APRIL
ActiveSummary
APRIL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €-6k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 24% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-10
Solvency29=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 65.9% and cash: 0% of total assets), and 96% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
4%
Return on assets
-0.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
1 d early
2022
30 d late
2021
122 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€31k▼ 15.3%
2023 · €36k
2018: €987
2019: €-14k▼ -1488% vs 2018lowest in 7 years
2020: €11k▲ +180% vs 2019
2021: €31k▲ +185% vs 2020
2022: €33k▲ +7.1% vs 2021
2023: €36k▲ +8.3% vs 2022highest in 7 years
2024: €31k▼ -15.3% vs 2023
2018 → 2024
Total assets
€777k▼ 3.7%
2023 · €807k
2018: €768klowest in 7 years
2019: €919k▲ +19.6% vs 2018highest in 7 years
2020: €916k▼ -0.2% vs 2019
2021: €892k▼ -2.6% vs 2020
2022: €844k▼ -5.5% vs 2021
2023: €807k▼ -4.4% vs 2022
2024: €777k▼ -3.7% vs 2023
2018 → 2024
Net result
€-6k
2023 · €4k
2018: €-21klowest in 7 years
2019: €-15k▲ +30.8% vs 2018
2020: €25k▲ +268% vs 2019highest in 7 years
2021: €20k▼ -17.8% vs 2020
2022: €3k▼ -85.2% vs 2021
2023: €4k▲ +20.3% vs 2022
2024: €-6k▼ -253% vs 2023
2018 → 2024
Working capital
€-512k▼ 2.7%
2023 · €-498k
2018: €-285khighest in 7 years
2019: €-476k▼ -66.7% vs 2018
2020: €-469k▲ +1.5% vs 2019
2021: €-485k▼ -3.5% vs 2020
2022: €-489k▼ -0.9% vs 2021
2023: €-498k▼ -1.9% vs 2022
2024: €-512k▼ -2.7% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€31k▲ 185%€33k▲ 7.1%€36k▲ 8.3%€31k▼ 15.3%
2020: €11klowest in 5 years
2021: €31k▲ +185% vs 2020
2022: €33k▲ +7.1% vs 2021
2023: €36k▲ +8.3% vs 2022highest in 5 years
2024: €31k▼ -15.3% vs 2023
Operating result€32k-€28k▼ 13.3%€9k▼ 67.9%€20k▲ 129%€12k▼ 43.0%
2020: €32khighest in 5 years
2021: €28k▼ -13.3% vs 2020
2022: €9k▼ -67.9% vs 2021lowest in 5 years
2023: €20k▲ +129% vs 2022
2024: €12k▼ -43.0% vs 2023
Net result€25k-€20k▼ 17.8%€3k▼ 85.2%€4k▲ 20.3%€-6k
2020: €25khighest in 5 years
2021: €20k▼ -17.8% vs 2020
2022: €3k▼ -85.2% vs 2021
2023: €4k▲ +20.3% vs 2022
2024: €-6k▼ -253% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €777k
Fixed assets
€777k ▼ 3.3%
Current assets
€189 ▼ 94.0%
Equity and liabilities €777k
Equity
€31k ▼ 15.3%
Debt
€747k ▼ 3.1%
Debt's share of the balance-sheet total rises from 95.5% to 96.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47k▼
2023 · €57k
Cash flow
€30k▼
2023 · €40k
Current ratio
0.00▼
2023 · 0.01
Debt to equity
24.29▲
2023 · 21.24
ROE
-18.1%▼
2023 · 10.0%
ROA
-0.7%▼
2023 · 0.4%
Interest coverage
2.77▼
2023 · 3.76
Debt ≤ 1 year
€512k▲
2023 · €502k
Debt > 1 year
€235k▼
2023 · €262k
Income taxes
€0▼
2023 · €2k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€807k€777k▼
Fixed assets21/28€804k€777k▼
Tangible fixed assets22/27€804k€777k▼
Land and buildings22€801k€771k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€3k€1k▼
Current assets29/58€3k€189▼
Cash at bank and in hand54/58€3k€189▼
Equity and liabilities
Total equity and liabilities10/49€807k€777k▼
Equity10/15€36k€31k▼
Contributions10/11€19k€19k=
Reserves13€51k€51k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€-34k€-39k▼
Amounts payable17/49€771k€747k▼
Amounts payable after more than one year17€262k€235k▼
Financial debts170/4€262k€235k▼
Amounts payable within one year42/48€502k€512k▲
Current portion of amounts payable after more than one year42€56k€31k▼
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€439k€460k▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20232024
Non-recurring operating income76A€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€36k▼
Other operating charges640/8€5k€7k▲
Gross operating margin9900€62k€54k▼
Operating profit (loss)9901€20k€12k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€5k€-6k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€4k€-6k▼
Profit (loss) for the period to be appropriated9905€4k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-39k▼
