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GROUP AP PROJECT DEVELOPMENT

Active Public limited companyfounded 1983active for 42 yearsAlbert I laan 27, 8620 NieuwpoortKBO/BCE: BE 0425.147.634 subsidiary of #2 company by equity in Nieuwpoort, Construction sector

Lifetime

20 annual accounts with figures on one time axis, 41 filings since 1984
peak €2.1m (2024)
-€217,709▼ €2.3m
lowest -€299,667 (2025)
-€299,667▼ €1.6m
peak €4.1m (2024)
€3.8m▼ 7.3%
€4.1m▲ 25.8%
peak 5.7 FTE (2007)
0 FTE 
Board2 names since 2018
2 directors and 1 other
Owners4 names in the annual accounts
89.02%
Documentsfilings and deeds
02-02-20262 days late
2025abbreviated format
Gross margin from €2.1m to -€217,709Loss of €299,667Debts from €3.3m to €4.1mCash from €121,529 to €218,260

Key points

from the 2025 annual accounts

Result

-€299,667 -€299,667
€1.3m2024-€300,0002025

From profit to loss in 2025, after a profit of €1.3m in 2024.

Filings

41 annual accounts since 1984
deadline199520102025

Seven of the last ten came late. The 2019 accounts came latest: 27 days after the end of the period.

Position in the sector

-€299,667

Lower net result than 95% of companies in construction of buildings. Sector median €24,999 · 2,641 companies.

Turnover not published (abbreviated format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 832 companies had the same profile as GROUP AP PROJECT DEVELOPMENT has now. Each dot stands for 3 companies, two years later.

96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a small loss
Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 832 companies, not a prediction for GROUP AP PROJECT DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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Signals

Board and ownership

Director, since 27-12-2022
Director, since 27-12-2022
  • 89.02%equity €13.2m (2025) · 30-06-2025 annual accounts of
  • 10.98%annual accounts 30-06-2018
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0425147634
Environmental permit granted Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Nieuwpoort
2 directors reappointed and · Permanent representatives: and · Board meeting of 26-09-2024 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Koksijde
All 69 events

Comparable companies

same main activity, similar in size and age
Company
GROUP AP PROJECT DEVELOPMENT Nieuwpoort €7.9m -€0.2m 47.9% 0
DEDEYNE ENGINEERING Waregem €4.6m -€0.01m 0.7% 0.4
Guyon-Invest Pajottegem €4.0m -€0.1m 36.9% 0
VERBAKEL ENGINEERING EN BOUW Tongeren-Borgloon €3.6m -€0.04m 98.6% 0
MARCEL DE VOS & C° Beveren-Kruibeke-Zwijndrecht €9.3m -€1.1m -32.0% 1
MAES CONSTRUCTIE EN PROMOTIE Koksijde €3.1m -€0.2m 21.6% 0
L.V.G. -INVEST Uccle €21.2m -€0.4m 17.1% 0

These companies have the same main activity as GROUP AP PROJECT DEVELOPMENT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €3.1m and €21m, founded between 1983 and 1996.

Official details

Source: KBO
Status
Active since 20-12-1983Normal situation
Registered office
13 active companies are registered at this addressSource: KBO register, as of 12 November 2026.
Activity
General construction of residential buildingsNACE 41001and 1 other
Establishment unit
2.153.262.0228620 Nieuwpoort, since 04-05-2006
Financial year end
30 June
Peppol
Reachable since 09-12-2025
Company details

Annual accounts to 30-06-2025

€7.9m▲ 7.4%
Filing
Filed on 02-02-2026
Financials

Insights on GROUP AP PROJECT DEVELOPMENT

GROUP AP PROJECT DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin fell from €380,783 in 2006 to -€217,709 in 2025.

holds 89.02% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about GROUP AP PROJECT DEVELOPMENT

What is the company number of GROUP AP PROJECT DEVELOPMENT?
The company number of GROUP AP PROJECT DEVELOPMENT is 0425.147.634. The VAT number is the same number with BE in front: BE 0425.147.634.
Where is GROUP AP PROJECT DEVELOPMENT based?
The registered office is at Albert I laan 27, 8620 Nieuwpoort.Company details
What does GROUP AP PROJECT DEVELOPMENT do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of GROUP AP PROJECT DEVELOPMENT?
GROUP AP PROJECT DEVELOPMENT is a public limited company (NV).
When was GROUP AP PROJECT DEVELOPMENT founded?
GROUP AP PROJECT DEVELOPMENT was founded on 20-12-1983.
Is GROUP AP PROJECT DEVELOPMENT still active?
Yes, GROUP AP PROJECT DEVELOPMENT is an active enterprise in the KBO register.
What is the turnover of GROUP AP PROJECT DEVELOPMENT?
The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
Is GROUP AP PROJECT DEVELOPMENT profitable?
In financial year 2025, GROUP AP PROJECT DEVELOPMENT made a loss of €299,667.
Where can I find the annual accounts of GROUP AP PROJECT DEVELOPMENT?
GROUP AP PROJECT DEVELOPMENT filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GROUP AP PROJECT DEVELOPMENT due?
GROUP AP PROJECT DEVELOPMENT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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