APNIS
ActiveSummary
APNIS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€75,896) and a net result of -€86,493. Equity is shrinking by ~31% per year across the filed fiscal years. Its solvency ranks better than 9% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-61
Solvency3▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.65 in 2024; short-term debt: 85.7% and cash: 7.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · 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 2025Solvency, return and age of the figures
Solvency
-21.8%
Return on assets
-24.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€75,896
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
66 d early
2023
1 d early
2022
17 d early
2021
25 d early
2020
4 d early
2019
37 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 24 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 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€75,896
2024 · €10,597
Total assets
€347,810▼ 21.0%
2024 · €440,285
Net result
-€86,493
2024 · €3,498
Working capital
-€109,932▲ 2.2%
2024 · -€112,412
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,479€18,177▲ 1,129%-€62,252€20,749-€75,207
Net result-€11,800below the sector's middle half▲ 71.0%€6,232within the sector's middle half-€78,499below the sector's middle half€3,498within the sector's middle half-€86,493below the sector's middle half
Equity€79,366below the sector's middle half▼ 12.9%€85,598below the sector's middle half▲ 7.9%€7,099below the sector's middle half▼ 91.7%€10,597below the sector's middle half▲ 49.3%-€75,896below the sector's middle half
Total assets€725,525within the sector's middle half▼ 15.2%€689,421within the sector's middle half▼ 5.0%€703,916within the sector's middle half▲ 2.1%€440,285below the sector's middle half▼ 37.5%€347,810below the sector's middle half▼ 21.0%
Debt€646,159▼ 15.4%€603,822▼ 6.6%€696,817▲ 15.4%€429,688▼ 38.3%€423,706▼ 1.4%
Working capital-€111,777below the sector's middle half▲ 3.2%-€104,061below the sector's middle half▲ 6.9%-€100,151below the sector's middle half▲ 3.8%-€112,412below the sector's middle half▼ 12.2%-€109,932below the sector's middle half▲ 2.2%
Solvency10.9%below the sector's middle half▲ 0.3pp12.4%below the sector's middle half▲ 1.5pp1.0%below the sector's middle half▼ 11.4pp2.4%below the sector's middle half▲ 1.4pp-21.8%below the sector's middle half▼ 24.2pp
Current ratio0.69below the sector's middle half▼ 0.030.73below the sector's middle half▲ 0.040.80below the sector's middle half▲ 0.060.65below the sector's middle half▼ 0.140.63below the sector's middle half▼ 0.02
Return on assets (ROA)-1.6%below the sector's middle half▲ 3.1pp0.9%within the sector's middle half▲ 2.5pp-11.2%below the sector's middle half▼ 12.1pp0.8%within the sector's middle half▲ 11.9pp-24.9%below the sector's middle half▼ 25.7pp
Staff (FTE)8.1above the sector's middle half▲ 913%4.4within the sector's middle half▼ 45.7%5.4within the sector's middle half▲ 22.7%4.3within the sector's middle half▼ 20.4%4.2within the sector's middle half▼ 2.3%
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
The operating result turns negative in 2025: a loss of €75,207 after €20,749 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347,810
Fixed assets
€159,823 ▼ 29.6%
Current assets
€187,988 ▼ 11.9%
Key figures and ratios
EBITDA
€4,969▼
2024 · €100,887
Cash flow
-€6,316▼
2024 · €83,637
Quick ratio
0.18▼
2024 · 0.20
Debt to equity
-5.58▼
2024 · 40.55
Interest coverage
0.41▼
2024 · 5.25
Debt ≤ 1 year
€297,919▼
2024 · €325,742
Debt > 1 year
€125,787▲
2024 · €103,947
Staff costs
€147,318▲
2024 · €136,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 6,621 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €500 | - | - | - |
| Remuneration, social security and pensions62 | €135,778 | €138,843 | €156,806 | €136,498 | €147,318 | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,558 | €99,669 | €85,024 | €80,139 | €80,176 | = |
| Other operating charges640/8 | €2,995 | €778 | €20,741 | €18,206 | €10,535 | ▼ 42.1% |
| Non-recurring operating charges66A | - | - | €200 | - | - | - |
| Gross operating margin9900 | €237,811 | €257,467 | €200,519 | €255,592 | €162,823 | ▼ 36.3% |
| Operating profit (loss)9901 | €1,479 | €18,177 | -€62,252 | €20,749 | -€75,207 | ▼ 462% |
| Financial income75/76B | €1 | €322 | €1,096 | €1,954 | €965 | ▼ 50.6% |
| Recurring financial income75 | €1 | €322 | €1,096 | €1,954 | €965 | ▼ 50.6% |
| Financial charges65/66B | €13,163 | €12,143 | €17,211 | €19,205 | €12,251 | ▼ 36.2% |
| Recurring financial charges65 | €13,163 | €12,143 | €17,211 | €19,205 | €12,251 | ▼ 36.2% |
| Profit (loss) for the period before taxes9903 | -€11,683 | €6,356 | -€78,368 | €3,498 | -€86,493 | ▼ 2,573% |
| Income taxes67/77 | €117 | €124 | €132 | - | - | - |
| Profit (loss) for the period9904 | -€11,800 | €6,232 | -€78,499 | €3,498 | -€86,493 | ▼ 2,573% |
| Profit (loss) for the period to be appropriated9905 | -€11,800 | €6,232 | -€78,499 | €3,498 | -€86,493 | ▼ 2,573% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €725,525 | €689,421 | €703,916 | €440,285 | €347,810 | ▼ 21.0% |
| Fixed assets21/28 | €477,235 | €401,506 | €306,501 | €226,956 | €159,823 | ▼ 29.6% |
| Intangible fixed assets21 | €18,021 | €7,397 | - | - | - | - |
| Tangible fixed assets22/27 | €452,144 | €387,039 | €299,431 | €219,606 | €152,153 | ▼ 30.7% |
| Land and buildings22 | - | - | - | - | €6,833 | - |
| Plant, machinery and equipment23 | €414,050 | €355,754 | €295,741 | €217,178 | €143,746 | ▼ 33.8% |
| Furniture and vehicles24 | €38,093 | €31,285 | €3,690 | €2,428 | €1,574 | ▼ 35.2% |
| Financial fixed assets28 | €7,070 | €7,070 | €7,070 | €7,350 | €7,670 | ▲ 4.4% |
| Current assets29/58 | €248,291 | €287,914 | €397,415 | €213,329 | €187,988 | ▼ 11.9% |
| Stocks and contracts in progress3 | €167,387 | €196,637 | €191,543 | €148,893 | €134,821 | ▼ 9.5% |
| Stocks30/36 | €167,387 | €196,637 | €191,543 | €148,893 | €134,821 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €37,383 | €60,574 | €164,643 | €44,541 | €27,799 | ▼ 37.6% |
| Trade receivables40 | €21,943 | €35,327 | €136,757 | €18,188 | €11,207 | ▼ 38.4% |
| Other amounts receivable41 | €15,440 | €25,247 | €27,887 | €26,354 | €16,592 | ▼ 37.0% |
| Cash at bank and in hand54/58 | €37,364 | €29,191 | €38,005 | €18,321 | €25,367 | ▲ 38.5% |
| Deferred charges and accrued income490/1 | €6,156 | €1,512 | €3,224 | €1,573 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €725,525 | €689,421 | €703,916 | €440,285 | €347,810 | ▼ 21.0% |
| Equity10/15 | €79,366 | €85,598 | €7,099 | €10,597 | -€75,896 | ▼ 816% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,766 | €60,766 | €21,106 | €21,106 | €21,106 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €58,906 | €58,906 | €19,246 | €19,246 | €19,246 | = |
| Profit (loss) carried forward14 | - | €6,232 | -€32,607 | -€29,109 | -€115,601 | ▼ 297% |
| Amounts payable17/49 | €646,159 | €603,822 | €696,817 | €429,688 | €423,706 | ▼ 1.4% |
| Amounts payable after more than one year17 | €265,649 | €204,680 | €154,712 | €103,947 | €125,787 | ▲ 21.0% |
| Financial debts170/4 | €265,649 | €204,680 | €154,712 | €103,947 | €125,787 | ▲ 21.0% |
| Amounts payable within one year42/48 | €360,068 | €391,975 | €497,566 | €325,742 | €297,919 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | €209,853 | €60,969 | €199,968 | €200,765 | €120,479 | ▼ 40.0% |
| Financial debts43 | - | €119,900 | - | - | - | - |
| Credit institutions430/8 | - | €119,900 | - | - | - | - |
| Trade debts44 | €35,293 | €115,394 | €252,647 | €48,862 | €167,499 | ▲ 243% |
| Suppliers440/4 | €35,293 | €115,394 | €252,647 | €48,862 | €167,499 | ▲ 243% |
| Taxes, remuneration and social security45 | €19,725 | €13,986 | €24,475 | €9,148 | €8,551 | ▼ 6.5% |
| Taxes450/3 | €2,436 | €241 | €6,071 | €892 | €289 | ▼ 67.6% |
| Remuneration and social security454/9 | €17,289 | €13,745 | €18,404 | €8,256 | €8,262 | ▲ 0.1% |
| Other amounts payable47/48 | €95,198 | €81,726 | €20,475 | €66,967 | €1,390 | ▼ 97.9% |
| Accrued charges and deferred income492/3 | €20,442 | €7,167 | €44,540 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,800 | €6,232 | -€78,499 | €3,498 | -€86,493 | ▼ 2,573% |
| + Depreciation and write-downs630 | €97,558 | €99,669 | €85,024 | €80,139 | €80,176 | = |
| Operating cash flow (approximation) | €85,759 | €105,902 | €6,525 | €83,637 | -€6,316 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€23,941 | €9,981 | -€593 | -€13,043 | ▼ 2,099% |
| Change in cash | - | -€8,173 | €8,814 | -€19,684 | €7,046 | ▲ 136% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€86,493
Net result drops to -€86,493, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €3,498
Net result €3,498 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €6,232
Net result €6,232 after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Leopoldsburg · 1 establishment unit since 1993
Ground area
9,811 m²
Building footprint
793 m²
Volume, LiDAR
6,205 m³
Parcel 71034A0892/00B000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
APNIS RETAIL, SPAR LEOPOLDSBURG, HET VLEZEKE
since 19932.061.538.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A0892/00B000 | Flanders | 9,811 m² | 1 · 793 m² | 15.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeopoldsburg2.061.538.129
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CLOVIS
BE 0893.412.758
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PAK 786
BE 0753.417.410
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TAA
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 586 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
Founded03-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
46190Agents in non-specialised wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
47540Retail sale of electrical household appliances
Contact
E-mail
info@apnis.comLeopoldsburg
Phone
0475751751Leopoldsburg
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448803756
Also
9925:BE0448803756
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.