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Aquatropic

Active
Private limited companyfounded 2024active for 2 yearsStaatsbaan 16, 9991 Maldegem, BelgiumKBO/BCE: BE 1011.093.356
Summary

The computed 12-month bankruptcy probability of Aquatropic is 3.4% (moderate). The 2025 annual accounts show equity of €17,772 and a net result of €15,272. Its solvency ranks better than 15% of 12,434 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00436341.

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

Turnover and EBIT margin not published: the abbreviated format 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 92.1% 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
92.1% 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 3.4% 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 497,474 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 74.5% 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 sheet
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.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 27-08-2026 2026-00436341

Similar companies · same sector, comparable size

Of the 210 active companies whose main activity is retail trade (NACE 47527), figures are known for 147. 84 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €585 awarded · €585 paid
Schemes
1 entry · €585 · €585 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.