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APOLLON

Active
Private limited companyfounded 2013active for 13 yearsProvinciesteenweg 639, 2530 Boechout, BelgiumKBO/BCE: BE 0538.975.154
Summary

APOLLON has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €754,060 and a net result of €120,284. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 58% of 379 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, full format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00482831.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€120,284▲ 15.2%
2024 · €104,384
Working capital
€164,774▼ 13.5%
2024 · €190,508
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 7% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.2m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▲ 0.8%€0.2m▼ 1.0%€0.3m▲ 70.0%€0.4m▲ 9.8%€0.4m▼ 3.3%€0.2m▼ 56.8%€0.2m▲ 7.2%
Net result€0.2m-€0.1m▼ 6.3%€0.2mabove the sector's middle half▲ 9.0%€0.2mabove the sector's middle half▲ 56.7%€0.3mabove the sector's middle half▲ 8.3%€0.3mabove the sector's middle half▼ 5.9%€0.1mabove the sector's middle half▼ 58.3%€0.1mabove the sector's middle half▲ 15.2%
Equity€0.2m-€0.4m▲ 50.4%€0.5mabove the sector's middle half▲ 43.8%€0.8mabove the sector's middle half▲ 47.8%€0.6mabove the sector's middle half▼ 20.6%€0.9mabove the sector's middle half▲ 41.5%€0.7mabove the sector's middle half▼ 14.0%€0.8mwithin the sector's middle half▲ 2.8%
Total assets€1.3m-€1.6m▲ 29.9%€1.7mabove the sector's middle half▲ 4.5%€1.9mabove the sector's middle half▲ 9.2%€1.7mabove the sector's middle half▼ 10.9%€1.9mabove the sector's middle half▲ 14.1%€1.7mabove the sector's middle half▼ 12.1%€1.6mwithin the sector's middle half▼ 5.5%
Debt€1.0m-€1.3m▲ 25.2%€1.2m▼ 6.5%€1.1m▼ 7.3%€1.1m▼ 4.3%€1.1m▼ 1.4%€0.9m▼ 10.6%€0.8m▼ 12.0%
Working capital€0.09m-€0.2m▲ 88.0%€0.3mabove the sector's middle half▲ 58.1%€0.5mabove the sector's middle half▲ 69.6%€0.2mwithin the sector's middle half▼ 48.0%€0.4mabove the sector's middle half▲ 62.9%€0.2mwithin the sector's middle half▼ 52.7%€0.2mwithin the sector's middle half▼ 13.5%
Solvency18.8%-21.8%▲ 3.0pp30.0%within the sector's middle half▲ 8.2pp40.6%within the sector's middle half▲ 10.6pp36.1%within the sector's middle half▼ 4.4pp44.8%within the sector's middle half▲ 8.7pp43.8%within the sector's middle half▼ 1.0pp47.7%within the sector's middle half▲ 3.9pp
Current ratio1.44-1.67▲ 0.232.28within the sector's middle half▲ 0.603.44above the sector's middle half▲ 1.172.06within the sector's middle half▼ 1.382.44within the sector's middle half▲ 0.371.77within the sector's middle half▼ 0.661.74within the sector's middle half▼ 0.04
Return on assets (ROA)12.1%-8.8%▼ 3.4pp9.1%within the sector's middle half▲ 0.4pp13.1%above the sector's middle half▲ 4.0pp15.9%above the sector's middle half▲ 2.8pp13.1%above the sector's middle half▼ 2.8pp6.2%within the sector's middle half▼ 6.9pp7.6%within the sector's middle half▲ 1.4pp
Staff (FTE)4.8-3.2▼ 33.3%5within the sector's middle half▲ 56.3%2.8within the sector's middle half▼ 44.0%2.7within the sector's middle half▼ 3.6%4.3within the sector's middle half▲ 59.3%5.2within the sector's middle half▲ 20.9%4.2within the sector's middle half▼ 19.2%
above within below the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.2m ▼ 3.6%
Current assets €388,426 ▼ 11.1%
Equity and liabilities €1.6m
Equity €754,060 ▲ 2.8%
Debt €826,892 ▼ 12.0%
Debt's share of the balance-sheet total falls from 56.2% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€213,193▲
2024 · €205,950
Cash flow
€164,448▲
2024 · €152,621
Debt to equity
1.10▼
2024 · 1.28
ROE
16.0%▲
2024 · 14.2%
Interest coverage
11.97▲
2024 · 7.93
Debt ≤ 1 year
€223,653▼
2024 · €246,319
Debt > 1 year
€583,427▼
2024 · €652,606
Income taxes
€35,095▲
2024 · €27,383
Staff costs
€143,752▼
2024 · €144,268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,695 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.6m▼
