APACH
ActiveSummary
APACH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,724 and a net result of €95,143. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.08 in 2024; short-term debt: 84.6% and cash: 52.1% of total assets), and 84.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.4%
Return on assets
78.3%
Age of the figures
9 mo
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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 17123 sector peers (2025).
NBB · sector comparisonPosition among 17123 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-02-2026, 165 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
165 d early
2024
3 d early
2023
5 d early
2022
23 d late
2021
124 d early
2020
27 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€95,143▲ 4.6%
2024 · €90,982
Working capital
€10,629▲ 41.2%
2024 · €7,526
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€68,792▼ 53.1%€84,133▲ 22.3%€98,140▲ 16.6%€118,057▲ 20.3%€123,361▲ 4.5%
Net result€59,150▼ 47.9%€66,591▲ 12.6%€77,166▲ 15.9%€90,982▲ 17.9%€95,143▲ 4.6%
Equity€219,659▼ 11.5%€21,251▼ 90.3%€18,600▼ 12.5%€19,582▲ 5.3%€18,724▼ 4.4%
Total assets€391,437▲ 20.7%€360,733▼ 7.8%€129,096▼ 64.2%€118,806▼ 8.0%€121,556▲ 2.3%
Debt€171,778▲ 126%€339,482▲ 97.6%€110,496▼ 67.5%€99,224▼ 10.2%€102,832▲ 3.6%
Working capital€215,358▼ 5.2%€12,427▼ 94.2%€6,615▼ 46.8%€7,526▲ 13.8%€10,629▲ 41.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,556
Fixed assets
€8,095 ▼ 32.8%
Current assets
€113,461 ▲ 6.3%
Equity and liabilities €121,556
Equity
€18,724 ▼ 4.4%
Debt
€102,832 ▲ 3.6%
Debt's share of the balance-sheet total rises from 83.5% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€127,321▲
2024 · €123,235
Cash flow
€99,102▲
2024 · €96,159
Current ratio
1.10▲
2024 · 1.08
Debt to equity
5.49▲
2024 · 5.07
ROE
508.1%▲
2024 · 464.6%
ROA
78.3%▲
2024 · 76.6%
Interest coverage
857.79▲
2024 · 453.25
Debt ≤ 1 year
€102,832▲
2024 · €99,224
Income taxes
€28,078▲
2024 · €25,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,511 | €2,019 | €3,102 | €5,178 | €3,960 | ▼ 23.5% |
| Other operating charges640/8 | - | €1,080 | €1,064 | €804 | €1,064 | ▲ 32.4% |
| Non-recurring operating charges66A | - | - | - | €10,000 | - | - |
| Gross operating margin9900 | €71,226 | €87,231 | €102,306 | €134,039 | €128,386 | ▼ 4.2% |
| Operating profit (loss)9901 | €68,792 | €84,133 | €98,140 | €118,057 | €123,361 | ▲ 4.5% |
| Financial income75/76B | - | €0 | €1 | €1 | €8 | ▲ 591% |
| Recurring financial income75 | €4,973 | €0 | €1 | €1 | €8 | ▲ 591% |
| Financial charges65/66B | - | €260 | €176 | €1,156 | €148 | ▼ 87.2% |
| Recurring financial charges65 | €326 | €260 | €176 | €272 | €148 | ▼ 45.4% |
| Non-recurring financial charges66B | - | - | - | €884 | - | - |
| Profit (loss) for the period before taxes9903 | €73,439 | €83,873 | €97,965 | €116,903 | €123,221 | ▲ 5.4% |
| Income taxes67/77 | €14,289 | €17,281 | €20,799 | €25,921 | €28,078 | ▲ 8.3% |
| Profit (loss) for the period9904 | €59,150 | €66,591 | €77,166 | €90,982 | €95,143 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €59,150 | €66,591 | €77,166 | €90,982 | €95,143 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391,437 | €360,733 | €129,096 | €118,806 | €121,556 | ▲ 2.3% |
