ACTIVE

APSD

Financial year 2025 · closed on 31/12/2025
Net result
36,8 k €
-6.4% YoY
Gross margin
58,9 k €
+4.9% YoY
Equity
145,3 k €
+0.1% YoY

What does APSD do?

APSD is a Private limited company incorporated in 2019. Its main activity is: Computer programming activities. Its registered office is in Woluwe-Saint-Lambert.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0717.831.375
Incorporation
09/01/2019
Legal form
Private limited company
Registered office
Clos Marcel Fonteyne 6 box 3
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital
1,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin58,9 k €56,2 k €56,1 k €50,5 k €48,7 k €56 k €49,4 k €
EBITDA54,8 k €55,5 k €55,4 k €49,8 k €48,4 k €55,5 k €49 k €
Operating result52,2 k €55,5 k €54,9 k €49 k €43,4 k €51,1 k €43,8 k €
Net result36,8 k €39,3 k €40,8 k €36,1 k €30,4 k €36,6 k €31,4 k €
Balance sheet
Equity145,3 k €145,2 k €137,2 k €118,5 k €98,4 k €74,2 k €37,6 k €
Total assets247,1 k €182,3 k €165,5 k €149,7 k €126,4 k €104,5 k €56 k €
Cash156,6 k €167,6 k €141,5 k €140,2 k €115,9 k €79,3 k €24,1 k €
Debts101,8 k €37,2 k €28,3 k €31,2 k €28 k €30,4 k €18,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Andrea RUFFINO

Director · since 23 novembre 2021

Active

Ended mandates

Andrea RUFFINO

Director · since 09 janvier 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
0756.592.080
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202605/06/202518/06/202430/06/202316/05/202217/06/2021
General meeting11/06/202623/05/202512/06/202408/06/202313/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/06/202622/06/2026FrenchPDF
Micro model31/12/202423/05/202505/06/2025FrenchPDF
Micro model31/12/202312/06/202418/06/2024FrenchPDF
Micro model31/12/202208/06/202330/06/2023FrenchPDF
Abridged model31/12/202113/05/202216/05/2022FrenchPDF
Abridged model31/12/202014/05/202117/06/2021FrenchPDF
Abridged model31/12/201908/05/202024/06/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Andrea RUFFINO

Director · since 23 novembre 2021

Active

Ended mandates

Andrea RUFFINO

Director · since 09 janvier 2019

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202536,8 k €
  2. 2024
    Annual accounts 202439,3 k €
  3. 2023
    Annual accounts 202340,8 k €
  4. 2022
    Annual accounts 202236,1 k €
  5. 2021
    Annual accounts 202130,4 k €
  6. 2020
    Annual accounts 202036,6 k €
  7. 2019
    Annual accounts 201931,4 k €
  8. 09/01/2019
    IncorporationPrivate limited company