APPCO
ActiveSummary
APPCO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-61
Solvency56▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.41 in 2024; short-term debt: 69.5% and cash: 1% of total assets), and 69.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
22 d early
2023
13 d early
2022
14 d early
2021
18 d early
2020
19 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 2.3%
2024 · €55k
2019: €25k
2020: €26k
2021: €-7k
2022: €-12k
2023: €-10k
2024: €55k
2019 → 2025
Total assets
€185k▼ 2.4%
2024 · €190k
2019: €259k
2020: €212k
2021: €232k
2022: €240k
2023: €222k
2024: €190k
2019 → 2025
Net result
€1k▼ 98.1%
2024 · €65k
2019: €8k
2020: €904
2021: €-33k
2022: €-5k
2023: €2k
2024: €65k
2019 → 2025
Working capital
€57k▲ 2.3%
2024 · €55k
2019: €-61k
2020: €-73k
2021: €-128k
2022: €-138k
2023: €-142k
2024: €55k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€-12k▼ 81.3%€-10k▲ 15.3%€55k€57k▲ 2.3%
Operating result€-28k-€-867▲ 96.9%€6k€73k▲ 1,164%€711▼ 99.0%
Net result€-33k-€-5k▲ 83.7%€2k€65k▲ 3,480%€1k▼ 98.1%
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 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €185k
Equity
€57k ▲ 2.3%
Debt
€129k ▼ 4.3%
Debt's share of the balance-sheet total falls from 70.9% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.44▲
2024 · 1.41
Debt to equity
2.28▼
2024 · 2.43
ROE
2.2%▼
2024 · 118.4%
ROA
0.7%▼
2024 · 34.5%
Debt ≤ 1 year
€129k▼
2024 · €135k
Income taxes
€316▼
2024 · €6k
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€190k€185k▼
Current assets29/58€190k€185k▼
Amounts receivable within one year40/41€3k€279▼
Trade receivables40€3k€207▼
Other amounts receivable41-€72
Current investments50/53€184k€183k▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€190k€185k▼
Equity10/15€55k€57k▲
Contributions10/11€28k€28k=
Profit (loss) carried forward14€27k€29k▲
Amounts payable17/49€135k€129k▼
Amounts payable within one year42/48€135k€129k▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€7k€594▼
Taxes450/3€7k€594▼
Other amounts payable47/48€125k€124k▼
Income statement
Code20242025
Non-recurring operating income76A€111-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8-
Other operating charges640/8€138k€686▼
Non-recurring operating charges66A€152k-
Gross operating margin9900€364k€1k▼
Operating profit (loss)9901€73k€711▼
Financial income75/76B€225€1k▲
Recurring financial income75€225€1k▲
Financial charges65/66B€2k€426▼
Recurring financial charges65€2k€426▼
Profit (loss) for the period before taxes9903€72k€2k▼
Income taxes67/77€6k€316▼
Profit (loss) for the period9904€65k€1k▼
Profit (loss) for the period to be appropriated9905€65k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€29k▲
Profit (loss) brought forward from the previous period14P€-38k€27k▲
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €65k ▲3480%
Operating result €73k, net result €65k, both a record.
30-06
Financial
Liquidity times 19current ratio 1.41
Current ratio from 0.08 to 1.41; short-term debt falls from €153k to €135k.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-33k ▼3739%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
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, Gent · 1 establishment unit since 1994
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.
Zwijnaardsesteenweg 6429000 GentGround area
129 m²
Building footprint
179 m²
Volume, LiDAR
1,446 m³
Parcel 44808H0687/00B002, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
APPCO
since 19942.065.223.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0687/00B002 | Flanders | 129 m² | 1 · 179 m² | 9.8 m · 3 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.
Similar companies · same sector, comparable size
ASHIFY
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Pacidi
BE 1023.618.630
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Casaga
BE 1002.695.928
Kruisem · Eq €56,505
CASTLECORE
BE 0627.806.071
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 6,994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-1994
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.