APDM
ActiveSummary
The computed 12-month bankruptcy probability of APDM is 2.2% (moderate). The 2025 annual accounts show equity of €83k and a net result of €9k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 13417 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency92▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 3.75 in 2024; short-term debt: 33.1% and cash: 39.1% of total assets), and 33.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more 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 2025Solvency, return and age of the figures
Solvency
66.9%
Return on assets
7.6%
Age of the figures
9 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
31 d late
2021
32 d early
2019
66 d early
2018
56 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▼ 6.5%
2024 · €89k
2018: €4klowest value
2019: €14k▲ +209% vs 2018
2021: €19k
2022: €46k▲ +145% vs 2021
2023: €68k▲ +47.8% vs 2022
2024: €89k▲ +31.2% vs 2023highest value
2025: €83k▼ -6.5% vs 2024
2018 → 2025
Total assets
€124k▲ 3.7%
2024 · €120k
2018: €64k
2019: €61k▼ -4.2% vs 2018
2021: €61klowest value
2022: €78k▲ +26.9% vs 2021
2023: €93k▲ +20.2% vs 2022
2024: €120k▲ +28.7% vs 2023
2025: €124k▲ +3.7% vs 2024highest value
2018 → 2025
Net result
€9k▼ 68.8%
2024 · €30k
2018: €3klowest value
2019: €9k▲ +172% vs 2018
2021: €9k
2022: €27k▲ +187% vs 2021
2023: €43k▲ +59.3% vs 2022highest value
2024: €30k▼ -29.8% vs 2023
2025: €9k▼ -68.8% vs 2024
2018 → 2025
Working capital
€80k▼ 6.8%
2024 · €85k
2018: €-4klowest value
2019: €6k▲ +262% vs 2018
2021: €19k
2022: €43k▲ +120% vs 2021
2023: €64k▲ +50.7% vs 2022
2024: €85k▲ +33.1% vs 2023highest value
2025: €80k▼ -6.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€46k▲ 145%€68k▲ 47.8%€89k▲ 31.2%€83k▼ 6.5%
2021: €19klowest in 5 years
2022: €46k▲ +145% vs 2021
2023: €68k▲ +47.8% vs 2022
2024: €89k▲ +31.2% vs 2023highest in 5 years
2025: €83k▼ -6.5% vs 2024
Operating result€12k-€39k▲ 227%€66k▲ 68.6%€48k▼ 27.0%€15k▼ 69.5%
2021: €12klowest in 5 years
2022: €39k▲ +227% vs 2021
2023: €66k▲ +68.6% vs 2022highest in 5 years
2024: €48k▼ -27.0% vs 2023
2025: €15k▼ -69.5% vs 2024
Net result€9k-€27k▲ 187%€43k▲ 59.3%€30k▼ 29.8%€9k▼ 68.8%
2021: €9klowest in 5 years
2022: €27k▲ +187% vs 2021
2023: €43k▲ +59.3% vs 2022highest in 5 years
2024: €30k▼ -29.8% vs 2023
2025: €9k▼ -68.8% vs 2024
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 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€4k ▲ 0.1%
Current assets
€121k ▲ 3.8%
Equity and liabilities €124k
Equity
€83k ▼ 6.5%
Debt
€41k ▲ 33.0%
Debt's share of the balance-sheet total rises from 25.8% to 33.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €49k
Cash flow
€11k▼
2024 · €31k
Current ratio
2.93▼
2024 · 3.75
Quick ratio
2.86▼
2024 · 3.69
Debt to equity
0.50▲
2024 · 0.35
ROE
11.4%▼
2024 · 34.2%
ROA
7.6%▼
2024 · 25.3%
Interest coverage
9.26▼
2024 · 10.53
Debt ≤ 1 year
€41k▲
2024 · €31k
Income taxes
€6k▼
2024 · €13k
Staff costs
€30k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€124k▲
Fixed assets21/28€4k€4k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24-€755
Other tangible fixed assets26€504€0▼
Financial fixed assets28€2k€2k=
Current assets29/58€116k€121k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€77k€67k▼
Trade receivables40€45k€47k▲
Other amounts receivable41€31k€20k▼
Cash at bank and in hand54/58€37k€49k▲
Deferred charges and accrued income490/1€500€3k▲
Equity and liabilities
Total equity and liabilities10/49€120k€124k▲
Equity10/15€89k€83k▼
Contributions10/11€1€1=
Reserves13€89k€83k▼
Distributable reserves133€89k€83k▼
Profit (loss) carried forward14€12€509▲
Amounts payable17/49€31k€41k▲
Amounts payable within one year42/48€31k€41k▲
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Remuneration and social security454/9€152€354▲
Other amounts payable47/48€9k€18k▲
Income statement
Code20242025
Remuneration, social security and pensions62€28k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€893€1k▲
Other operating charges640/8€3k€903▼
Gross operating margin9900€80k€47k▼
Operating profit (loss)9901€48k€15k▼
Financial income75/76B€297€3k▲
Recurring financial income75€297€3k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€44k€16k▼
Income taxes67/77€13k€6k▼
Profit (loss) for the period9904€30k€9k▼
Profit (loss) for the period to be appropriated9905€30k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€10k▼
Profit (loss) brought forward from the previous period14P-€12
Transfer from equity791/2€9k€15k▲
Transfer to equity691/2€30k€9k▼
To other reserves6921€30k€9k▼
Profit to be distributed694/7€9k€15k▲
Return on contributions (dividend)694€9k€15k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8k | €23k | €25k | €28k | €30k | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €1k | €893 | €1k | ▲ 23.0% |
| Other operating charges640/8 | €1k | €2k | €4k | €3k | €903 | ▼ 67.5% |
| Gross operating margin9900 | €25k | €67k | €96k | €80k | €47k | ▼ 41.1% |
| Operating profit (loss)9901 | €12k | €39k | €66k | €48k | €15k | ▼ 69.5% |
| Financial income75/76B | €69 | €197 | €697 | €297 | €3k | ▲ 762% |
| Recurring financial income75 | €69 | €197 | €697 | €297 | €3k | ▲ 762% |
| Financial charges65/66B | €2k | €4k | €5k | €5k | €2k | ▼ 63.5% |
| Recurring financial charges65 | €2k | €4k | €5k | €5k | €2k | ▼ 63.5% |
| Profit (loss) for the period before taxes9903 | €10k | €35k | €62k | €44k | €16k | ▼ 64.6% |
| Income taxes67/77 | €110 | €8k | €19k | €13k | €6k | ▼ 55.1% |
| Profit (loss) for the period9904 | €9k | €27k | €43k | €30k | €9k | ▼ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €9k | €27k | €43k | €30k | €9k | ▼ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61k | €78k | €93k | €120k | €124k | ▲ 3.7% |
| Fixed assets21/28 | €11k | €8k | €4k | €4k | €4k | ▲ 0.1% |
| Tangible fixed assets22/27 | €9k | €6k | €2k | €2k | €2k | ▲ 0.2% |
| Plant, machinery and equipment23 | - | - | €826 | €1k | €1k | ▼ 19.3% |
| Furniture and vehicles24 | €7k | €4k | €0 | - | €755 | - |
| Other tangible fixed assets26 | €2k | €2k | €1k | €504 | €0 | ▼ 100% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €50k | €70k | €90k | €116k | €121k | ▲ 3.8% |
| Stocks and contracts in progress3 | €2k | €3k | €3k | €2k | €3k | ▲ 39.3% |
| Stocks30/36 | €2k | €3k | €3k | €2k | €3k | ▲ 39.3% |
| Amounts receivable within one year40/41 | €27k | €54k | €49k | €77k | €67k | ▼ 12.9% |
| Trade receivables40 | €12k | €39k | €44k | €45k | €47k | ▲ 3.6% |
| Other amounts receivable41 | €15k | €14k | €5k | €31k | €20k | ▼ 36.8% |
| Cash at bank and in hand54/58 | €20k | €11k | €36k | €37k | €49k | ▲ 30.8% |
| Deferred charges and accrued income490/1 | €395 | €2k | €882 | €500 | €3k | ▲ 407% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61k | €78k | €93k | €120k | €124k | ▲ 3.7% |
| Equity10/15 | €19k | €46k | €68k | €89k | €83k | ▼ 6.5% |
| Contributions10/11 | €19k | €19k | €1 | €1 | €1 | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €11k | €26k | €68k | €89k | €83k | ▼ 7.1% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | €9k | €25k | €68k | €89k | €83k | ▼ 7.1% |
| Profit (loss) carried forward14 | €-11k | €911 | €0 | €12 | €509 | ▲ 4,142% |
| Amounts payable17/49 | €42k | €32k | €25k | €31k | €41k | ▲ 33.0% |
| Amounts payable after more than one year17 | €12k | €4k | €0 | - | - | - |
| Financial debts170/4 | €12k | €4k | €0 | - | - | - |
| Amounts payable within one year42/48 | €31k | €27k | €25k | €31k | €41k | ▲ 33.0% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €4k | - | - | - |
| Trade debts44 | €8k | €6k | €5k | €11k | €10k | ▼ 6.1% |
| Suppliers440/4 | €8k | €6k | €5k | €11k | €10k | ▼ 6.1% |
| Taxes, remuneration and social security45 | - | €173 | €17k | €11k | €13k | ▲ 23.4% |
| Taxes450/3 | - | €103 | €16k | €11k | €13k | ▲ 21.9% |
| Remuneration and social security454/9 | - | €70 | €110 | €152 | €354 | ▲ 133% |
| Other amounts payable47/48 | €16k | €14k | €681 | €9k | €18k | ▲ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €27k | €43k | €30k | €9k | ▼ 68.8% |
| + Depreciation and write-downs630 | €3k | €3k | €1k | €893 | €1k | ▲ 23.0% |
| Operating cash flow (approximation) | €13k | €30k | €44k | €31k | €11k | ▼ 66.2% |
| Investment in fixed assets (approximation) | - | €593 | €3k | €-841 | €-1k | ▼ 31.0% |
| Change in cash | - | €-9k | €25k | €1k | €11k | ▲ 804% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €43k ▲59.3%
Operating result €66k, net result €43k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2008
Ground area
304 m²
Building footprint
234 m²
Volume, LiDAR
5,283 m³
Parcel 21562A0033/00M004, Brussels · tallest building 27.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Au Pays des Merveilles
since 20082.174.258.562
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0033/00M004indicative ProtectedMonumentGeheel van art-nouveauhuizen |
Brussels | 304 m² | 1 · 234 m² | 27.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.174.258.562
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,004 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
Founded28-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.