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Aquatropic

Active
Private limited companyfounded 20242 yrs activeStaatsbaan 16, 9991 Maldegem, BelgiumKBO/BCE: BE 1011.093.356
Summary

The computed 12-month bankruptcy probability of Aquatropic is 1.9% (moderate). The 2025 annual accounts show equity of €17,772 and a net result of €15,272. Its solvency ranks better than 15% of 10552 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability72
Solvency28
Growth-
Track record67
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.2; short-term debt: 64.2% and cash: 0.1% of total assets), and 96.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
3.2%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10552 sector peers (2025).
NBB · sector comparison
Position among 10552 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 1 filing
Deviation from the deadline
2025
27 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Aquatropic was incorporated on 3 July 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€17,772
Total assets
€561,581
Net result
€15,272
Working capital
€71,190

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €561,475
Fixed assets €129,779
Current assets €431,696
Equity and liabilities €561,581
Equity €17,772
Debt €543,808
Debt finances 96.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€85,009
Cash flow
€74,880
Current ratio
1.20
Quick ratio
0.59
Debt to equity
30.60
ROE
85.9%
ROA
2.7%
Interest coverage
13.07
Debt ≤ 1 year
€360,507
Debt > 1 year
€183,302
Income taxes
€4,453
Staff costs
€209,880

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€561,581
Formation expenses20€106
Fixed assets21/28€129,779
Tangible fixed assets22/27€129,779
Plant, machinery and equipment23€114,445
Leasing and similar rights25€15,333
Current assets29/58€431,696
Stocks and contracts in progress3€217,598
Stocks30/36€217,558
Contracts in progress37€40
Amounts receivable within one year40/41€213,658
Trade receivables40€63,579
Other amounts receivable41€150,079
Cash at bank and in hand54/58€440
Equity and liabilities
Total equity and liabilities10/49€561,581
Equity10/15€17,772
Contributions10/11€2,500
Profit (loss) carried forward14€15,272
Amounts payable17/49€543,808
Amounts payable after more than one year17€183,302
Financial debts170/4€183,302
Amounts payable within one year42/48€360,507
Current portion of amounts payable after more than one year42€35,457
Financial debts43€13,381
Credit institutions430/8€13,381
Trade debts44€279,243
Suppliers440/4€279,243
Taxes, remuneration and social security45€32,425
Taxes450/3€12,025
Remuneration and social security454/9€20,400
Income statement Code2025
Remuneration, social security and pensions62€209,880
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,607
Other operating charges640/8€2,046
Non-recurring operating charges66A€1,127
Gross operating margin9900€298,062
Operating profit (loss)9901€25,402
Financial income75/76B€828
Recurring financial income75€828
Financial charges65/66B€6,504
Recurring financial charges65€6,504
Profit (loss) for the period before taxes9903€19,726
Income taxes67/77€4,453
Profit (loss) for the period9904€15,272
Profit (loss) for the period to be appropriated9905€15,272
Appropriation of the result
Profit (loss) to be appropriated9906€15,272
Social balance
Average headcount (FTE)90872.9

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€209,880
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,607
Other operating charges640/8€2,046
Non-recurring operating charges66A€1,127
Gross operating margin9900€298,062
Operating profit (loss)9901€25,402
Financial income75/76B€828
Recurring financial income75€828
Financial charges65/66B€6,504
Recurring financial charges65€6,504
Profit (loss) for the period before taxes9903€19,726
Income taxes67/77€4,453
Profit (loss) for the period9904€15,272
Profit (loss) for the period to be appropriated9905€15,272
Line2025
Assets
Total assets20/58€561,581
Formation expenses20€106
Fixed assets21/28€129,779
Tangible fixed assets22/27€129,779
Plant, machinery and equipment23€114,445
Leasing and similar rights25€15,333
Current assets29/58€431,696
Stocks and contracts in progress3€217,598
Stocks30/36€217,558
Contracts in progress37€40
Amounts receivable within one year40/41€213,658
Trade receivables40€63,579
Other amounts receivable41€150,079
Cash at bank and in hand54/58€440
Equity and liabilities
Total equity and liabilities10/49€561,581
Equity10/15€17,772
Contributions10/11€2,500
Profit (loss) carried forward14€15,272
Amounts payable17/49€543,808
Amounts payable after more than one year17€183,302
Financial debts170/4€183,302
Amounts payable within one year42/48€360,507
Current portion of amounts payable after more than one year42€35,457
Financial debts43€13,381
Credit institutions430/8€13,381
Trade debts44€279,243
Suppliers440/4€279,243
Taxes, remuneration and social security45€32,425
Taxes450/3€12,025
Remuneration and social security454/9€20,400
Line2025
Profit (loss) for the period9904€15,272
+ Depreciation and write-downs630€59,607
Operating cash flow (approximation)€74,880

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,624 m²
Building footprint
445 m²
Volume, LiDAR
2,489 m³
Parcel 43001H0007/00F000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Aquatropic
Staatsbaan 16, 9991 MaldegemManufacture of other builders' carpentry and joinery
since 20242.362.299.002
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43001H0007/00F000 Flanders 1,623 m² 1 · 444 m² 10.0 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Subsidies and aid

Flemish government

2025 · 1 entry · 585 EUR awarded · 585 EUR paid
Year Entries awardedpaid
2025 1 585 EUR585 EUR
Schemes
1 entry · 585 EUR · 585 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 214 companies in this sector we hold annual accounts for 148. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded03-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47527Retail trade
47529Retail trade
16230Manufacture of other builders' carpentry and joinery
47551Retail sale of household furniture
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
90393Specialised image, lighting and sound technical services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011093356
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.