APPINABLE
ActiveSummary
APPINABLE has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €-10k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-7
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 8.65 against 11.88 in 2024; short-term debt: 9.6% and cash: 75.7% of total assets), and 10.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.9%
Return on assets
-14.8%
Age of the figures
14 mo
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 19-01-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
16 d early
2023
2 d early
2022
36 d early
2021
26 d early
2020
2 d early
2019
33 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 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close24-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€764
EBIT margin
61378.8%
Net result
€-10k▼ 34.9%
2024 · €-7k
2019: €342k
2020: €-5k
2021: €-9k
2022: €-13k
2023: €-13k
2024: €-7k
2019 → 2025
Working capital
€49k▼ 17.4%
2024 · €59k
2019: €116k
2020: €111k
2021: €101k
2022: €78k
2023: €66k
2024: €59k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€90k▼ 12.4%€77k▼ 14.4%€70k▼ 9.5%€60k▼ 14.2%
Operating result€-9k-€-12k▼ 35.3%€-12k▼ 2.1%€-7k▲ 44.4%€-10k▼ 39.6%
Net result€-9k-€-13k▼ 40.1%€-13k▼ 1.6%€-7k▲ 43.3%€-10k▼ 34.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €7k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€11k ▼ 24.1%
Current assets
€55k ▼ 14.4%
Equity and liabilities €67k
Equity
€60k ▼ 14.2%
Debt
€7k ▼ 31.3%
Debt's share of the balance-sheet total falls from 12.3% to 10.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €-3k
Cash flow
€-6k▼
2024 · €-3k
Current ratio
8.65▼
2024 · 11.88
Debt to equity
0.11▼
2024 · 0.14
ROE
-16.5%▼
2024 · -10.5%
ROA
-14.8%▼
2024 · -9.2%
Interest coverage
-41.14▼
2024 · -13.17
Debt ≤ 1 year
€6k▲
2024 · €5k
Debt > 1 year
€337▼
2024 · €4k
Income taxes
€190=
2024 · €190
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80k€67k▼
Fixed assets21/28€15k€11k▼
Tangible fixed assets22/27€8k€4k▼
Furniture and vehicles24€8k€4k▼
Financial fixed assets28€7k€7k=
Current assets29/58€65k€55k▼
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€8k€3k▼
Other amounts receivable41€266€2k▲
Cash at bank and in hand54/58€56k€50k▼
Equity and liabilities
Total equity and liabilities10/49€80k€67k▼
Equity10/15€70k€60k▼
Contributions10/11€19k€19k=
Reserves13€80k€80k=
Non-distributable reserves130/1€335€335=
Other1319€335€335=
Tax-exempt reserves132€80k€80k=
Profit (loss) carried forward14€-29k€-39k▼
Amounts payable17/49€10k€7k▼
Amounts payable after more than one year17€4k€337▼
Financial debts170/4€4k€337▼
Amounts payable within one year42/48€5k€6k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45-€86
Taxes450/3-€86
Other amounts payable47/48€84€84=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€625€636▲
Gross operating margin9900€-2k€-5k▼
Operating profit (loss)9901€-7k€-10k▼
Financial income75/76B-€121
Recurring financial income75-€121
Financial charges65/66B€203€137▼
Recurring financial charges65€203€137▼
Profit (loss) for the period before taxes9903€-7k€-10k▼
Income taxes67/77€190€190=
Profit (loss) for the period9904€-7k€-10k▼
Profit (loss) for the period to be appropriated9905€-7k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-39k▼
Profit (loss) brought forward from the previous period14P€-25k€-29k▼
Transfer from equity791/2€3k-
The notes to these accounts (9 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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
Financial
Liquidity doublescurrent ratio 155.69
Current ratio from 65.60 to 155.69; short-term debt falls from €2k to €653.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Liquidity times 47current ratio 65.60
Current ratio from 1.38 to 65.60; short-term debt falls from €305k to €2k.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Nivelles · 1 establishment unit since 1978
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.
Rue des Combattants 191400 NivellesGround area
147 m²
Building footprint
166 m²
Volume, LiDAR
1,913 m³
Parcel 25072B0469/00A000, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Combattants 19, 1400 Nivelles
since 19782.015.030.290
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0469/00A000 | Wallonia | 147 m² | 1 · 166 m² | 13.3 m · 4 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
Nisa Home
BE 0534.494.249
Antwerpen · Eq €60,611
LDP PARTNER
BE 0648.985.428
Fernelmont · Eq €60,743
LES TRESORS DE LOUISE
BE 0876.313.440
Nivelles · Eq €58,981
HANDELSAGENTUR LUCIANO GRIMALDI
BE 0507.773.917
Maasmechelen · Eq €58,850
TABLE AUX VERRES
BE 0829.521.234
Sint-Pieters-Woluwe · Eq €62,201
Of 426 companies in sector 47553 we hold annual accounts for 169. 131 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
Founded15-03-1974
Fiscal year end31-07
Activities, NACEBEL 2025
47553Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.