APWorks
ActiveSummary
The computed 12-month bankruptcy probability of APWorks is 2.9% (moderate). The 2024 annual accounts show equity of €17k and a net result of €16k. Its solvency ranks better than 88% of 36375 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 5.15; short-term debt: 17.9% and cash: 83.4% of total assets), and 17.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
82.1%
Return on assets
78.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
6 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k
Total assets
€20k
Net result
€16k
Working capital
€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €20k
Fixed assets
€2k
Current assets
€19k
Equity and liabilities €20k
Equity
€17k
Debt
€4k
Debt finances 17.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€22k
Cash flow
€16k
Current ratio
5.15
Debt to equity
0.22
ROE
95.5%
ROA
78.4%
Interest coverage
2157377.00
Debt ≤ 1 year
€4k
Income taxes
€6k
Filed annual accounts As filed with the NBB · 2024 · 28 lines
Balance sheet
Code2024
Assets
Total assets20/58€20k
Fixed assets21/28€2k
Tangible fixed assets22/27€2k
Plant, machinery and equipment23€2k
Current assets29/58€19k
Amounts receivable within one year40/41€2k
Trade receivables40€128
Other amounts receivable41€2k
Cash at bank and in hand54/58€17k
Equity and liabilities
Total equity and liabilities10/49€20k
Equity10/15€17k
Contributions10/11€750
Profit (loss) carried forward14€16k
Amounts payable17/49€4k
Amounts payable within one year42/48€4k
Trade debts44€1k
Suppliers440/4€1k
Other amounts payable47/48€2k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126
Gross operating margin9900€22k
Operating profit (loss)9901€21k
Financial charges65/66B€0
Recurring financial charges65€0
Profit (loss) for the period before taxes9903€21k
Income taxes67/77€6k
Profit (loss) for the period9904€16k
Profit (loss) for the period to be appropriated9905€16k
Appropriation of the result
Profit (loss) to be appropriated9906€16k
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 | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €126 |
| Gross operating margin9900 | €22k |
| Operating profit (loss)9901 | €21k |
| Financial charges65/66B | €0 |
| Recurring financial charges65 | €0 |
| Profit (loss) for the period before taxes9903 | €21k |
| Income taxes67/77 | €6k |
| Profit (loss) for the period9904 | €16k |
| Profit (loss) for the period to be appropriated9905 | €16k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €20k | |
| Fixed assets21/28 | €2k | |
| Tangible fixed assets22/27 | €2k | |
| Plant, machinery and equipment23 | €2k | |
| Current assets29/58 | €19k | |
| Amounts receivable within one year40/41 | €2k | |
| Trade receivables40 | €128 | |
| Other amounts receivable41 | €2k | |
| Cash at bank and in hand54/58 | €17k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €20k | |
| Equity10/15 | €17k | |
| Contributions10/11 | €750 | |
| Profit (loss) carried forward14 | €16k | |
| Amounts payable17/49 | €4k | |
| Amounts payable within one year42/48 | €4k | |
| Trade debts44 | €1k | |
| Suppliers440/4 | €1k | |
| Other amounts payable47/48 | €2k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €16k |
| + Depreciation and write-downs630 | €126 |
| Operating cash flow (approximation) | €16k |
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
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2024
Ground area
820 m²
Building footprint
242 m²
Volume, LiDAR
998 m³
Parcel 13011A0242/00B000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
APWorks
since 20242.363.116.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011A0242/00B000 | Flanders | 820 m² | 1 · 242 m² | 10.9 m · 1 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.
Similar companies · same sector, comparable size
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 5,768 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
Founded09-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.