ABSORMAT
ActiveSummary
ABSORMAT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,843 and a net result of -€43,430. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 1535 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-92
Solvency99▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 2.55 in 2024; short-term debt: 18.2% and cash: 10.9% of total assets), and 25.5% 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 →
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 2025Solvency, return and age of the figures
Solvency
74.5%
Return on assets
-25.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
71 d early
2023
56 d early
2022
61 d early
2021
45 d early
2020
46 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 56 days before 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. Usually files around 3 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€124,843▼ 25.8%
2024 · €168,272
Total assets
€167,686▼ 25.1%
2024 · €223,984
Net result
-€43,430
2024 · €41,402
Working capital
€10,607▼ 81.0%
2024 · €55,832
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,259▼ 84.2%€17,838▲ 239%€52,574▲ 195%€58,384▲ 11.1%-€42,848
Net result€2,050within the sector's middle half▼ 93.6%€13,796within the sector's middle half▲ 573%€38,309above the sector's middle half▲ 178%€41,402above the sector's middle half▲ 8.1%-€43,430below the sector's middle half
Equity€85,766within the sector's middle half▲ 2.4%€99,562within the sector's middle half▲ 16.1%€126,871within the sector's middle half▲ 27.4%€168,272within the sector's middle half▲ 32.6%€124,843within the sector's middle half▼ 25.8%
Total assets€213,624within the sector's middle half▼ 5.1%€209,596within the sector's middle half▼ 1.9%€206,775within the sector's middle half▼ 1.3%€223,984within the sector's middle half▲ 8.3%€167,686within the sector's middle half▼ 25.1%
Debt€127,858▼ 9.5%€110,034▼ 13.9%€79,904▼ 27.4%€55,712▼ 30.3%€42,843▼ 23.1%
Working capital-€49,483within the sector's middle half▲ 18.3%-€32,310within the sector's middle half▲ 34.7%€8,234within the sector's middle half€55,832within the sector's middle half▲ 578%€10,607within the sector's middle half▼ 81.0%
Solvency40.1%within the sector's middle half▲ 2.9pp47.5%within the sector's middle half▲ 7.4pp61.4%above the sector's middle half▲ 13.9pp75.1%above the sector's middle half▲ 13.8pp74.5%above the sector's middle half▼ 0.7pp
Current ratio0.44below the sector's middle half▲ 0.080.58within the sector's middle half▲ 0.141.15within the sector's middle half▲ 0.572.55above the sector's middle half▲ 1.401.35within the sector's middle half▼ 1.20
Return on assets (ROA)1.0%within the sector's middle half▼ 13.3pp6.6%within the sector's middle half▲ 5.6pp18.5%above the sector's middle half▲ 11.9pp18.5%above the sector's middle half=-25.9%below the sector's middle half▼ 44.4pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42,848 after €58,384 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,803
Fixed assets
€114,715 ▼ 13.2%
Current assets
€41,087 ▼ 55.3%
Equity and liabilities €167,686
Equity
€124,843 ▼ 25.8%
Debt
€42,843 ▼ 23.1%
Debt's share of the balance-sheet total rises from 24.9% to 25.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€22,280▼
2024 · €78,156
Cash flow
-€22,862▼
2024 · €61,173
Debt to equity
0.34▲
2024 · 0.33
ROE
-34.8%▼
2024 · 24.6%
Interest coverage
-23.73▼
2024 · 75.71
Debt ≤ 1 year
€30,480▼
2024 · €36,012
Debt > 1 year
€11,095▼
2024 · €18,234
Income taxes
-€89▼
2024 · €16,685
Staff costs
€32,200▲
2024 · €31,954
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,313 | €31,692 | €34,766 | €31,954 | €32,200 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,588 | €24,164 | €19,979 | €19,772 | €20,567 | ▲ 4.0% |
| Other operating charges640/8 | €1,769 | €1,388 | €2,498 | €2,158 | €2,029 | ▼ 6.0% |
| Gross operating margin9900 | €61,929 | €75,082 | €109,818 | €112,268 | €11,948 | ▼ 89.4% |
| Operating profit (loss)9901 | €5,259 | €17,838 | €52,574 | €58,384 | -€42,848 | ▼ 173% |
| Financial income75/76B | €100 | €155 | €304 | €735 | €268 | ▼ 63.5% |
| Recurring financial income75 | €100 | €155 | €162 | €735 | €268 | ▼ 63.5% |
| Non-recurring financial income76B | - | - | €142 | €735 | - | - |
| Financial charges65/66B | €1,610 | €1,427 | €1,226 | €1,032 | €939 | ▼ 9.0% |
| Recurring financial charges65 | €1,610 | €1,427 | €1,226 | €1,032 | €939 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €3,749 | €16,567 | €51,653 | €58,087 | -€43,519 | ▼ 175% |
| Income taxes67/77 | €1,699 | €2,771 | €13,344 | €16,685 | -€89 | ▼ 101% |
| Profit (loss) for the period9904 | €2,050 | €13,796 | €38,309 | €41,402 | -€43,430 | ▼ 205% |
| Profit (loss) for the period to be appropriated9905 | €2,050 | €13,796 | €38,309 | €41,402 | -€43,430 | ▼ 205% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,624 | €209,596 | €206,775 | €223,984 | €167,686 | ▼ 25.1% |
| Formation expenses20 | - | - | - | - | €11,883 | - |
| Fixed assets21/28 | €174,977 | €165,052 | €145,073 | €132,140 | €114,715 | ▼ 13.2% |
| Tangible fixed assets22/27 | €174,977 | €165,052 | €145,073 | €132,140 | €114,715 | ▼ 13.2% |
| Land and buildings22 | €104,669 | €107,573 | €97,694 | €94,060 | €83,497 | ▼ 11.2% |
| Plant, machinery and equipment23 | €62,241 | €54,111 | €45,982 | €37,852 | €29,723 | ▼ 21.5% |
| Furniture and vehicles24 | €4,167 | - | - | - | €1,099 | - |
| Other tangible fixed assets26 | €3,901 | €3,368 | €1,397 | €228 | €396 | ▲ 74.1% |
| Current assets29/58 | €38,648 | €44,543 | €61,702 | €91,844 | €41,087 | ▼ 55.3% |
| Amounts receivable within one year40/41 | €27,592 | €30,722 | €42,797 | €47,928 | €22,146 | ▼ 53.8% |
| Trade receivables40 | €27,592 | €30,722 | €42,797 | €47,922 | €17,015 | ▼ 64.5% |
| Other amounts receivable41 | - | - | - | €6 | €5,131 | ▲ 81,476% |
| Cash at bank and in hand54/58 | €9,017 | €11,664 | €18,905 | €43,815 | €18,227 | ▼ 58.4% |
| Deferred charges and accrued income490/1 | €2,039 | €2,157 | - | €100 | €714 | ▲ 614% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,624 | €209,596 | €206,775 | €223,984 | €167,686 | ▼ 25.1% |
| Equity10/15 | €85,766 | €99,562 | €126,871 | €168,272 | €124,843 | ▼ 25.8% |
| Contributions10/11 | €84,284 | €84,284 | - | - | - | - |
| Capital10 | €84,284 | €84,284 | - | - | - | - |
| Issued capital100 | €84,284 | €84,284 | - | - | - | - |
| Reserves13 | €1,482 | €2,172 | €126,871 | €146,871 | €124,843 | ▼ 15.0% |
| Non-distributable reserves130/1 | €1,482 | €2,172 | - | - | - | - |
| Legal reserve130 | €1,482 | €2,172 | - | - | - | - |
| Distributable reserves133 | - | - | €126,871 | €146,871 | €124,843 | ▼ 15.0% |
| Profit (loss) carried forward14 | - | €13,106 | €0 | €21,402 | - | - |
| Amounts payable17/49 | €127,858 | €110,034 | €79,904 | €55,712 | €42,843 | ▼ 23.1% |
| Amounts payable after more than one year17 | €38,471 | €31,916 | €25,172 | €18,234 | €11,095 | ▼ 39.1% |
| Financial debts170/4 | €38,471 | €31,916 | €25,172 | €18,234 | €11,095 | ▼ 39.1% |
| Amounts payable within one year42/48 | €88,130 | €76,854 | €53,468 | €36,012 | €30,480 | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | €6,371 | €6,555 | €6,744 | €6,938 | €7,138 | ▲ 2.9% |
| Trade debts44 | €1,568 | €2,114 | €874 | €1,468 | €2,640 | ▲ 79.8% |
| Suppliers440/4 | €1,568 | €2,114 | €874 | €1,468 | €2,640 | ▲ 79.8% |
| Taxes, remuneration and social security45 | €9,853 | €14,388 | €24,388 | €18,425 | €12,903 | ▼ 30.0% |
| Taxes450/3 | €6,654 | €10,586 | €17,660 | €14,287 | €11,439 | ▼ 19.9% |
| Remuneration and social security454/9 | €3,198 | €3,802 | €6,728 | €4,138 | €1,464 | ▼ 64.6% |
| Other amounts payable47/48 | €70,338 | €53,797 | €21,462 | €9,181 | €7,799 | ▼ 15.1% |
| Accrued charges and deferred income492/3 | €1,257 | €1,264 | €1,264 | €1,466 | €1,267 | ▼ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,050 | €13,796 | €38,309 | €41,402 | -€43,430 | ▼ 205% |
| + Depreciation and write-downs630 | €26,588 | €24,164 | €19,979 | €19,772 | €20,567 | ▲ 4.0% |
| Operating cash flow (approximation) | €28,638 | €37,960 | €58,288 | €61,173 | -€22,862 | ▼ 137% |
| Investment in fixed assets (approximation) | - | -€14,239 | €0 | -€6,839 | -€3,142 | ▲ 54.1% |
| Change in cash | - | €2,648 | €7,241 | €24,910 | -€25,588 | ▼ 203% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€43,430
Net result drops to -€43,430, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €41,402 ▲8.1%
Operating result €58,384, net result €41,402, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.15 to 2.55; short-term debt falls from €53,468 to €36,012.
31-12
Financial
Equity above €150,000Eq €168,272 ▲32.6%
5 profitable years in a row build equity to €168,272.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €126,871 ▲27.4%
4 profitable years in a row build equity to €126,871.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €32,080
Net result €32,080 after one loss-making year.
Show earlier events
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 1987
Ground area
326 m²
Building footprint
43 m²
Volume, LiDAR
401 m³
Parcel 21384D0126/00R012, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ABSORMAT
since 19872.033.093.571
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0126/00R012 | Brussels | 326 m² | 1 · 43 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,188 companies in sector 77399 we hold annual accounts for 711. 491 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
Founded14-01-1987
Fiscal year end31-12
Abbreviation FR
A.B.M.
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430310311
Registered
26-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.