OPENING OF BANKRUPTCY

AB CREATIONS

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Company — Opening of bankruptcy.

Financial year 2025 · Closed on 31/05/2025

Net result-789 €-175,1 %over 1 year

Gross margin271,6 k €-27,6 %over 1 year

Equity294,8 k €-0,3 %over 1 year

Workforce3,4 ETP-12,8 %over 1 year

Identity

Source · BCE/KBO

AB CREATIONS is a Public limited company incorporated in 1987. Its main activity is: Advertising agencies. Its registered office is in Waregem. It employs on average 3,4 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0431.678.704
Incorporation: 05/08/1987
Legal form: Public limited company
Registered office: Windhoek 22
8790 Waregem · FlandreSee on map
Contributed capital: 118 523,94 €
Latest accounts: 31/05/2025
Average workforce: 3,4 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 62010Computer programming activities 62100Computer programming, consultancy and related activities

Joint committees (1)

Signals

Solid equityGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	271,6 k €	-27.6%	375 k €	-15.8%	445,3 k €	+10.7%	402,2 k €	+15.4%	348,5 k €
EBITDA	-760 €	-101%	62,8 k €	-20.8%	79,3 k €	+10.2%	72 k €	+21.9%	59 k €
Operating result	-12,2 k €	-426%	3,8 k €	-82.8%	21,8 k €	+104%	10,7 k €	+371%	-3,9 k €
Net result	-789 €	-175%	1,1 k €	-93.8%	16,9 k €	+20.6%	14,1 k €	+18903%	73,9 €
Balance sheet
Equity	294,8 k €	-0.3%	295,6 k €	+0.4%	294,5 k €	+6.1%	277,6 k €	+5.3%	263,5 k €
Total assets	415,9 k €	-5.2%	438,6 k €	-11.4%	495,3 k €	-25.0%	660 k €	+42.3%	463,9 k €
Cash	120,5 k €	-51.3%	247,3 k €	+26.5%	195,4 k €	-23.7%	256 k €	+173%	93,8 k €
Debts	121,1 k €	-15.3%	143 k €	-28.8%	200,7 k €	-45.2%	366,6 k €	+82.9%	200,4 k €
Other
Workforce	3,4 ETP	-12.8%	3,9 ETP	-15.2%	4,6 ETP	-4.2%	4,8 ETP	-4.0%	5,0 ETP

Board of directors

Source · NBB, accounts to 31/05/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABMA0887.529.016Represented by Piet Coucke	Managing director12/09/2007 → 14/09/2028Directorlisted until the 2007 accountsended
DRIEHOEK0463.473.522Represented by Koen Verbauwhede	Managing director18/02/2004 → 14/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
KOEN VERBAUWHEDE	Managing director18/09/2004 → 2008 accounts
Piet Coucke	Managing director18/09/2004 → 2007 accounts

Other companies at this address

Windhoek 22 8790 Waregem

Company	CBE no.
ABMA● Bankrupt	0887.529.016
DRIEHOEK● Active	0463.473.522

Full financial information

Source · NBB

	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	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/10/2025	12/11/2024	21/11/2023	01/12/2022	14/12/2021	15/12/2020
General meeting	10/09/2025	11/09/2024	13/09/2023	14/09/2022	08/09/2021	09/09/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/05/2025	10/09/2025	14/10/2025	Dutch	PDF
Abridged model	31/05/2024	11/09/2024	12/11/2024	Dutch	PDF
Abridged model	31/05/2023	13/09/2023	21/11/2023	Dutch	PDF
Abridged model	31/05/2022	14/09/2022	01/12/2022	Dutch	PDF
Abridged model	31/05/2021	08/09/2021	14/12/2021	Dutch	PDF
Abridged model	31/05/2020	09/09/2020	15/12/2020	Dutch	PDF
Abridged model	31/05/2019	11/09/2019	22/10/2019	Dutch	PDF
Abridged model	31/05/2018	12/09/2018	29/10/2018	Dutch	PDF
Abridged model	31/05/2017	13/09/2017	24/10/2017	Dutch	PDF
Abridged model	31/05/2016	14/09/2016	27/10/2016	Dutch	PDF
Abridged model	31/05/2015	09/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/05/2014	10/09/2014	29/10/2014	Dutch	PDF
Abridged model	31/05/2013	11/09/2013	28/11/2013	Dutch	PDF
Abridged model	31/05/2012	12/09/2012	17/12/2012	Dutch	PDF
Abridged model	31/05/2011	14/09/2011	29/11/2011	Dutch	PDF
Abridged model	31/05/2010	08/09/2010	09/12/2010	Dutch	PDF
Abridged model	31/05/2009	09/09/2009	27/11/2009	Dutch	PDF
Abridged model	31/05/2008	10/09/2008	15/12/2008	Dutch	PDF
Abridged model	31/05/2007	12/09/2007	29/11/2007	Dutch	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/05/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABMA0887.529.016Represented by Piet Coucke	Managing director12/09/2007 → 14/09/2028Directorlisted until the 2007 accountsended
DRIEHOEK0463.473.522Represented by Koen Verbauwhede	Managing director18/02/2004 → 14/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
KOEN VERBAUWHEDE	Managing director18/09/2004 → 2008 accounts
Piet Coucke	Managing director18/09/2004 → 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/01/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/12/2016
Herbenoeming bestuurders, Herbenoeming gedelegeerde bestuurders en
PDF
Registered office01/07/2015
Wijziging maatschappelijke zetel ;
PDF
Mandates06/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2009
Uittreksel uit akte ontslag bestuurder, Uittreksel uit akte benoeming dagelijks
PDF
Mandates14/12/2007
* Uittreksel uit akte ontslag bestuurder; Uittreksel uit akte benoeming bestuurder;
PDF

Similar companies

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

DRIEHOEK

ABMA

KOEN VERBAUWHEDE

Piet Coucke

198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

AB CREATIONS

Windhoek 22, 8790 Waregem

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Windhoek 22, 8790 WaregemCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00541356

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AB CREATIONSCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00541356

Events

2025
Annual accounts 2025-789 €↓
2024
Annual accounts 20241,1 k €↓
2023
Annual accounts 202316,9 k €↑
2022
Annual accounts 202214,1 k €↑
2021
Annual accounts 202173,9 €↑
2020
Annual accounts 2020-96 k €↓
2019
Annual accounts 2019197,9 €↓
2018
Annual accounts 201814,3 k €↓
2017
Annual accounts 2017105 k €↑
2016
Annual accounts 2016-3,4 k €↑
2015
Annual accounts 2015-144,3 k €↓
2014
Annual accounts 201492,4 k €↓
2013
Annual accounts 2013178,4 k €↓
2012
Annual accounts 2012276,8 k €↑
2011
Annual accounts 2011200 k €↑
2010
Annual accounts 2010176,6 k €↑
2009
Annual accounts 2009113,6 k €↓
2008
Annual accounts 2008170,4 k €↓
2007
Annual accounts 2007180,4 k €
05/08/1987
IncorporationPublic limited company

AB CREATIONS

Overview

Identity

Financials

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events