Equity
APDM paid out €15,300 in dividends. That is 161% of the 2025 profit.
In July 2024, 34,721 companies had the same profile as APDM has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,721 companies, not a prediction for APDM. 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.
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.
| Company | ||||
|---|---|---|---|---|
| APDM Sint-Gillis (bij-Brussel) | €124,456 | €46,972 | 66.9% | - |
| A.B.D. TRIUM Saint-Josse-ten-Noode | €135,899 | €39,520 | 59.2% | - |
| Keles Heusden-Zolder | €120,133 | €49,718 | 42.4% | - |
| Delivery and Takeaway Antwerp Antwerp | €112,253 | €46,776 | 92.5% | - |
| SMAAKATELIER Tongeren-Borgloon | €122,172 | €49,431 | 33.4% | - |
| PASCARIELLO Maasmechelen | €119,900 | €42,685 | 93.1% | - |
| LALE Wommelgem | €122,439 | €50,000 | 45.3% | - |
These companies have the same main activity as APDM: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €112,000 and €136,000, founded between 2006 and 2009.
APDM files the micro format. That format states no turnover. The gross margin rose from €1,639 in 2009 to €46,972 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €200,000 and €340,000.
Higher than 81% of 18,532 companies in 2025.
Higher than 83% of 17,887 companies in 2025.
Higher than 58% of 17,984 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 69 people joined and 73 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 200915 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
124,456 | 120,025 | 93,228 | 77,586 | 61,120 | 61,352 | 64,048 | 73,161 | 61,537 | 70,702 | 93,127 | 97,900 | 71,225 | 85,974 | 100,230 | 41,398 | |
21/28 |
3,598 | 3,594 | 3,646 | 7,684 | 11,080 | 7,302 | 8,341 | 13,213 | 15,751 | 39,042 | 47,060 | 58,778 | 51,007 | 60,992 | 72,531 | 25,643 | |
21 |
- | - | - | - | - | - | - | - | - | 4,000 | 6,000 | 8,000 | 1,000 | 2,000 | 3,000 | 4,000 | |
22/27 |
1,786 | 1,782 | 1,834 | 5,872 | 8,675 | 4,898 | 5,937 | 10,809 | 13,347 | 28,519 | 35,431 | 46,128 | 50,007 | 58,992 | 69,531 | 21,643 | |
23 |
1,031 | 1,278 | 826 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
755 | - | 0 | 4,360 | 6,659 | 644 | 485 | 3,153 | 6,168 | 12,559 | 15,277 | 21,781 | 22,116 | 26,972 | 33,383 | 12,582 | |
26 |
0 | 504 | 1,008 | 1,512 | 2,017 | 4,254 | 5,451 | 7,655 | 7,179 | 15,960 | 20,154 | 24,347 | 27,892 | 32,020 | 36,148 | - | |
28 |
1,812 | 1,812 | 1,812 | 1,812 | 2,405 | 2,405 | 2,405 | 2,405 | 2,405 | 6,522 | 5,629 | 4,650 | - | - | - | - | |
29/58 |
120,858 | 116,431 | 89,582 | 69,902 | 50,040 | 54,050 | 55,706 | 59,948 | 45,785 | 31,661 | 46,067 | 39,122 | 20,218 | 24,982 | 27,699 | 15,755 | |
3 |
2,937 | 2,109 | 3,328 | 2,713 | 2,349 | 1,946 | 1,946 | 3,138 | 2,242 | 812 | 8,545 | 11,946 | 4,427 | 9,959 | 8,984 | 6,222 | |
30/36 |
2,937 | 2,109 | 3,328 | 2,713 | 2,349 | 1,946 | 1,946 | 3,138 | 2,242 | 812 | 8,545 | 11,946 | 4,427 | 9,959 | 8,984 | 6,222 | |
40/41 |
66,698 | 76,611 | 49,431 | 53,730 | 27,104 | 51,008 | 52,154 | 55,658 | 42,295 | 27,759 | 34,322 | 19,995 | 12,656 | 3,428 | 11,119 | 778 | |
40 |
46,868 | 45,242 | 43,960 | 39,398 | 12,359 | 42,043 | 48,807 | 47,658 | 34,295 | 19,716 | 26,322 | 12,105 | 12,656 | 3,413 | 1,506 | 778 | |
41 |
19,830 | 31,369 | 5,471 | 14,332 | 14,745 | 8,965 | 3,347 | 8,000 | 8,000 | 8,044 | 8,000 | 7,890 | - | 15 | 9,614 | - | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | 6,444 | 2,334 | 11,595 | 7,595 | - | |
54/58 |
48,687 | 37,211 | 35,941 | 11,158 | 20,191 | 730 | 613 | 1,152 | 1,248 | 3,090 | 3,201 | - | - | - | - | 7,905 | |
490/1 |
2,536 | 500 | 882 | 2,301 | 395 | 366 | 994 | - | - | - | - | 737 | 800 | - | - | 850 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
124,456 | 120,025 | 93,228 | 77,586 | 61,120 | 61,352 | 64,048 | 73,161 | 61,537 | 70,702 | 93,127 | 97,900 | 71,225 | 85,974 | 100,230 | 41,398 | |
10/15 |
83,210 | 89,013 | 67,844 | 45,914 | 18,733 | 13,665 | 4,422 | 1,025 | -6,102 | -14,608 | 6,544 | 19,442 | 18,674 | -4,125 | -8,181 | -3,298 | |
10/11 |
1 | 1 | 1 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | |
10 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | |
13 |
82,700 | 89,000 | 67,843 | 26,403 | 11,103 | 11,103 | 1,860 | 1,860 | 1,860 | 110 | 110 | 110 | 70 | - | - | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 110 | 110 | 110 | 70 | - | - | - | |
1311 |
- | - | 0 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
82,700 | 89,000 | 67,843 | 24,543 | 9,243 | 9,243 | - | - | - | - | - | - | - | - | - | - | |
14 |
509 | 12 | 0 | 911 | -10,970 | -16,038 | -16,038 | -19,435 | -26,562 | -33,318 | -12,166 | 732 | 4 | -16,525 | -20,581 | -15,698 | |
17/49 |
41,246 | 31,012 | 25,384 | 31,672 | 42,387 | 47,687 | 59,626 | 72,136 | 67,639 | 85,311 | 86,583 | 78,457 | 52,551 | 90,100 | 108,411 | 44,696 | |
17 |
- | - | 0 | 4,368 | 11,754 | - | - | - | 1,807 | 7,103 | 12,740 | 19,213 | - | 8,563 | 21,741 | 12,306 | |
170/4 |
- | - | 0 | 4,368 | 11,754 | - | - | - | 1,807 | 7,103 | 12,740 | 19,213 | - | 8,563 | 21,741 | 12,306 | |
42/48 |
41,246 | 31,012 | 25,384 | 27,304 | 30,633 | 47,687 | 59,626 | 72,136 | 65,832 | 78,208 | 72,982 | 59,245 | 52,551 | 81,537 | 86,670 | 32,390 | |
42 |
- | - | 3,613 | 6,776 | 6,659 | - | - | 1,807 | 5,296 | 19,425 | 6,472 | 6,246 | 8,563 | 14,503 | 14,357 | 3,717 | |
43 |
- | - | - | - | - | 4,973 | 4,983 | 4,735 | 1 | 2,457 | 2,467 | 4,613 | 4,816 | 1,591 | 4,894 | 3,465 | |
430/8 |
- | - | - | - | - | 4,973 | 4,983 | 4,735 | 1 | 2,457 | 2,467 | 4,613 | 4,816 | 1,591 | 4,894 | 3,465 | |
44 |
10,307 | 10,980 | 4,513 | 6,372 | 8,234 | 18,872 | 30,669 | 28,822 | 14,353 | 13,142 | 20,240 | 8,546 | 8,092 | 8,288 | 23,194 | 5,243 | |
440/4 |
10,307 | 10,980 | 4,513 | 6,372 | 8,234 | 18,872 | 30,669 | 28,822 | 14,353 | 13,142 | 20,240 | 8,546 | 8,092 | 8,288 | 23,194 | 5,243 | |
45 |
13,316 | 10,789 | 16,577 | 173 | - | 10,361 | 7,701 | 8,380 | 10,252 | 9,653 | 21,367 | 10,364 | 9,365 | 11,660 | 12,342 | 2,418 | |
450/3 |
12,962 | 10,637 | 16,467 | 103 | - | 1,363 | 325 | 1,369 | 1,508 | 395 | 4,167 | 3,228 | 2,796 | 5,354 | 338 | 481 | |
454/9 |
354 | 152 | 110 | 70 | - | 8,997 | 7,376 | 7,011 | 8,745 | 9,258 | 17,200 | 7,136 | 6,569 | 6,306 | 12,004 | 1,937 | |
47/48 |
17,623 | 9,243 | 681 | 13,983 | 15,740 | 13,482 | 16,273 | 28,393 | 35,929 | 33,531 | 22,436 | 29,475 | 21,715 | 45,495 | 31,884 | 17,546 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 860 | - | - | - | - | - | |
| Income statement | |||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 526 | 143 | 310 | - | - | - | 685 | - | |
