AQUA CONSTRUCT
ActiveSummary
AQUA CONSTRUCT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-38k) and a net result of €-31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-8
Growth41▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.48 in 2024; short-term debt: 206.9% of total assets), and equity is negative.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
-106.9%
Return on assets
-88.2%
Age of the figures
9 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
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-38k
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
60 d late
2023
53 d late
2022
153 d late
2021
72 d late
2020
129 d late
2019
133 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
€110k▲ 37.9%
2021 · €79k
EBIT margin
24.8%▲ 16.9pp
2021 · 8.0%
Net result
€-31k
2024 · €20k
Working capital
€-50k▼ 109%
2024 · €-24k
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
Line20212022202320242025
Turnover€79k▲ 133%€110k
Operating result€6k€-12k€27k€26k▼ 6.0%€-26k
Net result€5k€-14k€28k€20k▼ 27.8%€-31k
EBIT margin8.0%▲ 67.9pp24.8%
Equity€-30k▲ 13.0%€-44k▼ 46.1%€-17k▲ 62.5%€-7k▲ 59.8%€-38k▼ 473%
Total assets€38k▼ 27.4%€23k▼ 39.0%€39k▲ 68.4%€39k▲ 1.3%€36k▼ 9.4%
Debt€68k▼ 21.6%€67k▼ 1.2%€55k▼ 17.6%€46k▼ 17.0%€74k▲ 60.3%
Working capital€-58k▲ 24.0%€-64k▼ 11.1%€-40k▲ 37.6%€-24k▲ 40.2%€-50k▼ 109%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€12k ▼ 30.9%
Current assets
€24k ▲ 7.4%
Key figures and ratios
EBITDA
€-18k▼
2024 · €33k
Cash flow
€-24k▼
2024 · €27k
Solvency
-106.9%▼
2024 · -16.9%
Current ratio
0.32▼
2024 · 0.48
Debt to equity
-1.94▲
2024 · -6.91
ROA
-88.2%▼
2024 · 50.7%
Interest coverage
-172.28▼
2024 · 250.67
Debt ≤ 1 year
€74k▲
2024 · €46k
Income taxes
€70▼
2024 · €4k
Staff costs
€368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €79k | - | €110k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €61k | - | €74k | - | - | - |
| Remuneration, social security and pensions62 | €528 | €2k | - | - | €368 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €11k | €8k | €7k | €8k | ▲ 2.8% |
| Other operating charges640/8 | €680 | €237 | €766 | €537 | €613 | ▲ 14.2% |
| Gross operating margin9900 | €21k | €870 | €36k | €34k | €-17k | ▼ 151% |
| Operating profit (loss)9901 | €6k | €-12k | €27k | €26k | €-26k | ▼ 201% |
| Financial income75/76B | €0 | - | €746 | €0 | €2 | ▲ 950% |
| Recurring financial income75 | €0 | - | €746 | €0 | €2 | ▲ 950% |
| Non-recurring financial income76B | - | - | €746 | - | - | - |
| Financial charges65/66B | €2k | €1k | €422 | €2k | €5k | ▲ 177% |
| Recurring financial charges65 | €2k | €31 | €0 | €132 | €106 | ▼ 19.8% |
| Non-recurring financial charges66B | - | €1k | €422 | €2k | €5k | ▲ 191% |
| Profit (loss) for the period before taxes9903 | €5k | €-14k | €28k | €24k | €-31k | ▼ 232% |
| Income taxes67/77 | €225 | €168 | - | €4k | €70 | ▼ 98.1% |
| Profit (loss) for the period9904 | €5k | €-14k | €28k | €20k | €-31k | ▼ 258% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-14k | €28k | €20k | €-31k | ▼ 258% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €23k | €39k | €39k | €36k | ▼ 9.4% |
| Fixed assets21/28 | €27k | €20k | €23k | €17k | €12k | ▼ 30.9% |
| Intangible fixed assets21 | €7k | €4k | €1k | €387 | - | - |
| Tangible fixed assets22/27 | €19k | €16k | €22k | €16k | €11k | ▼ 30.2% |
| Land and buildings22 | €18k | €14k | €13k | €8k | €4k | ▼ 52.3% |
| Plant, machinery and equipment23 | €578 | €362 | €413 | €218 | €2k | ▲ 858% |
| Furniture and vehicles24 | €512 | €2k | €9k | €8k | €5k | ▼ 31.5% |
| Financial fixed assets28 | €460 | €460 | €460 | €460 | €460 | = |
| Current assets29/58 | €10k | €3k | €15k | €22k | €24k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €9k | €3k | €14k | €21k | €23k | ▲ 8.1% |
| Trade receivables40 | €9k | €3k | €14k | €19k | €19k | ▲ 2.0% |
| Other amounts receivable41 | €564 | - | - | €2k | €4k | ▲ 56.7% |
| Cash at bank and in hand54/58 | €8 | €181 | €27 | €174 | - | - |
| Deferred charges and accrued income490/1 | €933 | - | €1k | €517 | €578 | ▲ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €23k | €39k | €39k | €36k | ▼ 9.4% |
| Equity10/15 | €-30k | €-44k | €-17k | €-7k | €-38k | ▼ 473% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-51k | €-65k | €-37k | €-27k | €-59k | ▼ 115% |
| Amounts payable17/49 | €68k | €67k | €55k | €46k | €74k | ▲ 60.3% |
| Amounts payable within one year42/48 | €68k | €67k | €55k | €46k | €74k | ▲ 60.3% |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €3k | €3k | €15k | €7k | €34k | ▲ 368% |
| Suppliers440/4 | €3k | €3k | €15k | €7k | €34k | ▲ 368% |
| Taxes, remuneration and social security45 | €1k | €4k | €2k | €5k | €1k | ▼ 76.9% |
| Taxes450/3 | €225 | €2k | €2k | €4k | €70 | ▼ 98.1% |
| Remuneration and social security454/9 | €1k | €2k | - | €875 | €1k | ▲ 14.3% |
| Other amounts payable47/48 | €64k | €60k | €39k | €34k | €36k | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-14k | €28k | €20k | €-31k | ▼ 258% |
| + Depreciation and write-downs630 | €14k | €11k | €8k | €7k | €8k | ▲ 2.8% |
| Operating cash flow (approximation) | €18k | €-3k | €35k | €27k | €-24k | ▼ 187% |
| Investment in fixed assets (approximation) | - | €-4k | €-11k | €-1k | €-2k | ▼ 78.2% |
| Change in cash | - | €173 | €-154 | €147 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 129 days late
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 133 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Tervuren · 1 establishment unit since 1995
Ground area
518 m²
Building footprint
146 m²
Volume, LiDAR
570 m³
Parcel 24104C0111/00C013, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AQUA CONSTRUCT
since 19952.049.176.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104C0111/00C013 | Flanders | 518 m² | 1 · 146 m² | 6.4 m · 1 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,262 companies in sector 71113 we hold annual accounts for 658. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.