Equity
€870,859 ▲ 2.1%
AQC has made a profit without a break since 2017.
AQC
Lifetime
18 annual accounts with figures on one time axispeak €3.1m (2024)
€2.4m▼ 23.1%
lowest -€9,512 (2016)
€17,977▼ 88.8%
peak €870,859 (2025)
€870,859▲ 2.1%
€2.8m▼ 40.2%
peak 43.2 FTE (2022)
28.6 FTE▼ 27.8%
Board6 names since 2017
2 directorsGOCEN & BENLI and 1 other
Documentsfilings and deeds
23-07-20268 days before the deadline
2025abbreviated format
Gross margin from €3.1m to €2.4mResult from €160,465 to €17,977Staff from 39.6 FTE to 28.6 FTEDebts from €4.6m to €2.8mCash from €303,049 to €97,172
Key points
from the 2025 annual accountsResult
€17,977 ▼ 88.8%
The result fell in 2025: the 2024 profit included a one-off income of €80,431.
Turnover
≈ €6.8m estimated
The accounts state no turnover.
Debts
€2.8m 76% of the balance sheet
Financial debts 25%Suppliers 29%Taxes and wages 2%Other 44%
€950,883 of the debts are secured on the company's own assets. In 2023 that was €1.1m.
Staff
28.6 FTE from 43.2 in 2022
Between 2022 and 2025, 34% of the full-time equivalents disappeared.
Position in the sector
€870,859
More equity than 83% of companies in specialised construction. Sector median €250,150 · 9,975 companies.
Checked score
68
Healthy
Financially stronger than 28% of small companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.8%▼ -0.8 percentage points vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.15, cash €97,172, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Figures for financial year 2025 (filed on 01-08-2026)
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 27% of them on solvency, 7% on liquidity, 40% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as AQC has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AQC itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for AQC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.04 in 2024), below the usual 1.5. Short-term debt is 71.3% and cash 2.7% of total assets. 76.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9973 sector peers (2025).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
26 days early
2023
20 days early
2022
39 days early
2021
18 days late
2020
2 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Kara Camel (director)
Gazette deed
Company renamed from AQUASITA to AQC
Registered office moved from Ath to Tamines · New registered office: Pré des Haz 38, 5060 Tamines · Previous registered office: Chemin de la Viila romaine 4, 7822 Ath · General meeting of 20-05-2022 · Gazette deed
First establishment
Pré des Haz 38, Sambreville
Registered office moved from Ternat to Ath
New registered office: Chemin de la villa romaine 4, 7822 Ath · Previous registered office: Essenestraat 20, 1740 Ternat, België · Board meeting of 07-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AQC Sambreville | €3.6m | €2.4m | 23.9% | 28.6 |
| MZN Grondwerken Lokeren | €3.6m | €2.5m | 27.1% | 30.7 |
| GSA INFRA Sint-Niklaas | €3.7m | €2.1m | 39.8% | 26 |
| PIERRE THEWISSEN Ciney | €3.4m | €2.2m | 25.9% | 22.2 |
| EUROBORINGEN Lokeren | €4.7m | €3.5m | 46.7% | 33.1 |
| Conduterra Antwerp | €4.2m | €3.2m | 49.9% | 37.4 |
| CONSTRUCTION LOCATION SERVICE Oreye | €4.1m | €3.5m | 11.0% | 37.4 |
These companies have the same main activity as AQC: site preparation (NACE 43120). They are comparable in size and age: total assets between €3.4m and €4.7m, founded between 2004 and 2012.
Official details
Source: KBO- Status
- Active since 24-04-2008Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.346.357.0515060 Sambreville, since 01-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €3.6m▼ 33.7%
- Employeeson 31-12-2025
- 25▼ 24.2%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on AQC
AQC files the abbreviated format. That format states no turnover. The gross margin rose from €66,040 in 2011 to €2.4m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AQC
- What is the company number of AQC?
- The company number of AQC is 0897.513.779. The VAT number is the same number with BE in front: BE 0897.513.779.
- Where is AQC based?
- The registered office is at Pré des Haz 38, 5060 Sambreville.Company details
- What does AQC do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of AQC?
- AQC is a private limited company (BV).
- When was AQC founded?
- AQC was founded on 24-04-2008.
- Is AQC still active?
- Yes, AQC is an active enterprise in the KBO register.
- How many employees does AQC have?
- AQC had an average of 28.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AQC fall under?
- In its 2025 annual accounts, AQC states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of AQC?
- The turnover in financial year 2025 is ≈ €6.8m. This figure is estimated from the gross margin of €2.4m and 67 comparable companies (NACE 43). It probably lies between €5.2m and €9.1m.
- Is AQC profitable?
- In financial year 2025, AQC made a profit of €17,977.
- Where can I find the annual accounts of AQC?
- AQC filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AQC due?
- AQC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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