ACTIVE

AQUARELLA

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Financial year 2025 · closed on 31/12/2025

Net result

469,2 k €

-15.5% YoY

Gross margin

2,7 M €

+1.4% YoY

Equity

1,4 M €

+26.1% YoY

Workforce

32,2 ETP

+2.5% YoY

What does AQUARELLA do?

AQUARELLA is a Public limited company incorporated in 1983. Its registered office is in Destelbergen. It employs on average 32,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.013.922

Incorporation

17/05/1983

Legal form

Public limited company

Registered office

Haenhoutstraat 147
9070 Destelbergen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

32,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,7 M €	+1.4%	2,6 M €	+17.9%	2,2 M €	+16.6%	1,9 M €	+59.1%	1,2 M €	-5.7%	1,3 M €	+21.3%	1 M €	-5.8%	1,1 M €	+18.6%	938 k €	-15.5%	1,1 M €	+8.1%	1 M €	+6.3%	965,8 k €	-8.0%	1,1 M €	+5.6%	994,2 k €	-6.4%	1,1 M €	+2.1%	1 M €	-6.1%	1,1 M €
EBITDA	781,9 k €	-7.6%	846,6 k €	+45.6%	581,5 k €	+40.3%	414,4 k €	+64.4%	252,1 k €	-37.5%	403 k €	+65.6%	243,4 k €	-11.1%	273,7 k €	+82.9%	149,7 k €	+7.0%	139,9 k €	-3.5%	145,1 k €	+20.3%	120,6 k €	-20.6%	151,9 k €	+59.4%	95,2 k €	-57.3%	223 k €	+65.7%	134,6 k €	-21.4%	171,3 k €
Operating result	594,4 k €	-14.6%	696,2 k €	+57.7%	441,4 k €	+46.3%	301,7 k €	+81.4%	166,4 k €	-47.8%	318,9 k €	+78.3%	178,9 k €	-16.1%	213,1 k €	+107%	103,1 k €	+23.3%	83,6 k €	-15.0%	98,4 k €	+43.9%	68,4 k €	-12.6%	78,3 k €	+409%	15,4 k €	-88.8%	137,4 k €	+203%	45,4 k €	-48.2%	87,6 k €
Net result	469,2 k €	-15.5%	555,1 k €	+78.5%	311 k €	+33.5%	233 k €	+86.1%	125,1 k €	-46.4%	233,6 k €	+118%	107 k €	-11.4%	120,7 k €	+111%	57,3 k €	+33.8%	42,8 k €	-30.0%	61,1 k €	+24.1%	49,3 k €	-18.1%	60,2 k €	+3749%	1,6 k €	-98.7%	118 k €	+337%	27 k €	-66.0%	79,5 k €
Balance sheet
Equity	1,4 M €	+26.1%	1,1 M €	+26.9%	872,7 k €	+52.6%	571,7 k €	-27.7%	790,5 k €	-11.1%	889,7 k €	+29.0%	689,7 k €	+18.5%	582,1 k €	+26.2%	461,3 k €	+14.2%	404,1 k €	+11.8%	361,3 k €	+20.4%	300,1 k €	+2.1%	294 k €	+0.1%	293,8 k €	+0.1%	293,6 k €	-0.7%	295,5 k €	-1.9%	301,4 k €
Total assets	3 M €	+8.7%	2,8 M €	+7.4%	2,6 M €	+0.8%	2,6 M €	+114%	1,2 M €	-12.2%	1,4 M €	+24.5%	1,1 M €	+20.3%	915,9 k €	+19.0%	769,3 k €	-19.1%	950,6 k €	+13.4%	838,2 k €	+6.7%	785,2 k €	+5.2%	746,5 k €	-1.7%	759,2 k €	-18.9%	936,4 k €	+5.5%	887,9 k €	-21.5%	1,1 M €
Cash	404,6 k €	+13.4%	356,9 k €	+74.9%	204 k €	-2.4%	209,1 k €		–		140,3 k €	+123%	62,8 k €	+26.0%	49,8 k €	+11.2%	44,8 k €	+112%	21,1 k €	-26.3%	28,6 k €	-16.8%	34,4 k €	+90.0%	18,1 k €	-57.6%	42,7 k €	-49.3%	84,2 k €	+8289%	1 k €	-97.8%	45,3 k €
Debts	1,6 M €	-3.1%	1,6 M €	-0.5%	1,6 M €	-16.0%	1,9 M €	+367%	413,4 k €	-14.1%	481 k €	+16.8%	411,6 k €	+23.3%	333,8 k €	+8.4%	308 k €	-41.9%	530,1 k €	+11.1%	476,9 k €	-1.7%	485,1 k €	+7.2%	452,6 k €	-2.8%	465,4 k €	-26.5%	633,5 k €	+6.9%	592,3 k €	-28.6%	829,3 k €
Other
Workforce	32,2 ETP	+2.5%	31,4 ETP	+1.9%	30,8 ETP	+9.2%	28,2 ETP	+48.4%	19,0 ETP		–		–		–		15,8 ETP	-24.4%	20,9 ETP	+3.5%	20,2 ETP	+1.5%	19,9 ETP	-2.0%	20,3 ETP	-5.1%	21,4 ETP	+1.4%	21,1 ETP	-7.0%	22,7 ETP	-9.6%	25,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

JP&CO

Gedelegeerd bestuurder · since 29 décembre 2021 · until 20 mai 2027 · 0778.799.340

Represented by Peter Belaen

Active

Ended mandates

JP&CO

Gedelegeerd bestuurder · since 29 décembre 2021 · 0778.799.340

Represented by Peter Belaen

Ended

Julie Vandenbroucke

Bestuurder · since 29 décembre 2021 · until 03 mai 2022

Ended

DECOFORA

Director · 0465.110.545

Represented by MARC SMITS

Ended

DECOFORA

Managing director · 0465.110.545

Represented by MARC SMITS

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	28/07/2025	24/07/2024	24/07/2023	27/09/2022	17/08/2021
General meeting	18/06/2026	10/07/2025	16/07/2024	22/06/2023	23/06/2022	20/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/07/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	16/07/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	22/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	23/06/2022	27/09/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	23/05/2019	23/07/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	24/05/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2017	24/05/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	22/05/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	23/05/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	24/05/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	22/05/2008	27/05/2008	Dutch	PDF
Full model	31/12/2006	24/05/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

JP&CO

Gedelegeerd bestuurder · since 29 décembre 2021 · until 20 mai 2027 · 0778.799.340

Represented by Peter Belaen

Active

Ended mandates

JP&CO

Gedelegeerd bestuurder · since 29 décembre 2021 · 0778.799.340

Represented by Peter Belaen

Ended

Julie Vandenbroucke

Bestuurder · since 29 décembre 2021 · until 03 mai 2022

Ended

DECOFORA

Director · 0465.110.545

Represented by MARC SMITS

Ended

DECOFORA

Managing director · 0465.110.545

Represented by MARC SMITS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares23/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates17/05/2022
DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/04/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Capital / shares19/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Capital / shares19/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025469,2 k €↓
2024
Annual accounts 2024555,1 k €↑
2023
Annual accounts 2023311 k €↑
2022
Annual accounts 2022233 k €↑
2020
Annual accounts 2020125,1 k €↓
2019
Annual accounts 2019233,6 k €↑
2018
Annual accounts 2018107 k €↓
2017
Annual accounts 2017120,7 k €↑
2016
Annual accounts 201657,3 k €↑
2015
Annual accounts 201542,8 k €↓
2014
Annual accounts 201461,1 k €↑
2013
Annual accounts 201349,3 k €↓
2012
Annual accounts 201260,2 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 2010118 k €↑
2009
Annual accounts 200927 k €↓
2008
Annual accounts 200879,5 k €
17/05/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AQUARELLA

Overview

What does AQUARELLA do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline