ACTIVE

ABSORB

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Financial year 2025 · closed on 31/12/2025

Net result

3,0 k €

+107.4% YoY

Gross margin

1,8 M €

-0.5% YoY

Equity

1,3 M €

+0.2% YoY

Workforce

33,6 ETP

-0.3% YoY

What does ABSORB do?

ABSORB is a Private limited company incorporated in 1992. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Gent. It employs on average 33,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.629.669

Incorporation

14/02/1992

Legal form

Private limited company

Registered office

Brusselsesteenweg 261
9050 Gent · FlandreSee on map

Contributed capital

257 992,01 €

Latest accounts

31/12/2025

Average workforce

33,6 ETP

Activities (NACE)

74700Other professional, scientific and technical activities· main 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.81210General cleaning of buildings 81210General cleaning of buildings 74700Other professional, scientific and technical activities+2

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	-0.5%	1,8 M €	-7.2%	1,9 M €	+2.7%	1,9 M €	+8.7%	1,7 M €	+1.6%	1,7 M €	-4.4%	1,8 M €	-5.8%	1,9 M €	-4.0%	1,9 M €	+5.3%	1,8 M €	+18.0%	1,6 M €	+19.6%	1,3 M €	+3.9%	1,3 M €	+17.1%	1,1 M €	+3.2%	1,0 M €	+3.1%	1,0 M €	-11.7%	1,1 M €	+12.3%	1,0 M €
EBITDA	130,1 k €	+21.8%	106,8 k €	-59.0%	260,7 k €	-20.1%	326,2 k €	+27.9%	254,9 k €	-35.8%	396,8 k €	+16.1%	341,9 k €	-18.0%	416,7 k €	-21.7%	532,0 k €	-6.8%	571,1 k €	+36.4%	418,6 k €	+30.7%	320,4 k €	+30.2%	246,1 k €	+6.1%	232,1 k €	+19.2%	194,7 k €	+48.3%	131,3 k €	-41.9%	226,0 k €	+51.8%	148,9 k €
Operating result	8,7 k €	+141%	-21,1 k €	-119%	110,4 k €	-53.3%	236,6 k €	+46.0%	162,0 k €	-19.6%	201,6 k €	+51.4%	133,1 k €	-45.2%	242,9 k €	-27.2%	333,8 k €	-10.4%	372,6 k €	+54.9%	240,5 k €	+50.9%	159,4 k €	+51.4%	105,3 k €	+32.2%	79,7 k €	-12.5%	91,0 k €	+165%	34,4 k €	-54.0%	74,8 k €	+42.5%	52,5 k €
Net result	3,0 k €	+107%	-41,1 k €	-159%	69,6 k €	-63.7%	191,7 k €	+197%	64,6 k €	-46.8%	121,3 k €	+80.8%	67,1 k €	-44.5%	120,9 k €	-34.6%	185,0 k €	-14.1%	215,4 k €	+61.8%	133,1 k €	+87.1%	71,1 k €	+33.8%	53,1 k €	+40.6%	37,8 k €	+0.4%	37,7 k €	+2919%	1,2 k €	-96.1%	31,9 k €	+46.2%	21,8 k €
Balance sheet
Equity	1,3 M €	+0.2%	1,3 M €	-3.1%	1,3 M €	+5.6%	1,2 M €	+18.2%	1,1 M €	+2.0%	1,0 M €	+13.3%	911,5 k €	+7.9%	844,4 k €	+16.7%	723,5 k €	+18.3%	611,5 k €	+11.6%	548,1 k €	+24.1%	441,5 k €	+19.2%	370,4 k €	+16.8%	317,2 k €	+13.5%	279,4 k €	+15.6%	241,8 k €	+0.5%	240,5 k €	+15.3%	208,6 k €
Total assets	2,1 M €	-8.6%	2,3 M €	-5.3%	2,4 M €	+2.1%	2,4 M €	+10.2%	2,2 M €	-9.8%	2,4 M €	-8.9%	2,6 M €	+12.3%	2,4 M €	-6.0%	2,5 M €	+7.5%	2,3 M €	+8.4%	2,2 M €	+1.4%	2,1 M €	+12.2%	1,9 M €	+23.3%	1,5 M €	+15.2%	1,3 M €	+18.9%	1,1 M €	+0.0%	1,1 M €	+49.4%	748,9 k €
Cash	18,8 k €	+14.0%	16,5 k €	-48.6%	32,0 k €	+15.6%	27,7 k €	-9.0%	30,4 k €	+303%	7,5 k €	-50.7%	15,3 k €	+61.1%	9,5 k €	-56.9%	22,0 k €	+117%	10,2 k €	+13.1%	9,0 k €	-85.5%	62,3 k €	+303%	15,4 k €	+513%	2,5 k €	-47.1%	4,8 k €	-37.9%	7,7 k €	-72.8%	28,2 k €	-3.9%	29,3 k €
Debts	828,9 k €	-19.3%	1,0 M €	-8.3%	1,1 M €	-2.0%	1,1 M €	+2.7%	1,1 M €	-19.2%	1,4 M €	-20.5%	1,7 M €	+14.8%	1,5 M €	-15.3%	1,8 M €	+3.6%	1,7 M €	+7.4%	1,6 M €	-2.4%	1,6 M €	+10.9%	1,5 M €	+25.6%	1,2 M €	+14.5%	1,0 M €	+19.1%	862,5 k €	-0.0%	862,8 k €	+63.6%	527,3 k €
Other
Workforce	33,6 ETP	-0.3%	33,7 ETP	-7.4%	36,4 ETP	0.0%	36,4 ETP	0.0%	36,4 ETP	+7.7%	33,8 ETP	-8.9%	37,1 ETP	-4.1%	38,7 ETP	+3.8%	37,3 ETP	+4.5%	35,7 ETP	+9.8%	32,5 ETP	+16.9%	27,8 ETP	+2.2%	27,2 ETP	+9.7%	24,8 ETP	-7.1%	26,7 ETP	-8.6%	29,2 ETP	-7.9%	31,7 ETP	+11.2%	28,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Menderes Demirkapu

Director · since 07 mars 1992

Active

Ended mandates

Menderes Demirkapu

Director · since 02 octobre 2023

Ended

Menderes Demirkapu

Director · since 19 février 1992

Ended

Demirkapu Menderes

Director

Ended

Menderes Demirkapu

Manager

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	11/08/2026	31/07/2025	30/07/2024	10/10/2023	18/10/2022	30/09/2021
General meeting	10/08/2026	28/07/2025	26/07/2024	05/10/2023	12/10/2022	30/09/2021
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	10/08/2026	11/08/2026	Dutch	PDF
Abridged model	31/12/2024	28/07/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	26/07/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/10/2023	10/10/2023	Dutch	PDF
Abridged model	31/12/2021	12/10/2022	18/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/09/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	23/10/2020	05/11/2020	Dutch	PDF
Abridged model	31/12/2018	30/08/2019	24/09/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	21/04/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/04/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	21/09/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 4 ended

Active mandates

Menderes Demirkapu

Director · since 07 mars 1992

Active

Ended mandates

Menderes Demirkapu

Director · since 02 octobre 2023

Ended

Menderes Demirkapu

Director · since 19 février 1992

Ended

Demirkapu Menderes

Director

Ended

Menderes Demirkapu

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/02/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN
PDF
Capital / shares17/01/2005
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 20253,0 k €↑
2024
Annual accounts 2024-41,1 k €↓
2023
Annual accounts 202369,6 k €↓
2022
Annual accounts 2022191,7 k €↑
2021
Annual accounts 202164,6 k €↓
2018
Annual accounts 2018121,3 k €↑
2017
Annual accounts 201767,1 k €↓
2016
Annual accounts 2016120,9 k €↓
2015
Annual accounts 2015185,0 k €↓
2014
Annual accounts 2014215,4 k €↑
2013
Annual accounts 2013133,1 k €↑
2012
Annual accounts 201271,1 k €↑
2011
Annual accounts 201153,1 k €↑
2010
Annual accounts 201037,8 k €↑
2009
Annual accounts 200937,7 k €↑
2008
Annual accounts 20081,2 k €↓
2007
Annual accounts 200731,9 k €↑
2006
Annual accounts 200621,8 k €
14/02/1992
IncorporationPrivate 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

ABSORB

Overview

What does ABSORB do?

Trend over 18 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