APPELS CONSULT
ActiveAPPELS CONSULT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334k and a net result of €29k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+86
Solvency100=
Growth79▲+27
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 9.95 against 15.01 in 2024; short-term debt: 9.3% and cash: 78.9% of total assets), and 9.3% 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 70
Relative position
BE, all sectors
reference
Sector 70
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
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
90.7%
Return on assets
7.9%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
43 d early
2023
44 d early
2022
48 d early
2021
48 d early
2020
33 d early
2019
30 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€182k▲ 99.8%
2024 · €91k
2018: €68k
2019: €259k
2020: €206k
2021: €179k
2022: €129k
2023: €272k
2024: €91k
2018 → 2025
EBIT margin
12.5%▲ 84.0pp
2024 · -71.5%
2018: 17.1%
2019: 41.9%
2020: 40.2%
2021: 36.9%
2022: 2.2%
2023: 41.0%
2024: -71.5%
2018 → 2025
Net result
€29k
2024 · €-84k
2018: €11k
2019: €82k
2020: €42k
2021: €46k
2022: €-15k
2023: €137k
2024: €-84k
2018 → 2025
Working capital
€308k▲ 19.1%
2024 · €259k
2018: €51k
2019: €145k
2020: €192k
2021: €242k
2022: €229k
2023: €320k
2024: €259k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€179k-€129k▼ 27.7%€272k▲ 111%€91k▼ 66.5%€182k▲ 99.8%
Equity€248k-€233k▼ 6.0%€389k▲ 67.0%€305k▼ 21.6%€334k▲ 9.6%
Operating result€66k-€3k▼ 95.7%€112k▲ 3,834%€-65k€23k
Net result€46k-€-15k€137k€-84k€29k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €65k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368k
Fixed assets
€26k▼ 43.8%
Current assets
€343k▲ 23.5%
Equity and liabilities €368k
Equity
€334k▲ 9.6%
Debt
€34k▲ 86.4%
The debt ratio rises from 5.7% to 9.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €-42k
Cash flow
€49k▲
2024 · €-61k
Solvency
90.7%▼
2024 · 94.3%
Current ratio
9.95▼
2024 · 15.01
Quick ratio
9.95▼
2024 · 15.01
Debt / equity
0.10▲
2024 · 0.06
ROE
8.7%▲
2024 · -27.6%
ROA
7.9%▲
2024 · -26.1%
Interest coverage
477.81▲
2024 · -417.91
Debt
€34k▲
2024 · €18k
Debt ≤ 1 year
€34k▲
2024 · €18k
Staff costs
€113k▲
2024 · €109k
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€323k€368k▲
Fixed assets21/28€46k€26k▼
Tangible fixed assets22/27€46k€26k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€42k€24k▼
Current assets29/58€277k€343k▲
Amounts receivable within one year40/41€40k€52k▲
Trade receivables40€34k€52k▲
Other amounts receivable41€6k-
Cash at bank and in hand54/58€238k€291k▲
Equity and liabilities
Total equity and liabilities10/49€323k€368k▲
Equity10/15€305k€334k▲
Contributions10/11€19k€19k=
Reserves13€49k€49k=
Distributable reserves133€49k€49k=
Profit (loss) carried forward14€238k€267k▲
Amounts payable17/49€18k€34k▲
Amounts payable within one year42/48€18k€34k▲
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€15k€26k▲
Taxes450/3-€10k
Remuneration and social security454/9€15k€16k▲
Income statement
Code20242025
Turnover70€91k€182k▲
Non-recurring operating income76A-€517
Goods, raw materials, services and sundry goods60/61€24k€26k▲
Remuneration, social security and pensions62€109k€113k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€20k▼
Other operating charges640/8€85€88▲
Gross operating margin9900€67k€156k▲
Operating profit (loss)9901€-65k€23k▲
Financial income75/76B€7k€6k▼
Recurring financial income75€634€123▼
Non-recurring financial income76B€6k€6k▲
Financial charges65/66B€323€90▼
Recurring financial charges65€100€90▼
Non-recurring financial charges66B€224-
Profit (loss) for the period before taxes9903€-59k€29k▲
Income taxes67/77€25k-
Profit (loss) for the period9904€-84k€29k▲
Profit (loss) for the period to be appropriated9905€-84k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€238k€267k▲
Profit (loss) brought forward from the previous period14P€322k€238k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (5 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-84k ▼161%
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €137k
Net result €137k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.15
Current ratio from 4.49 to 9.15; short-term debt falls from €69k to €28k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €202k ▲26.1%
3 profitable years in a row build equity to €202k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €160k ▲106%
2 profitable years in a row build equity to €160k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
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
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, Holsbeek · 1 establishment unit since 2002
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.
Dutselstraat 1603220 HolsbeekGround area
2,555 m²
Building footprint
128 m²
Volume, LiDAR
755 m³
Parcel 24056B0033/00E002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dutselstraat 160, 3220 Holsbeek
since 20022.095.653.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24056B0033/00E002 | Flanders | 2,555 m² | 1 · 128 m² | 8.1 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.
Similar companies · same sector, comparable size
GROUP WINTERLAND
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MEGALOMAAN
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BeVet Services Waremme
BE 0827.492.845
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EA CONSULTANTS
BE 1026.046.303
Machelen (Brab.) · Eq €334k
Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 37,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
69109Other legal services
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.