Aqualining
ActiveSummary
The computed 12-month bankruptcy probability of Aqualining is 2.1% (moderate). The 2025 annual accounts show equity of €90k and a net result of €21k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-12
Solvency78▲+1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.85 against 3.71 in 2024; short-term debt: 22.3% and cash: 49.3% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
52.6%
Return on assets
11.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
30 d late
2023
24 d late
2022
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▼ 18.9%
2024 · €112k
Total assets
€172k▼ 20.5%
2024 · €217k
Net result
€21k▼ 56.4%
2024 · €47k
Working capital
€71k▼ 47.2%
2024 · €135k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€32k-€44k▲ 38.9%€59k▲ 34.5%€33k▼ 45.0%
Net result€25k-€34k▲ 37.2%€47k▲ 37.3%€21k▼ 56.4%
Equity€30k-€64k▲ 114%€112k▲ 73.3%€90k▼ 18.9%
Total assets€77k-€126k▲ 64.1%€217k▲ 72.2%€172k▼ 20.5%
Debt€47k-€61k▲ 31.8%€105k▲ 71.1%€82k▼ 22.2%
Working capital€42k-€59k▲ 40.9%€135k▲ 129%€71k▼ 47.2%
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 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€63k ▲ 94.1%
Current assets
€109k ▼ 40.6%
Equity and liabilities €172k
Equity
€90k ▼ 18.9%
Debt
€82k ▼ 22.2%
Debt's share of the balance-sheet total falls from 48.5% to 47.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51k▼
2024 · €74k
Cash flow
€39k▼
2024 · €62k
Current ratio
2.85▼
2024 · 3.71
Quick ratio
2.75▼
2024 · 3.32
Debt to equity
0.90▼
2024 · 0.94
ROE
22.7%▼
2024 · 42.3%
ROA
11.9%▼
2024 · 21.8%
Interest coverage
16.71▼
2024 · 105.68
Debt ≤ 1 year
€38k▼
2024 · €50k
Debt > 1 year
€43k▼
2024 · €55k
Income taxes
€9k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | €14k | €18k | ▲ 26.0% |
| Other operating charges640/8 | €161 | €569 | €12k | €3k | ▼ 71.2% |
| Gross operating margin9900 | €35k | €51k | €86k | €54k | ▼ 36.7% |
| Operating profit (loss)9901 | €32k | €44k | €59k | €33k | ▼ 45.0% |
| Financial income75/76B | €115 | €0 | €2k | €269 | ▼ 89.1% |
| Recurring financial income75 | €115 | €0 | €2k | €269 | ▼ 89.1% |
| Financial charges65/66B | €551 | €365 | €697 | €3k | ▲ 335% |
| Recurring financial charges65 | €551 | €365 | €697 | €3k | ▲ 335% |
| Profit (loss) for the period before taxes9903 | €31k | €44k | €61k | €30k | ▼ 51.1% |
| Income taxes67/77 | €6k | €9k | €14k | €9k | ▼ 33.1% |
| Profit (loss) for the period9904 | €25k | €34k | €47k | €21k | ▼ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €25k | €34k | €47k | €21k | ▼ 56.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €77k | €126k | €217k | €172k | ▼ 20.5% |
| Fixed assets21/28 | €5k | €22k | €32k | €63k | ▲ 94.1% |
| Tangible fixed assets22/27 | €5k | €17k | €27k | €17k | ▼ 37.6% |
| Plant, machinery and equipment23 | €2k | €2k | €5k | €8k | ▲ 63.7% |
| Furniture and vehicles24 | €3k | €15k | €22k | €9k | ▼ 59.4% |
| Financial fixed assets28 | - | €5k | €5k | €46k | ▲ 777% |
| Current assets29/58 | €72k | €104k | €184k | €109k | ▼ 40.6% |
| Stocks and contracts in progress3 | €31k | €80k | €19k | €4k | ▼ 80.4% |
| Stocks30/36 | €31k | €80k | €19k | €4k | ▼ 80.4% |
| Amounts receivable within one year40/41 | €29k | €12k | €13k | €18k | ▲ 34.6% |
| Trade receivables40 | €17k | €8k | €7k | €12k | ▲ 74.7% |
| Other amounts receivable41 | €12k | €4k | €7k | €7k | ▼ 4.2% |
| Cash at bank and in hand54/58 | €12k | €11k | €151k | €85k | ▼ 43.6% |
| Deferred charges and accrued income490/1 | - | €2k | €947 | €3k | ▲ 177% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €77k | €126k | €217k | €172k | ▼ 20.5% |
| Equity10/15 | €30k | €64k | €112k | €90k | ▼ 18.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €25k | €59k | €107k | €85k | ▼ 19.8% |
| Amounts payable17/49 | €47k | €61k | €105k | €82k | ▼ 22.2% |
| Amounts payable after more than one year17 | €12k | €8k | €55k | €43k | ▼ 21.9% |
| Financial debts170/4 | €12k | €8k | €55k | €43k | ▼ 21.9% |
| Amounts payable within one year42/48 | €30k | €45k | €50k | €38k | ▼ 22.6% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €12k | €12k | ▲ 2.8% |
| Trade debts44 | €20k | €7k | €2k | €0 | ▼ 100% |
| Suppliers440/4 | €20k | €7k | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €6k | €15k | €17k | €19k | ▲ 13.2% |
| Taxes450/3 | €6k | €9k | €14k | €16k | ▲ 15.7% |
| Remuneration and social security454/9 | - | €5k | €3k | €3k | ▲ 0.5% |
| Other amounts payable47/48 | - | €19k | €20k | €7k | ▼ 62.1% |
| Accrued charges and deferred income492/3 | €4k | €8k | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €34k | €47k | €21k | ▼ 56.4% |
| + Depreciation and write-downs630 | €3k | €7k | €14k | €18k | ▲ 26.0% |
| Operating cash flow (approximation) | €28k | €41k | €62k | €39k | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | €-24k | €-25k | €-48k | ▼ 97.2% |
| Change in cash | - | €-2k | €140k | €-66k | ▼ 147% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €21k ▼56.4%
Net result drops to €21k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2022net €47k ▲37.3%
Operating result €59k, net result €47k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲73.3%
3 profitable years in a row build equity to €112k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lubbeek · 1 establishment unit since 2021
Ground area
3,640 m²
Building footprint
391 m²
Volume, LiDAR
2,500 m³
Parcel 24063A0058/00R000, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aqualining
since 20212.322.938.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0058/00R000 | Flanders | 3,640 m² | 1 · 391 m² | 17.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
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DADA
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LUCKY TONEL INTERNATIONAL
BE 0818.914.580
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HG CONSTRUCT
BE 0536.698.921
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,234 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
Founded23-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
vpke@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.