AP Consult
ActiveSummary
AP Consult has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €-15k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-50
Solvency2▼-51
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.55 in 2024; short-term debt: 107.7% and cash: 2.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-23.5%
Return on assets
-69.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
27 d late
2022
25 d late
2021
12 d late
2020
20 d late
2019
80 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k
2024 · €10k
2019: €-7klowest in 7 years
2020: €-2k▲ +67.9% vs 2019
2021: €3k▲ +209% vs 2020
2022: €13k▲ +387% vs 2021
2023: €16k▲ +26.7% vs 2022highest in 7 years
2024: €10k▼ -36.1% vs 2023
2025: €-5k▼ -151% vs 2024
2019 → 2025
Total assets
€22k▼ 39.7%
2024 · €37k
2019: €18klowest in 7 years
2020: €34k▲ +88.0% vs 2019
2021: €45k▲ +29.4% vs 2020
2022: €76k▲ +71.0% vs 2021highest in 7 years
2023: €50k▼ -34.7% vs 2022
2024: €37k▼ -25.9% vs 2023
2025: €22k▼ -39.7% vs 2024
2019 → 2025
Net result
€-15k▼ 167%
2024 · €-6k
2019: €-8k
2020: €5k▲ +167% vs 2019
2021: €5k▼ -1.4% vs 2020
2022: €10k▲ +102% vs 2021highest in 7 years
2023: €3k▼ -66.4% vs 2022
2024: €-6k▼ -271% vs 2023
2025: €-15k▼ -167% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-16k▼ 33.4%
2024 · €-12k
2019: €-21klowest in 7 years
2020: €-21k▲ +1.0% vs 2019
2021: €-7k▲ +68.5% vs 2020
2022: €-7k▼ -5.1% vs 2021
2023: €-5k▲ +23.4% vs 2022highest in 7 years
2024: €-12k▼ -118% vs 2023
2025: €-16k▼ -33.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€13k▲ 387%€16k▲ 26.7%€10k▼ 36.1%€-5k
2021: €3k
2022: €13k▲ +387% vs 2021
2023: €16k▲ +26.7% vs 2022highest in 5 years
2024: €10k▼ -36.1% vs 2023
2025: €-5k▼ -151% vs 2024lowest in 5 years
Operating result€8k-€15k▲ 79.3%€6k▼ 59.1%€-4k€-15k▼ 261%
2021: €8k
2022: €15k▲ +79.3% vs 2021highest in 5 years
2023: €6k▼ -59.1% vs 2022
2024: €-4k▼ -168% vs 2023
2025: €-15k▼ -261% vs 2024lowest in 5 years
Net result€5k-€10k▲ 102%€3k▼ 66.4%€-6k€-15k▼ 167%
2021: €5k
2022: €10k▲ +102% vs 2021highest in 5 years
2023: €3k▼ -66.4% vs 2022
2024: €-6k▼ -271% vs 2023
2025: €-15k▼ -167% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€14k ▼ 38.0%
Current assets
€8k ▼ 42.3%
Key figures and ratios
EBITDA
€-2k▼
2024 · €8k
Cash flow
€-3k▼
2024 · €6k
Solvency
-23.5%▼
2024 · 27.6%
Current ratio
0.34▼
2024 · 0.55
Debt to equity
-5.26▼
2024 · 2.62
ROA
-69.3%▼
2024 · -15.6%
Interest coverage
-3.06▼
2024 · 5.97
Debt
€27k▲
2024 · €27k
Debt ≤ 1 year
€24k▼
2024 · €26k
Debt > 1 year
€2k
Income taxes
€152▼
2024 · €299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€37k€22k▼
Fixed assets21/28€23k€14k▼
Tangible fixed assets22/27€23k€14k▼
Furniture and vehicles24€23k€14k▼
Other tangible fixed assets26-€291
Current assets29/58€14k€8k▼
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€980€536▼
Cash at bank and in hand54/58€3k€484▼
Deferred charges and accrued income490/1€1k€156▼
Equity and liabilities
Total equity and liabilities10/49€37k€22k▼
Equity10/15€10k€-5k▼
Contributions10/11€100€100=
Profit (loss) carried forward14€10k€-5k▼
Amounts payable17/49€27k€27k▲
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€26k€24k▼
Current portion of amounts payable after more than one year42€13k€1k▼
Trade debts44€553€5k▲
Suppliers440/4€553€5k▲
Taxes, remuneration and social security45€6k€509▼
Taxes450/3€4k€509▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€6k€17k▲
Accrued charges and deferred income492/3€604€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€1k€575▼
Gross operating margin9900€9k€-2k▼
Operating profit (loss)9901€-4k€-15k▼
Financial income75/76B-€561
Recurring financial income75-€561
Financial charges65/66B€1k€781▼
Recurring financial charges65€1k€781▼
Profit (loss) for the period before taxes9903€-5k€-15k▼
Income taxes67/77€299€152▼
Profit (loss) for the period9904€-6k€-15k▼
Profit (loss) for the period to be appropriated9905€-6k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-5k▼
Profit (loss) brought forward from the previous period14P€16k€10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €6k | €13k | €12k | €13k | ▲ 5.9% |
| Other operating charges640/8 | €60 | €348 | €384 | €1k | €575 | ▼ 61.3% |
| Gross operating margin9900 | €18k | €21k | €19k | €9k | €-2k | ▼ 120% |
| Operating profit (loss)9901 | €8k | €15k | €6k | €-4k | €-15k | ▼ 261% |
| Financial income75/76B | - | - | €0 | - | €561 | - |
| Recurring financial income75 | - | - | €0 | - | €561 | - |
| Financial charges65/66B | €40 | €364 | €2k | €1k | €781 | ▼ 40.0% |
| Recurring financial charges65 | €40 | €364 | €2k | €1k | €781 | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | €8k | €15k | €4k | €-5k | €-15k | ▼ 179% |
| Income taxes67/77 | €3k | €5k | €942 | €299 | €152 | ▼ 49.2% |
| Profit (loss) for the period9904 | €5k | €10k | €3k | €-6k | €-15k | ▼ 167% |
| Profit (loss) for the period to be appropriated9905 | €5k | €10k | €3k | €-6k | €-15k | ▼ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €76k | €50k | €37k | €22k | ▼ 39.7% |
| Fixed assets21/28 | €9k | €46k | €34k | €23k | €14k | ▼ 38.0% |
| Tangible fixed assets22/27 | €9k | €46k | €34k | €23k | €14k | ▼ 38.0% |
| Furniture and vehicles24 | €9k | €46k | €34k | €23k | €14k | ▼ 39.3% |
| Other tangible fixed assets26 | - | - | - | - | €291 | - |
| Current assets29/58 | €35k | €31k | €16k | €14k | €8k | ▼ 42.3% |
| Amounts receivable within one year40/41 | €16k | €16k | €9k | €10k | €8k | ▼ 23.4% |
| Trade receivables40 | €16k | €14k | €8k | €9k | €7k | ▼ 21.0% |
| Other amounts receivable41 | - | €2k | €980 | €980 | €536 | ▼ 45.3% |
| Cash at bank and in hand54/58 | €18k | €14k | €5k | €3k | €484 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | €796 | €2k | €2k | €1k | €156 | ▼ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €76k | €50k | €37k | €22k | ▼ 39.7% |
| Equity10/15 | €3k | €13k | €16k | €10k | €-5k | ▼ 151% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €2k | €12k | €16k | €10k | €-5k | ▼ 153% |
| Amounts payable17/49 | €42k | €64k | €34k | €27k | €27k | ▲ 2.9% |
| Amounts payable after more than one year17 | - | €26k | €13k | - | €2k | - |
| Financial debts170/4 | - | €26k | €13k | - | €2k | - |
| Amounts payable within one year42/48 | €42k | €38k | €21k | €26k | €24k | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | - | €12k | €13k | €13k | €1k | ▼ 89.8% |
| Trade debts44 | €2k | €65 | €460 | €553 | €5k | ▲ 784% |
| Suppliers440/4 | €2k | €65 | €460 | €553 | €5k | ▲ 784% |
| Taxes, remuneration and social security45 | €7k | €13k | €4k | €6k | €509 | ▼ 92.1% |
| Taxes450/3 | €7k | €13k | €4k | €4k | €509 | ▼ 88.4% |
| Remuneration and social security454/9 | - | - | - | €2k | - | - |
| Other amounts payable47/48 | €32k | €12k | €3k | €6k | €17k | ▲ 174% |
| Accrued charges and deferred income492/3 | - | - | - | €604 | €2k | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €10k | €3k | €-6k | €-15k | ▼ 167% |
| + Depreciation and write-downs630 | €10k | €6k | €13k | €12k | €13k | ▲ 5.9% |
| Operating cash flow (approximation) | €15k | €16k | €16k | €6k | €-3k | ▼ 145% |
| Investment in fixed assets (approximation) | - | €-42k | €-1k | €-422 | €-4k | ▼ 862% |
| Change in cash | - | €-5k | €-9k | €-2k | €-2k | ▼ 48.3% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2019net €10k ▲102%
Operating result €15k, net result €10k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 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.
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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, Schaarbeek · 1 establishment unit since 2019
Ground area
212 m²
Building footprint
95 m²
Volume, LiDAR
1,064 m³
Parcel 21904B0463/00H003, Brussels · tallest building 21.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AP Consult
since 20192.291.367.850
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0463/00H003 | Brussels | 212 m² | 1 · 95 m² | 21.1 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,113 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
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
82990Other business support services
Contact
E-mail
adelin.philippe@gmail.com
Phone
+32474773129
Scores and ratios are computed by Checked and are not a credit decision.