ACTIVE

AB NETWORK

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Financial year 2025 · closed on 31/12/2025

Net result

95 k €

+116.3% YoY

Gross margin

3,5 M €

-0.5% YoY

Equity

-484,8 k €

+15.5% YoY

Workforce

33,9 ETP

-7.4% YoY

What does AB NETWORK do?

AB NETWORK is a Public limited company incorporated in 1986. Its registered office is in Villers-le-Bouillet. It employs on average 33,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.089.288

Incorporation

05/12/1986

Legal form

Public limited company

Registered office

Rue de l'Avenir 4
4530 Villers-le-Bouillet · WallonieSee on map

Contributed capital

234 368,06 €

Latest accounts

31/12/2025

Average workforce

33,9 ETP

Joint committees (3)

14901
200
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,5 M €	-0.5%	3,5 M €	+22.6%	2,8 M €	+23.6%	2,3 M €	-2.1%	2,4 M €	+0.3%	2,3 M €	+12.8%	2,1 M €	+29.3%	1,6 M €	+58.2%	1 M €	+30.7%	779 k €	+19.7%	651 k €	-11.9%	739 k €	+21.2%	609,9 k €	-6.1%	649,4 k €	+10.2%	589,2 k €	+5.5%	558,6 k €	-24.3%	737,5 k €	+32.4%	557,2 k €	-9.5%	615,4 k €	+8.7%	566,4 k €
EBITDA	381,8 k €	+5.0%	363,4 k €	+202%	-355,4 k €	-957%	-33,6 k €	+43.6%	-59,6 k €	-121%	285,2 k €	+6473%	-4,5 k €	-102%	194,3 k €	+124%	86,7 k €	+39.8%	62 k €	+159%	-104,5 k €	-244%	72,4 k €	+186%	-84,2 k €	-246%	57,7 k €	+67.1%	34,5 k €	-69.0%	111,6 k €	-68.1%	350,3 k €	+82.2%	192,3 k €	-26.1%	260 k €	+10.7%	234,9 k €
Operating result	240,9 k €	+8.4%	222,3 k €	+145%	-491,3 k €	-213%	-156,7 k €	-6.3%	-147,5 k €	-182%	180,9 k €	+276%	-102,6 k €	-170%	146,8 k €	+151%	58,6 k €	+822%	-8,1 k €	+94.7%	-153,4 k €	-553%	33,9 k €	+137%	-91,1 k €	-129%	-39,8 k €	-473%	-6,9 k €	-108%	87,3 k €	-70.3%	293,8 k €	+79.4%	163,8 k €	-25.3%	219,3 k €	-4.9%	230,5 k €
Net result	95 k €	+116%	43,9 k €	+107%	-629,3 k €	-174%	-229,3 k €	-16.3%	-197,2 k €	-231%	150,6 k €	+232%	-114,2 k €	-197%	117,7 k €	+177%	42,4 k €	+197%	-43,7 k €	+75.9%	-181 k €	-7067%	2,6 k €	+101%	-177,5 k €	-284%	-46,2 k €	-35.6%	-34,1 k €	-190%	37,9 k €	-76.2%	159,2 k €	+94.1%	82 k €	-34.1%	124,4 k €	-7.8%	134,9 k €
Balance sheet
Equity	-484,8 k €	+15.5%	-573,8 k €	+2.4%	-588,1 k €	-1310%	48,6 k €	-81.2%	258,9 k €	-44.4%	465,3 k €	+82.9%	254,4 k €	-21.7%	324,7 k €	+56.1%	208 k €	+24.9%	166,5 k €	+226%	51,2 k €	-78.1%	233,1 k €	+0.7%	231,4 k €	-43.5%	409,9 k €	-10.3%	457,1 k €	-7.1%	492,1 k €	+8.1%	455,1 k €	+22.0%	373,1 k €	+0.3%	372 k €	+6.7%	348,6 k €
Total assets	3,7 M €	+29.9%	2,9 M €	-8.6%	3,1 M €	-3.0%	3,2 M €	-23.2%	4,2 M €	+23.4%	3,4 M €	+12.4%	3 M €	+7.8%	2,8 M €	+108%	1,3 M €	+12.5%	1,2 M €	+13.1%	1,1 M €	-15.8%	1,3 M €	-14.3%	1,5 M €	+17.0%	1,3 M €	-3.4%	1,3 M €	-13.4%	1,5 M €	+25.9%	1,2 M €	+4.6%	1,1 M €	-7.1%	1,2 M €	-11.0%	1,4 M €
Cash	391,5 k €	+136%	166,2 k €	-19.2%	205,7 k €	+3.3%	199,2 k €	+22.8%	162,2 k €	+77.3%	91,5 k €	+30.9%	69,9 k €	+7.8%	64,8 k €	-25.6%	87,1 k €	-29.9%	124,2 k €	-5.2%	131,1 k €	+329%	30,5 k €	-58.7%	74 k €	+23.9%	59,7 k €	+3046%	1,9 k €	-98.2%	104,5 k €	-56.3%	239,2 k €	+51.9%	157,5 k €	-49.7%	313,1 k €	+142%	129,2 k €
Debts	4,1 M €	+20.9%	3,4 M €	-4.8%	3,6 M €	+28.6%	2,8 M €	-6.6%	3 M €	+12.1%	2,7 M €	+12.0%	2,4 M €	+21.2%	2 M €	+91.2%	1 M €	+0.1%	1 M €	+3.5%	995 k €	+2.0%	975,5 k €	-20.9%	1,2 M €	+54.3%	798,7 k €	-4.7%	838,1 k €	-16.5%	1 M €	+37.2%	731,7 k €	-3.9%	761,1 k €	-10.3%	848,3 k €	-6.8%	910,1 k €
Other
Workforce	33,9 ETP	-7.4%	36,6 ETP	-4.7%	38,4 ETP	+20.0%	32,0 ETP	+6.0%	30,2 ETP	-7.1%	32,5 ETP	+2.8%	31,6 ETP	+31.1%	24,1 ETP	+37.7%	17,5 ETP	+42.3%	12,3 ETP	+4.2%	11,8 ETP	-7.8%	12,8 ETP	+1.6%	12,6 ETP	+27.3%	9,9 ETP	-3.9%	10,3 ETP	-1.0%	10,4 ETP	0.0%	10,4 ETP	+8.3%	9,6 ETP	-1.0%	9,7 ETP	+9.0%	8,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Luc Crupi

Director · since 30 juin 2023 · until 30 juin 2029

Active

S.C. KUIT BEHEER BV

Managing director · since 30 juin 2023 · until 30 juin 2029

Represented by Simon Kuit

Active

Ended mandates

Luc Crupi

Managing director · since 01 juillet 2019 · until 30 juin 2025

Ended

S.C. KUIT BEHEER BV

Director · since 01 juillet 2019 · until 30 juin 2025

Represented by Simon Kuit

Ended

LUC CRUPI

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

S.C. Kuit Beheer BV

Director · since 01 juillet 2013 · until 30 juin 2019

Represented by Simon Kuit

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	15/07/2025	24/07/2024	13/07/2023	05/08/2022	30/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	15/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	15/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	24/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	18/09/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	10/11/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	17/07/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	21/06/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	31/10/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	29/10/2010	French	PDF
Abridged model	31/12/2008	30/10/2009	09/12/2009	French	PDF
Abridged model	31/12/2007	31/10/2008	28/11/2008	French	PDF
Abridged model	31/12/2006	27/09/2007	02/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Luc Crupi

Director · since 30 juin 2023 · until 30 juin 2029

Active

S.C. KUIT BEHEER BV

Managing director · since 30 juin 2023 · until 30 juin 2029

Represented by Simon Kuit

Active

Ended mandates

Luc Crupi

Managing director · since 01 juillet 2019 · until 30 juin 2025

Ended

S.C. KUIT BEHEER BV

Director · since 01 juillet 2019 · until 30 juin 2025

Represented by Simon Kuit

Ended

LUC CRUPI

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

S.C. Kuit Beheer BV

Director · since 01 juillet 2013 · until 30 juin 2019

Represented by Simon Kuit

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates29/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2016
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/10/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office07/06/2013
SIEGE SOCIAL
PDF
Mandates17/08/2011
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202595 k €↑
2024
Annual accounts 202443,9 k €↑
2023
Annual accounts 2023-629,3 k €↓
2022
Annual accounts 2022-229,3 k €↓
2021
Annual accounts 2021-197,2 k €↓
2020
Annual accounts 2020150,6 k €↑
2019
Annual accounts 2019-114,2 k €↓
2018
Annual accounts 2018117,7 k €↑
2017
Annual accounts 201742,4 k €↑
2016
Annual accounts 2016-43,7 k €↑
2015
Annual accounts 2015-181 k €↓
2014
Annual accounts 20142,6 k €↑
2013
Annual accounts 2013-177,5 k €↓
2012
Annual accounts 2012-46,2 k €↓
2011
Annual accounts 2011-34,1 k €↓
2010
Annual accounts 201037,9 k €↓
2009
Annual accounts 2009159,2 k €↑
2008
Annual accounts 200882 k €↓
2007
Annual accounts 2007124,4 k €↓
2006
Annual accounts 2006134,9 k €
05/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AB NETWORK

Overview

What does AB NETWORK do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline