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APICATION

Active Private limited company (pre-2019)founded 2006active for 20 yearsKBO/BCE: BE 0880.651.221
APICATION
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Overview

Lifetime

20 annual accounts with figures on one time axis
peak €57,647 (2007)
€24,466▲ 27×
lowest -€32,517 (2018)
€18,990▲ €21,191
peak €82,414 (2016)
€53,040▲ 17.9%
€9,698▲ 62.7%
Board1 name since 2021
1 director
Owners2 names in the annual accounts
  
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €901 to €24,466Back to profit: €18,990Equity from €44,981 to €53,040Debts from €5,962 to €9,698Cash from €6,393 to €25,363

Key points

from the 2025 annual accounts

Turnover

≈ €330,000 estimated

The micro format states no turnover.

Filings

20 annual accounts since 2006
AprilJune31 JulyOctober2010201520202025

Ten of the last ten came late. The 2023 accounts came latest: 594 days after the end of the period.

Position in the sector

84.5%

Higher solvency than 89% of companies in specialised construction. Sector median 46.9% · 37,177 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 31,356 companies had the same profile as APICATION has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,356 companies, not a prediction for APICATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
  • 50%annual accounts 2017
  • 50%annual accounts 2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0880651221
Address struck effective 23-03-2026 · KBO administration
Registered office moved within Drogenbos New registered office: Beersellaan 155, 1620 Drogenbos · Previous registered office: Nieuwstraat 46, 1620 Drogenbos · General meeting of 01-08-2019 · Gazette deed
Incorporation published on 21-04-2006 · Gazette deed
All 33 events

Comparable companies

same main activity, similar in size and age
Company
APICATION €62,738 €24,466 84.5% -
DE REINE GEVEL Oosterzele €63,651 €25,526 82.8% -
Vande Reyd Kristof Hasselt €62,894 €25,302 76.8% -
BRAYAN CONSTRUCT Molenbeek-Saint-Jean €62,347 €21,728 68.3% -
Heating Masters Aartselaar €69,746 €23,314 86.8% -
PHILIPPE BERTRAND Andenne €73,147 €23,867 72.8% -
TIMIS CONSTRUCT Jette €58,482 €23,171 36.3% -

These companies have the same main activity as APICATION: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €58,500 and €73,100, founded between 2006 and 2008.

Official details

Source: KBO
Status
Active since 11-04-2006Normal situation
Legal form
Private limited company (pre-2019)
Activity
Other specialised construction activitiesNACE 43990
Establishment unit
2.153.436.325since 11-04-2006
Financial year end
31 December
Peppol
Reachable since 22-07-2026
Company details

Annual accounts 2025

€24,466▲ 27×
€18,990
€53,040▲ 17.9%
€62,738▲ 23.2%
Filing
Filed on 31-08-2026
Financials

Insights on APICATION

APICATION files the micro format. That format states no turnover. The gross margin rose from €16,145 in 2006 to €24,466 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€24,466
▲ 27×
€23,048
▲ 142×
€23,674
▲ 30×
€19,616
▲ €21,191
84.5%
▼ 3.8 percentage points
6.43
▼ 3.22

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €330,000. Estimated: probably between €180,000 and €620,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €62,738 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

84.5%

Higher than 89% of 37,177 companies in 2025.

6.43

Higher than 89% of 36,472 companies in 2025.

30.3%

Higher than 87% of 36,707 companies in 2025.

APICATION Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 62,73850,94365,68971,74392,01398,917113,56479,45699,33396,096111,376107,20297,49893,10197,52385,99761,64194,79581,65652,891
21/28 3359601,5851,3825047562,8084,8598,93417,11014,09621,15425,61117,10527,08934,49210,93110,06015,23529,555
22/27 3359601,5851,3825047562,8084,8598,93416,98913,97521,03325,49016,98526,96834,37210,8109,93915,11529,435
23 ---------8313,9076,9823,3241,7924,8946,73010,5516,9381,9742,156
24 3359601,5851,130--1,8003,5997,42214,3948,05211,78322,16615,19322,07427,6422593,00213,14027,279
26 ---2525047561,0081,2601,5121,7642,0162,268--------
28 ---------120120120120120120120120120120120
29/58 62,40349,98364,10470,36191,50998,161110,75774,59790,39978,98697,28186,04871,88775,99670,43451,50550,71084,73666,42123,336
3 ---20,84750,94254,76159,16959,16947,33547,33542,63840,29118,83636,68517,19713,196----
30/36 ---20,84750,94254,76159,16959,16947,33547,33542,63840,29118,83636,68517,19713,196----
40/41 36,36843,59034,32925,17032,55426,98532,3907,23815,7384,65915,82211,6566,2374,5566,0346,0355,07629,02529,70421,535
40 28,54337,16632,28624,94732,33125,00432,2652,83910,8032,9339,97711,6566,2374,5566,0346,0355,07629,02529,70421,505
41 7,8256,4242,0432232231,9811254,3994,9351,7275,844--------30
50/53 ---------------28,67440,59153,02413,043-
54/58 25,3636,39329,57524,1077,33115,64318,8727,94727,13426,99238,82133,66845,58934,75547,0883,2674,5772,61623,2721,733
490/1 673-200238682773326243191--4341,226-1153334667140268
Balance sheet: equity and liabilities
10/49 62,73850,94365,68971,74392,01398,917113,56479,45699,33396,096111,376107,20297,49893,10197,52385,99761,64194,79581,65652,891
10/15 53,04044,98147,18240,33032,99430,35540,73235,86268,37882,41480,91067,73063,36259,47254,89547,97444,00247,48736,0918,117
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,1956,1956,1956,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,59518,59518,59518,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
11 -6,2006,2006,2006,2006,200--------------
1109/19 -6,2006,2006,2006,2006,200--------------
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,49596
130/1 1,8601,8601,8601,8601,8601,860--------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,49596
1311 1,8601,8601,8601,8601,8601,860--------------
14 44,98036,92139,12232,27024,93422,29532,67227,80260,31874,35472,85059,67055,30251,41246,83539,91935,94739,43128,3961,821
17/49 9,6985,96218,50831,41359,01868,56272,83243,59530,95413,68230,46739,47234,13733,62942,62838,02317,63947,30945,56544,774
42/48 9,6985,17718,50831,41359,01868,56272,83243,59530,95413,68230,46739,47234,13733,62942,28038,02317,63947,30945,56544,774
42 -----------2,1847,2892,6687,80612,667-6,22216,88927,556
44 2,5811,3082,5582,14522,66417,35321,7752,21514,4182,8216,30920,2684,5502,47717,88713,14714,60115,70811,9294,616
440/4 2,5811,3082,5582,14522,66417,35321,7752,21514,4182,8216,30920,2684,5502,47717,88713,14714,60115,70811,9294,616
45 7,1173,8695,4823,5283,3804,0262,6013,7792,0814,8305,5071,6022,8538,76111,3007,0692,84725,18816,5486,403
450/3 7,1173,8693,7111,7631,6464,0262,6013,7792,0814,8305,5071,6022,8435,3246,7084,7562,84721,56816,5481,480
454/9 --1,7711,7651,734-------103,4374,5922,312-3,620-4,923
47/48 --10,46825,74032,97447,18348,45737,60014,4556,03118,65115,41819,44619,7235,2885,1401901902006,200
492/3 -785------------348-----
Income statement
70 -----------93,825---92,06599,287150,117156,820100,627
76A -----------98---8,500216---
9900 24,46690110,9928,6244,501-5,51012,740-25,684-6,79916,25926,75021,77322,44519,23919,05717,8503,53631,19157,64716,145
60/61 -----------75,401---74,21595,751118,92699,17384,482
630 6256258774472522,0522,0524,0755,00510,4837,34216,34915,78110,83412,21213,1638,31113,57714,9209,867
640/8 323114-2128501,7781,9488701,2171,5691,3219833,0341,2278628423,2381,4542,0212,416
66A 470-------585-----------
