APCYS
ActiveSummary
APCYS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-18k) and a net result of €7k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+49
Solvency11▼-1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.92 in 2023; short-term debt: 61.2% and cash: 4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-13.7%
Return on assets
5.3%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
58 d late
2022
52 d late
2021
30 d late
2020
19 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-18k▲ 27.8%
2023 · €-25k
Total assets
€131k▼ 31.3%
2023 · €191k
Net result
€7k
2023 · €-20k
Working capital
€-14k▼ 75.6%
2023 · €-8k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-2k▲ 42.9%€14k€26k▲ 82.5%€-12k€13k
Net result€-6k▼ 23.5%€13k€17k▲ 26.8%€-20k€7k
Equity€-35k▼ 22.2%€-22k▲ 37.8%€-5k▲ 77.1%€-25k▼ 404%€-18k▲ 27.8%
Total assets€27k▲ 110%€16k▼ 39.7%€190k▲ 1,057%€191k▲ 0.7%€131k▼ 31.3%
Debt€62k▲ 49.6%€38k▼ 38.6%€195k▲ 412%€216k▲ 10.9%€149k▼ 30.9%
Working capital€-41k▼ 21.6%€-28k▲ 31.6%€-6k▲ 78.0%€-8k▼ 33.2%€-14k▼ 75.6%
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 2024: €13k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€65k ▼ 32.6%
Current assets
€66k ▼ 30.0%
Key figures and ratios
EBITDA
€45k▲
2023 · €20k
Cash flow
€39k▲
2023 · €12k
Solvency
-13.7%▼
2023 · -13.0%
Current ratio
0.82▼
2023 · 0.92
Debt to equity
-8.29▲
2023 · -8.67
ROA
5.3%▲
2023 · -10.5%
Interest coverage
7.08▲
2023 · 2.50
Debt ≤ 1 year
€80k▼
2023 · €103k
Debt > 1 year
€68k▼
2023 · €109k
Income taxes
€128▼
2023 · €130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €4k | €33k | €32k | €32k | = |
| Other operating charges640/8 | - | €2k | €7k | €6k | €3k | ▼ 56.6% |
| Non-recurring operating charges66A | - | - | - | - | €22 | - |
| Gross operating margin9900 | €7k | €20k | €65k | €25k | €48k | ▲ 87.3% |
| Operating profit (loss)9901 | €-2k | €14k | €26k | €-12k | €13k | ▲ 212% |
| Financial income75/76B | - | €3 | - | - | - | - |
| Recurring financial income75 | - | €3 | - | - | - | - |
| Financial charges65/66B | - | €941 | €6k | €8k | €6k | ▼ 18.9% |
| Recurring financial charges65 | €3k | €941 | €6k | €8k | €6k | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €-6k | €13k | €20k | €-20k | €7k | ▲ 135% |
| Income taxes67/77 | €214 | €230 | €3k | €130 | €128 | ▼ 1.3% |
| Profit (loss) for the period9904 | €-6k | €13k | €17k | €-20k | €7k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €13k | €17k | €-20k | €7k | ▲ 135% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €16k | €190k | €191k | €131k | ▼ 31.3% |
| Fixed assets21/28 | €14k | €9k | €128k | €97k | €65k | ▼ 32.6% |
| Intangible fixed assets21 | - | - | €122k | €92k | €62k | ▼ 32.6% |
| Tangible fixed assets22/27 | €13k | €8k | €5k | €4k | €2k | ▼ 43.0% |
| Plant, machinery and equipment23 | - | - | €0 | €0 | - | - |
| Furniture and vehicles24 | - | €8k | €5k | €3k | €2k | ▼ 48.2% |
| Other tangible fixed assets26 | - | €400 | €400 | €400 | €400 | = |
| Financial fixed assets28 | €500 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €13k | €7k | €62k | €94k | €66k | ▼ 30.0% |
| Amounts receivable within one year40/41 | €7k | €5k | €55k | €89k | €60k | ▼ 32.9% |
| Trade receivables40 | - | €3k | €32k | €59k | €16k | ▼ 73.4% |
| Other amounts receivable41 | - | €2k | €23k | €30k | €44k | ▲ 46.2% |
| Cash at bank and in hand54/58 | €5k | €2k | €5k | €4k | €5k | ▲ 19.6% |
| Deferred charges and accrued income490/1 | - | €568 | €906 | €887 | €1k | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €16k | €190k | €191k | €131k | ▼ 31.3% |
| Equity10/15 | €-35k | €-22k | €-5k | €-25k | €-18k | ▲ 27.8% |
| Contributions10/11 | - | €6k | €7k | €7k | €7k | = |
| Reserves13 | €51k | €51k | €50k | €50k | €50k | = |
| Non-distributable reserves130/1 | - | €1k | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | - | - | - | - |
| Distributable reserves133 | - | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-92k | €-79k | €-62k | €-82k | €-75k | ▲ 8.4% |
| Amounts payable17/49 | €62k | €38k | €195k | €216k | €149k | ▼ 30.9% |
| Amounts payable after more than one year17 | €7k | €2k | €124k | €109k | €68k | ▼ 37.2% |
| Financial debts170/4 | - | €2k | €49k | €34k | €68k | ▲ 103% |
| Other amounts payable178/9 | - | - | €75k | €75k | - | - |
| Amounts payable within one year42/48 | €54k | €35k | €68k | €103k | €80k | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | - | €5k | €17k | €15k | €29k | ▲ 96.6% |
| Financial debts43 | - | €2k | - | - | - | - |
| Credit institutions430/8 | - | €2k | - | - | - | - |
| Trade debts44 | €30k | €21k | €39k | €70k | €44k | ▼ 37.4% |
| Suppliers440/4 | - | €21k | €39k | €70k | €44k | ▼ 37.4% |
| Taxes, remuneration and social security45 | - | €6k | €10k | €18k | €7k | ▼ 58.6% |
| Taxes450/3 | - | €6k | €10k | €18k | €7k | ▼ 58.6% |
| Other amounts payable47/48 | - | €626 | €2k | - | €6 | - |
| Accrued charges and deferred income492/3 | - | €657 | €4k | €5k | €666 | ▼ 86.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €13k | €17k | €-20k | €7k | ▲ 135% |
| + Depreciation and write-downs630 | €6k | €4k | €33k | €32k | €32k | = |
| Operating cash flow (approximation) | €-636 | €17k | €49k | €12k | €39k | ▲ 232% |
| Investment in fixed assets (approximation) | - | €1k | €-152k | €0 | €0 | - |
| Change in cash | - | €-4k | €4k | €-815 | €857 | ▲ 205% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Highest result since 2018net €17k ▲26.8%
Operating result €26k, net result €17k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Wavre · 1 establishment unit since 2006
Ground area
3,110 m²
Building footprint
214 m²
Volume, LiDAR
1,130 m³
Parcel 25006B0248/00V000, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue d'Angoussart 78, 1301 Wavre
since 20062.156.965.343
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0248/00V000 | Wallonia | 3,110 m² | 1 · 214 m² | 6.9 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.
Similar companies · same sector and region
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DESTOC S
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I-DYLE CONSTRUCT
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.