APPELKANT
ActiveSummary
APPELKANT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €9k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+5
Solvency86=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.44 in 2024; short-term debt: 16.2% and cash: 10.7% of total assets), and 38.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
61.4%
Return on assets
2.4%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
35 d early
2022
30 d late
2021
9 d early
2020
22 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€232k▲ 3.6%
2024 · €224k
2018: €125k
2019: €168k
2020: €188k
2021: €197k
2022: €203k
2023: €216k
2024: €224k
2018 → 2025
Total assets
€378k▲ 3.5%
2024 · €365k
2018: €176k
2019: €393k
2020: €401k
2021: €396k
2022: €388k
2023: €373k
2024: €365k
2018 → 2025
Net result
€9k▼ 0.7%
2024 · €9k
2018: €18k
2019: €43k
2020: €20k
2021: €11k
2022: €7k
2023: €14k
2024: €9k
2018 → 2025
Working capital
€48k▲ 69.8%
2024 · €28k
2018: €119k
2019: €39k
2020: €24k
2021: €55k
2022: €34k
2023: €20k
2024: €28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€203k▲ 2.9%€216k▲ 6.2%€224k▲ 3.8%€232k▲ 3.6%
Operating result€27k-€12k▼ 55.1%€21k▲ 78.9%€12k▼ 44.2%€21k▲ 74.8%
Net result€11k-€7k▼ 38.1%€14k▲ 99.7%€9k▼ 32.0%€9k▼ 0.7%
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 2025; 2025 is 75% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378k
Fixed assets
€269k ▼ 1.6%
Current assets
€109k ▲ 18.6%
Equity and liabilities €378k
Equity
€232k ▲ 3.6%
Debt
€146k ▲ 3.2%
Debt's share of the balance-sheet total falls from 38.7% to 38.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €20k
Cash flow
€17k▲
2024 · €17k
Current ratio
1.78▲
2024 · 1.44
Debt to equity
0.63▼
2024 · 0.63
ROE
3.9%▼
2024 · 4.1%
ROA
2.4%▼
2024 · 2.5%
Interest coverage
8.55▲
2024 · 5.45
Debt ≤ 1 year
€61k▼
2024 · €64k
Debt > 1 year
€72k▲
2024 · €67k
Income taxes
€8k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€365k€378k▲
Fixed assets21/28€273k€269k▼
Tangible fixed assets22/27€23k€19k▼
Plant, machinery and equipment23€262€2k▲
Furniture and vehicles24€11k€9k▼
Other tangible fixed assets26€12k€8k▼
Financial fixed assets28€250k€250k=
Current assets29/58€92k€109k▲
Amounts receivable within one year40/41€76k€68k▼
Trade receivables40€27k€31k▲
Other amounts receivable41€50k€37k▼
Cash at bank and in hand54/58€15k€41k▲
Deferred charges and accrued income490/1€429€120▼
Equity and liabilities
Total equity and liabilities10/49€365k€378k▲
Equity10/15€224k€232k▲
Contributions10/11€6k€6k=
Reserves13€218k€226k▲
Distributable reserves133€218k€226k▲
Amounts payable17/49€142k€146k▲
Amounts payable after more than one year17€67k€72k▲
Financial debts170/4€67k€72k▲
Amounts payable within one year42/48€64k€61k▼
Current portion of amounts payable after more than one year42€36k€12k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48€22k€29k▲
Accrued charges and deferred income492/3€11k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€957€2k▲
Gross operating margin9900€21k€31k▲
Operating profit (loss)9901€12k€21k▲
Financial income75/76B€7k€0▼
Recurring financial income75€7k€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€16k€18k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€9k€9k▼
Profit (loss) for the period to be appropriated9905€9k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€9k▼
Transfer from equity791/2€1k€1k=
Transfer to equity691/2€9k€9k▼
To other reserves6921€9k€9k▼
Profit to be distributed694/7€1k€1k=
Return on contributions (dividend)694€1k€1k=
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼38.1%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €203k ▲2.9%
5 profitable years in a row build equity to €203k.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €43k ▲146%
Operating result €62k, net result €43k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲34.7%
2 profitable years in a row build equity to €168k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hove · 1 establishment unit since 2014
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.
Appelkantstraat 72540 HoveGround area
744 m²
Building footprint
143 m²
Volume, LiDAR
852 m³
Parcel 11021A0155/00R002, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APPELKANT
since 20142.234.555.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0155/00R002 | Flanders | 744 m² | 1 · 143 m² | 11.9 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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UN'DERCAST
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ORIGINAL SCRIPT
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CYBERCONSULT
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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 620 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.