API TOGETHER
ActiveSummary
API TOGETHER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229,642 and a net result of -€19,367. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-11
Solvency43▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.06 in 2023; short-term debt: 21.3% and cash: 1.2% of total assets), and 81.8% of the assets are financed with debt.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.2%
Return on assets
-1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
12 d late
2022
28 d early
2021
22 d late
2020
23 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€132,000
EBIT margin
14.8%
Net result
-€19,367
2023 · €6,320
Working capital
-€254,294▼ 171%
2023 · -€93,678
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€54,718▲ 59.9%€43,913▼ 19.7%€19,417▼ 55.8%€11,289▼ 41.9%-€10,173
Net result€45,758above the sector's middle half▲ 30.3%€31,420within the sector's middle half▼ 31.3%€10,205within the sector's middle half▼ 67.5%€6,320within the sector's middle half▼ 38.1%-€19,367below the sector's middle half
EBIT margin
Equity€218,343within the sector's middle half▲ 10.3%€245,444within the sector's middle half▲ 12.4%€251,329within the sector's middle half▲ 2.4%€253,329within the sector's middle half▲ 0.8%€229,642within the sector's middle half▼ 9.4%
Total assets€264,759within the sector's middle half▼ 14.7%€497,157within the sector's middle half▲ 87.8%€824,909within the sector's middle half▲ 65.9%€810,366within the sector's middle half▼ 1.8%€1.3mabove the sector's middle half▲ 55.8%
Debt€46,416▼ 58.7%€251,714▲ 442%€573,580▲ 128%€557,037▼ 2.9%€1.0m▲ 85.4%
Working capital€1,144€24,969▲ 2,082%€49,782▲ 99.4%-€93,678-€254,294▼ 171%
Solvency82.5%above the sector's middle half▲ 18.7pp49.4%within the sector's middle half▼ 33.1pp30.5%within the sector's middle half▼ 18.9pp31.3%within the sector's middle half▲ 0.8pp18.2%within the sector's middle half▼ 13.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €10,173 after €11,289 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▲ 55.1%
Current assets
€14,705 ▲ 148%
Equity and liabilities €1.3m
Equity
€229,642 ▼ 9.4%
Debt
€1.0m ▲ 85.4%
Debt's share of the balance-sheet total rises from 68.7% to 81.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69,011▼
2023 · €86,840
Cash flow
€59,817▼
2023 · €81,871
Current ratio
0.05▼
2023 · 0.06
Debt to equity
4.50▲
2023 · 2.20
ROE
-8.4%▼
2023 · 2.5%
ROA
-1.5%▼
2023 · 0.8%
Interest coverage
5.10▼
2023 · 13.43
Debt ≤ 1 year
€268,999▲
2023 · €99,599
Debt > 1 year
€763,798▲
2023 · €457,439
Income taxes
€0▼
2023 · €2,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,501 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,359 | €33,215 | €48,805 | €75,551 | €79,184 | ▲ 4.8% |
| Other operating charges640/8 | - | €6,466 | - | €1,916 | €1,585 | ▼ 17.2% |
| Gross operating margin9900 | €93,496 | €83,595 | €68,223 | €88,755 | €70,597 | ▼ 20.5% |
| Operating profit (loss)9901 | €54,718 | €43,913 | €19,417 | €11,289 | -€10,173 | ▼ 190% |
| Financial income75/76B | - | €4,320 | €4,320 | €4,448 | €4,333 | ▼ 2.6% |
| Recurring financial income75 | €361 | €4,320 | €4,320 | €4,448 | €4,333 | ▼ 2.6% |
| Financial charges65/66B | - | €3,502 | €9,512 | €6,467 | €13,528 | ▲ 109% |
| Recurring financial charges65 | €2,102 | €3,502 | €9,512 | €6,467 | €13,528 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €52,978 | €44,731 | €14,226 | €9,269 | -€19,367 | ▼ 309% |
| Income taxes67/77 | €7,220 | €13,311 | €4,021 | €2,949 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €45,758 | €31,420 | €10,205 | €6,320 | -€19,367 | ▼ 406% |
| Profit (loss) for the period to be appropriated9905 | €45,758 | €31,420 | €10,205 | €6,320 | -€19,367 | ▼ 406% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264,759 | €497,157 | €824,909 | €810,366 | €1.3m | ▲ 55.8% |
| Fixed assets21/28 | €217,199 | €463,974 | €715,169 | €804,445 | €1.2m | ▲ 55.1% |
| Intangible fixed assets21 | - | - | - | - | €3,174 | - |
| Tangible fixed assets22/27 | €217,199 | €463,974 | €715,169 | €804,445 | €1.2m | ▲ 54.7% |
