Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
APELEC from Zemst, company number BE0451379404, closed financial year 2025 with a result of € 86,493 after tax. For that financial year APELEC recorded a gross margin of € 351,873 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 73,997 to € 86,493. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.1 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,493
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 210,556
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 393,881.
People and assets in 2025
2.6
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 144,312
€ 55,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 344,515
▼ 15% vs 2024
€ 64,269 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 89,367
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,035
▲ 41% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 291,471 | € 290,263 | € 332,774 | € 351,873 | ▲ 6% |
| Profit after taxes | € 79,133 | € 44,354 | € 73,997 | € 86,493 | ▲ 17% |
| Equity | € 851,412 | € 895,766 | € 969,763 | € 1,056,255 | ▲ 9% |
| Total debts | € 833,510 | € 775,201 | € 713,541 | € 682,071 | ▼ 4% |
| Cash | € 90,063 | € 79,660 | € 140,308 | € 210,556 | ▲ 50% |
| Land & buildings | € 692,078 | € 630,355 | € 577,214 | € 518,818 | ▼ 10% |
| Retained profit | € 189,038 | € 233,392 | € 307,389 | € 393,881 | ▲ 28% |
| Bank debt | € 536,584 | € 480,356 | € 406,089 | € 344,515 | ▼ 15% |
| Balance sheet total | € 1,684,922 | € 1,670,967 | € 1,683,304 | € 1,738,326 | ▲ 3% |
| Employees (FTE) | 1.8 | 2.3 | 2.1 | 2.6 | ▲ 0.5 |
Key figures of APELEC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to APELEC?
What happened at APELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 86,493 (▲ 17% vs 2024). Source: NBB ↗
- New establishment in Zemst. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,133 profit in 2022 to € 86,493 profit in 2025.
Paid € 140,434 in corporate taxes since 2022.
Best year ever: 2025, with € 86,493 profit.
On average € 135,300 of value added per employee in 2025.
Management
Behind APELEC are VEERLE ENGELS, Karolien Niemegeers and Niemegeers-Engels nv NV. It owns 99.2% of Niemegeers Engels itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Tervuursesteenweg 772
1982 Zemst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0451.379.404
- VAT number
- BE 0451.379.404
- Registered office
- Tervuursesteenweg 772, 1982 Zemst
- Names & denominations
- APELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1993
- Peppol
- Active · Active since 21 Nov 2024
- Contact
- apotheekelewijt.be
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers