Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
A.A.B.S. from Gent, company number BE0428843433, closed financial year 2023 with a result of € 81,090 after tax. For that financial year A.A.B.S. recorded revenue of € 37.6 million and equity of € 2.3 million. Compared with financial year 2021, the result moved from € 869,236 to € 81,090. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 12, 2024.
€ 2.3 million
▲ 12% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 81,090
▼ 91% vs 2021
Profit after tax over the fiscal year.
€ 1.1 million
▼ 40% vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 2.1 million.
People and assets in 2023
11.7
▲ 2.6 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 38% vs 2021
€ 106,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 59,799
▼ 37% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 4.6 million
▲ 113% vs 2021
€ 66,161 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4.1 million
▼ 4% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 646,535
▼ 10% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | Change 2021 → 2023 | |
|---|---|---|---|
| Revenue | € 34,495,573 | € 37,559,738 | ▲ 9% |
| Profit after taxes | € 869,236 | € 81,090 | ▼ 91% |
| Equity | € 2,087,180 | € 2,346,684 | ▲ 12% |
| Total debts | € 10,751,053 | € 12,765,573 | ▲ 19% |
| Cash | € 1,766,655 | € 1,060,057 | ▼ 40% |
| Land & buildings | € 2,342,872 | € 1,143,284 | ▼ 51% |
| Retained profit | € 1,857,680 | € 2,117,184 | ▲ 14% |
| Dividend | € 1,400,000 | € 0 | ▼ 100% |
| Bank debt | € 2,162,440 | € 4,603,541 | ▲ 113% |
| Balance sheet total | € 12,838,232 | € 15,112,257 | ▲ 18% |
| Employees (FTE) | 9.1 | 11.7 | ▲ 2.6 |
Key figures of A.A.B.S., fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to A.A.B.S.?
What happened at A.A.B.S. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Zeno BV stepped down as director. NBB
- Corrected annual accounts filed for financial year 2023. filed late Source: NBB ↗
- Zeno BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 869,236 profit in 2021 to € 81,090 profit in 2023.
Paid € 381,897 in corporate taxes since 2021.
Best year ever: 2021, with € 869,236 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
The stake of ELAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
A.A.B.S.The shares are held by ELAN (80%).
Directors
According to the 2023 annual accounts
since 2022 · until 2026
Shareholders
80%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Schoonzichtstraat 33
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0428.843.433
- VAT number
- BE 0428.843.433
- Registered office
- Schoonzichtstraat 33, 9051 Gent
- Names & denominations
- A.A.B.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 1986
- Peppol
- Active · Active since 29 Sept 2025
- Contact
- absbouwteam.be +32 9 242 85 65
- Activities · NACE
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