A PLUS
ActiveSummary
A PLUS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,735 and a net result of €62,644. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 11.9 against 7.01 in 2024; short-term debt: 8.1% and cash: 58.2% of total assets), and 9.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
90.7%
Return on assets
29.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
52 d early
2023
on the day
2022
on the day
2021
38 d early
2020
2 d early
2019
on the day
← 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 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€192,735▲ 48.2%
2024 · €130,091
Total assets
€212,479▲ 38.3%
2024 · €153,620
Net result
€62,644▲ 156%
2024 · €24,442
Working capital
€187,969▲ 48.8%
2024 · €126,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,945▼ 90.2%€44,000▲ 2,163%€34,662▼ 21.2%€38,392▲ 10.8%€94,990▲ 147%
Net result€300within the sector's middle half▼ 98.0%€30,524above the sector's middle half▲ 10,091%€22,647within the sector's middle half▼ 25.8%€24,442within the sector's middle half▲ 7.9%€62,644above the sector's middle half▲ 156%
Equity€52,479within the sector's middle half▲ 0.6%€83,003within the sector's middle half▲ 58.2%€105,649within the sector's middle half▲ 27.3%€130,091within the sector's middle half▲ 23.1%€192,735above the sector's middle half▲ 48.2%
Total assets€86,480within the sector's middle half▼ 8.1%€109,480within the sector's middle half▲ 26.6%€125,724within the sector's middle half▲ 14.8%€153,620within the sector's middle half▲ 22.2%€212,479within the sector's middle half▲ 38.3%
Debt€34,001▼ 18.9%€26,477▼ 22.1%€20,074▼ 24.2%€23,529▲ 17.2%€19,743▼ 16.1%
Working capital€30,139within the sector's middle half▼ 10.4%€74,296within the sector's middle half▲ 147%€98,787within the sector's middle half▲ 33.0%€126,327above the sector's middle half▲ 27.9%€187,969above the sector's middle half▲ 48.8%
Solvency60.7%within the sector's middle half▲ 5.2pp75.8%above the sector's middle half▲ 15.1pp84.0%above the sector's middle half▲ 8.2pp84.7%above the sector's middle half▲ 0.7pp90.7%above the sector's middle half▲ 6.0pp
Current ratio1.94within the sector's middle half▼ 0.324.10above the sector's middle half▲ 2.166.62above the sector's middle half▲ 2.527.01above the sector's middle half▲ 0.3911.90above the sector's middle half▲ 4.89
Return on assets (ROA)0.3%within the sector's middle half▼ 15.3pp27.9%above the sector's middle half▲ 27.5pp18.0%above the sector's middle half▼ 9.9pp15.9%above the sector's middle half▼ 2.1pp29.5%above the sector's middle half▲ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 147% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,479
Fixed assets
€7,266 ▲ 16.0%
Current assets
€205,212 ▲ 39.3%
Equity and liabilities €212,479
Equity
€192,735 ▲ 48.2%
Debt
€19,743 ▼ 16.1%
Debt's share of the balance-sheet total falls from 15.3% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,042▲
2024 · €41,490
Cash flow
€65,696▲
2024 · €27,540
Quick ratio
8.16▲
2024 · 3.79
Debt to equity
0.10▼
2024 · 0.18
ROE
32.5%▲
2024 · 18.8%
Interest coverage
614.61▲
2024 · 184.47
Debt ≤ 1 year
€17,243▼
2024 · €21,029
Income taxes
€32,354▲
2024 · €13,805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 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 0.4% 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 497,338 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% | 1.9% |
| 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 31,370 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,248 | €13,568 | €4,855 | €3,098 | €3,052 | ▼ 1.5% |
| Other operating charges640/8 | - | €533 | €1,682 | €1,634 | €1,868 | ▲ 14.3% |
| Gross operating margin9900 | €16,419 | €58,102 | €41,199 | €43,124 | €99,910 | ▲ 132% |
| Operating profit (loss)9901 | €1,945 | €44,000 | €34,662 | €38,392 | €94,990 | ▲ 147% |
| Financial income75/76B | - | €1,949 | €1,648 | €79 | €168 | ▲ 111% |
| Recurring financial income75 | €0 | €1,949 | €54 | €79 | €168 | ▲ 111% |
| Non-recurring financial income76B | - | - | €1,594 | - | - | - |
| Financial charges65/66B | - | €1,035 | €365 | €225 | €160 | ▼ 29.1% |
| Recurring financial charges65 | €1,362 | €1,035 | €365 | €225 | €160 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €583 | €44,915 | €35,945 | €38,246 | €94,998 | ▲ 148% |
| Income taxes67/77 | €283 | €14,391 | €13,298 | €13,805 | €32,354 | ▲ 134% |
| Profit (loss) for the period9904 | €300 | €30,524 | €22,647 | €24,442 | €62,644 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €300 | €30,524 | €22,647 | €24,442 | €62,644 | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,480 | €109,480 | €125,724 | €153,620 | €212,479 | ▲ 38.3% |
