Apollo Bidco
ActiveSummary
Apollo Bidco has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €242.9m and a net result of -€29.6m. Equity is shrinking by ~9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▲+3
Solvency60▼-5
Growth55=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.11 in 2023; short-term debt: 2.2% and cash: 0% of total assets), and 64.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.1%
Return on assets
-4.3%
Age of the figures
21 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
37 d early
2024
24 d early
2023
16 d early
2022
13 d early
2021
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 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 (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 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Apollo Topco · 7 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
In the rankings
#5 company by total assets in Ghent, Professional and technical services sector#6 company by equity in Ghent, Professional and technical services sector
Turnover
€6.3m▲ 18.2%
2023 · €5.4m
EBIT margin
-4.2%▲ 4.5pp
2023 · -8.8%
Net result
-€29.6m▼ 13.1%
2023 · -€26.2m
Working capital
€1.7m▲ 6.5%
2023 · €1.6m
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 70, Activities of head offices; management consultancy activities, 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
Line2021202220232024
Turnover€1.5m€5.4m▲ 250%€6.3m▲ 18.2%
Operating result-€6.3m--€764,847▲ 87.8%-€470,551▲ 38.5%-€267,634▲ 43.1%
Net result-€9.4mbelow the sector's middle half--€19.7mbelow the sector's middle half▼ 110%-€26.2mbelow the sector's middle half▼ 32.7%-€29.6mbelow the sector's middle half▼ 13.1%
EBIT margin-49.8%-8.8%▲ 41.1pp-4.2%▲ 4.5pp
Equity€318.5mabove the sector's middle half-€298.7mabove the sector's middle half▼ 6.2%€272.5mabove the sector's middle half▼ 8.8%€242.9mabove the sector's middle half▼ 10.9%
Total assets€632.5mabove the sector's middle half-€661.1mabove the sector's middle half▲ 4.5%€683.9mabove the sector's middle half▲ 3.4%€692.2mabove the sector's middle half▲ 1.2%
Debt€314.0m-€362.4m▲ 15.4%€411.4m▲ 13.5%€449.3m▲ 9.2%
Working capital-€29.5mbelow the sector's middle half--€10.0mbelow the sector's middle half▲ 66.0%€1.6mabove the sector's middle half€1.7mabove the sector's middle half▲ 6.5%
Solvency50.4%within the sector's middle half-45.2%within the sector's middle half▼ 5.2pp39.8%within the sector's middle half▼ 5.3pp35.1%within the sector's middle half▼ 4.8pp
Current ratio0.29below the sector's middle half-0.56within the sector's middle half▲ 0.261.11within the sector's middle half▲ 0.551.11within the sector's middle half=
Return on assets (ROA)-1.5%below the sector's middle half--3.0%below the sector's middle half▼ 1.5pp-3.8%below the sector's middle half▼ 0.8pp-4.3%below the sector's middle half▼ 0.5pp
Staff (FTE)9.4within the sector's middle half11.8above the sector's middle half▲ 25.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €267,634 in 2024 against €470,551 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €692.2m
Fixed assets
€675.5m ▲ 1.1%
Current assets
€16.7m ▲ 7.1%
Equity and liabilities €692.2m
Equity
€242.9m ▼ 10.9%
Debt
€449.3m ▲ 9.2%
Debt's share of the balance-sheet total rises from 60.2% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€164,511▲
2023 · -€413,706
Cash flow
-€29.5m▼
