ABSORB
ActiveSummary
ABSORB has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €3,040. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+17
Solvency85▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.46 in 2024; short-term debt: 37.9% and cash: 0.9% of total assets), and 39.8% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
60.2%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
on the day
2023
1 d early
2022
71 d late
2021
79 d late
2020
61 d late
2019
97 d late
← 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 45 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 employer in East Flanders, Rental and leasing sector
Equity
€1.3m▲ 0.2%
2024 · €1.3m
Total assets
€2.1m▼ 8.6%
2024 · €2.3m
Net result
€3,040
2024 · -€41,138
Working capital
€500,862▲ 12.9%
2024 · €443,681
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
Line20212022202320242025
Operating result€162,037▲ 88.2%€236,578▲ 46.0%€110,399▼ 53.3%-€21,128€8,652
Net result€64,579▲ 21.5%€191,694▲ 197%€69,635▼ 63.7%-€41,138€3,040
Equity€1.1m▲ 6.5%€1.2m▲ 18.2%€1.3m▲ 5.6%€1.3m▼ 3.1%€1.3m▲ 0.2%
Total assets€2.2m▲ 3.0%€2.4m▲ 10.2%€2.4m▲ 2.1%€2.3m▼ 5.3%€2.1m▼ 8.6%
Debt€1.1m=€1.2m▲ 2.7%€1.1m▼ 1.6%€1.0m▼ 7.8%€843,410▼ 19.4%
Working capital€269,415▲ 68.2%€388,454▲ 44.2%€475,126▲ 22.3%€443,681▼ 6.6%€500,862▲ 12.9%
Staff (FTE)36.4=36.4=36.4=33.7▼ 7.4%33.6▼ 0.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,652 after a loss of €21,128 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€815,047 ▼ 11.4%
Current assets
€1.3m ▼ 6.8%
Equity and liabilities €2.1m
Equity
€1.3m ▲ 0.2%
Debt
€843,410 ▼ 19.4%
Debt's share of the balance-sheet total falls from 45.1% to 39.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127,927▲
2024 · €106,124
Cash flow
€122,315▲
2024 · €86,114
Current ratio
1.62▲
2024 · 1.46
Quick ratio
1.61▲
2024 · 1.45
Debt to equity
0.66▼
2024 · 0.82
ROE
0.2%▲
2024 · -3.2%
ROA
0.1%▲
2024 · -1.8%
Interest coverage
4.33▲
2024 · 2.62
Debt ≤ 1 year
€803,761▼
2024 · €955,831
Debt > 1 year
€25,181▼
2024 · €70,731
Income taxes
€1,901▼
2024 · €4,272
Staff costs
€1.6m▼
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €496 | €25,273 | €250 | €0 | - | - |
| Remuneration, social security and pensions62 | €1.4m | €1.5m | €1.6m | €1.6m | €1.6m | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,461 | €84,228 | €130,261 | €127,252 | €119,275 | ▼ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€6,553 | €5,350 | €20,002 | €640 | €2,129 | ▲ 233% |
| Other operating charges640/8 | €29,558 | €20,572 | €54,766 | €84,307 | €61,488 | ▼ 27.1% |
| Non-recurring operating charges66A | €44,400 | €0 | - | - | €2,364 | - |
| Gross operating margin9900 | €1.7m | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 0.5% |
| Operating profit (loss)9901 | €162,037 | €236,578 | €110,399 | -€21,128 | €8,652 | ▲ 141% |
| Financial income75/76B | €3,288 | €24,519 | €26,847 | €24,823 | €25,860 | ▲ 4.2% |
| Recurring financial income75 | €3,288 | €24,519 | €26,847 | €24,823 | €25,860 | ▲ 4.2% |
| Financial charges65/66B | €24,698 | €29,043 | €38,304 | €40,561 | €29,571 | ▼ 27.1% |
| Recurring financial charges65 | €24,698 | €29,043 | €38,304 | €40,561 | €29,571 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €140,628 | €232,053 | €98,942 | -€36,866 | €4,941 | ▲ 113% |
| Income taxes67/77 | €76,048 | €40,360 | €29,307 | €4,272 | €1,901 | ▼ 55.5% |
| Profit (loss) for the period9904 | €64,579 | €191,694 | €69,635 | -€41,138 | €3,040 | ▲ 107% |
| Transfer from tax-exempt reserves789 | €83,092 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €147,671 | €191,694 | €69,635 | -€41,138 | €3,040 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.4m | €2.4m | €2.3m | €2.1m | ▼ 8.6% |
| Fixed assets21/28 | €884,970 | €1.1m | €1.0m | €919,902 | €815,047 | ▼ 11.4% |
| Tangible fixed assets22/27 | €884,970 | €1.1m | €1.0m | €919,902 | €815,047 | ▼ 11.4% |
| Land and buildings22 | €699,590 | €679,765 | €668,628 | €672,640 | €670,133 | ▼ 0.4% |
| Plant, machinery and equipment23 | €53,713 | €75,328 | €54,948 | €40,320 | €20,577 | ▼ 49.0% |
| Furniture and vehicles24 | €5,651 | €5,034 | €3,300 | €3,788 | €50,799 | ▲ 1,241% |
| Leasing and similar rights25 | €126,016 | €350,781 | €286,785 | €203,154 | €73,539 | ▼ 63.8% |
| Current assets29/58 | €1.3m | €1.3m | €1.4m | €1.4m | €1.3m | ▼ 6.8% |
| Stocks and contracts in progress3 | €9,209 | €11,603 | €13,802 | €13,431 | €9,378 | ▼ 30.2% |
| Stocks30/36 | €9,209 | €11,603 | €13,802 | €13,431 | €9,378 | ▼ 30.2% |
| Amounts receivable within one year40/41 | €1.2m | €1.2m | €1.4m | €1.3m | €1.2m | ▼ 7.3% |
| Trade receivables40 | €849,988 | €689,898 | €531,082 | €449,318 | €310,977 | ▼ 30.8% |
| Other amounts receivable41 | €397,662 | €541,711 | €835,029 | €890,449 | €930,765 | ▲ 4.5% |
| Cash at bank and in hand54/58 | €30,408 | €27,679 | €31,986 | €16,453 | €18,762 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | €4,311 | €16,461 | €23,572 | €29,861 | €34,741 | ▲ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.4m | €2.4m | €2.3m | €2.1m | ▼ 8.6% |
| Equity10/15 | €1.1m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.2% |
| Contributions10/11 | €257,992 | €257,992 | €257,992 | €257,992 | €257,992 | = |
| Reserves13 | €795,038 | €986,731 | €1.1m | €1.0m | €1.0m | ▲ 0.3% |
| Non-distributable reserves130/1 | €25,799 | €25,799 | €0 | - | - | - |
| Reserves not available under the articles1311 | €25,799 | €25,799 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €769,239 | €960,932 | €1.1m | €1.0m | €1.0m | ▲ 0.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.2m | €1.1m | €1.0m | €843,410 | ▼ 19.4% |
| Amounts payable after more than one year17 | €89,137 | €242,751 | €159,041 | €70,731 | €25,181 | ▼ 64.4% |
| Financial debts170/4 | €89,137 | €242,751 | €159,041 | €70,731 | €25,181 | ▼ 64.4% |
| Amounts payable within one year42/48 | €1.0m | €898,899 | €960,346 | €955,831 | €803,761 | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | €100,407 | €136,076 | €207,546 | €173,639 | €122,202 | ▼ 29.6% |
| Financial debts43 | €102,317 | €50,000 | €58,568 | €60,131 | €45,420 | ▼ 24.5% |
| Credit institutions430/8 | €102,317 | €50,000 | €58,568 | €60,131 | €45,420 | ▼ 24.5% |
| Trade debts44 | €241,577 | €114,102 | €178,783 | €250,052 | €183,389 | ▼ 26.7% |
| Suppliers440/4 | €241,577 | €114,102 | €178,783 | €250,052 | €183,389 | ▼ 26.7% |
| Advances received on contracts in progress46 | €28 | €0 | €5,360 | €0 | - | - |
| Taxes, remuneration and social security45 | €279,770 | €309,812 | €243,507 | €236,998 | €231,920 | ▼ 2.1% |
| Taxes450/3 | €64,708 | €99,105 | €48,164 | €18,858 | €35,105 | ▲ 86.2% |
| Remuneration and social security454/9 | €215,062 | €210,707 | €195,343 | €218,140 | €196,815 | ▼ 9.8% |
| Other amounts payable47/48 | €298,064 | €288,909 | €266,581 | €235,011 | €220,831 | ▼ 6.0% |
| Accrued charges and deferred income492/3 | €12,217 | €11,888 | €15,388 | €19,632 | €14,468 | ▼ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,579 | €191,694 | €69,635 | -€41,138 | €3,040 | ▲ 107% |
| + Depreciation and write-downs630 | €99,461 | €84,228 | €130,261 | €127,252 | €119,275 | ▼ 6.3% |
| Operating cash flow (approximation) | €164,041 | €275,921 | €199,897 | €86,114 | €122,315 | ▲ 42.0% |
| Investment in fixed assets (approximation) | - | -€310,167 | -€33,014 | -€33,494 | -€14,420 | ▲ 56.9% |
| Change in cash | - | -€2,729 | €4,307 | -€15,533 | €2,308 | ▲ 115% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Back to profitnet €3,040
Net result €3,040 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Highest result since 2018net €191,694 ▲197%
Operating result €236,578, net result €191,694, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
31-12
Financial
Equity above €1mEq €1.1m ▲6.5%
2 profitable years in a row build equity to €1.1m.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Back to profitnet €53,137
Net result €53,137 after one loss-making year.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 97 days late
2019
31-12
Financial
Weakest financial yearnet -€97,502
Net result drops to -€97,502, the lowest in the series; recovery starts the following year.
Show earlier events
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 2 establishment units since 1992
Ground area
5,396 m²
Building footprint
867 m²
Volume, LiDAR
7,028 m³
2 parcels, Flanders · tallest building 22.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Brusselsesteenweg 261, 9050 Gent
since 19922.057.030.993
Buntstraat
since 20172.265.242.978
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E1499/00_000 | Flanders | 4,885 m² | 1 · 712 m² | 8.8 m · 3 fl. |
| 44362B0242/00H003 | Flanders | 511 m² | 1 · 154 m² | 22.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,489 EUR awarded · 2,739 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 750 EUR | 0 EUR |
| 2022 | 1 | 2,739 EUR | 2,739 EUR |
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Of 1,187 companies in sector 77399 we hold annual accounts for 711. 443 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
Founded14-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.