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APLIGEER

Active
Cooperative companyfounded 199926 yrs activeRue Emile Lejeune(GR) 20, 4250 Geer, BelgiumKBO/BCE: BE 0468.573.445
Summary

APLIGEER has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €566,600 and a net result of €21,676. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability48▼-4
Solvency32▲+1
Growth66▲+3
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.68 in 2023; short-term debt: 85.1% and cash: 0.2% of total assets), and 93.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
6.8%
Return on assets
0.3%
Age of the figures
21 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
32 d early
2024
28 d early
2023
40 d early
2022
38 d early
2021
45 d early
2020
46 d early
2019
31 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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 22 December 1999, APLIGEER was incorporated.1 Revenue went from EUR 27 million in 2019 to EUR 31 million in 2024 and headcount from 9.7 to 9.9 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, unclassified schema

Turnover
€31.2m▲ 13.6%
2023 · €27.4m
EBIT margin
1.2%▲ 0.1pp
2023 · 1.1%
Net result
€21,676▲ 43.2%
2023 · €15,136
Working capital
-€2.9m▼ 29.4%
2023 · -€2.3m
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€27.3m-€25.6m▼ 6.2%€26.2m-€27.4m▲ 4.9%€31.2m▲ 13.6%
Operating result€57,381-€62,876▲ 9.6%€52,171-€292,657▲ 461%€370,239▲ 26.5%
Net result€7,951-€9,479▲ 19.2%€5,694-€15,136▲ 166%€21,676▲ 43.2%
EBIT margin0.2%-0.2%=0.2%-1.1%▲ 0.9pp1.2%▲ 0.1pp
Equity€527,433-€537,469▲ 1.9%€533,303-€548,091▲ 2.8%€566,600▲ 3.4%
Total assets€10.5m-€11.4m▲ 8.8%€8.1m-€8.5m▲ 5.0%€8.3m▼ 2.1%
Debt€10.0m-€10.9m▲ 9.1%€7.5m-€7.9m▲ 5.1%€7.7m▼ 2.5%
Working capital-€1.6m--€2.1m▼ 28.2%-€2.6m--€2.3m▲ 12.2%-€2.9m▼ 29.4%
Staff (FTE)9.7-9.2▼ 5.2%9.5-9▼ 5.3%9.9▲ 10.0%
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000€400,000Operating result 2019: €57,381€57,381Net result 2019: €7,951€7,951Operating result 2020: €62,876€62,876Net result 2020: €9,479€9,479Operating result 2022: €52,171€52,171Net result 2022: €5,694€5,694Operating result 2023: €292,657€292,657Net result 2023: €15,136€15,136Operating result 2024: €370,239€370,239Net result 2024: €21,676€21,67620192020202220232024€0€100,000€200,000€300,000€400,000Operating result 2022: €52,171€52,200Net result 2022: €5,694€5,690Operating result 2023: €292,657€293,000Net result 2023: €15,136€15,100Operating result 2024: €370,239€370,000Net result 2024: €21,676€21,700202220232024
The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.3m
Fixed assets €4.2m ▲ 11.7%
Current assets €4.1m ▼ 13.1%
Equity and liabilities €8.3m
Equity €566,600 ▲ 3.4%
Debt €7.7m ▼ 2.5%
Debt's share of the balance-sheet total falls from 93.5% to 93.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.3m▲
2023 · €1.2m
Cash flow
€981,136▲
2023 · €962,110
Current ratio
0.58▼
2023 · 0.68
Quick ratio
0.46▼
2023 · 0.57
Debt to equity
13.60▼
2023 · 14.43
ROE
3.8%▲
2023 · 2.8%
ROA
0.3%▲
2023 · 0.2%
Interest coverage
4.10▼
2023 · 4.76
Debt ≤ 1 year
€7.0m▲
2023 · €7.0m
Debt > 1 year
€668,756▼
2023 · €918,415
Income taxes
€22,593▼
2023 · €28,726
Staff costs
€853,030▲
2023 · €766,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,081 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
