APEX.
ActiveAPEX. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €273k and a net result of €57k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.43 against 6.44 in 2023), and 25.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
65 d late
2022
98 d late
2021
9 d early
2020
30 d late
2019
53 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€273k▲ 11.4%
2023 · €245k
2018: €67k
2019: €64k
2020: €103k
2021: €116k
2022: €145k
2023: €245k
2018 → 2024
Total assets
€368k▲ 13.9%
2023 · €323k
2018: €187k
2019: €446k
2020: €147k
2021: €188k
2022: €254k
2023: €323k
2018 → 2024
Net result
€57k▼ 52.0%
2023 · €118k
2018: €20k
2019: €-3k
2020: €39k
2021: €13k
2022: €60k
2023: €118k
2018 → 2024
Working capital
€282k▲ 4.5%
2023 · €270k
2018: €6k
2019: €-103k
2020: €101k
2021: €115k
2022: €202k
2023: €270k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€103k-€116k▲ 13.0%€145k▲ 25.0%€245k▲ 68.9%€273k▲ 11.4%
Operating result€58k-€18k▼ 69.3%€80k▲ 347%€166k▲ 107%€80k▼ 52.0%
Net result€39k-€13k▼ 65.4%€60k▲ 347%€118k▲ 97.5%€57k▼ 52.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €368k
Fixed assets
€3k▼ 7.2%
Current assets
€364k▲ 14.1%
Equity and liabilities €368k
Equity
€273k▲ 11.4%
Debt
€95k▲ 21.7%
The debt ratio rises from 24.1% to 25.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€81k▼
2023 · €167k
Cash flow
€58k▼
2023 · €119k
Solvency
74.2%▼
2023 · 75.9%
Current ratio
4.43▼
2023 · 6.44
Quick ratio
3.92▼
2023 · 5.33
Debt / equity
0.35▲
2023 · 0.32
ROE
20.8%▼
2023 · 48.3%
ROA
15.4%▼
2023 · 36.6%
Interest coverage
23.82▼
2023 · 139.85
Debt
€95k▲
2023 · €78k
Debt ≤ 1 year
€82k▲
2023 · €50k
Income taxes
€21k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€323k€368k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€0€814▲
Current assets29/58€319k€364k▲
Amounts receivable after more than one year29€14k€22k▲
Other amounts receivable291€14k€22k▲
Stocks and contracts in progress3€55k€42k▼
Stocks30/36€55k€42k▼
Amounts receivable within one year40/41€76k€130k▲
Trade receivables40€76k€130k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€174k€157k▼
Deferred charges and accrued income490/1€701€13k▲
Equity and liabilities
Total equity and liabilities10/49€323k€368k▲
Equity10/15€245k€273k▲
Contributions10/11€19k€19k=
Reserves13€211k€239k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€209k€237k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€78k€95k▲
Amounts payable within one year42/48€50k€82k▲
Trade debts44€8k€12k▲
Suppliers440/4€8k€12k▲
Advances received on contracts in progress46€5k€31k▲
Taxes, remuneration and social security45€36k€15k▼
Taxes450/3€36k€14k▼
Remuneration and social security454/9€841€825▼
Other amounts payable47/48-€25k
Accrued charges and deferred income492/3€28k€13k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€0€2k▲
Gross operating margin9900€169k€87k▼
Operating profit (loss)9901€166k€80k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€168k€78k▼
Income taxes67/77€49k€21k▼
Profit (loss) for the period9904€118k€57k▼
Profit (loss) for the period to be appropriated9905€118k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€72k▼
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer from equity791/2-€19k
Transfer to equity691/2€100k€47k▼
To other reserves6921€100k€47k▼
Profit to be distributed694/7€18k€29k▲
Return on contributions (dividend)694€18k€29k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Highest result since 2018net €118k ▲97.5%
Operating result €166k, net result €118k, both a record.
31-12
Financial
Equity above €200kEq €245k ▲68.9%
4 profitable years in a row build equity to €245k.
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.20
Current ratio from 2.59 to 5.20; short-term debt falls from €72k to €48k.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 3.29
Current ratio from 0.51 to 3.29; short-term debt falls from €211k to €44k.
31-12
Financial
Equity above €100kEq €103k ▲60.6%
Equity rises from €64k to €103k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Weakest financial yearnet €-3k ▼116%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Rixensart · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue de Merode 21330 RixensartGround area
76 m²
Building footprint
71 m²
Volume, LiDAR
686 m³
Parcel 25091C0754/00E000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
APEX
since 20142.239.069.806
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091C0754/00E000 | Wallonia | 76 m² | 1 · 71 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,155 companies in sector 81300 we hold annual accounts for 4,344. 3,175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-06-2003
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
81300Landscape service activities
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.