APOLLO
ActiveSummary
APOLLO has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €529,256 and a net result of €77,781. Equity has been growing by about 18% per year since 2019. Its solvency ranks better than 88% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-11-1996 Normal situation
- Activity
- Development of residential building projects NACE 68121and 3 others
- Establishment unit
- 2.079.382.862 3001 Leuven, since 09-12-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Moll Anne-MarieDirector · since 15-12-2021
- Alevei NVDirector
- ALEVEI100%· score 902025 annual accounts of ALEVEI
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €181,892
- ▲ 13.9%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €77,781
- ▲ 25.2%
- Equity
- €529,256
- ▲ 17.2%
- Total assets
- €623,345
- ▲ 19.3%
Score breakdownlowers riskSize: total assets €623,345Equity €529,256 (84.9% of total assets)Figures for financial year 2025 (filed on 22-07-2026)Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 67% on liquidity, 81% on profitability and 73% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 28 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 23% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €70,739 | €2,483 | €3,835 |
| Depreciation and write-downs of the year | €85,076 | €63,992 | €56,222 | €58,145 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,823 | €56,717 | €56,717 | €85,076 | €63,992 | €56,222 | €58,145 | ▲ 3.4% |
| Other operating charges640/8 | - | - | - | €33,806 | €18,089 | €18,823 | €19,413 | ▲ 3.1% |
| Gross operating margin9900 | €162,734 | €132,898 | €156,551 | €197,607 | €162,329 | €159,755 | €181,892 | ▲ 13.9% |
| Operating profit (loss)9901 | €68,782 | €76,180 | €82,972 | €78,725 | €80,247 | €84,710 | €104,333 | ▲ 23.2% |
| Financial income75/76B | - | - | - | - | - | - | €1 | - |
| Recurring financial income75 | €16 | €921 | €51 | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €6,943 | €1,338 | €956 | €288 | ▼ 69.9% |
| Recurring financial charges65 | €25,455 | €15,976 | €4,206 | €6,943 | €1,338 | €956 | €288 | ▼ 69.9% |
| Profit (loss) for the period before taxes9903 | €43,342 | €61,126 | €78,817 | €71,782 | €78,910 | €83,755 | €104,046 | ▲ 24.2% |
| Transfer from deferred taxes780 | - | - | - | €12,159 | - | - | €8,106 | - |
| Income taxes67/77 | €20,881 | €24,248 | €24,749 | €21,050 | €20,835 | €21,610 | €34,371 | ▲ 59.1% |
| Profit (loss) for the period9904 | €32,126 | €44,984 | €62,174 | €62,891 | €58,075 | €62,145 | €77,781 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €32,126 | €44,984 | €62,174 | €62,891 | €58,075 | €62,145 | €77,781 | ▲ 25.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €979,423 | €944,457 | €621,734 | €535,500 | €548,142 | €522,302 | €623,345 | ▲ 19.3% |
| Fixed assets21/28 | €679,086 | €622,369 | €565,652 | €480,576 | €482,715 | €428,977 | €374,666 | ▼ 12.7% |
| Tangible fixed assets22/27 | €679,086 | €622,369 | €565,652 | €480,576 | €482,715 | €428,977 | €374,666 | ▼ 12.7% |
| Land and buildings22 | - | - | - | €470,320 | €449,257 | €400,984 | €353,505 | ▼ 11.8% |
| Plant, machinery and equipment23 | - | - | - | €10,256 | €33,458 | €27,992 | €21,162 | ▼ 24.4% |
| Current assets29/58 | €300,337 | €322,088 | €56,082 | €54,924 | €65,428 | €93,325 | €248,679 | ▲ 166% |
| Amounts receivable within one year40/41 | €43,454 | €26,514 | €11,595 | €13,359 | €29,421 | €68,578 | €212,346 | ▲ 210% |
| Trade receivables40 | - | - | - | €11,861 | €27,342 | - | €9,637 | - |
| Other amounts receivable41 | - | - | - | €1,498 | €2,078 | €68,578 | €202,709 | ▲ 196% |
| Cash at bank and in hand54/58 | €256,881 | €295,478 | €25,090 | €37,167 | €36,007 | €24,747 | €32,613 | ▲ 31.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,398 | - | - | €3,720 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €979,423 | €944,457 | €621,734 | €535,500 | €548,142 | €522,302 | €623,345 | ▲ 19.3% |
| Equity10/15 | €203,206 | €206,190 | €268,363 | €331,254 | €389,330 | €451,474 | €529,256 | ▲ 17.2% |
| Contributions10/11 | €102,000 | €102,000 | €102,000 | €102,000 | €102,000 | €102,000 | €102,000 | = |
| Capital10 | - | - | - | €102,000 | €102,000 | €102,000 | €102,000 | = |
| Issued capital100 | - | - | - | €102,000 | €102,000 | €102,000 | €102,000 | = |
| Reserves13 | €10,200 | €10,200 | €10,200 | €210,200 | €210,200 | €310,200 | €310,200 | = |
| Non-distributable reserves130/1 | - | - | - | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Legal reserve130 | - | - | - | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Distributable reserves133 | - | - | - | €200,000 | €200,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | €91,006 | €93,990 | €156,163 | €19,054 | €77,130 | €39,274 | €117,056 | ▲ 198% |
| Provisions and deferred taxes16 | €60,793 | €52,687 | €44,581 | €32,423 | €32,423 | €32,423 | €24,317 | ▼ 25.0% |
| Deferred taxes168 | - | - | - | €32,423 | €32,423 | €32,423 | €24,317 | ▼ 25.0% |
