ACTIVE

APUMAS

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Financial year 2025 · Closed on 31/12/2025

Net result112,7 k €-64,4 %over 1 year
Gross margin1,3 M €-17,5 %over 1 year
Equity754,9 k €-8,7 %over 1 year
Workforce14,7 ETP-7,5 %over 1 year

Identity

Source · BCE/KBO

APUMAS is a Private limited company incorporated in 2004. Its registered office is in Liège. It employs on average 14,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0864.617.022
Incorporation
08/04/2004
Legal form
Private limited company
Registered office
Chemin Dupireux 19-21
4000 Liège · WallonieSee on map
Contributed capital
109 000,00 €
Latest accounts
31/12/2025
Average workforce
14,7 ETP
Joint committees (4)
  • 100
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,3 M €1,5 M €1,2 M €926,3 k €744,2 k €
EBITDA263,7 k €557,4 k €355 k €336 k €215 k €
Operating result191,6 k €476 k €279,8 k €292,8 k €141,8 k €
Net result112,7 k €317 k €175,7 k €187 k €86,8 k €
Balance sheet
Equity754,9 k €827,2 k €610,2 k €514,5 k €427,5 k €
Total assets2 M €2,5 M €2 M €2,2 M €1,9 M €
Cash135,4 k €92,5 k €28,8 k €105,7 k €37,9 k €
Debts1,2 M €1,6 M €1,4 M €1,6 M €1,4 M €
Other
Workforce14,7 ETP15,9 ETP13,9 ETP11,2 ETP11,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Bart PIETERS

Director · since 27 mai 2025

Active
Emmanuel DEPAS

Director · since 01 octobre 2012 · until 27 mai 2025

Active

Ended mandates

Emmanuel DEPAS

Director · since 01 octobre 2012

Ended
Emmanuel DEPAS

Manager · since 01 octobre 2012

Ended
Valérie Gustin

Manager · since 23 décembre 2011

Ended
Valérie GUSTIN

Director · since 23 décembre 2011

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/05/202606/06/202511/07/202405/07/202326/08/202205/08/2021
General meeting22/05/202605/06/202521/06/202428/04/202320/06/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/05/202627/05/2026FrenchPDF
Abridged model31/12/202405/06/202506/06/2025FrenchPDF
Abridged model31/12/202321/06/202411/07/2024FrenchPDF
Abridged model31/12/202228/04/202305/07/2023FrenchPDF
Abridged model31/12/202120/06/202226/08/2022FrenchPDF
Micro model31/12/202021/06/202105/08/2021FrenchPDF
Micro model31/12/201907/09/202010/09/2020FrenchPDF
Micro model31/12/201807/06/201912/06/2019FrenchPDF
Micro model31/12/201721/08/201829/08/2018FrenchPDF
Micro model31/12/201621/09/201722/09/2017FrenchPDF
Abridged model31/12/201518/08/201631/08/2016FrenchPDF
Abridged model31/12/201424/07/201531/08/2015FrenchPDF
Abridged model31/12/201314/08/201415/09/2014FrenchPDF
Abridged model31/12/201217/06/201324/07/2013FrenchPDF
Abridged model31/12/201127/04/201224/07/2012FrenchPDF
Abridged model31/12/201007/07/201109/07/2011FrenchPDF
Abridged model31/12/200914/05/201028/07/2010FrenchPDF
Abridged model31/12/200824/04/200912/05/2009FrenchPDF
Abridged model31/12/200725/04/200819/05/2008FrenchPDF
Abridged model31/12/200614/05/200709/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Bart PIETERS

Director · since 27 mai 2025

Active
Emmanuel DEPAS

Director · since 01 octobre 2012 · until 27 mai 2025

Active

Ended mandates

Emmanuel DEPAS

Director · since 01 octobre 2012

Ended
Emmanuel DEPAS

Manager · since 01 octobre 2012

Ended
Valérie Gustin

Manager · since 23 décembre 2011

Ended
Valérie GUSTIN

Director · since 23 décembre 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/09/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Capital / shares12/11/2013
    CAPITAL, ACTIONS
    PDF
  • Mandates26/10/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/01/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/04/2004
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025112,7 k €↓
  2. 2024
    Annual accounts 2024317 k €↑
  3. 2023
    Annual accounts 2023175,7 k €↓
  4. 2022
    Annual accounts 2022187 k €↑
  5. 2021
    Annual accounts 202186,8 k €↑
  6. 2020
    Annual accounts 202042,6 k €↑
  7. 2019
    Annual accounts 20193,9 k €↓
  8. 2018
    Annual accounts 201818,5 k €↓
  9. 2017
    Annual accounts 201724,8 k €↑
  10. 2016
    Annual accounts 201619,1 k €↑
  11. 2015
    Annual accounts 20156,4 k €↓
  12. 2014
    Annual accounts 20147,5 k €↓
  13. 2013
    Annual accounts 201376,8 k €↑
  14. 2012
    Annual accounts 201242,3 k €↑
  15. 2011
    Annual accounts 20115,8 k €↑
  16. 2010
    Annual accounts 20102,4 k €↓
  17. 2009
    Annual accounts 20094,4 k €↓
  18. 2008
    Annual accounts 200826,4 k €↓
  19. 2007
    Annual accounts 200732,3 k €↑
  20. 2006
    Annual accounts 200610 k €
  21. 08/04/2004
    IncorporationPrivate limited company