AQUASOURCA Belgique
ActiveSummary
AQUASOURCA Belgique has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.90M and a net result of €-377k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-4
Solvency77▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.15 in 2023; short-term debt: 48.4% and cash: 0.5% of total assets), and 48.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.6%
Return on assets
-6.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-377k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
30 d late
2022
2 d early
2021
30 d late
2020
40 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2.90M▼ 11.5%
2023 · €3.28M
2018: €4.12M
2019: €3.98M
2020: €3.86M
2021: €3.72M
2022: €3.51M
2023: €3.28M
2018 → 2024
Total assets
€5.62M▲ 0.1%
2023 · €5.61M
2018: €6.65M
2019: €7.01M
2020: €6.96M
2021: €6.99M
2022: €6.00M
2023: €5.61M
2018 → 2024
Net result
€-377k▼ 62.7%
2023 · €-232k
2018: €-131k
2019: €-140k
2020: €-122k
2021: €-142k
2022: €-207k
2023: €-232k
2018 → 2024
Working capital
€-2.38M▼ 20.3%
2023 · €-1.98M
2018: €-1.13M
2019: €-1.26M
2020: €-1.39M
2021: €-1.56M
2022: €-1.75M
2023: €-1.98M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.86M-€3.72M▼ 3.7%€3.51M▼ 5.6%€3.28M▼ 6.6%€2.90M▼ 11.5%
Operating result€-115k-€-135k▼ 17.1%€-194k▼ 44.2%€-244k▼ 25.4%€-278k▼ 14.1%
Net result€-122k-€-142k▼ 16.5%€-207k▼ 45.2%€-232k▼ 12.0%€-377k▼ 62.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €278k in 2024 against €244k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.62M
Fixed assets
€5.28M ▲ 0.4%
Current assets
€340k ▼ 4.2%
Equity and liabilities €5.62M
Equity
€2.90M ▼ 11.5%
Debt
€2.72M ▲ 16.5%
Debt's share of the balance-sheet total rises from 41.6% to 48.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-269k▼
2023 · €-234k
Cash flow
€-368k▼
2023 · €-222k
Current ratio
0.12▼
2023 · 0.15
Debt to equity
0.94▲
2023 · 0.71
ROE
-13.0%▼
2023 · -7.1%
ROA
-6.7%▼
2023 · -4.1%
Interest coverage
-2.45▲
2023 · -182.51
Debt ≤ 1 year
€2.72M▲
2023 · €2.33M
Income taxes
€369▼
2023 · €462
Staff costs
€245k▲
2023 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.61M€5.62M▲
Fixed assets21/28€5.26M€5.28M▲
Tangible fixed assets22/27€25k€48k▲
Furniture and vehicles24€20k€48k▲
Assets under construction and advance payments27€6k-
Financial fixed assets28€5.23M€5.23M=
Current assets29/58€355k€340k▼
Amounts receivable within one year40/41€280k€311k▲
Other amounts receivable41€280k€311k▲
Cash at bank and in hand54/58€61k€28k▼
Deferred charges and accrued income490/1€14k€500▼
Equity and liabilities
Total equity and liabilities10/49€5.61M€5.62M▲
Equity10/15€3.28M€2.90M▼
Contributions10/11€4.96M€4.96M=
Capital10€4.96M€4.96M=
Issued capital100€4.96M€4.96M=
Profit (loss) carried forward14€-1.68M€-2.06M▼
Amounts payable17/49€2.33M€2.72M▲
Amounts payable within one year42/48€2.33M€2.72M▲
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€43k€56k▲
Taxes450/3€15k€15k▲
Remuneration and social security454/9€28k€41k▲
Other amounts payable47/48€2.28M€2.66M▲
Accrued charges and deferred income492/3€1k€66▼
Income statement
Code20232024
Remuneration, social security and pensions62€199k€245k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-33k€-22k▲
Operating profit (loss)9901€-244k€-278k▼
Financial income75/76B€14k€11k▼
Recurring financial income75€14k€11k▼
Financial charges65/66B€1k€110k▲
Recurring financial charges65€1k€110k▲
Profit (loss) for the period before taxes9903€-231k€-377k▼
Income taxes67/77€462€369▼
Profit (loss) for the period9904€-232k€-377k▼
Profit (loss) for the period to be appropriated9905€-232k€-377k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.68M€-2.06M▼
Profit (loss) brought forward from the previous period14P€-1.45M€-1.68M▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-377k
Net result drops to €-377k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are 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, Brussel · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 2511050 BrusselGround area
1,574 m²
Building footprint
1,579 m²
Volume, LiDAR
46,471 m³
Parcel 21807G0135/00T003, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 251, 1050 Elsene
since 20112.204.709.436
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0809.791.929
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Société de Participations Rossel-Hurbain
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Brussel · Eq €2,902,134
FINICOMA
BE 0668.547.457
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VPIV
BE 0782.841.666
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 16,180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.