ASSOCIATED PARTNERS
ActiveSummary
The computed 12-month bankruptcy probability of ASSOCIATED PARTNERS is 1.5% (moderate). The 2025 annual accounts show equity of €657,001 and a net result of -€6,920. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 4801 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-3
Solvency57▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.25 in 2024; short-term debt: 35.2% and cash: 1.1% of total assets), and 68.4% of the assets are financed with debt.
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Signals
Three 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d late
2022
1 d early
2021
on the day
2020
2 d early
2019
18 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by total assets in Grimbergen, Other services sector#9 company by equity in Grimbergen, Other services sector
Turnover
€485,430
EBIT margin
0.5%
Net result
-€6,920
2024 · €37,330
Working capital
-€602,489▼ 6.8%
2024 · -€564,039
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 96, Personal service 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
Turnover
Operating result€20,377▲ 30.2%€42,535▲ 109%€101,889▲ 140%€135,271▲ 32.8%€26,830▼ 80.2%
Net result€92within the sector's middle half€20,367above the sector's middle half▲ 22,132%€81,960above the sector's middle half▲ 302%€37,330above the sector's middle half▼ 54.5%-€6,920below the sector's middle half
EBIT margin
Equity€291,133within the sector's middle half=€311,499above the sector's middle half▲ 7.0%€393,459above the sector's middle half▲ 26.3%€663,921above the sector's middle half▲ 68.7%€657,001above the sector's middle half▼ 1.0%
Total assets€2.0mabove the sector's middle half▲ 47.2%€1.9mabove the sector's middle half▼ 4.4%€2.0mabove the sector's middle half▲ 5.1%€2.3mabove the sector's middle half▲ 12.4%€2.1mabove the sector's middle half▼ 8.5%
Debt€1.7m▲ 60.0%€1.6m▼ 6.3%€1.6m▲ 1.0%€1.6m▼ 1.1%€1.4m▼ 11.6%
Working capital-€864,285below the sector's middle half▼ 18.1%-€839,335below the sector's middle half▲ 2.9%-€734,415below the sector's middle half▲ 12.5%-€564,039below the sector's middle half▲ 23.2%-€602,489below the sector's middle half▼ 6.8%
Solvency14.5%within the sector's middle half▼ 6.8pp16.2%within the sector's middle half▲ 1.7pp19.5%within the sector's middle half▲ 3.3pp29.2%within the sector's middle half▲ 9.7pp31.6%within the sector's middle half▲ 2.4pp
Current ratio0.12below the sector's middle half▲ 0.030.13below the sector's middle half▲ 0.020.32below the sector's middle half▲ 0.180.25below the sector's middle half▼ 0.070.18below the sector's middle half▼ 0.07
Return on assets (ROA)0.0%within the sector's middle half▲ 0.1pp1.1%within the sector's middle half▲ 1.1pp4.1%within the sector's middle half▲ 3.0pp1.6%within the sector's middle half▼ 2.4pp-0.3%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€2.0m ▼ 6.5%
Current assets
€129,321 ▼ 31.3%
Equity and liabilities €2.1m
Equity
€657,001 ▼ 1.0%
Debt
€1.4m ▼ 11.6%
Debt's share of the balance-sheet total falls from 70.8% to 68.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€293,946▼
2024 · €385,630
Cash flow
€260,196▼
2024 · €287,689
Quick ratio
0.17▼
2024 · 0.25
Debt to equity
2.17▼
2024 · 2.43
ROE
-1.1%▼
2024 · 5.6%
Interest coverage
11.31▲
2024 · 10.69
Debt ≤ 1 year
€731,810▼
2024 · €752,249
Debt > 1 year
€691,790▼
2024 · €858,174
Income taxes
€8,503▼
2024 · €62,036
Staff costs
€104,885▲
2024 · €90,060
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 8,612 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,374 | €84,572 | €90,060 | €104,885 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,356 | €136,250 | €141,416 | €250,359 | €267,116 | ▲ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,829 | - | - |
| Other operating charges640/8 | - | €11,446 | €13,215 | €15,667 | €16,436 | ▲ 4.9% |
| Gross operating margin9900 | €161,047 | €203,606 | €341,092 | €502,186 | €415,268 | ▼ 17.3% |
| Operating profit (loss)9901 | €20,377 | €42,535 | €101,889 | €135,271 | €26,830 | ▼ 80.2% |
| Financial income75/76B | - | €216 | €4,172 | €181 | €738 | ▲ 307% |
| Recurring financial income75 | €849 | €216 | €4,172 | €181 | €738 | ▲ 307% |
| Financial charges65/66B | - | €20,079 | €17,531 | €36,086 | €25,986 | ▼ 28.0% |
| Recurring financial charges65 | €18,146 | €20,079 | €17,531 | €36,086 | €25,986 | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | €3,080 | €22,672 | €88,530 | €99,366 | €1,583 | ▼ 98.4% |
| Income taxes67/77 | €2,988 | €2,306 | €6,570 | €62,036 | €8,503 | ▼ 86.3% |
| Profit (loss) for the period9904 | €92 | €20,367 | €81,960 | €37,330 | -€6,920 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €92 | €20,367 | €81,960 | €37,330 | -€6,920 | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.9m | €2.0m | €2.3m | €2.1m | ▼ 8.5% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.7m | €2.1m | €2.0m | ▼ 6.5% |
| Intangible fixed assets21 | - | - | - | €41,176 | €36,676 | ▼ 10.9% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.7m | €2.0m | €1.9m | ▼ 6.4% |
| Land and buildings22 | - | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €384,890 | €324,039 | €640,334 | €458,408 | ▼ 28.4% |
| Furniture and vehicles24 | - | €2,337 | €4,159 | €42,131 | €30,249 | ▼ 28.2% |
| Other tangible fixed assets26 | - | €63,676 | €59,082 | €114,660 | €224,131 | ▲ 95.5% |
| Financial fixed assets28 | €150 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €117,265 | €130,645 | €339,895 | €188,210 | €129,321 | ▼ 31.3% |
| Amounts receivable after more than one year29 | - | €8,557 | €6,307 | €4,507 | €2,707 | ▼ 39.9% |
| Other amounts receivable291 | - | €8,557 | €6,307 | €4,507 | €2,707 | ▼ 39.9% |
| Stocks and contracts in progress3 | €7,325 | €2,875 | €2,875 | €3,877 | €3,877 | = |
| Stocks30/36 | - | €2,875 | €2,875 | €3,877 | €3,877 | = |
| Amounts receivable within one year40/41 | €42,022 | €21,207 | €101,485 | €70,998 | €92,049 | ▲ 29.6% |
| Trade receivables40 | - | €18,774 | €88,959 | €52,509 | €88,914 | ▲ 69.3% |
| Other amounts receivable41 | - | €2,434 | €12,526 | €18,489 | €3,135 | ▼ 83.0% |
| Cash at bank and in hand54/58 | €51,815 | €89,875 | €229,229 | €108,719 | €22,288 | ▼ 79.5% |
| Deferred charges and accrued income490/1 | - | €8,131 | - | €110 | €8,401 | ▲ 7,537% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €2.0m | €2.3m | €2.1m | ▼ 8.5% |
| Equity10/15 | €291,133 | €311,499 | €393,459 | €663,921 | €657,001 | ▼ 1.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | - | €18,550 | - | - | - | - |
| Issued capital100 | - | €18,550 | - | - | - | - |
| Reserves13 | €3,336 | €3,336 | €3,336 | €3,336 | €3,336 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | - | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €1,481 | €1,481 | €1,481 | €1,481 | = |
| Profit (loss) carried forward14 | €93,571 | €113,937 | €195,897 | €233,227 | €226,307 | ▼ 3.0% |
| Investment grants15 | - | €175,676 | €175,676 | €408,809 | €408,809 | = |
| Amounts payable17/49 | €1.7m | €1.6m | €1.6m | €1.6m | €1.4m | ▼ 11.6% |
| Amounts payable after more than one year17 | €741,102 | €643,655 | €554,824 | €858,174 | €691,790 | ▼ 19.4% |
| Financial debts170/4 | - | €597,763 | €508,932 | €812,282 | €645,898 | ▼ 20.5% |
| Other amounts payable178/9 | - | €45,892 | €45,892 | €45,892 | €45,892 | = |
| Amounts payable within one year42/48 | €981,550 | €969,980 | €1.1m | €752,249 | €731,810 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €97,447 | €88,831 | €165,981 | €166,384 | ▲ 0.2% |
| Trade debts44 | €88,916 | €38,879 | €107,213 | €126,216 | €77,271 | ▼ 38.8% |
| Suppliers440/4 | - | €38,879 | €107,213 | €86,216 | €77,271 | ▼ 10.4% |
