ACTIVE

APEC

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Financial year 2025 · closed on 30/09/2025

Net result

-4,3 k €

-9.2% YoY

Gross margin

27,6 k €

-3.7% YoY

Equity

-72,5 k €

-6.3% YoY

What does APEC do?

APEC is a Public limited company incorporated in 1995. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.120.535

Incorporation

27/04/1995

Legal form

Public limited company

Registered office

Avenue des Passereaux 26
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Signals

Positive cashflowPositive EBITDA

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		2008		2007
Income statement
Gross margin	27,6 k €	-3.7%	28,6 k €	-5.0%	30,2 k €	+21.4%	24,8 k €	-5.6%	26,3 k €	-6.9%	28,3 k €	-3.4%	29,3 k €	+16.1%	25,2 k €	+13.0%	22,3 k €	-25.6%	30 k €	+6.2%	28,2 k €	-0.3%	28,3 k €	-11.0%	31,8 k €	+2.9%	30,9 k €	+33.6%	23,2 k €	+30.6%	17,7 k €	-22.1%	22,8 k €	+0.8%	22,6 k €	+172%	8,3 k €
EBITDA	23,9 k €	-4.7%	25 k €	-6.3%	26,7 k €	+21.3%	22 k €	-5.2%	23,2 k €	-7.8%	25,2 k €	-3.9%	26,2 k €	+18.0%	22,2 k €	+14.6%	19,4 k €	-28.5%	27,1 k €	+7.3%	25,3 k €	-0.4%	25,4 k €	-12.3%	28,9 k €	+3.6%	27,9 k €	+38.1%	20,2 k €	+36.4%	14,8 k €	-25.5%	19,9 k €	+3.3%	19,3 k €	+296%	4,9 k €
Operating result	-3,6 k €	-14.1%	-3,2 k €	-131%	-1,4 k €	+71.3%	-4,8 k €	-82.8%	-2,6 k €	-488%	678,4 €	-76.3%	2,9 k €	+1245%	-250,5 €	+89.7%	-2,4 k €	-145%	5,4 k €	+52.0%	3,5 k €	-12.3%	4 k €	-49.3%	7,9 k €	+9.0%	7,3 k €	+1770%	-435 €	+92.5%	-5,8 k €	-672%	-756 €	+45.7%	-1,4 k €	+91.2%	-15,8 k €
Net result	-4,3 k €	-9.2%	-4 k €	-73.3%	-2,3 k €	+55.0%	-5,1 k €	-81.6%	-2,8 k €	-830%	382,5 €	-85.2%	2,6 k €	+544%	-582,1 €	+79.9%	-2,9 k €	-165%	4,5 k €	+130%	1,9 k €	+8.0%	1,8 k €	-65.4%	5,2 k €	+27.6%	4,1 k €	+199%	-4,1 k €	+59.0%	-10,1 k €	-98.8%	-5,1 k €	+22.1%	-6,5 k €	+69.5%	-21,3 k €
Balance sheet
Equity	-72,5 k €	-6.3%	-68,2 k €	-6.2%	-64,2 k €	-3.7%	-61,9 k €	-8.9%	-56,9 k €	-5.2%	-54,1 k €	+0.7%	-54,5 k €	+4.5%	-57 k €	-1.0%	-56,5 k €	-5.4%	-53,6 k €	+7.7%	-58 k €	+3.2%	-60 k €	+2.9%	-61,8 k €	+7.8%	-67 k €	+5.7%	-71 k €	-6.2%	-66,9 k €	-17.7%	-56,8 k €	-9.8%	-51,8 k €	-14.4%	-45,3 k €
Total assets	221,6 k €	-9.8%	245,7 k €	-13.0%	282,4 k €	-1.4%	286,5 k €	-5.9%	304,6 k €	-4.0%	317,3 k €	-4.4%	332 k €	-4.0%	345,8 k €	-4.6%	362,5 k €	-3.8%	376,8 k €	-5.1%	397,1 k €	-6.0%	422,6 k €	-4.9%	444,3 k €	-2.0%	453,2 k €	-4.0%	472,2 k €	-4.6%	495,2 k €	-3.4%	512,8 k €	-3.7%	532,4 k €	-3.7%	553,1 k €
Cash	14,5 k €	+10.6%	13,1 k €	-40.1%	21,9 k €	+35.5%	16,2 k €	+66.0%	9,7 k €	-0.5%	9,8 k €	-15.4%	11,6 k €	+18.9%	9,7 k €	+15.2%	8,5 k €	+444%	1,6 k €	+155200%	1 €	-100.0%	7,5 k €	-35.7%	11,7 k €	+182%	4,1 k €	+64.0%	2,5 k €	-47.9%	4,8 k €	+175%	1,8 k €	+121%	798 €	+0.3%	796 €
Debts	294,1 k €	-6.3%	313,9 k €	-9.4%	346,7 k €	-0.5%	348,5 k €	-3.6%	361,4 k €	-2.7%	371,3 k €	-3.9%	386,4 k €	-4.1%	402,8 k €	-3.7%	418,2 k €	-2.8%	430,4 k €	-5.4%	455 k €	-5.6%	481,8 k €	-4.7%	505,3 k €	-2.7%	519,4 k €	-4.4%	543,2 k €	-3.4%	562,1 k €	-1.3%	569,6 k €	-2.4%	583,5 k €	-2.4%	597,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 10 ended

Active mandates

Donatienne VEROUGSTRAETE

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Jean-Christophe VEROUGSTRAETE

Director · since 03 mars 2025 · until 03 mars 2031

Active

Vinciane VEROUGSTRAETE

Director · since 03 mars 2025 · until 03 mars 2031

Active

Ended mandates

Donatienne VEROUGSTRAETE

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Jean-Christophe VEROUGSTRAETE

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Vinciane VEROUGSTRAETE

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Donatienne VEROUGSTRAETE

Managing director · since 03 mars 2013

Ended

At this address

Other companies at this address

Company	CBE no.
BELGIAN FOOT AND ANKLE SOCIETY● Active	0431.123.428
DR GOMBAULT-DR. VEROUGSTRAETE● Active	0883.451.353
FOOT AND ANKLE INSTITUTE● Active	0834.420.031

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/03/2026	10/04/2025	23/04/2024	05/04/2023	22/03/2022	11/03/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	02/03/2026	26/03/2026	French	PDF
Micro model	30/09/2024	03/03/2025	10/04/2025	French	PDF
Micro model	30/09/2023	04/03/2024	23/04/2024	French	PDF
Micro model	30/09/2022	06/03/2023	05/04/2023	French	PDF
Micro model	30/09/2021	07/03/2022	22/03/2022	French	PDF
Micro model	30/09/2020	01/03/2021	11/03/2021	French	PDF
Micro model	30/09/2019	02/03/2020	21/03/2020	French	PDF
Abridged model	30/09/2018	05/03/2019	18/03/2019	French	PDF
Abridged model	30/09/2017	06/03/2018	20/03/2018	French	PDF
Abridged model	30/09/2016	06/03/2017	26/04/2017	French	PDF
Abridged model	30/09/2015	07/03/2016	08/03/2016	French	PDF
Abridged model	30/09/2014	02/03/2015	11/03/2015	French	PDF
Abridged model	30/09/2013	03/03/2014	14/03/2014	French	PDF
Abridged model	30/09/2012	04/03/2013	12/02/2014	French	PDF
Abridged model	30/09/2011	05/03/2012	27/03/2012	French	PDF
Abridged model	30/09/2010	07/03/2011	04/04/2011	French	PDF
Abridged model	30/09/2009	08/01/2010	05/03/2010	French	PDF
Abridged model	30/09/2008	09/01/2009	11/03/2009	French	PDF
Abridged model	30/09/2007	04/03/2008	25/03/2008	French	PDF
Abridged model	30/09/2006	05/03/2007	26/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 3 active · 10 ended

Active mandates

Donatienne VEROUGSTRAETE

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Jean-Christophe VEROUGSTRAETE

Director · since 03 mars 2025 · until 03 mars 2031

Active

Vinciane VEROUGSTRAETE

Director · since 03 mars 2025 · until 03 mars 2031

Active

Ended mandates

Donatienne VEROUGSTRAETE

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Jean-Christophe VEROUGSTRAETE

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Vinciane VEROUGSTRAETE

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Donatienne VEROUGSTRAETE

Managing director · since 03 mars 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates04/04/2007
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 2025-4,3 k €↓
2024
Annual accounts 2024-4 k €↓
2023
Annual accounts 2023-2,3 k €↑
2022
Annual accounts 2022-5,1 k €↓
2021
Annual accounts 2021-2,8 k €↓
2020
Annual accounts 2020382,5 €↓
2019
Annual accounts 20192,6 k €↑
2018
Annual accounts 2018-582,1 €↑
2017
Annual accounts 2017-2,9 k €↓
2016
Annual accounts 20164,5 k €↑
2015
Annual accounts 20151,9 k €↑
2014
Annual accounts 20141,8 k €↓
2013
Annual accounts 20135,2 k €↑
2012
Annual accounts 20124,1 k €↑
2011
Annual accounts 2011-4,1 k €↑
2010
Annual accounts 2010-10,1 k €↓
2009
Annual accounts 2009-5,1 k €↑
2008
Annual accounts 2008-6,5 k €↑
2007
Annual accounts 2007-21,3 k €
27/04/1995
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

APEC

Overview

What does APEC do?

Trend over 19 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