APG CONSTRUCT
ActiveSummary
APG CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-30k) and a net result of €-365k. Equity is growing by ~44% per year across the filed fiscal years. Its solvency ranks better than 9% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-60
Solvency15▼-35
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 1.3 in 2023; short-term debt: 110.2% and cash: 2.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-10.2%
Return on assets
-123.7%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-30k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
27 d early
2022
17 d early
2021
41 d early
2020
44 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-30k
2023 · €335k
2018: €93k
2019: €91k▼ -2.0% vs 2018
2020: €88k▼ -3.4% vs 2019
2021: €184k▲ +110% vs 2020
2022: €255k▲ +38.5% vs 2021
2023: €335k▲ +31.1% vs 2022highest in 7 years
2024: €-30k▼ -109% vs 2023lowest in 7 years
2018 → 2024
Total assets
€295k▼ 77.7%
2023 · €1.32M
2018: €918k
2019: €962k▲ +4.8% vs 2018
2020: €734k▼ -23.7% vs 2019
2021: €1.18M▲ +61.2% vs 2020
2022: €1.33M▲ +12.2% vs 2021highest in 7 years
2023: €1.32M▼ -0.4% vs 2022
2024: €295k▼ -77.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€-365k
2023 · €79k
2018: €-7k
2019: €-2k▲ +74.7% vs 2018
2020: €-3k▼ -64.9% vs 2019
2021: €97k▲ +3224% vs 2020highest in 7 years
2022: €71k▼ -26.7% vs 2021
2023: €79k▲ +11.7% vs 2022
2024: €-365k▼ -560% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-59k
2023 · €295k
2018: €93k
2019: €91k▼ -2.0% vs 2018
2020: €88k▼ -3.4% vs 2019
2021: €184k▲ +110% vs 2020
2022: €205k▲ +11.3% vs 2021
2023: €295k▲ +43.8% vs 2022highest in 7 years
2024: €-59k▼ -120% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€184k▲ 110%€255k▲ 38.5%€335k▲ 31.1%€-30k
2020: €88k
2021: €184k▲ +110% vs 2020
2022: €255k▲ +38.5% vs 2021
2023: €335k▲ +31.1% vs 2022highest in 5 years
2024: €-30k▼ -109% vs 2023lowest in 5 years
Operating result€21k-€160k▲ 672%€136k▼ 15.0%€145k▲ 6.6%€-341k
2020: €21k
2021: €160k▲ +672% vs 2020highest in 5 years
2022: €136k▼ -15.0% vs 2021
2023: €145k▲ +6.6% vs 2022
2024: €-341k▼ -335% vs 2023lowest in 5 years
Net result€-3k-€97k€71k▼ 26.7%€79k▲ 11.7%€-365k
2020: €-3k
2021: €97k▲ +3224% vs 2020highest in 5 years
2022: €71k▼ -26.7% vs 2021
2023: €79k▲ +11.7% vs 2022
2024: €-365k▼ -560% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €341k after €145k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €295k
Fixed assets
€29k ▼ 26.6%
Current assets
€266k ▼ 79.3%
Key figures and ratios
EBITDA
€-330k▼
2023 · €155k
Cash flow
€-354k▼
2023 · €90k
Solvency
-10.2%▼
2023 · 25.3%
Current ratio
0.82▼
2023 · 1.30
Quick ratio
0.36▲
2023 · 0.19
Debt to equity
-10.80▼
2023 · 2.95
ROA
-123.7%▼
2023 · 6.0%
Interest coverage
-13.28▼
2023 · 4.05
Debt
€325k▼
2023 · €987k
Debt ≤ 1 year
€325k▼
2023 · €987k
Income taxes
€-804▼
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.32M€295k▼
Fixed assets21/28€40k€29k▼
Tangible fixed assets22/27€40k€29k▼
Furniture and vehicles24€40k€29k▼
Current assets29/58€1.28M€266k▼
Stocks and contracts in progress3€1.09M€149k▼
Stocks30/36€713k€149k▼
Contracts in progress37€381k-
Amounts receivable within one year40/41€184k€108k▼
Trade receivables40€100k€102k▲
Other amounts receivable41€85k€6k▼
Cash at bank and in hand54/58€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.32M€295k▼
Equity10/15€335k€-30k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€235k€-130k▼
Amounts payable17/49€987k€325k▼
Amounts payable within one year42/48€987k€325k▼
Trade debts44€10k€8k▼
Suppliers440/4€10k€8k▼
Taxes, remuneration and social security45€30k-
Taxes450/3€30k-
Other amounts payable47/48€948k€317k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€157k€-329k▼
Operating profit (loss)9901€145k€-341k▼
Financial income75/76B€380-
Recurring financial income75€380-
Financial charges65/66B€38k€25k▼
Recurring financial charges65€38k€25k▼
Profit (loss) for the period before taxes9903€107k€-366k▼
Income taxes67/77€28k€-804▼
Profit (loss) for the period9904€79k€-365k▼
Profit (loss) for the period to be appropriated9905€79k€-365k▼
