AP-IC
ActiveSummary
The computed 12-month bankruptcy probability of AP-IC is 3.0% (moderate). The annual accounts of AP-IC for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €570 and a net result of -€893. Equity is shrinking by ~58.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 41% of 11389 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency55▼-23
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
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.
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Signals
Five 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
8 d early
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€570▼ 61.0%
2024 · €1,463
Total assets
€1,871▼ 32.3%
2024 · €2,764
Net result
-€893▼ 7.6%
2024 · -€830
Working capital
-€260
2024 · €306
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€707--€803▼ 13.5%-€846▼ 5.4%
Net result-€707--€830▼ 17.3%-€893▼ 7.6%
Equity€2,293-€1,463▼ 36.2%€570▼ 61.0%
Total assets€2,579-€2,764▲ 7.2%€1,871▼ 32.3%
Debt€287-€1,301▲ 354%€1,301=
Working capital€810-€306▼ 62.2%-€260
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 €846 in 2025 against €803 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
Equity and liabilities €1,871
Equity
€570 ▼ 61.0%
Debt
€1,301 =
Debt's share of the balance-sheet total rises from 47.1% to 69.5%. Equity is lower.
Key figures and ratios
EBITDA
-€520▼
2024 · -€477
Cash flow
-€566▼
2024 · -€504
Interest coverage
-11.23▲
2024 · -17.64
Debt ≤ 1 year
€1,301=
2024 · €1,301
Ratios withheld: a balance sheet total of €1,871 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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148 | €326 | €326 | = |
| Gross operating margin9900 | -€559 | -€477 | -€520 | ▼ 9.1% |
| Operating profit (loss)9901 | -€707 | -€803 | -€846 | ▼ 5.4% |
| Financial charges65/66B | - | €27 | €46 | ▲ 71.4% |
| Recurring financial charges65 | - | €27 | €46 | ▲ 71.4% |
| Profit (loss) for the period before taxes9903 | -€707 | -€830 | -€893 | ▼ 7.6% |
| Profit (loss) for the period9904 | -€707 | -€830 | -€893 | ▼ 7.6% |
| Profit (loss) for the period to be appropriated9905 | -€707 | -€830 | -€893 | ▼ 7.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,579 | €2,764 | €1,871 | ▼ 32.3% |
| Formation expenses20 | €1,483 | €1,157 | €831 | ▼ 28.2% |
| Current assets29/58 | €1,096 | €1,607 | €1,041 | ▼ 35.2% |
| Amounts receivable within one year40/41 | €284 | €385 | €480 | ▲ 24.8% |
| Trade receivables40 | - | €87 | - | - |
| Other amounts receivable41 | €284 | €298 | €480 | ▲ 61.1% |
| Cash at bank and in hand54/58 | €813 | €1,222 | €561 | ▼ 54.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,579 | €2,764 | €1,871 | ▼ 32.3% |
| Equity10/15 | €2,293 | €1,463 | €570 | ▼ 61.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€707 | -€1,537 | -€2,430 | ▼ 58.1% |
| Amounts payable17/49 | €287 | €1,301 | €1,301 | = |
| Amounts payable within one year42/48 | €287 | €1,301 | €1,301 | = |
| Trade debts44 | €87 | - | - | - |
| Suppliers440/4 | €87 | - | - | - |
| Other amounts payable47/48 | €200 | €1,301 | €1,301 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€707 | -€830 | -€893 | ▼ 7.6% |
| + Depreciation and write-downs630 | €148 | €326 | €326 | = |
| Operating cash flow (approximation) | -€559 | -€504 | -€566 | ▼ 12.4% |
| Change in cash | - | €410 | -€662 | ▼ 262% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€893
Net result drops to -€893, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mons · 1 establishment unit since 2023
Ground area
4.0 ha
Building footprint
4.5 ha
Volume, LiDAR
489,968 m³
Parcel 53030D0160/00N000, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AP-IC
since 20232.348.354.261
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0160/00N000 | Wallonia | 4.0 ha | 1 · 4.5 ha | 15.1 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.
Similar companies · same sector, comparable size
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STUD
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Of 1,075 companies in sector 46140 we hold annual accounts for 645. 32 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
Founded19-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
foodapic@gmail.com
Phone
+32497108833
Scores and ratios are computed by Checked and are not a credit decision.