| Land and buildings22 | - | €181,205 | €704,874 | €773,245 | €1.2m | ▲ 58.4% |
| Furniture and vehicles24 | - | €4,919 | €10,294 | €31,201 | €19,752 | ▼ 36.7% |
| Assets under construction and advance payments27 | - | €277,850 | - | - | - | - |
| Current assets29/58 | €47,560 | €33,183 | €109,740 | €5,921 | €14,705 | ▲ 148% |
| Amounts receivable within one year40/41 | €13,280 | €1,577 | €55,986 | €979 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1,577 | €55,986 | €979 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €34,280 | €31,606 | €53,754 | €4,942 | €14,705 | ▲ 198% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264,759 | €497,157 | €824,909 | €810,366 | €1.3m | ▲ 55.8% |
| Equity10/15 | €218,343 | €245,444 | €251,329 | €253,329 | €229,642 | ▼ 9.4% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €40,225 | €71,646 | €81,851 | €88,171 | €88,171 | = |
| Non-distributable reserves130/1 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Distributable reserves133 | - | €65,396 | €75,601 | €81,921 | €81,921 | = |
| Profit (loss) carried forward14 | €87,253 | €87,253 | €87,253 | €87,253 | €67,886 | ▼ 22.2% |
| Investment grants15 | - | €24,045 | €19,725 | €15,405 | €11,085 | ▼ 28.0% |
| Amounts payable17/49 | €46,416 | €251,714 | €573,580 | €557,037 | €1.0m | ▲ 85.4% |
| Amounts payable after more than one year17 | - | €243,500 | €513,622 | €457,439 | €763,798 | ▲ 67.0% |
| Financial debts170/4 | - | €243,500 | €513,622 | €457,439 | €763,798 | ▲ 67.0% |
| Amounts payable within one year42/48 | €46,416 | €8,214 | €59,958 | €99,599 | €268,999 | ▲ 170% |
| Current portion of amounts payable after more than one year42 | - | - | €55,576 | €56,183 | €90,844 | ▲ 61.7% |
| Trade debts44 | - | €5,903 | €1,498 | €1,113 | €840 | ▼ 24.6% |
| Suppliers440/4 | - | €5,903 | €1,498 | €1,113 | €840 | ▼ 24.6% |
| Advances received on contracts in progress46 | - | - | - | - | €9,523 | - |
| Taxes, remuneration and social security45 | - | €2,311 | €2,311 | €2,949 | €4,745 | ▲ 60.9% |
| Taxes450/3 | - | €2,311 | €2,311 | €2,949 | €4,745 | ▲ 60.9% |
| Other amounts payable47/48 | - | - | €573 | €39,353 | €163,047 | ▲ 314% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,758 | €31,420 | €10,205 | €6,320 | -€19,367 | ▼ 406% |
| + Depreciation and write-downs630 | €32,359 | €33,215 | €48,805 | €75,551 | €79,184 | ▲ 4.8% |
| Operating cash flow (approximation) | €78,118 | €64,635 | €59,010 | €81,871 | €59,817 | ▼ 26.9% |
| Investment in fixed assets (approximation) | - | -€279,990 | -€300,000 | -€164,828 | -€522,472 | ▼ 217% |
| Change in cash | - | -€2,674 | €22,148 | -€48,812 | €9,763 | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet -€19,367
Net result drops to -€19,367, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 4.04
Current ratio from 1.02 to 4.04; short-term debt falls from €46,416 to €8,214.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €45,758 ▲30.3%
Operating result €54,718, net result €45,758, both a record.
31-12
Financial
Equity above €200,000Eq €218,343 ▲10.3%
3 profitable years in a row build equity to €218,343.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Durbuy · 1 establishment unit since 2003
Ground area
2,336 m²
Building footprint
280 m²
Volume, LiDAR
1,129 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
API TOGETHER sa
since 20032.134.111.450
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61008D0247/00G002 | Wallonia | 1,345 m² | 1 · 168 m² | 8.1 m · 2 fl. |
| 83007A0085/00E000 | Wallonia | 991 m² | 1 · 112 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BEWIRI
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IMMO W.E.P.
BE 0447.143.769
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GILMAIRE
BE 0466.405.989
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ROEL VAN BROECKHOVEN
BE 0560.815.101
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,882 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861569638
Also
9925:BE0861569638
Registered
15-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.