ACTIVE

APICALE

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Financial year 2025 · closed on 31/12/2025

Net result

24,8 k €

-5.8% YoY

Gross margin

79,9 k €

+0.9% YoY

Equity

146,7 k €

+20.3% YoY

Workforce

0,7 ETP

0.0% YoY

What does APICALE do?

APICALE is a Private company with limited liability incorporated in 1987. Its main activity is: Manufacture of medical and dental instruments and supplies. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.314.071

Incorporation

13/01/1987

Legal form

Private company with limited liability

Registered office

Rue du Marathon 2
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

0,7 ETP

Activities (NACE)

32500Manufacture of medical and dental instruments and supplies· main 32500Manufacture of medical and dental instruments and supplies 85130Pre-primary education 86230Dental practice activities 86230Dental practice activities 86230Dental practice activities+1

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	79,9 k €	+0.9%	79,2 k €	+115%	36,8 k €	-43.4%	65 k €	-16.8%	78 k €	+103%	38,5 k €	-56.4%	88,2 k €	-11.4%	99,5 k €	+21.2%	82,1 k €	-7.0%	88,3 k €	+11.0%	79,5 k €	+23.2%	64,6 k €	-3.2%	66,7 k €	-10.1%	74,2 k €	+11.2%	66,7 k €	+15.1%	58 k €	-1.8%	59,1 k €	+15.1%	51,3 k €	+11.0%	46,2 k €	+20.7%	38,3 k €
EBITDA	38,5 k €	-3.9%	40 k €	+3828%	-1,1 k €	-103%	30,9 k €	-35.7%	48 k €	+296%	12,1 k €	-73.9%	46,5 k €	-18.9%	57,3 k €	+35.5%	42,3 k €	+4.1%	40,6 k €	+27.6%	31,8 k €	+51.5%	21 k €	-6.4%	22,4 k €	-26.7%	30,6 k €	+9.6%	28 k €	+46.8%	19 k €	-3.2%	19,7 k €	+9.3%	18 k €	+7.5%	16,7 k €	+74.6%	9,6 k €
Operating result	33,8 k €	-3.7%	35,1 k €	+1010%	-3,9 k €	-116%	24,3 k €	-37.9%	39,1 k €	+1692%	2,2 k €	-93.8%	35,4 k €	-16.0%	42,2 k €	+59.4%	26,4 k €	+33.6%	19,8 k €	+48.5%	13,3 k €	+100%	6,7 k €	-40.3%	11,1 k €	-48.9%	21,8 k €	-3.1%	22,5 k €	+82.6%	12,3 k €	+33.2%	9,3 k €	+88.5%	4,9 k €	-47.5%	9,4 k €	+1859%	478,4 €
Net result	24,8 k €	-5.8%	26,3 k €	+698%	-4,4 k €	-125%	17,7 k €	-37.0%	28,1 k €	+1153%	2,2 k €	-90.5%	23,6 k €	-45.0%	42,9 k €	+74.1%	24,6 k €	+31.3%	18,8 k €	+81.3%	10,3 k €	+145%	4,2 k €	-38.8%	6,9 k €	-50.3%	13,9 k €	-13.6%	16,1 k €	+98.7%	8,1 k €	+10.5%	7,3 k €	+176%	2,7 k €	-64.0%	7,4 k €	+6313%	-118,7 €
Balance sheet
Equity	146,7 k €	+20.3%	121,9 k €	+27.5%	95,7 k €	-4.4%	100,1 k €	+21.5%	82,3 k €	+51.9%	54,2 k €	+4.3%	51,9 k €	+83.0%	28,4 k €	-23.3%	37 k €	+0.3%	36,9 k €	+11.3%	33,1 k €	-14.6%	38,8 k €	-4.4%	40,6 k €	-18.3%	49,7 k €	-11.0%	55,8 k €	-6.6%	59,7 k €	-16.6%	71,6 k €	+11.4%	64,3 k €	+4.3%	61,6 k €	+13.6%	54,3 k €
Total assets	165,8 k €	+19.9%	138,3 k €	-4.0%	144,1 k €	+32.2%	109 k €	+19.9%	90,9 k €	+19.7%	76 k €	-14.0%	88,3 k €	-0.5%	88,7 k €	-9.4%	98 k €	+4.6%	93,6 k €	+9.2%	85,7 k €	+24.5%	68,8 k €	-13.8%	79,9 k €	-17.4%	96,7 k €	-16.7%	116 k €	+0.3%	115,7 k €	+8.5%	106,6 k €	-0.7%	107,3 k €	+20.8%	88,8 k €	+4.5%	85 k €
Cash	120,8 k €	+26.3%	95,6 k €	+2.4%	93,3 k €	-0.3%	93,6 k €	+29.8%	72,1 k €	+90.5%	37,9 k €	-27.6%	52,3 k €	+86.9%	28 k €	+109%	13,4 k €	-38.9%	22 k €	-27.8%	30,4 k €	+3.5%	29,4 k €	-10.1%	32,7 k €	+25.9%	26 k €	+10.5%	23,5 k €	+105%	11,5 k €	+56.3%	7,3 k €	+7.4%	6,8 k €	+8.3%	6,3 k €	-55.4%	14,1 k €
Debts	19,1 k €	+16.2%	16,4 k €	-66.1%	48,3 k €	+439%	9 k €	+6.3%	8,4 k €	-61.3%	21,8 k €	-40.1%	36,3 k €	-39.8%	60,3 k €	-1.0%	60,9 k €	+7.4%	56,7 k €	+7.9%	52,6 k €	+75.0%	30 k €	-23.6%	39,3 k €	-16.4%	47 k €	-22.0%	60,3 k €	+7.6%	56 k €	+60.0%	35 k €	-18.8%	43,1 k €	+58.2%	27,2 k €	-11.6%	30,8 k €
Other
Workforce	0,7 ETP	0.0%	0,7 ETP		–		–		0,8 ETP	-20.0%	1,0 ETP	-16.7%	1,2 ETP		–		–		–		1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP	+9.1%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Soct

administrateur · since 07 mars 2019 · 0719.495.223

Represented by STEPHANIE OCTAVE

Active

STEPHANIE OCTAVE

administrateur · since 07 mars 2019

Active

Ended mandates

Soct

Administrator - manager · since 07 mars 2019 · 0719.495.223

Ended

Soct

Manager · since 07 mars 2019 · 0719.495.223

Represented by Stéphanie OCTAVE

Ended

Soct

Director · since 07 mars 2019 · 0719.495.223

Represented by Stéphanie OCTAVE

Ended

Stéphanie OCTAVE

Director · since 07 mars 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	03/06/2025	24/06/2024	09/06/2023	23/06/2022	09/07/2021
General meeting	30/06/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	02/05/2025	03/06/2025	French	PDF
Abridged model	31/12/2023	03/05/2024	24/06/2024	French	PDF
Micro model	31/12/2022	05/05/2023	09/06/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	07/05/2021	09/07/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	03/07/2020	French	PDF
Micro model	31/12/2018	03/05/2019	12/06/2019	French	PDF
Micro model	31/12/2017	29/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	08/10/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	02/10/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	28/10/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	28/10/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	30/11/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	09/10/2008	French	PDF
Abridged model	31/12/2006	11/10/2007	30/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Soct

administrateur · since 07 mars 2019 · 0719.495.223

Represented by STEPHANIE OCTAVE

Active

STEPHANIE OCTAVE

administrateur · since 07 mars 2019

Active

Ended mandates

Soct

Administrator - manager · since 07 mars 2019 · 0719.495.223

Ended

Soct

Manager · since 07 mars 2019 · 0719.495.223

Represented by Stéphanie OCTAVE

Ended

Soct

Director · since 07 mars 2019 · 0719.495.223

Represented by Stéphanie OCTAVE

Ended

Stéphanie OCTAVE

Director · since 07 mars 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/04/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/10/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202524,8 k €↓
2024
Annual accounts 202426,3 k €↑
2023
Annual accounts 2023-4,4 k €↓
2022
Annual accounts 202217,7 k €↓
2021
Annual accounts 202128,1 k €↑
2020
Annual accounts 20202,2 k €↓
2019
Annual accounts 201923,6 k €↓
2018
Annual accounts 201842,9 k €↑
2017
Annual accounts 201724,6 k €↑
2016
Annual accounts 201618,8 k €↑
2015
Annual accounts 201510,3 k €↑
2014
Annual accounts 20144,2 k €↓
2013
Annual accounts 20136,9 k €↓
2012
Annual accounts 201213,9 k €↓
2011
Annual accounts 201116,1 k €↑
2010
Annual accounts 20108,1 k €↑
2009
Annual accounts 20097,3 k €↑
2008
Annual accounts 20082,7 k €↓
2007
Annual accounts 20077,4 k €↑
2006
Annual accounts 2006-118,7 €
13/01/1987
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

APICALE

Overview

What does APICALE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline