AP ENERGY
Bankruptcy closedInactive since 25-06-2026; last annual accounts for fiscal year 2020.
Summary
AP ENERGY was declared bankrupt on 24-02-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 23-06-2026, published in the Belgian State Gazette on 29-06-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 23-04-2021, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
7 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Installation of electric heating, air conditioning, cooling and ventilation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, abbreviated schema
Equity
-€493,897
2019 · €158,187
Total assets
€2.1m▲ 6.5%
2019 · €1.9m
Net result
-€652,084
2019 · €3,688
Working capital
-€611,638
2019 · €8,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€63,755-€44,788▼ 29.8%-€576,140
Net result€25,767-€3,688▼ 85.7%-€652,084below the sector's middle half
Equity€154,498-€158,187▲ 2.4%-€493,897below the sector's middle half
Total assets€1.8m-€1.9m▲ 5.4%€2.1mabove the sector's middle half▲ 6.5%
Debt€1.7m-€1.8m▲ 5.7%€2.5m▲ 43.9%
Working capital€46,574-€8,340▼ 82.1%-€611,638below the sector's middle half
Solvency8.4%-8.2%▼ 0.2pp-24.1%below the sector's middle half▼ 32.3pp
Current ratio1.04-1.01▼ 0.040.69below the sector's middle half▼ 0.31
Return on assets (ROA)1.4%-0.2%▼ 1.2pp-31.8%below the sector's middle half▼ 32.0pp
Staff (FTE)8.9-13.4▲ 50.6%21.8above the sector's middle half▲ 62.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €576,140 after €44,788 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €2.1m
Fixed assets
€664,602 ▼ 5.4%
Current assets
€1.4m ▲ 13.3%
Key figures and ratios
EBITDA
-€535,995▼
2019 · €84,701
Cash flow
-€611,938▼
2019 · €43,602
Quick ratio
0.46▼
2019 · 0.51
Debt to equity
-1.11▼
2019 · 3.49
Debt ≤ 1 year
€2.0m▲
2019 · €1.2m
Debt > 1 year
€546,860▼
2019 · €552,710
Income taxes
€335▼
2019 · €3,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,979 | €39,913 | €40,145 | ▲ 0.6% |
| Gross operating margin9900 | €589,037 | €741,627 | €555,355 | ▼ 25.1% |
| Operating profit (loss)9901 | €63,755 | €44,788 | -€576,140 | ▼ 1,386% |
| Recurring financial income75 | €137 | €53 | €305 | ▲ 474% |
| Recurring financial charges65 | €35,145 | €37,910 | €75,913 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €28,747 | €6,931 | -€651,749 | ▼ 9,504% |
| Income taxes67/77 | €2,980 | €3,242 | €335 | ▼ 89.7% |
| Profit (loss) for the period9904 | €25,767 | €3,688 | -€652,084 | ▼ 17,780% |
| Profit (loss) for the period to be appropriated9905 | €25,767 | €3,688 | -€652,084 | ▼ 17,780% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.8m | €1.9m | €2.1m | ▲ 6.5% |
| Fixed assets21/28 | €708,122 | €702,557 | €664,602 | ▼ 5.4% |
| Tangible fixed assets22/27 | €708,122 | €702,557 | €664,602 | ▼ 5.4% |
| Current assets29/58 | €1.1m | €1.2m | €1.4m | ▲ 13.3% |
| Stocks and contracts in progress3 | €404,866 | €598,440 | €461,413 | ▼ 22.9% |
| Amounts receivable within one year40/41 | €650,846 | €608,460 | €806,079 | ▲ 32.5% |
| Cash at bank and in hand54/58 | €60,549 | €9,324 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.1m | ▲ 6.5% |
| Equity10/15 | €154,498 | €158,187 | -€493,897 | ▼ 412% |
| Contributions10/11 | €20,000 | €20,000 | - | - |
| Reserves13 | €134,498 | €138,187 | €138,187 | = |
| Profit (loss) carried forward14 | -€27,540 | -€27,540 | -€652,084 | ▼ 2,268% |
| Amounts payable17/49 | €1.7m | €1.8m | €2.5m | ▲ 43.9% |
| Amounts payable after more than one year17 | €599,963 | €552,710 | €546,860 | ▼ 1.1% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €2.0m | ▲ 64.4% |
| Trade debts44 | €762,219 | €807,295 | €1.4m | ▲ 76.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,767 | €3,688 | -€652,084 | ▼ 17,780% |
| + Depreciation and write-downs630 | €52,979 | €39,913 | €40,145 | ▲ 0.6% |
| Operating cash flow (approximation) | €78,746 | €43,602 | -€611,938 | ▼ 1,503% |
| Investment in fixed assets (approximation) | - | -€34,348 | -€2,190 | ▲ 93.6% |
| Change in cash | - | -€51,225 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
29-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 23-06-2026
2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 24-02-2022
11-02
Judicial reorganisation
Reorganisation plan revoked
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-02-2022
2021
20-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 14-09-2021
07-05
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 04-05-2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€652,084
Net result drops to -€652,084, the lowest in the series.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
23-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kortrijk
Ground area
443 m²
Building footprint
122 m²
Volume, LiDAR
744 m³
Parcel 34016A0260/00C002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016A0260/00C002 | Flanders | 443 m² | 1 · 122 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Laurence MONTAGNE President Rooseveltplein 5 B2,
8500 KORTRIJK |
24-02-2022 → 23-06-2026 |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 1,175 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-2008
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
28250Manufacture of machinery and equipment not elsewhere classified
70200Business and other management consultancy
82990Other business support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.