Summary
APEFAT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €5.5m and a net result of €17,654. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 6166 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
43 d early
2023
22 d early
2022
39 d early
2021
38 d early
2020
14 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Oud-Heverlee, Finance and insurance sector#1 company by equity in Oud-Heverlee, Finance and insurance sector#10 oldest company in Oud-Heverlee, Finance and insurance sector
Equity
€5.5m▼ 3.5%
2023 · €5.6m
Net result
€17,654
2023 · -€1,463
Total assets
€9.5m▼ 1.2%
2023 · €9.6m
Solvency
57.6%▼ 1.4pp
2023 · 58.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,881▼ 98.9%€39,250▲ 1,987%€43,120▲ 9.9%€32,180▼ 25.4%€73,103▲ 127%
Net result€20,547within the sector's middle half▼ 84.0%€6,163within the sector's middle half▼ 70.0%€8,943within the sector's middle half▲ 45.1%-€1,463below the sector's middle half€17,654within the sector's middle half
Equity€6.4mabove the sector's middle half▲ 0.3%€5.7mabove the sector's middle half▼ 11.6%€5.6mabove the sector's middle half▼ 0.3%€5.6mabove the sector's middle half=€5.5mabove the sector's middle half▼ 3.5%
Total assets€9.8mabove the sector's middle half▼ 1.8%€9.8mabove the sector's middle half▲ 0.4%€9.6mabove the sector's middle half▼ 2.2%€9.6mabove the sector's middle half▼ 0.2%€9.5mabove the sector's middle half▼ 1.2%
Debt€3.4m▼ 5.7%€4.2m▲ 23.3%€4.0m▼ 4.9%€3.9m▼ 0.5%€4.0m▲ 2.0%
Working capital€1.8mabove the sector's middle half▼ 11.0%€1.1mabove the sector's middle half▼ 41.4%€865,407above the sector's middle half▼ 17.7%€855,006above the sector's middle half▼ 1.2%€570,764above the sector's middle half▼ 33.2%
Solvency65.5%within the sector's middle half▲ 1.4pp57.7%within the sector's middle half▼ 7.9pp58.8%within the sector's middle half▲ 1.1pp58.9%within the sector's middle half▲ 0.1pp57.6%within the sector's middle half▼ 1.4pp
Current ratio21.44above the sector's middle half▼ 1.762.20within the sector's middle half▼ 19.232.29within the sector's middle half▲ 0.092.32within the sector's middle half▲ 0.031.78within the sector's middle half▼ 0.53
Return on assets (ROA)0.2%below the sector's middle half▼ 1.1pp0.1%below the sector's middle half▼ 0.1pp0.1%below the sector's middle half=0.0%below the sector's middle half▼ 0.1pp0.2%below the sector's middle half▲ 0.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 127% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.5m
Fixed assets
€8.2m ▲ 1.1%
Current assets
€1.3m ▼ 13.6%
Equity and liabilities €9.5m
Equity
€5.5m ▼ 3.5%
Debt
€4.0m ▲ 2.0%
Debt's share of the balance-sheet total rises from 41.1% to 42.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
0.3%▲
2023 · 0.0%
Debt ≤ 1 year
€729,633▲
2023 · €649,459
Debt > 1 year
€3.3m=
2023 · €3.3m
Income taxes
€5,782▲
2023 · €280
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 | €3,734 | €3,697 | €3,697 | €7,989 | €8,343 | ▲ 4.4% |
| Other operating charges640/8 | - | €82 | €952 | €2,182 | €3,140 | ▲ 43.9% |
| Non-recurring operating charges66A | - | - | - | - | €2,778 | - |
| Gross operating margin9900 | €5,697 | €43,029 | €47,769 | €42,351 | €87,365 | ▲ 106% |
| Operating profit (loss)9901 | €1,881 | €39,250 | €43,120 | €32,180 | €73,103 | ▲ 127% |
| Financial income75/76B | - | €66,100 | €65,328 | €65,242 | €57,158 | ▼ 12.4% |
| Recurring financial income75 | €119,370 | €66,100 | €65,328 | €65,242 | €57,158 | ▼ 12.4% |
| Financial charges65/66B | - | €98,571 | €98,611 | €98,606 | €106,824 | ▲ 8.3% |
| Recurring financial charges65 | €98,650 | €98,571 | €98,611 | €98,606 | €106,824 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €22,601 | €6,779 | €9,837 | -€1,183 | €23,436 | ▲ 2,081% |
| Income taxes67/77 | €2,054 | €616 | €894 | €280 | €5,782 | ▲ 1,965% |
| Profit (loss) for the period9904 | €20,547 | €6,163 | €8,943 | -€1,463 | €17,654 | ▲ 1,307% |
| Profit (loss) for the period to be appropriated9905 | €20,547 | €6,163 | €8,943 | -€1,463 | €17,654 | ▲ 1,307% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.8m | €9.8m | €9.6m | €9.6m | €9.5m | ▼ 1.2% |
