Apollo
ActiveSummary
Apollo has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €414,754 and a net result of €192,299. Equity is growing by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 8103 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+12
Solvency66▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 2.18 in 2023; short-term debt: 29.4% and cash: 18.4% of total assets), but 58.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
84 d early
2022
40 d early
2021
24 d early
2020
122 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€414,754▲ 86.4%
2023 · €222,455
Total assets
€1.0m▲ 26.0%
2023 · €796,002
Net result
€192,299▲ 138%
2023 · €80,902
Working capital
€509,718▲ 47.8%
2023 · €344,846
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€68,445▲ 357%€35,316▼ 48.4%€48,587▲ 37.6%€108,187▲ 123%€255,631▲ 136%
Net result€54,041▲ 339%€29,048▼ 46.2%€35,904▲ 23.6%€80,902▲ 125%€192,299▲ 138%
Equity€76,600▲ 61.1%€105,648▲ 37.9%€141,552▲ 34.0%€222,455▲ 57.2%€414,754▲ 86.4%
Total assets€218,724▲ 27.3%€375,432▲ 71.6%€360,909▼ 3.9%€796,002▲ 121%€1.0m▲ 26.0%
Debt€142,123▲ 14.4%€269,783▲ 89.8%€219,357▼ 18.7%€573,547▲ 161%€588,549▲ 2.6%
Working capital€65,296▲ 69.5%€87,580▲ 34.1%€147,388▲ 68.3%€344,846▲ 134%€509,718▲ 47.8%
Staff (FTE)0.21.2▲ 500%3.4▲ 183%7▲ 106%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 136% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€198,210 ▲ 25.4%
Current assets
€805,092 ▲ 26.2%
Equity and liabilities €1.0m
Equity
€414,754 ▲ 86.4%
Debt
€588,549 ▲ 2.6%
Debt's share of the balance-sheet total falls from 72.1% to 58.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€307,472▲
2023 · €141,823
Cash flow
€244,140▲
2023 · €114,538
Current ratio
2.73▲
2023 · 2.18
Quick ratio
1.83▲
2023 · 1.43
Debt to equity
1.42▼
2023 · 2.58
ROE
46.4%▲
2023 · 36.4%
ROA
19.2%▲
2023 · 10.2%
Interest coverage
34.50▲
2023 · 18.04
Debt ≤ 1 year
€295,375▲
2023 · €293,101
Debt > 1 year
€121,312▲
2023 · €84,918
Income taxes
€66,932▲
2023 · €25,985
Staff costs
€448,893▲
2023 · €198,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,690 | €56,296 | €198,101 | €448,893 | ▲ 127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,915 | €14,906 | €22,994 | €33,636 | €51,841 | ▲ 54.1% |
| Other operating charges640/8 | - | €747 | €773 | €1,690 | €1,951 | ▲ 15.4% |
| Gross operating margin9900 | €81,277 | €56,658 | €128,650 | €341,614 | €758,315 | ▲ 122% |
| Operating profit (loss)9901 | €68,445 | €35,316 | €48,587 | €108,187 | €255,631 | ▲ 136% |
| Financial income75/76B | - | €4,272 | €3,603 | €6,562 | €12,514 | ▲ 90.7% |
| Recurring financial income75 | €1,496 | €4,272 | €3,603 | €6,562 | €12,514 | ▲ 90.7% |
| Financial charges65/66B | - | €2,121 | €5,068 | €7,862 | €8,913 | ▲ 13.4% |
| Recurring financial charges65 | €1,927 | €2,121 | €5,068 | €7,862 | €8,913 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €68,014 | €37,466 | €47,122 | €106,887 | €259,231 | ▲ 143% |
| Income taxes67/77 | €13,973 | €8,418 | €11,219 | €25,985 | €66,932 | ▲ 158% |
| Profit (loss) for the period9904 | €54,041 | €29,048 | €35,904 | €80,902 | €192,299 | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €54,041 | €29,048 | €35,904 | €80,902 | €192,299 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,724 | €375,432 | €360,909 | €796,002 | €1.0m | ▲ 26.0% |
| Fixed assets21/28 | €57,510 | €64,069 | €77,567 | €158,054 | €198,210 | ▲ 25.4% |
| Intangible fixed assets21 | - | - | - | €18,017 | €29,103 | ▲ 61.5% |
| Tangible fixed assets22/27 | €57,310 | €63,869 | €77,367 | €139,837 | €168,907 | ▲ 20.8% |
| Land and buildings22 | - | €23,637 | €19,714 | €15,791 | €11,934 | ▼ 24.4% |
| Plant, machinery and equipment23 | - | €8,323 | €9,516 | €5,911 | €8,045 | ▲ 36.1% |
| Furniture and vehicles24 | - | €19,795 | €18,594 | €21,693 | €50,895 | ▲ 135% |
| Leasing and similar rights25 | - | €12,114 | €6,057 | €78,538 | €79,688 | ▲ 1.5% |
| Other tangible fixed assets26 | - | - | €23,485 | €17,904 | €18,346 | ▲ 2.5% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €161,214 | €311,363 | €283,342 | €637,948 | €805,092 | ▲ 26.2% |
| Stocks and contracts in progress3 | €43,152 | €90,568 | €109,701 | €218,342 | €264,109 | ▲ 21.0% |
| Stocks30/36 | - | €90,568 | €109,701 | €218,342 | €264,109 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €66,554 | €168,757 | €117,491 | €275,541 | €344,262 | ▲ 24.9% |
| Trade receivables40 | - | €168,608 | €117,491 | €275,541 | €301,329 | ▲ 9.4% |
| Other amounts receivable41 | - | €149 | - | - | €42,933 | - |
| Cash at bank and in hand54/58 | €50,877 | €50,878 | €52,781 | €137,462 | €184,769 | ▲ 34.4% |
| Deferred charges and accrued income490/1 | - | €1,160 | €3,369 | €6,602 | €11,953 | ▲ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,724 | €375,432 | €360,909 | €796,002 | €1.0m | ▲ 26.0% |
| Equity10/15 | €76,600 | €105,648 | €141,552 | €222,455 | €414,754 | ▲ 86.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €63,860 | €93,000 | €129,000 | €210,000 | €402,000 | ▲ 91.4% |
| Distributable reserves133 | - | €93,000 | €129,000 | €210,000 | €402,000 | ▲ 91.4% |
| Profit (loss) carried forward14 | €340 | €248 | €152 | €55 | €354 | ▲ 549% |
| Amounts payable17/49 | €142,123 | €269,783 | €219,357 | €573,547 | €588,549 | ▲ 2.6% |
| Amounts payable after more than one year17 | €31,200 | €31,063 | €32,342 | €84,918 | €121,312 | ▲ 42.9% |
| Financial debts170/4 | - | €31,063 | €32,342 | €84,918 | €121,312 | ▲ 42.9% |
| Amounts payable within one year42/48 | €95,918 | €223,783 | €135,954 | €293,101 | €295,375 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €18,015 | €19,516 | €33,703 | €54,924 | ▲ 63.0% |
| Financial debts43 | - | €100,000 | - | €15,508 | €16,904 | ▲ 9.0% |
| Credit institutions430/8 | - | €100,000 | - | €15,508 | €16,904 | ▲ 9.0% |
| Trade debts44 | €42,519 | €90,496 | €65,394 | €141,380 | €152,770 | ▲ 8.1% |
| Suppliers440/4 | - | €90,496 | €65,394 | €141,380 | €152,770 | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | €14,841 | €50,613 | €102,510 | €69,769 | ▼ 31.9% |
| Taxes450/3 | - | €14,453 | €41,888 | €71,574 | €14,602 | ▼ 79.6% |
| Remuneration and social security454/9 | - | €388 | €8,725 | €30,936 | €55,167 | ▲ 78.3% |
| Other amounts payable47/48 | - | €430 | €430 | - | €1,008 | - |
| Accrued charges and deferred income492/3 | - | €14,938 | €51,061 | €195,528 | €171,862 | ▼ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,041 | €29,048 | €35,904 | €80,902 | €192,299 | ▲ 138% |
| + Depreciation and write-downs630 | €11,915 | €14,906 | €22,994 | €33,636 | €51,841 | ▲ 54.1% |
| Operating cash flow (approximation) | €65,957 | €43,954 | €58,898 | €114,538 | €244,140 | ▲ 113% |
| Investment in fixed assets (approximation) | - | -€21,465 | -€36,492 | -€114,123 | -€91,997 | ▲ 19.4% |
| Change in cash | - | €1 | €1,903 | €84,681 | €47,307 | ▼ 44.1% |
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €192,299 ▲138%
Operating result €255,631, net result €192,299, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €222,455 ▲57.2%
6 profitable years in a row build equity to €222,455.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €105,648 ▲37.9%
4 profitable years in a row build equity to €105,648.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €12,301 ▼13.2%
Net result drops to €12,301, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Deinze · 1 establishment unit since 2014
Ground area
3,727 m²
Building footprint
1,033 m²
Volume, LiDAR
4,997 m³
Parcel 44054B0756/00C000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SOVILUX
since 20142.234.900.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0756/00C000 | Flanders | 3,727 m² | 1 · 1,033 m² | 6.3 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
2023 to 2025 · 3 entries · 6,046 EUR awarded · 5,265 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,152 EUR | 1,152 EUR |
| 2024 | 1 | 1,133 EUR | 1,659 EUR |
| 2023 | 1 | 3,761 EUR | 2,454 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 36,113 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
Founded15-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
70200Business and other management consultancy
42220Construction of utility projects for electricity and telecommunications
46431Wholesale of electrical household appliances and audio-video equipment
47400Retail sale of information and communication equipment
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.