NOAQUA
ActiveThe computed 12-month bankruptcy probability of NOAQUA is 1.8% (moderate). The 2025 annual accounts show equity of €211k and a net result of €46k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 7760 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-2
Solvency53▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.76 in 2024; short-term debt: 41% and cash: 17.3% of total assets), but 71.6% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
28.4%
Return on assets
6.2%
Age of the figures
9 mo
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 14-04-2026, 108 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
108 d early
2024
38 d early
2023
28 d early
2022
14 d early
2021
2 d early
2020
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€211k▼ 2.0%
2024 · €216k
2020: €15k
2021: €74k
2022: €93k
2023: €162k
2024: €216k
2020 → 2025
Total assets
€743k▲ 0.6%
2024 · €739k
2020: €482k
2021: €604k
2022: €746k
2023: €749k
2024: €739k
2020 → 2025
Net result
€46k▼ 15.0%
2024 · €54k
2020: €10k
2021: €59k
2022: €18k
2023: €69k
2024: €54k
2020 → 2025
Working capital
€189k▲ 1.6%
2024 · €186k
2020: €-275k
2021: €-314k
2022: €24k
2023: €134k
2024: €186k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€93k▲ 24.5%€162k▲ 74.5%€216k▲ 33.2%€211k▼ 2.0%
Operating result€77k-€42k▼ 45.6%€108k▲ 158%€84k▼ 22.0%€72k▼ 15.1%
Net result€59k-€18k▼ 69.3%€69k▲ 279%€54k▼ 22.2%€46k▼ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €743k
Fixed assets
€249k▼ 19.1%
Current assets
€494k▲ 14.6%
Equity and liabilities €743k
Equity
€211k▼ 2.0%
Debt
€531k▲ 1.6%
The debt ratio rises from 70.8% to 71.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€185k▼
2024 · €191k
Cash flow
€159k▼
2024 · €161k
Solvency
28.4%▼
2024 · 29.2%
Current ratio
1.62▼
2024 · 1.76
Quick ratio
1.56▼
2024 · 1.71
Debt / equity
2.52▲
2024 · 2.43
ROE
21.6%▼
2024 · 24.9%
ROA
6.2%▼
2024 · 7.3%
Interest coverage
13.09▼
2024 · 13.68
Debt
€531k▲
2024 · €523k
Debt ≤ 1 year
€305k▲
2024 · €245k
Debt > 1 year
€227k▼
2024 · €278k
Income taxes
€18k▲
2024 · €18k
Staff costs
€503k▲
2024 · €461k
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€739k€743k▲
Fixed assets21/28€308k€249k▼
Intangible fixed assets21€211k€131k▼
Tangible fixed assets22/27€97k€118k▲
Plant, machinery and equipment23€2k€795▼
Furniture and vehicles24€86k€102k▲
Other tangible fixed assets26€9k€15k▲
Current assets29/58€431k€494k▲
Amounts receivable after more than one year29-€60k
Other amounts receivable291-€60k
Stocks and contracts in progress3€13k€18k▲
Stocks30/36€13k€18k▲
Amounts receivable within one year40/41€202k€275k▲
Trade receivables40€73k€29k▼
Other amounts receivable41€129k€246k▲
Current investments50/53€0-
Cash at bank and in hand54/58€212k€128k▼
Deferred charges and accrued income490/1€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€739k€743k▲
Equity10/15€216k€211k▼
Contributions10/11€5k€5k=
Reserves13€54k€54k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14€157k€152k▼
Amounts payable17/49€523k€531k▲
Amounts payable after more than one year17€278k€227k▼
Financial debts170/4€278k€227k▼
Amounts payable within one year42/48€245k€305k▲
Current portion of amounts payable after more than one year42€93k€102k▲
Financial debts43€29k€29k▲
Credit institutions430/8€14k€15k▲
Other loans439€15k€14k▼
Trade debts44€74k€69k▼
Suppliers440/4€74k€69k▼
Taxes, remuneration and social security45€45k€54k▲
Taxes450/3€4k€1k▼
Remuneration and social security454/9€41k€53k▲
Other amounts payable47/48€4k€50k▲
Income statement
Code20242025
Non-recurring operating income76A€992€0▼
Remuneration, social security and pensions62€461k€503k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€113k▲
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A€591€18k▲
Gross operating margin9900€655k€714k▲
Operating profit (loss)9901€84k€72k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€14k€14k▲
Recurring financial charges65€14k€14k▲
Profit (loss) for the period before taxes9903€72k€64k▼
Income taxes67/77€18k€18k▲
Profit (loss) for the period9904€54k€46k▼
Profit (loss) for the period to be appropriated9905€54k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€202k▼
Profit (loss) brought forward from the previous period14P€157k€157k=
Transfer to equity691/2€54k€0▼
To other reserves6921€54k€0▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
Social balance
Average headcount (FTE)90877.17.4▲
The notes to these accounts (20 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €216k ▲33.2%
5 profitable years in a row build equity to €216k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €69k ▲279%
Operating result €108k, net result €69k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲74.5%
4 profitable years in a row build equity to €162k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.38 to 1.10; short-term debt falls from €508k to €245k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
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, Evergem · 1 establishment unit since 2019
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.
Durmakker 519940 EvergemGround area
1,962 m²
Building footprint
1,004 m²
Volume, LiDAR
5,573 m³
Parcel 44302E0345/00V000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOAQUA
since 20192.296.195.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0345/00V000 | Flanders | 1,962 m² | 1 · 1,004 m² | 6.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
648827USD6MC2296XY02
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Of 366 companies in sector 43421 we hold annual accounts for 203. 159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:michel.jans@noaqua.be