APPEL ARCHITECTEN
ActiveAPPEL ARCHITECTEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.75M and a net result of €66k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 9386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 4.48 against 6.79 in 2024), and 13.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
86.6%
Return on assets
2.1%
Age of the figures
8 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
8 d early
2023
5 d early
2022
3 d early
2021
13 d early
2020
18 d early
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.75M▼ 11.2%
2024 · €3.10M
2018: €603k
2019: €647k
2020: €1.01M
2021: €950k
2022: €774k
2023: €3.10M
2024: €3.10M
2018 → 2025
Total assets
€3.18M▼ 7.0%
2024 · €3.41M
2018: €733k
2019: €708k
2020: €1.14M
2021: €1.12M
2022: €1.12M
2023: €3.92M
2024: €3.41M
2018 → 2025
Net result
€66k▲ 5.4%
2024 · €63k
2018: €63k
2019: €68k
2020: €415k
2021: €61k
2022: €53k
2023: €2.39M
2024: €63k
2018 → 2025
Working capital
€1.48M▼ 19.2%
2024 · €1.83M
2018: €25k
2019: €44k
2020: €58k
2021: €-4k
2022: €-177k
2023: €1.84M
2024: €1.83M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€950k-€774k▼ 18.6%€3.10M▲ 301%€3.10M▼ 0.2%€2.75M▼ 11.2%
Operating result€92k-€84k▼ 9.1%€86k▲ 2.6%€67k▼ 22.0%€60k▼ 10.3%
Net result€61k-€53k▼ 12.6%€2.39M▲ 4,415%€63k▼ 97.4%€66k▲ 5.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.18M
Fixed assets
€1.27M▲ 0.3%
Current assets
€1.91M▼ 11.3%
Equity and liabilities €3.18M
Equity
€2.75M▼ 11.2%
Debt
€425k▲ 34.4%
The debt ratio rises from 9.3% to 13.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€68k▼
2024 · €74k
Cash flow
€74k▲
2024 · €70k
Solvency
86.6%▼
2024 · 90.7%
Current ratio
4.48▼
2024 · 6.79
Quick ratio
4.48▼
2024 · 6.79
Debt / equity
0.15▲
2024 · 0.10
ROE
2.4%▲
2024 · 2.0%
ROA
2.1%▲
2024 · 1.8%
Interest coverage
67.81▼
2024 · 85.87
Debt
€425k▲
2024 · €316k
Debt ≤ 1 year
€425k▲
2024 · €316k
Income taxes
€28k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.41M€3.18M▼
Fixed assets21/28€1.27M€1.27M▲
Tangible fixed assets22/27€17k€20k▲
Land and buildings22€7k€11k▲
Plant, machinery and equipment23-€6k
Furniture and vehicles24€9k€3k▼
Financial fixed assets28€1.25M€1.25M=
Current assets29/58€2.15M€1.91M▼
Amounts receivable within one year40/41€1.78M€1.22M▼
Trade receivables40€19k€19k▼
Other amounts receivable41€1.76M€1.21M▼
Cash at bank and in hand54/58€367k€678k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.41M€3.18M▼
Equity10/15€3.10M€2.75M▼
Contributions10/11€19k€19k=
Reserves13€3.08M€2.73M▼
Distributable reserves133€3.08M€2.73M▼
Amounts payable17/49€316k€425k▲
Amounts payable within one year42/48€316k€425k▲
Trade debts44€237k€6k▼
Suppliers440/4€237k€6k▼
Taxes, remuneration and social security45€7k€26k▲
Taxes450/3€7k€26k▲
Other amounts payable47/48€72k€393k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€76k€71k▼
Operating profit (loss)9901€67k€60k▼
Financial income75/76B€23k€35k▲
Recurring financial income75€23k€35k▲
Financial charges65/66B€859€1k▲
Recurring financial charges65€859€1k▲
Profit (loss) for the period before taxes9903€89k€94k▲
Income taxes67/77€26k€28k▲
Profit (loss) for the period9904€63k€66k▲
Profit (loss) for the period to be appropriated9905€63k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€66k▲
Transfer from equity791/2€68k€414k▲
Transfer to equity691/2€63k€66k▲
To other reserves6921€63k€66k▲
Profit to be distributed694/7€68k€414k▲
Return on contributions (dividend)694€68k€414k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 6.79
Current ratio from 3.26 to 6.79; short-term debt falls from €814k to €316k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €2.39M ▲4415%
Net result €2.39M, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 3.26
Current ratio from 0.49 to 3.26.
31-12
Financial
Equity above €2MEq €3.10M ▲301%
6 profitable years in a row build equity to €3.10M.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €53k ▼12.6%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.01M ▲56.4%
3 profitable years in a row build equity to €1.01M.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Alken · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bulsstraat 523570 AlkenGround area
2,679 m²
Building footprint
191 m²
Volume, LiDAR
938 m³
Parcel 73302E0238/00B000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APPEL ARCHITECTEN
since 20112.200.817.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302E0238/00B000 | Flanders | 2,679 m² | 1 · 191 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BURO II & ARCHI + I
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Of 18,213 companies in sector 71111 we hold annual accounts for 6,293. 1,285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2011
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.