Equity
ABSOLUTE@WORK paid out €570,800 in dividends. That is 1,316% of the 2025 profit.
ABSOLUTE@WORK paid out €570,800 in dividends. That is 1,316% of the 2025 profit.
€470,888 of the debts are secured on the company's own assets. In 2021 that was €386,652.
In 2025, 18,153 people joined and 17,965 left.
Three of the last ten came late. The 2022 accounts came latest: 30 days after the end of the period.
Board changed. Latest change 07-07-2026 · 2 in office.
The dashed line is the sector median: 0.3% across 70 companies (NACE 78, large).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 78, large). It does better than 27% of them on solvency, 34% on liquidity, 33% on profitability and 15% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
In July 2024, 273 companies had the same profile as ABSOLUTE@WORK has now. Each dot is one company, two years later.
That fits the bankruptcy probability of ABSOLUTE@WORK itself: 0.4% within 12 months.
The method was tested on the 497,446 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.
| 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 273 companies, not a prediction for ABSOLUTE@WORK. 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.
Liquidity is tight, with a current ratio of 1.01 (1.14 in 2024), below the usual 1.5. Short-term debt is 87% and cash 16.5% of total assets. 87.7% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| ABSOLUTE@WORK Roeselare | €20.8m | 0.9% | 12.3% | 514.5 |
| Digital Payroll Services Ghent | €31.2m | 2.4% | 6.7% | 609.5 |
| STAFFABLE BELGIE Ghent | €33.3m | 4.5% | 58.0% | 778.2 |
| FLEXTRA INTERIM Kortrijk | €22.8m | 3.0% | 25.8% | 316.5 |
| AGO CONSTRUCT Kortrijk | €18.8m | 6.0% | 36.6% | 251.2 |
| XTRA Interim Wijnegem | €15.4m | 3.8% | 26.5% | 213.7 |
| PEPS INTERIM Mons | €28.0m | 1.2% | 12.3% | 376.2 |
Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ABSOLUTE@WORK: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €3.6m and €6.9m, founded between 2003 and 2012.
ABSOLUTE@WORK has existed since 2011. Turnover grew from €15.7m in 2018 to €20.8m in 2025 and staff from 253.5 to 514.5 full-time equivalents.
Solvency fell in 2025 from 24.0% to 12.3% because of the dividend.
A.M. Group holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 25% of 315 companies in 2025.
Higher than 24% of 313 companies in 2025.
Higher than 42% of 315 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
347 men and 167.5 women in full-time equivalents in 2025.
Men €12,894, women €83,300 per full-time equivalent. Jobs differ, so this is not a pay gap.
Training hours in 2025: 570.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
Total assets20/58 |
4.7m | 4.6m | 5.1m | 4.4m | 4.3m | 12.2m | 4.7m | 3.7m | 3.2m | 2.5m | 1.6m | 1.3m | 860,120 | 447,169 | |
Formation expenses20 |
- | - | - | - | - | - | - | - | - | - | 1,519 | 3,038 | 4,557 | 6,007 | |
Fixed assets21/28 |
588,534 | 655,566 | 495,722 | 423,852 | 437,666 | 473,648 | 582,618 | 650,613 | 525,986 | 475,210 | 236,829 | 183,903 | 61,278 | 110,476 | |
Intangible fixed assets21 |
180,445 | 206,845 | 158,551 | 80,095 | 63,471 | 49,555 | 46,733 | 30,494 | 58,274 | 87,776 | 98,275 | 109,600 | 13,291 | 16,049 | |
Tangible fixed assets22/27 |
366,426 | 375,891 | 264,296 | 275,106 | 294,999 | 360,670 | 419,804 | 507,002 | 374,360 | 246,519 | 60,215 | 56,998 | 34,963 | 35,602 | |
Plant, machinery and equipment23 |
1,474 | 1,973 | 2,473 | 2,302 | 6,246 | 10,189 | 20,258 | 30,942 | 20,627 | 13,833 | 7,243 | 4,117 | 6,109 | 7,432 | |
Furniture and vehicles24 |
167,427 | 144,444 | 134,188 | 121,482 | 107,531 | 95,698 | 94,131 | 129,620 | 88,186 | 61,731 | 23,031 | 25,522 | 7,038 | 3,094 | |
Other tangible fixed assets26 |
197,525 | 229,474 | 127,636 | 151,322 | 181,223 | 235,280 | 236,641 | 225,293 | 82,362 | 26,726 | - | - | - | - | |
Financial fixed assets28 |
41,663 | 72,830 | 72,875 | 68,651 | 79,196 | 63,423 | 116,081 | 113,117 | 93,352 | 140,916 | 76,821 | 14,267 | 8,467 | 52,818 | |
Companies linked by participating interests282/3 |
- | - | - | - | - | - | 62,500 | 62,500 | - | - | - | - | - | - | |
Participating interests282 |
- | - | - | - | - | - | 62,500 | 62,500 | - | - | - | - | - | - | |
Other financial fixed assets284/8 |
41,663 | 72,830 | 72,875 | 68,651 | 79,196 | 63,423 | 53,581 | 50,617 | - | - | - | - | - | - | |
Amounts receivable and cash guarantees285/8 |
41,663 | 72,830 | 72,875 | 68,651 | 79,196 | 63,423 | 53,581 | 50,617 | - | - | - | - | - | - | |
Current assets29/58 |
4.1m | 4.0m | 4.6m | 3.9m | 3.9m | 11.8m | 4.1m | 3.1m | 2.7m | 2.1m | 1.3m | 1.1m | 798,842 | 336,693 | |
Stocks and contracts in progress3 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts receivable within one year40/41 |
3.3m | 3.2m | 3.9m | 2.9m | 2.9m | 10.7m | 3.3m | 2.4m | 2.2m | 1.8m | 1.1m | 902,437 | 654,703 | 270,701 | |
Trade receivables40 |
2.8m | 2.9m | 3.6m | 2.5m | 2.4m | 1.9m | 2.8m | 2.1m | 1.8m | 1.5m | 981,994 | 847,427 | 637,133 | 223,719 | |
Other amounts receivable41 |
570,342 | 274,957 | 283,863 | 374,713 | 424,090 | 8.8m | 554,635 | 320,411 | 317,915 | 311,943 | 117,578 | 55,010 | 17,569 | 46,982 | |
Cash at bank and in hand54/58 |
779,493 | 770,889 | 714,306 | 1.0m | 992,597 | 998,018 | 770,118 | 529,334 | 527,725 | 237,612 | 218,414 | 185,569 | 118,550 | 57,238 | |
Deferred charges and accrued income490/1 |
4,822 | 4,500 | 6,905 | 17,469 | 21,530 | 29,656 | 46,163 | 94,232 | - | 8,284 | 2,635 | 18,899 | 25,589 | 8,754 | |
| Balance sheet: equity and liabilities | |||||||||||||||
Total equity and liabilities10/49 |
4.7m | 4.6m | 5.1m | 4.4m | 4.3m | 12.2m | 4.7m | 3.7m | 3.2m | 2.5m | 1.6m | 1.3m | 860,120 | 447,169 | |
Equity10/15 |
579,270 | 1.1m | 1.1m | 873,002 | 845,971 | 1.1m | 844,096 | 822,647 | 460,598 | 199,175 | 149,959 | 146,764 | 144,930 | 11,071 | |
Contributions10/11 |
118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | |
Issued capital100 |
- | - | - | - | - | - | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | |
Reserves13 |
