AQUASTRUCTO
InactiveAQUASTRUCTO was declared bankrupt on 13-06-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 16-10-2023, published in the Belgian State Gazette on 23-10-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-10-2021, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
89 d late
2019
235 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, abbreviated schema
Equity
€458k▼ 28.7%
2019 · €643k
2018: €661k
2019: €643k
2018 → 2020
Total assets
€1.60M▲ 21.4%
2019 · €1.32M
2018: €1.64M
2019: €1.32M
2018 → 2020
Net result
€-185k▼ 904%
2019 · €-18k
2018: €46k
2019: €-18k
2018 → 2020
Working capital
€419k▼ 29.7%
2019 · €596k
2018: €598k
2019: €596k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€661k-€643k▼ 2.8%€458k▼ 28.7%
Operating result€64k-€-22k€-205k▼ 833%
Net result€46k-€-18k€-185k▼ 904%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €205k in 2020 against €22k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.60M
Fixed assets
€56k▲ 21.0%
Current assets
€1.55M▲ 21.5%
Equity and liabilities €1.60M
Equity
€458k▼ 28.7%
Debt
€1.15M▲ 68.9%
The debt ratio rises from 51.4% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-186k▼
2019 · €-6k
Cash flow
€-165k▼
2019 · €-2k
Solvency
28.5%▼
2019 · 48.6%
Current ratio
1.37▼
2019 · 1.88
Quick ratio
1.37▼
2019 · 1.88
ROE
-40.3%▼
2019 · -2.9%
ROA
-11.5%▼
2019 · -1.4%
Debt
€1.15M▲
2019 · €679k
Debt ≤ 1 year
€1.13M▲
2019 · €679k
Income taxes
€495
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€1.32M€1.60M▲
Fixed assets21/28€47k€56k▲
Tangible fixed assets22/27€36k€46k▲
Financial fixed assets28€10k€10k=
Current assets29/58€1.27M€1.55M▲
Stocks and contracts in progress3€372k€119k▼
Amounts receivable within one year40/41€898k€1.05M▲
Cash at bank and in hand54/58€5k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.60M▲
Equity10/15€643k€458k▼
Contributions10/11€62k€62k=
Reserves13€581k€396k▼
Profit (loss) carried forward14€96k€96k=
Amounts payable17/49€679k€1.15M▲
Amounts payable within one year42/48€679k€1.13M▲
Trade debts44€294k€327k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Gross operating margin9900€246k€52k▼
Operating profit (loss)9901€-22k€-205k▼
Recurring financial income75€7k€24k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-18k€-184k▼
Income taxes67/77-€495
Profit (loss) for the period9904€-18k€-185k▼
Profit (loss) for the period to be appropriated9905€-18k€-185k▼
Timeline · acts, filings and financial milestones
2023
23-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · AQUASTRUCTO NV DRUKPERSSTRAAT 4, 1000 BRUSSEL 1 · event 16-10-2023
2022
20-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · AQUASTRUCTO NV DRUK- PERSSTRAAT 4, 1000 BRUSSEL 1 · event 13-06-2022
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 235 days late
2020
31-12
Financial
Weakest financial yearnet €-185k
Net result drops to €-185k, the lowest in the series.
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 300 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 357 days late
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 149 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
13-06-2022 → present |