RED APPLE
ActiveSummary
RED APPLE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,675) and a net result of €10,296. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.55 in 2024; short-term debt: 129.2% and cash: 3.8% of total assets), and equity is negative.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-151%
Return on assets
60.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 5%
← 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 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
25 d late
2023
27 d late
2022
60 d late
2021
30 d late
2020
53 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€25,675▲ 28.6%
2024 · -€35,971
Total assets
€17,002▲ 15.6%
2024 · €14,709
Net result
€10,296▼ 58.2%
2024 · €24,633
Working capital
-€4,960▲ 58.7%
2024 · -€12,007
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€40,450▼ 123%€19,042€6,656▼ 65.0%€29,056▲ 337%€14,968▼ 48.5%
Net result-€42,706below the sector's middle half▼ 108%€12,972within the sector's middle half€3,669within the sector's middle half▼ 71.7%€24,633within the sector's middle half▲ 571%€10,296within the sector's middle half▼ 58.2%
Equity-€77,245below the sector's middle half▼ 124%-€64,274below the sector's middle half▲ 16.8%-€60,605below the sector's middle half▲ 5.7%-€35,971below the sector's middle half▲ 40.6%-€25,675below the sector's middle half▲ 28.6%
Total assets€47,208below the sector's middle half▲ 63.2%€11,385below the sector's middle half▼ 75.9%€18,391below the sector's middle half▲ 61.5%€14,709below the sector's middle half▼ 20.0%€17,002below the sector's middle half▲ 15.6%
Debt€124,453▲ 96.1%€75,659▼ 39.2%€78,996▲ 4.4%€50,681▼ 35.8%€42,677▼ 15.8%
Working capital-€54,552▼ 95.9%-€38,491▲ 29.4%-€35,593▲ 7.5%-€12,007▲ 66.3%-€4,960▲ 58.7%
Solvency-163.6%below the sector's middle half▼ 44.2pp-564.5%below the sector's middle half▼ 400.9pp-329.5%below the sector's middle half▲ 235.0pp-244.5%below the sector's middle half▲ 85.0pp-151.0%below the sector's middle half▲ 93.5pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Key figures and ratios
Current ratio
0.77▲
2024 · 0.55
Debt to equity
-1.66▼
2024 · -1.41
ROA
60.6%▼
2024 · 167.5%
Debt ≤ 1 year
€21,962▼
2024 · €26,716
Debt > 1 year
€15,195▼
2024 · €18,445
Income taxes
€1,849▲
2024 · €270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 3,639 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,148 | €862 | €390 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €7,350 | €3,500 | €3,500 | €2,786 | ▼ 20.4% |
| Other operating charges640/8 | €1,451 | €2,027 | €2,345 | €1,760 | €1,274 | ▼ 27.6% |
| Gross operating margin9900 | -€37,851 | €29,280 | €12,890 | €34,317 | €19,029 | ▼ 44.5% |
| Operating profit (loss)9901 | -€40,450 | €19,042 | €6,656 | €29,056 | €14,968 | ▼ 48.5% |
| Financial income75/76B | €3 | €4 | €28 | €3 | €3 | ▼ 20.0% |
| Recurring financial income75 | €3 | €4 | €28 | €3 | €3 | ▼ 20.0% |
| Financial charges65/66B | €1,886 | €5,869 | €2,804 | €4,157 | €2,826 | ▼ 32.0% |
| Recurring financial charges65 | €1,886 | €5,869 | €2,804 | €4,157 | €2,826 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | -€42,334 | €13,177 | €3,880 | €24,903 | €12,145 | ▼ 51.2% |
| Income taxes67/77 | €373 | €205 | €211 | €270 | €1,849 | ▲ 586% |
| Profit (loss) for the period9904 | -€42,706 | €12,972 | €3,669 | €24,633 | €10,296 | ▼ 58.2% |
| Profit (loss) for the period to be appropriated9905 | -€42,706 | €12,972 | €3,669 | €24,633 | €10,296 | ▼ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,208 | €11,385 | €18,391 | €14,709 | €17,002 | ▲ 15.6% |
| Fixed assets21/28 | €1,252 | €390 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1,252 | €390 | €0 | - | - | - |
| Furniture and vehicles24 | €1,252 | €390 | €0 | - | - | - |
| Current assets29/58 | €45,956 | €10,996 | €18,391 | €14,709 | €17,002 | ▲ 15.6% |
| Stocks and contracts in progress3 | €17,136 | €9,786 | €6,286 | €2,786 | €0 | ▼ 100% |
| Stocks30/36 | €17,136 | €9,786 | €6,286 | €2,786 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €17,688 | €11 | €8,317 | €9,834 | €14,818 | ▲ 50.7% |
| Trade receivables40 | €15,470 | €0 | €7,767 | €9,826 | €9,229 | ▼ 6.1% |
| Other amounts receivable41 | €2,218 | €11 | €550 | €7 | €5,589 | ▲ 77,527% |
| Cash at bank and in hand54/58 | €11,132 | €1,198 | €2,775 | €1,787 | €643 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | €0 | €0 | €1,014 | €303 | €1,541 | ▲ 408% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,208 | €11,385 | €18,391 | €14,709 | €17,002 | ▲ 15.6% |
| Equity10/15 | -€77,245 | -€64,274 | -€60,605 | -€35,971 | -€25,675 | ▲ 28.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€97,245 | -€84,274 | -€80,605 | -€55,971 | -€45,675 | ▲ 18.4% |
| Amounts payable17/49 | €124,453 | €75,659 | €78,996 | €50,681 | €42,677 | ▼ 15.8% |
| Amounts payable after more than one year17 | €23,945 | €23,945 | €21,195 | €18,445 | €15,195 | ▼ 17.6% |
| Financial debts170/4 | €23,945 | €23,945 | €21,195 | €18,445 | €15,195 | ▼ 17.6% |
| Amounts payable within one year42/48 | €100,508 | €49,487 | €53,984 | €26,716 | €21,962 | ▼ 17.8% |
| Financial debts43 | €2,167 | €1,706 | €1,575 | €1,003 | €906 | ▼ 9.6% |
| Credit institutions430/8 | €2,167 | €1,706 | €1,575 | €1,003 | €906 | ▼ 9.6% |
| Trade debts44 | €10,768 | €6,997 | €16,020 | €7,398 | €9,101 | ▲ 23.0% |
| Suppliers440/4 | €10,768 | €6,997 | €16,020 | €7,398 | €9,101 | ▲ 23.0% |
| Advances received on contracts in progress46 | - | - | - | - | €5,135 | - |
| Taxes, remuneration and social security45 | €7,400 | €5,415 | €3,324 | €7,221 | €6,820 | ▼ 5.6% |
| Taxes450/3 | €7,400 | €5,415 | €3,324 | €7,221 | €6,820 | ▼ 5.6% |
| Other amounts payable47/48 | €80,173 | €35,369 | €33,065 | €11,094 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €2,227 | €3,816 | €5,519 | €5,519 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,706 | €12,972 | €3,669 | €24,633 | €10,296 | ▼ 58.2% |
| + Depreciation and write-downs630 | €1,148 | €862 | €390 | €0 | - | - |
| Operating cash flow (approximation) | -€41,558 | €13,834 | €4,059 | €24,633 | €10,296 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€9,934 | €1,576 | -€988 | -€1,144 | ▼ 15.8% |
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
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €24,633 ▲571%
Operating result €29,056, net result €24,633, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €12,972
Net result €12,972 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€42,706
Net result drops to -€42,706, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 171 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lier · 1 establishment unit since 2010
Ground area
1,605 m²
Building footprint
284 m²
Volume, LiDAR
1,018 m³
Parcel 12392B0178/00V000, Flanders · tallest building 14.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELI MENTEN DECORATIONS
since 20102.190.449.050
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392B0178/00V000 | Flanders | 1,605 m² | 1 · 284 m² | 14.5 m · 1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
47551Retail sale of household furniture
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827430289
Also
9925:BE0827430289
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.