API F & I
ActiveAPI F & I has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €236k. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 168 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+3
Solvency67▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.26 in 2024; short-term debt: 15.6% and cash: 0.7% of total assets), and 57.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
42.2%
Return on assets
7.2%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
27 d early
2023
49 d early
2022
54 d early
2021
30 d early
2020
21 d early
2019
16 d early
← 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
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€236k▲ 28.8%
2024 · €184k
2018: €117k
2019: €-118k
2020: €93
2021: €281k
2022: €193k
2023: €195k
2024: €184k
2018 → 2025
Working capital
€226k▲ 34.1%
2024 · €169k
2018: €176k
2019: €90k
2020: €306k
2021: €258k
2022: €749k
2023: €-513k
2024: €169k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€706k-€888k▲ 25.8%€1.17M▲ 31.2%€1.18M▲ 0.9%€1.39M▲ 18.5%
Operating result€346k-€283k▼ 18.2%€250k▼ 11.8%€260k▲ 4.0%€355k▲ 36.7%
Net result€281k-€193k▼ 31.5%€195k▲ 1.1%€184k▼ 5.8%€236k▲ 28.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.30M
Fixed assets
€2.56M▼ 8.1%
Current assets
€743k▼ 8.3%
Equity and liabilities €3.30M
Equity
€1.39M▲ 18.5%
Provisions
€8k=
Debt
€1.90M▼ 21.2%
The debt ratio falls from 67.1% to 57.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€623k▲
2024 · €528k
Cash flow
€504k▲
2024 · €452k
Solvency
42.2%▲
2024 · 32.7%
Current ratio
1.44▲
2024 · 1.26
Quick ratio
0.91▲
2024 · 0.83
Debt / equity
1.37▼
2024 · 2.05
ROE
17.0%▲
2024 · 15.6%
ROA
7.2%▲
2024 · 5.1%
Interest coverage
12.82▲
2024 · 11.51
Debt
€1.90M▼
2024 · €2.41M
Debt ≤ 1 year
€517k▼
2024 · €641k
Debt > 1 year
€1.39M▼
2024 · €1.77M
Income taxes
€106k▲
2024 · €70k
Staff costs
€562k▲
2024 · €488k
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€3.60M€3.30M▼
Fixed assets21/28€2.79M€2.56M▼
Intangible fixed assets21€10k€6k▼
Tangible fixed assets22/27€2.78M€2.55M▼
Land and buildings22€446k€397k▼
Plant, machinery and equipment23€2.33M€2.13M▼
Furniture and vehicles24€696€24k▲
Financial fixed assets28€100€3k▲
Current assets29/58€810k€743k▼
Stocks and contracts in progress3€277k€270k▼
Stocks30/36€277k€270k▼
Amounts receivable within one year40/41€474k€428k▼
Trade receivables40€408k€389k▼
Other amounts receivable41€66k€39k▼
Cash at bank and in hand54/58€56k€23k▼
Deferred charges and accrued income490/1€3k€22k▲
Equity and liabilities
Total equity and liabilities10/49€3.60M€3.30M▼
Equity10/15€1.18M€1.39M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€734k€971k▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€714k€951k▲
Profit (loss) carried forward14€0€0=
Investment grants15€241k€222k▼
Provisions and deferred taxes16€8k€8k=
Deferred taxes168€8k€8k=
Amounts payable17/49€2.41M€1.90M▼
Amounts payable after more than one year17€1.77M€1.39M▼
Trade debts175€1.77M€1.39M▼
Amounts payable within one year42/48€641k€517k▼
Current portion of amounts payable after more than one year42€336k€284k▼
Trade debts44€78k€78k=
Suppliers440/4€78k€78k=
Taxes, remuneration and social security45€82k€106k▲
Taxes450/3€18k€37k▲
Remuneration and social security454/9€64k€69k▲
Other amounts payable47/48€145k€49k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€488k€562k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268k€268k▼
Other operating charges640/8€25k€40k▲
Non-recurring operating charges66A-€232
Gross operating margin9900€1.04M€1.23M▲
Operating profit (loss)9901€260k€355k▲
Financial income75/76B€39k€36k▼
Recurring financial income75€39k€36k▼
Financial charges65/66B€46k€49k▲
Recurring financial charges65€46k€49k▲
Profit (loss) for the period before taxes9903€252k€342k▲
Transfer from deferred taxes780€625€0▼
Income taxes67/77€70k€106k▲
Profit (loss) for the period9904€184k€236k▲
Profit (loss) for the period to be appropriated9905€184k€236k▲
Appropriation of the result
Profit (loss) to be appropriated9906€184k€236k▲
Transfer from equity791/2€153k€0▼
Transfer to equity691/2€184k€236k▲
To other reserves6921€184k€236k▲
Profit to be distributed694/7€153k€0▼
Return on contributions (dividend)694€153k€0▼
Social balance
Average headcount (FTE)90879.09.8▲
The notes to these accounts (32 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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.61 to 1.26; short-term debt falls from €1.31M to €641k.
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €1MEq €1.17M ▲31.2%
4 profitable years in a row build equity to €1.17M.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €281k ▲301413%
Net result €281k, the highest in the series.
30-09
Financial
Equity above €500kEq €706k ▲61.7%
2 profitable years in a row build equity to €706k.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €93
Net result €93 after one loss-making year.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet €-118k ▼201%
Net result drops to €-118k, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are 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, Tournai · 1 establishment unit since 2001
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 des Bardanes 97522 TournaiGround area
5,685 m²
Building footprint
3,320 m²
Volume, LiDAR
22,369 m³
Parcel 57050A0166/00H006, Wallonia · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
API
since 20012.096.884.632
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57050A0166/00H006 | Wallonia | 5,685 m² | 1 · 3,320 m² | 10.3 m · 2 fl. |
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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TAPTOE INVEST
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DUFRASNE
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Of 2,855 companies in sector 18130 we hold annual accounts for 831. 280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-2000
Fiscal year end30-09
Abbreviation FR
API
Activities, NACEBEL
18120Other printing
18130Pre-press and pre-media services
22250
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@apigraphic.be
Phone:069670340
E-mail:compta@apigraphic.be