ABS
ActiveSummary
ABS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,176 and a net result of -€7,727. Equity is growing by ~72.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 93 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-20
Solvency59▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.39 in 2023; short-term debt: 65.8% and cash: 45.2% of total assets), but 65.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.2%
Return on assets
-5.1%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 17-06-2025, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
43 d early
2022
20 d early
2021
26 d early
2020
145 d late
2019
392 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#10 oldest company in Flemish Brabant, Motor vehicles sector
Turnover
€98,203▼ 91.3%
2021 · €1.1m
EBIT margin
0.4%▲ 2.1pp
2021 · -1.6%
Net result
-€7,727
2023 · €6,518
Working capital
€52,176▼ 12.9%
2023 · €59,903
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€1.4m▲ 19.9%€1.1m▼ 22.4%€98,203▼ 91.3%
Operating result€61,896▲ 269%-€18,346€428€6,940▲ 1,521%-€6,406
Net result€41,617▲ 122%-€10,278-€163▲ 98.4%€6,518-€7,727
EBIT margin4.3%▲ 2.9pp-1.6%▼ 5.9pp0.4%▲ 2.1pp
Equity€20,426€10,147▼ 50.3%€9,984▼ 1.6%€59,903▲ 500%€52,176▼ 12.9%
Total assets€786,367▲ 170%€126,993▼ 83.9%€112,162▼ 11.7%€212,042▲ 89.1%€152,445▼ 28.1%
Debt€765,941▲ 174%€116,846▼ 84.7%€99,765▼ 14.6%€152,139▲ 52.5%€100,269▼ 34.1%
Working capital-€5,521▲ 75.4%€9,899€12,397▲ 25.2%€59,903▲ 383%€52,176▼ 12.9%
Staff (FTE)14.3▲ 9.2%9.8▼ 31.5%5.8▼ 40.8%6.5▲ 12.1%7▲ 7.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,406 after €6,940 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €152,445
Equity
€52,176 ▼ 12.9%
Debt
€100,269 ▼ 34.1%
Debt's share of the balance-sheet total falls from 71.7% to 65.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.52▲
2023 · 1.39
Debt to equity
1.92▼
2023 · 2.54
ROE
-14.8%▼
2023 · 10.9%
ROA
-5.1%▼
2023 · 3.1%
Debt ≤ 1 year
€100,269▼
2023 · €152,139
Income taxes
€772
Staff costs
€513,939▲
2023 · €434,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.5m | - | - | - | - |
| Turnover70 | €1.4m | €1.1m | €98,203 | - | - | - |
| Other operating income74 | - | €355,774 | - | - | - | - |
| Non-recurring operating income76A | - | €328 | - | - | - | - |
| Operating charges60/66A | - | €1.5m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €116,344 | - | - | - |
| Goods for resale, raw materials and consumables60 | - | €753,371 | - | - | - | - |
| Purchases600/8 | - | €272,080 | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | €481,291 | - | - | - | - |
| Services and other goods61 | - | €198,695 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €536,408 | €351,493 | €434,039 | €513,939 | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,123 | €3,138 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€6,093 | €8,942 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €2,412 | -€2,412 | - | - |
| Other operating charges640/8 | - | €9,761 | €2,540 | €2,003 | €896 | ▼ 55.3% |
| Non-recurring operating charges66A | - | €3,389 | - | - | - | - |
| Gross operating margin9900 | - | - | €365,816 | €440,570 | €508,430 | ▲ 15.4% |
| Operating profit (loss)9901 | €61,896 | -€18,346 | €428 | €6,940 | -€6,406 | ▼ 192% |
| Financial income75/76B | - | €3,993 | €116 | €0 | €482 | ▲ 301,019% |
| Recurring financial income75 | €338 | €3,993 | €116 | €0 | €482 | ▲ 301,019% |
| Income from financial fixed assets750 | - | €254 | - | - | - | - |
| Other financial income752/9 | - | €3,739 | - | - | - | - |
| Financial charges65/66B | - | €183 | €150 | €422 | €1,030 | ▲ 144% |
| Recurring financial charges65 | €954 | €183 | €150 | €422 | €1,030 | ▲ 144% |
| Debt charges650 | €512 | - | - | - | - | - |
| Other financial charges652/9 | - | €183 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €61,280 | -€14,536 | €394 | €6,518 | -€6,954 | ▼ 207% |
| Income taxes67/77 | €19,663 | -€4,258 | €557 | - | €772 | - |
| Taxes670/3 | - | €14,071 | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €18,329 | - | - | - | - |
| Profit (loss) for the period9904 | €41,617 | -€10,278 | -€163 | €6,518 | -€7,727 | ▼ 219% |
| Profit (loss) for the period to be appropriated9905 | €41,617 | -€10,278 | -€163 | €6,518 | -€7,727 | ▼ 219% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €786,367 | €126,993 | €112,162 | €212,042 | €152,445 | ▼ 28.1% |
| Fixed assets21/28 | €25,946 | €248 | - | - | - | - |
| Tangible fixed assets22/27 | €25,698 | - | - | - | - | - |
| Financial fixed assets28 | €248 | €248 | - | - | - | - |
| Other financial fixed assets284/8 | - | €248 | - | - | - | - |
| Shares284 | - | €248 | - | - | - | - |
| Current assets29/58 | €760,420 | €126,745 | €112,162 | €212,042 | €152,445 | ▼ 28.1% |
| Stocks and contracts in progress3 | €496,909 | €24,125 | €21,230 | - | - | - |
| Stocks30/36 | - | €24,125 | €21,230 | - | - | - |
| Goods purchased for resale34 | - | €24,125 | - | - | - | - |
| Amounts receivable within one year40/41 | €196,708 | €26,137 | €85,597 | €89,494 | €83,600 | ▼ 6.6% |
| Trade receivables40 | - | €1,400 | €61,889 | €65,778 | €82,643 | ▲ 25.6% |
| Other amounts receivable41 | - | €24,737 | €23,708 | €23,716 | €957 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €64,389 | €76,484 | €5,335 | €122,548 | €68,845 | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €786,367 | €126,993 | €112,162 | €212,042 | €152,445 | ▼ 28.1% |
| Equity10/15 | €20,426 | €10,147 | €9,984 | €59,903 | €52,176 | ▼ 12.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €9,064 | €9,064 | €9,064 | €9,064 | €9,064 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €7,204 | €7,204 | €7,204 | €7,204 | = |
| Profit (loss) carried forward14 | -€7,238 | -€17,517 | -€17,680 | -€11,162 | -€18,888 | ▼ 69.2% |
| Provisions and deferred taxes16 | - | - | €2,412 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €2,412 | - | - | - |
| Other liabilities and charges164/5 | - | - | €2,412 | - | - | - |
| Amounts payable17/49 | €765,941 | €116,846 | €99,765 | €152,139 | €100,269 | ▼ 34.1% |
| Amounts payable within one year42/48 | €765,941 | €116,846 | €99,765 | €152,139 | €100,269 | ▼ 34.1% |
| Trade debts44 | €680,864 | €77,381 | €64,522 | €43,876 | €3,913 | ▼ 91.1% |
| Suppliers440/4 | - | €77,381 | €64,522 | €43,876 | €3,913 | ▼ 91.1% |
| Taxes, remuneration and social security45 | - | €39,465 | €35,243 | €108,263 | €96,356 | ▼ 11.0% |
| Taxes450/3 | - | €705 | €705 | €67,008 | €13,454 | ▼ 79.9% |
| Remuneration and social security454/9 | - | €38,760 | €34,538 | €41,255 | €82,902 | ▲ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,617 | -€10,278 | -€163 | €6,518 | -€7,727 | ▼ 219% |
| + Depreciation and write-downs630 | €8,123 | €3,138 | - | - | - | - |
| Operating cash flow (approximation) | €49,740 | -€7,140 | -€163 | €6,518 | -€7,727 | ▼ 219% |
| Investment in fixed assets (approximation) | - | €22,560 | - | - | - | - |
| Change in cash | - | €12,094 | -€71,149 | €117,213 | -€53,703 | ▼ 146% |
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
2026
27-08
State Gazette act
Reappointment: BV RSM INTERAUDIT (statutory auditor)Permanent representative: Laurent Van der Linden3 facts ▸
State Gazette act
Reappointment: BV RSM INTERAUDIT (statutory auditor)
Permanent representative: Laurent Van der Linden3 facts ▸
- General meeting, 28-05-2026
- Auditor reappointment, BV RSM INTERAUDIT
- Permanent representative, Laurent Van der Linden (representative)
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €6,518
Net result €6,518 after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 145 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 392 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 756 days late
2020
31-12
Financial
Highest result since 2018net €41,617 ▲122%
Operating result €61,896, net result €41,617, both a record.
2019
31-12
Financial
Back to profitnet €18,781
Net result €18,781 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 307 days late
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 116 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
RSM INTERAUDIT
CurrentAuditor · since 27-08-2026 · perm. rep.: Laurent Van der Linden
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, Leuven · 5 establishment units since 2021
Ground area
4.2 ha
Building footprint
1.5 ha
Volume, LiDAR
95,451 m³
6 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
5 establishment units
ABS Leuven
since 20212.322.156.739
ABS Brugge
since 20262.389.326.764
ABS Oostende
since 20262.389.326.863
ABS Diksmuide
since 20262.389.326.962
ABS Roeselare
since 20262.389.327.061
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020A0334/00L000 | Flanders | 8,930 m² | 1 · 2,131 m² | 8.7 m · 2 fl. |
| 24514C0020/00V000 | Flanders | 8,451 m² | 1 · 4,161 m² | 8.9 m · 2 fl. |
| 36504D0374/00C000 | Flanders | 7,874 m² | 1 · 2,042 m² | 8.2 m · 2 fl. |
| 32473B0334/00D000 | Flanders | 7,249 m² | 1 · 2,494 m² | 7.6 m · 2 fl. |
| 31807I0459/00B006 | Flanders | 6,031 m² | 1 · 2,522 m² | 8.3 m · 2 fl. |
| 24514C0171/03_000 | Flanders | 3,776 m² | 1 · 1,979 m² | 15.4 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
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| RSM INTERAUDIT |
|
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Of 248 companies in sector 29201 we hold annual accounts for 120. 70 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
Founded10-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
95314Bodywork repair (including spraying and painting)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95319Other maintenance and repair of motor vehicles
46720Wholesale of motor vehicle parts and accessories
Contact
E-mail
boekhouding@gmsleuven.beLeuven
E-mail
boekhouding@gmsleuven.mercedes-benz.beLeuven
Phone
016400010Leuven
E-mail
boekhouding@geely-abs.beBrugge
Scores and ratios are computed by Checked and are not a credit decision.