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ABRAM

Active Public limited companyfounded 1992active for 34 yearsKapellestraat 117, 8020 OostkampKBO/BCE: BE 0448.162.467 subsidiary of GLOBAL NEXUS

Overview

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1993
peak €2.1m (2023)
€618,377▼ 59.6%
lowest -€831,335 (2025)
-€831,335▼ €541,613
peak €955,226 (2023)
-€165,831▼ €831,335
€16.1m▲ 11.1%
peak 1 FTE (2007)
0 FTE 
Board8 names since 2022
4 directorsCOUCKE Francis and 3 others
Owners4 names in the annual accounts
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Gross margin from €1.5m to €618,377Loss of €831,335Equity from €665,504 to -€165,831

Key points

from the 2025 annual accounts

Equity

-€165,831
202020212022202320242025

Debts exceed assets in financial year 2025.

Result

-€831,335 ▼ 187%
-€290,0002024-€831,0002025

The result fell in 2025: 12-month financial year.

Debts

€16.1m 101% of the balance sheet
Financial debts 20%Suppliers 1%Taxes and wages 0%Other 78%

€5.2m of the debts are secured on the company's own assets. In 2022 that was €7.7m.

Filings

32 annual accounts since 1993
AprilJune31 JulyOctober200020102020

The 2017 accounts came 2 days late. The other nine of the last ten were filed on time.

Position in the sector

-€831,335

Lower net result than 95% of companies in real estate. Sector median €20,526 · 5,817 companies.

Checked score

53
Fair
Financially stronger than 8% of medium-sized companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.7%▲ +0.3 percentage points vs 03-2025 05-2025: 0.8%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%▲ +0.2 percentage points vs 05-2025 07-2025: 1.7%▲ +0.7 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -1.6 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Weak

24-5equity -1.0% of total assets
15-1short-term debt 71.4% · cash 3.0%
12-12return on assets -5.2%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€165,831
Loss of €831,335, the second in a row (financial year 2025)
Liquidity: current ratio 0.88, cash €472,861
lowers risk
Size: total assets €16.0m
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 68, medium-sized). It does better than 11% of them on solvency, 12% on liquidity, 5% on profitability and 4% on growth.

The bankruptcy probability was computed on 07-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 139 companies had the same profile as ABRAM has now. Each dot is one company, two years later.

95.7%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
  • Medium-sized
  • 20 years or older
  • negative equity
  • a small loss

The bankruptcy probability of ABRAM itself is lower: 0.2% within 12 months. It rests on far more data about ABRAM than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 139 companies, not a prediction for ABRAM. 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.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.88 (0.86 in 2024), below 1. Short-term debt is 71.4% and cash 3% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €16.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€165,831
NBB · annual accounts
raises risk · Loss of €831,335, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.88, cash €472,861
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€165,831
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
21 days early
2023
14 days early
2022
26 days early
2021
3 days early
2020
3 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CF
Director
KD
Director
WS
Director

Shares in 1 company, J2

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0448162467
Environmental permit granted Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 2 more · Beveren-Kruibeke-Zwijndrecht
4 directors appointed, 4 resignations Resignations: TJAKA (managing director), EUROPEAN ESTATE MANAGEMENT, Expand BV and K-DRIVE (managing director) · Appointments: BEKE Luc Sylvain Georges (class A director), WILMS Stany Alfred, COUCKE Francis and DEWULF Kathleen · General meeting of 28-06-2024 · Gazette deed
Environmental permit refused Aanleg van nieuwe verkeersweg, Het reliëf van de bodem aanmerkelijk wijzigen · Provincie West-Vlaanderen
All 51 events

Comparable companies

same main activity, similar in size and age
Company
ABRAM Oostkamp €16.0m €0.6m -1.0% 0
Trinity Real Estate Investments Genk €9.4m €1.4m 17.7% 0
BELGIUM BUILDINGS CONCEPT Uccle €10.3m €1.7m 53.2% 0.5
EUROPE 131 Schilde €17.9m €0.2m 20.7% 0
MORVAN Ghent €18.5m €0.6m 40.7% 1
BETONBOUW DELEERSNYDER Zulte €8.6m €0.6m 83.8% 0
AGB Lanaken Lanaken €6.5m €0.7m 55.0% 0.2

These companies have the same main activity as ABRAM: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €6.5m and €19m, founded between 1974 and 2007.

