Equity
€36,164 from €109,842 in 2024
Equity fell by 67% in 1 year.
A Vapps
Lifetime
13 annual accounts with figures on one time axispeak €84,207 (2022)
€11,704▼ 79.0%
lowest -€31,999 (2025)
-€31,999▼ €54,774
peak €109,842 (2024)
€36,164▼ 67.1%
€148,720▲ 103%
Board1 name since 2013
1 directorVerstraete Johan
Documentsfilings and deeds
14-09-202645 days late
2025micro format
Gross margin from €55,831 to €11,704Loss of €31,999Dividend €41,679Equity from €109,842 to €36,164Debts from €73,434 to €148,720Cash from €14,541 to €558
Key points
from the 2025 annual accountsResult
-€31,999 -€31,999
From profit to loss in 2025, after a profit of €22,775 in 2024.
Debts
€148,720 ▲ 103%
Debts rose by €75,287 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€36,273 2.4 × depreciation
Green is investment, beige is depreciation.
Filings
13 annual accounts since 2013
Nine of the last ten came late. The 2021 accounts came latest: 69 days after the end of the period.
Position in the sector
-€31,999
Lower net result than 93% of companies in creative and performing arts. Sector median €6,309 · 2,482 companies.
Checked score
50
Fair
Financially stronger than 15% of micro companies in creative and performing arts (NACE 90)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,431 companies (NACE 90, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.8%▼ -0.1 percentage points vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.3 percentage points vs 07-2025
09-2025: 1.3%▲ +0.1 percentage points vs 08-2025
10-2025: 1.9%▲ +0.6 percentage points vs 09-2025
11-2025: 0.3%▼ -1.6 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 2.4%▲ +1.9 percentage points vs 09-2026highest value
11-2026: 2.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 45 days late; 2 of the last 3 accounts late
Loss of €31,999 (financial year 2025)
Liquidity: current ratio 1.40, cash €558, halved
lowers risk
Size: total assets €184,884
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 90, micro). It does better than 29% of them on solvency, 14% on liquidity, 7% on profitability and 9% on growth.
The bankruptcy probability was computed on 07-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,294 companies had the same profile as A Vapps has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A Vapps itself: 2.4% 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 1,294 companies, not a prediction for A Vapps. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.4 (3.58 in 2024), below the usual 1.5. Short-term debt is 51.6% and cash 0.3% of total assets. 80.4% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 45 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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
45 days late
2024
60 days late
2023
29 days late
2022
31 days late
2021
69 days late
2020
3 days early
2019
11 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 35 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% 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 14 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0533721021
Change of role: Verstraete Johan, from manager to director
Gazette deed
Incorporation
published on 08-05-2013 · Gazette deed
First establishment
AVapps, Kerkdreef 8, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A Vapps Ghent | €184,884 | €11,704 | 19.6% | - |
| BELACOUSTICS Moorslede | €200,662 | €8,743 | 13.2% | 0 |
| L'ANTILOPE JOYEUSE Molenbeek-Saint-Jean | €150,800 | €15,837 | 44.0% | - |
| RED BACK Farciennes | €227,324 | €16,466 | -240.2% | - |
| Retec Kasterlee | €129,131 | €12,741 | 6.3% | 0.2 |
| Nonkel Jos Antwerp | €161,026 | €17,522 | 68.9% | - |
| BRAM LENS Bonheiden | €170,716 | €19,649 | 95.7% | - |
These companies have the same main activity as A Vapps: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €129,000 and €227,000, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 22-04-2013Normal situation
- Activity
- Specialised image, lighting and sound technical servicesNACE 90393and 2 others
- Establishment unit
- 2.218.893.3119051 Ghent, since 22-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on A Vapps
A Vapps files the micro format. That format states no turnover. The gross margin rose from -€7,359 in 2013 to €11,704 in 2025.
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 Vapps
- What is the company number of A Vapps?
- The company number of A Vapps is 0533.721.021. The VAT number is the same number with BE in front: BE 0533.721.021.
- Where is A Vapps based?
- The registered office is at Kerkdreef 8, 9051 Ghent.Company details
- What does A Vapps do?
- According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
- What is the legal form of A Vapps?
- A Vapps is a private limited company (BV).
- When was A Vapps founded?
- A Vapps was founded on 22-04-2013.
- Is A Vapps still active?
- Yes, A Vapps is an active enterprise in the KBO register.
- What is the turnover of A Vapps?
- The turnover in financial year 2025 is ≈ €66,000. This figure is estimated from the gross margin of €11,704 and 45 comparable companies (NACE 903). It probably lies between €33,000 and €140,000. It is a rough estimate.Financials
- Is A Vapps profitable?
- In financial year 2025, A Vapps made a loss of €31,999.
- Where can I find the annual accounts of A Vapps?
- A Vapps filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A Vapps due?
- A Vapps must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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