Summary
Aqcelerator is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.1m and a net result of €63,356. Its solvency ranks better than 95% of 6,694 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-02-2024 Normal situation
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.359.302.195 2630 Aartselaar, since 09-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 20-04-2026
Board and ownership
Board
- VAN OLMEN Glenn NicoDirector · since 08-02-2024
- Inès Mertens de WilmarsDirector · since 24-01-2025
- Jochen BultinckDirector · since 24-01-2025
Shareholders
- AQUAFIN100%· score 852025 annual accounts of AQUAFIN
- Holdings
- Shares in 1 company MOVEX
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €63,356
- Equity
- €4.1m
- ▲ 1.6%
- Total assets
- €4.1m
- ▼ 2.4%
Signalsraises riskYoung companyneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
raises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 04-05-2026, 88 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
88 days early
2024
105 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 97 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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.
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 04-05-2026 PDF all 2 filings
Equity
€4.1m▲ 1.6%
2024 · €4.0m
Net result
€63,356
2024 · -€8,003
Total assets
€4.1m▼ 2.4%
2024 · €4.2m
Solvency
99.4%▲ 3.9pp
2024 · 95.6%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
-€19,762
▼ 149%
2025
20242025
Net result
€63,356
2025
middle half of the sector
20242025
Equity
€4.1m
▲ 1.6%
2025
highest quarter of the sector
20242025
Total assets
€4.1m
▼ 2.4%
2025
highest quarter of the sector
20242025
Debt
€24,159
▼ 87.0%
2025
20242025
Working capital
€3.7m
▼ 2.0%
2025
highest quarter of the sector
20242025
Solvency
99.4%
▲ 3.9pp
2025
highest quarter of the sector
20242025
Current ratio
no figure
2025
20242025
Return on assets (ROA)
1.6%
▲ 1.7pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.008m--€0.02m▼ 149%
Net result-€0.008mbelow the sector's middle half-€0.06mwithin the sector's middle half
Equity€4.0mabove the sector's middle half-€4.1mabove the sector's middle half▲ 1.6%
Total assets€4.2mwithin the sector's middle half-€4.1mabove the sector's middle half▼ 2.4%
Debt€0.2m-€0.02m▼ 87.0%
Working capital€3.8mabove the sector's middle half-€3.7mabove the sector's middle half▼ 2.0%
Solvency95.6%above the sector's middle half-99.4%above the sector's middle half▲ 3.9pp
Current ratio21.53above the sector's middle half-
Return on assets (ROA)-0.2%below the sector's middle half-1.6%within the sector's middle half▲ 1.7pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 a loss of €19,762, larger than the loss of €7,949 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€317,750 ▲ 78.8%
Current assets
€3.8m ▼ 6.0%
Equity and liabilities €4.1m
Equity
€4.1m ▲ 1.6%
Debt
€24,159 ▼ 87.0%
Debt's share of the balance-sheet total falls from 4.4% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.6%▲
2024 · -0.2%
Debt ≤ 1 year
€24,159▼
2024 · €185,779
Income taxes
€15,915
A ratio outside any meaningful range has been withheld (balance sheet total €4.1m, equity €4.1m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €177,750 | €140,000 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €7,949 | - | - |
| Other operating charges640/8 | - | €170 | - |
| Gross operating margin9900 | -€7,949 | -€19,592 | ▼ 146% |
| Operating profit (loss)9901 | -€7,949 | -€19,762 | ▼ 149% |
| Financial income75/76B | - | €99,639 | - |
| Recurring financial income75 | - | €99,639 | - |
| Financial charges65/66B | €54 | €607 | ▲ 11× |
| Recurring financial charges65 | €54 | €607 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | -€8,003 | €79,271 | - |
| Income taxes67/77 | - | €15,915 | - |
| Profit (loss) for the period9904 | -€8,003 | €63,356 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,003 | €63,356 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.2m | €4.1m | ▼ 2.4% |
| Formation expenses20 | €106 | €106 | = |
| Fixed assets21/28 | €0.2m | €0.3m | ▲ 78.8% |
| Financial fixed assets28 | €0.2m | €0.3m | ▲ 78.8% |
| Current assets29/58 | €4.0m | €3.8m | ▼ 6.0% |
| Amounts receivable within one year40/41 | €4.0m | €3.8m | ▼ 6.0% |
| Other amounts receivable41 | €4.0m | €3.8m | ▼ 6.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.2m | €4.1m | ▼ 2.4% |
| Equity10/15 | €4.0m | €4.1m | ▲ 1.6% |
| Contributions10/11 | €4.0m | €4.0m | = |
| Capital10 | €4.0m | - | - |
| Issued capital100 | €4.0m | - | - |
| Reserves13 | - | €0.003m | - |
| Non-distributable reserves130/1 | - | €0.003m | - |
| Reserves not available under the articles1311 | - | €0.003m | - |
| Profit (loss) carried forward14 | -€0.008m | €0.05m | - |
| Amounts payable17/49 | €0.2m | €0.02m | ▼ 87.0% |
| Amounts payable within one year42/48 | €0.2m | €0.02m | ▼ 87.0% |
| Trade debts44 | €0.004m | €0.004m | ▲ 5.3% |
| Suppliers440/4 | €0.004m | €0.004m | ▲ 5.3% |
| Taxes, remuneration and social security45 | - | €0.02m | - |
| Taxes450/3 | - | €0.02m | - |
| Other amounts payable47/48 | €0.2m | €0.004m | ▼ 97.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,003 | €63,356 | - |
| Operating cash flow (approximation) | -€8,003 | €63,356 | - |
| Investment in fixed assets (approximation) | - | -€140,000 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
5 directors, no change since 2026
Board 5
VAN OLMEN Glenn Nico
Current
Director (not named in the articles) · since 08-02-2024
Current
Current
Maarten Raemdonck
Current
Director · since 24-01-2025 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 04-05-2026
QLOU
Current
Director (not named in the articles) · since 24-01-2025 · earlier director, until 28-02-2025 · Private limited company · permanent representative: Maarten Raemdonck · listed in the 2025 annual accounts, filed on 04-05-2026
Permanent representatives 1
Maarten Raemdonck
Current
Permanent representative · appointed in the act of 13-02-2024 · also on the board of 1 other company · for QLOU
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Current
Statutory auditor · current term since 15-04-2025 · 3-year term from 2025 · permanent representative: Pieter De Smet · listed in the 2025 annual accounts, filed on 04-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 12. Externe vertegenwoordiging De vennootschap wordt rechtsgeldig vertegenwoordigd jegens derden en in rechte als eiser of als…”
deed of 13-02-2024Owners and capital
Shareholders
1 ownerChain of control
- Participatiemaatschappij Vlaanderen
- AQUAFIN
- Aqcelerator
Owners 1
- AQUAFINparentSourceaccounts AQUAFIN 2025Equity €1.11bn Profit of €7.3m in 2025 (profit of €4.4m in 2024) Checked score 85100%
Capital transactions
Shareholders according to the deeds
At incorporation
act of 13-02-2024 ↗
- AQUAFIN (BE 0440.691.388) sole founder · 100% at incorporation
Capital over time
- 13-02-2024 Incorporation · €4,000,000
Mandate history
10 people, 6 in office
- Board
- Statutory auditor
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| QLOU |
|
| VAN OLMEN Glenn Nico |
|
| Inès Mertens de Wilmars |
|
| Jochen Bultinck |
|
| Maarten Raemdonck |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| Glenn Van Olmen |
|
| Annelies Keirsmaekers |
|
| Marjoleine Weemaes |
|
| WEEMAES Marjoleine Petrus Johanna |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointlydeed of 13-02-2024 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Niet-statutaire bestuurders, 1”deed of 13-02-2024 (in Dutch)
- Power of attorneyA power of attorney lets someone perform specific acts on the company's behalf.
- “Maarten Raemdonck”deed of 03-03-2026 (in Dutch)
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Hernieuwbare termijn van drie jaar, commissarissen”
deed of 13-02-2024 (in Dutch)
Network & group
Part of the group
Participatiemaatschappij Vlaanderen
20 companies
Group, risk and exposure
Holdings and subsidiaries
1 holdingHoldings 1
-
39.68%
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
AQUAPLUS
via Maarten Raemdonck · Director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
04-05
abbreviated format · 88 days before the deadline
03-03
Gazette deed
Resignation: Glenn Van Olmen (director)5 points ▸
Gazette deed
Resignation: Glenn Van Olmen (director)
5 points ▸
- Board meeting, 12-12-2025
- Director resignation, Glenn Van Olmen (director)
- Board composition, Jochen Bultinck (director)
- Board composition, Inès Mertens de Wilmars (director)
- Board composition, Maarten Raemdonck (director)
2025
31-12
Financial
Back to profitnet €63,356
The net result is €63,356, after one loss-making year.
31-12
Financial
Liquidity more than 7 timescurrent ratio 155.70
The current ratio rises from 21.53 to 155.70. Short-term debt falls from €185,779 to €24,159.
09-05
Gazette deed
Resignation: BDO Bedrijfsrevisoren (statutory auditor)Appointment: BDO Bedrijfsrevisoren (statutory auditor)3 points ▸
Gazette deed
Resignation: BDO Bedrijfsrevisoren (statutory auditor)
Appointment: BDO Bedrijfsrevisoren (statutory auditor)3 points ▸
- General meeting, 15-04-2025
- Auditor resignation, BDO Bedrijfsrevisoren (statutory auditor)
- Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)
17-04
abbreviated format · 105 days before the deadline
28-02
Gazette deed
3 directors appointed, 3 directors resigningResignations: Marjoleine Weemaes, Annelies Keirsmaekers and QLOU BV · Appointments: Jochen Bultinck, Maarten Raemdonck and Inès Mertens de Wilmars · Director discharge14 points ▸
Gazette deed
3 directors appointed, 3 directors resigning
Resignations: Marjoleine Weemaes, Annelies Keirsmaekers and QLOU BV · Appointments: Jochen Bultinck, Maarten Raemdonck and Inès Mertens de Wilmars · Director discharge14 points ▸
- General meeting, 24-01-2025
- Director resignation, Marjoleine Weemaes (director)
- Director resignation, Annelies Keirsmaekers (director)
- Director resignation, QLOU BV (director)
- Director discharge, Marjoleine Weemaes (director)
- Director discharge, Annelies Keirsmaekers (director)
- Director discharge, QLOU BV (director)
- Director appointment, Jochen Bultinck (director)
- Director appointment, Maarten Raemdonck (director)
- Director appointment, Inès Mertens de Wilmars (director)
- Board composition, Jochen Bultinck (director)
- Board composition, Inès Mertens de Wilmars (director)
- The act holds 2 more points.
2024
13-02
Gazette deed
IncorporationStarting capital €4,000,000 · Appointments: BDO Bedrijfsrevisoren, WEEMAES Marjoleine Petrus Johanna and 3 others · Permanent representative: RAEMDONCK Maarten Ivo Irène · Founder16 points ▸
Gazette deed
Incorporation
Starting capital €4,000,000 · Appointments: BDO Bedrijfsrevisoren, WEEMAES Marjoleine Petrus Johanna and 3 others · Permanent representative: RAEMDONCK Maarten Ivo Irène · Founder16 points ▸
- Incorporation, 08-02-2024
- Founder, AQUAFIN
- Other provision, “address, 2630 Aartselaar, Dijkstraat 8” (deed in Dutch)
- Share issue, “op naam”, 100 (deed in Dutch)
- Capital contribution
- Other provision, formation costs, 4000
- Other provision, “de dag van de verkrijging van haar rechtspersoonlijkheid bij de neerlegging van het uittreksel van deze oprichtingsakte bij de griffie van de bevoegde ondernemi…” (deed in Dutch)
- Auditor appointment, BDO Bedrijfsrevisoren (commissaris voor de financiële controle)
- Board composition, Aqcelerator (niet statutaire bestuurders)
- Director appointment, WEEMAES Marjoleine Petrus Johanna (director (not named in the articles))
- Director appointment, VAN OLMEN Glenn Nico (director (not named in the articles))
- Director appointment, KEIRSMAEKERS Annelies (director (not named in the articles))
- The act holds 4 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Aqcelerator in Dutch
Enterprise number
1005.852.980
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-02-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-02-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 13-02-2024 (in Dutch)Registered office and establishments
Registered office
Dijkstraat 8, 2630 Aartselaar, Belgium
Establishment unit
Aqcelerator, Dijkstraat 8, 2630 Aartselaar since 09-02-2024 · unit number 2.359.302.195
Activities
NACEBEL 202564210
Activities of holding companies main activity
70200
Business and other management consultancy
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-02-2024 (in Dutch)
“Het verwerven, rechtstreeks of onrechtstreeks, bij wijze van inschrijving, aankoop, ruil, inbreng, fusie, samenwerking, financiële…”
4 activities
- Het verwerven, rechtstreeks of onrechtstreeks, bij wijze van inschrijving, aankoop, ruil, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins, van een belang, een participatie, een deelneming of een investering in alle bestaande of nog op te richten vennootschappen, ondernemingen, bedrijvigheden, verenigingen of andere personen
- Het beheren, het valoriseren en het te gelde maken, in de meest ruime betekenis, van de hiervoor bedoelde belangen, participaties, deelnemingen en investeringen
- De deelname, rechtstreeks of onrechtstreeks, aan het management, het bestuur, de bestuursorganen, de bedrijfsvoering, de controle en de vereffening van vennootschappen, ondernemingen, bedrijvigheden, verenigingen en personen waarin zij een belang, participatie, deelneming of investering heeft
- Het verlenen van advies en bijstand, op alle mogelijke vlakken, met betrekking tot de bedrijfsactiviteiten, het management, het bestuur en de bestuursorganen van vennootschappen, ondernemingen, bedrijvigheden, verenigingen en personen waarin zij een belang, participatie, deelneming of investering heeft, en in het algemeen het stellen van alle handelingen die geheel of gedeeltelijk, rechtstreeks of onrechtstreeks, inherent zijn aan de activiteiten van een beleggingsfonds of een holding, in de meest ruime betekenis
Invoicing and payment
VAT number
BE 1005.852.980
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of April at 10:00
deed of 13-02-2024 (in Dutch)Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering, evenwel zonder te kunnen deelnemen aan…”
deed of 13-02-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
5,188 m²
Building footprint
2,593 m²
Building volume
19,807 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11001C0024/02L000 | Flanders | 5,188 m² | 1 · 2,593 m² | 12.8 m · 4 |