Aquagroup
ActiveAquagroup has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €465k and a net result of €124k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-5
Solvency72▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.33 in 2024; short-term debt: 47.7% and cash: 4.8% of total assets), but 52.6% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.4%
Return on assets
12.7%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 d early
2024
15 d early
2023
1 d early
2022
on the day
2021
3 d early
2020
3 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€465k▲ 36.6%
2024 · €340k
2019: €158k
2020: €249k
2021: €319k
2022: €343k
2023: €320k
2024: €340k
2019 → 2025
Total assets
€980k▲ 14.9%
2024 · €853k
2019: €358k
2020: €516k
2021: €701k
2022: €670k
2023: €688k
2024: €853k
2019 → 2025
Net result
€124k▼ 12.3%
2024 · €142k
2019: €85k
2020: €92k
2021: €70k
2022: €24k
2023: €1k
2024: €142k
2019 → 2025
Working capital
€234k▲ 48.7%
2024 · €158k
2019: €71k
2020: €89k
2021: €60k
2022: €49k
2023: €72k
2024: €158k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€319k-€343k▲ 7.6%€320k▼ 6.7%€340k▲ 6.3%€465k▲ 36.6%
Operating result€77k-€42k▼ 45.1%€10k▼ 75.6%€184k▲ 1,674%€174k▼ 5.3%
Net result€70k-€24k▼ 65.0%€1k▼ 94.7%€142k▲ 10,873%€124k▼ 12.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €980k
Fixed assets
€278k▲ 29.2%
Current assets
€702k▲ 10.0%
Equity and liabilities €980k
Equity
€465k▲ 36.6%
Debt
€515k▲ 0.5%
The debt ratio falls from 60.1% to 52.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€266k▲
2024 · €230k
Cash flow
€217k▲
2024 · €188k
Solvency
47.4%▲
2024 · 39.9%
Current ratio
1.50▲
2024 · 1.33
Quick ratio
0.62▼
2024 · 0.84
Debt / equity
1.11▼
2024 · 1.51
ROE
26.8%▼
2024 · 41.7%
ROA
12.7%▼
2024 · 16.6%
Interest coverage
18.76▲
2024 · 18.53
Debt
€515k▲
2024 · €513k
Debt ≤ 1 year
€468k▼
2024 · €480k
Debt > 1 year
€47k▲
2024 · €31k
Income taxes
€47k▲
2024 · €33k
Staff costs
€524k▲
2024 · €459k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€853k€980k▲
Fixed assets21/28€215k€278k▲
Intangible fixed assets21€191-
Tangible fixed assets22/27€207k€270k▲
Plant, machinery and equipment23€20k€35k▲
Furniture and vehicles24€123k€181k▲
Other tangible fixed assets26€63k€53k▼
Financial fixed assets28€8k€8k=
Current assets29/58€638k€702k▲
Stocks and contracts in progress3€234k€413k▲
Stocks30/36€234k€413k▲
Amounts receivable within one year40/41€327k€224k▼
Trade receivables40€156k€187k▲
Other amounts receivable41€171k€37k▼
Current investments50/53-€2k
Cash at bank and in hand54/58€64k€47k▼
Deferred charges and accrued income490/1€13k€15k▲
Equity and liabilities
Total equity and liabilities10/49€853k€980k▲
Equity10/15€340k€465k▲
Contributions10/11€19k€19k=
Reserves13€322k€446k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€320k€446k▲
Amounts payable17/49€513k€515k▲
Amounts payable after more than one year17€31k€47k▲
Financial debts170/4€31k€47k▲
Amounts payable within one year42/48€480k€468k▼
Current portion of amounts payable after more than one year42€55k€90k▲
Financial debts43€90k€100k▲
Credit institutions430/8€90k€100k▲
Trade debts44€201k€206k▲
Suppliers440/4€201k€206k▲
Taxes, remuneration and social security45€64k€60k▼
Taxes450/3€23k€20k▼
Remuneration and social security454/9€41k€41k▼
Other amounts payable47/48€70k€11k▼
Accrued charges and deferred income492/3€2k€411▼
Income statement
Code20242025
Non-recurring operating income76A€34k-
Remuneration, social security and pensions62€459k€524k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€92k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€24k€19k▼
Gross operating margin9900€716k€813k▲
Operating profit (loss)9901€184k€174k▼
Financial income75/76B€3k€12k▲
Recurring financial income75€3k€12k▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€175k€171k▼
Income taxes67/77€33k€47k▲
Profit (loss) for the period9904€142k€124k▼
Profit (loss) for the period to be appropriated9905€142k€124k▼
Appropriation of the result
Profit (loss) to be appropriated9906€142k€124k▼
Profit (loss) brought forward from the previous period14P€494-
Transfer from equity791/2€62k-
Transfer to equity691/2€82k€124k▲
To other reserves6921€82k€124k▲
Profit to be distributed694/7€122k-
Return on contributions (dividend)694€62k-
Directors or managers695€60k-
Social balance
Average headcount (FTE)90878.78.6▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €142k ▲10873%
Operating result €184k, net result €142k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €1k ▼94.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200kEq €249k ▲58.4%
2 profitable years in a row build equity to €249k.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Waregem · 1 establishment unit since 2017
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.
Gentseweg 7158793 WaregemGround area
1,487 m²
Building footprint
700 m²
Volume, LiDAR
2,768 m³
Parcel 34035A0184/00P000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Aquagroup
since 20172.270.377.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0184/00P000 | Flanders | 1,487 m² | 1 · 700 m² | 7.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 18,174 EUR awarded · 18,174 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,781 EUR | 3,781 EUR |
| 2024 | 2 | 9,893 EUR | 9,893 EUR |
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Individueel Maatwerk
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500B5C7CE875AF044
Similar companies · same sector, comparable size
CBE
BE 0818.002.582
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KOCKX
BE 0425.005.401
Gent · Eq €466k
A + ENERGIES
BE 0536.322.797
Leuze-en-Hainaut · Eq €466k
M.R.P. VAN DORPE
BE 0475.368.195
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BROECKX - VERSWIJVEL
BE 0816.762.467
Ranst · Eq €467k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,468. 2,388 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2011
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
47529Retail trade
43240Other construction installation
43299Specialised construction activities
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46842Wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.