AQUA & DEB
ActiveThe computed 12-month bankruptcy probability of AQUA & DEB is 4.0% (elevated). The 2024 annual accounts show equity of €119k and a net result of €18k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 5.2 against 35.24 in 2023; short-term debt: 17.5% and cash: 29.8% of total assets), and 17.5% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-10-2025, 65 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
65 d late
2023
118 d late
2022
61 d late
2021
107 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18k▼ 60.0%
2023 · €46k
2021: €45k
2022: €8k
2023: €46k
2021 → 2024
Working capital
€106k▲ 29.1%
2023 · €82k
2021: €41k
2022: €51k
2023: €82k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€46k-€54k▲ 16.9%€100k▲ 85.0%€119k▲ 18.4%
Operating result€57k-€11k▼ 80.8%€60k▲ 444%€21k▼ 64.9%
Net result€45k-€8k▼ 82.7%€46k▲ 488%€18k▼ 60.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets
€13k▼ 29.1%
Current assets
€131k▲ 55.3%
Equity and liabilities €144k
Equity
€119k▲ 18.4%
Debt
€25k▲ 953%
The debt ratio rises from 2.3% to 17.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2023 · €65k
Cash flow
€24k▼
2023 · €51k
Solvency
82.5%▼
2023 · 97.7%
Current ratio
5.20▼
2023 · 35.24
Quick ratio
5.20▼
2023 · 35.24
Debt / equity
0.21▲
2023 · 0.02
ROE
15.5%▼
2023 · 45.9%
ROA
12.8%▼
2023 · 44.9%
Interest coverage
26.59▼
2023 · 105.76
Debt
€25k▲
2023 · €2k
Debt ≤ 1 year
€25k▲
2023 · €2k
Income taxes
€5k▼
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€103k€144k▲
Fixed assets21/28€19k€13k▼
Tangible fixed assets22/27€19k€13k▼
Furniture and vehicles24€19k€13k▼
Current assets29/58€84k€131k▲
Amounts receivable within one year40/41€49k€88k▲
Trade receivables40€5k€29k▲
Other amounts receivable41€44k€59k▲
Cash at bank and in hand54/58€35k€43k▲
Equity and liabilities
Total equity and liabilities10/49€103k€144k▲
Equity10/15€100k€119k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€99k€118k▲
Amounts payable17/49€2k€25k▲
Amounts payable within one year42/48€2k€25k▲
Trade debts44-€636
Suppliers440/4-€636
Taxes, remuneration and social security45€2k€25k▲
Taxes450/3€2k€25k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€68k€28k▼
Operating profit (loss)9901€60k€21k▼
Financial income75/76B€9€3k▲
Recurring financial income75€9€3k▲
Financial charges65/66B€617€1k▲
Recurring financial charges65€617€1k▲
Profit (loss) for the period before taxes9903€59k€23k▼
Income taxes67/77€13k€5k▼
Profit (loss) for the period9904€46k€18k▼
Profit (loss) for the period to be appropriated9905€46k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€118k▲
Profit (loss) brought forward from the previous period14P€53k€99k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 65 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
31-12
Financial
Highest result since 2021net €46k ▲488%
Operating result €60k, net result €46k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 35.24
Current ratio from 9.09 to 35.24; short-term debt falls from €6k to €2k.
31-12
Financial
Equity above €100kEq €100k ▲85%
3 profitable years in a row build equity to €100k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet €8k ▼82.7%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene
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.
Louizalaan 2091050 ElseneGround area
700 m²
Building footprint
700 m²
Volume, LiDAR
16,134 m³
Parcel 21807G0120/00L005, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 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.
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SANDER BREINE
BE 0773.390.403
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Reniers Benjamin
BE 0730.994.374
Zoutleeuw · Eq €118k
VAN DER PLAS YVES
BE 0737.432.897
Schoten · Eq €118k
JOERI VAN ROEYEN
BE 0774.270.727
Waasmunster · Eq €118k
QURATEC
BE 0805.970.030
Lille · Eq €119k
Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 3,040 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.