ABL
ActiveSummary
ABL has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €112,072. Equity has been growing by about 84% per year since 2022. Its solvency ranks better than 45% of 1,307 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-11-2020 Normal situation
- Activity
- Tyre services NACE 95315and 2 others
- Establishment unit
- 2.310.020.752 2320 Hoogstraten, since 03-11-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 24-12-2025
Board and ownership
- GOVAERTS LUCDirector
- Verhaert NadiaDirector
- Holdings
- Shares in 1 company EUROTYRE BENELUX
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €773,635
- ▲ 24.2%
- Turnover
- ≈ €2.9m
- estimated
- Profit
- €112,072
- ▲ 56.9%
- Equity
- €1.1m
- ▲ 409%
- Total assets
- €3.0m
- ▲ 50.6%
- Employees on 30-09-2025
- 8
- ▼ 11.1%
Score breakdownraises riskFounded in 2020Size: 7.2 FTE, total assets €3.0mSector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)lowers riskFigures for financial year 2025 (filed on 12-03-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 95, micro). It does better than 48% of them on solvency, 50% on liquidity, 40% on profitability and 98% on growth.
The bankruptcy probability was computed on 01-11-2026 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
The company filed its last 4 accounts on average 16 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 12-03-2026 PDF all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 33% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 6 | 9 | 8 |
| full-time | 3 | 6 | 7 | 7 |
| part-time | 1 | - | 2 | 1 |
| in full-time equivalents | 3.9 | 6 | 7.4 | 7.2 |
| Average over the year, in full-time equivalents | 4.1 | 5.6 | 6.6 | 7.2 |
| On a permanent contract | 4 | 6 | 9 | 8 |
| Joined | 7 | 8 | 8 | - |
| Left | 3 | 6 | 7 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | €220,000 | - | - |
| Mortgages, amount registered | €655,000 | €220,000 | €220,000 | - |
| Mortgage mandates | - | €220,000 | €220,000 | - |
| Carrying value of the mortgaged assets | €864,656 | €757,104 | €801,652 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1.3m | €45,260 | €179,298 | €31,225 |
| Financial fixed assets | €290 | €15,100 | - | - |
| Depreciation and write-downs of the year | €131,333 | €90,200 | €112,820 | €114,943 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €2,870 awarded · €2,870 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,820 | €2,820 |
| 2022 | 1 | €50 | €50 |
Comparable companies
These companies have the same main activity as ABL: tyre services (NACE 95315). They are comparable in size and age: total assets between €2.1m and €4m, founded between 2014 and 2020.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ABL Hoogstraten | 2020 | €3.0m | €1.1m | €0.8m | €0.1m | 7.2 | 2025 |
| Flexi Coatings Oudenaarde | 2020 | €2.1m | €0.3m | €0.7m | €0.03m | 6.2 | 2025 |
| STEVENS Wingene | 2016 | €2.7m | €0.7m | €0.8m | €0.05m | 5.7 | 2025 |
| PDG Gembloux Pneus Gembloux | 2017 | €4.0m | €0.5m | €1.0m | €0.1m | 10 | 2025 |
| PNEU 9 DABIN FRERES Nandrin | 2014 | €2.6m | €0.3m | €0.8m | €0.08m | 8.9 | 2025 |
| BANDEN SOOI HB Grobbendonk | 2017 | €2.7m | €0.8m | €1.2m | €0.2m | 13 | 2025 |
| NLBV Rumst | 2019 | €2.5m | €0.3m | €0.6m | €0.07m | - | 2025 |
They were chosen from the 451 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 5,047 companies had the same profile as ABL has now. Two years later, 2.2% had gone bankrupt and 93.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ABL itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,445 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 5,047 companies, not a prediction for ABL. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €235,293 | €280,013 | €344,559 | €440,224 | ▲ 27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,333 | €90,200 | €112,820 | €114,943 | ▲ 1.9% |
| Other operating charges640/8 | €14,990 | €10,946 | €10,578 | €12,423 | ▲ 17.4% |
| Non-recurring operating charges66A | - | - | €270 | €311 | ▲ 14.9% |
| Gross operating margin9900 | €433,533 | €466,446 | €622,884 | €773,635 | ▲ 24.2% |
| Operating profit (loss)9901 | €51,917 | €85,288 | €154,657 | €205,735 | ▲ 33.0% |
| Financial income75/76B | - | - | €63 | - | - |
| Recurring financial income75 | - | - | €63 | - | - |
| Financial charges65/66B | €51,032 | €28,938 | €57,424 | €58,648 | ▲ 2.1% |
| Recurring financial charges65 | €51,032 | €28,938 | €57,424 | €58,648 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €885 | €56,350 | €97,295 | €147,087 | ▲ 51.2% |
| Income taxes67/77 | - | €5,123 | €25,867 | €35,014 | ▲ 35.4% |
| Profit (loss) for the period9904 | €885 | €51,227 | €71,429 | €112,072 | ▲ 56.9% |
| Profit (loss) for the period to be appropriated9905 | €885 | €51,227 | €71,429 | €112,072 | ▲ 56.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.8m | €1.9m | €2.0m | €3.0m | ▲ 50.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.2m | €2.0m | ▲ 68.2% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.2m | €2.0m | ▲ 69.0% |
| Land and buildings22 | €0.9m | €0.9m | €1.0m | €1.9m | ▲ 92.9% |
| Plant, machinery and equipment23 | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 20.1% |
| Furniture and vehicles24 | €0.1m | €0.07m | €0.04m | €0.02m | ▼ 58.7% |
| Financial fixed assets28 | €290 | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €0.6m | €0.7m | €0.8m | €0.9m | ▲ 22.7% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.4% |
| Stocks30/36 | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.4% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 18.9% |
| Trade receivables40 | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 22.7% |
| Other amounts receivable41 | €0.001m | €0.01m | €0.009m | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.06m | €0.07m | €0.1m | ▲ 123% |
| Deferred charges and accrued income490/1 | €0.002m | €0.002m | €0.003m | €0.004m | ▲ 59.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.0m | €3.0m | ▲ 50.6% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €1.1m | ▲ 409% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | - | €0.9m | - |
| Reserves13 | €0.001m | €0.05m | €0.1m | €0.1m | = |
| Distributable reserves133 | €0.001m | €0.05m | €0.1m | €0.1m | = |
| Provisions and deferred taxes16 | - | - | €0.5m | €0.5m | ▲ 7.1% |
| Provisions for liabilities and charges160/5 | - | - | €0.5m | €0.5m | ▲ 7.1% |
| Environmental obligations163 | - | - | - | €0.5m | - |
| Other liabilities and charges164/5 | - | - | €0.5m | - | - |
| Amounts payable17/49 | €1.7m | €1.7m | €1.3m | €1.3m | ▲ 4.4% |
| Amounts payable after more than one year17 | €0.8m | €1.3m | €0.8m | €0.8m | ▼ 8.5% |
| Financial debts170/4 | €0.8m | €1.3m | €0.8m | €0.8m | ▼ 8.5% |
| Amounts payable within one year42/48 | €0.8m | €0.5m | €0.4m | €0.6m | ▲ 28.4% |
| Current portion of amounts payable after more than one year42 | €0.08m | €0.09m | €0.1m | €0.1m | ▲ 16.8% |
| Trade debts44 | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 10.7% |
| Suppliers440/4 | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 10.7% |
| Taxes, remuneration and social security45 | €0.04m | €0.04m | €0.04m | €0.07m | ▲ 58.2% |
| Taxes450/3 | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 50.5% |
| Remuneration and social security454/9 | €0.01m | €0.02m | €0.03m | €0.05m | ▲ 62.2% |
| Other amounts payable47/48 | €0.5m | - | €0.001m | €0.1m | ▲ 127× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €885 | €51,227 | €71,429 | €112,072 | ▲ 56.9% |
| + Depreciation and write-downs630 | €131,333 | €90,200 | €112,820 | €114,943 | ▲ 1.9% |
| Operating cash flow (approximation) | €132,218 | €141,427 | €184,249 | €227,015 | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | -€60,360 | -€179,298 | -€942,399 | ▼ 426% |
| Change in cash | - | -€18,029 | €9,578 | €82,373 | ▲ 760% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GOVAERTS LUC |
|
| Verhaert Nadia |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-09-2025Equity €1.3m Profit of €69,367 in 2025 (profit of €55,182 in 2024) Checked score 842.2%
Connections & network
2 current directorsThe network starts from the directors of ABL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-04
Gazette deed
Appointment: GOVAERTS LUC (director)2 points ▸
- General meeting, 30-12-2022
- Director appointment, GOVAERTS LUC (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13014F0013/00P000 | Flanders | 3,345 m² | 1 · 1,798 m² | 7.2 m · 2 |