Debts
€244,802 73% of the balance sheet
APEREAU
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1985peak €415,126 (2019)
-€23,568▼ €32,162
lowest -€108,002 (2020)
-€23,248▼ €24,154
peak €114,982 (2024)
€91,734▼ 20.2%
€244,802▲ 235%
peak 203.3 FTE (2019)
0 FTE
Board5 names since 2023
1 directorCAP1 BV
Owners
100%CAP1
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €8,594 to -€23,568Loss of €23,248Equity from €114,982 to €91,734Debts from €72,975 to €244,802Cash from €643 to €870
Key points
from the 2025 annual accountsFilings
41 annual accounts since 1985
Nine of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
-€23,248
Lower net result than 85% of companies in food and beverage service. Sector median €10,373 · 4,818 companies.
Turnover not published (abbreviated or micro format)
Checked score
63
Healthy
Financially stronger than 26% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%
01-2025: 3.2%● unchanged vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025highest value
05-2025: 1.4%▼ -1.8 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.3 percentage points vs 06-2025
08-2025: 2.2%▲ +0.5 percentage points vs 07-2025
09-2025: 1.3%▼ -0.9 percentage points vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.1 percentage points vs 06-2026
08-2026: 2.1%▲ +0.7 percentage points vs 07-2026
09-2026: 1.2%▼ -0.9 percentage points vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Loss of €23,248 (financial year 2025)
Liquidity: current ratio 1.37, cash €870
lowers risk
Founded in 1985
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 48% of them on solvency, 10% on liquidity, 21% on profitability and 25% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as APEREAU has now. Each dot stands for 7 companies, two years later.
93.3%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APEREAU itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,450 companies, not a prediction for APEREAU. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (2.31 in 2024), below the usual 1.5. Short-term debt is 72.7% and cash 0.3% of total assets. 72.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
19 days late
2023
29 days late
2022
31 days late
2021
25 days late
2020
30 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CAP1 100%equity -€60,509 (2025) · 2025 annual accounts of CAP1
- Steven Schutter 34%annual accounts 2016
- Jan Van Leuffel 33%annual accounts 2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426772185
Registered office moved from Vremde to Ranst
New registered office: Ter Stratenweg 25, 2520 Ranst · Previous registered office: Bloemenhof 25, 2531 Vremde · Appointment: CAP1 BV (director) · General meeting of 23-12-2022 · Gazette deed
Registered office moved from Ranst to Vremde
New registered office: Bloemenhof 25, 2531 Vremde · Previous registered office: Ter Stratenweg 25, 2520 Ranst · Board meeting of 10-01-2022 · Gazette deed
Registered office moved from Antwerp to Ranst
New registered office: Ter Stratenweg 25, 2520 Ranst · Previous registered office: Leopold de Waelstraat 28, 2000 Antwerpen · Board meeting of 27-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APEREAU Ranst | €336,536 | -€23,568 | 27.3% | 0 |
| Feestzalen Pama Rumst | €298,486 | -€12,142 | 93.9% | - |
| Kohadidi Malle | €268,368 | -€34,324 | 88.0% | - |
| De Ster Mortsel | €234,931 | -€17,466 | 99.4% | - |
| HOF TEN AS Steenokkerzeel | €252,043 | -€2,147 | 90.8% | - |
| EUROPEAN SYSTEMS SUPPLY Brecht | €173,564 | -€1,679 | 98.8% | - |
| ERIVANTI Sint-Katelijne-Waver | €190,566 | -€411 | 94.1% | - |
These companies have the same main activity as APEREAU: event catering (NACE 56210). They are comparable in size and age: total assets between €174,000 and €298,000, founded between 1981 and 2003.
Official details
Source: KBO- Status
- Active since 22-01-1985Normal situation
- Activity
- Event cateringNACE 56210and 4 others
- Establishment unit
- 2.026.535.9752000 Antwerp, since 22-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on APEREAU
APEREAU files the abbreviated format. That format states no turnover. The gross margin fell from €115 in 2006 to -€23,568 in 2025.
CAP1 holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about APEREAU
- What is the company number of APEREAU?
- The company number of APEREAU is 0426.772.185. The VAT number is the same number with BE in front: BE 0426.772.185.
- Where is APEREAU based?
- The registered office is at Ter Stratenweg 25, 2520 Ranst.Company details
- What does APEREAU do?
- According to the KBO register, the main activity is event catering (NACE 56210).
- What is the legal form of APEREAU?
- APEREAU is a private limited company (pre-2019) (BVBA).
- When was APEREAU founded?
- APEREAU was founded on 22-01-1985.
- Is APEREAU still active?
- Yes, APEREAU is an active enterprise in the KBO register.
- How many employees does APEREAU have?
- APEREAU had an average of 14.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of APEREAU?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is APEREAU profitable?
- In financial year 2025, APEREAU made a loss of €23,248.
- Where can I find the annual accounts of APEREAU?
- APEREAU filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APEREAU due?
- APEREAU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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