ABILITY DESIGN
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 31 filings
Equity
€2,123▼ 84.3%
2024 · €13,522
Total assets
€96,354▼ 16.6%
2024 · €115,601
Net result
-€11,399▼ 50.0%
2024 · -€7,598
Working capital
-€90,432▼ 9.2%
2024 · -€82,798
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€10,030
▼ 48.9%
2025
20182025
Net result
-€11,399
▼ 50.0%
2025
lowest quarter of the sector
20182025
Equity
€2,123
▼ 84.3%
2025
lowest quarter of the sector
20182025
Total assets
€96,354
▼ 16.6%
2025
lowest quarter of the sector
20182025
Debt
€94,231
▼ 7.7%
2025
20182025
Working capital
-€90,432
▼ 9.2%
2025
lowest quarter of the sector
20182025
Solvency
2.2%
▼ 9.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.04
▼ 0.15
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-11.8%
▼ 5.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€13,144--€6,577▲ 50.0%€42-€10,240-€465▲ 95.5%-€11,960▼ 2,472%-€6,735▲ 43.7%-€10,030▼ 48.9%
Net result-€15,538--€8,431▲ 45.7%-€1,981within the sector's middle half▲ 76.5%-€11,455below the sector's middle half▼ 478%-€1,871within the sector's middle half▲ 83.7%-€12,791below the sector's middle half▼ 584%-€7,598below the sector's middle half▲ 40.6%-€11,399below the sector's middle half▼ 50.0%
Equity€57,649-€49,218▼ 14.6%€47,237within the sector's middle half▼ 4.0%€35,782within the sector's middle half▼ 24.3%€33,911within the sector's middle half▼ 5.2%€21,120within the sector's middle half▼ 37.7%€13,522within the sector's middle half▼ 36.0%€2,123below the sector's middle half▼ 84.3%
Total assets€173,751-€146,394▼ 15.7%€132,310within the sector's middle half▼ 9.6%€110,843within the sector's middle half▼ 16.2%€136,388within the sector's middle half▲ 23.0%€120,558within the sector's middle half▼ 11.6%€115,601within the sector's middle half▼ 4.1%€96,354below the sector's middle half▼ 16.6%
Debt€116,102-€97,176▼ 16.3%€85,073▼ 12.5%€75,061▼ 11.8%€102,477▲ 36.5%€99,438▼ 3.0%€102,079▲ 2.7%€94,231▼ 7.7%
Working capital-€25,315--€41,184▼ 62.7%-€49,393below the sector's middle half▼ 19.9%-€67,113below the sector's middle half▼ 35.9%-€69,893below the sector's middle half▼ 4.1%-€78,965below the sector's middle half▼ 13.0%-€82,798below the sector's middle half▼ 4.9%-€90,432below the sector's middle half▼ 9.2%
Solvency33.2%-33.6%▲ 0.4pp35.7%within the sector's middle half▲ 2.1pp32.3%within the sector's middle half▼ 3.4pp24.9%within the sector's middle half▼ 7.4pp17.5%below the sector's middle half▼ 7.3pp11.7%below the sector's middle half▼ 5.8pp2.2%below the sector's middle half▼ 9.5pp
Current ratio0.68-0.43▼ 0.250.30below the sector's middle half▼ 0.130.05below the sector's middle half▼ 0.250.32below the sector's middle half▲ 0.270.21below the sector's middle half▼ 0.110.19below the sector's middle half▼ 0.020.04below the sector's middle half▼ 0.15
Return on assets (ROA)-8.9%--5.8%▲ 3.2pp-1.5%within the sector's middle half▲ 4.3pp-10.3%below the sector's middle half▼ 8.8pp-1.4%within the sector's middle half▲ 9.0pp-10.6%below the sector's middle half▼ 9.2pp-6.6%below the sector's middle half▲ 4.0pp-11.8%below the sector's middle half▼ 5.3pp
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,030, larger than the loss of €6,735 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,354
Fixed assets
€92,555 ▼ 3.9%
Current assets
€3,799 ▼ 80.3%
Equity and liabilities €96,354
Equity
€2,123 ▼ 84.3%
Debt
€94,231 ▼ 7.7%
Debt's share of the balance-sheet total rises from 88.3% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,265▼
2024 · -€2,970
Cash flow
-€7,634▼
2024 · -€3,833
Debt to equity
44.39▲
2024 · 7.55
ROE
-536.9%▼
2024 · -56.2%
Interest coverage
-4.58▼
2024 · -3.44
Debt ≤ 1 year
€94,231▼
2024 · €102,079
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | = |
| Other operating charges640/8 | - | - | - | €3,031 | €3,095 | €3,403 | €3,522 | €3,632 | ▲ 3.1% |
| Gross operating margin9900 | -€6,088 | €216 | €6,818 | -€3,444 | €6,395 | -€4,792 | €552 | -€2,633 | - |
| Operating profit (loss)9901 | -€13,144 | -€6,577 | €42 | -€10,240 | -€465 | -€11,960 | -€6,735 | -€10,030 | ▼ 48.9% |
| Financial charges65/66B | - | - | - | €1,215 | €1,406 | €831 | €863 | €1,369 | ▲ 58.6% |
| Recurring financial charges65 | €2,491 | €1,854 | €2,023 | €1,215 | €1,406 | €831 | €863 | €1,369 | ▲ 58.6% |
| Profit (loss) for the period before taxes9903 | -€15,635 | -€8,431 | -€1,981 | -€11,455 | -€1,871 | -€12,791 | -€7,598 | -€11,399 | ▼ 50.0% |
| Income taxes67/77 | -€97 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€15,538 | -€8,431 | -€1,981 | -€11,455 | -€1,871 | -€12,791 | -€7,598 | -€11,399 | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | -€15,538 | -€8,431 | -€1,981 | -€11,455 | -€1,871 | -€12,791 | -€7,598 | -€11,399 | ▼ 50.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €173,751 | €146,394 | €132,310 | €110,843 | €136,388 | €120,558 | €115,601 | €96,354 | ▼ 16.6% |
| Fixed assets21/28 | €118,910 | €115,145 | €111,380 | €107,615 | €103,850 | €100,085 | €96,320 | €92,555 | ▼ 3.9% |
| Tangible fixed assets22/27 | €118,910 | €115,145 | €111,380 | €107,615 | €103,850 | €100,085 | €96,320 | €92,555 | ▼ 3.9% |
| Land and buildings22 | - | - | - | €107,615 | €103,850 | €100,085 | €96,320 | €92,555 | ▼ 3.9% |
| Current assets29/58 | €54,841 | €31,249 | €20,930 | €3,228 | €32,538 | €20,473 | €19,281 | €3,799 | ▼ 80.3% |
| Amounts receivable within one year40/41 | €49,904 | €29,109 | €14,412 | €1,781 | €19,647 | €19,541 | €18,596 | €3,696 | ▼ 80.1% |
| Other amounts receivable41 | - | - | - | €1,781 | €19,647 | €19,541 | €18,596 | €3,696 | ▼ 80.1% |
| Cash at bank and in hand54/58 | €4,937 | €2,140 | €6,518 | €1,371 | €12,809 | €838 | €585 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €76 | €82 | €94 | €100 | €103 | ▲ 3.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €173,751 | €146,394 | €132,310 | €110,843 | €136,388 | €120,558 | €115,601 | €96,354 | ▼ 16.6% |
| Equity10/15 | €57,649 | €49,218 | €47,237 | €35,782 | €33,911 | €21,120 | €13,522 | €2,123 | ▼ 84.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | - | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €54,595 | €54,595 | €54,595 | €54,595 | €54,595 | €54,595 | €54,595 | €54,595 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €52,736 | €52,736 | €52,736 | €52,736 | €52,736 | = |
| Profit (loss) carried forward14 | -€15,538 | -€23,969 | -€25,950 | -€37,405 | -€39,276 | -€52,067 | -€59,665 | -€71,064 | ▼ 19.1% |
| Amounts payable17/49 | €116,102 | €97,176 | €85,073 | €75,061 | €102,477 | €99,438 | €102,079 | €94,231 | ▼ 7.7% |
| Amounts payable after more than one year17 | €34,666 | €24,666 | €14,666 | €4,666 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €4,666 | - | - | - | - | - |
| Amounts payable within one year42/48 | €80,156 | €72,433 | €70,323 | €70,341 | €102,431 | €99,438 | €102,079 | €94,231 | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,000 | €4,666 | - | - | - | - |
| Financial debts43 | - | - | - | - | - | - | - | €2,482 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €2,482 | - |
| Trade debts44 | €44,238 | €36,785 | €36,899 | €36,917 | €74,165 | €75,484 | €74,934 | €36,336 | ▼ 51.5% |
| Suppliers440/4 | - | - | - | €36,917 | €74,165 | €75,484 | €74,934 | €36,336 | ▼ 51.5% |
| Other amounts payable47/48 | - | - | - | €23,424 | €23,600 | €23,954 | €27,145 | €55,413 | ▲ 104% |
| Accrued charges and deferred income492/3 | - | - | - | €54 | €46 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,538 | -€8,431 | -€1,981 | -€11,455 | -€1,871 | -€12,791 | -€7,598 | -€11,399 | ▼ 50.0% |
| + Depreciation and write-downs630 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | €3,765 | = |
| Operating cash flow (approximation) | -€11,773 | -€4,666 | €1,784 | -€7,690 | €1,894 | -€9,026 | -€3,833 | -€7,634 | ▼ 99.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,797 | €4,378 | -€5,147 | €11,438 | -€11,971 | -€253 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 540 companies had the same profile as ABILITY DESIGN has now. Two years later, 85.9% were still going and 5.2% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
85.9%
was still going
8.3%
stopped otherwise
5.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ABILITY DESIGN itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for ABILITY DESIGN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00347175 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403176 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00375233 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271132 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20211762 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400045 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-24700108 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40000408 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-53500166 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-55100356 |