ABRADO
ActiveSummary
ABRADO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,935 and a net result of €2,299. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 2610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-19
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 4.21 in 2024; short-term debt: 32.6% and cash: 12.3% of total assets), and 32.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.4%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
126 d early
2024
53 d late
2023
31 d late
2022
30 d late
2021
53 d early
2020
53 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Kapellen, Other services sector
Equity
€39,935▲ 211%
2024 · €12,846
Total assets
€59,280▲ 252%
2024 · €16,850
Net result
€2,299▲ 18.0%
2024 · €1,948
Working capital
€24,935▲ 94.1%
2024 · €12,846
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,637▲ 310%-€1,064-€10,354▼ 873%€2,026€920▼ 54.6%
Net result€2,601within the sector's middle half▲ 328%-€1,108within the sector's middle half-€10,385below the sector's middle half▼ 837%€1,948within the sector's middle half€2,299within the sector's middle half▲ 18.0%
Equity€22,390within the sector's middle half▲ 13.1%€21,283within the sector's middle half▼ 4.9%€10,898within the sector's middle half▼ 48.8%€12,846within the sector's middle half▲ 17.9%€39,935within the sector's middle half▲ 211%
Total assets€24,613below the sector's middle half▲ 2.1%€22,295below the sector's middle half▼ 9.4%€11,064below the sector's middle half▼ 50.4%€16,850below the sector's middle half▲ 52.3%€59,280within the sector's middle half▲ 252%
Debt€2,223▼ 48.4%€1,012▼ 54.5%€166▼ 83.6%€4,004▲ 2,310%€19,345▲ 383%
Working capital€22,390within the sector's middle half▲ 15.6%€21,283within the sector's middle half▼ 4.9%€10,898within the sector's middle half▼ 48.8%€12,846within the sector's middle half▲ 17.9%€24,935within the sector's middle half▲ 94.1%
Solvency91.0%above the sector's middle half▲ 8.8pp95.5%above the sector's middle half▲ 4.5pp98.5%above the sector's middle half▲ 3.0pp76.2%above the sector's middle half▼ 22.3pp67.4%above the sector's middle half▼ 8.9pp
Current ratio11.07above the sector's middle half▲ 5.5822.03above the sector's middle half▲ 10.9666.59above the sector's middle half▲ 44.564.21above the sector's middle half▼ 62.382.29within the sector's middle half▼ 1.92
Return on assets (ROA)10.6%within the sector's middle half▲ 8.0pp-5.0%below the sector's middle half▼ 15.5pp-93.9%below the sector's middle half▼ 88.9pp11.6%within the sector's middle half▲ 105.4pp3.9%within the sector's middle half▼ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,280
Fixed assets
€15,000
Current assets
€44,280
Equity and liabilities €59,280
Equity
€39,935 ▲ 211%
Debt
€19,345 ▲ 383%
Debt's share of the balance-sheet total rises from 23.8% to 32.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.48▲
2024 · 0.31
ROE
5.8%▼
2024 · 15.2%
Debt ≤ 1 year
€19,345▲
2024 · €4,004
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,705 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €109 | €898 | €245 | ▼ 72.7% |
| Gross operating margin9900 | €2,637 | -€1,064 | -€10,245 | €2,924 | €1,165 | ▼ 60.2% |
| Operating profit (loss)9901 | €2,637 | -€1,064 | -€10,354 | €2,026 | €920 | ▼ 54.6% |
| Financial income75/76B | - | - | €47 | - | €1,563 | - |
| Recurring financial income75 | - | - | €47 | - | €1,563 | - |
| Financial charges65/66B | €36 | €44 | €78 | €78 | €184 | ▲ 135% |
| Recurring financial charges65 | €36 | €44 | €78 | €78 | €184 | ▲ 135% |
| Non-recurring financial charges66B | - | €44 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,601 | -€1,108 | -€10,385 | €1,948 | €2,299 | ▲ 18.0% |
| Profit (loss) for the period9904 | €2,601 | -€1,108 | -€10,385 | €1,948 | €2,299 | ▲ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €2,601 | -€1,108 | -€10,385 | €1,948 | €2,299 | ▲ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,613 | €22,295 | €11,064 | €16,850 | €59,280 | ▲ 252% |
| Fixed assets21/28 | - | - | - | - | €15,000 | - |
