APSOLUTIONS
InactiveFinancials · financial year 2025, abbreviated format
Equity
€93,538▼ 11.9%
2024 · €106,131
Total assets
€146,932▼ 69.6%
2024 · €482,796
Net result
-€12,593▼ 511%
2024 · -€2,061
Working capital
€93,538▼ 64.7%
2024 · €264,964
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €7,786 after €3,508 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€7,786
2025
Net result-€12,593
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€146,932
2025
Equity€93,538
2025
Debt€53,393
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€93,538
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€83,756-€91,766▲ 9.6%€151,463▲ 65.1%€119,665▼ 21.0%€16,256▼ 86.4%€11,714▼ 27.9%€3,508▼ 70.1%-€7,786
Net result€79,296-€88,268▲ 11.3%€149,360▲ 69.2%€115,783▼ 22.5%€12,922▼ 88.8%€7,892▼ 38.9%-€2,061-€12,593▼ 511%
Equity-€266,035--€177,766▲ 33.2%-€28,407▲ 84.0%€87,377€100,299▲ 14.8%€108,191▲ 7.9%€106,131▼ 1.9%€93,538▼ 11.9%
Total assets€412,699-€406,466▼ 1.5%€604,061▲ 48.6%€590,753▼ 2.2%€438,686▼ 25.7%€652,111▲ 48.7%€482,796▼ 26.0%€146,932▼ 69.6%
Debt€678,734-€584,232▼ 13.9%€632,467▲ 8.3%€503,377▼ 20.4%€338,387▼ 32.8%€543,920▲ 60.7%€376,665▼ 30.7%€53,393▼ 85.8%
Working capital-€133,995--€42,906▲ 68.0%€109,331€228,049▲ 109%€252,965▲ 10.9%€263,911▲ 4.3%€264,964▲ 0.4%€93,538▼ 64.7%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2022 Net result -89% on 2021. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €146,932
Equity
€93,538 ▼ 11.9%
Debt
€53,393 ▼ 85.8%
Debt's share of the balance-sheet total falls from 78.0% to 36.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.75▲
2024 · 2.22
Debt to equity
0.57▼
2024 · 3.55
ROE
-13.5%▼
2024 · -1.9%
ROA
-8.6%▼
2024 · -0.4%
Debt ≤ 1 year
€53,393▼
2024 · €217,832
Debt > 1 year
€0▼
2024 · €158,834
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €12,049 | €567 | €583 | €836 | €848 | ▲ 1.4% |
| Gross operating margin9900 | €84,200 | €92,244 | €218,285 | €131,714 | €16,822 | €12,298 | €4,345 | -€6,937 | - |
| Operating profit (loss)9901 | €83,756 | €91,766 | €151,463 | €119,665 | €16,256 | €11,714 | €3,508 | -€7,786 | - |
| Financial income75/76B | - | - | - | - | €617 | €11 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1,882 | €1,450 | - | €617 | €11 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €3,882 | €3,951 | €3,833 | €5,569 | €4,807 | ▼ 13.7% |
| Recurring financial charges65 | €4,460 | €5,379 | €3,553 | €3,882 | €3,951 | €3,833 | €5,569 | €4,807 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €79,296 | €88,268 | €149,360 | €115,783 | €12,922 | €7,892 | -€2,061 | -€12,593 | ▼ 511% |
| Profit (loss) for the period9904 | €79,296 | €88,268 | €149,360 | €115,783 | €12,922 | €7,892 | -€2,061 | -€12,593 | ▼ 511% |
| Profit (loss) for the period to be appropriated9905 | €79,296 | €88,268 | €149,360 | €115,783 | €12,922 | €7,892 | -€2,061 | -€12,593 | ▼ 511% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €412,699 | €406,466 | €604,061 | €590,753 | €438,686 | €652,111 | €482,796 | €146,932 | ▼ 69.6% |
| Fixed assets21/28 | €9,000 | €9,000 | €9,000 | €9,000 | €0 | - | - | - | - |
| Financial fixed assets28 | €9,000 | €9,000 | €9,000 | €9,000 | €0 | - | - | - | - |
| Current assets29/58 | €403,699 | €397,466 | €595,061 | €581,753 | €438,686 | €652,111 | €482,796 | €146,932 | ▼ 69.6% |
| Stocks and contracts in progress3 | - | €47,918 | €64,848 | €20,886 | €15,504 | €0 | - | - | - |
| Stocks30/36 | - | - | - | €20,886 | €15,504 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €378,847 | €333,948 | €344,246 | €368,053 | €361,786 | €652,111 | €482,303 | €146,932 | ▼ 69.5% |
| Trade receivables40 | - | - | - | €156,233 | €104,574 | €367,241 | €148,830 | €60,000 | ▼ 59.7% |
| Other amounts receivable41 | - | - | - | €211,820 | €257,212 | €284,870 | €333,473 | €86,932 | ▼ 73.9% |
| Cash at bank and in hand54/58 | €24,852 | €15,600 | €185,967 | €192,345 | €61,396 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €469 | €0 | - | €493 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €412,699 | €406,466 | €604,061 | €590,753 | €438,686 | €652,111 | €482,796 | €146,932 | ▼ 69.6% |
| Equity10/15 | -€266,035 | -€177,766 | -€28,407 | €87,377 | €100,299 | €108,191 | €106,131 | €93,538 | ▼ 11.9% |
| Contributions10/11 | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | = |
| Capital10 | - | - | - | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | = |
| Issued capital100 | - | - | - | €104,114 | €104,114 | €104,114 | €104,114 | €104,114 | = |
| Profit (loss) carried forward14 | -€370,149 | -€281,880 | -€132,521 | -€16,738 | -€3,815 | €4,077 | €2,017 | -€10,576 | - |
| Amounts payable17/49 | €678,734 | €584,232 | €632,467 | €503,377 | €338,387 | €543,920 | €376,665 | €53,393 | ▼ 85.8% |
| Amounts payable after more than one year17 | €141,040 | €143,860 | €146,738 | €149,672 | €152,666 | €155,719 | €158,834 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €149,672 | €152,666 | €155,719 | €158,834 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €537,694 | €440,371 | €485,730 | €353,704 | €185,721 | €388,201 | €217,832 | €53,393 | ▼ 75.5% |
| Financial debts43 | - | - | - | - | - | €38,969 | €43,563 | €35,258 | ▼ 19.1% |
| Credit institutions430/8 | - | - | - | - | - | €38,969 | €43,563 | €35,258 | ▼ 19.1% |
| Trade debts44 | €311,042 | €213,219 | €268,098 | €234,901 | €147,918 | €321,286 | €167,273 | €5,425 | ▼ 96.8% |
| Suppliers440/4 | - | - | - | €234,901 | €147,918 | €321,286 | €167,273 | €5,425 | ▼ 96.8% |
| Other amounts payable47/48 | - | - | - | €118,803 | €37,803 | €27,946 | €6,996 | €12,710 | ▲ 81.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,296 | €88,268 | €149,360 | €115,783 | €12,922 | €7,892 | -€2,061 | -€12,593 | ▼ 511% |
| Operating cash flow (approximation) | €79,296 | €88,268 | €149,360 | €115,783 | €12,922 | €7,892 | -€2,061 | -€12,593 | ▼ 511% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €9,000 | - | - | - | - |
| Change in cash | - | -€9,253 | €170,367 | €6,379 | -€130,949 | -€61,396 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-03-2026 | 2026-00065427 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00116959 |
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00122617 |
| 31-12-2022 | abbreviated format | 02-06-2023 | 2023-00103519 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076967 |
| 31-12-2020 | micro format | 14-06-2021 | 2021-19700069 |
| 31-12-2019 | micro format | 05-10-2020 | 2020-58800231 |
| 31-12-2018 | micro format | 12-07-2019 | 2019-31600247 |
| 31-12-2017 | abbreviated format | 27-06-2018 | 2018-22900152 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-52600447 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.