APSD
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €110,000 and €180,000.
Balance sheet
balance sheet total €247,089 on 31-12-2025in euro
in euro
Position in the sector
58.8%
Higher than 49% of 21,205 companies in 2025.
2.91
Higher than 57% of 20,568 companies in 2025.
14.9%
Higher than 44% of 20,743 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
247,089 | 182,321 | 165,500 | 149,658 | 126,380 | 104,550 | 55,982 | |
21/28 |
70,877 | - | - | 550 | 1,364 | 6,346 | 8,334 | |
22/27 |
70,877 | - | - | 550 | 1,364 | 6,346 | 8,334 | |
24 |
70,877 | - | - | 550 | 1,364 | 6,346 | 8,334 | |
29/58 |
176,212 | 182,321 | 165,500 | 149,109 | 125,016 | 98,204 | 47,648 | |
40/41 |
18,214 | 13,856 | 22,539 | 7,290 | 8,334 | 18,188 | 23,023 | |
40 |
10,160 | 9,599 | 18,757 | 6,660 | 7,604 | 11,132 | 16,250 | |
41 |
8,054 | 4,257 | 3,783 | 630 | 730 | 7,056 | 6,773 | |
54/58 |
156,611 | 167,630 | 141,503 | 140,214 | 115,938 | 79,254 | 24,150 | |
490/1 |
1,386 | 835 | 1,457 | 1,604 | 745 | 762 | 476 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
247,089 | 182,321 | 165,500 | 149,658 | 126,380 | 104,550 | 55,982 | |
10/15 |
145,321 | 145,152 | 137,237 | 118,451 | 98,392 | 74,195 | 37,584 | |
10/11 |
1 | 1 | 1 | 1 | 1 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
145,320 | 145,151 | 137,236 | 118,450 | 98,391 | 67,995 | 31,384 | |
133 |
145,320 | 145,151 | 137,236 | 118,450 | 98,391 | 67,995 | 31,384 | |
14 |
0 | - | - | - | - | - | - | |
17/49 |
101,768 | 37,169 | 28,263 | 31,208 | 27,989 | 30,355 | 18,398 | |
17 |
41,135 | - | - | - | - | 853 | 2,888 | |
170/4 |
41,135 | - | - | - | - | 853 | 2,888 | |
42/48 |
60,633 | 37,169 | 28,263 | 31,208 | 27,989 | 29,501 | 15,511 | |
42 |
9,754 | - | - | - | 853 | 2,034 | 2,014 | |
44 |
9,178 | - | 373 | 271 | - | 12,756 | 853 | |
440/4 |
9,178 | - | 373 | 271 | - | 12,756 | 853 | |
45 |
6,920 | 7,354 | 5,890 | 14,770 | 27,135 | 14,711 | 12,643 | |
450/3 |
6,920 | 7,354 | 5,890 | 14,770 | 27,135 | 14,711 | 12,643 | |
47/48 |
34,781 | 29,815 | 22,000 | 16,166 | - | - | - | |
| Income statement | ||||||||
9900 |
58,931 | 56,192 | 56,106 | 50,452 | 48,718 | 55,955 | 49,364 | |
630 |
2,618 | - | 550 | 814 | 4,982 | 4,431 | 5,247 | |
640/8 |
4,131 | 679 | 662 | 608 | 298 | 440 | 323 | |
9901 |
52,182 | 55,513 | 54,894 | 49,030 | 43,439 | 51,084 | 43,795 | |
75/76B |
158 | 110 | 82 | - | 0 | 626 | 259 | |
75 |
158 | 110 | 82 | - | 0 | 626 | 259 | |
65/66B |
471 | 540 | 648 | 625 | 619 | 389 | 27 | |
65 |
471 | 540 | 648 | 625 | 619 | 389 | 27 | |
9903 |
51,868 | 55,084 | 54,329 | 48,405 | 42,819 | 51,321 | 44,027 | |
67/77 |
15,088 | 15,785 | 13,543 | 12,346 | 12,424 | 14,709 | 12,643 | |
9904 |
36,781 | 39,299 | 40,786 | 36,059 | 30,395 | 36,612 | 31,384 | |
9905 |
36,781 | 39,299 | 40,786 | 36,059 | 30,395 | 36,612 | 31,384 | |
| Appropriation of the result | ||||||||
9906 |
36,781 | 39,299 | 40,786 | 36,059 | 30,395 | 36,612 | 31,384 | |
791/2 |
36,612 | 31,384 | - | - | - | - | - | |
691/2 |
36,781 | 39,299 | 18,786 | 20,059 | 30,395 | 36,612 | 31,384 | |
6921 |
36,781 | 39,299 | 18,786 | 20,059 | 30,395 | 36,612 | 31,384 | |
694/7 |
36,612 | 31,384 | 22,000 | 16,000 | - | - | - | |
694 |
36,612 | 31,384 | 22,000 | 16,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00204963 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00124230 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00142053 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00191235 | |
| 31-12-2021 | full format | 16-05-2022 | 2022-20033265 | |
| 31-12-2020 | full format | 17-06-2021 | 2021-21200187 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-20400140 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 54,800 | - | 55,444 | 49,844 | 48,420 | 55,515 | 49,042 | ||
| 39,398 | - | 41,336 | 36,873 | 35,377 | 41,043 | 36,630 | ||
| 73,495 | - | 0 | 0 | 0 | 2,443 | 12,500 | ||
| -11,019 | 26,127 | 1,289 | 24,277 | 36,683 | 55,105 | - | ||
| 115,579 | 145,152 | 137,237 | 117,901 | 97,028 | 68,703 | 32,138 | ||
| 58.8% | 79.6% | 82.9% | 79.1% | 77.9% | 71.0% | 67.1% | ||
| 2.91 | 4.91 | 5.86 | 4.78 | 4.47 | 3.33 | 3.07 | ||
| 0.70 | 0.26 | 0.21 | 0.26 | 0.28 | 0.41 | 0.49 | ||
| 25.3% | 27.1% | 29.7% | 30.4% | 30.9% | 49.3% | 83.5% | ||
| 14.9% | 21.6% | 24.6% | 24.1% | 24.1% | 35.0% | 56.1% | ||
| over 100 | - | 85.63 | 79.76 | 78.19 | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €73,495 | - | - | - | - |
| €2,618 | - | €550 | €814 | €4,982 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on APSD
The operating result for 2025 is 6% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 20.4% to 41.2%. Equity and debt are higher.