Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
APF INVEST from Turnhout, company number BE0476940189, closed financial year 2025 with a result of € 233,136 after tax. For that financial year APF INVEST recorded a gross margin of € -29,740 and equity of € -30,563. Compared with financial year 2024, the result moved from € -4,497 to € 233,136. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -30,563
▲ € 233,136 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 233,136
▲ still € 4,497 loss in 2024
Profit after tax over the fiscal year.
€ 2,307
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,263
▲ € 2,875 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,219 | € -3,197 | € -2,114 | € -29,740 | ▼ € 27,626 |
| Profit after taxes | € -7,965 | € -8,085 | € -4,497 | € 233,136 | ▲ € 237,632 |
| Equity | € -251,117 | € -259,202 | € -263,699 | € -30,563 | ▲ € 233,136 |
| Total debts | € 251,319 | € 259,576 | € 265,691 | € 32,870 | ▼ 88% |
| Cash | € 202 | € 374 | € 1,993 | € 2,307 | ▲ 16% |
| Retained profit | € -3,238,617 | € -3,246,702 | € -3,251,199 | € -3,018,063 | ▲ € 233,136 |
| Bank debt | € 209,724 | € 212,190 | € 212,190 | € 0 | ▼ 100% |
| Balance sheet total | € 202 | € 374 | € 1,993 | € 2,307 | ▲ 16% |
Key figures of APF INVEST, 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 APF INVEST?
What happened at APF INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 233,136. filed late Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,965 loss in 2022 to € 233,136 profit in 2025.
Best year ever: 2025, with € 233,136 profit.
A new publication or filing at APF INVEST? We notify you, reason included.
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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
The stake of WDH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
APF INVESTBehind APF INVEST is Raf Vleugels. The shares are held by WDH (100%). It owns 100% of Stanhope & Miller itself.
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Parklaan 46 box 315
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
All companies at this address →Mixtus
€ 81,759 gross margin · 2025
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€ 133,162 gross margin · 2025
J.P. ROBBERECHTS INTERNATIONAL
€ 31,980 gross margin · 2025
JEFREMA
€ 94,766 gross margin · 2025
ARISTOS
€ -1,332 gross margin · 2025
+45 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
- 0476.940.189
- VAT number
- BE 0476.940.189
- Registered office
- Parklaan 46 bus 315, 2300 Turnhout
- Names & denominations
- APF INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2002
- Peppol
- Not registered