Official details

Source: KBO
Status
Active since 03-09-1992Normal situation
Registered office
52 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
Development of non-residential building projectsNACE 68122and 6 others
Establishment unit
2.059.054.8308020 Oostkamp, since 02-10-1992
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€618,377▼ 59.6%
≈ €1.1mestimated
€831,335▲ 187%
-€165,831
€16.0m▲ 5.2%
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Companies linked to ABRAM

Insights on ABRAM

ABRAM has existed since 1992. In 2022 the gross margin rose from €116,085 to €1.2m.

Solvency fell in 2025 from 4.4% to -1.0% because of the loss and higher long-term debts.

GLOBAL NEXUS holds all the shares. In July 2024, four directors stepped down.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 27-07-2026, 4 days before the deadline
€618,377
▼ 59.6%
-€304,115
▼ €1.4m
-€105,783
▼ €1.5m
-€633,004
▼ €580,023
-1.0%
▼ 5.4 percentage points
0.88
▲ 0.03

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.1m. Estimated: probably between €830,000 and €1.8m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €16.0m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-1.0%

Higher than 13% of 5,810 companies in 2025.

0.88

Higher than 38% of 5,561 companies in 2025.

-5.2%

Higher than 12% of 5,784 companies in 2025.

ABRAM Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 16.0m15.2m19.4m22.7m22.5m5.8m4.3m12,111100,338106,347111,33181,02688,74995,71893,968105,781167,861285,006218,263
21/28 5.9m6.1m8.1m9.1m9.2m1.9m2.1m-----1,3176,69712,21739,51990,181132,335146,966
22/27 5.5m5.7m4.0m4.1m4.2m1.9m2.1m-----1,3176,69712,21739,51990,181132,335146,966
22 4.4m4.5m2.7m2.7m2.7m288,279464,459------------
23 -------------3,7408,74033,52980,375127,221145,327
24 ------------1,3172,9573,4785,9909,8065,1151,640
25 1.1m1.2m1.3m1.4m---------------
28 360,000360,0004.1m5.0m5.0m5,0005,000------------
29/58 10.1m9.1m11.3m13.6m13.2m3.9m2.2m12,111100,338106,347111,33181,02687,43389,02181,75166,26277,680152,67071,297
3 8.4m6.6m9.4m10.6m12.3m3.5m2.0m-80,14380,14380,143--------
30/36 8.4m6.6m9.4m10.6m12.3m3.5m2.0m-80,14380,14380,143--------
40/41 1.1m1.9m1.6m2.2m849,520399,49962,9811,3511,6511,6541,6341,57663,19868,86824,07222,27647,95198,80850,537
40 49,117875,339536,2621.3m32,723318,00039,274------20,31523,21522,27020,45165,79950,525
41 1.0m1.0m1.0m823,800816,79781,49923,7071,3511,6511,6541,6341,57663,19848,553857727,50033,00913
54/58 472,861460,668202,622730,7196,6444,92019,92810,76118,54424,55029,55479,45024,23520,15357,67943,98628,15653,86220,760
490/1 160,389130,33598,334112,41441,59914,22545,709---------1,573--
Balance sheet: equity and liabilities
10/49 16.0m15.2m19.4m22.7m22.5m5.8m4.3m12,111100,338106,347111,33181,02688,74995,71893,968105,781167,861285,006218,263
10/15 -165,831665,504955,226-637,941-924,947-348,829-152,077-51,36334,91142,76947,22580,54881,21788,94493,42596,281117,731110,838203,209
10/11 75,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,000
10 75,00075,00075,00075,000---------------
100 75,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,000
13 7,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,500
130/1 7,5007,5007,5007,5007,500--------------
130 7,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,500
14 -248,331583,004872,726-720,441-1.0m-431,329-234,577-133,863-47,589-39,731-35,275-1,952-1,2836,44410,92513,78135,23128,338120,709
17/49 16.1m14.5m18.4m23.3m23.4m6.2m4.5m63,47565,42763,57864,1074787,5336,7745439,50050,130174,16815,054
17 3.3m2.1m5.0m8.3m10.5m3.4m1.4m------------
170/4 3.3m2.1m5.0m8.3m10.5m3.4m1.4m------------
42/48 11.4m10.6m12.6m14.4m12.6m2.6m3.0m61,62661,72961,72963,4084787,5336,774-9,50049,749173,80115,054
42 2.1m1.1m300,132378,493362,679181,183180,568------------
43 -----01.4m------------
430/8 -----01.4m------------
44 237,185233,937363,596875,4071.2m223,052134,196--1031,782478-1,664-8,9368,0528,69718
440/4 237,185233,937363,596875,4071.2m223,052134,196--1031,782478-1,664-8,9368,0528,69718
46 07,195-----------------
45 62,66267,4140318,41804,469-------5,110-5641,69725,10415,036
450/3 62,66267,4140318,41804,469-------2,050-5641,69715,5495,190
454/9 -------------3,060---9,5559,846
