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APOLEX

Active
Private limited companyfounded 201016 yrs activePaepestraat 64, 9260 Wichelen, BelgiumKBO/BCE: BE 0828.111.170
Summary

APOLEX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €229,606. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 95% of 11770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
APOLEXActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of pharmaceutical products
NACE 47730
#2 company by equity in Wichelen, Wholesale and retail trade sector1 site
Size
€1.5mtotal assets 2025
Equity
€1.3m
Profit
€229,606
Turnover not published (abridged schema)
Financial health
98 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Holdings
1
Accounts filed 28 d late0 of 2 deeds read
Why 98- Latest accounts 28 days late; 1 of the last 3 late- Sector Retail trade (NACE 47)+ Founded in 2010+ Equity €1.3m (90.2% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 80% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 90.2% of total assets
Liquidity 65+12
short-term debt 9.7% · cash 11.9%
Profitability 88-2
return on assets 15.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -0.7% vs 12-2024 02-2025: 0.1%▲ +2.2% vs 01-2025 03-2025: 0.1%▲ +3.5% vs 02-2025 04-2025: 0.1%▼ -2.7% vs 03-2025 05-2025: 0.1%▲ +0.7% vs 04-2025 06-2025: 0.2%▲ +15.3% vs 05-2025 07-2025: 0.2%▲ +48.8% vs 06-2025 08-2025: 0.4%▲ +57.9% vs 07-2025 09-2025: 0.5%▲ +17.2% vs 08-2025 10-2025: 0.7%▲ +48.4% vs 09-2025highest value 11-2025: 0.2%▼ -69.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -5.2% vs 12-2025 02-2026: 0.2%▲ +6.5% vs 01-2026 03-2026: 0.2%▼ -10.4% vs 02-2026 04-2026: 0.2%▼ -1.6% vs 03-2026 05-2026: 0.2%▼ -2.1% vs 04-2026 06-2026: 0.2%▲ +10.4% vs 05-2026 07-2026: 0.2%▲ +9.4% vs 06-2026 08-2026: 0.4%▲ +99.1% vs 07-2026 09-2026: 0.1%▼ -80.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 2010 lowers the probability for this profile
  • Latest accounts 28 days late; 1 of the last 3 late raises the probability
  • Equity €1.3m (90.2% of total assets) lowers the probability
  • Sector Retail trade (NACE 47) raises the probability
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 3.47 against 1.47 in 2024; short-term debt: 9.7% and cash: 11.9% of total assets), and 9.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 92%, liquidity 71%, profitability 83%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2010
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 28 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Equity €1.3m (90.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
77 d late
2023
16 d early
2022
29 d late
2021
33 d late
2020
47 d late
2019
98 d late
← 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 42 days after 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 29 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Liquidity doublescurrent ratio 3.47
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on solvencysector median 37.2% · 11,770 companies 90.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €229,606 8 years View
  • Total assets 20256 fiscal years filed €1.5m View

By topic

Financials

Fiscal year
2025
Total assets
€1.5m
Profit
€229,606
Solvency
90.2%
Total assets▲ 10.1%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 31-12-2025Liquidity doubles
  3. 16-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of pharmaceutical productsNACE 47730
Founded
28-07-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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