APC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of APC CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €592,746 and a net result of €212,316. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 28374 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+32
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.1 against 3.65 in 2024; short-term debt: 24.4% and cash: 1.2% of total assets), and 24.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.6%
Return on assets
27.1%
Age of the figures
9 mo
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 12-07-2026, 19 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
19 d early
2024
28 d late
2023
61 d late
2022
60 d late
2021
60 d late
2020
198 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after 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 (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 29 September (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 company by equity in Pont-à-Celles, Construction sector#3 company by total assets in Pont-à-Celles, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€212,316
2024 · -€1,089
Working capital
€592,383▲ 64.1%
2024 · €361,051
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€190,927▲ 118%€289,656▲ 51.7%€145,783▼ 49.7%€17,282▼ 88.1%€279,583▲ 1,518%
Net result€143,288above the sector's middle half▲ 87.3%€231,085above the sector's middle half▲ 61.3%€122,206within the sector's middle half▼ 47.1%-€1,089below the sector's middle half€212,316above the sector's middle half
Equity€181,799above the sector's middle half▲ 372%€362,884above the sector's middle half▲ 99.6%€381,519within the sector's middle half▲ 5.1%€380,430within the sector's middle half▼ 0.3%€592,746above the sector's middle half▲ 55.8%
Total assets€484,256above the sector's middle half▲ 394%€664,554above the sector's middle half▲ 37.2%€672,133within the sector's middle half▲ 1.1%€516,818within the sector's middle half▼ 23.1%€783,555above the sector's middle half▲ 51.6%
Debt€302,457▲ 409%€301,670▼ 0.3%€290,614▼ 3.7%€136,387▼ 53.1%€190,809▲ 39.9%
Working capital€119,893above the sector's middle half▲ 267%€280,405above the sector's middle half▲ 134%€323,608within the sector's middle half▲ 15.4%€361,051within the sector's middle half▲ 11.6%€592,383above the sector's middle half▲ 64.1%
Solvency37.5%within the sector's middle half▼ 1.8pp54.6%within the sector's middle half▲ 17.1pp56.8%within the sector's middle half▲ 2.2pp73.6%above the sector's middle half▲ 16.8pp75.6%above the sector's middle half▲ 2.0pp
Current ratio1.40within the sector's middle half▼ 0.151.93within the sector's middle half▲ 0.532.11within the sector's middle half▲ 0.183.65above the sector's middle half▲ 1.534.10above the sector's middle half▲ 0.46
Return on assets (ROA)29.6%above the sector's middle half▼ 48.5pp34.8%above the sector's middle half▲ 5.2pp18.2%above the sector's middle half▼ 16.6pp-0.2%below the sector's middle half▼ 18.4pp27.1%above the sector's middle half▲ 27.3pp
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,518% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783,555
Fixed assets
€363 ▼ 98.1%
Current assets
€783,192 ▲ 57.4%
Equity and liabilities €783,555
Equity
€592,746 ▲ 55.8%
Debt
€190,809 ▲ 39.9%
Debt's share of the balance-sheet total falls from 26.4% to 24.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€294,769▲
2024 · €52,814
Cash flow
€227,501▲
2024 · €34,443
Debt to equity
0.32▼
2024 · 0.36
ROE
35.8%▲
2024 · -0.3%
Interest coverage
309.41▲
2024 · 13.73
Debt ≤ 1 year
€190,809▲
2024 · €136,387
Income taxes
€66,315▲
2024 · €14,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,238 | €30,616 | €42,568 | €35,531 | €15,186 | ▼ 57.3% |
| Other operating charges640/8 | €1,691 | €9,340 | €8,072 | €13,676 | €21,593 | ▲ 57.9% |
| Non-recurring operating charges66A | - | - | - | €121,285 | - | - |
| Gross operating margin9900 | €202,856 | €329,612 | €196,423 | €187,774 | €316,362 | ▲ 68.5% |
| Operating profit (loss)9901 | €190,927 | €289,656 | €145,783 | €17,282 | €279,583 | ▲ 1,518% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €216 | €312 | €410 | €3,846 | €953 | ▼ 75.2% |
| Recurring financial charges65 | €216 | €312 | €410 | €3,846 | €953 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €190,712 | €289,344 | €145,372 | €13,436 | €278,631 | ▲ 1,974% |
| Income taxes67/77 | €47,424 | €58,259 | €23,166 | €14,525 | €66,315 | ▲ 357% |
| Profit (loss) for the period9904 | €143,288 | €231,085 | €122,206 | -€1,089 | €212,316 | ▲ 19,603% |
| Profit (loss) for the period to be appropriated9905 | €143,288 | €231,085 | €122,206 | -€1,089 | €212,316 | ▲ 19,603% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484,256 | €664,554 | €672,133 | €516,818 | €783,555 | ▲ 51.6% |
| Fixed assets21/28 | €61,907 | €82,479 | €57,911 | €19,380 | €363 | ▼ 98.1% |
| Tangible fixed assets22/27 | €61,907 | €82,479 | €57,911 | €19,380 | €363 | ▼ 98.1% |
| Furniture and vehicles24 | €61,907 | €82,479 | €57,911 | €19,380 | €363 | ▼ 98.1% |
| Current assets29/58 | €422,350 | €582,075 | €614,222 | €497,438 | €783,192 | ▲ 57.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €560,000 | - |
| Trade receivables290 | - | - | - | - | €560,000 | - |
| Amounts receivable within one year40/41 | €353,444 | €403,300 | €572,336 | €395,147 | €213,509 | ▼ 46.0% |
| Trade receivables40 | €184,977 | €10,065 | €34,861 | €186,089 | €67,028 | ▼ 64.0% |
| Other amounts receivable41 | €168,466 | €393,235 | €537,475 | €209,058 | €146,481 | ▼ 29.9% |
| Cash at bank and in hand54/58 | €68,906 | €178,775 | €38,490 | €99,286 | €9,683 | ▼ 90.2% |
| Deferred charges and accrued income490/1 | - | - | €3,397 | €3,005 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484,256 | €664,554 | €672,133 | €516,818 | €783,555 | ▲ 51.6% |
| Equity10/15 | €181,799 | €362,884 | €381,519 | €380,430 | €592,746 | ▲ 55.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | €2,000 | €2,000 | €2,000 | - | - |
| Other1109/19 | €2,000 | €2,000 | €2,000 | €2,000 | - | - |
| Profit (loss) carried forward14 | €179,799 | €360,884 | €379,519 | €378,430 | €590,746 | ▲ 56.1% |
| Amounts payable17/49 | €302,457 | €301,670 | €290,614 | €136,387 | €190,809 | ▲ 39.9% |
| Amounts payable within one year42/48 | €302,457 | €301,670 | €290,614 | €136,387 | €190,809 | ▲ 39.9% |
| Trade debts44 | €233,905 | €100,633 | €102,162 | €121,862 | €31,999 | ▼ 73.7% |
| Suppliers440/4 | €233,905 | €100,633 | €102,162 | €121,862 | €31,999 | ▼ 73.7% |
| Advances received on contracts in progress46 | - | €46,898 | - | - | €77,970 | - |
| Taxes, remuneration and social security45 | €68,552 | €104,138 | €84,880 | €14,526 | €80,840 | ▲ 457% |
| Taxes450/3 | €68,552 | €104,138 | €84,880 | €14,526 | €80,840 | ▲ 457% |
| Other amounts payable47/48 | - | €50,000 | €103,571 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,288 | €231,085 | €122,206 | -€1,089 | €212,316 | ▲ 19,603% |
| + Depreciation and write-downs630 | €10,238 | €30,616 | €42,568 | €35,531 | €15,186 | ▼ 57.3% |
| Operating cash flow (approximation) | €153,525 | €261,701 | €164,774 | €34,443 | €227,501 | ▲ 561% |
| Investment in fixed assets (approximation) | - | -€51,188 | -€18,000 | €3,000 | €3,831 | ▲ 27.7% |
| Change in cash | - | €109,869 | -€140,285 | €60,796 | -€89,603 | ▼ 247% |
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
15-07
State Gazette act
Resignation: Gurzun Neculai (director)Share transfer · Shareholding10 facts ▸
State Gazette act
Resignation: Gurzun Neculai (director)
Share transfer · Shareholding10 facts ▸
- General meeting, 01-06-2026
- Share transfer, Gurzun Neculai → Petraru Alin-Ciprian
- Share transfer, Petraru Alin-Ciprian → Gurzun Neculai
- Shareholding, 01-04-2025, 500
- Shareholding, 01-04-2025, 1100
- Shareholding, 01-04-2025, 200
- Shareholding, 01-04-2025, 200
- Shareholding, 01-06-2026, 1800
- Shareholding, 01-06-2026, 200
- Director resignation, Gurzun Neculai (director)
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €212,316
Net result €212,316 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €592,746 ▲55.8%
Equity rises from €380,430 to €592,746.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€1,089
Net result drops to -€1,089, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2020net €231,085 ▲61.3%
Operating result €289,656, net result €231,085, both a record.
31-12
Financial
Equity above €200,000Eq €362,884 ▲99.6%
3 profitable years in a row build equity to €362,884.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 198 days late
2021
31-12
Financial
Equity above €150,000Eq €181,799 ▲372%
2 profitable years in a row build equity to €181,799.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Pont-à-Celles · 1 establishment unit since 2020
Ground area
2,042 m²
Building footprint
170 m²
Volume, LiDAR
2,137 m³
Parcel 52055B0258/00P000, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Camille Thirionet(PAC) 3, 6230 Pont-à-Celles
since 20202.342.487.345
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52055B0258/00P000 | Wallonia | 2,042 m² | 1 · 170 m² | 15.0 m · 4 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gurzun Neculai |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 15-07-2026 ↗
- Gurzun Neculai 500 shares
- Petraru Alin-Ciprian 1,100 shares
- Farcas Claudiu 200 shares
- Balteanu Gabriel 200 shares
Share transfer
act of 15-07-2026 ↗
- Gurzun Neculai to Petraru Alin-Ciprian 500 shares
- Petraru Alin-Ciprian to Gurzun Neculai
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 4,251 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
Founded08-09-2020
Fiscal year end31-12
Legal name FR
APC CONSTRUCT SRL
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753822335
Also
9925:BE0753822335
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.