Losses
-€31,185 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
THE APPLI TREE
Lifetime
14 annual accounts with figures on one time axispeak €19,705 (2013)
-€7,120▼ €2,070
lowest -€21,793 (2019)
-€14,977▼ €7,852
peak €40,178 (2016)
€8,619▼ 63.5%
€4,851▼ 59.7%
Board1 name since 2021
1 directorCERNEELS Bart
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Gross margin from -€5,051 to -€7,120Loss of €14,977Equity from €23,596 to €8,619Debts from €12,035 to €4,851Cash from €8,681 to €1,278
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
Two of the last ten came late. The 2023 accounts came latest: 7 days after the end of the period.
Position in the sector
-€14,977
Lower net result than 91% of companies in computer programming and consultancy. Sector median €28,568 · 21,223 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 23% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €14,977, the second in a row (financial year 2025)
lowers risk
Size: total assets €13,470
Sector: Computer programming, consultancy and related activities (NACE 62)
Figures for financial year 2025 (filed on 10-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 56% of them on solvency, 21% on liquidity, 5% on profitability and 11% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as THE APPLI TREE has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of THE APPLI TREE itself is lower: 0.1% within 12 months. It rests on far more data about THE APPLI TREE than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for THE APPLI TREE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit 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 is ample, with a current ratio of 2.64 (2.86 in 2024), above the usual 1.5. Short-term debt is 36% and cash 9.5% of total assets. 36% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€14,977
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
16 days early
2023
7 days late
2022
33 days early
2021
33 days early
2020
1 day early
2019
4 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846018162
Change of role: CERNEELS Bart, from manager to director
Director discharge: CERNEELS Bart · Gazette deed
Incorporation
published on 30-05-2012 · Gazette deed
First establishment
Thewitstraat 17, Gingelom
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THE APPLI TREE Gingelom | €13,470 | -€7,120 | 64.0% | - |
| Design & Risk Management Lommel | €13,749 | -€2,244 | 84.3% | - |
| WSD GROUP Pelt | €14,056 | -€11,435 | 37.2% | - |
| Wildflowersoft Heusden-Zolder | €11,978 | -€186 | 80.4% | - |
| LACONCIERGERIE Brussels | €13,022 | €164 | 95.7% | - |
| CreativAgency Waterloo | €14,347 | €704 | -37.8% | - |
| Juicebox Antwerp | €13,362 | -€2,925 | 36.6% | - |
These companies have the same main activity as THE APPLI TREE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €12,000 and €14,300, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 18-05-2012Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.209.958.7203891 Gingelom, since 14-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Annual accounts 2025
- €13,470▼ 62.2%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on THE APPLI TREE
THE APPLI TREE files the micro format. That format states no turnover. The gross margin fell from €11,734 in 2012 to -€7,120 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THE APPLI TREE
- What is the company number of THE APPLI TREE?
- The company number of THE APPLI TREE is 0846.018.162. The VAT number is the same number with BE in front: BE 0846.018.162.
- Where is THE APPLI TREE based?
- The registered office is at Kriekelstraat 12C, 3890 Gingelom.Company details
- What does THE APPLI TREE do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of THE APPLI TREE?
- THE APPLI TREE is a private limited company (BV).
- When was THE APPLI TREE founded?
- THE APPLI TREE was founded on 18-05-2012.
- Is THE APPLI TREE still active?
- Yes, THE APPLI TREE is an active enterprise in the KBO register.
- What is the turnover of THE APPLI TREE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is THE APPLI TREE profitable?
- In financial year 2025, THE APPLI TREE made a loss of €14,977.
- Where can I find the annual accounts of THE APPLI TREE?
- THE APPLI TREE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THE APPLI TREE due?
- THE APPLI TREE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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