Apex Construct
ActiveSummary
The computed 12-month bankruptcy probability of Apex Construct is 1.8% (moderate). The 2025 annual accounts show equity of €6,241 and a net result of €5,241. Its solvency ranks better than 14% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €6,241
- Profit
- €5,241
Why 54raises riskFounded in 20241 change of registered office in 24 monthslowers riskLiquidity: current ratio 0.84, cash €32,122Figures for financial year 2025 (filed 08-07-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 14% on solvency, 65% on liquidity and 57% on profitability.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- IncorporationAppointment: CAUWENBERGHS KEVIN (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,157 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,359 |
| Other operating charges640/8 | €1,412 |
| Gross operating margin9900 | €24,472 |
| Operating profit (loss)9901 | €10,702 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €2,635 |
| Recurring financial charges65 | €2,635 |
| Profit (loss) for the period before taxes9903 | €8,067 |
| Income taxes67/77 | €2,826 |
| Profit (loss) for the period9904 | €5,241 |
| Profit (loss) for the period to be appropriated9905 | €5,241 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €65,955 | |
| Fixed assets21/28 | €30,422 | |
| Tangible fixed assets22/27 | €30,422 | |
| Plant, machinery and equipment23 | €2,821 | |
| Furniture and vehicles24 | €27,601 | |
| Current assets29/58 | €35,533 | |
| Amounts receivable within one year40/41 | €1,696 | |
| Trade receivables40 | €1,696 | |
| Cash at bank and in hand54/58 | €32,122 | |
| Deferred charges and accrued income490/1 | €1,716 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €65,955 | |
| Equity10/15 | €6,241 | |
| Contributions10/11 | €1,000 | |
| Reserves13 | €5,200 | |
| Distributable reserves133 | €5,200 | |
| Profit (loss) carried forward14 | €41 | |
| Amounts payable17/49 | €59,715 | |
| Amounts payable after more than one year17 | €14,924 | |
| Financial debts170/4 | €14,924 | |
| Amounts payable within one year42/48 | €42,342 | |
| Current portion of amounts payable after more than one year42 | €9,361 | |
| Trade debts44 | €216 | |
| Suppliers440/4 | €216 | |
| Taxes, remuneration and social security45 | €5,369 | |
| Taxes450/3 | €3,556 | |
| Remuneration and social security454/9 | €1,813 | |
| Other amounts payable47/48 | €27,397 | |
| Accrued charges and deferred income492/3 | €2,448 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €5,241 |
| + Depreciation and write-downs630 | €12,359 |
| Operating cash flow (approximation) | €17,599 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00267363 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CAUWENBERGHS KEVIN |
|
Owners and capital
Capital and shareholders
- CAUWENBERGHS KEVIN 100 shares (100%) · €1,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-05-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-09
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 11-06-2025
- Registered-office move, Pitantiehof 5, 3070 Kortenberg
06-05
Gazette deed
IncorporationAppointment: CAUWENBERGHS KEVIN (director) · Founder · Founding capital10 facts ▸
- Incorporation, “Apex Construct” (deed in Dutch)
- Founder, CAUWENBERGHS KEVIN
- Founding capital, €1,000
- Bank account, “vennootschap in oprichting, BE09 0019 7775 8157” (deed in Dutch)
- Declaration, “bewijs van deponering afgegeven door bankinstelling overhandigd aan Notaris om te bewaren in dossier, deponering en bewijs” (deed in Dutch)
- Other provision, “kosten uitgaven vergoedingen en lasten in welke vorm ook voor rekening van vennootschap wegens oprichting, oprichtingskosten” (deed in Dutch)
- Other provision, “overeenkomstig wet, tijdelijke bepalingen-inwerkingtreding” (deed in Dutch)
- Registered office clause, “3000 Leuven, Weldadigheidsstraat”, 20 (deed in Dutch)
- Director appointment, CAUWENBERGHS KEVIN (director (not named in the articles))
- Pre-incorporation commitments, “takeover, sedert 01-04-2024 ontstane verbintenissen voor rekening en in naam van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1009.038.540
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24055A0079/00F002 | Flanders | 745 m² | 1 · 157 m² | 8.9 m · 2 |
| 24502C0496/00V006 | Flanders | 146 m² | 1 · 66 m² | 14.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Apex Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, indien verplaatsing taal van statuten moet wijzigen kan enkel algemene vergadering beslissen met vereisten statutenwijziging” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van aandelen bij leven of wegens overlijden” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere…” (deed in Dutch)