APK
ActiveSummary
APK has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,877 and a net result of €16,666. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 26041 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+27
Solvency79▲+14
Growth76▲+17
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.51 in 2023; short-term debt: 46.4% and cash: 22.2% of total assets), and 46.4% 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
53.6%
Return on assets
11.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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
not confirmed
2024
90 d late
2023
91 d late
2022
152 d late
2020
208 d late
2019
573 d late
2018
98 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 202 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 (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€498,777▲ 16.2%
2020 · €429,147
EBIT margin
1.3%▼ 2.4pp
2020 · 3.7%
Net result
€16,666
2023 · -€16,280
Working capital
€54,396▲ 34.0%
2023 · €40,608
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
Line20192020202220232024
Turnover€346,642▲ 8.5%€429,147▲ 23.8%€498,777-
Operating result€7,955▼ 10.9%€15,733▲ 97.8%€6,293--€5,694€23,552
Net result€302▼ 38.2%€9,265▲ 2,969%-€4,373--€16,280▼ 272%€16,666
EBIT margin2.3%▼ 0.5pp3.7%▲ 1.4pp1.3%-
Equity€56,660▲ 0.5%€65,925▲ 16.4%€79,492-€63,211▼ 20.5%€79,877▲ 26.4%
Total assets€91,696▼ 17.1%€89,081▼ 2.9%€164,923-€158,475▼ 3.9%€148,890▼ 6.0%
Debt€35,036▼ 35.4%€23,156▼ 33.9%€85,432-€95,263▲ 11.5%€69,013▼ 27.6%
Working capital€35,566▼ 9.6%€43,759▲ 23.0%€70,828-€40,608▼ 42.7%€54,396▲ 34.0%
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: €23,552 after a loss of €5,694 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,890
Fixed assets
€25,481 ▼ 33.3%
Current assets
€123,408 ▲ 2.6%
Equity and liabilities €148,890
Equity
€79,877 ▲ 26.4%
Debt
€69,013 ▼ 27.6%
Debt's share of the balance-sheet total falls from 60.1% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,806▲
2023 · €10,275
Cash flow
€27,919▲
2023 · -€312
Current ratio
1.79▲
2023 · 1.51
Quick ratio
1.71▲
2023 · 1.45
Debt to equity
0.86▼
2023 · 1.51
ROE
20.9%▲
2023 · -25.8%
ROA
11.2%▲
2023 · -10.3%
Interest coverage
88.31▲
2023 · 20.72
Debt ≤ 1 year
€69,013▼
2023 · €79,672
Income taxes
€6,492▼
2023 · €10,091
Staff costs
€30,711▼
2023 · €31,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €346,642 | €429,147 | €498,777 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €1 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €468,416 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €23,611 | €31,119 | €30,711 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,514 | €10,030 | €12,785 | €15,968 | €11,253 | ▼ 29.5% |
| Other operating charges640/8 | - | - | €2,492 | €719 | €285 | ▼ 60.3% |
| Non-recurring operating charges66A | - | - | - | €1,918 | - | - |
| Gross operating margin9900 | €32,456 | €34,128 | €45,182 | €44,031 | €65,802 | ▲ 49.4% |
| Operating profit (loss)9901 | €7,955 | €15,733 | €6,293 | -€5,694 | €23,552 | ▲ 514% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €661 | €496 | €394 | ▼ 20.5% |
| Recurring financial charges65 | €757 | €460 | €661 | €496 | €394 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €4,033 | €14,149 | €5,632 | -€6,190 | €23,158 | ▲ 474% |
| Income taxes67/77 | €3,731 | €4,885 | €10,005 | €10,091 | €6,492 | ▼ 35.7% |
| Profit (loss) for the period9904 | €302 | €9,265 | -€4,373 | -€16,280 | €16,666 | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €302 | €9,265 | -€4,373 | -€16,280 | €16,666 | ▲ 202% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,696 | €89,081 | €164,923 | €158,475 | €148,890 | ▼ 6.0% |
| Fixed assets21/28 | €33,287 | €26,256 | €48,791 | €38,195 | €25,481 | ▼ 33.3% |
| Tangible fixed assets22/27 | €32,797 | €25,766 | €48,301 | €37,705 | €24,991 | ▼ 33.7% |
| Plant, machinery and equipment23 | - | - | €7,568 | €5,768 | €3,968 | ▼ 31.2% |
| Furniture and vehicles24 | - | - | €33,533 | €27,337 | €19,024 | ▼ 30.4% |
| Other tangible fixed assets26 | - | - | €7,200 | €4,600 | €2,000 | ▼ 56.5% |
| Financial fixed assets28 | €490 | €490 | €490 | €490 | €490 | = |
| Current assets29/58 | €58,409 | €62,824 | €116,133 | €120,280 | €123,408 | ▲ 2.6% |
| Stocks and contracts in progress3 | €5,435 | €4,787 | €4,176 | €4,726 | €5,276 | ▲ 11.6% |
| Stocks30/36 | - | - | €4,176 | €4,726 | €5,276 | ▲ 11.6% |
| Amounts receivable within one year40/41 | €43,466 | €45,807 | €90,439 | €105,396 | €81,796 | ▼ 22.4% |
| Trade receivables40 | - | - | €176 | €6,216 | €10,744 | ▲ 72.8% |
| Other amounts receivable41 | - | - | €90,263 | €99,179 | €71,052 | ▼ 28.4% |
| Cash at bank and in hand54/58 | €6,243 | €8,929 | €18,217 | €6,858 | €33,036 | ▲ 382% |
| Deferred charges and accrued income490/1 | - | - | €3,301 | €3,301 | €3,301 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,696 | €89,081 | €164,923 | €158,475 | €148,890 | ▼ 6.0% |
| Equity10/15 | €56,660 | €65,925 | €79,492 | €63,211 | €79,877 | ▲ 26.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €12,400 | - | - | - |
| Reserves13 | €2,228 | €2,228 | €2,228 | €2,228 | €2,228 | = |
| Non-distributable reserves130/1 | - | - | €2,228 | €2,228 | €2,228 | = |
| Legal reserve130 | - | - | €2,228 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,228 | €2,228 | = |
| Profit (loss) carried forward14 | €48,232 | €57,497 | €71,064 | €54,783 | €71,449 | ▲ 30.4% |
| Amounts payable17/49 | €35,036 | €23,156 | €85,432 | €95,263 | €69,013 | ▼ 27.6% |
| Amounts payable after more than one year17 | €12,193 | €4,090 | €40,127 | €15,592 | - | - |
| Financial debts170/4 | - | - | €40,127 | €15,592 | - | - |
| Amounts payable within one year42/48 | €22,843 | €19,066 | €45,305 | €79,672 | €69,013 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,331 | €15,592 | ▲ 26.4% |
| Trade debts44 | €7,851 | €5,739 | €28,193 | €45,376 | €44,126 | ▼ 2.8% |
| Suppliers440/4 | - | - | €28,193 | €45,376 | €44,126 | ▼ 2.8% |
| Taxes, remuneration and social security45 | - | - | €17,112 | €21,965 | €9,295 | ▼ 57.7% |
| Taxes450/3 | - | - | €8,453 | €9,153 | €171 | ▼ 98.1% |
| Remuneration and social security454/9 | - | - | €8,659 | €12,813 | €9,125 | ▼ 28.8% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €302 | €9,265 | -€4,373 | -€16,280 | €16,666 | ▲ 202% |
| + Depreciation and write-downs630 | €9,514 | €10,030 | €12,785 | €15,968 | €11,253 | ▼ 29.5% |
| Operating cash flow (approximation) | €9,816 | €19,295 | €8,412 | -€312 | €27,919 | ▲ 9,051% |
| Investment in fixed assets (approximation) | - | -€3,000 | - | -€5,373 | €1,460 | ▲ 127% |
| Change in cash | - | €2,686 | - | -€11,359 | €26,178 | ▲ 330% |
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
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Back to profitnet €16,666
Net result €16,666 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Weakest financial yearnet -€16,280
Net result drops to -€16,280, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 208 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 573 days late
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 98 days late
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 419 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 315 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 298 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schaarbeek · 1 establishment unit since 2009
Ground area
229 m²
Building footprint
133 m²
Volume, LiDAR
1,628 m³
Parcel 21906D0414/00E000, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
APK
since 20092.180.491.506
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0414/00E000 | Brussels | 229 m² | 1 · 133 m² | 17.8 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.180.491.506
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,368 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
Founded31-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
10120Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817496501
Also
9925:BE0817496501
Registered
11-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.