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ApiEngi

Active Private limited company (pre-2019)founded 2012active for 14 yearsKoning Albertlaan 204, 1120 BrusselsKBO/BCE: BE 0846.845.533
ApiEngi
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Overview

Lifetime

13 annual accounts with figures on one time axis
peak €73,047 (2022)
€42,592▲ 1.3%
lowest -€29,512 (2023)
€17,959▼ 9.6%
peak €100,486 (2022)
€82,796▼ 8.9%
€74,666▼ 14.4%
Board1 name since 2021
1 directorSAND Xavier
Documentsfilings and deeds
24-09-202655 days late
2025micro format
A quiet year: no large shift against the year before.

Key points

from the 2025 annual accounts

Turnover

≈ €140,000 estimated

The micro format states no turnover.

Filings

13 annual accounts since 2013
AprilJune31 JulyOctober201520202025

Seven of the last ten came late. The 2018 accounts came latest: 152 days after the end of the period.

Checked score

93
Excellent
Financially stronger than 45% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.4%▲ +0.1 percentage points vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025highest value 12-2025: 0.2%▼ -0.2 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

78+2equity 52.6% of total assets
77=short-term debt 47.4% · cash 43.4%
83=return on assets 11.4%

Score breakdown

raises risk
Last filed accounts filed 55 days late; 3 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.88, cash €68,374
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €82,796 (52.6% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 45% of them on solvency, 60% on liquidity, 44% on profitability and 32% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as ApiEngi has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of ApiEngi itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,693 companies, not a prediction for ApiEngi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €7,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.88 (1.7 in 2024), above the usual 1.5. Short-term debt is 47.4% and cash 43.4% of total assets. 47.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 55 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.88, cash €68,374
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Equity €82,796 (52.6% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
55 days late
2024
92 days late
2023
31 days late
2022
31 days late
2021
on the day
2020
59 days late
2019
92 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SX
SAND Xavier
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0846845533
First establishment Koning Albertlaan 204, Brussels
Incorporation published on 28-06-2012 · Gazette deed
All 19 events

Comparable companies

same main activity, similar in size and age
Company
ApiEngi Brussels €157,463 €42,592 52.6% -
TS CONSULT Molenbeek-Saint-Jean €139,058 €43,513 42.4% -
Blue Iron Consulting Molenbeek-Saint-Jean €178,314 €44,726 89.3% -
STEINBACH Schaerbeek €135,079 €45,979 6.0% -
Nflow Laarne €162,707 €41,115 70.0% -
FENSCO Aarschot €159,736 €37,321 42.0% -
NOELIS Temse €163,171 €48,006 85.3% -

These companies have the same main activity as ApiEngi: computer programming (NACE 62100). They are comparable in size and age: total assets between €135,000 and €178,000, founded between 2010 and 2013.

Official details

Source: KBO
Status
Active since 26-06-2012Normal situation
Activity
Computer programmingNACE 62100and 5 others
Establishment unit
2.210.612.6771120 Brussels, since 09-07-2012
Financial year end
31 December
Peppol
Reachable since 15-01-2026
Company details

Annual accounts 2025

€42,592▲ 1.3%
€17,959▼ 9.6%
€82,796▼ 8.9%
€157,463▼ 11.6%
Filing
Filed on 24-09-2026
Financials

Insights on ApiEngi

ApiEngi files the micro format. That format states no turnover. The gross margin fell from €70,475 in 2013 to €42,592 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 24-09-2026, 55 days late
€42,592
▲ 1.3%
€24,507
▲ 4.6%
€17,959
▼ 9.6%
€65,375
▲ 11.0%
52.6%
▲ 1.6 percentage points
1.88
▲ 0.18

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €110,000 and €190,000.

Balance sheet

balance sheet total €157,463 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

52.6%

Higher than 43% of 21,208 companies in 2025.

1.88

Higher than 41% of 20,571 companies in 2025.

11.4%

Higher than 38% of 20,746 companies in 2025.

ApiEngi Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 157,463178,096160,330224,052160,36687,914151,096124,80056,24378,417121,775139,72394,442
21/28 17,42234,63739,89240,46443,86011,0517,5886,9224,4786,19713,23620,7285,359
21 11,74421,75519,32217,89313,3215,448-------
22/27 5,67712,88320,56922,57030,5395,6037,5886,9224,4786,19713,23620,7285,359
23 ---6872,1023,5705,0386,9224,4266,0058,49811,0853,417
24 5,67712,88320,56921,88428,4362,0332,550-521924,7389,6431,942
29/58 140,041143,459120,439183,589116,50676,863143,508117,87851,76572,220108,539118,99589,083
3 ----------3002,667-
30/36 ----------3002,667-
40/41 71,13352,9527,70347,17523,32646,30968,00657,19426,71215,85955,28520,93836,222
40 60,18351,1547,70345,93422,08538,86861,45554,81223,85315,85955,28519,93336,222
41 10,9501,798-1,2411,2417,4416,5512,3822,859--1,006-
54/58 68,37490,350112,690136,35792,28029,98674,88560,02024,28355,59852,28094,89152,800
490/1 534157465690056861766477176467449861
Balance sheet: equity and liabilities
10/49 157,463178,096160,330224,052160,36687,914151,096124,80056,24378,417121,775139,72394,442
10/15 82,79690,83870,975100,48656,89035,86934,53530,57113,82513,54113,42611,63610,370
10/11 6,2026,2026,2026,2026,2026,2026,2026,2026,2026,2026,2026,2026,202
100 ------18,60018,60018,60018,60018,60018,60018,600
101 ------12,39812,39812,39812,39812,39812,39812,398
11 -6,2026,2026,2026,2026,202-------
1109/19 -6,2026,2026,2026,2026,202-------
13 72,26080,36060,86060,86048,86027,86017,86017,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860-------
130 -----1,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,860--------
133 70,40078,50059,00059,00047,00026,00016,00016,000-----
14 4,3344,2753,91233,4241,8281,80610,4736,5095,7625,4785,3643,5732,308
17/49 74,66687,25889,356123,566103,47652,046116,56194,22942,41864,876108,348128,08884,072
17 -2,6767,97113,20918,375--------
170/4 -2,6767,97113,20918,375--------
42/48 74,66684,58281,385110,35785,10152,046116,56194,22942,41864,876108,348127,97482,872
42 2,6765,2955,2385,1665,100--------
44 44,34143,98446,70548,66351,55433,36263,38328,4492,3251,25140,44584,1759,796
440/4 44,34143,98446,70548,66351,55433,36263,38328,4492,3251,25140,44584,1759,796
45 27,64925,67425,05933,93321,56218,66321,80042,40812,8265,54555,43127,43924,618
450/3 27,64925,67425,05933,93321,56218,66319,28026,20812,8265,54521,68127,43924,618
454/9 ------2,52016,200--33,750--
47/48 -9,6304,38322,5956,8852031,37823,37227,26758,08012,47216,36148,458
492/3 -----------1131,200
Income statement
76A --122506---------
9900 42,59242,042-11,72173,04740,57220,7937,57125,3649,91818,58910,29222,33870,475
630 17,21517,69715,22313,7008,9143,3471,9201,4601,7197,9538,0078,3393,284
631/4 -----59-------
640/8 8709171,0689501,12955734835337945944127898
9901 24,50723,428-28,01358,39830,53016,8315,30323,5517,82010,1771,84413,72167,094
75/76B 1,589919204912339-875677095916
75 1,589919204912339-875677095916
65/66B 2571,0906723331,2611771191102465509
65 2571,0906723331,2611771191102465509
9903 25,83923,257-28,48058,07429,28016,9925,18423,5487,8959,9982,49813,78067,101
67/77 7,8803,3941,03114,4778,2594,9591,2206,8012,6113,3847084,51522,933
9904 17,95919,863-29,51243,59621,02112,0333,96416,7475,2846,6151,7919,26544,168
9905 17,95919,863-29,51243,59621,02112,0333,96416,7475,2846,6151,7919,26544,168
Appropriation of the result
9906 22,23423,7753,91245,42422,82822,50610,47322,50910,76211,9785,36411,57344,168
14P 4,2753,91233,4241,8281,806--------
791/2 26,000------------
691/2 17,90019,500-12,00021,00010,000-16,000----1,860
6920 ------------1,860
6921 17,90019,500-12,00021,00010,000-16,000-----
694/7 26,000----10,700--5,0006,500-8,00040,000
694 -----10,700--5,0006,500-8,00040,000
695 26,000------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 55 days after the deadline. Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00525285.

