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APPELBLAUW

Active
Private limited company (pre-2019)founded 2010active for 16 yearsGasthuisstraat 100, 2440 Geel, BelgiumKBO/BCE: BE 0823.398.653
Summary

APPELBLAUW has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,707) and a net result of €257. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 273 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
APPELBLAUWActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Other manufacturing
NACE 32400
1 site
Size
€38,857total assets 2025
Equity
-€6,707
Profit
€257
Turnover not published (abbreviated or micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
2025 accounts filed 77 days late4 deeds in the Belgian Official Gazette
Why 54raises riskCapped at 59: negative equityLast filed accounts filed 77 days late; 3 of the last 3 lateNegative equity -€6,707lowers riskFounded in 2010Size: total assets €38,857Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 34% of its sector peers (NACE 32, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 8+8
equity -17.3% of total assets
Liquidity 50+50
short-term debt 109.5% · cash 57.6%
Profitability 39+16
return on assets 0.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,141 companies, NACE 32, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%▼ -0.1 percentage points vs 04-2025 06-2025: 1.1%▼ -0.1 percentage points vs 05-2025 07-2025: 1.3%▲ +0.2 percentage points vs 06-2025 08-2025: 1.6%▲ +0.3 percentage points vs 07-2025 09-2025: 1.8%▲ +0.2 percentage points vs 08-2025 10-2025: 2.3%▲ +0.5 percentage points vs 09-2025highest value 11-2025: 1.5%▼ -0.8 percentage points vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.4%▼ -0.1 percentage points vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.6 percentage points vs 07-2026 09-2026: 2.2%▲ +0.2 percentage points vs 08-2026 10-2026: 0.6%▼ -1.6 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.91, compared with 0.73 in 2024, below 1; short-term debt: 109.5% and cash: 57.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, micro): better than 13% on solvency, 45% on liquidity, 27% on profitability and 50% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 77 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 2010
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €38,857
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€6,707
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 273 sector peers (2025).
NBB · sector comparison
Position among 273 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
77 days late
2024
74 days late
2023
33 days late
2022
85 days late
2021
106 days late
2020
95 days late
2019
131 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 86 days after the deadline; the sector median (NACE 32) for financial year 2024 is 2 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€6,707 View
  • Caution: Among the weakest 9% on solvencysector median 45.1% · 273 companies -17.3% View
  • Caution: Latest accounts filed lateafter the legal deadline 77 days View

By topic

Financials

Financial year
2025
Total assets
€38,857
Profit
€257
Solvency
-17.3%
Total assets▲ 83.2%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2011
Next accounts
by 31-07-2027
  1. 31-12-2023Back to profit
  2. 24-10-2023Annual accounts filed
  3. 31-12-2022Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Other manufacturingNACE 32400
Founded
18-02-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about APPELBLAUW

What is the company number of APPELBLAUW?
0823.398.653. In Belgium the VAT number is the company number with BE in front: BE 0823.398.653.
Where is APPELBLAUW based?
The registered office is at Gasthuisstraat 100, 2440 Geel.Company details
What does APPELBLAUW do?
According to the KBO register, the main activity is other manufacturing (NACE 32400).
What is the legal form of APPELBLAUW?
Private limited company (pre-2019) (BVBA).
When was APPELBLAUW founded?
On 18-02-2010.
Is APPELBLAUW still active?
Yes, APPELBLAUW is an active enterprise in the KBO register.
What is the turnover of APPELBLAUW?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is APPELBLAUW profitable?
In financial year 2025, APPELBLAUW made a profit of €257.
Where can I find the annual accounts of APPELBLAUW?
APPELBLAUW filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of APPELBLAUW due?
By 31-07-2027, for financial year 2026.Timeline

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