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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Apollo Bidco from Gent, company number BE0769709945, closed financial year 2025 with a result of € -34.8 million after tax. For that financial year Apollo Bidco recorded revenue of € 6.3 million and equity of € 208.1 million. Compared with financial year 2024, the result moved from € -29.6 million to € -34.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 208.1 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34.8 million
▼ 17 % more loss than in 2024
Profit after tax over the fiscal year.
€ 192,266
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -119.8 million.
People and assets in 2025
11
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 2% vs 2024
€ 100,200 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.
€ 57,089
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 465.7 million
▲ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 2.8 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 190 days on average.
€ 147,969
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,535,112 | € 5,367,445 | € 6,345,126 | € 6,301,563 | ▼ 1% |
| Profit after taxes | € -19,742,644 | € -26,206,835 | € -29,641,249 | € -34,800,048 | ▼ € 5.2 million |
| Equity | € 298,741,819 | € 272,534,984 | € 242,893,736 | € 208,093,687 | ▼ 14% |
| Total debts | € 362,388,163 | € 411,369,594 | € 449,270,070 | € 483,513,351 | ▲ 8% |
| Cash | € 160,413 | € 171,457 | € 277,962 | € 192,266 | ▼ 31% |
| Retained profit | € -29,155,286 | € -55,362,121 | € -85,003,370 | € -119,803,418 | ▼ € 34.8 million |
| Bank debt | € 338,731,001 | € 394,571,135 | € 432,272,186 | € 465,691,700 | ▲ 8% |
| Balance sheet total | € 661,129,982 | € 683,904,578 | € 692,163,806 | € 691,607,038 | |
| Employees (FTE) | - | 9.4 | 11.8 | 11 | ▼ 0.8 |
Key figures of Apollo Bidco, 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 Bidco?
What happened at Apollo Bidco 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 € 34.8 million. Source: NBB ↗
- New establishment in Gent. KBO
- JAN HELSKENS CONSULTING BV became a director. NBB
- DV INVESTMENT GROUP BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19.7 million loss in 2022 to € 34.8 million loss in 2025.
Paid € 2,990 in corporate taxes since 2022.
Pays suppliers within 190 days on average.
Management
The shares are held by Apollo Midco BV (100%). It owns 100% of The Cookware Company Limited, 100% of Apollo Finco and 100% of Cookware Company Holding America itself.
Directors
According to the 2025 annual accounts
Director · represented by Jan HELSKENS
Also active at: Apollo Topco, Apollo Finco, Apollo Midco, HILLSIDE HOSPITALITY
since 2021 · until 2027
Director · represented by Wim DE VEIRMAN
Also active at: Apollo Topco, Apollo Finco, Apollo Midco, Plattoo Construct, Compagnie Des Nations, Duna Knokke, Compagnie des Ardennes, Compagnie des Arts
since 2021 · until 2027
Shareholders
100%
Participations
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 Finco same network
€ 1.7 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
- 0769.709.945
- VAT number
- BE 0769.709.945
- Registered office
- Antoon Catriestraat 12, 9031 Gent
- Names & denominations
- Apollo Bidco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2021
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van hoofdkantoren