Public limited company · founded 2011 · 14 yrs activeLouizalaan 235, 1050 Elsene, BelgiumKBO/BCE: BE 0839.873.510
Summary
APPTWEAK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€598,109) and a net result of €919,023. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 1452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability80▲+18
Solvency18▲+18
Growth72=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.2%Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.31 against 1.18 in 2024; short-term debt: 38% and cash: 14.1% of total assets), and equity is negative.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 3 October 2011, APPTWEAK was incorporated by three natural persons, with a starting capital of EUR 22,500.12In 2014 the company took the name AppTweak.3The capital was increased 9 times between 2014 and 2026, most recently to EUR 5.2 million.345The registered office moved to Bruxelles avenue Louise in 2019 and to Bruxelles in 2022.67Of the 5 current board members, Bernard Jean Marie Emile François MARCHANT has served longest, since 2015.8Revenue went from EUR 6.9 million in 2022 to EUR 15 million in 2025 and headcount from 9.8 full-time equivalents in 2018 to 75.5 in 2025.9
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€575,730below the sector's middle half▼ 32,962%-€3.5mbelow the sector's middle half▼ 499%-€3.2mbelow the sector's middle half▲ 7.9%€227,408above the sector's middle half€919,023above the sector's middle half▲ 304%
Equity€4.8mabove the sector's middle half▲ 1,044%€1.4mabove the sector's middle half▼ 71.2%-€1.8mbelow the sector's middle half-€1.6mbelow the sector's middle half▲ 12.8%-€598,109below the sector's middle half▲ 61.5%
Total assets€6.6mabove the sector's middle half▲ 326%€5.7mabove the sector's middle half▼ 14.5%€4.0mwithin the sector's middle half▼ 28.4%€5.8mabove the sector's middle half▲ 42.8%€8.4mabove the sector's middle half▲ 45.5%
Working capital€5.5mabove the sector's middle half▲ 699%€2.9mabove the sector's middle half▼ 47.1%€1.1mabove the sector's middle half▼ 61.1%€484,815within the sector's middle half▼ 56.8%€986,351within the sector's middle half▲ 103%
Solvency73.3%above the sector's middle half▲ 46.0pp24.7%within the sector's middle half▼ 48.6pp-44.0%below the sector's middle half▼ 68.7pp-26.9%below the sector's middle half▲ 17.1pp-7.1%below the sector's middle half▲ 19.7pp
Current ratio8.91above the sector's middle half▲ 6.752.30within the sector's middle half▼ 6.611.48within the sector's middle half▼ 0.821.18within the sector's middle half▼ 0.301.31within the sector's middle half▲ 0.13
Return on assets (ROA)-8.7%below the sector's middle half▼ 8.6pp-61.0%below the sector's middle half▼ 52.3pp-78.5%below the sector's middle half▼ 17.5pp3.9%within the sector's middle half▲ 82.4pp10.9%within the sector's middle half▲ 7.0pp
Staff (FTE)44.3above the sector's middle half▲ 50.7%68above the sector's middle half▲ 53.5%79above the sector's middle half▲ 16.2%76above the sector's middle half▼ 3.8%75.5above the sector's middle half▼ 0.7%
abovewithinbelowthe middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 534% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.4m
50.3%
49.7%
Fixed assets€4.2m ▲ 61.6%
Current assets€4.2m ▲ 32.2%
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.2m▲
2024 · €538,927
Cash flow
€1.9m▲
2024 · €579,239
Debt to equity
-15.06▼
2024 · -4.72
Interest coverage
163.03▲
2024 · 21.81
Debt ≤ 1 year
€3.2m▲
2024 · €2.7m
Income taxes
€13,945
Staff costs
€6.4m▲
2024 · €6.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 3,923 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 92% are still going.
10 to 20 years old
negative equity
a profit of 5% of the balance sheet or more
without size
2.8%went bankrupt
4.7%stopped otherwise
92%still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to 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%
1.0%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.9%
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% 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 3,923 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.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 64 lines
Balance sheetCode20242025
Assets
Total assets20/58€5.8m€8.4m▲
Fixed assets21/28€2.6m€4.2m▲
Intangible fixed assets21€2.1m€3.6m▲
Tangible fixed assets22/27€88,626€77,119▼
Furniture and vehicles24€79,172€76,323▼
Other tangible fixed assets26€9,454€797▼
Financial fixed assets28€462,601€502,927▲
Affiliated companies280/1€237,927€237,927=
Participating interests280€237,927€237,927=
Other financial fixed assets284/8€224,674€265,000▲
Amounts receivable and cash guarantees285/8€224,674€265,000▲
Current assets29/58€3.2m€4.2m▲
Amounts receivable within one year40/41€2.1m€2.7m▲
Trade receivables40€1.7m€2.4m▲
Other amounts receivable41€351,039€261,510▼
Cash at bank and in hand54/58€887,198€1.2m▲
Deferred charges and accrued income490/1€200,735€302,545▲
Equity and liabilities
Total equity and liabilities10/49€5.8m€8.4m▲
Equity10/15-€1.6m-€598,109▲
Contributions10/11€5.2m€5.2m▲
Capital10€5.2m€5.2m▲
Issued capital100€5.2m€5.2m▲
Reserves13€17,035€17,035=
Non-distributable reserves130/1€17,035€17,035=
Legal reserve130€17,035€17,035=
Profit (loss) carried forward14-€6.7m-€5.8m▲
Amounts payable17/49€7.3m€9.0m▲
Amounts payable within one year42/48€2.7m€3.2m▲
Current portion of amounts payable after more than one year42€30,694-
Financial debts43€719,169€746,177▲
Credit institutions430/8€719,169€746,177▲
Trade debts44€1.2m€1.7m▲
Suppliers440/4€1.2m€1.7m▲
Taxes, remuneration and social security45€723,109€755,506▲
Taxes450/3€14,042€41,143▲
Remuneration and social security454/9€709,067€714,363▲
Accrued charges and deferred income492/3€4.7m€5.8m▲
Income statementCode20242025
Operating income70/76A€14.3m€18.3m▲
Turnover70€11.8m€15.4m▲
Own construction capitalised72€2.4m€2.5m▲
Other operating income74€229,226€343,022▲
Operating charges60/66A€14.2m€17.1m▲
Goods for resale, raw materials and consumables60€965,087€1.2m▲
Purchases600/8€965,087€1.2m▲
Services and other goods61€6.5m€8.4m▲
Remuneration, social security and pensions62€6.3m€6.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€351,831€993,221▲
Other operating charges640/8€42,666€42,477▼
Operating profit (loss)9901€187,096€1.2m▲
Financial income75/76B€140,121€147,642▲
Recurring financial income75€140,121€147,642▲
Other financial income752/9€140,121€147,642▲
Financial charges65/66B€99,809€400,255▲
Recurring financial charges65€99,809€400,255▲
Debt charges650€24,713€13,364▼
Other financial charges652/9€75,096€386,891▲
Profit (loss) for the period before taxes9903€227,408€932,968▲
Income taxes67/77-€13,945
Taxes670/3-€13,945
Profit (loss) for the period9904€227,408€919,023▲
Profit (loss) for the period to be appropriated9905€227,408€919,023▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6.7m-€5.8m▲
Profit (loss) brought forward from the previous period14P-€7.0m-€6.7m▲
Social balance
Average headcount (FTE)908776.075.5▼
The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€14.3m
€18.3m
▲ 27.5%
Turnover70
-
€6.9m
€9.0m
€11.8m
€15.4m
▲ 31.1%
Own construction capitalised72
-
-
-
€2.4m
€2.5m
▲ 7.4%
Other operating income74
-
-
-
€229,226
€343,022
▲ 49.6%
Operating charges60/66A
-
-
-
€14.2m
€17.1m
▲ 20.8%
Goods, raw materials, services and sundry goods60/61
-
€5.4m
€5.8m
-
-
-
Goods for resale, raw materials and consumables60
-
-
-
€965,087
€1.2m
▲ 27.3%
Purchases600/8
-
-
-
€965,087
€1.2m
▲ 27.3%
Services and other goods61
-
-
-
€6.5m
€8.4m
▲ 29.7%
Remuneration, social security and pensions62
€3.0m
€5.1m
