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ABP

Active
Private limited companyfounded 201511 yrs activeQuai Bonaparte 45, 4020 Liège, BelgiumKBO/BCE: BE 0568.855.510
Summary

ABP has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €13k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+77
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 14.72; short-term debt: 6.7% and cash: 53.3% of total assets), and 6.7% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 11 years 0 20 y
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 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
6 d early
2023
33 d early
2022
4 d early
2021
22 d late
2020
30 d early
2019
29 d early
← before the deadline after the deadline →
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

Financials · fiscal year 2024, micro schema

Equity
€46k▲ 39.5%
2023 · €33k
2018: €28klowest in 7 years 2019: €33k▲ +16.1% vs 2018 2020: €36k▲ +11.5% vs 2019 2021: €33k▼ -8.7% vs 2020 2022: €35k▲ +5.6% vs 2021 2023: €33k▼ -5.6% vs 2022 2024: €46k▲ +39.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€49k▲ 48.5%
2023 · €33k
2018: €39k 2019: €36k▼ -5.5% vs 2018 2020: €37k▲ +1.9% vs 2019 2021: €34k▼ -9.8% vs 2020 2022: €43k▲ +29.5% vs 2021 2023: €33k▼ -23.4% vs 2022lowest in 7 years 2024: €49k▲ +48.5% vs 2023highest in 7 years
2018 → 2024
Net result
€13k
2023 · €-2k
2018: €15khighest in 7 years 2019: €5k▼ -69.9% vs 2018 2020: €4k▼ -17.0% vs 2019 2021: €-3k▼ -185% vs 2020lowest in 7 years 2022: €2k▲ +158% vs 2021 2023: €-2k▼ -206% vs 2022 2024: €13k▲ +771% vs 2023
2018 → 2024
Working capital
€45k▲ 37.2%
2023 · €33k
2018: €27klowest in 7 years 2019: €33k▲ +21.3% vs 2018 2020: €36k▲ +11.5% vs 2019 2021: €33k▼ -8.7% vs 2020 2022: €35k▲ +5.6% vs 2021 2023: €33k▼ -5.6% vs 2022 2024: €45k▲ +37.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€36k-€33k▼ 8.7%€35k▲ 5.6%€33k▼ 5.6%€46k▲ 39.5% 2020: €36k 2021: €33k▼ -8.7% vs 2020 2022: €35k▲ +5.6% vs 2021 2023: €33k▼ -5.6% vs 2022lowest in 5 years 2024: €46k▲ +39.5% vs 2023highest in 5 years
Operating result€2k-€-2k€2k€-2k€18k 2020: €2k 2021: €-2k▼ -187% vs 2020 2022: €2k▲ +191% vs 2021 2023: €-2k▼ -231% vs 2022lowest in 5 years 2024: €18k▲ +833% vs 2023highest in 5 years
Net result€4k-€-3k€2k€-2k€13k 2020: €4k 2021: €-3k▼ -185% vs 2020lowest in 5 years 2022: €2k▲ +158% vs 2021 2023: €-2k▼ -206% vs 2022 2024: €13k▲ +771% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-10k€0€10k€20kOperating result 2020: €2k€2kNet result 2020: €4k€4kOperating result 2021: €-2k€-2kNet result 2021: €-3k€-3kOperating result 2022: €2k€2kNet result 2022: €2k€2kOperating result 2023: €-2k€-2kNet result 2023: €-2k€-2kOperating result 2024: €18k€18kNet result 2024: €13k€13k20202021202220232024€-10k€0€10k€20kOperating result 2022: €2k€1.9kNet result 2022: €2k€1.8kOperating result 2023: €-2k€-2.4kNet result 2023: €-2k€-1.9kOperating result 2024: €18k€18kNet result 2024: €13k€13k202220232024
The operating result returns to profit in 2024: €18k after a loss of €2k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets €790
Current assets €49k
Equity and liabilities €49k
Equity €46k ▲ 39.5%
Debt €3k ▲ 1,346%
Debt's share of the balance-sheet total rises from 0.7% to 6.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€18k
Cash flow
€13k
Current ratio
14.72
Debt to equity
0.07▲
2023 · 0.01
ROE
28.3%▲
2023 · -5.9%
ROA
26.4%▲
2023 · -5.9%
Interest coverage
109.48
Debt ≤ 1 year
€3k▲
2023 · €229
Income taxes
€6k▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€33k€49k▲
Fixed assets21/28€0€790▲
Tangible fixed assets22/27€0€790▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€790▲
Current assets29/58€33k€49k▲
Amounts receivable within one year40/41€19k€22k▲
Trade receivables40-€3k
Other amounts receivable41€19k€20k▲
Cash at bank and in hand54/58€15k€26k▲
Equity and liabilities
Total equity and liabilities10/49€33k€49k▲
Equity10/15€33k€46k▲
Contributions10/11€7k€7k=
Capital10€7k€7k=
Issued capital100€21k€21k=
Uncalled capital101€14k€14k=
Reserves13€31k€44k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€29k€42k▲
Profit (loss) carried forward14€-5k€-5k=
Amounts payable17/49€229€3k▲
Amounts payable within one year42/48€229€3k▲
Trade debts44€229€49▼
Suppliers440/4€229€49▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€36
