AP2
AP2 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €25k. Equity is growing by ~101.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €22k |
| Net result | €25k |
| Better than sector | 19% |
| Active | 10 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.5% | 46.6% | |
| Net result | €25k | €9k | |
| Equity | €22k | €58k | |
| Gross operating margin | €40k | €38k | |
| Total assets | €131k | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €34k | €34k | €32k | €-17k |
| Net profit | €25k | €22k | €25k | €-20k |
| Cash flow | €26k | €23k | €27k | €-18k |
| Staff costs | - | - | - | - |
| Income taxes | €11k | €10k | - | - |
| Dividends | - | - | - | - |
| Total assets | €131k | €103k | €88k | €81k |
| Equity | €22k | €-3k | €-25k | €-50k |
| Debt | €110k | €106k | €113k | €131k |
| of which ≤ 1y | €74k | €106k | €113k | €131k |
| of which > 1y | - | - | - | - |
| Working capital | €53k | €-7k | €-30k | €-55k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.72 | 0.93 | 0.73 | 0.58 |
| Quick ratio | 1.72 | 0.80 | 0.51 | 0.38 |
| Working capital ratio | 40.7% | -6.9% | -34.4% | -67.8% |
| Solvency | 16.5% | -3.1% | -28.2% | -61.9% |
| Debt / equity | 5.07 | -33.17 | -4.54 | -2.61 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 16.92 | 8.50 | 5.85 | -8.21 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 18.9% | 21.1% | 28.5% | -25.4% |
| ROE | 114.8% | -679.5% | -100.9% | 40.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €131k | €103k | €88k | €81k |
| Fixed assets | 21/28 | €4k | €4k | €5k | €5k |
| Tangible fixed assets | 22/27 | €2k | €2k | €3k | €3k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €127k | €99k | €83k | €76k |
| Stocks & contracts in progress | 3 | - | €14k | €25k | €26k |
| Amounts receivable within one year | 40/41 | €127k | €85k | €56k | €47k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €131k | €103k | €88k | €81k |
| Equity | 10/15 | €22k | €-3k | €-25k | €-50k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €14k | €-11k | €-33k | €-58k |
| Amounts payable | 17/49 | €110k | €106k | €113k | €131k |
| Amounts payable within one year | 42/48 | €74k | €106k | €113k | €131k |
| Trade debts payable within one year | 44 | €43k | €88k | €89k | €85k |
| Income statement | |||||
| Gross operating margin | 9900 | €40k | €37k | €34k | €-5k |
| Operating result | 9901 | €33k | €33k | €30k | €-19k |
| Financial income | 75 | €5k | €3k | €434 | €83 |
| Financial charges | 65 | €2k | €4k | €5k | €2k |
| Result before taxes | 9903 | €36k | €31k | €25k | €-20k |
| Income taxes | 67/77 | €11k | €10k | - | - |
| Net result for the period | 9904 | €25k | €22k | €25k | €-20k |
| Result to be appropriated | 9905 | €25k | €22k | €25k | €-20k |
| NACE primary | Other construction installation(43240) |
| Legal form | Private limited company(610) |
| Incorporation | 22-12-2015 |
| Status | Active |
| Postal code | 3012 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126A0271/00B005 | Flanders | 624 m² | - | - |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-12-2023 Discharge granted to the board correction
Technical details
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"evidence_quote": "De algemene vergadering zal op de volgende jaarvergadering beslissen over de kwijting aan de ontslagnemende zaakvoerder voor de uitoefening van zijn mandaat.",
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"firm_name": "Benjamin Wets \u0026 Simon Wets, notaires associ\u00E9s",
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"act_meta": {
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"pub_date": "2023-12-21",
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"decisions": [
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"body": "algemene_vergadering",
"date": "2023-12-18",
"unanimous": true
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"subject_company": {
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"corrected_publication_numac": "15322005"
}| Legal nameNL | AP2 |