APPERTHY
ActiveSummary
APPERTHY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €547,268 and a net result of €184,907. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 1212 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+3
Solvency89▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 3.9 in 2024; short-term debt: 35.8% and cash: 39.5% of total assets), and 35.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
64.2%
Return on assets
21.7%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
13 d early
2022
5 d early
2021
5 d early
2020
61 d early
2019
28 d 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€547,268▼ 22.4%
2024 · €705,389
Total assets
€852,001▼ 6.6%
2024 · €912,051
Net result
€184,907▲ 4.7%
2024 · €176,605
Working capital
€439,731▼ 26.6%
2024 · €599,138
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€149,212▲ 28.0%€191,140▲ 28.1%€186,102▼ 2.6%€252,944▲ 35.9%€260,547▲ 3.0%
Net result€98,849▲ 18.7%€128,157▲ 29.6%€134,435▲ 4.9%€176,605▲ 31.4%€184,907▲ 4.7%
Equity€394,191▲ 15.8%€482,849▲ 22.5%€576,283▲ 19.4%€705,389▲ 22.4%€547,268▼ 22.4%
Total assets€669,135▲ 8.6%€736,050▲ 10.0%€772,489▲ 5.0%€912,051▲ 18.1%€852,001▼ 6.6%
Debt€274,944▼ 0.4%€253,202▼ 7.9%€196,205▼ 22.5%€206,662▲ 5.3%€304,733▲ 47.5%
Working capital€339,381▲ 21.5%€387,566▲ 14.2%€438,573▲ 13.2%€599,138▲ 36.6%€439,731▼ 26.6%
Staff (FTE)28.8▼ 4.0%29▲ 0.7%26.1▼ 10.0%24.2▼ 7.3%23.4▼ 3.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €852,001
Fixed assets
€107,537 ▲ 1.2%
Current assets
€744,464 ▼ 7.6%
Equity and liabilities €852,001
Equity
€547,268 ▼ 22.4%
Debt
€304,733 ▲ 47.5%
Debt's share of the balance-sheet total rises from 22.7% to 35.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€294,179▲
2024 · €281,913
Cash flow
€218,540▲
2024 · €205,574
Current ratio
2.44▼
2024 · 3.90
Quick ratio
2.42▼
2024 · 3.87
Debt to equity
0.56▲
2024 · 0.29
ROE
33.8%▲
2024 · 25.0%
ROA
21.7%▲
2024 · 19.4%
Interest coverage
2556.52▲
2024 · 1008.56
Debt ≤ 1 year
€304,733▲
2024 · €206,662
Income taxes
€82,348▲
2024 · €81,666
Staff costs
€962,858▼
2024 · €990,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €248 | - | €620 | €0 | €1,750 | - |
| Remuneration, social security and pensions62 | €966,076 | €1.1m | €1.1m | €990,960 | €962,858 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,298 | €9,405 | €31,389 | €28,969 | €33,632 | ▲ 16.1% |
| Other operating charges640/8 | €3,383 | €3,447 | €8,406 | €8,854 | €3,987 | ▼ 55.0% |
| Gross operating margin9900 | €1.1m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 1.6% |
| Operating profit (loss)9901 | €149,212 | €191,140 | €186,102 | €252,944 | €260,547 | ▲ 3.0% |
| Financial income75/76B | €9,899 | €22 | €7,313 | €5,607 | €6,824 | ▲ 21.7% |
| Recurring financial income75 | €9,899 | €22 | €7,313 | €5,607 | €6,824 | ▲ 21.7% |
| Financial charges65/66B | €2,516 | €3,684 | €950 | €280 | €115 | ▼ 58.8% |
| Recurring financial charges65 | €2,516 | €3,684 | €950 | €280 | €115 | ▼ 58.8% |
| Profit (loss) for the period before taxes9903 | €156,596 | €187,479 | €192,466 | €258,271 | €267,255 | ▲ 3.5% |
| Income taxes67/77 | €57,746 | €59,321 | €58,031 | €81,666 | €82,348 | ▲ 0.8% |
| Profit (loss) for the period9904 | €98,849 | €128,157 | €134,435 | €176,605 | €184,907 | ▲ 4.7% |
| Transfer from tax-exempt reserves789 | €32,750 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €131,599 | €128,157 | €134,435 | €176,605 | €184,907 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €669,135 | €736,050 | €772,489 | €912,051 | €852,001 | ▼ 6.6% |
| Fixed assets21/28 | €55,613 | €96,068 | €137,935 | €106,251 | €107,537 | ▲ 1.2% |
| Tangible fixed assets22/27 | €55,613 | €96,068 | €137,935 | €106,251 | €107,537 | ▲ 1.2% |
| Land and buildings22 | €45,470 | €42,135 | €38,799 | €32,908 | €29,733 | ▼ 9.6% |
