Summary
APAC has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €398,890 and a net result of -€5,441. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 31942 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
51 d early
2023
51 d early
2022
49 d early
2021
75 d early
2020
16 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 10 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€398,890▼ 1.3%
2024 · €404,330
Total assets
€1.3m▼ 0.4%
2024 · €1.3m
Net result
-€5,441▲ 60.8%
2024 · -€13,889
Working capital
-€857,063▲ 0.1%
2024 · -€857,996
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€7,093▼ 40.8%-€23,855-€23,183▲ 2.8%-€14,011▲ 39.6%-€5,122▲ 63.4%
Net result€1,778below the sector's middle half▼ 83.3%-€25,132below the sector's middle half-€31,075below the sector's middle half▼ 23.6%-€13,889below the sector's middle half▲ 55.3%-€5,441below the sector's middle half▲ 60.8%
Equity€624,426within the sector's middle half▲ 0.3%€449,294above the sector's middle half▼ 28.0%€418,219above the sector's middle half▼ 6.9%€404,330above the sector's middle half▼ 3.3%€398,890above the sector's middle half▼ 1.3%
Total assets€1.5mwithin the sector's middle half▲ 0.7%€1.4mabove the sector's middle half▼ 2.9%€1.3mabove the sector's middle half▼ 5.8%€1.3mabove the sector's middle half▼ 1.3%€1.3mabove the sector's middle half▼ 0.4%
Debt€838,955▲ 1.1%€971,120▲ 15.8%€920,427▼ 5.2%€917,393▼ 0.3%€916,929▼ 0.1%
Working capital-€677,383below the sector's middle half▲ 1.8%-€839,483below the sector's middle half▼ 23.9%-€857,333below the sector's middle half▼ 2.1%-€857,996below the sector's middle half▼ 0.1%-€857,063below the sector's middle half▲ 0.1%
Solvency42.7%within the sector's middle half▼ 0.2pp31.6%within the sector's middle half▼ 11.0pp31.2%within the sector's middle half▼ 0.4pp30.6%within the sector's middle half▼ 0.7pp30.3%within the sector's middle half▼ 0.3pp
Current ratio0.19below the sector's middle half▲ 0.020.14below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.070.06below the sector's middle half=0.07below the sector's middle half=
Return on assets (ROA)0.1%below the sector's middle half▼ 0.6pp-1.8%below the sector's middle half▼ 1.9pp-2.3%below the sector's middle half▼ 0.6pp-1.1%below the sector's middle half▲ 1.3pp-0.4%below the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,122 in 2025 against €14,011 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.3m ▼ 0.5%
Current assets
€59,866 ▲ 0.8%
Equity and liabilities €1.3m
Equity
€398,890 ▼ 1.3%
Debt
€916,929 ▼ 0.1%
Debt's share of the balance-sheet total rises from 69.4% to 69.7%. Equity and debt are lower.
Key figures and ratios
ROE
-1.4%▲
2024 · -3.4%
Debt ≤ 1 year
€916,929▼
2024 · €917,393
Income taxes
€176▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,939 | €13,226 | €13,226 | €13,226 | €13,986 | ▲ 5.7% |
| Other operating charges640/8 | €3,595 | €4,714 | €5,227 | €5,447 | €4,584 | ▼ 15.8% |
| Gross operating margin9900 | €23,627 | -€5,916 | -€4,731 | €4,661 | €13,448 | ▲ 189% |
| Operating profit (loss)9901 | €7,093 | -€23,855 | -€23,183 | -€14,011 | -€5,122 | ▲ 63.4% |
| Financial income75/76B | €354 | €1,877 | €1,250 | €1,068 | €443 | ▼ 58.5% |
| Recurring financial income75 | €354 | €1,877 | €1,250 | €1,068 | €443 | ▼ 58.5% |
| Financial charges65/66B | €4,516 | €3,011 | €8,975 | €771 | €585 | ▼ 24.1% |
| Recurring financial charges65 | €4,516 | €3,011 | €8,975 | €771 | €585 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €2,932 | -€24,990 | -€30,908 | -€13,715 | -€5,264 | ▲ 61.6% |
| Income taxes67/77 | €1,153 | €142 | €167 | €174 | €176 | ▲ 1.0% |
| Profit (loss) for the period9904 | €1,778 | -€25,132 | -€31,075 | -€13,889 | -€5,441 | ▲ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €1,778 | -€25,132 | -€31,075 | -€13,889 | -€5,441 | ▲ 60.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 0.4% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.5% |
