ACTIVE

APOK

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

+389.7% YoY

Revenue

181,6 M €

-0.5% YoY

Equity

15,8 M €

+9.8% YoY

Workforce

235,6 ETP

+0.9% YoY

What does APOK do?

APOK is a Public limited company incorporated in 1992. Its registered office is in Kampenhout. It employs on average 235,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.875.427

Incorporation

26/06/1992

Legal form

Public limited company

Registered office

Oudestraat 11
1910 Kampenhout · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

235,6 ETP

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	181,6 M €	-0.5%	182,5 M €	+2.5%	178,1 M €	-10.1%	198,1 M €	+12.4%	176,2 M €	+10.3%	159,8 M €	+6.1%	150,6 M €	-2.2%	154 M €	+4.0%	148,1 M €	+4.5%	141,7 M €	+3.7%	136,6 M €	+5.6%	129,3 M €	+10.0%	117,5 M €	+18.7%	99 M €	+2.8%	96,4 M €	+30.4%	73,9 M €	+19.7%	61,7 M €	+1.8%	60,6 M €	+16.7%	52 M €
EBITDA	5,1 M €	+2.3%	5 M €	+13.5%	4,4 M €	-64.2%	12,4 M €	+11.2%	11,1 M €	+71.0%	6,5 M €	+192%	2,2 M €	-67.7%	6,9 M €	-9.3%	7,6 M €	-34.5%	11,6 M €	+19.8%	9,7 M €	+9.3%	8,9 M €	+21.2%	7,3 M €	+46.1%	5 M €	-30.5%	7,2 M €	+55.2%	4,6 M €	+21.2%	3,8 M €	+0.5%	3,8 M €	+17.7%	3,2 M €
Operating result	3,8 M €	+20.1%	3,2 M €	+16.7%	2,7 M €	-75.3%	11 M €	+12.9%	9,8 M €	+86.4%	5,2 M €	+568%	785,7 k €	-84.2%	5 M €	-1.4%	5 M €	-45.1%	9,2 M €	+26.9%	7,2 M €	+15.9%	6,3 M €	+33.9%	4,7 M €	+82.9%	2,6 M €	-49.9%	5,1 M €	+84.3%	2,8 M €	+27.0%	2,2 M €	-26.4%	3 M €	+14.8%	2,6 M €
Net result	1,4 M €	+390%	288,8 k €	-86.3%	2,1 M €	-87.8%	17,3 M €	-77.4%	76,6 M €	+2884%	2,6 M €	+381%	-912,2 k €	-137%	2,4 M €	+2.5%	2,4 M €	-50.8%	4,8 M €	+63.5%	3 M €	-27.9%	4,1 M €	+33.7%	3,1 M €	+182%	1,1 M €	-62.5%	2,9 M €	+89.9%	1,5 M €	+13.4%	1,3 M €	-25.5%	1,8 M €	+16.5%	1,6 M €
Balance sheet
Equity	15,8 M €	+9.8%	14,4 M €	+2.0%	14,1 M €	-38.7%	23 M €	+46.4%	15,7 M €	-49.9%	31,4 M €	+8.9%	28,8 M €	-3.1%	29,7 M €	+8.9%	27,3 M €	+9.6%	24,9 M €	+20.6%	20,6 M €	+16.7%	17,7 M €	+6.6%	16,6 M €	+18.7%	14 M €	-9.0%	15,3 M €	+23.3%	12,4 M €	+14.0%	10,9 M €	+20.5%	9,1 M €	+24.9%	7,3 M €
Total assets	72,8 M €	-12.9%	83,6 M €	-7.4%	90,3 M €	-19.7%	112,4 M €	+16.3%	96,6 M €	-30.6%	139,2 M €	+10.0%	126,5 M €	+4.3%	121,4 M €	+0.9%	120,3 M €	+38.2%	87 M €	-0.8%	87,8 M €	+155%	34,5 M €	-2.8%	35,5 M €	-2.0%	36,2 M €	-13.2%	41,7 M €	+12.0%	37,2 M €	+21.1%	30,7 M €	+17.1%	26,2 M €	+8.0%	24,3 M €
Cash	33 k €	-12.2%	37,5 k €	+58.7%	23,7 k €	-97.5%	945 k €	-82.3%	5,3 M €	+47.3%	3,6 M €	+216%	1,1 M €	-66.7%	3,4 M €	+396%	695,1 k €	-79.7%	3,4 M €	-30.1%	4,9 M €	+512%	799,2 k €	+43.1%	558,3 k €	+4.3%	535,2 k €	-54.9%	1,2 M €	+85.5%	639,9 k €	+3.4%	618,8 k €	-44.1%	1,1 M €	+85.2%	597,8 k €
Debts	56,8 M €	-17.2%	68,6 M €	-9.6%	75,9 M €	-14.4%	88,7 M €	+10.0%	80,6 M €	-24.2%	106,4 M €	+11.8%	95,1 M €	+4.2%	91,3 M €	-1.6%	92,8 M €	+49.5%	62 M €	-7.5%	67,1 M €	+302%	16,7 M €	-11.1%	18,8 M €	-13.5%	21,7 M €	-17.3%	26,2 M €	+6.4%	24,6 M €	+24.7%	19,8 M €	+15.6%	17,1 M €	+0.7%	17 M €
Other
Workforce	235,6 ETP	+0.9%	233,6 ETP	-6.4%	249,7 ETP	-1.7%	254,1 ETP	-1.7%	258,6 ETP	+2.2%	253,1 ETP	-1.3%	256,4 ETP	-0.2%	256,9 ETP	+5.6%	243,3 ETP	+3.8%	234,5 ETP	0.0%	234,5 ETP	+5.3%	222,6 ETP	+6.5%	209,0 ETP	+7.6%	194,3 ETP	+8.1%	179,8 ETP	+14.7%	156,7 ETP	+24.1%	126,3 ETP	+116%	58,6 ETP	+13.1%	51,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 43 ended

Active mandates

Fedrus International

Director · since 22 mai 2024 · until 18 mai 2027 · 0630.779.617

Represented by Mark VANDECRUYS

Active

GUFOS

Director · since 22 mai 2024 · until 18 mai 2027 · 0826.764.553

Represented by Steven Geirnaert

Active

PYGMA

Director · since 22 mai 2024 · until 18 mai 2027 · 0679.782.928

Represented by Peter Vandendriessche

Active

Ended mandates

Fedrus International

Director · since 12 septembre 2018 · until 21 mai 2024 · 0630.779.617

Represented by Mark VANDECRUYS

Ended

Fedrus International

Director · since 12 septembre 2018 · until 15 juin 2024 · 0630.779.617

Represented by Mark VANDECRUYS

Ended

GUFOS

Director · since 12 septembre 2018 · until 21 mai 2024 · 0826.764.553

Represented by Steven Geirnaert

Ended

GUFOS

Director · since 12 septembre 2018 · until 15 juin 2024 · 0826.764.553

Represented by Steven Geirnaert

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/06/2026	10/06/2025	29/05/2024	31/05/2023	23/05/2022	27/05/2021
General meeting	19/05/2026	20/05/2025	22/05/2024	16/05/2023	17/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	02/06/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	31/05/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	27/05/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	04/06/2019	Dutch	PDF
Full model	31/12/2017	03/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	15/03/2017	13/04/2017	Dutch	PDF
Full modelCorrection	31/12/2015	17/06/2016	04/10/2016	Dutch	PDF
Full model	31/12/2015	17/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	24/04/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	21/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	21/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	23/06/2012	03/07/2012	Dutch	PDF
Full model	31/12/2010	28/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	09/07/2010	Dutch	PDF
Full model	31/12/2008	20/06/2009	17/07/2009	Dutch	PDF
Full model	31/12/2007	21/06/2008	26/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	16/06/2007	12/09/2007	Dutch	PDF
Full model	31/12/2006	16/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 43 ended

Active mandates

Fedrus International

Director · since 22 mai 2024 · until 18 mai 2027 · 0630.779.617

Represented by Mark VANDECRUYS

Active

GUFOS

Director · since 22 mai 2024 · until 18 mai 2027 · 0826.764.553

Represented by Steven Geirnaert

Active

PYGMA

Director · since 22 mai 2024 · until 18 mai 2027 · 0679.782.928

Represented by Peter Vandendriessche

Active

Ended mandates

Fedrus International

Director · since 12 septembre 2018 · until 21 mai 2024 · 0630.779.617

Represented by Mark VANDECRUYS

Ended

Fedrus International

Director · since 12 septembre 2018 · until 15 juin 2024 · 0630.779.617

Represented by Mark VANDECRUYS

Ended

GUFOS

Director · since 12 septembre 2018 · until 21 mai 2024 · 0826.764.553

Represented by Steven Geirnaert

Ended

GUFOS

Director · since 12 septembre 2018 · until 15 juin 2024 · 0826.764.553

Represented by Steven Geirnaert

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/12/2020
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/12/2020
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 2024288,8 k €↓
01/08/2024
nominationGeert SCHOTTE — bijzondere volmachtdrager
22/05/2024
reconductionMark VANDECRUYS — vaste vertegenwoordiger (bestuurder)
22/05/2024
reconductionSteven GEIRNAERT — vaste vertegenwoordiger (bestuurder)
22/05/2024
reconductionPeter VANDENDRIESSCHE — vaste vertegenwoordiger (bestuurder)
2023
Annual accounts 20232,1 M €↓
15/11/2023
nominationMaarten POEL — vaste vertegenwoordiger van de commissaris
07/11/2023
nominationSanne Vandebroek — vaste vertegenwoordiger van de commissaris
2022
Annual accounts 202217,3 M €↓
2021
Annual accounts 202176,6 M €↑
2020
Annual accounts 20202,6 M €↑
2019
Annual accounts 2019-912,2 k €↓
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 20172,4 M €↓
2016
Annual accounts 20164,8 M €↑
2015
Annual accounts 20153 M €↓
2014
Annual accounts 20144,1 M €↑
2013
Annual accounts 20133,1 M €↑
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20112,9 M €↑
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 20091,3 M €↓
2007
Annual accounts 20071,8 M €↑
2006
Annual accounts 20061,6 M €
26/06/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

APOK

Overview

What does APOK do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline