APR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of APR CONSTRUCT is 5.3% (elevated). The 2026 annual accounts show negative equity (-€12,694) and a net result of -€4,394. Equity is shrinking by about 61% per year across the filed financial years. Its solvency ranks better than 5% of 275 sector peers (NACE 41, financial year 2026). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€12,694
- Loss
- -€4,394
Why 34raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2022Liquidity: current ratio 0.95, cash €4, halvedNegative equity -€12,694Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 10% on solvency, 1% on liquidity, 20% on profitability and 10% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 30 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2026, micro format
2024 to 2026, 3 financial years
The operating result stays negative: a loss of €4,354 in 2026 against €5,630 in 2025; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91.6% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,555 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.
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €782 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€6,792 | -€5,243 | -€3,954 | ▲ 24.6% |
| Operating profit (loss)9901 | -€7,574 | -€5,630 | -€4,354 | ▲ 22.7% |
| Financial charges65/66B | €57 | €39 | €40 | ▲ 3.5% |
| Recurring financial charges65 | €57 | €39 | €40 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€7,631 | -€5,669 | -€4,394 | ▲ 22.5% |
| Profit (loss) for the period9904 | -€7,631 | -€5,669 | -€4,394 | ▲ 22.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,631 | -€5,669 | -€4,394 | ▲ 22.5% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €181,238 | €229,182 | €230,289 | ▲ 0.5% |
| Fixed assets21/28 | €200 | €200 | €200 | = |
| Financial fixed assets28 | €200 | €200 | €200 | = |
| Current assets29/58 | €181,038 | €228,982 | €230,089 | ▲ 0.5% |
| Stocks and contracts in progress3 | €177,226 | €227,528 | €228,912 | ▲ 0.6% |
| Stocks30/36 | €177,226 | €227,528 | €228,912 | ▲ 0.6% |
| Amounts receivable within one year40/41 | €147 | €248 | €60 | ▼ 76.0% |
| Other amounts receivable41 | €147 | €248 | €60 | ▼ 76.0% |
| Cash at bank and in hand54/58 | €2,301 | €65 | €4 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | €1,364 | €1,140 | €1,113 | ▼ 2.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €181,238 | €229,182 | €230,289 | ▲ 0.5% |
| Equity10/15 | -€2,631 | -€8,300 | -€12,694 | ▼ 52.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€7,631 | -€13,300 | -€17,694 | ▼ 33.0% |
| Amounts payable17/49 | €183,869 | €237,482 | €242,983 | ▲ 2.3% |
| Amounts payable within one year42/48 | €183,869 | €237,482 | €242,983 | ▲ 2.3% |
| Trade debts44 | €3,080 | €17,905 | €14,724 | ▼ 17.8% |
| Suppliers440/4 | €3,080 | €17,905 | €14,724 | ▼ 17.8% |
| Other amounts payable47/48 | €180,789 | €219,577 | €228,260 | ▲ 4.0% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,631 | -€5,669 | -€4,394 | ▲ 22.5% |
| Operating cash flow (approximation) | -€7,631 | -€5,669 | -€4,394 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€2,236 | -€61 | ▲ 97.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 02-10-2026 | 2026-00542851 |
| 31-03-2025 | micro format | 30-09-2025 | 2025-00513214 |
| 31-03-2024 | micro format | 02-10-2024 | 2024-00487649 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AUDENAERDE Peter René Hélène |
|
Owners and capital
Capital and shareholders
- AUDENAERDE Peter René Hélène 100 shares (100%) · €5,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 14-09-2022 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-09
Gazette deed
IncorporationAppointment: AUDENAERDE Peter René Hélène (director) · Founder · Founding capital5 facts ▸
- Incorporation, “APR CONSTRUCT” (deed in Dutch)
- Founder, AUDENAERDE Peter René Hélène
- Founding capital, €5,000
- Director appointment, AUDENAERDE Peter René Hélène (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen sedert 01-07-2022 aangegaan in haar naam en voor haar rekening” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0790.684.612
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24099C0378/00A004 | Flanders | 1,468 m² | 1 · 137 m² | 8.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het bouwen,verbouwen,renoveren van woningen zonder enige beperking; Het bouwen,verbouwen,renoveren van zwembaden voor privé…” (deed in Dutch)
20 activities (deed in Dutch)
- Het bouwen,verbouwen,renoveren van woningen zonder enige beperking
- Het bouwen,verbouwen,renoveren van zwembaden voor privé gebruik,residentieel en publiek gebruik
- Alle technische gerelateerde zwembadinstallaties waaronder,maar niet beperkt tot:rolluiken,filter en pompinstallaties,automatische doseringsinstallaties,warmtepompen en andere verwarmingssystemen,poolhousen,tuinhuizen en technische lokalen zonder enige beperking
- Omgevingsaanleg rondom zwembaden en woningen,bedrijfsterreinen,opritten
- Verhuur van materialen,machines,voertuigen,werktuigen zonder enige beperking
- Chartervaarten met eigen luxejacht of jachten in eigendom van private of professionele eigenaars
- Matroos,schipper en captain functies in opdracht van privé personen of ondernemingen,rederijen
- Gerechtsdeskundige groen,zwembadaanleg en omgevingsaanleg,gerechtsdeskundige scheepvaart & pleziervaart
- Herstellingen aan elektrische zwembadinstallaties en warmtepompen zonder enige beperking
- Het aankopen,verkopen,huren,verhuren,leasen,overdragen of ruilen en beheren en leveren van roerende goederen en onroerende goederen die rechtstreeks of onrechtstreeks met voormelde dienstverlening te maken hebben of die nuttig zijn voor de organisatie,begeleiding en reorganisatie van ondernemingen
- Het voor eigen rekening in België of in het buitenland verwerven,beheren en beleggen van onroerend vermogen en al wat er mee verband houdt zoals het onderhouden,de ontwikkeling,de renovatie,het bouwen en verbouwen,het verhuren en leasen,de huurkoop,de financiële en operationele leasing,sale-and-lease-back,de financiering in het algemeen,evenals het verkavelen,de aankoop en de verkoop van deze goederen
- Het organiseren en het verwerken voor haar huurders van alle administratie in haar ruimste betekenis,voor zover dit rechtstreeks of onrechtstreeks verband houdt met de activiteiten van haar huurders
- Het verwerven,beheren,valoriseren en cederen van alle roerende en onroerende goederen of rechten,onder gelijk welke vorm,zowel in volle eigendom,in naakte eigendom als in vruchtgebruik,zowel in binnen- en buitenland,met uitsluiting van handelingen als vastgoedmakelaar
- Haar onroerende goederen in hypotheek stellen en al haar goederen in pand stellen en aval verlenen voor alle leningen,kredietopeningen en andere verbintenissen,zowel voor zichzelf als voor alle derden
- De vennootschap werkt zowel voor eigen rekening als voor rekening van derden,zonder dat de hierboven vermelde opsomming beperkend kan worden opgevat
- Zij mag rechtstreeks of onrechtstreeks deelnemen in alle ondernemingen die een gelijkaardig doel nastreven of waarvan het doel in nauw verband staat
- Zij mag tevens de functies van bestuurder of vereffenaar uitoefenen
- Zij mag zich ook borgstellen en alle persoonlijke of zakelijke waarborgen geven ten voordele van ieder persoon of vennootschap,gebonden of niet
- In het algemeen zal de vennootschap alle commerciële,industriële,financiële,roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar doel,die van aard zijn de verwezenlijkingen ervan te vergemakkelijken of uit te breiden en die daartoe noodzakelijk zijn,nuttig of zelfs alleen bevorderend zijn
- De vennootschap mag daarenboven belangen nemen hetzij door deelneming,inbreng of op elke andere wijze in alle vennootschappen,ondernemingen,beroepsverenigingen
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Nietigheid, zowel bij overdracht onder levenden als ingevolge overlijden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of September at 20:00