Apticom
ActiveSummary
The computed 12-month bankruptcy probability of Apticom is 3.4% (moderate). The 2025 annual accounts show negative equity (-€968,112) and a net result of -€703,640. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 5% of 9,723 sector peers (NACE 46, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.8 FTE
- Equity
- -€968,112
- Loss
- -€703,640
Why 48raises riskLoss of €703,640, the second in a row (financial year 2025)Negative equity -€968,1121 of the last 3 latelowers riskFounded in 2022Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 8% on liquidity, 6% on profitability and 42% on growth.
The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 10 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Cornelis De Waardt (représentant légal)Director discharge · Power of…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €642,985 in 2025 against €796,803 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €0.4m | €1.0m | €1.3m | ▲ 25.0% |
| Goods, raw materials, services and sundry goods60/61 | €0.5m | €1.0m | €1.2m | ▲ 14.5% |
| Remuneration, social security and pensions62 | €0.8m | €0.7m | €0.7m | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.08m | €0.07m | ▼ 3.9% |
| Other operating charges640/8 | €0.005m | €0.005m | €0.005m | ▲ 18.0% |
| Gross operating margin9900 | €0.1m | €0.01m | €0.1m | ▲ 847% |
| Operating profit (loss)9901 | -€0.7m | -€0.8m | -€0.6m | ▲ 19.3% |
| Financial income75/76B | €0.01m | €0.04m | €0.05m | ▲ 25.0% |
| Recurring financial income75 | €0.01m | €0.04m | €0.05m | ▲ 25.0% |
| Financial charges65/66B | €0.07m | €0.1m | €0.1m | ▼ 4.8% |
| Recurring financial charges65 | €0.07m | €0.1m | €0.1m | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | -€0.8m | -€0.9m | -€0.7m | ▲ 19.6% |
| Income taxes67/77 | - | - | €0.005m | - |
| Profit (loss) for the period9904 | -€0.8m | -€0.9m | -€0.7m | ▲ 19.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.8m | -€0.9m | -€0.7m | ▲ 19.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.8m | €0.8m | €0.7m | ▼ 10.2% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | ▼ 28.6% |
| Intangible fixed assets21 | €0.01m | €0.2m | €0.1m | ▼ 27.1% |
| Tangible fixed assets22/27 | €0.3m | €0.08m | €0.05m | ▼ 32.3% |
| Plant, machinery and equipment23 | €0.06m | €0.05m | €0.03m | ▼ 31.4% |
| Furniture and vehicles24 | €0.02m | €0.02m | €0.01m | ▼ 33.6% |
| Other tangible fixed assets26 | €0.02m | €0.01m | €0.008m | ▼ 33.9% |
| Assets under construction and advance payments27 | €0.2m | - | - | - |
| Financial fixed assets28 | €0.002m | €0 | - | - |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | ▼ 1.0% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | ▼ 6.1% |
| Stocks30/36 | €0.3m | €0.3m | €0.3m | ▼ 6.1% |
| Amounts receivable within one year40/41 | €0.2m | €0.05m | €0.2m | ▲ 314% |
| Trade receivables40 | €0.1m | €0.05m | €0.2m | ▲ 314% |
| Other amounts receivable41 | €0.06m | - | €26 | - |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.03m | ▼ 83.1% |
| Deferred charges and accrued income490/1 | €0.004m | €0.004m | €0.007m | ▲ 65.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.7m | ▼ 10.2% |
| Equity10/15 | -€0.8m | -€0.3m | -€1.0m | ▼ 266% |
| Contributions10/11 | €0.005m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | -€0.8m | -€1.7m | -€2.4m | ▼ 42.2% |
| Amounts payable17/49 | €1.6m | €1.0m | €1.7m | ▲ 60.6% |
| Amounts payable within one year42/48 | €1.6m | €1.0m | €1.5m | ▲ 43.5% |
| Financial debts43 | - | €0.5m | €0.9m | ▲ 93.9% |
| Credit institutions430/8 | - | €0.5m | €0.9m | ▲ 93.9% |
| Trade debts44 | €0.08m | €0.06m | €0.1m | ▲ 129% |
| Suppliers440/4 | €0.08m | €0.06m | €0.1m | ▲ 129% |
| Taxes, remuneration and social security45 | €0.1m | €0.1m | €0.07m | ▼ 46.4% |
| Taxes450/3 | - | €0.005m | €0.004m | ▼ 12.0% |
| Remuneration and social security454/9 | €0.1m | €0.1m | €0.07m | ▼ 47.7% |
| Other amounts payable47/48 | €1.4m | €0.4m | €0.4m | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | - | €0.2m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€798,222 | -€868,930 | -€703,640 | ▲ 19.0% |
| + Depreciation and write-downs630 | €35,010 | €76,441 | €73,461 | ▼ 3.9% |
| Operating cash flow (approximation) | -€763,212 | -€792,489 | -€630,180 | ▲ 20.5% |
| Investment in fixed assets (approximation) | - | -€43,067 | €0 | - |
| Change in cash | - | €51,479 | -€141,609 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00358398 |
| 31-12-2024 | full format | 31-08-2025 | 2025-00456330 |
| 31-12-2023 | full format | 30-07-2024 | 2024-00320840 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Day-to-day management
- Permanent representative
- began earlier
| Name | Functions and periods |
|---|---|
| Cornelis De Waardt |
|
| Cornelis De Waardt |
|
Owners and capital
Capital and shareholders
- Apticom AB €1,397,679.69
- Apticom AB all shares · 100%
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
No directors read yet: 2 of 6 Gazette acts processed.
History
Acts, filings and financial milestones
04-03
Gazette deed
Resignation: Cornelis De Waardt (représentant légal)Director discharge · Power of attorney6 facts ▸
- General meeting, 30-01-2026
- Director resignation, Cornelis De Waardt (représentant légal)
- Director discharge, Cornelis De Waardt (représentant légal)
- Board meeting, 29-01-2026
- Director resignation, Cornelis De Waardt (daily management delegate)
- Power of attorney, SRL iQeros
17-06
Gazette deed
Capital & sharesAuditor report · Capital contribution · Shareholding15 facts ▸
- Other provision, “unanimité, renonciation aux rapports article 5:121 paragraphe 1er” (deed in French)
- Other provision, “dispense de lecture et connaissance des rapports, parfaite connaissance pour en avoir reçu copie” (deed in French)
- Auditor report, “conclusion apport en nature, aucune constatation significative” (deed in French)
- Other provision, “absence de rémunération spécifique de l'apport, pas d'attribution d'actions supplémentaires” (deed in French)
- Other provision, “proposition de ne pas émettre d'actions en contrepartie, organe d'administration dans projet de rapport spécial article 5:133” (deed in French)
- Auditor report, “données comptables et financières du rapport spécial justification prix d'émission conséquences droits patrimoniaux et sociaux, examen absence d'émission d'acti…” (deed in French)
- Other provision, “no fairness opinion, article 5:133 du Code des Sociétés et des Associations” (deed in French)
- Other provision, “absence évènement postérieur aux contrôles modifiant conclusions” (deed in French)
- Capital contribution
- Other provision, “consistance apport en nature”, 1397679.69 (deed in French)
- Capital contribution, €1,397,679.69
- Shareholding, “actions actuelles”, 100 (deed in French)
- +3 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Rue Santos - Dumont 16041 Charleroi1 establishment unit
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 2 more provisions in the deed, see the deed of 17-06-2024
Read from the deeds: 2 provisions, deed of 17-06-2024