AP'ART
ActiveAP'ART has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 68% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-23
Solvency97▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.16 in 2024), and 44.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.8%
Return on assets
1.8%
Age of the figures
8 mo
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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €180k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
22 d late
2022
42 d early
2021
5 d late
2020
25 d late
2019
38 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€180k▲ 3.4%
2024 · €174k
2018: €188k
2019: €206k
2020: €230k
2021: €236k
2022: €241k
2023: €161k
2024: €174k
2018 → 2025
Total assets
€323k▼ 5.3%
2024 · €341k
2018: €344k
2019: €405k
2020: €387k
2021: €377k
2022: €402k
2023: €385k
2024: €341k
2018 → 2025
Net result
€6k▼ 56.6%
2024 · €13k
2018: €14k
2019: €19k
2020: €23k
2021: €7k
2022: €4k
2023: €20k
2024: €13k
2018 → 2025
Working capital
€168k▲ 0.9%
2024 · €166k
2018: €197k
2019: €204k
2020: €218k
2021: €217k
2022: €225k
2023: €154k
2024: €166k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€241k▲ 1.8%€161k▼ 33.2%€174k▲ 8.4%€180k▲ 3.4%
Operating result€13k-€11k▼ 18.3%€33k▲ 207%€28k▼ 14.9%€19k▼ 32.6%
Net result€7k-€4k▼ 34.3%€20k▲ 365%€13k▼ 32.8%€6k▼ 56.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€28k▼ 12.4%
Current assets
€295k▼ 4.6%
Equity and liabilities €323k
Equity
€180k▲ 3.4%
Debt
€143k▼ 14.3%
The debt ratio falls from 48.9% to 44.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€27k▼
2024 · €36k
Cash flow
€14k▼
2024 · €21k
Solvency
55.8%▲
2024 · 51.1%
Current ratio
2.32▲
2024 · 2.16
Quick ratio
0.29▼
2024 · 0.31
Debt / equity
0.79▼
2024 · 0.96
ROE
3.2%▼
2024 · 7.7%
ROA
1.8%▼
2024 · 3.9%
Interest coverage
2.62▲
2024 · 2.26
Debt
€143k▼
2024 · €167k
Debt ≤ 1 year
€128k▼
2024 · €143k
Debt > 1 year
€12k▼
2024 · €17k
Income taxes
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€341k€323k▼
Fixed assets21/28€31k€28k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€31k€28k▼
Plant, machinery and equipment23€188€0▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€24k€23k▼
Financial fixed assets28€25€0▼
Current assets29/58€309k€295k▼
Stocks and contracts in progress3€265k€258k▼
Stocks30/36€265k€258k▼
Amounts receivable within one year40/41€23k€7k▼
Trade receivables40€21k€6k▼
Other amounts receivable41€1k€661▼
Current investments50/53€12k€9k▼
Cash at bank and in hand54/58€5k€10k▲
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€341k€323k▼
Equity10/15€174k€180k▲
Contributions10/11€140k€140k=
Capital10€140k€140k=
Issued capital100€140k€140k=
Reserves13€2k€2k▲
Non-distributable reserves130/1€2k€2k▲
Legal reserve130€2k€2k▲
Profit (loss) carried forward14€33k€38k▲
Amounts payable17/49€167k€143k▼
Amounts payable after more than one year17€17k€12k▼
Financial debts170/4€17k€12k▼
Amounts payable within one year42/48€143k€128k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€75k€75k▲
Credit institutions430/8€75k€75k=
Other loans439-€55
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Other amounts payable47/48€54k€32k▼
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€38k€30k▼
Operating profit (loss)9901€28k€19k▼
Financial income75/76B€6k€2k▼
Recurring financial income75€6k€2k▼
Financial charges65/66B€16k€10k▼
Recurring financial charges65€16k€10k▼
Profit (loss) for the period before taxes9903€18k€10k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€13k€6k▼
Profit (loss) for the period to be appropriated9905€13k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€38k▲
Profit (loss) brought forward from the previous period14P€20k€33k▲
Transfer to equity691/2€673€673=
To contributions691-€0
To the legal reserve6920€673-
To other reserves6921-€673
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €4k ▼34.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €23k ▲23.6%
Net result €23k, the highest in the series.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial
Equity above €200kEq €206k ▲10.1%
2 profitable years in a row build equity to €206k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maïsstraat 49000 GentGround area
269 m²
Building footprint
176 m²
Volume, LiDAR
1,260 m³
Parcel 44810K0084/00M003, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ap'art
since 20122.214.063.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0084/00M003 | Flanders | 269 m² | 1 · 176 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
APOTHEEK TINE MARTENS
BE 0862.453.922
Hechtel-Eksel · Eq €180k
FARMAFLEUR
BE 0894.786.891
Antwerpen · Eq €180k
CARO PHARMA
BE 0899.338.864
Erquelinnes · Eq €180k
PHARMACIE DE NEEF - DUEZ
BE 0445.987.390
Mons · Eq €180k
APOTHECA
BE 0633.956.267
Sint-Joost-ten-Node · Eq €180k
Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 3,570 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-2012
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
47789Other retail sale of new goods
47791Retail sale of antiques
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.