A2pix
ActiveSummary
A2pix has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €8k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-21
Solvency47▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.14 in 2023; short-term debt: 77.7% and cash: 60.6% of total assets), and 77.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.3%
Return on assets
16.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
6 d late
2022
16 d late
2021
11 d early
2020
20 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▼ 79.0%
2023 · €39k
Working capital
€11k▲ 1.6%
2023 · €11k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13k▼ 41.3%€32k▲ 145%€41k▲ 30.8%€39k▼ 5.7%€8k▼ 78.6%
Net result€13k▼ 41.0%€32k▲ 146%€41k▲ 30.9%€39k▼ 5.8%€8k▼ 79.0%
Equity€10k▲ 3.6%€10k▲ 0.3%€10k▲ 2.9%€11k▲ 9.0%€11k▲ 1.6%
Total assets€49k▼ 35.9%€60k▲ 21.3%€114k▲ 90.5%€86k▼ 24.7%€49k▼ 42.8%
Debt€40k▼ 41.3%€50k▲ 26.4%€104k▲ 107%€75k▼ 27.9%€38k▼ 49.2%
Working capital€9k▲ 7.8%€9k▲ 2.3%€10k▲ 5.1%€11k▲ 9.0%€11k▲ 1.6%
Staff (FTE)0.8▼ 20.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 79% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €49k
Equity
€11k ▲ 1.6%
Debt
€38k ▼ 49.2%
Debt's share of the balance-sheet total falls from 87.5% to 77.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.29▲
2023 · 1.14
Debt to equity
3.49▼
2023 · 6.97
ROE
74.8%▼
2023 · 361.7%
ROA
16.7%▼
2023 · 45.4%
Debt ≤ 1 year
€38k▼
2023 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €338 | €186 | - | - | - | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €20k | €32k | €42k | €39k | €9k | ▼ 77.8% |
| Operating profit (loss)9901 | €13k | €32k | €41k | €39k | €8k | ▼ 78.6% |
| Financial income75/76B | - | €1 | €0 | €13 | - | - |
| Recurring financial income75 | €15 | €1 | €0 | €13 | - | - |
| Financial charges65/66B | - | €162 | €175 | €198 | €190 | ▼ 3.9% |
| Recurring financial charges65 | €98 | €162 | €175 | €198 | €190 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €13k | €32k | €41k | €39k | €8k | ▼ 79.0% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €13k | €32k | €41k | €39k | €8k | ▼ 79.0% |
| Profit (loss) for the period to be appropriated9905 | €13k | €32k | €41k | €39k | €8k | ▼ 79.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €60k | €114k | €86k | €49k | ▼ 42.8% |
| Fixed assets21/28 | €387 | €202 | - | - | - | - |
| Tangible fixed assets22/27 | €186 | - | - | - | - | - |
| Financial fixed assets28 | €202 | €202 | - | - | - | - |
| Current assets29/58 | €49k | €60k | €114k | €86k | €49k | ▼ 42.8% |
| Amounts receivable within one year40/41 | €13k | €20k | €43k | €26k | €19k | ▼ 24.8% |
| Trade receivables40 | - | €18k | €39k | €25k | €18k | ▼ 26.9% |
| Other amounts receivable41 | - | €2k | €4k | €696 | €1k | ▲ 49.5% |
| Cash at bank and in hand54/58 | €36k | €39k | €71k | €60k | €30k | ▼ 50.5% |
| Deferred charges and accrued income490/1 | - | - | €22 | €25 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €60k | €114k | €86k | €49k | ▼ 42.8% |
| Equity10/15 | €10k | €10k | €10k | €11k | €11k | ▲ 1.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €3k | €3k | ▲ 5.9% |
| Amounts payable17/49 | €40k | €50k | €104k | €75k | €38k | ▼ 49.2% |
| Amounts payable within one year42/48 | €40k | €50k | €104k | €75k | €38k | ▼ 49.2% |
| Current portion of amounts payable after more than one year42 | - | €7 | - | - | - | - |
| Financial debts43 | - | - | €7 | - | - | - |
| Credit institutions430/8 | - | - | €7 | - | - | - |
| Trade debts44 | €25k | €17k | €61k | €35k | €28k | ▼ 19.7% |
| Suppliers440/4 | - | €17k | €61k | €35k | €28k | ▼ 19.7% |
| Other amounts payable47/48 | - | €33k | €43k | €40k | €10k | ▼ 74.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €32k | €41k | €39k | €8k | ▼ 79.0% |
| + Depreciation and write-downs630 | €338 | €186 | - | - | - | - |
| Operating cash flow (approximation) | €13k | €32k | €41k | €39k | €8k | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €3k | €32k | €-11k | €-30k | ▼ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €8k ▼79%
Net result drops to €8k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Highest result since 2018net €41k ▲30.9%
Operating result €41k, net result €41k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are 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, Waterloo · 1 establishment unit since 2017
Ground area
1,391 m²
Building footprint
86 m²
Parcel 25110B0037/00A000, Wallonia. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
A2pix
since 20172.266.522.685
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0037/00A000 | Wallonia | 1,391 m² | 1 · 86 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.
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Of 14,143 companies in sector 74201 we hold annual accounts for 2,610. 1,189 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 (pre-2019)
Founded25-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
Scores and ratios are computed by Checked and are not a credit decision.