APS HOME
ActiveSummary
APS HOME has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €148,796. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 82% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency100▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.28 in 2024; short-term debt: 9.7% and cash: 1.7% of total assets), and 22.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.5%
Return on assets
6.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
43 d early
2023
19 d early
2022
11 d late
2021
5 d late
2020
39 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.7m▲ 9.7%
2024 · €1.5m
Total assets
€2.2m▲ 2.0%
2024 · €2.1m
Net result
€148,796▲ 72.9%
2024 · €86,063
Working capital
€243,831▲ 191%
2024 · €83,830
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€159,401▲ 1.3%€167,559▲ 5.1%€130,132▼ 22.3%€132,343▲ 1.7%€233,219▲ 76.2%
Net result€119,476within the sector's middle half▼ 6.0%€130,397within the sector's middle half▲ 9.1%€92,402within the sector's middle half▼ 29.1%€86,063within the sector's middle half▼ 6.9%€148,796above the sector's middle half▲ 72.9%
Equity€114,823below the sector's middle half▼ 0.5%€115,220below the sector's middle half▲ 0.3%€157,622within the sector's middle half▲ 36.8%€1.5mabove the sector's middle half▲ 877%€1.7mabove the sector's middle half▲ 9.7%
Total assets€533,150below the sector's middle half▼ 17.9%€399,311below the sector's middle half▼ 25.1%€847,031within the sector's middle half▲ 112%€2.1mwithin the sector's middle half▲ 152%€2.2mwithin the sector's middle half▲ 2.0%
Debt€418,328▼ 21.7%€284,090▼ 32.1%€689,409▲ 143%€595,143▼ 13.7%€489,087▼ 17.8%
Working capital€38,420below the sector's middle half▲ 114%€51,287below the sector's middle half▲ 33.5%-€6,181below the sector's middle half€83,830within the sector's middle half€243,831within the sector's middle half▲ 191%
Solvency21.5%within the sector's middle half▲ 3.8pp28.9%within the sector's middle half▲ 7.3pp18.6%below the sector's middle half▼ 10.2pp72.1%above the sector's middle half▲ 53.5pp77.5%above the sector's middle half▲ 5.4pp
Current ratio1.13below the sector's middle half▲ 0.081.23within the sector's middle half▲ 0.100.98below the sector's middle half▼ 0.251.28within the sector's middle half▲ 0.302.15within the sector's middle half▲ 0.87
Return on assets (ROA)22.4%above the sector's middle half▲ 2.8pp32.7%above the sector's middle half▲ 10.2pp10.9%above the sector's middle half▼ 21.7pp4.0%within the sector's middle half▼ 6.9pp6.8%within the sector's middle half▲ 2.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 76% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.7m ▼ 1.8%
Current assets
€455,445 ▲ 19.8%
Equity and liabilities €2.2m
Equity
€1.7m ▲ 9.7%
Debt
€489,087 ▼ 17.8%
Debt's share of the balance-sheet total falls from 27.9% to 22.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€282,793▲
2024 · €250,550
Cash flow
€198,369▼
2024 · €204,270
Debt to equity
0.29▼
2024 · 0.39
ROE
8.8%▲
2024 · 5.6%
Interest coverage
13.49▲
2024 · 10.30
Debt ≤ 1 year
€211,614▼
2024 · €296,495
Debt > 1 year
€270,278▼
2024 · €293,611
Income taxes
€63,561▲
2024 · €22,275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 17,811 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,400 | €33,466 | ▲ 2,290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,992 | €82,473 | €107,483 | €118,207 | €49,574 | ▼ 58.1% |
| Other operating charges640/8 | €18,005 | €16,388 | €18,371 | €24,233 | €17,700 | ▼ 27.0% |
| Gross operating margin9900 | €259,398 | €266,421 | €255,985 | €274,783 | €300,493 | ▲ 9.4% |
| Operating profit (loss)9901 | €159,401 | €167,559 | €130,132 | €132,343 | €233,219 | ▲ 76.2% |
| Financial income75/76B | €3,108 | €4,517 | €4,501 | €311 | €101 | ▼ 67.6% |
| Recurring financial income75 | €3,108 | €4,517 | €4,501 | €311 | €101 | ▼ 67.6% |
| Financial charges65/66B | €8,133 | €3,311 | €12,131 | €24,316 | €20,963 | ▼ 13.8% |
| Recurring financial charges65 | €8,133 | €3,311 | €12,131 | €24,316 | €20,963 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €154,377 | €168,765 | €122,502 | €108,338 | €212,357 | ▲ 96.0% |
| Income taxes67/77 | €34,901 | €38,367 | €30,100 | €22,275 | €63,561 | ▲ 185% |
| Profit (loss) for the period9904 | €119,476 | €130,397 | €92,402 | €86,063 | €148,796 | ▲ 72.9% |
| Profit (loss) for the period to be appropriated9905 | €119,476 | €130,397 | €92,402 | €86,063 | €148,796 | ▲ 72.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533,150 | €399,311 | €847,031 | €2.1m | €2.2m | ▲ 2.0% |
| Fixed assets21/28 | €199,603 | €127,134 | €483,648 | €1.8m | €1.7m | ▼ 1.8% |
| Tangible fixed assets22/27 | €198,411 | €125,942 | €482,456 | €1.8m | €1.7m | ▼ 1.8% |
| Land and buildings22 | €198,411 | €125,942 | €482,456 | €1.7m | €1.7m | ▼ 1.4% |
| Furniture and vehicles24 | - | - | - | €7,798 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,192 | €1,192 | €1,192 | €1,192 | €1,192 | = |
| Current assets29/58 | €333,547 | €272,177 | €363,383 | €380,325 | €455,445 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €303,375 | €239,107 | €300,256 | €289,123 | €414,557 | ▲ 43.4% |
| Trade receivables40 | €97,163 | €22,235 | €14,693 | €9,976 | €135,409 | ▲ 1,257% |
| Other amounts receivable41 | €206,211 | €216,873 | €285,563 | €279,148 | €279,148 | = |
| Cash at bank and in hand54/58 | €17,460 | €19,167 | €58,098 | €85,851 | €35,960 | ▼ 58.1% |
| Deferred charges and accrued income490/1 | €12,713 | €13,903 | €5,029 | €5,351 | €4,928 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533,150 | €399,311 | €847,031 | €2.1m | €2.2m | ▲ 2.0% |
| Equity10/15 | €114,823 | €115,220 | €157,622 | €1.5m | €1.7m | ▲ 9.7% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €1.4m | €1.4m | = |
| Reserves13 | €64,823 | €65,220 | €107,622 | €108,685 | €257,481 | ▲ 137% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €0 | - | - |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €0 | - | - |
| Distributable reserves133 | €59,823 | €60,220 | €102,622 | €108,685 | €257,481 | ▲ 137% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €418,328 | €284,090 | €689,409 | €595,143 | €489,087 | ▼ 17.8% |
| Amounts payable after more than one year17 | €123,200 | €63,200 | €319,845 | €293,611 | €270,278 | ▼ 7.9% |
| Financial debts170/4 | €120,000 | €60,000 | €316,945 | €293,611 | €270,278 | ▼ 7.9% |
| Other amounts payable178/9 | €3,200 | €3,200 | €2,900 | €0 | - | - |
| Amounts payable within one year42/48 | €295,128 | €220,890 | €369,564 | €296,495 | €211,614 | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | €60,000 | €60,000 | €83,333 | €23,333 | €23,333 | = |
| Trade debts44 | €102,811 | €14,035 | €15,156 | €24,282 | €10,035 | ▼ 58.7% |
| Suppliers440/4 | €102,811 | €14,035 | €15,156 | €24,282 | €10,035 | ▼ 58.7% |
| Taxes, remuneration and social security45 | €12,316 | €16,855 | €13,471 | €9,452 | €40,432 | ▲ 328% |
| Taxes450/3 | €12,316 | €16,855 | €13,471 | €9,452 | €40,432 | ▲ 328% |
| Other amounts payable47/48 | €120,000 | €130,000 | €257,604 | €239,428 | €137,814 | ▼ 42.4% |
| Accrued charges and deferred income492/3 | - | - | - | €5,037 | €7,194 | ▲ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,476 | €130,397 | €92,402 | €86,063 | €148,796 | ▲ 72.9% |
| + Depreciation and write-downs630 | €81,992 | €82,473 | €107,483 | €118,207 | €49,574 | ▼ 58.1% |
| Operating cash flow (approximation) | €201,468 | €212,871 | €199,885 | €204,270 | €198,369 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | -€10,004 | -€463,997 | -€1.4m | -€17,193 | ▲ 98.8% |
| Change in cash | - | €1,707 | €38,931 | €27,753 | -€49,891 | ▼ 280% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
11-03
State Gazette act
Capital & shares · RestructuringDemerger · Capital increase · Share issue12 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Capital increase · Share issue12 facts ▸
- General meeting, 29-01-2026
- Demerger, partial split by contribution, EUR
- Capital increase, €311.345,58
- Share issue, kapitaalaandelen, 11766
- Accounting effect, 01-07-2025
- Net-asset statement, 30-06-2025
- Real estate, Grootwarenhuis met aanhorigheden, op en met grond, gelegen Ijzeren Bareel 20A te 8587 Spiere-Helkijn (Spiere), sectie C, perceelnummer 9D P0000, oppervlakte 1ha…
- Real estate, Woonhuis met aanhorigheden, op en met grond, gelegen Justitiestraat 5 te 8587 Spiere-Helkijn (Spiere), sectie C, perceelnummer 32C P0000, oppervlakte 61a 23ca.…
- Real estate, Garage met aanhorigheden, op en met grond, gelegen Justitiestraat 5+ te 8587 Spiere-Helkijn (Spiere), sectie C, perceelnummer 33E P0000, oppervlakte 1a 5ca. (Co…
- Statutes amendment
- Power of attorney, Lien Galle
- Power of attorney, APS HOME
2025
31-12
Financial
Highest result since 2018net €148,796 ▲72.9%
Operating result €233,219, net result €148,796, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.5m ▲877%
7 profitable years in a row build equity to €1.5m.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €157,622 ▲36.8%
6 profitable years in a row build equity to €157,622.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €85,341 ▼8.3%
Net result drops to €85,341, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2009
Ground area
7,212 m²
Building footprint
3,317 m²
Volume, LiDAR
19,558 m³
Parcel 34021A0327/00M000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Slots Décoration
since 20092.179.500.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34021A0327/00M000 | Flanders | 7,212 m² | 1 · 3,317 m² | 7.7 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
0.07%
According to the 2023 annual accounts of APS HOME 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionReceived in a demerger part of:SLOTS PHILIP
Capital and shareholders
Capital over the years
- 11-03-2026 Capital increase of 311,345.58 EUR · 11,766 new shares
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Of 183 companies in sector 46411 we hold annual accounts for 112. 51 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46441Wholesale trade
46498Wholesale trade
47512Retail sale of household textiles and bedding
47711Retail sale of women's outerwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817072570
Also
9925:BE0817072570
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.