DE APPEL
InactiveDE APPEL was declared bankrupt on 19-12-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 23-10-2025, published in the Belgian State Gazette on 28-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-06-2024, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
54 d early
2022
52 d early
2021
75 d early
2020
36 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 53 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 (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€120,349▼ 11.7%
2022 · -€107,789
Total assets
€39,244▲ 10.2%
2022 · €35,597
Net result
-€12,560▲ 39.0%
2022 · -€20,577
Working capital
-€52,728▼ 17.8%
2022 · -€44,776
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
Line20192020202120222023
Operating result-€22,896▲ 30.7%€33,858€40,877▲ 20.7%-€20,553-€12,176▲ 40.8%
Net result-€24,451▲ 19.5%€31,661€40,839▲ 29.0%-€20,577-€12,560▲ 39.0%
Equity-€159,712▼ 18.1%-€128,051▲ 19.8%-€87,212▲ 31.9%-€107,789▼ 23.6%-€120,349▼ 11.7%
Total assets€31,679▼ 28.9%€29,989▼ 5.3%€52,786▲ 76.0%€35,597▼ 32.6%€39,244▲ 10.2%
Debt€191,391▲ 6.5%€158,040▼ 17.4%€139,997▼ 11.4%€143,386▲ 2.4%€159,593▲ 11.3%
Working capital-€97,884▼ 6.6%-€56,862▲ 41.9%-€26,181▲ 54.0%-€44,776▼ 71.0%-€52,728▼ 17.8%
Staff (FTE)4.5▼ 22.4%3.5▼ 22.2%4.3▲ 22.9%4.3=4.4▲ 2.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,176 in 2023 against €20,553 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €39,244
Fixed assets
€13,819 ▲ 62.3%
Current assets
€25,424 ▼ 6.1%
Key figures and ratios
EBITDA
-€9,452▲
2022 · -€17,519
Cash flow
-€9,836▲
2022 · -€17,543
Solvency
-306.7%▼
2022 · -302.8%
Current ratio
0.33▼
2022 · 0.38
Quick ratio
0.21▼
2022 · 0.26
Debt to equity
-1.33▲
2022 · -1.33
ROA
-32.0%▲
2022 · -57.8%
Interest coverage
-24.36▲
2022 · -80.64
Debt ≤ 1 year
€78,153▲
2022 · €71,859
Debt > 1 year
€81,440▲
2022 · €71,527
Staff costs
€110,488▲
2022 · €98,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,330 | - |
| Remuneration, social security and pensions62 | - | - | €72,214 | €98,282 | €110,488 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,405 | €3,666 | €5,018 | €3,034 | €2,724 | ▼ 10.2% |
| Other operating charges640/8 | - | - | €925 | €1,108 | €3,824 | ▲ 245% |
| Gross operating margin9900 | €146,096 | €109,150 | €119,034 | €81,871 | €104,860 | ▲ 28.1% |
| Operating profit (loss)9901 | -€22,896 | €33,858 | €40,877 | -€20,553 | -€12,176 | ▲ 40.8% |
| Financial income75/76B | - | - | €654 | €193 | €4 | ▼ 98.1% |
| Recurring financial income75 | €79 | €102 | €654 | €193 | €4 | ▼ 98.1% |
| Financial charges65/66B | - | - | €691 | €217 | €388 | ▲ 78.6% |
| Recurring financial charges65 | €1,633 | €2,298 | €691 | €217 | €388 | ▲ 78.6% |
| Profit (loss) for the period before taxes9903 | -€24,450 | €31,661 | €40,839 | -€20,577 | -€12,560 | ▲ 39.0% |
| Income taxes67/77 | €1 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€24,451 | €31,661 | €40,839 | -€20,577 | -€12,560 | ▲ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€24,451 | €31,661 | €40,839 | -€20,577 | -€12,560 | ▲ 39.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,679 | €29,989 | €52,786 | €35,597 | €39,244 | ▲ 10.2% |
| Fixed assets21/28 | €7,597 | €6,575 | €11,547 | €8,513 | €13,819 | ▲ 62.3% |
| Tangible fixed assets22/27 | €7,597 | €6,575 | €11,547 | €8,513 | €13,819 | ▲ 62.3% |
| Plant, machinery and equipment23 | - | - | €11,547 | €8,513 | €13,819 | ▲ 62.3% |
| Current assets29/58 | €24,082 | €23,414 | €41,238 | €27,083 | €25,424 | ▼ 6.1% |
