Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AP HOLDING from Tournai, company number BE0567996069, closed financial year 2025 with a result of € 762,917 after tax. For that financial year AP HOLDING recorded a gross margin of € -12,122 and equity of € 7.2 million. Compared with financial year 2024, the result moved from € 190,664 to € 762,917. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 8, 2026.
€ 7.2 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 762,917
▲ 300% vs 2024
Profit after tax over the fiscal year.
€ 21,198
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 445,970
▼ 14% vs 2024
€ 83,632 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 12,617
▲ € 11,272 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,591
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -19,183 | € 152,779 | € -2,450 | € -12,122 | ▼ € 9,673 |
| Profit after taxes | € 386,060 | € 345,765 | € 190,664 | € 762,917 | ▲ 300% |
| Equity | € 8,306,554 | € 8,652,319 | € 7,592,983 | € 7,161,100 | ▼ 6% |
| Total debts | € 679,876 | € 604,345 | € 1,779,755 | € 1,715,459 | ▼ 4% |
| Cash | € 18,444 | € 22,529 | € 25,232 | € 21,198 | ▼ 16% |
| Land & buildings | € 1,150,395 | € 1,107,155 | € 1,107,155 | € 1,107,155 | |
| Retained profit | € 1,145,454 | € 1,491,219 | € 431,883 | € 0 | ▼ 100% |
| Dividend | € 0 | € 0 | € 1,250,000 | € 1,194,801 | ▼ 4% |
| Bank debt | € 667,437 | € 595,231 | € 521,421 | € 445,970 | ▼ 14% |
| Balance sheet total | € 8,986,430 | € 9,256,664 | € 9,372,738 | € 8,876,559 | ▼ 5% |
Key figures of AP HOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to AP HOLDING?
What happened at AP HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 762,917 (▲ 300% vs 2024). Source: NBB ↗
- Pascale PIRAINO became a director. NBB
- Alfonso PIRAINO became a director. NBB
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 386,060 profit in 2022 to € 762,917 profit in 2025.
Best year ever: 2025, with € 762,917 profit.
Paid out € 2.4 million in dividends to the owners in total.
Management
Behind AP HOLDING are Pascale PIRAINO and Alfonso PIRAINO. Pascale PIRAINO is also behind PP HOLDING. Alfonso PIRAINO is also behind BEL BAT.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Chaussée de Tournai(R-C) 52/1
7520 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →National Machines Outils
€ -7,549 gross margin · 2025
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€ 42,803 gross margin · 2025
GENICHEM
€ 1,630 gross margin · 2025
ADITUS
€ 32,391 gross margin · 2025
Alliance pour une Coordination Active de Distribution Internationale et Européenne
€ 34,944 revenue · 2025
+77 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0567.996.069
- VAT number
- BE 0567.996.069
- Registered office
- Chaussée de Tournai(R-C) 52/1, 7520 Tournai
- Names & denominations
- AP HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2014
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering