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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Apollo Finco from Gent, company number BE0769699651, closed financial year 2025 with a result of € -4.3 million after tax. For that financial year Apollo Finco recorded revenue of € 1.7 million and equity of € -8 million. Compared with financial year 2024, the result moved from € -2.2 million to € -4.3 million. 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 June 24, 2026.
€ -8 million
▼ € 4.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.3 million
▼ 94 % more loss than in 2024
Profit after tax over the fiscal year.
€ 578,067
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8 million.
People and assets in 2025
6.2
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 894,449
▲ 111% vs 2024
€ 144,300 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
€ 435.8 million
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 1.3 million
▲ € 1.2 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 705 days on average.
€ 5.9 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 428,712 | € 1,082,828 | € 1,288,990 | € 1,661,657 | ▲ 29% |
| Profit after taxes | € 39,281 | € -486,749 | € -2,195,212 | € -4,264,210 | ▼ € 2.1 million |
| Equity | € -1,007,220 | € -1,493,969 | € -3,689,181 | € -7,953,391 | ▼ € 4.3 million |
| Total debts | € 430,625,472 | € 453,786,036 | € 480,678,420 | € 499,943,977 | ▲ 4% |
| Cash | € 799,022 | € 5,432,311 | € 3,489,095 | € 578,067 | ▼ 83% |
| Retained profit | € -1,007,221 | € -1,493,970 | € -3,689,182 | € -7,953,392 | ▼ € 4.3 million |
| Bank debt | € 422,942,154 | € 440,814,082 | € 458,063,506 | € 435,783,522 | ▼ 5% |
| Balance sheet total | € 429,618,252 | € 452,292,067 | € 476,989,239 | € 491,990,586 | ▲ 3% |
| Employees (FTE) | 3.2 | 2.5 | 4.7 | 6.2 | ▲ 1.5 |
Key figures of Apollo Finco, 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 Apollo Finco?
What happened at Apollo Finco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JAN HELSKENS CONSULTING BV stepped down as director. NBB
- DV INVESTMENT GROUP BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.3 million. Source: NBB ↗
- JAN HELSKENS CONSULTING BV became a director. NBB
- DV INVESTMENT GROUP BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,281 profit in 2022 to € 4.3 million loss in 2025.
Paid € 2,288 in corporate taxes since 2022.
Best year ever: 2022, with € 39,281 profit.
Management
The shares are held by Apollo Bidco BV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Jan HELSKENS
Also active at: Apollo Topco, Apollo Bidco, Apollo Midco, HILLSIDE HOSPITALITY
since 2021 · until 2027
Director · represented by Wim DE VEIRMAN
Also active at: Apollo Topco, Apollo Bidco, Apollo Midco, Plattoo Construct, Compagnie Des Nations, Duna Knokke, Compagnie des Ardennes, Compagnie des Arts
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Antoon Catriestraat 12
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →The Cookware Company Europe
€ 46.4 million revenue · 2025
Apollo Topco same network
€ 1.5 million revenue · 2025
Apollo Bidco same network
€ 6.3 million revenue · 2025
Apollo Midco same network
APOLLO BTW-EENHEID
+2 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
- 0769.699.651
- VAT number
- BE 0769.699.651
- Registered office
- Antoon Catriestraat 12, 9031 Gent
- Names & denominations
- Apollo Finco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2021
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen