BIJOUTERIE ABEELE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 26 filings
Turnover
≈ €290,000
Estimated: probably between €150,000 and €400,000
Total assets
€773,996▼ 2.2%
2024 · €791,591
Net result
€5,733▼ 54.0%
2024 · €12,472
Working capital
€478,617▼ 7.4%
2024 · €516,986
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€9,054
▼ 53.3%
2025
20182025
Net result
€5,733
▼ 54.0%
2025
middle half of the sector
20182025
Equity
€497,391
▲ 1.2%
2025
highest quarter of the sector
20182025
Total assets
€773,996
▼ 2.2%
2025
highest quarter of the sector
20182025
Debt
€276,606
▼ 7.8%
2025
20182025
Working capital
€478,617
▼ 7.4%
2025
highest quarter of the sector
20182025
Solvency
64.3%
▲ 2.2pp
2025
highest quarter of the sector
20182025
Current ratio
2.73
▼ 0.30
2025
middle half of the sector
20182025
Return on assets (ROA)
0.7%
▼ 0.8pp
2025
middle half of the sector
20182025
Staff (FTE)
1.3
▼ 35.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€35,592-€32,896€31,237▼ 5.0%€79,108▲ 153%€50,841▼ 35.7%€19,169▼ 62.3%€19,388▲ 1.1%€9,054▼ 53.3%
Net result-€37,170-€31,696€24,851above the sector's middle half▼ 21.6%€30,420above the sector's middle half▲ 22.4%€33,707above the sector's middle half▲ 10.8%€12,428within the sector's middle half▼ 63.1%€12,472within the sector's middle half▲ 0.4%€5,733within the sector's middle half▼ 54.0%
Equity€346,084-€377,780▲ 9.2%€402,631above the sector's middle half▲ 6.6%€433,051above the sector's middle half▲ 7.6%€466,757above the sector's middle half▲ 7.8%€479,186above the sector's middle half▲ 2.7%€491,658above the sector's middle half▲ 2.6%€497,391above the sector's middle half▲ 1.2%
Total assets€778,367-€752,866▼ 3.3%€806,161above the sector's middle half▲ 7.1%€821,819above the sector's middle half▲ 1.9%€828,672above the sector's middle half▲ 0.8%€816,918above the sector's middle half▼ 1.4%€791,591above the sector's middle half▼ 3.1%€773,996above the sector's middle half▼ 2.2%
Debt€432,283-€375,087▼ 13.2%€403,530▲ 7.6%€388,769▼ 3.7%€361,914▼ 6.9%€337,733▼ 6.7%€299,934▼ 11.2%€276,606▼ 7.8%
Working capital€370,099-€411,396▲ 11.2%€423,239above the sector's middle half▲ 2.9%€445,766above the sector's middle half▲ 5.3%€481,116above the sector's middle half▲ 7.9%€496,793above the sector's middle half▲ 3.3%€516,986above the sector's middle half▲ 4.1%€478,617above the sector's middle half▼ 7.4%
Solvency44.5%-50.2%▲ 5.7pp49.9%within the sector's middle half▼ 0.2pp52.7%within the sector's middle half▲ 2.7pp56.3%within the sector's middle half▲ 3.6pp58.7%within the sector's middle half▲ 2.3pp62.1%within the sector's middle half▲ 3.5pp64.3%above the sector's middle half▲ 2.2pp
Current ratio2.07-2.43▲ 0.362.22within the sector's middle half▼ 0.212.30within the sector's middle half▲ 0.082.52within the sector's middle half▲ 0.222.70within the sector's middle half▲ 0.183.03above the sector's middle half▲ 0.332.73within the sector's middle half▼ 0.30
Return on assets (ROA)-4.8%-4.2%▲ 9.0pp3.1%within the sector's middle half▼ 1.1pp3.7%within the sector's middle half▲ 0.6pp4.1%within the sector's middle half▲ 0.4pp1.5%within the sector's middle half▼ 2.5pp1.6%within the sector's middle half▲ 0.1pp0.7%within the sector's middle half▼ 0.8pp
Staff (FTE)1.6-1.6=1.6within the sector's middle half=2▲ 25.0%2=2=2=1.3▼ 35.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 53% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773,996
Fixed assets
€18,774 ▼ 4.6%
Current assets
€755,223 ▼ 2.2%
Equity and liabilities €773,996
Equity
€497,391 ▲ 1.2%
Debt
€276,606 ▼ 7.8%
Debt's share of the balance-sheet total falls from 37.9% to 35.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,221▼
2024 · €27,109
Cash flow
€12,901▼
2024 · €20,193
Quick ratio
0.24▼
2024 · 0.37
Debt to equity
0.56▼
2024 · 0.61
ROE
1.2%▼
2024 · 2.5%
Interest coverage
7.58▼
2024 · 12.41
Debt ≤ 1 year
€276,606▲
2024 · €254,934
Income taxes
€2,611▼
2024 · €6,347
Staff costs
€42,541▼
2024 · €63,825
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 1 |
| part-time | 2 | 2 | 2 | 2 | 1 |
| in full-time equivalents | 1.6 | 1.6 | 1.6 | 1.6 | 0.8 |
| Average over the year, in full-time equivalents | 1.6 | 1.6 | 1.6 | 1.6 | 1 |
| On a permanent contract | 2 | 2 | 2 | 2 | 1 |
| Joined | - | - | - | - | 0 |
| Left | - | - | - | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,614 | €6,752 | €6,719 | - | €6,269 |
| Depreciation and write-downs of the year | €8,721 | €10,063 | €9,968 | €7,721 | €7,167 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €54,616 | €52,956 | €61,980 | €63,825 | €42,541 | ▼ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,204 | €27,408 | €23,113 | €8,721 | €10,063 | €9,968 | €7,721 | €7,167 | ▼ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,574 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,355 | €849 | €8,020 | €992 | €966 | ▼ 2.6% |
| Gross operating margin9900 | €46,154 | €114,317 | €97,448 | €144,800 | €117,283 | €99,136 | €91,926 | €59,728 | ▼ 35.0% |
| Operating profit (loss)9901 | -€35,592 | €32,896 | €31,237 | €79,108 | €50,841 | €19,169 | €19,388 | €9,054 | ▼ 53.3% |
| Financial income75/76B | - | - | - | €3,713 | €2,222 | €1,577 | €1,615 | €1,431 | ▼ 11.4% |
| Recurring financial income75 | €3,270 | €3,180 | €2,166 | €3,713 | €2,222 | €1,577 | €1,615 | €1,431 | ▼ 11.4% |
| Financial charges65/66B | - | - | - | €3,140 | €2,259 | €2,081 | €2,184 | €2,141 | ▼ 2.0% |
| Recurring financial charges65 | €4,624 | €4,074 | €3,137 | €3,140 | €2,259 | €2,081 | €2,184 | €2,141 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€36,946 | €32,002 | €30,266 | €79,682 | €50,804 | €18,664 | €18,819 | €8,345 | ▼ 55.7% |
| Income taxes67/77 | €224 | €306 | €5,415 | €49,262 | €17,097 | €6,236 | €6,347 | €2,611 | ▼ 58.9% |
| Profit (loss) for the period9904 | -€37,170 | €31,696 | €24,851 | €30,420 | €33,707 | €12,428 | €12,472 | €5,733 | ▼ 54.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €102,232 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€37,170 | €31,696 | €24,851 | €132,652 | €33,707 | €12,428 | €12,472 | €5,733 | ▼ 54.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €778,367 | €752,866 | €806,161 | €821,819 | €828,672 | €816,918 | €791,591 | €773,996 | ▼ 2.2% |
| Fixed assets21/28 | €63,083 | €53,482 | €36,059 | €33,952 | €30,641 | €27,393 | €19,672 | €18,774 | ▼ 4.6% |
| Tangible fixed assets22/27 | €62,056 | €52,455 | €35,033 | €32,926 | €29,615 | €26,366 | €18,646 | €17,747 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €16,365 | €13,788 | €11,210 | €8,633 | €9,703 | ▲ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €15,468 | €14,556 | €14,670 | €9,987 | €8,045 | ▼ 19.4% |
| Furniture and vehicles24 | - | - | - | €1,093 | €1,271 | €485 | €26 | - | - |
| Financial fixed assets28 | €1,026 | €1,026 | €1,026 | €1,026 | €1,026 | €1,026 | €1,026 | €1,026 | = |
| Current assets29/58 | €715,284 | €699,385 | €770,102 | €787,867 | €798,030 | €789,526 | €771,919 | €755,223 | ▼ 2.2% |
| Stocks and contracts in progress3 | €638,611 | €620,787 | €636,875 | €675,382 | €670,245 | €672,929 | €678,232 | €688,615 | ▲ 1.5% |
| Stocks30/36 | - | - | - | €675,382 | €670,245 | €672,929 | €678,232 | €688,615 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €28,283 | €20,767 | €20,935 | €3,156 | €1,831 | €4,547 | €5,101 | €9,838 | ▲ 92.9% |
| Trade receivables40 | - | - | - | €3,115 | - | - | - | €950 | - |
| Other amounts receivable41 | - | - | - | €41 | €1,831 | €4,547 | €5,101 | €8,888 | ▲ 74.3% |
| Cash at bank and in hand54/58 | €48,390 | €57,831 | €112,291 | €109,329 | €125,954 | €112,049 | €88,587 | €56,770 | ▼ 35.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €778,367 | €752,866 | €806,161 | €821,819 | €828,672 | €816,918 | €791,591 | €773,996 | ▼ 2.2% |
| Equity10/15 | €346,084 | €377,780 | €402,631 | €433,051 | €466,757 | €479,186 | €491,658 | €497,391 | ▲ 1.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €104,092 | €104,092 | €104,092 | €134,512 | €168,218 | €180,647 | €193,119 | €193,119 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €132,652 | €166,358 | €178,787 | €191,259 | €191,259 | = |
| Profit (loss) carried forward14 | €223,392 | €255,088 | €279,939 | €279,939 | €279,939 | €279,939 | €279,939 | €285,672 | ▲ 2.0% |
| Amounts payable17/49 | €432,283 | €375,087 | €403,530 | €388,769 | €361,914 | €337,733 | €299,934 | €276,606 | ▼ 7.8% |
| Amounts payable after more than one year17 | €87,098 | €87,098 | €56,667 | €46,667 | €45,000 | €45,000 | €45,000 | - | - |
| Financial debts170/4 | - | - | - | €46,667 | €45,000 | €45,000 | €45,000 | - | - |
| Amounts payable within one year42/48 | €345,185 | €287,989 | €346,863 | €342,101 | €316,914 | €292,733 | €254,934 | €276,606 | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,000 | €1,667 | - | - | - | - |
| Trade debts44 | €27,412 | €11,629 | €21,929 | €36,535 | €15,609 | €29,650 | €24,195 | €27,303 | ▲ 12.8% |
| Suppliers440/4 | - | - | - | €36,535 | €15,609 | €29,650 | €24,195 | €27,303 | ▲ 12.8% |
| Advances received on contracts in progress46 | - | - | - | €14,100 | €19,990 | €16,202 | €16,281 | €15,053 | ▼ 7.5% |
| Taxes, remuneration and social security45 | - | - | - | €40,216 | €50,782 | €29,750 | €28,432 | €5,024 | ▼ 82.3% |
| Taxes450/3 | - | - | - | €40,216 | €46,359 | €25,957 | €20,967 | €800 | ▼ 96.2% |
| Remuneration and social security454/9 | - | - | - | - | €4,423 | €3,793 | €7,465 | €4,224 | ▼ 43.4% |
| Other amounts payable47/48 | - | - | - | €241,250 | €228,866 | €217,131 | €186,025 | €229,225 | ▲ 23.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,170 | €31,696 | €24,851 | €30,420 | €33,707 | €12,428 | €12,472 | €5,733 | ▼ 54.0% |
| + Depreciation and write-downs630 | €25,204 | €27,408 | €23,113 | €8,721 | €10,063 | €9,968 | €7,721 | €7,167 | ▼ 7.2% |
| Operating cash flow (approximation) | -€11,966 | €59,103 | €47,964 | €39,140 | €43,770 | €22,396 | €20,193 | €12,901 | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | -€17,806 | -€5,691 | -€6,614 | -€6,752 | -€6,719 | €0 | -€6,269 | - |
| Change in cash | - | €9,441 | €54,460 | -€2,962 | €16,624 | -€13,905 | -€23,462 | -€31,817 | ▼ 35.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as BIJOUTERIE ABEELE has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BIJOUTERIE ABEELE itself: 0.2% within 12 months.
Test of the method
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 17,041 companies, not a prediction for BIJOUTERIE ABEELE. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00375493 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00527034 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00437083 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00423134 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20467340 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69500095 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50200408 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48600362 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40400257 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38200097 |