Checked.be
Active
BE 0879.289.261Private limited company
AQUA-VRIJSEN ALGEMENE AANNEMING
Europarklaan 252 ·3530 Houthalen-Helchteren, Belgium· 20 yrs active
Sector: Site preparation
(43120)
Conclusion
AQUA-VRIJSEN ALGEMENE AANNEMING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283k and a net result of €51k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €283k |
| Net result | €51k |
| Staff (FTE) | 4.7 |
| Better than sector | 68% |
Financial profile
93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
90
Solvency
96
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
86
2023
63
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.07 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.71 (≥ 1.0)
+5
Leverage
Debt/equity 0.88 (< 1.0)
+10
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 49.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-02-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~10.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.1% | 39.1% | |
| Net result | €51k | €40k | |
| Equity | €283k | €193k | |
| Gross operating margin | €530k | €230k | |
| Staff costs | €410k | €224k |
€102k
+90.4%
23-25
€51k
-
23-25
€81k
+198.4%
23-25
€532k
-7.3%
23-25
€283k
+22.1%
23-25
€262k
+27.9%
23-25
5
0.0%
23-25
€410k
+4.8%
23-25
€20k
+5073.0%
23-25
€249k
-27.2%
23-25
€244k
-22.3%
23-25
€3k
-85.1%
23-25
2.07
+25.5%
23-25
1.71
+34.9%
23-25
53.1%
+31.8%
23-25
0.88
-40.4%
23-25
18.1%
-
23-25
9.6%
-
23-25
48.96
+73.7%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €102k | €54k | €77k |
| Net profit | €51k | €-2k | €31k |
| Cash flow | €81k | €27k | €59k |
| Staff costs | €410k | €391k | €377k |
| Income taxes | €20k | €391 | €17k |
| Dividends | - | - | - |
| Total assets | €532k | €575k | €600k |
| Equity | €283k | €232k | €234k |
| Debt | €249k | €343k | €366k |
| of which ≤ 1y | €244k | €315k | €291k |
| of which > 1y | €3k | €18k | €42k |
| Working capital | €262k | €205k | €234k |
| Employees (FTE) | 4.7 | 4.7 | 5.4 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.07 | 1.65 | 1.80 |
| Quick ratio | 1.71 | 1.26 | 1.11 |
| Working capital ratio | 49.2% | 35.6% | 39.1% |
| Solvency | 53.1% | 40.3% | 39.0% |
| Debt / equity | 0.88 | 1.48 | 1.57 |
| Long-term debt ratio | 0.01 | 0.08 | 0.18 |
| Interest coverage | 48.96 | 28.19 | 32.93 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 9.6% | -0.3% | 5.1% |
| ROE | 18.1% | -0.9% | 13.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €532k | €575k | €600k |
| Fixed assets | 21/28 | €26k | €55k | €74k |
| Tangible fixed assets | 22/27 | €26k | €55k | €74k |
| Financial fixed assets | 28 | €140 | €140 | €115 |
| Current assets | 29/58 | €506k | €519k | €526k |
| Stocks & contracts in progress | 3 | €89k | €122k | €202k |
| Amounts receivable within one year | 40/41 | €275k | €331k | €247k |
| Cash & bank | 54/58 | €130k | €59k | €68k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €532k | €575k | €600k |
| Equity | 10/15 | €283k | €232k | €234k |
| Contributions / capital | 10/11 | €20k | €20k | €20k |
| Reserves | 13 | €263k | €212k | €214k |
| Amounts payable | 17/49 | €249k | €343k | €366k |
| Amounts payable after one year | 17 | €3k | €18k | €42k |
| Amounts payable within one year | 42/48 | €244k | €315k | €291k |
| Trade debts payable within one year | 44 | €165k | €254k | €238k |
| Income statement | ||||
| Gross operating margin | 9900 | €530k | €454k | €469k |
| Operating result | 9901 | €73k | €25k | €49k |
| Financial income | 75 | €632 | €595 | €737 |
| Financial charges | 65 | €2k | €2k | €2k |
| Result before taxes | 9903 | €71k | €-2k | €47k |
| Income taxes | 67/77 | €20k | €391 | €17k |
| Net result for the period | 9904 | €51k | €-2k | €31k |
| Result to be appropriated | 9905 | €51k | €-2k | €31k |
Legal Structure
| NACE primary | Site preparation(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 10-02-2006 |
| Status | Active |
| Postal code | 3530 |
Establishment units
Aqua-Vrijsen Algemene Aanneming
since 20062.152.507.204
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014C0461/00Y000 | Flanders | 2,253 m² | 1 · 501 m² | 8.7 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
30-06
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-2k ▼107%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Site preparation4312045112Specialised construction activities43130
Names & trade names
| Legal nameNL | AQUA-VRIJSEN ALGEMENE AANNEMING |
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