ACTIVE

ABO Research

Financial year 2025 · Closed on 31/12/2025

Net result-109 k €+25,3 %over 1 year

Gross margin65 k €+31,2 %over 1 year

Equity-4 M €-2,8 %over 1 year

Identity

Source · BCE/KBO

ABO Research is a Private limited company incorporated in 2003. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0860.257.465
Incorporation: 25/06/2003
Legal form: Private limited company
Registered office: Derbystraat 355
9051 Gent · FlandreSee on map
Contributed capital: 20 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Joint committees (2)

Signals

Positive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	65 k €	+31.2%	49,6 k €		–		–		–
EBITDA	64,2 k €	+30.3%	49,3 k €	+3.0%	47,8 k €	-3.5%	49,5 k €	+0.1%	49,5 k €
Operating result	18,9 k €	-33.1%	28,3 k €	+20.3%	23,5 k €	-9.1%	25,9 k €	+4.5%	24,8 k €
Net result	-109 k €	+25.3%	-146 k €	+20.0%	-182,4 k €	-883%	23,3 k €	+9.2%	21,3 k €
Balance sheet
Equity	-4 M €	-2.8%	-3,9 M €	-3.9%	-3,7 M €	-5.2%	-3,5 M €	+0.7%	-3,6 M €
Total assets	313,8 k €	-4.4%	328,1 k €	+104%	161,1 k €	-8.5%	176,1 k €	+4.9%	167,8 k €
Cash	7,6 k €	+237%	2,3 k €	+180%	804,4 €	-98.5%	53,1 k €	+151%	21,1 k €
Debts	4,3 M €	+2.2%	4,2 M €	+8.1%	3,9 M €	+4.5%	3,7 M €	-0.4%	3,7 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank De Palmenaer	Managersince 28/10/2014Director28/10/2014 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABO-GROUP ENVIRONMENT0477.032.538Represented by Johan Reybroeck	Director17/08/2017 → 2020 accountsManager17/08/2017 → 2018 accounts
Ron Schuermans	Manager04/01/2011 → 2011 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full 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	24/06/2026	30/06/2025	02/07/2024	03/07/2023	05/07/2022	18/06/2021
General meeting	05/06/2026	06/06/2025	27/06/2024	23/06/2023	22/06/2022	28/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	10/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Full model	31/12/2013	07/06/2014	26/06/2014	Dutch	PDF
Full model	31/12/2012	08/06/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	30/07/2012	Dutch	PDF
Full model	31/12/2010	11/06/2011	19/07/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	05/01/2011	Dutch	PDF
Full model	31/12/2008	13/06/2009	31/07/2009	Dutch	PDF
Full model	31/12/2007	14/06/2008	28/08/2008	Dutch	PDF
Full model	31/12/2006	09/06/2007	31/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025

1 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank De Palmenaer	Managersince 28/10/2014Director28/10/2014 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABO-GROUP ENVIRONMENT0477.032.538Represented by Johan Reybroeck	Director17/08/2017 → 2020 accountsManager17/08/2017 → 2018 accounts
Ron Schuermans	Manager04/01/2011 → 2011 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
PDF
Mandates31/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates25/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/09/2017
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Frank De Palmenaer

ABO-GROUP ENVIRONMENT

Ron SCHUERMANS

MARKEY

Thenergo Nederland

Thenergo Nederland BVBA

DE POOTER BEHEER

GF Land Beheer bv

Gunter De Pooter

200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ABO ResearchABO ResearchTHENERGO OPERATIONSPOLARGEN

Derbystraat 355, 9051 Sint-Denijs-Westrem

ManagerDirector

DirectorManager

Manager

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Derbystraat 355, 9051 Sint-Denijs-WestremCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00200057

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ABO ResearchCurrent	accounts 2025	Accounts 2025 · 2026-00200057
ABO Resarch	accounts 2024	Accounts 2024 · 2025-00210117
ABO Research	accounts 2017 → 2023	Accounts 2023 · 2024-00214094
THENERGO OPERATIONS	accounts 2008 → 2016	Accounts 2016 · 2017-27500587
POLARGEN	accounts 2006 → 2007	Accounts 2007 · 2008-66700108

Events

2025
Annual accounts 2025-109 k €↑
2025
Name changeABO Research
2024
Annual accounts 2024-146 k €↑
2024
Name changeABO Resarch
2023
Annual accounts 2023-182,4 k €↓
2022
Annual accounts 202223,3 k €↑
2021
Annual accounts 202121,3 k €↑
2020
Annual accounts 202012,3 k €↑
2019
Annual accounts 20194,7 k €↑
2018
Annual accounts 201880,6 €↑
2017
Annual accounts 2017-7,8 k €↓
2017
Name changeABO Research
2016
Annual accounts 2016-746,7 €↓
2015
Annual accounts 201513,8 k €↑
2014
Annual accounts 2014-23,1 k €↑
2013
Annual accounts 2013-617,3 k €↓
2012
Annual accounts 2012881,9 k €↑
2011
Annual accounts 2011-835,5 k €↑
2010
Annual accounts 2010-2,6 M €↓
2009
Annual accounts 2009-480,5 k €↓
2008
Annual accounts 20082,8 k €↓
2008
Name changeTHENERGO OPERATIONS
2007
Annual accounts 200747,2 k €↑
2006
Annual accounts 200642,5 k €
25/06/2003
IncorporationPrivate limited company

ABO Research

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events