APACH MANAGEMENT
ActiveSummary
APACH MANAGEMENT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,348 and a net result of €3,060. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 79% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+7
Solvency100▲+47
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 4.4 against 1.15 in 2024; short-term debt: 18.3% and cash: 15.6% of total assets), and 18.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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
81.7%
Return on assets
12.9%
Age of the figures
9 mo
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 16-04-2026, 106 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
106 d early
2024
24 d early
2023
22 d early
2022
41 d early
2021
8 d late
2020
143 d early
2019
46 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 53 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 7 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,348▲ 18.8%
2024 · €16,288
Total assets
€23,689▼ 59.1%
2024 · €57,859
Net result
€3,060▼ 29.4%
2024 · €4,336
Working capital
€14,746▲ 131%
2024 · €6,383
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 73, Advertising, market research and public relations activities, 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
Line20212022202320242025
Operating result-€31,466▼ 7,138%€1,495€34,197▲ 2,187%€9,342▼ 72.7%€3,760▼ 59.8%
Net result-€32,477below the sector's middle half▼ 1,435%€1,076within the sector's middle half€25,696within the sector's middle half▲ 2,289%€4,336within the sector's middle half▼ 83.1%€3,060within the sector's middle half▼ 29.4%
Equity-€14,820below the sector's middle half-€13,744below the sector's middle half▲ 7.3%€11,952below the sector's middle half€16,288below the sector's middle half▲ 36.3%€19,348within the sector's middle half▲ 18.8%
Total assets€48,114below the sector's middle half▲ 174%€47,366below the sector's middle half▼ 1.6%€71,075within the sector's middle half▲ 50.1%€57,859within the sector's middle half▼ 18.6%€23,689below the sector's middle half▼ 59.1%
Debt€62,933▲ 410%€61,110▼ 2.9%€59,123▼ 3.3%€41,571▼ 29.7%€4,340▼ 89.6%
Working capital-€35,962below the sector's middle half-€33,228below the sector's middle half▲ 7.6%-€2,458below the sector's middle half▲ 92.6%€6,383within the sector's middle half€14,746within the sector's middle half▲ 131%
Solvency-30.8%below the sector's middle half▼ 60.7pp-29.0%below the sector's middle half▲ 1.8pp16.8%below the sector's middle half▲ 45.8pp28.2%within the sector's middle half▲ 11.3pp81.7%above the sector's middle half▲ 53.5pp
Current ratio0.43below the sector's middle half▼ 0.940.46below the sector's middle half▲ 0.030.96below the sector's middle half▲ 0.501.15within the sector's middle half▲ 0.204.40within the sector's middle half▲ 3.24
Return on assets (ROA)-67.5%below the sector's middle half▼ 55.5pp2.3%within the sector's middle half▲ 69.8pp36.2%above the sector's middle half▲ 33.9pp7.5%within the sector's middle half▼ 28.7pp12.9%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
The operating result has fallen two years in a row; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,689
Fixed assets
€4,602 ▼ 53.5%
Current assets
€19,087 ▼ 60.2%
Equity and liabilities €23,689
Equity
€19,348 ▲ 18.8%
Debt
€4,340 ▼ 89.6%
Debt's share of the balance-sheet total falls from 71.8% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,712▼
2024 · €16,410
Cash flow
€7,013▼
2024 · €11,404
Debt to equity
0.22▼
2024 · 2.55
ROE
15.8%▼
2024 · 26.6%
Interest coverage
30.83▲
2024 · 15.11
Debt ≤ 1 year
€4,340▼
2024 · €41,571
Income taxes
€3,638▼
2024 · €3,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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%.
| 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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,989 | €8,140 | €6,750 | €7,068 | €3,953 | ▼ 44.1% |
| Other operating charges640/8 | €767 | €1,269 | €829 | €865 | €1,111 | ▲ 28.4% |
| Non-recurring operating charges66A | - | - | - | €26 | €2,999 | ▲ 11,357% |
| Gross operating margin9900 | -€26,710 | €10,904 | €41,776 | €17,301 | €11,822 | ▼ 31.7% |
| Operating profit (loss)9901 | -€31,466 | €1,495 | €34,197 | €9,342 | €3,760 | ▼ 59.8% |
| Financial income75/76B | - | - | €4 | €10 | €3,189 | ▲ 31,290% |
| Recurring financial income75 | - | - | €4 | €10 | €1 | ▼ 90.1% |
| Non-recurring financial income76B | - | - | - | - | €3,188 | - |
| Financial charges65/66B | €863 | €158 | €131 | €1,086 | €250 | ▼ 77.0% |
| Recurring financial charges65 | €863 | €158 | €131 | €1,086 | €250 | ▼ 77.0% |
| Profit (loss) for the period before taxes9903 | -€32,329 | €1,337 | €34,069 | €8,266 | €6,699 | ▼ 19.0% |
| Income taxes67/77 | €147 | €262 | €8,373 | €3,930 | €3,638 | ▼ 7.4% |
| Profit (loss) for the period9904 | -€32,477 | €1,076 | €25,696 | €4,336 | €3,060 | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | -€32,477 | €1,076 | €25,696 | €4,336 | €3,060 | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,114 | €47,366 | €71,075 | €57,859 | €23,689 | ▼ 59.1% |
| Fixed assets21/28 | €21,143 | €19,484 | €14,410 | €9,905 | €4,602 | ▼ 53.5% |
| Tangible fixed assets22/27 | €21,143 | €19,484 | €14,410 | €9,905 | €4,602 | ▼ 53.5% |
| Furniture and vehicles24 | €21,143 | €19,484 | €14,410 | €9,905 | €4,602 | ▼ 53.5% |
| Current assets29/58 | €26,971 | €27,882 | €56,665 | €47,954 | €19,087 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €11,824 | €14,974 | €28,263 | €22,468 | €14,193 | ▼ 36.8% |
| Trade receivables40 | €9,125 | €14,974 | €28,263 | €12,350 | €11,117 | ▼ 10.0% |
| Other amounts receivable41 | €2,699 | - | - | €10,118 | €3,075 | ▼ 69.6% |
| Cash at bank and in hand54/58 | €13,317 | €11,064 | €26,046 | €22,453 | €3,699 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | €1,831 | €1,845 | €2,357 | €3,032 | €1,195 | ▼ 60.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,114 | €47,366 | €71,075 | €57,859 | €23,689 | ▼ 59.1% |
| Equity10/15 | -€14,820 | -€13,744 | €11,952 | €16,288 | €19,348 | ▲ 18.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€33,420 | -€32,344 | -€6,648 | -€2,312 | €748 | ▲ 132% |
| Amounts payable17/49 | €62,933 | €61,110 | €59,123 | €41,571 | €4,340 | ▼ 89.6% |
| Amounts payable within one year42/48 | €62,933 | €61,110 | €59,123 | €41,571 | €4,340 | ▼ 89.6% |
| Financial debts43 | - | - | - | €322 | - | - |
| Credit institutions430/8 | - | - | - | €322 | - | - |
| Trade debts44 | €5,877 | €1,047 | €1,483 | €1,913 | €1,491 | ▼ 22.1% |
| Suppliers440/4 | €5,877 | €1,047 | €1,483 | €1,913 | €1,491 | ▼ 22.1% |
| Taxes, remuneration and social security45 | €790 | €6,946 | €15,919 | €14,099 | €725 | ▼ 94.9% |
| Taxes450/3 | €790 | €6,946 | €15,919 | €14,099 | €725 | ▼ 94.9% |
| Other amounts payable47/48 | €56,267 | €53,117 | €41,721 | €25,236 | €2,124 | ▼ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,477 | €1,076 | €25,696 | €4,336 | €3,060 | ▼ 29.4% |
| + Depreciation and write-downs630 | €3,989 | €8,140 | €6,750 | €7,068 | €3,953 | ▼ 44.1% |
| Operating cash flow (approximation) | -€28,487 | €9,216 | €32,446 | €11,404 | €7,013 | ▼ 38.5% |
| Investment in fixed assets (approximation) | - | -€6,482 | -€1,676 | -€2,563 | €1,350 | ▲ 153% |
| Change in cash | - | -€2,253 | €14,982 | -€3,592 | -€18,754 | ▼ 422% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 4.40
Current ratio from 1.15 to 4.40; short-term debt falls from €41,571 to €4,340.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €25,696 ▲2,289%
Operating result €34,197, net result €25,696, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,076
Net result €1,076 after 2 loss-making years.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet -€32,477
Net result drops to -€32,477, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 2018
Ground area
994 m²
Building footprint
144 m²
Volume, LiDAR
1,392 m³
Parcel 25008A0212/00P003, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue des Sapins 45, 1390 Grez-Doiceau
since 20182.285.070.966
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25008A0212/00P003 | Wallonia | 994 m² | 1 · 144 m² | 11.4 m · 3 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.
Subsidies and aid
Wallonia-Brussels Federation
2023 · 1 entry · 1,250 EUR in total| Year | Entries | paid |
|---|---|---|
| 2023 | 1 | 1,250 EUR |
Budget allocations
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Company details
Identification
Legal formPrivate limited company
Founded27-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716887705
Also
9925:BE0716887705
Registered
24-11-2023
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.