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Appro Projects

Active
Private limited companyfounded 20215 yrs activeKapellensteenweg (C) 467, 2920 Kalmthout, BelgiumKBO/BCE: BE 0765.321.981
Summary

Appro Projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,967 and a net result of €16,218. Its solvency ranks better than 17% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability99▲+99
Solvency30▲+30
Growth78
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 790 sector peers (2025).
NBB · sector comparison
Position among 790 sector peers
Solvency
better than 17%
← weakest strongest →
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 10-04-2026, 112 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
112 d early
2024
112 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 112 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 March 2021, Appro Projects was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,967
2024 · -€13,252
Total assets
€65,830▲ 9,622%
2024 · €677
Net result
€16,218
2024 · -€569
Working capital
-€4,680▲ 64.7%
2024 · -€13,252
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€518-€22,331
Net result-€569-€16,218
Equity-€13,252-€2,967
Total assets€677-€65,830▲ 9,622%
Debt€13,929-€62,864▲ 351%
Working capital-€13,252--€4,680▲ 64.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2024: -€518-€518Net result 2024: -€569-€569Operating result 2025: €22,331€22,331Net result 2025: €16,218€16,21820242025-€10,000€0€10,000€20,000Operating result 2024: -€518-€518Net result 2024: -€569-€569Operating result 2025: €22,331€22,300Net result 2025: €16,218€16,20020242025
The operating result returns to profit in 2025: €22,331 after a loss of €518 in 2024.
Balance-sheet composition
Assets €65,830
Fixed assets €7,647
Current assets €58,183
Equity and liabilities €65,830
Equity €2,967
Debt €62,864
Debt finances 95.5% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.93
Debt to equity
21.19
ROE
546.7%
ROA
24.6%
Debt ≤ 1 year
€62,864▲
2024 · €13,929
Income taxes
€5,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€677€65,830▲
Fixed assets21/28-€7,647
Financial fixed assets28-€7,647
Current assets29/58€677€58,183▲
Amounts receivable within one year40/41-€43,732
Trade receivables40-€7,347
Other amounts receivable41-€36,385
Cash at bank and in hand54/58€677€14,451▲
Equity and liabilities
Total equity and liabilities10/49€677€65,830▲
Equity10/15-€13,252€2,967▲
Contributions10/11€5,000€5,000=
Outside capital11€5,000€5,000=
Other1109/19€5,000€5,000=
Profit (loss) carried forward14-€18,252-€2,033▲
Amounts payable17/49€13,929€62,864▲
Amounts payable within one year42/48€13,929€62,864▲
Trade debts44-€33,693
Suppliers440/4-€33,693
Taxes, remuneration and social security45-€15,281
Taxes450/3-€15,281
Other amounts payable47/48€13,929€13,890▼
Income statement Code20242025
Other operating charges640/8€518€1,725▲
Non-recurring operating charges66A-€3,652
Gross operating margin9900-€27,708
Operating profit (loss)9901-€518€22,331▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€51€163▲
Recurring financial charges65€51€163▲
Profit (loss) for the period before taxes9903-€569€22,168▲
Income taxes67/77-€5,950
Profit (loss) for the period9904-€569€16,218▲
Profit (loss) for the period to be appropriated9905-€569€16,218▲
Appropriation of the result
Profit (loss) to be appropriated9906-€18,252-€2,033▲
Profit (loss) brought forward from the previous period14P-€17,682-€18,252▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€518€1,725▲ 233%
Non-recurring operating charges66A-€3,652-
Gross operating margin9900-€27,708-
Operating profit (loss)9901-€518€22,331▲ 4,409%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€51€163▲ 219%
Recurring financial charges65€51€163▲ 219%
Profit (loss) for the period before taxes9903-€569€22,168▲ 3,994%
Income taxes67/77-€5,950-
Profit (loss) for the period9904-€569€16,218▲ 2,949%
Profit (loss) for the period to be appropriated9905-€569€16,218▲ 2,949%
Line20242025Change
Assets
Total assets20/58€677€65,830▲ 9,622%
Fixed assets21/28-€7,647-
Financial fixed assets28-€7,647-
Current assets29/58€677€58,183▲ 8,493%
Amounts receivable within one year40/41-€43,732-
Trade receivables40-€7,347-
Other amounts receivable41-€36,385-
Cash at bank and in hand54/58€677€14,451▲ 2,034%
Equity and liabilities
Total equity and liabilities10/49€677€65,830▲ 9,622%
Equity10/15-€13,252€2,967▲ 122%
Contributions10/11€5,000€5,000=
Outside capital11€5,000€5,000=
Other1109/19€5,000€5,000=
Profit (loss) carried forward14-€18,252-€2,033▲ 88.9%
Amounts payable17/49€13,929€62,864▲ 351%
Amounts payable within one year42/48€13,929€62,864▲ 351%
Trade debts44-€33,693-
Suppliers440/4-€33,693-
Taxes, remuneration and social security45-€15,281-
Taxes450/3-€15,281-
Other amounts payable47/48€13,929€13,890▼ 0.3%
Line20242025Change
Profit (loss) for the period9904-€569€16,218▲ 2,949%
Operating cash flow (approximation)-€569€16,218▲ 2,949%
Change in cash-€13,774-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €16,218
Net result €16,218 after one loss-making year.
10-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Kalmthout · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,372 m²
Building footprint
194 m²
Volume, LiDAR
1,702 m³
Parcel 11662E0590/00R032, Flanders · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nova Projects
Kapellensteenweg (C) 467, 2920 KalmthoutOffice administrative, office support and other business support activities
since 20212.319.008.692
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11662E0590/00R032 Flanders 1,372 m² 1 · 194 m² 19.5 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.

Similar companies · same sector, comparable size

Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 321 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
Founded17-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765321981
Also 9925:BE0765321981
Registered 20-05-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.