47/48 9.0m9.2m11.9m12.8m11.1m2.2m1.3m61,62661,72961,62661,626-7,533---40,000140,000-
492/3 1.5m1.8m833,003619,844234,481124,62173,5331,8493,6981,849699---543-381366-
Income statement
70/76A --------------16,341-208,987226,70386,137
70 --------------13,500-205,216223,16686,137
76A 56,888---015,923-----3,083-2,000-----
9900 618,3771.5m2.1m1.2m116,085206,87227,837-3,854-5,882-2,516-32,370-3,666-1,65419,987-30,659---
60/66A --------------19,036-149,502178,946135,186
60 ----------------14,42419,402-
600/8 ----------------14,42419,402-
61 --------------10,723-54,18873,71439,686
62 ------------11811,822-29621229,80640,35450,891
630 198,332236,742138,310137,511225,75383,25640,522-----5,3807,7157,56150,66249,81244,21743,805
631/4 593,680------80,143-----------
640/8 130,479166,763166,895126,512101,880106,43256,933405103103209-6506,8451,0471,1391,2711,259804
9901 -304,1151.1m1.8m922,132-211,54817,184-69,617-84,402-5,985-2,619-32,579-3,666-7,802-6,396-2,695-21,35459,48647,756-49,049
75/76B 60,395885,7791.6m39,0097,8361,50827--13421723360354510813284
75 60,395885,7791.6m39,0097,8361,50827--13421723360354510813284
751 --------------35-1086284
752/9 -----------------70-
65/66B 587,6152.3m1.7m674,135372,405215,44531,1231,8731,8731,849786102158146196289185260375
65 587,6151.4m848,281674,135372,405215,44531,1231,8731,8731,849786102158146196289185260375
650 --------------85-76157209
652/9 --------------110-109103166
66B 0880,000900,000----------------
9903 -831,335-290,5041.7m287,006-576,118-196,752-100,713-86,275-7,857-4,456-33,323-669-7,727-4,482-2,856-21,59859,40947,629-49,340
67/77 0-78281,000-------------14812,516--
670/3 ----------------12,516--
9904 -831,335-289,7221.6m287,006-576,118-196,752-100,713-86,275-7,857-4,456-33,323-669-7,727-4,482-2,856-21,45046,89347,629-49,340
9905 -831,335-289,7221.6m287,006-576,118-196,752-100,713-86,275-7,857-4,456-33,323-669-7,727-4,482-2,856-21,45046,89347,629-49,340
Appropriation of the result
9906 -248,331583,004872,726-720,441-1.0m-431,329-234,577-133,863-47,589-39,731-35,275-1,952-1,2836,44410,92513,78175,231168,338120,709
14P 583,004872,726-720,441-1.0m---------------
694/7 ----------------40,000140,000-
694 ----------------40,000140,000-
Social balance sheet
9087 000----------0.3--111
Hours worked1013 -------------508--9621,1761,315
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1993-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 27-07-2026 2026-00359120 PDF
31-12-2024 abbreviated format 10-07-2025 2025-00276407 PDF
30-06-2023 abbreviated format 17-01-2024 2024-00003743 PDF
30-06-2022 abbreviated format 05-01-2023 2023-20556329 PDF
30-06-2021 abbreviated format 28-01-2022 2022-03200173 PDF
30-06-2020 abbreviated format 28-01-2021 2021-02700340 PDF
30-06-2019 abbreviated format 29-01-2020 2020-02900040 PDF
30-06-2018 micro format 14-11-2018 2018-72000517 PDF
30-06-2017 micro format 02-02-2018 2018-03900031 PDF
30-06-2016 abbreviated format 03-01-2017 2017-00100097 PDF
30-06-2015 abbreviated format 26-01-2016 2016-02500320 PDF
30-06-2014 abbreviated format 28-01-2015 2015-02400288 PDF
30-06-2013 abbreviated format 23-12-2013 2013-69600442 PDF
30-06-2012 abbreviated format 10-01-2013 2013-00700509 PDF
30-06-2011 full format 09-01-2012 2012-00700296 PDF
30-06-2010 abbreviated format 07-02-2011 2011-02800052 PDF
30-06-2009 full format 29-01-2010 2010-03400500 PDF
30-06-2008 full format 15-12-2008 2008-85300187 PDF
30-06-2007 full format 17-01-2008 2008-01700398 PDF
30-06-2006 full format 22-12-2006 2006-92100023 PDF
30-06-2005 full format 06-02-2006 2006-03700129 PDF
30-06-2004 full format 27-12-2004 2004-87300199 PDF
31-12-2002 full format 17-06-2003 2003-23900125 PDF
31-12-2001 full format 24-06-2002 2002-24300183 PDF
31-12-2000 full format 12-07-2001 2001-36400225 PDF
31-12-1999 abbreviated format 26-06-2000 2000-27700003 PDF
31-12-1998 abbreviated format 16-06-1999 1999-18202482 PDF
31-12-1997 abbreviated format 10-06-1998 1998-15402140 PDF
31-12-1996 abbreviated format 18-06-1997 1997-16902111 PDF
31-12-1995 abbreviated format 25-06-1996 1996-21502332 PDF
31-12-1994 abbreviated format 15-06-1995 1995-24404002 PDF
31-12-1993 abbreviated format 21-06-1994 1994-17804678 PDF

Subsidies and aid

Flemish government 2025, 1 entry, €51,722 awarded

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
-105,7831.4m2.0m1.1m14,205100,440-29,095------2,4221,3194,86629,308109,29891,973-5,244
-633,004-52,9801.7m424,517-350,364-113,497-60,192------2,3473,2334,70629,21296,70591,846-5,534
02.0m9,23015,5777.6m3,8162.2m-----02,194-19,74007,65729,5862,455
12,193258,046-528,097724,0761,723-15,0089,167-7,783-6,006-5,005-49,89655,2164,081-37,52513,69315,829-25,70633,102-
-1.3m-1.5m-1.3m-821,501604,0571.3m-815,548-49,51538,60944,61847,92380,54879,90082,247-56,76227,931-21,13156,243
---------------20.0%-29.0%21.4%-56.9%
-1.0%4.4%4.9%-2.8%-4.1%-6.0%-3.5%-424.1%34.8%40.2%42.4%99.4%91.5%92.9%99.4%91.0%70.1%38.9%93.1%
0.880.860.900.941.051.480.730.201.631.721.76-11.6113.14-6.981.560.884.74
0.150.230.150.210.070.160.040.200.330.420.49-11.6113.14-6.981.560.884.74
-21.8419.28-----1.871.491.360.010.090.080.010.100.431.570.07
--43.5%166.8%------22.5%-10.4%-70.6%-0.8%-9.5%-5.0%-3.1%-22.3%39.8%43.0%-24.3%
-5.2%-1.9%8.2%1.3%-2.6%-3.4%-2.3%-712.3%-7.8%-4.2%-29.9%-0.8%-8.7%-4.7%-3.0%-20.3%27.9%16.7%-22.6%
-0.180.962.321.57----------57.11-over 100over 100-25.09
--------------628 days-36 days108 days214 days
----------------43 days34 days0 days

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item2025202430-06-202330-06-2022
Debts secured on the company's own assets€5.2m€2.8m€4.5m€7.7m
Mortgages, amount registered€27,500€27,500€27,500€27,500
€8.8m€5.2m€9.5m€10.4m
Carrying value of the mortgaged assets€9.4m€9.1m€8.0m€6.5m
Carrying value of the other pledged assets---€2.1m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2025202430-06-202330-06-2022
Tangible fixed assets-€2.0m€9,230€15,577
€198,332€236,742€138,310€137,511

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ABRAM

The operating result for 2025 is a loss of €304,115, after a profit of €1.1m in 2024. It is the lowest result since 2007.

Equity is negative. Debt (€16.1m) exceeds the balance-sheet total (€16.0m).

Large changes and their cause
  • 2025 Net result -187% on 2024. The previous financial year ran 18 months, this one 12. The accounts now follow the full format, last year the abbreviated format.

Board & ownership

Board

4 directors, last change in 2024
Class A director
appointed by deed of 22-07-2024
listed in the 2025 annual accounts, filed on 27-07-2026
Director
appointed by deed of 22-07-2024
listed in the 2025 annual accounts, filed on 27-07-2026
Director
appointed by deed of 22-07-2024
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 27-07-2026
Director
appointed by deed of 22-07-2024
listed in the 2025 annual accounts, filed on 27-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“van de vennootschap wat dat bestuur aangaat opdragen aan één of meer personen die volgens het besluit van de raad van bestuur elk alleen…”
deed of 22-07-2024

Office holders in the KBO →

Mandates through the years

8 names, the dashed line is today
BEKE Luc Sylvain Georges
Class A director
Expand BV
Director
K-Drive
Managing director
Tjaka
Managing director
BoardEarliermandate already running before its first mention
Mandates as a list
  • COUCKE Francis
    • Director, from 28-06-2024 to date
  • WILMS Stany Alfred
    • Director, from 28-06-2024 to date
  • BEKE Luc Sylvain Georges
    • Class A director, appointed by deed of 22-07-2024, still in office
  • Kathleen Dewulf
    • Director, appointed by deed of 22-07-2024, still in office
  • European Estate Management
    • Director, from before 30-06-2022 to 22-07-2024
  • Expand BV
    • Director, from before 12-12-2023 to 22-07-2024
  • K-Drive
    • Director, from before 30-06-2022 to 22-07-2024
    • Managing director, from before 12-12-2023 to 22-07-2024
  • Tjaka
    • Director, from before 30-06-2022 to 22-07-2024
    • Managing director, from before 12-12-2023 to 22-07-2024

See the board, name and registered office on a given date →

Control

Parent
Equity €5.1m
Loss €1.2m in 2025 (profit €986,313 in 2024)
Checked score 87
100%
This company
ABRAM
Equity -€165,831
Loss €831,335 in 2025

Further up the chainGlobal Merrill & Piedmont 100%

Capital

Capital
€75,000
Shares
300
Contribution per share
€250
Equity per share
-€553 in 2025
Source
deed of 22-07-2024

Owners through the years

as the annual accounts name them
33.33% until 2017
33% until 2017
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 22-07-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of April at 14:00

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyABRAM1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE J2 €361,079 result €3,807

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Part of the group Global Merrill & Piedmont Group, risk and exposure

Parent

GLOBAL NEXUS
0884.839.740 · 100% of the shares · equity €5.1m · loss €1.2m (2025)
Checked score 87

At the same address

Kapellestraat 117, 8020 Oostkamp · 51 other companies
GLOBALINDUS
registered office since 03-05-2006 · founded in 2006
turnover €6.4m (2025)
0879.020.730
GLOBAL NEXUS
registered office since 08-11-2006 · founded in 2006 · group Global Merrill & Piedmont
turnover €3.5m (2025)
0884.839.740
GLOBAL LIFE 4
registered office since 16-03-2016 · founded in 2016
total assets €33.1m (2025)
0649.988.090
Global Merrill & Piedmont
registered office since 18-12-2007 · founded in 2007
total assets €28.5m (2025)
0891.645.180
Global Bazadaise
registered office since 01-06-1951 · founded in 1951 · group Global Merrill & Piedmont
total assets €19.4m (2025)
0405.152.073
Global Brugge Station
registered office since 27-02-2023 · founded in 2023 · negative equity (2025) · group GLOBALINDUS
total assets €18.8m (2025)
0798.902.193
DEJAEGHER
registered office since 15-01-2002 · founded in 2000 · negative equity (2025) · group Global Merrill & Piedmont
total assets €13.6m (2025)
0473.415.626
Global Jordan & Freeman
registered office since 07-05-2013 · founded in 2013
turnover €8.2m (2025)
0533.955.306
GBS 11
registered office since 28-02-2023 · founded in 2023 · negative equity (2025) · group GLOBALINDUS
total assets €7.7m (2025)
0798.935.154
NEMADECO
registered office since 16-05-1991 · founded in 1991 · group GLOBALINDUS
total assets €7.1m (2025)
0443.812.711
and 41 more

Earlier ties

Avantage Property Holding
via Tjaka, at ABRAM until 2024 · Director · deed of 09-10-2023
founded in 2019 · negative equity (2025) · group ALIREC
turnover €1.0m (2025)
Global Rex 3
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 30-11-2023
founded in 2023 · negative equity (2025)
total assets €3.3m (2025)
GLOBAL IMPACT
via Tjaka, at ABRAM until 2024 · Director · deed of 28-02-2024
founded in 1999 · negative equity (2025) · group Global Merrill & Piedmont
total assets €1.4m (2025)
GLOBAL RENTAL PROPERTIES
via Tjaka, at ABRAM until 2024 · Director · deed of 15-01-2024
founded in 1996 · group ALIREC
turnover €4.4m (2025)
ALIREC
via Tjaka, at ABRAM until 2024 · Director · deed of 28-12-2022
founded in 2022
total assets €48.5m (2025)
RESCOO
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 22-05-2023
founded in 2023 · group ALIREC
turnover €486,942 (2025)
Show 26 more earlier ties
Five Stars Properties
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 03-05-2024
founded in 2024 · group ALIREC
total assets €12.3m (2025)
Serax Immo
via Tjaka, at ABRAM until 2024 · Director · deed of 29-11-2024
founded in 2015 · group BUYSSE & PARTNERS SMART ASSETS
turnover €1.4m (2025)
EUROPAL-LOGISTICS
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 07-04-2023
founded in 1993 · group ALIREC
total assets €8.7m (2025)
GO Sea Belgium
via Tjaka, at ABRAM until 2024 · Class B director · deed of 11-05-2026
founded in 2019
total assets €8.6m (2019)
WBC
via Tjaka, at ABRAM until 2024 · Director · deed of 03-10-2024
founded in 2020 · group ALIREC
turnover €847,987 (2025)
PROJECT 2025
via European Estate Management (at ABRAM until 2024) and Tjaka (at ABRAM until 2024) · Director · deed of 12-01-2022
founded in 2011
total assets €5.9m (2025)
THEUMA VASTGOED
via Tjaka, at ABRAM until 2024 · Director · deed of 27-12-2021
founded in 2001 · group ALIREC
turnover €1.9m (2025)
Tompouce
via Tjaka, at ABRAM until 2024 · Director · deed of 21-09-2023
founded in 2023
total assets €3.5m (2025)
SAX LOGISTICS
via Tjaka, at ABRAM until 2024 · Director · deed of 11-06-2026
founded in 2001 · group ROBELI
total assets €3.5m (2025)
Alkove
via Tjaka, at ABRAM until 2024 · Director · deed of 07-02-2022
founded in 1980 · group ALIREC
turnover €364,789 (2025)
GLOBAL RENTAL PROPERTIES II
via Tjaka, at ABRAM until 2024 · Director · deed of 09-10-2023
founded in 1994 · group ALIREC
turnover €310,260 (2025)
SIRIUS PROJECTS
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 03-02-2026
founded in 2011 · group ALIREC
turnover €342,034 (2025)
Global Estate Services
via Tjaka (at ABRAM until 2024) and K-Drive (at ABRAM until 2024) · deed of 02-04-2024
founded in 2008 · group Tjaka
15 FTE (2025)
Lanson Industries Plant I
via Tjaka, at ABRAM until 2024 · Director · deed of 19-07-2022
founded in 1980 · group ALIREC
turnover €553,258 (2025)
FIBRIMMO
via Tjaka, at ABRAM until 2024 · Director · deed of 20-05-2022
founded in 1996 · group ALIREC
turnover €505,991 (2025)
Immo Genics
via Tjaka, at ABRAM until 2024 · Director · deed of 17-04-2025
founded in 1989 · group ALIREC
turnover €392,575 (2025)
Rederij De Lamme Goedzak
via Tjaka, at ABRAM until 2024 · Director · deed of 08-02-2023
founded in 2023 · group Tjaka
1.4 FTE (2025)
KATELIJNE
via K-Drive, at ABRAM until 2024 · Director · deed of 11-09-2026
founded in 2007
turnover €21,125 (2025)
ABC eCloud
via Tjaka, at ABRAM until 2024 · Director (not named in the articles) · deed of 31-05-2023
founded in 2023
total assets €9,293 (2025)
Damme Art
via Tjaka, at ABRAM until 2024 · Director · deed of 18-05-2026
founded in 2026
Mechelen C Invest
via European Estate Management, at ABRAM until 2024 · Director (not named in the articles) · deed of 17-09-2025
founded in 2025
OCU
via K-Drive, at ABRAM until 2024 · Director (not named in the articles) · deed of 10-12-2025
founded in 2025
Val Riant Invest
via European Estate Management, at ABRAM until 2024 · Director · deed of 09-06-2020
No longer active
total assets €85,102 (2024)
Investering en Promotie Maatschappij
via European Estate Management, at ABRAM until 2024 · Director · deed of 13-08-2024
No longer active
total assets €63,579 (2024)
HARMONY ENERGY
via European Estate Management, at ABRAM until 2024 · Director (not named in the articles) · deed of 15-03-2024
No longer active
total assets €62,592 (2025)
Baluvika
via Tjaka (at ABRAM until 2024) and K-Drive (at ABRAM until 2024) · Director · deed of 10-08-2022
No longer active
total assets €3,001 (2025)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • J2subsidiary
    Equity €361,079 Profit of €3,807 in 2025 (loss of €89,516 in 2024) Checked score 96
    100%
Holdings through the years 2021 to 2025
Holdings through the years
Name20212022202320242025
J2 100%
DEJAEGHER 100%

Source: list of holdings in its own accounts

Board mandates elsewhere

2 board mandates
Board mandates of ABRAMABRAM sits on their board2
Manager
Founded in 2000 · total assets €13.6m (2025) · negative equity · group Global Merrill & Piedmont
Director
Founded in 1972 · total assets €236,727 (2025) · group Global Merrill & Piedmont

Connections & network

2 connected companies
Linked via shared directors
GLOBAL LIFE 4
via Kathleen Dewulf · Director · deed of 22-07-2024
Founded in 2016 · total assets €33.1m (2025)
→
BR CANTHUS
via Kathleen Dewulf · Director (not named in the articles) · deed of 25-06-2025
Founded in 2025
→

Timeline

Timeline

51 events since 1992

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0448162467
Annual accounts 2025 filed NBBfull format · 4 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 2 more · Beveren-Kruibeke-Zwijndrecht
2025
Weakest financial year net -€831,335 The net result drops to -€831,335, the lowest from 2007 to 2025.
Annual accounts 2024 filed PDFabbreviated format · 21 days before the deadline
2024
4 directors appointed, 4 resignationsResignations: TJAKA (managing director), EUROPEAN ESTATE MANAGEMENT, Expand BV and K-DRIVE (managing director) · Appointments: BEKE Luc Sylvain Georges (class A director), WILMS Stany Alfred, COUCKE Francis and DEWULF Kathleen · General meeting of 28-06-202414 points ▸

Open the deed in the Belgian Official Gazette

Environmental permit refused OmgevingsloketAanleg van nieuwe verkeersweg, Het reliëf van de bodem aanmerkelijk wijzigen · Provincie West-Vlaanderen
Environmental permit refused OmgevingsloketBouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 2 more · Provincie West-Vlaanderen
4 directors reappointedEuropean Estate Management NV, Expand BV, K-Drive BV (managing director) and Tjaka BV (managing director) · Permanent representatives: Wilms Stany, Coucke Francis, Dewulf Kathleen and Beke Luc · General meeting of 12-12-202312 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 14 days before the deadline
2023
Environmental permit granted OmgevingsloketBouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw of aanleggen and 3 more · Ichtegem
Highest result from 2007 to 2025 net €1.6m ▲455% The operating result of €1.8m and the net result of €1.6m are both a record.
Equity above €500,000 equity €955,226 After 2 profitable years in a row, equity reaches €955,226.
Annual accounts 2022 filed PDFabbreviated format · 26 days before the deadline
2022
Environmental permit granted OmgevingsloketHet reliëf van de bodem aanmerkelijk wijzigen · Staden
Back to profit net €287,006 The net result is €287,006, after 12 loss-making years.
Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Environmental permit granted OmgevingsloketBouwen of herbouwen · Brugge
Annual accounts 2020 filed PDFabbreviated format · 3 days before the deadline
2020
Liquidity doubles current ratio 1.48 The current ratio rises from 0.73 to 1.48. Short-term debt falls from €3.0m to €2.6m.
Annual accounts 2019 filed PDFabbreviated format · 2 days before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 78 days before the deadline
Annual accounts 2017 filed PDFmicro format · 2 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 28 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 5 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 3 days before the deadline
2014
Liquidity more than 14 times current ratio 169.52 The current ratio rises from 11.61 to 169.52. Short-term debt falls from €7,533 to €478.
2013
Annual accounts 2013 filed PDFabbreviated format · 39 days before the deadline
Annual accounts 2012 filed PDFabbreviated format · 21 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 22 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 7 days late
2010
Liquidity more than quadruples current ratio 6.98 The current ratio rises from 1.56 to 6.98. Short-term debt falls from €49,749 to €9,500.
Annual accounts 2009 filed PDFfull format · 2 days before the deadline
2008
Annual accounts 2008 filed PDFfull format · 47 days before the deadline
Back to profit net €47,629 The net result is €47,629, after one loss-making year.
Annual accounts 2007 filed PDFfull format · 14 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 40 days before the deadline
Annual accounts 2005 filed PDFfull format
2004
Annual accounts 2004 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1992
First establishment Kapellestraat 117, Oostkamp
Incorporation published on 29-09-1992

Financial milestones sit on the financial year-end date, not the filing date.

All 19 environmental permit applications

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 3 September 1992, ABRAM was incorporated.1 Total assets went from €4.3m in 2019 to €16.0m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0448.162.467
VAT number
BE 0448.162.467
Peppol ID
0208:0448162467
Legal form
Public limited company
Status
Active, normal situation
Founded
03-09-1992
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of April at 14:00
deed of 22-07-2024 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ABRAM in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-07-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 22-07-2024 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
41102 Construction of residential and non-residential buildings main activity
41101 Real estate development
41201 General construction of buildings
41202 Construction of residential and non-residential buildings
41203 Construction of residential and non-residential buildings
68100 Real estate activities
68203 Real estate rental

Registered office and establishments

1 establishment
Establishment Since Unit number
Kapellestraat 117 registered office 8020 Oostkamp 02-10-1992 2.059.054.830

Buildings and parcels at the address

Ground area
10.4 ha
Buildings
312 m²
Volume, LiDAR
2,521 m³
Tallest building
28.8 m
Buildings to scale, each on its own parcel
312 m², 28.8 m 312 m², 28.8 m

Environmental permits

19 applications in Flanders since 2018 · 9 granted · 3 refused · 1 under review
23-09-2026 Under review Aanpassen van verkeerswegen (tracéwijziging of verbreding); Het reliëf van de bodem aanmerkelijk wijzigen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Verwijderen van vrijstaande gebouwen Subdivision · project 2026083195 Provincie West-Vlaanderen
16-02-2026 Granted Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen submitted 28-04-2025 · project 2025017349 Beveren-Kruibeke-Zwijndrecht
12-02-2025 Discontinued Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen submitted 31-05-2024 · project 2024071558 Departement Omgeving
23-05-2024 Refused Aanleg van nieuwe verkeersweg; Het reliëf van de bodem aanmerkelijk wijzigen submitted 14-03-2023 · Subdivision · project 2023034511 Provincie West-Vlaanderen
23-05-2024 Refused Bouwen of herbouwen; Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen submitted 14-03-2023 · project 2023034103 Provincie West-Vlaanderen
22-05-2024 Discontinued Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen submitted 28-09-2023 · project 2023128717 Departement Omgeving
21-11-2023 Granted Bouwen of herbouwen; Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Nieuwbouw of aanleggen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen submitted 17-05-2023 · project 2023058897 Ichtegem
16-02-2023 Discontinued Bouwen of herbouwen; Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen submitted 20-01-2023 · project 2023007632 Wevelgem
13-10-2022 Granted Het reliëf van de bodem aanmerkelijk wijzigen submitted 08-07-2022 · project 2022096662 Staden
23-12-2021 Granted Bouwen of herbouwen submitted 02-06-2021 · project 2021051014 Brugge

The 10 most recent of 19 applications.

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
52 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
31403F0109/00G00010.4 ha 1 · 312 m² 28.8 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0448.162.467