Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
APPARO from De Panne, company number BE0460464344, closed financial year 2025 with a result of € -61,105 after tax. For that financial year APPARO recorded a gross margin of € -23,053 and equity of € -152,386. Compared with financial year 2024, the result moved from € 23,487 to € -61,105. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -152,386
▼ € 61,105 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,105
▼ still € 23,487 profit in 2024
Profit after tax over the fiscal year.
€ 2,510
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -166,028.
People and assets in 2025
0.3
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 18,980
▼ 66% vs 2024
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
None
No bank loans on the last day of the fiscal year.
€ 3,269
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 611
▼ 77% 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 | € 78,998 | € 35,371 | € 96,589 | € -23,053 | ▼ € 119,642 |
| Profit after taxes | € 15,796 | € -14,640 | € 23,487 | € -61,105 | ▼ € 84,592 |
| Equity | € -98,825 | € -113,465 | € -91,282 | € -152,386 | ▼ € 61,105 |
| Total debts | € 351,803 | € 422,386 | € 254,222 | € 168,072 | ▼ 34% |
| Cash | € 16,550 | € 34,992 | € 28,070 | € 2,510 | ▼ 91% |
| Retained profit | € -112,467 | € -127,107 | € -104,924 | € -166,028 | ▼ € 61,105 |
| Balance sheet total | € 252,978 | € 308,921 | € 162,940 | € 15,685 | ▼ 90% |
| Employees (FTE) | 1 | 1 | 1 | 0.3 | ▼ 0.7 |
Key figures of APPARO, 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 APPARO?
What happened at APPARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 61,105 (▼ € 84,592 vs 2024). Source: NBB ↗
- GENI-GROUP BV became a director. NBB
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,796 profit in 2022 to € 61,105 loss in 2025.
Best year ever: 2024, with € 23,487 profit.
On average € 96,600 of value added per employee in 2024.
Management
Behind APPARO is GENI-GROUP BV. GENI-GROUP BV is also behind DECAT Energy Technics, DC & PARTNERS, GENION, Virginis and ALBALI.
Directors
According to the 2025 annual accounts
Director · represented by DECAT LIEVEN
Also active at: DECAT Energy Technics, DC & PARTNERS, GENION, Virginis, ALBALI, GENION BETA, AllWaves, GENI-INVEST +4 more
since 2021
Establishments
Establishment units
Physical locations of this company
Klokhofstraat 43
8660 De Panne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →GENI-GROUP same network
€ 1.8 million gross margin · 2025
PALINCKHOVE
€ 72,536 gross margin · 2025
GENION same network
€ 12,316 gross margin · 2025
ALBALI same network
€ 192,001 gross margin · 2025
GENION BETA same network
€ -12,719 gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.464.344
- VAT number
- BE 0460.464.344
- Registered office
- Klokhofstraat 43, 8660 De Panne
- Names & denominations
- APPARO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1997
- Peppol
- Active · Active since 30 Apr 2024
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen