PH - AQUA - SYSTEMS
ActiveSummary
PH - AQUA - SYSTEMS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-4k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-33
Solvency2▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.93 in 2023; short-term debt: 123.3% and cash: 30.9% of total assets), and equity is negative.
Credit check 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 · 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 2024Solvency, return and age of the figures
Solvency
-23.3%
Return on assets
-27.6%
Age of the figures
21 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-4k
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d late
2022
22 d late
2021
31 d late
2020
82 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-4k
2023 · €652
Total assets
€15k▼ 13.3%
2023 · €17k
Net result
€-4k
2023 · €189
Working capital
€-6k▼ 380%
2023 · €-1k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3k€1k▼ 66.1%€6k▲ 407%€3k▼ 47.7%€-3k
Net result€3k€-3k€2k€189▼ 88.0%€-4k
Equity€2k€-1k€463€652▲ 40.9%€-4k
Total assets€43k▼ 12.7%€51k▲ 20.2%€42k▼ 18.3%€17k▼ 58.6%€15k▼ 13.3%
Debt€41k▼ 19.1%€53k▲ 27.7%€42k▼ 20.9%€17k▼ 59.7%€19k▲ 11.1%
Working capital€4k▲ 475%€-6k€12k€-1k€-6k▼ 380%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15k
Fixed assets
€2k ▲ 27.2%
Current assets
€13k ▼ 18.2%
Key figures and ratios
EBITDA
€-2k▼
2023 · €3k
Cash flow
€-3k▼
2023 · €553
Solvency
-23.3%▼
2023 · 3.7%
Current ratio
0.68▼
2023 · 0.93
Quick ratio
0.65▼
2023 · 0.89
Debt to equity
-5.29
ROA
-27.6%▼
2023 · 1.1%
Interest coverage
-1.29▼
2023 · 1.49
Debt ≤ 1 year
€19k▲
2023 · €17k
Income taxes
€0▼
2023 · €599
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €0 | €10k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €4k | €364 | €687 | ▲ 88.9% |
| Other operating charges640/8 | - | €2k | €3k | €848 | €630 | ▼ 25.7% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €16k | €11k | €15k | €4k | €-2k | ▼ 136% |
| Operating profit (loss)9901 | €3k | €1k | €6k | €3k | €-3k | ▼ 193% |
| Financial income75/76B | - | €445 | €423 | €9 | €400 | ▲ 4,304% |
| Recurring financial income75 | €6k | €445 | €423 | €9 | €400 | ▲ 4,304% |
| Financial charges65/66B | - | €3k | €2k | €2k | €2k | ▼ 27.1% |
| Recurring financial charges65 | €4k | €3k | €2k | €2k | €2k | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €5k | €-2k | €4k | €788 | €-4k | ▼ 629% |
| Income taxes67/77 | €2k | €905 | €2k | €599 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3k | €-3k | €2k | €189 | €-4k | ▼ 2,302% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-3k | €2k | €189 | €-4k | ▼ 2,302% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €51k | €42k | €17k | €15k | ▼ 13.3% |
| Fixed assets21/28 | €15k | €30k | €4k | €2k | €2k | ▲ 27.2% |
| Tangible fixed assets22/27 | €15k | €30k | €4k | €1k | €2k | ▲ 37.0% |
| Furniture and vehicles24 | - | €30k | €4k | €1k | €2k | ▲ 37.0% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €27k | €21k | €38k | €16k | €13k | ▼ 18.2% |
| Stocks and contracts in progress3 | €1k | €692 | €692 | €692 | €692 | = |
| Stocks30/36 | - | €692 | €692 | €692 | €692 | = |
| Amounts receivable within one year40/41 | €18k | €12k | €30k | €7k | €7k | ▲ 8.7% |
| Trade receivables40 | - | €5k | €25k | €7k | €7k | ▲ 5.5% |
| Other amounts receivable41 | - | €7k | €4k | €52 | €272 | ▲ 421% |
| Cash at bank and in hand54/58 | €7k | €8k | €7k | €8k | €5k | ▼ 41.3% |
| Deferred charges and accrued income490/1 | - | €720 | €261 | €180 | €62 | ▼ 65.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €51k | €42k | €17k | €15k | ▼ 13.3% |
| Equity10/15 | €2k | €-1k | €463 | €652 | €-4k | ▼ 639% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-19k | €-22k | €-20k | €-20k | €-24k | ▼ 21.0% |
| Amounts payable17/49 | €41k | €53k | €42k | €17k | €19k | ▲ 11.1% |
| Amounts payable after more than one year17 | €18k | €25k | €16k | €0 | - | - |
| Financial debts170/4 | - | €25k | €16k | €0 | - | - |
| Amounts payable within one year42/48 | €23k | €27k | €26k | €17k | €19k | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €0 | - | - |
| Financial debts43 | - | €7k | €10k | €6k | €7k | ▲ 14.4% |
| Credit institutions430/8 | - | €7k | €10k | €6k | €7k | ▲ 14.4% |
| Trade debts44 | €8k | €8k | €2k | €8k | €8k | ▲ 5.2% |
| Suppliers440/4 | - | €8k | €2k | €8k | €8k | ▲ 5.2% |
| Taxes, remuneration and social security45 | - | €3k | €5k | €3k | €2k | ▼ 28.6% |
| Taxes450/3 | - | €3k | €5k | €3k | €2k | ▼ 28.6% |
| Other amounts payable47/48 | - | - | - | - | €2k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-3k | €2k | €189 | €-4k | ▼ 2,302% |
| + Depreciation and write-downs630 | €7k | €8k | €4k | €364 | €687 | ▲ 88.9% |
| Operating cash flow (approximation) | €11k | €6k | €5k | €553 | €-3k | ▼ 730% |
| Investment in fixed assets (approximation) | - | €-23k | €22k | €2k | €-1k | ▼ 157% |
| Change in cash | - | €828 | €-1k | €1k | €-3k | ▼ 370% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 224 days late
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 170 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, La Louvière · 1 establishment unit since 1990
Ground area
817 m²
Building footprint
114 m²
Volume, LiDAR
672 m³
Parcel 55020C0078/00R003, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Armand Colinet(H-G) 69, 7110 La Louvière
since 19902.047.522.223
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0078/00R003 | Wallonia | 817 m² | 1 · 114 m² | 7.7 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.
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Of 473 companies in sector 46842 we hold annual accounts for 346. 10 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
Founded02-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.