APSIS
ActiveAPSIS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €-19k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 4355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-3
Solvency60▼-6
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.73 in 2023; short-term debt: 60.5% and cash: 0% of total assets), but 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.8%
Return on assets
-7.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-19k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
12 d early
2022
4 d early
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k▼ 18.9%
2023 · €106k
2018: €106k
2019: €153k
2020: €142k
2021: €133k
2022: €120k
2023: €106k
2018 → 2024
Total assets
€246k▼ 5.3%
2023 · €260k
2018: €463k
2019: €330k
2020: €326k
2021: €323k
2022: €270k
2023: €260k
2018 → 2024
Net result
€-19k▼ 43.7%
2023 · €-13k
2018: €-91k
2019: €48k
2020: €-11k
2021: €-9k
2022: €-12k
2023: €-13k
2018 → 2024
Working capital
€85k▼ 17.5%
2023 · €103k
2018: €-31k
2019: €153k
2020: €144k
2021: €136k
2022: €116k
2023: €103k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€142k-€133k▼ 6.6%€120k▼ 9.6%€106k▼ 11.9%€86k▼ 18.9%
Operating result€-10k-€-8k▲ 16.6%€-13k▼ 59.2%€-7k▲ 49.1%€-21k▼ 202%
Net result€-11k-€-9k▲ 14.3%€-12k▼ 23.2%€-13k▼ 12.9%€-19k▼ 43.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €7k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €246k
Fixed assets
€12k▼ 17.2%
Current assets
€234k▼ 4.6%
Equity and liabilities €246k
Equity
€86k▼ 18.9%
Provisions
€12k▼ 5.2%
Debt
€149k▲ 4.7%
The debt ratio rises from 54.7% to 60.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2023 · €-5k
Cash flow
€-16k▼
2023 · €-11k
Solvency
34.8%▼
2023 · 40.6%
Current ratio
1.57▼
2023 · 1.73
Quick ratio
0.06▼
2023 · 0.14
Debt / equity
1.74▲
2023 · 1.35
ROE
-21.9%▼
2023 · -12.3%
ROA
-7.6%▼
2023 · -5.0%
Interest coverage
-334.28▼
2023 · -84.33
Debt
€149k▲
2023 · €142k
Debt ≤ 1 year
€149k▲
2023 · €142k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€260k€246k▼
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€14k€11k▼
Land and buildings22€14k€11k▼
Financial fixed assets28€837€837=
Current assets29/58€246k€234k▼
Stocks and contracts in progress3€226k€226k=
Stocks30/36€226k€226k=
Amounts receivable within one year40/41€20k€9k▼
Trade receivables40€11k-
Other amounts receivable41€9k€9k=
Cash at bank and in hand54/58€183€43▼
Equity and liabilities
Total equity and liabilities10/49€260k€246k▼
Equity10/15€106k€86k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€99k€98k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€26k€25k▼
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-55k€-74k▼
Provisions and deferred taxes16€12k€12k▼
Deferred taxes168€12k€12k▼
Amounts payable17/49€142k€149k▲
Amounts payable within one year42/48€142k€149k▲
Other amounts payable47/48€142k€149k▲
Income statement
Code20232024
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-7k€-21k▼
Financial charges65/66B€8k€54▼
Recurring financial charges65€59€54▼
Non-recurring financial charges66B€8k-
Profit (loss) for the period before taxes9903€-15k€-21k▼
Transfer from deferred taxes780€2k€2k=
Profit (loss) for the period9904€-13k€-19k▼
Profit (loss) for the period to be appropriated9905€-13k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-74k▼
Profit (loss) brought forward from the previous period14P€-42k€-55k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
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
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 397 days late
2019
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.00
Current ratio from 0.91 to 2.00; short-term debt falls from €334k to €154k.
31-12
Financial
Equity above €150kEq €153k ▲45%
Equity rises from €106k to €153k.
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 144 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, La Hulpe · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bois d'Hennessy 21310 La HulpeGround area
1,656 m²
Building footprint
247 m²
Volume, LiDAR
1,018 m³
Parcel 25050B0021/00C005, Wallonia · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bois d'Hennessy 2, 1310 La Hulpe
since 19912.051.411.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050B0021/00C005 | Wallonia | 1,656 m² | 1 · 246 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
TRADRL
BE 0779.404.106
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VALERIE BAUDUIN
BE 0430.937.148
Tournai · Eq €85k
LRGS
BE 0802.074.390
Brussel · Eq €85k
BLIKSEM SCHRIJFBUREAU
BE 0781.817.228
Zwevegem · Eq €87k
CELOPS
BE 0703.975.916
Assesse · Eq €87k
Of 4,530 companies in sector 74301 we hold annual accounts for 719. 614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1990
Fiscal year end31-12
Activities, NACEBEL
74300Other professional, scientific and technical activities
74301Translation services
74852
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.