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ABO

Active
Public limited companyfounded 199530 yrs activeDerbystraat 55, 9051 Gent, BelgiumKBO/BCE: BE 0456.322.543
Summary

ABO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.7m and a net result of €582,074. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 35% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability67▲+4
Solvency54▼-2
Growth72▼-1
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.36 in 2023; short-term debt: 64.3% and cash: 4.3% of total assets), and 71.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
28.5%
Return on assets
4.4%
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
28 d early
2021
6 d early
2020
43 d early
2019
45 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 October 1995, ABO was incorporated.1 The capital was increased 2 times in 2014, most recently to EUR 1 million.23 Of the 3 current board members, Frank De Palmenaer has served longest, since 2003.4 Revenue went from EUR 10 million in 2018 to EUR 16 million in 2024 and headcount from 95.3 to 108 full-time equivalents.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-06-2014
  3. 3Belgian State Gazette, 28-07-2014
  4. 4Belgian State Gazette, 09-08-2021
  5. 5National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€16.2m▲ 5.1%
2023 · €15.4m
EBIT margin
6.2%▲ 2.0pp
2023 · 4.2%
Net result
€582,074▲ 36.6%
2023 · €426,149
Working capital
€2.9m▲ 11.1%
2023 · €2.6m
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
Turnover€10.7m▼ 1.6%€12.7m▲ 18.5%€13.2m▲ 4.0%€15.4m▲ 16.5%€16.2m▲ 5.1%
Operating result€756,815▲ 10.9%€580,819▼ 23.3%€720,488▲ 24.0%€649,425▼ 9.9%€1.0m▲ 55.4%
Net result€536,627▲ 28.3%€351,171▼ 34.6%€4,818▼ 98.6%€426,149▲ 8,744%€582,074▲ 36.6%
EBIT margin7.0%▲ 0.8pp4.6%▼ 2.5pp5.4%▲ 0.9pp4.2%▼ 1.2pp6.2%▲ 2.0pp
Equity€3.4m▲ 1.6%€3.5m▲ 1.4%€3.5m▲ 0.1%€3.5m▲ 1.8%€3.7m▲ 6.2%
Total assets€7.7m▼ 11.8%€9.5m▲ 23.4%€11.1m▲ 17.3%€11.3m▲ 1.8%€13.1m▲ 15.9%
Debt€4.2m▼ 20.6%€5.9m▲ 41.9%€7.5m▲ 27.6%€7.7m▲ 1.9%€9.3m▲ 20.6%
Working capital€2.7m▼ 7.9%€2.3m▼ 16.5%€2.1m▼ 9.6%€2.6m▲ 26.9%€2.9m▲ 11.1%
Staff (FTE)83.7▼ 3.9%97.5▲ 16.5%103.6▲ 6.3%107.7▲ 4.0%108▲ 0.3%
Why a figure moved sharply
  • 2023 Net result +8,744% on 2022. Cause not known from the registers.
  • 2022 Net result -99% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0mOperating result 2020: €756,815€756,815Net result 2020: €536,627€536,627Operating result 2021: €580,819€580,819Net result 2021: €351,171€351,171Operating result 2022: €720,488€720,488Net result 2022: €4,818€4,818Operating result 2023: €649,425€649,425Net result 2023: €426,149€426,149Operating result 2024: €1.0m€1.0mNet result 2024: €582,074€582,07420202021202220232024€0€500,000€1mOperating result 2022: €720,488€720,000Net result 2022: €4,818€4,820Operating result 2023: €649,425€649,000Net result 2023: €426,149€426,000Operating result 2024: €1.0m€1mNet result 2024: €582,074€582,000202220232024
The operating result recovers in 2024; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.1m
Fixed assets €1.8m ▲ 17.2%
Current assets €11.3m ▲ 15.7%
Equity and liabilities €13.1m
Equity €3.7m ▲ 6.2%
Provisions €110,000 =
Debt €9.3m ▲ 20.6%
Debt's share of the balance-sheet total rises from 67.9% to 70.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.3m▲
2023 · €868,800
Cash flow
€907,991▲
2023 · €645,524
Current ratio
1.34▼
2023 · 1.36
Quick ratio
0.71▼
2023 · 0.74
Debt to equity
2.48▲
2023 · 2.18
ROE
15.6%▲
2023 · 12.1%
ROA
4.4%▲
2023 · 3.8%
Interest coverage
10.06▲
2023 · 8.75
Debt ≤ 1 year
€8.4m▲
2023 · €7.2m
Debt > 1 year
€721,713▲
2023 · €472,490
Income taxes
€328,824▲
2023 · €269,519
Staff costs
€7.5m▲
2023 · €7.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 719 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 83 lines
Balance sheet Code20232024
Assets
Total assets20/58€11.3m€13.1m▲
Fixed assets21/28€1.5m€1.8m▲
Intangible fixed assets21€261,320€236,941▼
Tangible fixed assets22/27€851,424€1.2m▲
Plant, machinery and equipment23€83,643€84,311▲
Furniture and vehicles24€84,748€54,297▼
Leasing and similar rights25€610,813€954,992▲
Other tangible fixed assets26€72,220€58,629▼
Financial fixed assets28€416,043€402,919▼
Other financial fixed assets284/8€416,043€402,919▼
Amounts receivable and cash guarantees285/8€416,043€402,919▼
Current assets29/58€9.8m€11.3m▲
Stocks and contracts in progress3€4.5m€5.3m▲
Contracts in progress37€4.5m€5.3m▲
Amounts receivable within one year40/41€4.4m€5.4m▲
Trade receivables40€3.4m€4.3m▲
Other amounts receivable41€946,641€1.1m▲
Cash at bank and in hand54/58€929,437€560,637▼
Deferred charges and accrued income490/1€8,673€7,493▼
Equity and liabilities
Total equity and liabilities10/49€11.3m€13.1m▲
Equity10/15€3.5m€3.7m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Reserves13€103,460€103,460=
Non-distributable reserves130/1€103,460€103,460=
Legal reserve130€103,460€103,460=
Profit (loss) carried forward14€2.4m€2.6m▲
Provisions and deferred taxes16€110,000€110,000=
Provisions for liabilities and charges160/5€110,000€110,000=
Other liabilities and charges164/5€110,000€110,000=
Amounts payable17/49€7.7m€9.3m▲
Amounts payable after more than one year17€472,490€721,713▲
Financial debts170/4€472,490€721,713▲
Leasing and similar obligations172€472,490€721,713▲
Amounts payable within one year42/48€7.2m€8.4m▲
Current portion of amounts payable after more than one year42€142,637€243,149▲
Financial debts43€1.0m€1.3m▲
Credit institutions430/8€1.0m€1.3m▲
Trade debts44€1.6m€1.7m▲
Suppliers440/4€1.6m€1.7m▲
Advances received on contracts in progress46€579,424€436,307▼
Taxes, remuneration and social security45€1.8m€2.3m▲
Taxes450/3€502,740€803,221▲
Remuneration and social security454/9€1.3m€1.5m▲
Other amounts payable47/48€2.0m€2.4m▲
Accrued charges and deferred income492/3€29,943€114,991▲
Income statement Code20232024
Operating income70/76A€16.2m€17.4m▲
Turnover70€15.4m€16.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71€589,368€994,169▲
Other operating income74€213,654€164,117▼
Non-recurring operating income76A€13,081€45,959▲
Operating charges60/66A€15.6m€16.4m▲
Goods for resale, raw materials and consumables60€5.6m€5.9m▲
Purchases600/8€5.6m€5.9m▲
Services and other goods61€2.4m€2.5m▲
Remuneration, social security and pensions62€7.0m€7.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€219,375€325,916▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8,073€18,296▲
Other operating charges640/8€74,729€106,142▲
Non-recurring operating charges66A€368,076€9,804▼
Operating profit (loss)9901€649,425€1.0m▲
Financial income75/76B€282,601€93,353▼
Recurring financial income75€274,011€89,841▼
Income from financial fixed assets750€183,795€12,361▼
Income from current assets751€90,087€77,316▼
Other financial income752/9€129€164▲
Non-recurring financial income76B€8,590€3,513▼
Financial charges65/66B€236,358€191,498▼
Recurring financial charges65€236,358€191,498▼
Debt charges650€99,320€132,664▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€87,000€0▼
Other financial charges652/9€50,038€58,834▲
Profit (loss) for the period before taxes9903€695,667€910,898▲
Income taxes67/77€269,519€328,824▲
Taxes670/3€269,519€328,824▲
Profit (loss) for the period9904€426,149€582,074▲
Profit (loss) for the period to be appropriated9905€426,149€582,074▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.7m€3.0m▲
Profit (loss) brought forward from the previous period14P€2.3m€2.4m▲
Profit to be distributed694/7€363,080€363,080=
Return on contributions (dividend)694€363,080€363,080=
Social balance
Average headcount (FTE)9087107.7108.0▲

The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€13.4m€14.9m€16.2m€17.4m▲ 7.3%
Turnover70€10.7m€12.7m€13.2m€15.4m€16.2m▲ 5.1%
Change in stocks of work in progress, finished goods and contracts in progress71-€147,633€1.2m€589,368€994,169▲ 68.7%
Other operating income74-€549,508€417,749€213,654€164,117▼ 23.2%
Non-recurring operating income76A-€1,886€15,227€13,081€45,959▲ 251%
Operating charges60/66A-€12.8m€14.1m€15.6m€16.4m▲ 5.3%
Goods for resale, raw materials and consumables60-€4.8m€5.7m€5.6m€5.9m▲ 6.3%
Purchases600/8-€4.8m€5.7m€5.6m€5.9m▲ 6.3%
Services and other goods61-€1.9m€2.1m€2.4m€2.5m▲ 5.0%
Remuneration, social security and pensions62-€5.9m€6.2m€7.0m€7.5m▲ 8.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70,315€108,339€143,009€219,375€325,916▲ 48.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€27,495-€17,768€8,073€18,296▲ 127%
Other operating charges640/8-€89,353€65,859€74,729€106,142▲ 42.0%
Non-recurring operating charges66A-€23,833€484€368,076€9,804▼ 97.3%
Operating profit (loss)9901€756,815€580,819€720,488€649,425€1.0m▲ 55.4%
Financial income75/76B-€9,036€51,611€282,601€93,353▼ 67.0%
Recurring financial income75€11,652€5,981€31,095€274,011€89,841▼ 67.2%
Income from financial fixed assets750-€1,732€539€183,795€12,361▼ 93.3%
Income from current assets751-€4,182€30,472€90,087€77,316▼ 14.2%
Other financial income752/9-€67€84€129€164▲ 27.3%
Non-recurring financial income76B-€3,055€20,517€8,590€3,513▼ 59.1%
Financial charges65/66B-€38,920€674,325€236,358€191,498▼ 19.0%
Recurring financial charges65€33,703€38,920€674,325€236,358€191,498▼ 19.0%
Debt charges650€15,468€19,717€33,608€99,320€132,664▲ 33.6%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651--€620,000€87,000€0▼ 100%
Other financial charges652/9-€19,204€20,717€50,038€58,834▲ 17.6%
Profit (loss) for the period before taxes9903€747,557€550,934€97,775€695,667€910,898▲ 30.9%
Income taxes67/77€210,930€199,764€92,956€269,519€328,824▲ 22.0%
Taxes670/3-€206,661€94,210€269,519€328,824▲ 22.0%
Tax adjustments and reversals of tax provisions77-€6,897€1,254---
Profit (loss) for the period9904€536,627€351,171€4,818€426,149€582,074▲ 36.6%
Profit (loss) for the period to be appropriated9905€536,627€351,171€4,818€426,149€582,074▲ 36.6%
Line20202021202220232024Change
Assets
Total assets20/58€7.7m€9.5m€11.1m€11.3m€13.1m▲ 15.9%
Fixed assets21/28€911,325€1.5m€1.7m€1.5m€1.8m▲ 17.2%
Intangible fixed assets21€189,450€174,271€264,208€261,320€236,941▼ 9.3%
Tangible fixed assets22/27€246,216€317,347€429,646€851,424€1.2m▲ 35.3%
Plant, machinery and equipment23-€79,444€62,892€83,643€84,311▲ 0.8%
Furniture and vehicles24-€24,874€73,730€84,748€54,297▼ 35.9%
Leasing and similar rights25-€127,477€207,211€610,813€954,992▲ 56.3%
Other tangible fixed assets26-€85,553€85,811€72,220€58,629▼ 18.8%
Financial fixed assets28€475,659€1.1m€1.0m€416,043€402,919▼ 3.2%
Affiliated companies280/1-€600,000€600,000---
Participating interests280-€600,000€600,000---
Other financial fixed assets284/8-€456,492€427,490€416,043€402,919▼ 3.2%
Amounts receivable and cash guarantees285/8-€456,492€427,490€416,043€402,919▼ 3.2%
Current assets29/58€6.8m€7.9m€9.4m€9.8m€11.3m▲ 15.7%
Stocks and contracts in progress3€1.9m€2.7m€4.0m€4.5m€5.3m▲ 18.5%
Contracts in progress37-€2.7m€4.0m€4.5m€5.3m▲ 18.5%
Amounts receivable within one year40/41€3.6m€4.7m€4.2m€4.4m€5.4m▲ 24.8%
Trade receivables40-€3.1m€3.1m€3.4m€4.3m▲ 26.5%
Other amounts receivable41-€1.6m€1.0m€946,641€1.1m▲ 18.4%
Cash at bank and in hand54/58€1.2m€582,224€1.2m€929,437€560,637▼ 39.7%
Deferred charges and accrued income490/1-€10,996€1,540€8,673€7,493▼ 13.6%
Equity and liabilities
Total equity and liabilities10/49€7.7m€9.5m€11.1m€11.3m€13.1m▲ 15.9%
Equity10/15€3.4m€3.5m€3.5m€3.5m€3.7m▲ 6.2%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10-€1.0m€1.0m€1.0m€1.0m=
Issued capital100-€1.0m€1.0m€1.0m€1.0m=
Reserves13€103,460€103,460€103,460€103,460€103,460=
Non-distributable reserves130/1-€103,460€103,460€103,460€103,460=
Legal reserve130-€103,460€103,460€103,460€103,460=
Profit (loss) carried forward14€2.3m€2.3m€2.3m€2.4m€2.6m▲ 9.2%
Provisions and deferred taxes16€110,000€110,000€110,000€110,000€110,000=
Provisions for liabilities and charges160/5-€110,000€110,000€110,000€110,000=
Other liabilities and charges164/5-€110,000€110,000€110,000€110,000=
Amounts payable17/49€4.2m€5.9m€7.5m€7.7m€9.3m▲ 20.6%
Amounts payable after more than one year17€104,091€119,570€157,877€472,490€721,713▲ 52.7%
Financial debts170/4-€119,570€157,877€472,490€721,713▲ 52.7%
Leasing and similar obligations172-€99,570€157,877€472,490€721,713▲ 52.7%
Credit institutions173-€20,000----
Amounts payable within one year42/48€4.1m€5.7m€7.3m€7.2m€8.4m▲ 17.4%
Current portion of amounts payable after more than one year42-€49,323€74,084€142,637€243,149▲ 70.5%
Financial debts43-€734,898€1.7m€1.0m€1.3m▲ 26.3%
Credit institutions430/8-€734,898€1.7m€1.0m€1.3m▲ 26.3%
Trade debts44€1.0m€1.5m€1.7m€1.6m€1.7m▲ 8.3%
Suppliers440/4-€1.5m€1.7m€1.6m€1.7m▲ 8.3%
Advances received on contracts in progress46-€626,680€669,714€579,424€436,307▼ 24.7%
Taxes, remuneration and social security45-€1.3m€1.7m€1.8m€2.3m▲ 28.1%
Taxes450/3-€391,104€540,719€502,740€803,221▲ 59.8%
Remuneration and social security454/9-€939,851€1.2m€1.3m€1.5m▲ 16.0%
Other amounts payable47/48-€1.5m€1.4m€2.0m€2.4m▲ 18.8%
Accrued charges and deferred income492/3-€137,030€48,255€29,943€114,991▲ 284%
Line20202021202220232024Change
Profit (loss) for the period9904€536,627€351,171€4,818€426,149€582,074▲ 36.6%
+ Depreciation and write-downs630€70,315€108,339€143,009€219,375€325,916▲ 48.6%
Operating cash flow (approximation)€606,941€459,510€147,827€645,524€907,991▲ 40.7%
Investment in fixed assets (approximation)--€745,124-€316,242-€26,819-€589,216▼ 2,097%
Change in cash--€654,889€627,083-€279,870-€368,799▼ 31.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-12
State Gazette act Permanent representative: Jurgen Ostyn
1 fact ▸
  • Permanent representative, Jurgen Ostyn
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €582,074 ▲36.6%
Operating result €1.0m, net result €582,074, both a record.
19-08
State Gazette act Appointment: Mazars Bednijfsrevisoren - Réviseurs d'Entreprises BV (statutory auditor)
Mandate compensation2 facts ▸
  • Auditor appointment, Mazars Bednijfsrevisoren - Réviseurs d'Entreprises BV (statutory auditor)
  • Mandate compensation, Mazars Bednijfsrevisoren - Réviseurs d'Entreprises BV
02-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €4,818 ▼98.6%
Net result drops to €4,818, the lowest in the series; recovery starts the following year.
22-12
State Gazette act Appointment: ABO-Group Environment NV (director)
Permanent representative: Paul Decraemer · Mandate compensation4 facts ▸
  • General meeting, 22-06-2022
  • Director appointment, ABO-Group Environment NV (director)
  • Permanent representative, Paul Decraemer
  • Mandate compensation, ABO-Group Environment NV
25-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
State Gazette act Resignation: ABO Group Environment (cereunder)
1 fact ▸
  • Director resignation, ABO Group Environment (cereunder)
09-08
State Gazette act Reappointment: Frank De Palmenaer (director)
Appointment: Frank De Palmenaer (managing director)3 facts ▸
  • General meeting, 28-05-2021
  • Director reappointment, Frank De Palmenaer (director)
  • Director appointment, Frank De Palmenaer (managing director)
08-07
State Gazette act Appointment: Ernst & Young bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Paul Eelen · Mandate compensation4 facts ▸
  • General meeting, 28-05-2021
  • Auditor appointment, Ernst & Young bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Paul Eelen
  • Mandate compensation, Ernst & Young bedrijfsrevisoren BV
Show earlier events
18-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
15-01
State Gazette act Resignations & appointments
Resignation: ABO Holding nv (director) · Appointment: ABO-GROUP Environment nv (director) · Permanent representative: Johan Reybroeck5 facts ▸
  • Board meeting
  • Director resignation, ABO Holding nv (director)
  • Director appointment, ABO-GROUP Environment nv (director)
  • Permanent representative, Johan Reybroeck
  • Liquidation, 24-12-2020
2020
16-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
State Gazette act Reappointment: EY, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative: Marnix Van Dooren3 facts ▸
  • General meeting, 01-06-2018
  • Auditor reappointment, EY, Ernst & Young Bedrijfsrevisoren BCVBA
  • Permanent representative, Marnix Van Dooren
06-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
07-03
State Gazette act Resignation: Didier Reyns (director)
2 facts ▸
  • Board meeting, 28-09-2017
  • Director resignation, Didier Reyns (director)
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
29-08
State Gazette act Appointments: Patrick Hambach (director) and Didier Reyns (director)
Permanent representative: Johan Reybroeck4 facts ▸
  • General meeting, 30-06-2016
  • Director appointment, Patrick Hambach (director)
  • Director appointment, Didier Reyns (director)
  • Permanent representative, Johan Reybroeck
08-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
18-04
State Gazette act Purpose · Statutes amendment
Approval · Purpose change · Power of attorney6 facts ▸
  • General meeting, 31-03-2016
  • Approval, verslag en staat van actief en passief, uitbreiding van het doel
  • Purpose change, het kwalitatieve onderzoek van het archeologisch erfgoed en de rapportage daarover
  • Statutes amendment
  • Power of attorney, Gedelegeerd Bestuurder
  • Power of attorney, Pierre Verschaffel
2015
01-12
State Gazette act Resignation: BDO (statutory auditor)
Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor) · Permanent representative: Marnix Van Dooren · Mandate compensation5 facts ▸
  • General meeting, 23-09-2015
  • Director resignation, BDO (statutory auditor)
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Marnix Van Dooren
  • Mandate compensation, Ernst & Young Bedrijfsrevisoren
04-08
State Gazette act Reappointments: Frank De Palmenaer (director) and ABO Holding NV (director)
Appointment: Frank De Palmenaer (managing director)4 facts ▸
  • General meeting, 22-06-2015
  • Director reappointment, Frank De Palmenaer (director)
  • Director reappointment, ABO Holding NV (director)
  • Director appointment, Frank De Palmenaer (managing director)
2014
28-07
State Gazette act Registered office · Capital & shares
Reappointment: BDO Bedrijfsrevisoren (statutory auditor) · Permanent representative: Veerle Catry · Statutes amendment12 facts ▸
