Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.2 to 7.9.
Financials
Financial year 2025
APPLICAIR from Herve, company number BE0455881489, closed financial year 2025 with a result of € 467,950 after tax. For that financial year APPLICAIR recorded a gross margin of € 1.2 million and equity of € 960,677. Compared with financial year 2024, the result moved from € 2.2 million to € 467,950. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 960,677
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 467,950
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 585,570
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 467,950 paid out
100 % of the profit went to the shareholders, mostly to RX TECH (75 % of the shares). That is where the money ends up.
People and assets in 2025
7.9
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 594,067
▲ 2% vs 2024
€ 75,200 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.
€ 67,366
▲ 20% vs 2024
Of which on lease € 29,927.
Debts at end 2025
€ 126,926
▼ 5% vs 2024
€ 49,445 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.5 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,290
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,810,731 | € 2,717,591 | € 2,893,470 | € 1,245,511 | ▼ 57% |
| Profit after taxes | € 1,334,807 | € 2,062,070 | € 2,222,991 | € 467,950 | ▼ 79% |
| Equity | € 1,371,628 | € 960,677 | € 960,677 | € 960,677 | |
| Total debts | € 2,138,466 | € 3,046,829 | € 4,947,375 | € 2,373,218 | ▼ 52% |
| Cash | € 893,182 | € 1,773,512 | € 3,289,916 | € 585,570 | ▼ 82% |
| Land & buildings | € 56,725 | € 56,450 | € 56,294 | € 90,438 | ▲ 61% |
| Retained profit | € 1,309,628 | € 898,677 | € 898,677 | € 898,677 | |
| Dividend | € 1,200,000 | € 2,473,021 | € 2,222,991 | € 467,950 | ▼ 79% |
| Bank debt | € 193,776 | € 164,061 | € 134,022 | € 126,926 | ▼ 5% |
| Balance sheet total | € 3,510,094 | € 4,007,507 | € 5,908,053 | € 3,333,896 | ▼ 44% |
| Employees (FTE) | 8.1 | 9.2 | 8.7 | 7.9 | ▼ 0.8 |
Key figures of APPLICAIR, 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 APPLICAIR?
What happened at APPLICAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 467,950 (▼ 79% vs 2024). Source: NBB ↗
- Hervé XHAUFLAIR became a director. NBB
- Emmanuel XHAUFLAIR became a director. NBB
- RX TECH SRL became a director. NBB
- New establishment in Herve. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.3 million profit in 2022 to € 467,950 profit in 2025.
Paid € 344,286 in corporate taxes since 2022.
Best year ever: 2024, with € 2.2 million profit.
On average € 157,700 of value added per employee in 2025.
Management
The stake of RX TECH, GWHM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
APPLICAIRBehind APPLICAIR are Emmanuel XHAUFLAIR, RX TECH SRL and Hervé XHAUFLAIR. The shares are held by RX TECH (75%) and GWHM (25%).
Directors
According to the 2025 annual accounts
since 2018
Managing director · represented by RANDAXHE FRANÇOIS
since 2018
since 2019
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Maestricht 48
4651 Herve
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
- 0455.881.489
- VAT number
- BE 0455.881.489
- Registered office
- Rue de Maestricht 48, 4651 Herve
- Names & denominations
- APPLICAIR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 September 1995
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
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