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APL-Sign

Active
Private limited companyfounded 1987active for 39 yearsWinston Churchilllaan 178, 1180 Ukkel, BelgiumKBO/BCE: BE 0431.249.825
Summary

The computed 12-month bankruptcy probability of APL-Sign is 1.7% (moderate). The 2025 annual accounts show equity of €231,169 and a net result of -€18,958. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 73% of 9,591 sector peers (NACE 43, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222Graphic design and visual communication NACE 74120
1 site
Size
€361,898total assets 2025
Staff
4.1 FTE
Equity
€231,169
Loss
-€18,958
Turnover not published (abbreviated or micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Parent
AVIEX · 100%
Accounts filed 31 days late1 of 5 deeds read
Why 54raises riskSector: Specialised construction activities (NACE 43)1 change of registered office in 24 monthsSize: 4.1 FTE, total assets €361,898Loss of €18,958 (financial year 2025)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 36% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 89+1
equity 63.9% of total assets
Liquidity 44-8
short-term debt 36.1% · cash 8.6%
Profitability 12-57
return on assets -5.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,532 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.3%▼ -0.1 percentage points vs 05-2025 07-2025: 0.5%▲ +0.2 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.2%▼ -0.5 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.4%▲ +0.2 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 1.7%▲ +0.8 percentage points vs 08-2026highest value 10-2026: 1.7%● unchanged vs 09-2026highest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.52, compared with 2.41 in 2024; short-term debt: 36.1% and cash: 8.6% of total assets), and 36.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 70% on solvency, 35% on liquidity, 12% on profitability and 26% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Size: 4.1 FTE, total assets €361,898
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €18,958 (financial year 2025)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
30 days late
2022
7 days early
2021
31 days early
2020
3 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Registered officeRegistered-office move
  3. Weakest financial yearnet -€18,958

Key points

  • Caution: Among the weakest 11% on net resultsector median €27,714 · 9,584 companies -€18,958 View
  • Controlled by AVIEXultimately: IDENTIC HOLDING 100% View
  • Active since 1987founded 18-05-1987 39 years View

By topic

Financials

Financial year
2025
Total assets
€361,898
Loss
-€18,958
Solvency
63.9%
Total assets▼ 9.0%
Net result
20182025
Go to Financials

Timeline

Events
45
Since
1988
Next accounts
by 31-07-2027
  1. 29-08-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
18-05-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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