AAQUA
ActiveSummary
AAQUA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.2m and a net result of €665,041. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 62 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-2
Solvency64▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.47 in 2023; short-term debt: 59.8% and cash: 9.5% of total assets), and 61.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 36
Relative position
BE, all sectors
reference
Water collection, treatment and supply (NACE 36)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.9%
Return on assets
6.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
40 d early
2022
32 d early
2021
33 d early
2020
32 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 fastest grower in Sint-Katelijne-Waver
Equity
€4.2m▲ 18.8%
2023 · €3.5m
Total assets
€10.8m▲ 29.7%
2023 · €8.3m
Net result
€665,041▲ 12.2%
2023 · €592,819
Working capital
€2.4m▲ 13.1%
2023 · €2.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€687,489▼ 1.8%€738,922▲ 7.5%€858,815▲ 16.2%€725,571▼ 15.5%€791,371▲ 9.1%
Net result€560,119▲ 13.8%€601,027▲ 7.3%€711,698▲ 18.4%€592,819▼ 16.7%€665,041▲ 12.2%
Equity€1.6m▲ 52.5%€2.2m▲ 37.0%€2.9m▲ 32.0%€3.5m▲ 20.2%€4.2m▲ 18.8%
Total assets€6.1m▲ 52.5%€7.8m▲ 28.7%€9.0m▲ 15.6%€8.3m▼ 7.8%€10.8m▲ 29.7%
Debt€4.4m▲ 52.4%€5.6m▲ 25.2%€6.1m▲ 9.1%€4.8m▼ 21.4%€6.6m▲ 38.2%
Working capital€1.4m▲ 70.3%€1.6m▲ 14.2%€1.7m▲ 9.5%€2.1m▲ 21.4%€2.4m▲ 13.1%
Staff (FTE)16.8▲ 6.3%18.8▲ 11.9%21.4▲ 13.8%25.1▲ 17.3%25.8▲ 2.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.8m
Fixed assets
€2.0m ▲ 9.7%
Current assets
€8.8m ▲ 35.2%
Equity and liabilities €10.8m
Equity
€4.2m ▲ 18.8%
Provisions
€0 ▼ 100%
Debt
€6.6m ▲ 38.2%
Debt's share of the balance-sheet total rises from 57.3% to 61.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2023 · €1.0m
Cash flow
€1.2m▲
2023 · €912,837
Current ratio
1.37▼
2023 · 1.47
Quick ratio
0.59▼
2023 · 0.64
Debt to equity
1.57▲
2023 · 1.35
ROE
15.8%▼
2023 · 16.8%
ROA
6.2%▼
2023 · 7.1%
Interest coverage
303.98▲
2023 · 174.34
Debt ≤ 1 year
€6.5m▲
2023 · €4.4m
Debt > 1 year
€135,839▼
2023 · €338,138
Income taxes
€209,746▲
2023 · €188,967
Staff costs
€2.1m▲
2023 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.4m | €1.7m | €2.1m | €2.1m | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,058 | €169,462 | €282,839 | €320,018 | €496,943 | ▲ 55.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €66,869 | €0 | - | - | - |
| Other operating charges640/8 | - | €93,020 | €7,506 | €9,113 | €34,967 | ▲ 284% |
| Non-recurring operating charges66A | - | €90,128 | €0 | €1,871 | €0 | ▼ 100% |
| Gross operating margin9900 | €2.1m | €2.6m | €2.8m | €3.1m | €3.4m | ▲ 9.3% |
| Operating profit (loss)9901 | €687,489 | €738,922 | €858,815 | €725,571 | €791,371 | ▲ 9.1% |
| Financial income75/76B | - | €40,529 | €51,931 | €60,890 | €71,486 | ▲ 17.4% |
| Recurring financial income75 | €24,793 | €40,529 | €51,931 | €60,890 | €71,486 | ▲ 17.4% |
| Financial charges65/66B | - | €12,836 | €8,155 | €5,997 | €4,238 | ▼ 29.3% |
| Recurring financial charges65 | €1,816 | €12,836 | €8,155 | €5,997 | €4,238 | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | €710,466 | €766,614 | €902,592 | €780,464 | €858,618 | ▲ 10.0% |
| Transfer from deferred taxes780 | - | - | €1,322 | €1,322 | €16,169 | ▲ 1,124% |
| Transfer to deferred taxes680 | - | €18,812 | €0 | - | - | - |
| Income taxes67/77 | €150,347 | €146,774 | €192,215 | €188,967 | €209,746 | ▲ 11.0% |
| Profit (loss) for the period9904 | €560,119 | €601,027 | €711,698 | €592,819 | €665,041 | ▲ 12.2% |
| Transfer from tax-exempt reserves789 | - | - | €5,286 | €5,286 | €477,907 | ▲ 8,941% |
| Transfer to tax-exempt reserves689 | - | €154,672 | €162,889 | €57,201 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €446,401 | €446,355 | €554,096 | €540,905 | €1.1m | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €7.8m | €9.0m | €8.3m | €10.8m | ▲ 29.7% |
| Fixed assets21/28 | €289,182 | €1.4m | €1.8m | €1.8m | €2.0m | ▲ 9.7% |
| Intangible fixed assets21 | €9,913 | €5,974 | €10,708 | €5,978 | €2,262 | ▼ 62.2% |
| Tangible fixed assets22/27 | €242,183 | €1.4m | €1.8m | €1.8m | €2.0m | ▲ 9.9% |
| Land and buildings22 | - | €1.2m | €1.1m | €950,386 | €826,271 | ▼ 13.1% |
| Plant, machinery and equipment23 | - | €86,267 | €376,559 | €339,234 | €693,708 | ▲ 104% |
| Furniture and vehicles24 | - | €127,088 | €238,531 | €428,989 | €380,651 | ▼ 11.3% |
| Other tangible fixed assets26 | - | €895 | €75,278 | €73,868 | €69,470 | ▼ 6.0% |
| Financial fixed assets28 | €37,087 | €20 | €20 | €20 | €20 | = |
| Current assets29/58 | €5.8m | €6.4m | €7.2m | €6.5m | €8.8m | ▲ 35.2% |
| Stocks and contracts in progress3 | €373,463 | €2.9m | €3.5m | €3.7m | €5.0m | ▲ 37.2% |
| Stocks30/36 | - | €537,257 | €499,628 | €1.1m | €788,236 | ▼ 26.1% |
| Contracts in progress37 | - | €2.4m | €3.0m | €2.6m | €4.2m | ▲ 63.2% |
| Amounts receivable within one year40/41 | €2.1m | €2.6m | €3.1m | €2.5m | €2.7m | ▲ 8.0% |
| Trade receivables40 | - | €1.6m | €2.1m | €1.7m | €1.4m | ▼ 19.9% |
| Other amounts receivable41 | - | €904,729 | €1.0m | €760,977 | €1.3m | ▲ 71.0% |
| Cash at bank and in hand54/58 | €669,935 | €620,622 | €660,492 | €302,963 | €1.0m | ▲ 239% |
| Deferred charges and accrued income490/1 | - | €312,476 | €48,872 | €73,119 | €84,033 | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €7.8m | €9.0m | €8.3m | €10.8m | ▲ 29.7% |
| Equity10/15 | €1.6m | €2.2m | €2.9m | €3.5m | €4.2m | ▲ 18.8% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €1.6m | €2.2m | €2.9m | €3.5m | €4.1m | ▲ 19.2% |
| Non-distributable reserves130/1 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | - | €343,390 | €500,992 | €552,907 | €75,000 | ▼ 86.4% |
| Distributable reserves133 | - | €1.8m | €2.4m | €2.9m | €4.1m | ▲ 39.3% |
| Provisions and deferred taxes16 | - | €18,812 | €17,491 | €16,169 | €0 | ▼ 100% |
| Deferred taxes168 | - | €18,812 | €17,491 | €16,169 | €0 | ▼ 100% |
| Amounts payable17/49 | €4.4m | €5.6m | €6.1m | €4.8m | €6.6m | ▲ 38.2% |
| Amounts payable after more than one year17 | €37,067 | €737,534 | €538,690 | €338,138 | €135,839 | ▼ 59.8% |
| Financial debts170/4 | - | €737,534 | €538,690 | €338,138 | €135,839 | ▼ 59.8% |
| Other amounts payable178/9 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €4.4m | €4.8m | €5.5m | €4.4m | €6.5m | ▲ 45.7% |
| Current portion of amounts payable after more than one year42 | - | €197,138 | €198,844 | €200,552 | €202,300 | ▲ 0.9% |
| Trade debts44 | €1.0m | €957,540 | €1.2m | €774,896 | €613,402 | ▼ 20.8% |
| Suppliers440/4 | - | €957,540 | €1.2m | €774,896 | €613,402 | ▼ 20.8% |
| Advances received on contracts in progress46 | - | €3.5m | €3.7m | €3.0m | €5.2m | ▲ 76.2% |
