AQUAPIPE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
33 d early
2022
31 d early
2021
33 d early
2020
52 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Constantia HoldCo · 14 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€575,852
EBIT margin
1.9%
Net result
€228,161▲ 1,633%
2022 · €13,167
Working capital
€1.3m▼ 7.5%
2022 · €1.4m
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
Line20192020202120222023
Turnover€575,852
Operating result€225,904▼ 74.3%-€26,092€10,972€24,975▲ 128%€336,518▲ 1,247%
Net result€167,629▼ 70.8%-€23,088-€6,092▲ 73.6%€13,167€228,161▲ 1,633%
EBIT margin1.9%
Equity€856,550▲ 24.3%€833,462▼ 2.7%€827,370▼ 0.7%€840,537▲ 1.6%€1.1m▲ 27.1%
Total assets€937,813▼ 29.2%€908,067▼ 3.2%€951,978▲ 4.8%€1.7m▲ 76.3%€1.5m▼ 11.2%
Debt€81,263▼ 87.2%€74,605▼ 8.2%€124,609▲ 67.0%€837,789▲ 572%€422,040▼ 49.6%
Working capital€856,583▲ 24.3%€833,462▼ 2.7%€827,370▼ 0.7%€1.4m▲ 74.1%€1.3m▼ 7.5%
Why a figure moved sharply
- 2019 Net result -71% on 2018. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 1,247% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €1.5m
Equity
€1.1m ▲ 27.1%
Debt
€422,040 ▼ 49.6%
Debt's share of the balance-sheet total falls from 49.9% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
9.45▲
2022 · 7.06
Quick ratio
4.46▲
2022 · 1.94
Debt to equity
0.39▼
2022 · 1.00
ROE
21.3%▲
2022 · 1.6%
ROA
15.3%▲
2022 · 0.8%
Debt ≤ 1 year
€157,816▼
2022 · €237,588
Debt > 1 year
€260,000▼
2022 · €600,000
Income taxes
€72,465▲
2022 · €7,679
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €575,852 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €565,124 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €837 | - |
| Other operating charges640/8 | - | - | - | €868 | - | - |
| Non-recurring operating charges66A | - | - | €136 | - | - | - |
| Gross operating margin9900 | €226,782 | -€25,224 | €11,108 | €25,843 | €337,355 | ▲ 1,205% |
| Operating profit (loss)9901 | €225,904 | -€26,092 | €10,972 | €24,975 | €336,518 | ▲ 1,247% |
| Financial income75/76B | - | - | €675 | €833 | €36,460 | ▲ 4,276% |
| Recurring financial income75 | €10,689 | €3,171 | €675 | €833 | €36,460 | ▲ 4,276% |
| Financial charges65/66B | - | - | €1,405 | €4,962 | €72,353 | ▲ 1,358% |
| Recurring financial charges65 | €193 | €167 | €1,405 | €4,962 | €72,353 | ▲ 1,358% |
| Profit (loss) for the period before taxes9903 | €236,400 | -€23,088 | €10,242 | €20,846 | €300,626 | ▲ 1,342% |
| Income taxes67/77 | €68,771 | - | €16,333 | €7,679 | €72,465 | ▲ 844% |
| Profit (loss) for the period9904 | €167,629 | -€23,088 | -€6,092 | €13,167 | €228,161 | ▲ 1,633% |
| Transfer from tax-exempt reserves789 | - | - | €89,000 | €89,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €78,629 | -€23,088 | €82,908 | €102,167 | €228,161 | ▲ 123% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €937,813 | €908,067 | €951,978 | €1.7m | €1.5m | ▼ 11.2% |
| Current assets29/58 | €937,813 | €908,067 | €951,978 | €1.7m | €1.5m | ▼ 11.2% |
| Stocks and contracts in progress3 | €340 | - | €42,645 | €1.2m | €787,164 | ▼ 35.3% |
| Stocks30/36 | - | - | €42,645 | €1.2m | €787,164 | ▼ 35.3% |
| Amounts receivable within one year40/41 | €343,093 | €305,835 | €761,401 | €455,742 | €695,183 | ▲ 52.5% |
| Trade receivables40 | - | - | €283,598 | €409,331 | €658,928 | ▲ 61.0% |
| Other amounts receivable41 | - | - | €477,803 | €46,411 | €36,255 | ▼ 21.9% |
| Cash at bank and in hand54/58 | €592,163 | €600,712 | €146,412 | €3,773 | €6,891 | ▲ 82.6% |
| Deferred charges and accrued income490/1 | - | - | €1,520 | €1,520 | €1,500 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €937,813 | €908,067 | €951,978 | €1.7m | €1.5m | ▼ 11.2% |
| Equity10/15 | €856,550 | €833,462 | €827,370 | €840,537 | €1.1m | ▲ 27.1% |
| Contributions10/11 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | = |
| Capital10 | - | - | €105,000 | €105,000 | €105,000 | = |
| Issued capital100 | - | - | €105,000 | €105,000 | €105,000 | = |
| Reserves13 | €750,872 | €727,784 | €727,784 | €735,537 | €963,698 | ▲ 31.0% |
| Non-distributable reserves130/1 | - | - | €10,500 | €10,500 | €10,500 | = |
| Legal reserve130 | - | - | €10,500 | €10,500 | €10,500 | = |
| Tax-exempt reserves132 | - | - | €89,000 | - | - | - |
| Distributable reserves133 | - | - | €628,284 | €725,037 | €953,198 | ▲ 31.5% |
| Profit (loss) carried forward14 | €677 | €677 | -€5,414 | - | - | - |
| Amounts payable17/49 | €81,263 | €74,605 | €124,609 | €837,789 | €422,040 | ▼ 49.6% |
| Amounts payable after more than one year17 | - | - | - | €600,000 | €260,000 | ▼ 56.7% |
| Financial debts170/4 | - | - | - | €600,000 | - | - |
| Other amounts payable178/9 | - | - | - | - | €260,000 | - |
| Amounts payable within one year42/48 | €81,230 | €74,605 | €124,609 | €237,588 | €157,816 | ▼ 33.6% |
| Trade debts44 | €80,835 | €74,605 | €121,874 | €210,573 | €119,052 | ▼ 43.5% |
| Suppliers440/4 | - | - | €121,874 | €210,573 | €119,052 | ▼ 43.5% |
| Taxes, remuneration and social security45 | - | - | €2,735 | €25,517 | €7,679 | ▼ 69.9% |
| Taxes450/3 | - | - | €2,735 | €25,517 | €7,679 | ▼ 69.9% |
| Other amounts payable47/48 | - | - | - | €1,499 | €31,084 | ▲ 1,974% |
| Accrued charges and deferred income492/3 | - | - | - | €200 | €4,224 | ▲ 2,010% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,629 | -€23,088 | -€6,092 | €13,167 | €228,161 | ▲ 1,633% |
| Operating cash flow (approximation) | €167,629 | -€23,088 | -€6,092 | €13,167 | €228,161 | ▲ 1,633% |
| Change in cash | - | €8,549 | -€454,300 | -€142,639 | €3,118 | ▲ 102% |
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
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲27.1%
2 profitable years in a row build equity to €1.1m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €13,167
Net result €13,167 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€23,088
Net result drops to -€23,088, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial
Liquidity times 6current ratio 11.55
Current ratio from 2.08 to 11.55; short-term debt falls from €636,039 to €81,230.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Part of the group
Constantia HoldCo
14 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: Constantia HoldCo. The sources do not say who stands above it.
Owners 1
- EVODISparentSourceaccounts EVODIS 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.