APPMAX · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of APPMAX is 0.2% (very low). The 2025 annual accounts show equity of €439k and a net result of €163k. Equity is growing by ~59.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 176 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity 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

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-03. 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 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	30-10-2025	1 d early	2025-00553987
31-03-2024	31-10-2024	31-10-2024	on the day	2024-00521893
31-03-2023	31-10-2023	31-10-2023	on the day	2023-00498320
31-03-2022	31-10-2022	28-10-2022	3 d early	2022-20475155
31-03-2021	31-10-2021	03-11-2021	3 d late	2021-75700250
31-03-2020	31-10-2020	03-11-2020	3 d late	2020-67900222
31-03-2019	31-10-2019	18-11-2019	18 d late	2019-73900040
31-03-2018	31-10-2018	29-10-2018	2 d early	2018-70400552
31-03-2017	31-10-2017	31-10-2017	on the day	2017-68700160
31-03-2016	31-10-2016	27-10-2016	4 d early	2016-66400117

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

Established

Founded in 2012, 14 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

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −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€163k+53.9%

Working capital€595k+51.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-10-2025 with the NBB · fiscal year 2025 · verkort

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 ~59.3%/year over 7 fiscal years, indicative, assuming unchanged policy.

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).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.3%	36.7%	better than 52% of 176 sector peers
Net result	€163k	€28k	better than 85% of 176 sector peers
Equity	€439k	€99k	better than 76% of 176 sector peers
Gross operating margin	€591k	€86k	better than 80% of 176 sector peers
Staff costs	€328k	€328k	higher than 50% of 85 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P52

Improving position over 2020-2025 · n=143-561

Net result P85

Improving position over 2020-2025 · n=143-561

Equity P76

Improving position over 2020-2025 · n=143-561

Gross operating margin P80

Improving position over 2020-2025 · n=143-560

Describes the position versus peers, not a forecast.

EBITDA

€261k

+50.8% 19-25

Net profit

€163k

+53.9% 19-25

Cash flow

€189k

+44.8% 19-25

Total assets

€1.15M

+43.2% 19-25

Equity

€439k

+59.3% 19-25

Working capital

€595k

+51.9% 19-25

Employees (FTE)

7

-8.5% 19-25

Staff costs

€328k

-8.3% 19-25

Income taxes

€64k

+64.0% 19-25

Debt

€706k

+34.7% 19-25

Debt ≤ 1y

€465k

+49.7% 19-25

Debt > 1y

€37k

-34.2% 19-25

Current ratio

2.28

+0.8% 19-25

Quick ratio

2.28

+0.8% 19-25

Solvency

38.3%

+11.3% 19-25

Debt / equity

1.61

-15.5% 19-25

ROE

37.2%

-3.4% 19-25

ROA

14.3%

+7.5% 19-25

Interest coverage

18.06

-43.8% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€261k
Net profit	€163k
Cash flow	€189k
Staff costs	€328k
Income taxes	€64k
Dividends	-
Total assets	€1.15M
Equity	€439k
Debt	€706k
of which ≤ 1y	€465k
of which > 1y	€37k
Working capital	€595k
Employees (FTE)	6.5

Ratios (computed)

	2025
Current ratio	2.28
Quick ratio	2.28
Working capital ratio	51.9%
Solvency	38.3%
Debt / equity	1.61
Long-term debt ratio	0.09
Interest coverage	18.06
Gross margin	-
Net margin	-
ROA	14.3%
ROE	37.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €86k · 7.5% Current assets €1.06M · 92.5%

Equity & liabilities

Equity €439k · 38.3% Debt €706k · 61.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.15M
Fixed assets	21/28	€86k
Tangible fixed assets	22/27	€86k
Current assets	29/58	€1.06M
Amounts receivable within one year	40/41	€380k
Investments	50/53	€242k
Cash & bank	54/58	€437k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.15M
Equity	10/15	€439k
Contributions / capital	10/11	€8k
Reserves	13	€2k
Accumulated profits (losses)	14	€429k
Amounts payable	17/49	€706k
Amounts payable after one year	17	€37k
Amounts payable within one year	42/48	€465k
Trade debts payable within one year	44	€319k
Income statement
Gross operating margin	9900	€591k
Operating result	9901	€236k
Financial income	75	€6k
Financial charges	65	€14k
Result before taxes	9903	€228k
Income taxes	67/77	€64k
Net result for the period	9904	€163k
Result to be appropriated	9905	€163k

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 2025 · computed

94 / 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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Former directors (1)

GWOMILegal entity
Niet statutaire zaakvoerder/bestuurder
State Gazette act 24321113 (11-01-2024)

Former
- → 11-01-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

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

Legal Structure

NACE primary	Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten(62200)
Legal form	Private limited company(610)
Incorporation	07-06-2012
Status	Active
Postal code	3600

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

APPMAX

Mieënbroekstraat 35, 3600 GenkGroothandel in computers, randapparatuur en software

since 20122.210.097.290

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,277 m²

Buildings1

Building footprint300 m²

Volume (LiDAR)1,594 m³

Tallest building9.4 m · ±2 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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71304E0251/00D000	Flanders	1,277 m²	1 · 300 m²	9.3 m · 2 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

1 acts

All acts · 1 updated 2 years ago

2024

11-01-2024 1 director appointed, 1 resigning Director changes·Yves CLERCX

QPS ACCOUNTANTS GENK
GWOMI, Niet statutaire zaakvoerder/bestuurder

Notary: Yves CLERCX · Genk

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

91 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 100

Solvency 82

Growth 78

Stability 100

Ask AI about this company

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AI due-diligence brief

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

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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

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We hold annual accounts for 5,998 of the 29,838 companies in this sector. 3,667 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ontwerpen en programmeren van computerprogramma's62010Computerconsultancy-activiteiten62020Ontwerpen van computerprogramma’s62100Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200

Primary activity highlighted.

Names & trade names

Legal nameNL

APPMAX

Registered office

Mieënbroekstraat 35

3600 Genk, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.