ACTIVE

A.P.V.C.

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Financial year 2025 · closed on 31/03/2025

Net result

365,4 k €

+545.4% YoY

Gross margin

1,1 M €

+72.9% YoY

Equity

442,3 k €

-0.1% YoY

Workforce

9,9 ETP

+43.5% YoY

What does A.P.V.C. do?

A.P.V.C. is a Private limited company incorporated in 2003. Its registered office is in Zonnebeke. It employs on average 9,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.874.802

Incorporation

06/10/2003

Legal form

Private limited company

Registered office

Kasteelstraat 5 box A
8980 Zonnebeke · FlandreSee on map

Contributed capital

21 000,00 €

Latest accounts

31/03/2025

Average workforce

9,9 ETP

Joint committees (1)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,1 M €	+72.9%	657,5 k €	-19.1%	812,5 k €	+56.4%	519,4 k €	+0.3%	517,8 k €	-4.5%	542 k €	-20.3%	680,4 k €	+26.7%	537 k €	+1750%	29 k €	+101%	14,4 k €	-87.0%	110,7 k €	+465%	19,6 k €	+2358%	-868 €	-103%	27,2 k €	-58.6%	65,6 k €	+35.2%	48,6 k €	-69.0%	156,8 k €
EBITDA	432,5 k €	+169%	160,9 k €	-60.0%	402,3 k €	+180%	143,9 k €	-27.4%	198,3 k €	-8.9%	217,7 k €	-45.7%	401 k €	+21.7%	329,7 k €	+1247%	24,5 k €	+1678%	-1,6 k €	-102%	82,6 k €	+650%	11 k €	+375%	-4 k €	-117%	23,8 k €	-59.9%	59,3 k €	+31.0%	45,3 k €	-70.0%	151,1 k €
Operating result	360,4 k €	+326%	84,6 k €	-74.8%	335,5 k €	+412%	65,6 k €	-50.0%	131 k €	-2.7%	134,6 k €	-58.8%	327,1 k €	+22.6%	266,9 k €	+1042%	-28,3 k €	+33.7%	-42,7 k €	+23.3%	-55,7 k €	-88.2%	-29,6 k €	+52.2%	-61,9 k €	+30.4%	-88,9 k €	-304%	43,6 k €	+2.4%	42,5 k €	-58.2%	101,7 k €
Net result	365,4 k €	+545%	56,6 k €	-79.1%	270,8 k €	+516%	44 k €	-63.5%	120,6 k €	-12.1%	137,1 k €	-55.8%	310,3 k €	+20.2%	258,1 k €	+958%	-30,1 k €	+45.7%	-55,5 k €	+25.8%	-74,8 k €	-58.4%	-47,2 k €	+45.9%	-87,3 k €	-128%	311,2 k €	+274%	83,1 k €	+4324%	1,9 k €	-97.9%	90,5 k €
Balance sheet
Equity	442,3 k €	-0.1%	442,9 k €	+14.7%	386,3 k €	+45.5%	265,4 k €	+19.9%	221,4 k €	+42.1%	155,9 k €	+12.3%	138,7 k €	+28.0%	108,4 k €	-72.6%	395,9 k €	-7.1%	426 k €	-11.5%	481,4 k €	-13.4%	556,2 k €	-7.8%	603,4 k €	-12.6%	690,7 k €	+82.0%	379,5 k €	+28.0%	296,4 k €	+0.6%	294,5 k €
Total assets	1,8 M €	+20.5%	1,5 M €	+16.9%	1,3 M €	+41.7%	902,5 k €	-22.5%	1,2 M €	+17.4%	992,2 k €	+47.9%	670,8 k €	+64.5%	407,8 k €	-55.3%	912,5 k €	+1.2%	901,5 k €	-11.6%	1 M €	+2.0%	999,8 k €	-4.2%	1 M €	-9.0%	1,1 M €	+32.0%	868,8 k €	+1.5%	855,6 k €	+3.9%	823,1 k €
Cash	486,3 k €	+267%	132,5 k €	-54.1%	288,9 k €	+129%	126,3 k €	-24.6%	167,5 k €	+1.8%	164,5 k €	+7.8%	152,6 k €	+49.5%	102 k €	+712%	12,6 k €	-50.6%	25,4 k €	-25.8%	34,3 k €	+102%	17 k €	-62.7%	45,4 k €	-3.2%	46,9 k €	-75.6%	191,8 k €	+3277%	5,7 k €	-68.1%	17,8 k €
Debts	1,4 M €	+29.1%	1,1 M €	+17.9%	892,6 k €	+40.1%	637,1 k €	-32.4%	943 k €	+12.8%	836,3 k €	+57.2%	532 k €	+77.7%	299,4 k €	-42.1%	516,6 k €	+8.6%	475,6 k €	-11.6%	538,1 k €	+21.3%	443,6 k €	+0.7%	440,6 k €	-3.4%	456,1 k €	-6.8%	489,3 k €	-12.5%	559,2 k €	+6.0%	527,7 k €
Other
Workforce	9,9 ETP	+43.5%	6,9 ETP	+11.3%	6,2 ETP	+3.3%	6,0 ETP	0.0%	6,0 ETP		–		–		–		–		0,5 ETP	-50.0%	1,0 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 31/03/2025 · 1 active · 3 ended

Active mandates

VTC-APVC

Director · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Active

Ended mandates

VTC-APVC

Director · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Ended

VTC-APVC

Manager · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Ended

Pascal Cardoen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	31/10/2024	31/10/2023	03/11/2022	03/11/2021	27/10/2020
General meeting	28/10/2025	29/10/2024	23/10/2023	25/10/2022	25/09/2021	26/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	28/10/2025	31/10/2025	Dutch	PDF
Abridged model	31/03/2024	29/10/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	23/10/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	25/10/2022	03/11/2022	Dutch	PDF
Abridged model	31/03/2021	25/09/2021	03/11/2021	Dutch	PDF
Micro model	31/03/2020	26/09/2020	27/10/2020	Dutch	PDF
Micro model	31/03/2019	28/09/2019	31/10/2019	Dutch	PDF
Micro model	31/03/2018	29/09/2018	26/10/2018	Dutch	PDF
Micro model	31/03/2017	30/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	27/10/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	28/09/2015	Dutch	PDF
Abridged model	31/03/2014	27/09/2014	13/10/2014	Dutch	PDF
Abridged model	31/03/2013	16/10/2013	30/10/2013	Dutch	PDF
Abridged model	31/03/2012	08/01/2013	25/01/2013	Dutch	PDF
Abridged model	31/03/2011	03/12/2011	27/12/2011	Dutch	PDF
Abridged model	31/03/2010	04/12/2010	23/12/2010	Dutch	PDF
Abridged model	31/03/2009	26/09/2009	30/11/2009	Dutch	PDF
Abridged model	31/03/2008	27/09/2008	20/11/2008	Dutch	PDF
Abridged model	30/06/2006	30/12/2006	02/01/2007	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 31/03/2025 · 1 active · 3 ended

Active mandates

VTC-APVC

Director · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Active

Ended mandates

VTC-APVC

Director · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Ended

VTC-APVC

Manager · since 01 janvier 2018 · 0668.703.845

Represented by Pascal Cardoen

Ended

Pascal Cardoen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/07/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/01/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares14/10/2016
DOEL - KAPITAAL - AANDELEN
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 2025365,4 k €↑
2024
Annual accounts 202456,6 k €↓
2023
Annual accounts 2023270,8 k €↑
2022
Annual accounts 202244 k €↓
2021
Annual accounts 2021120,6 k €↓
2020
Annual accounts 2020137,1 k €↓
2019
Annual accounts 2019310,3 k €↑
2018
Annual accounts 2018258,1 k €↑
2016
Annual accounts 2016-30,1 k €↑
2015
Annual accounts 2015-55,5 k €↑
2014
Annual accounts 2014-74,8 k €↓
2013
Annual accounts 2013-47,2 k €↑
2012
Annual accounts 2012-87,3 k €↓
2011
Annual accounts 2011311,2 k €↑
2010
Annual accounts 201083,1 k €↑
2009
Annual accounts 20091,9 k €↓
2008
Annual accounts 200890,5 k €
06/10/2003
IncorporationPrivate 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.V.C.

Overview

What does A.P.V.C. do?

Trend over 17 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