Financial year Type Filed Reference Document
31-12-2025 micro format 24-09-2026 2026-00525285 PDF
31-12-2024 micro format 31-10-2025 2025-00562827 PDF
31-12-2023 micro format 31-08-2024 2024-00432954 PDF
31-12-2022 micro format 31-08-2023 2023-00424574 PDF
31-12-2021 micro format 31-07-2022 2022-20276143 PDF
31-12-2020 micro format 28-09-2021 2021-68900481 PDF
31-12-2019 micro format 31-10-2020 2020-68700175 PDF
31-12-2018 micro format 30-12-2019 2019-78000586 PDF
31-12-2017 micro format 21-06-2018 2018-21700490 PDF
31-12-2016 micro format 25-07-2017 2017-36900011 PDF
31-12-2015 full format 16-09-2016 2016-60500176 PDF
31-12-2014 full format 14-08-2015 2015-43800299 PDF
31-12-2013 full format 11-06-2014 2014-17000429 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
41,72341,125-12,78972,09739,44320,1787,22325,0119,53918,1309,85122,06070,377
35,17437,560-14,28857,29629,93515,3805,88418,2077,00314,5689,79717,60447,451
012,44214,65110,30341,7226,8102,5863,904091451423,7098,643
-21,976-22,340-23,66744,07762,294-44,89914,86535,737-31,3163,318-42,61142,091-
65,37558,87639,05473,23231,40524,81726,94723,6499,3477,344190-8,9806,211
52.6%51.0%44.3%44.8%35.5%40.8%22.9%24.5%24.6%17.3%11.0%8.3%11.0%
1.881.701.481.661.371.481.231.251.221.111.000.931.07
1.881.701.481.661.371.481.231.251.221.111.000.911.07
0.900.961.261.231.821.453.383.083.074.798.0711.018.11
21.7%21.9%-41.6%43.4%37.0%33.5%11.5%54.8%38.2%48.8%13.3%79.6%425.9%
11.4%11.2%-18.4%19.5%13.1%13.7%2.6%13.4%9.4%8.4%1.5%6.6%46.8%
over 10037.73-19.03over 10031.28--------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€5,700-€30,178
Intangible fixed assets-€12,442€8,951€10,303€11,544
€17,215€17,697€15,223€13,700€8,914

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ApiEngi

The operating result for 2025 is 5% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 49.0% to 47.4%. Equity and debt are lower.

Board & ownership

Board

1 director
SAND Xavier
Director
listed in the 2025 annual accounts, filed on 24-09-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
SAND Xavier
Director
Boardmandate already running before its first mention
Mandates as a list
  • SAND Xavier
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,202.46
Source
2025 annual accounts

Network & group

No group

ApiEngi has no parent and no holdings in its annual accounts. SAND Xavier is the only director. ApiEngi shares no director with another company.

Timeline

Timeline

19 events since 2012

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 55 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0846845533
2025
Annual accounts 2024 filed PDFmicro format · 92 days late
2024
Back to profit net €19,863 The net result is €19,863, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 31 days late
2023
Weakest financial year net -€29,512 The net result drops to -€29,512, the lowest from 2013 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Equity above €100,000 equity €100,486 ▲76.6% With a profit in every financial year since 2013, equity grows to €100,486.
Annual accounts 2021 filed PDFmicro format · on the deadline day
2021
Annual accounts 2020 filed PDFmicro format · 59 days late
2020
Annual accounts 2019 filed PDFmicro format · 92 days late
2019
Annual accounts 2018 filed PDFmicro format · 152 days late
2018
Annual accounts 2017 filed PDFmicro format · 40 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 6 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 47 days late
2015
Annual accounts 2014 filed PDFfull format · 14 days late
2014
Annual accounts 2013 filed PDFfull format · 50 days before the deadline
2012
First establishment Koning Albertlaan 204, Brussels
Incorporation PDFpublished on 28-06-2012

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 26 June 2012, ApiEngi was incorporated.1 Total assets went from €124,800 in 2018 to €157,463 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0846.845.533
VAT number
BE 0846.845.533
Peppol ID
0208:0846845533
Other Peppol ID
9925:BE0846845533
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
26-06-2012
Financial year
ends on 31 December
Peppol
Reachable since 15-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ApiEngi in French
Entity type
Legal entity

Activities

NACEBEL 2025
62100 Computer programming main activity
33130 Repair, maintenance and installation of machinery and equipment
43211 General electrical installation work
46190 Agents in non-specialised wholesale trade
46500 Wholesale of information and communication equipment
47400 Retail sale of information and communication equipment
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
33130 Repair, maintenance and installation of machinery and equipment
43211 Specialised construction activities
46190 Wholesale trade
46660 Wholesale trade
47410 Retail trade

Registered office and establishments

1 establishment
Establishment Since Unit number
Koning Albertlaan 204 registered office 1120 Brussels 09-07-2012 2.210.612.677

Buildings and parcels at the address

Ground area
210 m²
Buildings
88 m²
Volume, LiDAR
716 m³
Tallest building
14.4 m
Buildings to scale, each on its own parcel
88 m², 14.4 m 88 m², 14.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21819C0086/00S002210 m² 1 · 88 m² 14.4 m · 4

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0846.845.533

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