AQUALIN
ActiveSummary
AQUALIN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€27,049) and a net result of €743. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 14% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-4
Solvency0=
Growth41▼-3
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.53 in 2024; short-term debt: 135.4% and cash: 74.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-35.4%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 14%
← weakest
strongest →
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
92 d early
2023
89 d early
2022
112 d early
2021
99 d early
2020
72 d early
2019
107 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 94 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€115,197▼ 6.7%
2024 · €123,503
EBIT margin
-1.1%▼ 2.0pp
2024 · 1.0%
Net result
€743▼ 44.3%
2024 · €1,334
Working capital
-€34,939▲ 6.8%
2024 · -€37,480
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€64,124▲ 22.3%€80,990▲ 26.3%€102,969▲ 27.1%€123,503▲ 19.9%€115,197▼ 6.7%
Operating result-€3,149▲ 78.3%€4,345€1,853▼ 57.4%€1,219▼ 34.2%-€1,217
Net result-€3,206below the sector's middle half▲ 76.7%€4,321within the sector's middle half€1,961within the sector's middle half▼ 54.6%€1,334within the sector's middle half▼ 32.0%€743within the sector's middle half▼ 44.3%
EBIT margin-4.9%▲ 22.7pp5.4%▲ 10.3pp1.8%▼ 3.6pp1.0%▼ 0.8pp-1.1%▼ 2.0pp
Equity-€35,408below the sector's middle half▼ 10.0%-€31,087below the sector's middle half▲ 12.2%-€29,126below the sector's middle half▲ 6.3%-€27,793below the sector's middle half▲ 4.6%-€27,049below the sector's middle half▲ 2.7%
Total assets€13,100below the sector's middle half▼ 11.4%€27,964below the sector's middle half▲ 113%€41,139below the sector's middle half▲ 47.1%€51,989below the sector's middle half▲ 26.4%€76,399within the sector's middle half▲ 47.0%
Debt€48,508▲ 3.2%€59,051▲ 21.7%€70,265▲ 19.0%€79,782▲ 13.5%€103,448▲ 29.7%
Working capital-€35,408below the sector's middle half▼ 10.0%-€37,173below the sector's middle half▼ 5.0%-€34,596below the sector's middle half▲ 6.9%-€37,480below the sector's middle half▼ 8.3%-€34,939below the sector's middle half▲ 6.8%
Solvency-270.3%below the sector's middle half▼ 52.6pp-111.2%below the sector's middle half▲ 159.1pp-70.8%below the sector's middle half▲ 40.4pp-53.5%below the sector's middle half▲ 17.3pp-35.4%below the sector's middle half▲ 18.1pp
Current ratio0.27below the sector's middle half▼ 0.040.37below the sector's middle half▲ 0.100.51below the sector's middle half▲ 0.140.53below the sector's middle half▲ 0.020.66below the sector's middle half▲ 0.13
Return on assets (ROA)-24.5%below the sector's middle half▲ 68.7pp15.5%above the sector's middle half▲ 39.9pp4.8%within the sector's middle half▼ 10.7pp2.6%within the sector's middle half▼ 2.2pp1.0%within the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,217 after €1,219 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,399
Fixed assets
€7,890 ▼ 18.6%
Current assets
€68,510 ▲ 62.0%
Key figures and ratios
EBITDA
€581▼
2024 · €2,660
Cash flow
€2,541▼
2024 · €2,775
Debt to equity
-3.82▼
2024 · -2.87
Interest coverage
12.70▼
2024 · 27.71
Debt ≤ 1 year
€103,448▲
2024 · €79,782
Income taxes
€62
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €64,124 | €80,990 | €102,969 | €123,503 | €115,197 | ▼ 6.7% |
| Goods, raw materials, services and sundry goods60/61 | €66,858 | €76,205 | €99,427 | €120,011 | €113,631 | ▼ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €73 | €616 | €1,441 | €1,798 | ▲ 24.8% |
| Other operating charges640/8 | €415 | €367 | €1,074 | €833 | €986 | ▲ 18.4% |
| Gross operating margin9900 | -€2,734 | €4,785 | €3,542 | €3,493 | €1,566 | ▼ 55.2% |
| Operating profit (loss)9901 | -€3,149 | €4,345 | €1,853 | €1,219 | -€1,217 | ▼ 200% |
| Financial income75/76B | €6 | €54 | €174 | €211 | €2,068 | ▲ 882% |
| Recurring financial income75 | €6 | €54 | €174 | €211 | €68 | ▼ 67.8% |
| Non-recurring financial income76B | - | - | - | - | €2,000 | - |
| Financial charges65/66B | €63 | €78 | €66 | €96 | €46 | ▼ 52.4% |
| Recurring financial charges65 | €63 | €78 | €66 | €96 | €46 | ▼ 52.4% |
| Profit (loss) for the period before taxes9903 | -€3,206 | €4,321 | €1,961 | €1,334 | €805 | ▼ 39.6% |
| Income taxes67/77 | - | - | - | - | €62 | - |
| Profit (loss) for the period9904 | -€3,206 | €4,321 | €1,961 | €1,334 | €743 | ▼ 44.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,206 | €4,321 | €1,961 | €1,334 | €743 | ▼ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,100 | €27,964 | €41,139 | €51,989 | €76,399 | ▲ 47.0% |
| Fixed assets21/28 | - | €6,086 | €5,470 | €9,687 | €7,890 | ▼ 18.6% |
| Tangible fixed assets22/27 | - | €6,086 | €5,470 | €9,687 | €7,890 | ▼ 18.6% |
| Plant, machinery and equipment23 | - | €6,086 | €5,470 | €9,687 | €6,225 | ▼ 35.7% |
| Furniture and vehicles24 | - | - | - | - | €1,664 | - |
| Current assets29/58 | €13,100 | €21,878 | €35,669 | €42,302 | €68,510 | ▲ 62.0% |
| Amounts receivable within one year40/41 | €5,747 | €9,036 | €17,073 | €11,191 | €11,676 | ▲ 4.3% |
| Trade receivables40 | €3,662 | €7,855 | €15,017 | €5,223 | €7,841 | ▲ 50.1% |
| Other amounts receivable41 | €2,084 | €1,181 | €2,056 | €5,967 | €3,835 | ▼ 35.7% |
| Cash at bank and in hand54/58 | €7,353 | €12,842 | €18,596 | €31,111 | €56,834 | ▲ 82.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,100 | €27,964 | €41,139 | €51,989 | €76,399 | ▲ 47.0% |
| Equity10/15 | -€35,408 | -€31,087 | -€29,126 | -€27,793 | -€27,049 | ▲ 2.7% |
| Contributions10/11 | €19,197 | €19,197 | €19,197 | €19,197 | €19,197 | = |
| Profit (loss) carried forward14 | -€54,605 | -€50,284 | -€48,324 | -€46,990 | -€46,246 | ▲ 1.6% |
| Amounts payable17/49 | €48,508 | €59,051 | €70,265 | €79,782 | €103,448 | ▲ 29.7% |
| Amounts payable within one year42/48 | €48,508 | €59,051 | €70,265 | €79,782 | €103,448 | ▲ 29.7% |
| Financial debts43 | €250 | €1,462 | €1,765 | €3,130 | €2,484 | ▼ 20.7% |
| Credit institutions430/8 | €250 | €1,462 | €1,765 | €3,130 | €2,484 | ▼ 20.7% |
| Trade debts44 | €6,172 | €3,206 | €2,322 | €6,289 | €19,859 | ▲ 216% |
| Suppliers440/4 | €6,172 | €3,206 | €2,322 | €6,289 | €19,859 | ▲ 216% |
| Other amounts payable47/48 | €42,086 | €54,382 | €66,177 | €70,363 | €81,106 | ▲ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,206 | €4,321 | €1,961 | €1,334 | €743 | ▼ 44.3% |
| + Depreciation and write-downs630 | - | €73 | €616 | €1,441 | €1,798 | ▲ 24.8% |
| Operating cash flow (approximation) | -€3,206 | €4,394 | €2,576 | €2,775 | €2,541 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | - | €0 | -€5,658 | €0 | ▲ 100% |
| Change in cash | - | €5,489 | €5,754 | €12,515 | €25,723 | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,321
Net result €4,321 after 2 loss-making years.
23-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€13,783
Net result drops to -€13,783, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Fontaine-l'Evêque · 1 establishment unit since 1999
Ground area
1,022 m²
Building footprint
127 m²
Volume, LiDAR
530 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Crombize 10, 7181 Seneffe
since 19992.090.222.811
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52023B1000/00N000 | Wallonia | 534 m² | 1 · 77 m² | 8.1 m · 2 fl. |
| 52020C0382/00S000 | Wallonia | 488 m² | 1 · 51 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,226 companies in sector 47781 we hold annual accounts for 743. 216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465218730
Registered
04-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.