APCoding
Annual accounts 2025
micro format, filed on 25-03-2026, 128 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €210,000.
Balance sheet
balance sheet total €123,452 on 31-12-2025in euro
in euro
Position in the sector
1.6%
Higher than 10% of 22,039 companies in 2025.
0.98
Higher than 17% of 21,339 companies in 2025.
59.3%
Higher than 91% of 21,530 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
123,452 | 210,867 | 157,092 | 78,004 | 21,603 | |
21/28 |
3,937 | 2,225 | 4,607 | 2,297 | 1,170 | |
22/27 |
3,937 | 2,225 | 4,607 | 2,297 | 1,170 | |
24 |
2,967 | 2,225 | 4,607 | 2,297 | 1,170 | |
26 |
969 | - | - | - | - | |
29/58 |
119,516 | 208,642 | 152,485 | 75,707 | 20,433 | |
29 |
- | 6,415 | 10,363 | 14,311 | - | |
290 |
- | 6,415 | - | - | - | |
291 |
- | - | 10,363 | 14,311 | - | |
40/41 |
12,905 | 12,161 | 812 | 10,107 | 10,784 | |
40 |
12,353 | 11,403 | - | 9,212 | 9,450 | |
41 |
553 | 758 | 812 | 896 | 1,334 | |
54/58 |
106,135 | 190,066 | 140,799 | 51,289 | 9,191 | |
490/1 |
475 | - | 511 | - | 459 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
123,452 | 210,867 | 157,092 | 78,004 | 21,603 | |
10/15 |
2,000 | 48,176 | 138,032 | 73,526 | 16,736 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
- | 46,176 | 136,032 | 71,526 | 14,736 | |
17/49 |
121,452 | 162,690 | 19,059 | 4,479 | 4,867 | |
42/48 |
121,452 | 162,690 | 19,059 | 4,479 | 4,867 | |
44 |
- | 408 | 1,139 | 2,392 | 751 | |
440/4 |
- | 408 | 1,139 | 2,392 | 751 | |
45 |
4,546 | 5,144 | 16,755 | 1,866 | 4,116 | |
450/3 |
4,546 | 3,329 | 16,755 | 166 | 4,116 | |
454/9 |
- | 1,815 | - | 1,700 | - | |
47/48 |
116,906 | 157,139 | 1,165 | 221 | - | |
| Income statement | ||||||
9900 |
101,538 | 93,201 | 86,017 | 73,264 | 19,128 | |
630 |
3,130 | 2,382 | 2,315 | 507 | 145 | |
640/8 |
400 | 745 | 505 | 432 | 54 | |
9901 |
98,009 | 90,074 | 83,196 | 72,325 | 18,928 | |
65/66B |
221 | 1,602 | 1,934 | 369 | 77 | |
65 |
221 | 1,602 | 1,934 | 369 | 77 | |
9903 |
97,788 | 88,472 | 81,262 | 71,956 | 18,852 | |
67/77 |
24,546 | 18,329 | 16,755 | 15,166 | 4,116 | |
9904 |
73,242 | 70,144 | 64,507 | 56,790 | 14,736 | |
9905 |
73,242 | 70,144 | 64,507 | 56,790 | 14,736 | |
| Appropriation of the result | ||||||
9906 |
119,418 | 206,176 | 136,032 | 71,526 | 14,736 | |
14P |
46,176 | 136,032 | 71,526 | 14,736 | - | |
694/7 |
119,418 | 160,000 | - | - | - | |
694 |
119,418 | 160,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00061496 | |
| 31-12-2024 | micro format | 06-08-2025 | 2025-00362226 | |
| 31-12-2023 | micro format | 21-07-2024 | 2024-00266833 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00217402 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20234491 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 101,138 | 92,455 | 85,511 | 72,832 | 19,074 | ||
| 76,372 | 72,525 | 66,822 | 57,297 | 14,881 | ||
| 4,841 | 0 | 4,624 | 1,634 | 1,315 | ||
| -83,931 | 49,267 | 89,510 | 42,098 | - | ||
| -1,937 | 45,951 | 133,426 | 71,228 | 15,566 | ||
| 1.6% | 22.8% | 87.9% | 94.3% | 77.5% | ||
| 0.98 | 1.28 | 8.00 | 16.90 | 4.20 | ||
| 60.73 | 3.38 | 0.14 | 0.06 | 0.29 | ||
| - | 145.6% | 46.7% | 77.2% | 88.0% | ||
| 59.3% | 33.3% | 41.1% | 72.8% | 68.2% | ||
| over 100 | 57.73 | 44.21 | over 100 | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €123,452, equity €2,000).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | €16,755 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,841 | - | €4,624 | €1,634 | €1,315 |
| €3,130 | €2,382 | €2,315 | €507 | €145 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on APCoding
The operating result for 2025 is 9% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total rises from 77.2% to 98.4%. Equity and debt are lower.