ACTIVE

AP-ART

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Financial year 2025 · closed on 30/06/2025

Net result

125,3 k €

-24.7% YoY

Gross margin

367,1 k €

-50.1% YoY

Equity

375,7 k €

-52.6% YoY

Workforce

1,8 ETP

-73.1% YoY

What does AP-ART do?

AP-ART is a Private limited company incorporated in 2006. Its main activity is: Joinery installation. Its registered office is in Brecht. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.181.715

Incorporation

23/11/2006

Legal form

Private limited company

Registered office

Heihoefke 23
2960 Brecht · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Average workforce

1,8 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	367,1 k €	-50.1%	735,8 k €	+3.1%	713,8 k €	+42.4%	501,4 k €	+25.6%	399,3 k €	+35.1%	295,6 k €	+13.4%	260,6 k €	-14.6%	305,2 k €	+37.2%	222,5 k €	-4.9%	234 k €	+17.0%	200 k €	-15.3%	236,1 k €	-30.2%	338,1 k €	+65.3%	204,5 k €	-4.1%	213,3 k €	+4.9%	203,4 k €	+30.2%	156,2 k €	+46.8%	106,4 k €
EBITDA	235,4 k €	-26.9%	322,1 k €	+1.2%	318,2 k €	+140%	132,4 k €	-38.0%	213,5 k €	+82.9%	116,7 k €	+19.9%	97,3 k €	-32.4%	144 k €	+55.9%	92,4 k €	-19.7%	115,1 k €	+30.0%	88,5 k €	-16.3%	105,8 k €	-46.7%	198,5 k €	+123%	88,8 k €	-28.3%	123,9 k €	+54.3%	80,3 k €	+138%	33,7 k €	+294%	-17,4 k €
Operating result	181,3 k €	-27.5%	250,1 k €	-3.1%	258,2 k €	+240%	75,9 k €	-51.8%	157,6 k €	+163%	59,9 k €	-16.3%	71,5 k €	+38.8%	51,5 k €	+40.7%	36,6 k €	-46.7%	68,7 k €	+61.9%	42,4 k €	-31.9%	62,3 k €	-62.3%	165 k €	+161%	63,3 k €	-43.8%	112,6 k €	+101%	56,1 k €	+102%	27,7 k €	+227%	-21,8 k €
Net result	125,3 k €	-24.7%	166,4 k €	+5.2%	158,2 k €	+295%	40,1 k €	-55.2%	89,4 k €	+225%	27,5 k €	-1.0%	27,7 k €	+80.2%	15,4 k €	+167%	5,8 k €	-77.1%	25,2 k €	+155%	9,9 k €	-45.2%	18 k €	-79.0%	85,7 k €	+271%	23,1 k €	-64.0%	64,2 k €	+91.5%	33,5 k €	+36.3%	24,6 k €	+208%	-22,7 k €
Balance sheet
Equity	375,7 k €	-52.6%	792,1 k €	+26.6%	625,7 k €	+33.8%	467,5 k €	+9.4%	427,4 k €	+26.4%	338,1 k €	+8.8%	310,6 k €	+9.8%	282,9 k €	+5.8%	267,5 k €	+2.2%	261,7 k €	+10.6%	236,6 k €	+4.4%	226,7 k €	+2.7%	220,7 k €	+63.5%	135 k €	+20.6%	111,9 k €	+134%	47,8 k €	+235%	14,3 k €	+238%	-10,3 k €
Total assets	705,1 k €	-46.2%	1,3 M €	+3.5%	1,3 M €	+6.5%	1,2 M €	+1.3%	1,2 M €	+5.1%	1,1 M €	+9.8%	1 M €	+1.2%	1 M €	-5.8%	1,1 M €	+7.2%	993,9 k €	-6.8%	1,1 M €	-3.8%	1,1 M €	+0.1%	1,1 M €	+11.5%	993,3 k €	+118%	455,9 k €	+4.3%	437,3 k €	+321%	103,9 k €	+139%	43,4 k €
Cash	202,3 k €	+450%	36,8 k €	-51.1%	75,2 k €	+187%	26,2 k €	-38.8%	42,8 k €	+1095%	3,6 k €	-19.5%	4,5 k €	+16.6%	3,8 k €	-88.9%	34,5 k €	+227%	10,6 k €	+3278%	313,1 €	-47.0%	591,1 €	-68.3%	1,9 k €	-80.8%	9,7 k €	+77.2%	5,5 k €	-85.5%	37,8 k €	+4023%	916 €	-74.4%	3,6 k €
Debts	321,1 k €	-37.3%	511,8 k €	-20.0%	639,9 k €	-11.2%	720,4 k €	-3.3%	744,8 k €	-4.1%	776,9 k €	+10.3%	704,6 k €	-2.2%	720,5 k €	-9.7%	798 k €	+9.0%	732,2 k €	-11.8%	830,1 k €	-5.8%	881,6 k €	-0.6%	886,5 k €	+3.3%	858,3 k €	+149%	344 k €	-11.7%	389,5 k €	+335%	89,6 k €	+66.9%	53,7 k €
Other
Workforce	1,8 ETP	-73.1%	6,7 ETP	-6.9%	7,2 ETP		–		–		–		–		–		–		2,8 ETP	-20.0%	3,5 ETP	0.0%	3,5 ETP	+12.9%	3,1 ETP	+10.7%	2,8 ETP	+40.0%	2,0 ETP	-9.1%	2,2 ETP	-21.4%	2,8 ETP	+55.6%	1,8 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 30/06/2025 · 1 active · 2 ended

