Skip to content

APACHE BELGIUM

Active
Public limited company· 23 yrs active
Louizalaan 85 ·1050 Brussel, Belgium
KBO/BCE: BE 0478.179.514
Watch Print / PDF
Age23 yrs
Board4
Real estate1 parcel · 223 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of APACHE BELGIUM is 1.2% (low). The 2024 annual accounts show equity of €1.59M and a net result of €28k. Equity is growing by ~3.6% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 19-09-2025 50 d late 2025-00495373
31-12-2023 31-07-2024 07-10-2024 68 d late 2024-00501823
31-12-2022 31-07-2023 29-09-2023 60 d late 2023-00471340
31-12-2021 31-07-2022 01-07-2022 30 d early 2022-20139187
31-12-2020 31-07-2021 24-08-2021 24 d late 2021-52300158
31-12-2019 31-07-2020 24-08-2020 24 d late 2020-43300105
31-12-2018 31-07-2019 20-05-2019 72 d early 2019-13300111
31-12-2017 31-07-2018 09-07-2018 22 d early 2018-29800149
31-12-2016 31-07-2017 31-05-2017 61 d early 2017-13400274
31-12-2015 31-07-2016 25-05-2016 67 d early 2016-12900029

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 2002, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.2% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€28k-65.1%
Working capital€1.04M+3.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 19-09-2025 with the NBB · fiscal year 2024 · verkort
€-200k€0€200k€400k€600kOperating result 2020: €60k€60kNet result 2020: €-183k€-183kOperating result 2021: €236k€236kNet result 2021: €57k€57kOperating result 2022: €608k€608kNet result 2022: €503k€503kOperating result 2023: €153k€153kNet result 2023: €80k€80kOperating result 2024: €48k€48kNet result 2024: €28k€28k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-1.00M€0€1.00M€2.00M2025: €1.64M (€1.51M - €1.77M)2026: €1.69M (€1.55M - €1.84M)2027: €1.75M (€1.55M - €1.95M)2018: €-127k2019: €1.79M2020: €1.42M2021: €1.25M2022: €1.48M2023: €1.56M2024: €1.59M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€233k
-32.4% 18-24
Net profit
€28k
-65.1% 18-24
Cash flow
€214k
-21.4% 18-24
Total assets
€4.67M
+0.8% 18-24
Equity
€1.59M
+1.8% 18-24
Working capital
€1.04M
+3.3% 18-24
Employees (FTE)
0
- 18-24
Income taxes
€0
-100.0% 18-24
Debt
€2.87M
+0.3% 18-24
Debt ≤ 1y
€241k
+1.3% 18-24
Debt > 1y
€2.51M
-4.0% 18-24
Current ratio
5.34
+1.6% 18-24
Quick ratio
5.34
+1.6% 18-24
Solvency
33.9%
+1.0% 18-24
Debt / equity
1.81
-1.4% 18-24
ROE
1.8%
-65.7% 18-24
ROA
0.6%
-65.4% 18-24
Interest coverage
3.53
-25.6% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€233k
Net profit€28k
Cash flow€214k
Staff costs-
Income taxes-
Dividends-
Total assets€4.67M
Equity€1.59M
Debt€2.87M
of which ≤ 1y€241k
of which > 1y€2.51M
Working capital€1.04M
Employees (FTE)-
Ratios (computed)
2024
Current ratio5.34
Quick ratio5.34
Working capital ratio22.4%
Solvency33.9%
Debt / equity1.81
Long-term debt ratio1.58
Interest coverage3.53
Gross margin-
Net margin-
ROA0.6%
ROE1.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4.67M
Fixed assets 21/28€3.39M
Tangible fixed assets 22/27€3.09M
Financial fixed assets 28€300k
Current assets 29/58€1.29M
Amounts receivable within one year 40/41€188k
Cash & bank 54/58€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.67M
Equity 10/15€1.59M
Contributions / capital 10/11€62k
Reserves 13€665k
Accumulated profits (losses) 14€-180k
Provisions & deferred taxes 16€222k
Amounts payable 17/49€2.87M
Amounts payable after one year 17€2.51M
Amounts payable within one year 42/48€241k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€273k
Operating result 9901€48k
Financial income 75€44k
Financial charges 65€66k
Result before taxes 9903€26k
Net result for the period 9904€28k
Result to be appropriated 9905€34k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
79 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

7 directors
Current directors & mandates
  • Giovanni Mazzei
    Director
    State Gazette act 22017324 (08-02-2022)
    Current
    01-01-2022 → present
  • Mariusz Poplawski
    Director
    State Gazette act 20152682 (23-12-2020)
    Current
    01-09-2014 → present
    2 events
    • 01-12-2020 Appointed· Director
    • 01-09-2014 Appointed· Director
  • Nolf Francis
    Director
    State Gazette act 20152682 (23-12-2020)
    Current
    05-01-2012 → present
    4 events
    • 01-12-2020 Mandate renewed· Director
    • 01-12-2020 Appointed· Managing director
    • 01-08-2017 Mandate renewed· Director
    • 05-01-2012 Mandate renewed· Director
  • van der Linden Dirk
    Director
    State Gazette act 20152682 (23-12-2020)
    Current
    22-06-2010 → present
    7 events
    • 01-12-2020 Mandate renewed· Director
    • 01-12-2020 Appointed· Managing director
    • 01-08-2017 Mandate renewed· Director
    • 01-08-2017 Appointed· Managing director
    • 01-09-2014 Appointed· Managing director
    • 05-01-2012 Mandate renewed· Director
    • 22-06-2010 Mandate renewed· Managing director
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • van der Linden Adrianus
    Director
    State Gazette act 17123145 (25-08-2017)
    Not recently confirmed
    last confirmed in an act from 2017
    2 events
    • 01-08-2017 Mandate renewed· Director
    • 05-01-2012 Mandate renewed· Director
  • van der Linden Adrianus Arie
    Director
    State Gazette act 11175888 (23-11-2011)
    Not recently confirmed
    last confirmed in an act from 2011
Former directors (1)
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Public limited company(014)
Incorporation19-08-2002
StatusActive
Postal code1050

Structure & network

Locations & real estate

Establishment units

1 location
Louizalaan 85, 1050 Elsene
Handel in onroerend goed
since 20022.114.215.463
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area223 m²
Buildings1
Building footprint264 m²
Volume (LiDAR)6,327 m³
Tallest building35.8 m · ±10 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0022/00Z000 Brussels 223 m² 1 · 263 m² 35.8 m · 10 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts
Capital history · 1
27-01-2012
v3.2
All acts · 8 updated 2 months ago
2026
08-06-2026 General meeting · Officer appointment · Act object Open-capture extraction
  • Filing: 2026-06-01 · Apache Belgium
  • General meeting: 2026-05-21 · Apache Belgium
  • Officer appointment: role: bestuurder, start_date: 2026-04-01 · Inga Skirgailienè
  • Officer appointment: role: bestuurder, start_date: 2026-04-01 · Abrahan Abad Nunez
  • Publication: 2026-06-08 · Apache Belgium
  • Act object: Benoeming bestuurders
Summary: General meeting · Officer appointment · Act object
2022
08-02-2022 Giovanni Mazzei appointed as director Director changes
  • Giovanni Mazzei, Bestuurder
Summary: v3.2
2020
23-12-2020 3 directors appointed, 2 reappointed Director changes
  • Mariusz Poplawski, Bestuurder
  • van der Linden Dirk, Gedelegeerd bestuurder
  • Nolf Francis, Gedelegeerd bestuurder
  • Nolf Francis, Bestuurder
  • van der Linden Dirk, Bestuurder
Summary: v3.2
2018
18-05-2018 Ben El Mostapha Abdeslem resigns as director Director changes
  • Ben El Mostapha Abdeslem, Bestuurder
Summary: v3.2
2017
25-08-2017 1 director appointed, 3 reappointed Director changes
  • van der Linden Dirk, Gedelegeerd bestuurder
  • van der Linden Dirk, Bestuurder
  • van der Linden Adrianus, Bestuurder
  • Nolf Francis, Bestuurder
Summary: v3.2
2014
13-11-2014 2 directors appointed Director changes
  • Poplawski Mariusz, Bestuurder
  • van der Linden Dirk, Gedelegeerd bestuurder
Summary: v3.2
2012
27-01-2012 Transaction in capital or shares Capital & shares
Summary: v3.2
2011
23-11-2011 2 reappointed Director changes
  • van der Linden Adrianus Arie, Bestuurder
  • van der Linden Dirk, Gedelegeerd bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health79Profitability9Solvency77Growth78Stability100
69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 79
Profitability 9
Solvency 77
Growth 78
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL APACHE BELGIUM
Registered office
Louizalaan 85
1050 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.