Skip to content

Aplafin

Active
Public limited companyfounded 198342 yrs activeChaussée de Louvain 279, 1410 Waterloo, BelgiumKBO/BCE: BE 0425.954.417
Summary

Aplafin has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,293 and a net result of -€1,949. Equity is growing by ~11.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability34▼-3
Solvency98▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.41 in 2024; short-term debt: 23.1% and cash: 8.6% of total assets), and 27.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
30 d late
2023
31 d late
2022
47 d late
2021
27 d late
2020
30 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Aplafin was incorporated on 15 December 1983.1 Total assets went from EUR 114,514 in 2018 to EUR 125,323 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€91,293▼ 2.1%
2024 · €93,242
Total assets
€125,323=
2024 · €125,323
Net result
-€1,949▼ 332%
2024 · -€451
Working capital
-€18,091▼ 14.8%
2024 · -€15,755
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€462▲ 56.0%-€465▼ 0.5%-€5,434▼ 1,070%-€451▲ 91.7%-€1,938▼ 330%
Net result€63,595▲ 552%-€465-€5,434▼ 1,070%-€451▲ 91.7%-€1,949▼ 332%
Equity€99,591▲ 177%€99,127▼ 0.5%€93,693▼ 5.5%€93,242▼ 0.5%€91,293▼ 2.1%
Total assets€125,323=€125,323=€125,323=€125,323=€125,323=
Debt€25,731▼ 71.2%€26,196▲ 1.8%€31,630▲ 20.7%€32,081▲ 1.4%€34,029▲ 6.1%
Working capital-€14,923▲ 43.6%-€15,387▼ 3.1%-€15,691▼ 2.0%-€15,755▼ 0.4%-€18,091▼ 14.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: -€462-€462Net result 2021: €63,595€63,595Operating result 2022: -€465-€465Net result 2022: -€465-€465Operating result 2023: -€5,434-€5,434Net result 2023: -€5,434-€5,434Operating result 2024: -€451-€451Net result 2024: -€451-€451Operating result 2025: -€1,938-€1,938Net result 2025: -€1,949-€1,94920212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€5,434-€5,430Net result 2023: -€5,434-€5,430Operating result 2024: -€451-€451Net result 2024: -€451-€451Operating result 2025: -€1,938-€1,940Net result 2025: -€1,949-€1,950202320242025
The operating result stays negative: a loss of €1,938 in 2025 against €451 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,323
Fixed assets €114,514 =
Current assets €10,808 =
Equity and liabilities €125,323
Equity €91,293 ▼ 2.1%
Debt €34,029 ▲ 6.1%
Debt's share of the balance-sheet total rises from 25.6% to 27.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.37▼
2024 · 0.41
Debt to equity
0.37▲
2024 · 0.34
ROE
-2.1%▼
2024 · -0.5%
ROA
-1.6%▼
2024 · -0.4%
Debt ≤ 1 year
€28,899▲
2024 · €26,563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€125,323€125,323=
Fixed assets21/28€114,514€114,514=
Financial fixed assets28€114,514€114,514=
Current assets29/58€10,808€10,808=
Cash at bank and in hand54/58€10,808€10,808=
Equity and liabilities
Total equity and liabilities10/49€125,323€125,323=
Equity10/15€93,242€91,293▼
Contributions10/11€199,248€199,248=
Capital10€198,315€198,315=
Issued capital100€198,315€198,315=
Outside capital11€933€933=
Share premium1100/10€933€933=
Reserves13€73,600€73,600=
Non-distributable reserves130/1€9,280€9,280=
Legal reserve130€9,280€9,280=
Distributable reserves133€64,320€64,320=
Profit (loss) carried forward14-€179,606-€181,555▼
Amounts payable17/49€32,081€34,029▲
Amounts payable within one year42/48€26,563€28,899▲
Other amounts payable47/48€26,563€28,899▲
Accrued charges and deferred income492/3€5,518€5,130▼
Income statement Code20242025
Other operating charges640/8€387€640▲
Gross operating margin9900-€64-€1,298▼
Operating profit (loss)9901-€451-€1,938▼
Financial charges65/66B-€11
Recurring financial charges65-€11
Profit (loss) for the period before taxes9903-€451-€1,949▼
Profit (loss) for the period9904-€451-€1,949▼
Profit (loss) for the period to be appropriated9905-€451-€1,949▼
Appropriation of the result
Profit (loss) to be appropriated9906-€179,606-€181,555▼
Profit (loss) brought forward from the previous period14P-€179,155-€179,606▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€408€408€504€387€640▲ 65.2%
Gross operating margin9900-€55-€57-€4,930-€64-€1,298▼ 1,934%
Operating profit (loss)9901-€462-€465-€5,434-€451-€1,938▼ 330%
Financial income75/76B€64,058-----
Recurring financial income75€64,058-----
Non-recurring financial income76B€64,058-----
Financial charges65/66B----€11-
Recurring financial charges65----€11-
Profit (loss) for the period before taxes9903€63,595-€465-€5,434-€451-€1,949▼ 332%
Profit (loss) for the period9904€63,595-€465-€5,434-€451-€1,949▼ 332%
Profit (loss) for the period to be appropriated9905€63,595-€465-€5,434-€451-€1,949▼ 332%
Line20212022202320242025Change
Assets
Total assets20/58€125,323€125,323€125,323€125,323€125,323=
Fixed assets21/28€114,514€114,514€114,514€114,514€114,514=
Financial fixed assets28€114,514€114,514€114,514€114,514€114,514=
Current assets29/58€10,808€10,808€10,808€10,808€10,808=
Cash at bank and in hand54/58€10,808€10,808€10,808€10,808€10,808=
Equity and liabilities
Total equity and liabilities10/49€125,323€125,323€125,323€125,323€125,323=
Equity10/15€99,591€99,127€93,693€93,242€91,293▼ 2.1%
Contributions10/11€199,248€199,248€199,248€199,248€199,248=
Capital10€198,315€198,315€198,315€198,315€198,315=
Issued capital100€198,315€198,315€198,315€198,315€198,315=
Outside capital11€933€933€933€933€933=
Share premium1100/10€933€933€933€933€933=
Reserves13€73,600€73,600€73,600€73,600€73,600=
Non-distributable reserves130/1€9,280€9,280€9,280€9,280€9,280=
Legal reserve130€9,280€9,280€9,280€9,280€9,280=
Distributable reserves133€64,320€64,320€64,320€64,320€64,320=
Profit (loss) carried forward14-€173,256-€173,721-€179,155-€179,606-€181,555▼ 1.1%
Amounts payable17/49€25,731€26,196€31,630€32,081€34,029▲ 6.1%
Amounts payable within one year42/48€25,731€26,196€26,499€26,563€28,899▲ 8.8%
Other amounts payable47/48€25,731€26,196€26,499€26,563€28,899▲ 8.8%
Accrued charges and deferred income492/3--€5,130€5,518€5,130▼ 7.0%
Line20212022202320242025Change
Profit (loss) for the period9904€63,595-€465-€5,434-€451-€1,949▼ 332%
Operating cash flow (approximation)€63,595-€465-€5,434-€451-€1,949▼ 332%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Weakest financial yearnet -€5,434
Net result drops to -€5,434, the lowest in the series; recovery starts the following year.
16-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 47 days late
2022
27-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial Highest result since 2018net €63,595 ▲552%
Net result €63,595, the highest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Back to profitnet €9,758
Net result €9,758 after 2 loss-making years.
31-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
05-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
29-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
1,146 m²
Building footprint
227 m²
Volume, LiDAR
1,346 m³
Parcel 25764N0873/00S002, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
14 companies at this address See who is registered here
1 establishment unit
APLAFIN
Chaussée de Louvain 279, 1410 WaterlooInsurance, reinsurance and pension funding, except compulsory social security
since 19832.026.016.630
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764N0873/00S002 Wallonia 1,146 m² 1 · 227 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of Aplafin and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Company details

Identification
Legal formPublic limited company
Founded15-12-1983
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.