ABO
ActiveSummary
ABO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €699,899 and a net result of -€11,101. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-1
Solvency56▼-42
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 10.28 in 2023; short-term debt: 47.8% and cash: 5.1% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.3%
Return on assets
-0.5%
Age of the figures
21 mo
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 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
12 d early
2022
14 d early
2021
81 d late
2020
9 d early
2019
60 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 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€699,899▼ 59.1%
2023 · €1.7m
Total assets
€2.2m▼ 4.6%
2023 · €2.3m
Net result
-€11,101
2023 · €2,964
Working capital
€48,423▼ 94.8%
2023 · €939,388
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€180,100▲ 108%€44,060▼ 75.5%€79,545▲ 80.5%€30,938▼ 61.1%€24,164▼ 21.9%
Net result€121,301▲ 181%€20,525▼ 83.1%€45,800▲ 123%€2,964▼ 93.5%-€11,101
Equity€1.6m▲ 8.3%€1.7m▲ 5.5%€1.7m▲ 2.8%€1.7m▲ 0.2%€699,899▼ 59.1%
Total assets€2.6m▼ 0.4%€2.5m▼ 1.0%€2.5m▲ 0.1%€2.3m▼ 8.0%€2.2m▼ 4.6%
Debt€776,877▼ 9.7%€766,063▼ 1.4%€746,714▼ 2.5%€562,002▼ 24.7%€1.5m▲ 165%
Working capital€547,677▲ 43.5%€658,337▲ 20.2%€761,155▲ 15.6%€939,388▲ 23.4%€48,423▼ 94.8%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity -59% on 2023. Cause not known from the registers.
- 2021 Net result -83% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 22% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.1m ▼ 14.1%
Current assets
€1.1m ▲ 7.2%
Equity and liabilities €2.2m
Equity
€699,899 ▼ 59.1%
Provisions
€43,812 ▼ 36.1%
Debt
€1.5m ▲ 165%
Debt's share of the balance-sheet total rises from 24.0% to 66.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€210,385▲
2023 · €180,787
Cash flow
€175,120▲
2023 · €152,814
Current ratio
1.05▼
2023 · 10.28
Debt to equity
2.13▲
2023 · 0.33
ROE
-1.6%▼
2023 · 0.2%
ROA
-0.5%▼
2023 · 0.1%
Interest coverage
16.15▲
2023 · 12.47
Debt ≤ 1 year
€1.1m▲
2023 · €101,205
Debt > 1 year
€422,134▼
2023 · €460,797
Income taxes
€47,005▲
2023 · €36,733
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 8,594 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 | - | €1,057 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €127,651 | €118,722 | €116,451 | €149,849 | €186,221 | ▲ 24.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €9,311 | €9,130 | €15,901 | €15,876 | ▼ 0.2% |
| Non-recurring operating charges66A | - | €22,529 | €0 | - | - | - |
| Gross operating margin9900 | €291,840 | €194,622 | €205,126 | €196,688 | €226,261 | ▲ 15.0% |
| Operating profit (loss)9901 | €180,100 | €44,060 | €79,545 | €30,938 | €24,164 | ▼ 21.9% |
| Financial income75/76B | - | €130 | €132 | €116 | €0 | ▼ 100% |
| Recurring financial income75 | €127 | €130 | €132 | €116 | €0 | ▼ 100% |
| Financial charges65/66B | - | €16,890 | €15,185 | €14,498 | €13,027 | ▼ 10.1% |
| Recurring financial charges65 | €17,759 | €16,890 | €15,185 | €14,498 | €13,027 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €162,468 | €27,300 | €64,492 | €16,556 | €11,137 | ▼ 32.7% |
| Transfer from deferred taxes780 | - | €35,356 | €23,094 | €23,142 | €24,767 | ▲ 7.0% |
| Income taxes67/77 | €64,262 | €42,132 | €41,787 | €36,733 | €47,005 | ▲ 28.0% |
| Profit (loss) for the period9904 | €121,301 | €20,525 | €45,800 | €2,964 | -€11,101 | ▼ 474% |
| Transfer from tax-exempt reserves789 | - | €94,915 | €69,283 | €69,425 | €74,300 | ▲ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €190,584 | €115,440 | €115,083 | €72,390 | €63,199 | ▼ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.5m | €2.5m | €2.3m | €2.2m | ▼ 4.6% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.5m | €1.3m | €1.1m | ▼ 14.1% |
| Intangible fixed assets21 | - | - | - | €696,036 | €622,737 | ▼ 10.5% |
| Tangible fixed assets22/27 | €715,133 | €553,882 | €437,431 | €604,951 | €494,684 | ▼ 18.2% |
| Land and buildings22 | - | €553,882 | €437,431 | €604,951 | €494,684 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €0 | - | - |
| Current assets29/58 | €753,625 | €889,231 | €1.0m | €1.0m | €1.1m | ▲ 7.2% |
| Amounts receivable within one year40/41 | €560,669 | €612,228 | €600,928 | €584,766 | €1.0m | ▲ 71.2% |
