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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ABO Logistics from Gent, company number BE0448696957, closed financial year 2025 with a result of € -70,405 after tax. For that financial year ABO Logistics recorded a gross margin of € 79,204 and equity of € -3.4 million. Compared with financial year 2024, the result moved from € -90,932 to € -70,405. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ -3.4 million
▼ € 70,405 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,405
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 57,237
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
People and assets in 2025
€ 29,893
▲ 102% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,514
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,691
▲ 60% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,871 | € 42,708 | € 707,276 | € 79,204 | ▼ 89% |
| Profit after taxes | € -607,821 | € -289,555 | € -90,932 | € -70,405 | ▲ € 20,527 |
| Equity | € -2,965,096 | € -3,254,650 | € -3,345,583 | € -3,415,988 | ▼ € 70,405 |
| Total debts | € 3,008,596 | € 3,109,629 | € 3,725,326 | € 3,844,650 | ▲ 3% |
| Cash | € 3,714 | € 19,367 | € 26,670 | € 57,237 | ▲ 115% |
| Land & buildings | € 390,359 | € 343,562 | € 304,646 | € 297,646 | ▼ 2% |
| Retained profit | € -3,101,978 | € -3,391,533 | € -3,482,465 | € -3,552,871 | ▼ € 70,405 |
| Balance sheet total | € 503,501 | € 410,919 | € 379,744 | € 428,662 | ▲ 13% |
Key figures of ABO Logistics, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ABO Logistics?
What happened at ABO Logistics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank De Palmenaer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 70,405. Source: NBB ↗
- Frank De Palmenaer became a director. NBB
- New establishment in Gent. KBO
- New establishment in Aartselaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 607,821 loss in 2022 to € 70,405 loss in 2025.
Paid € 2,605 in corporate taxes since 2022.
Management
The shares are held by Frank De Palmenaer and ABO-Group Environment NV.
Directors
According to the 2025 annual accounts
Frank De Palmenaer
Director
Is a shareholder
Also active at: FRAPAL, STUDIE- EN EXPERTISEBUREAU DE PALMENAER, Studiebureau voor wegen- en Bouwkunde - Ontwerpen, Palladion, SIPRESS, 2B Construct, SOCRATES BUSINESS CENTER, GEOSONDA +15 more
since 2024 · until 2030
Shareholders
Frank De Palmenaer · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Derbystraat 263
9051 Gent
Kontichsesteenweg 38
2630 Aartselaar
Active since 9 December 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.696.957
- VAT number
- BE 0448.696.957
- Registered office
- Derbystraat 263, 9051 Gent
- Names & denominations
- ABO Logistics
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 1992
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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