APOLLONIA
ActiveSummary
APOLLONIA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €331,005. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+23
Solvency92▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.63 in 2024; short-term debt: 32% and cash: 0.9% of total assets), and 32.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.5%
Return on assets
6.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 29-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
7 d early
2022
3 d early
2021
1 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. Usually files around 27 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 today30-12-2026 close30-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by equity in West Flanders, Other manufacturing sector#8 company by total assets in West Flanders, Other manufacturing sector
Equity
€3.2m▲ 13.8%
2024 · €2.8m
Total assets
€4.8m▲ 5.7%
2024 · €4.5m
Net result
€331,005▲ 236%
2024 · €98,624
Working capital
€1.3m▲ 27.5%
2024 · €1.0m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 32, Other manufacturing, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€232,294▲ 26.6%€143,959▼ 38.0%€165,544▲ 15.0%€243,305▲ 47.0%€396,334▲ 62.9%
Net result€74,973above the sector's middle half▼ 23.8%€122,510above the sector's middle half▲ 63.4%€75,798above the sector's middle half▼ 38.1%€98,624above the sector's middle half▲ 30.1%€331,005above the sector's middle half▲ 236%
Equity€2.5mabove the sector's middle half▲ 3.0%€2.7mabove the sector's middle half▲ 4.8%€2.7mabove the sector's middle half▲ 2.8%€2.8mabove the sector's middle half▲ 3.6%€3.2mabove the sector's middle half▲ 13.8%
Total assets€4.3mabove the sector's middle half▲ 18.8%€4.4mabove the sector's middle half▲ 2.8%€4.5mabove the sector's middle half▲ 1.1%€4.5mabove the sector's middle half▲ 1.5%€4.8mabove the sector's middle half▲ 5.7%
Debt€1.7m▲ 44.4%€1.7m▼ 0.1%€1.6m▼ 1.5%€1.6m▼ 2.0%€1.5m▼ 4.4%
Working capital€849,469above the sector's middle half▼ 11.8%€951,609above the sector's middle half▲ 12.0%€885,187above the sector's middle half▼ 7.0%€1.0mabove the sector's middle half▲ 13.8%€1.3mabove the sector's middle half▲ 27.5%
Solvency59.2%within the sector's middle half▼ 9.0pp60.4%within the sector's middle half▲ 1.2pp61.4%within the sector's middle half▲ 1.0pp62.7%within the sector's middle half▲ 1.3pp67.5%within the sector's middle half▲ 4.8pp
Current ratio1.51within the sector's middle half▼ 0.331.57within the sector's middle half▲ 0.061.54within the sector's middle half▼ 0.031.63within the sector's middle half▲ 0.091.84within the sector's middle half▲ 0.21
Return on assets (ROA)1.7%within the sector's middle half▼ 1.0pp2.8%within the sector's middle half▲ 1.0pp1.7%within the sector's middle half▼ 1.1pp2.2%within the sector's middle half▲ 0.5pp6.9%within the sector's middle half▲ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +236% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 63% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€2.0m ▲ 2.8%
Current assets
€2.8m ▲ 7.9%
Equity and liabilities €4.8m
Equity
€3.2m ▲ 13.8%
Provisions
€27,157 ▼ 70.1%
Debt
€1.5m ▼ 4.4%
Debt's share of the balance-sheet total falls from 35.4% to 32.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€472,549▲
2024 · €319,220
Cash flow
€407,219▲
2024 · €174,539
Debt to equity
0.47▼
2024 · 0.56
ROE
10.2%▲
2024 · 3.5%
Interest coverage
4.90▲
2024 · 2.78
Debt ≤ 1 year
€1.5m▼
2024 · €1.6m
Income taxes
€80,459▲
2024 · €48,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 20,134 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €125,609 | - | - | €239,248 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125,078 | €80,338 | €85,573 | €75,915 | €76,215 | ▲ 0.4% |
| Other operating charges640/8 | €9,843 | €9,606 | €11,747 | €16,285 | €16,360 | ▲ 0.5% |
| Non-recurring operating charges66A | €878 | - | - | €324 | - | - |
| Gross operating margin9900 | €368,093 | €233,903 | €262,864 | €335,829 | €488,909 | ▲ 45.6% |
| Operating profit (loss)9901 | €232,294 | €143,959 | €165,544 | €243,305 | €396,334 | ▲ 62.9% |
| Financial income75/76B | €4,084 | €100,445 | €38,461 | €18,109 | €110,724 | ▲ 511% |
| Recurring financial income75 | €4,084 | €100,445 | €38,461 | €18,109 | €110,724 | ▲ 511% |
| Financial charges65/66B | €46,393 | €64,125 | €86,575 | €114,789 | €96,457 | ▼ 16.0% |
| Recurring financial charges65 | €46,393 | €64,125 | €86,575 | €114,789 | €96,457 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €189,984 | €180,280 | €117,430 | €146,625 | €410,601 | ▲ 180% |
| Transfer from deferred taxes780 | €708 | €952 | €862 | €862 | €862 | = |
| Transfer to deferred taxes680 | €94,207 | - | - | - | - | - |
| Income taxes67/77 | €21,513 | €58,722 | €42,494 | €48,864 | €80,459 | ▲ 64.7% |