| Trade receivables40 | - | €605,617 | €588,936 | €584,766 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €6,611 | €11,992 | €0 | €1.0m | - |
| Cash at bank and in hand54/58 | €192,956 | €277,002 | €408,111 | €455,827 | €114,692 | ▼ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.5m | €2.5m | €2.3m | €2.2m | ▼ 4.6% |
| Equity10/15 | €1.6m | €1.7m | €1.7m | €1.7m | €699,899 | ▼ 59.1% |
| Contributions10/11 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Capital10 | - | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Issued capital100 | - | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Reserves13 | €1.4m | €1.5m | €1.5m | €1.5m | €526,373 | ▼ 65.8% |
| Non-distributable reserves130/1 | - | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Legal reserve130 | - | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Tax-exempt reserves132 | - | €344,443 | €275,160 | €205,734 | €131,435 | ▼ 36.1% |
| Distributable reserves133 | - | €1.1m | €1.2m | €1.3m | €377,586 | ▼ 71.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €216,991 | €114,814 | €91,720 | €68,578 | €43,812 | ▼ 36.1% |
| Deferred taxes168 | - | €114,814 | €91,720 | €68,578 | €43,812 | ▼ 36.1% |
| Amounts payable17/49 | €776,877 | €766,063 | €746,714 | €562,002 | €1.5m | ▲ 165% |
| Amounts payable after more than one year17 | €570,929 | €535,169 | €498,467 | €460,797 | €422,134 | ▼ 8.4% |
| Financial debts170/4 | - | €535,169 | €498,467 | €460,797 | €422,134 | ▼ 8.4% |
| Amounts payable within one year42/48 | €205,948 | €230,894 | €247,883 | €101,205 | €1.1m | ▲ 954% |
| Current portion of amounts payable after more than one year42 | - | €35,760 | €36,702 | €37,670 | €38,663 | ▲ 2.6% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €80,856 | €95,667 | €85,456 | €17,595 | €1,673 | ▼ 90.5% |
| Suppliers440/4 | - | €95,667 | €85,456 | €17,595 | €1,673 | ▼ 90.5% |
| Taxes, remuneration and social security45 | - | €58,932 | €83,919 | €13,616 | €26,247 | ▲ 92.8% |
| Taxes450/3 | - | €58,932 | €83,919 | €13,616 | €26,247 | ▲ 92.8% |
| Other amounts payable47/48 | - | €40,536 | €41,806 | €32,324 | €1.0m | ▲ 2,995% |
| Accrued charges and deferred income492/3 | - | - | €364 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,301 | €20,525 | €45,800 | €2,964 | -€11,101 | ▼ 474% |
| + Depreciation and write-downs630 | €127,651 | €118,722 | €116,451 | €149,849 | €186,221 | ▲ 24.3% |
| Operating cash flow (approximation) | €248,952 | €139,246 | €162,251 | €152,814 | €175,120 | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | €42,529 | €0 | €86,595 | -€2,655 | ▼ 103% |
| Change in cash | - | €84,046 | €131,108 | €47,716 | -€341,135 | ▼ 815% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€11,101
Net result drops to -€11,101, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 10.28
Current ratio from 4.07 to 10.28; short-term debt falls from €247,883 to €101,205.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 81 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €121,301 ▲181%
Operating result €180,100, net result €121,301, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
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 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Martens-Latem · 1 establishment unit since 1990
Ground area
4,317 m²
Building footprint
1,681 m²
Volume, LiDAR
11,273 m³
Parcel 44064B0708/00W000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 131, 9830 Sint-Martens-Latem
since 19902.047.964.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0708/00W000 | Flanders | 4,317 m² | 1 · 1,681 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 holdingChain of control
- WilMaCom
- ABO
Highest known parent: WilMaCom. The sources do not say who stands above it.
Owners 1
- WilMaComparentSourceaccounts WilMaCom 2025100%
Holdings 1
-
100%
According to the 2022 annual accounts of ABO 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.
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Immobilière du Manoir
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STEDIM
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,990 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439597268
Also
9925:BE0439597268
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.