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APPELMANS VASTGOED

Active
Private limited companyfounded 1999active for 27 yearsMottedries(HE) 43, 9450 Haaltert, BelgiumKBO/BCE: BE 0465.528.635
Summary

APPELMANS VASTGOED has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€59,736. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 82% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 24-02-1999 Normal situation
Activity
Buying and selling of own real estate NACE 68110
Establishment unit
2.090.966.642 9450 Haaltert, since 05-05-1999
Financial year end
31 December
Peppol
Reachable since 18-09-2025

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€56,768
Turnover
≈ €140,000
estimated
Loss
€59,736
▼ 36.7%
Equity
€1.8m
▼ 3.2%
Total assets
€2.4m
▼ 3.7%
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateLoss of €59,736, the second in a row (financial year 2025)lowers riskSize: total assets €2.4mEquity €1.8m (74.6% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 67% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 100+1
equity 74.6% of total assets
Liquidity 64+3
short-term debt 2.2% · cash 11.4%
Profitability 66+52
return on assets -2.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (6,995 companies, NACE 68, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: 0.1%▲ +0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.29 (14.24 in 2024), above the usual 1.5. Short-term debt is 2.2% and cash 11.4% of total assets. 25.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 68, small). It does better than 84% of them on solvency, 90% on liquidity, 63% on profitability and 31% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Loss of €59,736, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Equity €1.8m (74.6% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€59,736
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
28 days early
2023
36 days early
2022
18 days early
2021
27 days early
2020
2 days early
2019
42 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 4 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€59,736 View
  • Caution: Lower net result than 93% of companies in real estatesector median €6,030 · 17,139 companies -€59,736 View

Recent changes

  1. · Gazette deed Resignation: Mieke Andries (director)
  2. · Gazette deed 2 directors appointed, 4 directors resigningResignations: Appelmans Jo Anna Maria Arthur (director) and Andries Mieke (director) · Appointments: Appelmans Jo Anna Maria Arthur (director) and Andries Mieke (director)
  3. · Gazette deed 2 directors appointed, 1 director resigningResignation: Appelmans Immobiliën BV (director) · Permanent representative: Jo Appelmans · Appointment: Andries Mieke (director)
All 19 events

Comparable companies

These companies have the same main activity as APPELMANS VASTGOED: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2m and €2.7m, founded between 1995 and 2001.

CompanyTotal assetsGross margin
APPELMANS VASTGOED Haaltert€2.4m€0.06m
HERVEE INVEST Lokeren€2.3m€0.07m
HUART HAMOIR IMMOBILIERE Brussel€2.1m€0.06m
JHM Wuustwezel€2.4m€0.05m
INVEST H EN G Schilde€2.7m€0.08m
KORTRIJK BUILDING PROJECTS Kortrijk€2.7m€0.06m
SAUVIMMO Watermaal-Bosvoorde€2.0m€0.05m
Full comparison

Key facts about APPELMANS VASTGOED

What is the company number of APPELMANS VASTGOED?
The company number of APPELMANS VASTGOED is 0465.528.635. The VAT number is the same number with BE in front: BE 0465.528.635.
Where is APPELMANS VASTGOED based?
The registered office is at Mottedries(HE) 43, 9450 Haaltert.Company details
What does APPELMANS VASTGOED do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of APPELMANS VASTGOED?
The legal form of APPELMANS VASTGOED is Private limited company (BV).
When was APPELMANS VASTGOED founded?
APPELMANS VASTGOED was founded on 24-02-1999.
Is APPELMANS VASTGOED still active?
Yes, APPELMANS VASTGOED is an active enterprise in the KBO register.
What is the turnover of APPELMANS VASTGOED?
The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €56,768 and 47 comparable companies (NACE 681). It probably lies between €76,000 and €310,000.Financials
Is APPELMANS VASTGOED profitable?
In financial year 2025, APPELMANS VASTGOED made a loss of €59,736.
Where can I find the annual accounts of APPELMANS VASTGOED?
APPELMANS VASTGOED filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of APPELMANS VASTGOED due?
APPELMANS VASTGOED must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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