Equity
€761,843 ▼ 10.8%
APEX paid out €71,429 in dividends in a year with a loss of €20,347.
APEX
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2002peak €1.3m (2018)
-€12,460▼ €11,026
lowest -€318,843 (2006)
-€20,347▼ €18,242
peak €1.0m (2019)
€761,843▼ 10.8%
€73,030▲ 31×
Board3 names since 2018
2 directorsKatty BALTUS and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from -€1,434 to -€12,460Loss of €20,347Reappointments: Katty BALTUS (director) and MOREAU Daphné (di… 08-04Dividend €71,429Debts from €2,345 to €73,030Investments €213,490
Key points
from the 2025 annual accountsLosses
-€51,746 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Investments
€263,490 32.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 205.2% higher than in 2024.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €20,347, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 6.30, cash €456,821
Equity €761,843 (91.3% of total assets)
Size: total assets €834,872
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 82, micro). It does better than 88% of them on solvency, 97% on liquidity, 15% on profitability and 26% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as APEX has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APEX itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 8,617 companies, not a prediction for APEX. 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 €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.3, above the usual 1.5. Short-term debt is 8.7% and cash 54.7% of total assets. 8.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
11 days late
2023
28 days late
2022
22 days late
2021
23 days late
2020
31 days late
2019
25 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 20 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 22 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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476136574
Reappointments: Katty BALTUS (director) and MOREAU Daphné (director)
General meeting of 01-12-2023 · Gazette deed
Reappointments: Katty BALTUS (director) and MOREAU Daphné (director)
General meeting of 21-06-2019 · Gazette deed
Resignation: BODSON Ludovic (director)
Appointment: MOREAU Daphné (director) · General meeting of 30-11-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APEX Chaudfontaine | €834,872 | -€12,460 | 91.3% | - |
| BASIQ DENTAL Turnhout | €732,574 | -€4,196 | 53.3% | - |
| FERME D'ECARGNE Braine-le-Comte | €626,610 | €866 | 75.9% | - |
| W&M BRUSSELS CONSULTING Berchem-Sainte-Agathe | €787,706 | -€25,145 | 9.1% | - |
| EUROPEAN GARDEN MACHINERY INDUSTRY FEDERATION Brussels | €583,018 | -€15,671 | 97.3% | - |
| ROULIN DEVELOPPEMENT Philippeville | €561,225 | -€5,923 | 31.5% | - |
| DDB ASSOCIÉS Sint-Gillis (bij-Brussel) | €706,071 | -€87,022 | 56.8% | - |
These companies have the same main activity as APEX: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €561,000 and €788,000, founded between 2001 and 2008.
Official details
Source: KBO- Status
- Active since 23-11-2001Normal situation
- Activity
- Office administrative and support servicesNACE 82100
- Establishment unit
- 2.101.492.9241190 Forest, since 21-01-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 07-12-2025
Annual accounts 2025
- €834,872▼ 2.5%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on APEX
APEX files the abbreviated format. That format states no turnover. The gross margin rose from -€86,436 in 2006 to -€12,460 in 2025.
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 APEX
- What is the company number of APEX?
- The company number of APEX is 0476.136.574. The VAT number is the same number with BE in front: BE 0476.136.574.
- Where is APEX based?
- The registered office is at Voie de l'Ardenne 127C, 4053 Chaudfontaine.Company details
- What does APEX do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of APEX?
- APEX is a public limited company (NV).
- When was APEX founded?
- APEX was founded on 23-11-2001.
- Is APEX still active?
- Yes, APEX is an active enterprise in the KBO register.
- What is the turnover of APEX?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is APEX profitable?
- In financial year 2025, APEX made a loss of €20,347.
- Where can I find the annual accounts of APEX?
- APEX filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APEX due?
- APEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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