Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
APPCO from Waregem, company number BE0451623783, closed financial year 2025 with a result of € 1,263 after tax. For that financial year APPCO recorded a gross margin of € 1,398 and equity of € 56,552. Compared with financial year 2024, the result moved from € 65,439 to € 1,263. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 7, 2026.
€ 56,552
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,263
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 1,799
▼ 47% 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 € 28,552.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,550
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 594
▼ 91% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,586 | € 14,670 | € 363,935 | € 1,398 | ▼ € 362,537 |
| Profit after taxes | € -5,370 | € 1,828 | € 65,439 | € 1,263 | ▼ 98% |
| Equity | € -11,977 | € -10,149 | € 55,290 | € 56,552 | ▲ 2% |
| Total debts | € 251,914 | € 232,446 | € 134,612 | € 128,855 | ▼ 4% |
| Cash | € 4,546 | € 4,540 | € 3,393 | € 1,799 | ▼ 47% |
| Land & buildings | € 216,428 | € 210,162 | - | - | |
| Retained profit | € -39,977 | € -38,149 | € 27,290 | € 28,552 | ▲ 5% |
| Bank debt | € 105,386 | € 92,567 | € 0 | € 0 | |
| Balance sheet total | € 239,937 | € 222,297 | € 189,902 | € 185,407 | ▼ 2% |
Key figures of APPCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to APPCO?
What happened at APPCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,263 (▼ 98% vs 2024). Source: NBB ↗
- KRIS CNUDDE became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,370 loss in 2022 to € 1,263 profit in 2025.
Paid € 6,641 in corporate taxes since 2022.
Best year ever: 2024, with € 65,439 profit.
Management
Behind APPCO is KRIS CNUDDE.
Directors
According to the 2025 annual accounts
KRIS CNUDDE
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Beveren-Dries 5
8791 Waregem
Zwijnaardsesteenweg 642
9000 Gent
Active since 21 January 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.623.783
- VAT number
- BE 0451.623.783
- Registered office
- Beveren-Dries 5, 8791 Waregem
- Names & denominations
- APPCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 1994
- Peppol
- Active · Active since 26 Nov 2024
- Activities · NACE
Overige zakelijke dienstverlening, neg
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren