APHIBEL
ActiveAPHIBEL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.29M and a net result of €300k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+3
Solvency78▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.87 in 2024), and 28.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
71.3%
Return on assets
9.4%
Age of the figures
11 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d late
2023
16 d late
2021
29 d late
2020
31 d late
2019
91 d late
2017
59 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.29M▲ 15.1%
2024 · €1.99M
2019: €489k
2020: €946k
2021: €1.57M
2023: €1.73M
2024: €1.99M
2019 → 2025
Total assets
€3.21M▼ 0.9%
2024 · €3.23M
2019: €1.13M
2020: €1.70M
2021: €3.29M
2023: €3.36M
2024: €3.23M
2019 → 2025
Net result
€300k▲ 19.5%
2024 · €251k
2019: €752
2020: €502k
2021: €670k
2023: €163k
2024: €251k
2019 → 2025
Working capital
€8k
2024 · €-132k
2019: €-468k
2020: €-200k
2021: €47k
2023: €-186k
2024: €-132k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€946k-€1.57M▲ 66.1%€1.73M▲ 10.4%€1.99M▲ 14.5%€2.29M▲ 15.1%
Operating result€115k-€206k▲ 78.8%€216k▲ 4.9%€241k▲ 11.7%€429k▲ 77.9%
Net result€502k-€670k▲ 33.4%€163k▼ 75.7%€251k▲ 54.2%€300k▲ 19.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 78% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.21M
Fixed assets
€2.28M▼ 1.7%
Current assets
€928k▲ 1.1%
Equity and liabilities €3.21M
Equity
€2.29M▲ 15.1%
Debt
€920k▼ 26.4%
The debt ratio falls from 38.6% to 28.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€432k▲
2024 · €244k
Cash flow
€303k▲
2024 · €254k
Solvency
71.3%▲
2024 · 61.4%
Current ratio
1.01▲
2024 · 0.87
Quick ratio
0.74▲
2024 · 0.64
Debt / equity
0.40▼
2024 · 0.63
ROE
13.1%▲
2024 · 12.7%
ROA
9.4%▲
2024 · 7.8%
Interest coverage
8.07▲
2024 · 4.24
Debt
€920k▼
2024 · €1.25M
Debt ≤ 1 year
€920k▼
2024 · €1.05M
Income taxes
€75k▼
2024 · €182k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.23M€3.21M▼
Fixed assets21/28€2.32M€2.28M▼
Tangible fixed assets22/27€5k€2k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€2.31M€2.28M▼
Current assets29/58€918k€928k▲
Stocks and contracts in progress3€251k€251k=
Stocks30/36€251k€251k=
Amounts receivable within one year40/41€116k€175k▲
Trade receivables40€41k€13k▼
Other amounts receivable41€75k€162k▲
Cash at bank and in hand54/58€551k€502k▼
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.21M▼
Equity10/15€1.99M€2.29M▲
Contributions10/11€150k€150k=
Reserves13€1.83M€2.13M▲
Distributable reserves133€1.83M€2.13M▲
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€1.25M€920k▼
Amounts payable after more than one year17€200k-
Financial debts170/4€200k-
Amounts payable within one year42/48€1.05M€920k▼
Trade debts44€73k€37k▼
Suppliers440/4€73k€37k▼
Advances received on contracts in progress46€190k-
Taxes, remuneration and social security45€57k€123k▲
Taxes450/3€57k€123k▲
Other amounts payable47/48€729k€760k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€218€266▲
Gross operating margin9900€244k€432k▲
Operating profit (loss)9901€241k€429k▲
Financial income75/76B€250k-
Recurring financial income75€250k-
Financial charges65/66B€58k€54k▼
Recurring financial charges65€58k€54k▼
Profit (loss) for the period before taxes9903€434k€376k▼
Income taxes67/77€182k€75k▼
Profit (loss) for the period9904€251k€300k▲
Profit (loss) for the period to be appropriated9905€251k€300k▲
Appropriation of the result
Profit (loss) to be appropriated9906€257k€306k▲
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer to equity691/2€251k€300k▲
To other reserves6921€251k€300k▲
The notes to these accounts (8 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €2MEq €2.29M ▲15.1%
6 profitable years in a row build equity to €2.29M.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2019net €670k ▲33.4%
Net result €670k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.57M ▲66.1%
3 profitable years in a row build equity to €1.57M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €946k ▲93.5%
2 profitable years in a row build equity to €946k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
07-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
PORTAL Philippe
CurrentDirector (executive) · since 13-01-2023
13-01-2023
Appointed as Director (executive)
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2012
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.
Clos des Templiers 51410 WaterlooGround area
1,900 m²
Building footprint
254 m²
Parcel 25764Q0515/00B003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Aphibel
since 20122.215.154.455
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0515/00B003 | Wallonia | 1,900 m² | 1 · 254 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.
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MANAGELAB
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DELIMAN
BE 0849.400.987
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BERTRAND TOUSSAINT MANAGEMENT
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 18,606 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2012
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.