE COMPANY Genk€86.1m€10.3m
CEREP LOI 1 Sint-Joost-ten-Node€74.0m€3.9m
AG Stadsontwikkeling Hasselt Hasselt€123.6m€6.4m
CENTRE D'AFFAIRES LIEGE AVROY Liège€46.9m€3.7m
Full comparison

Key facts about Abies Grandis

What is the company number of Abies Grandis?
The company number of Abies Grandis is 0837.758.217. The VAT number is the same number with BE in front: BE 0837.758.217.
Where is Abies Grandis based?
The registered office is at Esplanade Oscar Van de Voorde 1, 9000 Gent.Company details
What does Abies Grandis do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Abies Grandis?
The legal form of Abies Grandis is Public limited company (NV).
When was Abies Grandis founded?
Abies Grandis was founded on 11-07-2011.
Is Abies Grandis still active?
Yes, Abies Grandis is an active enterprise in the KBO register.
What is the turnover of Abies Grandis?
The turnover in financial year 2025 is ≈ €7.3m. This figure is estimated from the gross margin of €6.0m and 32 comparable companies (NACE 68203). It probably lies between €6.0m and €8.5m.Financials
Is Abies Grandis profitable?
In financial year 2025, Abies Grandis made a profit of €1.0m.
Where can I find the annual accounts of Abies Grandis?
Abies Grandis filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Abies Grandis due?
Abies Grandis must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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