Apers Projects
ActiveSummary
Apers Projects has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €81k and a net result of €21k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-9
Solvency39▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.21 in 2023; short-term debt: 38.5% and cash: 15.3% of total assets), but 86.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
13.8%
Return on assets
3.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 493 sector peers (2024).
NBB · sector comparisonPosition among 493 sector peers
Solvency
better than 16%
← 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 29-09-2025, 60 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
60 d late
2023
58 d late
2022
121 d late
2021
15 d late
2020
3 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, abbreviated schema
Equity
€81k▲ 34.6%
2023 · €60k
Total assets
€585k▲ 14.2%
2023 · €512k
Net result
€21k▼ 26.6%
2023 · €28k
Working capital
€337k▲ 24.9%
2023 · €270k
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€-152k€118k€28k▼ 76.4%€57k▲ 105%€57k▲ 0.4%
Net result€-149k€91k€7k▼ 92.9%€28k▲ 334%€21k▼ 26.6%
Equity€-66k€25k€32k▲ 25.8%€60k▲ 89.0%€81k▲ 34.6%
Total assets€369k▲ 36.8%€402k▲ 9.0%€422k▲ 4.9%€512k▲ 21.5%€585k▲ 14.2%
Debt€435k▲ 133%€377k▼ 13.4%€390k▲ 3.5%€452k▲ 16.0%€505k▲ 11.5%
Working capital€-157k€200k€239k▲ 19.4%€270k▲ 13.0%€337k▲ 24.9%
Staff (FTE)22=1.3▼ 35.0%1.1▼ 15.4%1▼ 9.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €585k
Fixed assets
€23k ▲ 15.7%
Current assets
€562k ▲ 14.2%
Equity and liabilities €585k
Equity
€81k ▲ 34.6%
Debt
€505k ▲ 11.5%
Debt's share of the balance-sheet total falls from 88.3% to 86.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2023 · €67k
Cash flow
€29k▼
2023 · €38k
Current ratio
2.50▲
2023 · 2.21
Quick ratio
2.46▲
2023 · 2.21
Debt to equity
6.25▼
2023 · 7.55
ROE
25.7%▼
2023 · 47.1%
ROA
3.5%▼
2023 · 5.5%
Interest coverage
2.59▼
2023 · 3.35
Debt ≤ 1 year
€225k▲
2023 · €222k
Debt > 1 year
€279k▲
2023 · €229k
Income taxes
€15k▲
2023 · €13k
Staff costs
€54k▼
2023 · €57k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €36k | €47k | €57k | €54k | ▼ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €17k | €12k | €10k | €9k | ▼ 9.5% |
| Other operating charges640/8 | - | €19k | €2k | €8k | €3k | ▼ 64.3% |
| Gross operating margin9900 | €-15k | €191k | €88k | €132k | €122k | ▼ 7.1% |
| Operating profit (loss)9901 | €-152k | €118k | €28k | €57k | €57k | ▲ 0.4% |
| Financial income75/76B | - | €2k | €4k | €4k | €4k | ▲ 1.1% |
| Recurring financial income75 | €6k | €2k | €4k | €4k | €4k | ▲ 1.1% |
| Financial charges65/66B | - | €17k | €24k | €20k | €26k | ▲ 27.8% |
| Recurring financial charges65 | €4k | €17k | €24k | €20k | €26k | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €-149k | €103k | €8k | €41k | €36k | ▼ 12.8% |
| Income taxes67/77 | - | €12k | €1k | €13k | €15k | ▲ 17.5% |
| Profit (loss) for the period9904 | €-149k | €91k | €7k | €28k | €21k | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €-149k | €91k | €7k | €28k | €21k | ▼ 26.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369k | €402k | €422k | €512k | €585k | ▲ 14.2% |
| Fixed assets21/28 | €133k | €25k | €22k | €20k | €23k | ▲ 15.7% |
| Tangible fixed assets22/27 | €122k | €25k | €22k | €20k | €23k | ▲ 15.7% |
| Plant, machinery and equipment23 | - | €4k | €10k | €9k | €16k | ▲ 78.1% |
| Furniture and vehicles24 | - | €21k | €13k | €11k | €8k | ▼ 33.3% |
| Financial fixed assets28 | €11k | - | - | - | - | - |
| Current assets29/58 | €235k | €377k | €399k | €492k | €562k | ▲ 14.2% |
| Stocks and contracts in progress3 | - | - | - | - | €8k | - |
| Stocks30/36 | - | - | - | - | €8k | - |
| Amounts receivable within one year40/41 | €228k | €347k | €243k | €405k | €460k | ▲ 13.5% |
| Trade receivables40 | - | €208k | €145k | €271k | €327k | ▲ 21.0% |
| Other amounts receivable41 | - | €139k | €98k | €135k | €132k | ▼ 1.6% |
| Cash at bank and in hand54/58 | - | €24k | €150k | €82k | €90k | ▲ 9.6% |
| Deferred charges and accrued income490/1 | - | €6k | €5k | €5k | €4k | ▼ 16.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369k | €402k | €422k | €512k | €585k | ▲ 14.2% |
| Equity10/15 | €-66k | €25k | €32k | €60k | €81k | ▲ 34.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €358 | €358 | €358 | €358 | €41k | ▲ 11,265% |
| Non-distributable reserves130/1 | - | €358 | €358 | - | - | - |
| Reserves not available under the articles1311 | - | €358 | €358 | - | - | - |
| Distributable reserves133 | - | - | - | €358 | €41k | ▲ 11,265% |
| Profit (loss) carried forward14 | €-85k | €6k | €13k | €41k | €21k | ▼ 47.9% |
| Amounts payable17/49 | €435k | €377k | €390k | €452k | €505k | ▲ 11.5% |
| Amounts payable after more than one year17 | €42k | €199k | €229k | €229k | €279k | ▲ 21.8% |
| Other amounts payable178/9 | - | €199k | €229k | €229k | €279k | ▲ 21.8% |
| Amounts payable within one year42/48 | €393k | €177k | €160k | €222k | €225k | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €42k | - | - | - | - |
| Trade debts44 | €319k | €111k | €146k | €216k | €210k | ▼ 2.7% |
| Suppliers440/4 | - | €111k | €146k | €216k | €210k | ▼ 2.7% |
| Taxes, remuneration and social security45 | - | €15k | €14k | €6k | €14k | ▲ 149% |
| Taxes450/3 | - | €10k | €11k | €4k | €13k | ▲ 196% |
| Remuneration and social security454/9 | - | €5k | €3k | €1k | €2k | ▲ 17.5% |
| Other amounts payable47/48 | - | €10k | €500 | €500 | €500 | = |
| Accrued charges and deferred income492/3 | - | - | - | €500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-149k | €91k | €7k | €28k | €21k | ▼ 26.6% |
| + Depreciation and write-downs630 | €30k | €17k | €12k | €10k | €9k | ▼ 9.5% |
| Operating cash flow (approximation) | €-119k | €108k | €19k | €38k | €29k | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €91k | €-10k | €-7k | €-12k | ▼ 62.8% |
| Change in cash | - | - | €126k | €-69k | €8k | ▲ 111% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.13
Current ratio from 0.60 to 2.13; short-term debt falls from €393k to €177k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-149k
Net result drops to €-149k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Oosterzele · 1 establishment unit since 2010
Ground area
1,616 m²
Building footprint
261 m²
Volume, LiDAR
1,583 m³
Parcel 44052C0355/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Apers-Projects BV
since 20102.186.947.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0355/00G000 | Flanders | 1,616 m² | 1 · 261 m² | 8.9 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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesApers Projects BV#10092
Apers Projects BV39990
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
81300Landscape service activities
43120Site preparation
71111Activities of building architects
71113Urban planning and landscape architecture
Contact
Scores and ratios are computed by Checked and are not a credit decision.