AP PHYSIO
ActiveSummary
AP PHYSIO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €38k. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 2043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+14
Solvency40▲+4
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.63 in 2024; short-term debt: 24.3% and cash: 6.5% of total assets), and 85.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
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
14.5%
Return on assets
11.5%
Age of the figures
9 mo
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
12 d late
2023
30 d late
2022
30 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 48.9%
2024 · €32k
2022: €23k
2023: €22k
2024: €32k
2022 → 2025
Total assets
€332k▲ 16.1%
2024 · €286k
2022: €371k
2023: €420k
2024: €286k
2022 → 2025
Net result
€38k▲ 281%
2024 · €10k
2022: €13k
2023: €-172
2024: €10k
2022 → 2025
Working capital
€-36k▼ 105%
2024 · €-17k
2022: €-267k
2023: €-28k
2024: €-17k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€22k▼ 0.8%€32k▲ 44.7%€48k▲ 48.9%
Operating result€32k-€11k▼ 66.2%€26k▲ 148%€57k▲ 116%
Net result€13k-€-172€10k€38k▲ 281%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332k
Fixed assets
€287k ▲ 12.1%
Current assets
€45k ▲ 49.6%
Equity and liabilities €332k
Equity
€48k ▲ 48.9%
Debt
€283k ▲ 11.9%
Debt's share of the balance-sheet total falls from 88.7% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▲
2024 · €69k
Cash flow
€83k▲
2024 · €53k
Current ratio
0.56▼
2024 · 0.63
Debt to equity
5.88▼
2024 · 7.83
ROE
79.0%▲
2024 · 30.9%
ROA
11.5%▲
2024 · 3.5%
Interest coverage
10.29▲
2024 · 5.47
Debt ≤ 1 year
€81k▲
2024 · €47k
Debt > 1 year
€201k▼
2024 · €204k
Income taxes
€9k▲
2024 · €4k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€286k€332k▲
Fixed assets21/28€256k€287k▲
Intangible fixed assets21€213k€183k▼
Tangible fixed assets22/27€43k€104k▲
Land and buildings22€41k€42k▲
Plant, machinery and equipment23€183€7k▲
Furniture and vehicles24€2k€55k▲
Current assets29/58€30k€45k▲
Amounts receivable within one year40/41€19k€20k▲
Trade receivables40€19k€20k▲
Cash at bank and in hand54/58€7k€22k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€286k€332k▲
Equity10/15€32k€48k▲
Contributions10/11€10k€10k=
Reserves13€22k€38k▲
Distributable reserves133€22k€38k▲
Profit (loss) carried forward14€104€18▼
Amounts payable17/49€253k€283k▲
Amounts payable after more than one year17€204k€201k▼
Financial debts170/4€204k€201k▼
Amounts payable within one year42/48€47k€81k▲
Current portion of amounts payable after more than one year42€36k€48k▲
Trade debts44€822€2k▲
Suppliers440/4€822€2k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€2k€27k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€45k▲
Other operating charges640/8€913€353▼
Gross operating margin9900€70k€103k▲
Operating profit (loss)9901€26k€57k▲
Financial income75/76B€20€1▼
Recurring financial income75€20€1▼
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€14k€47k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€10k€38k▲
Profit (loss) for the period to be appropriated9905€10k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€38k▲
Profit (loss) brought forward from the previous period14P€-144€104▲
Transfer from equity791/2-€22k
Transfer to equity691/2€10k€38k▲
To other reserves6921€10k€38k▲
Profit to be distributed694/7-€22k
Return on contributions (dividend)694-€22k
The notes to these accounts (11 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €38k ▲281%
Operating result €57k, net result €38k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-172 ▼101%
Net result drops to €-172, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Virton · 1 establishment unit since 2022
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.
Rue de Longuyon,Ruette 1106760 VirtonGround area
1,318 m²
Parcel 85030B0375/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
AP PHYSIO
since 20222.328.007.720
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85030B0375/00M000 | Wallonia | 1,318 m² | - | - |
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
MdH Equestrian
BE 1016.908.804
Vorst · Eq €47,915
Verzekeringen De Leeuw
BE 0643.801.272
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M. MOTION CARE
BE 1008.389.333
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PRO-FORMANCE
BE 1008.607.582
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SEIZA TRAINING
BE 0767.787.266
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Of 13,492 companies in sector 85510 we hold annual accounts for 718. 580 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.