AQUA PROOF
ActiveSummary
The computed 12-month bankruptcy probability of AQUA PROOF is 2.7% (moderate). The 2025 annual accounts show negative equity (-€394) and a net result of €2,657. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 28281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency25▲+6
Growth58=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.67 in 2024; short-term debt: 89.8% of total assets), and equity is negative.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-0.4%
Return on assets
2.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
34 d late
2024
16 d early
2023
1 d early
2022
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 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 (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. Usually files around 28 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€394▲ 87.1%
2024 · -€3,050
Total assets
€90,066▲ 62.4%
2024 · €55,446
Net result
€2,657▲ 104%
2024 · €1,299
Working capital
-€1,959▲ 88.6%
2024 · -€17,217
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
Line2022202320242025
Operating result€316--€3,262€2,232€4,851▲ 117%
Net result-€437below the sector's middle half--€4,913below the sector's middle half▼ 1,024%€1,299within the sector's middle half€2,657within the sector's middle half▲ 104%
Equity€563below the sector's middle half--€4,350below the sector's middle half-€3,050below the sector's middle half▲ 29.9%-€394below the sector's middle half▲ 87.1%
Total assets€58,175below the sector's middle half-€73,939within the sector's middle half▲ 27.1%€55,446below the sector's middle half▼ 25.0%€90,066within the sector's middle half▲ 62.4%
Debt€57,612-€78,289▲ 35.9%€58,496▼ 25.3%€90,460▲ 54.6%
Working capital-€22,429below the sector's middle half--€31,862below the sector's middle half▼ 42.1%-€17,217below the sector's middle half▲ 46.0%-€1,959below the sector's middle half▲ 88.6%
Solvency1.0%below the sector's middle half--5.9%below the sector's middle half▼ 6.9pp-5.5%below the sector's middle half▲ 0.4pp-0.4%below the sector's middle half▲ 5.1pp
Current ratio0.43below the sector's middle half-0.56below the sector's middle half▲ 0.130.67below the sector's middle half▲ 0.110.98below the sector's middle half▲ 0.30
Return on assets (ROA)-0.8%below the sector's middle half--6.6%below the sector's middle half▼ 5.9pp2.3%within the sector's middle half▲ 9.0pp2.9%within the sector's middle half▲ 0.6pp
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 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 117% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,852
Fixed assets
€10,970 ▼ 43.1%
Current assets
€78,882 ▲ 121%
Key figures and ratios
EBITDA
€14,643▲
2024 · €14,114
Cash flow
€12,448▼
2024 · €13,181
Quick ratio
0.66▲
2024 · 0.15
Interest coverage
19.67▲
2024 · 15.54
Debt ≤ 1 year
€80,841▲
2024 · €52,878
Income taxes
€1,816▲
2024 · €82
Equity ratios withheld: equity of -€394 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.1%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 906 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €567 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,149 | €11,224 | €11,882 | €9,792 | ▼ 17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €664 | - | - |
| Other operating charges640/8 | €3,418 | €2,383 | €2,750 | €1,868 | ▼ 32.1% |
| Non-recurring operating charges66A | - | €10,433 | - | €2,975 | - |
| Gross operating margin9900 | €14,883 | €20,778 | €17,528 | €19,486 | ▲ 11.2% |
| Operating profit (loss)9901 | €316 | -€3,262 | €2,232 | €4,851 | ▲ 117% |
| Financial income75/76B | €0 | €21 | €57 | €366 | ▲ 538% |
| Recurring financial income75 | €0 | €21 | €57 | €366 | ▲ 538% |
| Financial charges65/66B | €212 | €1,432 | €908 | €745 | ▼ 18.0% |
| Recurring financial charges65 | €212 | €1,432 | €908 | €745 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €104 | -€4,673 | €1,381 | €4,473 | ▲ 224% |
| Income taxes67/77 | €541 | €240 | €82 | €1,816 | ▲ 2,111% |
| Profit (loss) for the period9904 | -€437 | -€4,913 | €1,299 | €2,657 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€437 | -€4,913 | €1,299 | €2,657 | ▲ 104% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58,175 | €73,939 | €55,446 | €90,066 | ▲ 62.4% |
| Formation expenses20 | €1,037 | €763 | €488 | €213 | ▼ 56.3% |
| Fixed assets21/28 | €40,021 | €31,808 | €19,297 | €10,970 | ▼ 43.1% |
| Tangible fixed assets22/27 | €40,021 | €31,808 | €19,297 | €10,970 | ▼ 43.1% |
| Plant, machinery and equipment23 | €6,390 | €21,943 | €13,326 | €10,095 | ▼ 24.2% |
| Furniture and vehicles24 | €33,631 | €9,865 | €5,971 | €875 | ▼ 85.3% |
| Current assets29/58 | €17,117 | €41,369 | €35,661 | €78,882 | ▲ 121% |
| Stocks and contracts in progress3 | - | €19,987 | €27,737 | €25,236 | ▼ 9.0% |
| Stocks30/36 | - | €4,987 | €11,409 | €16,446 | ▲ 44.1% |
| Contracts in progress37 | - | €15,000 | €16,328 | €8,790 | ▼ 46.2% |
| Amounts receivable within one year40/41 | €15,142 | €20,608 | €7,924 | €43,855 | ▲ 453% |
| Trade receivables40 | €14,181 | €16,855 | €6,959 | €43,855 | ▲ 530% |
| Other amounts receivable41 | €961 | €3,753 | €965 | - | - |
| Deferred charges and accrued income490/1 | €1,974 | €774 | - | €9,792 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58,175 | €73,939 | €55,446 | €90,066 | ▲ 62.4% |
| Equity10/15 | €563 | -€4,350 | -€3,050 | -€394 | ▲ 87.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€437 | -€5,350 | -€4,050 | -€1,394 | ▲ 65.6% |
| Amounts payable17/49 | €57,612 | €78,289 | €58,496 | €90,460 | ▲ 54.6% |
| Amounts payable after more than one year17 | €14,812 | - | - | - | - |
| Other amounts payable178/9 | €14,812 | - | - | - | - |
| Amounts payable within one year42/48 | €39,546 | €73,231 | €52,878 | €80,841 | ▲ 52.9% |
| Financial debts43 | €9,771 | €4,383 | €5,084 | €3,451 | ▼ 32.1% |
| Credit institutions430/8 | €2,130 | €4,383 | €5,084 | €3,451 | ▼ 32.1% |
| Other loans439 | €7,641 | - | - | - | - |
| Trade debts44 | €26,291 | €58,773 | €13,994 | €67,785 | ▲ 384% |
| Suppliers440/4 | €26,291 | €58,773 | €13,994 | €67,785 | ▲ 384% |
| Taxes, remuneration and social security45 | €1,221 | €3,517 | €1,164 | €5,835 | ▲ 401% |
| Taxes450/3 | €1,221 | €3,517 | €1,164 | €5,835 | ▲ 401% |
| Other amounts payable47/48 | €2,263 | €6,558 | €32,636 | €3,770 | ▼ 88.4% |
| Accrued charges and deferred income492/3 | €3,255 | €5,058 | €5,618 | €9,618 | ▲ 71.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€437 | -€4,913 | €1,299 | €2,657 | ▲ 104% |
| + Depreciation and write-downs630 | €11,149 | €11,224 | €11,882 | €9,792 | ▼ 17.6% |
| Operating cash flow (approximation) | €10,712 | €6,312 | €13,181 | €12,448 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | -€3,011 | €629 | -€1,465 | ▼ 333% |
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
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
15-07
State Gazette act
Registered officeRegistered-office move3 facts ▸
State Gazette act
Registered office
Registered-office move3 facts ▸
- Board meeting, 17-03-2026
- Registered-office move, Oude Koornmarkt 69, 2000 Antwerpen
- Other statement, naam en handtekening, Naam en handtekening
2025
31-12
Financial
Highest result since 2022net €2,657 ▲104%
Operating result €4,851, net result €2,657, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,299
Net result €1,299 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€4,913
Net result drops to -€4,913, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2021
Ground area
2,619 m²
Building footprint
496 m²
Volume, LiDAR
4,047 m³
2 parcels, Flanders · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
AQUA PROOF
since 20212.323.770.206
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0061/00E002 | Flanders | 2,412 m² | 1 · 364 m² | 9.0 m · 2 fl. |
| 11803C2109/00A000 | Flanders | 207 m² | 1 · 132 m² | 17.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 208 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
Founded24-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
33110Repair and maintenance of fabricated metal products
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
81220Other building cleaning and industrial cleaning
Contact
E-mail
info@cedricvandenbosch.com
Phone
0493/34.13.39
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774956457
Registered
04-12-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.