| Tangible fixed assets22/27 | €291,903 | €278,677 | €265,452 | €252,226 | €245,853 | ▼ 2.5% |
| Land and buildings22 | €289,493 | €276,798 | €264,104 | €251,409 | €245,567 | ▼ 2.3% |
| Furniture and vehicles24 | €2,410 | €1,879 | €1,348 | €817 | €287 | ▼ 64.9% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €161,378 | €131,637 | €63,094 | €59,397 | €59,866 | ▲ 0.8% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €25,000 | - | - |
| Other amounts receivable291 | - | €50,000 | €50,000 | €25,000 | - | - |
| Amounts receivable within one year40/41 | €4,110 | €72,529 | €10,790 | €9,618 | €26,849 | ▲ 179% |
| Trade receivables40 | - | €6,433 | €2,977 | €7,375 | €24,720 | ▲ 235% |
| Other amounts receivable41 | €4,110 | €66,096 | €7,813 | €2,242 | €2,129 | ▼ 5.1% |
| Cash at bank and in hand54/58 | €155,040 | €6,539 | €597 | €22,878 | €30,725 | ▲ 34.3% |
| Deferred charges and accrued income490/1 | €2,229 | €2,569 | €1,707 | €1,901 | €2,292 | ▲ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 0.4% |
| Equity10/15 | €624,426 | €449,294 | €418,219 | €404,330 | €398,890 | ▼ 1.3% |
| Contributions10/11 | €700,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Capital10 | €700,000 | - | - | - | - | - |
| Issued capital100 | €700,000 | - | - | - | - | - |
| Reserves13 | €8,057 | €8,057 | €8,057 | €8,057 | €8,057 | = |
| Non-distributable reserves130/1 | €8,057 | - | - | - | - | - |
| Legal reserve130 | €8,057 | - | - | - | - | - |
| Distributable reserves133 | - | €8,057 | €8,057 | €8,057 | €8,057 | = |
| Profit (loss) carried forward14 | -€83,630 | -€108,762 | -€139,837 | -€153,726 | -€159,167 | ▼ 3.5% |
| Amounts payable17/49 | €838,955 | €971,120 | €920,427 | €917,393 | €916,929 | ▼ 0.1% |
| Amounts payable within one year42/48 | €838,762 | €971,120 | €920,427 | €917,393 | €916,929 | ▼ 0.1% |
| Financial debts43 | €200,000 | €200,000 | - | - | - | - |
| Credit institutions430/8 | €200,000 | €200,000 | - | - | - | - |
| Trade debts44 | €2,591 | €2,184 | €3,875 | €4,047 | €3,312 | ▼ 18.2% |
| Suppliers440/4 | €2,591 | €2,184 | €3,875 | €4,047 | €3,312 | ▼ 18.2% |
| Taxes, remuneration and social security45 | €4,853 | - | €167 | €174 | €182 | ▲ 4.5% |
| Taxes450/3 | €4,853 | - | €167 | €174 | €182 | ▲ 4.5% |
| Other amounts payable47/48 | €631,317 | €768,935 | €916,385 | €913,171 | €913,435 | = |
| Accrued charges and deferred income492/3 | €193 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,778 | -€25,132 | -€31,075 | -€13,889 | -€5,441 | ▲ 60.8% |
| + Depreciation and write-downs630 | €12,939 | €13,226 | €13,226 | €13,226 | €13,986 | ▲ 5.7% |
| Operating cash flow (approximation) | €14,717 | -€11,906 | -€17,850 | -€663 | €8,545 | ▲ 1,388% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,613 | - |
| Change in cash | - | -€148,501 | -€5,942 | €22,281 | €7,848 | ▼ 64.8% |
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
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€31,075
Net result drops to -€31,075, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Nieuwpoort · 1 establishment unit since 1999
Ground area
1,080 m²
Building footprint
1,185 m²
Volume, LiDAR
21,961 m³
Parcel 38402D0011/00G000, Flanders · tallest building 42.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Zeedijk 29, 8620 Nieuwpoort
since 19992.092.435.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0011/00G000 | Flanders | 1,080 m² | 1 · 1,185 m² | 42.3 m · 6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
3.12%
According to the 2025 annual accounts of APAC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600P68V8Z5LEB7E17
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466349571
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.