APCO Projects
ActiveAPCO Projects has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €723. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 7031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+65
Solvency80▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.89 in 2024; short-term debt: 45% and cash: 75% of total assets), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 10 filingsDeviation from the deadline
2025
46 d late
2024
114 d early
2023
54 d early
2022
52 d early
2021
52 d early
2020
29 d early
2019
7 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▲ 12.8%
2024 · €6k
2018: €2k
2019: €10k
2020: €8k
2021: €8k
2022: €8k
2023: €7k
2024: €6k
2018 → 2025
Total assets
€12k▼ 3.6%
2024 · €12k
2018: €11k
2019: €19k
2020: €16k
2021: €17k
2022: €15k
2023: €13k
2024: €12k
2018 → 2025
Net result
€723
2024 · €-1k
2018: €1k
2019: €7k
2020: €-2k
2021: €770
2022: €-640
2023: €-852
2024: €-1k
2018 → 2025
Working capital
€3k▼ 38.4%
2024 · €6k
2018: €2k
2019: €9k
2020: €7k
2021: €7k
2022: €7k
2023: €7k
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€8k▼ 7.6%€7k▼ 11.0%€6k▼ 18.0%€6k▲ 12.8%
Operating result€3k-€398▼ 86.3%€127▼ 68.1%€-341€2k
Net result€770-€-640€-852▼ 33.1%€-1k▼ 46.4%€723
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €341 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12k
Fixed assets
€3k
Current assets
€9k
Equity and liabilities €12k
Equity
€6k▲ 12.8%
Debt
€5k▼ 18.1%
The debt ratio falls from 53.0% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k
Cash flow
€4k
Solvency
55.0%▲
2024 · 47.0%
Current ratio
1.67▼
2024 · 1.89
Quick ratio
1.67▼
2024 · 1.89
Debt / equity
0.82▼
2024 · 1.13
ROE
11.3%▲
2024 · -22.0%
ROA
6.2%▲
2024 · -10.3%
Interest coverage
29.40
Debt
€5k▼
2024 · €6k
Debt ≤ 1 year
€5k▼
2024 · €6k
Income taxes
€1k▲
2024 · €672
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€12k€12k▼
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€12k€9k▼
Cash at bank and in hand54/58€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€12k€12k▼
Equity10/15€6k€6k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-15k€-14k▲
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Trade debts44€182-
Suppliers440/4€182-
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€387€465▲
Gross operating margin9900€46€6k▲
Operating profit (loss)9901€-341€2k▲
Financial charges65/66B€234€177▼
Recurring financial charges65€234€177▼
Profit (loss) for the period before taxes9903€-575€2k▲
Income taxes67/77€672€1k▲
Profit (loss) for the period9904€-1k€723▲
Profit (loss) for the period to be appropriated9905€-1k€723▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-14k▲
Profit (loss) brought forward from the previous period14P€-13k€-15k▼
The notes to these accounts (7 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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Back to profitnet €723
Net result €723 after 3 loss-making years.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €770
Net result €770 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k ▼128%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €7k ▲443%
Operating result €8k, net result €7k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tremelo · 1 establishment unit since 1991
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.
Moorsemsestraat 483128 TremeloGround area
3,921 m²
Building footprint
258 m²
Volume, LiDAR
1,554 m³
Parcel 24006D0413/00_000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moorsemsestraat 48, 3128 Tremelo
since 19912.051.024.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006D0413/00_000 | Flanders | 3,921 m² | 1 · 258 m² | 9.2 m · 2 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.
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-1990
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.