Losses
-€423,984 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
APPART
Lifetime
11 annual accounts with figures on one time axispeak €597,902 (2021)
€31,910▲ €41,751
lowest -€181,682 (2018)
-€123,044▲ €50,871
peak €1.3m (2022)
€830,519▼ 12.9%
€2.9m▲ 4.1%
Board5 names since 2021
2 directorsSTERCKX Stefaan and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
22-09-202653 days late
2025micro format
Gross margin from -€9,841 to €31,910Loss of €123,044Equity from €953,562 to €830,519Cash from €5,255 to €17,573
Key points
from the 2025 annual accountsChecked score
66
Healthy
Financially stronger than 16% of small companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.6%▼ -0.2 percentage points vs 03-2025lowest value
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.3%▲ +0.3 percentage points vs 08-2025
10-2025: 2.0%▲ +0.7 percentage points vs 09-2025
11-2025: 2.1%▲ +0.1 percentage points vs 10-2025
12-2025: 2.7%▲ +0.6 percentage points vs 11-2025
01-2026: 3.6%▲ +0.9 percentage points vs 12-2025
02-2026: 3.6%● unchanged vs 01-2026
03-2026: 3.5%▼ -0.1 percentage points vs 02-2026
04-2026: 3.4%▼ -0.1 percentage points vs 03-2026
05-2026: 3.3%▼ -0.1 percentage points vs 04-2026
06-2026: 3.9%▲ +0.6 percentage points vs 05-2026
07-2026: 3.9%● unchanged vs 06-2026
08-2026: 4.5%▲ +0.6 percentage points vs 07-2026
09-2026: 5.3%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 0.8%▼ -4.5 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 53 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Liquidity: current ratio 1.27, cash €17,573
lowers risk
Size: total assets €4.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 27% of them on solvency, 13% on liquidity, 8% on profitability and 15% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as APPART has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APPART itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for APPART. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (1.29 in 2024), below the usual 1.5. Short-term debt is 60.8% and cash 0.4% of total assets. 80.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€123,044
raises risk · 2025 accounts filed 53 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
53 days late
2024
256 days late
2023
70 days late
2022
31 days late
2021
31 days late
2020
61 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 85 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
SS
STERCKX Stefaan
Director, since 27-03-2026
- VOLDERS Christl Helene Guy 1,090 sharesdeed of 14-04-2026
- STERCK Stefaan Johan Eugene 1,090 sharesdeed of 14-04-2026
Recent changes
Registered office moved within Antwerp
Issue of 2,180 shares · New registered office: Amerikalei 44 bus 7, 2000 Antwerpen · Previous registered office: Entrepotkaai 12 bus 51, 2000 Antwerpen · General meeting of 27-03-2026 · Gazette deed
2 directors reappointed
Changes of role: STERCK Stefaan Johan Eugene (managing director) and VOLDERS Christl Helene Guy (managing director) · Reappointments: STERCK Stefaan Johan Eugene and VOLDERS Christl Helene Guy · General meeting of 19-12-2023 · Gazette deed
Environmental permit refused
Bouwen of herbouwen · Provincie Antwerpen
2 directors appointed, 2 reappointments
Reappointments: Christi Volders and Stefaan Sterck · Appointments: Christi Volders (managing director) and Stefaan Sterck (managing director) · General meeting of 18-06-2021 · Gazette deed
Official details
Source: KBO- Status
- Active since 21-10-2014Normal situation
- Activity
- “Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.236.498.8112000 Antwerp, since 21-10-2014
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on APPART
APPART files the micro format. That format states no turnover. The gross margin fell from €68,328 in 2015 to €31,910 in 2025.
In March 2024, the Official Gazette published the appointment of VOLDERS Christl Helene Guy as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about APPART
- What is the company number of APPART?
- The company number of APPART is 0564.997.680. The VAT number is the same number with BE in front: BE 0564.997.680.
- Where is APPART based?
- The registered office is at Amerikalei 44, 2000 Antwerp.Company details
- What is the legal form of APPART?
- APPART is a private limited company (BV).
- When was APPART founded?
- APPART was founded on 21-10-2014.
- Is APPART still active?
- Yes, APPART is an active enterprise in the KBO register.
- What is the turnover of APPART?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €31,910 and 2,935 comparable companies of the same size. It probably lies between €77,000 and €230,000. It is a rough estimate.Financials
- Is APPART profitable?
- In financial year 2025, APPART made a loss of €123,044.
- Where can I find the annual accounts of APPART?
- APPART filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APPART due?
- APPART must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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