| Fixed assets21/28 | €24,123 | €11,207 | €9,363 | €6,264 | €7,266 | ▲ 16.0% |
| Tangible fixed assets22/27 | €24,009 | €11,093 | €9,249 | €6,150 | €7,152 | ▲ 16.3% |
| Plant, machinery and equipment23 | - | €207 | €977 | €489 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | €873 | €1,691 | €745 | €3,900 | ▲ 423% |
| Other tangible fixed assets26 | - | €10,013 | €6,580 | €4,916 | €3,252 | ▼ 33.9% |
| Financial fixed assets28 | €114 | €114 | €114 | €114 | €114 | = |
| Current assets29/58 | €62,357 | €98,273 | €116,361 | €147,356 | €205,212 | ▲ 39.3% |
| Stocks and contracts in progress3 | €42,222 | €47,338 | €49,186 | €67,687 | €64,486 | ▼ 4.7% |
| Stocks30/36 | - | €47,338 | €49,186 | €67,687 | €64,486 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €6,682 | €2,541 | €731 | €5,017 | €13,273 | ▲ 165% |
| Trade receivables40 | - | €2,540 | €731 | €734 | €9,691 | ▲ 1,221% |
| Other amounts receivable41 | - | €1 | €1 | €4,283 | €3,582 | ▼ 16.4% |
| Cash at bank and in hand54/58 | €11,713 | €43,741 | €60,261 | €69,744 | €123,657 | ▲ 77.3% |
| Deferred charges and accrued income490/1 | - | €4,653 | €6,183 | €4,908 | €3,797 | ▼ 22.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,480 | €109,480 | €125,724 | €153,620 | €212,479 | ▲ 38.3% |
| Equity10/15 | €52,479 | €83,003 | €105,649 | €130,091 | €192,735 | ▲ 48.2% |
| Contributions10/11 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €165 | €21,029 | €43,676 | €68,118 | €130,762 | ▲ 92.0% |
| Tax-exempt reserves132 | - | €165 | €165 | €165 | €165 | = |
| Distributable reserves133 | - | €20,864 | €43,511 | €67,953 | €130,597 | ▲ 92.2% |
| Profit (loss) carried forward14 | -€9,659 | - | - | - | - | - |
| Amounts payable17/49 | €34,001 | €26,477 | €20,074 | €23,529 | €19,743 | ▼ 16.1% |
| Amounts payable after more than one year17 | €1,783 | - | - | - | - | - |
| Amounts payable within one year42/48 | €32,218 | €23,977 | €17,574 | €21,029 | €17,243 | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €1,783 | - | - | - | - |
| Trade debts44 | €10,240 | €2,744 | €4,904 | €16,136 | €2,345 | ▼ 85.5% |
| Suppliers440/4 | - | €2,744 | €4,904 | €16,136 | €2,345 | ▼ 85.5% |
| Taxes, remuneration and social security45 | - | €14,391 | €12,013 | €4,893 | €14,898 | ▲ 205% |
| Taxes450/3 | - | €14,391 | €12,013 | €4,893 | €14,898 | ▲ 205% |
| Other amounts payable47/48 | - | €5,059 | €657 | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €300 | €30,524 | €22,647 | €24,442 | €62,644 | ▲ 156% |
| + Depreciation and write-downs630 | €13,248 | €13,568 | €4,855 | €3,098 | €3,052 | ▼ 1.5% |
| Operating cash flow (approximation) | €13,548 | €44,092 | €27,501 | €27,540 | €65,696 | ▲ 139% |
| Investment in fixed assets (approximation) | - | -€652 | -€3,011 | €0 | -€4,055 | - |
| Change in cash | - | €32,028 | €16,520 | €9,483 | €53,913 | ▲ 469% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €62,644 ▲156%
Operating result €94,990, net result €62,644, both a record.
30-06
Financial
Equity above €150,000Eq €192,735 ▲48.2%
7 profitable years in a row build equity to €192,735.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €105,649 ▲27.3%
5 profitable years in a row build equity to €105,649.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 4.10
Current ratio from 1.94 to 4.10; short-term debt falls from €32,218 to €23,977.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €300 ▼98%
Net result drops to €300, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 1992
Ground area
945 m²
Building footprint
105 m²
Volume, LiDAR
518 m³
Parcel 12025D0360/00G000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DE GOUDVIS
since 19922.059.407.493
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0360/00G000 | Flanders | 945 m² | 1 · 105 m² | 11.6 m · 1 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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BIJORCA
BE 0819.956.539
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G-TIME
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HET JUWEELATELIER
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Of 565 companies in sector 46480 we hold annual accounts for 355. 256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-1992
Fiscal year end30-06
Activities, NACEBEL 2025
46480Wholesale trade
46499Wholesale of other household goods
47770Retail sale of watches and jewellery
Contact
E-mail
aplus@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448249668
Registered
25-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.