Other operating charges640/8€220€220=
Gross operating margin9900€-2k€18k▲
Operating profit (loss)9901€-2k€18k▲
Financial income75/76B€660€2k▲
Recurring financial income75€660€2k▲
Financial charges65/66B€172€163▼
Recurring financial charges65€172€163▼
Profit (loss) for the period before taxes9903€-2k€19k▲
Income taxes67/77€0€6k▲
Profit (loss) for the period9904€-2k€13k▲
Profit (loss) for the period to be appropriated9905€-2k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€8k▲
Profit (loss) brought forward from the previous period14P€-3k€-5k▼
Transfer to equity691/2-€13k
To other reserves6921-€13k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€36-
Other operating charges640/8-€220-€220€220=
Gross operating margin9900€2k€-2k€2k€-2k€18k▲ 917%
Operating profit (loss)9901€2k€-2k€2k€-2k€18k▲ 833%
Financial income75/76B-€1k€564€660€2k▲ 149%
Recurring financial income75€2k€1k€564€660€2k▲ 149%
Financial charges65/66B-€151€391€172€163▼ 5.0%
Recurring financial charges65€169€151€391€172€163▼ 5.0%
Profit (loss) for the period before taxes9903€4k€-812€2k€-2k€19k▲ 1,092%
Income taxes67/77€405€2k€184€0€6k▲ 62,573,700%
Profit (loss) for the period9904€4k€-3k€2k€-2k€13k▲ 771%
Profit (loss) for the period to be appropriated9905€4k€-3k€2k€-2k€13k▲ 771%
Line20202021202220232024Change
Assets
Total assets20/58€37k€34k€43k€33k€49k▲ 48.5%
Fixed assets21/28--€0€0€790-
Tangible fixed assets22/27--€0€0€790-
Plant, machinery and equipment23--€0€0€0-
Furniture and vehicles24--€0€0€790-
Current assets29/58€37k€34k€43k€33k€49k▲ 46.1%
Amounts receivable within one year40/41€7k€17k€7k€19k€22k▲ 19.4%
Trade receivables40-€17k€7k-€3k-
Other amounts receivable41-€95€123€19k€20k▲ 4.6%
Cash at bank and in hand54/58€30k€17k€36k€15k€26k▲ 80.3%
Equity and liabilities
Total equity and liabilities10/49€37k€34k€43k€33k€49k▲ 48.5%
Equity10/15€36k€33k€35k€33k€46k▲ 39.5%
Contributions10/11€7k€7k€7k€7k€7k=
Capital10--€7k€7k€7k=
Issued capital100--€21k€21k€21k=
Uncalled capital101--€14k€14k€14k=
Outside capital11-€7k----
Other1109/19-€7k----
Reserves13€29k€29k€31k€31k€44k▲ 41.9%
Non-distributable reserves130/1-€2k€2k€2k€2k=
Legal reserve130-€2k€2k€2k€2k=
Distributable reserves133-€27k€29k€29k€42k▲ 45.0%
Profit (loss) carried forward14-€-3k€-3k€-5k€-5k=
Amounts payable17/49€857€394€8k€229€3k▲ 1,346%
Amounts payable within one year42/48€857€394€8k€229€3k▲ 1,346%
Trade debts44-€37€8k€229€49▼ 78.8%
Suppliers440/4-€37€8k€229€49▼ 78.8%
Taxes, remuneration and social security45--€184-€3k-
Taxes450/3--€184-€3k-
Other amounts payable47/48-€357----
Line20202021202220232024Change
Profit (loss) for the period9904€4k€-3k€2k€-2k€13k▲ 771%
+ Depreciation and write-downs630----€36-
Operating cash flow (approximation)€4k€-3k€2k€-2k€13k▲ 773%
Investment in fixed assets (approximation)---€0€-826-
Change in cash-€-14k€19k€-22k€12k▲ 154%

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
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €13k
Net result €13k after one loss-making year.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity times 28current ratio 145.55
Current ratio from 5.14 to 145.55; short-term debt falls from €8k to €229.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €2k
Net result €2k after one loss-making year.
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Liquidity times 5current ratio 43.39
Current ratio from 9.34 to 43.39; short-term debt falls from €4k to €857.
02-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Liquidity triplescurrent ratio 9.34
Current ratio from 3.55 to 9.34; short-term debt falls from €11k to €4k.
Show earlier events
02-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Liège · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1,984 m²
Building footprint
506 m²
Volume, LiDAR
1,169 m³
2 parcels, Wallonia · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ABP CHASSIS
Chemin du Bois du Roi(WAR) 17, 4608 DalhemJoinery installation
since 20152.238.330.032
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62114B0208/00L000 Wallonia 1,604 m² 1 · 434 m² -
62807A1010/00L000 Wallonia 380 m² 1 · 72 m² 21.2 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-01-2015
Fiscal year end31-12
Trade name FR Building systems
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
47529Retail trade

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