APOSTAR (0807.195.396): annual accounts, directors and company register

APOSTAR

Kortrijk ·KBO/BCE: BE 0807.195.396

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

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%	0.9%
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%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	7,396	7,396	7,205	5,071	34,860	57,824	54,481	40,337	44,592	38,586	42,334	59,099	45,518	62,230	28,277	17,367	18,486
Fixed assets`21/28`	-	-	-	-	6,916	9,297	11,678	10,985	13,065	15,146	17,465	13,977	825	219	329	-	-
Intangible fixed assets`21`	-	-	-	-	5,174	6,974	8,774	7,500	9,000	10,500	12,000	13,500	-	-	-	-	-
Tangible fixed assets`22/27`	-	-	-	-	1,742	2,323	2,904	3,485	4,065	4,646	5,465	477	825	219	329	-	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	239	477	825	219	329	-	-
Other tangible fixed assets`26`	-	-	-	-	1,742	2,323	2,904	3,485	4,065	4,646	5,227	-	-	-	-	-	-
Current assets`29/58`	7,396	7,396	7,205	5,071	27,943	48,527	42,804	29,353	31,526	23,440	24,869	45,122	44,692	62,011	27,948	17,367	18,486
Stocks and contracts in progress`3`	-	-	-	-	113	252	1,117	328	1,254	1,142	5,827	3,129	-	-	-	-	-
Stocks`30/36`	-	-	-	-	113	252	1,117	328	1,254	1,142	5,827	3,129	-	-	-	-	-
Amounts receivable within one year`40/41`	7,396	7,396	7,205	5,062	21,613	37,192	36,134	21,494	25,833	18,261	11,194	14,394	16,742	54,323	22,130	16,500	17,000
Trade receivables`40`	4,915	4,915	4,724	2,997	18,878	36,938	34,311	21,494	25,824	18,261	6,841	4,255	2,242	32,656	-	-	-
Other amounts receivable`41`	2,481	2,481	2,481	2,065	2,735	254	1,823	-	9	-	4,353	10,138	14,500	21,667	22,130	16,500	17,000
Cash at bank and in hand`54/58`	-	-	-	9	6,217	11,084	5,553	7,530	4,440	4,037	7,848	14,094	27,950	7,206	5,199	867	1,486
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	-	13,505	-	482	619	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	7,396	7,396	7,205	5,071	34,860	57,824	54,481	40,337	44,592	38,586	42,334	59,099	45,518	62,230	28,277	17,367	18,486
Equity`10/15`	-77,894	-73,889	-73,501	-69,791	-33,875	-19,342	-13,186	-10,400	-1,232	-20,238	-13,906	21,889	28,066	23,372	23,595	17,367	18,486
Contributions`10/11`	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Issued capital`100`	-	-	-	-	-	-	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Reserves`13`	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	7,000	2,000	2,000	-	-
Non-distributable reserves`130/1`	-	-	2,000	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-
Reserves not available under the articles`1311`	-	-	2,000	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	2,000	2,000	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-
Profit (loss) carried forward`14`	-99,894	-95,889	-95,501	-91,791	-55,875	-41,342	-35,186	-32,400	-23,232	-42,238	-35,906	-111	1,066	1,372	1,595	-2,633	-1,514
Amounts payable`17/49`	85,290	81,285	80,706	74,862	68,735	77,167	67,667	50,738	45,824	58,824	56,240	37,210	17,451	38,858	4,682	-	-
Amounts payable within one year`42/48`	85,290	81,285	80,706	74,862	68,735	77,167	67,667	50,738	45,824	58,824	56,240	37,210	17,451	19,319	4,682	-	-
Trade debts`44`	4,777	772	193	10,263	20,236	3,478	1,481	2,584	1,491	15,048	13,919	25,987	2,827	18,476	3,321	-	-
Suppliers`440/4`	4,777	772	193	10,263	20,236	3,478	1,481	2,584	1,491	15,048	13,919	25,987	2,827	18,476	3,321	-	-
Taxes, remuneration and social security`45`	-	-	500	500	-	77	15	924	5,165	1,002	0	6,371	10,844	843	1,361	-	-
Taxes`450/3`	-	-	-	-	-	77	15	924	3,517	1,002	0	6,371	9,856	843	1,361	-	-
Remuneration and social security`454/9`	-	-	500	500	-	-	-	-	1,648	-	-	-	988	-	-	-	-
Other amounts payable`47/48`	80,513	80,513	80,013	64,100	48,499	73,611	66,171	47,229	39,168	42,773	42,321	4,852	3,780	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	19,539	-	-	-
Income statement
Gross operating margin`9900`	-3,303	-	-3,034	-13,666	-10,777	-1,666	1,707	-5,847	22,892	-1,125	-29,876	-92	12,815	704	7,370	-761	-896
Goods, raw materials, services and sundry goods`60/61`	-	-	3,034	13,666	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	2,381	2,381	2,307	2,081	2,081	2,319	2,319	1,848	348	110	110	-	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	14,272	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	702	387	547	625	693	511	629	625	502	580	577	696	778	607	411	348	695
Non-recurring operating charges`66A`	-	-	-	6,916	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-4,006	-387	-3,581	-35,478	-13,851	-4,558	-1,229	-8,553	20,310	-4,024	-32,772	-2,636	11,688	-13	6,849	-1,109	-1,591
Financial income`75/76B`	-	-	-	-	-	-	14	0	24	1	1	10	22	6	1	6	189
Recurring financial income`75`	-	-	-	-	-	-	14	0	24	1	1	10	22	6	1	6	189
Financial charges`65/66B`	-	-	129	438	681	1,599	1,571	615	1,328	2,309	3,024	3,549	4,306	215	124	44	84
Recurring financial charges`65`	-	-	129	438	681	1,599	1,571	615	1,328	2,309	3,024	3,549	4,306	215	124	44	84
Profit (loss) for the period before taxes`9903`	-4,006	-387	-3,710	-35,916	-14,533	-6,157	-2,786	-9,168	19,006	-6,332	-35,795	-6,175	7,404	-222	6,726	-1,147	-1,486
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	0	2	2,711	1	498	-28	28
Profit (loss) for the period`9904`	-4,006	-387	-3,710	-35,916	-14,533	-6,157	-2,786	-9,168	19,006	-6,332	-35,795	-6,177	4,694	-223	6,228	-1,119	-1,514
Profit (loss) for the period to be appropriated`9905`	-4,006	-387	-3,710	-35,916	-14,533	-6,157	-2,786	-9,168	19,006	-6,332	-35,795	-6,177	4,694	-223	6,228	-1,119	-1,514
Appropriation of the result
Profit (loss) to be appropriated`9906`	-99,894	-95,889	-95,501	-91,791	-55,875	-41,342	-35,186	-32,400	-23,232	-42,238	-35,906	-5,111	6,066	1,372	3,595	-2,633	-1,514
Profit (loss) brought forward from the previous period`14P`	-95,889	-95,501	-91,791	-55,875	-41,342	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-	2,000	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	01-07-2026	2026-00243138	PDF
31-12-2024	micro format	20-08-2025	2025-00386125	PDF
31-12-2023	micro format	30-07-2024	2024-00304743	PDF
31-12-2022	micro format	26-09-2023	2023-00454267	PDF
31-12-2021	micro format	17-11-2022	2022-20521726	PDF
31-12-2020	micro format	25-11-2021	2021-78300035	PDF
31-12-2019	micro format	31-08-2020	2020-48100169	PDF
31-12-2018	micro format	25-09-2019	2019-65700473	PDF
31-12-2017	micro format	23-09-2018	2018-64700396	PDF
31-12-2016	micro format	25-07-2017	2017-36300557	PDF
31-12-2015	abbreviated format	28-07-2016	2016-38000371	PDF
31-12-2014	abbreviated format	25-08-2015	2015-46900454	PDF
31-12-2013	abbreviated format	29-09-2014	2014-61200564	PDF
31-12-2012	abbreviated format	21-11-2013	2013-66700175	PDF
31-12-2011	abbreviated format	09-11-2012	2012-63600491	PDF
31-12-2010	abbreviated format	30-05-2011	2011-13600429	PDF
31-12-2009	abbreviated format	21-05-2010	2010-12800303	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	-	-	-	-	-11,471	-2,177	1,078	-6,472	22,391	-1,704	-30,453	-788	12,037	97	6,959	-	-
Cash flow	-	-	-	-	-12,152	-3,776	-479	-7,087	21,087	-4,013	-33,476	-4,329	5,042	-113	6,338	-	-
Investment in fixed assets (approximation)	-	-	-	-	0	0	3,000	0	0	0	5,808	15,000	954	0	439	-	-
Change in cash	-	-	-	-6,208	-4,866	5,530	-1,977	3,090	403	-3,811	-6,246	-13,856	20,744	2,007	4,332	-619	-
Working capital	-77,894	-73,889	-73,501	-69,791	-40,791	-28,639	-24,864	-21,385	-14,298	-35,384	-31,371	7,912	27,241	42,692	23,266	-	-
Solvency	-	-999.0%	-	-	-97.2%	-33.5%	-24.2%	-25.8%	-2.8%	-52.4%	-32.8%	37.0%	61.7%	37.6%	83.4%	100.0%	100.0%
Current ratio	0.09	0.09	0.09	0.07	0.41	0.63	0.63	0.58	0.69	0.40	0.44	1.21	2.56	3.21	5.97	-	-
Quick ratio	0.09	0.09	0.09	0.07	0.40	0.63	0.62	0.57	0.66	0.38	0.34	1.13	2.56	3.21	5.97	-	-
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	1.70	0.62	1.66	0.20	-	-
ROE	-	-	-	-	-	-	-	-	-	-	-	-28.2%	16.7%	-1.0%	26.4%	-6.4%	-8.2%
ROA	-54.2%	-5.2%	-51.5%	-708.2%	-41.7%	-10.6%	-5.1%	-22.7%	42.6%	-16.4%	-84.6%	-10.5%	10.3%	-0.4%	22.0%	-6.4%	-8.2%
Interest coverage	-	-	-	-	-16.84	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	23 days	274 days	-	-	-	-	-	-	-	-	-	-	-	-	-

Overview

Lifetime

Key points

Equity

Losses

Debts

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Official details

Annual accounts 2025

Insights on APOSTAR

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Filed annual accounts

Filings

Key figures and ratios

Insights on APOSTAR

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Network & group

Group

Belgium 1 Equity Result

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels