Aqualion
ActiveSummary
Aqualion has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,319 and a net result of €33,862. Equity has been growing by about 42% per year since 2023. Its solvency ranks better than 76% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-07-2023 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.347.645.963 2640 Mortsel, since 18-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €74,580
- ▼ 36.3%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €33,862
- ▼ 54.0%
- Equity
- €162,319
- ▲ 26.4%
- Total assets
- €206,486
- ▲ 28.5%
Score breakdownlowers riskLiquidity: current ratio 4.32, cash €184,819Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €162,319 (78.6% of total assets)Size: total assets €206,486Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 86% on liquidity, 59% on profitability and 71% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 18 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 46% lower than in 2024 and the lowest since 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €65,000 | €7,650 | - |
| Depreciation and write-downs of the year | €9,973 | €23,400 | €23,618 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,973 | €23,400 | €23,618 | ▲ 0.9% |
| Other operating charges640/8 | - | €906 | €520 | ▼ 42.6% |
| Gross operating margin9900 | €74,468 | €117,138 | €74,580 | ▼ 36.3% |
| Operating profit (loss)9901 | €64,496 | €92,833 | €50,442 | ▼ 45.7% |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €6 | €233 | €2,861 | ▲ 12× |
| Recurring financial charges65 | €6 | €233 | €2,861 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €64,490 | €92,600 | €47,582 | ▼ 48.6% |
| Income taxes67/77 | €13,023 | €18,918 | €13,719 | ▼ 27.5% |
| Profit (loss) for the period9904 | €51,466 | €73,682 | €33,862 | ▼ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €51,466 | €73,682 | €33,862 | ▼ 54.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €128,696 | €160,678 | €206,486 | ▲ 28.5% |
| Fixed assets21/28 | €55,027 | €39,278 | €15,659 | ▼ 60.1% |
| Tangible fixed assets22/27 | €55,027 | €39,278 | €15,659 | ▼ 60.1% |
| Plant, machinery and equipment23 | - | €1,178 | €593 | ▼ 49.7% |
| Furniture and vehicles24 | €55,027 | €34,485 | €12,352 | ▼ 64.2% |
| Other tangible fixed assets26 | - | €3,615 | €2,715 | ▼ 24.9% |
| Current assets29/58 | €73,669 | €121,400 | €190,826 | ▲ 57.2% |
| Amounts receivable within one year40/41 | €24,200 | €18,844 | €4,047 | ▼ 78.5% |
| Trade receivables40 | €24,200 | €0 | - | - |
| Other amounts receivable41 | - | €18,844 | €4,047 | ▼ 78.5% |
| Cash at bank and in hand54/58 | €46,136 | €101,133 | €184,819 | ▲ 82.7% |
| Deferred charges and accrued income490/1 | €3,332 | €1,424 | €1,960 | ▲ 37.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €128,696 | €160,678 | €206,486 | ▲ 28.5% |
| Equity10/15 | €55,633 | €128,456 | €162,319 | ▲ 26.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €50,633 | €123,456 | €157,319 | ▲ 27.4% |
| Distributable reserves133 | €50,633 | €123,456 | €157,319 | ▲ 27.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €73,063 | €32,222 | €44,167 | ▲ 37.1% |
| Amounts payable within one year42/48 | €73,063 | €32,222 | €44,167 | ▲ 37.1% |
| Financial debts43 | €499 | €964 | €1,891 | ▲ 96.2% |
| Credit institutions430/8 | €499 | €964 | €1,891 | ▲ 96.2% |
| Trade debts44 | €3,413 | €1,784 | €747 | ▼ 58.1% |
| Suppliers440/4 | €3,413 | €1,784 | €747 | ▼ 58.1% |
| Taxes, remuneration and social security45 | €12,943 | €2,000 | €1,906 | ▼ 4.7% |
| Taxes450/3 | €10,943 | €0 | €1,906 | - |
| Remuneration and social security454/9 | €2,000 | €2,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | €56,208 | €27,474 | €39,623 | ▲ 44.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,466 | €73,682 | €33,862 | ▼ 54.0% |
| + Depreciation and write-downs630 | €9,973 | €23,400 | €23,618 | ▲ 0.9% |
| Operating cash flow (approximation) | €61,439 | €97,081 | €57,481 | ▼ 40.8% |
| Investment in fixed assets (approximation) | - | -€7,650 | €0 | - |
| Change in cash | - | €54,996 | €83,687 | ▲ 52.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Aqualion has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of Aqualion itself is lower: < 0.1% within 12 months. It rests on far more data about Aqualion than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Aqualion. 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.
Board & ownership
Directors
Other functions 1
Owners and capital
Shareholders
- Fransen,Patrick €5,000 in cash
Capital transactions
- 20-07-2023 Incorporation · €5,000
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Ieder voor helft, niet-tegenwerpelijkheid”
Articles of association, deed of 20-07-2023 (in Dutch)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
20-07
Gazette deed
IncorporationStarting capital €5,000 · Appointment: Fransen,Patrick (niet statutairbestuurder) · Registered office clause · Founder5 points ▸
- Registered office clause, “2640Mortsel,Lusthovenlaan19” (deed in Dutch)
- Director appointment, Fransen,Patrick (niet statutairbestuurder)
- Incorporation, “Aqualion” (deed in Dutch)
- Founder, Fransen,Patrick
- Founding capital, €5,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
28 activities
- Het verstrekken van adviezen en het leveren van diensten aan ondernemingen,vennootschappen en natuurlijke- en rechtspersonen op het vlak van marketing,public-relations,reclame,evenementen,communicatie,teambuilding,alle mogelijke vormen van coaching (leadership coaching,life coaching,mental coaching,enzovoort),alsook het voorbereiden en geven van trainingen,seminaries en lessen op enigerlei vlak; het aankopen,verkopen,verhuren,bewerken,ter beschikking stellen,van alle mogelijke trainings- en cursuspakketten evenals de aanverwante toestellen en uitrustingen
- Bijstand en diensten verlenen van administratieve aard,in de ruimste zin van het woord,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie,marketing,management en algemeen bestuur
- Het ontwerpen,organiseren en voeren van reclame- en promotiecampagnes,marketingprestaties en marktonderzoeken
- Het uitvoeren van om het even welke activiteiten,verband houdende met: informatica,systeemintegratie en met organisatie en methoden,zoals onder meer systeemontwerp,systeemanalyse,programmering,installatie,training,projectbegeleiding en advies
- Telecommunicatie,internet toepassingen,e commerce,hosting,webdesign
- Engineering
- Projectengineering en coördinatie
- Project implementatie en opvolging
- Werfopvolging
- Project- en qualitycontrol
- Studiebureau,dit alles in de meest ruime zin van het woord
- Zij kan licenties,patenten en octrooien nemen,kopen,verkopen,huren,verhuren,leasen en ter beschikking stellen
- Het geven van taalopleidingen,in welke taal dan ook,zowel aan particulieren,ondernemingen als aan scholen. Het opstellen,corrigeren en vertalen van alle soorten documenten in eender welke taal. Het verstrekken van advies inzake onderwijs en management
- Het voeren van activiteiten,verband houdende met toerisme,onder meer het verkopen en organiseren van tours in binnen en buitenland evenals de overeenkomstige nevenactiviteiten
- De uitbating van Bed & Breakfast,gastenkamers en aanverwante
- Het organiseren van cursussen,opleidingen,trainingen,beurzen en tentoonstellingen in om het even welke tak van de watersport
- Het promoten,stimuleren,organiseren,deelnemen aan en uitvoeren van nautische evenementen,inzonderheid windsurfen
- Het bewerkstelligen van contacten in de watersportwereld
- Het aankopen,verkopen,huren,verhuren,ontwerpen,bewerken van alle artikelen met betrekking tot de watersport en vrije tijd
- Het importeren en exporteren van goederen waaronder consumptiegoederen
- Klein- en groothandel,aankoop,verkoop,huren en verhuren,ontwerpen,design van alle textielwaren en toebehoren,inzonderheid kledij,alsmede het bewerken van deze goederen en toebehoren. Activiteiten met betrekking tot styling en re-styling
- Orthopedagogiek: begeleiding,hulp bieden aan kinderen,jong volwassenen en volwassenen met leer- en/of gedragsproblemen. Het geven van adviezen,het opstellen en opvolgen van een behandel- en begeleidingsplan om hun situatie te verbeteren
- Het waarnemen van alle bestuurs- en controleopdrachten,het uitoefenen van managementopdrachten en–functies
- De vennootschap mag tevens roerende en onroerende goederen ter beschikking stellen van andere vennootschappen,zaakvoerders,bestuurders en derden
- De aan- en verkoop,doorverkoop,huur,verhuur,transformatie,projectontwikkeling,renovatie,de binnenhuisinrichting en decoratie,en beheer voor eigen rekening of voor rekening van derden,van alle onroerende goederen
- A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- B) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
- C) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11513C0129/00C007 | Flanders | 451 m² | 1 · 94 m² | 9.1 m · 2 |