APPLICA
ActiveSummary
APPLICA has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €158,856. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 71% of 843 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 7.1 FTE
- Equity
- €1.5m
- Profit
- €158,856
Why 93lowers riskLiquidity: current ratio 3.01, cash €394,703Founded in 1992Equity €1.5m (66.9% of total assets)Profit of €158,856 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 65% on solvency, 49% on liquidity, 37% on profitability and 31% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 61 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Highest result from 2018 to 2025net €329,779 ▲79%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 66% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €2.4m | €2.8m | €2.7m | €2.7m | €2.8m | €2.5m | €2.9m | €2.1m | ▼ 26.5% |
| Non-recurring operating income76A | - | - | - | - | - | €0.01m | - | €0.02m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.8m | €1.8m | €1.5m | €1.7m | €1.3m | ▼ 24.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.009m | €0.009m | €0.009m | €0.009m | €0.007m | €0.01m | €0.01m | ▼ 6.4% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.008m | €0.005m | €0.002m | €0.002m | ▼ 26.2% |
| Non-recurring operating charges66A | - | - | - | €0.008m | - | €112 | €100 | - | - |
| Gross operating margin9900 | €0.9m | €0.8m | €0.9m | €1.0m | €1.0m | €1.0m | €1.2m | €0.9m | ▼ 28.1% |
| Operating profit (loss)9901 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | €0.1m | ▼ 66.5% |
| Financial income75/76B | - | - | - | €0.004m | €0.005m | €0.01m | €0.02m | €0.07m | ▲ 292% |
| Recurring financial income75 | €300 | €0.004m | €0.005m | €0.004m | €0.005m | €0.01m | €0.02m | €0.07m | ▲ 292% |
| Financial charges65/66B | - | - | - | €0.003m | €0.002m | €0.02m | €0.002m | €0.002m | ▲ 19.3% |
| Recurring financial charges65 | €0.004m | €0.001m | €0.001m | €0.003m | €0.002m | €0.007m | €0.002m | €0.002m | ▲ 19.3% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.01m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | €0.2m | ▼ 52.0% |
| Income taxes67/77 | €0.05m | €0.03m | €0.03m | €0.03m | €0.04m | €0.06m | €0.1m | €0.05m | ▼ 52.6% |
| Profit (loss) for the period9904 | €0.1m | €0.08m | €0.08m | €0.09m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 51.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.06m | - | - | - | €0.08m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.08m | €0.03m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.08m | €0.08m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | ▼ 19.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €2.6m | €2.4m | €2.4m | €2.5m | €2.2m | €2.9m | €2.3m | ▼ 21.1% |
| Fixed assets21/28 | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | ▼ 52.2% |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 52.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.02m | €0.01m | €0.006m | ▼ 50.8% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.004m | €0.003m | €0.006m | €0.003m | ▼ 51.8% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | €0.008m | €0.005m | €0.002m | ▼ 58.5% |
| Financial fixed assets28 | €184 | €0.01m | €0.01m | €0.01m | €0.01m | €184 | €184 | €184 | = |
| Current assets29/58 | €1.9m | €2.6m | €2.3m | €2.4m | €2.5m | €2.2m | €2.9m | €2.3m | ▼ 20.8% |
| Amounts receivable within one year40/41 | €0.7m | €1.3m | €1.1m | €1.0m | €0.9m | €1.4m | €1.3m | €1.9m | ▲ 43.8% |
| Trade receivables40 | - | - | - | €1.0m | €0.9m | €1.3m | €1.3m | €1.8m | ▲ 46.4% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.009m | €0.05m | €0.04m | €0.02m | ▼ 41.0% |
| Current investments50/53 | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.6m | €0.9m | - | - |
| Cash at bank and in hand54/58 | €1.0m | €1.1m | €1.0m | €1.2m | €1.1m | €0.1m | €0.6m | €0.4m | ▼ 36.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 11.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €2.6m | €2.4m | €2.4m | €2.5m | €2.2m | €2.9m | €2.3m | ▼ 21.1% |
| Equity10/15 | €1.4m | €1.5m | €1.5m | €1.5m | €1.3m | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.4m | €1.4m | €1.5m | €1.5m | €1.3m | €1.4m | €1.5m | €1.5m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.04m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Own shares acquired1312 | - | - | - | - | €0.04m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €140 | €140 | €0.08m | €0.1m | €0.02m | ▼ 80.6% |
| Distributable reserves133 | - | - | - | €1.5m | €1.2m | €1.4m | €1.4m | €1.5m | ▲ 5.8% |
| Amounts payable17/49 | €0.5m | €1.2m | €0.8m | €0.9m | €1.2m | €0.8m | €1.4m | €0.8m | ▼ 44.6% |
