Summary
Conclusion
the dossier summarised in one paragraphThe 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 everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceSignals 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| 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 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2023Show 6 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| 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) | - |
| 2023 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| 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% |
| ROE | 76.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2023 |
|---|---|---|
| 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 |
Health barometer
FY 2023 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Directors
Directors & mandates
3 directors-
Current19-05-2023 → present
-
Current19-04-2022 → present
-
Current19-04-2022 → present
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG BedrijfsrevisorenCurrent Company auditor · represented by Olivier Declercq |
- | 15-03-2024 → present |
Insolvency mandates
Legal Structure
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 23-03-2022 |
| Status | Active |
| Postal code | 9052 |
Structure & network
Connections & network
6 connected companiesShow 2 more network connections
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0100/00H000 | Flanders | 3,594 m² | 1 · 1,214 m² | - |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
10 acts09-03-2026 Mike Boonen reappointed as statutory auditor
- Mike Boonen, Commissaris
19-05-2025 Change in the board of directors
11-03-2025 Change in the board of directors
25-03-2024 Articles of association amended
21-06-2023 Kenneth Saunders appointed as director
26-04-2023 Change in the board of directors
14-02-2023 Articles of association amended
17-06-2022 Registered office moved from Brussel to Gent
- de Meeûssquare 35, 1000 Brussel → Technologiepark-Zwijnaarde 122, 9052 Gent
02-05-2022 2 directors appointed
25-03-2022 Incorporation of a new NV
Analysis
Financial profile
5 of 5 axes measuredMixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | Apryse Belgium AcquisitionCo |