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APR

Active
Private limited companyfounded 20224 yrs activeKBO/BCE: BE 0780.410.233

The file of APR contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 8.5% (elevated). The 2024 annual accounts show equity of €33,447 and a net result of €4,363. Equity is growing by ~24.9% per year across the filed fiscal years.

Checked score

Score 2024
Axes · tick = 2023
Profitability78▼-7
Solvency81▲+8
Growth52=
Track record71
Bankruptcy probability, 12 months
8.5% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.26 against 1.28 in 2023; short-term debt: 44.3% and cash: 5.2% of total assets), and 44.3% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
55.7%
Return on assets
7.3%
Age of the figures
21 mo
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-06-2025, 54 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
54 d early
2023
31 d late
2022
42 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance

History

On 13 January 2022, APR was incorporated as a Private limited company.1 Total assets went from EUR 51,017 in 2022 to EUR 60,057 in 2024.2 The company was declared bankrupt on 18 September 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024
  3. 3Belgian State Gazette, 24-09-2025

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Financials · fiscal year 2024, micro schema

Equity
€33,447▲ 15.0%
2023 · €29,084
Total assets
€60,057▼ 1.8%
2023 · €61,140
Net result
€4,363▼ 44.8%
2023 · €7,899
Working capital
€33,447▲ 268%
2023 · €9,084
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
Line202220232024
Operating result€11,295-€10,607▼ 6.1%€6,210▼ 41.5%
Net result€8,948-€7,899▼ 11.7%€4,363▼ 44.8%
Equity€18,948-€29,084▲ 53.5%€33,447▲ 15.0%
Total assets€51,017-€61,140▲ 19.8%€60,057▼ 1.8%
Debt€32,069-€32,056=€26,609▼ 17.0%
Working capital-€21,052-€9,084€33,447▲ 268%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000Operating result 2022: €11,295€11,295Net result 2022: €8,948€8,948Operating result 2023: €10,607€10,607Net result 2023: €7,899€7,899Operating result 2024: €6,210€6,210Net result 2024: €4,363€4,363202220232024€0€5,000€10,000Operating result 2022: €11,295€11,300Net result 2022: €8,948€8,950Operating result 2023: €10,607€10,600Net result 2023: €7,899€7,900Operating result 2024: €6,210€6,210Net result 2024: €4,363€4,360202220232024
The operating result has fallen two years in a row; 2024 is 41% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €60,057
Equity €33,447 ▲ 15.0%
Debt €26,609 ▼ 17.0%
Debt's share of the balance-sheet total falls from 52.4% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€26,210▼
2023 · €30,607
Cash flow
€24,363▼
2023 · €27,899
Current ratio
2.26▲
2023 · 1.28
Debt to equity
0.80▼
2023 · 1.10
ROE
13.0%▼
2023 · 27.2%
ROA
7.3%▼
2023 · 12.9%
Interest coverage
133.49▼
2023 · 407.92
Debt ≤ 1 year
€26,609▼
2023 · €32,056
Income taxes
€1,650▼
2023 · €2,633
Staff costs
€35,132▲
2023 · €30,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 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
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 8.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 39,275 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€61,140€60,057▼
Fixed assets21/28€20,000-
Tangible fixed assets22/27€20,000-
Furniture and vehicles24€20,000-
Current assets29/58€41,140€60,057▲
Amounts receivable within one year40/41€34,444€56,944▲
Trade receivables40€30,409€41,587▲
Other amounts receivable41€4,036€15,358▲
Cash at bank and in hand54/58€6,096€3,113▼
Deferred charges and accrued income490/1€600-
Equity and liabilities
Total equity and liabilities10/49€61,140€60,057▼
Equity10/15€29,084€33,447▲
Contributions10/11€10,000€10,000=
Outside capital11€10,000€10,000=
Share premium1100/10€10,000€10,000=
Reserves13€1,000€1,000=
Non-distributable reserves130/1€1,000€1,000=
Legal reserve130€1,000€1,000=
Profit (loss) carried forward14€18,084€22,447▲
Amounts payable17/49€32,056€26,609▼
Amounts payable within one year42/48€32,056€26,609▼
Trade debts44€194€331▲
Suppliers440/4€194€331▲
Taxes, remuneration and social security45€24,967€26,279▲
Taxes450/3€19,942€13,814▼
Remuneration and social security454/9€5,025€12,465▲
Other amounts payable47/48€6,896-
Income statement Code20232024
Remuneration, social security and pensions62€30,158€35,132▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,000€20,000=
Other operating charges640/8€109€368▲
Gross operating margin9900€60,874€61,710▲
Operating profit (loss)9901€10,607€6,210▼
Financial charges65/66B€75€196▲
Recurring financial charges65€75€196▲
Profit (loss) for the period before taxes9903€10,532€6,013▼
Income taxes67/77€2,633€1,650▼
Profit (loss) for the period9904€7,899€4,363▼
Profit (loss) for the period to be appropriated9905€7,899€4,363▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,084€22,447▲
Profit (loss) brought forward from the previous period14P€11,185€18,084▲
Transfer to equity691/2€1,000-
To the legal reserve6920€1,000-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62-€30,158€35,132▲ 16.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,000€20,000€20,000=
Other operating charges640/8-€109€368▲ 238%
Gross operating margin9900€31,295€60,874€61,710▲ 1.4%
Operating profit (loss)9901€11,295€10,607€6,210▼ 41.5%
Financial charges65/66B€110€75€196▲ 162%
Recurring financial charges65€110€75€196▲ 162%
Profit (loss) for the period before taxes9903€11,185€10,532€6,013▼ 42.9%
Income taxes67/77€2,237€2,633€1,650▼ 37.3%
Profit (loss) for the period9904€8,948€7,899€4,363▼ 44.8%
Profit (loss) for the period to be appropriated9905€8,948€7,899€4,363▼ 44.8%
Line202220232024Change
Assets
Total assets20/58€51,017€61,140€60,057▼ 1.8%
Fixed assets21/28€40,000€20,000--
Tangible fixed assets22/27€40,000€20,000--
Furniture and vehicles24€40,000€20,000--
Current assets29/58€11,017€41,140€60,057▲ 46.0%
Amounts receivable within one year40/41€6,138€34,444€56,944▲ 65.3%
Trade receivables40€4,235€30,409€41,587▲ 36.8%
Other amounts receivable41€1,903€4,036€15,358▲ 281%
Cash at bank and in hand54/58€4,879€6,096€3,113▼ 48.9%
Deferred charges and accrued income490/1-€600--
Equity and liabilities
Total equity and liabilities10/49€51,017€61,140€60,057▼ 1.8%
Equity10/15€18,948€29,084€33,447▲ 15.0%
Contributions10/11€10,000€10,000€10,000=
Outside capital11-€10,000€10,000=
Share premium1100/10-€10,000€10,000=
Reserves13-€1,000€1,000=
Non-distributable reserves130/1-€1,000€1,000=
Legal reserve130-€1,000€1,000=
Profit (loss) carried forward14€8,948€18,084€22,447▲ 24.1%
Amounts payable17/49€32,069€32,056€26,609▼ 17.0%
Amounts payable within one year42/48€32,069€32,056€26,609▼ 17.0%
Trade debts44€20,000€194€331▲ 70.7%
Suppliers440/4€20,000€194€331▲ 70.7%
Taxes, remuneration and social security45€2,237€24,967€26,279▲ 5.3%
Taxes450/3€2,237€19,942€13,814▼ 30.7%
Remuneration and social security454/9-€5,025€12,465▲ 148%
Other amounts payable47/48€9,832€6,896--
Line202220232024Change
Profit (loss) for the period9904€8,948€7,899€4,363▼ 44.8%
+ Depreciation and write-downs630€20,000€20,000€20,000=
Operating cash flow (approximation)€28,948€27,899€24,363▼ 12.7%
Investment in fixed assets (approximation)-€0--
Change in cash-€1,217-€2,983▼ 345%

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

2026
20-01
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-01-2026
2025
24-09
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-09-2025
18-08
KBO administration UBO non-compliance
event 04-08-2025
07-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €4,363 ▼44.8%
Net result drops to €4,363, the lowest in the series.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Liquidity quadruplescurrent ratio 1.28
Current ratio from 0.34 to 1.28; short-term debt falls from €32,069 to €32,056.
11-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
641 m²
Building footprint
343 m²
Volume, LiDAR
4,499 m³
Parcel 11345B0225/00S017, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
APR
Business consulting
since 20222.326.403.854
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11345B0225/00S017 Flanders 641 m² 1 · 342 m² 16.3 m · 5 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator DIRK DEVROE
KROMVENDREEF 15, 2900 SCHOTEN-
18-09-2025 → 15-01-2026

Identification & contact

Identification
Legal formPrivate limited company
Founded13-01-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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