AQUATHERM TECHNICS
ActiveAQUATHERM TECHNICS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €16k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency54▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.47 in 2024; short-term debt: 16% and cash: 2.3% of total assets), and 71.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.8%
Return on assets
5.3%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
41 d early
2022
40 d early
2021
38 d early
2020
36 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 22.4%
2024 · €70k
2018: €49k
2019: €60k
2020: €46k
2021: €55k
2022: €72k
2023: €61k
2024: €70k
2018 → 2025
Total assets
€296k▲ 3.1%
2024 · €287k
2018: €155k
2019: €175k
2020: €305k
2021: €302k
2022: €298k
2023: €322k
2024: €287k
2018 → 2025
Net result
€16k▲ 91.7%
2024 · €8k
2018: €4k
2019: €18k
2020: €-14k
2021: €9k
2022: €18k
2023: €23k
2024: €8k
2018 → 2025
Working capital
€-27k▼ 0.7%
2024 · €-27k
2018: €27k
2019: €38k
2020: €338
2021: €4k
2022: €10k
2023: €-20k
2024: €-27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€72k▲ 32.1%€61k▼ 15.1%€70k▲ 13.2%€85k▲ 22.4%
Operating result€13k-€25k▲ 98.2%€39k▲ 53.4%€15k▼ 61.0%€27k▲ 76.6%
Net result€9k-€18k▲ 104%€23k▲ 29.8%€8k▼ 64.3%€16k▲ 91.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296k
Fixed assets
€275k▲ 4.6%
Current assets
€20k▼ 13.3%
Equity and liabilities €296k
Equity
€85k▲ 22.4%
Debt
€211k▼ 3.0%
The debt ratio falls from 75.7% to 71.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €23k
Cash flow
€30k▲
2024 · €16k
Solvency
28.8%▲
2024 · 24.3%
Current ratio
0.43▼
2024 · 0.47
Quick ratio
0.43▼
2024 · 0.47
Debt / equity
2.47▼
2024 · 3.12
ROE
18.3%▲
2024 · 11.7%
ROA
5.3%▲
2024 · 2.8%
Interest coverage
9.45▲
2024 · 5.81
Debt
€211k▼
2024 · €217k
Debt ≤ 1 year
€47k▼
2024 · €50k
Debt > 1 year
€159k▼
2024 · €163k
Income taxes
€7k▲
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€287k€296k▲
Fixed assets21/28€263k€275k▲
Tangible fixed assets22/27€263k€275k▲
Land and buildings22€262k€255k▼
Plant, machinery and equipment23€1k€649▼
Furniture and vehicles24-€20k
Financial fixed assets28€50€50=
Current assets29/58€23k€20k▼
Amounts receivable after more than one year29€9k€7k▼
Other amounts receivable291€9k€7k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€137€3k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€287k€296k▲
Equity10/15€70k€85k▲
Contributions10/11€15k€15k=
Reserves13€55k€70k▲
Distributable reserves133€55k€70k▲
Amounts payable17/49€217k€211k▼
Amounts payable after more than one year17€163k€159k▼
Financial debts170/4€163k€159k▼
Amounts payable within one year42/48€50k€47k▼
Current portion of amounts payable after more than one year42€21k€27k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€4k€44▼
Taxes450/3€4k€44▼
Other amounts payable47/48€21k€19k▼
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€14k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€25k€43k▲
Operating profit (loss)9901€15k€27k▲
Financial income75/76B€263€568▲
Recurring financial income75€263€568▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€12k€23k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€8k€16k▲
Profit (loss) for the period to be appropriated9905€8k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€16k▲
Transfer to equity691/2€8k€16k▲
To other reserves6921€8k€16k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €23k ▲29.8%
Operating result €39k, net result €23k, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-14k ▼176%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oudenaarde · 1 establishment unit since 2014
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.
Gevaertsdreef 1019700 OudenaardeGround area
141 m²
Building footprint
124 m²
Volume, LiDAR
728 m³
Parcel 45035A0037/02F014, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aquatherm Technics
since 20142.234.646.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035A0037/02F014 | Flanders | 141 m² | 1 · 124 m² | 9.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 490 EUR awarded · 700 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 99 EUR |
| 2024 | 1 | 57 EUR | 57 EUR |
| 2023 | 1 | 95 EUR | 305 EUR |
| 2022 | 1 | 239 EUR | 239 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
SECULYN TECHNICS
BE 0600.892.036
Heusden-Zolder · Eq €85k
Technieken De Jaegher
BE 0717.813.262
Erpe-Mere · Eq €85k
TORTECHNIK HEEREN
BE 0767.451.330
Eupen · Eq €85k
LEOCATA CARMELO
BE 0896.266.835
Namur · Eq €85k
Dotronix
BE 0832.698.577
Mol · Eq €85k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2014
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.