Fixed assets21/28€1.2m€1.2m▼
Intangible fixed assets21€0.02m€0.008m▼
Tangible fixed assets22/27€1.2m€1.2m▼
Land and buildings22€1.1m€1.1m▼
Plant, machinery and equipment23€0.09m€0.07m▼
Furniture and vehicles24€0.01m€0.006m▼
Other tangible fixed assets26€0.05m€0.04m▼
Current assets29/58€0.4m€0.4m▼
Amounts receivable within one year40/41€0.003m€0.02m▲
Other amounts receivable41€0.003m€0.02m▲
Cash at bank and in hand54/58€0.4m€0.4m▼
Deferred charges and accrued income490/1€0.01m€0.009m▼
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m▼
Equity10/15€0.7m€0.8m▲
Contributions10/11€0.02m€0.02m=
Contributions outside capital11€0.02m€0.02m=
Other1109/19€0.02m€0.02m=
Reserves13€0.7m€0.7m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€0.7m€0.7m▲
Amounts payable17/49€0.9m€0.8m▼
Amounts payable after more than one year17€0.7m€0.6m▼
Financial debts170/4€0.7m€0.6m▼
Amounts payable within one year42/48€0.2m€0.2m▼
Current portion of amounts payable after more than one year42€0.07m€0.07m▲
Financial debts43€0.01m€0.02m▲
Credit institutions430/8€0.01m€0.02m▲
Trade debts44€0.09m€0.02m▼
Suppliers440/4€0.09m€0.02m▼
Taxes, remuneration and social security45€0.08m€0.02m▼
Taxes450/3€0.05m€0.006m▼
Remuneration and social security454/9€0.03m€0.01m▼
Other amounts payable47/48€0.001m€0.1m▲
Accrued charges and deferred income492/3€0.04m€0.02m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.1m€0.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.04m▼
Other operating charges640/8€0.01m€0.02m▲
Gross operating margin9900€0.4m€0.4m▲
Operating profit (loss)9901€0.2m€0.2m▲
Financial income75/76B€34€0.004m▲
Recurring financial income75€34€0.004m▲
Financial charges65/66B€0.03m€0.02m▼
Recurring financial charges65€0.03m€0.02m▼
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.03m€0.04m▲
Profit (loss) for the period9904€0.1m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▲
Transfer from equity791/2€0.2m€0.1m▼
Transfer to equity691/2€0.1m€0.1m▲
To other reserves6921€0.1m€0.1m▲
Profit to be distributed694/7€0.2m€0.1m▼
Return on contributions (dividend)694€0.2m€0.1m▼
Social balance sheet
Average headcount (FTE)90875.24.2▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€76,860€93,184€123,011€144,268€143,752▼ 0.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152,611€98,962€52,553€39,948€39,376€46,772€48,237€44,164▼ 8.4%
Other operating charges640/8---€1,266€13,124€8,319€10,333€16,062▲ 55.4%
Gross operating margin9900€479,725€434,356€363,776€461,946€523,265€543,141€360,551€373,006▲ 3.5%
Operating profit (loss)9901€202,655€204,247€202,221€343,873€377,581€365,038€157,713€169,029▲ 7.2%
Financial income75/76B---€176€240€70€34€4,165▲ 12,003%
Recurring financial income75€1,426€5,460€33€176€240€70€34€4,165▲ 12,003%
Financial charges65/66B---€26,034€24,831€33,853€25,980€17,815▼ 31.4%
Recurring financial charges65€6,135€25,600€28,718€26,034€24,831€33,853€25,980€17,815▼ 31.4%
Profit (loss) for the period before taxes9903€197,946€184,107€173,536€318,015€352,990€331,255€131,767€155,379▲ 17.9%
Income taxes67/77€44,629€40,385€16,844€72,521€86,998€80,937€27,383€35,095▲ 28.2%
Profit (loss) for the period9904€153,316€143,722€156,692€245,495€265,992€250,318€104,384€120,284▲ 15.2%
Profit (loss) for the period to be appropriated9905€153,316€143,722€156,692€245,495€265,992€250,318€104,384€120,284▲ 15.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.3m€1.6m€1.7m€1.9m€1.7m€1.9m€1.7m€1.6m▼ 5.5%
Fixed assets21/28€1.0m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m▼ 3.6%
Intangible fixed assets21€0.07m€0.06m€0.05m€0.04m€0.03m€0.02m€0.02m€0.008m▼ 50.0%
Tangible fixed assets22/27€0.9m€1.1m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m▼ 2.9%
Land and buildings22---€1.1m€1.1m€1.1m€1.1m€1.1m▼ 0.8%
Plant, machinery and equipment23---€0.05m€0.05m€0.1m€0.09m€0.07m▼ 15.8%
Furniture and vehicles24---€0.01m€0.02m€0.01m€0.01m€0.006m▼ 44.0%
Other tangible fixed assets26---€0.04m€0.03m€0.02m€0.05m€0.04m▼ 17.3%
Financial fixed assets28€0.001m€0.001m-------
Current assets29/58€0.3m€0.4m€0.5m€0.7m€0.5m€0.7m€0.4m€0.4m▼ 11.1%
Amounts receivable after more than one year29---€0.2m-----
Other amounts receivable291---€0.2m-----
Amounts receivable within one year40/41€0.008m€0.004m€0.03m€0.02m€0.01m€0.009m€0.003m€0.02m▲ 598%
Trade receivables40---€0.005m€0.005m€0.009m---
Other amounts receivable41---€0.01m€0.01m-€0.003m€0.02m▲ 598%
Cash at bank and in hand54/58€0.3m€0.4m€0.4m€0.5m€0.5m€0.7m€0.4m€0.4m▼ 14.2%
Deferred charges and accrued income490/1---€0.01m€0.02m€0.01m€0.01m€0.009m▼ 32.8%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.6m€1.7m€1.9m€1.7m€1.9m€1.7m€1.6m▼ 5.5%
Equity10/15€0.2m€0.4m€0.5m€0.8m€0.6m€0.9m€0.7m€0.8m▲ 2.8%
Contributions10/11€0.006m€0.006m-€0.006m€0.02m€0.02m€0.02m€0.02m=
Contributions outside capital11---€0.006m€0.02m€0.02m€0.02m€0.02m=
Other1109/19---€0.006m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.2m€0.4m€0.5m€0.8m€0.6m€0.8m€0.7m€0.7m▲ 2.8%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Distributable reserves133---€0.8m€0.6m€0.8m€0.7m€0.7m▲ 2.8%
Amounts payable17/49€1.0m€1.3m€1.2m€1.1m€1.1m€1.1m€0.9m€0.8m▼ 12.0%
Amounts payable after more than one year17€0.8m€1.0m€0.9m€0.9m€0.8m€0.7m€0.7m€0.6m▼ 10.6%
Financial debts170/4---€0.9m€0.8m€0.7m€0.7m€0.6m▼ 10.6%
Amounts payable within one year42/48€0.2m€0.3m€0.2m€0.2m€0.2m€0.3m€0.2m€0.2m▼ 9.2%
Current portion of amounts payable after more than one year42---€0.07m€0.07m€0.07m€0.07m€0.07m▲ 2.2%
Financial debts43---€0.01m€0.01m€0.01m€0.01m€0.02m▲ 65.9%
Credit institutions430/8---€0.01m€0.01m€0.01m€0.01m€0.02m▲ 65.9%
Trade debts44€0.03m€0.008m€0.03m€0.04m€0.04m€0.06m€0.09m€0.02m▼ 81.8%
Suppliers440/4---€0.04m€0.04m€0.06m€0.09m€0.02m▼ 81.8%
Taxes, remuneration and social security45---€0.05m€0.1m€0.1m€0.08m€0.02m▼ 73.5%
Taxes450/3---€0.04m€0.1m€0.1m€0.05m€0.006m▼ 88.0%
Remuneration and social security454/9---€0.01m€0.01m€0.02m€0.03m€0.01m▼ 43.9%
Other amounts payable47/48---€0.02m€0.003m€0.002m€0.001m€0.1m▲ 7,954%
Accrued charges and deferred income492/3---€0.07m€0.05m€0.05m€0.04m€0.02m▼ 51.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€153,316€143,722€156,692€245,495€265,992€250,318€104,384€120,284▲ 15.2%
+ Depreciation and write-downs630€152,611€98,962€52,553€39,948€39,376€46,772€48,237€44,164▼ 8.4%
Operating cash flow (approximation)€305,928€242,684€209,245€285,442€305,368€297,090€152,621€164,448▲ 7.7%
Investment in fixed assets (approximation)--€344,213-€66,674-€27,665-€25,501-€79,486-€64,368€0-
Change in cash-€132,512€23,327€36,833-€34,683€209,333-€238,772-€59,672▲ 75.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 31-08-2026 2026-00482831
31-12-2024 abbreviated format 29-09-2025 2025-00524726
31-12-2023 abbreviated format 29-10-2024 2024-00528128
31-12-2022 abbreviated format 02-11-2023 2023-00507525
31-12-2021 abbreviated format 27-10-2022 2022-20479395
31-12-2020 abbreviated format 31-08-2021 2021-63600565
31-12-2019 abbreviated format 20-01-2021 2021-01200332
31-12-2018 micro format 30-08-2019 2019-57600207
31-12-2017 micro format 06-08-2018 2018-44000169
31-12-2016 micro format 11-07-2017 2017-31000016

Show all 12 filings

Similar companies · same sector, comparable size

Of the 6,644 active companies whose main activity is day spas, saunas and steam baths (NACE 96230), figures are known for 625. 224 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 7 entries · €29,212 awarded · €29,212 paid
Year Entries AwardedPaid
2025 2 €10,483€10,483
2024 3 €17,777€17,777
2023 1 €906€906
2022 1 €46€46
Schemes
2 entries · €18,860 · €18,860 paid · Departement Werk en Sociale Economie
2 entries · €8,800 · €8,800 paid · Fonds voor Innoveren en Ondernemen
2 entries · €1,506 · €1,506 paid · Fonds voor Innoveren en Ondernemen
1 entry · €46 · €46 paid · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.