Apache Management
ActiveSummary
Apache Management has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.7m and a net result of €34,155. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-3
Solvency73▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.47 against 1.51 in 2023; short-term debt: 46.8% and cash: 0% of total assets), and 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
47.6%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-12-2025, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
145 d late
2023
89 d late
2022
92 d late
2021
184 d late
2020
61 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 111 days after 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€6.7m▲ 0.5%
2023 · €6.7m
Total assets
€14.1m▲ 2.7%
2023 · €13.7m
Net result
€34,155▼ 58.8%
2023 · €82,921
Working capital
€3.1m▼ 1.1%
2023 · €3.1m
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
Line20202021202220232024
Operating result€187,448€227,632▲ 21.4%€5,771▼ 97.5%-€36,363-€91,926▼ 153%
Net result-€212▲ 99.8%€3.0m€2.5m▼ 15.2%€82,921▼ 96.7%€34,155▼ 58.8%
Equity€1.1m=€4.1m▲ 280%€6.6m▲ 62.5%€6.7m▲ 1.3%€6.7m▲ 0.5%
Total assets€6.3m▲ 23.6%€13.0m▲ 105%€12.8m▼ 1.6%€13.7m▲ 7.4%€14.1m▲ 2.7%
Debt€5.3m▲ 29.8%€8.9m▲ 69.2%€6.2m▼ 30.8%€7.0m▲ 14.0%€7.4m▲ 4.8%
Working capital-€2.3m▼ 148%€615,449€3.1m▲ 399%€3.1m▲ 2.0%€3.1m▼ 1.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -97% on 2022. Cause not known from the registers.
- 2022 Equity +62% on 2021. Cause not known from the registers.
- 2021 Equity +280%, Total assets +105% on 2020. Cause not known from the registers.
- 2020 Net result +100% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €91,926 in 2024 against €36,363 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.1m
Fixed assets
€4.4m ▼ 0.9%
Current assets
€9.7m ▲ 4.4%
Equity and liabilities €14.1m
Equity
€6.7m ▲ 0.5%
Debt
€7.4m ▲ 4.8%
Debt's share of the balance-sheet total rises from 51.3% to 52.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€28,234▼
2023 · €40,117
Cash flow
€97,847▼
2023 · €159,400
Current ratio
1.47▼
2023 · 1.51
Debt to equity
1.10▲
2023 · 1.05
ROE
0.5%▼
2023 · 1.2%
ROA
0.2%▼
2023 · 0.6%
Interest coverage
-0.15▼
2023 · 0.25
Debt ≤ 1 year
€6.6m▲
2023 · €6.2m
Debt > 1 year
€676,448▼
2023 · €781,757
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,832 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €227,340 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,931 | €77,119 | €79,349 | €76,479 | €63,692 | ▼ 16.7% |
| Other operating charges640/8 | - | €2,262 | €990 | €4,442 | €3,592 | ▼ 19.1% |
| Gross operating margin9900 | €210,667 | €307,012 | €86,110 | €44,559 | -€24,642 | ▼ 155% |
| Operating profit (loss)9901 | €187,448 | €227,632 | €5,771 | -€36,363 | -€91,926 | ▼ 153% |
| Financial income75/76B | - | €3.0m | €2.7m | €280,901 | €309,217 | ▲ 10.1% |
| Recurring financial income75 | €7,238 | €2.6m | €2.7m | €280,901 | €309,217 | ▲ 10.1% |
| Non-recurring financial income76B | - | €454,849 | - | - | - | - |
| Financial charges65/66B | - | €254,449 | €177,668 | €161,617 | €183,136 | ▲ 13.3% |
| Recurring financial charges65 | €194,897 | €254,449 | €177,668 | €161,617 | €183,136 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | -€212 | €3.0m | €2.5m | €82,921 | €34,155 | ▼ 58.8% |
| Profit (loss) for the period9904 | -€212 | €3.0m | €2.5m | €82,921 | €34,155 | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | -€212 | €3.0m | €2.5m | €82,921 | €34,155 | ▼ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €13.0m | €12.8m | €13.7m | €14.1m | ▲ 2.7% |
| Fixed assets21/28 | €4.5m | €4.4m | €4.5m | €4.4m | €4.4m | ▼ 0.9% |
| Tangible fixed assets22/27 | €1.8m | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 2.4% |
| Land and buildings22 | - | €1.9m | €1.8m | €1.7m | €1.7m | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €1,275 | €1,020 | €765 | €510 | ▼ 33.3% |
| Furniture and vehicles24 | - | €1,211 | €5,908 | €5,605 | €23,494 | ▲ 319% |
| Financial fixed assets28 | €2.7m | €2.5m | €2.7m | €2.7m | €2.7m | ▲ 0.1% |
| Current assets29/58 | €1.8m | €8.6m | €8.2m | €9.3m | €9.7m | ▲ 4.4% |
| Amounts receivable within one year40/41 | €1.3m | €8.5m | €8.2m | €9.2m | €9.7m | ▲ 4.9% |
| Trade receivables40 | - | €213,743 | €99,596 | €82,057 | €66,329 | ▼ 19.2% |
| Other amounts receivable41 | - | €8.3m | €8.1m | €9.1m | €9.6m | ▲ 5.1% |
| Cash at bank and in hand54/58 | €459,368 | €10,043 | €47 | €43,484 | €9 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | €40,765 | €40,765 | €41,309 | €41,309 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €13.0m | €12.8m | €13.7m | €14.1m | ▲ 2.7% |
| Equity10/15 | €1.1m | €4.1m | €6.6m | €6.7m | €6.7m | ▲ 0.5% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €22,275 | €105,925 | €105,925 | €188,846 | €188,846 | = |
| Non-distributable reserves130/1 | - | €103,650 | €103,650 | €103,650 | €103,650 | = |
| Legal reserve130 | - | €103,650 | €103,650 | €103,650 | €103,650 | = |
| Distributable reserves133 | - | €2,275 | €2,275 | €85,196 | €85,196 | = |
| Profit (loss) carried forward14 | €10,537 | €2.9m | €5.5m | €5.5m | €5.5m | ▲ 0.6% |
| Amounts payable17/49 | €5.3m | €8.9m | €6.2m | €7.0m | €7.4m | ▲ 4.8% |
| Amounts payable after more than one year17 | €1.0m | €864,794 | €896,536 | €781,757 | €676,448 | ▼ 13.5% |
| Financial debts170/4 | - | €864,794 | €896,536 | €781,757 | €676,448 | ▼ 13.5% |
| Amounts payable within one year42/48 | €4.1m | €8.0m | €5.2m | €6.2m | €6.6m | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €102,094 | - | €91,000 | €99,523 | ▲ 9.4% |
| Financial debts43 | - | - | €1,621 | - | €11,514 | - |
| Credit institutions430/8 | - | - | €1,621 | - | €11,514 | - |
| Trade debts44 | €165,165 | €157,622 | €130,437 | €136,824 | €152,842 | ▲ 11.7% |
| Suppliers440/4 | - | €157,622 | €130,437 | €136,824 | €152,842 | ▲ 11.7% |
| Taxes, remuneration and social security45 | - | €429 | €11,878 | €10,595 | - | - |
| Taxes450/3 | - | €429 | €11,878 | €10,595 | - | - |
| Other amounts payable47/48 | - | €7.7m | €5.0m | €5.9m | €6.3m | ▲ 7.1% |
| Accrued charges and deferred income492/3 | - | €112,503 | €112,503 | €112,503 | €112,503 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€212 | €3.0m | €2.5m | €82,921 | €34,155 | ▼ 58.8% |
| + Depreciation and write-downs630 | €19,931 | €77,119 | €79,349 | €76,479 | €63,692 | ▼ 16.7% |
| Operating cash flow (approximation) | €19,719 | €3.1m | €2.6m | €159,400 | €97,847 | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €3,247 | -€190,744 | €17,500 | -€25,522 | ▼ 246% |
| Change in cash | - | -€449,325 | -€9,996 | €43,437 | -€43,475 | ▼ 200% |
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 145 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 89 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 184 days late
2022
31-12
Financial
Equity above €5mEq €6.6m ▲62.5%
2 profitable years in a row build equity to €6.6m.
2021
31-12
Financial
Back to profitnet €3.0m
Net result €3.0m after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.45 to 1.08.
31-12
Financial
Equity above €2mEq €4.1m ▲280%
Equity rises from €1.1m to €4.1m.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€134,470
Net result drops to -€134,470, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
Show earlier events
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 91 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Gent · 1 establishment unit since 2000
Ground area
612 m²
Building footprint
436 m²
Volume, LiDAR
48 m³
Parcel 44807G0760/04M000, Flanders · tallest building 2.2 m. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Kompasplein 20, 9000 Gent
since 20002.115.944.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0760/04M000 | Flanders | 612 m² | 1 · 436 m² | 2.2 m |
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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
50%
According to the 2024 annual accounts of Apache Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
[Partners Through Innovation]²
BE 0685.928.669
Sint-Joost-ten-Node · Eq €6,730,584
CONNECTIFY
BE 0700.317.531
Beernem · Eq €6,671,144
CDS SOFTWARE
BE 0875.793.697
Brecht · Eq €6,799,051
GARTNER BELGIUM
BE 0467.335.013
Zaventem · Eq €6,801,965
HSBCAD
BE 0475.468.363
Gent · Eq €6,836,967
Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 1,399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-05-2000
Fiscal year end31-12
Abbreviation NL
KALVAAR
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471954983
Also
9925:BE0471954983
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.