Financials
- Fiscal year
- 2025
- Total assets
- €2.3m
- Loss
- -€191,134
- Solvency
- 26.4%
Total assets▲ 1.1%
Net result
20232025
AquaFlanders
ActiveSummary
AquaFlanders has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €602,399 and a net result of -€191,134. Equity is shrinking by ~21% per year across the filed fiscal years. Its solvency ranks better than 32% of 867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Other technical testing and analysis
NACE 71209Engineering and related technical consultancy, excluding land surveyors NACE 71121NACE 74203
1 site
Size
€2.3mtotal assets 2025
- Staff
- 10 FTE
- Equity
- €602,399
- Loss
- -€191,134
Structure
- Board
- 10 members
Auditor: LYSENS AnAccounts 43 d early
Why 92- Loss of €191,134, the second in a row (FY 2025)+ Legal form Non-profit association+ Liquidity: current ratio 2.79, cash €1.3m+ Founded in 1974Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (NACE 71, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
51-9
equity 26.4% of total assets
Liquidity
88-6
short-term debt 29.3% · cash 56.6%
Profitability
8-3
return on assets -8.4%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● 0.0% vs 11-2024lowest value
01-2025: < 0.1%● 0.0% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%● 0.0% vs 02-2025lowest value
04-2025: < 0.1%● 0.0% vs 03-2025lowest value
05-2025: < 0.1%● 0.0% vs 04-2025lowest value
06-2025: < 0.1%● 0.0% vs 05-2025lowest value
07-2025: < 0.1%▲ +9.1% vs 06-2025
08-2025: < 0.1%▲ +58.3% vs 07-2025highest value
09-2025: < 0.1%● 0.0% vs 08-2025highest value
10-2025: < 0.1%● 0.0% vs 09-2025highest value
11-2025: < 0.1%● 0.0% vs 10-2025highest value
12-2025: < 0.1%● 0.0% vs 11-2025highest value
01-2026: < 0.1%● 0.0% vs 12-2025highest value
02-2026: < 0.1%● 0.0% vs 01-2026highest value
03-2026: < 0.1%● 0.0% vs 02-2026highest value
04-2026: < 0.1%▼ -5.3% vs 03-2026
05-2026: < 0.1%▲ +5.6% vs 04-2026highest value
06-2026: < 0.1%● 0.0% vs 05-2026highest value
07-2026: < 0.1%▼ -5.3% vs 06-2026
08-2026: < 0.1%● 0.0% vs 07-2026
09-2026: < 0.1%● 0.0% vs 08-2026
10-2026: < 0.1%● 0.0% vs 09-2026
- Legal form Non-profit association lowers the probability
- Loss of €191,134, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 2.79, cash €1.3m lowers the probability
- Founded in 1974 lowers the probability for this profile
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 4.49 in 2024; short-term debt: 29.3% and cash: 56.6% of total assets), but 73.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, small). Better than this share of them on solvency 31%, liquidity 95%, profitability 7%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€191,134
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 18-06-2026, 43 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
43 d early
2024
31 d early
2023
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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 18 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointments: Bart van den neste (director)…Resignations: Rik Buyse, Brecht Vermeulen…
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€191,134
Key points
- Caution: Among the weakest 13% on net resultsector median €37,045 · 869 companies -€191,134 View
- Board changedlatest change 13-05-2026 · 10 in office 1 joined · 3 left View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€191,134 View
- Active since 1974founded 05-04-1974 52 years View
- Flemish supportawarded 2025 €72,237 View
By topic
Board & ownership
- Board
- 10 members
- Auditor
- LYSENS An
Go to Board & ownership
Network & group
- Connected companies
- 40
Timeline
- Events
- 23
- Since
- 2010
- Next accounts
- by 31-07-2027
- 10-07-2026Appointments: Bart van den neste (director) and…
- 18-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Other technical testing and analysisNACE 71209
- Founded
- 05-04-1974
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- De ondersteuning van de waterbedrijven en rioolbeheerders en dit dankzij…
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