Summary
Conclusion
the dossier summarised in one paragraphApollo Finco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-3.69M) and a net result of €-2.20M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 99 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.8% | 24.0% | |
| Net result | €-2.20M | €128k | |
| Equity | €-3.69M | €158k | |
| Staff costs | €423k | €237k | |
| Employees (FTE) | 4.7 | 4.0 |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-2.20M |
| Cash flow | n/a |
| Staff costs | €423k |
| Income taxes | €943 |
| Dividends | - |
| Total assets | €476.99M |
| Equity | €-3.69M |
| Debt | €480.68M |
| of which ≤ 1y | €67.29M |
| of which > 1y | €411.27M |
| Working capital | n/a |
| Employees (FTE) | 4.7 |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | -0.8% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -0.5% |
| ROE | 59.5% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €476.99M |
| Fixed assets | 21/28 | €457.51M |
| Formation expenses | 20 | €7.68M |
| Intangible fixed assets | 21 | €128k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €457.38M |
| Current assets | 29/58 | €11.79M |
| Amounts receivable within one year | 40/41 | €8.29M |
| Cash & bank | 54/58 | €3.49M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €476.99M |
| Equity | 10/15 | €-3.69M |
| Contributions / capital | 10/11 | €1 |
| Accumulated profits (losses) | 14 | €-3.69M |
| Amounts payable | 17/49 | €480.68M |
| Amounts payable after one year | 17 | €411.27M |
| Amounts payable within one year | 42/48 | €67.29M |
| Trade debts payable within one year | 44 | €164k |
| Income statement | ||
| Turnover | 70 | €1.29M |
| Operating result | 9901 | €-1.93M |
| Financial income | 75 | €49.23M |
| Financial charges | 65 | €49.50M |
| Result before taxes | 9903 | €-2.19M |
| Income taxes | 67/77 | €943 |
| Net result for the period | 9904 | €-2.20M |
| Result to be appropriated | 9905 | €-2.20M |
Health barometer
FY 2024 · computedStructure & network
Locations & real estate
Establishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0485/00Z002 | Flanders | 2,596 m² | 1 · 811 m² | - |
Analysis
Snowflake analysis
financial profile on 5 axesMixed profile: strong on stability, weaker on health.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameNL | Apollo Finco |