Liquidity
5.86 was 1.91 in 2024
Short-term debts fell from €46,967 to €13,816.
A.A.P.
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1982peak €45,710 (2025)
€45,710▲ 63.8%
lowest -€5,967 (2010)
€18,432▲ 203%
peak €222,065 (2025)
€222,065▲ 9.1%
€13,816▼ 72.8%
Board4 names since 2021
3 directorsMICHAUX Charles-Antoine and 2 others
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €27,908 to €45,710Result from €6,086 to €18,432Debts from €50,882 to €13,816
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1982
Eight of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Position in the sector
94.1%
Higher solvency than 95% of companies in building services and landscaping. Sector median 40.5% · 5,724 companies.
Checked score
96
Excellent
Financially stronger than 71% of micro companies in building services and landscaping (NACE 81)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Services to buildings and landscape activities (NACE 81)
lowers risk
Liquidity: current ratio 5.86, cash €66,713
Founded in 1981
Equity €222,065 (94.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 92% of them on solvency, 86% on liquidity, 56% on profitability and 51% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as A.A.P. has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.A.P. itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for A.A.P.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.86 (1.91 in 2024), above the usual 1.5. Short-term debt is 5.9% and cash 28.3% of total assets. 5.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €222,065
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
34 days early
2023
31 days late
2022
29 days late
2021
22 days late
2020
20 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MICHAUX Charles Lucien André Ghislain 200 sharesdeed of 12-01-2024
- VANDENDRIES Marge 275 sharesdeed of 12-01-2024
- MICHAUX Charles-Antoine Léon Lucien 275 sharesdeed of 12-01-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0421324151
Appointments: MICHAUX Charles Lucien André Ghislain (director) and MICHAUX Charles-Antoine (director)
MICHAUX Charles Lucien André Ghislain holds 200 shares · VANDENDRIES Marge holds 275 shares · MICHAUX Charles-Antoine Léon Lucien holds 275 shares · General meeting of 27-12-2023 · Gazette deed
1 manager appointed, 1 resignation, 1 reappointment
Resignation: Nadine Staquet (manager) · Appointment: Charles-Antoine Michaux (manager) · Reappointment: Charles Michaux (manager) · General meeting of 01-09-2021 · Gazette deed
First establishment
Simonisstraat 4, Sint-Gillis (bij-Brussel)
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A.A.P. Sint-Gillis (bij-Brussel) | €235,881 | €45,710 | 94.1% | - |
| MOURY MANAGEMENT Ans | €212,599 | €57,206 | 49.0% | - |
| WOPOTEC Intelligent POS Solutions & Services Eupen | €335,227 | €50,997 | 11.6% | - |
| Immobilière du Bon Mari Aubel | €400,889 | €50,231 | 86.6% | - |
| VANJA Deerlijk | €348,752 | €61,257 | 85.9% | - |
| Jerco. La terre est bleue comme une orange Uccle | €414,191 | €42,686 | 15.4% | - |
| BATI-SPY Jette | €539,514 | €35,241 | 41.2% | - |
These companies have the same main activity as A.A.P.: combined facilities support activities (NACE 81100). They are comparable in size and age: total assets between €213,000 and €540,000, founded between 1974 and 1991.
Official details
Source: KBO- Status
- Active since 25-02-1981Normal situation
- Activity
- Combined facilities support activitiesNACE 81100
- Establishment unit
- 2.018.620.3791060 Sint-Gillis (bij-Brussel), since 14-12-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Insights on A.A.P.
A.A.P. files the micro format. That format states no turnover. The gross margin rose from €18,302 in 2006 to €45,710 in 2025.
The balance sheet grew most in 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A.A.P.
- What is the company number of A.A.P.?
- The company number of A.A.P. is 0421.324.151. The VAT number is the same number with BE in front: BE 0421.324.151.
- Where is A.A.P. based?
- The registered office is at Simonisstraat 4, 1060 Sint-Gillis (bij-Brussel).Company details
- What does A.A.P. do?
- According to the KBO register, the main activity is combined facilities support activities (NACE 81100).
- What is the legal form of A.A.P.?
- A.A.P. is a private limited company (BV).
- When was A.A.P. founded?
- A.A.P. was founded on 25-02-1981.
- Is A.A.P. still active?
- Yes, A.A.P. is an active enterprise in the KBO register.
- What is the turnover of A.A.P.?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €45,710 and 41 comparable companies (NACE 81). It probably lies between €120,000 and €320,000.Financials
- Is A.A.P. profitable?
- In financial year 2025, A.A.P. made a profit of €18,432.
- Where can I find the annual accounts of A.A.P.?
- A.A.P. filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A.A.P. due?
- A.A.P. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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