AP GROUP
ActiveSummary
The computed 12-month bankruptcy probability of AP GROUP is 4.9% (elevated). The annual accounts of AP GROUP for fiscal year 2024 show a net loss of 141% of total assets and of 79% of the equity at the start of that year. The 2024 annual accounts show equity of €1,611 and a net result of -€6,116. Its solvency ranks better than 39% of 36386 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-85
Solvency62▼-21
Growth32
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1,611▼ 79.1%
2023 · €7,728
Total assets
€4,353▼ 67.4%
2023 · €13,355
Net result
-€6,116
2023 · €1,728
Working capital
€633▼ 88.5%
2023 · €5,509
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20232024
Operating result€2,142--€6,118
Net result€1,728within the sector's middle half--€6,116below the sector's middle half
Equity€7,728below the sector's middle half-€1,611below the sector's middle half▼ 79.1%
Total assets€13,355below the sector's middle half-€4,353below the sector's middle half▼ 67.4%
Debt€5,627-€2,742▼ 51.3%
Working capital€5,509within the sector's middle half-€633below the sector's middle half▼ 88.5%
Solvency57.9%within the sector's middle half-
Current ratio1.98within the sector's middle half-
Return on assets (ROA)12.9%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,118 after €2,142 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4,353
Fixed assets
€978 ▼ 10.0%
Current assets
€3,375 ▼ 69.7%
Equity and liabilities €4,353
Equity
€1,611 ▼ 79.1%
Debt
€2,742 ▼ 51.3%
Debt's share of the balance-sheet total rises from 42.1% to 63.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,878▼
2023 · €3,551
Cash flow
-€4,876▼
2023 · €3,137
Interest coverage
-31.03▼
2023 · 57.06
Debt ≤ 1 year
€2,742▼
2023 · €5,627
Income taxes
€0▼
2023 · €432
Ratios withheld: a balance sheet total of €4,353 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,227 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,409 | €1,240 | ▼ 12.0% |
| Other operating charges640/8 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €3,936 | -€4,490 | ▼ 214% |
| Operating profit (loss)9901 | €2,142 | -€6,118 | ▼ 386% |
| Financial income75/76B | €80 | €159 | ▲ 98.8% |
| Recurring financial income75 | €80 | €159 | ▲ 98.8% |
| Financial charges65/66B | €62 | €157 | ▲ 153% |
| Recurring financial charges65 | €62 | €157 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €2,160 | -€6,116 | ▼ 383% |
| Income taxes67/77 | €432 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1,728 | -€6,116 | ▼ 454% |
| Profit (loss) for the period to be appropriated9905 | €1,728 | -€6,116 | ▼ 454% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13,355 | €4,353 | ▼ 67.4% |
| Formation expenses20 | €1,131 | €0 | ▼ 100% |
| Fixed assets21/28 | €1,087 | €978 | ▼ 10.0% |
| Tangible fixed assets22/27 | €1,087 | €978 | ▼ 10.0% |
| Plant, machinery and equipment23 | €1,087 | €978 | ▼ 10.0% |
| Current assets29/58 | €11,136 | €3,375 | ▼ 69.7% |
| Stocks and contracts in progress3 | €2,175 | €0 | ▼ 100% |
| Stocks30/36 | €2,175 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7,035 | €751 | ▼ 89.3% |
| Trade receivables40 | €4,504 | €548 | ▼ 87.8% |
| Other amounts receivable41 | €2,531 | €203 | ▼ 92.0% |
| Cash at bank and in hand54/58 | €1,926 | €2,624 | ▲ 36.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13,355 | €4,353 | ▼ 67.4% |
| Equity10/15 | €7,728 | €1,611 | ▼ 79.1% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €1,728 | -€4,389 | ▼ 354% |
| Amounts payable17/49 | €5,627 | €2,742 | ▼ 51.3% |
| Amounts payable within one year42/48 | €5,627 | €2,742 | ▼ 51.3% |
| Trade debts44 | €4,289 | €0 | ▼ 100% |
| Suppliers440/4 | €4,289 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €432 | €432 | = |
| Taxes450/3 | €432 | €432 | = |
| Other amounts payable47/48 | €906 | €2,310 | ▲ 155% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,728 | -€6,116 | ▼ 454% |
| + Depreciation and write-downs630 | €1,409 | €1,240 | ▼ 12.0% |
| Operating cash flow (approximation) | €3,137 | -€4,876 | ▼ 255% |
| Investment in fixed assets (approximation) | - | -€1,131 | - |
| Change in cash | - | €698 | - |
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
2026
30-07
State Gazette act
Registered office · Other addresses · Purpose · Statutes amendment · Resignations & appointmentsResignation: IANNETTA Antonio (director) · Appointment: JEROME Pierre (director) · Incorporation11 facts ▸
State Gazette act
Registered office · Other addresses · Purpose · Statutes amendment · Resignations & appointments
Resignation: IANNETTA Antonio (director) · Appointment: JEROME Pierre (director) · Incorporation11 facts ▸
- General meeting, 27-07-2026
- Incorporation, 19-04-2023
- Name change, NOVARIS GROUP
- Statutes amendment
- Statutes amendment
- Director resignation, IANNETTA Antonio (director)
- Director discharge, IANNETTA Antonio (director)
- Director appointment, JEROME Pierre (director)
- Other statement, e-mailadres vennootschap, schrappen
- Registered-office move, 1780 Wemmel,Diepestraat 2
- Other statement, alle besluiten, stemming
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
JEROME Pierre
CurrentDirector · since 29-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2023
Ground area
1.2 ha
Building footprint
1,195 m²
Volume, LiDAR
37,172 m³
2 parcels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
AP GROUP
since 20232.352.638.592
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 22662B0068/00C002 | Flanders | 467 m² | 1 · 330 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JEROME Pierre |
|
| IANNETTA Antonio |
|
Articles of association
Annual meeting
Third Monday of June at 16:00
Duration
Unlimited
Name clause
NOVARIS GROUP
Registered office clause
Vlaams Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in België of in het bui…
Capital
Artikel 5. Inbrengen
Other statement
Stortingsplicht, enige aandeelhouder-bestuurder
Vaste of evenredige vergoeding, vergoeding bestuurders
Artikel 13. Dagelijks bestuur
Drie jaar, één of meerdere commissarissen
Toegang algemene vergadering, rechten niet geschorst
Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal
Schriftelijke volmacht aan ieder ander persoon,al dan niet aandeelhouder,door alle middelen van overdracht, beraadslagingen
Bestuursorgaan tijdens zitting, verdaging
Wettelijke beperkingen, bestemming winst-reserves
Mededelingen,aanmaningen,dagvaardingen,betekeningen geldig, woonstkeuze
Rechtbank rechtsgebied zetel, betwisting zaken vennootschap en uitvoering statuten tussen vennootschap,aandeelhouders,bestuurders,commissarissen,vereffenaars
Gemeen recht, bepalingen Wetboek vennootschappen en verenigingen waarvan niet geldig afgeweken geacht ingeschreven
Share issue rule
Artikel 7. Inbreng in geld met uitgifte van nieuwe aandelen – Recht van voorkeur
Share class
Op naam, register van aandelen op naam
Transfer restriction
Artikel 9. Overdracht van aandelen
Board rule
Één of meer, onbepaalde duur bij gebrek aan bepaling
Dissolution rule
Vormen vereist voor statutenwijziging, op elk moment
Liquidation rule
Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen
Liquidation distribution
Goederen nog in natura op zelfde wijze verdeeld, netto actief onder alle aandeelhouders naar verhouding aantal aandelen
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 1,470 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
Founded21-04-2023
Fiscal year end31-12
Legal name NL
NOVARIS GROUP
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
47540Retail sale of electrical household appliances
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0801041737
Registered
24-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.