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APOPARK

Active
Public limited companyfounded 197254 yrs activeTiensestraat 81, 3000 Leuven, BelgiumKBO/BCE: BE 0411.894.860
Summary

APOPARK has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122,177 and a net result of €53,977. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency85▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.92 in 2023; short-term debt: 38.1% and cash: 30.1% of total assets), and 40.5% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 54 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
19 d early
2022
23 d late
2021
11 d early
2020
36 d early
2019
53 d late
← 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

APOPARK was incorporated on 27 January 1972.1 Total assets fell from EUR 268,829 in 2018 to EUR 205,336 in 2024 and headcount from 1 to 1.5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€122,177▲ 1.6%
2023 · €120,273
Total assets
€205,336▼ 5.8%
2023 · €217,999
Net result
€53,977▼ 7.1%
2023 · €58,119
Working capital
€105,572▲ 18.0%
2023 · €89,477
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€7,328€36,095€58,217▲ 61.3%€74,648▲ 28.2%€75,497▲ 1.1%
Net result-€9,693below the sector's middle half€22,887within the sector's middle half€42,623within the sector's middle half▲ 86.2%€58,119within the sector's middle half▲ 36.4%€53,977within the sector's middle half▼ 7.1%
Equity€146,816within the sector's middle half▼ 6.2%€134,491within the sector's middle half▼ 8.4%€120,273within the sector's middle half▼ 10.6%€120,273within the sector's middle half=€122,177within the sector's middle half▲ 1.6%
Total assets€216,169below the sector's middle half▼ 9.6%€247,101below the sector's middle half▲ 14.3%€218,844below the sector's middle half▼ 11.4%€217,999below the sector's middle half▼ 0.4%€205,336below the sector's middle half▼ 5.8%
Debt€69,352▼ 16.1%€112,610▲ 62.4%€98,571▼ 12.5%€97,726▼ 0.9%€83,159▼ 14.9%
Working capital€93,748within the sector's middle half▲ 7.7%€97,660within the sector's middle half▲ 4.2%€94,085within the sector's middle half▼ 3.7%€89,477within the sector's middle half▼ 4.9%€105,572within the sector's middle half▲ 18.0%
Solvency67.9%above the sector's middle half▲ 2.5pp54.4%within the sector's middle half▼ 13.5pp55.0%within the sector's middle half▲ 0.5pp55.2%within the sector's middle half▲ 0.2pp59.5%within the sector's middle half▲ 4.3pp
Current ratio2.46within the sector's middle half▲ 0.371.94within the sector's middle half▼ 0.522.06within the sector's middle half▲ 0.121.92within the sector's middle half▼ 0.142.35within the sector's middle half▲ 0.43
Return on assets (ROA)-4.5%below the sector's middle half▼ 20.1pp9.3%within the sector's middle half▲ 13.7pp19.5%above the sector's middle half▲ 10.2pp26.7%above the sector's middle half▲ 7.2pp26.3%above the sector's middle half▼ 0.4pp
Staff (FTE)1below the sector's middle half=0.8below the sector's middle half▼ 20.0%1below the sector's middle half▲ 25.0%1.4below the sector's middle half▲ 40.0%1.5within the sector's middle half▲ 7.1%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2020: -€7,328-€7,328Net result 2020: -€9,693-€9,693Operating result 2021: €36,095€36,095Net result 2021: €22,887€22,887Operating result 2022: €58,217€58,217Net result 2022: €42,623€42,623Operating result 2023: €74,648€74,648Net result 2023: €58,119€58,119Operating result 2024: €75,497€75,497Net result 2024: €53,977€53,97720202021202220232024€0€20,000€40,000€60,000€80,000Operating result 2022: €58,217€58,200Net result 2022: €42,623€42,600Operating result 2023: €74,648€74,600Net result 2023: €58,119€58,100Operating result 2024: €75,497€75,500Net result 2024: €53,977€54,000202220232024
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205,336
Fixed assets €21,561 ▼ 30.6%
Current assets €183,775 ▼ 1.7%
Equity and liabilities €205,336
Equity €122,177 ▲ 1.6%
Debt €83,159 ▼ 14.9%
Debt's share of the balance-sheet total falls from 44.8% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€85,000▲
2023 · €84,885
Cash flow
€63,480▼
2023 · €68,356
Quick ratio
1.36▲
2023 · 1.20
Debt to equity
0.68▼
2023 · 0.81
ROE
44.2%▼
2023 · 48.3%
Interest coverage
21.46▼
2023 · 29.06
Debt ≤ 1 year
€78,203▼
2023 · €97,457
Income taxes
€20,728▲
2023 · €14,926
Staff costs
€68,607▲
2023 · €56,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€217,999€205,336▼
Fixed assets21/28€31,065€21,561▼
Tangible fixed assets22/27€31,065€21,561▼
Plant, machinery and equipment23€2,255€1,603▼
Furniture and vehicles24€16,938€11,629▼
Other tangible fixed assets26€11,872€8,330▼
Current assets29/58€186,934€183,775▼
Stocks and contracts in progress3€69,601€77,742▲
Stocks30/36€69,601€77,742▲
Amounts receivable within one year40/41€33,491€39,376▲
Trade receivables40€33,411€35,030▲
Other amounts receivable41€80€4,347▲
Cash at bank and in hand54/58€83,085€61,817▼
Deferred charges and accrued income490/1€756€4,840▲
Equity and liabilities
Total equity and liabilities10/49€217,999€205,336▼
Equity10/15€120,273€122,177▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€58,273€60,177▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€52,073€53,977▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€97,726€83,159▼
Amounts payable within one year42/48€97,457€78,203▼
Trade debts44€25,785€26,678▲
Suppliers440/4€25,785€26,678▲
Taxes, remuneration and social security45€30,541€9,453▼
Taxes450/3€18,612€2,370▼
Remuneration and social security454/9€11,928€7,082▼
Other amounts payable47/48€41,131€42,073▲
Accrued charges and deferred income492/3€268€4,956▲
Income statement Code20232024
Remuneration, social security and pensions62€56,001€68,607▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,237€9,503▼
Other operating charges640/8€2,276€1,499▼
Gross operating margin9900€143,162€155,106▲
Operating profit (loss)9901€74,648€75,497▲
Financial income75/76B€1,319€3,169▲
Recurring financial income75€1,319€3,169▲
Financial charges65/66B€2,921€3,961▲
Recurring financial charges65€2,921€3,961▲
Profit (loss) for the period before taxes9903€73,046€74,705▲
Income taxes67/77€14,926€20,728▲
Profit (loss) for the period9904€58,119€53,977▼
Profit (loss) for the period to be appropriated9905€58,119€53,977▼
Appropriation of the result
Profit (loss) to be appropriated9906€58,119€53,977▼
Transfer from equity791/2€0€52,073▲
Transfer to equity691/2-€53,977
To other reserves6921-€53,977
Profit to be distributed694/7€58,119€52,073▼
Return on contributions (dividend)694€58,119€52,073▼
Social balance
Average headcount (FTE)90871.41.5▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€54,513€75,372€56,001€68,607▲ 22.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,094€12,643€9,648€10,237€9,503▼ 7.2%
Other operating charges640/8-€2,018€2,059€2,276€1,499▼ 34.1%
Non-recurring operating charges66A-€400----
Gross operating margin9900€71,420€105,669€145,296€143,162€155,106▲ 8.3%
Operating profit (loss)9901-€7,328€36,095€58,217€74,648€75,497▲ 1.1%
Financial income75/76B-€1,350€1,545€1,319€3,169▲ 140%
Recurring financial income75€2,076€1,350€1,545€1,319€3,169▲ 140%
Financial charges65/66B-€4,204€5,532€2,921€3,961▲ 35.6%
Recurring financial charges65€4,333€4,204€5,532€2,921€3,961▲ 35.6%
Profit (loss) for the period before taxes9903-€9,585€33,240€54,230€73,046€74,705▲ 2.3%
Income taxes67/77€109€10,354€11,608€14,926€20,728▲ 38.9%
Profit (loss) for the period9904-€9,693€22,887€42,623€58,119€53,977▼ 7.1%
Profit (loss) for the period to be appropriated9905-€9,693€22,887€42,623€58,119€53,977▼ 7.1%
Line20202021202220232024Change
Assets
Total assets20/58€216,169€247,101€218,844€217,999€205,336▼ 5.8%
Fixed assets21/28€58,156€45,513€35,865€31,065€21,561▼ 30.6%
Tangible fixed assets22/27€58,156€45,513€35,865€31,065€21,561▼ 30.6%
Plant, machinery and equipment23-€1,951€1,561€2,255€1,603▼ 28.9%
Furniture and vehicles24-€22,764€17,969€16,938€11,629▼ 31.3%
Other tangible fixed assets26-€20,798€16,335€11,872€8,330▼ 29.8%
Current assets29/58€158,013€201,589€182,980€186,934€183,775▼ 1.7%
Stocks and contracts in progress3€84,963€71,884€77,793€69,601€77,742▲ 11.7%
Stocks30/36-€71,884€77,793€69,601€77,742▲ 11.7%
Amounts receivable within one year40/41€36,414€33,342€35,475€33,491€39,376▲ 17.6%
Trade receivables40-€33,274€31,760€33,411€35,030▲ 4.8%
Other amounts receivable41-€68€3,715€80€4,347▲ 5,365%
Cash at bank and in hand54/58€33,172€84,107€65,499€83,085€61,817▼ 25.6%
Deferred charges and accrued income490/1-€12,254€4,213€756€4,840▲ 540%
Equity and liabilities
Total equity and liabilities10/49€216,169€247,101€218,844€217,999€205,336▼ 5.8%
Equity10/15€146,816€134,491€120,273€120,273€122,177▲ 1.6%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€94,510€72,491€58,273€58,273€60,177▲ 3.3%
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€66,291€52,073€52,073€53,977▲ 3.7%
Profit (loss) carried forward14-€9,693--€0€0-
Amounts payable17/49€69,352€112,610€98,571€97,726€83,159▼ 14.9%
Amounts payable within one year42/48€64,264€103,928€88,895€97,457€78,203▼ 19.8%
Trade debts44€18,790€23,944€28,467€25,785€26,678▲ 3.5%
Suppliers440/4-€23,944€28,467€25,785€26,678▲ 3.5%
Taxes, remuneration and social security45-€13,057€31,049€30,541€9,453▼ 69.0%
Taxes450/3-€6,290€15,797€18,612€2,370▼ 87.3%
Remuneration and social security454/9-€6,767€15,253€11,928€7,082▼ 40.6%
Other amounts payable47/48-€66,927€29,379€41,131€42,073▲ 2.3%
Accrued charges and deferred income492/3-€8,682€9,676€268€4,956▲ 1,746%
Line20202021202220232024Change
Profit (loss) for the period9904-€9,693€22,887€42,623€58,119€53,977▼ 7.1%
+ Depreciation and write-downs630€14,094€12,643€9,648€10,237€9,503▼ 7.2%
Operating cash flow (approximation)€4,401€35,529€52,271€68,356€63,480▼ 7.1%
Investment in fixed assets (approximation)-€0€0-€5,438€0▲ 100%
Change in cash-€50,936-€18,608€17,586-€21,268▼ 221%

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

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €58,119 ▲36.4%
Net result €58,119, the highest in the series.
23-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
20-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €22,887
Net result €22,887 after one loss-making year.
25-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Weakest financial yearnet -€9,693
Net result drops to -€9,693, the lowest in the series; recovery starts the following year.
22-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
31-12
Financial Equity above €150,000Eq €156,510 ▲31.3%
2 profitable years in a row build equity to €156,510.
05-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
16-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Leuven · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
135 m²
Building footprint
117 m²
Volume, LiDAR
1,447 m³
Parcel 24502B0483/00K000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
APOTHEEK
Tiensestraat 81, 3000 LeuvenWarehousing and support activities for transportation
since 19992.131.376.347
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24502B0483/00K000 Flanders 135 m² 1 · 117 m² 17.8 m · 5 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 · 2 entries · 111 EUR awarded · 111 EUR paid
Year Entries awardedpaid
2025 1 36 EUR36 EUR
2023 1 75 EUR75 EUR
Schemes
2 entries · 111 EUR · 111 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Leuven2.131.376.347
1 permission
Apotheek (LM>3 maand) · since 28-04-2009

Similar companies · same sector, comparable size

Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded27-01-1972
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0411894860
Also 9925:BE0411894860
Registered 16-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.