APL CONSTRUCT
ActiveSummary
APL CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €9k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-27
Solvency100▲+20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 9.5 against 1.94 in 2024; short-term debt: 10.2% and cash: 6.3% of total assets), and 10.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.8%
Return on assets
12.7%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
14 d early
2023
on the day
2022
1 d early
2021
2 d late
2020
15 d late
2019
104 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▲ 16.5%
2024 · €57k
2019: €17klowest in 7 years
2020: €25k▲ +48.2% vs 2019
2021: €39k▲ +56.3% vs 2020
2022: €57k▲ +45.1% vs 2021
2023: €35k▼ -38.7% vs 2022
2024: €57k▲ +64.4% vs 2023
2025: €67k▲ +16.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€74k▼ 28.5%
2024 · €104k
2019: €41klowest in 7 years
2020: €68k▲ +65.5% vs 2019
2021: €49k▼ -28.7% vs 2020
2022: €93k▲ +91.5% vs 2021
2023: €61k▼ -34.6% vs 2022
2024: €104k▲ +71.6% vs 2023highest in 7 years
2025: €74k▼ -28.5% vs 2024
2019 → 2025
Net result
€9k▼ 57.8%
2024 · €22k
2019: €11k
2020: €8k▼ -24.0% vs 2019
2021: €14k▲ +73.1% vs 2020
2022: €18k▲ +25.4% vs 2021
2023: €-22k▼ -224% vs 2022lowest in 7 years
2024: €22k▲ +202% vs 2023highest in 7 years
2025: €9k▼ -57.8% vs 2024
2019 → 2025
Working capital
€65k▲ 47.5%
2024 · €44k
2019: €13klowest in 7 years
2020: €23k▲ +81.7% vs 2019
2021: €33k▲ +38.7% vs 2020
2022: €34k▲ +4.9% vs 2021
2023: €33k▼ -4.4% vs 2022
2024: €44k▲ +34.5% vs 2023
2025: €65k▲ +47.5% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€57k▲ 45.1%€35k▼ 38.7%€57k▲ 64.4%€67k▲ 16.5%
2021: €39k
2022: €57k▲ +45.1% vs 2021
2023: €35k▼ -38.7% vs 2022lowest in 5 years
2024: €57k▲ +64.4% vs 2023
2025: €67k▲ +16.5% vs 2024highest in 5 years
Operating result€19k-€28k▲ 49.2%€-21k€26k€13k▼ 48.2%
2021: €19k
2022: €28k▲ +49.2% vs 2021highest in 5 years
2023: €-21k▼ -178% vs 2022lowest in 5 years
2024: €26k▲ +220% vs 2023
2025: €13k▼ -48.2% vs 2024
Net result€14k-€18k▲ 25.4%€-22k€22k€9k▼ 57.8%
2021: €14k
2022: €18k▲ +25.4% vs 2021
2023: €-22k▼ -224% vs 2022lowest in 5 years
2024: €22k▲ +202% vs 2023highest in 5 years
2025: €9k▼ -57.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€2k ▼ 85.1%
Current assets
€72k ▼ 20.2%
Equity and liabilities €74k
Equity
€67k ▲ 16.5%
Debt
€8k ▼ 83.7%
Debt's share of the balance-sheet total falls from 45.0% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
9.50▲
2024 · 1.94
Debt to equity
0.11▼
2024 · 0.82
ROE
14.2%▼
2024 · 39.2%
ROA
12.7%▼
2024 · 21.6%
Debt ≤ 1 year
€8k▼
2024 · €47k
Income taxes
€4k▲
2024 · €3k
Staff costs
€1k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€104k€74k▼
Fixed assets21/28€13k€2k▼
Tangible fixed assets22/27€11k-
Furniture and vehicles24€11k-
Financial fixed assets28€2k€2k=
Current assets29/58€91k€72k▼
Amounts receivable within one year40/41€89k€68k▼
Trade receivables40€43k€20k▼
Other amounts receivable41€46k€48k▲
Cash at bank and in hand54/58€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€104k€74k▼
Equity10/15€57k€67k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€49k€59k▲
Amounts payable17/49€47k€8k▼
Amounts payable within one year42/48€47k€8k▼
Trade debts44€42k€3k▼
Suppliers440/4€42k€3k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€46€355▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k-
Other operating charges640/8€5k€5k▼
Gross operating margin9900€42k€20k▼
Operating profit (loss)9901€26k€13k▼
Financial charges65/66B€511€303▼
Recurring financial charges65€511€303▼
Profit (loss) for the period before taxes9903€25k€13k▼
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€22k€9k▼
Profit (loss) for the period to be appropriated9905€22k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€59k▲
Profit (loss) brought forward from the previous period14P€27k€49k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42k | €31k | €4k | €1k | ▼ 67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | €1k | €7k | - | - |
| Other operating charges640/8 | - | €8k | €4k | €5k | €5k | ▼ 5.5% |
| Gross operating margin9900 | €26k | €89k | €15k | €42k | €20k | ▼ 53.2% |
| Operating profit (loss)9901 | €19k | €28k | €-21k | €26k | €13k | ▼ 48.2% |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | - | €195 | €401 | €511 | €303 | ▼ 40.7% |
| Recurring financial charges65 | €243 | €195 | €401 | €511 | €303 | ▼ 40.7% |
| Profit (loss) for the period before taxes9903 | €18k | €27k | €-22k | €25k | €13k | ▼ 48.4% |
| Income taxes67/77 | €4k | €10k | €120 | €3k | €4k | ▲ 28.5% |
| Profit (loss) for the period9904 | €14k | €18k | €-22k | €22k | €9k | ▼ 57.8% |
| Profit (loss) for the period to be appropriated9905 | €14k | €18k | €-22k | €22k | €9k | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €93k | €61k | €104k | €74k | ▼ 28.5% |
| Fixed assets21/28 | €7k | €23k | €2k | €13k | €2k | ▼ 85.1% |
| Tangible fixed assets22/27 | €7k | €21k | - | €11k | - | - |
| Furniture and vehicles24 | - | €21k | - | €11k | - | - |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €42k | €70k | €59k | €91k | €72k | ▼ 20.2% |
| Amounts receivable within one year40/41 | €26k | €59k | €55k | €89k | €68k | ▼ 23.8% |
| Trade receivables40 | - | €31k | €14k | €43k | €20k | ▼ 52.4% |
| Other amounts receivable41 | - | €27k | €41k | €46k | €48k | ▲ 2.5% |
| Cash at bank and in hand54/58 | €16k | €12k | €3k | €2k | €5k | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €93k | €61k | €104k | €74k | ▼ 28.5% |
| Equity10/15 | €39k | €57k | €35k | €57k | €67k | ▲ 16.5% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €31k | €49k | €27k | €49k | €59k | ▲ 19.2% |
| Amounts payable17/49 | €9k | €36k | €26k | €47k | €8k | ▼ 83.7% |
| Amounts payable within one year42/48 | €9k | €36k | €26k | €47k | €8k | ▼ 83.7% |
| Trade debts44 | €3k | €19k | €14k | €42k | €3k | ▼ 91.9% |
| Suppliers440/4 | - | €19k | €14k | €42k | €3k | ▼ 91.9% |
| Taxes, remuneration and social security45 | - | €17k | €12k | €5k | €4k | ▼ 6.7% |
| Taxes450/3 | - | €14k | €11k | €4k | €4k | ▼ 13.7% |
| Remuneration and social security454/9 | - | €3k | €481 | €46 | €355 | ▲ 670% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €18k | €-22k | €22k | €9k | ▼ 57.8% |
| + Depreciation and write-downs630 | €4k | €12k | €1k | €7k | - | - |
| Operating cash flow (approximation) | €19k | €29k | €-21k | €29k | €9k | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | €-28k | €19k | €-18k | €11k | ▲ 163% |
| Change in cash | - | €-4k | €-8k | €-2k | €3k | ▲ 275% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity times 5current ratio 9.50
Current ratio from 1.94 to 9.50; short-term debt falls from €47k to €8k.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-06
Financial
Liquidity triplescurrent ratio 4.50
Current ratio from 1.55 to 4.50; short-term debt falls from €43k to €9k.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Quaregnon · 1 establishment unit since 2018
Ground area
245 m²
Building footprint
72 m²
Volume, LiDAR
647 m³
Parcel 53065B0092/00V006, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Modeste Derbaix 38, 7390 Quaregnon
since 20182.273.679.208
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065B0092/00V006 | Wallonia | 245 m² | 1 · 72 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2018
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.