Profit (loss) brought forward from the previous period14P€-34k€-34k▲
Transfer to equity691/2€3k€0▼
To the legal reserve6920-€0
To other reserves6921€3k-
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €22k | €50k | €37k | €36k | ▼ 1.9% |
| Other operating charges640/8 | - | €3k | €3k | €5k | €7k | ▲ 38.5% |
| Gross operating margin9900 | €55k | €53k | €61k | €62k | €54k | ▼ 11.9% |
| Operating profit (loss)9901 | €32k | €28k | €9k | €20k | €12k | ▼ 43.0% |
| Financial income75/76B | - | €136 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €51 | €136 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €5k | €6k | €15k | €17k | ▲ 13.2% |
| Recurring financial charges65 | €5k | €5k | €6k | €15k | €17k | ▲ 13.2% |
| Profit (loss) for the period before taxes9903 | €27k | €22k | €3k | €5k | €-6k | ▼ 208% |
| Income taxes67/77 | €2k | €2k | €218 | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €25k | €20k | €3k | €4k | €-6k | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | €25k | €20k | €3k | €4k | €-6k | ▼ 253% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €916k | €892k | €844k | €807k | €777k | ▼ 3.7% |
| Fixed assets21/28 | €905k | €888k | €840k | €804k | €777k | ▼ 3.3% |
| Tangible fixed assets22/27 | €905k | €888k | €840k | €804k | €777k | ▼ 3.3% |
| Land and buildings22 | - | €880k | €834k | €801k | €771k | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €399 | €199 | - | €4k | - |
| Furniture and vehicles24 | - | €7k | €5k | €3k | €1k | ▼ 44.8% |
| Current assets29/58 | €12k | €5k | €4k | €3k | €189 | ▼ 94.0% |
| Cash at bank and in hand54/58 | €12k | €5k | €4k | €3k | €189 | ▼ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €916k | €892k | €844k | €807k | €777k | ▼ 3.7% |
| Equity10/15 | €11k | €31k | €33k | €36k | €31k | ▼ 15.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €26k | €46k | €49k | €51k | €51k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €45k | €47k | €51k | €51k | = |
| Profit (loss) carried forward14 | €-34k | €-34k | €-34k | €-34k | €-39k | ▼ 16.5% |
| Amounts payable17/49 | €905k | €861k | €810k | €771k | €747k | ▼ 3.1% |
| Amounts payable after more than one year17 | €422k | €368k | €315k | €262k | €235k | ▼ 10.4% |
| Financial debts170/4 | - | €368k | €315k | €262k | €235k | ▼ 10.4% |
| Amounts payable within one year42/48 | €480k | €490k | €494k | €502k | €512k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €53k | €53k | €56k | €31k | ▼ 44.9% |
| Financial debts43 | - | - | - | - | €4k | - |
| Credit institutions430/8 | - | - | - | - | €4k | - |
| Trade debts44 | €5k | €6k | €5k | €5k | €16k | ▲ 222% |
| Suppliers440/4 | - | €6k | €5k | €5k | €16k | ▲ 222% |
| Taxes, remuneration and social security45 | - | €4k | €2k | €2k | €2k | ▼ 12.6% |
| Taxes450/3 | - | €4k | €2k | €2k | €2k | ▼ 12.6% |
| Other amounts payable47/48 | - | €426k | €433k | €439k | €460k | ▲ 4.8% |
| Accrued charges and deferred income492/3 | - | €3k | €2k | €7k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €20k | €3k | €4k | €-6k | ▼ 253% |
| + Depreciation and write-downs630 | €21k | €22k | €50k | €37k | €36k | ▼ 1.9% |
| Operating cash flow (approximation) | €45k | €43k | €53k | €40k | €30k | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | €-788 | €-9k | ▼ 1,051% |
| Change in cash | - | €-7k | €-624 | €-1k | €-3k | ▼ 175% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 6 days late
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koksijde · 1 establishment unit since 1998
Ground area
2,498 m²
Building footprint
466 m²
Volume, LiDAR
5,129 m³
2 parcels, Flanders · tallest building 22.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
APRIL
since 19982.089.603.692
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0603/00_000 | Flanders | 2,291 m² | 1 · 259 m² | 10.8 m · 1 fl. |
| 38502G0052/00_000 | Flanders | 207 m² | 1 · 207 m² | 22.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 2,729 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
Founded25-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.