ACTIVE

AQUA.COM

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-38.6% YoY

Revenue

23,1 M €

-1.6% YoY

Equity

9,7 M €

+13.2% YoY

Workforce

13,8 ETP

+6.2% YoY

What does AQUA.COM do?

AQUA.COM is a Public limited company incorporated in 1993. Its main activity is: Construction of water projects. Its registered office is in Koekelare. It employs on average 13,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.488.397

Incorporation

02/03/1993

Legal form

Public limited company

Registered office

Brouwerijstraat 14
8680 Koekelare · FlandreSee on map

Contributed capital

247 893,52 €

Latest accounts

31/12/2025

Average workforce

13,8 ETP

Activities (NACE)

42911Construction of water projects· main 42911Construction of water projects 45241Maintenance and repair of motor vehicles 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51872Air transport

Joint committees (4)

14904
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	23,1 M €	-1.6%	23,5 M €	+1.4%	23,1 M €	-3.2%	23,9 M €	-2.1%	24,4 M €	+28.5%	19 M €	+5.0%	18,1 M €	+14.3%	15,9 M €	+5.3%	15,1 M €	+18.2%	12,7 M €	-6.1%	13,6 M €	+19.5%	11,4 M €	+13.3%	10 M €	+9.1%	9,2 M €	+9.2%	8,4 M €		–		6,8 M €	+1.6%	6,7 M €	+14.0%	5,8 M €
EBITDA	1,9 M €	-19.6%	2,3 M €	+17.7%	2 M €	-38.7%	3,3 M €	+9.6%	3 M €	+35.1%	2,2 M €	+6.3%	2,1 M €	-6.2%	2,2 M €	+29.4%	1,7 M €	+15.2%	1,5 M €	-1.3%	1,5 M €	+35.6%	1,1 M €	+72.9%	639,2 k €	-23.2%	832,6 k €	+5.8%	786,7 k €	-23.1%	1 M €	+34.3%	762,4 k €	+48.6%	513,1 k €	-5.4%	542,6 k €
Operating result	1,4 M €	-39.6%	2,3 M €	+19.5%	1,9 M €	-39.4%	3,2 M €	+11.7%	2,8 M €	+36.2%	2,1 M €	+9.0%	1,9 M €	-5.4%	2 M €	+33.1%	1,5 M €	+13.7%	1,3 M €	-3.9%	1,4 M €	+37.2%	1 M €	+102%	502,9 k €	-36.7%	794,8 k €	+5.7%	752 k €	+10.3%	681,6 k €	+3.3%	660,1 k €	+50.2%	439,4 k €	-3.5%	455,4 k €
Net result	1,1 M €	-38.6%	1,8 M €	+18.1%	1,6 M €	-29.0%	2,2 M €	+3.1%	2,1 M €	+32.7%	1,6 M €	+23.7%	1,3 M €	-4.8%	1,4 M €	+45.3%	941,6 k €	+7.5%	875,7 k €	-9.1%	963,4 k €	+58.3%	608,5 k €	+74.3%	349,1 k €	-36.4%	548,8 k €	+18.2%	464,3 k €	-0.6%	467,3 k €	+15.1%	406,1 k €	+38.1%	294,2 k €	+9.6%	268,5 k €
Balance sheet
Equity	9,7 M €	+13.2%	8,6 M €	+2.9%	8,3 M €	+0.8%	8,3 M €	+2.5%	8,1 M €	+1.7%	7,9 M €	+8.4%	7,3 M €	+9.0%	6,7 M €	+25.6%	5,3 M €	+13.6%	4,7 M €	+8.7%	4,3 M €	+15.0%	3,8 M €	+8.9%	3,5 M €	+11.2%	3,1 M €	+26.3%	2,5 M €	+23.3%	2 M €	+30.6%	1,5 M €	+11.4%	1,4 M €	+9.2%	1,3 M €
Total assets	13,3 M €	+2.6%	12,9 M €	-7.0%	13,9 M €	-13.7%	16,1 M €	+14.8%	14 M €	+9.4%	12,8 M €	+20.2%	10,7 M €	+11.4%	9,6 M €	+3.1%	9,3 M €	+12.3%	8,3 M €	+0.5%	8,2 M €	+29.5%	6,4 M €	+19.0%	5,3 M €	+8.7%	4,9 M €	+19.1%	4,1 M €	-0.6%	4,2 M €	+25.8%	3,3 M €	+13.4%	2,9 M €	+12.1%	2,6 M €
Cash	125,5 k €	-70.7%	427,5 k €	-8.3%	466 k €	+15.0%	405,4 k €	-26.3%	549,7 k €	+113%	258 k €	-88.2%	2,2 M €	+31.9%	1,7 M €	+48.1%	1,1 M €	+37.0%	818,4 k €	-50.6%	1,7 M €	+62.1%	1 M €	+57.1%	651 k €	+26.3%	515,5 k €	-8.4%	562,5 k €	-17.5%	681,5 k €	+161%	260,7 k €	-27.8%	360,8 k €	-15.0%	424,3 k €
Debts	2,9 M €	-28.4%	4,1 M €	-21.9%	5,3 M €	-29.0%	7,4 M €	+30.6%	5,7 M €	+22.6%	4,6 M €	+39.7%	3,3 M €	+16.8%	2,8 M €	-24.0%	3,7 M €	+8.4%	3,4 M €	-8.9%	3,8 M €	+59.2%	2,4 M €	+32.4%	1,8 M €	+6.5%	1,7 M €	+8.0%	1,6 M €	-21.7%	2 M €	+15.9%	1,7 M €	+16.9%	1,5 M €	+15.2%	1,3 M €
Other
Workforce	13,8 ETP	+6.2%	13,0 ETP	-5.1%	13,7 ETP	+7.9%	12,7 ETP	+3.3%	12,3 ETP	+6.0%	11,6 ETP	+4.5%	11,1 ETP	+0.9%	11,0 ETP	+1.9%	10,8 ETP	+6.9%	10,1 ETP	+5.2%	9,6 ETP	0.0%	9,6 ETP	+1.1%	9,5 ETP	+1.1%	9,4 ETP	+16.0%	8,1 ETP	+1.2%	8,0 ETP	-1.2%	8,1 ETP	-9.0%	8,9 ETP	+25.4%	7,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 32 ended

