APW
ActiveThe computed 12-month bankruptcy probability of APW is 3.0% (moderate). The 2025 annual accounts show negative equity (€-43k) and a net result of €1k. Equity is shrinking by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 27711 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-22
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.28 in 2024; short-term debt: 318.1% and cash: 14.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-218.1%
Return on assets
7.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 5%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
3 d early
2023
7 d early
2022
4 d early
2021
33 d early
2020
36 d early
2019
12 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-43k▲ 3.2%
2024 · €-44k
2019: €9k
2020: €2k
2021: €-23k
2022: €-40k
2023: €-51k
2024: €-44k
2019 → 2025
Total assets
€20k▼ 6.4%
2024 · €21k
2019: €12k
2020: €31k
2021: €39k
2022: €34k
2023: €18k
2024: €21k
2019 → 2025
Net result
€1k▼ 79.8%
2024 · €7k
2019: €-9k
2020: €-7k
2021: €-25k
2022: €-17k
2023: €-11k
2024: €7k
2019 → 2025
Working capital
€-45k▲ 5.0%
2024 · €-47k
2019: €6k
2020: €-16k
2021: €-37k
2022: €-50k
2023: €-55k
2024: €-47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€-40k▼ 72.7%€-51k▼ 27.7%€-44k▲ 13.7%€-43k▲ 3.2%
Operating result€-25k-€-17k▲ 32.6%€-11k▲ 34.3%€7k€1k▼ 79.2%
Net result€-25k-€-17k▲ 32.6%€-11k▲ 34.2%€7k€1k▼ 79.8%
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 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€2k▼ 33.4%
Current assets
€18k▼ 2.4%
Key figures and ratios
EBITDA
€2k▼
2024 · €8k
Cash flow
€2k▼
2024 · €8k
Solvency
-218.1%▼
2024 · -210.9%
Current ratio
0.29▲
2024 · 0.28
Quick ratio
0.29▲
2024 · 0.23
Debt / equity
-1.46▲
2024 · -1.47
ROA
7.3%▼
2024 · 33.6%
Interest coverage
42.78▼
2024 · 104.55
Debt
€62k▼
2024 · €65k
Debt ≤ 1 year
€62k▼
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21k€20k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€859€306▼
Current assets29/58€18k€18k▼
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€11k€12k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€41€3k▲
Deferred charges and accrued income490/1€473€306▼
Equity and liabilities
Total equity and liabilities10/49€21k€20k▼
Equity10/15€-44k€-43k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-63k€-61k▲
Amounts payable17/49€65k€62k▼
Amounts payable within one year42/48€65k€62k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€18-
Taxes450/3€18-
Other amounts payable47/48€58k€60k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€914▼
Other operating charges640/8€795€515▼
Gross operating margin9900€9k€3k▼
Operating profit (loss)9901€7k€1k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€81€56▼
Recurring financial charges65€81€56▼
Profit (loss) for the period before taxes9903€7k€1k▼
Profit (loss) for the period9904€7k€1k▼
Profit (loss) for the period to be appropriated9905€7k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€-61k▲
Profit (loss) brought forward from the previous period14P€-70k€-63k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 5 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hollandstraat 139C2223 Heist-op-den-BergGround area
1,576 m²
Building footprint
305 m²
Volume, LiDAR
1,281 m³
Parcel 12033A0174/00N006, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
APW
since 20192.285.629.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12033A0174/00N006 | Flanders | 1,576 m² | 1 · 305 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 78 EUR awarded · 78 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 78 EUR | 78 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 1,641 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-02-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43230Insulation installation
43291Specialised construction activities
46130Agents in the wholesale of timber and building materials
46643Wholesale of electrical equipment, including installation materials
62020IT consultancy
62200Computer consultancy and computer facilities management
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.