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Complete company report
Generated 05-08-2026
Active BE 1002.226.071Private limited company

Aquasec

Heirweg 65 ·9810 Nazareth-De Pinte, Belgium· 2 yrs active
Sector: Specialised construction (43350)
Conclusion Checked

The computed 12-month bankruptcy probability of Aquasec is 2.9% (moderate). The 2024 annual accounts show equity of €5k and a net result of €2k. Its solvency ranks better than 16% of 11080 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €5k
Net result €2k
Staff (FTE) 0.8
Better than sector 16%
Snowflake analysis 5 axes · computed by Checked
Health56Profitability100Solvency17Growth78Stability82
67 / 100

Strong profile, led by profitability.

Health 56
Profitability 100
Solvency 17
Growth 78
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
2.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
56 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
€0€1k€2k€3k€4kOperating result 2023: €500€500Net result 2023: €500€500Operating result 2024: €4k€4kNet result 2024: €2k€2k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 10.0% 40.9%
better than 16% of 11080 sector peers
Net result €2k €11k
better than 28% of 11062 sector peers
Equity €5k €34k
better than 14% of 11083 sector peers
Gross operating margin €55k €35k
better than 65% of 11053 sector peers
Staff costs €48k €25k
higher than 65% of 4035 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€6k
+703.5% -42% vs sector
Net profit
€2k
+338.8% far above sector median
Cash flow
€5k
+520.7% -51% vs sector
Total assets
€47k
+109.3% -76% vs sector
Equity
€5k
+87.8% -75% vs sector
Working capital
€-2k
+34.8% far below sector median
Employees (FTE)
1
- -76% vs sector
Staff costs
€48k
- +82% vs sector
Income taxes
€1k
- far above sector median
Debt
€42k
+112.0% -77% vs sector
Debt ≤ 1y
€42k
+111.6% -77% vs sector
Current ratio
0.95
+14.3% -5% vs sector
Quick ratio
0.85
+217.5% -12% vs sector
Solvency
10.0%
-10.2% +32% vs sector
Debt / equity
9.01
+12.8% -26% vs sector
ROE
46.8%
+133.6% far above sector median
ROA
4.7%
+109.7% far above sector median
Interest coverage
41.36
- far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€6k
Net profit€2k
Cash flow€5k
Staff costs€48k
Income taxes€1k
Dividends-
Total assets€47k
Equity€5k
Debt€42k
of which ≤ 1y€42k
of which > 1y-
Working capital€-2k
Employees (FTE)0.8
Ratios (computed)
2024
Current ratio0.95
Quick ratio0.85
Working capital ratio-4.7%
Solvency10.0%
Debt / equity9.01
Long-term debt ratio-
Interest coverage41.36
Gross margin-
Net margin-
ROA4.7%
ROE46.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€47k
Fixed assets 21/28€7k
Intangible fixed assets 21€4k
Tangible fixed assets 22/27€3k
Current assets 29/58€40k
Stocks & contracts in progress 3€4k
Amounts receivable within one year 40/41€31k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€47k
Equity 10/15€5k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€3k
Amounts payable 17/49€42k
Amounts payable within one year 42/48€42k
Trade debts payable within one year 44€36k
Income statement
Gross operating margin 9900€55k
Operating result 9901€4k
Financial income 75€8
Financial charges 65€151
Result before taxes 9903€3k
Income taxes 67/77€1k
Net result for the period 9904€2k
Result to be appropriated 9905€2k
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Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43350)
Legal form Private limited company(610)
Incorporation13-11-2023
StatusActive
Postal code9810
Establishment units 1 location
ARTIK
Heirweg 65, 9810 Nazareth-De PinteIsolatiewerkzaamheden
since 20232.354.194.552
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44018A0012/00D000 Flanders 1.3 ha 1 · 6,934 m² 10.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
09-04-2025
State Gazette act Statutes amendment
v3.2
2024
27-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
16-11-2023
State Gazette act Minor change
oprichting · Frank MULLER
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
09-04-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "name_change": {
    "new": "Aquasec",
    "old": "ARTIK",
    "changed": true
  },
  "seat_change": {
    "changed": false
  },
  "object_change": {
    "changed": false
  },
  "subject_company": {
    "kbo": "1002.226.071",
    "name_full": "ARTIK"
  },
  "legal_form_change": {
    "new": "Besloten Vennootschap",
    "old": "Besloten Vennootschap",
    "changed": false
  }
}
2023
16-11-2023 Publication in the Belgian Official Gazette, Minor change Minor change·Frank MULLER
Summary: oprichtingNotary: Frank MULLER · Stekene
Technical details 
{
  "notary": {
    "name": "Frank MULLER",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Stekene",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-16",
    "filing_date": "2023-11-13",
    "act_kind_objet": "OPRICHTING"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2023-11-13",
    "unanimous": true
  },
  "agm_change": null,
  "detected_kind": "oprichting",
  "other_address": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "1002.226.071",
    "name_full": "ARTIK",
    "legal_form": "BV"
  },
  "accounts_deposit": {
    "filing_kind": null,
    "fiscal_year_end": "2023-12-31",
    "filing_reference": null
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "uitgifte van akte"
  ],
  "fiscal_year_change": {
    "new_end_mm_dd": "12-31",
    "old_end_mm_dd": null,
    "new_start_mm_dd": "01-01",
    "old_start_mm_dd": null,
    "first_full_new_year": 2024,
    "transition_period_end": "2023-12-31"
  },
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": false,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Installatie van isolatie43230Isolatiewerkzaamheden43291Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameNL Aquasec
Registered office
Heirweg 65
9810 Nazareth-De Pinte, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative