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APIMEX distribution

Active
Private limited companyfounded 201213 yrs activeKoning Albert II-laan 4, 1000 Brussel, BelgiumKBO/BCE: BE 0508.788.061
Summary

The computed 12-month bankruptcy probability of APIMEX distribution is 4.9% (elevated). The 2024 annual accounts show equity of €121,293 and a net result of €60,618. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 6131 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
APIMEX distributionActiveChecked score 39/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46360
1 site
Size
€1.3mtotal assets 2024
Staff
0.6 FTE
Equity
€121,293
Profit
€60,618
Financial health
39 Weak Checked score 2024
Bankruptcy chance 12 m
4.9%
Structure
Accounts 67 d overdue0 of 5 deeds read
Why 39- Figures for FY 2024 (filed 09-10-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late+ Founded in 2012Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 50% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 34+2
equity 9.2% of total assets
Liquidity 24+12
short-term debt 90.2% · cash 19.3%
Profitability 74+24
return on assets 4.6%
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 1.0%▲ +96.5% vs 11-2024 01-2025: 1.0%▼ -0.6% vs 12-2024 02-2025: 1.0%▲ +1.5% vs 01-2025 03-2025: 1.0%▲ +1.7% vs 02-2025 04-2025: 1.1%▲ +9.3% vs 03-2025 05-2025: 1.4%▲ +25.4% vs 04-2025 06-2025: 1.6%▲ +11.0% vs 05-2025 07-2025: 1.7%▲ +8.7% vs 06-2025 08-2025: 2.3%▲ +35.3% vs 07-2025 09-2025: 2.9%▲ +22.6% vs 08-2025 10-2025: 4.8%▲ +68.6% vs 09-2025 11-2025: 1.4%▼ -70.8% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%▼ -0.6% vs 12-2025 02-2026: 1.4%▲ +1.8% vs 01-2026 03-2026: 1.4%▲ +1.5% vs 02-2026 04-2026: 1.4%▼ -1.9% vs 03-2026 05-2026: 1.6%▲ +15.5% vs 04-2026 06-2026: 1.8%▲ +8.1% vs 05-2026 07-2026: 2.0%▲ +10.5% vs 06-2026 08-2026: 2.6%▲ +30.3% vs 07-2026 09-2026: 3.2%▲ +24.5% vs 08-2026 10-2026: 4.9%▲ +55.1% vs 09-2026highest value
  • Figures for FY 2024 (filed 09-10-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Founded in 2012 lowers the probability for this profile
  • 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late raises the probability
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.06 in 2023; short-term debt: 90.2% and cash: 19.3% of total assets), and 90.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 23%, liquidity 22%, profitability 62%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 09-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Founded in 2012
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 6131 sector peers (2024).
NBB · sector comparison
Position among 6131 sector peers
Solvency
better than 14%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €121,293
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2023
30 d late
2022
114 d late
2021
31 d late
2020
90 d late
2019
66 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 67 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Equity above €100,000Eq €121,293 ▲99.9%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Result rose in 2024from €4,436 to €60,618 ▲ 1,267% View
  • Caution: Among the weakest 14% on solvencysector median 42.0% · 6,131 companies 9.2% View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View

By topic

Financials

Fiscal year
2024
Total assets
€1.3m
Profit
€60,618
Solvency
9.2%
Total assets▲ 52.1%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 09-10-2025Annual accounts filed
  2. 31-12-2024Equity above €100,000
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46360
Founded
28-12-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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