Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.3 to 6.6.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ALGEMENE PARTICIPATIE KERKHOFS from Pelt, company number BE0449530662, closed financial year 2025 with a result of € 2.7 million after tax. For that financial year ALGEMENE PARTICIPATIE KERKHOFS recorded revenue of € 23.2 million and equity of € 33.9 million. Compared with financial year 2024, the result moved from € 12.7 million to € 2.7 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 33.9 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.7 million
▼ 79% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 33 million.
People and assets in 2025
6.6
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 435,966
▼ 31% vs 2024
€ 66,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,547
▼ 80% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46.4 million
▼ 11% vs 2024
€ 5 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 2.3 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 153,175
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,568,236 | € 7,754,146 | € 9,745,585 | € 23,158,751 | ▲ 138% |
| Profit after taxes | € 350,437 | € 1,585,892 | € 12,671,081 | € 2,712,504 | ▼ 79% |
| Equity | € 16,915,166 | € 18,501,058 | € 31,172,139 | € 33,884,643 | ▲ 9% |
| Total debts | € 23,259,652 | € 41,482,400 | € 57,771,085 | € 49,909,478 | ▼ 14% |
| Cash | € 7,407,583 | € 3,551 | € 5,673,506 | - | |
| Retained profit | € 16,038,166 | € 17,624,058 | € 30,295,139 | € 33,007,643 | ▲ 9% |
| Bank debt | € 18,726,154 | € 36,733,428 | € 51,903,282 | € 46,359,334 | ▼ 11% |
| Balance sheet total | € 40,174,818 | € 59,983,457 | € 88,943,224 | € 83,794,121 | ▼ 6% |
| Employees (FTE) | 7.8 | 11.3 | 9 | 6.6 | ▼ 2.4 |
Key figures of ALGEMENE PARTICIPATIE KERKHOFS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ALGEMENE PARTICIPATIE KERKHOFS?
What happened at ALGEMENE PARTICIPATIE KERKHOFS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefker bv stepped down as director. NBB
- Quality Management bv stepped down as director. NBB
- Paul Kerkhofs stepped down as director. NBB
- Cordelia BV stepped down as director. NBB
- Pates Consulting BV stepped down as director. NBB
- FH APK & Q BV stepped down as director. NBB
- Embla BV stepped down as director. NBB
- Jamatiel BV stepped down as director. NBB
In short
From € 350,437 profit in 2022 to € 2.7 million profit in 2025.
Paid € 289,277 in corporate taxes since 2022.
Best year ever: 2024, with € 12.7 million profit.
Pays suppliers within 43 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ALGEMENE PARTICIPATIE KERKHOFS are Verbist Value adding Consultancy, Werkhofs bv and Blomme William. The shares are held by Pates Consulting BV, MH APK & Q BV and FH APK & Q BV. It owns 100% of APK Drilling bv, 100% of Stratica, 100% of APK Recycling & Transport bv, 100% of K-Boringen, 100% of Q Machinery nv and 100% of NAPK Holding itself.
Directors
According to the 2025 annual accounts
Verbist Value adding Consultancy
Director · represented by Luc Verbist
Also active at: Quality Jobs @ Construct
since 2025
Director · represented by Ward Kerkhofs
Also active at: VEREECKE, APK Drilling, APK infra, K-Boringen, Travaux Voiries et Conduites, Q MACHINERY, VERFAILLIE - LEROY EN C°, APK Infra West +18 more
since 2023
Director · represented by William Blomme
Also active at: NV SMEG BELGIUM SA, Quality Jobs @ Construct, Welvaartsfonds, RANSON GROUP
since 2023
since 2024 · until 2030
Paul Kerkhofs
Director
Also active at: Techlog Genk, PTA Recycling, VOKA - Kamer van Koophandel Limburg, SABBE BEDRIJF, APK WALLONIE, APK Recycling, Pates Consulting, TUINPLANNING +13 more
since 2021 · until 2027
since 2021 · until 2027
Director · represented by Damen THERESE
Holds a stake via MH APK & Q BV
Also active at: Techlog Genk, PTA Recycling, SABBE BEDRIJF, APK Recycling, TUINPLANNING, IMMO P & T, Genk Recycling, A.M.-MANAGEMENT +17 more
since 2021 · until 2027
Director · represented by Kerkhofs BRAM
Holds a stake via MH APK & Q BV
Also active at: Quality Jobs @ Construct
since 2021 · until 2027
since 2021 · until 2027
Director · represented by Maarten Broens
Also active at: VEREECKE, APK Drilling, APK infra, K-Boringen, Travaux Voiries et Conduites, Q MACHINERY, VERFAILLIE - LEROY EN C°, APK Infra West +27 more
since 2022 · until 2028
Director · represented by Rutten JACOBUS
Also active at: e-BO Enterprises, Quality Jobs @ Construct, Veldeman Group I, Veldeman Group II, MYRDELAME
since 2021 · until 2027
Shareholders
Participations
100%
100%
100%
100%
NAPK Holding
100%
100%
100%
APK Luxemburg
100%
100%
100%
100%
100%
100%
100%
74.8%
Establishments
Establishment units
Physical locations of this company
Haltstraat 50
3900 Pelt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →VEREECKE same network
€ 25.3 million revenue · 2025
APK infra same network
€ 164.9 million revenue · 2025
VERGA
€ 24,027 gross margin · 2025
Q MACHINERY same network
€ 32.8 million revenue · 2025
VERFAILLIE - LEROY EN C° same network
€ 1.4 million gross margin · 2025
+39 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.530.662
- VAT number
- BE 0449.530.662
- Registered office
- Haltstraat 50, 3900 Pelt
- Names & denominations
- ALGEMENE PARTICIPATIE KERKHOFS · APK Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van hoofdkantoren
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering