AKWA CONSTRUCT
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 14 days after the deadline Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399027.
Annual accounts 2025 filed on 14-08-2026 at the NBB all 20 filings
Turnover
≈ €99,000
Estimated: probably between €44,000 and €250,000
Total assets
€1.4m▼ 1.1%
2024 · €1.4m
Net result
€50,899▼ 75.1%
2024 · €204,678
Working capital
-€123,977▼ 17.6%
2024 · -€105,459
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€23,493
▼ 0.1%
2025
20192025
Net result
€50,899
▼ 75.1%
2025
middle half of the sector
20192025
Equity
€516,899
▲ 10.9%
2025
middle half of the sector
20192025
Total assets
€1.4m
▼ 1.1%
2025
middle half of the sector
20192025
Debt
€872,639
▼ 7.1%
2025
20192025
Working capital
-€123,977
▼ 17.6%
2025
lowest quarter of the sector
20192025
Solvency
37.2%
▲ 4.0pp
2025
middle half of the sector
20192025
Current ratio
0.02
▼ 0.13
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
3.7%
▼ 10.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.001m--€0.001m▼ 51.9%-€0.02m▼ 1,150%€0.03m€0.03m▼ 0.8%€0.02m▼ 14.1%€0.02m▼ 0.1%
Net result-€0.001m--€0.001mbelow the sector's middle half▼ 47.3%-€0.02mbelow the sector's middle half▼ 1,042%€0.01mwithin the sector's middle half€0.05mwithin the sector's middle half▲ 403%€0.2mabove the sector's middle half▲ 294%€0.05mwithin the sector's middle half▼ 75.1%
Equity€0.01m-€0.009mbelow the sector's middle half▼ 13.6%-€0.007mbelow the sector's middle half€0.2mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 24.8%€0.5mwithin the sector's middle half▲ 78.3%€0.5mwithin the sector's middle half▲ 10.9%
Total assets€0.01m-€0.01mbelow the sector's middle half▲ 3.2%€427below the sector's middle half▼ 97.1%€1.4mwithin the sector's middle half▲ 3,328×€1.4mwithin the sector's middle half▼ 1.0%€1.4mwithin the sector's middle half▼ 0.1%€1.4mwithin the sector's middle half▼ 1.1%
Debt€0.004m-€0.006m▲ 50.1%€0.008m▲ 36.1%€1.2m▲ 159×€1.1m▼ 5.5%€0.9m▼ 18.0%€0.9m▼ 7.1%
Working capital€0.01m-€0.009mwithin the sector's middle half▼ 13.6%-€0.007mwithin the sector's middle half-€0.09mbelow the sector's middle half▼ 1,177%-€0.2mbelow the sector's middle half▼ 171%-€0.1mbelow the sector's middle half▲ 57.6%-€0.1mbelow the sector's middle half▼ 17.6%
Solvency73.7%-61.7%within the sector's middle half▼ 12.0pp14.7%below the sector's middle half18.6%below the sector's middle half▲ 3.8pp33.2%within the sector's middle half▲ 14.6pp37.2%within the sector's middle half▲ 4.0pp
Current ratio3.80-2.61within the sector's middle half▼ 1.190.23below the sector's middle half0.05below the sector's middle half▼ 0.180.15below the sector's middle half▲ 0.100.02below the sector's middle half▼ 0.13
Return on assets (ROA)-6.8%--9.7%below the sector's middle half▼ 2.9pp0.7%within the sector's middle half3.7%within the sector's middle half▲ 3.0pp14.6%within the sector's middle half▲ 10.9pp3.7%within the sector's middle half▼ 10.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 0% lower than in 2024. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m =
Current assets
€2,968 ▼ 84.0%
Equity and liabilities €1.4m
Equity
€516,899 ▲ 10.9%
Debt
€872,639 ▼ 7.1%
Debt's share of the balance-sheet total falls from 66.8% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.69▼
2024 · 2.02
ROE
9.8%▼
2024 · 43.9%
Debt ≤ 1 year
€126,945▲
2024 · €124,056
Debt > 1 year
€745,693▼
2024 · €815,111
Income taxes
€1,786
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | €1.4m | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0 | €384 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€837 | -€1,222 | -€2,359 | €27,621 | €27,778 | €24,491 | €24,491 | = |
| Operating profit (loss)9901 | -€844 | -€1,282 | -€16,024 | €27,621 | €27,393 | €23,524 | €23,493 | ▼ 0.1% |
| Financial income75/76B | - | - | - | - | €40,000 | €195,838 | €42,297 | ▼ 78.4% |
| Recurring financial income75 | - | - | - | - | €40,000 | €195,838 | €42,297 | ▼ 78.4% |
| Financial charges65/66B | - | - | - | €17,290 | €15,420 | €14,685 | €13,104 | ▼ 10.8% |
| Recurring financial charges65 | €119 | €136 | €173 | €17,290 | €15,420 | €14,685 | €13,104 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | -€963 | -€1,418 | -€16,196 | €10,331 | €51,973 | €204,678 | €52,686 | ▼ 74.3% |
| Income taxes67/77 | - | - | - | - | - | - | €1,786 | - |
| Profit (loss) for the period9904 | -€963 | -€1,418 | -€16,196 | €10,331 | €51,973 | €204,678 | €50,899 | ▼ 75.1% |
| Profit (loss) for the period to be appropriated9905 | -€963 | -€1,418 | -€16,196 | €10,331 | €51,973 | €204,678 | €50,899 | ▼ 75.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.01m | €0.01m | €427 | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 1.1% |
| Fixed assets21/28 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Financial fixed assets28 | - | - | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €0.01m | €0.01m | €427 | €0.03m | €0.01m | €0.02m | €0.003m | ▼ 84.0% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €32 | €0.02m | €384 | €0.02m | €0.002m | ▼ 91.5% |
| Trade receivables40 | - | - | - | - | €384 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0 | €0.02m | €0.002m | ▼ 91.5% |
| Cash at bank and in hand54/58 | €1 | €460 | €395 | €0.003m | €0.01m | €0.001m | €0.001m | ▲ 92.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.01m | €0.01m | €427 | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 1.1% |
| Equity10/15 | €0.01m | €0.009m | -€0.007m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 10.9% |
| Contributions10/11 | €0.006m | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.3m | €0.3m | ▲ 20.1% |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.3m | €0.3m | ▲ 20.1% |
| Profit (loss) carried forward14 | -€0.006m | -€0.008m | -€0.02m | -€0.01m | €0.04m | €0 | - | - |
| Amounts payable17/49 | €0.004m | €0.006m | €0.008m | €1.2m | €1.1m | €0.9m | €0.9m | ▼ 7.1% |
| Amounts payable after more than one year17 | - | - | - | €1.1m | €0.9m | €0.8m | €0.7m | ▼ 8.5% |
| Financial debts170/4 | - | - | - | €1.1m | €0.9m | €0.8m | €0.7m | ▼ 8.5% |
| Amounts payable within one year42/48 | €0.004m | €0.006m | €0.008m | €0.1m | €0.3m | €0.1m | €0.1m | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.2m | €0.07m | €0.07m | ▲ 1.3% |
| Trade debts44 | €300 | €166 | €0.001m | €0 | - | - | - | - |
| Suppliers440/4 | - | - | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.05m | €0.06m | €0.06m | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€963 | -€1,418 | -€16,196 | €10,331 | €51,973 | €204,678 | €50,899 | ▼ 75.1% |
| Operating cash flow (approximation) | -€963 | -€1,418 | -€16,196 | €10,331 | €51,973 | €204,678 | €50,899 | ▼ 75.1% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €7,266 | €0 | ▼ 100% |
| Change in cash | - | €459 | -€65 | €2,208 | €10,028 | -€11,873 | €699 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-08-2026 | 2026-00399027 | |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00414503 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00316608 | |
| 31-12-2022 | abbreviated format | 17-05-2023 | 2023-00090418 | |
| 31-03-2021 | abbreviated format | 15-11-2021 | 2021-77300390 | |
| 31-03-2020 | abbreviated format | 18-09-2020 | 2020-54400541 | |
| 31-03-2019 | abbreviated format | 10-09-2019 | 2019-63900207 | |
| 31-03-2018 | abbreviated format | 12-09-2018 | 2018-63100093 | |
| 31-03-2017 | abbreviated format | 21-09-2017 | 2017-62300317 | |
| 31-03-2016 | abbreviated format | 27-09-2016 | 2016-61800345 |