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APi Belgium

Active
Public limited companyfounded 1973active for 52 yearsOostkaai 25, 2170 Antwerpen, Belgium10 active companies are registered at this addressKBO/BCE: BE 0413.791.211
Summary

APi Belgium has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €393,639. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 70% of 8,965 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisFollow ReportCompare
APi BelgiumActiveChecked score 58/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of other machinery and equipment
NACE 46649
1 site
Size
≈ €13.0mturnover 2024, estimated
Staff
34.1 FTE
Equity
€2.1m
Profit
€393,639
Turnover estimated from the gross margin
Financial health
58 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
APi Group Dutch HoldCo BV
Auditor: KPMG Bedrijfsrevisoren BV/SRL2025 accounts not filed, 91 days past the deadline9 of 25 deeds summarised
Why 58raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 320 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 16-06-2026)lowers riskFounded in 1973Liquidity: current ratio 2.19, cash €773,298Show the evidence

Checked score

Score 2024
58 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 81% of its sector peers (NACE 46, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 89+6
equity 63.7% of total assets
Liquidity 63+16
short-term debt 36.3% · cash 23.4%
Profitability 84+8
return on assets 11.9%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,374 companies, NACE 46, small)
Last 24 months 11-2024: 6.3% 12-2024: 6.3%● unchanged vs 11-2024 01-2025: 6.7%▲ +0.4 percentage points vs 12-2024highest value 02-2025: 6.7%● unchanged vs 01-2025highest value 03-2025: 6.7%● unchanged vs 02-2025highest value 04-2025: 6.7%● unchanged vs 03-2025highest value 05-2025: 6.7%● unchanged vs 04-2025highest value 06-2025: 6.7%● unchanged vs 05-2025highest value 07-2025: 6.7%● unchanged vs 06-2025highest value 08-2025: 6.2%▼ -0.5 percentage points vs 07-2025 09-2025: 6.2%● unchanged vs 08-2025 10-2025: 1.0%▼ -5.2 percentage points vs 09-2025 11-2025: 0.9%▼ -0.1 percentage points vs 10-2025 12-2025: 1.2%▲ +0.3 percentage points vs 11-2025 01-2026: 2.5%▲ +1.3 percentage points vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026 04-2026: 2.4%▼ -0.1 percentage points vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 0.2%▼ -2.2 percentage points vs 06-2026lowest value 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
Credit of up to €120,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.19, compared with 1.74 in 2023, above the usual 1.5; short-term debt: 36.3% and cash: 23.4% of total assets), and 36.3% 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 46, small): better than 73% on solvency, 81% on liquidity, 86% on profitability and 84% on growth.

The bankruptcy probability was computed on 29-10-2026 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 risk
lowers risk · Founded in 1973
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 320 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 16-06-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.19, cash €773,298
NBB · annual accounts
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, 91 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline30-10-2026 today
raises risk · 2024 accounts filed 320 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2026, 320 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
320 days late
2023
419 days late
2022
785 days late
2021
143 days late
2020
2 days early
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 288 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. General meeting · Name changeGazette deed
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. MiscellaneousPower of attorney

Key points

  • Risk: 2025 accounts not fileddeadline was 31-07-2026 91 days past the deadline View
  • Positive: Result rose in 2024from €167,432 to €393,639 ▲ 135% View
  • Positive: Among the best 11% on net resultsector median €40,633 · 8,960 companies €393,639 View
  • Controlled by APi Group Dutch HoldCo…ultimately: APi Group Inc. parent View
  • Positive: 7 profitable years in a rowprofit 2024: €393,639 7 years View
  • Active since 1973founded 12-12-1973 52 years View

By topic

Financials

Financial year
2024
Total assets
€3.3m
Profit
€393,639
Solvency
63.7%
Turnover▼ 9.1%
Net result
20182020
Go to Financials

Timeline

Events
60
Since
1978
  1. 23-09-2025Annual accounts filed
  2. 23-09-2025Annual accounts filed
  3. 05-09-2025Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of other machinery and equipmentNACE 46649
Founded
12-12-1973
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Annual meeting
Third Saturday of June at 11:00
Purpose
“Het ontwerpen,aanleggen en uitvoeren van technische installaties,de handel in…” (deed in Dutch)
Go to Articles of association

Key facts about APi Belgium

What is the company number of APi Belgium?
0413.791.211. In Belgium the VAT number is the company number with BE in front: BE 0413.791.211.
Where is APi Belgium based?
The registered office is at Oostkaai 25, 2170 Antwerpen.Company details
What does APi Belgium do?
According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
What is the legal form of APi Belgium?
Public limited company (NV).
When was APi Belgium founded?
On 12-12-1973.
Is APi Belgium still active?
Yes, APi Belgium is an active enterprise in the KBO register.
How many employees does APi Belgium have?
On average 34.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of APi Belgium?
€3.8m in financial year 2020, according to the filed annual accounts.
Is APi Belgium profitable?
In financial year 2024, APi Belgium made a profit of €393,639.
Where can I find the annual accounts of APi Belgium?
APi Belgium filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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