| Bills of exchange payable441 | - | - | - | €40,000 | - | - |
| Taxes, remuneration and social security45 | - | €4,526 | €35,480 | €37,287 | €29,013 | ▼ 22.2% |
| Taxes450/3 | - | €3,255 | €24,931 | €36,695 | €19,045 | ▼ 48.1% |
| Remuneration and social security454/9 | - | €1,271 | €10,548 | €592 | €9,968 | ▲ 1,585% |
| Other amounts payable47/48 | - | €829,129 | €842,786 | €422,765 | €459,141 | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92 | €20,367 | €81,960 | €37,330 | -€6,920 | ▼ 119% |
| + Depreciation and write-downs630 | €131,356 | €136,250 | €141,416 | €250,359 | €267,116 | ▲ 6.7% |
| Operating cash flow (approximation) | €131,447 | €156,616 | €223,376 | €287,689 | €260,196 | ▼ 9.6% |
| Investment in fixed assets (approximation) | - | -€34,220 | -€29,624 | -€653,796 | -€132,262 | ▲ 79.8% |
| Change in cash | - | €38,060 | €139,353 | -€120,510 | -€86,431 | ▲ 28.3% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€6,920
Net result drops to -€6,920, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €500,000Eq €663,921 ▲68.7%
4 profitable years in a row build equity to €663,921.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Highest result since 2019net €81,960 ▲302%
Net result €81,960, the highest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €92
Net result €92 after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €200,000Eq €291,041 ▲59.6%
Equity rises from €182,403 to €291,041.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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 5 acts read
About the unread acts
We know of 5 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 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Grimbergen · 10 establishment units since 1997
Ground area
2,836 m²
Building footprint
1,435 m²
Volume, LiDAR
13,347 m³
11 parcels, Brussels, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
10 establishment units
Quality Wash
since 19972.082.675.914
Quality Wash
since 20032.131.231.540
Quality Wash
since 20032.218.829.963
Quality Wash
since 20072.218.829.666
Quality Wash
since 20072.218.828.874
Quality Wash
since 20072.218.829.369
Show 4 more locations
Quality Wash
since 20112.218.830.458
Quality Wash
since 20112.218.830.062
Quality Wash
since 20202.308.568.326
Quality Wash
since 20222.345.389.922
11 parcels
Flanders
1
(9.1%)
Brussels
10
(90.9%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0079/00D002 | Flanders | 1,466 m² | 1 · 370 m² | 8.0 m · 1 fl. |
| 21013B0370/00M010 | Brussels | 310 m² | 1 · 221 m² | 19.6 m · 2 fl. |
| 21463D0202/00F006 | Brussels | 196 m² | 1 · 134 m² | 14.9 m · 2 fl. |
| 21442A0088/00K009 | Brussels | 142 m² | 1 · 128 m² | 18.7 m · 5 fl. |
| 21443C0019/00H000 | Brussels | 133 m² | 1 · 61 m² | 16.7 m · 5 fl. |
| 21463D0281/00H006 | Brussels | 119 m² | 1 · 97 m² | 17.7 m · 5 fl. |
| 21616G0075/00M003 | Brussels | 109 m² | 1 · 109 m² | 12.6 m · 2 fl. |
| 21443C0190/07R007 | Brussels | 103 m² | 1 · 102 m² | 16.8 m · 5 fl. |
| 21443C0049/00M003 | Brussels | 92 m² | 1 · 67 m² | 16.3 m · 5 fl. |
| 21447B0296/00D010 | Brussels | 84 m² | 1 · 67 m² | 16.1 m · 5 fl. |
| 21442A0133/00T002 | Brussels | 81 m² | 1 · 80 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
11 of 11 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
4 sitesElsene2.218.829.369
Elsene2.218.829.666
Elsene2.218.830.062
Elsene2.218.830.458
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Of 998 companies in this sector we hold annual accounts for 458. 205 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
Founded26-06-1997
Fiscal year end30-06
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
96101Personal service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460933904
Also
9925:BE0460933904
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.