Equity
€133,205 from €625,582 in 2024
Equity fell by 79% in 1 year.
APAI
Lifetime
11 annual accounts with figures on one time axispeak €220,058 (2023)
€110,193▲ €149,590
peak €166,621 (2020)
€112,623▲ 64.4%
peak €625,582 (2024)
€133,205▼ 78.7%
€358,134▼ 30.7%
Board1 name since 2015
1 director
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from -€39,397 to €110,193Result from €68,498 to €112,623Dividend €605,000Equity from €625,582 to €133,205Debts from €517,130 to €358,134Cash from €84,126 to €154,294
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The micro format states no turnover.
Debts
€358,134 73% of the balance sheet
Financial debts 47%Suppliers 1%Taxes and wages 29%Other 23%
Of this, €173,475 falls due within a year.
Liquidity
1.11 was 2.70 in 2024
Short-term debts fell from €297,226 to €173,475.
Filings
11 annual accounts since 2015
Ten of the last ten came late. The 2020 accounts came latest: 76 days after the end of the period.
Position in the sector
€112,623
Higher net result than 95% of companies in other professional activities. Sector median €9,095 · 4,564 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as APAI has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,609 companies, not a prediction for APAI. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Manager
- founderdeed of 23-02-2015
- founderdeed of 23-02-2015
Shares in 1 company, APAI
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0568995862
Registered office moved from Woluwe-Saint-Pierre to Plancenoit
New registered office: Clos de la Neuve court 5 à 1380 Plancenoit · Previous registered office: Avenue de Tervuren 120 à 1150 Woluwe-Saint-Pierre · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointment: (manager) · published on 23-02-2015 · Gazette deed
First establishment
At the time the registered office was still in Woluwe-Saint-Pierre, Avenue de Tervuren 120.
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APAI Lasne | €491,339 | €110,193 | 27.1% | - |
| CASA DAMIER Kortrijk | €445,972 | €103,866 | 88.8% | - |
| INNOVA SIGN Jabbeke | €631,092 | €131,958 | 21.5% | - |
| InStyle Project Tienen | €328,917 | €85,360 | 1.0% | - |
| TW-STUDIO INTERIORS Balen | €589,350 | €58,518 | 13.1% | - |
| PRESENT Ghent | €589,684 | €196,568 | -8.8% | - |
| SHABI Pepinster | €703,159 | €78,175 | 45.2% | - |
These companies have the same main activity as APAI: design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111). They are comparable in size and age: total assets between €329,000 and €703,000, founded between 2012 and 2016.
Official details
Source: KBO- Status
- Active since 23-01-2015Normal situation
- Activity
- Design of textile patterns, clothing, jewellery, furniture and decorative itemsNACE 74111
- Establishment unit
- 2.317.813.3171380 Lasne, registered on 23-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Insights on APAI
APAI files the micro format. That format states no turnover. The gross margin rose from €48,461 in 2015 to €110,193 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 APAI
- What is the company number of APAI?
- The company number of APAI is 0568.995.862. The VAT number is the same number with BE in front: BE 0568.995.862.
- Where is APAI based?
- The registered office is at Clos de la Neuve Cour 5, 1380 Lasne.Company details
- What does APAI do?
- According to the KBO register, the main activity is design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111).
- What is the legal form of APAI?
- APAI is a private limited company (pre-2019) (BVBA).
- When was APAI founded?
- APAI was founded on 23-01-2015.
- Is APAI still active?
- Yes, APAI is an active enterprise in the KBO register.
- What is the turnover of APAI?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €110,193 and 2,459 comparable companies of the same size. It probably lies between €180,000 and €430,000. It is a rough estimate.Financials
- Is APAI profitable?
- In financial year 2025, APAI made a profit of €112,623.
- Where can I find the annual accounts of APAI?
- APAI filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APAI due?
- APAI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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