| Profit (loss) for the period9904 | €74,973 | €122,510 | €75,798 | €98,624 | €331,005 | ▲ 236% |
| Transfer from tax-exempt reserves789 | €2,123 | €2,855 | €2,585 | €2,585 | €2,585 | = |
| Transfer to tax-exempt reserves689 | €31,402 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45,694 | €125,365 | €78,383 | €101,208 | €333,589 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.4m | €4.5m | €4.5m | €4.8m | ▲ 5.7% |
| Fixed assets21/28 | €1.8m | €1.8m | €2.0m | €1.9m | €2.0m | ▲ 2.8% |
| Tangible fixed assets22/27 | €1.8m | €1.8m | €2.0m | €1.9m | €2.0m | ▲ 2.8% |
| Land and buildings22 | €1.8m | €1.8m | €1.9m | €1.9m | €1.8m | ▼ 3.8% |
| Plant, machinery and equipment23 | €1,183 | €876 | €568 | €261 | €8,792 | ▲ 3,270% |
| Furniture and vehicles24 | €904 | €643 | €4,221 | €4,940 | €3,435 | ▼ 30.5% |
| Other tangible fixed assets26 | - | - | €70,816 | €70,816 | €187,816 | ▲ 165% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €2.5m | €2.6m | €2.5m | €2.6m | €2.8m | ▲ 7.9% |
| Amounts receivable within one year40/41 | €159,461 | €48,941 | €106,569 | €7,533 | €355,358 | ▲ 4,617% |
| Trade receivables40 | €141,171 | €26,790 | €34,575 | €4,700 | €47,548 | ▲ 912% |
| Other amounts receivable41 | €18,290 | €22,151 | €71,994 | €2,834 | €307,809 | ▲ 10,763% |
| Current investments50/53 | €1.4m | €1.7m | €2.3m | €2.0m | €2.4m | ▲ 19.7% |
| Cash at bank and in hand54/58 | €944,886 | €850,728 | €121,808 | €583,585 | €42,879 | ▼ 92.7% |
| Deferred charges and accrued income490/1 | €2,152 | €3,887 | €4,485 | €2,783 | €3,743 | ▲ 34.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.4m | €4.5m | €4.5m | €4.8m | ▲ 5.7% |
| Equity10/15 | €2.5m | €2.7m | €2.7m | €2.8m | €3.2m | ▲ 13.8% |
| Contributions10/11 | €632,623 | €632,623 | €632,623 | €632,623 | €632,623 | = |
| Capital10 | €632,623 | - | - | - | - | - |
| Issued capital100 | €632,623 | - | - | - | - | - |
| Outside capital11 | - | €632,623 | €632,623 | €632,623 | €632,623 | = |
| Other1109/19 | - | €632,623 | €632,623 | €632,623 | €632,623 | = |
| Reserves13 | €338,776 | €461,286 | €537,084 | €635,708 | €1.0m | ▲ 61.9% |
| Non-distributable reserves130/1 | €63,262 | €63,262 | €63,262 | €63,262 | €63,262 | = |
| Reserves not available under the articles1311 | €63,262 | €63,262 | €63,262 | €63,262 | €63,262 | = |
| Tax-exempt reserves132 | €29,279 | €26,424 | €23,840 | €21,255 | €81,475 | ▲ 283% |
| Distributable reserves133 | €246,235 | €371,599 | €449,982 | €551,191 | €884,780 | ▲ 60.5% |
| Profit (loss) carried forward14 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Provisions and deferred taxes16 | €93,499 | €92,547 | €91,685 | €90,823 | €27,157 | ▼ 70.1% |
| Deferred taxes168 | €93,499 | €92,547 | €91,685 | €90,823 | €27,157 | ▼ 70.1% |
| Amounts payable17/49 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.4% |
| Amounts payable within one year42/48 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.4% |
| Trade debts44 | €9,120 | €8,557 | €4,668 | €3,451 | €8,209 | ▲ 138% |
| Suppliers440/4 | €9,120 | €8,557 | €4,668 | €3,451 | €8,209 | ▲ 138% |
| Taxes, remuneration and social security45 | €15,944 | €24,285 | €35,244 | €59,912 | €43,205 | ▼ 27.9% |
| Taxes450/3 | €15,944 | €24,285 | €35,244 | €59,912 | €43,205 | ▼ 27.9% |
| Other amounts payable47/48 | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,058 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,973 | €122,510 | €75,798 | €98,624 | €331,005 | ▲ 236% |
| + Depreciation and write-downs630 | €125,078 | €80,338 | €85,573 | €75,915 | €76,215 | ▲ 0.4% |
| Operating cash flow (approximation) | €200,051 | €202,848 | €161,371 | €174,539 | €407,219 | ▲ 133% |
| Investment in fixed assets (approximation) | - | -€99,756 | -€226,931 | -€51,912 | -€130,278 | ▼ 151% |
| Change in cash | - | -€94,158 | -€728,921 | €461,777 | -€540,706 | ▼ 217% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-12
Financial
Highest result since 2018net €331,005 ▲236%
Operating result €396,334, net result €331,005, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 1990
Ground area
8,381 m²
Building footprint
1,225 m²
Volume, LiDAR
1,566 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
J. & B. VERBEKE & CO
since 19902.050.667.496
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33303E0223/00H000 | Flanders | 5,927 m² | 1 · 307 m² | 8.6 m · 2 fl. |
| 42014B1549/00C000 | Flanders | 2,455 m² | 1 · 918 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,248 companies in this sector we hold annual accounts for 694. 248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded21-09-1990
Fiscal year end30-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442076213
Also
9925:BE0442076213
Registered
20-03-2026
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.