Losses
-€2,430 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
AP-IC
Lifetime
3 annual accounts with figures on one time axispeak -€477 (2024)
-€520▼ €43
lowest -€893 (2025)
-€893▼ €63
peak €2,293 (2023)
€570▼ 61.0%
€1,301unchanged
Board2 names since 2023
2 directorsMARRAS Pasquale and 1 other
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Loss of €893Equity from €1,463 to €570Cash from €1,222 to €561
Key points
from the 2025 annual accountsStarting capital
€3,000 100 shares
Position in the sector
€570
Less equity than 80% of companies in wholesale trade. Sector median €56,439 · 13,837 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 27% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2023
lowers risk
Size: total assets €1,871
Liquidity: current ratio 0.80, cash €561, halved
Figures for financial year 2025 (filed on 22-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 40% of them on solvency, 53% on liquidity, 6% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as AP-IC has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AP-IC itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for AP-IC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so 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.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
8 days early
2023
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 8 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MARRAS Pasquale 50 sharesdeed of 24-07-2023
- PELERIEAU Frédéric Yves 50 sharesdeed of 24-07-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804144549
First establishment
Route de Wallonie (G.) 4/4, Mons
Incorporation
Founding capital of €3,000, 100 shares · Founders: MARRAS Pasquale and PELERIEAU Frédéric Yves · Appointments: MARRAS Pasquale (director) and PELERIEAU Frédéric Yves (director) · published on 24-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AP-IC Mons | €1,871 | -€520 | 30.5% | - |
| SONNENHAUS TECH Hasselt | €1,627 | -€11,665 | -1061.6% | - |
| BEMS COMPANY INTERNATIONAL Aalst | €2,842 | -€1,223 | -191.3% | - |
| NordSea Group Antwerp | €3,325 | -€130 | -7.4% | - |
| NAFTECH HVAC ENGINEERING Denderleeuw | €1,008 | -€989 | 70.7% | - |
| JOFRA Trading & Shipping Antwerp | €4,860 | -€355 | -38.8% | - |
| s2consultants Rotselaar | €5,031 | -€20,575 | -542.1% | - |
These companies have the same main activity as AP-IC: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €1,010 and €5,030, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 19-07-2023Normal situation
- Registered office
- 96 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 2 others
- Establishment unit
- 2.348.354.2617011 Mons, since 23-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €1,871▼ 32.3%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on AP-IC
AP-IC files the micro format. That format states no turnover. The gross margin rose from -€559 in 2023 to -€520 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AP-IC
- What is the company number of AP-IC?
- The company number of AP-IC is 0804.144.549. The VAT number is the same number with BE in front: BE 0804.144.549.
- Where is AP-IC based?
- The registered office is at Route de Wallonie (G.) 4/4, 7011 Mons.Company details
- What does AP-IC do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of AP-IC?
- AP-IC is a private limited company (BV).
- When was AP-IC founded?
- AP-IC was founded on 19-07-2023.
- Is AP-IC still active?
- Yes, AP-IC is an active enterprise in the KBO register.
- What is the turnover of AP-IC?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is AP-IC profitable?
- In financial year 2025, AP-IC made a loss of €893.
- Where can I find the annual accounts of AP-IC?
- AP-IC filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AP-IC due?
- AP-IC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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