Turnover
≈ €950,000 estimated
The abbreviated format states no turnover.
Apply Immo
Lifetime
7 annual accounts with figures on one time axispeak €862,135 (2025)
€862,135▲ 15.0%
lowest -€31,444 (2023)
€379,119▲ 33.3%
peak €1.8m (2025)
€1.8m▲ 26.4%
€2.5m▼ 13.0%
peak 2.1 FTE (2021)
-not published
Board4 names since 2018
2 directorsOstia Management and 1 other
Documentsfilings and deeds
18-08-202618 days late
2025abbreviated format
Gross margin from €749,875 to €862,135Result from €284,431 to €379,119Equity from €1.4m to €1.8mCash from €100,482 to €42,147
Key points
from the 2025 annual accountsFilings
7 annual accounts 6 late
The 2019 accounts came latest: 126 days after the end of the period.
Position in the sector
€379,119
Higher net result than 92% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
97
Excellent
Financially stronger than 73% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.4%▼ -0.2 percentage points vs 02-2025
04-2025: 2.6%▲ +0.2 percentage points vs 03-2025
05-2025: 2.7%▲ +0.1 percentage points vs 04-2025
06-2025: 2.9%▲ +0.2 percentage points vs 05-2025
07-2025: 3.1%▲ +0.2 percentage points vs 06-2025
08-2025: 4.3%▲ +1.2 percentage points vs 07-2025highest value
09-2025: 1.1%▼ -3.2 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.9 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.33, cash €42,147, halved
lowers risk
Size: total assets €4.3m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 20-08-2026)
Calculation
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, small). It does better than 61% of them on solvency, 59% on liquidity, 90% on profitability and 84% 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as Apply Immo has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of Apply Immo itself: 0.1% within 12 months.
Test of the method
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 6,782 companies, not a prediction for Apply Immo. 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.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.33 (0.27 in 2024), below 1. Short-term debt is 11.4% and cash 1% of total assets. 58% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
18 days late
2024
29 days late
2023
29 days late
2022
on the day
2021
9 days late
2020
122 days late
2019
126 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Iselin Lozoveanu 50 sharesdeed of 29-11-2022
- Emanuel Munteanu 50 sharesdeed of 29-11-2022
Recent changes
Registered office moved from Aalst to Aartselaar
New registered office: John F. Kennedylaan 26 te 2630 Aartselaar · Previous registered office: Moorselbaan 316 te 9300 Aalst · Permanent representatives: Meesters Vincent and Wannes Sas · General meeting of 15-05-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0716629466
Registered office moved within Aalst
New registered office: Moorselbaan 316 te 9300 Aalst · Previous registered office: Pachting 1, 9310 Aalst · Permanent representatives: Meesters Vincent and Wannes Sas · General meeting of 07-07-2023 · Gazette deed
Demerger: Apply Heating splits off to Apply Heating
Company renamed from Apply Heating to Apply Immo · Resignation: Iselin Lozoveanu (manager) · Appointments: Ostia Management (director) and ME Consulting (director) · General meeting of 21-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Apply Immo Aartselaar | €4.3m | €862,135 | 42.0% | - |
| TERHAGEN LOGISTIEK Rumst | €4.3m | €897,980 | 59.0% | 0 |
| SONAMA IMMO Namur | €4.4m | €806,323 | 42.9% | - |
| STED INVEST RETAIL FUND Hasselt | €4.9m | €721,811 | 1.3% | - |
| Concept et Forme Immo Profondeville | €3.5m | €854,605 | 86.7% | 0 |
| BERFAST Wielsbeke | €5.4m | €756,975 | 31.7% | - |
| A&F Invest Antwerp | €4.4m | €602,964 | 29.5% | 0 |
These companies have the same main activity as Apply Immo: 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 €3.5m and €5.4m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 19-12-2018Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 4 others
- Establishment unit
- 2.283.849.1629300 Aalst, since 02-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on Apply Immo
Apply Immo files the abbreviated format. That format states no turnover. The gross margin rose from €566,434 in 2019 to €862,135 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Apply Immo
- What is the company number of Apply Immo?
- The company number of Apply Immo is 0716.629.466. The VAT number is the same number with BE in front: BE 0716.629.466.
- Where is Apply Immo based?
- The registered office is at John F. Kennedylaan 26, 2630 Aartselaar.Company details
- What does Apply Immo do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Apply Immo?
- Apply Immo is a private limited company (BV).
- When was Apply Immo founded?
- Apply Immo was founded on 19-12-2018.
- Is Apply Immo still active?
- Yes, Apply Immo is an active enterprise in the KBO register.
- How many employees does Apply Immo have?
- Apply Immo had an average of 0.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of Apply Immo?
- The turnover in financial year 2025 is ≈ €950,000. This figure is estimated from the gross margin of €862,135 and 39 comparable companies (NACE 68203). It probably lies between €900,000 and €1.2m.
- Is Apply Immo profitable?
- In financial year 2025, Apply Immo made a profit of €379,119.
- Where can I find the annual accounts of Apply Immo?
- Apply Immo filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Apply Immo due?
- Apply Immo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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