2.2% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,081 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 69 lines
Balance sheet Code20232024
Assets
Total assets20/58€8.5m€8.3m▼
Fixed assets21/28€3.7m€4.2m▲
Tangible fixed assets22/27€3.7m€4.2m▲
Land and buildings22€258,884€237,325▼
Plant, machinery and equipment23€440,991€676,873▲
Furniture and vehicles24€3.0m€3.2m▲
Financial fixed assets28€13,787€13,787=
Companies linked by participating interests282/3€13,787€13,787=
Participating interests282€13,787€13,787=
Current assets29/58€4.7m€4.1m▼
Stocks and contracts in progress3€709,759€852,137▲
Stocks30/36€709,759€852,137▲
Raw materials and consumables30/31€709,759€852,137▲
Amounts receivable within one year40/41€3.7m€3.2m▼
Trade receivables40€3.7m€3.2m▼
Other amounts receivable41€2,650€24,559▲
Cash at bank and in hand54/58€289,370€13,599▼
Deferred charges and accrued income490/1€8,624€10,001▲
Equity and liabilities
Total equity and liabilities10/49€8.5m€8.3m▼
Equity10/15€548,091€566,600▲
Contributions10/11€109,006€105,839▼
Reserves13€33,886€33,886=
Non-distributable reserves130/1€33,886-
Reserves not available under the articles1311€33,886-
Distributable reserves133-€33,886
Profit (loss) carried forward14€405,199€426,875▲
Amounts payable17/49€7.9m€7.7m▼
Amounts payable after more than one year17€918,415€668,756▼
Financial debts170/4€918,415€668,756▼
Credit institutions173€918,415€668,756▼
Amounts payable within one year42/48€7.0m€7.0m▲
Current portion of amounts payable after more than one year42€412,798€249,659▼
Financial debts43€2.4m€2.4m=
Credit institutions430/8€2.4m€2.4m=
Trade debts44€3.9m€3.9m▲
Suppliers440/4€3.9m€3.9m▲
Taxes, remuneration and social security45€164,126€138,339▼
Taxes450/3€29,890€25,342▼
Remuneration and social security454/9€134,236€112,997▼
Other amounts payable47/48€120,112€316,709▲
Income statement Code20232024
Operating income70/76A€29.9m€33.7m▲
Turnover70€27.4m€31.2m▲
Other operating income74€2.2m€2.5m▲
Non-recurring operating income76A€268,622€56,517▼
Operating charges60/66A€29.6m€33.4m▲
Goods for resale, raw materials and consumables60€26.4m€30.1m▲
Purchases600/8€26.5m€30.3m▲
Change in stocks: decrease (increase)609-€109,879-€142,377▼
Services and other goods61€1.4m€1.4m▼
Remuneration, social security and pensions62€766,945€853,030▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€946,974€959,460▲
Other operating charges640/8€48,786€56,300▲
Non-recurring operating charges66A€2,089-
Operating profit (loss)9901€292,657€370,239▲
Financial income75/76B€12,950-
Recurring financial income75€12,950-
Other financial income752/9€12,950-
Financial charges65/66B€261,746€325,970▲
Recurring financial charges65€261,746€325,970▲
Debt charges650€260,404€324,474▲
Other financial charges652/9€1,342€1,496▲
Profit (loss) for the period before taxes9903€43,862€44,269▲
Income taxes67/77€28,726€22,593▼
Taxes670/3€28,726€22,593▼
Profit (loss) for the period9904€15,136€21,676▲
Profit (loss) for the period to be appropriated9905€15,136€21,676▲
Appropriation of the result
Profit (loss) to be appropriated9906€405,199€426,875▲
Profit (loss) brought forward from the previous period14P€390,063€405,199▲
Social balance
Average headcount (FTE)90879.09.9▲

The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202220232024Change
Operating income70/76A--€29.1m€29.9m€33.7m▲ 12.9%
Turnover70€27.3m€25.6m€26.2m€27.4m€31.2m▲ 13.6%
Other operating income74--€2.8m€2.2m€2.5m▲ 14.3%
Non-recurring operating income76A--€106,952€268,622€56,517▼ 79.0%
Operating charges60/66A--€29.0m€29.6m€33.4m▲ 12.7%
Goods for resale, raw materials and consumables60--€25.9m€26.4m€30.1m▲ 14.1%
Purchases600/8--€25.9m€26.5m€30.3m▲ 14.1%
Change in stocks: decrease (increase)609---€7,442-€109,879-€142,377▼ 29.6%
Services and other goods61--€1.3m€1.4m€1.4m▼ 4.1%
Remuneration, social security and pensions62--€725,842€766,945€853,030▲ 11.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€803,792€1.0m€1.0m€946,974€959,460▲ 1.3%
Other operating charges640/8--€55,954€48,786€56,300▲ 15.4%
Non-recurring operating charges66A---€2,089--
Operating profit (loss)9901€57,381€62,876€52,171€292,657€370,239▲ 26.5%
Financial income75/76B--€40,452€12,950--
Recurring financial income75€36,013€16,440€40,452€12,950--
Other financial income752/9--€40,452€12,950--
Financial charges65/66B--€70,703€261,746€325,970▲ 24.5%
Recurring financial charges65€84,669€69,800€70,703€261,746€325,970▲ 24.5%
Debt charges650€74,704€68,455€69,418€260,404€324,474▲ 24.6%
Other financial charges652/9--€1,286€1,342€1,496▲ 11.5%
Profit (loss) for the period before taxes9903€8,725€9,517€21,920€43,862€44,269▲ 0.9%
Income taxes67/77€774€38€16,227€28,726€22,593▼ 21.4%
Taxes670/3--€16,227€28,726€22,593▼ 21.4%
Profit (loss) for the period9904€7,951€9,479€5,694€15,136€21,676▲ 43.2%
Profit (loss) for the period to be appropriated9905€7,951€9,479€5,694€15,136€21,676▲ 43.2%
Line20192020202220232024Change
Assets
Total assets20/58€10.5m€11.4m€8.1m€8.5m€8.3m▼ 2.1%
Fixed assets21/28€4.7m€4.3m€3.3m€3.7m€4.2m▲ 11.7%
Tangible fixed assets22/27€4.7m€4.3m€3.3m€3.7m€4.2m▲ 11.7%
Land and buildings22--€280,442€258,884€237,325▼ 8.3%
Plant, machinery and equipment23--€480,935€440,991€676,873▲ 53.5%
Furniture and vehicles24--€2.5m€3.0m€3.2m▲ 7.4%
Financial fixed assets28€13,787€13,787€13,787€13,787€13,787=
Companies linked by participating interests282/3--€13,787€13,787€13,787=
Participating interests282--€13,787€13,787€13,787=
Current assets29/58€5.8m€7.1m€4.8m€4.7m€4.1m▼ 13.1%
Stocks and contracts in progress3€569,887€493,753€599,881€709,759€852,137▲ 20.1%
Stocks30/36--€599,881€709,759€852,137▲ 20.1%
Raw materials and consumables30/31--€599,881€709,759€852,137▲ 20.1%
Amounts receivable within one year40/41€5.2m€6.5m€4.1m€3.7m€3.2m▼ 13.1%
Trade receivables40--€4.1m€3.7m€3.2m▼ 13.7%
Other amounts receivable41--€12€2,650€24,559▲ 827%
Cash at bank and in hand54/58€44,450€99,243€24,172€289,370€13,599▼ 95.3%
Deferred charges and accrued income490/1--€8,460€8,624€10,001▲ 16.0%
Equity and liabilities
Total equity and liabilities10/49€10.5m€11.4m€8.1m€8.5m€8.3m▼ 2.1%
Equity10/15€527,433€537,469€533,303€548,091€566,600▲ 3.4%
Contributions10/11€111,566€112,124€109,353€109,006€105,839▼ 2.9%
Capital10--€109,353---
Issued capital100--€188,723---
Uncalled capital101--€79,370---
Reserves13€33,886€33,886€33,886€33,886€33,886=
Non-distributable reserves130/1--€33,886€33,886--
Legal reserve130--€33,886---
Reserves not available under the articles1311---€33,886--
Distributable reserves133----€33,886-
Profit (loss) carried forward14€381,981€391,460€390,063€405,199€426,875▲ 5.3%
Amounts payable17/49€10.0m€10.9m€7.5m€7.9m€7.7m▼ 2.5%
Amounts payable after more than one year17€2.5m€1.7m€172,750€918,415€668,756▼ 27.2%
Financial debts170/4--€172,750€918,415€668,756▼ 27.2%
Credit institutions173--€172,750€918,415€668,756▼ 27.2%
Amounts payable within one year42/48€7.5m€9.2m€7.3m€7.0m€7.0m▲ 0.7%
Current portion of amounts payable after more than one year42--€711,090€412,798€249,659▼ 39.5%
Financial debts43--€2.4m€2.4m€2.4m=
Credit institutions430/8--€2.4m€2.4m€2.4m=
Trade debts44€3.9m€5.6m€4.0m€3.9m€3.9m▲ 1.1%
Suppliers440/4--€4.0m€3.9m€3.9m▲ 1.1%
Taxes, remuneration and social security45--€114,125€164,126€138,339▼ 15.7%
Taxes450/3--€20,619€29,890€25,342▼ 15.2%
Remuneration and social security454/9--€93,506€134,236€112,997▼ 15.8%
Other amounts payable47/48--€130,875€120,112€316,709▲ 164%
Line20192020202220232024Change
Profit (loss) for the period9904€7,951€9,479€5,694€15,136€21,676▲ 43.2%
+ Depreciation and write-downs630€803,792€1.0m€1.0m€946,974€959,460▲ 1.3%
Operating cash flow (approximation)€811,742€1.0m€1.0m€962,110€981,136▲ 2.0%
Investment in fixed assets (approximation)--€651,191--€1.4m-€1.4m▼ 0.3%
Change in cash-€54,793-€265,198-€275,771▼ 204%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial Highest result since 2019net €21,676 ▲43.2%
Operating result €370,239, net result €21,676, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema
21-06
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
2023
23-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €5,694 ▼39.9%
Net result drops to €5,694, the lowest in the series; recovery starts the following year.
16-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts

We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
20 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, Geer · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
9.1 ha
Building footprint
2,482 m²
Volume, LiDAR
21,649 m³
Parcel 64029A0169/00W000, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Emile Lejeune(GR) 20, 4250 Geer
Growing of cereals (except rice), leguminous crops and oil seeds
since 20002.093.710.158
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64029A0169/00W000 Wallonia 9.1 ha 1 · 2,482 m² 14.2 m · 3 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Owners 1

Holdings 1

According to the 2024 annual accounts of APLIGEER and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Geer2.093.710.158
2 permissions
Groententeeltbedrijf · since 01-05-2015
Toelating · Groothandel groenten en fruit · since 01-01-2006

Similar companies · same sector, comparable size

Of 3,623 companies in sector 01130 we hold annual accounts for 789. 614 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCooperative company
Founded22-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
46319Wholesale of fruit and vegetables, excluding potatoes
10393Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0468573445
Registered 18-11-2025

Register as of 27 September 2026 · Peppol Directory

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