Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
APPROFIT from Dentergem, company number BE0819199147, closed financial year 2025 with a result of € -4,405 after tax. For that financial year APPROFIT recorded a gross margin of € 54,919 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 497,452 to € -4,405. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 2.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,405
▼ still € 497,452 profit in 2024
Profit after tax over the fiscal year.
€ 8,340
▼ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 471
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,047
▲ € 18,258 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 340,683
▼ 32% vs 2024
€ 142,653 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 16,450
▲ 229% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,735
▼ 90% 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 | € 198,003 | € 104,564 | € 594,774 | € 54,919 | ▼ 91% |
| Profit after taxes | € 81,691 | € 33,292 | € 497,452 | € -4,405 | ▼ € 501,856 |
| Equity | € 1,893,386 | € 1,828,678 | € 2,326,130 | € 2,321,726 | |
| Total debts | € 927,512 | € 796,287 | € 655,472 | € 602,366 | ▼ 8% |
| Cash | € 31,341 | € 9,594 | € 28,488 | € 8,340 | ▼ 71% |
| Land & buildings | € 399,819 | € 371,533 | € 343,245 | € 314,958 | ▼ 8% |
| Retained profit | € 1,874,786 | € 1,810,078 | € 2,307,530 | € 2,303,126 | |
| Dividend | € 0 | € 98,000 | € 0 | € 0 | |
| Bank debt | € 827,142 | € 659,140 | € 499,064 | € 340,683 | ▼ 32% |
| Balance sheet total | € 2,820,898 | € 2,624,965 | € 2,981,602 | € 2,924,092 | ▼ 2% |
Key figures of APPROFIT, 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 April 2027.
What happened to APPROFIT?
What happened at APPROFIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,405 (▼ € 501,856 vs 2024). Source: NBB ↗
- New establishment in Dentergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 81,691 profit in 2022 to € 4,405 loss in 2025.
Paid € 129,586 in corporate taxes since 2022.
Best year ever: 2024, with € 497,452 profit.
Paid out € 98,000 in dividends to the owners in total.
Management
Behind APPROFIT are Ilse Teirlinck and Jean-Pierre Debucke. It owns 14.9% of Finscaff and 10.3% of Steelco Invest itself.
Directors
According to the 2025 annual accounts
Ilse Teirlinck
Director
Establishments
Establishment units
Physical locations of this company
Katteknok(Den) 4
8720 Dentergem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0819.199.147
- VAT number
- BE 0819.199.147
- Registered office
- Katteknok(Den) 4, 8720 Dentergem
- Names & denominations
- APPROFIT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 2009
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Handelsbemiddeling in de groothandel in andere specifieke goederen
Vervaardiging van sieraden
Detailhandel in uurwerken en sieraden
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Vervaardiging van imitatiesieraden en dergelijke artikelen
Detailhandel in overige sportartikelen
+3