9900 |
46,972 | 79,731 | 96,172 | 67,012 | 24,935 | 58,623 | 65,898 | 59,892 | 79,046 | 82,508 | 87,843 | 95,416 | 91,913 | 84,617 | 48,045 | 1,639 | |
62 |
30,278 | 27,806 | 25,290 | 23,405 | 8,350 | 42,395 | 46,717 | 42,537 | 37,342 | 81,591 | 80,130 | 72,488 | 58,744 | 67,561 | 40,809 | 12,621 | |
630 |
1,098 | 893 | 1,058 | 2,803 | 3,322 | 1,616 | 4,872 | 5,672 | 28,231 | 10,424 | 13,168 | 14,305 | 11,124 | 11,539 | 11,539 | 4,022 | |
640/8 |
903 | 2,780 | 3,754 | 1,626 | 1,299 | 1,273 | 6,489 | 1,131 | 1,910 | 1,974 | 2,609 | 2,394 | 2,402 | 2,203 | 4,729 | 1,113 | |
9901 |
14,693 | 48,252 | 66,070 | 39,178 | 11,965 | 13,339 | 7,820 | 10,552 | 11,562 | -11,482 | -8,064 | 6,229 | 19,643 | 3,314 | -9,033 | -16,117 | |
75/76B |
2,561 | 297 | 697 | 197 | 69 | - | 239 | 0 | 1,977 | 280 | 587 | 14 | 56 | 5,667 | 8,722 | 3,128 | |
75 |
2,561 | 297 | 697 | 197 | 69 | - | 239 | 0 | 1,977 | 280 | 587 | 14 | 56 | 5,667 | 8,722 | 3,128 | |
65/66B |
1,705 | 4,669 | 4,500 | 4,091 | 2,457 | 3,172 | 4,662 | 3,425 | 5,033 | 10,094 | 5,732 | 5,365 | 2,710 | 4,925 | 5,258 | 2,709 | |
65 |
1,705 | 4,669 | 4,500 | 4,091 | 2,457 | 3,172 | 4,662 | 3,425 | 5,033 | 10,094 | 5,732 | 5,365 | 2,710 | 4,925 | 5,258 | 2,709 | |
9903 |
15,549 | 43,880 | 62,267 | 35,284 | 9,576 | 10,167 | 3,397 | 7,127 | 8,506 | -21,152 | -12,898 | 878 | 16,989 | 4,056 | -4,884 | -15,698 | |
67/77 |
6,052 | 13,468 | 18,967 | 8,103 | 110 | 924 | - | - | - | - | - | 110 | 389 | - | - | - | |
9904 |
9,497 | 30,412 | 43,300 | 27,181 | 9,466 | 9,243 | 3,397 | 7,127 | 8,506 | -21,152 | -12,898 | 769 | 16,599 | 4,056 | -4,884 | -15,698 | |
9905 |
9,497 | 30,412 | 43,300 | 27,181 | 9,466 | 9,243 | 3,397 | 7,127 | 8,506 | -21,152 | -12,898 | 769 | 16,599 | 4,056 | -4,884 | -15,698 | |
| Appropriation of the result | |||||||||||||||||
9906 |
9,509 | 30,412 | 44,211 | 16,211 | -10,970 | -6,795 | -16,038 | -19,435 | -24,812 | -33,318 | -12,166 | 772 | 74 | -16,525 | -20,581 | -15,698 | |
14P |
12 | - | 911 | -10,970 | -20,436 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
15,300 | 9,243 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
9,000 | 30,400 | 43,300 | 15,300 | - | 9,243 | - | - | 1,750 | - | - | 40 | 70 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,750 | - | - | 40 | 70 | - | - | - | |
6921 |
9,000 | 30,400 | 43,300 | 15,300 | - | 9,243 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
15,300 | 9,243 | 2,771 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
15,300 | 9,243 | 2,771 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
2.2 | 1.3 | 2.2 | 2.5 | 0.7 | 1 | 1.3 | 1.4 | 1 | 2.4 | 2.2 | 2.1 | 1.4 | 1.8 | 1.3 | 0.3 | |
Hours worked1013 |
1,833 | 1,772 | 1,545 | 1,257 | 496 | 1,780 | 2,071 | 2,037 | 1,662 | 3,655 | 3,494 | 3,030 | 2,340 | 3,140 | 2,020 | 574 | |
| Document | |||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00496922.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00496922 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00532640 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00424722 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00394531 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20107365 | |
| 31-12-2019 | micro format | 26-05-2020 | 2020-13200390 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-15800355 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-25500469 | |
| 31-12-2016 | micro format | 02-08-2017 | 2017-40600445 | |
| 31-12-2015 | full format | 02-08-2016 | 2016-39600411 | |
| 31-12-2014 | full format | 28-09-2015 | 2015-61800489 | |
| 31-12-2013 | full format | 10-06-2014 | 2014-15800548 | |
| 31-12-2012 | full format | 17-07-2013 | 2013-30300403 | |
| 31-12-2011 | full format | 28-08-2012 | 2012-44700372 | |
| 31-12-2010 | full format | 17-08-2011 | 2011-39800254 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-47800042 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 200915 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15,791 | 49,145 | 67,128 | 41,981 | 15,286 | 14,955 | 12,692 | 16,224 | 39,793 | -1,057 | 5,104 | 20,534 | 30,767 | 14,853 | 2,507 | -12,095 | ||
| 10,595 | 31,305 | 44,358 | 29,984 | 12,788 | 10,859 | 8,269 | 12,799 | 36,737 | -10,728 | 270 | 15,073 | 27,724 | 15,595 | 6,656 | -11,675 | ||
| 1,102 | 841 | 652 | -593 | 578 | 578 | 0 | 3,134 | 9,441 | 2,406 | 1,450 | 22,075 | 1,140 | 0 | 58,427 | 29,665 | ||
| 11,476 | 1,270 | 24,783 | -9,033 | - | 117 | -539 | -96 | -1,842 | -111 | - | - | - | - | - | - | ||
| 79,612 | 85,419 | 64,198 | 42,598 | 19,407 | 6,362 | -3,919 | -12,188 | -20,046 | -46,547 | -26,915 | -20,122 | -32,334 | -56,555 | -58,972 | -16,634 | ||
| 66.9% | 74.2% | 72.8% | 59.2% | 30.6% | 22.3% | 6.9% | 1.4% | -9.9% | -20.7% | 7.0% | 19.9% | 26.2% | -4.8% | -8.2% | -8.0% | ||
| 2.93 | 3.75 | 3.53 | 2.56 | 1.63 | 1.13 | 0.93 | 0.83 | 0.70 | 0.40 | 0.63 | 0.66 | 0.38 | 0.31 | 0.32 | 0.49 | ||
| 2.86 | 3.69 | 3.40 | 2.46 | 1.56 | 1.09 | 0.90 | 0.79 | 0.66 | 0.39 | 0.51 | 0.46 | 0.30 | 0.18 | 0.22 | 0.29 | ||
| 0.50 | 0.35 | 0.37 | 0.69 | 2.26 | 3.49 | 13.48 | 70.38 | - | - | 13.23 | 4.04 | 2.81 | - | - | - | ||
| 11.4% | 34.2% | 63.8% | 59.2% | 50.5% | 67.6% | 76.8% | 695.4% | - | - | -197.1% | 4.0% | 88.9% | - | - | - | ||
| 7.6% | 25.3% | 46.4% | 35.0% | 15.5% | 15.1% | 5.3% | 9.7% | 13.8% | -29.9% | -13.9% | 0.8% | 23.3% | 4.7% | -4.9% | -37.9% | ||
| 9.26 | 10.53 | 14.92 | 10.26 | 6.22 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | - | - | 1 |
| part-time | - | - | - | - | 1 |
| in full-time equivalents | - | - | - | - | 0.2 |
| 0.6 | 0.3 | 0.4 | 0.4 | 0.5 | |
| On a permanent contract | - | - | - | - | 1 |
| Joined | 69 | 80 | 60 | 42 | 21 |
| Left | 73 | 80 | 60 | 43 | 20 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | €0 | €0 | €0 | €0 | - |
| Overdue social security (RSZ) debts | €0 | €0 | €0 | €0 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,102 | €841 | €652 | - | €578 |
| €1,098 | €893 | €1,058 | €2,803 | €3,322 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 70% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 25.8% to 33.1%. Equity is lower and debt is higher.
APDM has no parent and no holdings in its annual accounts. is the only director. APDM shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Au Pays des Merveilles registered office Jean Volderslaan 42, 1060 Sint-Gillis (bij-Brussel) | 23-11-2008 | 2.174.258.562 | Restaurant |
If something looks wrong or is missing, please tell us.