AQUACOSY
ActiveAQUACOSY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €2k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-13
Solvency72▲+1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.55 in 2023; short-term debt: 50.5% and cash: 2.7% of total assets), but 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
47.3%
Return on assets
2.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
28 d late
2021
52 d early
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€38k▼ 15.5%
2023 · €46k
2018: €45k
2019: €54k
2020: €71k
2021: €68k
2022: €49k
2023: €46k
2018 → 2024
Total assets
€81k▼ 17.9%
2023 · €99k
2018: €137k
2019: €96k
2020: €136k
2021: €274k
2022: €114k
2023: €99k
2018 → 2024
Net result
€2k▼ 82.6%
2023 · €13k
2018: €16k
2019: €9k
2020: €17k
2021: €4k
2022: €2k
2023: €13k
2018 → 2024
Working capital
€31k▲ 6.4%
2023 · €29k
2018: €44k
2019: €54k
2020: €71k
2021: €52k
2022: €34k
2023: €29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€71k-€68k▼ 3.9%€49k▼ 28.0%€46k▼ 6.7%€38k▼ 15.5%
Operating result€26k-€8k▼ 67.7%€5k▼ 41.5%€19k▲ 298%€5k▼ 75.5%
Net result€17k-€4k▼ 74.8%€2k▼ 49.8%€13k▲ 499%€2k▼ 82.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 76% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81k
Fixed assets
€9k▼ 44.7%
Current assets
€72k▼ 12.7%
Equity and liabilities €81k
Equity
€38k▼ 15.5%
Debt
€43k▼ 19.9%
The debt ratio falls from 54.0% to 52.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2023 · €33k
Cash flow
€14k▼
2023 · €26k
Solvency
47.3%▲
2023 · 46.0%
Current ratio
1.76▲
2023 · 1.55
Quick ratio
1.49▲
2023 · 1.29
Debt / equity
1.11▼
2023 · 1.17
ROE
5.7%▼
2023 · 27.8%
ROA
2.7%▼
2023 · 12.8%
Interest coverage
17.45▼
2023 · 21.04
Debt
€43k▼
2023 · €53k
Debt ≤ 1 year
€41k▼
2023 · €53k
Debt > 1 year
€2k
Income taxes
€2k▼
2023 · €5k
Staff costs
€4k
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€99k€81k▼
Fixed assets21/28€16k€9k▼
Intangible fixed assets21€2k€952▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€597€318▼
Furniture and vehicles24€14k€8k▼
Current assets29/58€83k€72k▼
Amounts receivable after more than one year29€18k€9k▼
Other amounts receivable291€18k€9k▼
Stocks and contracts in progress3€14k€11k▼
Stocks30/36€14k€11k▼
Amounts receivable within one year40/41€46k€49k▲
Trade receivables40€46k€49k▲
Other amounts receivable41-€583
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€740€493▼
Equity and liabilities
Total equity and liabilities10/49€99k€81k▼
Equity10/15€46k€38k▼
Contributions10/11€6k€6k=
Reserves13€46k€36k▼
Non-distributable reserves130/1€620€620=
Reserves not available under the articles1311€620€620=
Distributable reserves133€45k€36k▼
Profit (loss) carried forward14€-6k€-4k▲
Amounts payable17/49€53k€43k▼
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€53k€41k▼
Current portion of amounts payable after more than one year42€16k€2k▼
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9-€663
Other amounts payable47/48€15k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k-
Other operating charges640/8€1k€21k▲
Gross operating margin9900€25k€42k▲
Operating profit (loss)9901€19k€5k▼
Financial income75/76B€2€22▲
Recurring financial income75€2€22▲
Financial charges65/66B€2k€921▼
Recurring financial charges65€2k€921▼
Profit (loss) for the period before taxes9903€18k€4k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€13k€2k▼
Profit (loss) for the period to be appropriated9905€13k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-4k▼
Profit (loss) brought forward from the previous period14P€-6k€-6k=
Transfer from equity791/2€16k€9k▼
Transfer to equity691/2€13k-
To other reserves6921€13k-
Profit to be distributed694/7€16k€9k▼
Return on contributions (dividend)694€16k€9k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼49.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €17k ▲80.3%
Net result €17k, the highest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 169 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 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, Montigny-le-Tilleul · 1 establishment unit since 2010
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 de Gozée 3996110 Montigny-le-TilleulGround area
755 m²
Building footprint
55 m²
Volume, LiDAR
379 m³
Parcel 52048A0056/00E003, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Gozée 399, 6110 Montigny-le-Tilleul
since 20102.190.284.942
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048A0056/00E003 | Wallonia | 755 m² | 1 · 55 m² | 7.7 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.
Similar companies · same sector, comparable size
JEROEN DEKLERCK
BE 1007.612.046
Hooglede · Eq €38k
ROGIERS TECHNICS
BE 0680.711.554
Torhout · Eq €38k
Sanitair verwarming Isenborghs
BE 0750.996.566
Kasterlee · Eq €38k
Depanna-plomb
BE 0668.490.148
Dilbeek · Eq €38k
TECHNOFLUX
BE 0536.743.263
Koekelberg · Eq €39k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 2,864 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2010
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
25991Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
47527Retail trade
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@aquacosy.be
Phone:0475/549768