Point d'Eau
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-06-2026 PDF all 19 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€132,325
2024 · -€39,022
Working capital
-€151,081
2024 · €439,706
In the rankings
#1 company by staff growth in the province of Luxembourg, Health and social work sector#1 company by total assets in Arlon, Health and social work sector#1 company by equity in Arlon, Health and social work sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€120,045
2025
20182025
Net result
€132,325
2025
middle half of the sector
20182025
Equity
€6.0m
▲ 3.9%
2025
middle half of the sector
20182025
Total assets
€14.5m
▲ 4.4%
2025
middle half of the sector
20182025
Debt
€8.5m
▲ 4.8%
2025
20182025
Working capital
-€151,081
2025
lowest quarter of the sector
20182025
Solvency
41.7%
▼ 0.2pp
2025
middle half of the sector
20182025
Current ratio
0.93
▼ 0.35
2025
middle half of the sector
20182025
Return on assets (ROA)
0.9%
▲ 1.2pp
2025
middle half of the sector
20182025
Staff (FTE)
85.6
▲ 36.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m--€0.05m-€0.006m▲ 88.8%-€0.05m▼ 757%-€0.2m▼ 229%€0.007m-€0.1m€0.1m
Net result€0.09m-€0.06m▼ 38.7%€0.06mwithin the sector's middle half▲ 9.0%€0.02mwithin the sector's middle half▼ 74.3%-€0.1mbelow the sector's middle half€0.04mwithin the sector's middle half-€0.04mbelow the sector's middle half€0.1mwithin the sector's middle half
Equity€1.6m-€1.8m▲ 9.1%€1.9mabove the sector's middle half▲ 8.6%€2.2mabove the sector's middle half▲ 13.1%€2.4mabove the sector's middle half▲ 9.7%€3.7mabove the sector's middle half▲ 55.2%€5.8mwithin the sector's middle half▲ 58.3%€6.0mwithin the sector's middle half▲ 3.9%
Total assets€2.8m-€2.8m▲ 0.7%€3.1mwithin the sector's middle half▲ 9.9%€3.3mwithin the sector's middle half▲ 5.0%€4.1mabove the sector's middle half▲ 25.2%€11.7mabove the sector's middle half▲ 186%€13.9mwithin the sector's middle half▲ 18.6%€14.5mwithin the sector's middle half▲ 4.4%
Debt€1.2m-€1.1m▼ 10.6%€1.2m▲ 11.9%€1.1m▼ 7.8%€1.7m▲ 55.6%€8.0m▲ 367%€8.1m▲ 0.5%€8.5m▲ 4.8%
Working capital-€0.2m--€0.1m▲ 53.9%€0.05mwithin the sector's middle half€0.01mwithin the sector's middle half▼ 76.0%-€0.5mbelow the sector's middle half€3.1mabove the sector's middle half€0.4mwithin the sector's middle half▼ 86.0%-€0.2mbelow the sector's middle half
Solvency57.3%-62.1%▲ 4.8pp61.4%above the sector's middle half▼ 0.7pp66.1%above the sector's middle half▲ 4.7pp57.9%within the sector's middle half▼ 8.2pp31.4%within the sector's middle half▼ 26.5pp41.9%within the sector's middle half▲ 10.5pp41.7%within the sector's middle half▼ 0.2pp
Current ratio0.76-0.88▲ 0.131.04within the sector's middle half▲ 0.161.01within the sector's middle half▼ 0.030.67below the sector's middle half▼ 0.343.12above the sector's middle half▲ 2.451.28within the sector's middle half▼ 1.830.93within the sector's middle half▼ 0.35
Return on assets (ROA)3.3%-2.0%▼ 1.3pp2.0%within the sector's middle half=0.5%within the sector's middle half▼ 1.5pp-2.4%within the sector's middle half▼ 2.8pp0.3%within the sector's middle half▲ 2.7pp-0.3%within the sector's middle half▼ 0.6pp0.9%within the sector's middle half▲ 1.2pp
Staff (FTE)63.6-66.5▲ 4.6%67.5above the sector's middle half▲ 1.5%69above the sector's middle half▲ 2.2%64.3above the sector's middle half▼ 6.8%63.8above the sector's middle half▼ 0.8%62.6within the sector's middle half▼ 1.9%85.6within the sector's middle half▲ 36.7%
above
within
below
The sector band is the middle half of the companies in Residential care activities (NACE 87). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €120,045, after a loss of €99,732 in 2024. It is the highest result since 2018.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets
€12.4m ▲ 3.7%
Current assets
€2.2m ▲ 8.8%
Equity and liabilities €14.5m
Equity
€6.0m ▲ 3.9%
Debt
€8.5m ▲ 4.8%
Debt's share of the balance-sheet total rises from 58.1% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€748,214▲
2024 · €51,187
Cash flow
€760,494▲
2024 · €111,897
Quick ratio
0.93▼
2024 · 1.27
Debt to equity
1.40▲
2024 · 1.39
ROE
2.2%▲
2024 · -0.7%
Interest coverage
3.51▼
2024 · 34.42
Debt ≤ 1 year
€2.3m▲
2024 · €1.5m
Debt > 1 year
€6.1m▼
2024 · €6.5m
Supplier credit
112 days▼
2024 · 200 days
Staff costs
€5.2m▲
2024 · €4.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 82 | 77 | 80 | 77 | 104 |
| full-time | 27 | 29 | 32 | 30 | 42 |
| part-time | 55 | 48 | 48 | 47 | 62 |
| in full-time equivalents | 65.9 | 62.1 | 66 | 62.6 | 85.6 |
| Average over the year, in full-time equivalents | 69 | 64.3 | 63.8 | 65.5 | 86.1 |
| On a permanent contract | 71 | 69 | 71 | 73 | 91 |
| Joined | 77 | 166 | 232 | 270 | 248 |
| Left | 80 | 171 | 229 | 273 | 221 |
| Training hours | 336 | 949 | 632 | 1,935 | 1,929 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €6.5m | €6.5m | €6.4m |
| Mortgages, amount registered | €600,000 | €600,000 | €3.6m | - | €3.6m |
| Mortgage mandates | €0 | - | €3.6m | - | €3.6m |
| Carrying value of the mortgaged assets | €775,770 | €742,041 | €6.5m | - | €10.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €540,156 | €1.1m | €4.2m | €5.0m | €939,103 |
| Intangible fixed assets | - | €9,802 | - | €3,152 | €8,660 |
| Depreciation and write-downs of the year | €154,609 | €144,669 | €151,496 | €150,919 | €628,169 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | - | - | €5,082 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | €5.5m | €8.0m | ▲ 45.3% |
| Membership fees, donations, legacies and grants73 | - | - | - | - | - | €5.3m | €0.04m | €0.08m | ▲ 110% |
| Other operating income74 | - | - | - | - | - | - | €5.4m | €7.7m | ▲ 43.1% |
| Non-recurring operating income76A | - | - | - | €0.04m | €0.004m | €0.008m | €0.09m | €0.2m | ▲ 150% |
| Operating charges60/66A | - | - | - | - | - | - | €5.6m | €7.9m | ▲ 40.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €0.6m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | €0.2m | €0.3m | ▲ 32.4% |
| Purchases600/8 | - | - | - | - | - | - | €0.2m | €0.3m | ▲ 29.2% |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | - | -€0.006m | -€0.001m | ▲ 85.3% |
| Services and other goods61 | - | - | - | - | - | - | €0.4m | €0.8m | ▲ 81.1% |
| Remuneration, social security and pensions62 | - | - | - | €3.2m | €3.8m | €3.9m | €4.1m | €5.2m | ▲ 26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.6m | ▲ 316% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.001m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.4m | €0.6m | €0.6m | €0.7m | €1.0m | ▲ 41.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.004m | €0.03m | ▲ 519% |
| Gross operating margin9900 | €3.5m | €3.5m | €3.8m | €3.7m | €4.3m | €4.6m | - | - | - |
| Operating profit (loss)9901 | €0.02m | -€0.05m | -€0.006m | -€0.05m | -€0.2m | €0.007m | -€0.1m | €0.1m | - |
| Financial income75/76B | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | €0.2m | ▲ 298% |
| Recurring financial income75 | €0.08m | €0.07m | €0.07m | €0.07m | €0.07m | €0.06m | €0.06m | €0.2m | ▲ 298% |
| Other financial income752/9 | - | - | - | - | - | - | €0.06m | €0.2m | ▲ 298% |
| Financial charges65/66B | - | - | - | €0.003m | €0.004m | €0.03m | €0.001m | €0.2m | ▲ 158× |
| Recurring financial charges65 | €0.01m | €0.009m | €0.006m | €0.003m | €0.004m | €0.03m | €0.001m | €0.2m | ▲ 144× |
| Debt charges650 | - | - | - | - | - | - | - | €0.2m | - |
| Other financial charges652/9 | - | - | - | - | - | - | €0.001m | €0.001m | ▼ 56.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.02m | - |
| Profit (loss) for the period before taxes9903 | €0.09m | €0.01m | €0.06m | €0.02m | -€0.1m | €0.04m | -€0.04m | €0.1m | - |
| Profit (loss) for the period9904 | €0.09m | €0.06m | €0.06m | €0.02m | -€0.1m | €0.04m | -€0.04m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.06m | €0.06m | €0.02m | -€0.1m | €0.04m | -€0.04m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €2.8m | €3.1m | €3.3m | €4.1m | €11.7m | €13.9m | €14.5m | ▲ 4.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €2.0m | €2.0m | €1.9m | €2.3m | €3.1m | €7.1m | €11.9m | €12.4m | ▲ 3.7% |
| Intangible fixed assets21 | - | - | - | - | €0.007m | €0.003m | €0.002m | €0.007m | ▲ 225% |
