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Apryse Belgium AcquisitionCo

Active
Public limited company· 4 yrs active
Technologiepark-Zwijnaarde 122 ·9052 Gent, Belgium
KBO/BCE: BE 0783.728.326
Watch Print / PDF
Age4 yrs
Connections6

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Apryse Belgium AcquisitionCo is 3.4% (moderate). The 2023 annual accounts show negative equity (€-39.49M) and a net result of €-30.25M. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
3.4% Moderate
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 386 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-12-2025, 505 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 18-12-2025 505 d late 2025-00584466
31-12-2022 31-07-2023 16-10-2023 77 d late 2023-00487037

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-30.25M-575.1%
Working capital€-201.83M-13.5%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2023 · volledig
€-40.00M€-30.00M€-20.00M€-10.00M€0Operating result 2022: €-6.23M€-6.23MNet result 2022: €-4.48M€-4.48MOperating result 2023: €-480k€-480kNet result 2023: €-30.25M€-30.25M20222023
Operating resultNet result
Net profit
€-30.25M
-575.1% 22-23
Total assets
€425.13M
+35.8% 22-23
Equity
€-39.49M
-795.4% 22-23
Working capital
€-201.83M
-13.5% 22-23
Income taxes
€0
- 22-23
Debt
€464.62M
+46.3% 22-23
Debt ≤ 1y
€209.71M
+11.0% 22-23
Debt > 1y
€241.30M
+87.6% 22-23
Show 6 other metrics
Current ratio
0.04
-36.5% 22-23
Quick ratio
0.04
-36.5% 22-23
Solvency
-9.3%
-559.5% 22-23
Debt / equity
-11.77
+83.7% 22-23
ROE
76.6%
-24.6% 22-23
ROA
-7.1%
-397.3% 22-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA-
Net profit€-30.25M
Cash flow-
Staff costs-
Income taxes€0
Dividends-
Total assets€425.13M
Equity€-39.49M
Debt€464.62M
of which ≤ 1y€209.71M
of which > 1y€241.30M
Working capital€-201.83M
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.04
Quick ratio0.04
Working capital ratio-47.5%
Solvency-9.3%
Debt / equity-11.77
Long-term debt ratio-6.11
Interest coverage-
Gross margin-
Net margin-
ROA-7.1%
ROE76.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€425.13M
Fixed assets 21/28€417.26M
Financial fixed assets 28€417.26M
Current assets 29/58€7.88M
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€13k
Cash & bank 54/58€2.32M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€425.13M
Equity 10/15€-39.49M
Contributions / capital 10/11€70k
Accumulated profits (losses) 14€-39.56M
Amounts payable 17/49€464.62M
Amounts payable after one year 17€241.30M
Amounts payable within one year 42/48€209.71M
Trade debts payable within one year 44€10k
Income statement
Operating result 9901€-480k
Financial income 75€0
Financial charges 65€29.77M
Result before taxes 9903€-30.25M
Income taxes 67/77€0
Net result for the period 9904€-30.25M
Result to be appropriated 9905€-30.25M
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
17 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
10 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Kenneth Saunders
    Director
    State Gazette act 23080012 (21-06-2023)
    Current
    19-05-2023 → present
  • Cassidy SMIRNOW
    Director
    State Gazette act 22054221 (02-05-2022)
    Current
    19-04-2022 → present
  • Joel MARTINS
    Director
    State Gazette act 22054221 (02-05-2022)
    Current
    19-04-2022 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

1 auditor
Statutory auditor IRE/IBR number Tenure
KPMG BedrijfsrevisorenCurrent
Company auditor · represented by Olivier Declercq
- 15-03-2024 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Public limited company(014)
Incorporation23-03-2022
StatusActive
Postal code9052

Structure & network

Connections & network

6 connected companies
Apryse, Shared address AApryseApryse Belgium HoldCo, Shared address ABApryse BelgiumHoldCoApryse Group, Shared address AGApryse GroupApryse Software, Shared address ASApryseSoftwareHUAWEI TECHNOLOGIES RESEARCH & DEVELOPMENT BELGIUM, Shared address HTHUAWEITECHNOLO…LGIUMMorrow, Shared address MMorrowApryse Belgium AcquisitionCo ApryseBelgium…onCo0783.728.326
Shared address / shareholder
Network connections
Apryse
Shared address
Apryse Belgium HoldCo
Shared address
Apryse Group
Shared address
Apryse Software
Shared address
Show 2 more network connections
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
20 companies at this address See who is registered here

Establishment units

1 location
Technologiepark-Zwijnaarde 122, 9052 Gent
Holdings
since 20222.329.677.407
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,594 m²
Buildings1
Building footprint1,214 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082B0100/00H000 Flanders 3,594 m² 1 · 1,214 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

10 acts
Address history · 1
17-06-2022
v3.2
All acts · 10 updated 5 months ago
2026
09-03-2026 Mike Boonen reappointed as statutory auditor Director changes
  • Mike Boonen, Commissaris
2025
19-05-2025 Change in the board of directors Director changes
11-03-2025 Change in the board of directors Director changes
2024
25-03-2024 Articles of association amended Statutes amendment
2023
21-06-2023 Kenneth Saunders appointed as director Director changes
  • Kenneth Saunders, Bestuurder
Summary: v3.2
26-04-2023 Change in the board of directors Director changes
14-02-2023 Articles of association amended Statutes amendment
2022
17-06-2022 Registered office moved from Brussel to Gent Registered-office change
  • de Meeûssquare 35, 1000 Brussel → Technologiepark-Zwijnaarde 122, 9052 Gent
Summary: v3.2
02-05-2022 2 directors appointed Director changes
  • Cassidy SMIRNOW, Bestuurder
  • Joel MARTINS, Bestuurder
Summary: v3.2
25-03-2022 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Financial profile

5 of 5 axes measured
Health17Profitability100Solvency33Growth32Stability94
55 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 17
Profitability 100
Solvency 33
Growth 32
Stability 94

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL Apryse Belgium AcquisitionCo
Registered office
Technologiepark-Zwijnaarde 122
9052 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.