Equity
€464,818 ▲ 36.6%
Aquagroup has made a profit in every financial year since 2014.
Aquagroup
Lifetime
12 annual accounts with figures on one time axispeak €812,633 (2025)
€812,633▲ 13.5%
peak €141,969 (2024)
€124,493▼ 12.3%
peak €464,818 (2025)
€464,818▲ 36.6%
€515,224▲ 0.5%
peak 9.5 FTE (2023)
8.6 FTE▼ 1.1%
Board4 names since 2022
1 directorBV AQUAFISTON
Documentsfilings and deeds
24-11-202568 days before the deadline
2025abbreviated format
Gross margin from €716,104 to €812,633Equity from €340,325 to €464,818
Key points
from the 2025 annual accountsTurnover
≈ €2.1m estimated
The accounts state no turnover.
Investments
€182,046 2.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 74.6% higher than in 2024.
Staff
8 employees on 30-06-2025
In 2025, 2 people joined and 4 left.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 0 to 68 days before the end of the period.
Position in the sector
€812,633
Higher gross margin than 82% of companies in specialised construction. Sector median €243,339 · 9,956 companies.
Checked score
82
Excellent
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.6%▲ +0.2 percentage points vs 12-2024highest value
02-2025: 1.0%▼ -0.6 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 0.5%▼ -0.5 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.1 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.5%▼ -0.1 percentage points vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.5%● unchanged vs 02-2026lowest value
04-2026: 0.5%● unchanged vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026lowest value
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: 8.6 FTE, total assets €980,042
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2011
Equity €464,818 (47.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 51% of them on solvency, 21% on liquidity, 68% on profitability and 78% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as Aquagroup has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Aquagroup itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 34,693 companies, not a prediction for Aquagroup. 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.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.5 (1.33 in 2024), above the usual 1.5. Short-term debt is 47.7% and cash 4.8% of total assets. However, 52.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 days early
2024
15 days early
2023
1 day early
2022
on the day
2021
3 days early
2020
3 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0841710075
Company renamed from TOMCO to Aquagroup
Reappointments: AQUAFISTON (director) and VAN DE VANNET Delphine (day-to-day manager) · Permanent representative: FLO Tom · Resignation: FLO Tom John Ross (statutory manager) · General meeting of 09-10-2024 · Gazette deed
Registered office moved from Deerlijk to Sint-Eloois-Vijve
New registered office: Gentseweg 715, 8793 Sint-Eloois-Vijve · Previous registered office: Vrijeigen 30, 8540 Deerlijk · Permanent representative: Tom FLO · Board meeting of 25-05-2023 · Gazette deed
1 director appointed, 1 resignation
Resignation: Tom FLO · Appointment: BV AQUAFISTON · Permanent representative: Tom FLO · General meeting of 21-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Aquagroup Waregem | €1.0m | €812,633 | 47.4% | 8.6 |
| CHAUFFAGE SANITAIR KEVIN SABBE Jabbeke | €1.3m | €728,769 | 21.0% | 7 |
| DIALEAU Kortemark | €1.5m | €858,284 | 8.6% | 9.7 |
| DE CRAECKER SERVICE Stabroek | €0.8m | €746,341 | 14.0% | 9 |
| TIMMERMANS CENTRALE VERWARMING & SANITAIR Grimbergen | €1.2m | €822,110 | 67.7% | 9.5 |
| Versanico Beerse | €1.0m | €827,107 | 24.6% | 10.8 |
| RS SANITECHNICS Brakel | €1.3m | €760,756 | 27.8% | 9.2 |
These companies have the same main activity as Aquagroup: plumbing work (NACE 43221). They are comparable in size and age: total assets between €822,000 and €1.5m, founded between 2009 and 2014.
Official details
Source: KBO- Status
- Active since 01-12-2011Normal situation
- Activity
- Plumbing workNACE 43221and 7 others
- Joint committees
- 149.01Electricians: installation and distribution
- 201Independent retail · annual accounts 30-06-2025
- Establishment unit
- 2.270.377.6448793 Waregem, since 01-09-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- €980,042▲ 14.9%
- Employeeson 30-06-2025
- 8▼ 20.0%
- Filing
- Filed on 24-11-2025, 68 days before the end of the filing period
Insights on Aquagroup
Aquagroup files the abbreviated format. That format states no turnover. The gross margin rose from €49,438 in 2014 to €812,633 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Aquagroup
- What is the company number of Aquagroup?
- The company number of Aquagroup is 0841.710.075. The VAT number is the same number with BE in front: BE 0841.710.075.
- Where is Aquagroup based?
- The registered office is at Gentseweg 715, 8793 Waregem.Company details
- What does Aquagroup do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of Aquagroup?
- Aquagroup is a private limited company (BV).
- When was Aquagroup founded?
- Aquagroup was founded on 01-12-2011.
- Is Aquagroup still active?
- Yes, Aquagroup is an active enterprise in the KBO register.
- How many employees does Aquagroup have?
- Aquagroup had an average of 8.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Aquagroup fall under?
- In its 30-06-2025 annual accounts, Aquagroup states joint committees 149.01 (Electricians: installation and distribution) and 201 (Independent retail).
- What is the turnover of Aquagroup?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €812,633 and 46 comparable companies (NACE 432). It probably lies between €1.8m and €2.7m.
- Is Aquagroup profitable?
- In financial year 2025, Aquagroup made a profit of €124,493.
- Where can I find the annual accounts of Aquagroup?
- Aquagroup filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Aquagroup due?
- Aquagroup must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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