APEMAR
InactiveAPEMAR was declared bankrupt on 04-01-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 27-05-2025, published in the Belgian State Gazette on 02-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-09-2023, 44 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
not confirmed
2024
not filed
2023
not filed
2022
44 d late
2020
16 d late
2019
87 d late
2018
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 49 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€30,115▼ 2.5%
2020 · -€29,390
Total assets
€11,510▼ 28.8%
2020 · €16,163
Net result
-€9,460
2020 · €6,542
Working capital
-€31,708▼ 7.7%
2020 · -€29,439
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
Line2018201920202022
Operating result-€8,916--€3,434▲ 61.5%-€8,663▼ 152%-€9,155-
Net result-€9,423--€4,326▲ 54.1%€6,542-€9,460-
Equity-€31,605--€35,931▼ 13.7%-€29,390▲ 18.2%-€30,115-
Total assets€71,854-€31,040▼ 56.8%€16,163▼ 47.9%€11,510-
Debt€103,460-€66,971▼ 35.3%€45,553▼ 32.0%€41,626-
Working capital-€32,836--€36,864▼ 12.3%-€29,439▲ 20.1%-€31,708-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€9,155 in 2022, compared with -€8,663 in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Assets €11,510
Fixed assets
€1,592 ▲ 99.2%
Current assets
€9,918 ▼ 35.4%
Key figures and ratios
EBITDA
-€8,774▼
2020 · -€8,530
Cash flow
-€9,078▼
2020 · €6,675
Solvency
-261.6%▼
2020 · -181.8%
Current ratio
0.24▼
2020 · 0.34
Debt to equity
-1.38
ROA
-82.2%▼
2020 · 40.5%
Interest coverage
-18.51
Debt ≤ 1 year
€41,626▼
2020 · €44,803
Income taxes
€0▲
2020 · -€258
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €585 | €298 | €133 | €381 | - |
| Other operating charges640/8 | - | - | - | €1,867 | - |
| Gross operating margin9900 | -€7,636 | -€2,814 | -€8,123 | -€6,907 | - |
| Operating profit (loss)9901 | -€8,916 | -€3,434 | -€8,663 | -€9,155 | - |
| Financial income75/76B | - | - | - | €169 | - |
| Recurring financial income75 | €0 | €2 | €27 | €169 | - |
| Financial charges65/66B | - | - | - | €474 | - |
| Recurring financial charges65 | €325 | €387 | €80 | €474 | - |
| Profit (loss) for the period before taxes9903 | -€9,241 | -€3,819 | €6,284 | -€9,460 | - |
| Income taxes67/77 | €182 | €507 | -€258 | €0 | - |
| Profit (loss) for the period9904 | -€9,423 | -€4,326 | €6,542 | -€9,460 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,423 | -€4,326 | €6,542 | -€9,460 | - |
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €71,854 | €31,040 | €16,163 | €11,510 | - |
| Fixed assets21/28 | €1,231 | €932 | €799 | €1,592 | - |
| Tangible fixed assets22/27 | €1,231 | €932 | €799 | €1,592 | - |
| Furniture and vehicles24 | - | - | - | €1,592 | - |
| Current assets29/58 | €70,624 | €30,107 | €15,364 | €9,918 | - |
| Amounts receivable within one year40/41 | €48,132 | €28,518 | €10,266 | €7,531 | - |
| Trade receivables40 | - | - | - | €6,943 | - |
| Other amounts receivable41 | - | - | - | €588 | - |
| Cash at bank and in hand54/58 | €22,491 | €678 | €4,136 | €426 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,961 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €71,854 | €31,040 | €16,163 | €11,510 | - |
| Equity10/15 | -€31,605 | -€35,931 | -€29,390 | -€30,115 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€39,665 | -€43,991 | -€37,450 | -€38,175 | - |
| Amounts payable17/49 | €103,460 | €66,971 | €45,553 | €41,626 | - |
| Amounts payable within one year42/48 | €103,460 | €66,971 | €44,803 | €41,626 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €39,105 | - |
| Trade debts44 | €47,681 | €24,062 | €13,084 | €1,410 | - |
| Suppliers440/4 | - | - | - | €1,410 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,111 | - |
| Taxes450/3 | - | - | - | €1,111 | - |
| Line | 2018 | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,423 | -€4,326 | €6,542 | -€9,460 | - |
| + Depreciation and write-downs630 | €585 | €298 | €133 | €381 | - |
| Operating cash flow (approximation) | -€8,838 | -€4,028 | €6,675 | -€9,078 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€21,813 | €3,458 | - | - |
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
2025
02-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-05-2025
2024
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-01-2024
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Weakest financial yearnet -€9,460
Net result drops to -€9,460, the lowest in the series.
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Back to profitnet €6,542
Net result €6,542 after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 90 days late
2013
12-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGE VAN GOETHEM VERDUSSENSTRAAT 29,
2018 ANTWERPEN 1 |
04-01-2024 → 27-05-2025 |