| Tangible fixed assets22/27 | €2.0m | €2.0m | €1.9m | €2.3m | €3.1m | €7.1m | €11.9m | €12.3m | ▲ 3.6% |
| Land and buildings22 | - | - | - | €1.5m | €1.4m | €1.3m | €1.2m | €11.2m | ▲ 828% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.04m | €0.04m | €0.2m | ▲ 416% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | €0.8m | ▲ 68× |
| Assets under construction and advance payments27 | - | - | - | €0.7m | €1.6m | €5.7m | €10.7m | €0.2m | ▼ 98.5% |
| Current assets29/58 | €0.8m | €0.9m | €1.2m | €1.0m | €1.0m | €4.6m | €2.0m | €2.2m | ▲ 8.8% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 4.7% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 4.7% |
| Raw materials and consumables30/31 | - | - | - | - | - | - | €0.02m | €0.02m | ▲ 4.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €4.1m | €0.9m | €0.4m | ▼ 60.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 18.4% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.09m | €3.8m | €0.7m | €0.06m | ▼ 91.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.5m | €0.9m | €0.7m | €0.7m | €0.4m | €0.9m | €1.7m | ▲ 92.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.05m | €0.1m | €0.1m | €0.08m | ▼ 44.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €2.8m | €3.1m | €3.3m | €4.1m | €11.7m | €13.9m | €14.5m | ▲ 4.4% |
| Equity10/15 | €1.6m | €1.8m | €1.9m | €2.2m | €2.4m | €3.7m | €5.8m | €6.0m | ▲ 3.9% |
| Reserves13 | - | - | - | - | - | - | - | €0.1m | - |
| Profit (loss) carried forward14 | €0.7m | €0.7m | €0.8m | €0.8m | €0.7m | €0.8m | €0.7m | €0.7m | = |
| Investment grants15 | - | - | - | €1.3m | €1.6m | €2.9m | €5.1m | €5.2m | ▲ 1.8% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.2m | €1.1m | €1.7m | €8.0m | €8.1m | €8.5m | ▲ 4.8% |
| Amounts payable after more than one year17 | €0.2m | €0.09m | €0.03m | €0.1m | €0.1m | €6.6m | €6.5m | €6.1m | ▼ 6.1% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €6.6m | €6.5m | €6.1m | ▼ 6.1% |
| Credit institutions173 | - | - | - | - | - | - | €6.5m | €6.1m | ▼ 6.1% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.2m | €1.0m | €1.5m | €1.5m | €1.5m | €2.3m | ▲ 49.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | - | €0.06m | €0.1m | €0.2m | ▲ 76.1% |
| Trade debts44 | €0.2m | €0.2m | €0.06m | €0.1m | €0.6m | €0.6m | €0.4m | €0.3m | ▼ 8.1% |
| Suppliers440/4 | - | - | - | €0.1m | €0.6m | €0.6m | €0.4m | €0.3m | ▼ 8.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.7m | €0.6m | €0.6m | €1.1m | ▲ 87.4% |
| Taxes450/3 | - | - | - | €0.07m | €0.04m | €2 | €37 | €0.08m | ▲ 2,153× |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.6m | €0.6m | €0.6m | €1.0m | ▲ 73.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.07m | €0.004m | €0.008m | €0.02m | ▲ 189% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.06m | €0.06m | €0.02m | -€0.1m | €0.04m | -€0.04m | €0.1m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.6m | ▲ 316% |
| Operating cash flow (approximation) | €0.3m | €0.2m | €0.2m | €0.2m | €0.05m | €0.2m | €0.1m | €0.8m | ▲ 580% |
| Investment in fixed assets (approximation) | - | -€0.09m | -€0.09m | -€0.5m | -€0.9m | -€4.2m | -€5.0m | -€1.1m | ▲ 78.6% |
| Change in cash | - | €0.05m | €0.4m | -€0.2m | -€0.05m | -€0.3m | €0.5m | €0.8m | ▲ 71.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,887 companies had the same profile as Point d'Eau has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of Point d'Eau itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for Point d'Eau. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-06-2026 | 2026-00162124 | |
| 31-12-2024 | abbreviated format | 05-06-2025 | 2025-00120230 | |
| 31-12-2023 | full format | 28-06-2024 | 2024-00186875 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00171543 | |
| 31-12-2021 | full format | 31-10-2022 | 2022-20478459 | |
| 31-12-2020 | full format | 10-09-2021 | 2021-67000572 | |
| 31-12-2019 | full format | 12-07-2020 | 2020-29700595 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-19500271 | |
| 31-12-2017 | full format | 01-06-2018 | 2018-15400158 | |
| 31-12-2016 | full format | 24-05-2017 | 2017-13100537 |