APIARIUS
ActiveSummary
APIARIUS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17,006 and a net result of €44,531. Equity is shrinking by ~36.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 75% of 6719 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency89▲+89
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.81; short-term debt: 35.5% and cash: 11.5% of total assets), and 35.5% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.5%
Return on assets
168.8%
Age of the figures
21 mo
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 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
30 d late
2022
67 d late
2021
85 d late
2020
88 d late
2019
101 d late
← 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 54 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€17,006
2023 · -€27,525
Total assets
€26,383▲ 1,029%
2023 · €2,337
Net result
€44,531
2023 · -€11,398
Working capital
€17,006
2023 · -€27,525
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€22,245-€6,358▲ 71.4%€1,193-€10,182€47,914
Net result-€22,675below the sector's middle half-€7,226below the sector's middle half▲ 68.1%-€112within the sector's middle half▲ 98.5%-€11,398below the sector's middle half▼ 10,122%€44,531above the sector's middle half
Equity-€8,789below the sector's middle half-€16,015below the sector's middle half▼ 82.2%-€16,126below the sector's middle half▼ 0.7%-€27,525below the sector's middle half▼ 70.7%€17,006within the sector's middle half
Total assets€8,339below the sector's middle half▼ 71.5%€5,900below the sector's middle half▼ 29.2%€6,781below the sector's middle half▲ 14.9%€2,337below the sector's middle half▼ 65.5%€26,383below the sector's middle half▲ 1,029%
Debt€17,128▲ 11.8%€21,915▲ 27.9%€22,907▲ 4.5%€29,861▲ 30.4%€9,377▼ 68.6%
Working capital-€11,868below the sector's middle half-€14,305below the sector's middle half▼ 20.5%-€16,126below the sector's middle half▼ 12.7%-€27,525below the sector's middle half▼ 70.7%€17,006within the sector's middle half
Solvency-105.4%below the sector's middle half▼ 152.9pp-271.4%below the sector's middle half▼ 166.0pp-237.8%below the sector's middle half▲ 33.6pp64.5%above the sector's middle half
Current ratio0.31below the sector's middle half▼ 0.810.29below the sector's middle half▼ 0.020.30below the sector's middle half▲ 0.012.81above the sector's middle half
Return on assets (ROA)-271.9%below the sector's middle half▼ 294.3pp-122.5%below the sector's middle half▲ 149.4pp-1.6%below the sector's middle half▲ 120.8pp168.8%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €47,914 after a loss of €10,182 in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €26,383
Equity
€17,006
Debt
€9,377
Debt finances 35.5% of the balance-sheet total.
Key figures and ratios
Debt to equity
0.55
ROE
261.8%
Debt ≤ 1 year
€9,377▼
2023 · €29,861
Income taxes
€4,160▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €60,507 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,989 | €2,989 | €91 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,580 | - | - |
| Other operating charges640/8 | - | €292 | €297 | €363 | €340 | ▼ 6.4% |
| Non-recurring operating charges66A | - | €180 | €180 | €180 | - | - |
| Gross operating margin9900 | -€12,636 | -€2,897 | €1,760 | -€6,058 | €48,254 | ▲ 897% |
| Operating profit (loss)9901 | -€22,245 | -€6,358 | €1,193 | -€10,182 | €47,914 | ▲ 571% |
| Financial income75/76B | - | €0 | €8 | €1 | €985 | ▲ 80,620% |
| Recurring financial income75 | €4 | €0 | €8 | €1 | €985 | ▲ 80,620% |
| Financial charges65/66B | - | €749 | €1,192 | €1,086 | €207 | ▼ 80.9% |
| Recurring financial charges65 | €317 | €749 | €1,192 | €1,086 | €207 | ▼ 80.9% |
| Profit (loss) for the period before taxes9903 | -€22,558 | -€7,108 | €9 | -€11,267 | €48,691 | ▲ 532% |
| Income taxes67/77 | €118 | €119 | €121 | €132 | €4,160 | ▲ 3,063% |
| Profit (loss) for the period9904 | -€22,675 | -€7,226 | -€112 | -€11,398 | €44,531 | ▲ 491% |
| Profit (loss) for the period to be appropriated9905 | -€22,675 | -€7,226 | -€112 | -€11,398 | €44,531 | ▲ 491% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,339 | €5,900 | €6,781 | €2,337 | €26,383 | ▲ 1,029% |
| Fixed assets21/28 | €3,080 | €91 | - | - | - | - |
| Tangible fixed assets22/27 | €3,080 | €91 | - | - | - | - |
| Furniture and vehicles24 | - | €91 | - | - | - | - |
| Current assets29/58 | €5,259 | €5,809 | €6,781 | €2,337 | €26,383 | ▲ 1,029% |
| Amounts receivable within one year40/41 | €3,580 | €3,580 | €3,580 | - | €23,338 | - |
| Trade receivables40 | - | €3,580 | €3,580 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €23,338 | - |
| Cash at bank and in hand54/58 | - | - | - | - | €3,046 | - |
| Deferred charges and accrued income490/1 | - | €2,229 | €3,201 | €2,337 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,339 | €5,900 | €6,781 | €2,337 | €26,383 | ▲ 1,029% |
| Equity10/15 | -€8,789 | -€16,015 | -€16,126 | -€27,525 | €17,006 | ▲ 162% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€29,249 | -€36,475 | -€36,586 | -€47,985 | -€3,454 | ▲ 92.8% |
| Amounts payable17/49 | €17,128 | €21,915 | €22,907 | €29,861 | €9,377 | ▼ 68.6% |
| Amounts payable within one year42/48 | €17,128 | €20,115 | €22,907 | €29,861 | €9,377 | ▼ 68.6% |
| Financial debts43 | - | €5,262 | €3,547 | €5,250 | - | - |
| Credit institutions430/8 | - | €5,262 | €3,547 | €5,250 | - | - |
| Trade debts44 | €3,137 | €6,449 | €9,138 | €14,199 | €5,217 | ▼ 63.3% |
| Suppliers440/4 | - | €6,449 | €9,138 | €14,199 | €5,217 | ▼ 63.3% |
| Taxes, remuneration and social security45 | - | €438 | €239 | €252 | €4,160 | ▲ 1,549% |
| Taxes450/3 | - | €438 | €239 | €252 | €4,160 | ▲ 1,549% |
| Other amounts payable47/48 | - | €7,967 | €9,983 | €10,160 | - | - |
| Accrued charges and deferred income492/3 | - | €1,800 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,675 | -€7,226 | -€112 | -€11,398 | €44,531 | ▲ 491% |
| + Depreciation and write-downs630 | €8,989 | €2,989 | €91 | - | - | - |
| Operating cash flow (approximation) | -€13,686 | -€4,237 | -€21 | -€11,398 | €44,531 | ▲ 491% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €44,531
Net result €44,531 after 4 loss-making years.
31-12
Financial
Liquidity times 36current ratio 2.81
Current ratio from 0.08 to 2.81; short-term debt falls from €29,861 to €9,377.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet -€22,675
Net result drops to -€22,675, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 182 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial 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
Registered office, Soumagne · 1 establishment unit since 2004
Ground area
352 m²
Building footprint
100 m²
Volume, LiDAR
1,678 m³
2 parcels, Wallonia · tallest building 18.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Geoffroy A.
since 20042.143.900.037
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62008B0268/00L000 | Wallonia | 205 m² | - | - |
| 62817C0139/00R000 | Wallonia | 147 m² | 1 · 100 m² | 18.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.143.900.037
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Of 6,971 companies in sector 49320 we hold annual accounts for 2,715. 2,181 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 (pre-2019)
Founded10-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865708766
Also
9925:BE0865708766
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.