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APSOLUT.

Active
Private limited companyfounded 20196 yrs activeSint-Andriesdreef 24, 8200 Brugge, BelgiumKBO/BCE: BE 0739.610.152
Summary

The computed 12-month bankruptcy probability of APSOLUT. is 2.5% (moderate). The 2025 annual accounts show equity of €228,745 and a net result of -€5,765. Equity is shrinking by ~3.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability12=
Solvency56▼-1
Growth38=
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 2.47 against 2.6 in 2024; short-term debt: 40.4% and cash: 1.4% of total assets), but 69.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€5,765
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 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
22 d early
2024
3 d early
2023
1 d early
2022
4 d early
2021
2 d early
2020
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
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

On 16 December 2019, APSOLUT. was incorporated as a Private limited company.1 Total assets went from EUR 773,156 in 2020 to EUR 746,260 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€76▼ 86.0%
2024 · €545
EBIT margin
-8954.6%▼ 7723.0pp
2024 · -1231.5%
Net result
-€5,765▲ 15.1%
2024 · -€6,788
Working capital
€444,294▼ 0.6%
2024 · €446,913
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€399,998€545▼ 99.9%€76▼ 86.0%
Operating result-€11,922▲ 24.0%-€16,008▼ 34.3%-€10,524▲ 34.3%-€6,713▲ 36.2%-€6,826▼ 1.7%
Net result-€12,861▲ 39.7%-€16,513▼ 28.4%-€7,987▲ 51.6%-€6,788▲ 15.0%-€5,765▲ 15.1%
EBIT margin-2.6%-1231.5%▼ 1228.9pp-8954.6%▼ 7723.0pp
Equity€265,798▼ 4.6%€249,285▼ 6.2%€241,298▼ 3.2%€234,510▼ 2.8%€228,745▼ 2.5%
Total assets€1.0m▲ 34.0%€1.1m▲ 2.2%€719,993▼ 32.0%€725,956▲ 0.8%€746,260▲ 2.8%
Debt€770,055▲ 55.7%€809,166▲ 5.1%€478,695▼ 40.8%€491,446▲ 2.7%€517,514▲ 5.3%
Working capital€456,509▲ 16.8%€449,073▼ 1.6%€447,424▼ 0.4%€446,913▼ 0.1%€444,294▼ 0.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€11,922-€11,922Net result 2021: -€12,861-€12,861Operating result 2022: -€16,008-€16,008Net result 2022: -€16,513-€16,513Operating result 2023: -€10,524-€10,524Net result 2023: -€7,987-€7,987Operating result 2024: -€6,713-€6,713Net result 2024: -€6,788-€6,788Operating result 2025: -€6,826-€6,826Net result 2025: -€5,765-€5,76520212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€10,524-€10,500Net result 2023: -€7,987-€7,990Operating result 2024: -€6,713-€6,710Net result 2024: -€6,788-€6,790Operating result 2025: -€6,826-€6,830Net result 2025: -€5,765-€5,770202320242025
The operating result stays negative: a loss of €6,826 in 2025 against €6,713 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €746,260
Fixed assets €567 ▲ 167%
Current assets €745,693 ▲ 2.7%
Equity and liabilities €746,260
Equity €228,745 ▼ 2.5%
Debt €517,514 ▲ 5.3%
Debt's share of the balance-sheet total rises from 67.7% to 69.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,586▼
2024 · -€3,936
Cash flow
-€5,525▼
2024 · -€4,011
Current ratio
2.47▼
2024 · 2.60
Quick ratio
0.03▲
2024 · 0.02
Debt to equity
2.26▲
2024 · 2.10
ROE
-2.5%▲
2024 · -2.9%
ROA
-0.8%▲
2024 · -0.9%
Interest coverage
-146.37▼
2024 · -52.48
Debt ≤ 1 year
€301,399▲
2024 · €278,830
Debt > 1 year
€216,116▲
2024 · €212,616
Income taxes
-€1,106
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 928 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
1.5% went bankrupt
5.6% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 928 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 accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€725,956€746,260▲
Fixed assets21/28€212€567▲
Tangible fixed assets22/27€212€567▲
Plant, machinery and equipment23-€567
Furniture and vehicles24€212€0▼
Current assets29/58€725,744€745,693▲
Stocks and contracts in progress3€720,105€735,314▲
Stocks30/36€720,105€735,314▲
Cash at bank and in hand54/58€5,639€10,378▲
Equity and liabilities
Total equity and liabilities10/49€725,956€746,260▲
Equity10/15€234,510€228,745▼
Contributions10/11€300,000€300,000=
Profit (loss) carried forward14-€65,490-€71,255▼
Amounts payable17/49€491,446€517,514▲
Amounts payable after more than one year17€212,616€216,116▲
Financial debts170/4€200,000€200,000=
Other amounts payable178/9€12,616€16,116▲
Amounts payable within one year42/48€278,830€301,399▲
Financial debts43€278,200€278,200=
Other loans439€278,200€278,200=
Trade debts44€232€301▲
Suppliers440/4€232€301▲
Other amounts payable47/48€398€22,898▲
Income statement Code20242025
Turnover70€545€76▼
Goods, raw materials, services and sundry goods60/61€2,463€6,013▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,777€240▼
Other operating charges640/8€2,017€649▼
Gross operating margin9900-€1,918-€5,937▼
Operating profit (loss)9901-€6,713-€6,826▼
Financial charges65/66B€75€45▼
Recurring financial charges65€75€45▼
Profit (loss) for the period before taxes9903-€6,788-€6,871▼
Income taxes67/77--€1,106
Profit (loss) for the period9904-€6,788-€5,765▲
Profit (loss) for the period to be appropriated9905-€6,788-€5,765▲
Appropriation of the result
Profit (loss) to be appropriated9906-€65,490-€71,255▼
Profit (loss) brought forward from the previous period14P-€58,702-€65,490▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70--€399,998€545€76▼ 86.0%
Goods, raw materials, services and sundry goods60/61€8,201€12,354€406,521€2,463€6,013▲ 144%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,531€3,462€2,838€2,777€240▼ 91.4%
Other operating charges640/8€190€193€1,163€2,017€649▼ 67.8%
Gross operating margin9900-€8,201-€12,354-€6,523-€1,918-€5,937▼ 210%
Operating profit (loss)9901-€11,922-€16,008-€10,524-€6,713-€6,826▼ 1.7%
Financial income75/76B€0€0€3,688---
Recurring financial income75€0€0€3,688---
Financial charges65/66B€939€505€45€75€45▼ 40.0%
Recurring financial charges65€939€505€45€75€45▼ 40.0%
Profit (loss) for the period before taxes9903-€12,861-€16,513-€6,881-€6,788-€6,871▼ 1.2%
Income taxes67/77--€1,106--€1,106-
Profit (loss) for the period9904-€12,861-€16,513-€7,987-€6,788-€5,765▲ 15.1%
Profit (loss) for the period to be appropriated9905-€12,861-€16,513-€7,987-€6,788-€5,765▲ 15.1%
Line20212022202320242025Change
Assets
Total assets20/58€1.0m€1.1m€719,993€725,956€746,260▲ 2.8%
Fixed assets21/28€9,289€5,828€2,989€212€567▲ 167%
Intangible fixed assets21€431€0€0---
Tangible fixed assets22/27€8,858€5,828€2,989€212€567▲ 167%
Plant, machinery and equipment23€315€61€0-€567-
Furniture and vehicles24€8,543€5,766€2,989€212€0▼ 100%
Current assets29/58€1.0m€1.1m€717,004€725,744€745,693▲ 2.7%
Stocks and contracts in progress3€1.0m€1.1m€705,807€720,105€735,314▲ 2.1%
Stocks30/36€1.0m€1.1m€705,807€720,105€735,314▲ 2.1%
Amounts receivable within one year40/41€8-----
Other amounts receivable41€8-----
Cash at bank and in hand54/58€19,203€1,528€11,197€5,639€10,378▲ 84.1%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.1m€719,993€725,956€746,260▲ 2.8%
Equity10/15€265,798€249,285€241,298€234,510€228,745▼ 2.5%
Contributions10/11€300,000€300,000€300,000€300,000€300,000=
Profit (loss) carried forward14-€34,202-€50,715-€58,702-€65,490-€71,255▼ 8.8%
Amounts payable17/49€770,055€809,166€478,695€491,446€517,514▲ 5.3%
Amounts payable after more than one year17€200,000€205,616€209,116€212,616€216,116▲ 1.6%
Financial debts170/4€200,000€200,000€200,000€200,000€200,000=
Other amounts payable178/9-€5,616€9,116€12,616€16,116▲ 27.7%
Amounts payable within one year42/48€570,055€603,551€269,579€278,830€301,399▲ 8.1%
Current portion of amounts payable after more than one year42€500,000-----
Financial debts43€40,000€600,000€250,000€278,200€278,200=
Other loans439€40,000€600,000€250,000€278,200€278,200=
Trade debts44€24,064€1,539€18,463€232€301▲ 29.4%
Suppliers440/4€24,064€1,539€18,463€232€301▲ 29.4%
Other amounts payable47/48€5,991€2,012€1,116€398€22,898▲ 5,650%
Line20212022202320242025Change
Profit (loss) for the period9904-€12,861-€16,513-€7,987-€6,788-€5,765▲ 15.1%
+ Depreciation and write-downs630€3,531€3,462€2,838€2,777€240▼ 91.4%
Operating cash flow (approximation)-€9,331-€13,051-€5,149-€4,011-€5,525▼ 37.8%
Investment in fixed assets (approximation)-€0€0€0-€594-
Change in cash--€17,675€9,668-€5,558€4,740▲ 185%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
2,108 m²
Building footprint
218 m²
Volume, LiDAR
1,274 m³
Parcel 31362A0183/00A000, Flanders · tallest building 25.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
APSOLUT.
Sint-Andriesdreef 24, 8200 BruggeReal estate activities
since 20192.298.821.014
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31362A0183/00A000 Flanders 2,108 m² 1 · 218 m² 25.5 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

3 owners

Chain of control

  1. ROSA 73.33%
  2. APSOLUT.

Highest known parent: ROSA. The sources do not say who stands above it.

Owners 3

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of APSOLUT. 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-12-2019
Fiscal year end31-12
Contact
E-mail adriaan@apsolut.be
E-mail roch.pieters@icloud.com
Phone 0485553185
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.