Summary
Ex-Aqua is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €253,854 and a net result of €66,237. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 9866 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
20 d early
2022
21 d early
2021
33 d early
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€253,854▲ 35.3%
2023 · €187,617
Net result
€66,237▲ 15.3%
2023 · €57,466
Total assets
€263,034▲ 28.8%
2023 · €204,202
Solvency
96.5%▲ 4.6pp
2023 · 91.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,043-€68,896▲ 199%€64,118▼ 6.9%€71,200▲ 11.0%€81,585▲ 14.6%
Net result€18,356within the sector's middle half-€55,129within the sector's middle half▲ 200%€51,667within the sector's middle half▼ 6.3%€57,466within the sector's middle half▲ 11.2%€66,237within the sector's middle half▲ 15.3%
Equity€23,356below the sector's middle half-€78,484within the sector's middle half▲ 236%€130,151within the sector's middle half▲ 65.8%€187,617within the sector's middle half▲ 44.2%€253,854within the sector's middle half▲ 35.3%
Total assets€39,740below the sector's middle half-€105,751below the sector's middle half▲ 166%€173,348within the sector's middle half▲ 63.9%€204,202within the sector's middle half▲ 17.8%€263,034within the sector's middle half▲ 28.8%
Debt€16,385-€27,267▲ 66.4%€43,197▲ 58.4%€16,585▼ 61.6%€9,180▼ 44.7%
Working capital€22,449-€77,057▲ 243%€106,868▲ 38.7%€157,482▲ 47.4%€222,303▲ 41.2%
Solvency58.8%within the sector's middle half-74.2%within the sector's middle half▲ 15.4pp75.1%within the sector's middle half▲ 0.9pp91.9%above the sector's middle half▲ 16.8pp96.5%above the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263,034
Fixed assets
€31,551 ▲ 4.7%
Current assets
€231,482 ▲ 33.0%
Equity and liabilities €263,034
Equity
€253,854 ▲ 35.3%
Debt
€9,180 ▼ 44.7%
Debt's share of the balance-sheet total falls from 8.1% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.1%▼
2023 · 30.6%
ROA
25.2%▼
2023 · 28.1%
Debt ≤ 1 year
€9,180▼
2023 · €16,585
Income taxes
€16,549▲
2023 · €14,481
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €196 | €1,399 | €640 | €640 | €191 | ▼ 70.1% |
| Other operating charges640/8 | - | €62 | €62 | €92 | €896 | ▲ 874% |
| Gross operating margin9900 | €23,239 | €70,358 | €64,820 | €71,932 | €82,672 | ▲ 14.9% |
| Operating profit (loss)9901 | €23,043 | €68,896 | €64,118 | €71,200 | €81,585 | ▲ 14.6% |
| Financial income75/76B | - | - | €746 | €1,372 | €1,419 | ▲ 3.5% |
| Recurring financial income75 | - | - | €746 | €1,372 | €1,419 | ▲ 3.5% |
| Financial charges65/66B | - | €74 | €268 | €624 | €219 | ▼ 64.9% |
| Recurring financial charges65 | €61 | €74 | €268 | €624 | €219 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €22,983 | €68,822 | €64,596 | €71,947 | €82,785 | ▲ 15.1% |
| Income taxes67/77 | €4,627 | €13,693 | €12,930 | €14,481 | €16,549 | ▲ 14.3% |
| Profit (loss) for the period9904 | €18,356 | €55,129 | €51,667 | €57,466 | €66,237 | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €18,356 | €55,129 | €51,667 | €57,466 | €66,237 | ▲ 15.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,740 | €105,751 | €173,348 | €204,202 | €263,034 | ▲ 28.8% |
| Formation expenses20 | €907 | €0 | - | - | - | - |
| Fixed assets21/28 | - | €1,427 | €23,283 | €30,136 | €31,551 | ▲ 4.7% |
| Tangible fixed assets22/27 | - | €1,427 | €787 | €147 | €1,563 | ▲ 961% |
| Furniture and vehicles24 | - | €1,427 | €787 | €147 | €1,563 | ▲ 961% |
| Financial fixed assets28 | - | - | €22,496 | €29,988 | €29,988 | = |
