ACTIVE

APPROVER

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Financial year 2025 · closed on 30/06/2025

Net result

54,7 k €

+11.3% YoY

Gross margin

160,5 k €

+5.6% YoY

Equity

389,1 k €

+4.1% YoY

Workforce

0,5 ETP

0.0% YoY

What does APPROVER do?

APPROVER is a Private limited company incorporated in 2005. Its registered office is in Lier. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.752.055

Incorporation

25/03/2005

Legal form

Private limited company

Registered office

Frederik Peltzerstraat 38 box 1
2500 Lier · FlandreSee on map

Contributed capital

28 000,00 €

Latest accounts

30/06/2025

Average workforce

0,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	160,5 k €	+5.6%	152 k €	-4.4%	159 k €	-15.2%	187,6 k €	+11.5%	168,3 k €	+8.6%	154,9 k €	-1.7%	157,5 k €	+17.5%	134,1 k €	-4.9%	141 k €	+5.8%	133,3 k €	-0.9%	134,4 k €	+1.4%	132,5 k €	+24.2%	106,7 k €	-22.5%	137,7 k €	+7.3%	128,4 k €	+0.7%	127,5 k €	-0.4%	128 k €	-0.2%	128,3 k €	+2.4%	125,3 k €
EBITDA	124 k €	+6.0%	117 k €	-6.4%	125 k €	-19.9%	156 k €	+13.5%	137,5 k €	+29.3%	106,3 k €	-7.9%	115,4 k €	+10.2%	104,8 k €	-7.2%	112,9 k €	+17.7%	95,9 k €	-3.5%	99,4 k €	+3.5%	96,1 k €	+28.8%	74,6 k €	-35.2%	115,1 k €	+5.5%	109,2 k €	+0.7%	108,4 k €	-0.9%	109,4 k €	+5.6%	103,7 k €	-2.4%	106,3 k €
Operating result	99,5 k €	+8.2%	91,9 k €	+0.7%	91,3 k €	-24.4%	120,7 k €	+18.5%	101,8 k €	+32.6%	76,8 k €	-10.1%	85,4 k €	+19.0%	71,8 k €	-10.5%	80,2 k €	+30.7%	61,3 k €	+137%	25,9 k €	+15.7%	22,3 k €	+17.9%	18,9 k €	-60.7%	48,1 k €	+14.1%	42,2 k €	+5.0%	40,2 k €	-3.4%	41,6 k €	+15.5%	36 k €	-8.5%	39,4 k €
Net result	54,7 k €	+11.3%	49,1 k €	-2.3%	50,3 k €	-28.3%	70,1 k €	+22.4%	57,3 k €	+40.1%	40,9 k €	-16.4%	48,9 k €	+32.5%	36,9 k €	-11.9%	41,9 k €	+22.4%	34,2 k €	+3072%	1,1 k €	+123%	-4,8 k €	+28.0%	-6,6 k €	-141%	16,2 k €	+24.7%	13 k €	+19.8%	10,8 k €	-2.1%	11 k €	+210%	3,6 k €	-59.2%	8,7 k €
Balance sheet
Equity	389,1 k €	+4.1%	373,7 k €	+7.0%	349,3 k €	+6.2%	329 k €	+26.1%	260,8 k €	+26.9%	205,6 k €	+23.3%	166,7 k €	+28.9%	129,4 k €	+23.9%	104,5 k €	+40.1%	74,5 k €	+61.0%	46,3 k €	+2.4%	45,2 k €	-9.6%	50 k €	-11.7%	56,6 k €	+39.9%	40,5 k €	+47.1%	27,5 k €	+64.9%	16,7 k €	+196%	5,6 k €	+172%	2,1 k €
Total assets	704,8 k €	+0.0%	704,8 k €	-3.6%	730,8 k €	-4.8%	767,2 k €	+6.0%	723,6 k €	+4.1%	695,3 k €	+2.7%	677,2 k €	+1.5%	667,4 k €	-3.5%	691,4 k €	+3.9%	665,5 k €	+0.0%	665,3 k €	-11.1%	748,8 k €	-10.6%	837,1 k €	+43.3%	584 k €	-6.4%	624 k €	-9.2%	687,4 k €	-7.7%	744,6 k €	-5.1%	784,7 k €	-6.0%	834,6 k €
Cash	276,3 k €	+0.4%	275,1 k €	+2.2%	269,2 k €	+0.7%	267,4 k €	+33.0%	201,1 k €	+39.9%	143,8 k €	+15.4%	124,5 k €	+10.8%	112,4 k €	+18.2%	95,1 k €	+60.0%	59,4 k €	+51.1%	39,3 k €	-12.3%	44,8 k €	-42.0%	77,2 k €	+176%	28 k €	+11.8%	25 k €	-14.5%	29,3 k €	-39.8%	48,7 k €	+81.9%	26,8 k €	+17.1%	22,9 k €
Debts	306 k €	-5.2%	322,7 k €	-14.1%	375,7 k €	-13.2%	432,9 k €	-5.4%	457,4 k €	-5.6%	484,3 k €	-4.0%	504,3 k €	-5.1%	531,4 k €	-8.4%	580,4 k €	-1.4%	588,6 k €	-4.5%	616,5 k €	-12.0%	700,9 k €	-10.6%	784,3 k €	+49.5%	524,5 k €	-10.1%	583,5 k €	-11.6%	659,9 k €	-9.4%	727,9 k €	-6.6%	779,1 k €	-6.4%	832,5 k €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-37.5%	0,8 ETP	0.0%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP	0.0%	0,7 ETP	+16.7%	0,6 ETP	-45.5%	1,1 ETP	+37.5%	0,8 ETP	+33.3%	0,6 ETP	-50.0%	1,2 ETP	+71.4%	0,7 ETP	+16.7%	0,6 ETP	+20.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