| Taxes, remuneration and social security45 | - | €211,363 | €426,833 | €476,597 | €391,159 | ▼ 17.9% |
| Taxes450/3 | - | €6,862 | €75,337 | €63,673 | €2,550 | ▼ 96.0% |
| Remuneration and social security454/9 | - | €204,501 | €351,496 | €412,924 | €388,608 | ▼ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €560,119 | €601,027 | €711,698 | €592,819 | €665,041 | ▲ 12.2% |
| + Depreciation and write-downs630 | €118,058 | €169,462 | €282,839 | €320,018 | €496,943 | ▲ 55.3% |
| Operating cash flow (approximation) | €678,177 | €770,489 | €994,538 | €912,837 | €1.2m | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€644,567 | -€342,896 | -€670,851 | ▼ 95.6% |
| Change in cash | - | -€49,313 | €39,869 | -€357,528 | €725,208 | ▲ 303% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-07
State Gazette act
Reappointments: Eaureca (director) and Arnaud Moor (director)Permanent representative: Van den Broeck Rob6 facts ▸
State Gazette act
Reappointments: Eaureca (director) and Arnaud Moor (director)
Permanent representative: Van den Broeck Rob6 facts ▸
- General meeting, 09-06-2026
- Director reappointment, Eaureca (director)
- Permanent representative, Van den Broeck Rob (vaste vertegenwoordiger in de zin van artikel 2:55 wvv)
- Director reappointment, Arnaud Moor (director)
- Board meeting, 09-06-2026
- Director reappointment, Eaureca (managing director)
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €711,698 ▲18.4%
Operating result €858,815, net result €711,698, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2mEq €2.2m ▲37%
4 profitable years in a row build equity to €2.2m.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
Arnaud Moor
CurrentDirector · since 09-06-2026
EAURECA
CurrentDirector · since 09-06-2026 · Private limited company · perm. rep.: Van den Broeck Rob
Day-to-day management 1
EAURECA
CurrentManaging director · since 09-06-2026 · Private limited company · perm. rep.: Van den Broeck Rob
Permanent representatives 1
Van den Broeck Rob
CurrentPermanent representative · since 09-06-2026 · for EAURECA
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1998
Ground area
5,219 m²
Building footprint
3,544 m²
Parcel 12422D0392/00B002, Flanders. Linked by address, not a title deed.
1 establishment unit
AAQUA NV
since 19982.089.807.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0392/00B002 | Flanders | 5,219 m² | 1 · 3,544 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Arnaud Moor |
|
| EAURECA |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 9,729 EUR awarded · 9,729 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 9,729 EUR |
| 2022 | 1 | 9,729 EUR | 0 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
1 categoryAAQUA NV#10264
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Of 135 companies in sector 36000 we hold annual accounts for 69. 22 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
36000Water collection, treatment and supply
71121Engineering and related technical consultancy, excluding land surveyors
28990Manufacture of machinery and equipment not elsewhere classified
42919Civil engineering
46643Wholesale of electrical equipment, including installation materials
68203Renting and operating of own or leased non-residential real estate, excluding land
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464834391
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.