ACTIVE

AP PARTNERS

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Financial year 2025 · closed on 31/12/2025

Net result

38,6 k €

+130.8% YoY

Gross margin

24,5 k €

+134.0% YoY

Equity

-32,7 k €

+54.2% YoY

What does AP PARTNERS do?

AP PARTNERS is a Private limited company incorporated in 2007. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.916.431

Incorporation

01/02/2007

Legal form

Private limited company

Registered office

Rue de la Duchesse 11 box 3
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	24,5 k €	+134%	-72 k €	-212%	64,3 k €	-73.8%	245,8 k €	+16.7%	210,7 k €	+27619%	760,2 €	-99.5%	164,8 k €	-73.7%	625,6 k €	+11.0%	563,7 k €	-17.7%	684,8 k €	+24.3%	551 k €	+29.2%	426,4 k €	+57.2%	271,2 k €	+1.7%	266,6 k €	+72.2%	154,8 k €	+181%	55 k €	+4.4%	52,7 k €	-36.9%	83,5 k €	+3882%	2,1 k €
EBITDA	21,5 k €	+128%	-76,9 k €	-225%	61,4 k €	-71.0%	211,9 k €	+76.4%	120,1 k €	+185%	-142 k €	+2.5%	-145,6 k €	-270%	85,7 k €	+257%	-54,4 k €	-129%	189,5 k €	+20.3%	157,5 k €	-22.4%	202,9 k €	+28.5%	157,9 k €	-11.2%	177,8 k €	+21.4%	146,5 k €	+174%	53,5 k €	+8.9%	49,2 k €	-39.9%	81,7 k €	+7109%	1,1 k €
Operating result	25,3 k €	+130%	-83,6 k €	-248%	56,5 k €	-71.2%	196,1 k €	+92.2%	102 k €	+163%	-161,5 k €	+15.0%	-189,9 k €	-1478%	13,8 k €	+111%	-120,1 k €	-186%	139,8 k €	+27.0%	110,1 k €	-36.9%	174,4 k €	+52.9%	114,1 k €	-10.8%	127,9 k €	+29.9%	98,5 k €	+425%	18,7 k €	+13.3%	16,5 k €	-72.0%	59,2 k €	+2563%	-2,4 k €
Net result	38,6 k €	+131%	-125,3 k €	-347%	50,7 k €	-72.7%	185,6 k €	+23.7%	150 k €	+196%	-156,5 k €	+20.8%	-197,5 k €	-3427%	5,9 k €	+105%	-127,1 k €	-259%	79,8 k €	+24.3%	64,2 k €	-37.0%	102 k €	+42.1%	71,8 k €	-4.6%	75,2 k €	+37.9%	54,5 k €	+349%	12,1 k €	+67.0%	7,3 k €	-79.9%	36,1 k €	+1700%	-2,3 k €
Balance sheet
Equity	-32,7 k €	+54.2%	-71,3 k €	-232%	54,1 k €	+1510%	3,4 k €	+102%	-182,3 k €	+45.1%	-332,2 k €	-89.0%	-175,8 k €	-908%	21,8 k €	+37.5%	15,8 k €	-88.9%	142,9 k €	+26.3%	113,1 k €	+14.4%	98,9 k €	+37.5%	72 k €	+123%	32,2 k €	+36.0%	23,7 k €	+159%	9,1 k €	-37.6%	14,7 k €	-41.5%	25 k €	+535%	3,9 k €
Total assets	64,2 k €	-40.1%	107,1 k €	-57.7%	253,3 k €	-42.2%	438,2 k €	+36.0%	322,2 k €	+85.4%	173,8 k €	-68.4%	550,8 k €	-67.1%	1,7 M €	+80.3%	928,3 k €	-27.0%	1,3 M €	-3.1%	1,3 M €	+184%	462,3 k €	-31.4%	673,6 k €	+73.4%	388,6 k €	+20.3%	323 k €	+116%	149,5 k €	-52.3%	313 k €	-12.2%	356,5 k €	+52.7%	233,5 k €
Cash	5,5 k €	-72.8%	20,1 k €	-69.7%	66,6 k €	-3.3%	68,9 k €	-55.6%	155,2 k €	+1208%	11,9 k €	-69.7%	39,1 k €	-67.7%	121,2 k €	-40.0%	202 k €	-58.2%	483,1 k €	-12.6%	552,9 k €	+397%	111,3 k €	-64.2%	311,2 k €	+519%	50,3 k €	+13.0%	44,5 k €	+36.2%	32,7 k €	-73.3%	122,3 k €	+53.2%	79,8 k €	+306%	19,7 k €
Debts	92,8 k €	-48.0%	178,4 k €	-8.8%	195,6 k €	-55.0%	434,4 k €	-13.9%	504,5 k €	-0.3%	506,1 k €	-30.3%	726,5 k €	-56.0%	1,7 M €	+158%	640,1 k €	+30.3%	491,3 k €	-4.6%	515,1 k €	+41.8%	363,3 k €	-10.5%	405,8 k €	+15.3%	352 k €	+17.6%	299,3 k €	+113%	140,3 k €	-53.0%	298,4 k €	-10.0%	331,5 k €	+44.4%	229,6 k €
Other
Workforce	–		–		–		1,4 ETP	-61.1%	3,6 ETP	-32.1%	5,3 ETP	-17.2%	6,4 ETP	-8.6%	7,0 ETP	-50.0%	14,0 ETP	+30.8%	10,7 ETP	+24.4%	8,6 ETP	+41.0%	6,1 ETP	+126%	2,7 ETP	+58.8%	1,7 ETP	+70.0%	1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

TM VENTURES

Administrator - manager · since 12 février 2019 · 0718.949.746

Represented by Thomas Blake

Active

Ended mandates

ALBERT BAYOT

Manager

Ended

Pierre GILBERT

Manager

Ended

TM VENTURES

Director · 0718.949.746

Represented by Thomas Blake

Ended

TM VENTURES

Administrator - manager · 0718.949.746

Represented by Thomas Blake

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	20/06/2025	28/08/2024	29/09/2023	12/12/2022	30/09/2021
General meeting	20/03/2026	19/06/2025	20/06/2024	16/06/2023	16/06/2022	30/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/03/2026	30/04/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	16/06/2022	12/12/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	24/08/2020	16/11/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	31/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	05/09/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	21/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	08/10/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	18/07/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 5 ended

Active mandates

TM VENTURES

Administrator - manager · since 12 février 2019 · 0718.949.746

Represented by Thomas Blake

Active

Ended mandates

ALBERT BAYOT

Manager

Ended

Pierre GILBERT

Manager

Ended

TM VENTURES

Director · 0718.949.746

Represented by Thomas Blake

Ended

TM VENTURES

Administrator - manager · 0718.949.746

Represented by Thomas Blake

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Court decision11/05/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Registered office26/07/2024
SIEGE SOCIAL
PDF
Registered office17/01/2024
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/05/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other29/07/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/07/2008
SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other09/02/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202538,6 k €↑
2024
Annual accounts 2024-125,3 k €↓
2023
Annual accounts 202350,7 k €↓
2022
Annual accounts 2022185,6 k €↑
2021
Annual accounts 2021150 k €↑
2020
Annual accounts 2020-156,5 k €↑
2019
Annual accounts 2019-197,5 k €↓
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 2017-127,1 k €↓
2016
Annual accounts 201679,8 k €↑
2015
Annual accounts 201564,2 k €↓
2014
Annual accounts 2014102 k €↑
2013
Annual accounts 201371,8 k €↓
2012
Annual accounts 201275,2 k €↑
2011
Annual accounts 201154,5 k €↑
2010
Annual accounts 201012,1 k €↑
2009
Annual accounts 20097,3 k €↓
2008
Annual accounts 200836,1 k €↑
2007
Annual accounts 2007-2,3 k €
01/02/2007
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AP PARTNERS

Overview

What does AP PARTNERS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline