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B APIMMO

Active
Private limited companyfounded 200719 yrs activeRegentlaan 28, 1000 Brussel, BelgiumKBO/BCE: BE 0890.090.707
Summary

The computed 12-month bankruptcy probability of B APIMMO is 3.6% (moderate). The 2024 annual accounts show negative equity (-€161,578) and a net result of -€31,043. Equity is shrinking by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 15872 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-17
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.21 in 2023; cash: 72.3% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024
Solvency, return and age of the figures
Return on assets
-310.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€161,578
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
96 d late
2023
49 d early
2022
7 d early
2021
179 d late
2020
534 d late
2019
119 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 145 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 June 2007, B APIMMO was incorporated.1 Total assets went from EUR 31,542 in 2018 to EUR 9,990 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€161,578▼ 23.8%
2023 · -€130,535
Total assets
€9,990▼ 71.2%
2023 · €34,732
Net result
-€31,043▼ 8,701%
2023 · -€353
Working capital
-€161,076▼ 23.8%
2023 · -€130,162
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€14,835▼ 626%-€24,270▼ 63.6%-€16,080▲ 33.7%-€11,090▲ 31.0%-€30,477▼ 175%
Net result-€15,506below the sector's middle half▼ 488%-€25,210below the sector's middle half▼ 62.6%-€30,769below the sector's middle half▼ 22.0%-€353within the sector's middle half▲ 98.9%-€31,043below the sector's middle half▼ 8,701%
Equity-€74,203below the sector's middle half▼ 26.4%-€99,413below the sector's middle half▼ 34.0%-€130,182below the sector's middle half▼ 31.0%-€130,535below the sector's middle half▼ 0.3%-€161,578below the sector's middle half▼ 23.8%
Total assets€49,722below the sector's middle half▼ 40.7%€40,131below the sector's middle half▼ 19.3%€39,444below the sector's middle half▼ 1.7%€34,732below the sector's middle half▼ 11.9%€9,990below the sector's middle half▼ 71.2%
Debt€123,925▼ 13.1%€139,545▲ 12.6%€169,627▲ 21.6%€165,267▼ 2.6%€171,568▲ 3.8%
Working capital-€74,203below the sector's middle half▼ 25.9%-€100,406below the sector's middle half▼ 35.3%-€130,241below the sector's middle half▼ 29.7%-€130,162below the sector's middle half▲ 0.1%-€161,076below the sector's middle half▼ 23.8%
Solvency-149.2%below the sector's middle half▼ 79.3pp-247.7%below the sector's middle half▼ 98.5pp-330.0%below the sector's middle half▼ 82.3pp-375.8%below the sector's middle half▼ 45.8pp
Current ratio0.40below the sector's middle half▼ 0.190.28below the sector's middle half▼ 0.120.23below the sector's middle half▼ 0.050.21below the sector's middle half▼ 0.020.06below the sector's middle half▼ 0.15
Return on assets (ROA)-31.2%below the sector's middle half▼ 28.0pp-62.8%below the sector's middle half▼ 31.6pp-78.0%below the sector's middle half▼ 15.2pp-1.0%within the sector's middle half▲ 77.0pp-310.7%below the sector's middle half▼ 309.7pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2020: -€14,835-€14,835Net result 2020: -€15,506-€15,506Operating result 2021: -€24,270-€24,270Net result 2021: -€25,210-€25,210Operating result 2022: -€16,080-€16,080Net result 2022: -€30,769-€30,769Operating result 2023: -€11,090-€11,090Net result 2023: -€353-€353Operating result 2024: -€30,477-€30,477Net result 2024: -€31,043-€31,04320202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€16,080-€16,100Net result 2022: -€30,769-€30,800Operating result 2023: -€11,090-€11,100Net result 2023: -€353-€353Operating result 2024: -€30,477-€30,500Net result 2024: -€31,043-€31,000202220232024
The operating result stays negative: a loss of €30,477 in 2024 against €11,090 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€30,477▼
2023 · -€10,658
Cash flow
-€31,043▼
2023 · €79
Debt to equity
-1.06▲
2023 · -1.27
Interest coverage
-66.10▼
2023 · -22.97
Debt ≤ 1 year
€171,066▲
2023 · €164,765
Income taxes
€105▲
2023 · -€11,201
A ratio outside any meaningful range has been withheld (balance sheet total €9,990, equity -€161,578).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.5% went bankrupt
8.0% stopped otherwise
85% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€34,732€9,990▼
Fixed assets21/28€129€0▼
Tangible fixed assets22/27€129€0▼
Furniture and vehicles24€129€0▼
Current assets29/58€34,603€9,990▼
Stocks and contracts in progress3€21,673€0▼
Stocks30/36€21,673€0▼
Amounts receivable within one year40/41€5,034€2,770▼
Trade receivables40€4,531€1,800▼
Other amounts receivable41€503€970▲
Cash at bank and in hand54/58€1,240€7,220▲
Deferred charges and accrued income490/1€6,656€0▼
Equity and liabilities
Total equity and liabilities10/49€34,732€9,990▼
Equity10/15-€130,535-€161,578▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€149,135-€180,178▼
Amounts payable17/49€165,267€171,568▲
Amounts payable within one year42/48€164,765€171,066▲
Trade debts44€891€7,772▲
Suppliers440/4€891€7,772▲
Taxes, remuneration and social security45€132€236▲
Taxes450/3€132€236▲
Other amounts payable47/48€163,742€163,057▼
Accrued charges and deferred income492/3€502€502=
Income statement Code20232024
Non-recurring operating income76A-€3,572
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€432€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€21,673
Other operating charges640/8€1,481€285▼
Non-recurring operating charges66A€757€0▼
Gross operating margin9900-€8,421-€8,518▼
Operating profit (loss)9901-€11,090-€30,477▼
Financial charges65/66B€464€461▼
Recurring financial charges65€464€461▼
Profit (loss) for the period before taxes9903-€11,554-€30,938▼
Income taxes67/77-€11,201€105▲
Profit (loss) for the period9904-€353-€31,043▼
Profit (loss) for the period to be appropriated9905-€353-€31,043▼
Appropriation of the result
Profit (loss) to be appropriated9906-€149,135-€180,178▼
Profit (loss) brought forward from the previous period14P-€148,782-€149,135▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€3,572-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€334€303€432€432€0▼ 100%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€21,673-
Other operating charges640/8€1,783€2,245€1,255€1,481€285▼ 80.7%
Non-recurring operating charges66A---€757€0▼ 100%
Gross operating margin9900-€12,718-€21,722-€14,393-€8,421-€8,518▼ 1.2%
Operating profit (loss)9901-€14,835-€24,270-€16,080-€11,090-€30,477▼ 175%
Financial income75/76B€0-----
Recurring financial income75€0-----
Financial charges65/66B€526€794€2,827€464€461▼ 0.6%
Recurring financial charges65€526€794€2,827€464€461▼ 0.6%
Profit (loss) for the period before taxes9903-€15,361-€25,064-€18,907-€11,554-€30,938▼ 168%
Income taxes67/77€145€146€11,862-€11,201€105▲ 101%
Profit (loss) for the period9904-€15,506-€25,210-€30,769-€353-€31,043▼ 8,701%
Profit (loss) for the period to be appropriated9905-€15,506-€25,210-€30,769-€353-€31,043▼ 8,701%
Line20202021202220232024Change
Assets
Total assets20/58€49,722€40,131€39,444€34,732€9,990▼ 71.2%
Fixed assets21/28€0€993€561€129€0▼ 100%
Tangible fixed assets22/27€0€993€561€129€0▼ 100%
Furniture and vehicles24€0€993€561€129€0▼ 100%
Current assets29/58€49,722€39,138€38,883€34,603€9,990▼ 71.1%
Stocks and contracts in progress3€21,673€21,673€21,673€21,673€0▼ 100%
Stocks30/36€21,673€21,673€21,673€21,673€0▼ 100%
Amounts receivable within one year40/41€12,020€7,677€11,071€5,034€2,770▼ 45.0%
Trade receivables40€8,617€4,435€6,533€4,531€1,800▼ 60.3%
Other amounts receivable41€3,403€3,242€4,538€503€970▲ 92.8%
Cash at bank and in hand54/58€9,771€1,965€6,139€1,240€7,220▲ 482%
Deferred charges and accrued income490/1€6,257€7,823€0€6,656€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€49,722€40,131€39,444€34,732€9,990▼ 71.2%
Equity10/15-€74,203-€99,413-€130,182-€130,535-€161,578▼ 23.8%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€92,803-€118,013-€148,782-€149,135-€180,178▼ 20.8%
Amounts payable17/49€123,925€139,545€169,627€165,267€171,568▲ 3.8%
Amounts payable within one year42/48€123,925€139,545€169,125€164,765€171,066▲ 3.8%
Trade debts44€11,045€12,309€2,132€891€7,772▲ 772%
Suppliers440/4€11,045€12,309€2,132€891€7,772▲ 772%
Taxes, remuneration and social security45€262€291€12,153€132€236▲ 79.6%
Taxes450/3€262€291€12,153€132€236▲ 79.6%
Other amounts payable47/48€112,618€126,945€154,840€163,742€163,057▼ 0.4%
Accrued charges and deferred income492/3€0-€502€502€502=
Line20202021202220232024Change
Profit (loss) for the period9904-€15,506-€25,210-€30,769-€353-€31,043▼ 8,701%
+ Depreciation and write-downs630€334€303€432€432€0▼ 100%
Operating cash flow (approximation)-€15,172-€24,907-€30,337€79-€31,043▼ 39,251%
Investment in fixed assets (approximation)--€1,296€0€0€129-
Change in cash--€7,806€4,174-€4,899€5,980▲ 222%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 96 days late
2024
31-12
Financial Weakest financial yearnet -€31,043
Net result drops to -€31,043, the lowest in the series.
12-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
26-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 179 days late
16-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 534 days late
2020
27-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
16-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 474 days late
2018
20-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Brussel · 2 establishment units since 2007
seat establishment All 2 establishment units on the map
Ground area
1,836 m²
Building footprint
1,145 m²
Volume, LiDAR
17,741 m³
2 parcels, Brussels · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
2 establishment units
INNOVIP
Regentlaan 28-29, 1000 BrusselNACE 51190
since 20072.165.774.527
Vivement demain
Kasteleinsplein 14, 1050 ElseneAgents in non-specialised wholesale trade
since 20082.173.864.723
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21804D0166/00C000 Brussels 1,644 m² 1 · 1,021 m² 28.1 m · 8 fl.
21447B0215/00H008 Brussels 192 m² 1 · 124 m² 17.7 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,146 companies in sector 46190 we hold annual accounts for 2,576. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
E-invoicing
Not found in the Peppol register

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.