ORIGIN'EAU
ActiveORIGIN'EAU has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.02M) and a net result of €-237k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 8.4 against 3.03 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-47.9%
Return on assets
-11.1%
Age of the figures
8 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
55 d late
2023
6 d early
2022
11 d early
2021
31 d early
2020
30 d late
2019
5 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1.02M▼ 30.2%
2024 · €-785k
2018: €-33k
2019: €-88k
2020: €-52k
2021: €-26k
2022: €-163k
2023: €-433k
2024: €-785k
2018 → 2025
Total assets
€2.13M▲ 0.4%
2024 · €2.12M
2018: €41k
2019: €33k
2020: €37k
2021: €90k
2022: €913k
2023: €1.18M
2024: €2.12M
2018 → 2025
Net result
€-237k▲ 32.7%
2024 · €-352k
2018: €-22k
2019: €-55k
2020: €36k
2021: €26k
2022: €-137k
2023: €-271k
2024: €-352k
2018 → 2025
Working capital
€716k▲ 46.6%
2024 · €488k
2018: €-41k
2019: €-94k
2020: €-55k
2021: €-28k
2022: €345k
2023: €324k
2024: €488k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-163k▼ 528%€-433k▼ 166%€-785k▼ 81.3%€-1.02M▼ 30.2%
Operating result€27k-€-136k€-270k▼ 98.8%€-352k▼ 30.4%€-227k▲ 35.7%
Net result€26k-€-137k€-271k▼ 97.8%€-352k▼ 30.2%€-237k▲ 32.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €227k in 2025 against €352k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13M
Fixed assets
€1.32M▼ 5.4%
Current assets
€813k▲ 11.6%
Key figures and ratios
EBITDA
€-16k▲
2024 · €-178k
Cash flow
€-26k▲
2024 · €-178k
Solvency
-47.9%▼
2024 · -37.0%
Current ratio
8.40▲
2024 · 3.03
Quick ratio
0.55▲
2024 · 0.29
Debt / equity
-3.09▲
2024 · -3.71
ROE
23.2%▼
2024 · 44.8%
ROA
-11.1%▲
2024 · -16.6%
Interest coverage
-9.44▲
2024 · -399.44
Debt
€3.16M▲
2024 · €2.91M
Debt ≤ 1 year
€97k▼
2024 · €240k
Debt > 1 year
€3.06M▲
2024 · €2.67M
Income taxes
€9k
Staff costs
€72k▲
2024 · €25k
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€2.12M€2.13M▲
Fixed assets21/28€1.40M€1.32M▼
Tangible fixed assets22/27€1.40M€1.32M▼
Plant, machinery and equipment23€104k€116k▲
Furniture and vehicles24€438k€283k▼
Other tangible fixed assets26€854k€922k▲
Financial fixed assets28-€25
Current assets29/58€729k€813k▲
Stocks and contracts in progress3€660k€760k▲
Stocks30/36€660k€760k▲
Amounts receivable within one year40/41€55k€24k▼
Trade receivables40€24k€14k▼
Other amounts receivable41€31k€10k▼
Cash at bank and in hand54/58€8k€24k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.13M▲
Equity10/15€-785k€-1.02M▼
Contributions10/11€6k€6k=
Reserves13€832€832=
Distributable reserves133€832€832=
Profit (loss) carried forward14€-792k€-1.03M▼
Amounts payable17/49€2.91M€3.16M▲
Amounts payable after more than one year17€2.67M€3.06M▲
Financial debts170/4€2.67M€3.06M▲
Amounts payable within one year42/48€240k€97k▼
Trade debts44€185k€75k▼
Suppliers440/4€185k€75k▼
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€9k€14k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€44k€8k▼
Accrued charges and deferred income492/3-€456
Income statement
Code20242025
Remuneration, social security and pensions62€25k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€211k▲
Other operating charges640/8€9k€21k▲
Gross operating margin9900€-144k€77k▲
Operating profit (loss)9901€-352k€-227k▲
Financial income75/76B€564€0▼
Recurring financial income75€564€0▼
Financial charges65/66B€446€2k▲
Recurring financial charges65€446€2k▲
Profit (loss) for the period before taxes9903€-352k€-228k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€-352k€-237k▲
Profit (loss) for the period to be appropriated9905€-352k€-237k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-792k€-1.03M▼
Profit (loss) brought forward from the previous period14P€-440k€-792k▼
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 8.40
Current ratio from 3.03 to 8.40; short-term debt falls from €240k to €97k.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-352k
Net result drops to €-352k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 5current ratio 3.71
Current ratio from 0.76 to 3.71.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Aalst · 1 establishment unit since 2006
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.
Blauwenbergstraat 1209320 AalstGround area
3,116 m²
Building footprint
1,380 m²
Volume, LiDAR
7,116 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Origin’eau
since 20062.153.630.127
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047C1125/00R000 | Flanders | 1,868 m² | 1 · 132 m² | 8.4 m · 2 fl. |
| 44052A1483/00D000 | Flanders | 1,248 m² | 1 · 1,248 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOosterzele2.153.630.127
Dual-learning approval
1 live approvalPaardenhouderij duaal (so)
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 82,218 companies in sector 70200 we hold annual accounts for 52,395.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
93110Operation of sports facilities
01430Raising of horses and other equines
70100Activities of head offices
93127Equestrian clubs
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.