APANAGE

Active

Private limited companyfounded 20242 yrs activeRue du Vivier l'Agneau 4, 5336 Assesse, BelgiumKBO/BCE: BE 1013.191.130

The computed 12-month bankruptcy probability of APANAGE is 7.6% (elevated). The 2025 annual accounts show equity of €44k and a net result of €-56k. Its solvency ranks better than 57% of 13061 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

18 / 100

Critical

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability0

Solvency49

Growth-

Stability67

Bankruptcy probability, 12 months

7.6% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.44), and 61.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2025

Solvency, return and age of the figures

Solvency

38.7%

Return on assets

-49.5%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€44k

Total assets

€113k

Net result

€-56k

Working capital

€-39k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €113k

73.0%

27.0%

Fixed assets €83k

Current assets €31k

Equity and liabilities €113k

38.7%

61.3%

Equity €44k

Debt €70k

Debt finances 61.3% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€-28k

Cash flow

€-30k

Solvency

38.7%

Current ratio

0.44

Quick ratio

0.34

Debt / equity

1.58

ROE

-127.8%

ROA

-49.5%

Interest coverage

-11.97

Debt

€70k

Debt ≤ 1 year

€70k

Staff costs

€141k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€113k

Fixed assets21/28€83k

Intangible fixed assets21€61k

Tangible fixed assets22/27€22k

Plant, machinery and equipment23€456

Furniture and vehicles24€7k

Other tangible fixed assets26€14k

Current assets29/58€31k

Stocks and contracts in progress3€7k

Stocks30/36€7k

Amounts receivable within one year40/41€8k

Trade receivables40€1k

Other amounts receivable41€7k

Cash at bank and in hand54/58€15k

Equity and liabilities

Total equity and liabilities10/49€113k

Equity10/15€44k

Contributions10/11€100k

Profit (loss) carried forward14€-56k

Amounts payable17/49€70k

Amounts payable within one year42/48€70k

Financial debts43€19k

Credit institutions430/8€19k

Trade debts44€6k

Suppliers440/4€6k

Taxes, remuneration and social security45€17k

Taxes450/3€6k

Remuneration and social security454/9€11k

Other amounts payable47/48€28k

Income statement Code2025

Remuneration, social security and pensions62€141k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k

Other operating charges640/8€1k

Gross operating margin9900€115k

Operating profit (loss)9901€-54k

Financial income75/76B€222

Recurring financial income75€222

Financial charges65/66B€2k

Recurring financial charges65€2k

Profit (loss) for the period before taxes9903€-56k

Profit (loss) for the period9904€-56k

Profit (loss) for the period to be appropriated9905€-56k

Appropriation of the result

Profit (loss) to be appropriated9906€-56k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Assesse · 2 establishment units since 2024

establishment approximate All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Vivier l'Agneau 45336 Assesse

Ground area

2,623 m²

Building footprint

512 m²

2 parcels, Wallonia. Linked by address, not a title deed.

2 establishment units

Rue du Vivier l'Agneau 4, 5336 Assesse

Property management for co-owned buildings (syndics)

since 20242.363.368.475

MIA MADRE

Rue Saint-Roch 4, 5500 DinantFull-service restaurants

since 20262.391.428.694

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92028A0505/00N000	Wallonia	2,382 m²	1 · 438 m²	-
91034G0751/00K000	Wallonia	241 m²	1 · 73 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

HOTEL-RESTAURANT DE KLUIS

Of 20,231 companies in sector 56111 we hold annual accounts for 11,311. 9,655 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-09-2024

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

56210Event catering

68321Property management for co-owned buildings (syndics)

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.