Apache Management
ActiveSummary
Apache Management has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.72M and a net result of €34k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-3
Solvency73▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380k at 30 days only on tighter terms
Liquidity tight (current ratio 1.47 against 1.51 in 2023; short-term debt: 46.8% and cash: 0% of total assets), and 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.6%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-12-2025, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
145 d late
2023
89 d late
2022
92 d late
2021
184 d late
2020
61 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€6.72M▲ 0.5%
2023 · €6.68M
2018: €1.20M
2019: €1.07M▼ -11.2% vs 2018
2020: €1.07M● -0.0% vs 2019lowest in 7 years
2021: €4.06M▲ +280% vs 2020
2022: €6.60M▲ +62.5% vs 2021
2023: €6.68M▲ +1.3% vs 2022
2024: €6.72M▲ +0.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€14.10M▲ 2.7%
2023 · €13.73M
2018: €6.15M
2019: €5.14M▼ -16.5% vs 2018lowest in 7 years
2020: €6.35M▲ +23.6% vs 2019
2021: €12.99M▲ +105% vs 2020
2022: €12.78M▼ -1.6% vs 2021
2023: €13.73M▲ +7.4% vs 2022
2024: €14.10M▲ +2.7% vs 2023highest in 7 years
2018 → 2024
Net result
€34k▼ 58.8%
2023 · €83k
2018: €-53k
2019: €-134k▼ -156% vs 2018lowest in 7 years
2020: €-212▲ +99.8% vs 2019
2021: €2.99M▲ +1414432% vs 2020highest in 7 years
2022: €2.54M▼ -15.2% vs 2021
2023: €83k▼ -96.7% vs 2022
2024: €34k▼ -58.8% vs 2023
2018 → 2024
Working capital
€3.10M▼ 1.1%
2023 · €3.14M
2018: €-955k
2019: €-919k▲ +3.8% vs 2018
2020: €-2.28M▼ -148% vs 2019lowest in 7 years
2021: €615k▲ +127% vs 2020
2022: €3.07M▲ +399% vs 2021
2023: €3.14M▲ +2.0% vs 2022highest in 7 years
2024: €3.10M▼ -1.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.07M-€4.06M▲ 280%€6.60M▲ 62.5%€6.68M▲ 1.3%€6.72M▲ 0.5%
2020: €1.07Mlowest in 5 years
2021: €4.06M▲ +280% vs 2020
2022: €6.60M▲ +62.5% vs 2021
2023: €6.68M▲ +1.3% vs 2022
2024: €6.72M▲ +0.5% vs 2023highest in 5 years
Operating result€187k-€228k▲ 21.4%€6k▼ 97.5%€-36k€-92k▼ 153%
2020: €187k
2021: €228k▲ +21.4% vs 2020highest in 5 years
2022: €6k▼ -97.5% vs 2021
2023: €-36k▼ -730% vs 2022
2024: €-92k▼ -153% vs 2023lowest in 5 years
Net result€-212-€2.99M€2.54M▼ 15.2%€83k▼ 96.7%€34k▼ 58.8%
2020: €-212lowest in 5 years
2021: €2.99M▲ +1414432% vs 2020highest in 5 years
2022: €2.54M▼ -15.2% vs 2021
2023: €83k▼ -96.7% vs 2022
2024: €34k▼ -58.8% vs 2023
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 €92k in 2024 against €36k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.10M
Fixed assets
€4.40M ▼ 0.9%
Current assets
€9.70M ▲ 4.4%
Equity and liabilities €14.10M
Equity
€6.72M ▲ 0.5%
Debt
€7.39M ▲ 4.8%
Debt's share of the balance-sheet total rises from 51.3% to 52.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-28k▼
2023 · €40k
Cash flow
€98k▼
2023 · €159k
Current ratio
1.47▼
2023 · 1.51
Debt to equity
1.10▲
2023 · 1.05
ROE
0.5%▼
2023 · 1.2%
ROA
0.2%▼
2023 · 0.6%
Interest coverage
-0.15▼
2023 · 0.25
Debt ≤ 1 year
€6.60M▲
2023 · €6.15M
Debt > 1 year
€676k▼
2023 · €782k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13.73M€14.10M▲
Fixed assets21/28€4.44M€4.40M▼
Tangible fixed assets22/27€1.75M€1.71M▼
Land and buildings22€1.75M€1.69M▼
Plant, machinery and equipment23€765€510▼
Furniture and vehicles24€6k€23k▲
Financial fixed assets28€2.69M€2.69M▲
Current assets29/58€9.29M€9.70M▲
Amounts receivable within one year40/41€9.20M€9.66M▲
Trade receivables40€82k€66k▼
Other amounts receivable41€9.12M€9.59M▲
Cash at bank and in hand54/58€43k€9▼
Deferred charges and accrued income490/1€41k€41k=
Equity and liabilities
Total equity and liabilities10/49€13.73M€14.10M▲
Equity10/15€6.68M€6.72M▲
Contributions10/11€1.04M€1.04M=
Capital10€1.04M€1.04M=
Issued capital100€1.04M€1.04M=
Reserves13€189k€189k=
Non-distributable reserves130/1€104k€104k=
Legal reserve130€104k€104k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€5.46M€5.49M▲
Amounts payable17/49€7.05M€7.39M▲
Amounts payable after more than one year17€782k€676k▼
Financial debts170/4€782k€676k▼
Amounts payable within one year42/48€6.15M€6.60M▲
Current portion of amounts payable after more than one year42€91k€100k▲
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€137k€153k▲
Suppliers440/4€137k€153k▲
Taxes, remuneration and social security45€11k-
Taxes450/3€11k-
Other amounts payable47/48€5.92M€6.33M▲
Accrued charges and deferred income492/3€113k€113k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€64k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€45k€-25k▼
Operating profit (loss)9901€-36k€-92k▼
Financial income75/76B€281k€309k▲
Recurring financial income75€281k€309k▲
Financial charges65/66B€162k€183k▲
Recurring financial charges65€162k€183k▲
Profit (loss) for the period before taxes9903€83k€34k▼
Profit (loss) for the period9904€83k€34k▼
Profit (loss) for the period to be appropriated9905€83k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.54M€5.49M▼
Profit (loss) brought forward from the previous period14P€5.46M€5.46M=
Transfer to equity691/2€83k-
To other reserves6921€83k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €227k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €77k | €79k | €76k | €64k | ▼ 16.7% |
| Other operating charges640/8 | - | €2k | €990 | €4k | €4k | ▼ 19.1% |
| Gross operating margin9900 | €211k | €307k | €86k | €45k | €-25k | ▼ 155% |
| Operating profit (loss)9901 | €187k | €228k | €6k | €-36k | €-92k | ▼ 153% |
| Financial income75/76B | - | €3.02M | €2.71M | €281k | €309k | ▲ 10.1% |
| Recurring financial income75 | €7k | €2.56M | €2.71M | €281k | €309k | ▲ 10.1% |
| Non-recurring financial income76B | - | €455k | - | - | - | - |
| Financial charges65/66B | - | €254k | €178k | €162k | €183k | ▲ 13.3% |
| Recurring financial charges65 | €195k | €254k | €178k | €162k | €183k | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €-212 | €2.99M | €2.54M | €83k | €34k | ▼ 58.8% |
| Profit (loss) for the period9904 | €-212 | €2.99M | €2.54M | €83k | €34k | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €-212 | €2.99M | €2.54M | €83k | €34k | ▼ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.35M | €12.99M | €12.78M | €13.73M | €14.10M | ▲ 2.7% |
| Fixed assets21/28 | €4.50M | €4.42M | €4.54M | €4.44M | €4.40M | ▼ 0.9% |
| Tangible fixed assets22/27 | €1.80M | €1.89M | €1.83M | €1.75M | €1.71M | ▼ 2.4% |
| Land and buildings22 | - | €1.89M | €1.82M | €1.75M | €1.69M | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €1k | €1k | €765 | €510 | ▼ 33.3% |
| Furniture and vehicles24 | - | €1k | €6k | €6k | €23k | ▲ 319% |
| Financial fixed assets28 | €2.71M | €2.53M | €2.70M | €2.69M | €2.69M | ▲ 0.1% |
| Current assets29/58 | €1.84M | €8.57M | €8.25M | €9.29M | €9.70M | ▲ 4.4% |
| Amounts receivable within one year40/41 | €1.34M | €8.52M | €8.21M | €9.20M | €9.66M | ▲ 4.9% |
| Trade receivables40 | - | €214k | €100k | €82k | €66k | ▼ 19.2% |
| Other amounts receivable41 | - | €8.30M | €8.11M | €9.12M | €9.59M | ▲ 5.1% |
| Cash at bank and in hand54/58 | €459k | €10k | €47 | €43k | €9 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | €41k | €41k | €41k | €41k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.35M | €12.99M | €12.78M | €13.73M | €14.10M | ▲ 2.7% |
| Equity10/15 | €1.07M | €4.06M | €6.60M | €6.68M | €6.72M | ▲ 0.5% |
| Contributions10/11 | €1.04M | €1.04M | €1.04M | €1.04M | €1.04M | = |
| Capital10 | - | €1.04M | €1.04M | €1.04M | €1.04M | = |
| Issued capital100 | - | €1.04M | €1.04M | €1.04M | €1.04M | = |
| Reserves13 | €22k | €106k | €106k | €189k | €189k | = |
| Non-distributable reserves130/1 | - | €104k | €104k | €104k | €104k | = |
| Legal reserve130 | - | €104k | €104k | €104k | €104k | = |
| Distributable reserves133 | - | €2k | €2k | €85k | €85k | = |
| Profit (loss) carried forward14 | €11k | €2.92M | €5.46M | €5.46M | €5.49M | ▲ 0.6% |
| Amounts payable17/49 | €5.28M | €8.93M | €6.18M | €7.05M | €7.39M | ▲ 4.8% |
| Amounts payable after more than one year17 | €1.04M | €865k | €897k | €782k | €676k | ▼ 13.5% |
| Financial debts170/4 | - | €865k | €897k | €782k | €676k | ▼ 13.5% |
| Amounts payable within one year42/48 | €4.13M | €7.95M | €5.17M | €6.15M | €6.60M | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €102k | - | €91k | €100k | ▲ 9.4% |
| Financial debts43 | - | - | €2k | - | €12k | - |
| Credit institutions430/8 | - | - | €2k | - | €12k | - |
| Trade debts44 | €165k | €158k | €130k | €137k | €153k | ▲ 11.7% |
| Suppliers440/4 | - | €158k | €130k | €137k | €153k | ▲ 11.7% |
| Taxes, remuneration and social security45 | - | €429 | €12k | €11k | - | - |
| Taxes450/3 | - | €429 | €12k | €11k | - | - |
| Other amounts payable47/48 | - | €7.69M | €5.03M | €5.92M | €6.33M | ▲ 7.1% |
| Accrued charges and deferred income492/3 | - | €113k | €113k | €113k | €113k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-212 | €2.99M | €2.54M | €83k | €34k | ▼ 58.8% |
| + Depreciation and write-downs630 | €20k | €77k | €79k | €76k | €64k | ▼ 16.7% |
| Operating cash flow (approximation) | €20k | €3.07M | €2.62M | €159k | €98k | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €3k | €-191k | €18k | €-26k | ▼ 246% |
| Change in cash | - | €-449k | €-10k | €43k | €-43k | ▼ 200% |
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
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 145 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 89 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 184 days late
2022
31-12
Financial
Equity above €5MEq €6.60M ▲62.5%
2 profitable years in a row build equity to €6.60M.
2021
31-12
Financial
Back to profitnet €2.99M
Net result €2.99M after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.45 to 1.08.
31-12
Financial
Equity above €2MEq €4.06M ▲280%
Equity rises from €1.07M to €4.06M.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
Show earlier events
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 91 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Gent · 1 establishment unit since 2000
Ground area
612 m²
Building footprint
436 m²
Volume, LiDAR
48 m³
Parcel 44807G0760/04M000, Flanders · tallest building 2.2 m. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Kompasplein 20, 9000 Gent
since 20002.115.944.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0760/04M000 | Flanders | 612 m² | 1 · 436 m² | 2.2 m |
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.
Similar companies · same sector, comparable size
[Partners Through Innovation]²
BE 0685.928.669
Sint-Joost-ten-Node · Eq €6,730,584
CONNECTIFY
BE 0700.317.531
Beernem · Eq €6,671,144
CDS SOFTWARE
BE 0875.793.697
Brecht · Eq €6,799,051
GARTNER BELGIUM
BE 0467.335.013
Zaventem · Eq €6,801,965
HSBCAD
BE 0475.468.363
Gent · Eq €6,836,967
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 1,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-05-2000
Fiscal year end31-12
Abbreviation NL
KALVAAR
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.