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APICO

Active
Private limited companyfounded 20241 yr activeChemin de la Chabotte (Petithan) 3, 6940 Durbuy, BelgiumKBO/BCE: BE 1014.486.277
Summary

The computed 12-month bankruptcy probability of APICO is 1.7% (moderate). The 2025 annual accounts show equity of €39,215 and a net result of €54,215. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency89
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.63; short-term debt: 36.2% and cash: 10.6% of total assets), and 36.2% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.8%
Return on assets
88.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
3 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 October 2024, APICO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€39,215
Total assets
€61,456
Net result
€54,215
Working capital
€36,219

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €61,456
Fixed assets €3,013
Current assets €58,443
Equity and liabilities €61,456
Equity €39,215
Debt €22,242
Debt finances 36.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€73,804
Cash flow
€54,604
Current ratio
2.63
Debt to equity
0.57
ROE
138.3%
ROA
88.2%
Interest coverage
1615.67
Debt ≤ 1 year
€22,224
Income taxes
€19,174
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€61,456
Fixed assets21/28€3,013
Tangible fixed assets22/27€3,013
Furniture and vehicles24€583
Other tangible fixed assets26€2,430
Current assets29/58€58,443
Amounts receivable within one year40/41€675
Trade receivables40€228
Other amounts receivable41€447
Cash at bank and in hand54/58€6,485
Deferred charges and accrued income490/1€51,284
Equity and liabilities
Total equity and liabilities10/49€61,456
Equity10/15€39,215
Contributions10/11€3,000
Reserves13€36,215
Distributable reserves133€36,215
Profit (loss) carried forward14€0
Amounts payable17/49€22,242
Amounts payable within one year42/48€22,224
Trade debts44€419
Suppliers440/4€419
Taxes, remuneration and social security45€3,621
Taxes450/3€3,621
Other amounts payable47/48€18,184
Accrued charges and deferred income492/3€18
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€389
Other operating charges640/8€1,820
Gross operating margin9900€75,623
Operating profit (loss)9901€73,415
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€46
Recurring financial charges65€46
Profit (loss) for the period before taxes9903€73,389
Income taxes67/77€19,174
Profit (loss) for the period9904€54,215
Profit (loss) for the period to be appropriated9905€54,215
Appropriation of the result
Profit (loss) to be appropriated9906€54,215
Transfer to equity691/2€36,215
To other reserves6921€36,215
Profit to be distributed694/7€18,000
Return on contributions (dividend)694€18,000

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€389
Other operating charges640/8€1,820
Gross operating margin9900€75,623
Operating profit (loss)9901€73,415
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€46
Recurring financial charges65€46
Profit (loss) for the period before taxes9903€73,389
Income taxes67/77€19,174
Profit (loss) for the period9904€54,215
Profit (loss) for the period to be appropriated9905€54,215
Line2025
Assets
Total assets20/58€61,456
Fixed assets21/28€3,013
Tangible fixed assets22/27€3,013
Furniture and vehicles24€583
Other tangible fixed assets26€2,430
Current assets29/58€58,443
Amounts receivable within one year40/41€675
Trade receivables40€228
Other amounts receivable41€447
Cash at bank and in hand54/58€6,485
Deferred charges and accrued income490/1€51,284
Equity and liabilities
Total equity and liabilities10/49€61,456
Equity10/15€39,215
Contributions10/11€3,000
Reserves13€36,215
Distributable reserves133€36,215
Profit (loss) carried forward14€0
Amounts payable17/49€22,242
Amounts payable within one year42/48€22,224
Trade debts44€419
Suppliers440/4€419
Taxes, remuneration and social security45€3,621
Taxes450/3€3,621
Other amounts payable47/48€18,184
Accrued charges and deferred income492/3€18
Line2025
Profit (loss) for the period9904€54,215
+ Depreciation and write-downs630€389
Operating cash flow (approximation)€54,604

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Durbuy · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
6,103 m²
Building footprint
135 m²
Parcel 83016B0400/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin de la Chabotte (Petithan) 3, 6940 Durbuy
Specialist medical practice
since 20242.364.997.877
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
83016B0400/00A000 Wallonia 6,103 m² 1 · 135 m² -
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.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-10-2024
Fiscal year end31-12

Scores and ratios are computed by Checked and are not a credit decision.