ACTIVE

A.P.E.

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Financial year 2025 · closed on 31/12/2025

Net result

-424,9 k €

+69.9% YoY

Gross margin

-196,1 k €

-21.4% YoY

Equity

7,2 M €

-21.2% YoY

What does A.P.E. do?

A.P.E. is a Public limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.731.642

Incorporation

26/03/1999

Legal form

Public limited company

Registered office

Schildersstraat 2
2000 Antwerpen · FlandreSee on map

Contributed capital

5 400 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy 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	-196,1 k €	-21.4%	-161,6 k €	+45.7%	-297,8 k €	-93.5%	-153,9 k €	-20.3%	-127,9 k €	-163%	204,6 k €	-65.2%	587,3 k €	-42.5%	1 M €	-46.0%	1,9 M €	+410%	370,3 k €	+36.4%	271,5 k €	-33.8%	410,2 k €	-26.6%	559,1 k €	-37.3%	892,3 k €	-19.3%	1,1 M €	+108%	530,8 k €	-35.9%	827,8 k €	-14.1%	963,2 k €	+266%	263,1 k €	+149%	105,4 k €
EBITDA	-350,6 k €	+4.9%	-368,8 k €	+31.4%	-537,6 k €	-46.9%	-366,1 k €	-10.3%	-332 k €	-692%	-41,9 k €	-112%	352,5 k €	-57.0%	820,7 k €	-52.1%	1,7 M €	+736%	205 k €	+190%	-227,1 k €	+42.1%	-392 k €	-11.0%	-353,2 k €	-1689%	22,2 k €	-90.9%	243,6 k €	+1060%	21 k €	-96.9%	680,8 k €	-19.9%	850,1 k €	+457%	152,6 k €	+131%	66,1 k €
Operating result	-353,5 k €	+5.1%	-372,5 k €	+31.3%	-542,3 k €	-42.8%	-379,8 k €	-9.9%	-345,5 k €	-521%	-55,7 k €	-117%	335,4 k €	-58.3%	803,9 k €	-52.6%	1,7 M €	+775%	194 k €	+181%	-238,7 k €	+82.2%	-1,3 M €	-3.9%	-1,3 M €	-43.2%	-902,1 k €	-29.2%	-698 k €	-72.4%	-405 k €	-184%	484,7 k €	-42.3%	840,1 k €	+492%	141,8 k €	+121%	64,2 k €
Net result	-424,9 k €	+69.9%	-1,4 M €	-240%	1 M €	+737%	-157,9 k €	-207%	147,5 k €	-89.3%	1,4 M €	+42.4%	970,6 k €	-79.7%	4,8 M €	+176%	1,7 M €	+318%	414,8 k €	+132%	-1,3 M €	-0.4%	-1,3 M €	+45.5%	-2,4 M €	-162%	-916,2 k €	-53.9%	-595,3 k €	-53.2%	-388,5 k €	-134%	1,1 M €	+50.3%	760,7 k €	-78.4%	3,5 M €	+17244%	20,3 k €
Balance sheet
Equity	7,2 M €	-21.2%	9,1 M €	-17.4%	11 M €	+0.0%	11 M €	-9.5%	12,1 M €	-2.8%	12,5 M €	+3.2%	12,1 M €	+8.7%	11,1 M €	+75.3%	6,4 M €	+13.0%	5,6 M €	+8.0%	5,2 M €	-40.5%	8,7 M €	-11.9%	9,9 M €	+1.0%	9,8 M €	-8.5%	10,7 M €	+97.5%	5,4 M €	-6.7%	5,8 M €	+24.4%	4,7 M €	+19.4%	3,9 M €	+35.0%	2,9 M €
Total assets	7,3 M €	-21.2%	9,3 M €	-22.8%	12 M €	-8.0%	13 M €	+2.6%	12,7 M €	+1.3%	12,5 M €	+1.8%	12,3 M €	+9.7%	11,2 M €	+51.7%	7,4 M €	-6.7%	7,9 M €	+51.0%	5,3 M €	-40.4%	8,8 M €	-15.1%	10,4 M €	+2.4%	10,1 M €	-7.1%	10,9 M €	+1.6%	10,8 M €	+4.0%	10,3 M €	+98.7%	5,2 M €	+28.4%	4,1 M €	+38.4%	2,9 M €
Cash	1,2 M €	-39.3%	1,9 M €	-44.4%	3,4 M €	-53.0%	7,3 M €	+231%	2,2 M €	-41.0%	3,8 M €	-13.6%	4,3 M €	-3.1%	4,5 M €	+115%	2,1 M €	-16.6%	2,5 M €	+53.3%	1,6 M €	+301%	407,9 k €	+0.1%	407,7 k €	-41.4%	695,2 k €	-0.7%	700,1 k €	+228%	213,4 k €	+16.3%	183,5 k €	-36.5%	289,2 k €	+242%	84,6 k €	+46.3%	57,8 k €
Debts	144 k €	-19.1%	177,9 k €	-82.3%	1 M €	-51.1%	2,1 M €	+267%	559 k €	+1045%	48,8 k €	-76.2%	205,2 k €	+125%	91,3 k €	-91.3%	1 M €	-54.6%	2,3 M €	+4454%	50,8 k €	-32.7%	75,6 k €	-83.7%	463,3 k €	+169%	172,3 k €	-3.0%	177,6 k €	-96.7%	5,3 M €	+17.8%	4,5 M €	+777%	514,3 k €	+303%	127,5 k €	+518%	20,6 k €
Other
Workforce	–		1,8 ETP	-21.7%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	-8.0%	2,5 ETP	+8.7%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	-52.1%	4,8 ETP	-38.5%	7,8 ETP	+9.9%	7,1 ETP	-50.7%	14,4 ETP	+56.5%	9,2 ETP	+50.8%	6,1 ETP	+118%	2,8 ETP	+16.7%	2,4 ETP	-7.7%	2,6 ETP	+333%	0,6 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 · 4 active · 16 ended