€6.5m
€6.3m
€6.4m
▲ 1.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€41,493
€69,111
€75,195
€351,831
€993,221
▲ 182%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
€551
-
-
-
Other operating charges640/8
-
-
€45,831
€42,666
€42,477
▼ 0.4%
Non-recurring operating charges66A
-
€11,727
€2,991
-
-
-
Gross operating margin9900
€2.4m
€1.8m
€3.5m
-
-
-
Operating profit (loss)9901
-€615,529
-€3.4m
-€3.1m
€187,096
€1.2m
▲ 534%
Financial income75/76B
€82,088
€161,006
€124,020
€140,121
€147,642
▲ 5.4%
Recurring financial income75
€82,088
€161,006
€124,020
€140,121
€147,642
▲ 5.4%
Other financial income752/9
-
-
-
€140,121
€147,642
▲ 5.4%
Financial charges65/66B
€41,420
€186,897
€227,610
€99,809
€400,255
▲ 301%
Recurring financial charges65
€41,420
€186,897
€227,610
€99,809
€400,255
▲ 301%
Debt charges650
-
-
-
€24,713
€13,364
▼ 45.9%
Other financial charges652/9
-
-
-
€75,096
€386,891
▲ 415%
Profit (loss) for the period before taxes9903
-€574,861
-€3.4m
-€3.2m
€227,408
€932,968
▲ 310%
Income taxes67/77
€868
€1,809
€2,131
-
€13,945
-
Taxes670/3
-
-
-
-
€13,945
-
Profit (loss) for the period9904
-€575,730
-€3.5m
-€3.2m
€227,408
€919,023
▲ 304%
Profit (loss) for the period to be appropriated9905
-€575,730
-€3.5m
-€3.2m
€227,408
€919,023
▲ 304%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€6.6m
€5.7m
€4.0m
€5.8m
€8.4m
▲ 45.5%
Fixed assets21/28
€461,872
€546,487
€576,061
€2.6m
€4.2m
▲ 61.6%
Intangible fixed assets21
-
-
-
€2.1m
€3.6m
▲ 76.7%
Tangible fixed assets22/27
€134,846
€174,461
€127,434
€88,626
€77,119
▼ 13.0%
Furniture and vehicles24
€118,476
€136,017
€103,485
€79,172
€76,323
▼ 3.6%
Other tangible fixed assets26
€16,369
€38,444
€23,949
€9,454
€797
▼ 91.6%
Financial fixed assets28
€327,026
€372,026
€448,627
€462,601
€502,927
▲ 8.7%
Affiliated companies280/1
-
-
-
€237,927
€237,927
=
Participating interests280
-
-
-
€237,927
€237,927
=
Other financial fixed assets284/8
-
-
-
€224,674
€265,000
▲ 17.9%
Amounts receivable and cash guarantees285/8
-
-
-
€224,674
€265,000
▲ 17.9%
Current assets29/58
€6.2m
€5.1m
€3.5m
€3.2m
€4.2m
▲ 32.2%
Amounts receivable within one year40/41
€649,795
€1.3m
€2.1m
€2.1m
€2.7m
▲ 29.8%
Trade receivables40
€600,898
€1.1m
€1.9m
€1.7m
€2.4m
▲ 41.0%
Other amounts receivable41
€48,898
€188,989
€237,975
€351,039
€261,510
▼ 25.5%
Cash at bank and in hand54/58
€5.5m
€3.5m
€1.2m
€887,198
€1.2m
▲ 33.7%
Deferred charges and accrued income490/1
€28,458
€279,186
€132,591
€200,735
€302,545
▲ 50.7%
Equity and liabilities
Total equity and liabilities10/49
€6.6m
€5.7m
€4.0m
€5.8m
€8.4m
▲ 45.5%
Equity10/15
€4.8m
€1.4m
-€1.8m
-€1.6m
-€598,109
▲ 61.5%
Contributions10/11
€5.2m
€5.2m
€5.2m
€5.2m
€5.2m
▲ 0.7%
Capital10
€5.2m
€5.2m
€5.2m
€5.2m
€5.2m
▲ 0.7%
Issued capital100
€5.2m
€5.2m
€5.2m
€5.2m
€5.2m
▲ 0.7%
Reserves13
€17,035
€17,035
€17,035
€17,035
€17,035
=
Non-distributable reserves130/1
€17,035
€17,035
€17,035
€17,035
€17,035
=
Legal reserve130
€17,035
€17,035
€17,035
€17,035
€17,035
=
Profit (loss) carried forward14
-€339,231
-€3.8m
-€7.0m
-€6.7m
-€5.8m
▲ 13.6%
Amounts payable17/49
€1.8m
€4.3m
€5.8m
€7.3m
€9.0m
▲ 22.9%
Amounts payable after more than one year17
€166,762
€93,681
€30,694
-
-
-
Financial debts170/4
€166,762
€93,681
€30,694
-
-
-
Amounts payable within one year42/48
€690,006
€2.2m
€2.3m
€2.7m
€3.2m
▲ 19.3%
Current portion of amounts payable after more than one year42
€246,835
€73,081
€62,987
€30,694
-
-
Financial debts43
-
€311,426
€471,911
€719,169
€746,177
▲ 3.8%
Credit institutions430/8
-
€311,426
€471,911
€719,169
€746,177
▲ 3.8%
Trade debts44
€99,774
€1.1m
€1.0m
€1.2m
€1.7m
▲ 40.6%
Suppliers440/4
€99,774
€1.1m
€1.0m
€1.2m
€1.7m
▲ 40.6%
Taxes, remuneration and social security45
€343,398
€707,408
€774,851
€723,109
€755,506
▲ 4.5%
Taxes450/3
€15,857
€45,897
€70,996
€14,042
€41,143
▲ 193%
Remuneration and social security454/9
€327,541
€661,511
€703,855
€709,067
€714,363
▲ 0.7%
Accrued charges and deferred income492/3
€907,275
€1.9m
€3.4m
€4.7m
€5.8m
▲ 24.9%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€575,730
-€3.5m
-€3.2m
€227,408
€919,023
▲ 304%
+ Depreciation and write-downs630
€41,493
€69,111
€75,195
€351,831
€993,221
▲ 182%
Operating cash flow (approximation)
-€534,237
-€3.4m
-€3.1m
€579,239
€1.9m
▲ 230%
Investment in fixed assets (approximation)
-
-€153,726
-€104,769
-€2.4m
-€2.6m
▼ 8.9%
Change in cash
-
-€2.0m
-€2.3m
-€356,332
€299,159
▲ 184%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Legal-form conversion · Capital increase · Capital11 facts ▸
Legal-form conversion, transformation en société anonyme
Capital increase, €131.000
Capital, €153.500
Purpose change, Remplacement de l'objet social
Statutes amendment
Statutes amendment
Statutes amendment
Share split, 225000, 225
Statutes amendment
Share distribution
Waiver, Renonciation à la prime d'émission et au droit de préférence
2014
23-05
State Gazette actAppointments: SD COMMUNICATION, VERDIN Olivier Jean Marie Eric and 2 others
Name change · Capital increase · Bank account16 facts ▸
General meeting, 30-04-2014
Name change, AppTweak
Capital increase, €131.000
Bank account, BE49 068899698871
Statutes amendment
Statutes amendment
Statutes amendment
Purpose change, Conseil, développement et vente d'applications informatiques; Conseil, développement, promotion et vente d'applications mobiles; Conseil en marketing, web marke…
Legal-form conversion, Société Anonyme
Net-asset statement, 31-01-2014
Director appointment, SD COMMUNICATION (director)
Director appointment, VERDIN Olivier Jean Marie Eric (director)
+4 further facts in this act
24-04
State Gazette actResignation: Dellis Sébastien (manager)
Appointment: Fontaine Steeve Ghislain Albert (non-statutory manager) · Founding capital · Mandate compensation8 facts ▸
Incorporation, 29-09-2011
Founding capital, €22.500
Director appointment, Fontaine Steeve Ghislain Albert (non-statutory manager)
Mandate compensation, Fontaine Steeve Ghislain Albert
Founder, Fontaine Steeve Ghislain Albert
Founder, Dellis Sébastien Benoît Julien
Founder, Verdin Olivier Jean Marie Eric
Assumption of liabilities, depuis le 31 août 2011
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
20 of 20 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
4 directors, 1 in day-to-day management, no change since 2026
Statutory auditor · since 01-01-2022 · perm. rep.: François JULIEN
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Louizalaan 235, 1050 ElseneGeneral electrical installation work
since 20112.203.407.656
1 parcel
Brussels1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
21807G0131/00T000
Brussels
5,672 m²
1 · 3,878 m²
45.8 m · 8 fl.
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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Conseil, développement et vente d'applications informatiques; Conseil, développement, promotion et vente d'applications mobiles; Conseil en marketing, web marketing et marketing…
Full purpose
Conseil, développement et vente d'applications informatiques; Conseil, développement, promotion et vente d'applications mobiles; Conseil en marketing, web marketing et marketing mobile; développement et vente d'applications digitales; Consulting et formation en marketing; Vente de publicités digitales; Consulting et développement informatique.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of APPTWEAK and those of the other companies, the acts in the Belgian Gazette and the LEI register.
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 fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
9 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 6,681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded03-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-mailsteeve@plazapp.beElsene
Phone02/740.43.24Elsene
Fax02/740.43.82Elsene
E-invoicing
Reachable via Peppol
Peppol ID0208:0839873510
Registered01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.