ACTIVE

APIPRO MAINTENANCE SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

122,3 k €

+1225162.5% YoY

Gross margin

1,9 M €

+11.5% YoY

Equity

774,4 k €

+18.7% YoY

Workforce

10,0 ETP

-2.9% YoY

What does APIPRO MAINTENANCE SYSTEMS do?

APIPRO MAINTENANCE SYSTEMS is a Public limited company incorporated in 1997. Its registered office is in Wichelen. It employs on average 10,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.788.314

Incorporation

20/01/1997

Legal form

Public limited company

Registered office

Meerbos 2
9260 Wichelen · FlandreSee on map

Contributed capital

365 971,59 €

Latest accounts

31/12/2025

Average workforce

10,0 ETP

Joint committees (3)

200
2000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,9 M €	+11.5%	1,7 M €	-10.2%	1,9 M €	+19.9%	1,6 M €	+71.1%	914,1 k €	-5.3%	964,7 k €	-1.3%	977,4 k €	+10.4%	885,3 k €	+16.7%	758,7 k €	+2.2%	742,6 k €	+10.4%	672,5 k €	+21.8%	552,2 k €	+24.8%	442,5 k €	-12.4%	505 k €	-1.6%	513,4 k €	+33.4%	384,9 k €	+35.9%	283,2 k €	+45.3%	195 k €	+30.8%	149,1 k €	-36.7%	235,7 k €
EBITDA	322,4 k €	+149%	129,4 k €	-7.8%	140,4 k €	+33.8%	104,9 k €	+57.0%	66,8 k €	-27.0%	91,5 k €	-12.0%	103,9 k €	-2.0%	106,1 k €	+2.5%	103,5 k €	+8.4%	95,5 k €	+36.7%	69,9 k €	+49.2%	46,9 k €	+0.9%	46,4 k €	-1.1%	46,9 k €	+6.4%	44,1 k €	-30.5%	63,5 k €	+184%	22,4 k €	+129%	-76 k €	+52.1%	-158,6 k €	-398%	-31,9 k €
Operating result	321,9 k €	+149%	129,4 k €	-7.8%	140,4 k €	+39.3%	100,8 k €	+65.0%	61,1 k €	-26.8%	83,5 k €	-11.1%	93,9 k €	+2.2%	91,9 k €	+1.5%	90,6 k €	+8.4%	83,5 k €	+32.1%	63,2 k €	+58.3%	39,9 k €	+1.9%	39,2 k €	-4.6%	41,1 k €	+5.4%	39 k €	-35.0%	60 k €	+214%	19,1 k €	+124%	-79,6 k €	+51.3%	-163,6 k €	-316%	-39,4 k €
Net result	122,3 k €	+1225163%	-10 €	-100%	20,6 k €	-60.8%	52,4 k €	+51.9%	34,5 k €	-33.9%	52,2 k €	-6.2%	55,7 k €	+4.4%	53,3 k €	+4.7%	50,9 k €	+8.8%	46,8 k €	+32.3%	35,3 k €	+27.0%	27,8 k €	-17.6%	33,8 k €	-8.1%	36,8 k €	+4.4%	35,2 k €	-36.2%	55,2 k €	+337%	12,6 k €	+116%	-81,2 k €	+50.6%	-164,5 k €	-316%	-39,5 k €
Balance sheet
Equity	774,4 k €	+18.7%	652,1 k €	-0.0%	652,1 k €	+3.3%	631,6 k €	+9.1%	579,1 k €	+6.3%	544,6 k €	+10.6%	492,4 k €	+12.7%	436,8 k €	+13.9%	383,5 k €	+15.3%	332,6 k €	+16.4%	285,8 k €	+14.1%	250,5 k €	+12.5%	222,6 k €	+17.9%	188,8 k €	+24.2%	152,1 k €	+30.1%	116,9 k €	+512%	-28,4 k €	+30.8%	-41 k €	-202%	40,2 k €	-80.3%	204,7 k €
Total assets	7,6 M €	+9.4%	6,9 M €	+37.5%	5 M €	+65.0%	3 M €	+291%	779,4 k €	-3.0%	803,5 k €	+11.9%	717,9 k €	+20.2%	597,3 k €	+16.1%	514,6 k €	-1.9%	524,4 k €	+15.9%	452,4 k €	+26.6%	357,3 k €	+4.0%	343,5 k €	+1.8%	337,4 k €	+5.2%	320,6 k €	+55.7%	205,9 k €	-31.4%	300,1 k €	-43.8%	534,2 k €	+24.0%	431 k €	-19.8%	537,7 k €
Cash	0 €	-100%	5,7 €	-96.3%	153,3 €	+0.8%	152,1 €	-2.7%	156,4 €	-99.5%	28,7 k €	-67.7%	88,9 k €	+57.0%	56,6 k €	+31.4%	43,1 k €	-42.6%	75,1 k €	+81.9%	41,3 k €	-23.6%	54 k €	-74.1%	208,6 k €	+31.7%	158,4 k €	+152%	62,8 k €	+151%	25 k €	+45.5%	17,2 k €	+34.7%	12,8 k €	-77.7%	57,3 k €	-28.4%	80 k €
Debts	6,4 M €	+6.0%	6,1 M €	+41.5%	4,3 M €	+77.1%	2,4 M €	+1107%	200,1 k €	-22.7%	258,8 k €	+15.0%	224,9 k €	+40.1%	160,6 k €	+22.4%	131,2 k €	-31.6%	191,8 k €	+15.2%	166,6 k €	+55.9%	106,9 k €	-11.5%	120,8 k €	-18.2%	147,8 k €	-12.3%	168,5 k €	+91.6%	87,9 k €	-73.1%	326,3 k €	-12.4%	372,3 k €	+92.9%	193 k €	-30.0%	275,9 k €
Other
Workforce	10,0 ETP	-2.9%	10,3 ETP	-13.4%	11,9 ETP	+3.5%	11,5 ETP	+49.4%	7,7 ETP	+10.0%	7,0 ETP	+6.1%	6,6 ETP	+1.5%	6,5 ETP	+18.2%	5,5 ETP	+7.8%	5,1 ETP	+13.3%	4,5 ETP	+4.7%	4,3 ETP	+38.7%	3,1 ETP	+3.3%	3,0 ETP	-14.3%	3,5 ETP	+25.0%	2,8 ETP	+7.7%	2,6 ETP	+4.0%	2,5 ETP	+38.9%	1,8 ETP	-30.8%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

Hellen Stein

Director · since 02 mai 2025 · until 02 mai 2031

Active

Irena Majumdar

Director · since 09 décembre 2024 · until 31 décembre 2029

Active

Nicola Marrison

Director · since 20 mai 2021 · until 20 mai 2027

Active

Ended mandates

Kevin James McAdams

Director · since 20 mai 2021 · until 31 mai 2022

Ended

Kevin James McAdams

Director · since 20 mai 2021

Ended

Nicola Marrison

Director · since 20 mai 2021

Ended

Karen Louise Chalmers

Director · since 26 janvier 2020 · until 20 mai 2021

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/07/2026	24/07/2025	07/10/2024	13/07/2023	07/06/2022	02/07/2021
General meeting	30/06/2026	30/06/2025	27/09/2024	30/06/2023	19/05/2022	29/06/2021
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
Abridged model	31/12/2025	30/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	28/05/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	02/06/2014	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 26 ended

Active mandates

Hellen Stein

Director · since 02 mai 2025 · until 02 mai 2031

Active

Irena Majumdar

Director · since 09 décembre 2024 · until 31 décembre 2029

Active

Nicola Marrison

Director · since 20 mai 2021 · until 20 mai 2027

Active

Ended mandates

Kevin James McAdams

Director · since 20 mai 2021 · until 31 mai 2022

Ended

Kevin James McAdams

Director · since 20 mai 2021

Ended

Nicola Marrison

Director · since 20 mai 2021

Ended

Karen Louise Chalmers

Director · since 26 janvier 2020 · until 20 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other04/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/05/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2019
ONTSLAGEN - BENOEMINGEN
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 2025122,3 k €↑
2024
Annual accounts 2024-10 €↓
2023
Annual accounts 202320,6 k €↓
2022
Annual accounts 202252,4 k €↑
2021
Annual accounts 202134,5 k €↓
2021
Name changeApipro Maintenance Systems
2020
Annual accounts 202052,2 k €↓
2019
Annual accounts 201955,7 k €↑
2018
Annual accounts 201853,3 k €↑
2017
Annual accounts 201750,9 k €↑
2016
Annual accounts 201646,8 k €↑
2015
Annual accounts 201535,3 k €↑
2014
Annual accounts 201427,8 k €↓
2013
Annual accounts 201333,8 k €↓
2012
Annual accounts 201236,8 k €↑
2011
Annual accounts 201135,2 k €↓
2010
Annual accounts 201055,2 k €↑
2009
Annual accounts 200912,6 k €↑
2008
Annual accounts 2008-81,2 k €↑
2007
Annual accounts 2007-164,5 k €↓
2006
Annual accounts 2006-39,5 k €
2006
Name changeAPIPRO MAINTENANCE SYTEMS
20/01/1997
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

APIPRO MAINTENANCE SYSTEMS

Overview

What does APIPRO MAINTENANCE SYSTEMS do?

Trend over 20 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