461,270 | 988,685 | 965,716 | 755,002 | 727,971 | 943,844 | 726,096 | 704,647 | 342,598 | 11,800 | 2,448 | 1,438 | 1,346 | - | |
Non-distributable reserves130/1 |
- | - | - | 11,800 | 11,800 | 11,800 | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | - | 11,800 | 11,800 | 11,800 | 11,800 | 2,448 | 1,438 | 1,346 | - | |
Reserves not available under the articles1311 |
- | - | - | 11,800 | 11,800 | 11,800 | - | - | - | - | - | - | - | - | |
Tax-exempt reserves132 |
- | - | - | - | 124,600 | 202,100 | 202,100 | 202,100 | 77,500 | - | - | - | - | - | |
Distributable reserves133 |
461,270 | 988,685 | 965,716 | 743,202 | 591,571 | 729,944 | 512,196 | 490,747 | 253,298 | - | - | - | - | - | |
Profit (loss) carried forward14 |
- | - | - | - | - | - | - | - | - | 69,375 | 29,512 | 27,326 | 25,583 | -106,929 | |
Amounts payable17/49 |
4.1m | 3.5m | 4.0m | 3.5m | 3.5m | 11.2m | 3.9m | 2.9m | 2.7m | 2.3m | 1.4m | 1.1m | 715,190 | 436,098 | |
Amounts payable after more than one year17 |
- | 0 | 29,947 | 145,870 | 291,653 | 413,082 | 507,648 | 156,623 | 161,967 | 1.0m | 513,499 | 199,354 | 222,863 | 184,790 | |
Financial debts170/4 |
- | 0 | 29,947 | 145,870 | 291,653 | 413,082 | 507,648 | 156,623 | 161,967 | 1.0m | 513,499 | 199,354 | 222,863 | 184,790 | |
Leasing and similar obligations172 |
- | - | - | - | - | 16,028 | 42,884 | 95,289 | - | - | - | - | - | - | |
Credit institutions173 |
- | 0 | 29,947 | 145,870 | 291,653 | 397,054 | 464,764 | 61,334 | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
4.1m | 3.5m | 3.9m | 3.3m | 3.1m | 10.8m | 3.4m | 2.7m | 2.6m | 1.3m | 890,669 | 912,178 | 433,973 | 250,427 | |
Current portion of amounts payable after more than one year42 |
0 | 29,947 | 115,922 | 145,783 | 184,957 | 202,449 | 193,869 | 70,322 | 57,835 | 130,282 | 83,073 | 87,548 | 24,249 | 7,352 | |
Financial debts43 |
470,888 | 369,444 | 439,531 | 692,569 | 251,148 | 315,747 | 366,058 | 481,980 | 566,610 | - | - | - | - | - | |
Credit institutions430/8 |
470,888 | 369,444 | 439,531 | 692,569 | 251,148 | 315,747 | 366,058 | 481,980 | 566,610 | - | - | - | - | - | |
Trade debts44 |
331,551 | 335,077 | 432,894 | 345,109 | 325,722 | 239,417 | 259,792 | 182,464 | 185,234 | 241,632 | 111,340 | 133,031 | 47,504 | 103,198 | |
Suppliers440/4 |
331,551 | 335,077 | 432,894 | 345,109 | 325,722 | 239,417 | 259,792 | 182,464 | 185,234 | 241,632 | 111,340 | 133,031 | 47,504 | 103,198 | |
Taxes, remuneration and social security45 |
2.2m | 2.1m | 2.3m | 2.1m | 2.0m | 1.4m | 1.6m | 1.5m | 1.3m | 897,842 | 474,217 | 451,057 | 291,664 | 74,286 | |
Taxes450/3 |
501,858 | 573,509 | 709,384 | 599,887 | 458,885 | 264,105 | 132,348 | 144,368 | 288,921 | 122,002 | 50,537 | 72,079 | 48,624 | 8,382 | |
Remuneration and social security454/9 |
1.7m | 1.5m | 1.6m | 1.5m | 1.6m | 1.1m | 1.5m | 1.3m | 1.0m | 775,841 | 423,681 | 378,978 | 243,039 | 65,904 | |
Other amounts payable47/48 |
1.1m | 642,932 | 638,182 | 66,515 | 354,650 | 8.6m | 917,203 | 501,437 | 467,728 | 8,494 | 222,039 | 240,542 | 70,557 | 65,591 | |
Accrued charges and deferred income492/3 |