| Amounts payable17/49 | €715,424 | €685,580 | €308,789 | €171,823 | €126,390 | €38,405 | €69,773 | ▲ 81.7% |
| Amounts payable after more than one year17 | - | - | - | - | €20,274 | €20,274 | €20,274 | = |
| Other amounts payable178/9 | - | - | - | - | €20,274 | €20,274 | €20,274 | = |
| Amounts payable within one year42/48 | €710,157 | €668,499 | €302,384 | €169,445 | €106,116 | €18,131 | €46,480 | ▲ 156% |
| Trade debts44 | €14,502 | €2,475 | €1,434 | €15,860 | €3,042 | €5,636 | €3,947 | ▼ 30.0% |
| Suppliers440/4 | - | - | - | €15,860 | €3,042 | €5,636 | €3,947 | ▼ 30.0% |
| Taxes, remuneration and social security45 | - | - | - | €8,585 | €8,074 | €12,495 | €42,533 | ▲ 240% |
| Taxes450/3 | - | - | - | €8,585 | €8,074 | €12,495 | €42,533 | ▲ 240% |
| Other amounts payable47/48 | - | - | - | €145,000 | €95,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,377 | - | - | €3,019 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,126 | €44,984 | €62,174 | €62,891 | €58,075 | €62,145 | €77,781 | ▲ 25.2% |
| + Depreciation and write-downs630 | €65,823 | €56,717 | €56,717 | €85,076 | €63,992 | €56,222 | €58,145 | ▲ 3.4% |
| Operating cash flow (approximation) | €97,949 | €101,701 | €118,891 | €147,967 | €122,067 | €118,366 | €135,926 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€66,131 | -€2,483 | -€3,835 | ▼ 54.4% |
| Change in cash | - | €38,598 | -€270,389 | €12,077 | -€1,160 | -€11,260 | €7,865 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as APOLLO has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of APOLLO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for APOLLO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00324289 | |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00172326 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00189061 | |
| 31-12-2022 | full format | 12-07-2023 | 2023-00246424 | |
| 30-06-2021 | abbreviated format | 27-09-2021 | 2021-68700071 | |
| 30-06-2020 | abbreviated format | 02-10-2020 | 2020-58600406 | |
| 30-06-2019 | abbreviated format | 30-09-2019 | 2019-67400010 | |
| 30-06-2018 | abbreviated format | 12-10-2018 | 2018-69300200 | |
| 30-06-2017 | abbreviated format | 13-10-2017 | 2017-67200088 | |
| 30-06-2016 | abbreviated format | 13-10-2016 | 2016-65500600 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- ALEVEI
- APOLLO
Owners 1
- ALEVEIparentSourceaccounts ALEVEI 2025Equity €1.6m Profit of €1.1m in 2025 (profit of €309,120 in 2024) Checked score 90100%
Capital transactions
- 30-06-2022 Capital stated in the deed · €102,000 · 147 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Moll Anne-Marie |
|
| Alevei NV |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, houders van aandelen met stemrecht met minstens 10% van kapitaal kunnen éénparig bijzondere lasthebber…”
Articles of association, deed of 30-06-2022 (in Dutch)
Network & group
Companies at the same address
7 other companies- AVES LEGAL Registered office · since 2023 0799128164
- DDW Advocaten Registered office · since 2015 0600957362
- ALEVEI Registered office · since 2013 0536742768
- GUNTER FRANSIS Registered office · since 2010 0832516257
- GUDRUN DE DONCKER ADVOCATENKANTOOR Registered office · since 2001 0473859549
- Quant ICT Registered office · since 1999 0465743619
- SOUND AND MUSIC Establishment · since 1995 0453747984
Connections & network
2 current directorsThe network starts from the directors of APOLLO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-06
Gazette deed
Amendment of the articlesCapital · Power of attorney4 points ▸
- General meeting, 15-06-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €102,000
- Power of attorney
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
7 activities
- Het nemen van participaties in vennootschappen en ondernemingen, zowel inhet binneland ais in het buitenland, met het oog op de valorisatie van deze deelnemingen;
- Verwerving voor eigen rekening, als voor rekening van derden, van aandelen, obligaties, kasbons of andere effecten van bestaande of op te richten vennootschappen, zowel Belgische als buitenlandse;
- Het toestaan van leningen en kredieten aan ondernemingen en vennootschappen, onder om het even welke vorm en in eender welke valuta, alsmede het verlenen van borstellingen;
- Het verrichten van financiële operaties in de ruimste zin omtrent ondermeer het verhandelen en negociëren van titels en effecten;
- Het beheren van andere vennootschappen, zowel binnenlandse als buitenlanse, hieronder begrepen het uitoefenen van bestuurders mandaten;
- Het bouwen, verbouwen, kopen, verkopen, huren en verhuren van onroerende goederen en dit zowel in het binnen- als in het buitenland;
- Alle activiteiten van bouwpropotie en dit in de ruimste betekenis.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0459.188.595
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24514B0186/00V000 | Flanders | 3,479 m² | 1 · 663 m² | 9.2 m · 2 |