| Tangible fixed assets22/27 | - | - | - | - | €15,000 | - |
| Furniture and vehicles24 | - | - | - | - | €15,000 | - |
| Current assets29/58 | €24,613 | €22,295 | €11,064 | €16,850 | €44,280 | ▲ 163% |
| Stocks and contracts in progress3 | €433 | - | - | - | - | - |
| Stocks30/36 | €433 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,012 | €2,282 | €309 | €2,221 | €37,008 | ▲ 1,566% |
| Trade receivables40 | €925 | €175 | - | - | €3,900 | - |
| Other amounts receivable41 | €2,087 | €2,107 | €309 | €2,221 | €33,108 | ▲ 1,391% |
| Cash at bank and in hand54/58 | €21,168 | €20,013 | €10,755 | €14,629 | €7,272 | ▼ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,613 | €22,295 | €11,064 | €16,850 | €59,280 | ▲ 252% |
| Equity10/15 | €22,390 | €21,283 | €10,898 | €12,846 | €39,935 | ▲ 211% |
| Contributions10/11 | €36,711 | €36,711 | €36,711 | €36,711 | €61,500 | ▲ 67.5% |
| Capital10 | €36,711 | - | - | - | €61,500 | - |
| Issued capital100 | €61,500 | - | - | - | €61,500 | - |
| Uncalled capital101 | €24,789 | - | - | - | - | - |
| Reserves13 | €1,681 | €1,681 | €1,681 | €1,681 | €1,681 | = |
| Non-distributable reserves130/1 | - | €1,681 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,681 | - | - | - | - |
| Distributable reserves133 | €1,681 | - | €1,681 | €1,681 | €1,681 | = |
| Profit (loss) carried forward14 | -€16,001 | -€17,109 | -€27,494 | -€25,545 | -€23,246 | ▲ 9.0% |
| Amounts payable17/49 | €2,223 | €1,012 | €166 | €4,004 | €19,345 | ▲ 383% |
| Amounts payable within one year42/48 | €2,223 | €1,012 | €166 | €4,004 | €19,345 | ▲ 383% |
| Trade debts44 | €763 | €426 | - | €3,899 | €1,195 | ▼ 69.3% |
| Suppliers440/4 | €763 | €426 | - | €3,899 | €1,195 | ▼ 69.3% |
| Other amounts payable47/48 | €1,459 | €586 | €166 | €106 | €18,150 | ▲ 17,102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,601 | -€1,108 | -€10,385 | €1,948 | €2,299 | ▲ 18.0% |
| Operating cash flow (approximation) | €2,601 | -€1,108 | -€10,385 | €1,948 | €2,299 | ▲ 18.0% |
| Change in cash | - | -€1,155 | -€9,258 | €3,874 | -€7,357 | ▼ 290% |
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
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Back to profitnet €1,948
Net result €1,948 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€10,385
Net result drops to -€10,385, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 66.59
Current ratio from 22.03 to 66.59; short-term debt falls from €1,012 to €166.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €2,601 ▲328%
Operating result €2,637, net result €2,601, both a record.
31-12
Financial
Liquidity doublescurrent ratio 11.07
Current ratio from 5.49 to 11.07; short-term debt falls from €4,308 to €2,223.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €607
Net result €607 after one loss-making year.
Show earlier events
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 3.04
Current ratio from 0.40 to 3.04; short-term debt falls from €17,437 to €8,972.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Kapellen · 1 establishment unit since 1984
Ground area
4,455 m²
Building footprint
379 m²
Volume, LiDAR
2,839 m³
2 parcels, Flanders · tallest building 23.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Prinses Elisabethlei 5, 2950 Kapellen
since 19842.024.968.832
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0031/00X000 | Flanders | 3,748 m² | 1 · 200 m² | 23.8 m · 3 fl. |
| 11902H0034/00V002 | Flanders | 707 m² | 1 · 179 m² | 8.6 m · 2 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.
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Of 696 companies in sector 95240 we hold annual accounts for 95. 87 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
Founded18-07-1984
Fiscal year end31-12
Activities, NACEBEL 2025
95240Repair and maintenance of furniture and upholstery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425987772
Also
9925:BE0425987772
Registered
11-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.