apvine
ActiveThe annual accounts of apvine for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-162k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 1416 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-63
Solvency27▼-11
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.14 in 2024; short-term debt: 94.3% and cash: 1.1% of total assets), and 97.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
-14.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1416 sector peers (2025).
NBB · sector comparisonPosition among 1416 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
48 d late
2024
26 d late
2023
21 d late
2022
29 d late
2021
5 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.53M▼ 7.0%
2024 · €4.87M
2021: €1.96M
2022: €2.36M
2023: €3.29M
2024: €4.87M
2021 → 2025
EBIT margin
-2.8%▼ 7.5pp
2024 · 4.7%
2021: -12.2%
2022: 3.7%
2023: 6.8%
2024: 4.7%
2021 → 2025
Net result
€-162k
2024 · €137k
2021: €-253k
2022: €66k
2023: €176k
2024: €137k
2021 → 2025
Working capital
€-35k
2024 · €165k
2021: €-202k
2022: €-155k
2023: €-25k
2024: €165k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.96M-€2.36M▲ 20.1%€3.29M▲ 39.6%€4.87M▲ 47.9%€4.53M▼ 7.0%
Equity€-191k-€-126k▲ 34.3%€50k€187k▲ 273%€25k▼ 86.6%
Operating result€-239k-€88k€223k▲ 153%€230k▲ 3.0%€-126k
Net result€-253k-€66k€176k▲ 169%€137k▼ 22.0%€-162k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €126k after €230k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€98k▼ 2.9%
Current assets
€1.02M▼ 23.4%
Equity and liabilities €1.12M
Equity
€25k▼ 86.6%
Provisions
€239
Debt
€1.09M▼ 12.2%
The debt ratio rises from 86.9% to 97.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-103k▼
2024 · €245k
Cash flow
€-140k▼
2024 · €153k
Solvency
2.2%▼
2024 · 13.1%
Current ratio
0.97▼
2024 · 1.14
Quick ratio
0.97▼
2024 · 1.14
Debt / equity
43.48▲
2024 · 6.63
ROE
-646.5%▼
2024 · 73.2%
ROA
-14.5%▼
2024 · 9.6%
Interest coverage
-2.87▼
2024 · 8.61
Debt
€1.09M▼
2024 · €1.24M
Debt ≤ 1 year
€1.05M▼
2024 · €1.16M
Income taxes
€3k▼
2024 · €64k
Staff costs
€1.13M▲
2024 · €971k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€1.12M▼
Fixed assets21/28€101k€98k▼
Tangible fixed assets22/27€42k€39k▼
Plant, machinery and equipment23€42k€39k▼
Financial fixed assets28€60k€60k=
Current assets29/58€1.33M€1.02M▼
Amounts receivable within one year40/41€1.24M€945k▼
Trade receivables40€1.12M€944k▼
Other amounts receivable41€114k€2k▼
Cash at bank and in hand54/58€80k€12k▼
Deferred charges and accrued income490/1€14k€61k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.12M▼
Equity10/15€187k€25k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€126k€126k=
Tax-exempt reserves132€126k€126k=
Profit (loss) carried forward14€-892€-163k▼
Provisions and deferred taxes16-€239
Provisions for liabilities and charges160/5-€239
Pensions and similar obligations160-€239
Amounts payable17/49€1.24M€1.09M▼
Amounts payable within one year42/48€1.16M€1.05M▼
Trade debts44€915k€624k▼
Suppliers440/4€915k€624k▼
Advances received on contracts in progress46€22k-
Taxes, remuneration and social security45€212k€156k▼
Taxes450/3€90k€30k▼
Remuneration and social security454/9€123k€126k▲
Other amounts payable47/48€15k€274k▲
Accrued charges and deferred income492/3€79k€38k▼
Income statement
Code20242025
Turnover70€4.87M€4.53M▼
Non-recurring operating income76A€50€186▲
Goods, raw materials, services and sundry goods60/61€3.75M€3.73M▼
Remuneration, social security and pensions62€971k€1.13M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€22k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10k
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A-€560
Gross operating margin9900€1.22M€1.04M▼
Operating profit (loss)9901€230k€-126k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€29k€36k▲
Recurring financial charges65€29k€36k▲
Profit (loss) for the period before taxes9903€202k€-159k▼
Income taxes67/77€64k€3k▼
Profit (loss) for the period9904€137k€-162k▼
Transfer to tax-exempt reserves689€63k-
Profit (loss) for the period to be appropriated9905€74k€-162k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-892€-163k▼
Profit (loss) brought forward from the previous period14P€-75k€-892▲
Social balance
Average headcount (FTE)908712.512.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 48 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Equity above €150kEq €187k ▲273%
3 profitable years in a row build equity to €187k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Highest result since 2021net €176k ▲169%
Net result €176k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kontich · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldkant 33 B2550 KontichGround area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Apyx
since 20202.302.177.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 13,796 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-01-2020
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.