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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 28.6 to 2.
Financials
Financial year 2025
APK Sud from Villers-le-Bouillet, company number BE0865739450, closed financial year 2025 with a result of € -13,451 after tax. For that financial year APK Sud recorded a gross margin of € 198,535 and equity of € 258,868. Compared with financial year 2024, the result moved from € 13,988 to € -13,451. 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 1, 2026.
€ 258,868
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,451
▼ still € 13,988 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 114,106.
People and assets in 2025
2
▼ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 646
▼ 97% vs 2024
€ 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.
€ 10,807
▲ 125% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 258,385
▼ 17% vs 2024
€ 33,340 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 52,663
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,888
▼ 68% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,692,356 | € 1,306,054 | € 283,390 | € 198,535 | ▼ 30% |
| Profit after taxes | € -1,053 | € 1,284 | € 13,988 | € -13,451 | ▼ € 27,439 |
| Equity | € 273,887 | € 267,515 | € 276,785 | € 258,868 | ▼ 6% |
| Total debts | € 1,541,191 | € 1,997,396 | € 1,404,188 | € 1,097,081 | ▼ 22% |
| Land & buildings | - | € 135,376 | € 121,608 | € 107,841 | ▼ 11% |
| Retained profit | € 112,285 | € 113,569 | € 127,557 | € 114,106 | ▼ 11% |
| Bank debt | € 437,000 | € 375,080 | € 313,160 | € 258,385 | ▼ 17% |
| Balance sheet total | € 1,848,278 | € 2,296,411 | € 1,710,899 | € 1,384,387 | ▼ 19% |
| Employees (FTE) | 36.4 | 28.6 | 5.7 | 2 | ▼ 3.7 |
Key figures of APK Sud, 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 APK Sud?
What happened at APK Sud in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,451 (▼ € 27,439 vs 2024). Source: NBB ↗
- Quality Management & Consulting bv stepped down as director. NBB
- Pates Consulting bv stepped down as director. NBB
- Quality Management & Consulting bv became a director. NBB
- Pates Consulting bv became a director. NBB
- New establishment in Villers-le-Bouillet. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,053 loss in 2022 to € 13,451 loss in 2025.
Paid € 27,917 in corporate taxes since 2022.
Best year ever: 2024, with € 13,988 profit.
On average € 99,300 of value added per employee in 2025.
Management
The shares are held by R-Invest nv (100%).
Directors
According to the 2025 annual accounts
Quality Management & Consulting bv
Director · represented by Maarten Broens
Also active at: MH APK&Q, Ageres Construct Solutions
since 2020 · until 2026
Managing director · represented by Paul Kerkhofs
Also active at: Techlog Genk, PTA Recycling, VERGA, SABBE BEDRIJF, APK Recycling, TUINPLANNING, ALGEMENE PARTICIPATIE KERKHOFS, IMMO P & T +18 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Waremme 115
4530 Villers-le-Bouillet
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0865.739.450
- VAT number
- BE 0865.739.450
- Registered office
- Rue de Waremme 115, 4530 Villers-le-Bouillet
- Names & denominations
- APK Sud
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bouw van autowegen en andere wegen
Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Overige zakelijke dienstverlening, neg