AUPM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,914, smaller than the loss of €8,506 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €400 | - |
| Gross operating margin9900 | -€8,506 | -€4,514 | ▲ 46.9% |
| Operating profit (loss)9901 | -€8,506 | -€4,914 | ▲ 42.2% |
| Financial income75/76B | €73 | - | - |
| Recurring financial income75 | €73 | - | - |
| Financial charges65/66B | €39 | €631 | ▲ 16× |
| Recurring financial charges65 | €39 | €631 | ▲ 16× |
| Profit (loss) for the period before taxes9903 | -€8,471 | -€5,546 | ▲ 34.5% |
| Profit (loss) for the period9904 | -€8,471 | -€5,546 | ▲ 34.5% |
| Profit (loss) for the period to be appropriated9905 | -€8,471 | -€5,546 | ▲ 34.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €27,150 | €12,603 | ▼ 53.6% |
| Current assets29/58 | €27,150 | €12,603 | ▼ 53.6% |
| Stocks and contracts in progress3 | €6,110 | €10,619 | ▲ 73.8% |
| Stocks30/36 | €6,110 | €10,619 | ▲ 73.8% |
| Amounts receivable within one year40/41 | €1,035 | €359 | ▼ 65.3% |
| Trade receivables40 | €718 | €166 | ▼ 76.9% |
| Other amounts receivable41 | €317 | €193 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €20,006 | €1,625 | ▼ 91.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €27,150 | €12,603 | ▼ 53.6% |
| Equity10/15 | €11,529 | €5,983 | ▼ 48.1% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€8,471 | -€14,017 | ▼ 65.5% |
| Amounts payable17/49 | €15,622 | €6,620 | ▼ 57.6% |
| Amounts payable within one year42/48 | €15,622 | €6,620 | ▼ 57.6% |
| Trade debts44 | €10,622 | €1,060 | ▼ 90.0% |
| Suppliers440/4 | €10,622 | €1,060 | ▼ 90.0% |
| Other amounts payable47/48 | €5,000 | €5,560 | ▲ 11.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,471 | -€5,546 | ▲ 34.5% |
| Operating cash flow (approximation) | -€8,471 | -€5,546 | ▲ 34.5% |
| Change in cash | - | -€18,381 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as AUPM has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AUPM itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for AUPM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.