Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ABO Research from Gent, company number BE0860257465, closed financial year 2025 with a result of € -109,034 after tax. For that financial year ABO Research recorded a gross margin of € 64,998 and equity of € -4 million. Compared with financial year 2024, the result moved from € -145,972 to € -109,034. 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.
€ -4 million
▼ € 109,034 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -109,034
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,607
▲ 237% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 124,292
▼ 10% vs 2024
Of which on lease € 108,712.
Debts at end 2025
€ 110,347
▼ 20% vs 2024
€ 28,724 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,657
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 727
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 52,800 | € 52,800 | - | - | |
| Gross margin | - | - | € 49,559 | € 64,998 | ▲ 31% |
| Profit after taxes | € 23,310 | € -182,407 | € -145,972 | € -109,034 | ▲ € 36,938 |
| Equity | € -3,532,907 | € -3,715,313 | € -3,861,285 | € -3,970,319 | ▼ € 109,034 |
| Total debts | € 3,708,968 | € 3,876,451 | € 4,189,405 | € 4,284,089 | ▲ 2% |
| Cash | € 53,056 | € 804 | € 2,256 | € 7,607 | ▲ 237% |
| Retained profit | € -3,552,907 | € -3,735,313 | € -3,881,285 | € -3,990,319 | ▼ € 109,034 |
| Bank debt | € 1,441 | € 0 | € 137,879 | € 110,347 | ▼ 20% |
| Balance sheet total | € 176,061 | € 161,138 | € 328,120 | € 313,770 | ▼ 4% |
Key figures of ABO Research, 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 Research?
What happened at ABO Research in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 109,034. Source: NBB ↗
- Frank De Palmenaer became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,310 profit in 2022 to € 109,034 loss in 2025.
Best year ever: 2022, with € 23,310 profit.
Management
Behind ABO Research is Frank De Palmenaer. The shares are held by ABO Group Environment and ABO Group Nederland.
Directors
According to the 2025 annual accounts
Frank De Palmenaer
Manager
Also active at: FRAPAL, STUDIE- EN EXPERTISEBUREAU DE PALMENAER, Studiebureau voor wegen- en Bouwkunde - Ontwerpen, Palladion, SIPRESS, 2B Construct, SOCRATES BUSINESS CENTER, ABO Logistics +15 more
since 2014
Shareholders
ABO Group Nederland
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Derbystraat 355
9051 Gent
Derbystraat 255
9051 Gent
Active since 25 June 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
GOOGLE - Google LLC, US
DNS
TransIP DNS
Website info
Features
Security
Details
- Company number
- 0860.257.465
- VAT number
- BE 0860.257.465
- Registered office
- Derbystraat 355, 9051 Gent
- Names & denominations
- ABO Research
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 2003
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- abo.be
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