Result
€904 €904
Back in profit in 2025, after a loss of €62,247 in 2024.
AQUA PRODUCTION
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988Gross marginpeak €494,319 (2009)
€354,475▼ 0.6%
Resultlowest -€62,247 (2024)
€904▲ €63,150
Equitypeak €251,926 (2010)
€188,093▲ 0.4%
Debts
€383,661▲ 14.6%
Staffpeak 12.5 FTE (2009)
6.1 FTE▼ 21.8%
Board3 names since 2021
1 directorJérémy ETIEN
Owners
10%JETIMAX
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Back to profit: €904Staff from 7.8 FTE to 6.1 FTECash from €19,645 to €47,780
Key points
from the 2025 annual accountsTurnover
≈ €840,000 estimated
The accounts state no turnover.
Staff
6.1 FTE from 12.5 in 2009
Between 2009 and 2025, 51% of the full-time equivalents disappeared.
2025 accounts filed 28 days after the deadline
Checked score
68
Healthy
Financially stronger than 39% of micro companies in fishing and aquaculture (NACE 03)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 98 companies (NACE 03, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%▼ -0.1 percentage points vs 05-2025
07-2025: 2.4%▲ +1.8 percentage points vs 06-2025
08-2025: 2.4%● unchanged vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.5%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.4%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026
08-2026: 3.4%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 0.8%▼ -2.6 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Size: 6.1 FTE, total assets €571,755
Sector: Fishing and aquaculture (NACE 03)
lowers risk
Founded in 1988
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 03, micro). It does better than 45% of them on solvency, 13% on liquidity, 36% on profitability and 62% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as AQUA PRODUCTION has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AQUA PRODUCTION itself: 0.8% within 12 months.
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 17,041 companies, not a prediction for AQUA PRODUCTION. 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.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.39 (1.41 in 2024), below the usual 1.5. Short-term debt is 67.1% and cash 8.4% of total assets. 67.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Four signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
43 days early
2023
68 days early
2022
126 days early
2021
47 days early
2020
135 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 03), the median for financial year 2024 was 10 days after the deadline, and 55% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 accounts filed within 75 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JETIMAX 10%score 83equity €29,899 (2025) · 30-09-2025 annual accounts of JETIMAX
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0433061250
Change of role: Bruno Jurdant, from director to technical director
General meeting of 26-09-2022 · Gazette deed
Appointment: Jérémy ETIEN (director)
General meeting of 30-03-2022 · Gazette deed
New director
JURDANT Bruno appointed, gérant démissionnaire resigned · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: gérant démissionnaire · General meeting of 04-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| AQUA PRODUCTION Wavre | €0.6m | €354,475 | 32.9% | 6.1 |
| Hexapoda Waremme | €0.4m | €327,386 | 58.6% | - |
| FISCHZUCHT OURTAL Burg-Reuland | €1.8m | €485,019 | -5.9% | 7.7 |
| FREDERIC HENRY - PISCICULTURES DE WALLONIE Rochefort | €0.6m | €94,606 | 41.2% | - |
| TRANSPORTSERVICE Torhout | €0.7m | €49,270 | 50.3% | - |
| MATHONET Malmedy | €0.3m | €111,574 | -156.3% | - |
| Aquafarm Zonhoven | €0.4m | €53,881 | 84.4% | - |
These companies have the same main activity as AQUA PRODUCTION: fishing and aquaculture (NACE 03220). They are comparable in size and age: total assets between €275,000 and €1.8m, founded between 1981 and 2003.
Official details
Source: KBO- Status
- Active since 06-01-1988Normal situation
- Activity
- Fishing and aquacultureNACE 03220and 1 other
- Joint committee
- 145Horticulture · annual accounts 2025
- Establishment unit
- 2.033.354.6791300 Wavre, since 21-01-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2026
Annual accounts 2025
- Total assets
- €571,755▲ 9.5%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 28-08-2026
Insights on AQUA PRODUCTION
AQUA PRODUCTION files the abbreviated format. That format states no turnover. The gross margin fell from €379,583 in 2006 to €354,475 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AQUA PRODUCTION
- What is the company number of AQUA PRODUCTION?
- The company number of AQUA PRODUCTION is 0433.061.250. The VAT number is the same number with BE in front: BE 0433.061.250.
- Where is AQUA PRODUCTION based?
- The registered office is at Chemin du Seucha 20, 1300 Wavre.Company details
- What does AQUA PRODUCTION do?
- According to the KBO register, the main activity is fishing and aquaculture (NACE 03220).
- What is the legal form of AQUA PRODUCTION?
- AQUA PRODUCTION is a private limited company (BV).
- When was AQUA PRODUCTION founded?
- AQUA PRODUCTION was founded on 06-01-1988.
- Is AQUA PRODUCTION still active?
- Yes, AQUA PRODUCTION is an active enterprise in the KBO register.
- How many employees does AQUA PRODUCTION have?
- AQUA PRODUCTION had an average of 6.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does AQUA PRODUCTION fall under?
- In its 2025 annual accounts, AQUA PRODUCTION states joint committee 145 (Horticulture).
- What is the turnover of AQUA PRODUCTION?
- The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €354,475 and 2,281 comparable companies of the same size. It probably lies between €500,000 and €1.4m. It is a rough estimate.
- Is AQUA PRODUCTION profitable?
- In financial year 2025, AQUA PRODUCTION made a profit of €904.
- Where can I find the annual accounts of AQUA PRODUCTION?
- AQUA PRODUCTION filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AQUA PRODUCTION due?
- AQUA PRODUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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