APEX
ActiveSummary
APEX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €223,727 and a net result of €48,775. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 21.12 against 17.25 in 2023; short-term debt: 4.5% and cash: 48.4% of total assets), and 4.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
39 d early
2022
34 d early
2021
17 d early
2020
38 d early
2019
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€223,727▲ 14.2%
2023 · €195,952
Total assets
€234,290▲ 13.0%
2023 · €207,360
Net result
€48,775▲ 19.6%
2023 · €40,769
Working capital
€212,581▲ 14.7%
2023 · €185,389
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
Line20202021202220232024
Operating result€33,888▲ 63.5%€42,999▲ 26.9%€54,204▲ 26.1%€56,324▲ 3.9%€64,870▲ 15.2%
Net result€26,198▲ 87.9%€30,412▲ 16.1%€38,668▲ 27.1%€40,769▲ 5.4%€48,775▲ 19.6%
Equity€174,452▲ 17.7%€163,514▼ 6.3%€177,183▲ 8.4%€195,952▲ 10.6%€223,727▲ 14.2%
Total assets€219,751▲ 9.2%€236,148▲ 7.5%€202,807▼ 14.1%€207,360▲ 2.2%€234,290▲ 13.0%
Debt€45,300▼ 14.4%€72,633▲ 60.3%€25,625▼ 64.7%€11,408▼ 55.5%€10,563▼ 7.4%
Working capital€137,969▲ 32.4%€131,918▼ 4.4%€155,013▲ 17.5%€185,389▲ 19.6%€212,581▲ 14.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €234,290
Fixed assets
€11,146 ▲ 5.5%
Current assets
€223,144 ▲ 13.4%
Equity and liabilities €234,290
Equity
€223,727 ▲ 14.2%
Debt
€10,563 ▼ 7.4%
Debt's share of the balance-sheet total falls from 5.5% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,596▼
2023 · €74,713
Cash flow
€51,500▼
2023 · €59,157
Current ratio
21.12▲
2023 · 17.25
Debt to equity
0.05▼
2023 · 0.06
ROE
21.8%▲
2023 · 20.8%
ROA
20.8%▲
2023 · 19.7%
Interest coverage
1155.48▲
2023 · 566.78
Debt ≤ 1 year
€10,563▼
2023 · €11,408
Income taxes
€18,977▲
2023 · €16,232
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,529 | €17,948 | €17,042 | €18,389 | €2,725 | ▼ 85.2% |
| Other operating charges640/8 | - | €484 | €434 | €298 | €558 | ▲ 87.3% |
| Gross operating margin9900 | €51,839 | €61,430 | €71,680 | €75,011 | €68,154 | ▼ 9.1% |
| Operating profit (loss)9901 | €33,888 | €42,999 | €54,204 | €56,324 | €64,870 | ▲ 15.2% |
| Financial income75/76B | - | €6 | €1 | €809 | €2,940 | ▲ 264% |
| Recurring financial income75 | €0 | €6 | €1 | €809 | €2,940 | ▲ 264% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €256 | €356 | €132 | €59 | ▼ 55.6% |
| Recurring financial charges65 | €918 | €256 | €356 | €132 | €59 | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €35,970 | €42,750 | €53,850 | €57,001 | €67,752 | ▲ 18.9% |
| Income taxes67/77 | €9,772 | €12,337 | €15,181 | €16,232 | €18,977 | ▲ 16.9% |
| Profit (loss) for the period9904 | €26,198 | €30,412 | €38,668 | €40,769 | €48,775 | ▲ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €26,198 | €30,412 | €38,668 | €40,769 | €48,775 | ▲ 19.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,751 | €236,148 | €202,807 | €207,360 | €234,290 | ▲ 13.0% |
| Fixed assets21/28 | €49,672 | €34,623 | €22,594 | €10,563 | €11,146 | ▲ 5.5% |
| Tangible fixed assets22/27 | €49,672 | €34,623 | €22,594 | €10,563 | €11,146 | ▲ 5.5% |
| Plant, machinery and equipment23 | - | €1,363 | €5,683 | €5,929 | €7,806 | ▲ 31.7% |
| Furniture and vehicles24 | - | €33,260 | €16,911 | €4,634 | €3,340 | ▼ 27.9% |
| Current assets29/58 | €170,080 | €201,525 | €180,214 | €196,797 | €223,144 | ▲ 13.4% |
| Amounts receivable after more than one year29 | - | - | - | €85,000 | €83,000 | ▼ 2.4% |
| Other amounts receivable291 | - | - | - | €85,000 | €83,000 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €16,323 | €22,128 | €6,524 | €18,181 | €20,250 | ▲ 11.4% |
| Trade receivables40 | - | €17,428 | €2,044 | €13,341 | €12,085 | ▼ 9.4% |
| Other amounts receivable41 | - | €4,700 | €4,480 | €4,840 | €8,165 | ▲ 68.7% |
| Current investments50/53 | - | - | €900 | €2,100 | €3,300 | ▲ 57.1% |
| Cash at bank and in hand54/58 | €145,136 | €175,859 | €163,331 | €88,546 | €113,446 | ▲ 28.1% |
| Deferred charges and accrued income490/1 | - | €3,537 | €9,459 | €2,970 | €3,148 | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,751 | €236,148 | €202,807 | €207,360 | €234,290 | ▲ 13.0% |
| Equity10/15 | €174,452 | €163,514 | €177,183 | €195,952 | €223,727 | ▲ 14.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €150,710 | €139,760 | €153,420 | €172,180 | €199,955 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €137,900 | €151,560 | €172,180 | €199,955 | ▲ 16.1% |
| Profit (loss) carried forward14 | €5,142 | €5,154 | €5,163 | €5,172 | €5,172 | = |
| Amounts payable17/49 | €45,300 | €72,633 | €25,625 | €11,408 | €10,563 | ▼ 7.4% |
| Amounts payable after more than one year17 | €12,611 | €2,530 | €0 | - | - | - |
| Financial debts170/4 | - | €2,530 | €0 | - | - | - |
| Amounts payable within one year42/48 | €32,111 | €69,607 | €25,201 | €11,408 | €10,563 | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | - | €10,081 | €2,530 | €0 | - | - |
| Trade debts44 | €727 | €0 | €3,347 | €0 | €1,834 | - |
| Suppliers440/4 | - | €0 | €3,347 | €0 | €1,834 | - |
| Taxes, remuneration and social security45 | - | €9,987 | €3,866 | €7,116 | €7,918 | ▲ 11.3% |
| Taxes450/3 | - | €9,987 | €3,866 | €7,116 | €7,918 | ▲ 11.3% |
| Other amounts payable47/48 | - | €49,539 | €15,457 | €4,292 | €812 | ▼ 81.1% |
| Accrued charges and deferred income492/3 | - | €496 | €424 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,198 | €30,412 | €38,668 | €40,769 | €48,775 | ▲ 19.6% |
| + Depreciation and write-downs630 | €17,529 | €17,948 | €17,042 | €18,389 | €2,725 | ▼ 85.2% |
| Operating cash flow (approximation) | €43,727 | €48,360 | €55,710 | €59,157 | €51,500 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | -€2,899 | -€5,013 | -€6,358 | -€3,308 | ▲ 48.0% |
| Change in cash | - | €30,723 | -€12,528 | -€74,785 | €24,900 | ▲ 133% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €48,775 ▲19.6%
Operating result €64,870, net result €48,775, both a record.
31-12
Financial
Equity above €200,000Eq €223,727 ▲14.2%
7 profitable years in a row build equity to €223,727.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 17.25
Current ratio from 7.15 to 17.25; short-term debt falls from €25,201 to €11,408.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 7.15
Current ratio from 2.90 to 7.15; short-term debt falls from €69,607 to €25,201.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €174,452 ▲17.7%
3 profitable years in a row build equity to €174,452.
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €13,939 ▼33.9%
Net result drops to €13,939, the lowest in the series; recovery starts the following year.
Show earlier events
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Schoten · 1 establishment unit since 2013
Ground area
2,135 m²
Building footprint
225 m²
Volume, LiDAR
1,381 m³
Parcel 11040D0153/00F014, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VB DENTAL BV BVBA
since 20132.217.889.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0153/00F014 | Flanders | 2,135 m² | 1 · 225 m² | 10.9 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.
Similar companies · same sector, comparable size
L'OFFICE DES DENTISTES
BE 0779.320.962
Seraing · Eq €223,691
NDK Works
BE 0804.693.984
Jette · Eq €223,668
PROF. DR. MARC BRAEM TANDARTS
BE 0635.998.514
Antwerpen · Eq €223,566
Dentalan
BE 0420.111.354
Brecht · Eq €223,929
PVZ
BE 0739.783.366
Elsene · Eq €223,497
Of 6,945 companies in sector 86230 we hold annual accounts for 4,294. 3,744 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
Founded28-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0524928663
Also
9925:BE0524928663
Registered
24-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.