APICALIS
ActiveSummary
The annual accounts of APICALIS for fiscal year 2025 show a net loss of 105% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €17,313 and a net result of -€57,502. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 18537 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-96
Solvency57▼-43
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.39 against 4.6 in 2024; short-term debt: 59% and cash: 10.3% of total assets), and 68.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
-104.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
27 d late
2023
27 d late
2022
28 d late
2021
30 d late
2020
20 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€57,502
2024 · €20,051
Working capital
€12,744▼ 79.0%
2024 · €60,756
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
Line20212022202320242025
Operating result€37,729€30,328▼ 19.6%€43,213▲ 42.5%€33,996▼ 21.3%-€54,743
Net result€34,115€20,062▼ 41.2%€28,259▲ 40.9%€20,051▼ 29.0%-€57,502
Equity€15,394€35,455▲ 130%€56,364▲ 59.0%€74,815▲ 32.7%€17,313▼ 76.9%
Total assets€39,517▲ 303%€59,069▲ 49.5%€70,137▲ 18.7%€91,687▲ 30.7%€54,849▼ 40.2%
Debt€24,123▼ 15.5%€23,614▼ 2.1%€13,772▼ 41.7%€16,872▲ 22.5%€37,536▲ 122%
Working capital€7,791€26,928▲ 246%€46,077▲ 71.1%€60,756▲ 31.9%€12,744▼ 79.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €54,743 after €33,996 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,849
Fixed assets
€9,749 ▼ 30.7%
Current assets
€45,100 ▼ 41.9%
Equity and liabilities €54,849
Equity
€17,313 ▼ 76.9%
Debt
€37,536 ▲ 122%
Debt's share of the balance-sheet total rises from 18.4% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€48,874▼
2024 · €39,995
Cash flow
-€51,633▼
2024 · €26,049
Current ratio
1.39▼
2024 · 4.60
Debt to equity
2.17▲
2024 · 0.23
ROE
-332.1%▼
2024 · 26.8%
ROA
-104.8%▼
2024 · 21.9%
Interest coverage
-19.07▼
2024 · 21.50
Debt ≤ 1 year
€32,356▲
2024 · €16,872
Debt > 1 year
€5,180
Income taxes
€208▼
2024 · €12,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 4,815 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,064 | €3,018 | €4,149 | €5,999 | €5,869 | ▼ 2.2% |
| Other operating charges640/8 | - | - | €416 | €412 | €25 | ▼ 93.9% |
| Non-recurring operating charges66A | €84 | €5 | €0 | €0 | - | - |
| Gross operating margin9900 | €39,877 | €33,351 | €47,778 | €40,407 | -€48,849 | ▼ 221% |
| Operating profit (loss)9901 | €37,729 | €30,328 | €43,213 | €33,996 | -€54,743 | ▼ 261% |
| Financial income75/76B | - | €1,240 | €1 | €1 | €13 | ▲ 817% |
| Recurring financial income75 | - | €1,240 | €1 | €1 | €13 | ▲ 817% |
| Non-recurring financial income76B | - | €1,240 | - | - | - | - |
| Financial charges65/66B | €530 | €445 | €3,094 | €1,860 | €2,564 | ▲ 37.8% |
| Recurring financial charges65 | €530 | €445 | €3,094 | €1,860 | €2,564 | ▲ 37.8% |
| Profit (loss) for the period before taxes9903 | €37,198 | €31,123 | €40,120 | €32,138 | -€57,294 | ▼ 278% |
| Income taxes67/77 | €3,083 | €11,061 | €11,861 | €12,087 | €208 | ▼ 98.3% |
| Profit (loss) for the period9904 | €34,115 | €20,062 | €28,259 | €20,051 | -€57,502 | ▼ 387% |
| Profit (loss) for the period to be appropriated9905 | €34,115 | €20,062 | €28,259 | €20,051 | -€57,502 | ▼ 387% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,517 | €59,069 | €70,137 | €91,687 | €54,849 | ▼ 40.2% |
| Fixed assets21/28 | €7,603 | €8,527 | €10,287 | €14,059 | €9,749 | ▼ 30.7% |
| Tangible fixed assets22/27 | €7,303 | €8,227 | €9,987 | €13,759 | €9,449 | ▼ 31.3% |
| Land and buildings22 | €2,325 | €1,860 | €2,895 | €2,280 | €1,665 | ▼ 27.0% |
| Furniture and vehicles24 | €4,978 | €6,367 | €7,092 | €11,479 | €7,784 | ▼ 32.2% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €31,915 | €50,542 | €59,850 | €77,629 | €45,100 | ▼ 41.9% |
| Amounts receivable after more than one year29 | - | - | - | €18,750 | - | - |
| Other amounts receivable291 | - | - | - | €18,750 | - | - |
| Amounts receivable within one year40/41 | €13,310 | €32,368 | €28,337 | €29,277 | €39,464 | ▲ 34.8% |
| Trade receivables40 | €13,310 | €31,137 | €21,243 | €25,317 | €39,464 | ▲ 55.9% |
| Other amounts receivable41 | - | €1,231 | €7,095 | €3,960 | - | - |
| Cash at bank and in hand54/58 | €18,605 | €15,774 | €31,258 | €29,602 | €5,636 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | - | €2,400 | €254 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,517 | €59,069 | €70,137 | €91,687 | €54,849 | ▼ 40.2% |
| Equity10/15 | €15,394 | €35,455 | €56,364 | €74,815 | €17,313 | ▼ 76.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,460 | €16,850 | €37,759 | €56,209 | €56,209 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,600 | €14,990 | €35,899 | €54,349 | €54,349 | = |
| Profit (loss) carried forward14 | -€6,666 | €5 | €5 | €6 | -€57,496 | ▼ 955,180% |
| Amounts payable17/49 | €24,123 | €23,614 | €13,772 | €16,872 | €37,536 | ▲ 122% |
| Amounts payable after more than one year17 | - | - | - | - | €5,180 | - |
| Financial debts170/4 | - | - | - | - | €5,180 | - |
| Amounts payable within one year42/48 | €24,123 | €23,614 | €13,772 | €16,872 | €32,356 | ▲ 91.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,219 | - |
| Trade debts44 | €2,179 | €9,353 | €8,554 | €12,790 | €18,033 | ▲ 41.0% |
| Suppliers440/4 | €2,179 | €9,353 | €8,554 | €12,790 | €18,033 | ▲ 41.0% |
| Taxes, remuneration and social security45 | €11,431 | €10,999 | €4,108 | €2,438 | €8,176 | ▲ 235% |
| Taxes450/3 | €11,431 | €10,999 | €4,108 | €2,438 | €8,176 | ▲ 235% |
| Other amounts payable47/48 | €10,513 | €3,262 | €1,111 | €1,644 | €2,927 | ▲ 78.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,115 | €20,062 | €28,259 | €20,051 | -€57,502 | ▼ 387% |
| + Depreciation and write-downs630 | €2,064 | €3,018 | €4,149 | €5,999 | €5,869 | ▼ 2.2% |
| Operating cash flow (approximation) | €36,179 | €23,079 | €32,408 | €26,049 | -€51,633 | ▼ 298% |
| Investment in fixed assets (approximation) | - | -€3,942 | -€5,909 | -€9,770 | -€1,560 | ▲ 84.0% |
| Change in cash | - | -€2,830 | €15,484 | -€1,656 | -€23,966 | ▼ 1,347% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€57,502
Net result drops to -€57,502, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.35
Current ratio from 2.14 to 4.35; short-term debt falls from €23,614 to €13,772.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €34,115
Net result €34,115 after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 1.32
Current ratio from 0.18 to 1.32; short-term debt falls from €28,533 to €24,123.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sprimont · 1 establishment unit since 2015
Ground area
1,515 m²
Building footprint
138 m²
Volume, LiDAR
775 m³
Parcel 62067B0485/00N000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APICALIS
since 20152.242.433.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067B0485/00N000 | Wallonia | 1,515 m² | 1 · 138 m² | 7.1 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.
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,124 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)
Founded23-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
82300Organisation of conventions and trade shows
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628814970
Also
9925:BE0628814970
Registered
06-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.