Apalone
ActiveSummary
The annual accounts of Apalone for fiscal year 2024 show a net loss of 66% of the equity at the start of that year. The 2024 annual accounts show equity of €14k and a net result of €-27k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 11615 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-86
Solvency50▼-27
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.59 in 2023; short-term debt: 74.6% and cash: 37.3% of total assets), and 74.6% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.4%
Return on assets
-48.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
31 d late
2022
33 d early
2021
31 d late
2020
92 d late
2019
62 d early
← before the deadline
after the deadline →
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 Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€14k▼ 65.6%
2023 · €40k
Total assets
€55k▼ 29.0%
2023 · €77k
Net result
€-27k
2023 · €11k
Working capital
€3k▼ 87.7%
2023 · €22k
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€26k▲ 312%€9k▼ 66.4%€431▼ 95.1%€15k▲ 3,436%€-24k
Net result€20k▲ 531%€5k▼ 75.9%€-2k€11k€-27k
Equity€35k▲ 128%€40k▲ 13.5%€38k▼ 6.0%€40k▲ 7.1%€14k▼ 65.6%
Total assets€66k▲ 76.6%€75k▲ 14.8%€85k▲ 12.2%€77k▼ 8.5%€55k▼ 29.0%
Debt€30k▲ 39.9%€35k▲ 16.3%€47k▲ 33.0%€37k▼ 21.2%€41k▲ 11.2%
Working capital€34k▲ 128%€33k▼ 1.9%€25k▼ 24.9%€22k▼ 12.8%€3k▼ 87.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €24k after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€11k ▼ 39.8%
Current assets
€44k ▼ 25.5%
Equity and liabilities €55k
Equity
€14k ▼ 65.6%
Debt
€41k ▲ 11.2%
Debt's share of the balance-sheet total rises from 47.7% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2023 · €18k
Cash flow
€-23k▼
2023 · €14k
Current ratio
1.07▼
2023 · 1.59
Debt to equity
2.94▲
2023 · 0.91
ROE
-190.4%▼
2023 · 26.4%
ROA
-48.3%▼
2023 · 13.8%
Interest coverage
-9.15▼
2023 · 73.53
Debt ≤ 1 year
€41k▲
2023 · €37k
Income taxes
€218▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €798 | €1k | €3k | €3k | €4k | ▲ 19.0% |
| Other operating charges640/8 | - | €369 | €455 | €429 | €582 | ▲ 35.6% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €27k | €11k | €4k | €19k | €-18k | ▼ 198% |
| Operating profit (loss)9901 | €26k | €9k | €431 | €15k | €-24k | ▼ 258% |
| Financial income75/76B | - | €5 | - | - | - | - |
| Recurring financial income75 | €30 | €5 | - | - | - | - |
| Financial charges65/66B | - | €460 | €386 | €250 | €2k | ▲ 791% |
| Recurring financial charges65 | €503 | €460 | €386 | €250 | €2k | ▲ 791% |
| Profit (loss) for the period before taxes9903 | €25k | €8k | €45 | €15k | €-26k | ▼ 276% |
| Income taxes67/77 | €6k | €3k | €2k | €4k | €218 | ▼ 94.9% |
| Profit (loss) for the period9904 | €20k | €5k | €-2k | €11k | €-27k | ▼ 348% |
| Profit (loss) for the period to be appropriated9905 | €20k | €5k | €-2k | €11k | €-27k | ▼ 348% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €75k | €85k | €77k | €55k | ▼ 29.0% |
| Fixed assets21/28 | €1k | €7k | €13k | €19k | €11k | ▼ 39.8% |
| Tangible fixed assets22/27 | €1k | €7k | €13k | €19k | €11k | ▼ 39.8% |
| Plant, machinery and equipment23 | - | €6k | €10k | €12k | €9k | ▼ 21.8% |
| Furniture and vehicles24 | - | €1k | €3k | €7k | €2k | ▼ 70.7% |
| Current assets29/58 | €64k | €68k | €72k | €59k | €44k | ▼ 25.5% |
| Amounts receivable within one year40/41 | €21k | €27k | €24k | €19k | €16k | ▼ 15.6% |
| Trade receivables40 | - | €24k | €24k | €19k | €16k | ▼ 15.6% |
| Other amounts receivable41 | - | €2k | - | - | - | - |
| Current investments50/53 | - | - | €1k | €1k | €1k | = |
| Cash at bank and in hand54/58 | €43k | €41k | €46k | €32k | €20k | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | €324 | €183 | €6k | €6k | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €75k | €85k | €77k | €55k | ▼ 29.0% |
| Equity10/15 | €35k | €40k | €38k | €40k | €14k | ▼ 65.6% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €157 | €157 | €157 | €157 | €157 | = |
| Non-distributable reserves130/1 | - | €157 | €157 | €157 | - | - |
| Reserves not available under the articles1311 | - | €157 | €157 | €157 | - | - |
| Distributable reserves133 | - | - | - | - | €157 | - |
| Profit (loss) carried forward14 | €23k | €28k | €25k | €28k | €1k | ▼ 95.1% |
| Amounts payable17/49 | €30k | €35k | €47k | €37k | €41k | ▲ 11.2% |
| Amounts payable within one year42/48 | €30k | €35k | €47k | €37k | €41k | ▲ 11.2% |
| Financial debts43 | - | €345 | €11 | €83 | €25 | ▼ 69.9% |
| Credit institutions430/8 | - | €345 | €11 | €83 | €25 | ▼ 69.9% |
| Trade debts44 | €21k | €22k | €25k | €20k | €27k | ▲ 34.2% |
| Suppliers440/4 | - | €22k | €25k | €20k | €27k | ▲ 34.2% |
| Taxes, remuneration and social security45 | - | €9k | €18k | €15k | €13k | ▼ 8.6% |
| Taxes450/3 | - | €9k | €18k | €11k | €13k | ▲ 23.4% |
| Remuneration and social security454/9 | - | - | - | €4k | - | - |
| Other amounts payable47/48 | - | €3k | €4k | €2k | €445 | ▼ 76.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €5k | €-2k | €11k | €-27k | ▼ 348% |
| + Depreciation and write-downs630 | €798 | €1k | €3k | €3k | €4k | ▲ 19.0% |
| Operating cash flow (approximation) | €21k | €6k | €620 | €14k | €-23k | ▼ 265% |
| Investment in fixed assets (approximation) | - | €-7k | €-9k | €-9k | €4k | ▲ 141% |
| Change in cash | - | €-2k | €5k | €-14k | €-12k | ▲ 13.8% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Highest result since 2019net €20k ▲531%
Operating result €26k, net result €20k, both a record.
30-05
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 2 acts read
About the unread acts
We know of 2 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
2 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, Walhain · 1 establishment unit since 2018
Ground area
1,202 m²
Building footprint
161 m²
Parcel 25071C0137/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Apalone
since 20182.280.843.548
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071C0137/00H000 | Wallonia | 1,202 m² | 1 · 161 m² | - |
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.
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,320. 3,974 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
Founded12-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
59201Sound recording
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Phone
0497275402Walhain
Scores and ratios are computed by Checked and are not a credit decision.