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APLV

Active
Private limited companyfounded 20233 yrs activeSint-Amandsesteenweg(BOR) 212, 2880 Bornem, BelgiumKBO/BCE: BE 0798.610.797
Summary

The computed 12-month bankruptcy probability of APLV is 3.4% (moderate). The 2024 annual accounts show negative equity (-€50,607) and a net result of -€55,141. Its solvency ranks better than 8% of 9634 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability3▲+3
Solvency13▼-16
Growth32
Track record94
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.88 in 2023; short-term debt: 44.3% and cash: 2.4% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-11.9%
Return on assets
-13%
Age of the figures
21 mo
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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€50,607
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 26-06-2026, 35 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
35 d early
2024
15 d early
2023
19 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 13 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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 18 February 2023, APLV was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2024, abbreviated schema

Equity
-€50,607
2023 · €4,534
Total assets
€424,386▲ 272%
2023 · €114,187
Net result
-€55,141▼ 169%
2023 · -€20,466
Working capital
-€176,454▼ 1,679%
2023 · -€9,917
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€20,249--€44,385▼ 119%
Net result-€20,466below the sector's middle half--€55,141below the sector's middle half▼ 169%
Equity€4,534within the sector's middle half--€50,607below the sector's middle half
Total assets€114,187within the sector's middle half-€424,386below the sector's middle half▲ 272%
Debt€109,652-€474,992▲ 333%
Working capital-€9,917within the sector's middle half--€176,454below the sector's middle half▼ 1,679%
Solvency4.0%within the sector's middle half--11.9%below the sector's middle half▼ 15.9pp
Current ratio0.88within the sector's middle half-0.06below the sector's middle half▼ 0.82
Return on assets (ROA)-17.9%below the sector's middle half--13.0%below the sector's middle half▲ 4.9pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2023: -€20,249-€20,249Net result 2023: -€20,466-€20,466Operating result 2024: -€44,385-€44,385Net result 2024: -€55,141-€55,14120232024-€60,000-€40,000-€20,000€0Operating result 2023: -€20,249-€20,200Net result 2023: -€20,466-€20,500Operating result 2024: -€44,385-€44,400Net result 2024: -€55,141-€55,10020232024
The operating result stays negative: a loss of €44,385 in 2024 against €20,249 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424,386
Fixed assets €412,963 ▲ 947%
Current assets €11,423 ▼ 84.7%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€23,833▼
2023 · -€18,054
Cash flow
-€34,590▼
2023 · -€18,271
Debt to equity
-9.39▼
2023 · 24.18
Interest coverage
-2.21▲
2023 · -82.06
Debt ≤ 1 year
€187,877▲
2023 · €84,652
Debt > 1 year
€287,115▲
2023 · €25,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€114,187€424,386▲
Fixed assets21/28€39,451€412,963▲
Intangible fixed assets21€33,082€29,582▼
Tangible fixed assets22/27€6,369€383,381▲
Land and buildings22-€246,900
Plant, machinery and equipment23€2,441€129,847▲
Furniture and vehicles24€3,927€6,634▲
Current assets29/58€74,736€11,423▼
Amounts receivable within one year40/41€23,675€1,424▼
Trade receivables40€23,000€0▼
Other amounts receivable41€675€1,424▲
Cash at bank and in hand54/58€50,876€9,999▼
Deferred charges and accrued income490/1€185€0▼
Equity and liabilities
Total equity and liabilities10/49€114,187€424,386▲
Equity10/15€4,534-€50,607▼
Contributions10/11€25,000€25,000=
Capital10€25,000-
Issued capital100€25,000-
Profit (loss) carried forward14-€20,466-€75,607▼
Amounts payable17/49€109,652€474,992▲
Amounts payable after more than one year17€25,000€287,115▲
Financial debts170/4€25,000€287,115▲
Amounts payable within one year42/48€84,652€187,877▲
Current portion of amounts payable after more than one year42-€17,595
Other amounts payable47/48€84,652€170,282▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,195€20,551▲
Other operating charges640/8€428€1,290▲
Gross operating margin9900-€17,626-€22,544▼
Operating profit (loss)9901-€20,249-€44,385▼
Financial income75/76B€3€16▲
Recurring financial income75€3€16▲
Financial charges65/66B€220€10,773▲
Recurring financial charges65€220€10,773▲
Profit (loss) for the period before taxes9903-€20,466-€55,141▼
Profit (loss) for the period9904-€20,466-€55,141▼
Profit (loss) for the period to be appropriated9905-€20,466-€55,141▼
Appropriation of the result
Profit (loss) to be appropriated9906-€20,466-€75,607▼
Profit (loss) brought forward from the previous period14P--€20,466

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,195€20,551▲ 836%
Other operating charges640/8€428€1,290▲ 201%
Gross operating margin9900-€17,626-€22,544▼ 27.9%
Operating profit (loss)9901-€20,249-€44,385▼ 119%
Financial income75/76B€3€16▲ 437%
Recurring financial income75€3€16▲ 437%
Financial charges65/66B€220€10,773▲ 4,797%
Recurring financial charges65€220€10,773▲ 4,797%
Profit (loss) for the period before taxes9903-€20,466-€55,141▼ 169%
Profit (loss) for the period9904-€20,466-€55,141▼ 169%
Profit (loss) for the period to be appropriated9905-€20,466-€55,141▼ 169%
Line20232024Change
Assets
Total assets20/58€114,187€424,386▲ 272%
Fixed assets21/28€39,451€412,963▲ 947%
Intangible fixed assets21€33,082€29,582▼ 10.6%
Tangible fixed assets22/27€6,369€383,381▲ 5,920%
Land and buildings22-€246,900-
Plant, machinery and equipment23€2,441€129,847▲ 5,219%
Furniture and vehicles24€3,927€6,634▲ 68.9%
Current assets29/58€74,736€11,423▼ 84.7%
Amounts receivable within one year40/41€23,675€1,424▼ 94.0%
Trade receivables40€23,000€0▼ 100%
Other amounts receivable41€675€1,424▲ 111%
Cash at bank and in hand54/58€50,876€9,999▼ 80.3%
Deferred charges and accrued income490/1€185€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€114,187€424,386▲ 272%
Equity10/15€4,534-€50,607▼ 1,216%
Contributions10/11€25,000€25,000=
Capital10€25,000--
Issued capital100€25,000--
Profit (loss) carried forward14-€20,466-€75,607▼ 269%
Amounts payable17/49€109,652€474,992▲ 333%
Amounts payable after more than one year17€25,000€287,115▲ 1,048%
Financial debts170/4€25,000€287,115▲ 1,048%
Amounts payable within one year42/48€84,652€187,877▲ 122%
Current portion of amounts payable after more than one year42-€17,595-
Other amounts payable47/48€84,652€170,282▲ 101%
Line20232024Change
Profit (loss) for the period9904-€20,466-€55,141▼ 169%
+ Depreciation and write-downs630€2,195€20,551▲ 836%
Operating cash flow (approximation)-€18,271-€34,590▼ 89.3%
Investment in fixed assets (approximation)--€394,063-
Change in cash--€40,877-

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
26-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing Annual accounts filed
fiscal year 2023 · 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, Bornem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
372 m²
Building footprint
154 m²
Volume, LiDAR
917 m³
Parcel 12362E0068/00H003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Apotheek Barelveld
Sint-Amandsesteenweg(BOR) 212, 2880 BornemRetail sale of pharmaceutical products
since 20232.341.919.104
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12362E0068/00H003 Flanders 372 m² 1 · 154 m² 10.4 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid
Year Entries awardedpaid
2025 1 2,000 EUR2,000 EUR
Schemes
1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 425 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
Founded18-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798610797
Registered 30-09-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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