APLI
ActiveSummary
APLI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,745 and a net result of €25,656. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-12
Solvency46▲+7
Growth67▲+13
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.16 in 2024; short-term debt: 79.5% and cash: 53% of total assets), and 79.5% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
20.5%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4926 sector peers (2025).
NBB · sector comparisonPosition among 4926 sector peers
Solvency
better than 22%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
29 d late
2023
57 d early
2022
54 d early
2021
18 d early
2020
1 d early
2019
96 d late
← 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 before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.6m▲ 3.6%
2024 · €1.6m
EBIT margin
2.2%▼ 3.2pp
2024 · 5.4%
Net result
€25,656▼ 54.5%
2024 · €56,407
Working capital
€103,695▲ 32.9%
2024 · €78,039
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€1.5m▲ 16.4%€1.4m▼ 3.2%€1.7m▲ 14.7%€1.6m▼ 6.5%€1.6m▲ 3.6%
Operating result€15,589▼ 34.0%€30,663▲ 96.7%€37,669▲ 22.8%€84,094▲ 123%€35,192▼ 58.2%
Net result€4,408▼ 65.8%€17,067▲ 287%€21,795▲ 27.7%€56,407▲ 159%€25,656within the sector's middle half▼ 54.5%
EBIT margin1.0%▼ 0.8pp2.1%▲ 1.1pp2.3%▲ 0.1pp5.4%▲ 3.1pp2.2%▼ 3.2pp
Equity€132,820▲ 3.4%€149,887▲ 12.8%€171,682▲ 14.5%€78,089▼ 54.5%€103,745below the sector's middle half▲ 32.9%
Total assets€458,116▲ 1.6%€450,071▼ 1.8%€523,502▲ 16.3%€570,824▲ 9.0%€505,748below the sector's middle half▼ 11.4%
Debt€325,296▲ 0.9%€300,184▼ 7.7%€351,820▲ 17.2%€492,735▲ 40.1%€402,003▼ 18.4%
Working capital€132,770▲ 3.4%€149,837▲ 12.9%€171,632▲ 14.5%€78,039▼ 54.5%€103,695▲ 32.9%
Solvency29.0%▲ 0.5pp33.3%▲ 4.3pp32.8%▼ 0.5pp13.7%▼ 19.1pp20.5%below the sector's middle half▲ 6.8pp
Staff (FTE)1.1▲ 10.0%1▼ 9.1%1=1=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,748
Fixed assets
€50 =
Current assets
€505,698 ▼ 11.4%
Equity and liabilities €505,748
Equity
€103,745 ▲ 32.9%
Debt
€402,003 ▼ 18.4%
Debt's share of the balance-sheet total falls from 86.3% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.26▲
2024 · 1.16
Debt to equity
3.87▼
2024 · 6.31
ROE
24.7%▼
2024 · 72.2%
ROA
5.1%▼
2024 · 9.9%
Debt ≤ 1 year
€402,003▼
2024 · €492,735
Income taxes
€7,039▼
2024 · €22,473
Staff costs
€95,350▲
2024 · €92,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 5,049 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.5m | €1.5m | €1.7m | €1.6m | €1.6m | ▲ 3.6% |
| Turnover70 | €1.5m | €1.4m | €1.7m | €1.6m | €1.6m | ▲ 3.6% |
| Other operating income74 | €2,671 | €3,610 | €6,343 | €2,425 | €2,147 | ▼ 11.5% |
| Non-recurring operating income76A | €3,489 | €1,256 | - | - | - | - |
| Operating charges60/66A | €1.5m | €1.4m | €1.6m | €1.5m | €1.6m | ▲ 7.1% |
| Goods for resale, raw materials and consumables60 | €1.1m | €1.0m | €1.2m | €1.0m | €1.1m | ▲ 9.1% |
| Purchases600/8 | €1.1m | €1.0m | €1.2m | €1.0m | €1.1m | ▲ 9.1% |
| Services and other goods61 | €329,896 | €325,318 | €366,193 | €360,394 | €372,602 | ▲ 3.4% |
| Remuneration, social security and pensions62 | €90,559 | €79,715 | €91,932 | €92,453 | €95,350 | ▲ 3.1% |
| Other operating charges640/8 | - | - | - | - | €400 | - |
| Non-recurring operating charges66A | €4,188 | €875 | €2,331 | €5,468 | €2,815 | ▼ 48.5% |
| Operating profit (loss)9901 | €15,589 | €30,663 | €37,669 | €84,094 | €35,192 | ▼ 58.2% |
| Financial income75/76B | - | - | - | - | €3,264 | - |
| Recurring financial income75 | - | - | - | - | €3,264 | - |
| Other financial income752/9 | - | - | - | - | €3,264 | - |
| Financial charges65/66B | €7,897 | €6,092 | €6,204 | €5,214 | €5,761 | ▲ 10.5% |
| Recurring financial charges65 | €7,897 | €6,092 | €6,204 | €5,214 | €5,761 | ▲ 10.5% |
| Debt charges650 | €7,897 | €742 | €1,056 | €1,056 | €1,092 | ▲ 3.4% |
| Other financial charges652/9 | - | €5,350 | €5,148 | €4,158 | €4,669 | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €7,692 | €24,571 | €31,465 | €78,880 | €32,695 | ▼ 58.6% |
| Income taxes67/77 | €3,284 | €7,504 | €9,670 | €22,473 | €7,039 | ▼ 68.7% |
| Taxes670/3 | €3,284 | €7,504 | €9,670 | €22,473 | €8,437 | ▼ 62.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €1,398 | - |
| Profit (loss) for the period9904 | €4,408 | €17,067 | €21,795 | €56,407 | €25,656 | ▼ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €4,408 | €17,067 | €21,795 | €56,407 | €25,656 | ▼ 54.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458,116 | €450,071 | €523,502 | €570,824 | €505,748 | ▼ 11.4% |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Other financial fixed assets284/8 | €50 | €50 | €50 | €50 | €50 | = |
| Amounts receivable and cash guarantees285/8 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €458,066 | €450,021 | €523,452 | €570,774 | €505,698 | ▼ 11.4% |
| Amounts receivable within one year40/41 | €145,380 | €141,203 | €122,205 | €156,900 | €227,741 | ▲ 45.2% |
| Trade receivables40 | €142,133 | €141,203 | €122,185 | €156,900 | €216,179 | ▲ 37.8% |
| Other amounts receivable41 | €3,247 | - | €20 | - | €11,563 | - |
| Cash at bank and in hand54/58 | €308,413 | €302,261 | €398,642 | €411,188 | €268,220 | ▼ 34.8% |
| Deferred charges and accrued income490/1 | €4,273 | €6,557 | €2,605 | €2,686 | €9,737 | ▲ 262% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458,116 | €450,071 | €523,502 | €570,824 | €505,748 | ▼ 11.4% |
| Equity10/15 | €132,820 | €149,887 | €171,682 | €78,089 | €103,745 | ▲ 32.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €110,820 | €127,887 | €149,682 | €56,089 | €81,745 | ▲ 45.7% |
| Amounts payable17/49 | €325,296 | €300,184 | €351,820 | €492,735 | €402,003 | ▼ 18.4% |
| Amounts payable within one year42/48 | €325,296 | €300,184 | €351,820 | €492,735 | €402,003 | ▼ 18.4% |
| Trade debts44 | €248,199 | €230,146 | €278,771 | €250,321 | €334,363 | ▲ 33.6% |
| Suppliers440/4 | €248,199 | €230,146 | €278,771 | €250,321 | €334,363 | ▲ 33.6% |
| Taxes, remuneration and social security45 | €77,097 | €70,038 | €73,049 | €92,414 | €67,640 | ▼ 26.8% |
| Taxes450/3 | €55,532 | €52,237 | €60,523 | €80,719 | €55,406 | ▼ 31.4% |
| Remuneration and social security454/9 | €21,565 | €17,801 | €12,526 | €11,694 | €12,234 | ▲ 4.6% |
| Other amounts payable47/48 | - | - | - | €150,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,408 | €17,067 | €21,795 | €56,407 | €25,656 | ▼ 54.5% |
| Operating cash flow (approximation) | €4,408 | €17,067 | €21,795 | €56,407 | €25,656 | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,152 | €96,381 | €12,546 | -€142,968 | ▼ 1,240% |
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
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €100,000Eq €103,745 ▲32.9%
8 profitable years in a row build equity to €103,745.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €56,407 ▲159%
Operating result €84,094, net result €56,407, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Equity above €150,000Eq €171,682 ▲14.5%
6 profitable years in a row build equity to €171,682.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Weakest financial yearnet €4,408 ▼65.8%
Net result drops to €4,408, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 96 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
04-07
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.
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.
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Directors · office · real estate
Directors
4 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, Watermaal-Bosvoorde · 1 establishment unit since 2008
Ground area
5,127 m²
Building footprint
1,510 m²
Volume, LiDAR
23,163 m³
Parcel 21652E0039/00H003, Brussels · tallest building 36.3 m, ±1 floor. Linked by address, not a title deed.
288
companies at this address
See who is registered here
1 establishment unit
APLI
since 20082.173.048.834
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 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.
Similar companies · same sector, comparable size
TIPIC
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BE 0474.576.359
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PAPETERIES DE NAMUR
BE 0468.665.891
Namur · Eq €108,286
GOZ PACK
BE 0766.690.572
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FLEXIPACK
BE 0451.616.657
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Of 192 companies in sector 46493 we hold annual accounts for 86. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46493Wholesale trade
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898833672
Also
9925:BE0898833672
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.