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Complete company report
Generated 13-07-2026
Active BE 0778.311.865Private limited companyOpen bankruptcy

APSAT

Ledebergplein 26 ·9050 Gent, Belgium· 4 yrs active
Sector: Food & beverage service (56112)
Conclusion Checked

A bankruptcy procedure is open for APSAT according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €10k and a net result of €8k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €10k
Net result €8k
Better than sector 69%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health13Profitability80Solvency69Growth50Stability0
42 / 100

Fragile profile, watch stability in particular.

Health 13
Profitability 80
Solvency 69
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
13 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 09-11-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 36.3% 16.5%
better than 69% of 3194 sector peers
Net result €8k €811
better than 66% of 3179 sector peers
Equity €10k €10k
better than 50% of 3198 sector peers
Gross operating margin €14k €35k
better than 34% of 3169 sector peers
Staff costs €6k €40k
higher than 15% of 2252 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2022
Revenue€113k
EBITDA-
Net profit€8k
Cash flow-
Staff costs€6k
Income taxes-
Dividends-
Total assets€29k
Equity€10k
Debt€18k
of which ≤ 1y€18k
of which > 1y-
Working capital€10k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.57
Quick ratio0.97
Working capital ratio36.3%
Solvency36.3%
Debt / equity1.76
Long-term debt ratio-
Interest coverage-
Gross margin12.3%
Net margin7.3%
ROA28.6%
ROE78.9%
EBITDA margin-
Days sales outstanding41d
Days payable outstanding68d
Inventory turnover9.08
Days inventory (DSI)40d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€29k
Current assets 29/58€29k
Stocks & contracts in progress 3€11k
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€29k
Equity 10/15€10k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€8k
Amounts payable 17/49€18k
Amounts payable within one year 42/48€18k
Trade debts payable within one year 44€18k
Income statement
Turnover 70€113k
Gross operating margin 9900€14k
Operating result 9901€8k
Financial charges 65€57
Result before taxes 9903€8k
Net result for the period 9904€8k
Result to be appropriated 9905€8k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator MATTHIAS GESQUIERE
MAALTEMEERS 84, 9051 1 GENT (SINT-DENIJS-WESTREM)
 11-06-2024 → present Belgian State Gazette
Legal Structure
NACE primary Food & beverage service(56112)
Legal form Private limited company(610)
Incorporation07-12-2021
StatusActive
Postal code9050
First BS signal 18-06-2024
Latest BS signal 18-06-2024
Company structure, linked entities1 linked entities
APSATBE 0778.311.865MATTHIAS GESQUIEREReceiver
Mandates
Establishment units 1 location
APSAT
Ledebergplein 26, 9050 GentActiviteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
since 20212.325.618.847
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.
44032A0177/00K004 Flanders 68 m² 1 · 66 m² 16.1 m · 4 fl.
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.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
18-06-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · APSAT BV LEDEBERGPLEIN 26, 9050 GENTBRUGGE · event 11-06-2024
2023
09-11-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
20-06-2022
State Gazette act Capital & shares
Lifecycle & Insolvency Signals 1 events
18-06-2024
Bankruptcy Opening
Date: 11-06-2024 · Ondernemingsrechtbank Gent, afdeling Gent · APSAT BV LEDEBERGPLEIN 26, 9050 GENTBRUGGE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-06-18 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
20-06-2022
Capital change
All acts · 1 updated 4 years ago
2022
20-06-2022 Buyback of own shares Capital & shares
Technical details 
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  "events": [
    {
      "kind": "share_transfer",
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      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "MEVROUW MIYA APSA KHATUN",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        },
        {
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      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_buyback",
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      "contribution_type": "inkoop_eigen_aandelen",
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    },
    {
      "kind": "share_class_creation",
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      "share_emission": {
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        "issue_price_per_share_eur": null
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-06-10",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2022-06-10",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-03-31"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0778.311.865",
    "name_full": "APSAT",
    "legal_form": "BV",
    "is_foreign_registered": false
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  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
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      "role": "aandeelhouder",
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    {
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      "kind": "person",
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    }
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  "share_classes_after": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameNL APSAT
Registered office
Ledebergplein 26
9050 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative