APG Stables

Active

Private limited companyfounded 2025active for 1 yearHuikvenweg 8, 2990 Wuustwezel, BelgiumKBO/BCE: BE 1021.709.116

Summary

APG Stables has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of -€292,383. Its solvency ranks better than 95% of 3,700 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

APG StablesActiveChecked score 86/100

Risk analysis Report Compare

Activity

Raising of horses and other equines

NACE 01430

6th largest company by equity in Wuustwezel, Agriculture, forestry and fishing sector1 site

Size

€6.1mtotal assets 2025

Staff: 2.1 FTE
Equity: €5.6m
Loss: -€292,383

Turnover not published (micro format)

Financial health

86 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

VAN GELDEREN Alexander PetrusManaging director
van Gelderen Boy-AdrianDirector

Accounts filed 31 days late

Why 86raises riskLiquidity: current ratio 3.11, cash €9,365Latest accounts 31 days late; 1 of the last 3 latelowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Size: total assets €6.1mShow the evidence

Checked score

Score 2025

86 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 50% of its sector peers (NACE 01, small)

Every signal that counts is listed under Signals.

Financial strength

Average

Solvency 100

equity 91.8% of total assets

Liquidity 50

short-term debt 8.2% · cash 0.2%

Profitability 13

return on assets -4.8%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (902 companies, NACE 01, small)

Last 24 months 04-2026: 0.4% 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026highest value 09-2026: 0.3%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026

Credit of up to €480,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record

Liquidity ample (current ratio 3.11, above the usual 1.5; short-term debt: 8.2% and cash: 0.2% of total assets), and 8.2% of the assets are financed with debt and provisions.

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 01, small): better than 91% on solvency, 53% on liquidity and 5% on profitability.

The bankruptcy probability was computed on 23-10-2026 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).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 3.11, cash €9,365

NBB · annual accounts

Sector: Crop and animal production, hunting and related service activities (NACE 01)

KBO

Size: total assets €6.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts 31 days late; 1 of the last 3 late

NBB · filings

Young company

Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing

Deviation from the deadline

2025

31 days late

← before the deadline after the deadline →

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since incorporation in 2025.

KBO publications · our coverage

31-08-2026 Annual accounts filedfinancial year 2025 · micro…
02-04-2025 IncorporationAppointments: VAN GELDEREN Alexander Petrus…

Key points

Caution: Among the weakest 5% on net resultsector median €7,141 · 3,697 companies -€292,383 View
Board2 directors in office 2 View
Total assets 2025first financial year filed €6.1m View