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AAP IMMO

Active
Private limited companyfounded 20179 yrs activeFruithoflaan 103, 2600 Antwerpen, BelgiumKBO/BCE: BE 0681.949.095
Summary

AAP IMMO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €195,463 and a net result of €38,007. Equity is growing by ~15.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency64▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.11 in 2023; short-term debt: 6.2% and cash: 6.6% of total assets), and 60.7% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
31 d early
2024
30 d early
2023
15 d early
2022
7 d early
2021
3 d early
2020
18 d early
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AAP IMMO was incorporated on 29 September 2017.1 Total assets rose from €357,998 in 2018 to €497,850 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
€195,463▲ 7.1%
2023 · €182,456
Total assets
€497,850▼ 0.6%
2023 · €500,823
Net result
€38,007▲ 18.1%
2023 · €32,188
Working capital
€8,541▲ 182%
2023 · €3,032
Trend over the years
In euros
In euros
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€20,966▲ 221%€16,481▼ 21.4%€49,525▲ 200%€49,697▲ 0.3%€57,366▲ 15.4%
Net result€16,763▲ 744%€9,086▼ 45.8%€31,498▲ 247%€32,188▲ 2.2%€38,007▲ 18.1%
Equity€109,685▲ 18.0%€118,771▲ 8.3%€150,268▲ 26.5%€182,456▲ 21.4%€195,463▲ 7.1%
Total assets€353,178▲ 1.8%€510,871▲ 44.6%€492,323▼ 3.6%€500,823▲ 1.7%€497,850▼ 0.6%
Debt€243,493▼ 4.1%€392,100▲ 61.0%€342,055▼ 12.8%€318,367▼ 6.9%€302,387▼ 5.0%
Working capital-€21,254▲ 42.1%-€45,231▼ 113%-€21,003▲ 53.6%€3,032€8,541▲ 182%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €20,966€20,966Net result 2020: €16,763€16,763Operating result 2021: €16,481€16,481Net result 2021: €9,086€9,086Operating result 2022: €49,525€49,525Net result 2022: €31,498€31,498Operating result 2023: €49,697€49,697Net result 2023: €32,188€32,188Operating result 2024: €57,366€57,366Net result 2024: €38,007€38,00720202021202220232024€0€20,000€40,000€60,000Operating result 2022: €49,525€49,500Net result 2022: €31,498€31,500Operating result 2023: €49,697€49,700Net result 2023: €32,188€32,200Operating result 2024: €57,366€57,400Net result 2024: €38,007€38,000202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €497,850
Fixed assets €458,479 ▼ 2.7%
Current assets €39,371 ▲ 33.3%
Equity and liabilities €497,850
Equity €195,463 ▲ 7.1%
Debt €302,387 ▼ 5.0%
Debt's share of the balance-sheet total falls from 63.6% to 60.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€70,166▲
2023 · €62,496
Cash flow
€50,806▲
2023 · €44,987
Current ratio
1.28▲
2023 · 1.11
Debt to equity
1.55▼
2023 · 1.74
ROE
19.4%▲
2023 · 17.6%
ROA
7.6%▲
2023 · 6.4%
Interest coverage
10.49▲
2023 · 9.22
Debt ≤ 1 year
€30,831▲
2023 · €26,513
Debt > 1 year
€270,923▼
2023 · €291,591
Income taxes
€12,669▲
2023 · €10,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
2.7% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,781 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€500,823€497,850▼
Fixed assets21/28€471,278€458,479▼
Tangible fixed assets22/27€471,278€458,479▼
Land and buildings22€471,278€458,479▼
Current assets29/58€29,545€39,371▲
Amounts receivable within one year40/41€2,107€64▼
Other amounts receivable41€2,107€64▼
Cash at bank and in hand54/58€27,351€32,792▲
Deferred charges and accrued income490/1€87€6,515▲
Equity and liabilities
Total equity and liabilities10/49€500,823€497,850▼
Equity10/15€182,456€195,463▲
Contributions10/11€111,000€111,000=
Reserves13€71,456€84,463▲
Distributable reserves133€71,456€84,463▲
Amounts payable17/49€318,367€302,387▼
Amounts payable after more than one year17€291,591€270,923▼
Financial debts170/4€291,591€270,923▼
Amounts payable within one year42/48€26,513€30,831▲
Current portion of amounts payable after more than one year42€20,314€20,668▲
Financial debts43€856€856=
Credit institutions430/8€856€856=
Taxes, remuneration and social security45€729€3,398▲
Taxes450/3€729€3,398▲
Other amounts payable47/48€4,613€5,909▲
Accrued charges and deferred income492/3€263€633▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,799€12,799=
Other operating charges640/8€6,671€6,934▲
Gross operating margin9900€69,167€77,099▲
Operating profit (loss)9901€49,697€57,366▲
Financial charges65/66B€6,780€6,690▼
Recurring financial charges65€6,780€6,690▼
Profit (loss) for the period before taxes9903€42,917€50,676▲
Income taxes67/77€10,729€12,669▲
Profit (loss) for the period9904€32,188€38,007▲
Profit (loss) for the period to be appropriated9905€32,188€38,007▲
Appropriation of the result
Profit (loss) to be appropriated9906€32,188€38,007▲
Transfer from equity791/2-€25,000
Transfer to equity691/2€32,188€38,007▲
To other reserves6921€32,188€38,007▲
Profit to be distributed694/7-€25,000
Return on contributions (dividend)694-€25,000

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,389€21,420€12,799€12,799€12,799=
Other operating charges640/8-€4,470€6,236€6,671€6,934▲ 3.9%
Gross operating margin9900€34,615€42,371€68,560€69,167€77,099▲ 11.5%
Operating profit (loss)9901€20,966€16,481€49,525€49,697€57,366▲ 15.4%
Recurring financial income75€113-----
Financial charges65/66B-€5,866€7,563€6,780€6,690▼ 1.3%
Recurring financial charges65€4,316€5,866€7,563€6,780€6,690▼ 1.3%
Profit (loss) for the period before taxes9903€16,763€10,615€41,962€42,917€50,676▲ 18.1%
Income taxes67/77-€1,529€10,464€10,729€12,669▲ 18.1%
Profit (loss) for the period9904€16,763€9,086€31,498€32,188€38,007▲ 18.1%
Profit (loss) for the period to be appropriated9905€16,763€9,086€31,498€32,188€38,007▲ 18.1%
Line20202021202220232024Change
Assets
Total assets20/58€353,178€510,871€492,323€500,823€497,850▼ 0.6%
Fixed assets21/28€337,557€496,876€484,077€471,278€458,479▼ 2.7%
Tangible fixed assets22/27€337,557€496,876€484,077€471,278€458,479▼ 2.7%
Land and buildings22-€496,876€484,077€471,278€458,479▼ 2.7%
Current assets29/58€15,621€13,994€8,246€29,545€39,371▲ 33.3%
Amounts receivable after more than one year29-€3,558----
Other amounts receivable291-€3,558----
Amounts receivable within one year40/41---€2,107€64▼ 97.0%
Other amounts receivable41---€2,107€64▼ 97.0%
Cash at bank and in hand54/58€15,621€10,436€8,246€27,351€32,792▲ 19.9%
Deferred charges and accrued income490/1---€87€6,515▲ 7,408%
Equity and liabilities
Total equity and liabilities10/49€353,178€510,871€492,323€500,823€497,850▼ 0.6%
Equity10/15€109,685€118,771€150,268€182,456€195,463▲ 7.1%
Contributions10/11-€111,000€111,000€111,000€111,000=
Reserves13-€7,771€39,268€71,456€84,463▲ 18.2%
Distributable reserves133-€7,771€39,268€71,456€84,463▲ 18.2%
Profit (loss) carried forward14-€1,315-----
Amounts payable17/49€243,493€392,100€342,055€318,367€302,387▼ 5.0%
Amounts payable after more than one year17€206,617€331,873€311,906€291,591€270,923▼ 7.1%
Financial debts170/4-€331,873€311,906€291,591€270,923▼ 7.1%
Amounts payable within one year42/48€36,875€59,225€29,249€26,513€30,831▲ 16.3%
Current portion of amounts payable after more than one year42-€19,626€19,967€20,314€20,668▲ 1.7%
Financial debts43--€675€856€856=
Credit institutions430/8--€675€856€856=
Taxes, remuneration and social security45-€1,529€3,993€729€3,398▲ 366%
Taxes450/3-€1,529€3,993€729€3,398▲ 366%
Other amounts payable47/48-€38,070€4,613€4,613€5,909▲ 28.1%
Accrued charges and deferred income492/3-€1,002€900€263€633▲ 141%
Line20202021202220232024Change
Profit (loss) for the period9904€16,763€9,086€31,498€32,188€38,007▲ 18.1%
+ Depreciation and write-downs630€9,389€21,420€12,799€12,799€12,799=
Operating cash flow (approximation)€26,152€30,506€44,297€44,987€50,806▲ 12.9%
Investment in fixed assets (approximation)--€180,739€0€0€0-
Change in cash--€5,184-€2,190€19,105€5,442▼ 71.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €38,007 ▲18.1%
Operating result €57,366, net result €38,007, both a record.
16-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity quadruplescurrent ratio 1.11
Current ratio from 0.28 to 1.11; short-term debt falls from €29,249 to €26,513.
24-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Equity above €150,000Eq €150,268 ▲26.5%
4 profitable years in a row build equity to €150,268.
28-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Equity above €100,000Eq €109,685 ▲18%
2 profitable years in a row build equity to €109,685.
27-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €1,986
Net result €1,986 after one loss-making year.
02-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
seat establishment approximate The establishment unit on the map
Ground area
2,895 m²
Building footprint
331 m²
Volume, LiDAR
12,332 m³
Parcel 11003A0254/00E002, Flanders · tallest building 40.0 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
AAP IMMO
Fruithoflaan 103, 2600 AntwerpenRenting and operating of own or leased residential real estate, excluding social housing
since 2017unit no. 2.268.488.322
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003A0254/00E002indicative Flanders 2,895 m² 1 · 331 m² 40.0 m · 12 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPrivate limited company
Founded29-09-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0681949095
Also 9925:BE0681949095
Registered 01-09-2025

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.