| Plant, machinery and equipment23 | €1,140 | €4,912 | €22,445 | €16,368 | €13,702 | ▼ 16.3% |
| Furniture and vehicles24 | €9,004 | €49,021 | €76,691 | €56,975 | €64,103 | ▲ 12.5% |
| Current assets29/58 | €613,522 | €639,982 | €634,553 | €805,799 | €744,464 | ▼ 7.6% |
| Stocks and contracts in progress3 | €6,821 | €6,521 | €6,411 | €6,242 | €5,877 | ▼ 5.8% |
| Stocks30/36 | €6,821 | €6,521 | €6,411 | €6,242 | €5,877 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €222,622 | €210,215 | €205,916 | €220,281 | €190,724 | ▼ 13.4% |
| Trade receivables40 | €192,753 | €210,215 | €205,916 | €220,281 | €189,846 | ▼ 13.8% |
| Other amounts receivable41 | €29,869 | - | - | - | €878 | - |
| Current investments50/53 | €88,836 | - | €200,000 | €251,757 | €207,040 | ▼ 17.8% |
| Cash at bank and in hand54/58 | €291,286 | €418,490 | €214,380 | €322,260 | €336,313 | ▲ 4.4% |
| Deferred charges and accrued income490/1 | €3,956 | €4,757 | €7,847 | €5,260 | €4,509 | ▼ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €669,135 | €736,050 | €772,489 | €912,051 | €852,001 | ▼ 6.6% |
| Equity10/15 | €394,191 | €482,849 | €576,283 | €705,389 | €547,268 | ▼ 22.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €375,591 | €464,249 | €557,683 | €686,789 | €528,668 | ▼ 23.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €373,731 | €462,389 | €555,823 | €684,929 | €526,808 | ▼ 23.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €274,944 | €253,202 | €196,205 | €206,662 | €304,733 | ▲ 47.5% |
| Amounts payable within one year42/48 | €274,141 | €252,416 | €195,980 | €206,662 | €304,733 | ▲ 47.5% |
| Current portion of amounts payable after more than one year42 | €20,206 | €15,564 | - | - | - | - |
| Trade debts44 | €27,438 | €16,916 | €27,331 | €22,722 | €48,615 | ▲ 114% |
| Suppliers440/4 | €27,438 | €16,916 | €27,331 | €22,722 | €48,615 | ▲ 114% |
| Taxes, remuneration and social security45 | €162,427 | €160,804 | €127,649 | €136,440 | €127,960 | ▼ 6.2% |
| Taxes450/3 | €49,974 | €36,816 | €8,078 | €21,781 | €16,201 | ▼ 25.6% |
| Remuneration and social security454/9 | €112,452 | €123,987 | €119,571 | €114,659 | €111,759 | ▼ 2.5% |
| Other amounts payable47/48 | €64,070 | €59,132 | €41,000 | €47,500 | €128,157 | ▲ 170% |
| Accrued charges and deferred income492/3 | €803 | €786 | €225 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,849 | €128,157 | €134,435 | €176,605 | €184,907 | ▲ 4.7% |
| + Depreciation and write-downs630 | €8,298 | €9,405 | €31,389 | €28,969 | €33,632 | ▲ 16.1% |
| Operating cash flow (approximation) | €107,148 | €137,562 | €165,823 | €205,574 | €218,540 | ▲ 6.3% |
| Investment in fixed assets (approximation) | - | -€49,860 | -€73,256 | €2,715 | -€34,918 | ▼ 1,386% |
| Change in cash | - | €127,203 | -€204,110 | €107,880 | €14,053 | ▼ 87.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €184,907 ▲4.7%
Operating result €260,547, net result €184,907, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €576,283 ▲19.4%
6 profitable years in a row build equity to €576,283.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Bilzen-Hoeselt · 1 establishment unit since 1998
Ground area
2,741 m²
Building footprint
311 m²
Parcel 73056A0162/00A000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Nieuwe Heidestraat 3, 3740 Bilzen-Hoeselt
since 19982.088.036.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73056A0162/00A000 | Flanders | 2,741 m² | 1 · 311 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 276 EUR awarded · 276 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 276 EUR | 276 EUR |
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 1,339 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463895273
Also
9925:BE0463895273
Registered
04-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.