AQUA TWINS
Open bankruptcyA bankruptcy procedure is open for AQUA TWINS according to publications in the Belgian State Gazette; curator: FLOOR D’HULSTER. The 2020 annual accounts show equity of €3k and a net result of €26k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2020, micro schema
Turnover
€295k
EBIT margin
-1.3%
Net result
€26k▲ 375%
2019 · €6k
2018: €-43k
2019: €6k
2018 → 2020
Working capital
€-19k▲ 68.3%
2019 · €-61k
2018: €-87k
2019: €-61k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€295k-
Equity€-42k-€-24k▲ 42.9%€3k
Operating result€-4k-€11k€28k▲ 155%
Net result€-43k-€6k€26k▲ 375%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 155% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €248k
Fixed assets
€46k▼ 25.0%
Current assets
€203k▲ 51.6%
Equity and liabilities €248k
Equity
€3k
Debt
€246k
Debt finances 99.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€43k▲
2019 · €32k
Cash flow
€42k▲
2019 · €26k
Solvency
1.0%▲
2019 · -12.3%
Current ratio
0.91▲
2019 · 0.69
Quick ratio
0.90▲
2019 · 0.67
Debt / equity
9.49▲
2019 · -1.00
ROA
10.6%▲
2019 · 2.9%
Debt
€246k▲
2019 · €219k
Debt ≤ 1 year
€222k▲
2019 · €195k
Debt > 1 year
€24k=
2019 · €24k
A ratio outside any meaningful range has been withheld (balance sheet total €248k, equity €3k).
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€195k€248k▲
Fixed assets21/28€61k€46k▼
Intangible fixed assets21€29k€22k▼
Tangible fixed assets22/27€32k€24k▼
Current assets29/58€134k€203k▲
Stocks and contracts in progress3€4k€4k=
Amounts receivable within one year40/41€79k€146k▲
Cash at bank and in hand54/58€51k€52k▲
Equity and liabilities
Total equity and liabilities10/49€195k€248k▲
Equity10/15€-24k€3k▲
Contributions10/11€19k-
Reserves13€23k€23k=
Profit (loss) carried forward14€-65k€-39k▲
Amounts payable17/49€219k€246k▲
Amounts payable after more than one year17€24k€24k=
Amounts payable within one year42/48€195k€222k▲
Trade debts44€7k€186▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€15k▼
Gross operating margin9900€33k€44k▲
Operating profit (loss)9901€11k€28k▲
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€6k€26k▲
Profit (loss) for the period9904€6k€26k▲
Profit (loss) for the period to be appropriated9905€6k€26k▲
Timeline · acts, filings and financial milestones
2022
17-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · AQUA TWINS BV VISSERS- KAAI 10, 8400 OOSTENDE · event 13-06-2022
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
2020
31-12
Financial
Highest result since 2018net €26k ▲375%
Operating result €28k, net result €26k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 148 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
2015
17-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Oostende · 1 establishment unit since 2019
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.
Visserskaai 108400 OostendeGround area
96 m²
Building footprint
96 m²
Volume, LiDAR
1,647 m³
Parcel 35013A1599/00E004, Flanders · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BLINY
since 20192.288.416.476
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1599/00E004 | Flanders | 96 m² | 1 · 96 m² | 21.6 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FLOOR D’HULSTER HOSPITAALSTRAAT 3,
8400 OOSTENDE |
13-06-2022 → present |
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 3,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-09-2012
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.