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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 22.7 to 14.2.
Financials
Financial year 2025
PPP - APS GROUP from Lier, company number BE0502276787, closed financial year 2025 with a result of € -277,139 after tax. For that financial year PPP - APS GROUP recorded a gross margin of € 1.1 million and equity of € 536,511. Compared with financial year 2024, the result moved from € -242,956 to € -277,139. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 536,511
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -277,139
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
€ 31,754
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -516,984.
People and assets in 2025
14.2
▼ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 31% vs 2024
€ 74,300 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.
€ 29,279
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ 30% vs 2024
€ 144,490 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 659,032
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 110,552
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,095,873 | € 2,046,582 | € 1,848,648 | € 1,064,969 | ▼ 42% |
| Profit after taxes | € -74,115 | € 189,573 | € -242,956 | € -277,139 | ▼ € 34,183 |
| Equity | € 1,041,598 | € 1,056,606 | € 813,650 | € 536,511 | ▼ 34% |
| Total debts | € 3,193,860 | € 3,144,767 | € 2,809,484 | € 2,314,709 | ▼ 18% |
| Cash | € 1,308,607 | € 420,693 | € 256,088 | € 31,754 | ▼ 88% |
| Retained profit | € -11,897 | € 3,111 | € -239,845 | € -516,984 | ▼ € 277,139 |
| Dividend | € 0 | € 174,565 | € 0 | € 0 | |
| Bank debt | € 1,736,548 | € 1,353,920 | € 1,136,742 | € 1,480,109 | ▲ 30% |
| Balance sheet total | € 4,235,458 | € 4,201,373 | € 3,623,134 | € 2,851,220 | ▼ 21% |
| Employees (FTE) | 23.8 | 22.7 | 20.7 | 14.2 | ▼ 6.5 |
Key figures of PPP - APS GROUP, 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 PPP - APS GROUP?
What happened at PPP - APS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 277,139. Source: NBB ↗
- New establishment in Lier. KBO
- Start of the company according to the CBE. KBO
In short
From € 74,115 loss in 2022 to € 277,139 loss in 2025.
Paid € 375,229 in corporate taxes since 2022.
Best year ever: 2023, with € 189,573 profit.
On average € 75,000 of value added per employee in 2025.
Management
The stake of PA Group Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PPP - APS GROUPBehind PPP - APS GROUP are Erik Van der Veken and Intracos NV. The shares are held by PA Group Holding (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ondernemersstraat 11
2500 Lier
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.276.787
- VAT number
- BE 0502.276.787
- Registered office
- Ondernemersstraat 11, 2500 Lier
- Names & denominations
- PPP - APS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2012
- Peppol
- Active · Active since 30 Nov 2025
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