Equity
€2.1m ▼ 23.7%
APK Wegenbouw paid out €900,000 in dividends. That is 383% of the 2025 profit.
APK Wegenbouw
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1991peak €40.6m (2022)
€34.3m▲ 6.0%
peak €756,330 (2022)
€234,722▼ 19.5%
peak €3.1m (2023)
€2.1m▼ 23.7%
€6.2m▼ 26.4%
peak 150.3 FTE (2020)
123.9 FTE▼ 2.1%
Board11 names since 2019
2 directorsQuality Management and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Dividend €900,000Equity from €2.8m to €2.1mDebts from €8.4m to €6.2mCash from €1,221 to €180
Key points
from the 2025 annual accountsDebts
€6.2m 74% of the balance sheet
Financial debts 0%Suppliers 81%Taxes and wages 16%Other 3%
€184,290 of the debts are secured on the company's own assets. In 2021 that was €685,100.
Staff
126 employees on 31-12-2025
In 2025, 15 people joined and 18 left. On top of that, 1.8 agency workers worked there on average.
Payment terms
71 days to suppliers
APK Wegenbouw pays its suppliers 19 days earlier than in 2024. Customers pay 28 days earlier.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 11 to 33 days before the end of the period.
Position in the sector
123.9 FTE
More staff than 92% of companies in construction of buildings. Sector median 14.1 FTE · 646 companies.
Checked score
68
Healthy
Financially stronger than 36% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 8 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: 0.6%▼ -0.1 percentage points vs 01-2025lowest value
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: 0.7%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.8%▼ -0.2 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.18, cash €180, halved
Sector: Construction of residential and non-residential buildings (NACE 41)
6 establishment units
lowers risk
Founded in 1989
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, medium-sized). It does better than 51% of them on solvency, 13% on liquidity, 43% on profitability and 38% 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, 733 companies had the same profile as APK Wegenbouw has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APK Wegenbouw itself: 0.8% 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 733 companies, not a prediction for APK Wegenbouw. 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 €140,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (1.24 in 2024), below the usual 1.5. Short-term debt is 74.2% and cash 0% of total assets. 74.2% 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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
15 days early
2023
30 days early
2022
11 days early
2021
33 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
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
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Hasselt
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen · Olen
Merger proposal: APK Wegenbouw nv takes over DRION GLIJBOUW nv
Permanent representatives: Maarten BROENS and Koen MERTENS · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APK Wegenbouw Geel | €34.3m | 1.2% | 25.8% | 123.9 |
| ENTREPRISES M.I.G.N.O.N.E. Manage | €30.7m | 1.2% | 28.1% | 93.9 |
| ALGEMENE ONDERNEMING DRIESEN Pelt | €41.2m | 1.2% | 28.0% | 111.2 |
| OOMS WOONREALISATIES Rijkevorsel | €29.6m | 0.3% | 32.9% | 115.4 |
| ecohuis Herentals | €37.0m | 0.4% | 22.9% | 71.5 |
| PICARD CONSTRUCT Tenneville | €34.4m | 4.6% | 24.4% | 87.2 |
| LAURENTY BATIMENTS GEBOUWEN Liège | €25.5m | -1.3% | 43.3% | 118 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as APK Wegenbouw: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €6.5m and €14m, founded between 1976 and 2001.
Official details
Source: KBO- Status
- Active since 22-12-1989Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.046.529.5562440 Geel, since 12-01-1990
- 2.231.927.9333630 Maasmechelen, since 26-06-2014and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €8.3m▼ 25.7%
- Employeeson 31-12-2025
- 126▼ 2.3%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on APK Wegenbouw
APK Wegenbouw has existed since 1989. Turnover grew from €8.6m in 2011 to €34.3m in 2025 and staff from 38.3 to 123.9 full-time equivalents.
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 Wegenbouw
- What is the company number of APK Wegenbouw?
- The company number of APK Wegenbouw is 0439.280.435. The VAT number is the same number with BE in front: BE 0439.280.435.
- Where is APK Wegenbouw based?
- The registered office is at Winkelomseheide 217, 2440 Geel.Company details
- What does APK Wegenbouw do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of APK Wegenbouw?
- APK Wegenbouw is a public limited company (NV).
- When was APK Wegenbouw founded?
- APK Wegenbouw was founded on 22-12-1989.
- Is APK Wegenbouw still active?
- Yes, APK Wegenbouw is an active enterprise in the KBO register.
- How many employees does APK Wegenbouw have?
- APK Wegenbouw had an average of 123.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does APK Wegenbouw fall under?
- In its 2025 annual accounts, APK Wegenbouw states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of APK Wegenbouw?
- The turnover of APK Wegenbouw was €34.3m in financial year 2025, according to the filed annual accounts.
- Is APK Wegenbouw profitable?
- In financial year 2025, APK Wegenbouw made a profit of €234,722.
- Where can I find the annual accounts of APK Wegenbouw?
- APK Wegenbouw filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APK Wegenbouw due?
- APK Wegenbouw 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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