AQUA NIL
ActiveSummary
AQUA NIL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €-8k. Equity is shrinking by ~20.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 26% of 435 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-27
Solvency49=
Growth27▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 2.4 in 2024; short-term debt: 9.5% and cash: 11.9% of total assets), and 76.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.5%
Return on assets
-2.1%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
27 d early
2023
9 d late
2022
36 d late
2021
48 d early
2020
4 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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, full schema
Turnover
€186k▲ 46.5%
2020 · €127k
2018: €215k
2019: €230k
2020: €127k
2018 → 2021
EBIT margin
8.2%▲ 17.6pp
2020 · -9.4%
2018: 3.0%
2019: 9.4%
2020: -9.4%
2018 → 2021
Net result
€-8k
2024 · €15k
2018: €6k
2019: €21k
2020: €-7k
2021: €27k
2022: €-34k
2023: €54k
2024: €15k
2018 → 2025
Working capital
€16k▼ 61.9%
2024 · €43k
2018: €294k
2019: €341k
2020: €346k
2021: €376k
2022: €-3k
2023: €44k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€186k-
Equity€389k-€29k▼ 92.7%€83k▲ 191%€98k▲ 18.5%€90k▼ 8.3%
Operating result€15k-€-29k€65k€25k▼ 61.2%€1k▼ 95.5%
Net result€27k-€-34k€54k€15k▼ 71.8%€-8k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€330k ▼ 0.5%
Current assets
€53k ▼ 28.4%
Equity and liabilities €383k
Equity
€90k ▼ 8.3%
Debt
€293k ▼ 4.7%
Debt's share of the balance-sheet total rises from 75.8% to 76.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €36k
Cash flow
€4k▼
2024 · €26k
Current ratio
1.45▼
2024 · 2.40
Debt to equity
3.25▲
2024 · 3.13
ROE
-9.0%▼
2024 · 15.6%
ROA
-2.1%▼
2024 · 3.8%
Interest coverage
1.42▼
2024 · 3.73
Debt ≤ 1 year
€37k▲
2024 · €31k
Debt > 1 year
€256k▼
2024 · €277k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€406k€383k▼
Fixed assets21/28€332k€330k▼
Tangible fixed assets22/27€332k€330k▼
Land and buildings22€316k€314k▼
Plant, machinery and equipment23€12k€16k▲
Furniture and vehicles24€333-
Assets under construction and advance payments27€3k-
Current assets29/58€74k€53k▼
Amounts receivable within one year40/41€17k€5k▼
Trade receivables40€660-
Other amounts receivable41€16k€5k▼
Cash at bank and in hand54/58€55k€46k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€406k€383k▼
Equity10/15€98k€90k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€36k€27k▼
Amounts payable17/49€308k€293k▼
Amounts payable after more than one year17€277k€256k▼
Financial debts170/4€277k€256k▼
Amounts payable within one year42/48€31k€37k▲
Current portion of amounts payable after more than one year42€20k€20k▲
Financial debts43€311€193▼
Credit institutions430/8€311€193▼
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Taxes, remuneration and social security45€116-
Taxes450/3€116-
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3-€341
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€43k€22k▼
Operating profit (loss)9901€25k€1k▼
Financial income75/76B-€123
Recurring financial income75-€123
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€15k€-8k▼
Income taxes67/77€116-
Profit (loss) for the period9904€15k€-8k▼
Profit (loss) for the period to be appropriated9905€15k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€27k▼
Profit (loss) brought forward from the previous period14P€20k€36k▲
The notes to these accounts (17 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.67
Current ratio from 0.92 to 2.67; short-term debt falls from €40k to €27k.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 36 days late
2022
31-12
Financial
Weakest financial yearnet €-34k ▼229%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 37.44
Current ratio from 18.55 to 37.44; short-term debt falls from €19k to €9k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Walhain · 1 establishment unit since 1995
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.
Rue Abbesse(NSV) 631457 WalhainGround area
3,127 m²
Building footprint
330 m²
Volume, LiDAR
1,962 m³
Parcel 25071D0082/00V000, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AQUA-NIL VIN ET DECOUVERTE
since 19952.069.742.745
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071D0082/00V000 | Wallonia | 3,127 m² | 1 · 330 m² | 9.8 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
Legal Entity Identifier
875500XZV9SXLPYH8V15
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Of 13,492 companies in sector 85510 we hold annual accounts for 718. 526 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 formPublic limited company
Founded16-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
85510Sports and recreation education
47639Retail sale of other sporting goods
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.