2023 · -€26.1m
Debt to equity
1.85▲
2023 · 1.51
ROE
-12.2%▼
2023 · -9.6%
Interest coverage
0.00▲
2023 · -0.01
Debt ≤ 1 year
€15.0m▲
2023 · €14.0m
Debt > 1 year
€432.3m▲
2023 · €394.6m
Income taxes
€1,663
Staff costs
€1.1m▲
2023 · €539,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €34,201 | €1.5m | €5.6m | €6.5m | ▲ 17.3% |
| Turnover70 | - | €1.5m | €5.4m | €6.3m | ▲ 18.2% |
| Other operating income74 | €34,201 | €91 | €189,295 | €173,005 | ▼ 8.6% |
| Operating charges60/66A | €6.3m | €2.3m | €6.0m | €6.8m | ▲ 12.6% |
| Services and other goods61 | €6.3m | €2.3m | €5.1m | €5.5m | ▲ 7.6% |
| Remuneration, social security and pensions62 | - | - | €539,930 | €1.1m | ▲ 99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €56,845 | €103,122 | ▲ 81.4% |
| Other operating charges640/8 | €355 | €8,498 | €298,030 | €1,924 | ▼ 99.4% |
| Non-recurring operating charges66A | - | - | - | €80,223 | - |
| Operating profit (loss)9901 | -€6.3m | -€764,847 | -€470,551 | -€267,634 | ▲ 43.1% |
| Financial income75/76B | €60,106 | €1.1m | €8.0m | €10.4m | ▲ 29.2% |
| Recurring financial income75 | €60,106 | €1.1m | €8.0m | €10.4m | ▲ 29.2% |
| Income from current assets751 | - | €1.1m | €8.0m | €10.4m | ▲ 29.2% |
| Other financial income752/9 | €60,106 | €11,950 | €767 | €6 | ▼ 99.2% |
| Financial charges65/66B | €3.2m | €20.1m | €33.8m | €39.7m | ▲ 17.7% |
| Recurring financial charges65 | €3.2m | €20.1m | €33.8m | €39.7m | ▲ 17.7% |
| Debt charges650 | €3.2m | €19.5m | €33.8m | €39.2m | ▲ 16.3% |
| Other financial charges652/9 | €621 | €587,818 | €13,517 | €500,283 | ▲ 3,601% |
| Profit (loss) for the period before taxes9903 | -€9.4m | -€19.7m | -€26.2m | -€29.6m | ▼ 13.1% |
| Income taxes67/77 | - | - | - | €1,663 | - |
| Taxes670/3 | - | - | - | €1,663 | - |
| Profit (loss) for the period9904 | -€9.4m | -€19.7m | -€26.2m | -€29.6m | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | -€9.4m | -€19.7m | -€26.2m | -€29.6m | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €632.5m | €661.1m | €683.9m | €692.2m | ▲ 1.2% |
| Fixed assets21/28 | €620.3m | €648.5m | €668.3m | €675.5m | ▲ 1.1% |
| Intangible fixed assets21 | - | €97,218 | €371,206 | €434,358 | ▲ 17.0% |
| Tangible fixed assets22/27 | - | - | €109,183 | €126,183 | ▲ 15.6% |
| Furniture and vehicles24 | - | - | €90,187 | €76,960 | ▼ 14.7% |
| Other tangible fixed assets26 | - | - | €18,996 | €40,712 | ▲ 114% |
| Assets under construction and advance payments27 | - | - | - | €8,511 | - |
| Financial fixed assets28 | €620.3m | €648.4m | €667.8m | €674.9m | ▲ 1.1% |
| Affiliated companies280/1 | €620.3m | €648.4m | €667.8m | €674.9m | ▲ 1.1% |
| Participating interests280 | €620.3m | €620.3m | €620.3m | €620.3m | = |
| Amounts receivable281 | - | €28.1m | €47.5m | €54.6m | ▲ 14.9% |
| Current assets29/58 | €12.2m | €12.6m | €15.6m | €16.7m | ▲ 7.1% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €10.0m | €10.0m | €12.4m | €13.5m | ▲ 8.8% |
| Trade receivables40 | €32,701 | €1.6m | €5.0m | €6.0m | ▲ 21.4% |
| Other amounts receivable41 | €10.0m | €8.4m | €7.5m | €7.5m | ▲ 0.4% |
| Cash at bank and in hand54/58 | €425,897 | €160,413 | €171,457 | €277,962 | ▲ 62.1% |
| Deferred charges and accrued income490/1 | €1.7m | €2.5m | €3.0m | €2.9m | ▼ 3.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €632.5m | €661.1m | €683.9m | €692.2m | ▲ 1.2% |
| Equity10/15 | €318.5m | €298.7m | €272.5m | €242.9m | ▼ 10.9% |
| Contributions10/11 | €327.9m | €327.9m | €327.9m | €327.9m | = |
| Profit (loss) carried forward14 | -€9.4m | -€29.2m | -€55.4m | -€85.0m | ▼ 53.5% |
| Amounts payable17/49 | €314.0m | €362.4m | €411.4m | €449.3m | ▲ 9.2% |
| Amounts payable after more than one year17 | €270.8m | €338.7m | €394.6m | €432.3m | ▲ 9.6% |
| Financial debts170/4 | €270.8m | €338.7m | €394.6m | €432.3m | ▲ 9.6% |
| Subordinated loans170 | - | €28.1m | €394.6m | €432.3m | ▲ 9.6% |
| Other loans174 | €270.8m | €310.6m | - | - | - |
| Amounts payable within one year42/48 | €41.7m | €22.7m | €14.0m | €15.0m | ▲ 7.1% |
| Financial debts43 | €2.8m | €0 | - | - | - |
| Other loans439 | €2.8m | €0 | - | - | - |
| Trade debts44 | €1.3m | €1.7m | €2.0m | €2.1m | ▲ 7.4% |
| Suppliers440/4 | €1.3m | €1.7m | €2.0m | €2.1m | ▲ 7.4% |
| Taxes, remuneration and social security45 | - | - | €65,481 | €150,248 | ▲ 129% |
| Taxes450/3 | - | - | - | €1,863 | - |
| Remuneration and social security454/9 | - | - | €65,481 | €148,385 | ▲ 127% |
| Other amounts payable47/48 | €37.6m | €21.0m | €12.0m | €12.8m | ▲ 6.4% |
| Accrued charges and deferred income492/3 | €1.5m | €1.0m | €2.8m | €2.0m | ▼ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9.4m | -€19.7m | -€26.2m | -€29.6m | ▼ 13.1% |
| + Depreciation and write-downs630 | - | - | €56,845 | €103,122 | ▲ 81.4% |
| Operating cash flow (approximation) | -€9.4m | -€19.7m | -€26.1m | -€29.5m | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€28.2m | -€19.8m | -€7.3m | ▲ 63.4% |
| Change in cash | - | -€265,484 | €11,044 | €106,505 | ▲ 864% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€29.6m
Net result drops to -€29.6m, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
Ground area
2,596 m²
Building footprint
811 m²
Parcel 44017C0485/00Z002, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Apollo Bidco
since 20212.323.362.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0485/00Z002 | Flanders | 2,596 m² | 1 · 811 m² | - |
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.
Structure & network
Part of the group
Apollo Topco
7 companies
Group, risk and exposure
Owners and holdings
1 owner · 3 holdings · 13 subsidiaries in the treeChain of control
- Apollo Topco
- Apollo Midco
- Apollo Bidco
Highest known parent: Apollo Topco. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 3
-
100%
- Cookware Company Holding AmericasubsidiaryEquity €115.3mResult -€1.2m100%
-
100%
All subsidiaries, including indirect ones 13
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Apollo Finco 100%
Cookware Company Holding America 100%10 subsidiaries
- The Cookware Company (USA) LLCUS 100%
The Cookware Company Europe 100%6 subsidiaries
- BV Koninklijke Van Kempen & BegeerNL 100%
- Lumenflon S.P.A.IT 100%
- The Cookware Company BVNL 100%
- The Cookware Company FranceFR 100%
- Umformtechnik Merten & Storck GmbHDE 100%
- B.K. Cookware B.V.NL consolidated
- The Cookware Company FranceFR 100%
- The Cookware Company UK & Ireland LimitedGB 100%
- The Cookware Company LimitedHK 100%
According to the 2024 annual accounts of Apollo Bidco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded15-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769709945
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.