| Fixed assets21/28 | €7.9m | €7.9m | €8.1m | €8.1m | €8.2m | ▲ 1.1% |
| Tangible fixed assets22/27 | €33,781 | €30,084 | €26,387 | €30,962 | €37,648 | ▲ 21.6% |
| Land and buildings22 | - | €20,467 | €19,820 | €19,167 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €8,309 | €5,683 | €11,337 | €37,616 | ▲ 232% |
| Other tangible fixed assets26 | - | €1,309 | €883 | €458 | €32 | ▼ 93.1% |
| Financial fixed assets28 | €7.9m | €7.9m | €8.0m | €8.0m | €8.1m | ▲ 1.0% |
| Current assets29/58 | €1.9m | €1.9m | €1.5m | €1.5m | €1.3m | ▼ 13.6% |
| Amounts receivable after more than one year29 | - | €200,000 | €4,171 | €10,000 | €7,000 | ▼ 30.0% |
| Other amounts receivable291 | - | €200,000 | €4,171 | €10,000 | €7,000 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 9.8% |
| Trade receivables40 | - | €4,030 | €7,630 | €10,501 | €15,766 | ▲ 50.1% |
| Other amounts receivable41 | - | €1.3m | €1.2m | €1.2m | €1.0m | ▼ 10.3% |
| Cash at bank and in hand54/58 | €501,966 | €445,752 | €268,691 | €311,435 | €229,412 | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | €1,750 | €11,923 | €11,405 | €7,093 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.8m | €9.8m | €9.6m | €9.6m | €9.5m | ▼ 1.2% |
| Equity10/15 | €6.4m | €5.7m | €5.6m | €5.6m | €5.5m | ▼ 3.5% |
| Contributions10/11 | - | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Reserves13 | €3.1m | €2.4m | €2.4m | €2.4m | €2.2m | ▼ 8.3% |
| Non-distributable reserves130/1 | - | €153,358 | €153,358 | €0 | - | - |
| Reserves not available under the articles1311 | - | €153,358 | €153,358 | €0 | - | - |
| Distributable reserves133 | - | €2.2m | €2.2m | €2.4m | €2.2m | ▼ 8.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3.4m | €4.2m | €4.0m | €3.9m | €4.0m | ▲ 2.0% |
| Amounts payable after more than one year17 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Other amounts payable178/9 | - | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Amounts payable within one year42/48 | €87,777 | €872,448 | €670,348 | €649,459 | €729,633 | ▲ 12.3% |
| Trade debts44 | - | - | - | - | €635 | - |
| Suppliers440/4 | - | - | - | - | €635 | - |
| Taxes, remuneration and social security45 | - | €30,181 | €30,459 | €29,845 | €33,796 | ▲ 13.2% |
| Taxes450/3 | - | €30,181 | €30,459 | €29,845 | €33,796 | ▲ 13.2% |
| Other amounts payable47/48 | - | €842,267 | €639,889 | €619,614 | €695,203 | ▲ 12.2% |
| Accrued charges and deferred income492/3 | - | €155 | €191 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,547 | €6,163 | €8,943 | -€1,463 | €17,654 | ▲ 1,307% |
| + Depreciation and write-downs630 | €3,734 | €3,697 | €3,697 | €7,989 | €8,343 | ▲ 4.4% |
| Operating cash flow (approximation) | €24,282 | €9,860 | €12,640 | €6,526 | €25,997 | ▲ 298% |
| Investment in fixed assets (approximation) | - | €0 | -€175,000 | -€16,735 | -€95,434 | ▼ 470% |
| Change in cash | - | -€56,214 | -€177,060 | €42,744 | -€82,023 | ▼ 292% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €17,654
Net result €17,654 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Weakest financial yearnet -€1,463
Net result drops to -€1,463, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Oud-Heverlee · 1 establishment unit since 2007
Ground area
1,810 m²
Building footprint
160 m²
Volume, LiDAR
1,079 m³
Parcel 24086C0054/00D002, Flanders · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
APEFAT
since 20072.168.605.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24086C0054/00D002 | Flanders | 1,810 m² | 1 · 160 m² | 14.1 m · 2 fl. |
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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
50%
-
33.33%
-
33.33%
According to the 2024 annual accounts of APEFAT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,866 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
Founded26-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893798184
Also
9925:BE0893798184
Registered
20-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.