APEC
ActiveSummary
The computed 12-month bankruptcy probability of APEC is 1.7% (moderate). The 2025 annual accounts show negative equity (-€72,493) and a net result of -€4,319. Equity is shrinking by ~4.9% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,870 | €26,841 | €28,107 | €28,226 | €27,502 | ▼ 2.6% |
| Other operating charges640/8 | - | €2,812 | €3,429 | €3,591 | €3,694 | ▲ 2.9% |
| Gross operating margin9900 | €26,333 | €24,846 | €30,155 | €28,632 | €27,560 | ▼ 3.7% |
| Operating profit (loss)9901 | -€2,629 | -€4,806 | -€1,381 | -€3,185 | -€3,636 | ▼ 14.1% |
| Financial charges65/66B | - | €269 | €900 | €769 | €684 | ▼ 11.1% |
| Recurring financial charges65 | €165 | €269 | €900 | €769 | €684 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | -€2,794 | -€5,075 | -€2,281 | -€3,954 | -€4,319 | ▼ 9.2% |
| Profit (loss) for the period9904 | -€2,794 | -€5,075 | -€2,281 | -€3,954 | -€4,319 | ▼ 9.2% |
| Profit (loss) for the period to be appropriated9905 | -€2,794 | -€5,075 | -€2,281 | -€3,954 | -€4,319 | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,583 | €286,525 | €282,436 | €245,746 | €221,596 | ▼ 9.8% |
| Fixed assets21/28 | €294,840 | €269,499 | €260,514 | €232,287 | €206,905 | ▼ 10.9% |
| Tangible fixed assets22/27 | €294,840 | €269,499 | €260,514 | €232,287 | €206,905 | ▼ 10.9% |
| Land and buildings22 | - | €263,337 | €256,112 | €229,645 | €206,023 | ▼ 10.3% |
| Plant, machinery and equipment23 | - | €6,162 | €4,402 | €2,642 | €882 | ▼ 66.6% |
| Current assets29/58 | €9,743 | €17,026 | €21,922 | €13,459 | €14,690 | ▲ 9.1% |
| Amounts receivable within one year40/41 | - | €850 | - | - | - | - |
| Trade receivables40 | - | €850 | - | - | - | - |
| Cash at bank and in hand54/58 | €9,743 | €16,176 | €21,922 | €13,122 | €14,511 | ▲ 10.6% |
| Deferred charges and accrued income490/1 | - | - | - | €337 | €180 | ▼ 46.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,583 | €286,525 | €282,436 | €245,746 | €221,596 | ▼ 9.8% |
| Equity10/15 | -€56,863 | -€61,938 | -€64,220 | -€68,174 | -€72,493 | ▼ 6.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€118,863 | -€123,938 | -€126,220 | -€130,174 | -€134,493 | ▼ 3.3% |
| Amounts payable17/49 | €361,446 | €348,463 | €346,656 | €313,920 | €294,089 | ▼ 6.3% |
| Amounts payable after more than one year17 | - | - | €15,442 | €13,042 | €10,601 | ▼ 18.7% |
| Financial debts170/4 | - | - | €15,442 | €13,042 | €10,601 | ▼ 18.7% |
| Amounts payable within one year42/48 | €361,446 | €348,463 | €331,214 | €300,879 | €283,488 | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | €2,313 | €2,400 | €2,457 | ▲ 2.4% |
| Trade debts44 | €610 | €627 | €1,065 | €643 | €2,253 | ▲ 251% |
| Suppliers440/4 | - | €627 | €1,065 | €643 | €2,253 | ▲ 251% |
| Other amounts payable47/48 | - | €347,836 | €327,836 | €297,836 | €278,778 | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,794 | -€5,075 | -€2,281 | -€3,954 | -€4,319 | ▼ 9.2% |
| + Depreciation and write-downs630 | €25,870 | €26,841 | €28,107 | €28,226 | €27,502 | ▼ 2.6% |
| Operating cash flow (approximation) | €23,076 | €21,766 | €25,826 | €24,272 | €23,183 | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | -€1,500 | -€19,122 | €0 | -€2,120 | - |
| Change in cash | - | €6,433 | €5,746 | -€8,800 | €1,389 | ▲ 116% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0061/00E014 | Brussels | 230 m² | 1 · 78 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.