35,412 | 36,263 | 28,046 | 30,431 | 23,111 | 11,300 | 4,322 | 4,008 | 1,495 | 6,766 | 3,323 | 32,512 | 58,354 | 881 | |
| Income statement | |||||||||||||||
Operating income70/76A |
21.6m | 24.1m | 25.7m | 21.0m | 20.1m | 15.7m | 19.5m | 16.2m | - | - | - | - | - | - | |
Turnover70 |
20.8m | 23.0m | 24.1m | 20.0m | 19.2m | 15.0m | 19.0m | 15.7m | - | - | - | - | - | - | |
Other operating income74 |
757,927 | 1.1m | 1.6m | 975,804 | 857,747 | - | - | - | - | - | - | - | - | - | |
Non-recurring operating income76A |
75,183 | 24,677 | 29,584 | 30,335 | 590 | 7,417 | - | - | - | - | - | - | - | 169 | |
Gross operating margin9900 |
- | - | - | - | - | - | - | - | 11.8m | 8.3m | 5.6m | 4.4m | 3.1m | 849,279 | |
Operating charges60/66A |
21.4m | 23.9m | 24.9m | 20.8m | 19.9m | 15.6m | 19.0m | 15.7m | - | - | - | - | - | - | |
Services and other goods61 |
2.7m | 3.1m | 3.0m | 2.4m | 2.2m | 1.7m | 1.6m | 1.2m | - | - | - | - | - | - | |
Remuneration, social security and pensions62 |
18.4m | 20.5m | 21.7m | 18.2m | 17.5m | 13.7m | 17.2m | 14.3m | 11.2m | 8.0m | 5.4m | 4.3m | 2.9m | 934,593 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
218,299 | 187,007 | 123,594 | 109,979 | 129,327 | 168,480 | 167,816 | 167,873 | 146,156 | 107,396 | 57,329 | 48,499 | 22,008 | 14,501 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
50,141 | 34,342 | 11,723 | -10,250 | -18,056 | 495 | 15,875 | -17,813 | 32,759 | 14,891 | 21,379 | - | - | - | |
Other operating charges640/8 |
24,194 | 21,284 | 47,282 | 32,926 | 68,304 | 37,651 | 30,858 | 42,126 | 25,772 | 40,376 | 7,608 | 10,453 | 2,577 | 3,584 | |
Non-recurring operating charges66A |
19,231 | 23,076 | 8,380 | 67,215 | 37,651 | 1,813 | 2,934 | 14,187 | 660 | 30,501 | 968 | 14,836 | - | - | |
Operating profit (loss)9901 |
186,221 | 249,330 | 835,760 | 176,480 | 232,490 | 69,347 | 446,778 | 492,500 | 424,882 | 113,907 | 34,202 | 43,735 | 164,561 | -103,399 | |
Financial income75/76B |
31,764 | 30,398 | 21,362 | 15,626 | 15,183 | 8.9m | 286,549 | 90,096 | 28,485 | 7,238 | 2,012 | 7,390 | 1 | 845 | |
Recurring financial income75 |
31,764 | 30,398 | 21,362 | 15,626 | 15,183 | 684,531 | 286,549 | 90,096 | 28,485 | 7,238 | 2,012 | 7,390 | 1 | 845 | |
Income from financial fixed assets750 |
- | - | - | - | 3 | 650,000 | 250,000 | 75,000 | - | - | - | - | - | - | |
Income from current assets751 |
31,764 | 29,964 | 21,283 | 11,859 | 11,310 | 32,612 | 27,499 | 14,307 | - | - | - | - | - | - | |
Other financial income752/9 |
0 | 434 | 79 | 3,768 | 3,870 | 1,919 | 9,050 | 789 | - | - | - | - | - | - | |
Non-recurring financial income76B |
- | - | - | - | - | 8.2m | - | - | - | - | - | - | - | - | |
Financial charges65/66B |
107,442 | 108,276 | 83,268 | 24,478 | 18,070 | 25,421 | 30,979 | 32,840 | 26,944 | 24,664 | 14,417 | 24,269 | 6,930 | 4,541 | |
Recurring financial charges65 |
107,442 | 108,276 | 83,268 | 24,478 | 18,070 | 25,421 | 30,979 | 32,840 | 26,944 | 24,664 | 14,417 | 24,269 | 6,930 | 4,541 | |
Debt charges650 |
97,153 | 99,880 | 70,377 | 16,231 | 14,917 | 18,092 | 27,319 | 30,907 | - | - | - | - | - | - | |