CHRIS PROVOST

Director

Active

Ended mandates

CHRIS PROVOST

Manager · since 25 mars 2005

Ended

CHRIS PROVOST

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ELVEO● Active	1042.097.625

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	17/12/2024	12/12/2023	20/01/2023	20/12/2021	22/12/2020
General meeting	06/12/2025	06/12/2024	06/12/2023	06/12/2022	06/12/2021	07/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	06/12/2025	18/12/2025	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	17/12/2024	Dutch	PDF
Abridged model	30/06/2023	06/12/2023	12/12/2023	Dutch	PDF
Abridged model	30/06/2022	06/12/2022	20/01/2023	Dutch	PDF
Abridged model	30/06/2021	06/12/2021	20/12/2021	Dutch	PDF
Abridged model	30/06/2020	07/12/2020	22/12/2020	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	24/12/2019	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	03/01/2019	Dutch	PDF
Abridged model	30/06/2017	06/12/2017	17/01/2018	Dutch	PDF
Abridged model	30/06/2016	06/12/2016	11/01/2017	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	21/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	19/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	29/01/2014	Dutch	PDF
Abridged model	30/06/2012	06/12/2012	19/12/2012	Dutch	PDF
Abridged model	30/06/2011	06/12/2011	26/12/2011	Dutch	PDF
Abridged model	30/06/2010	06/12/2010	24/12/2010	Dutch	PDF
Abridged model	30/06/2009	07/12/2009	17/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	12/01/2009	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	15/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

CHRIS PROVOST

Director

Active

Ended mandates

CHRIS PROVOST

Manager · since 25 mars 2005

Ended

CHRIS PROVOST

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other05/04/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202554,7 k €↑
2024
Annual accounts 202449,1 k €↓
2023
Annual accounts 202350,3 k €↓
2022
Annual accounts 202270,1 k €↑
2021
Annual accounts 202157,3 k €↑
2020
Annual accounts 202040,9 k €↓
2019
Annual accounts 201948,9 k €↑
2018
Annual accounts 201836,9 k €↓
2017
Annual accounts 201741,9 k €↑
2016
Annual accounts 201634,2 k €↑
2015
Annual accounts 20151,1 k €↑
2014
Annual accounts 2014-4,8 k €↑
2013
Annual accounts 2013-6,6 k €↓
2012
Annual accounts 201216,2 k €↑
2011
Annual accounts 201113 k €↑
2010
Annual accounts 201010,8 k €↓
2009
Annual accounts 200911 k €↑
2008
Annual accounts 20083,6 k €↓
2007
Annual accounts 20078,7 k €
25/03/2005
IncorporationPrivate limited company

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

APPROVER

Overview

What does APPROVER do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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