Active mandates

Paul VAN DOOREN

Director

Active

Ended mandates

Paul Maria VAN DOOREN

Manager

Ended

Paul VAN DOOREN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/12/2025	30/01/2025	30/01/2024	23/12/2022	31/01/2022	29/01/2021
General meeting	17/12/2025	29/01/2025	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	17/12/2025	22/12/2025	Dutch	PDF
Abridged model	30/06/2024	29/01/2025	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	02/12/2022	23/12/2022	Dutch	PDF
Micro model	30/06/2021	03/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	04/12/2020	29/01/2021	Dutch	PDF
Micro model	30/06/2019	06/12/2019	30/01/2020	Dutch	PDF
Micro model	30/06/2018	07/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	01/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	26/01/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	30/01/2015	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	31/01/2014	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	31/01/2012	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	28/02/2010	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	13/02/2009	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 30/06/2025 · 1 active · 2 ended

Active mandates

Paul VAN DOOREN

Director

Active

Ended mandates

Paul Maria VAN DOOREN

Manager

Ended

Paul VAN DOOREN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2025
WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring22/06/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/01/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares30/05/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/03/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other01/12/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025125,3 k €↓
2024
Annual accounts 2024166,4 k €↑
2024
Name changeAP-ART
2023
Annual accounts 2023158,2 k €↑
2022
Annual accounts 202240,1 k €↓
2022
Name changeVD PROJECTS
2021
Annual accounts 202189,4 k €↑
2020
Annual accounts 202027,5 k €↓
2019
Annual accounts 201927,7 k €↑
2018
Annual accounts 201815,4 k €↑
2017
Annual accounts 20175,8 k €↓
2016
Annual accounts 201625,2 k €↑
2015
Annual accounts 20159,9 k €↓
2014
Annual accounts 201418 k €↓
2013
Annual accounts 201385,7 k €↑
2012
Annual accounts 201223,1 k €↓
2011
Annual accounts 201164,2 k €↑
2010
Annual accounts 201033,5 k €↑
2009
Annual accounts 200924,6 k €↑
2008
Annual accounts 2008-22,7 k €
23/11/2006
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

AP-ART

Overview

What does AP-ART do?

Trend over 18 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