Active BE 0460.726.046Public limited company

APOGEE

Rue de l'Eglise, Pont. 64 ·5380 Fernelmont, Belgium· 29 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of APOGEE is 1.5% (moderate). The 2019 annual accounts show equity of €2.40M and a net result of €700k. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€2.40M
Net result	€700k
Active	29 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 100

Solvency 66

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.5% Moderate

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1997, 29 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2019 · computed

52 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2019. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 18-12-2020 with the NBB · fiscal year 2019 · micro

Operating resultNet result

EBITDA

€33k

-37.5% 18-19

Net profit

€700k

-11.6% 18-19

Cash flow

€780k

-10.6% 18-19

Total assets

€3.98M

-1.5% 18-19

Equity

€2.40M

-3.8% 18-19

Working capital

€-114k

-1241.2% 18-19

Income taxes

€21k

+2440.5% 18-19

Debt

€1.52M

+2.4% 18-19

Show 8 other metrics

Debt ≤ 1y

€197k

+166.2% 18-19

Debt > 1y

€1.33M

-6.2% 18-19

Current ratio

0.42

-52.6% 18-19

Quick ratio

0.42

-52.6% 18-19

Solvency

60.3%

-2.3% 18-19

Debt / equity

0.55

-2.4% 18-19

ROE

29.2%

-8.1% 18-19

ROA

17.6%

-10.2% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	micro
Revenue	-
EBITDA	€33k
Net profit	€700k
Cash flow	€780k
Staff costs	-
Income taxes	€21k
Dividends	-
Total assets	€3.98M
Equity	€2.40M
Debt	€1.52M
of which ≤ 1y	€197k
of which > 1y	€1.33M
Working capital	€-114k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.42
Quick ratio	0.42
Working capital ratio	-2.9%
Solvency	60.3%
Debt / equity	0.55
Long-term debt ratio	0.55
Interest coverage	-
Gross margin	-
Net margin	-
ROA	17.6%
ROE	29.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €3.90M · 97.9% Current assets €83k · 2.1%

Equity & liabilities

Equity €2.40M · 60.3% Provisions €56k · 1.4% Debt €1.52M · 38.3%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.98M
Fixed assets	21/28	€3.90M
Tangible fixed assets	22/27	€3.90M
Current assets	29/58	€83k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.98M
Equity	10/15	€2.40M
Contributions / capital	10/11	€1.55M
Reserves	13	€149k
Accumulated profits (losses)	14	€700k
Provisions & deferred taxes	16	€56k
Amounts payable	17/49	€1.52M
Amounts payable after one year	17	€1.33M
Amounts payable within one year	42/48	€197k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€47k
Operating result	9901	€-47k
Financial charges	65	€30k
Result before taxes	9903	€-77k
Income taxes	67/77	€21k
Net result for the period	9904	€-96k
Result to be appropriated	9905	€-92k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	26-05-1997
Status	Active
Postal code	5380

Establishment units 1 location

Rue de l'Eglise, Pont. 64, 5380 Fernelmont

Overige financiële instellingen, n.e.g.

since 19972.082.366.405

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92100A0074/00C000	Wallonia	3,559 m²	1 · 853 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

18-12-2020