Other financial charges652/9 |
10,289 | 8,396 | 12,892 | 8,247 | 3,153 | 7,329 | 3,660 | 1,933 | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
110,544 | 171,452 | 773,854 | 167,629 | 229,602 | 8.9m | 702,348 | 549,756 | 426,423 | 96,481 | 20,829 | 12,020 | 157,631 | -106,926 | |
Income taxes67/77 |
67,159 | 98,483 | 257,762 | 80,598 | 95,475 | 48,083 | 164,029 | 172,707 | 165,000 | 47,266 | 17,633 | 10,187 | 23,772 | 3 | |
Taxes670/3 |
67,159 | 98,483 | 258,000 | 120,000 | 120,475 | 48,083 | 175,001 | 172,707 | - | - | - | - | - | - | |
Tax adjustments and reversals of tax provisions77 |
- | 0 | 238 | 39,402 | 25,000 | - | 10,972 | - | - | - | - | - | - | - | |
Profit (loss) for the period9904 |
43,385 | 72,969 | 516,092 | 87,031 | 134,127 | 8.9m | 538,319 | 377,049 | 261,423 | 49,215 | 3,196 | 1,834 | 133,859 | -106,929 | |
Transfer from tax-exempt reserves789 |
- | - | - | 124,600 | 77,500 | - | - | - | - | - | - | - | - | - | |
Transfer to tax-exempt reserves689 |
- | - | - | - | - | - | - | 124,600 | 77,500 | - | - | - | - | - | |
Profit (loss) for the period to be appropriated9905 |
43,385 | 72,969 | 516,092 | 211,631 | 211,627 | 8.9m | 538,319 | 252,449 | 183,923 | 49,215 | 3,196 | 1,834 | 133,859 | -106,929 | |
| Appropriation of the result | |||||||||||||||
Profit (loss) to be appropriated9906 |
43,385 | 72,969 | 516,092 | 211,631 | 211,627 | 8.9m | 538,319 | 252,449 | 253,298 | 78,727 | 30,521 | 27,417 | 26,930 | -106,929 | |
Transfer from equity791/2 |
527,415 | - | - | - | 138,373 | - | - | - | - | - | - | - | - | - | |
From reserves792 |
527,415 | - | - | - | 138,373 | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
0 | 22,969 | 210,714 | 151,631 | - | 217,748 | 21,449 | 237,449 | 253,298 | 9,352 | 1,010 | 92 | 1,346 | - | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | 9,352 | 1,010 | 92 | 1,346 | - | |
To other reserves6921 |
0 | 22,969 | 210,714 | 151,631 | - | 217,748 | 21,449 | 237,449 | 253,298 | - | - | - | - | - | |
Profit to be distributed694/7 |
570,800 | 50,000 | 305,378 | 60,000 | 350,000 | 8.6m | 516,870 | 15,000 | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
570,800 | 50,000 | 305,378 | 60,000 | 350,000 | 8.6m | 513,720 | - | - | - | - | - | - | - | |
Directors or managers695 |
- | - | - | - | - | - | 3,150 | 15,000 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
Average staff (FTE)9087 |
514.5 | 309.6 | 361.5 | 335.1 | 269 | 248.3 | 275.7 | 253.5 | 201.8 | 129.5 | 83 | 96.4 | 46.8 | 16.7 | |
Men (FTE)1003 |
347 | 192.3 | 224 | 203.6 | 194.9 | 184.1 | 181.7 | 178.8 | - | - | - | - | - | - | |
Women (FTE)1003 |
167.5 | 117.3 | 137.5 | 131.5 | 74.1 | 64.2 | 94 | 74.7 | - | - | - | - | - | - | |
Hours worked1013 |
596,009 | 651,240 | 720,435 | 674,952 | 680,715 | 536,562 | 722,326 | 592,175 | 472,465 | 354,471 | 232,569 | 185,218 | 127,104 | 43,175 | |
| Document | |||||||||||||||
The notes to these accounts have 74 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 19-08-2026.
2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407541.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-08-2026 | 2026-00407541 | |
| 31-12-2024 | full format | 15-07-2025 | 2025-00286017 | |
| 31-12-2023 | full format | 19-07-2024 | 2024-00264725 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00381834 | |
| 31-12-2021 | full format | 08-07-2022 | 2022-20176173 | |
| 31-12-2020 | full format | 26-07-2021 | 2021-39900293 | |
| 31-12-2019 | full format | 24-07-2020 | 2020-33700117 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-37500247 | |
| 31-12-2017 | abbreviated format | 17-07-2018 | 2018-34200531 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47000341 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-48200017 | |
| 31-12-2014 | abbreviated format | 26-08-2015 | 2015-46600085 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-53200105 | |
| 31-12-2012 | abbreviated format | 31-08-2013 | 2013-56100191 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €8,818 | €8,818 |
| 2023 | 3 | €8,152 | €8,935 |
| 2022 | 3 | €39,260 | €39,260 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 404,520 | 436,337 | 959,354 | 286,460 | 361,817 | 237,827 | 614,594 | 660,373 | 571,038 | 221,304 | 91,531 | 92,234 | 186,569 | -88,898 | |
| Cash flow | 261,684 | 259,975 | 639,686 | 197,010 | 263,454 | 9.0m | 706,135 | 544,922 | 407,579 | 156,612 | 60,524 | 50,332 | 155,867 | -92,428 | |
| Investment in fixed assets | 274,166 | 396,377 | 223,705 | 115,546 | 113,730 | 117,248 | 99,184 | 280,458 | 261,092 | 355,255 | 111,274 | 190,132 | 17,161 | 117,382 | |
| Change in cash | 8,603 | 56,583 | -325,712 | 47,421 | -5,421 | 227,900 | 240,784 | 1,609 | 290,113 | 19,199 | 32,845 | 67,019 | 61,312 | - | |
| Working capital | 26,149 | 487,382 | 645,987 | 625,451 | 723,069 | 1.0m | 773,448 | 332,665 | 98,074 | 780,326 | 429,952 | 194,727 | 364,869 | 86,266 | |
| EBIT margin | 0.9% | 1.1% | 3.5% | 0.9% | 1.2% | 0.5% | 2.3% | 3.1% | - | - | - | - | - | - | |
| Solvency | 12.3% | 24.0% | 21.3% | 20.0% | 19.6% | 8.7% | 17.8% | 22.2% | 14.4% | 7.9% | 9.6% | 11.4% | 16.8% | 2.5% | |
| Current ratio | 1.01 | 1.14 | 1.16 | 1.19 | 1.23 | 1.09 | 1.23 | 1.12 | 1.04 | 1.61 | 1.48 | 1.21 | 1.84 | 1.34 | |
| Debt to equity | 7.14 | 3.17 | 3.69 | 4.00 | 4.09 | 10.53 | 4.61 | 3.51 | 5.97 | 11.72 | 9.39 | 7.80 | 4.93 | 39.39 | |
| ROE | 7.5% | 6.6% | 47.6% | 10.0% | 15.9% | 833.7% | 63.8% | 45.8% | 56.8% | 24.7% | 2.1% | 1.2% | 92.4% | -965.9% | |
| ROA | 0.9% | 1.6% | 10.2% | 2.0% | 3.1% | 72.3% | 11.4% | 10.2% | 8.1% | 1.9% | 0.2% | 0.1% | 15.6% | -23.9% | |
| Interest coverage | 4.16 | 4.37 | 13.63 | 17.65 | 24.25 | 13.15 | 22.50 | 21.37 | - | - | - | - | - | - | |
| Customer credit | 49 days | 46 days | 54 days | 46 days | 46 days | 46 days | 53 days | 49 days | - | - | - | - | - | - | |
| Supplier credit | 45 days | 40 days | 52 days | 52 days | 55 days | 51 days | 58 days | 54 days | - | - | - | - | - | - |
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.
Source: 2025 accounts, page 22, filing 2026-00407541
Source: 2020 accounts, page 18, filing 2021-39900293
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 282 | 317 | 130 | 143 | 316 |
| full-time | 33 | 281 | 105 | 113 | 226 |
| part-time | 249 | 36 | 25 | 30 | 90 |
| in full-time equivalents | 274.5 | 303.7 | 123.5 | 134.3 | 302 |
| Average over the year, in full-time equivalents | 514.5 | 309.6 | 361.5 | 335.1 | 269 |
| On a permanent contract | 43 | 83 | 87 | 90 | 39 |
| Joined | 18,153 | 26,950 | 30,309 | 30,959 | 30,484 |
| Left | 17,965 | 26,763 | 30,322 | 31,171 | 30,406 |
| Training hours | 570 | 125 | 1,984 | 3,262 | 2,636 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €470,888 | - | €458,655 | €663,790 | €386,652 |
| Pledge on the business | €2.2m | €2.2m | €3.3m | €1.7m | €50,000 |
| Mandates to pledge the business | - | - | - | - | €500,000 |
| Guarantees given for others' debts | - | - | - | €1.1m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €176,407 | €246,292 | €97,960 | €67,407 | €79,986 |
| Intangible fixed assets | €97,758 | €150,084 | €125,744 | €48,139 | €33,744 |
| Depreciation and write-downs of the year | €218,299 | €187,007 | €123,594 | €109,979 | €129,327 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €9,959 | €9,120 | €8,856 | €8,328 | €7,589 |
| Other work by the auditor | €1,200 | - | - | - | €813 |
| Work by persons linked to the auditor | - | - | €350 | €450 | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 25% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 76.0% to 87.7%. Equity is lower and debt is higher.
Deed of 21-10-2026New statutory auditorVGD BEDRIJFSREVISOREN appointed, Van Havermaet bedrijfsrevisoren BV resigned · Permanent representatives: Nathalie Bogaerts and Tina Burm · General meeting of 30-06-2026
Further up the chainA.M. HOLDING 100%TRIXXO JOBS 76%MEDIATIC + 93%
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 2019 accounts. Every holding stands with its own latest accounts.
Part of the group MEDIATIC + Group, risk and exposure| ABSOLUTEYOU
establishment since 24-05-2019 · founded in 2019 · group MEDIATIC + |
3,601 FTE (2025) 0727.460.507 |
| A.M. HOLDING
registered office since 24-12-2024 · founded in 2024 · group MEDIATIC + |
total assets €43.1m (2025) 1017.902.261 |
| A.M. Group
registered office since 09-07-2019 · founded in 2019 · group MEDIATIC + |
4.9 FTE (2025) 0729.944.695 |
| Flandrien Capital
registered office since 17-12-2024 · founded in 2024 |
total assets €13.4m (2025) 1017.519.508 |
| MAXICON
registered office since 09-11-2015 · founded in 2015 · group MEDIATIC + |
81 FTE (2025) 0642.741.301 |
| ABSOLUTE@CONSTRUCT
registered office since 01-07-2014 · founded in 2011 · group MEDIATIC + |
26 FTE (2025) 0840.926.454 |
| Maxicon Engineering
registered office since 26-05-2023 · founded in 2023 · group MEDIATIC + |
20 FTE (2025) 0802.134.075 |
| MAXICON SKILLS
registered office since 24-08-2022 · founded in 2022 · group MEDIATIC + |
14 FTE (2025) 0789.941.967 |
| MAXICON RETAIL
registered office since 21-03-2018 · founded in 2018 · group MEDIATIC + |
14 FTE (2025) 0692.747.274 |
| LOCUINTA
registered office since 19-09-2012 · founded in 2012 · negative equity (2025) · group MEDIATIC + |
total assets €467,194 (2025) 0848.353.288 |
| NANNIC FINANCE via NICKELSON, at ABSOLUTE@WORK until 2026 · Director (not named in the articles) · deed of 08-02-2024 founded in 2011 · negative equity (2025) |
total assets €2.6m (2025) |
| NANNIC INT via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 14-12-2023 founded in 2001 · negative equity (2025) |
7.7 FTE (2025) |
| Chateau Ter Bosch via NICKELSON, at ABSOLUTE@WORK until 2026 · Director (not named in the articles) · deed of 23-09-2022 founded in 2022 · negative equity (2025) |
total assets €559,331 (2025) |
| TRIXXO JOBS via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 22-11-2021 founded in 2007 · group MEDIATIC + |
1,307 FTE (2025) |
| A.M. HOLDING via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 30-12-2024 founded in 2024 · group MEDIATIC + |
total assets €43.1m (2025) |
| ECOBETON WATER TECHNOLOGIES via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 05-11-2021 founded in 1980 · group MAN@THEWHEEL |
60 FTE (2025) |
| GLOBAL TALENTS CONNECT via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 13-05-2024 founded in 2024 |
total assets €2.9m (2025) |
| TV LIMBURG via NICKELSON, at ABSOLUTE@WORK until 2026 · Director (not named in the articles) · deed of 26-02-2024 founded in 2024 |
6.7 FTE (2025) |
| SCIN via NICKELSON, at ABSOLUTE@WORK until 2026 · Director · deed of 03-11-2023 founded in 2023 |
total assets €1.0m (2025) |
| CURA via NICKELSON, at ABSOLUTE@WORK until 2026 · Director (not named in the articles) · deed of 29-09-2023 founded in 2023 |
total assets €836,226 (2025) |
| Kleiveld via NICKELSON, at ABSOLUTE@WORK until 2026 · Director (not named in the articles) · deed of 22-05-2026 founded in 2012 |
total assets €6,284 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gistelse Steenweg 1 8200 Bruges | 15-11-2011 | 2.203.946.995 |
| Onledebeekstraat 15 registered office 8800 Roeselare | 01-07-2014 | 2.232.985.233 |
| Iepersestraat 34 8800 Roeselare | 01-10-2015 | 2.245.672.041 |
| Meensesteenweg 385-389 8500 Kortrijk | 01-09-2016 | 2.255.625.924 |
| Poststraat 1 8400 Ostend | 01-12-2017 | 2.271.322.997 |
| Zeelaan 7 9900 Eeklo | 15-09-2018 | 2.279.281.353 |
| Hundelgemsesteenweg 147 9050 Ghent | 11-05-2020 | 2.301.282.636 |
| 05-03-2019 | Granted | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 06-12-2018 · project 2018149136 | Diksmuide |
| 29-08-2018 | Refused | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 06-06-2018 · project 2018069130 | Diksmuide |
| 25-06-2018 | Granted | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 28-05-2018 · project 2018056538 | Ieper |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36505A0853/00A000 | 4,967 m² | 1 · 1,450 m² | 0.0 m |
| 31027D0380/00D002 | 473 m² | 1 · 360 m² | 20.8 m · 5 |
| 36503C1509/00G000 | 246 m² | 1 · 108 m² | 15.9 m · 5 |
| 44032A0507/00A000 | 241 m² | 1 · 98 m² | 9.5 m · 1 |
| 35013A1014/00M000 | 125 m² | 1 · 124 m² | 23.1 m · 7 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.