Equity
€2,000 from €138,032 in 2023
Equity fell by 99% in 2 years.
APCoding
Overview
Lifetime
5 annual accounts with figures on one time axispeak €101,538 (2025)
€101,538▲ 8.9%
peak €73,242 (2025)
€73,242▲ 4.4%
peak €138,032 (2023)
€2,000▼ 95.8%
€121,452▼ 25.3%
Board1 name since 2021
1 director
Documentsfilings and deeds
25-03-2026128 days before the deadline
2025micro format
Dividend €119,418Equity from €48,176 to €2,000Debts from €162,690 to €121,452Cash from €190,066 to €106,135
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The micro format states no turnover.
Debts
€121,452 98% of the balance sheet
Investments
€4,841 1.5 × depreciation
Green is investment, beige is depreciation.
Filings
5 annual accounts 1 late
The 2024 accounts came 6 days late. The other four were filed on time.
Position in the sector
€2,000
Less equity than 90% of companies in computer programming and consultancy. Sector median €68,850 · 22,046 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as APCoding has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for APCoding. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered office moved to Court St Etienne
New registered office: Chemin de Noirhat 2A, 1490 Court St Etienne · Board meeting of 01-04-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772824239
Incorporation
Founding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 26-08-2021 · Gazette deed
First establishment
Chemin de Noirhat 2A, Court-Saint-Etienne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APCoding Court-Saint-Etienne | €123,452 | €101,538 | 1.6% | - |
| LEMONSITO Ittre | €107,657 | €106,639 | 1.9% | - |
| NUDGE GROUP Genappe | €111,657 | €94,529 | 42.5% | - |
| ALMAXTECH Braine-l'Alleud | €115,678 | €89,764 | 52.2% | - |
| Occam Braine-le-Château | €102,259 | €105,356 | 3.3% | - |
| Aproma Brasschaat | €119,983 | €98,520 | 80.2% | - |
| Francis M Beveren-Kruibeke-Zwijndrecht | €122,296 | €106,017 | 94.7% | - |
These companies have the same main activity as APCoding: computer programming (NACE 62100). They are comparable in size and age: total assets between €102,000 and €122,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 24-08-2021Normal situation
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.320.776.9631490 Court-Saint-Etienne, since 24-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-09-2021
Annual accounts 2025
- €101,538▲ 8.9%
- €73,242▲ 4.4%
- €2,000▼ 95.8%
- €123,452▼ 41.5%
- Filing
- Filed on 25-03-2026, 128 days before the end of the filing period
Insights on APCoding
APCoding files the micro format. That format states no turnover. The gross margin rose from €19,128 in 2021 to €101,538 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-03-2026, 128 days before the deadline€101,538
▲ 8.9%
€98,009
▲ 8.8%
€73,242
▲ 4.4%
-€1,937
▼ €47,888
1.6%
▼ 21.2 percentage points
0.98
▼ 0.30
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €210,000.
Balance sheet
balance sheet total €123,452 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
1.6%
Higher than 10% of 22,039 companies in 2025.
0.98
Higher than 17% of 21,339 companies in 2025.
59.3%
Higher than 91% of 21,530 companies in 2025.
APCoding
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
123,452 | 210,867 | 157,092 | 78,004 | 21,603 | |
21/28 |
3,937 | 2,225 | 4,607 | 2,297 | 1,170 | |
22/27 |
3,937 | 2,225 | 4,607 | 2,297 | 1,170 | |
24 |
2,967 | 2,225 | 4,607 | 2,297 | 1,170 | |
26 |
969 | - | - | - | - | |
29/58 |
119,516 | 208,642 | 152,485 | 75,707 | 20,433 | |
29 |
- | 6,415 | 10,363 | 14,311 | - | |
290 |
- | 6,415 | - | - | - | |
291 |
- | - | 10,363 | 14,311 | - | |
40/41 |
12,905 | 12,161 | 812 | 10,107 | 10,784 | |
40 |
12,353 | 11,403 | - | 9,212 | 9,450 | |
41 |
553 | 758 | 812 | 896 | 1,334 | |
54/58 |
106,135 | 190,066 | 140,799 | 51,289 | 9,191 | |
490/1 |
475 | - | 511 | - | 459 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
123,452 | 210,867 | 157,092 | 78,004 | 21,603 | |
10/15 |
2,000 | 48,176 | 138,032 | 73,526 | 16,736 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
- | 46,176 | 136,032 | 71,526 | 14,736 | |
17/49 |
121,452 | 162,690 | 19,059 | 4,479 | 4,867 | |
42/48 |
121,452 | 162,690 | 19,059 | 4,479 | 4,867 | |
44 |
- | 408 | 1,139 | 2,392 | 751 | |
440/4 |
- | 408 | 1,139 | 2,392 | 751 | |
45 |
4,546 | 5,144 | 16,755 | 1,866 | 4,116 | |
450/3 |
4,546 | 3,329 | 16,755 | 166 | 4,116 | |
454/9 |
- | 1,815 | - | 1,700 | - | |
47/48 |
116,906 | 157,139 | 1,165 | 221 | - | |
| Income statement | ||||||
9900 |
101,538 | 93,201 | 86,017 | 73,264 | 19,128 | |
630 |
3,130 | 2,382 | 2,315 | 507 | 145 | |
640/8 |
400 | 745 | 505 | 432 | 54 | |
9901 |
98,009 | 90,074 | 83,196 | 72,325 | 18,928 | |
65/66B |
221 | 1,602 | 1,934 | 369 | 77 | |
65 |
221 | 1,602 | 1,934 | 369 | 77 | |
9903 |
97,788 | 88,472 | 81,262 | 71,956 | 18,852 | |
67/77 |
24,546 | 18,329 | 16,755 | 15,166 | 4,116 | |
9904 |
73,242 | 70,144 | 64,507 | 56,790 | 14,736 | |
9905 |
73,242 | 70,144 | 64,507 | 56,790 | 14,736 | |
| Appropriation of the result | ||||||
9906 |
119,418 | 206,176 | 136,032 | 71,526 | 14,736 | |
14P |
46,176 | 136,032 | 71,526 | 14,736 | - | |
694/7 |
119,418 | 160,000 | - | - | - | |
694 |
119,418 | 160,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00061496 | |
| 31-12-2024 | micro format | 06-08-2025 | 2025-00362226 | |
| 31-12-2023 | micro format | 21-07-2024 | 2024-00266833 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00217402 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20234491 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 101,138 | 92,455 | 85,511 | 72,832 | 19,074 | ||
| 76,372 | 72,525 | 66,822 | 57,297 | 14,881 | ||
| 4,841 | 0 | 4,624 | 1,634 | 1,315 | ||
| -83,931 | 49,267 | 89,510 | 42,098 | - | ||
| -1,937 | 45,951 | 133,426 | 71,228 | 15,566 | ||
| 1.6% | 22.8% | 87.9% | 94.3% | 77.5% | ||
| 0.98 | 1.28 | 8.00 | 16.90 | 4.20 | ||
| 60.73 | 3.38 | 0.14 | 0.06 | 0.29 | ||
| - | 145.6% | 46.7% | 77.2% | 88.0% | ||
| 59.3% | 33.3% | 41.1% | 72.8% | 68.2% | ||
| over 100 | 57.73 | 44.21 | over 100 | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €123,452, equity €2,000).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | €16,755 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,841 | - | €4,624 | €1,634 | €1,315 |
| €3,130 | €2,382 | €2,315 | €507 | €145 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on APCoding
The operating result for 2025 is 9% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total rises from 77.2% to 98.4%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 26-08-2021
term for the life of the company
listed in the 2025 annual accounts, filed on 25-03-2026
Mandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, appointed by deed of 26-08-2021, still in office
Control
Founder
This company
APCoding
Equity €2,000
Profit €73,242 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €20 in 2025
- Source
- deed of 26-08-2021
Articles of association
deed of 26-08-2021 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement aux actions acquises”
Shareholders
At incorporation
deed of 26-08-2021 ↗
- 100 shares (100%) · €2,000 in cash
Network & group
No group
APCoding has no parent and no holdings in its annual accounts. is the only director. APCoding shares no director with another company.
Timeline
Timeline
12 events since 2021Filings
Financial
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 128 days before the deadline
2025
Highest result from 2021 to 2025 net €73,242 ▲4.4% The operating result of €98,009 and the net result of €73,242 are both a record.
Annual accounts 2024 filed PDFmicro format · 6 days late
2024
Annual accounts 2023 filed PDFmicro format · 10 days before the deadline
2023
Equity above €100,000 equity €138,032 ▲87.7% With a profit in every financial year since 2021, equity grows to €138,032.
Annual accounts 2022 filed PDFmicro format · 27 days before the deadline
Registered office moved to Court St EtienneNew registered office: Chemin de Noirhat 2A, 1490 Court St Etienne · Board meeting of 01-04-20232 points ▸
- Board meeting, 01-04-2023
- Registered-office move, Chemin de Noirhat 2A, 1490 Court St Etienne
2022
Liquidity quadruples current ratio 16.90 The current ratio rises from 4.20 to 16.90. Short-term debt falls from €4,867 to €4,479.
Annual accounts 2021 filed PDFmicro format · 3 days before the deadline
2021
Registered in the Peppol Directory Reachable for e-invoices through 0208:0772824239
IncorporationFounding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 26-08-20215 points ▸
- Founder,
- Founding capital, €2,000, 100 shares
- Registered office clause, boulevard des Arbalétriers 9, 1400 Nivelles
- Board rule, 1
- Director appointment,
- The deed holds 4 more points.
First establishment Chemin de Noirhat 2A, Court-Saint-Etienne
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 24 August 2021, APCoding was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 In 2023 the registered office moved to Court St Etienne.3 is director of the company, appointed by deed of 26-08-2021.2 Total assets went from €21,603 in 2021 to €123,452 in 2025.4
Company details
Identity
- Enterprise number
- 0772.824.239
- VAT number
- BE 0772.824.239
- Peppol ID
- 0208:0772824239
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-08-2021
- Financial year
- ends on 31 December
- Peppol
- Reachable since 06-09-2021Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- APCoding in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-08-2021 (in French)
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Programmation informatique; Création artistique; Enregistrement sonore et édition musicale; Conseil informatique; Support informatique…”deed of 26-08-2021 (in French)
21 activities
- Programmation informatique
- Création artistique
- Enregistrement sonore et édition musicale
- Conseil informatique
- Support informatique
- Activités des intégrateurs de réseaux
- Gestion d'installations informatiques
- Autres activités informatiques
- Services d'information
- Traitement de données
- Portails Internet
- Vente à distance
- Stockage de données
- Vente d’applications
- Edition et distribution de logiciels
- Activités immobilières
- Conseil de gestion
- Formation
- Vente de matériel informatique
- Vente de jeux vidéo
- Vente de jeux de société
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chemin de Noirhat 2A registered office 1490 Court-Saint-Etienne | 24-08-2021 | 2.320.776.963 |
Buildings and parcels at the address
- Ground area
- 882 m²
- Buildings
- 188 m²
- Volume, LiDAR
- 756 m³
- Tallest building
- 5.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25023G0006/00K000 | 882 m² | 1 · 187 m² | 5.1 m · 1 |