Filings
2025 accounts not filed: deadline was 31-07-2026.
2025 accounts not filed: deadline was 31-07-2026.
More equity than 95% of companies in computer programming and consultancy. Sector median €207,987 · 2,795 companies.
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 62, medium-sized). It does better than 63% of them on solvency, 27% on liquidity, 15% on profitability and 37% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 1,887 companies had the same profile as Apache Management has now. Each dot stands for 5 companies, two years later.
The bankruptcy probability of Apache Management itself is higher: 1.9% within 12 months. It rests on far more data about Apache Management than the profile alone.
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 1,887 companies, not a prediction for Apache Management. 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.
Liquidity is tight, with a current ratio of 1.47 (1.51 in 2023), below the usual 1.5. Short-term debt is 46.8% and cash 0% of total assets. 52.4% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 111 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Shares in 3 companies, including Apache Ltd and CORESOFT
Board & ownership| Company | ||||
|---|---|---|---|---|
| Apache Management Ghent | €14.1m | -€24,642 | 47.6% | - |
| ALAIN WIRTZ Uccle | €13.8m | -€43,980 | 22.8% | 0.5 |
| LIBERI Brasschaat | €16.4m | -€30,000 | 37.1% | - |
| JOIN CONSULT Zemst | €8.7m | -€49,367 | 70.9% | - |
| DynamIT Heusden-Zolder | €8.7m | -€46,907 | 90.5% | 0.5 |
| CONCENTRA COMPUTER CENTER Hasselt | €5.6m | -€55,500 | 99.7% | 1.8 |
| IT-Planet Ghent | €10.6m | - | 37.9% | 37.5 |
These companies have the same main activity as Apache Management: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €5.6m and €16m, founded between 1983 and 2009.
Apache Management files the abbreviated format. That format states no turnover. The gross margin fell from -€651 in 2006 to -€24,642 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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