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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
APAVE BELGIUM from Nivelles, company number BE0535773857, closed financial year 2025 with a result of € 26,596 after tax. For that financial year APAVE BELGIUM recorded a gross margin of € 567,482 and equity of € -245,682. Compared with financial year 2024, the result moved from € 162,571 to € 26,596. The company is profitable. 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 August 29, 2026.
€ -245,682
▲ € 26,596 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,596
▼ 84% vs 2024
Profit after tax over the fiscal year.
€ 126,390
▲ 42% 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 € -307,682.
People and assets in 2025
3.7
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 336,729
▲ 34% vs 2024
€ 91,000 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.
€ 16,228
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 532,067
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 110,554
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 324,689 | € 401,221 | € 562,078 | € 567,482 | ▲ 1% |
| Profit after taxes | € -11,455 | € 31,795 | € 162,571 | € 26,596 | ▼ 84% |
| Equity | € -466,644 | € -434,849 | € -272,278 | € -245,682 | ▲ € 26,596 |
| Total debts | € 1,552,917 | € 1,381,569 | € 1,565,446 | € 1,851,940 | ▲ 18% |
| Cash | € 54,645 | € 38,433 | € 89,083 | € 126,390 | ▲ 42% |
| Retained profit | € -528,644 | € -496,849 | € -334,278 | € -307,682 | ▲ € 26,596 |
| Balance sheet total | € 1,086,272 | € 946,720 | € 1,293,168 | € 1,606,258 | ▲ 24% |
| Employees (FTE) | 2.8 | 3.2 | 3.3 | 3.7 | ▲ 0.4 |
Key figures of APAVE BELGIUM, 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 APAVE BELGIUM?
What happened at APAVE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- APAVE INTERNATIONAL SA stepped down as director. NBB
- APAVE BELGIUM ASBL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 26,596 (▼ 84% vs 2024). filed late Source: NBB ↗
- VDH BV became a director. NBB
- APAVE INTERNATIONAL SA became a director. NBB
- APAVE BELGIUM ASBL became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,455 loss in 2022 to € 26,596 profit in 2025.
Best year ever: 2024, with € 162,571 profit.
On average € 153,400 of value added per employee in 2025.
Management
Behind APAVE BELGIUM is VDH BV.
Directors
According to the 2025 annual accounts
Manager · represented by Luc Van Den Houten
since 2023
Manager · represented by Eric Simon
since 2023 · until 2029
Manager · represented by Eric Simon
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Chaussée de Namur 61
1400 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0535.773.857
- VAT number
- BE 0535.773.857
- Registered office
- Chaussée de Namur 61, 1400 Nivelles
- Names & denominations
- APAVE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2013
- Peppol
- Active · Active since 22 Aug 2025
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