APROFIM
ActiveSummary
APROFIM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388,522 and a net result of €211,555. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+58
Solvency69▲+30
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.42 against 0.17 in 2024; short-term debt: 1.9% and cash: 6% of total assets), but 56.4% of the assets are financed with debt.
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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○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
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
43.6%
Return on assets
23.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €388,522
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
20 d late
2023
on the day
2022
31 d early
2021
31 d late
2020
2 d early
2019
3 d 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 2 days before 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 (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 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€388,522▲ 120%
2024 · €176,966
Total assets
€891,544▼ 28.0%
2024 · €1.2m
Net result
€211,555
2024 · -€42,531
Working capital
€160,009
2024 · -€117,709
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,409▼ 73.6%-€130,272-€173,330▼ 33.1%-€22,425▲ 87.1%€240,442
Net result€28,670within the sector's middle half▼ 78.1%-€141,429below the sector's middle half-€250,934below the sector's middle half▼ 77.4%-€42,531below the sector's middle half▲ 83.1%€211,555above the sector's middle half
Equity€611,861above the sector's middle half▼ 10.6%€470,432above the sector's middle half▼ 23.1%€219,497within the sector's middle half▼ 53.3%€176,966within the sector's middle half▼ 19.4%€388,522above the sector's middle half▲ 120%
Total assets€1.2mabove the sector's middle half▲ 72.3%€1.0mwithin the sector's middle half▼ 13.3%€1.4mabove the sector's middle half▲ 31.4%€1.2mabove the sector's middle half▼ 10.1%€891,544within the sector's middle half▼ 28.0%
Debt€597,179▲ 3,301%€577,761▼ 3.3%€1.2m▲ 100%€1.1m▼ 8.4%€491,988▼ 53.6%
Working capital-€192,115below the sector's middle half-€257,810below the sector's middle half▼ 34.2%-€50,711within the sector's middle half▲ 80.3%-€117,709below the sector's middle half▼ 132%€160,009above the sector's middle half
Solvency50.6%within the sector's middle half▼ 46.9pp44.9%within the sector's middle half▼ 5.7pp15.9%within the sector's middle half▼ 28.9pp14.3%within the sector's middle half▼ 1.6pp43.6%within the sector's middle half▲ 29.3pp
Current ratio0.68within the sector's middle half▼ 23.420.55within the sector's middle half▼ 0.120.66within the sector's middle half▲ 0.110.17below the sector's middle half▼ 0.4910.42above the sector's middle half▲ 10.25
Return on assets (ROA)2.4%within the sector's middle half▼ 16.3pp-13.5%below the sector's middle half▼ 15.9pp-18.2%below the sector's middle half▼ 4.7pp-3.4%below the sector's middle half▲ 14.8pp23.7%above the sector's middle half▲ 27.2pp
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -78% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €240,442 after a loss of €22,425 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €891,544
Fixed assets
€714,547 ▼ 41.2%
Current assets
€176,997 ▲ 650%
Equity and liabilities €891,544
Equity
€388,522 ▲ 120%
Provisions
€11,034
Debt
€491,988 ▼ 53.6%
Debt's share of the balance-sheet total falls from 85.7% to 55.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€276,358▲
2024 · €62,098
Cash flow
€247,472▲
2024 · €41,992
Debt to equity
1.27▼
2024 · 5.99
ROE
54.5%▲
2024 · -24.0%
Interest coverage
24.20▲
2024 · 3.10
Debt ≤ 1 year
€16,988▼
2024 · €141,306
Debt > 1 year
€475,000▼
2024 · €919,590
Income taxes
€6,458▲
2024 · €169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €197,185 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,950 | €75,735 | €83,672 | €84,523 | €35,916 | ▼ 57.5% |
| Other operating charges640/8 | €7,201 | €5,349 | €5,736 | €6,430 | €5,586 | ▼ 13.1% |
| Non-recurring operating charges66A | - | €2,889 | - | - | - | - |
| Gross operating margin9900 | €135,560 | -€46,300 | -€83,921 | €68,528 | €281,944 | ▲ 311% |
| Operating profit (loss)9901 | €52,409 | -€130,272 | -€173,330 | -€22,425 | €240,442 | ▲ 1,172% |
| Financial income75/76B | €128 | €728 | - | €72 | €24 | ▼ 66.7% |
| Recurring financial income75 | €128 | €728 | - | €72 | €24 | ▼ 66.7% |
| Financial charges65/66B | €65 | €11,558 | €77,413 | €20,010 | €11,419 | ▼ 42.9% |
| Recurring financial charges65 | €65 | €11,558 | €77,413 | €20,010 | €11,419 | ▼ 42.9% |
| Profit (loss) for the period before taxes9903 | €52,472 | -€141,103 | -€250,742 | -€42,362 | €229,047 | ▲ 641% |
| Transfer from deferred taxes780 | - | - | - | - | €663 | - |
| Transfer to deferred taxes680 | - | - | - | - | €11,697 | - |
| Income taxes67/77 | €23,802 | €327 | €192 | €169 | €6,458 | ▲ 3,727% |
| Profit (loss) for the period9904 | €28,670 | -€141,429 | -€250,934 | -€42,531 | €211,555 | ▲ 597% |
| Transfer from tax-exempt reserves789 | €37,450 | - | - | - | €1,990 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €35,092 | - |
| Profit (loss) for the period to be appropriated9905 | €66,120 | -€141,429 | -€250,934 | -€42,531 | €178,454 | ▲ 520% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.0m | €1.4m | €1.2m | €891,544 | ▼ 28.0% |
| Fixed assets21/28 | €803,976 | €728,241 | €1.3m | €1.2m | €714,547 | ▼ 41.2% |
| Tangible fixed assets22/27 | €803,976 | €728,241 | €1.3m | €1.2m | €699,547 | ▼ 41.7% |
| Land and buildings22 | €778,002 | €710,018 | €1.2m | €1.2m | €625,359 | ▼ 46.1% |
| Plant, machinery and equipment23 | €21,336 | €15,580 | €13,227 | €15,997 | €11,734 | ▼ 26.7% |
| Furniture and vehicles24 | €4,638 | €2,643 | €11,788 | €15,026 | €30,335 | ▲ 102% |
| Other tangible fixed assets26 | - | - | - | €7,254 | €32,119 | ▲ 343% |
| Financial fixed assets28 | - | - | €15,000 | €15,000 | €15,000 | = |
| Current assets29/58 | €405,064 | €319,951 | €98,117 | €23,597 | €176,997 | ▲ 650% |
| Amounts receivable within one year40/41 | €66,827 | €69,450 | €13,072 | €14,650 | €121,709 | ▲ 731% |
| Trade receivables40 | €19,229 | €32,705 | €13,072 | €9,720 | €120,960 | ▲ 1,144% |
| Other amounts receivable41 | €47,598 | €36,745 | - | €4,930 | €749 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €332,354 | €246,386 | €77,416 | €8,310 | €53,831 | ▲ 548% |
| Deferred charges and accrued income490/1 | €5,882 | €4,116 | €7,629 | €637 | €1,456 | ▲ 129% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €1.4m | €1.2m | €891,544 | ▼ 28.0% |
| Equity10/15 | €611,861 | €470,432 | €219,497 | €176,966 | €388,522 | ▲ 120% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €331,515 | €331,515 | €273,975 | €273,975 | €369,972 | ▲ 35.0% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €33,101 | - |
| Distributable reserves133 | €329,660 | €329,660 | €272,120 | €273,975 | €336,870 | ▲ 23.0% |
| Profit (loss) carried forward14 | €261,796 | €120,366 | -€73,028 | -€115,559 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €11,034 | - |
| Deferred taxes168 | - | - | - | - | €11,034 | - |
| Amounts payable17/49 | €597,179 | €577,761 | €1.2m | €1.1m | €491,988 | ▼ 53.6% |
| Amounts payable after more than one year17 | - | - | €1.0m | €919,590 | €475,000 | ▼ 48.3% |
| Financial debts170/4 | - | - | €508,823 | €429,590 | - | - |
| Other amounts payable178/9 | - | - | €500,000 | €490,000 | €475,000 | ▼ 3.1% |
| Amounts payable within one year42/48 | €597,179 | €577,761 | €148,828 | €141,306 | €16,988 | ▼ 88.0% |
| Current portion of amounts payable after more than one year42 | - | - | €38,295 | €79,233 | - | - |
| Financial debts43 | - | - | - | €19,156 | - | - |
| Credit institutions430/8 | - | - | - | €19,156 | - | - |
| Trade debts44 | €3,185 | €11,220 | €9,898 | €30,634 | €1,507 | ▼ 95.1% |
| Suppliers440/4 | €3,185 | €11,220 | €9,898 | €30,634 | €1,507 | ▼ 95.1% |
| Taxes, remuneration and social security45 | €3,205 | €327 | €22,137 | €8,229 | €8,972 | ▲ 9.0% |
| Taxes450/3 | €3,205 | €327 | €22,137 | €8,229 | €8,972 | ▲ 9.0% |
| Other amounts payable47/48 | €590,788 | €566,215 | €78,498 | €4,054 | €6,508 | ▲ 60.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,670 | -€141,429 | -€250,934 | -€42,531 | €211,555 | ▲ 597% |
| + Depreciation and write-downs630 | €75,950 | €75,735 | €83,672 | €84,523 | €35,916 | ▼ 57.5% |
| Operating cash flow (approximation) | €104,620 | -€65,695 | -€167,262 | €41,992 | €247,472 | ▲ 489% |
| Investment in fixed assets (approximation) | - | €0 | -€634,463 | -€19,757 | €463,803 | ▲ 2,448% |
| Change in cash | - | -€85,969 | -€168,969 | -€69,106 | €45,521 | ▲ 166% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €211,555
Net result €211,555 after 3 loss-making years.
31-12
Financial
Liquidity times 62current ratio 10.42
Current ratio from 0.17 to 10.42; short-term debt falls from €141,306 to €16,988.
31-12
Financial
Equity above €200,000Eq €388,522 ▲120%
Equity rises from €176,966 to €388,522.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€250,934
Net result drops to -€250,934, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 24.10
Current ratio from 9.35 to 24.10; short-term debt falls from €29,303 to €17,557.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2003
Ground area
9,650 m²
Parcel 11807G2433/00A000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Aprofim
since 20032.134.321.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G2433/00A000 | Flanders | 9,649 m² | - | - |
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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of APROFIM 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.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 807 EUR awarded · 807 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 627 EUR | 627 EUR |
| 2024 | 1 | 180 EUR | 180 EUR |
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Of 11,749 companies in this sector we hold annual accounts for 6,910. 4,796 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded09-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860968139
Also
9925:BE0860968139
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.