  • General meeting, 07-07-2014
  • Statutes amendment
  • Demerger, 13-05-2014
  • Accounting effect, 01-01-2014
  • Capital increase, €188.117,29
  • Share issue, 4674822, vergoeding voor de afsplitsing
  • Capital, €1.034.600,1
  • Power of attorney, Myriam Dietens
  • Name change, ABO
  • Registered-office move, Derbystraat 55, 9051 Gent
  • Auditor reappointment, BDO Bedrijfsrevisoren
  • Permanent representative, Veerle Catry
04-06
State Gazette act Restructuring
Permanent representative: Frank DE PALMENAER · Demerger · Capital22 facts ▸
  • Demerger, 13-05-2014
  • Board composition, Walter MONDT (director)
  • Board composition, Frank DE PALMENAER (director)
  • Board composition, ABO HOLDING (director)
  • Permanent representative, Frank DE PALMENAER
  • Board composition, Frank DE PALMENAER (director)
  • Board composition, ABO HOLDING (director)
  • Permanent representative, Frank DE PALMENAER
  • Capital, €325.000
  • Capital, €846.482,81
  • Share issue, 4674822, vergoeding voor de inbreng door de partieel te splitsen vennootschap
  • Capital increase, €188.117,29
  • +10 further facts in this act
2010
30-07
State Gazette act Appointment: BDO Bedrijfsrevisoren Burg. Ven. CVBA (statutory auditor)
Permanent representative: Veerle Catry · Mandate compensation4 facts ▸
  • General meeting, 12-07-2010
  • Auditor appointment, BDO Bedrijfsrevisoren Burg. Ven. CVBA (statutory auditor)
  • Permanent representative, Veerle Catry
  • Mandate compensation, BDO Bedrijfsrevisoren Burg. Ven. CVBA
2009
30-07
State Gazette act Resignation: Maalte Facility Management nv (director)
Appointment: Frank De Palmenaer (director) · Reappointment: Exequtes Holding nv (director) · Permanent representative: Frank De Palmenaer7 facts ▸
  • General meeting, 30-06-2009
  • Director resignation, Maalte Facility Management nv (director)
  • Director appointment, Frank De Palmenaer (director)
  • Director reappointment, Exequtes Holding nv (director)
  • Permanent representative, Frank De Palmenaer
  • Board meeting, 30-06-2009
  • Director appointment, Frank De Palmenaer (managing director)
2007
29-01
State Gazette act Resignation: BVBA Gerard Van Acker (director)
Permanent representatives: Gerard Van Acker and Frank De Palmenaer · Appointment: Exequtes Holding NV (director)5 facts ▸
  • General meeting, 22-05-2006
  • Director resignation, BVBA Gerard Van Acker (director)
  • Permanent representative, Gerard Van Acker
  • Director appointment, Exequtes Holding NV (director)
  • Permanent representative, Frank De Palmenaer
2003
24-06
State Gazette act Resignation: Peter Kloeck (director)
Reappointments: Frank De Palmenaer (director) and Westfin Corporate Finance NV (director) · Permanent representatives: Walter Beyen, Marleen Nollet and Gerard Van Acker · Appointment: BVBA Gerard Van Acker (director)10 facts ▸
  • General meeting, 04-06-2003
  • Director resignation, Peter Kloeck (director)
  • Director reappointment, Frank De Palmenaer (director)
  • Director reappointment, Frank De Palmenaer (managing director)
  • Director reappointment, Frank De Palmenaer (chair of the board)
  • Permanent representative, Walter Beyen (permanent vertegenwoordiger)
  • Director reappointment, Westfin Corporate Finance NV (director)
  • Permanent representative, Marleen Nollet
  • Director appointment, BVBA Gerard Van Acker (director)
  • Permanent representative, Gerard Van Acker
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
19 of 19 acts read

Directors · office · real estate

Directors
3 directors, 1 in day-to-day management, no change since 2022

Board 3

Frank De Palmenaer
Chair of the board · since 04-06-2003 · Director · since 04-06-2003
Current
ABO-Group Environment NV
Director · since 24-12-2020 · Legal entity · perm. rep.: Johan Reybroeck
Current
ABO-GROUP ENVIRONMENT
Director · since 22-06-2022 · Public limited company · perm. rep.: Paul Decraemer
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Westfin Corporate Finance NV
Director · since 04-06-2003 · Legal entity
Not recently confirmed
Exequtes Holding nv
Director · since 22-05-2006 · Legal entity · perm. rep.: Frank De Palmenaer
Not recently confirmed
Patrick Hambach
Director · since 30-06-2016
Not recently confirmed

Day-to-day management 1

Frank De Palmenaer
Managing director · since 04-06-2003
Current

Permanent representatives 2

Johan Reybroeck
Permanent representative · since 24-12-2020 · for ABO-Group Environment NV
Current
Paul Decraemer
Permanent representative · since 22-06-2022 · for ABO-GROUP ENVIRONMENT
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Frank De Palmenaer
Permanent representative · since 22-05-2006 · for Exequtes Holding nv
Not recently confirmed

Statutory auditor 1

Mazars Bednijfsrevisoren - Réviseurs d'Entreprises BV
Statutory auditor · since 06-08-2024
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 6 establishment units since 1997
seat establishment approximate All 6 establishment units on the map
Ground area
1.4 ha
Building footprint
2,797 m²
Volume, LiDAR
22,356 m³
6 parcels, Brussels, Flanders, Wallonia · tallest building 21.3 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
6 establishment units
ABO NV
Derbystraat 55, 9051 GentNACE 1120002
since 19972.073.886.823
ABO NV
Mevrouwhofstraat 1A, 3511 HasseltEngineering and related technical consultancy, excluding land surveyors
since 20082.230.389.789
ABO NV
Waterloolaan 90, 1000 BrusselEngineering and related technical consultancy, excluding land surveyors
since 20102.230.390.779
ABO SA
Rue Haigniaux 23, 5300 AndenneEngineering and related technical consultancy, excluding land surveyors
since 20122.230.391.175
ABO NV
Kontichsesteenweg 38, 2630 AartselaarEngineering and related technical consultancy, excluding land surveyors
since 20142.230.390.086
ABO NV
Izegemsestraat 60, 8800 RoeselareEngineering and related technical consultancy, excluding land surveyors
since 20182.280.945.496
6 parcels
Flanders 4 (66.7%) Wallonia 1 (16.7%) Brussels 1 (16.7%)
Parcel (capakey) Region Area Buildings Height / fl.
71483E0206/00T004 Flanders 5,926 m² 1 · 655 m² 8.6 m · 2 fl.
92093A0117/00B003 Wallonia 2,691 m² 1 · 289 m² -
11001B0084/00P000 Flanders 2,393 m² 1 · 725 m² 12.3 m · 4 fl.
44062A0266/00C002 Flanders 1,564 m² 1 · 704 m² 17.4 m · 4 fl.
36017A0764/00Z000 Flanders 920 m² 1 · 145 m² 11.9 m · 3 fl.
21808H0949/00G005 Brussels 324 m² 1 · 279 m² 21.3 m · 4 fl.
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

14 people since 2003, 7 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Frank De Palmenaer
  • Chair of the board, already before 04-06-2003 not ended, last confirmed 24-06-2003
  • Director, already before 04-06-2003 to date
  • Managing director, already before 04-06-2003 to date
ABO-Group Environment NV
  • Director, from 24-12-2020 to date
ABO-GROUP ENVIRONMENT
  • Cereunder, until 01-08-2021
  • Director, from 22-06-2022 to date
Mazars Bednijfsrevisoren - Réviseurs d'Entreprises BV
  • Statutory auditor, from 06-08-2024 to date
Westfin Corporate Finance NV
  • Director, already before 04-06-2003 not ended, last confirmed 24-06-2003
Exequtes Holding nv
  • Director, from 22-05-2006 not ended, last confirmed 30-07-2009
Patrick Hambach
  • Director, from 30-06-2016 not ended, last confirmed 29-08-2016
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 23-09-2015 to 06-08-2024
Abo Holding NV
  • Director, already before 22-06-2015 to 07-01-2021
Didier Reyns
  • Director, from 30-06-2016 to 28-09-2017
BDO Bedrijfsrevisoren
  • Auditor, from 12-07-2010 to 23-09-2015
Maalte Facility Management nv
  • Director, until 30-06-2009
Gérard Van Acker BVBA
  • Director, from 04-06-2003 to 22-05-2006
KLOECK Peter
  • Director, until 04-06-2003
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootschap heeft tot doel, zowel voor eigen rekening als voor rekening van derden, in België of in het buitenland, alleen of in samenwerking met derden, in consignatie, in…
Full purpose

