A.P.M.
ActiveSummary
A.P.M. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,383 and a net result of €9,191. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
What stands out
Overview
Accounts filed 28 d late0 of 2 deeds readTurnover not published (abridged schema)
Why 63+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+48
Solvency60▲+27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.91 in 2024; short-term debt: 65.5% of total assets), and 65.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.5%
Return on assets
23.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
29 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €9,191
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €38,765Profit €9,191Solvency 34.5%Liquidity 1.22
Total assets
€38,765▼ 28.4%
2018 - 2025
Net result
€9,191
2018 - 2025
Equity
€13,383▲ 219%
2018 - 2025
Solvency
34.5%▲ 26.8pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,501▼ 45.7%-€2,879-€267▲ 90.7%-€12,421▼ 4,545%-€19,245▼ 54.9%
Net result€8,599within the sector's middle half▼ 46.3%-€3,857below the sector's middle half-€1,736below the sector's middle half▲ 55.0%-€13,560below the sector's middle half▼ 681%€9,191within the sector's middle half
Equity€23,345below the sector's middle half▲ 58.3%€19,488below the sector's middle half▼ 16.5%€17,752below the sector's middle half▼ 8.9%€4,192below the sector's middle half▼ 76.4%€13,383below the sector's middle half▲ 219%
Total assets€107,792within the sector's middle half▲ 95.7%€85,553within the sector's middle half▼ 20.6%€60,177below the sector's middle half▼ 29.7%€54,147below the sector's middle half▼ 10.0%€38,765below the sector's middle half▼ 28.4%
Debt€84,447▲ 109%€66,065▼ 21.8%€42,425▼ 35.8%€49,955▲ 17.7%€25,382▼ 49.2%
Working capital€24,529within the sector's middle half▼ 44.1%€17,576within the sector's middle half▼ 28.3%€23,310within the sector's middle half▲ 32.6%€18,090within the sector's middle half▼ 22.4%€5,494within the sector's middle half▼ 69.6%
Solvency21.7%below the sector's middle half▼ 5.1pp22.8%below the sector's middle half▲ 1.1pp29.5%within the sector's middle half▲ 6.7pp7.7%below the sector's middle half▼ 21.8pp34.5%within the sector's middle half▲ 26.8pp
Current ratio1.53within the sector's middle half▼ 3.721.50within the sector's middle half▼ 0.022.88within the sector's middle half▲ 1.371.91within the sector's middle half▼ 0.971.22within the sector's middle half▼ 0.69
Return on assets (ROA)8.0%within the sector's middle half▼ 21.1pp-4.5%below the sector's middle half▼ 12.5pp-2.9%below the sector's middle half▲ 1.6pp-25.0%below the sector's middle half▼ 22.2pp23.7%within the sector's middle half▲ 48.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,245 in 2025 against €12,421 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,765
Fixed assets
€7,889 ▼ 51.0%
Current assets
€30,876 ▼ 18.8%
Equity and liabilities €38,765
Equity
€13,383 ▲ 219%
Debt
€25,382 ▼ 49.2%
Debt's share of the balance-sheet total falls from 92.3% to 65.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€11,031▼
2024 · -€4,081
Cash flow
€17,404▲
2024 · -€5,220
Debt to equity
1.90▼
2024 · 11.92
ROE
68.7%▲
2024 · -323.5%
Interest coverage
-7.05▼
2024 · -3.54
Debt ≤ 1 year
€25,382▲
2024 · €19,955
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,470 | €8,969 | €8,607 | €8,340 | €8,214 | ▼ 1.5% |
| Other operating charges640/8 | €669 | €450 | €830 | €690 | €710 | ▲ 2.9% |
| Gross operating margin9900 | €17,639 | €6,539 | €9,169 | -€3,391 | -€10,321 | ▼ 204% |
| Operating profit (loss)9901 | €11,501 | -€2,879 | -€267 | -€12,421 | -€19,245 | ▼ 54.9% |
| Financial income75/76B | €556 | €310 | €23 | €15 | €30,000 | ▲ 195,340% |
| Recurring financial income75 | €556 | €310 | €23 | €15 | €30,000 | ▲ 195,340% |
| Non-recurring financial income76B | - | - | - | - | €30,000 | - |
| Financial charges65/66B | €986 | €1,288 | €1,492 | €1,154 | €1,565 | ▲ 35.6% |
| Recurring financial charges65 | €986 | €1,288 | €1,492 | €1,154 | €1,565 | ▲ 35.6% |
| Profit (loss) for the period before taxes9903 | €11,070 | -€3,857 | -€1,736 | -€13,560 | €9,191 | ▲ 168% |
| Income taxes67/77 | €2,471 | - | - | - | - | - |
| Profit (loss) for the period9904 | €8,599 | -€3,857 | -€1,736 | -€13,560 | €9,191 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €8,599 | -€3,857 | -€1,736 | -€13,560 | €9,191 | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,792 | €85,553 | €60,177 | €54,147 | €38,765 | ▼ 28.4% |
| Fixed assets21/28 | €36,713 | €33,049 | €24,442 | €16,102 | €7,889 | ▼ 51.0% |
| Tangible fixed assets22/27 | €36,713 | €33,049 | €24,442 | €16,102 | €7,889 | ▼ 51.0% |
| Plant, machinery and equipment23 | €2,213 | €2,012 | €1,227 | €710 | €319 | ▼ 55.0% |
| Furniture and vehicles24 | €34,500 | €31,038 | €23,215 | €15,392 | €7,570 | ▼ 50.8% |
| Current assets29/58 | €71,079 | €52,504 | €35,735 | €38,045 | €30,876 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €71,079 | €52,413 | €35,644 | €37,952 | €30,782 | ▼ 18.9% |
| Trade receivables40 | €56,004 | €47,523 | €28,700 | €33,147 | €26,383 | ▼ 20.4% |
| Other amounts receivable41 | €15,075 | €4,890 | €6,944 | €4,805 | €4,400 | ▼ 8.4% |
| Deferred charges and accrued income490/1 | - | €91 | €91 | €93 | €94 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,792 | €85,553 | €60,177 | €54,147 | €38,765 | ▼ 28.4% |
| Equity10/15 | €23,345 | €19,488 | €17,752 | €4,192 | €13,383 | ▲ 219% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €17,145 | €17,135 | €17,135 | €17,135 | €17,135 | = |
| Non-distributable reserves130/1 | €885 | €885 | €885 | €885 | €885 | = |
| Reserves not available under the articles1311 | €885 | €885 | €885 | €885 | €885 | = |
| Distributable reserves133 | €16,260 | €16,250 | €16,250 | €16,250 | €16,250 | = |
| Profit (loss) carried forward14 | - | -€3,847 | -€5,583 | -€19,143 | -€9,952 | ▲ 48.0% |
| Amounts payable17/49 | €84,447 | €66,065 | €42,425 | €49,955 | €25,382 | ▼ 49.2% |
| Amounts payable after more than one year17 | €7,897 | €1,137 | - | - | - | - |
| Financial debts170/4 | €7,897 | €1,137 | - | - | - | - |
| Amounts payable within one year42/48 | €46,550 | €34,927 | €12,425 | €19,955 | €25,382 | ▲ 27.2% |
| Current portion of amounts payable after more than one year42 | €6,648 | €6,760 | €1,137 | - | - | - |
| Financial debts43 | €9,434 | €995 | €5,033 | €5,488 | €8,166 | ▲ 48.8% |
| Credit institutions430/8 | €9,434 | €995 | €5,033 | €5,488 | €8,166 | ▲ 48.8% |
| Trade debts44 | €27,613 | €26,530 | €5,870 | €5,354 | €6,693 | ▲ 25.0% |
| Suppliers440/4 | €27,613 | €26,530 | €5,870 | €5,354 | €6,693 | ▲ 25.0% |
| Taxes, remuneration and social security45 | €2,471 | €258 | - | - | - | - |
| Taxes450/3 | €2,471 | €258 | - | - | - | - |
| Other amounts payable47/48 | €385 | €385 | €385 | €9,113 | €10,524 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €30,000 | €30,000 | €30,000 | €30,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,599 | -€3,857 | -€1,736 | -€13,560 | €9,191 | ▲ 168% |
| + Depreciation and write-downs630 | €5,470 | €8,969 | €8,607 | €8,340 | €8,214 | ▼ 1.5% |
| Operating cash flow (approximation) | €14,069 | €5,112 | €6,871 | -€5,220 | €17,404 | ▲ 433% |
| Investment in fixed assets (approximation) | - | -€5,305 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Novanex
BE 1027.120.528
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MAAR Consulting
BE 1013.108.283
Hoogstraten · Eq €13,387
YOKO WOK
BE 0758.760.526
Waterloo · Eq €13,375
D&E Marketing
BE 0757.656.211
Boutersem · Eq €13,392
NL GROUP
BE 1003.010.979
Overijse · Eq €13,372
Of 82,601 companies in this sector we hold annual accounts for 52,629. 26,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 28-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €9,191
Net result €9,191 after 3 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€13,560
Net result drops to -€13,560, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €16,011 ▲138%
Operating result €21,164, net result €16,011, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company (pre-2019) · founded 25-03-2002Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477167348
Also
9925:BE0477167348
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2003
Ground area
1,212 m²
Parcel 11010A0110/00Y000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oelegemsesteenweg 35, 2520 Ranst
since 2003unit no. 2.126.469.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010A0110/00Y000 | Flanders | 1,212 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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