Appropriation of the result
Profit (loss) to be appropriated9906€235k€-130k▼
Profit (loss) brought forward from the previous period14P€155k€235k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3k | €11k | €11k | ▼ 0.5% |
| Other operating charges640/8 | - | €1k | €596 | €1k | €1k | ▲ 14.1% |
| Gross operating margin9900 | €22k | €161k | €139k | €157k | €-329k | ▼ 310% |
| Operating profit (loss)9901 | €21k | €160k | €136k | €145k | €-341k | ▼ 335% |
| Financial income75/76B | - | €736 | €366 | €380 | - | - |
| Recurring financial income75 | €548 | €736 | €366 | €380 | - | - |
| Financial charges65/66B | - | €32k | €39k | €38k | €25k | ▼ 35.1% |
| Recurring financial charges65 | €24k | €32k | €39k | €38k | €25k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €-3k | €129k | €97k | €107k | €-366k | ▼ 442% |
| Income taxes67/77 | - | €32k | €27k | €28k | €-804 | ▼ 103% |
| Profit (loss) for the period9904 | €-3k | €97k | €71k | €79k | €-365k | ▼ 560% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €97k | €71k | €79k | €-365k | ▼ 560% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €734k | €1.18M | €1.33M | €1.32M | €295k | ▼ 77.7% |
| Fixed assets21/28 | - | - | €50k | €40k | €29k | ▼ 26.6% |
| Tangible fixed assets22/27 | - | - | €50k | €40k | €29k | ▼ 26.6% |
| Furniture and vehicles24 | - | - | €50k | €40k | €29k | ▼ 26.6% |
| Current assets29/58 | €734k | €1.18M | €1.28M | €1.28M | €266k | ▼ 79.3% |
| Stocks and contracts in progress3 | €586k | €514k | €875k | €1.09M | €149k | ▼ 86.4% |
| Stocks30/36 | - | - | - | €713k | €149k | ▼ 79.1% |
| Contracts in progress37 | - | €514k | €875k | €381k | - | - |
| Amounts receivable within one year40/41 | €139k | €662k | €248k | €184k | €108k | ▼ 41.3% |
| Trade receivables40 | - | €593k | €146k | €100k | €102k | ▲ 1.9% |
| Other amounts receivable41 | - | €69k | €102k | €85k | €6k | ▼ 92.3% |
| Cash at bank and in hand54/58 | €8k | €7k | €153k | €4k | €8k | ▲ 127% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €734k | €1.18M | €1.33M | €1.32M | €295k | ▼ 77.7% |
| Equity10/15 | €88k | €184k | €255k | €335k | €-30k | ▼ 109% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-12k | €84k | €155k | €235k | €-130k | ▼ 155% |
| Amounts payable17/49 | €646k | €998k | €1.07M | €987k | €325k | ▼ 67.1% |
| Amounts payable within one year42/48 | €646k | €998k | €1.07M | €987k | €325k | ▼ 67.1% |
| Trade debts44 | - | - | €8k | €10k | €8k | ▼ 25.9% |
| Suppliers440/4 | - | - | €8k | €10k | €8k | ▼ 25.9% |
| Taxes, remuneration and social security45 | - | €32k | €59k | €30k | - | - |
| Taxes450/3 | - | €32k | €59k | €30k | - | - |
| Other amounts payable47/48 | - | €966k | €1.00M | €948k | €317k | ▼ 66.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €97k | €71k | €79k | €-365k | ▼ 560% |
| + Depreciation and write-downs630 | - | - | €3k | €11k | €11k | ▼ 0.5% |
| Operating cash flow (approximation) | €-3k | €97k | €74k | €90k | €-354k | ▼ 494% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €-1k | €146k | €-150k | €5k | ▲ 103% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-365k
Net result drops to €-365k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €255k ▲38.5%
2 profitable years in a row build equity to €255k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €97k
Net result €97k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €184k ▲110%
Equity rises from €88k to €184k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
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, Oud-Turnhout · 1 establishment unit since 2017
Ground area
1,719 m²
Building footprint
273 m²
Volume, LiDAR
1,661 m³
Parcel 13482F1177/00G014, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
APG CONSTRUCT
since 20172.263.796.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1177/00G014 | Flanders | 1,719 m² | 1 · 273 m² | 10.7 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,829 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
Founded21-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.