AQ DEGASSING
ActiveAQ DEGASSING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.12M and a net result of €657k. Equity is growing by ~56.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-13
Solvency70▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.18 in 2024; short-term debt: 19% and cash: 0% of total assets), but 54.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2025Solvency, return and age of the figures
Solvency
45.3%
Return on assets
2.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
2 d early
2021
10 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10.12M▲ 6.9%
2024 · €9.47M
2018: €569k
2019: €1.09M
2020: €1.70M
2021: €2.84M
2022: €5.11M
2023: €6.96M
2024: €9.47M
2018 → 2025
Total assets
€22.34M▲ 19.4%
2024 · €18.72M
2018: €2.14M
2019: €4.13M
2020: €4.86M
2021: €6.46M
2022: €7.94M
2023: €12.66M
2024: €18.72M
2018 → 2025
Net result
€657k▼ 73.8%
2024 · €2.51M
2018: €557k
2019: €513k
2020: €1.21M
2021: €2.04M
2022: €2.27M
2023: €3.19M
2024: €2.51M
2018 → 2025
Working capital
€3.96M▲ 254%
2024 · €1.12M
2018: €-613k
2019: €1.17M
2020: €952k
2021: €1.78M
2022: €3.94M
2023: €4.54M
2024: €1.12M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.84M-€5.11M▲ 80.1%€6.96M▲ 36.2%€9.47M▲ 36.0%€10.12M▲ 6.9%
Operating result€2.09M-€2.68M▲ 28.0%€3.59M▲ 34.0%€3.17M▼ 11.7%€1.13M▼ 64.3%
Net result€2.04M-€2.27M▲ 11.4%€3.19M▲ 40.4%€2.51M▼ 21.4%€657k▼ 73.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.34M
Fixed assets
€14.13M▲ 23.4%
Current assets
€8.21M▲ 13.0%
Equity and liabilities €22.34M
Equity
€10.12M▲ 6.9%
Provisions
€10k
Debt
€12.21M▲ 31.9%
The debt ratio rises from 49.4% to 54.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.65M▼
2024 · €4.35M
Cash flow
€2.17M▼
2024 · €3.69M
Solvency
45.3%▼
2024 · 50.6%
Current ratio
1.93▲
2024 · 1.18
Quick ratio
1.93▲
2024 · 1.18
Debt / equity
1.21▲
2024 · 0.98
ROE
6.5%▼
2024 · 26.5%
ROA
2.9%▼
2024 · 13.4%
Interest coverage
6.24▼
2024 · 14.44
Debt
€12.21M▲
2024 · €9.25M
Debt ≤ 1 year
€4.25M▼
2024 · €6.15M
Debt > 1 year
€7.95M▲
2024 · €3.10M
Income taxes
€64k▼
2024 · €370k
Staff costs
€458k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18.72M€22.34M▲
Fixed assets21/28€11.45M€14.13M▲
Intangible fixed assets21-€25k
Tangible fixed assets22/27€11.45M€14.10M▲
Plant, machinery and equipment23€4.08M€8.00M▲
Furniture and vehicles24€54k€40k▼
Leasing and similar rights25€470k€221k▼
Assets under construction and advance payments27€6.85M€5.84M▼
Current assets29/58€7.27M€8.21M▲
Amounts receivable within one year40/41€7.26M€8.20M▲
Trade receivables40€550k€1.27M▲
Other amounts receivable41€6.71M€6.93M▲
Cash at bank and in hand54/58€1k€1k▲
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€18.72M€22.34M▲
Equity10/15€9.47M€10.12M▲
Reserves13€9.47M€10.12M▲
Non-distributable reserves130/1€1.09M€1.09M=
Financial assistance1313€1.09M€1.09M=
Distributable reserves133€8.38M€9.03M▲
Provisions and deferred taxes16-€10k
Provisions for liabilities and charges160/5-€10k
Major repairs and maintenance162-€10k
Amounts payable17/49€9.25M€12.21M▲
Amounts payable after more than one year17€3.10M€7.95M▲
Financial debts170/4€3.10M€7.95M▲
Amounts payable within one year42/48€6.15M€4.25M▼
Current portion of amounts payable after more than one year42€722k€1.98M▲
Financial debts43€3.19M-
Credit institutions430/8€3.19M-
Trade debts44€966k€1.43M▲
Suppliers440/4€966k€1.43M▲
Taxes, remuneration and social security45€176k€85k▼
Taxes450/3€167k€7k▼
Remuneration and social security454/9€9k€78k▲
Other amounts payable47/48€1.09M€761k▼
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Non-recurring operating income76A€30k-
Remuneration, social security and pensions62€57k€458k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.18M€1.52M▲
Other operating charges640/8€9k€13k▲
Gross operating margin9900€4.42M€3.12M▼
Operating profit (loss)9901€3.17M€1.13M▼
Financial income75/76B€10k€15k▲
Recurring financial income75€10k€15k▲
Financial charges65/66B€301k€424k▲
Recurring financial charges65€301k€424k▲
Profit (loss) for the period before taxes9903€2.88M€721k▼
Income taxes67/77€370k€64k▼
Profit (loss) for the period9904€2.51M€657k▼
Profit (loss) for the period to be appropriated9905€2.51M€657k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.51M€657k▼
Transfer to equity691/2€2.51M€657k▼
To other reserves6921€2.51M€657k▼
Social balance
Average headcount (FTE)90871.55.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €10MEq €10.12M ▲6.9%
8 profitable years in a row build equity to €10.12M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €3.19M ▲40.4%
Operating result €3.59M, net result €3.19M, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €5MEq €5.11M ▲80.1%
5 profitable years in a row build equity to €5.11M.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €2MEq €2.84M ▲67.1%
4 profitable years in a row build equity to €2.84M.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €513k ▼7.7%
Net result drops to €513k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity quadruplescurrent ratio 2.07
Current ratio from 0.48 to 2.07; short-term debt falls from €1.18M to €1.09M.
30-09
Financial
Equity above €1MEq €1.09M ▲91.6%
2 profitable years in a row build equity to €1.09M.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wilmingtonstraat 32030 AntwerpenGround area
8,044 m²
Building footprint
2,911 m²
Volume, LiDAR
12,675 m³
Parcel 11816C0188/00P004, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AQ DEGASSING
since 20172.266.886.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11816C0188/00P004 | Flanders | 8,044 m² | 1 · 2,911 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 616 EUR awarded · 616 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 616 EUR | 616 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400CPGY54V4Y0GV51
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Of 4,566 companies in sector 74999 we hold annual accounts for 1,940. 159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2017
Fiscal year end30-09
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
81230Other cleaning activities
35220Electricity, gas, steam and air conditioning supply
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:wade.adkins@origin-international.us