Debts
€504,563 86% of the balance sheet
Suppliers 42%Taxes and wages 3%Other 55%
Of this, €225,119 falls due within a year.
Apers Projects
Lifetime
14 annual accounts with figures on one time axispeak €190,677 (2021)
€122,395▼ 7.1%
lowest -€149,206 (2020)
€20,728▼ 26.6%
peak €83,236 (2019)
€80,677▲ 34.6%
€504,563▲ 11.5%
peak 2 FTE (2020)
1 FTE▼ 9.1%
Board2 names since 2020
2 directorsSMART A.C. and 1 other
Owners2 names in the annual accounts
40.32%GLOBAL INVEST INSURANCE and 1 other
Documentsfilings and deeds
29-09-202560 days late
2024abbreviated format
Result from €28,225 to €20,728Staff from 1.1 FTE to 1 FTEEquity from €59,950 to €80,677
Key points
from the 2024 annual accountsFilings
14 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
13.8%
Lower solvency than 83% of companies in civil engineering. Sector median 41.4% · 490 companies.
Checked score
55
Fair
Financially stronger than 42% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.3 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 1.7%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.6%▼ -1.1 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026lowest value
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.3 percentage points vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026
10-2026: 1.4%▲ +0.3 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 01-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 3 of the last 3 accounts late
lowers risk
Founded in 2010
Liquidity: current ratio 2.50, cash €89,654
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 18% of them on solvency, 52% on liquidity, 24% on profitability and 74% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as Apers Projects has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Apers Projects itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,508 companies, not a prediction for Apers Projects. 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 verdict
Credit of up to €4,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.5 (2.21 in 2023), above the usual 1.5. Short-term debt is 38.5% and cash 15.3% of total assets. However, 86.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 490 sector peers (2024).
NBB · sector comparisonPosition among 490 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 60 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
60 days late
2023
58 days late
2022
121 days late
2021
15 days late
2020
3 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 37 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- GLOBAL INVEST INSURANCE 40.32%score 94equity €3.1m (2025) · 2025 annual accounts of GLOBAL INVEST INSURANCE
- SMART A.C. 9.68%equity €1.1m (2025) · 2025 annual accounts of SMART A.C.
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0824768828
Appointment: Smart AC NV (director)
Permanent representative: Vanneste Piet · General meeting of 15-12-2020 · Gazette deed
Registered office moved from Hofstade to Oosterzele
New registered office: Hoek Ter Hulst 1a, 9860 Oosterzele · Previous registered office: Steenweg op Dendermonde 116, 9308 Hofstade · General meeting of 30-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Apers Projects Oosterzele | €585,240 | €122,395 | 13.8% | 1 |
| SCHOLS BOUW Dilsen-Stokkem | €567,454 | €158,706 | 23.7% | 1 |
| VAN BUGGENHOUT GEBROEDERS Willebroek | €549,905 | €86,252 | 80.6% | 1.7 |
| Caethoven Wegenbouw Vosselaar | €584,656 | €63,311 | 14.6% | 1 |
| SIMATEC Arlon | €826,363 | €231,482 | 32.9% | 1 |
| DEX BESTRATINGEN Malle | €873,232 | €138,341 | 61.8% | 0.2 |
| Van Den Putte aannemingen Lille | €655,262 | €258,514 | 66.8% | 1.4 |
These companies have the same main activity as Apers Projects: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €550,000 and €873,000, founded between 2002 and 2012.
Official details
Source: KBO- Status
- Active since 08-04-2010Normal situation
- Activity
- Construction of roads and motorwaysNACE 42110and 4 others
- Joint committees
- 124Construction
- 145Horticulture
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.186.947.2519860 Oosterzele, since 06-04-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 12-06-2024
Annual accounts 2024
- ≈ €310,000estimated
- €585,240▲ 14.2%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 29-09-2025
Insights on Apers Projects
Apers Projects files the abbreviated format. That format states no turnover. The gross margin rose from €20,698 in 2011 to €122,395 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Apers Projects
- What is the company number of Apers Projects?
- The company number of Apers Projects is 0824.768.828. The VAT number is the same number with BE in front: BE 0824.768.828.
- Where is Apers Projects based?
- The registered office is at Hoek ter Hulst 1a, 9860 Oosterzele.Company details
- What does Apers Projects do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of Apers Projects?
- Apers Projects is a private limited company (BV).
- When was Apers Projects founded?
- Apers Projects was founded on 08-04-2010.
- Is Apers Projects still active?
- Yes, Apers Projects is an active enterprise in the KBO register.
- How many employees does Apers Projects have?
- Apers Projects had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Apers Projects fall under?
- In its 2023 annual accounts, Apers Projects states joint committees 124 (Construction), 145 (Horticulture) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Apers Projects?
- The turnover in financial year 2024 is ≈ €310,000. This figure is estimated from the gross margin of €122,395 and 1,649 comparable companies of the same size. It probably lies between €190,000 and €580,000. It is a rough estimate.
- Is Apers Projects profitable?
- In financial year 2024, Apers Projects made a profit of €20,728.
- Where can I find the annual accounts of Apers Projects?
- Apers Projects filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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