| Amounts payable within one year42/48 | €0.5m | €1.2m | €0.8m | €0.9m | €1.2m | €0.8m | €1.3m | €0.8m | ▼ 41.8% |
| Trade debts44 | €0.3m | €1.0m | €0.7m | €0.8m | €0.7m | €0.6m | €0.8m | €0.6m | ▼ 15.6% |
| Suppliers440/4 | - | - | - | €0.8m | €0.7m | €0.6m | €0.8m | €0.6m | ▼ 15.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 5.9% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.04m | €0.03m | €0.03m | ▲ 0.4% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 7.7% |
| Other amounts payable47/48 | - | - | - | - | €0.3m | €0.04m | €0.4m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €473 | €404 | €0.07m | €104 | ▼ 99.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,912 | €81,729 | €83,777 | €85,695 | €130,390 | €184,266 | €329,779 | €158,856 | ▼ 51.8% |
| + Depreciation and write-downs630 | €15,234 | €9,432 | €9,426 | €9,359 | €8,573 | €7,470 | €13,257 | €12,403 | ▼ 6.4% |
| Operating cash flow (approximation) | €135,146 | €91,161 | €93,204 | €95,054 | €138,963 | €191,736 | €343,036 | €171,259 | ▼ 50.1% |
| Investment in fixed assets (approximation) | - | -€12,890 | -€4,838 | -€5,274 | -€2,103 | -€10,415 | -€7,500 | -€140 | ▲ 98.1% |
| Change in cash | - | €62,256 | -€33,056 | €147,584 | -€25,987 | -€997,795 | €476,302 | -€223,033 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 20-05-2026 | 2026-00122735 |
| 31-12-2024 | full format | 27-05-2025 | 2025-00114288 |
| 31-12-2023 | full format | 24-05-2024 | 2024-00098414 |
| 31-12-2022 | full format | 28-04-2023 | 2023-00074629 |
| 31-12-2021 | full format | 21-06-2022 | 2022-20086724 |
| 31-12-2020 | full format | 15-06-2021 | 2021-21100132 |
| 31-12-2019 | full format | 16-06-2020 | 2020-17500067 |
| 31-12-2018 | full format | 30-04-2019 | 2019-11900038 |
| 31-12-2017 | full format | 22-05-2018 | 2018-13400511 |
| 31-12-2016 | full format | 01-08-2017 | 2017-40200353 |
Similar companies · same sector, comparable size
Subsidies and aid
European Union, budget
2021 to 2025 · 33 entries · €11.1m in total| Year | Entries | Awarded |
|---|---|---|
| 2025 | 2 | €0.7m |
| 2024 | 7 | €3.8m |
| 2023 | 9 | €2.4m |
| 2022 | 11 | €2.7m |
| 2021 | 4 | €1.3m |
Show 5 more projects
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Louis-Philippe Carrier |
|
| SEMENTINI Loredana |
|
Owners and capital
Owners
1 ownerOwners 1
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Social Research Group (BE 1014.715.614) 700 shares
- Lydia Greunz 25 shares
- Nirina Rabemiafara 25 shares
- to Social Research Group (BE 1014.715.614) 700 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-12-2022 Converted to unavailable equity · €18,592
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-12
Gazette deed
Resignation: Loredana Sementini (director)Appointment: Louis-Philippe Carrier (director) · Approval · Share transfer8 facts ▸
- General meeting, 26-11-2024
- Approval, 700, “agrément cession” (deed in French)
- Share transfer, Social Research Group
- Director resignation, Loredana Sementini (director)
- Director discharge, Loredana Sementini (director)
- Director appointment, Louis-Philippe Carrier (director)
- Shareholding, 26-11-2024, 700
- Shareholding, 26-11-2024, 25 (2 times)
06-12
Gazette deed
Resignation: SEMENTINI Loredana (manager)Appointment: SEMENTINI Loredana (director) · Registered office clause · Director discharge8 facts ▸
- Registered office clause, “1000 Bruxelles, rue van Campenhout 37” (deed in French)
- Director resignation, SEMENTINI Loredana (manager)
- Director discharge, SEMENTINI Loredana (manager)
- Director appointment, SEMENTINI Loredana (director)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “suppression, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles (2 times)
- Capital
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21806F0067/00C002 | Brussels | 143 m² | 1 · 126 m² | 18.7 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- APPLICA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales en Belgique et à l'étranger par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Mandat exercé gratuitement ou non, frais généraux indépendamment frais représentation,voyages et déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions – droit de préférence, porté à la connaissance par courrier électronique, ou par…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 April
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale formes modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés comme liquidateurs en vertu des statuts si aucun autre désigné, pouvoirs et émoluments” (deed in French)