Active mandates

EC CONSULT

Director · since 23 janvier 2026 · until 13 juin 2030 · 0739.756.939

Represented by Erik Claus

Active

POLLET WATER GROUP

Managing director · since 23 janvier 2026 · until 13 juin 2030 · 0832.152.409

Represented by Sofie Pollet

Active

REVOLVE

Chairman of the board of directors · since 23 janvier 2026 · until 13 juin 2030 · 0889.378.350

Represented by Sofie Pollet Pollet

Active

Ended mandates

POLLET WATER GROUP

Managing director · since 07 octobre 2024 · until 23 janvier 2026 · 0832.152.409

Represented by Sofie Pollet

Ended

REVOLVE

Chairman of the board of directors · since 07 octobre 2024 · until 23 janvier 2026 · 0889.378.350

Represented by Sofie Pollet Pollet

Ended

Daniël Claus

Director · since 24 janvier 2020 · until 31 janvier 2023

Ended

Daniël Claus

Director · since 24 janvier 2020 · until 23 janvier 2026

Ended

At this address

Other companies at this address

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ALTRANS● Active	0421.128.072
BAYARD EUROPE● Active	0431.073.245
DELTA WATER ENGINEERING● Active	0863.958.709
HEMOTECH BELUX● Active	0474.412.845
NEAS● Active	0656.879.446
PIDGON● Active	0518.917.237
POGAM● Active	0453.421.451
POLLET GROUP● Active	0421.202.704
POLLET INFORMATION TECHNOLOGY● Active	0782.933.718
POLLET MEDICAL GROUP● Active	0718.614.107
POLLET POOL GROUP● Active	1014.985.135
POLLET WATER GROUP● Active	0832.152.409
PPG Belgium● Active	0419.321.102
REALPOL● Active	0507.697.406
SUKO● Active	0454.444.010
TERBASSENWEI● Active	0406.109.306
UNIMID● Active	0417.967.456

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	29/07/2025	29/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	26/08/2024	08/06/2023	09/06/2022	10/06/2021
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
Full model	31/12/2025	30/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Full model	31/12/2023	26/08/2024	29/08/2024	Dutch	PDF
Full model	31/12/2022	08/06/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	09/06/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	24/07/2020	Dutch	PDF
Full model	31/12/2018	13/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	07/08/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	09/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	30/08/2015	Dutch	PDF
Full model	31/12/2013	12/06/2014	31/08/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	20/06/2012	Dutch	PDF
Full modelCorrection	31/12/2010	31/08/2011	16/09/2011	Dutch	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 32 ended

Active mandates

EC CONSULT

Director · since 23 janvier 2026 · until 13 juin 2030 · 0739.756.939

Represented by Erik Claus

Active

POLLET WATER GROUP

Managing director · since 23 janvier 2026 · until 13 juin 2030 · 0832.152.409

Represented by Sofie Pollet

Active

REVOLVE

Chairman of the board of directors · since 23 janvier 2026 · until 13 juin 2030 · 0889.378.350

Represented by Sofie Pollet Pollet

Active

Ended mandates

POLLET WATER GROUP

Managing director · since 07 octobre 2024 · until 23 janvier 2026 · 0832.152.409

Represented by Sofie Pollet

Ended

REVOLVE

Chairman of the board of directors · since 07 octobre 2024 · until 23 janvier 2026 · 0889.378.350

Represented by Sofie Pollet Pollet

Ended

Daniël Claus

Director · since 24 janvier 2020 · until 31 janvier 2023

Ended

Daniël Claus

Director · since 24 janvier 2020 · until 23 janvier 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates29/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2020
ONTSLAGEN - BENOEMINGEN
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 20251,1 M €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 20231,6 M €↓
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 20212,1 M €↑
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 20191,3 M €↓
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 2017941,6 k €↑
2016
Annual accounts 2016875,7 k €↓
2015
Annual accounts 2015963,4 k €↑
2014
Annual accounts 2014608,5 k €↑
2013
Annual accounts 2013349,1 k €↓
2012
Annual accounts 2012548,8 k €↑
2010
Annual accounts 2010464,3 k €↓
2009
Annual accounts 2009467,3 k €↑
2008
Annual accounts 2008406,1 k €↑
2007
Annual accounts 2007294,2 k €↑
2006
Annual accounts 2006268,5 k €
02/03/1993
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

AQUA.COM

Overview

What does AQUA.COM do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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