De vennootschap heeft tot doel, zowel voor eigen rekening als voor rekening van derden, in België of in het buitenland, alleen of in samenwerking met derden, in consignatie, in commissie, als tussenpersoon of als vertegenwoordiger, om het even welke industriële, commerciele, financiële, roerende en onroerende handelingen die rechtstreeks of onrechtstreeks betrekking hebben op: -verlenen van studies en adviezen met betrekking tot bouwkunde, bodemonderzoek, bodemsanering, projectbegeleiding, landbouwadvies, lekdetecties, milieu-audits, algemeen milieu-onderzoek, technisch milieu-advies in de ruimste zin van het woord; -uitvoeren van bovenvermelde activiteiten; juridisch, financieel en technisch advies; -laboratoriumonderzoeken; -verwerving, bezit en beheer van onroerende goederen; -ontwikkeling van bodemsaneringstechnieken en de verspreiding ervan; -waardering van onroerende goederen; -organisatie van seminaries, studiedagen en evenementen en uitgeverij i.v.m. bovengenoemde activiteiten; -deelname in onderzoeken (research projecten); -introductie en verdediging van dossiers bij diverse officiële instanties. ...

Structure & network

Part of the group ABO-GROUP ENVIRONMENT 12 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. ABO-GROUP ENVIRONMENT 100%
  2. ABO

Highest known parent: ABO-GROUP ENVIRONMENT. The sources do not say who stands above it.

Owners 1

Holdings 1

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

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ABO Research
Shared corporate director
→

Acquisitions and mergers

1 transaction
Received in a demerger part of:ECOREM
BE 0448.696.957partial demerger · State Gazette act of 01-08-2014 (4 acts) · effective 13-05-2014

Capital and shareholders

Capital over the years
  1. 28-07-2014 Capital increase of 188,117.29 EUR · to 1,034,600.10 EUR · 4,674,822 new shares
  2. 04-06-2014 Capital increase of 188,117.29 EUR

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 19,887 EUR awarded · 19,524 EUR paid
Year Entries awardedpaid
2025 1 2,703 EUR2,954 EUR
2024 1 5,777 EUR5,249 EUR
2023 1 4,638 EUR4,642 EUR
2022 2 6,769 EUR6,679 EUR
Schemes
4 entries · 16,032 EUR · 15,669 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 3,855 EUR · 3,855 EUR paid · Departement Werk en Sociale Economie

Federal government

2023 to 2025 · 3 entries · 17,845 EUR in total
Year Department Transactions Amount
2025 FOD Mobiliteit 1 535 EUR
2024 FOD Mobiliteit 1 11,136 EUR
2023 FOD Mobiliteit 1 6,174 EUR

European Union, budget

2021 to 2022 · 2 entries · 1,162,075 EUR in total
Year Entries awarded
2022 1 456,376 EUR
2021 1 705,699 EUR
Projects
ENABLING IN SITU SOIL REMEDIATION ON LOW-PERMEABILITY SITES THROUGH HYDRAULIC/PNEUMATIC FRACTURING (FRAC-IN)
Programme for Environment and Climate Action · 01-01-2022 to 31-12-2025 · 705,699 EUR
LIFE21-ENV-BE-LIFE CAPTURE - COMBINING NOVEL ANALYTICAL PROTOCOLS FOR PFAS CONTAMINATION WITH TECHNOLOGIES FOR SUSTAINABLE REMEDIATION
Programme for Environment and Climate Action · 01-10-2022 to 30-09-2027 · 456,376 EUR

Similar companies · same sector, comparable size

Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 287 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
Founded27-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0456322543
Also 9925:BE0456322543
Registered 06-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.