Equity
€487,286 from €2.6m in 2012
Equity fell by 81% in 13 years.
APK Drilling
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €6.1m (2007)
-not published
lowest -€305,393 (2007)
€93,372▼ 26.8%
peak €2.6m (2012)
€487,286▼ 6.1%
€753,671▼ 62.3%
peak 71.3 FTE (2012)
15.8 FTE▲ 1.3%
Board9 names since 2020
2 directorsQuality Management and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Result from €127,596 to €93,372Dividend €125,000Debts from €2.0m to €753,671Investments €44,395
Key points
from the 2025 annual accountsTurnover
≈ €2.1m estimated
The abbreviated format states no turnover.
Investments
€44,395 2.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 259487300.0% higher than in 2024.
Staff
15.8 FTE from 71.3 in 2012
Between 2012 and 2025, 78% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 7 to 34 days before the end of the period.
Position in the sector
€1.2m
Higher gross margin than 92% of companies in construction of buildings. Sector median €131,278 · 2,810 companies.
Checked score
69
Healthy
Financially stronger than 41% of small companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.6 percentage points vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.8 percentage points vs 07-2026
09-2026: 2.9%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 0.6%▼ -2.3 percentage points vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.64
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 1975
Profit of €93,372 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 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 41, small). It does better than 59% of them on solvency, 53% on liquidity, 28% on profitability and 23% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as APK Drilling has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
The bankruptcy probability of APK Drilling itself is higher: 0.6% within 12 months. It rests on far more data about APK Drilling than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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% |
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 20,137 companies, not a prediction for APK Drilling. 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 of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (1.23 in 2024), above the usual 1.5. Short-term debt is 54.9% of total assets. However, 61% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
15 days early
2023
30 days early
2022
7 days early
2021
34 days early
2020
31 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALGEMENE PARTICIPATIE KERKHOFS 100%score 89equity €33.9m (2025) · annual accounts 2025
- Algemene Participatie Kerkhofs NV consolidatesannual accounts 2025
Recent changes
1 statutory auditor reappointed
Permanent representatives: Maarten Broens and Ward Kerkhofs · Moore Audit bv (statutory auditor) · General meeting of 26-06-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: BURO MERTENS bv · Permanent representatives: Koen MERTENS, Ward KERKHOFS and Maarterı BROENS · Appointment: WERKHOFS bv · General meeting of 01-02-2024 · Gazette deed
1 director appointed, 1 statutory auditor appointed, 1 resignation
Resignation: HWY · Appointments: BV Buro Mertens and Moore Audit BV (statutory auditor) · Permanent representative: MERTENS Koen · General meeting of 20-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APK Drilling Diest | €1.2m | €1.2m | 39.0% | 15.8 |
| RENOBUILD Oostkamp | €1.1m | €1.0m | 21.6% | 14.8 |
| HAIDA HOMES Londerzeel | €1.9m | €1.1m | 61.5% | 12.5 |
| ACP CONTRACTS Kampenhout | €1.3m | €1.7m | 37.8% | 23.3 |
| De Noordboom Ronse | €1.4m | €1.1m | 0.6% | 20.6 |
| VERHAEGHE ALGEMENE BOUWONDERNEMING Bruges | €1.5m | €0.9m | 44.6% | 13.6 |
| G. THEUNS EN ZOON Kalmthout | €1.8m | €1.4m | 17.0% | 16.5 |
These companies have the same main activity as APK Drilling: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.1m and €1.9m, founded between 1971 and 1982.
Official details
Source: KBO- Status
- Active since 30-12-1975Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.107.718.6413294 Diest, since 30-01-2003
- 2.350.759.5643600 Genk, since 10-10-2023and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.2m▼ 50.8%
- Employeeson 31-12-2025
- 15▼ 11.8%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on APK Drilling
Solvency rose in 2025 from 20.4% to 39.0% because of lower debts.
ALGEMENE PARTICIPATIE KERKHOFS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about APK Drilling
- What is the company number of APK Drilling?
- The company number of APK Drilling is 0415.591.649. The VAT number is the same number with BE in front: BE 0415.591.649.
- Where is APK Drilling based?
- The registered office is at Reppelsebaan 59, 3294 Diest.Company details
- What does APK Drilling do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of APK Drilling?
- APK Drilling is a private limited company (BV).
- When was APK Drilling founded?
- APK Drilling was founded on 30-12-1975.
- Is APK Drilling still active?
- Yes, APK Drilling is an active enterprise in the KBO register.
- How many employees does APK Drilling have?
- APK Drilling had an average of 15.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does APK Drilling fall under?
- In its 2025 annual accounts, APK Drilling states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of APK Drilling?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.5m. It is a rough estimate.
- Is APK Drilling profitable?
- In financial year 2025, APK Drilling made a profit of €93,372.
- Where can I find the annual accounts of APK Drilling?
- APK Drilling filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APK Drilling due?
- APK Drilling must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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