| Fixed assets21/28 | €4,301 | €8,824 | €11,985 | €12,055 | €8,095 | ▼ 32.8% |
| Tangible fixed assets22/27 | €3,301 | €7,824 | €10,985 | €12,055 | €8,095 | ▼ 32.8% |
| Furniture and vehicles24 | - | €5,266 | €6,684 | €5,799 | €3,783 | ▼ 34.8% |
| Leasing and similar rights25 | - | €2,558 | €4,301 | €6,256 | €4,312 | ▼ 31.1% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | - | - | - |
| Current assets29/58 | €387,136 | €351,909 | €117,111 | €106,751 | €113,461 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €17,259 | €23,693 | €62,477 | €56,618 | €48,704 | ▼ 14.0% |
| Trade receivables40 | - | €17,441 | €52,477 | €49,945 | €44,854 | ▼ 10.2% |
| Other amounts receivable41 | - | €6,252 | €10,000 | €6,672 | €3,850 | ▼ 42.3% |
| Cash at bank and in hand54/58 | €369,732 | €328,058 | €52,838 | €49,811 | €63,359 | ▲ 27.2% |
| Deferred charges and accrued income490/1 | - | €158 | €1,796 | €322 | €1,398 | ▲ 334% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391,437 | €360,733 | €129,096 | €118,806 | €121,556 | ▲ 2.3% |
| Equity10/15 | €219,659 | €21,251 | €18,600 | €19,582 | €18,724 | ▼ 4.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €199,199 | €791 | - | €982 | €124 | ▼ 87.4% |
| Amounts payable17/49 | €171,778 | €339,482 | €110,496 | €99,224 | €102,832 | ▲ 3.6% |
| Amounts payable within one year42/48 | €171,778 | €339,482 | €110,496 | €99,224 | €102,832 | ▲ 3.6% |
| Trade debts44 | €1,923 | €8,282 | €3,913 | €2,872 | €3,957 | ▲ 37.8% |
| Suppliers440/4 | - | €8,282 | €3,913 | €2,872 | €3,957 | ▲ 37.8% |
| Taxes, remuneration and social security45 | - | €17,164 | €8,057 | €6,353 | €2,875 | ▼ 54.7% |
| Taxes450/3 | - | €17,164 | €8,057 | €6,353 | €2,875 | ▼ 54.7% |
| Other amounts payable47/48 | - | €314,037 | €98,526 | €90,000 | €96,000 | ▲ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,150 | €66,591 | €77,166 | €90,982 | €95,143 | ▲ 4.6% |
| + Depreciation and write-downs630 | €1,511 | €2,019 | €3,102 | €5,178 | €3,960 | ▼ 23.5% |
| Operating cash flow (approximation) | €60,661 | €68,610 | €80,268 | €96,159 | €99,102 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | -€6,541 | -€6,264 | -€5,248 | €0 | ▲ 100% |
| Change in cash | - | -€41,674 | -€275,220 | -€3,027 | €13,548 | ▲ 548% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €59,150 ▼47.9%
Net result drops to €59,150, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Equity above €200,000Eq €248,109 ▲84.4%
2 profitable years in a row build equity to €248,109.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Pieters-Woluwe · 1 establishment unit since 2018
Ground area
847 m²
Building footprint
182 m²
Volume, LiDAR
1,446 m³
2 parcels, Brussels · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
APACH
since 20182.281.222.838
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0050/00C007 | Brussels | 714 m² | 1 · 129 m² | 9.4 m · 2 fl. |
| 21332D0029/00S003 | Brussels | 132 m² | 1 · 53 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,394. 12,727 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
Founded13-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
85599Other education
Contact
E-mail
antoine.pairet@pm.meSint-Pieters-Woluwe
Phone
+32484082978Sint-Pieters-Woluwe
Scores and ratios are computed by Checked and are not a credit decision.