A-P Projects
ActiveThe computed 12-month bankruptcy probability of A-P Projects is 2.0% (moderate). The 2025 annual accounts show equity of €59k and a net result of €-25k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 1887 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-66
Solvency70▼-26
Growth52=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.93 in 2024), but 65.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.6%
Return on assets
-14.7%
Age of the figures
8 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
2 d early
2022
32 d early
2021
18 d late
2020
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▼ 29.8%
2024 · €85k
2020: €43k
2021: €46k
2022: €63k
2023: €74k
2024: €85k
2020 → 2025
Total assets
€172k▲ 6.7%
2024 · €161k
2020: €56k
2021: €62k
2022: €74k
2023: €125k
2024: €161k
2020 → 2025
Net result
€-25k
2024 · €11k
2020: €40k
2021: €3k
2022: €17k
2023: €10k
2024: €11k
2020 → 2025
Working capital
€64k▼ 32.2%
2024 · €94k
2020: €42k
2021: €44k
2022: €61k
2023: €72k
2024: €94k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€63k▲ 37.4%€74k▲ 16.4%€85k▲ 15.2%€59k▼ 29.8%
Operating result€6k-€21k▲ 250%€-1k€13k€-25k
Net result€3k-€17k▲ 551%€10k▼ 39.6%€11k▲ 7.4%€-25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €13k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€16k▼ 12.6%
Current assets
€156k▲ 9.1%
Equity and liabilities €172k
Equity
€59k▼ 29.8%
Debt
€112k▲ 47.1%
The debt ratio rises from 47.4% to 65.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-23k▼
2024 · €15k
Cash flow
€-23k▼
2024 · €13k
Solvency
34.6%▼
2024 · 52.6%
Current ratio
1.69▼
2024 · 2.93
Quick ratio
1.69▼
2024 · 2.93
Debt / equity
1.89▲
2024 · 0.90
ROE
-42.4%▼
2024 · 13.2%
ROA
-14.7%▼
2024 · 6.9%
Interest coverage
-3.81▼
2024 · 4.27
Debt
€112k▲
2024 · €76k
Debt ≤ 1 year
€92k▲
2024 · €49k
Debt > 1 year
€20k▼
2024 · €28k
Income taxes
€0▼
2024 · €4k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€161k€172k▲
Fixed assets21/28€18k€16k▼
Tangible fixed assets22/27€18k€16k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€656€62▼
Other tangible fixed assets26€17k€16k▼
Financial fixed assets28-€135
Current assets29/58€143k€156k▲
Amounts receivable within one year40/41€119k€156k▲
Trade receivables40€26k€39k▲
Other amounts receivable41€92k€117k▲
Cash at bank and in hand54/58€24k-
Deferred charges and accrued income490/1€102€104▲
Equity and liabilities
Total equity and liabilities10/49€161k€172k▲
Equity10/15€85k€59k▼
Contributions10/11€3k€3k=
Reserves13€82k€82k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14-€-25k
Amounts payable17/49€76k€112k▲
Amounts payable after more than one year17€28k€20k▼
Financial debts170/4€28k€20k▼
Amounts payable within one year42/48€49k€92k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€2k€36k▲
Credit institutions430/8€2k€36k▲
Trade debts44€12k€49k▲
Suppliers440/4€12k€49k▲
Taxes, remuneration and social security45€28k-
Taxes450/3€28k-
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€668€793▲
Gross operating margin9900€16k€-20k▼
Operating profit (loss)9901€13k€-25k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€15k€-25k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€11k€-25k▼
Profit (loss) for the period to be appropriated9905€11k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-25k▼
Transfer to equity691/2€11k-
To other reserves6921€11k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-25k ▼326%
Net result drops to €-25k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenovenstraat 513582 BeringenGround area
994 m²
Building footprint
172 m²
Volume, LiDAR
625 m³
Parcel 71029B1139/00X000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
A-Weld
since 20192.295.123.433
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1139/00X000 | Flanders | 994 m² | 1 · 172 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PRELASCO
BE 0506.768.778
Izegem · Eq €59k
STAMET
BE 0749.447.734
Deerlijk · Eq €60k
HOPE RANCH B.
BE 0802.434.082
Gesves · Eq €60k
DME Service
BE 0806.133.049
Fosses-la-Ville · Eq €60k
AC Métal Design
BE 0797.297.438
Silly · Eq €59k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2019
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.