AQUA-CHAUFFAGE SOLUTION
ActiveAQUA-CHAUFFAGE SOLUTION has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-10k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 11% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
7
/ 100
Critical▼ -48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency8▼-8
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.0 in 2024), and 95.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
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
4.8%
Return on assets
-3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 sector peers
Solvency
better than 11%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
20 d late
2023
29 d early
2022
17 d late
2021
16 d late
2020
31 d late
2019
53 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 38.4%
2024 · €27k
2018: €49k
2019: €79k
2020: €88k
2021: €156k
2022: €78k
2023: €78k
2024: €27k
2018 → 2025
Total assets
€346k▼ 13.2%
2024 · €399k
2018: €193k
2019: €223k
2020: €249k
2021: €292k
2022: €327k
2023: €420k
2024: €399k
2018 → 2025
Net result
€-10k
2024 · €13k
2018: €9k
2019: €30k
2020: €8k
2021: €73k
2022: €23k
2023: €19k
2024: €13k
2018 → 2025
Working capital
€-86k
2024 · €318
2018: €25k
2019: €45k
2020: €62k
2021: €138k
2022: €32k
2023: €34k
2024: €318
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€78k▼ 49.7%€78k=€27k▼ 65.6%€17k▼ 38.4%
Operating result€88k-€30k▼ 66.2%€70k▲ 136%€65k▼ 7.3%€62k▼ 4.0%
Net result€73k-€23k▼ 67.8%€19k▼ 16.9%€13k▼ 33.8%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€123k▲ 133%
Current assets
€223k▼ 35.5%
Equity and liabilities €346k
Equity
€17k▼ 38.4%
Debt
€329k▼ 11.3%
The debt ratio rises from 93.2% to 95.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€79k▼
2024 · €85k
Cash flow
€7k▼
2024 · €33k
Solvency
4.8%▼
2024 · 6.8%
Current ratio
0.72▼
2024 · 1.00
Quick ratio
0.71▼
2024 · 0.99
Debt / equity
19.80▲
2024 · 13.76
ROE
-62.3%▼
2024 · 47.7%
ROA
-3.0%▼
2024 · 3.2%
Interest coverage
1.07▼
2024 · 1.75
Debt
€329k▼
2024 · €372k
Debt ≤ 1 year
€308k▼
2024 · €345k
Debt > 1 year
€9k▼
2024 · €13k
Income taxes
€163▼
2024 · €6k
Staff costs
€0▲
2024 · €-340
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€399k€346k▼
Fixed assets21/28€53k€123k▲
Tangible fixed assets22/27€53k€123k▲
Furniture and vehicles24€53k€49k▼
Other tangible fixed assets26€88€74k▲
Financial fixed assets28€180€180=
Current assets29/58€346k€223k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€30k€18k▼
Trade receivables40€25k€15k▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€310k€199k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€399k€346k▼
Equity10/15€27k€17k▼
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€0€-10k▼
Amounts payable17/49€372k€329k▼
Amounts payable after more than one year17€13k€9k▼
Financial debts170/4€13k€9k▼
Amounts payable within one year42/48€345k€308k▼
Current portion of amounts payable after more than one year42€8k€4k▼
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Advances received on contracts in progress46€55k€64k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€270k€231k▼
Accrued charges and deferred income492/3€13k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-340€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€17k▼
Other operating charges640/8€1k€947▼
Gross operating margin9900€85k€80k▼
Operating profit (loss)9901€65k€62k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€48k€74k▲
Recurring financial charges65€48k€74k▲
Profit (loss) for the period before taxes9903€19k€-10k▼
Income taxes67/77€6k€163▼
Profit (loss) for the period9904€13k€-10k▼
Profit (loss) for the period to be appropriated9905€13k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-10k▼
Transfer from equity791/2€51k€0▼
Profit to be distributed694/7€64k€0▼
Return on contributions (dividend)694€64k€0▼
The notes to these accounts (18 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k ▼180%
Net result drops to €-10k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €73k ▲767%
Operating result €88k, net result €73k, both a record.
31-12
Financial
Equity above €150kEq €156k ▲77.9%
4 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lobbes · 1 establishment unit since 2015
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.
Rue de la Gargotte 116540 LobbesGround area
1,261 m²
Building footprint
221 m²
Volume, LiDAR
1,574 m³
Parcel 56044B0396/00M000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AQUA-CHAUFFAGE SOLUTION
since 20152.248.191.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56044B0396/00M000 | Wallonia | 1,260 m² | 1 · 221 m² | 8.8 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
254900NIWT1GP4R20016
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 3,241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2015
Fiscal year end31-12
Abbreviation FR
AQUA CHAUFFAGE
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.