Equity
€1.7m ▲ 15.4%
AQUAFLUX has made a profit without a break since 2013.
AQUAFLUX
Lifetime
16 annual accounts with figures on one time axispeak €4.8m (2021)
€4.2m▲ 6.3%
lowest -€164,501 (2012)
€220,973▲ 1.7%
peak €1.7m (2024)
€1.7m▲ 15.4%
€2.0m▲ 8.7%
peak 27.5 FTE (2024)
27.5 FTE▲ 23.3%
Board7 names since 2018
6 directorsFRERE SRL and 5 others
Owners4 names in the annual accounts
50%JOLY SA and 2 others
Documentsfilings and deeds
16-06-202545 days before the deadline
2024financial year
Gross margin from €1.6m to €2.0mStaff from 22.3 FTE to 27.5 FTEReappointment: BDO Réviseurs d'Entreprises (commissaire pour… 05-114 directors reappointed 03-07Equity from €1.4m to €1.7mInvestments €625,252
Key points
from the 2024 annual accountsInvestments
€625,777 2.2 × depreciation
Green is investment, beige is depreciation.
Staff
28 employees on 31-12-2024
In 2024, 7 people joined and 2 left.
Payment terms
164 days to suppliers
AQUAFLUX pays its suppliers 38 days later than in 2023. Customers pay 18 days earlier.
Filings
16 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
12 companies
Checked score
56
Fair
Financially stronger than 54% of small companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%▲ +0.5 percentage points vs 09-2026highest value
11-2026: 1.4%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 16-06-2025)
Liquidity: current ratio 1.71, cash €108,438
lowers risk
Founded in 2008
Profit of €220,973 (financial year 2024)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 52% of them on solvency, 23% on liquidity, 71% on profitability and 71% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as AQUAFLUX has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
The bankruptcy probability of AQUAFLUX itself is higher: 1.4% within 12 months. It rests on far more data about AQUAFLUX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for AQUAFLUX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €90,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.71 (1.67 in 2023), above the usual 1.5. Short-term debt is 47.3% and cash 3% of total assets. However, 55% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
45 days early
2023
44 days early
2022
33 days early
2021
24 days late
2020
26 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 25 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Board and ownership
F
FINOFAB
Managing director, Olivier FABRY
- JOLY consolidatesequity €4.9m (2025) · annual accounts 2024
- JOLY SA 50%equity €16.8m (2025) · 2025 annual accounts of JOLY SA
- S.A FIBAMA 40%score 90equity €5.6m (2025) · 2025 annual accounts of S.A FIBAMA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899664112
Reappointment: BDO Réviseurs d'Entreprises (commissaire pour les comptes statutaires)
General meeting of 11-06-2024 · Gazette deed
4 directors reappointed
S.A. FIBAMA, JOLY SA, FINOFAB and FRERE CONSTRUCTION ET CONSULTANCE · Permanent representatives: Marcel BAGUETTE, Pierre JOLY, Olivier FABRY and FRERE Pierre-Yves · Director discharge: S.A. FIBAMA · General meeting of 18-12-2023 · Gazette deed
3 directors reappointed, 1 statutory auditor reappointed
JOLY, FINOFAB (managing director), FIBAMA and BDO Réviseurs d'Entreprises (statutory auditor) · Permanent representatives: Pierre Joly, Olivier Fabry and Marcel Baguette · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AQUAFLUX Liège | €4.2m | 8.6% | 45.0% | 27.5 |
| Kohnen Piping Service International Plombières | - | - | 61.5% | 33.7 |
| G.T.C. TECHNICS Ath | - | - | 33.0% | 15.9 |
| X-SERVICE PLUS Genk | - | - | 44.6% | 19.1 |
| DOUIN + Herstal | €7.3m | 11.4% | 42.3% | 45.1 |
| POMMEE Herstal | - | - | 58.4% | 13.9 |
| Benvitec Manufacturing Beringen | €4.0m | -8.6% | 25.1% | 37.4 |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as AQUAFLUX: manufacture of fabricated metal products, except machinery and equipment (NACE 25210). They are comparable in size and age: total assets between €1.5m and €3.8m, founded between 1993 and 2017.
Official details
Source: KBO- Status
- Active since 05-08-2008Normal situation
- Registered office
- 13 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25210and 4 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.172.411.8024020 Liège, since 01-09-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Annual accounts 2024
- €3.7m▲ 11.6%
- Employeeson 31-12-2024
- 28▲ 21.7%
- Filing
- Filed on 16-06-2025
Insights on AQUAFLUX
AQUAFLUX has existed since 2008. Turnover grew from €2.9m in 2009 to €4.2m in 2024 and staff from 13.2 to 27.5 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AQUAFLUX
- What is the company number of AQUAFLUX?
- The company number of AQUAFLUX is 0899.664.112. The VAT number is the same number with BE in front: BE 0899.664.112.
- Where is AQUAFLUX based?
- The registered office is at Avenue de l'Indépendance 83, 4020 Liège.Company details
- What does AQUAFLUX do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25210).
- What is the legal form of AQUAFLUX?
- AQUAFLUX is a public limited company (NV).
- When was AQUAFLUX founded?
- AQUAFLUX was founded on 05-08-2008.
- Is AQUAFLUX still active?
- Yes, AQUAFLUX is an active enterprise in the KBO register.
- How many employees does AQUAFLUX have?
- AQUAFLUX had an average of 27.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does AQUAFLUX fall under?
- In its 2024 annual accounts, AQUAFLUX states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of AQUAFLUX?
- The turnover of AQUAFLUX was €4.2m in financial year 2024, according to the filed annual accounts.
- Is AQUAFLUX profitable?
- In financial year 2024, AQUAFLUX made a profit of €220,973.
- Where can I find the annual accounts of AQUAFLUX?
- AQUAFLUX filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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