APTCO TECHNOLOGIES
InactiveFinancials · financial year 2025, full format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00558818.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 33 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €460,000
Estimated: probably between €280,000 and €870,000
EBIT margin
Not included in this filing
Net result
€362,692
2024 · -€2,933
Working capital
€178,066▲ 18.5%
2024 · €150,313
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €126,009, after a profit of €37,978 in 2024. It is the lowest result since 2021.
Operating result-€0.1m
2025
Net result€0.4m
2025
Total assets€0.6m
2025
Equity€0.2m
2025
Debt€0.4m
2025
Working capital€0.2m
2025
Staff (FTE)1.4
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m--€0.05m-€0.006m▲ 88.0%€0.004m-€0.003m€0.02m€0.04m▲ 147%-€0.1m
Net result€0.02m--€0.05m-€0.02m▲ 50.2%-€0.001m▲ 95.2%€0.1m-€0.007m-€0.003m▲ 59.6%€0.4m
Equity€0.2m-€0.1m▼ 30.2%€0.08m▼ 21.6%€0.08m▼ 1.3%€0.2m▲ 135%€0.2m▼ 3.7%€0.2m▼ 1.6%€0.2m=
Total assets€0.5m-€0.6m▲ 25.4%€0.8m▲ 23.6%€0.9m▲ 11.5%€0.8m▼ 4.2%€0.9m▲ 4.7%€1.3m▲ 49.1%€0.6m▼ 54.5%
Debt€0.4m-€0.5m▲ 49.1%€0.7m▲ 32.6%€0.8m▲ 13.0%€0.7m▼ 18.5%€0.7m▲ 7.2%€1.1m▲ 62.6%€0.4m▼ 63.4%
Working capital€0.03m-€0.01m▼ 65.1%€0.01m▲ 31.7%€0.03m▲ 93.4%€0.2m▲ 518%€0.1m▼ 21.4%€0.2m▲ 17.5%€0.2m▲ 18.5%
Staff (FTE)1-1=1=1=2▲ 100%1.4▼ 30.0%1.8▲ 28.6%1.4▼ 22.2%
The turnover shown is an estimate from the gross margin.
Large changes and their cause
- 2025 Total assets -55% on 2024. Last accounts before the absorption by APTCO INVEST (Official Gazette 11-09-2026).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601,826
Fixed assets
€6,315 ▼ 82.9%
Current assets
€595,511 ▼ 53.7%
Equity and liabilities €601,826
Equity
€184,381 =
Debt
€417,445 ▼ 63.4%
Debt's share of the balance-sheet total falls from 86.1% to 69.4%. Debt is lower.
Key figures and ratios
EBITDA
-€116,384▼
2024 · €43,460
Cash flow
€372,318▲
2024 · €2,549
Current ratio
1.43▲
2024 · 1.13
Quick ratio
1.43▲
2024 · 0.77
Debt to equity
2.26▼
2024 · 6.18
ROE
196.7%▲
2024 · -1.6%
ROA
60.3%▲
2024 · -0.2%
Interest coverage
-2.51▼
2024 · 0.82
Debt ≤ 1 year
€417,445▼
2024 · €1.1m
Income taxes
€136,176▲
2024 · €2,384
Staff costs
€276,824▲
2024 · €235,536
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 2 | 2 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | 0 | 1 | 1 | 0 |
| in full-time equivalents | 1 | 1 | 1.8 | 1.8 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1.4 | 1.8 | 1.4 |
| On a permanent contract | 1 | 1 | 2 | 2 | 1 |
| Joined | 0 | - | 1 | - | 0 |
| Left | 1 | - | 0 | - | 1 |
| Training hours | 48 | 48 | 72 | 86 | 86 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,556 | €2,357 | €34,891 | €7,670 | - |
| Financial fixed assets | - | - | - | - | €6,210 |
| Depreciation and write-downs of the year | €15,635 | €8,233 | €8,008 | €5,482 | €9,625 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €240 paidPublic contracts
2 awards · 2025
Porometer (OV, PR923839)
Porometer (OV, PR923839)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,140 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €63,220 | €91,152 | €175,605 | €235,536 | €276,824 | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,241 | €26,791 | €26,993 | €15,635 | €8,233 | €8,008 | €5,482 | €9,625 | ▲ 75.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €1,184 | €1,400 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €618 | €1,147 | €22,069 | €41,343 | €21,345 | ▼ 48.4% |
| Gross operating margin9900 | €147,346 | €40,965 | €54,859 | €83,897 | €97,943 | €222,272 | €321,739 | €181,786 | ▼ 43.5% |
| Operating profit (loss)9901 | €33,864 | -€52,771 | -€6,355 | €4,425 | -€2,590 | €15,406 | €37,978 | -€126,009 | - |
| Financial income75/76B | - | - | - | €8,677 | €151,849 | €1,175 | €14,640 | €671,178 | ▲ 46× |
| Recurring financial income75 | €3,433 | €13,561 | €4,951 | €8,677 | €40,380 | €1,175 | €14,640 | €15,558 | ▲ 6.3% |
| Non-recurring financial income76B | - | - | - | - | €111,469 | €0 | - | €655,620 | - |
| Financial charges65/66B | - | - | - | €13,754 | €19,544 | €23,564 | €53,168 | €46,300 | ▼ 12.9% |
| Recurring financial charges65 | €7,868 | €7,058 | €21,601 | €13,754 | €19,544 | €23,564 | €53,168 | €46,300 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €29,429 | -€46,268 | -€23,005 | -€652 | €129,715 | -€6,982 | -€549 | €498,869 | - |
| Income taxes67/77 | €8,239 | €73 | €91 | €449 | €17,898 | €286 | €2,384 | €136,176 | ▲ 57× |
| Profit (loss) for the period9904 | €21,191 | -€46,341 | -€23,096 | -€1,100 | €111,817 | -€7,268 | -€2,933 | €362,692 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €3,556 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,191 | -€46,341 | -€23,096 | €2,455 | €111,817 | -€7,268 | -€2,933 | €362,692 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.6m | €0.8m | €0.9m | €0.8m | €0.9m | €1.3m | €0.6m | ▼ 54.5% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.1m | €0.1m | €0.07m | €0.06m | €0.03m | €0.06m | €0.04m | €0.006m | ▼ 82.9% |
| Intangible fixed assets21 | €0.05m | €0.03m | €0.01m | €0.002m | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.01m | €0.009m | €0.005m | €0.03m | €0.01m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.03m | €0.005m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.005m | €0.003m | €0.005m | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0 | - | - | - | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.03m | €0.03m | €0.03m | €0.006m | ▼ 76.9% |
| Current assets29/58 | €0.4m | €0.5m | €0.7m | €0.8m | €0.8m | €0.8m | €1.3m | €0.6m | ▼ 53.7% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0 | ▼ 100.0% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0 | ▼ 100.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.8m | €0.5m | ▼ 37.4% |
| Trade receivables40 | - | - | - | €0.5m | €0.4m | €0.5m | €0.8m | €0.5m | ▼ 36.3% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.03m | €0.04m | €0.01m | ▼ 61.4% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.001m | €0.003m | €0.04m | €0.1m | €0.04m | €0.04m | €0.08m | ▲ 111% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.007m | €0.006m | €0.004m | €0.001m | ▼ 86.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.8m | €0.9m | €0.8m | €0.9m | €1.3m | €0.6m | ▼ 54.5% |
| Equity10/15 | €0.2m | €0.1m | €0.08m | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Contributions outside capital11 | - | - | - | €0.06m | - | - | - | - | - |
| Share premium1100/10 | - | - | - | €0.06m | - | - | - | - | - |
| Reserves13 | €0.09m | €0.05m | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Distributable reserves133 | - | - | - | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0 | -€0.006m | -€0.03m | -€0.03m | €0 | - | - | €0 | - |
| Amounts payable17/49 | €0.4m | €0.5m | €0.7m | €0.8m | €0.7m | €0.7m | €1.1m | €0.4m | ▼ 63.4% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.7m | €0.8m | €0.7m | €0.7m | €1.1m | €0.4m | ▼ 63.3% |
| Financial debts43 | - | - | - | €0.002m | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.002m | €0 | - | - | - | - |
| Trade debts44 | €0.2m | €0.3m | €0.1m | €0.4m | €0.3m | €0.4m | €0.5m | €0.1m | ▼ 79.1% |
| Suppliers440/4 | - | - | - | €0.4m | €0.3m | €0.4m | €0.5m | €0.1m | ▼ 79.1% |
| Advances received on contracts in progress46 | - | - | - | - | €0.01m | €0 | €0.05m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.03m | €0.04m | €0.03m | €0.1m | ▲ 343% |
| Taxes450/3 | - | - | - | €178 | €0.02m | €0.02m | €0.004m | €0.1m | ▲ 31× |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.01m | €0.01m | €0.03m | €0.007m | ▼ 74.9% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.3m | €0.3m | €0.6m | €0.2m | ▼ 70.0% |
| Accrued charges and deferred income492/3 | - | - | - | €409 | €0.001m | €0 | €0.003m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,191 | -€46,341 | -€23,096 | -€1,100 | €111,817 | -€7,268 | -€2,933 | €362,692 | - |
| + Depreciation and write-downs630 | €26,241 | €26,791 | €26,993 | €15,635 | €8,233 | €8,008 | €5,482 | €9,625 | ▲ 75.6% |
| Operating cash flow (approximation) | €47,431 | -€19,550 | €3,898 | €14,535 | €120,051 | €740 | €2,549 | €372,318 | ▲ 146× |
| Investment in fixed assets (approximation) | - | -€1,183 | €0 | -€1,321 | €16,087 | -€34,891 | €16,966 | €21,037 | ▲ 24.0% |
| Change in cash | - | -€2,703 | €1,657 | €34,799 | €92,100 | -€91,657 | -€2,404 | €39,573 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-10-2026 | 2026-00558818 | NBB |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00248811 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00267603 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00368735 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20162293 | |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-35300445 | |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-30200582 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-39600533 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-32000199 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-49000211 |