Active mandates

Anouk VAN BELLE

Director · since 31 mai 2023 · until 31 mai 2029

Active

Benoît DE LANDSHEER

Director · since 31 mai 2023 · until 31 mai 2029

Active

Eric VERBEECK

Director · since 31 mai 2023 · until 31 mai 2029

Active

Stephane VERBEECK

Director · since 31 mai 2023 · until 31 mai 2029

Active

Ended mandates

Anouk VAN BELLE

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Benoît DE LANDSHEER

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Eric VERBEECK

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Stephane VERBEECK

Director · since 31 mai 2017 · until 31 mai 2023

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	26/06/2026	26/06/2025	28/06/2024	13/06/2023	10/07/2022	28/05/2021
General meeting	27/05/2026	28/05/2025	31/05/2024	31/05/2023	31/05/2022	27/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/05/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	10/07/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	28/05/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/05/2019	08/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	27/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	30/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	29/08/2007	Dutch	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 · 4 active · 16 ended

Active mandates

Anouk VAN BELLE

Director · since 31 mai 2023 · until 31 mai 2029

Active

Benoît DE LANDSHEER

Director · since 31 mai 2023 · until 31 mai 2029

Active

Eric VERBEECK

Director · since 31 mai 2023 · until 31 mai 2029

Active

Stephane VERBEECK

Director · since 31 mai 2023 · until 31 mai 2029

Active

Ended mandates

Anouk VAN BELLE

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Benoît DE LANDSHEER

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Eric VERBEECK

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Stephane VERBEECK

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other13/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/12/2015
KAPITAAL - AANDELEN
PDF
Capital / shares17/06/2015
KAPITAAL - AANDELEN
PDF
Mandates09/04/2015
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/01/2015
KAPITAAL - AANDELEN
PDF
Registered office21/06/2013
MAATSCHAPPELIJKE ZETEL
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 2025-424,9 k €↑
2024
Annual accounts 2024-1,4 M €↓
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022-157,9 k €↓
2021
Annual accounts 2021147,5 k €↓
2020
Annual accounts 20201,4 M €↑
2019
Annual accounts 2019970,6 k €↓
2018
Annual accounts 20184,8 M €↑
2017
Annual accounts 20171,7 M €↑
2016
Annual accounts 2016414,8 k €↑
2015
Annual accounts 2015-1,3 M €↓
2014
Annual accounts 2014-1,3 M €↑
2013
Annual accounts 2013-2,4 M €↓
2012
Annual accounts 2012-916,2 k €↓
2011
Annual accounts 2011-595,3 k €↓
2010
Annual accounts 2010-388,5 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008760,7 k €↓
2007
Annual accounts 20073,5 M €↑
2006
Annual accounts 200620,3 k €
26/03/1999
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

A.P.E.

Overview

What does A.P.E. 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