AQUA CONCEPT
ActiveSummary
AQUA CONCEPT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,336 and a net result of €16,642. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-11
Solvency93▼-4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.65 against 3.79 in 2023; short-term debt: 20.7% and cash: 4.9% of total assets), and 31.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
48 d early
2022
32 d early
2021
2 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€130,336▲ 14.6%
2023 · €113,694
Total assets
€191,387▲ 21.6%
2023 · €157,357
Net result
€16,642▼ 40.3%
2023 · €27,867
Working capital
€105,378▲ 20.8%
2023 · €87,223
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,674▼ 25.3%€19,704▼ 26.1%€11,545▼ 41.4%€41,765▲ 262%€22,633▼ 45.8%
Net result€18,836within the sector's middle half▼ 22.9%€11,768within the sector's middle half▼ 37.5%€1,757below the sector's middle half▼ 85.1%€27,867within the sector's middle half▲ 1,486%€16,642within the sector's middle half▼ 40.3%
Equity€169,641within the sector's middle half▲ 12.5%€130,210within the sector's middle half▼ 23.2%€118,967within the sector's middle half▼ 8.6%€113,694below the sector's middle half▼ 4.4%€130,336within the sector's middle half▲ 14.6%
Total assets€217,156below the sector's middle half▲ 5.9%€152,636below the sector's middle half▼ 29.7%€176,054below the sector's middle half▲ 15.3%€157,357below the sector's middle half▼ 10.6%€191,387below the sector's middle half▲ 21.6%
Debt€47,515▼ 12.5%€22,427▼ 52.8%€57,087▲ 155%€43,663▼ 23.5%€61,051▲ 39.8%
Working capital€161,437within the sector's middle half▲ 15.7%€129,218within the sector's middle half▼ 20.0%€114,510within the sector's middle half▼ 11.4%€87,223within the sector's middle half▼ 23.8%€105,378within the sector's middle half▲ 20.8%
Solvency78.1%above the sector's middle half▲ 4.6pp85.3%above the sector's middle half▲ 7.2pp67.6%above the sector's middle half▼ 17.7pp72.3%above the sector's middle half▲ 4.7pp68.1%above the sector's middle half▼ 4.2pp
Current ratio4.62above the sector's middle half▲ 0.146.76above the sector's middle half▲ 2.143.85above the sector's middle half▼ 2.913.79above the sector's middle half▼ 0.063.65above the sector's middle half▼ 0.13
Return on assets (ROA)8.7%within the sector's middle half▼ 3.2pp7.7%within the sector's middle half▼ 1.0pp1.0%below the sector's middle half▼ 6.7pp17.7%above the sector's middle half▲ 16.7pp8.7%within the sector's middle half▼ 9.0pp
Staff (FTE)2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=1.7below the sector's middle half▼ 15.0%1below the sector's middle half▼ 41.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €191,387
Fixed assets
€46,311 ▲ 19.3%
Current assets
€145,076 ▲ 22.4%
Equity and liabilities €191,387
Equity
€130,336 ▲ 14.6%
Debt
€61,051 ▲ 39.8%
Debt's share of the balance-sheet total rises from 27.7% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,723▼
2023 · €53,588
Cash flow
€24,732▼
2023 · €39,690
Quick ratio
3.50▼
2023 · 3.71
Debt to equity
0.47▲
2023 · 0.38
ROE
12.8%▼
2023 · 24.5%
Interest coverage
9.58▼
2023 · 23.84
Debt ≤ 1 year
€39,698▲
2023 · €31,300
Debt > 1 year
€21,353▲
2023 · €12,363
Income taxes
€8,104▼
2023 · €11,651
Staff costs
€50,394▼
2023 · €85,551
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,293 | €14,500 | ▼ 42.7% |
| Remuneration, social security and pensions62 | - | €89,867 | €97,767 | €85,551 | €50,394 | ▼ 41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,410 | €10,920 | €3,730 | €11,823 | €8,090 | ▼ 31.6% |
| Other operating charges640/8 | - | €1,129 | €974 | €778 | €2,986 | ▲ 284% |
| Non-recurring operating charges66A | - | - | - | - | €19,749 | - |
| Gross operating margin9900 | €118,191 | €121,619 | €114,015 | €139,917 | €103,852 | ▼ 25.8% |
| Operating profit (loss)9901 | €26,674 | €19,704 | €11,545 | €41,765 | €22,633 | ▼ 45.8% |
| Financial income75/76B | - | €1 | €0 | €0 | €5,319 | ▲ 5,318,970% |
| Recurring financial income75 | €2 | €1 | €0 | €0 | €5,319 | ▲ 5,318,970% |
| Financial charges65/66B | - | €1,066 | €1,689 | €2,248 | €3,207 | ▲ 42.7% |
| Recurring financial charges65 | €1,165 | €1,066 | €1,689 | €2,248 | €3,207 | ▲ 42.7% |
| Profit (loss) for the period before taxes9903 | €25,511 | €18,639 | €9,856 | €39,517 | €24,746 | ▼ 37.4% |
| Income taxes67/77 | €6,674 | €6,871 | €8,099 | €11,651 | €8,104 | ▼ 30.4% |
| Profit (loss) for the period9904 | €18,836 | €11,768 | €1,757 | €27,867 | €16,642 | ▼ 40.3% |
| Profit (loss) for the period to be appropriated9905 | €18,836 | €11,768 | €1,757 | €27,867 | €16,642 | ▼ 40.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217,156 | €152,636 | €176,054 | €157,357 | €191,387 | ▲ 21.6% |
| Fixed assets21/28 | €11,108 | €992 | €21,360 | €38,835 | €46,311 | ▲ 19.3% |
| Tangible fixed assets22/27 | €11,059 | €942 | €21,311 | €38,785 | €46,261 | ▲ 19.3% |
| Plant, machinery and equipment23 | - | - | €727 | €394 | €899 | ▲ 128% |
| Furniture and vehicles24 | - | €793 | €20,583 | €38,391 | €45,362 | ▲ 18.2% |
| Other tangible fixed assets26 | - | €149 | €0 | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €206,048 | €151,645 | €154,694 | €118,522 | €145,076 | ▲ 22.4% |
| Stocks and contracts in progress3 | €6,420 | €5,830 | €3,970 | €2,480 | €6,181 | ▲ 149% |
| Stocks30/36 | - | €5,830 | €3,970 | €2,480 | €6,181 | ▲ 149% |
| Amounts receivable within one year40/41 | €182,651 | €144,373 | €147,010 | €107,927 | €128,100 | ▲ 18.7% |
| Trade receivables40 | - | €50,943 | €54,020 | €25,596 | €18,417 | ▼ 28.0% |
| Other amounts receivable41 | - | €93,430 | €92,990 | €82,331 | €109,683 | ▲ 33.2% |
| Cash at bank and in hand54/58 | €15,411 | €0 | €2,296 | €6,919 | €9,360 | ▲ 35.3% |
| Deferred charges and accrued income490/1 | - | €1,442 | €1,417 | €1,197 | €1,435 | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217,156 | €152,636 | €176,054 | €157,357 | €191,387 | ▲ 21.6% |
| Equity10/15 | €169,641 | €130,210 | €118,967 | €113,694 | €130,336 | ▲ 14.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €163,435 | €123,995 | €112,745 | €107,465 | €124,105 | ▲ 15.5% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €121,995 | €110,745 | €107,465 | €124,105 | ▲ 15.5% |
| Profit (loss) carried forward14 | €6 | €15 | €22 | €29 | €31 | ▲ 6.7% |
| Amounts payable17/49 | €47,515 | €22,427 | €57,087 | €43,663 | €61,051 | ▲ 39.8% |
| Amounts payable after more than one year17 | €2,904 | €0 | €16,903 | €12,363 | €21,353 | ▲ 72.7% |
| Financial debts170/4 | - | €0 | €16,903 | €12,363 | €21,353 | ▲ 72.7% |
| Amounts payable within one year42/48 | €44,611 | €22,427 | €40,184 | €31,300 | €39,698 | ▲ 26.8% |
| Current portion of amounts payable after more than one year42 | - | €2,904 | €4,323 | €4,539 | €8,427 | ▲ 85.6% |
| Financial debts43 | - | €8,606 | €2,500 | €394 | - | - |
| Credit institutions430/8 | - | €8,606 | €2,500 | €394 | - | - |
| Trade debts44 | €31,373 | €9,741 | €33,186 | €23,580 | €29,607 | ▲ 25.6% |
| Suppliers440/4 | - | €9,741 | €33,186 | €23,580 | €29,607 | ▲ 25.6% |
| Taxes, remuneration and social security45 | - | €1,176 | €175 | €2,786 | €1,664 | ▼ 40.3% |
| Taxes450/3 | - | €1,176 | €175 | €2,786 | €1,664 | ▼ 40.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,836 | €11,768 | €1,757 | €27,867 | €16,642 | ▼ 40.3% |
| + Depreciation and write-downs630 | €14,410 | €10,920 | €3,730 | €11,823 | €8,090 | ▼ 31.6% |
| Operating cash flow (approximation) | €33,247 | €22,688 | €5,487 | €39,690 | €24,732 | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | -€803 | -€24,098 | -€29,298 | -€15,566 | ▲ 46.9% |
| Change in cash | - | -€15,411 | €2,296 | €4,622 | €2,441 | ▼ 47.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
31-08
State Gazette act
Resignation: Patricia Weydert (director)2 facts ▸
State Gazette act
Resignation: Patricia Weydert (director)
2 facts ▸
- General meeting, 29-06-2026
- Director resignation, Patricia Weydert (director)
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €27,867 ▲1,486%
Operating result €41,765, net result €27,867, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Back to profitnet €24,442
Net result €24,442 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €150,805 ▲19.3%
Equity rises from €126,363 to €150,805.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 89 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2001
Ground area
390 m²
Building footprint
103 m²
Volume, LiDAR
593 m³
Parcel 23643G0006/00M003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hooigaardestraat 59, 1800 Vilvoorde
since 20012.116.643.928
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0006/00M003 | Flanders | 390 m² | 1 · 103 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Patricia Weydert |
|
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,926 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474864587
Also
9925:BE0474864587
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.