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All Project Solution

Active
Private limited companyfounded 20223 yrs activeRue de la Commune 15, 4020 Liège, BelgiumKBO/BCE: BE 0792.563.343

The file of All Project Solution contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 2.9% (moderate). The 2025 annual accounts show equity of €5,096 and a net result of -€1,960. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 7625 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability56▲+11
Solvency28▼-1
Growth32▼-46
Track record79
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.99 against 0.98 in 2024; short-term debt: 97.2% and cash: 3.3% of total assets), and 97.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
2.8%
Return on assets
-1.1%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7625 sector peers (2025).
NBB · sector comparison
Position among 7625 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
40 d late
2024
33 d late
2023
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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 17 October 2022, All Project Solution was incorporated as a Private limited company.1 Total assets went from EUR 47,922 in 2023 to EUR 182,329 in 2025.2 The company was declared bankrupt on 29 September 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025
  3. 3Belgian State Gazette, 08-10-2025

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Financials · fiscal year 2025, micro schema

Equity
€5,096▼ 27.8%
2024 · €7,056
Total assets
€182,329▲ 13.2%
2024 · €161,037
Net result
-€1,960
2024 · €775
Working capital
-€2,612▼ 3.4%
2024 · -€2,527
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€1,482-€2,556-€1,234
Net result-€1,919below the sector's middle half-€775within the sector's middle half-€1,960below the sector's middle half
Equity€6,281below the sector's middle half-€7,056below the sector's middle half▲ 12.3%€5,096below the sector's middle half▼ 27.8%
Total assets€47,922below the sector's middle half-€161,037within the sector's middle half▲ 236%€182,329within the sector's middle half▲ 13.2%
Debt€41,640-€153,981▲ 270%€177,232▲ 15.1%
Working capital€6,281within the sector's middle half--€2,527below the sector's middle half-€2,612below the sector's middle half▼ 3.4%
Solvency13.1%below the sector's middle half-4.4%below the sector's middle half▼ 8.7pp2.8%below the sector's middle half▼ 1.6pp
Current ratio1.15within the sector's middle half-0.98below the sector's middle half▼ 0.170.99below the sector's middle half=
Return on assets (ROA)-4.0%below the sector's middle half-0.5%within the sector's middle half▲ 4.5pp-1.1%below the sector's middle half▼ 1.6pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
-€2,000€0€2,000Operating result 2023: -€1,482-€1,482Net result 2023: -€1,919-€1,919Operating result 2024: €2,556€2,556Net result 2024: €775€775Operating result 2025: -€1,234-€1,234Net result 2025: -€1,960-€1,960202320242025-€2,000€0€2,000Operating result 2023: -€1,482-€1,480Net result 2023: -€1,919-€1,920Operating result 2024: €2,556€2,560Net result 2024: €775€775Operating result 2025: -€1,234-€1,230Net result 2025: -€1,960-€1,960202320242025
The operating result turns negative in 2025: a loss of €1,234 after €2,556 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182,329
Fixed assets €7,708 ▼ 19.6%
Current assets €174,620 ▲ 15.3%
Equity and liabilities €182,329
Equity €5,096 ▼ 27.8%
Debt €177,232 ▲ 15.1%
Debt's share of the balance-sheet total rises from 95.6% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,641▼
2024 · €4,472
Cash flow
€915▼
2024 · €2,692
Quick ratio
0.34▼
2024 · 0.69
Debt to equity
34.78▲
2024 · 21.82
ROE
-38.5%▼
2024 · 11.0%
Interest coverage
4.65▲
2024 · 3.09
Debt ≤ 1 year
€177,232▲
2024 · €153,981
Income taxes
€421▲
2024 · €332
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
93% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,301 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 · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€161,037€182,329▲
Fixed assets21/28€9,583€7,708▼
Tangible fixed assets22/27€9,583€6,708▼
Furniture and vehicles24€9,583€6,708▼
Financial fixed assets28-€1,000
Current assets29/58€151,454€174,620▲
Stocks and contracts in progress3€44,759€113,888▲
Stocks30/36€44,759€113,888▲
Amounts receivable within one year40/41€51,531€54,683▲
Trade receivables40€23,031€21,677▼
Other amounts receivable41€28,500€33,005▲
Cash at bank and in hand54/58€55,164€6,049▼
Equity and liabilities
Total equity and liabilities10/49€161,037€182,329▲
Equity10/15€7,056€5,096▼
Contributions10/11€8,200€8,200=
Profit (loss) carried forward14-€1,144-€3,104▼
Amounts payable17/49€153,981€177,232▲
Amounts payable within one year42/48€153,981€177,232▲
Trade debts44€152,267€176,232▲
Suppliers440/4€152,267€176,232▲
Taxes, remuneration and social security45€1,714€1,001▼
Taxes450/3€1,714€1,001▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€0€0=
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,917€2,875▲
Other operating charges640/8-€646
Gross operating margin9900€4,472€2,287▼
Operating profit (loss)9901€2,556-€1,234▼
Financial income75/76B€0€48▲
Recurring financial income75€0€48▲
Non-recurring financial income76B€0-
Financial charges65/66B€1,449€353▼
Recurring financial charges65€1,449€353▼
Profit (loss) for the period before taxes9903€1,107-€1,539▼
Income taxes67/77€332€421▲
Profit (loss) for the period9904€775-€1,960▼
Profit (loss) for the period to be appropriated9905€775-€1,960▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1,144-€3,104▼
Profit (loss) brought forward from the previous period14P-€1,919-€1,144▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,917€2,875▲ 50.0%
Other operating charges640/8€1,384-€646-
Gross operating margin9900-€97€4,472€2,287▼ 48.9%
Operating profit (loss)9901-€1,482€2,556-€1,234▼ 148%
Financial income75/76B€0€0€48-
Recurring financial income75€0€0€48-
Non-recurring financial income76B-€0--
Financial charges65/66B€437€1,449€353▼ 75.7%
Recurring financial charges65€437€1,449€353▼ 75.7%
Profit (loss) for the period before taxes9903-€1,919€1,107-€1,539▼ 239%
Income taxes67/77-€332€421▲ 26.8%
Profit (loss) for the period9904-€1,919€775-€1,960▼ 353%
Profit (loss) for the period to be appropriated9905-€1,919€775-€1,960▼ 353%
Line202320242025Change
Assets
Total assets20/58€47,922€161,037€182,329▲ 13.2%
Fixed assets21/28-€9,583€7,708▼ 19.6%
Tangible fixed assets22/27-€9,583€6,708▼ 30.0%
Furniture and vehicles24-€9,583€6,708▼ 30.0%
Financial fixed assets28--€1,000-
Current assets29/58€47,922€151,454€174,620▲ 15.3%
Stocks and contracts in progress3€9,820€44,759€113,888▲ 154%
Stocks30/36€9,820€44,759€113,888▲ 154%
Amounts receivable within one year40/41€25,286€51,531€54,683▲ 6.1%
Trade receivables40€25,162€23,031€21,677▼ 5.9%
Other amounts receivable41€124€28,500€33,005▲ 15.8%
Cash at bank and in hand54/58€12,815€55,164€6,049▼ 89.0%
Deferred charges and accrued income490/1€0---
Equity and liabilities
Total equity and liabilities10/49€47,922€161,037€182,329▲ 13.2%
Equity10/15€6,281€7,056€5,096▼ 27.8%
Contributions10/11€8,200€8,200€8,200=
Profit (loss) carried forward14-€1,919-€1,144-€3,104▼ 171%
Amounts payable17/49€41,640€153,981€177,232▲ 15.1%
Amounts payable within one year42/48€41,640€153,981€177,232▲ 15.1%
Trade debts44€40,682€152,267€176,232▲ 15.7%
Suppliers440/4€40,682€152,267€176,232▲ 15.7%
Taxes, remuneration and social security45€958€1,714€1,001▼ 41.6%
Taxes450/3€958€1,714€1,001▼ 41.6%
Remuneration and social security454/9-€0€0-
Other amounts payable47/48€0€0€0-
Accrued charges and deferred income492/3-€0--
Line202320242025Change
Profit (loss) for the period9904-€1,919€775-€1,960▼ 353%
+ Depreciation and write-downs630-€1,917€2,875▲ 50.0%
Operating cash flow (approximation)-€1,919€2,692€915▼ 66.0%
Investment in fixed assets (approximation)---€1,000-
Change in cash-€42,348-€49,114▼ 216%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial Weakest financial yearnet -€1,960
Net result drops to -€1,960, the lowest in the series.
24-10
Bankruptcy Bankruptcy reversal
Tribunal de l’entreprise de Liège, division Liège · event 20-10-2025
08-10
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-09-2025
02-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial Back to profitnet €775
Net result €775 after one loss-making year.
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Liège · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
111 m²
Building footprint
82 m²
Volume, LiDAR
991 m³
Parcel 62808A0616/00M004, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
All Project Solution
Rue de la Commune 15, 4020 LiègeRepair, maintenance and installation of machinery and equipment
since 20222.347.814.031
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62808A0616/00M004 Wallonia 111 m² 1 · 82 m² 13.1 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates
Role Name Tenure
Curator FRANCOIS FREDERICK
BOULEVARD DE LA SAUVE- NIERE 117, 4000 LIEGE 1
29-09-2025 → 20-10-2025
Curator NICOLAS BIESSAUX
RUE LOUVREX 55, 4000 LIEGE 1-
29-09-2025 → 20-10-2025

Similar companies · same sector, comparable size

Of 2,453 companies in sector 41003 we hold annual accounts for 1,058. 348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0792563343
Also 9925:BE0792563343
Registered 01-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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