APS CONSTRUCT
ActiveSummary
APS CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €18k. Equity is growing by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.88 against 4.02 in 2024; short-term debt: 8.1% and cash: 27% of total assets), and 8.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.9%
Return on assets
25.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
6 d early
2023
7 d early
2021
9 d early
2020
58 d late
2019
5 d early
2018
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▲ 39.0%
2024 · €47k
2018: €16k
2019: €6k▼ -60.1% vs 2018
2020: €4k▼ -33.7% vs 2019lowest value
2021: €13k▲ +202% vs 2020
2023: €20k
2024: €47k▲ +130% vs 2023
2025: €65k▲ +39.0% vs 2024highest value
2018 → 2025
Total assets
€71k▲ 13.7%
2024 · €62k
2018: €24k
2019: €22k▼ -9.2% vs 2018lowest value
2020: €35k▲ +56.8% vs 2019
2021: €41k▲ +17.6% vs 2020
2023: €33k
2024: €62k▲ +88.3% vs 2023
2025: €71k▲ +13.7% vs 2024highest value
2018 → 2025
Net result
€18k▼ 31.1%
2024 · €26k
2018: €-14klowest value
2019: €-9k▲ +33.5% vs 2018
2020: €-2k▲ +77.7% vs 2019
2021: €8k▲ +497% vs 2020
2023: €7k
2024: €26k▲ +277% vs 2023highest value
2025: €18k▼ -31.1% vs 2024
2018 → 2025
Working capital
€22k▼ 52.2%
2024 · €47k
2018: €15k
2019: €6k▼ -58.1% vs 2018
2020: €-1k▼ -122% vs 2019lowest value
2021: €10k▲ +801% vs 2020
2023: €20k
2024: €47k▲ +130% vs 2023highest value
2025: €22k▼ -52.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€4k-€13k▲ 202%€20k▲ 61.8%€47k▲ 130%€65k▲ 39.0%
2020: €4klowest value
2021: €13k▲ +202% vs 2020
2023: €20k
2024: €47k▲ +130% vs 2023
2025: €65k▲ +39.0% vs 2024highest value
Operating result€-2k-€9k€7k▼ 17.3%€27k▲ 271%€26k▼ 1.9%
2020: €-2klowest value
2021: €9k▲ +523% vs 2020
2023: €7k
2024: €27k▲ +271% vs 2023highest value
2025: €26k▼ -1.9% vs 2024
Net result€-2k-€8k€7k▼ 16.3%€26k▲ 277%€18k▼ 31.1%
2020: €-2klowest value
2021: €8k▲ +497% vs 2020
2023: €7k
2024: €26k▲ +277% vs 2023highest value
2025: €18k▼ -31.1% vs 2024
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 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€43k
Current assets
€28k
Equity and liabilities €71k
Equity
€65k ▲ 39.0%
Debt
€6k ▼ 62.8%
Debt's share of the balance-sheet total falls from 24.9% to 8.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k
Cash flow
€19k
Current ratio
4.88▲
2024 · 4.02
Debt to equity
0.09▼
2024 · 0.33
ROE
28.1%▼
2024 · 56.6%
ROA
25.8%▼
2024 · 42.5%
Interest coverage
52.53
Debt ≤ 1 year
€6k▼
2024 · €15k
Income taxes
€7k
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€62k€71k▲
Fixed assets21/28-€43k
Tangible fixed assets22/27-€43k
Furniture and vehicles24-€43k
Current assets29/58€62k€28k▼
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€8k€2k▼
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€51k€19k▼
Deferred charges and accrued income490/1€48-
Equity and liabilities
Total equity and liabilities10/49€62k€71k▲
Equity10/15€47k€65k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€26k€44k▲
Amounts payable17/49€15k€6k▼
Amounts payable within one year42/48€15k€6k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Other amounts payable47/48€12k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€149€502▲
Gross operating margin9900€27k€28k▲
Operating profit (loss)9901€27k€26k▼
Financial charges65/66B€179€519▲
Recurring financial charges65€179€519▲
Profit (loss) for the period before taxes9903€26k€26k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€26k€18k▼
Profit (loss) for the period to be appropriated9905€26k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€44k▲
Profit (loss) brought forward from the previous period14P€-231€26k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €15 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €-13 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | - | - | €1k | - |
| Other operating charges640/8 | - | €3k | €414 | €149 | €502 | ▲ 238% |
| Gross operating margin9900 | €1k | €14k | €8k | €27k | €28k | ▲ 4.0% |
| Operating profit (loss)9901 | €-2k | €9k | €7k | €27k | €26k | ▼ 1.9% |
| Financial income75/76B | - | €0 | €1 | - | - | - |
| Recurring financial income75 | €106 | €0 | €1 | - | - | - |
| Financial charges65/66B | - | €292 | €160 | €179 | €519 | ▲ 189% |
| Recurring financial charges65 | €165 | €292 | €160 | €179 | €519 | ▲ 189% |
| Profit (loss) for the period before taxes9903 | €-2k | €8k | €7k | €26k | €26k | ▼ 3.2% |
| Income taxes67/77 | - | - | - | - | €7k | - |
| Profit (loss) for the period9904 | €-2k | €8k | €7k | €26k | €18k | ▼ 31.1% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €8k | €7k | €26k | €18k | ▼ 31.1% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €41k | €33k | €62k | €71k | ▲ 13.7% |
| Fixed assets21/28 | €6k | €3k | - | - | €43k | - |
| Tangible fixed assets22/27 | €6k | €3k | - | - | €43k | - |
| Furniture and vehicles24 | - | €3k | - | - | €43k | - |
| Current assets29/58 | €29k | €38k | €33k | €62k | €28k | ▼ 54.9% |
| Amounts receivable within one year40/41 | €18k | €18k | €6k | €11k | €9k | ▼ 16.8% |
| Trade receivables40 | - | €16k | €180 | €8k | €2k | ▼ 76.5% |
| Other amounts receivable41 | - | €2k | €6k | €3k | €7k | ▲ 173% |
| Cash at bank and in hand54/58 | €11k | €20k | €27k | €51k | €19k | ▼ 62.8% |
| Deferred charges and accrued income490/1 | - | €8 | - | €48 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €41k | €33k | €62k | €71k | ▲ 13.7% |
| Equity10/15 | €4k | €13k | €20k | €47k | €65k | ▲ 39.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-16k | €-8k | €-231 | €26k | €44k | ▲ 69.5% |
| Amounts payable17/49 | €31k | €28k | €13k | €15k | €6k | ▼ 62.8% |
| Amounts payable within one year42/48 | €31k | €28k | €13k | €15k | €6k | ▼ 62.8% |
| Trade debts44 | €984 | €7k | €693 | €3k | €3k | ▼ 9.8% |
| Suppliers440/4 | - | €7k | €693 | €3k | €3k | ▼ 9.8% |
| Taxes, remuneration and social security45 | - | €16k | - | - | - | - |
| Remuneration and social security454/9 | - | €16k | - | - | - | - |
| Other amounts payable47/48 | - | €6k | €12k | €12k | €3k | ▼ 77.8% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €8k | €7k | €26k | €18k | ▼ 31.1% |
| + Depreciation and write-downs630 | €3k | €3k | - | - | €1k | - |
| Operating cash flow (approximation) | €662 | €11k | €7k | €26k | €19k | ▼ 26.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €9k | - | €25k | €-32k | ▼ 231% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26k ▲277%
Operating result €27k, net result €26k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Agatha-Berchem · 1 establishment unit since 2008
Ground area
290 m²
Building footprint
293 m²
Volume, LiDAR
2,049 m³
Parcel 21342B0043/00F003, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
295
companies at this address
See who is registered here
1 establishment unit
APS CONSTRUCT
since 20082.180.848.723
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,198 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 (pre-2019)
Founded19-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.