| Stocks and contracts in progress3 | €8,695 | €7,638 | €7,852 | €8,559 | €8,905 | ▲ 4.0% |
| Stocks30/36 | - | - | €7,852 | €8,559 | €8,905 | ▲ 4.0% |
| Amounts receivable within one year40/41 | €6,585 | €6,190 | €5,045 | €1,954 | €2,010 | ▲ 2.9% |
| Trade receivables40 | - | - | €284 | €1,951 | €1,466 | ▼ 24.9% |
| Other amounts receivable41 | - | - | €4,762 | €3 | €544 | ▲ 20,059% |
| Cash at bank and in hand54/58 | €8,802 | €9,585 | €28,341 | €16,570 | €14,509 | ▼ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,679 | €29,989 | €52,786 | €35,597 | €39,244 | ▲ 10.2% |
| Equity10/15 | -€159,712 | -€128,051 | -€87,212 | -€107,789 | -€120,349 | ▼ 11.7% |
| Contributions10/11 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €60,394 | €60,394 | €60,394 | €60,394 | €60,394 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | - | - |
| Tax-exempt reserves132 | - | - | €3,875 | €3,875 | €3,875 | = |
| Distributable reserves133 | - | - | €54,660 | €54,660 | €56,519 | ▲ 3.4% |
| Profit (loss) carried forward14 | -€238,698 | -€207,037 | -€166,198 | -€186,775 | -€199,335 | ▼ 6.7% |
| Amounts payable17/49 | €191,391 | €158,040 | €139,997 | €143,386 | €159,593 | ▲ 11.3% |
| Amounts payable after more than one year17 | €69,425 | €77,765 | €72,578 | €71,527 | €81,440 | ▲ 13.9% |
| Financial debts170/4 | - | - | €1,313 | - | - | - |
| Other amounts payable178/9 | - | - | €71,265 | €71,527 | €81,440 | ▲ 13.9% |
| Amounts payable within one year42/48 | €121,966 | €80,275 | €67,419 | €71,859 | €78,153 | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | €7,552 | €1,313 | €6,609 | ▲ 403% |
| Financial debts43 | - | - | €2,432 | - | - | - |
| Credit institutions430/8 | - | - | €2,432 | - | - | - |
| Trade debts44 | €64,837 | €60,979 | €51,859 | €59,622 | €64,964 | ▲ 9.0% |
| Suppliers440/4 | - | - | €51,859 | €59,622 | €64,964 | ▲ 9.0% |
| Taxes, remuneration and social security45 | - | - | €1,852 | €6,170 | €4,011 | ▼ 35.0% |
| Taxes450/3 | - | - | - | €2,344 | - | - |
| Remuneration and social security454/9 | - | - | €1,852 | €3,826 | €4,011 | ▲ 4.8% |
| Other amounts payable47/48 | - | - | €3,724 | €4,754 | €2,568 | ▼ 46.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,451 | €31,661 | €40,839 | -€20,577 | -€12,560 | ▲ 39.0% |
| + Depreciation and write-downs630 | €4,405 | €3,666 | €5,018 | €3,034 | €2,724 | ▼ 10.2% |
| Operating cash flow (approximation) | -€20,047 | €35,328 | €45,857 | -€17,543 | -€9,836 | ▲ 43.9% |
| Investment in fixed assets (approximation) | - | -€2,645 | -€9,990 | €0 | -€8,030 | - |
| Change in cash | - | €783 | €18,755 | -€11,771 | -€2,061 | ▲ 82.5% |
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
2025
28-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · event 23-10-2025
2024
30-12
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 19-12-2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €40,839 ▲29%
Operating result €40,877, net result €40,839, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31,661
Net result €31,661 after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL KONING ALBERTLAAN 186,
3010 KESSEL-LO |
19-12-2024 → 23-10-2025 |
| Curator | TOM VAN DER
LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO- |
19-12-2024 → 23-10-2025 |
Structure & network
Owners and holdings
1 ownerChain of control
- DE PEER LEUVEN
- DE APPEL
Highest known parent: DE PEER LEUVEN. The sources do not say who stands above it.
Owners 1
- DE PEER LEUVENparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.