AAPUS
ActiveSummary
AAPUS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166,640 and a net result of €40,135. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-15
Solvency72▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.48 in 2024; short-term debt: 42.9% and cash: 5.2% of total assets), and 52.8% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
3 d early
2021
73 d early
2020
8 d early
2019
50 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€40,135▲ 20.1%
2024 · €33,407
Working capital
-€108,717▼ 139%
2024 · -€45,538
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€5,985▼ 83.8%€40,693▲ 580%€45,619▲ 12.1%€52,162▲ 14.3%€61,833▲ 18.5%
Net result-€2,601below the sector's middle half€24,593within the sector's middle half€28,690within the sector's middle half▲ 16.7%€33,407within the sector's middle half▲ 16.4%€40,135within the sector's middle half▲ 20.1%
Equity€117,954within the sector's middle half▼ 2.2%€142,546within the sector's middle half▲ 20.8%€171,236within the sector's middle half▲ 20.1%€195,537within the sector's middle half▲ 14.2%€166,640within the sector's middle half▼ 14.8%
Total assets€384,135within the sector's middle half▼ 11.8%€357,041within the sector's middle half▼ 7.1%€371,959within the sector's middle half▲ 4.2%€352,189within the sector's middle half▼ 5.3%€353,401below the sector's middle half▲ 0.3%
Debt€266,181▼ 15.5%€214,495▼ 19.4%€200,723▼ 6.4%€156,652▼ 22.0%€186,761▲ 19.2%
Working capital-€18,772▲ 73.5%-€30,209▼ 60.9%-€27,527▲ 8.9%-€45,538▼ 65.4%-€108,717▼ 139%
Solvency30.7%within the sector's middle half▲ 3.0pp39.9%within the sector's middle half▲ 9.2pp46.0%within the sector's middle half▲ 6.1pp55.5%within the sector's middle half▲ 9.5pp47.2%within the sector's middle half▼ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,401
Fixed assets
€310,362 =
Current assets
€43,040 ▲ 2.9%
Equity and liabilities €353,401
Equity
€166,640 ▼ 14.8%
Debt
€186,761 ▲ 19.2%
Debt's share of the balance-sheet total rises from 44.5% to 52.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.28▼
2024 · 0.48
Debt to equity
1.12▲
2024 · 0.80
ROE
24.1%▲
2024 · 17.1%
ROA
11.4%▲
2024 · 9.5%
Debt ≤ 1 year
€151,757▲
2024 · €87,365
Debt > 1 year
€35,005▼
2024 · €69,287
Income taxes
€19,471▲
2024 · €16,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,560 | €1,702 | €327 | €229 | - | - |
| Other operating charges640/8 | - | €348 | - | €754 | €387 | ▼ 48.6% |
| Gross operating margin9900 | €36,152 | €42,742 | €45,946 | €53,146 | €62,220 | ▲ 17.1% |
| Operating profit (loss)9901 | €5,985 | €40,693 | €45,619 | €52,162 | €61,833 | ▲ 18.5% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €4,044 | €3,225 | €2,657 | €2,227 | ▼ 16.2% |
| Recurring financial charges65 | €4,903 | €4,044 | €3,225 | €2,657 | €2,227 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €1,082 | €36,648 | €42,394 | €49,505 | €59,606 | ▲ 20.4% |
| Income taxes67/77 | €3,683 | €12,056 | €13,704 | €16,098 | €19,471 | ▲ 21.0% |
| Profit (loss) for the period9904 | -€2,601 | €24,593 | €28,690 | €33,407 | €40,135 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,601 | €24,593 | €28,690 | €33,407 | €40,135 | ▲ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,135 | €357,041 | €371,959 | €352,189 | €353,401 | ▲ 0.3% |
| Fixed assets21/28 | €308,778 | €307,076 | €310,591 | €310,362 | €310,362 | = |
| Tangible fixed assets22/27 | €11,778 | €10,076 | €13,591 | €13,362 | €13,362 | = |
| Furniture and vehicles24 | - | €3,757 | €229 | - | - | - |
| Other tangible fixed assets26 | - | €6,319 | €13,362 | €13,362 | €13,362 | = |
| Financial fixed assets28 | €297,000 | €297,000 | €297,000 | €297,000 | €297,000 | = |
| Current assets29/58 | €75,357 | €49,966 | €61,368 | €41,827 | €43,040 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €28,125 | €39,719 | €41,444 | €39,220 | €24,508 | ▼ 37.5% |
| Trade receivables40 | - | €3,085 | €8,937 | €12,100 | €559 | ▼ 95.4% |
| Other amounts receivable41 | - | €36,634 | €32,507 | €27,120 | €23,949 | ▼ 11.7% |
| Cash at bank and in hand54/58 | €47,232 | €10,247 | €19,924 | €2,608 | €18,532 | ▲ 611% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,135 | €357,041 | €371,959 | €352,189 | €353,401 | ▲ 0.3% |
| Equity10/15 | €117,954 | €142,546 | €171,236 | €195,537 | €166,640 | ▼ 14.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €79,998 | €104,591 | €133,280 | €157,581 | €128,685 | ▼ 18.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €102,731 | €131,420 | €155,721 | €126,825 | ▼ 18.6% |
| Profit (loss) carried forward14 | €25,556 | €25,556 | €25,556 | €25,556 | €25,556 | = |
| Amounts payable17/49 | €266,181 | €214,495 | €200,723 | €156,652 | €186,761 | ▲ 19.2% |
| Amounts payable after more than one year17 | €172,052 | €134,321 | €99,328 | €69,287 | €35,005 | ▼ 49.5% |
| Financial debts170/4 | - | €134,321 | €99,328 | €69,287 | €35,005 | ▼ 49.5% |
| Amounts payable within one year42/48 | €94,129 | €80,174 | €88,895 | €87,365 | €151,757 | ▲ 73.7% |
| Current portion of amounts payable after more than one year42 | - | €43,192 | €43,426 | €36,591 | €38,401 | ▲ 4.9% |
| Trade debts44 | €28,884 | €28,936 | €30,257 | €29,653 | €29,826 | ▲ 0.6% |
| Suppliers440/4 | - | €28,936 | €30,257 | €29,653 | €29,826 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | €8,046 | €15,212 | €12,014 | €14,498 | ▲ 20.7% |
| Taxes450/3 | - | €8,046 | €15,212 | €12,014 | €14,498 | ▲ 20.7% |
| Other amounts payable47/48 | - | - | - | €9,107 | €69,031 | ▲ 658% |
| Accrued charges and deferred income492/3 | - | - | €12,500 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,601 | €24,593 | €28,690 | €33,407 | €40,135 | ▲ 20.1% |
| + Depreciation and write-downs630 | €1,560 | €1,702 | €327 | €229 | - | - |
| Operating cash flow (approximation) | -€1,041 | €26,295 | €29,017 | €33,637 | €40,135 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,843 | €0 | €0 | - |
| Change in cash | - | -€36,985 | €9,677 | -€17,316 | €15,924 | ▲ 192% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €150,000Eq €171,236 ▲20.1%
2 profitable years in a row build equity to €171,236.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €24,593
Net result €24,593 after one loss-making year.
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet -€2,601
Net result drops to -€2,601, the lowest in the series; recovery starts the following year.
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Nivelles
Ground area
1,798 m²
Building footprint
295 m²
Volume, LiDAR
3,821 m³
Parcel 25072B0385/00N015, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0385/00N015 | Wallonia | 1,798 m² | 1 · 294 m² | 15.9 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the annual accounts to 31-03-2025 of AAPUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 5,277 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)
Founded19-03-2013
Fiscal year end31-03
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0523959257
Also
9925:BE0523959257
Registered
17-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.