AAPS
ActiveSummary
The computed 12-month bankruptcy probability of AAPS is 2.2% (moderate). The 2025 annual accounts show equity of €54,360 and a net result of €4,360. Its solvency ranks better than 43% of 16,853 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Full-service restaurants
NACE 56111
1 site
Size
€253,429total assets 2025
- Staff
- 11.3 FTE
- Equity
- €54,360
- Profit
- €4,360
Turnover not published (micro format)
Structure
- Board
- 5 members
2025 accounts 21 days early
Why 53raises riskSector: Food and beverage service activities (NACE 56)Founded in 2025Size: total assets €253,429lowers riskLiquidity: current ratio 0.45, cash €47,553Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 49% of its sector peers (NACE 56, micro)
Financial strength
Average
Solvency
46
equity 21.4% of total assets
Liquidity
52
short-term debt 44.5% · cash 18.8%
Profitability
71
return on assets 1.7%
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.45, below 1; short-term debt: 44.5% and cash: 18.8% of total assets), and 78.6% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 43% on solvency, 54% on liquidity and 51% on profitability.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
21 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Resignations: Gurung Krishna (director) and Adhikari…Appointment: Rohit Bista (additional director)
- Appointment: Malla Thakuri Birendra (additional director)Gazette deed
Financials · financial year 2025, micro format
Equity
€54,360
Total assets
€253,429
Net result
€4,360
Working capital
-€61,840
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €253,429
Fixed assets
€202,586
Current assets
€50,843
Equity and liabilities €253,429
Equity
€54,360
Debt
€199,069
Debt finances 78.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,150
Cash flow
€14,689
Current ratio
0.45
Debt to equity
3.66
ROE
8.0%
ROA
1.7%
Interest coverage
12.40
Debt ≤ 1 year
€112,682
Debt > 1 year
€85,299
Income taxes
€1,092
Staff costs
€19,474
Peer companies
Historical observationOf the 12,107 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97.3% are still going.
- Small
- solvency 10 to 30%
- a profit under 5% of the balance sheet
- without age
1.2%
went bankrupt
1.4%
stopped otherwise
97.3%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,107 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 | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €19,474 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,329 |
| Other operating charges640/8 | €286 |
| Gross operating margin9900 | €36,910 |
| Operating profit (loss)9901 | €6,820 |
| Financial income75/76B | €14 |
| Recurring financial income75 | €14 |
| Financial charges65/66B | €1,383 |
| Recurring financial charges65 | €1,383 |
| Profit (loss) for the period before taxes9903 | €5,452 |
| Income taxes67/77 | €1,092 |
| Profit (loss) for the period9904 | €4,360 |
| Profit (loss) for the period to be appropriated9905 | €4,360 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €253,429 | |
| Fixed assets21/28 | €202,586 | |
| Intangible fixed assets21 | €168,755 | |
| Tangible fixed assets22/27 | €29,178 | |
| Plant, machinery and equipment23 | €21,023 | |
| Furniture and vehicles24 | €8,156 | |
| Financial fixed assets28 | €4,653 | |
| Current assets29/58 | €50,843 | |
| Amounts receivable within one year40/41 | €2,823 | |
| Trade receivables40 | €86 | |
| Other amounts receivable41 | €2,737 | |
| Cash at bank and in hand54/58 | €47,553 | |
| Deferred charges and accrued income490/1 | €467 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €253,429 | |
| Equity10/15 | €54,360 | |
| Contributions10/11 | €50,000 | |
| Reserves13 | €4,360 | |
| Distributable reserves133 | €4,360 | |
| Amounts payable17/49 | €199,069 | |
| Amounts payable after more than one year17 | €85,299 | |
| Financial debts170/4 | €85,299 | |
| Amounts payable within one year42/48 | €112,682 | |
| Current portion of amounts payable after more than one year42 | €14,032 | |
| Trade debts44 | €8,085 | |
| Suppliers440/4 | €8,085 | |
| Taxes, remuneration and social security45 | €25,439 | |
| Taxes450/3 | €12,594 | |
| Remuneration and social security454/9 | €12,844 | |
| Other amounts payable47/48 | €65,127 | |
| Accrued charges and deferred income492/3 | €1,088 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €4,360 |
| + Depreciation and write-downs630 | €10,329 |
| Operating cash flow (approximation) | €14,689 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00278306 |
Similar companies · same sector, comparable size
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Nikkei Antwerp
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Of the 20,107 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,742. 10,049 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
5 directors, no change since 2026
Rohit Bista
CurrentAdditional director · since 01-04-2026
Malla Thakuri Birendra
CurrentAdditional director · since 01-06-2026
4 BHAI
CurrentDirector (not named in the articles) · since 16-09-2025 · Legal entity · from a recent deed
Shashidhar Adhikari
CurrentDirector (not named in the articles) · since 16-09-2025 · from a recent deed
Suman Bogati
CurrentDirector (not named in the articles) · since 16-09-2025 · from a recent deed
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
7 people since 2025, 5 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| 4 BHAIfrom an act |
|
| Shashidhar Adhikarifrom an act |
|
| Suman Bogatifrom an act |
|
| Rohit Bista |
|
| Malla Thakuri Birendra |
|
| Adhikari Shashidar |
|
| Gurung Krishna |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 16-09-2025 ↗
- Krishna Gurung 12,500 shares (25%) · €12,500
- Suman Bogati 12,500 shares (25%) · €12,500
- Shashidhar Adhikari 12,500 shares (25%) · €12,500
- 4 BHAI (BE 0678.844.206) 12,500 shares (25%) · €12,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 16-09-2025 Incorporation · €50,000 · 50,000 shares
Group and network
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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History
Acts, filings and financial milestones
2026
10-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
09-07
Gazette deed
Resignations: Gurung Krishna (director) and Adhikari Shashidar (director)Appointment: Rohit Bista (additional director)4 facts ▸
Gazette deed
Resignations: Gurung Krishna (director) and Adhikari Shashidar (director)
Appointment: Rohit Bista (additional director)4 facts ▸
- General meeting, 31-03-2026
- Director resignation, Gurung Krishna (director)
- Director resignation, Adhikari Shashidar (director)
- Director appointment, Rohit Bista (additional director)
09-07
Gazette deed
Appointment: Malla Thakuri Birendra (additional director)3 facts ▸
Gazette deed
Appointment: Malla Thakuri Birendra (additional director)
3 facts ▸
- General meeting, 31-05-2026
- Director appointment, Malla Thakuri Birendra (additional director)
- Director in office, GIRI Raju (director)
2025
16-09
Gazette deed
IncorporationAppointments: Krishna Gurung, Suman Bogati and 2 others · Permanent representative: Raju Giri · Founder14 facts ▸
Gazette deed
Incorporation
Appointments: Krishna Gurung, Suman Bogati and 2 others · Permanent representative: Raju Giri · Founder14 facts ▸
- Incorporation, 11-09-2025
- Founder, Krishna Gurung
- Founder, Suman Bogati
- Founder, Shashidhar Adhikari
- Founder, 4 BHAI
- Bank account, “het bedrag van deze stortingen, hetzij €50,000, is gedeponeerd op een bijzondere rekening” (deed in Dutch)
- Registered office clause, “3000 Leuven, Muntstraat 4” (deed in Dutch)
- Board rule, 4
- Director appointment, Krishna Gurung (director (not named in the articles))
- Director appointment, Suman Bogati (director (not named in the articles))
- Director appointment, Shashidhar Adhikari (director (not named in the articles))
- Director appointment, 4 BHAI (director (not named in the articles))
- +2 further facts in this act
Gazette deedNBB filing
3 of 3 deeds read
Register details
Identification
Legal formPrivate limited company
Founded12-09-2025
Financial year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail
rajugiri2325@gmail.com
Phone
0485206648
E-invoicing
Reachable via Peppol
Peppol ID
0208:1027581277
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuvenunit no. 2.378.012.705
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2025
Ground area
113 m²
Building footprint
97 m²
Building volume
1,171 m³
Parcel 24502B0914/00E000, Flanders · tallest building 17.6 m. Linked by address, not a title deed.
1 establishment unit
AAPS
since 2025unit no. 2.378.012.705
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24502B0914/00E000 | Flanders | 113 m² | 1 · 97 m² | 17.6 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Uitbating, in de meest uitgebreide zin van het woord, van: hotel, café, herberg, restaurant, camping, recreatiedomein, “gite-rural”…” (deed in Dutch)
19 activities (deed in Dutch)
- Uitbating, in de meest uitgebreide zin van het woord, van: hotel, café, herberg, restaurant, camping, recreatiedomein, “gite-rural”, ontspannings-gelegenheid, hotellerie, logementshuis, koffiehuis, spijshuis, tearoom, verbruikssalon, milkbar, snackbar, frituur, eethuis, brasserie, taverne, drankgelegenheid, dancing, discotheek, bar.
- Exploitatie van horecagelegenheden, zoals voormeld, waaronder begrepen: de aan- en verkoop van snacks en/of bereide schotels (ook om mee te nemen) en het inrichten van banketten alsook het bedelen van bereide schotels en spijzen en van alle eraan verbonden producten, van koude en warme maaltijden.
- Aanneming, inrichting en organisatie van banketten, feesten, feestmaaltijden, recepties, vergaderingen, seminaries, congressen, workshops en allerhande manifestaties, dit alles in de meest uitgebreide zin, niets uitgezonderd, waaronder begrepen: de aan- en verkoop van bereide schotels, het bedelen van bereide schotels en spijzen, van alle eraan verbonden producten, van koude en warme maaltijden, alsook de verkoop van bereide schotels om mee te nemen, van alle warme en koude dranken, alcoholische en niet alcoholische, bieren, wijnen, sterke dranken, likeuren, cider, champagne, zonder dat deze omschrijving beperking is, doch enkel aanwijzend, en in het algemeen alle handelsactiviteiten die verband houden met de horecasector.
- Traiteurdienst en uitbating van traiteursbedrijf, alsook de bereiding en handel van alle koude en warme gerechten, waaronder begrepen: de verkoop van bereide schotels en spijzen van koud en warm buffet, van wijnen en andere dranken; de bereiding van warme of koude maaltijden, belegde broodjes, bereide vis- en vleeswaren, soepen, roomijs, chocolade houdende producten, gebak en confiserie, enzovoort, dit alles bestemd om ter plaatse te worden gebruikt of om te worden meegenomen.
- Traiteur-, feest- of banketaannemer, catering en traiteurdienst in de meest ruime zin.
- De aan- en verkoop, huur en verhuur van zalen, benodigdheden, horecamaterialen en alle materialen in verband met traiteur- en cateringdiensten.
- Het ter beschikking stellen en de exploitatie van feestzalen en vergaderruimten, zowel met als zonder bediening.
- Verhuring van feest- en banketbenodigdheden, van tenten en volledige feestzaalinrichtingen, van recreatieve toestellen en inrichtingen, dit alles in de meest uitgebreide zin, niets uitgezonderd.
- Het zorgen voor animatie tijdens feesten.
- Het verzorgen van muzikale omlijsting van allerlei feesten en aanverwanten.
- Het hotelwezen en de dienstverlening met betrekking tot aanvullende en aanverwante bedrijvigheden.
- Organisatie van toeristische en culturele evenementen, arrangementen en promoties.
- Klein- en groothandel in voedingsproducten, vleeswaren, wild en gevogelte, vis, producten van de broodbakkerij, fruit, groeten en aardappelen, zuivelproducten, kaas, kruiden, sauzen, soepen, conserven, wijnen, likeuren, geestrijke en andere dranken, enzovoort.
- De handel in het algemeen in: bieren, waters, limonaden, fruitsappen en alle andere dranken alsook in allerhande eetwaren.
- Het vervaardigen of laten vervaardigen en het vervoeren van alle voormelde producten, materialen en materieel.
- De aan- en verkoop, de in- en export van producten en materialen, met uitzondering van deze producten en materialen waarvoor een vergunning, erkenning of melding vereist is, behoudens degene waarvoor een vergunning, erkenning of melding bekomen werd.
- Het verkopen van producten via webshop.
- Het in de ruimste zin van het woord verlenen van diensten - zowel consultancy als implementatie -, advies en bijstand aan particulieren, de non-profit sector, de bedrijfswereld en de overheid van financiële, technische, (bedrijfs)economische, strategische, sociale, organisatorische, commerciële of administratieve aard.
- Alle handelsactiviteiten die verband houden met de horecasector
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- AAPS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien er drie of meer bestuurders zijn, vormen zij een college, dat een voorzitter aanstelt en verder handelt volgens de gewone regels van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, vereist een statutenwijziging” (deed in Dutch)“De algemene vergadering beslist of het mandaat van een bestuurder al of niet wordt bezoldigd.” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Rekening houdend met de wettelijke bepalingen, De vergadering beslist over de bestemming van het resultaat van het boekjaar” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag deze aandeelhouder deelnemen aan de algemene vergadering, maar niet stemmen.” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Op de algemene vergadering geeft ieder aandeel recht op één stem, onder voorbehoud van de wettelijke en statutaire bepalingen betreffende de…” (deed in Dutch)