Equity
-€12,694
Debts exceed assets in financial year 2026.
APR CONSTRUCT
Lifetime
3 annual accounts with figures on one time axispeak -€3,954 (2026)
-€3,954▲ €1,288
lowest -€7,631 (2024)
-€4,394▲ €1,275
peak -€2,631 (2024)
-€12,694▼ €4,394
€242,983▲ 2.3%
Board1 name since 2022
1 directorAUDENAERDE Peter René Hélène
Documentsfilings and deeds
02-10-202629 days before the deadline
2026micro format
Gross margin from -€5,243 to -€3,954Loss of €4,394Equity from -€8,300 to -€12,694Cash from €65 to €4
Key points
from the 2026 annual accountsLosses
-€17,694 in three years
Every financial year from 2024 to 2026 closed with a loss. 2024 was the heaviest.
Debts
€242,983 106% of the balance sheet
Turnover not published (micro format)
Checked score
34
Weak
Financially stronger than 10% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.7%
01-2025: 4.7%● unchanged vs 12-2024
02-2025: 4.7%● unchanged vs 01-2025
03-2025: 4.7%● unchanged vs 02-2025
04-2025: 4.6%▼ -0.1 percentage points vs 03-2025lowest value
05-2025: 4.6%● unchanged vs 04-2025lowest value
06-2025: 4.6%● unchanged vs 05-2025lowest value
07-2025: 4.8%▲ +0.2 percentage points vs 06-2025
08-2025: 4.8%● unchanged vs 07-2025
09-2025: 4.7%▼ -0.1 percentage points vs 08-2025
10-2025: 5.8%▲ +1.1 percentage points vs 09-2025
11-2025: 5.8%● unchanged vs 10-2025
12-2025: 5.9%▲ +0.1 percentage points vs 11-2025highest value
01-2026: 5.9%● unchanged vs 12-2025highest value
02-2026: 5.9%● unchanged vs 01-2026highest value
03-2026: 5.9%● unchanged vs 02-2026highest value
04-2026: 5.9%● unchanged vs 03-2026highest value
05-2026: 5.4%▼ -0.5 percentage points vs 04-2026
06-2026: 5.4%● unchanged vs 05-2026
07-2026: 5.3%▼ -0.1 percentage points vs 06-2026
08-2026: 5.5%▲ +0.2 percentage points vs 07-2026
09-2026: 5.3%▼ -0.2 percentage points vs 08-2026
10-2026: 5.3%● unchanged vs 09-2026
11-2026: 5.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2022
Liquidity: current ratio 0.95, cash €4, halved
Negative equity -€12,694
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, micro). It does better than 10% of them on solvency, 1% on liquidity, 20% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 1,555 companies had the same profile as APR CONSTRUCT has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APR CONSTRUCT itself: 5.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,555 companies, not a prediction for APR CONSTRUCT. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.95 (0.96 in 2025), below 1. Short-term debt is 105.5% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
242526
2024 to 2026 · latest year -€12,694
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-10-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
29 days early
2025
31 days early
2024
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 30 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 2 October (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790684612
Incorporation
Founding capital of €5,000, 100 shares · Founder: AUDENAERDE Peter René Hélène · Appointment: AUDENAERDE Peter René Hélène (director) · published on 14-09-2022 · Gazette deed
First establishment
Veeweidestraat 31, Huldenberg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APR CONSTRUCT Huldenberg | €230,289 | -€3,954 | -5.5% | - |
| WM PHOENIX GROUP Tienen | €199,177 | -€1,007 | 31.4% | - |
| AGV IMMO Vilvoorde | €277,856 | -€4,983 | 29.8% | - |
| PFR IMMO Philippeville | €227,651 | -€4,043 | -20.9% | - |
| JBA-Algemene bouwwerken Beringen | €222,516 | -€2,684 | -5.9% | - |
| SEVINA Beveren-Kruibeke-Zwijndrecht | €230,363 | -€9,431 | 15.8% | - |
| Vanderheyden Vastgoed Peer | €196,296 | -€3,486 | -1.1% | - |
These companies have the same main activity as APR CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €196,000 and €278,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 12-09-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.336.332.4963040 Huldenberg, since 12-09-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 01-12-2025
Annual accounts to 31-03-2026
- €230,289▲ 0.5%
- Filing
- Filed on 02-10-2026, 29 days before the end of the filing period
Insights on APR CONSTRUCT
APR CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from -€6,792 in 2024 to -€3,954 in 2026.
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 APR CONSTRUCT
- What is the company number of APR CONSTRUCT?
- The company number of APR CONSTRUCT is 0790.684.612. The VAT number is the same number with BE in front: BE 0790.684.612.
- Where is APR CONSTRUCT based?
- The registered office is at Veeweidestraat 31, 3040 Huldenberg.Company details
- What does APR CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of APR CONSTRUCT?
- APR CONSTRUCT is a private limited company (BV).
- When was APR CONSTRUCT founded?
- APR CONSTRUCT was founded on 12-09-2022.
- Is APR CONSTRUCT still active?
- Yes, APR CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of APR CONSTRUCT?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it.Financials
- Is APR CONSTRUCT profitable?
- In financial year 2026, APR CONSTRUCT made a loss of €4,394.
- Where can I find the annual accounts of APR CONSTRUCT?
- APR CONSTRUCT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of APR CONSTRUCT due?
- APR CONSTRUCT must file the annual accounts for financial year 2027 by 31-10-2027.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 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 Compare this company with its sector.Sector benchmark
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