AQRIO
ActiveSummary
The computed 12-month bankruptcy probability of AQRIO is 1.6% (moderate). The 2025 annual accounts show equity of €149k and a net result of €77k. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 982 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+14
Solvency96▲+32
Growth78=
Track record86
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.4 against 1.64 in 2024; short-term debt: 29.3% and cash: 5.9% of total assets), and 29.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← 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
70.7%
Return on assets
36.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
21 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
25 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▲ 106%
2024 · €73k
2021: €19k
2022: €46k
2023: €47k
2024: €73k
2021 → 2025
Total assets
€211k▲ 14.4%
2024 · €185k
2021: €64k
2022: €67k
2023: €161k
2024: €185k
2021 → 2025
Net result
€77k▲ 194%
2024 · €26k
2021: €2k
2022: €27k
2023: €877
2024: €26k
2021 → 2025
Working capital
€149k▲ 108%
2024 · €72k
2021: €19k
2022: €46k
2023: €47k
2024: €72k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€46k▲ 142%€47k▲ 1.9%€73k▲ 56.0%€149k▲ 106%
Operating result€2k-€35k▲ 1,352%€2k▼ 93.9%€38k▲ 1,668%€113k▲ 198%
Net result€2k-€27k▲ 1,307%€877▼ 96.7%€26k▲ 2,875%€77k▲ 194%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 198% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€488 ▼ 50.0%
Current assets
€211k ▲ 14.8%
Equity and liabilities €211k
Equity
€149k ▲ 106%
Debt
€62k ▼ 44.6%
Debt's share of the balance-sheet total falls from 60.7% to 29.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▲
2024 · €38k
Cash flow
€77k▲
2024 · €27k
Current ratio
3.40▲
2024 · 1.64
Debt to equity
0.42▼
2024 · 1.54
ROE
51.3%▲
2024 · 35.9%
ROA
36.3%▲
2024 · 14.1%
Interest coverage
9.90▼
2024 · 37.26
Debt ≤ 1 year
€62k▼
2024 · €112k
Income taxes
€25k▲
2024 · €11k
Staff costs
€4k▲
2024 · €4
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€185k€211k▲
Formation expenses20€0€0=
Fixed assets21/28€976€488▼
Tangible fixed assets22/27€976€488▼
Plant, machinery and equipment23€976€488▼
Furniture and vehicles24€0€0=
Current assets29/58€184k€211k▲
Amounts receivable within one year40/41€184k€198k▲
Trade receivables40€180k€170k▼
Other amounts receivable41€3k€28k▲
Cash at bank and in hand54/58€28€13k▲
Equity and liabilities
Total equity and liabilities10/49€185k€211k▲
Equity10/15€73k€149k▲
Contributions10/11€17k€17k=
Reserves13€25k€50k▲
Distributable reserves133€25k€50k▲
Profit (loss) carried forward14€31k€82k▲
Amounts payable17/49€112k€62k▼
Amounts payable within one year42/48€112k€62k▼
Trade debts44€91k€26k▼
Suppliers440/4€91k€26k▼
Taxes, remuneration and social security45€11k€36k▲
Taxes450/3€11k€36k▲
Other amounts payable47/48€10k€500▼
Income statement
Code20242025
Remuneration, social security and pensions62€4€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€488€488=
Other operating charges640/8€680€3k▲
Gross operating margin9900€39k€121k▲
Operating profit (loss)9901€38k€113k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€11k▲
Recurring financial charges65€1k€11k▲
Profit (loss) for the period before taxes9903€37k€102k▲
Income taxes67/77€11k€25k▲
Profit (loss) for the period9904€26k€77k▲
Profit (loss) for the period to be appropriated9905€26k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€107k▲
Profit (loss) brought forward from the previous period14P€30k€31k▲
Transfer to equity691/2€25k€25k=
To other reserves6921€25k€25k=
The notes to these accounts (6 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Highest result since 2021net €77k ▲194%
Operating result €113k, net result €77k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.64 to 3.40; short-term debt falls from €112k to €62k.
31-12
Financial
Equity above €100kEq €149k ▲106%
5 profitable years in a row build equity to €149k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
03-09
KBO administration
UBO non-compliance
event 19-08-2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €877 ▼96.7%
Net result drops to €877, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.14
Current ratio from 1.42 to 3.14; short-term debt falls from €45k to €21k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zele · 1 establishment unit since 2020
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.
Drieputtenstraat 959240 ZeleGround area
424 m²
Building footprint
259 m²
Volume, LiDAR
1,596 m³
Parcel 42403E0726/00W005, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AQRIO
since 20202.308.789.347
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403E0726/00W005 | Flanders | 424 m² | 1 · 259 m² | 12.0 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesAQRIO BV44276
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YAGOUBIS
BE 0761.994.881
Antwerpen · Eq €148k
I.V. ACTIV
BE 0755.570.117
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AZIM
BE 0884.993.257
Brussel · Eq €147k
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 701 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
42211Civil engineering
42212Civil engineering
42219Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.