APELLON
ActiveSummary
APELLON has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200,299 and a net result of €56,813. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 16.84 against 9.85 in 2024; short-term debt: 5% and cash: 20.1% of total assets), and 5% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
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
95%
Return on assets
26.9%
Age of the figures
9 mo
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 05-02-2026, 176 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
176 d early
2024
66 d early
2023
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 97 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€200,299▲ 39.6%
2024 · €143,486
Total assets
€210,858▲ 36.4%
2024 · €154,548
Net result
€56,813▲ 16.2%
2024 · €48,889
Working capital
€167,295▲ 70.9%
2024 · €97,912
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
Line202320242025
Operating result€114,809-€61,677▼ 46.3%€71,025▲ 15.2%
Net result€93,786-€48,889▼ 47.9%€56,813▲ 16.2%
Equity€95,456-€143,486▲ 50.3%€200,299▲ 39.6%
Total assets€98,142-€154,548▲ 57.5%€210,858▲ 36.4%
Debt€2,687-€11,062▲ 312%€10,560▼ 4.5%
Working capital€39,468-€97,912▲ 148%€167,295▲ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210,858
Fixed assets
€33,004 ▼ 27.6%
Current assets
€177,854 ▲ 63.2%
Equity and liabilities €210,858
Equity
€200,299 ▲ 39.6%
Debt
€10,560 ▼ 4.5%
Debt's share of the balance-sheet total falls from 7.2% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,595▲
2024 · €73,824
Cash flow
€69,382▲
2024 · €61,036
Current ratio
16.84▲
2024 · 9.85
Debt to equity
0.05▼
2024 · 0.08
ROE
28.4%▼
2024 · 34.1%
ROA
26.9%▼
2024 · 31.6%
Interest coverage
204.19▲
2024 · 131.47
Debt ≤ 1 year
€10,560▼
2024 · €11,062
Income taxes
€14,475▲
2024 · €12,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,204 | €12,147 | €12,569 | ▲ 3.5% |
| Other operating charges640/8 | - | - | €144 | - |
| Gross operating margin9900 | €116,013 | €73,824 | €83,739 | ▲ 13.4% |
| Operating profit (loss)9901 | €114,809 | €61,677 | €71,025 | ▲ 15.2% |
| Financial income75/76B | €4,204 | €301 | €672 | ▲ 124% |
| Recurring financial income75 | €4,204 | €301 | €672 | ▲ 124% |
| Financial charges65/66B | €505 | €562 | €409 | ▼ 27.1% |
| Recurring financial charges65 | €505 | €562 | €409 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €118,508 | €61,417 | €71,288 | ▲ 16.1% |
| Income taxes67/77 | €24,723 | €12,527 | €14,475 | ▲ 15.5% |
| Profit (loss) for the period9904 | €93,786 | €48,889 | €56,813 | ▲ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €93,786 | €48,889 | €56,813 | ▲ 16.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €98,142 | €154,548 | €210,858 | ▲ 36.4% |
| Fixed assets21/28 | €55,988 | €45,573 | €33,004 | ▼ 27.6% |
| Tangible fixed assets22/27 | €55,988 | €45,573 | €33,004 | ▼ 27.6% |
| Furniture and vehicles24 | €55,347 | €44,882 | €32,673 | ▼ 27.2% |
| Other tangible fixed assets26 | €641 | €692 | €331 | ▼ 52.2% |
| Current assets29/58 | €42,154 | €108,974 | €177,854 | ▲ 63.2% |
| Amounts receivable within one year40/41 | €30,302 | €14,060 | €43,380 | ▲ 209% |
| Trade receivables40 | €25,500 | €12,489 | €24,563 | ▲ 96.7% |
| Other amounts receivable41 | €4,802 | €1,570 | €18,817 | ▲ 1,098% |
| Current investments50/53 | €7,789 | €50,672 | €89,276 | ▲ 76.2% |
| Cash at bank and in hand54/58 | €1,305 | €41,860 | €42,291 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | €2,759 | €2,383 | €2,908 | ▲ 22.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €98,142 | €154,548 | €210,858 | ▲ 36.4% |
| Equity10/15 | €95,456 | €143,486 | €200,299 | ▲ 39.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €92,956 | €140,986 | €197,799 | ▲ 40.3% |
| Amounts payable17/49 | €2,687 | €11,062 | €10,560 | ▼ 4.5% |
| Amounts payable within one year42/48 | €2,687 | €11,062 | €10,560 | ▼ 4.5% |
| Financial debts43 | €5 | €53 | €18 | ▼ 65.8% |
| Credit institutions430/8 | €5 | €0 | - | - |
| Other loans439 | - | €53 | €18 | ▼ 65.8% |
| Trade debts44 | €1,101 | €543 | €634 | ▲ 16.8% |
| Suppliers440/4 | €1,101 | €543 | €634 | ▲ 16.8% |
| Taxes, remuneration and social security45 | €750 | €9,607 | €9,907 | ▲ 3.1% |
| Taxes450/3 | €750 | €9,607 | €9,907 | ▲ 3.1% |
| Other amounts payable47/48 | €830 | €859 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,786 | €48,889 | €56,813 | ▲ 16.2% |
| + Depreciation and write-downs630 | €1,204 | €12,147 | €12,569 | ▲ 3.5% |
| Operating cash flow (approximation) | €94,990 | €61,036 | €69,382 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | -€1,732 | €0 | ▲ 100% |
| Change in cash | - | €40,555 | €431 | ▼ 98.9% |
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
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €200,299 ▲39.6%
3 profitable years in a row build equity to €200,299.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €48,889 ▼47.9%
Net result drops to €48,889, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €143,486 ▲50.3%
2 profitable years in a row build equity to €143,486.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Gent · 1 establishment unit since 2023
Ground area
475 m²
Building footprint
118 m²
Volume, LiDAR
839 m³
Parcel 44809I0477/00A002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
APELLON
since 20232.340.719.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0477/00A002 | Flanders | 475 m² | 1 · 118 m² | 10.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400G3DGKPGXF5BE42
Similar companies · same sector, comparable size
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PHAISTOS CONSULTING
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 14,762 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
Founded23-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797514895
Also
9925:BE0797514895
Registered
02-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.