APOTHEA
ActiveAPOTHEA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €400k and a net result of €13k. Equity remains stable across the filed fiscal years (±2.5% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 34.31 against 12.17 in 2024; short-term debt: 0.6% and cash: 19.6% of total assets), and 0.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
99.4%
Return on assets
3.1%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 d early
2023
34 d early
2022
35 d early
2021
45 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€400k▲ 3.3%
2024 · €387k
2018: €346k
2019: €343k
2020: €350k
2021: €362k
2022: €372k
2023: €377k
2024: €387k
2018 → 2025
Total assets
€403k▲ 2.3%
2024 · €394k
2018: €515k
2019: €451k
2020: €355k
2021: €367k
2022: €374k
2023: €382k
2024: €394k
2018 → 2025
Net result
€13k▲ 16.3%
2024 · €11k
2018: €-208
2019: €-3k
2020: €7k
2021: €12k
2022: €10k
2023: €5k
2024: €11k
2018 → 2025
Working capital
€83k▲ 21.6%
2024 · €68k
2018: €130k
2019: €83k
2020: €29k
2021: €41k
2022: €51k
2023: €57k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€372k▲ 2.7%€377k▲ 1.3%€387k▲ 2.9%€400k▲ 3.3%
Operating result€13k-€15k▲ 9.2%€9k▼ 41.6%€17k▲ 94.6%€20k▲ 23.1%
Net result€12k-€10k▼ 17.6%€5k▼ 51.0%€11k▲ 123%€13k▲ 16.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €403k
Fixed assets
€317k▼ 0.6%
Current assets
€86k▲ 15.0%
Equity and liabilities €403k
Equity
€400k▲ 3.3%
Debt
€3k▼ 58.0%
The debt ratio falls from 1.6% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €19k
Cash flow
€15k▲
2024 · €13k
Solvency
99.4%▲
2024 · 98.4%
Current ratio
34.31▲
2024 · 12.17
Quick ratio
34.31▲
2024 · 12.17
Debt / equity
0.01▼
2024 · 0.02
ROE
3.2%▲
2024 · 2.8%
ROA
3.1%▲
2024 · 2.8%
Interest coverage
397.35▼
2024 · 399.80
Debt
€3k▼
2024 · €6k
Debt ≤ 1 year
€2k▼
2024 · €6k
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€394k€403k▲
Fixed assets21/28€319k€317k▼
Tangible fixed assets22/27€319k€317k▼
Land and buildings22€311k€311k=
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€74k€86k▲
Cash at bank and in hand54/58€68k€79k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€394k€403k▲
Equity10/15€387k€400k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€325k€338k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€319k€332k▲
Amounts payable17/49€6k€3k▼
Amounts payable within one year42/48€6k€2k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3-€73
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€513€528▲
Gross operating margin9900€19k€23k▲
Operating profit (loss)9901€17k€20k▲
Financial income75/76B€2k€967▼
Recurring financial income75€2k€967▼
Financial charges65/66B€47€57▲
Recurring financial charges65€47€57▲
Profit (loss) for the period before taxes9903€18k€21k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€11k€13k▲
Profit (loss) for the period to be appropriated9905€11k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€13k▲
Transfer to equity691/2€11k€13k▲
To other reserves6921€11k€13k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €13k ▲16.3%
Operating result €20k, net result €13k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 34.31
Current ratio from 12.17 to 34.31; short-term debt falls from €6k to €2k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 24.80
Current ratio from 9.69 to 24.80; short-term debt falls from €5k to €2k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 6.25
Current ratio from 2.79 to 6.25; short-term debt falls from €46k to €6k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oostende · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gistelsesteenweg 3838400 OostendeGround area
1,002 m²
Building footprint
197 m²
Volume, LiDAR
964 m³
Parcel 35020B0068/00M000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APOTHEA
since 19952.071.969.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0068/00M000 | Flanders | 1,002 m² | 1 · 197 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-03-1995
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.