Turnover
The micro format states no turnover.
The micro format states no turnover.
The 2016 accounts came latest: 53 days after the end of the period.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 52% of them on solvency, 39% on liquidity, 53% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 6,908 companies had the same profile as APPELTANTS & GERLO has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APPELTANTS & GERLO itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for APPELTANTS & GERLO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.3 (0.39 in 2024), below 1. Short-term debt is 18.3% and cash 0% of total assets. 66.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 5 days after 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.
| Company | ||||
|---|---|---|---|---|
| APPELTANTS & GERLO Machelen (Brab.) | €81,390 | €11,109 | 33.6% | - |
| DConsult Tienen | €90,347 | €15,255 | 14.5% | - |
| FIX & CLEAN Sint-Gillis-Waas | €78,597 | €12,203 | 3.5% | - |
| SUNNY SIDE INC Anderlecht | €87,505 | €11,593 | -524.9% | - |
| Metatron Invest La Hulpe | €102,410 | €15,540 | -112.5% | - |
| MACOT Froidchapelle | €63,918 | €14,638 | 21.1% | - |
| CamAure Maaseik | €72,232 | €7,969 | 9.6% | - |
These companies have the same main activity as APPELTANTS & GERLO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €63,900 and €102,000, founded between 2010 and 2017.
APPELTANTS & GERLO files the micro format. That format states no turnover. The gross margin fell from €12,032 in 2016 to €11,109 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €39,000. Estimated: probably between €15,000 and €87,000.
Amounts without an identifiable currency are taken as euros.
Higher than 54% of 17,194 companies in 2025.
Higher than 22% of 16,491 companies in 2025.
Higher than 29% of 16,870 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
81,390 | 92,059 | 103,255 | 110,739 | 121,006 | 111,877 | 117,779 | 124,846 | 134,632 | 141,747 | |
20 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
21/28 |
76,869 | 86,317 | 95,766 | 105,214 | 115,865 | 105,804 | 113,362 | 120,919 | 128,477 | 136,391 | |
21 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
22/27 |
76,869 | 86,317 | 95,766 | 105,214 | 115,865 | 105,804 | 113,362 | 120,919 | 128,477 | 136,391 | |
22 |
76,578 | 85,735 | 94,893 | 104,050 | 114,410 | 105,804 | 113,362 | 120,919 | 128,477 | 136,034 | |
23 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
24 |
290 | 581 | 873 | 1,164 | 1,455 | 0 | 0 | 0 | 0 | 357 | |
26 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
27 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
28 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
29/58 |
4,521 | 5,742 | 7,490 | 5,525 | 5,141 | 6,072 | 4,417 | 3,926 | 6,155 | 5,356 | |
290 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
291 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
30/36 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
37 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
40/41 |
3,960 | 4,248 | 5,184 | 3,643 | 3,808 | 4,096 | 3,360 | 3,366 | 3,363 | 4,046 | |
40 |
3,360 | 3,523 | 5,073 | 3,615 | 3,682 | 3,360 | 3,360 | 3,360 | 3,360 | 3,360 | |
41 |
600 | 725 | 111 | 28 | 127 | 736 | 0 | 6 | 3 | 686 | |
50/53 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
54/58 |
28 | 1,048 | 1,916 | 1,511 | 1,052 | 1,597 | 439 | 274 | 2,132 | 1,311 | |
490/1 |
533 | 446 | 389 | 371 | 280 | 379 | 619 | 287 | 660 | 0 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
81,390 | 92,059 | 103,255 | 110,739 | 121,006 | 111,877 | 117,779 | 124,846 | 134,632 | 141,747 | |
10/15 |
27,340 | 28,341 | 27,636 | 25,490 | 25,407 | 11,398 | 9,475 | 7,246 | 8,138 | 7,265 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | |
11 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | |
12 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
130 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | |
1311 |
- | - | - | - | - | 0 | - | - | - | - | |
1312 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | |
1313 |
- | - | - | - | - | 0 | - | - | - | - | |
1319 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
132 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
133 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
14 |
8,740 | 9,741 | 9,036 | 6,890 | 6,807 | -7,202 | -9,125 | -11,354 | -10,462 | -11,335 | |
15 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
160/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
160 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
161 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
162 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
163 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
164/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
168 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
17/49 |
54,050 | 63,718 | 75,619 | 85,249 | 95,598 | 100,478 | 108,304 | 117,599 | 126,494 | 134,482 | |
17 |
39,131 | 49,161 | 58,960 | 68,534 | 77,887 | 87,024 | 95,951 | 104,673 | 113,194 | 121,518 | |
170/4 |
39,131 | 49,161 | 58,960 | 68,534 | 77,887 | 87,024 | 95,951 | 104,673 | 113,194 | 121,518 | |
175 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
176 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
42/48 |
14,918 | 14,556 | 16,659 | 16,715 | 17,712 | 13,454 | 12,353 | 12,927 | 13,301 | 12,964 | |
42 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
43 |
10,030 | 9,799 | 9,573 | 9,353 | 9,138 | 8,927 | 8,722 | 8,521 | 8,325 | 8,133 | |
430/8 |
10,030 | 9,799 | 9,573 | 9,353 | 9,138 | 8,927 | 8,722 | 8,521 | 8,325 | 8,133 | |
439 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
44 |
151 | 197 | 1,662 | 305 | 1,931 | - | 89 | 182 | 1,118 | 662 | |
440/4 |
151 | 197 | 1,662 | 305 | 1,931 | 0 | 89 | 182 | 1,118 | 662 | |
441 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
46 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
45 |
358 | 181 | 1,044 | 2,678 | 2,474 | 358 | 41 | 668 | 303 | - | |
450/3 |
358 | 181 | 1,044 | 2,678 | 2,474 | 358 | 41 | 668 | 303 | 0 | |
454/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
47/48 |
4,379 | 4,379 | 4,379 | 4,379 | 4,169 | 4,169 | 3,501 | 3,556 | 3,556 | 4,169 | |
492/3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
| Income statement | |||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | |
76A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9900 |
11,109 | 13,647 | 15,872 | 14,410 | 30,975 | 13,521 | 13,081 | 11,133 | 13,193 | 12,032 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | |
62 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
630 |
9,448 | 9,449 | 9,449 | 10,650 | 10,822 | 7,557 | 7,557 | 7,557 | 7,915 | 15,829 | |
631/4 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
635/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
640/8 |
1,168 | 1,519 | 1,473 | 1,340 | 1,298 | 1,577 | 864 | 1,549 | 770 | 2,081 | |
649 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
66A |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9901 |
493 | 2,679 | 4,951 | 2,419 | 18,855 | 4,387 | 4,660 | 2,027 | 4,508 | -5,878 | |
75/76B |
6 | 2 | - | - | 1 | 68 | 55 | 1 | 0 | 255 | |
75 |
6 | 2 | - | - | 1 | 68 | 55 | 1 | 0 | 255 | |
76B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
65/66B |
1,501 | 1,701 | 1,917 | 2,132 | 2,373 | 2,532 | 2,486 | 2,919 | 3,164 | 5,712 | |
65 |
1,501 | 1,701 | 1,917 | 2,132 | 2,373 | 2,532 | 2,486 | 2,919 | 3,164 | 5,712 | |
66B |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9903 |
-1,001 | 980 | 3,035 | 287 | 16,483 | 1,923 | 2,228 | -891 | 1,344 | -11,335 | |
67/77 |
- | 275 | 889 | 204 | 2,474 | 0 | 0 | 0 | 472 | 0 | |
9904 |
-1,001 | 705 | 2,145 | 83 | 14,009 | 1,923 | 2,228 | -891 | 872 | -11,335 | |
789 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
689 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9905 |
-1,001 | 705 | 2,145 | 83 | 14,009 | 1,923 | 2,228 | -891 | 872 | -11,335 | |
| Appropriation of the result | |||||||||||
9906 |
8,740 | 9,741 | 9,036 | 6,890 | 6,807 | -7,202 | -9,125 | -11,354 | -10,462 | -11,335 | |
14P |
9,741 | 9,036 | 6,890 | 6,807 | -7,202 | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
691 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
6921 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
694 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
695 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
696 |
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
| Document | |||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441757.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00441757 | |
| 31-12-2024 | micro format | 11-08-2025 | 2025-00368494 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00243194 | |
| 31-12-2022 | micro format | 01-07-2023 | 2023-00218940 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20410866 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300366 | |
| 31-12-2019 | micro format | 02-09-2020 | 2020-51500260 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54000326 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-38400576 | |
| 31-12-2016 | abbreviated format | 22-09-2017 | 2017-61800528 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,941 | 12,127 | 14,400 | 13,070 | 29,677 | 11,944 | 12,217 | 9,585 | 12,422 | 9,951 | ||
| 8,447 | 10,154 | 11,594 | 10,734 | 24,832 | 9,481 | 9,786 | 6,666 | 8,787 | 4,494 | ||
| 0 | 0 | 0 | 0 | 20,883 | 0 | 0 | 0 | 0 | 152,220 | ||
| -1,020 | -868 | 405 | 459 | -545 | 1,159 | 165 | -1,858 | 821 | - | ||
| -10,397 | -8,814 | -9,169 | -11,190 | -12,571 | -7,382 | -7,936 | -9,000 | -7,146 | -7,608 | ||
| 33.6% | 30.8% | 26.8% | 23.0% | 21.0% | 10.2% | 8.0% | 5.8% | 6.0% | 5.1% | ||
| 0.30 | 0.39 | 0.45 | 0.33 | 0.29 | 0.45 | 0.36 | 0.30 | 0.46 | 0.41 | ||
| 1.98 | 2.25 | 2.74 | 3.34 | 3.76 | 8.82 | 11.43 | 16.23 | 15.54 | 18.51 | ||
| -3.7% | 2.5% | 7.8% | 0.3% | 55.1% | 16.9% | 23.5% | -12.3% | 10.7% | -156.0% | ||
| -1.2% | 0.8% | 2.1% | 0.1% | 11.6% | 1.7% | 1.9% | -0.7% | 0.6% | -8.0% | ||
| 6.62 | 7.13 | 7.51 | 6.13 | 12.51 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €20,883 |
| €9,448 | €9,449 | €9,449 | €10,650 | €10,822 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 82% lower than in 2024 and the lowest since 2016. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 69.2% to 66.4%. Equity and debt are lower.
APPELTANTS & GERLO has no parent and no holdings in its annual accounts. APPELTANTS & GERLO shares no director with another company.
| Dr. Duran Mine
registered office since 22-12-2022 · founded in 2022 · accounts filed late |
total assets €552,748 (2024) 0795.240.741 |
| GERLAW
establishment since 07-10-2010 · founded in 2010 |
total assets €364,150 (2025) 0830.133.423 |
| Wizards
registered office since 29-04-1996 · founded in 1996 |
total assets €290,357 (2025) 0457.875.533 |
| PIZZA CLARA
registered office since 05-07-2023 · founded in 2023 |
total assets €106,776 (2025) 0803.604.913 |
| Di Cara, Vincenzo (sole trader)
establishment since 02-01-2019 |
founded in 2019 0715.953.139 |
| Pasaoglu, Pierre (sole trader)
establishment since 23-01-2018 |
founded in 2018 0688.771.957 |
| Ditutala, Flavien (sole trader)
establishment since 09-10-2014 |
founded in 2014 0563.829.920 |
| Van Rompaey, Paul (sole trader)
establishment since 13-05-2004 |
founded in 2004 0866.431.021 |
| Appeltants, Kim (sole trader)
establishment since 01-10-2001 |
founded in 2001 0818.032.375 |
| Eggerickx, Leo (sole trader)
establishment since 01-08-1996 |
founded in 1996 0727.264.923 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Dorpsplein 3 registered office 1830 Machelen (Brab.) | 12-02-2015 | 2.241.259.135 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23047A0269/00F000 | 1,348 m² | 1 · 581 m² | 14.4 m · 4 |
If something looks wrong or is missing, please tell us.