ACTIVE

APCO WORLDWIDE

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Financial year 2025 · closed on 31/12/2025

Net result

-61,7 k €

-107.0% YoY

Revenue

12 M €

-7.1% YoY

Equity

9,5 M €

-0.6% YoY

Workforce

46,9 ETP

-1.5% YoY

What does APCO WORLDWIDE do?

APCO WORLDWIDE is a Public limited company incorporated in 1995. Its registered office is in Bruxelles. It employs on average 46,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.871.897

Incorporation

31/03/1995

Legal form

Public limited company

Registered office

Rue Montoyer 47
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

46,9 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	12 M €	-7.1%	13 M €	-3.9%	13,5 M €	-2.7%	13,9 M €	+23.3%	11,2 M €	+9.9%	10,2 M €	-4.2%	10,7 M €	+43.9%	7,4 M €	+3.7%	7,2 M €	+2.1%	7 M €	+21.5%	5,8 M €	-31.9%	8,5 M €	-23.9%	11,1 M €	+13.6%	9,8 M €	-22.8%	12,7 M €	-0.5%	12,7 M €	+51.2%	8,4 M €
EBITDA	1,2 M €	+55.5%	778,5 k €	+67.7%	464,1 k €	-68.7%	1,5 M €	+33.6%	1,1 M €	-22.0%	1,4 M €	-0.2%	1,4 M €	+173%	521,7 k €	+404%	103,5 k €	+134%	-306,6 k €	+74.8%	-1,2 M €	-2754%	-42,6 k €	-105%	940,3 k €	+18.3%	795,1 k €	-39.2%	1,3 M €	-8.1%	1,4 M €	+309%	347,7 k €
Operating result	1,1 M €	+67.9%	684,5 k €	+80.4%	379,4 k €	-72.8%	1,4 M €	+32.3%	1,1 M €	-21.0%	1,3 M €	-2.5%	1,4 M €	+232%	412,6 k €	+903%	41,1 k €	+109%	-442,7 k €	+67.0%	-1,3 M €	-477%	-232,7 k €	-136%	646,1 k €	+39.6%	462,7 k €	-60.8%	1,2 M €	-10.9%	1,3 M €	+388%	271,7 k €
Net result	-61,7 k €	-107%	887,6 k €	+455%	160 k €	-88.2%	1,4 M €	+24.0%	1,1 M €	+27.1%	858,3 k €	-3.7%	891,3 k €	+64.1%	543,1 k €	+93.0%	281,4 k €	+407%	-91,6 k €	+93.2%	-1,3 M €	-488%	-229,3 k €	-151%	448,1 k €	+80.1%	248,8 k €	-69.3%	810,8 k €	-14.9%	953 k €	+182%	338,3 k €
Balance sheet
Equity	9,5 M €	-0.6%	9,6 M €	+10.2%	8,7 M €	+1.9%	8,5 M €	+18.9%	7,2 M €	+18.0%	6,1 M €	+16.5%	5,2 M €	+50.8%	3,4 M €	+18.7%	2,9 M €	+10.7%	2,6 M €	-3.4%	2,7 M €	-33.2%	4,1 M €	+10.8%	3,7 M €	+13.9%	3,2 M €	+8.4%	3 M €	+37.5%	2,2 M €	+78.8%	1,2 M €
Total assets	23,8 M €	+5.4%	22,5 M €	+16.7%	19,3 M €	+14.2%	16,9 M €	+18.4%	14,3 M €	+1.9%	14 M €	+24.0%	11,3 M €	+69.7%	6,7 M €	+21.2%	5,5 M €	-16.8%	6,6 M €	+29.9%	5,1 M €	-14.4%	5,9 M €	-4.1%	6,2 M €	+3.2%	6 M €	-12.1%	6,8 M €	-2.7%	7 M €	+48.0%	4,7 M €
Cash	516,6 k €	-43.5%	914 k €	+128%	401,4 k €	-68.7%	1,3 M €	-34.8%	2 M €	-3.8%	2 M €	+219%	641 k €	-6.5%	685,4 k €	+165%	258,7 k €	-67.1%	786,9 k €	+214%	250,3 k €	-26.9%	342,4 k €	-55.3%	766,5 k €	-18.2%	937,3 k €	-37.8%	1,5 M €	+23.2%	1,2 M €	+690%	155 k €
Debts	14,1 M €	+12.0%	12,6 M €	+21.9%	10,3 M €	+27.4%	8,1 M €	+40.3%	5,8 M €	-18.6%	7,1 M €	+27.7%	5,5 M €	+93.6%	2,9 M €	+23.2%	2,3 M €	-38.9%	3,8 M €	+83.5%	2,1 M €	+29.6%	1,6 M €	-19.8%	2 M €	+6.5%	1,9 M €	-43.2%	3,3 M €	-21.9%	4,2 M €	+40.1%	3 M €
Other
Workforce	46,9 ETP	-1.5%	47,6 ETP	-3.3%	49,2 ETP	-6.8%	52,8 ETP	+17.1%	45,1 ETP	+13.6%	39,7 ETP	+23.7%	32,1 ETP	+16.3%	27,6 ETP	-8.3%	30,1 ETP	-4.1%	31,4 ETP	-7.9%	34,1 ETP	-11.4%	38,5 ETP	-10.5%	43,0 ETP	0.0%	43,0 ETP	-6.5%	46,0 ETP	+13.9%	40,4 ETP	+26.6%	31,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 71 ended

Active mandates

Bradley Staples

Director · since 14 octobre 2024 · until 30 juin 2031

Active

Deniz Güngen

Director · since 01 août 2024 · until 30 juin 2031

Active

Margery Kraus

Director · since 25 juin 2014 · until 30 juin 2031

Active

Ended mandates

Bradley Staples

Director · since 14 octobre 2024 · until 30 juin 2027

Ended

Deniz Güngen

Director · since 01 août 2024 · until 30 juin 2030

Ended

Jacob Moroza - Rasmussen

Director · since 02 mai 2023 · until 14 novembre 2025

Ended

Moroza-Rasmussen Jacob

Director · since 02 mai 2023 · until 21 juin 2029

Ended

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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	08/09/2026	05/11/2025	24/01/2025	28/08/2023	04/11/2022	17/09/2021
General meeting	02/09/2026	31/10/2025	13/09/2024	24/08/2023	14/10/2022	10/09/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/09/2026	08/09/2026	French	PDF
Full model	31/12/2024	31/10/2025	05/11/2025	French	PDF
Full model	31/12/2023	13/09/2024	24/01/2025	French	PDF
Full model	31/12/2022	24/08/2023	28/08/2023	French	PDF
Full model	31/12/2021	14/10/2022	04/11/2022	French	PDF
Full model	31/12/2020	10/09/2021	17/09/2021	French	PDF
Full model	31/12/2019	15/01/2021	02/02/2021	French	PDF
Full model	31/12/2018	17/07/2019	19/09/2019	French	PDF
Full model	31/12/2017	31/08/2018	20/12/2018	French	PDF
Full modelCorrection	31/12/2016	18/04/2018	27/06/2018	French	PDF
Full model	31/12/2016	26/09/2017	04/06/2018	French	PDF
Full model	31/12/2015	29/06/2016	30/07/2016	French	PDF
Full model	31/12/2014	26/06/2015	17/07/2015	French	PDF
Full model	31/12/2013	27/06/2014	14/07/2014	French	PDF
Full model	31/12/2012	21/06/2013	18/07/2013	French	PDF
Full model	31/12/2011	27/06/2012	24/07/2012	French	PDF
Full model	31/12/2010	29/06/2011	27/07/2011	French	PDF
Full model	31/12/2009	12/07/2010	13/08/2010	French	PDF
Full model	31/12/2008	30/06/2009	12/08/2009	French	PDF
Full model	31/12/2007	30/06/2008	25/07/2008	French	PDF
Full model	31/12/2006	27/06/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 71 ended

Active mandates

Bradley Staples

Director · since 14 octobre 2024 · until 30 juin 2031

Active

Deniz Güngen

Director · since 01 août 2024 · until 30 juin 2031

Active

Margery Kraus

Director · since 25 juin 2014 · until 30 juin 2031

Active

Ended mandates

Bradley Staples

Director · since 14 octobre 2024 · until 30 juin 2027

Ended

Deniz Güngen

Director · since 01 août 2024 · until 30 juin 2030

Ended

Jacob Moroza - Rasmussen

Director · since 02 mai 2023 · until 14 novembre 2025

Ended

Moroza-Rasmussen Jacob

Director · since 02 mai 2023 · until 21 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2025
DEMISSIONS, NOMINATIONS
PDF
Other07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2021
DEMISSIONS, NOMINATIONS
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 2025-61,7 k €↓
2024
Annual accounts 2024887,6 k €↑
2023
Annual accounts 2023160 k €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020858,3 k €↓
2019
Annual accounts 2019891,3 k €↑
2016
Annual accounts 2016543,1 k €↑
2015
Annual accounts 2015281,4 k €↑
2014
Annual accounts 2014-91,6 k €↑
2013
Annual accounts 2013-1,3 M €↓
2012
Annual accounts 2012-229,3 k €↓
2010
Annual accounts 2010448,1 k €↑
2009
Annual accounts 2009248,8 k €↓
2008
Annual accounts 2008810,8 k €↓
2007
Annual accounts 2007953 k €↑
2006
Annual accounts 2006338,3 k €
31/03/1995
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

APCO WORLDWIDE

Overview

What does APCO WORLDWIDE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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