Equity
€1.2m ▲ 7.7%
APK RECYCLING & TRANSPORT has made a profit in every financial year since 2009.
APK RECYCLING & TRANSPORT
Lifetime
17 annual accounts with figures on one time axisGross marginpeak €1.4m (2020)
€571,461▼ 31.3%
Resultpeak €415,619 (2024)
€84,111▼ 79.8%
Equitypeak €1.4m (2023)
€1.2m▲ 7.7%
Debts
€721,283▼ 33.8%
Staffpeak 7.1 FTE (2020)
5.8 FTE▼ 14.7%
Board8 names since 2019
3 directorsPates Consulting BV and 2 others
Owners2 names in the annual accounts
100%ALGEMENE PARTICIPATIE KERKHOFS
Documentsfilings and deeds
09-07-202622 days before the deadline
2025abbreviated format
Gross margin from €831,328 to €571,461Result from €415,619 to €84,111Staff from 6.8 FTE to 5.8 FTEDebts from €1.1m to €721,2832 establishments registered
Key points
from the 2025 annual accountsResult
€84,111 ▼ 79.8%
The result fell in 2025 from €415,619 to €84,111.
Turnover
≈ €1.3m estimated
The abbreviated format states no turnover.
Staff
6 employees on 31-12-2025
In 2025, 1 person joined and 2 left.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 11 to 40 days before the end of the period.
At the same address
42 companies
Checked score
69
Healthy
Financially stronger than 46% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,304 companies (NACE 52, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points 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: 1.0%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.6%▼ -0.4 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.31, cash €169
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Founded in 2008
Equity €1.2m (62.0% of total assets)
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 52, micro). It does better than 68% of them on solvency, 27% on liquidity, 35% on profitability and 54% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 10,904 companies had the same profile as APK RECYCLING & TRANSPORT has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of APK RECYCLING & TRANSPORT itself: 0.7% within 12 months.
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 10,904 companies, not a prediction for APK RECYCLING & TRANSPORT. 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 €80,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.01 in 2024), below the usual 1.5. Short-term debt is 36.7% and cash 0% of total assets. 38% of the assets are financed with debt and provisions.
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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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
15 days early
2023
28 days early
2022
11 days early
2021
40 days early
2020
25 days early
2019
31 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 25 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 9 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
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PC
Pates Consulting BV
Director, since 25-10-2019
- ALGEMENE PARTICIPATIE KERKHOFS 100%score 89equity €33.9m (2025) · annual accounts 2025
Shares in 2 companies, Maasmechelen Recycling and Pelt Recycling
Board & ownershipRecent 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
2 establishments registered
Pelt and Genk
1 director appointed, 1 resignation
Resignation: BURO MERTENS bv · Permanent representatives: Koen MERTENS, Ward KERKHOFS and Maarten BROENS · Appointment: WERKHOFS bv · General meeting of 01-07-2024 · Gazette deed
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen, Slopen of verwijderen · Departement Omgeving
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| APK RECYCLING & TRANSPORT Pelt | €1.9m | €571,461 | 62.0% | 5.8 |
| DACHSER BELGIUM FOOD LOGISTICS Willebroek | €1.6m | €652,618 | 58.0% | 5.2 |
| F & K LOGISTICS Kluisbergen | €1.4m | €570,368 | 25.7% | 6.8 |
| OCEAN CLOUD Peer | €1.1m | €487,873 | 32.0% | 4.4 |
| AZ SOLUTIONS BELGIUM Molenbeek-Saint-Jean | €1.7m | €626,230 | 7.6% | 8 |
| GEBR. ELCI & TRANSPORT Antwerp | €1.3m | €652,622 | 66.0% | 5.6 |
| T-REX SERVICES Antwerp | €1.4m | €794,344 | 47.5% | 7.4 |
These companies have the same main activity as APK RECYCLING & TRANSPORT: logistics services (NACE 52250). They are comparable in size and age: total assets between €1.1m and €1.7m, founded between 2005 and 2010.
Official details
Source: KBO- Status
- Active since 18-11-2008Normal situation
- Registered office
- 43 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Logistics servicesNACE 52250and 3 others
- Joint committees
- 140.03Road transport and logistics for third parties
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment units
- 2.270.685.5698920 Langemark-Poelkapelle, since 05-12-2017
- 2.368.744.0573900 Pelt, since 01-01-2025and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €1.9m▼ 13.0%
- Employeeson 31-12-2025
- 6▼ 14.3%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on APK RECYCLING & TRANSPORT
APK RECYCLING & TRANSPORT files the abbreviated format. That format states no turnover. The gross margin rose from €66,237 in 2016 to €571,461 in 2025.
The balance sheet grew most from 2018 to 2019 through fixed assets.
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 RECYCLING & TRANSPORT
- What is the company number of APK RECYCLING & TRANSPORT?
- The company number of APK RECYCLING & TRANSPORT is 0808.067.705. The VAT number is the same number with BE in front: BE 0808.067.705.
- Where is APK RECYCLING & TRANSPORT based?
- The registered office is at Haltstraat 50, 3900 Pelt.Company details
- What does APK RECYCLING & TRANSPORT do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of APK RECYCLING & TRANSPORT?
- APK RECYCLING & TRANSPORT is a private limited company (BV).
- When was APK RECYCLING & TRANSPORT founded?
- APK RECYCLING & TRANSPORT was founded on 18-11-2008.
- Is APK RECYCLING & TRANSPORT still active?
- Yes, APK RECYCLING & TRANSPORT is an active enterprise in the KBO register.
- How many employees does APK RECYCLING & TRANSPORT have?
- APK RECYCLING & TRANSPORT had an average of 5.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does APK RECYCLING & TRANSPORT fall under?
- In its 2025 annual accounts, APK RECYCLING & TRANSPORT states joint committees 140.03 (Road transport and logistics for third parties) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of APK RECYCLING & TRANSPORT?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €571,461 and 2,281 comparable companies of the same size. It probably lies between €810,000 and €2.3m. It is a rough estimate.
- Is APK RECYCLING & TRANSPORT profitable?
- In financial year 2025, APK RECYCLING & TRANSPORT made a profit of €84,111.
- Where can I find the annual accounts of APK RECYCLING & TRANSPORT?
- APK RECYCLING & TRANSPORT filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APK RECYCLING & TRANSPORT due?
- APK RECYCLING & TRANSPORT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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