APPCOM
ActiveSummary
APPCOM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,857 and a net result of €6,279. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 15.05 against 13.7 in 2023; short-term debt: 6.6% and cash: 98% of total assets), and 6.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 04-06-2025, 57 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
47 d early
2022
84 d early
2021
68 d early
2020
39 d early
2019
38 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 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€51,857▲ 11.8%
2023 · €46,378
Total assets
€55,561▲ 11.2%
2023 · €49,986
Net result
€6,279▲ 139%
2023 · €2,632
Working capital
€51,869▲ 13.6%
2023 · €45,674
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,551=€11,011▼ 24.3%€18,789▲ 70.6%€4,047▼ 78.5%€9,389▲ 132%
Net result€9,730=€7,584▼ 22.1%€12,748▲ 68.1%€2,632▼ 79.4%€6,279▲ 139%
Equity€25,813▲ 22.8%€32,597▲ 26.3%€44,546▲ 36.7%€46,378▲ 4.1%€51,857▲ 11.8%
Total assets€28,224▲ 19.6%€36,540▲ 29.5%€49,553▲ 35.6%€49,986▲ 0.9%€55,561▲ 11.2%
Debt€2,584=€3,943▲ 52.6%€5,008▲ 27.0%€3,608▼ 27.9%€3,704▲ 2.6%
Working capital€24,576▲ 23.1%€30,612▲ 24.6%€42,915▲ 40.2%€45,674▲ 6.4%€51,869▲ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 132% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €55,561
Equity
€51,857 ▲ 11.8%
Debt
€3,704 ▲ 2.6%
Debt's share of the balance-sheet total falls from 7.2% to 6.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,105▲
2023 · €4,973
Cash flow
€6,995▲
2023 · €3,559
Current ratio
15.05▲
2023 · 13.70
Debt to equity
0.07▼
2023 · 0.08
ROE
12.1%▲
2023 · 5.7%
ROA
11.3%▲
2023 · 5.3%
Interest coverage
56.30▲
2023 · 26.98
Debt ≤ 1 year
€3,692▲
2023 · €3,596
Income taxes
€2,930▲
2023 · €1,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,222 | €1,096 | €1,098 | €927 | €716 | ▼ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €105 | - |
| Other operating charges640/8 | - | €625 | €592 | €809 | €660 | ▼ 18.5% |
| Gross operating margin9900 | €17,488 | €12,732 | €20,480 | €5,783 | €10,869 | ▲ 88.0% |
| Operating profit (loss)9901 | €14,551 | €11,011 | €18,789 | €4,047 | €9,389 | ▲ 132% |
| Financial charges65/66B | - | €183 | €195 | €184 | €179 | ▼ 2.6% |
| Recurring financial charges65 | €165 | €183 | €195 | €184 | €179 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €14,386 | €10,828 | €18,595 | €3,862 | €9,209 | ▲ 138% |
| Income taxes67/77 | €4,656 | €3,243 | €5,847 | €1,230 | €2,930 | ▲ 138% |
| Profit (loss) for the period9904 | €9,730 | €7,584 | €12,748 | €2,632 | €6,279 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €9,730 | €7,584 | €12,748 | €2,632 | €6,279 | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,224 | €36,540 | €49,553 | €49,986 | €55,561 | ▲ 11.2% |
| Fixed assets21/28 | €1,564 | €2,740 | €1,642 | €716 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,564 | €2,740 | €1,642 | €716 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €2,740 | €1,642 | €716 | €0 | ▼ 100% |
| Current assets29/58 | €26,660 | €33,800 | €47,911 | €49,270 | €55,561 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €3,849 | €2,374 | €1,138 | €1,560 | €861 | ▼ 44.8% |
| Trade receivables40 | - | €1,734 | €984 | €1,137 | €591 | ▼ 48.0% |
| Other amounts receivable41 | - | €641 | €153 | €423 | €270 | ▼ 36.2% |
| Cash at bank and in hand54/58 | €23,840 | €31,152 | €46,500 | €47,437 | €54,427 | ▲ 14.7% |
| Deferred charges and accrued income490/1 | - | €273 | €273 | €273 | €273 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,224 | €36,540 | €49,553 | €49,986 | €55,561 | ▲ 11.2% |
| Equity10/15 | €25,813 | €32,597 | €44,546 | €46,378 | €51,857 | ▲ 11.8% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €19,513 | €26,297 | €38,246 | €40,078 | €45,557 | ▲ 13.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €24,437 | €36,386 | €40,078 | €45,557 | ▲ 13.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2,584 | €3,943 | €5,008 | €3,608 | €3,704 | ▲ 2.6% |
| Amounts payable within one year42/48 | €2,084 | €3,187 | €4,996 | €3,596 | €3,692 | ▲ 2.7% |
| Financial debts43 | - | €66 | €78 | €95 | €96 | ▲ 1.1% |
| Credit institutions430/8 | - | €66 | €78 | €95 | €96 | ▲ 1.1% |
| Trade debts44 | €655 | €161 | €1,089 | €1,356 | €1,161 | ▼ 14.4% |
| Suppliers440/4 | - | €161 | €1,089 | €1,356 | €1,161 | ▼ 14.4% |
| Taxes, remuneration and social security45 | - | €1,389 | €2,317 | €693 | €995 | ▲ 43.5% |
| Taxes450/3 | - | €1,389 | €2,317 | €693 | €995 | ▲ 43.5% |
| Other amounts payable47/48 | - | €1,572 | €1,512 | €1,452 | €1,440 | ▼ 0.8% |
| Accrued charges and deferred income492/3 | - | €755 | €12 | €12 | €12 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,730 | €7,584 | €12,748 | €2,632 | €6,279 | ▲ 139% |
| + Depreciation and write-downs630 | €2,222 | €1,096 | €1,098 | €927 | €716 | ▼ 22.8% |
| Operating cash flow (approximation) | €11,953 | €8,680 | €13,846 | €3,559 | €6,995 | ▲ 96.5% |
| Investment in fixed assets (approximation) | - | -€2,272 | €0 | €0 | €0 | - |
| Change in cash | - | €7,312 | €15,348 | €937 | €6,990 | ▲ 646% |
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
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2,632 ▼79.4%
Net result drops to €2,632, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €12,748 ▲68.1%
Operating result €18,789, net result €12,748, both a record.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 211 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zelzate · 1 establishment unit since 2013
Ground area
905 m²
Building footprint
125 m²
Volume, LiDAR
625 m³
Parcel 43302C0110/00V003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APPCOM
since 20132.228.862.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302C0110/00V003 | Flanders | 905 m² | 1 · 125 m² | 7.9 m · 2 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.