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AQUATHERM BELUX

Active
Public limited companyfounded 1946active for 80 yearsParc Ind. des Hauts Sarts, 4e av 80, 4040 Herstal, BelgiumKBO/BCE: BE 0403.901.862
Summary

AQUATHERM BELUX has been active since 1946 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €706,164. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 64% of 6,116 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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AQUATHERM BELUXActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46842Wholesale of construction materials, general range NACE 46831
Oldest company in Herstal, Wholesale and retail trade sector2 sites
Size
€3.1mtotal assets 2025
Staff
5 FTE
Equity
€1.8m
Profit
€706,164
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
CERTITUBE INTERNATIONAL · 100%
Accounts 46 days early1 of 5 deeds read
Why 95lowers riskFounded in 1946Size: 5 FTE, total assets €3.1mLiquidity: current ratio 2.18, cash €484,823Equity €1.8m (58.2% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 83-13
equity 58.2% of total assets
Liquidity 59-21
short-term debt 26.3% · cash 15.4%
Profitability 97+22
return on assets 22.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,862 companies, NACE 46, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026highest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.18, compared with 4.47 in 2024, above the usual 1.5; short-term debt: 26.3% and cash: 15.4% of total assets), and 41.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 65% on solvency, 65% on liquidity, 89% on profitability and 17% on growth.

The bankruptcy probability was computed on 21-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1946
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 5 FTE, total assets €3.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.18, cash €484,823
NBB · annual accounts
lowers risk · Equity €1.8m (58.2% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
77 days early
2023
65 days early
2022
17 days early
2021
37 days early
2020
36 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Antoine Hoet (director)Power of attorney
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Result rose in 2025from €171,184 to €706,164 ▲ 313% View
  • Positive: Oldest company in Herstal, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €706,164 8 years View
  • Controlled by CERTITUBE INTERNATIONAL 100% View
  • Active since 1946founded 01-03-1946 80 years View
  • New directorlatest change 12-11-2025 · 1 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€3.1m
Profit
€706,164
Solvency
58.2%
Total assets▼ 8.5%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
CERTITUBE INTERNATIONAL · 100%
  • Antoine HoetManaging director
Go to Board & ownership

Timeline

Events
54
Since
1978
Next accounts
by 31-07-2027
  1. 27-05-2024Annual accounts filed
  2. 14-07-2023Annual accounts filed
  3. 31-12-2022Equity above €2m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale tradeNACE 46842
Founded
01-03-1946
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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