APR
ActiveSummary
APR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €-8k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 30% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-41
Solvency59▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 8.63 against 3.2 in 2023; short-term debt: 2.4% and cash: 8.8% of total assets), but 66% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
34%
Return on assets
-7.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
24 d early
2022
44 d early
2021
on the day
2020
13 d late
2019
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 18.0%
2023 · €46k
2018: €7klowest in 7 years
2019: €7k▲ +0.8% vs 2018
2020: €7k▲ +0.8% vs 2019
2021: €7k▲ +0.1% vs 2020
2022: €7k▲ +0.1% vs 2021
2023: €46k▲ +566% vs 2022highest in 7 years
2024: €37k▼ -18.0% vs 2023
2018 → 2024
Total assets
€110k▼ 28.6%
2023 · €154k
2018: €102k
2019: €93k▼ -8.9% vs 2018
2020: €57k▼ -39.0% vs 2019
2021: €29k▼ -48.5% vs 2020lowest in 7 years
2022: €32k▲ +10.4% vs 2021
2023: €154k▲ +381% vs 2022highest in 7 years
2024: €110k▼ -28.6% vs 2023
2018 → 2024
Net result
€-8k
2023 · €39k
2018: €151
2019: €54▼ -64.3% vs 2018
2020: €54▼ -0.3% vs 2019
2021: €6▼ -88.9% vs 2020
2022: €8▲ +27.2% vs 2021
2023: €39k▲ +513147% vs 2022highest in 7 years
2024: €-8k▼ -121% vs 2023lowest in 7 years
2018 → 2024
Working capital
€20k▼ 33.3%
2023 · €30k
2018: €-27klowest in 7 years
2019: €-8k▲ +72.4% vs 2018
2020: €13k▲ +270% vs 2019
2021: €4k▼ -66.7% vs 2020
2022: €5k▲ +20.1% vs 2021
2023: €30k▲ +480% vs 2022highest in 7 years
2024: €20k▼ -33.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€7k▲ 0.1%€7k▲ 0.1%€46k▲ 566%€37k▼ 18.0%
2020: €7klowest in 5 years
2021: €7k▲ +0.1% vs 2020
2022: €7k▲ +0.1% vs 2021
2023: €46k▲ +566% vs 2022highest in 5 years
2024: €37k▼ -18.0% vs 2023
Operating result€1k-€1k▼ 6.2%€907▼ 20.1%€54k▲ 5,812%€-8k
2020: €1k
2021: €1k▼ -6.2% vs 2020
2022: €907▼ -20.1% vs 2021
2023: €54k▲ +5812% vs 2022highest in 5 years
2024: €-8k▼ -115% vs 2023lowest in 5 years
Net result€54-€6▼ 88.9%€8▲ 27.2%€39k▲ 513,147%€-8k
2020: €54
2021: €6▼ -88.9% vs 2020
2022: €8▲ +27.2% vs 2021
2023: €39k▲ +513147% vs 2022highest in 5 years
2024: €-8k▼ -121% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €54k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110k
Fixed assets
€88k ▼ 21.0%
Current assets
€23k ▼ 48.1%
Equity and liabilities €110k
Equity
€37k ▼ 18.0%
Provisions
€10k ▼ 21.4%
Debt
€63k ▼ 34.7%
Debt's share of the balance-sheet total falls from 62.0% to 56.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2023 · €62k
Cash flow
€16k▼
2023 · €47k
Current ratio
8.63▲
2023 · 3.20
Debt to equity
1.67▼
2023 · 2.10
ROE
-21.9%▼
2023 · 85.0%
ROA
-7.5%▼
2023 · 25.2%
Interest coverage
5.92▼
2023 · 57.02
Debt ≤ 1 year
€3k▼
2023 · €14k
Debt > 1 year
€60k▼
2023 · €79k
Income taxes
€330▼
2023 · €738
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€154k€110k▼
Fixed assets21/28€111k€88k▼
Tangible fixed assets22/27€111k€88k▼
Furniture and vehicles24€111k€88k▼
Other tangible fixed assets26€426€0▼
Current assets29/58€43k€23k▼
Amounts receivable within one year40/41€26k€13k▼
Trade receivables40€10k€2k▼
Other amounts receivable41€16k€11k▼
Cash at bank and in hand54/58€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€154k€110k▼
Equity10/15€46k€37k▼
Contributions10/11€6k€6k=
Reserves13€40k€31k▼
Non-distributable reserves130/1€658€658=
Reserves not available under the articles1311€658€658=
Tax-exempt reserves132€39k€31k▼
Profit (loss) carried forward14€9€88▲
Provisions and deferred taxes16€13k€10k▼
Deferred taxes168€13k€10k▼
Amounts payable17/49€96k€63k▼
Amounts payable after more than one year17€79k€60k▼
Financial debts170/4€79k€60k▼
Amounts payable within one year42/48€14k€3k▼
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Taxes, remuneration and social security45€742€330▼
Taxes450/3€742€330▼
Other amounts payable47/48€412€36▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€25k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€66k€19k▼
Operating profit (loss)9901€54k€-8k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€53k€-11k▼
Transfer from deferred taxes780€895€3k▲
Transfer to deferred taxes680€14k-
Income taxes67/77€738€330▼
Profit (loss) for the period9904€39k€-8k▼
Transfer from tax-exempt reserves789€3k€8k▲
Transfer to tax-exempt reserves689€42k-
Profit (loss) for the period to be appropriated9905€9€79▲
Appropriation of the result
Profit (loss) to be appropriated9906€9€88▲
Profit (loss) brought forward from the previous period14P-€9
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €21k | €854 | €8k | €25k | ▲ 190% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-30k | - | - | - | - |
| Other operating charges640/8 | - | €4k | €3k | €4k | €3k | ▼ 34.9% |
| Gross operating margin9900 | €26k | €-3k | €5k | €66k | €19k | ▼ 70.8% |
| Operating profit (loss)9901 | €1k | €1k | €907 | €54k | €-8k | ▼ 115% |
| Financial income75/76B | - | €0 | €0 | €0 | €1 | ▲ 103% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €1 | ▲ 103% |
| Financial charges65/66B | - | €25 | €25 | €1k | €3k | ▲ 159% |
| Recurring financial charges65 | €21 | €25 | €25 | €1k | €3k | ▲ 159% |
| Profit (loss) for the period before taxes9903 | €1k | €1k | €882 | €53k | €-11k | ▼ 120% |
| Transfer from deferred taxes780 | - | - | - | €895 | €3k | ▲ 209% |
| Transfer to deferred taxes680 | - | - | - | €14k | - | - |
| Income taxes67/77 | €1k | €1k | €875 | €738 | €330 | ▼ 55.3% |
| Profit (loss) for the period9904 | €54 | €6 | €8 | €39k | €-8k | ▼ 121% |
| Transfer from tax-exempt reserves789 | - | - | - | €3k | €8k | ▲ 209% |
| Transfer to tax-exempt reserves689 | - | - | - | €42k | - | - |
| Profit (loss) for the period to be appropriated9905 | €54 | €6 | €8 | €9 | €79 | ▲ 775% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €29k | €32k | €154k | €110k | ▼ 28.6% |
| Fixed assets21/28 | €24k | €3k | €2k | €111k | €88k | ▼ 21.0% |
| Tangible fixed assets22/27 | €24k | €3k | €2k | €111k | €88k | ▼ 21.0% |
| Furniture and vehicles24 | - | €1k | €857 | €111k | €88k | ▼ 20.7% |
| Other tangible fixed assets26 | - | €1k | €851 | €426 | €0 | ▼ 100% |
| Current assets29/58 | €33k | €27k | €30k | €43k | €23k | ▼ 48.1% |
| Amounts receivable within one year40/41 | €3k | €11k | €26k | €26k | €13k | ▼ 49.7% |
| Trade receivables40 | - | €2k | €26k | €10k | €2k | ▼ 78.8% |
| Other amounts receivable41 | - | €10k | - | €16k | €11k | ▼ 31.9% |
| Cash at bank and in hand54/58 | €30k | €15k | €4k | €18k | €10k | ▼ 45.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €29k | €32k | €154k | €110k | ▼ 28.6% |
| Equity10/15 | €7k | €7k | €7k | €46k | €37k | ▼ 18.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €645 | €651 | €658 | €40k | €31k | ▼ 21.0% |
| Non-distributable reserves130/1 | - | €651 | €658 | €658 | €658 | = |
| Reserves not available under the articles1311 | - | €651 | €658 | €658 | €658 | = |
| Tax-exempt reserves132 | - | - | - | €39k | €31k | ▼ 21.4% |
| Profit (loss) carried forward14 | - | - | - | €9 | €88 | ▲ 875% |
| Provisions and deferred taxes16 | €30k | - | - | €13k | €10k | ▼ 21.4% |
| Deferred taxes168 | - | - | - | €13k | €10k | ▼ 21.4% |
| Amounts payable17/49 | €20k | €22k | €25k | €96k | €63k | ▼ 34.7% |
| Amounts payable after more than one year17 | - | - | - | €79k | €60k | ▼ 24.1% |
| Financial debts170/4 | - | - | - | €79k | €60k | ▼ 24.1% |
| Amounts payable within one year42/48 | €20k | €22k | €25k | €14k | €3k | ▼ 80.8% |
| Trade debts44 | €19k | €21k | €24k | €12k | €2k | ▼ 81.9% |
| Suppliers440/4 | - | €21k | €24k | €12k | €2k | ▼ 81.9% |
| Taxes, remuneration and social security45 | - | €1k | €1k | €742 | €330 | ▼ 55.5% |
| Taxes450/3 | - | €1k | €1k | €742 | €330 | ▼ 55.5% |
| Other amounts payable47/48 | - | €306 | €313 | €412 | €36 | ▼ 91.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54 | €6 | €8 | €39k | €-8k | ▼ 121% |
| + Depreciation and write-downs630 | €23k | €21k | €854 | €8k | €25k | ▲ 190% |
| Operating cash flow (approximation) | €23k | €21k | €861 | €47k | €16k | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-118k | €-1k | ▲ 98.9% |
| Change in cash | - | €-15k | €-11k | €14k | €-8k | ▼ 160% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 8.63
Current ratio from 3.20 to 8.63; short-term debt falls from €14k to €3k.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €39k ▲513,147%
Operating result €54k, net result €39k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.20
Current ratio from 1.20 to 3.20; short-term debt falls from €25k to €14k.
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
05-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 5 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2016
21-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis-Waas · 1 establishment unit since 2008
Ground area
1,669 m²
Building footprint
154 m²
Volume, LiDAR
731 m³
Parcel 46020D0676/00F000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APR
since 20082.174.542.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020D0676/00F000 | Flanders | 1,669 m² | 1 · 153 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 36,228 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
Founded08-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.