9901 23,04816210,1157,9653,399-9,3398,740-30,628-13,6054,20818,0884,4413,6307,1795,9833,844-8,01416,16040,7063,862
75/76B 382-5867610821977719886617898415196951,630660
75 382-5867610821977719886617898415196951,630660
65/66B 1221,8221,1441,2415127841,6261,4414272412462844969488055456801,0501,122465
65 1221,8221,1441,2415127841,6261,4414272412462844969488055456801,0501,122465
9903 23,308-1,6608,9767,5912,894-10,1237,114-31,988-14,0144,74317,8605,1413,1957,0206,01912,318-7,78416,74039,6503,397
67/77 4,3185402,1252542542542,244529223,2394,680772-6952,443-8968,345-4,2995,33911,6761,480
9904 18,990-2,2016,8517,3362,639-10,3774,870-32,517-14,0361,50413,1794,3693,8904,5776,9163,972-3,48511,40127,9741,917
9905 18,990-2,2016,8517,3362,639-10,3774,870-32,517-14,0361,50413,1794,3693,8904,5776,9163,972-3,48511,40127,9741,917
Appropriation of the result
9906 55,91136,92139,12232,27024,93422,29532,67227,80260,31874,35472,85059,67055,30251,41246,83535,94935,94739,79729,7951,917
14P 36,92139,12232,27024,93422,295---------------
791/2 ---------------3,970----
691/2 -----------------3651,39996
6920 -----------------3651,39996
694/7 10,931-------------------
695 10,931-------------------
Social balance sheet
Hours worked1013 --0-----------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488671.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00488671 PDF
31-12-2024 micro format 17-03-2026 2026-00058290 PDF
31-12-2023 micro format 17-03-2026 2026-00058289 PDF
31-12-2022 micro format 28-09-2023 2023-00466538 PDF
31-12-2021 micro format 20-12-2022 2022-20545303 PDF
31-12-2020 micro format 31-08-2021 2021-64200018 PDF
31-12-2019 micro format 31-08-2020 2020-49000309 PDF
31-12-2018 micro format 30-08-2019 2019-59300355 PDF
31-12-2017 micro format 31-08-2018 2018-60400214 PDF
31-12-2016 micro format 28-09-2017 2017-64100229 PDF
31-12-2015 abbreviated format 18-07-2017 2017-32400132 PDF
31-12-2014 full format 31-08-2015 2015-50800131 PDF
31-12-2013 abbreviated format 29-08-2014 2014-49800600 PDF
31-12-2012 abbreviated format 26-09-2013 2013-59600041 PDF
31-12-2011 abbreviated format 30-08-2012 2012-51700212 PDF
31-12-2010 abbreviated format 28-07-2011 2011-34000250 PDF
31-12-2009 abbreviated format 30-07-2010 2010-35300284 PDF
31-12-2008 abbreviated format 25-07-2009 2009-46400134 PDF
31-12-2007 abbreviated format 30-07-2008 2008-48600085 PDF
31-12-2006 abbreviated format 19-07-2007 2007-42000171 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
23,67478710,9928,4123,651-7,28810,792-26,554-8,60114,69125,42920,78919,41118,01318,19617,00729829,73755,62613,729
19,616-1,5757,7287,7832,891-8,3256,922-28,442-9,03111,98720,52120,71819,67115,41119,12817,1354,82724,97842,89411,784
001,0811,3250000-3,17113,49728411,89124,2878504,80936,7249,1828,40260039,422
18,970-23,1825,46816,775-8,312-3,23010,926-19,187142-11,8295,153-11,92210,834-12,33243,821-1,3091,961-20,65621,539-
52,70544,80645,59638,94932,49029,59937,92431,00359,44465,30466,81446,57737,75142,36728,15413,48233,07137,42720,856-21,438
-----------4.7%---4.2%-8.1%10.8%26.0%3.8%
84.5%88.3%71.8%56.2%35.9%30.7%35.9%45.1%68.8%85.8%72.6%63.2%65.0%63.9%56.3%55.8%71.4%50.1%44.2%15.3%
6.439.663.462.241.551.431.521.712.925.773.192.182.112.261.671.352.871.791.460.52
6.439.663.461.580.690.630.710.351.392.311.791.161.551.171.261.012.871.791.460.52
0.180.130.390.781.792.261.791.220.450.170.380.580.540.570.780.790.401.001.265.52
35.8%-4.9%14.5%18.2%8.0%-34.2%12.0%-90.7%-20.5%1.8%16.3%6.5%6.1%7.7%12.6%8.3%-7.9%24.0%77.5%23.6%
30.3%-4.3%10.4%10.2%2.9%-10.5%4.3%-40.9%-14.1%1.6%11.8%4.1%4.0%4.9%7.1%4.6%-5.7%12.0%34.3%3.6%
over 1000.439.616.787.14---------------
-----------45 days---24 days19 days71 days69 days78 days
-----------98 days---65 days56 days48 days44 days20 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2023
Employees at the balance-sheet date0
full-time0
part-time0

Source: social balance sheet in the 2023 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€1,081€1,325-
€625€625€877€447€252

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on APICATION

The operating result for 2025 is 142 times that of 2024 and the highest since 2007. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 11.7% to 15.5%. Equity and debt are higher.

Board & ownership

Board

1 director
Director
listed in the 2022 annual accounts, filed on 28-09-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Boardmandate already running before its first mention
Mandates as a list
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

Shareholder
9,300 voting rights
50%
This company
APICATION
Equity €53,040
Profit €18,990 in 2025

and 1 other shareholder

Capital

Contribution
€6,200
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
50%
50%
50%
50%
Owners as a list

Source: shareholder structure in its own accounts

Shareholders

2 owners

Owners 2

  • natural person
    Sourceown accounts 2017
    50%9,300 voting rights
  • natural person
    Sourceown accounts 2017
    50%9,300 voting rights

Network & group

No group

APICATION has no parent and no holdings in its annual accounts. is the only director.

At the same address

3 other companies
THE ALIS
registered office since 04-01-2023 · founded in 2023 · negative equity (2025)
 total assets €11,013 (2025)
0795.742.270
Lim, Soon (sole trader)
establishment since 13-04-2015
 founded in 2015
0627.978.691
BRUSSELS DIVING CLUB
registered office since 19-08-2002
 founded in 2002
0478.585.033

Connections & network

1 current director
Depth

The network starts from the directors of APICATION. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

33 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0880651221
Address struck effective 23-03-2026
Annual accounts 2023 filed PDFmicro format · 594 days late
Annual accounts 2024 filed PDFmicro format · 229 days late
2025
Back to profit net €18,990 The net result is €18,990, after one loss-making year.
2024
Liquidity more than doubled current ratio 9.66 The current ratio rises from 3.46 to 9.66. Short-term debt falls from €18,508 to €5,177.
2023
Annual accounts 2022 filed PDFmicro format · 59 days late
2022
Annual accounts 2021 filed PDFmicro format · 142 days late
2021
Back to profit net €2,639 The net result is €2,639, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Annual accounts 2019 filed PDFmicro format · 31 days late
2019
Back to profit net €4,870 The net result is €4,870, after 2 loss-making years.
Registered office moved within DrogenbosNew registered office: Beersellaan 155, 1620 Drogenbos · Previous registered office: Nieuwstraat 46, 1620 Drogenbos · General meeting of 01-08-20192 points ▸
  • General meeting, 01-08-2019
  • Registered-office move, Beersellaan 155, 1620 Drogenbos
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 30 days late
2018
Weakest financial year net -€32,517 The net result drops to -€32,517, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFmicro format · 31 days late
2017
Annual accounts 2016 filed PDFmicro format · 59 days late
Annual accounts 2015 filed PDFabbreviated format · 352 days late
2015
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 29 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 57 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 30 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 3 days before the deadline
2010
Back to profit net €3,972 The net result is €3,972, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 1 day before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 6 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 1 day before the deadline
2007
Highest result from 2006 to 2025 net €27,974 ▲1,359% The operating result of €40,706 and the net result of €27,974 are both a record.
Liquidity more than doubled current ratio 1.46 The current ratio rises from 0.52 to 1.46.
Annual accounts 2006 filed PDFabbreviated format · 12 days before the deadline
2006
Incorporation PDFpublished on 21-04-2006
First establishment

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

APICATION was incorporated on 11 April 2006.1 The registered office was moved to Drogenbos in 2019.2 is director of the company according to the 2022 annual accounts.3 Total assets fell from €79,456 in 2018 to €62,738 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-10-2019
  3. 3National Bank, annual accounts 2022
  4. 4National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0880.651.221
VAT number
BE 0880.651.221
Peppol ID
0208:0880651221
Other Peppol ID
9925:BE0880651221
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
11-04-2006
Financial year
ends on 31 December
Peppol
Reachable since 22-07-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
APICATION in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
43990 Other specialised construction activities main activity
Codes under NACEBEL 2008
43999 Specialised construction activities main activity
Codes under NACEBEL 2003
45250 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Establishment unit 4321102 General electrical installation work 11-04-2006 2.153.436.325

Buildings and parcels at the address

Ground area
356 m²
Buildings
97 m²
Volume, LiDAR
827 m³
Tallest building
12.8 m
Buildings to scale, each on its own parcel
97 m², 12.8 m 97 m², 12.8 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
22001B0274/00P002356 m² 1 · 97 m² 12.8 m · 3

Invoicing and payment

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. Use the enterprise number 0880.651.221

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