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APPSOLUTE CONSULT

Active
Private limited companyfounded 2011active for 15 yearsIjzerlaan 52, 2500 Lier, BelgiumKBO/BCE: BE 0835.903.141

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

APPSOLUTE CONSULT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,746 and a net result of €64,298. Equity has been growing by about 7.3% per year since 2019. Its solvency ranks better than 69% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
30-06-2025
Filed on
29-01-2026
Format
micro format
Reference
2026-00028810
Turnover
≈ €180,000
Estimated: probably between €160,000 and €240,000
Total assets
€378,218▲ 18.7%
2024 · €318,761
Net result
€64,298▲ 5.2%
2024 · €61,140
Working capital
€269,414▼ 4.7%
2024 · €282,563
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 2% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result€86,044 2025 Net result€64,298 2025

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€39,050-€60,836▲ 55.8%€67,020▲ 10.2%€46,545▼ 30.6%€55,591▲ 19.4%€84,052▲ 51.2%€86,044▲ 2.4%
Net result€27,729-€44,164above the sector's middle half▲ 59.3%€48,907within the sector's middle half▲ 10.7%€33,237within the sector's middle half▼ 32.0%€38,415within the sector's middle half▲ 15.6%€61,140above the sector's middle half▲ 59.2%€64,298above the sector's middle half▲ 5.2%
Equity€176,033-€219,385above the sector's middle half▲ 24.6%€237,023within the sector's middle half▲ 8.0%€251,668above the sector's middle half▲ 6.2%€272,248above the sector's middle half▲ 8.2%€305,627above the sector's middle half▲ 12.3%€285,746above the sector's middle half▼ 6.5%
Total assets€197,183-€234,153within the sector's middle half▲ 18.7%€314,745within the sector's middle half▲ 34.4%€300,646above the sector's middle half▼ 4.5%€309,334above the sector's middle half▲ 2.9%€318,761above the sector's middle half▲ 3.0%€378,218above the sector's middle half▲ 18.7%
Debt€21,150-€14,768▼ 30.2%€74,734▲ 406%€46,971▼ 37.1%€36,061▼ 23.2%€13,091▼ 63.7%€92,472▲ 606%
Working capital€152,335-€196,457above the sector's middle half▲ 29.0%€205,845within the sector's middle half▲ 4.8%€225,715above the sector's middle half▲ 9.7%€232,947above the sector's middle half▲ 3.2%€282,563above the sector's middle half▲ 21.3%€269,414above the sector's middle half▼ 4.7%
Solvency89.3%-93.7%above the sector's middle half▲ 4.4pp75.3%above the sector's middle half▼ 18.4pp83.7%above the sector's middle half▲ 8.4pp88.0%above the sector's middle half▲ 4.3pp95.9%above the sector's middle half▲ 7.9pp75.6%within the sector's middle half▼ 20.3pp
Current ratio8.20-14.30above the sector's middle half▲ 6.104.48above the sector's middle half▼ 9.826.82above the sector's middle half▲ 2.337.57above the sector's middle half▲ 0.7622.58above the sector's middle half▲ 15.013.91within the sector's middle half▼ 18.67
Return on assets (ROA)14.1%-18.9%within the sector's middle half▲ 4.8pp15.5%within the sector's middle half▼ 3.3pp11.1%within the sector's middle half▼ 4.5pp12.4%within the sector's middle half▲ 1.4pp19.2%within the sector's middle half▲ 6.8pp17.0%within the sector's middle half▼ 2.2pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,218
Fixed assets €16,333 ▼ 29.3%
Current assets €361,886 ▲ 22.4%
Equity and liabilities €378,218
Equity €285,746 ▼ 6.5%
Provisions €0 ▼ 100%
Debt €92,472 ▲ 606%
Debt's share of the balance-sheet total rises from 4.1% to 24.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€92,817▼
2024 · €101,902
Cash flow
€71,071▼
2024 · €78,990
Debt to equity
0.32▲
2024 · 0.04
ROE
22.5%▲
2024 · 20.0%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€92,472▲
2024 · €13,091
Income taxes
€25,123▼
2024 · €26,954
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as APPSOLUTE CONSULT has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

That fits the bankruptcy probability of APPSOLUTE CONSULT itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for APPSOLUTE CONSULT. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 (PDF), filed on 29-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€318,761€378,218▲
Fixed assets21/28€23,106€16,333▼
Tangible fixed assets22/27€23,106€16,333▼
Furniture and vehicles24€17,520€11,661▼
Other tangible fixed assets26€5,586€4,672▼
Current assets29/58€295,655€361,886▲
Amounts receivable after more than one year29€9,031€9,031=
Other amounts receivable291€9,031€9,031=
Amounts receivable within one year40/41€19,475€19,589▲
Trade receivables40€19,454€12,714▼
Other amounts receivable41€22€6,875▲
Current investments50/53€88,714€88,714=
Cash at bank and in hand54/58€177,063€239,585▲
Deferred charges and accrued income490/1€1,372€4,967▲
Equity and liabilities
Total equity and liabilities10/49€318,761€378,218▲
Equity10/15€305,627€285,746▼
Contributions10/11€12,400€12,400=
Reserves13€293,227€273,346▼
Tax-exempt reserves132€129€0▼
Distributable reserves133€293,097€273,346▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€43€0▼
Deferred taxes168€43€0▼
Amounts payable17/49€13,091€92,472▲
Amounts payable within one year42/48€13,091€92,472▲
Current portion of amounts payable after more than one year42€631€0▼
Trade debts44€5,498€2,248▼
Suppliers440/4€5,498€2,248▼
Taxes, remuneration and social security45€6,129€1,110▼
Taxes450/3€6,129€1,110▼
Other amounts payable47/48€833€89,114▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,850€6,774▼
Other operating charges640/8€1,721€1,355▼
Gross operating margin9900€103,623€94,172▼
Operating profit (loss)9901€84,052€86,044▲
Financial income75/76B€3,294€3,442▲
Recurring financial income75€3,294€3,442▲
Financial charges65/66B€233€108▼
Recurring financial charges65€233€108▼
Profit (loss) for the period before taxes9903€87,112€89,377▲
Transfer from deferred taxes780€981€43▼
Income taxes67/77€26,954€25,123▼
Profit (loss) for the period9904€61,140€64,298▲
Transfer from tax-exempt reserves789€2,944€129▼
Profit (loss) for the period to be appropriated9905€64,084€64,427▲
Appropriation of the result
Profit (loss) to be appropriated9906€64,084€64,427▲
Transfer from equity791/2€26,929€83,345▲
Transfer to equity691/2€63,251€63,594▲
To other reserves6921€63,251€63,594▲
Profit to be distributed694/7€27,762€84,178▲
Return on contributions (dividend)694€27,762€84,178▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Remuneration, social security and pensions62----€174---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,218€7,367€18,438€16,505€14,966€17,850€6,774▼ 62.1%
Other operating charges640/8---€1,165€1,421€1,721€1,355▼ 21.3%
Gross operating margin9900€46,615€69,003€87,843€64,215€72,153€103,623€94,172▼ 9.1%
Operating profit (loss)9901€39,050€60,836€67,020€46,545€55,591€84,052€86,044▲ 2.4%
Financial income75/76B---€2,472€1,007€3,294€3,442▲ 4.5%
Recurring financial income75€62€797€484€2,472€1,007€3,294€3,442▲ 4.5%
Financial charges65/66B---€1,453€948€233€108▼ 53.5%
Recurring financial charges65€208€181€430€1,453€309€233€108▼ 53.5%
Non-recurring financial charges66B----€638---
Profit (loss) for the period before taxes9903€38,903€61,452€67,074€47,564€55,651€87,112€89,377▲ 2.6%
Transfer from deferred taxes780---€981€981€981€43▼ 95.6%
Income taxes67/77€11,174€17,289€15,180€15,309€18,217€26,954€25,123▼ 6.8%
Profit (loss) for the period9904€27,729€44,164€48,907€33,237€38,415€61,140€64,298▲ 5.2%
Transfer from tax-exempt reserves789---€2,944€2,944€2,944€129▼ 95.6%
Profit (loss) for the period to be appropriated9905€27,729€44,164€39,993€36,181€41,359€64,084€64,427▲ 0.5%
Line2019202020212022202320242025Change
Assets
Total assets20/58€197,183€234,153€314,745€300,646€309,334€318,761€378,218▲ 18.7%
Fixed assets21/28€23,698€22,928€49,783€36,121€40,956€23,106€16,333▼ 29.3%
Tangible fixed assets22/27€23,698€22,928€49,783€36,121€40,956€23,106€16,333▼ 29.3%
Furniture and vehicles24---€28,526€34,457€17,520€11,661▼ 33.4%
Other tangible fixed assets26---€7,595€6,500€5,586€4,672▼ 16.4%
Current assets29/58€173,485€211,225€264,961€264,525€268,377€295,655€361,886▲ 22.4%
Amounts receivable after more than one year29---€63,500€46,598€9,031€9,031=
Other amounts receivable291---€63,500€46,598€9,031€9,031=
Amounts receivable within one year40/41€25,072€41,748€39,873€24,383€15,797€19,475€19,589▲ 0.6%
Trade receivables40---€23,851€13,536€19,454€12,714▼ 34.6%
Other amounts receivable41---€532€2,261€22€6,875▲ 320×
Current investments50/53€50,321€50,321€50,321€89,320€88,714€88,714€88,714=
Cash at bank and in hand54/58€96,212€117,103€83,268€85,560€115,700€177,063€239,585▲ 35.3%
Deferred charges and accrued income490/1---€1,762€1,569€1,372€4,967▲ 262%
Equity and liabilities
Total equity and liabilities10/49€197,183€234,153€314,745€300,646€309,334€318,761€378,218▲ 18.7%
Equity10/15€176,033€219,385€237,023€251,668€272,248€305,627€285,746▼ 6.5%
Contributions10/11€12,400--€12,400€12,400€12,400€12,400=
Reserves13€163,633€206,985€224,623€239,268€259,848€293,227€273,346▼ 6.8%
Non-distributable reserves130/1---€1,860€1,860---
Reserves not available under the articles1311---€1,860€1,860---
Tax-exempt reserves132---€6,018€3,073€129€0▼ 100%
Distributable reserves133---€231,391€254,915€293,097€273,346▼ 6.7%
Profit (loss) carried forward14------€0-
Provisions and deferred taxes16--€2,987€2,006€1,024€43€0▼ 100%
Deferred taxes168---€2,006€1,024€43€0▼ 100%
Amounts payable17/49€21,150€14,768€74,734€46,971€36,061€13,091€92,472▲ 606%
Amounts payable after more than one year17--€15,618€8,161€631---
Financial debts170/4---€8,161€631---
Amounts payable within one year42/48€21,150€14,768€59,116€38,810€35,430€13,091€92,472▲ 606%
Current portion of amounts payable after more than one year42---€7,457€7,530€631€0▼ 100%
Trade debts44€8,518€3,044€5,947€6,299€7,403€5,498€2,248▼ 59.1%
Suppliers440/4---€6,299€7,403€5,498€2,248▼ 59.1%
Taxes, remuneration and social security45---€7,111€4,148€6,129€1,110▼ 81.9%
Taxes450/3---€4,611€4,148€6,129€1,110▼ 81.9%
Remuneration and social security454/9---€2,500----
Other amounts payable47/48---€17,943€16,349€833€89,114▲ 107×
Line2019202020212022202320242025Change
Profit (loss) for the period9904€27,729€44,164€48,907€33,237€38,415€61,140€64,298▲ 5.2%
+ Depreciation and write-downs630€7,218€7,367€18,438€16,505€14,966€17,850€6,774▼ 62.1%
Operating cash flow (approximation)€34,947€51,531€67,344€49,741€53,381€78,990€71,071▼ 10.0%
Investment in fixed assets (approximation)--€6,597-€45,293-€2,842-€19,802€0€0-
Change in cash-€20,891-€33,835€2,292€30,140€61,363€62,522▲ 1.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 29-01-2026 2026-00028810 PDF
30-06-2024 micro format 31-01-2025 2025-00023741 PDF
30-06-2023 micro format 30-01-2024 2024-00018383 PDF
30-06-2022 micro format 14-12-2022 2022-20538228 PDF
30-06-2021 abbreviated format 12-01-2022 2022-01100160 PDF
30-06-2020 micro format 29-01-2021 2021-03500069 PDF
30-06-2019 micro format 06-01-2020 2020-00600542 PDF
30-06-2018 micro format 23-01-2019 2019-02100269 PDF
30-06-2017 micro format 13-12-2017 2017-71800189 PDF
30-06-2016 abbreviated format 26-01-2017 2017-02500091 PDF

Show all 14 filings

Comparable companies

These companies have the same main activity as APPSOLUTE CONSULT: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €320,000 and €430,000, founded between 2011 and 2012.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
APPSOLUTE CONSULT Lier2011€378,218€285,746€94,172€64,2982025
DITEA Lier2011€343,904€292,299€87,586€63,4632025
BYTEWORKS Lier2012€429,668€364,190€90,675€56,8572025
S-CONSULTING Lier2011€319,961€262,833€93,415€66,8472025
VHJ Consulting Retie2012€344,976€334,487€92,713€74,9792025
Raeymaekers Software Solutions Lint2011€339,406€332,177€97,786€65,1212025
PROLEAD Geel2011€339,456€240,746€99,635-€54,8372025

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.