| Current assets29/58 | €38,834 | €104,324 | €150,064 | €174,067 | €231,482 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €13,161 | €12,700 | €66,267 | €133,678 | €44,018 | ▼ 67.1% |
| Trade receivables40 | - | €12,500 | €42,750 | €105,875 | €16,335 | ▼ 84.6% |
| Other amounts receivable41 | - | €200 | €23,517 | €27,803 | €27,683 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €25,673 | €91,592 | €83,597 | €40,189 | €187,465 | ▲ 366% |
| Deferred charges and accrued income490/1 | - | €32 | €200 | €200 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,740 | €105,751 | €173,348 | €204,202 | €263,034 | ▲ 28.8% |
| Equity10/15 | €23,356 | €78,484 | €130,151 | €187,617 | €253,854 | ▲ 35.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €18,356 | €73,484 | €125,151 | €182,617 | €248,854 | ▲ 36.3% |
| Distributable reserves133 | - | €73,484 | €125,151 | €182,617 | €248,854 | ▲ 36.3% |
| Amounts payable17/49 | €16,385 | €27,267 | €43,197 | €16,585 | €9,180 | ▼ 44.7% |
| Amounts payable within one year42/48 | €16,385 | €27,267 | €43,197 | €16,585 | €9,180 | ▼ 44.7% |
| Trade debts44 | €2,446 | €1,172 | €21,775 | €1,189 | €1,181 | ▼ 0.6% |
| Suppliers440/4 | - | €1,172 | €21,775 | €1,189 | €1,181 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | €26,095 | €21,421 | €15,396 | €7,998 | ▼ 48.1% |
| Taxes450/3 | - | €26,095 | €21,421 | €15,396 | €7,998 | ▼ 48.1% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,356 | €55,129 | €51,667 | €57,466 | €66,237 | ▲ 15.3% |
| + Depreciation and write-downs630 | €196 | €1,399 | €640 | €640 | €191 | ▼ 70.1% |
| Operating cash flow (approximation) | €18,551 | €56,528 | €52,307 | €58,106 | €66,428 | ▲ 14.3% |
| Investment in fixed assets (approximation) | - | - | -€22,496 | -€7,492 | -€1,607 | ▲ 78.6% |
| Change in cash | - | €65,919 | -€7,995 | -€43,408 | €147,275 | ▲ 439% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €66,237 ▲15.3%
Operating result €81,585, net result €66,237, both a record.
31-12
Financial
Liquidity doublescurrent ratio 25.22
Current ratio from 10.50 to 25.22; short-term debt falls from €16,585 to €9,180.
31-12
Financial
Equity above €200,000Eq €253,854 ▲35.3%
5 profitable years in a row build equity to €253,854.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 10.50
Current ratio from 3.47 to 10.50; short-term debt falls from €43,197 to €16,585.
31-12
Financial
Equity above €150,000Eq €187,617 ▲44.2%
4 profitable years in a row build equity to €187,617.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €130,151 ▲65.8%
3 profitable years in a row build equity to €130,151.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
07-01
State Gazette act
Share issue · Statutes amendment
Capital increase · Bank account
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 act for this company is 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, Lommel · 1 establishment unit since 2020
Ground area
4,668 m²
Building footprint
2,972 m²
Volume, LiDAR
20,567 m³
Parcel 72020C1408/00V017, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ex-Aqua
since 20202.309.158.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1408/00V017 | Flanders | 4,668 m² | 1 · 2,972 m² | 8.1 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
0.14%
According to the 2024 annual accounts of Ex-Aqua and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,679 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
stephanvanhoof@ex-aqua.be
E-mail
stephanvanhoof@ex-aqua.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757554459
Also
9925:BE0757554459
Registered
28-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.