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Complete company report
Generated 23-07-2026
Active BE 0430.134.325Public limited company

APPACHE

Avenue de l'Espinette 38 ·1348 Ottignies-Louvain-la-Neuve, Belgium· 39 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of APPACHE is 0.8% (low). The 2024 annual accounts show equity of €195k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.1% per year). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €195k
Net result €-3k
Active 39 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health38Profitability0Solvency67Growth58Stability100
53 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 38
Profitability 0
Solvency 67
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.8% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1986, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
38 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · micro
€-60k€-40k€-20k€0€20kOperating result 2020: €10k€10kNet result 2020: €-51k€-51kOperating result 2021: €-5k€-5kNet result 2021: €-5k€-5kOperating result 2022: €6k€6kNet result 2022: €6k€6kOperating result 2023: €-15k€-15kNet result 2023: €-15k€-15kOperating result 2024: €-3k€-3kNet result 2024: €-3k€-3k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.1%/year).
€180k€190k€200k€210k€220k2025: €199k (€184k - €215k)2026: €199k (€183k - €215k)2027: €199k (€181k - €216k)2018: €197k2019: €201k2020: €211k2021: €207k2022: €213k2023: €198k2024: €195k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How 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).

Net profit
€-3k
+80.6% 18-24
Total assets
€405k
-3.5% 18-24
Equity
€195k
-1.5% 18-24
Working capital
€-34k
-9.3% 18-24
Debt
€210k
-5.4% 18-24
Debt ≤ 1y
€210k
-5.4% 18-24
Current ratio
0.84
-2.5% 18-24
Quick ratio
0.84
-2.5% 18-24
Solvency
48.1%
+2.2% 18-24
Debt / equity
1.08
-4.0% 18-24
ROE
-1.5%
+80.3% 18-24
ROA
-0.7%
+79.9% 18-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€-3k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€405k
Equity€195k
Debt€210k
of which ≤ 1y€210k
of which > 1y-
Working capital€-34k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.84
Quick ratio0.84
Working capital ratio-8.4%
Solvency48.1%
Debt / equity1.08
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-0.7%
ROE-1.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€405k
Fixed assets 21/28€229k
Tangible fixed assets 22/27€229k
Current assets 29/58€176k
Cash & bank 54/58€176k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€405k
Equity 10/15€195k
Contributions / capital 10/11€253k
Reserves 13€8k
Accumulated profits (losses) 14€-68k
Amounts payable 17/49€210k
Amounts payable within one year 42/48€210k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€174
Operating result 9901€-3k
Financial income 75€1
Financial charges 65€88
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation23-12-1986
StatusActive
Postal code1348
Establishment units 1 location
APACHE
Canadastraat 11, 1190 Vorst
since 19872.102.629.111
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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.

Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25386B0070/00S002 Wallonia 909 m² 1 · 215 m² 7.9 m · 2 fl.
21007A0027/00W008 Brussels 349 m² 1 · 157 m² 18.7 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
30-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
09-02-2023
State Gazette act Director changes
2022
30-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
20-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
29-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
29-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
26-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
09-02-2023 4 directors appointed, 3 resigning Director changes
  • Delphine Motte, Bestuurder
  • Barbara Motte, Bestuurder
  • Mélancollie Motte, Bestuurder
  • Delphine Motte, Gedelegeerd bestuurder
  • Thierry Motte, Gedelegeerd bestuurder
  • Maud Van Eecke, Bestuurder
  • Thierry Motte, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR APPACHE
Registered office
Avenue de l'Espinette 38
1348 Ottignies-Louvain-la-Neuve, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative