AQUALIS
0465.435.890 · rovalta.com · 23/09/2026
ACTIVE
AQUALIS
Financial year 2025 · closed on 31/12/2025
Net result
109,2 k €
-26.6% YoY
Revenue
1,4 M €
+0.2% YoY
Equity
10,9 M €
-0.0% YoY
Workforce
1,1 ETP
0.0% YoY
Overview
What does AQUALIS do?
AQUALIS is a Cooperative company with limited liability incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Spa. It employs on average 1,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.435.890
Incorporation
12/02/1999
Legal form
Cooperative company with limited liability
Registered office
Rue de l'Hôtel de Ville 44
4900 Spa · WallonieSee on map
4900 Spa · WallonieSee on map
Contributed capital
14 549 405,21 €
Latest accounts
31/12/2025
Average workforce
1,1 ETP
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate79901Other reservation service and related activities79901Other reservation service and related activities79901Other reservation service and related activities79901Other reservation service and related activities
Joint committees (1)
- 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 1,4 M € | +0.2% | 1,4 M € | +10.2% | 1,3 M € | +27.7% | 983,2 k € | +71.3% | 574,1 k € | -33.6% | 864,7 k € | -15.0% | 1 M € | -7.9% | 1,1 M € | +11.7% | 988,8 k € | +3.8% | 952,9 k € | +1.7% | 936,6 k € | +4.9% | 892,5 k € | -11.5% | 1 M € | +6.1% | 950,6 k € | +17.8% | 807 k € | -6.0% | 858,5 k € | +2.8% | 835,3 k € | -25.6% | 1,1 M € | +8.2% | 1 M € | +13.3% | 915,1 k € |
| EBITDA | 937,7 k € | +1.0% | 928,1 k € | +21.9% | 761,3 k € | +42.4% | 534,6 k € | +222% | 165,9 k € | -61.6% | 431,9 k € | -31.2% | 628 k € | +37.5% | 456,7 k € | +1.7% | 449,2 k € | +18.7% | 378,3 k € | +22.0% | 310 k € | +10.1% | 281,7 k € | +29.6% | 217,4 k € | -71.4% | 761,3 k € | +3.3% | 737,3 k € | +9.5% | 673,4 k € | +1.6% | 662,7 k € | -13.4% | 765 k € | +11.1% | 688,4 k € | -1.9% | 701,7 k € |
| Operating result | -232,9 k € | -24.2% | -187,5 k € | +48.1% | -361,2 k € | +37.6% | -579 k € | +36.1% | -905,9 k € | -54.6% | -585,9 k € | -51.9% | -385,8 k € | +30.5% | -554,7 k € | +5.3% | -585,5 k € | +9.2% | -644,6 k € | +10.5% | -720,5 k € | -2.3% | -704,1 k € | +7.7% | -763 k € | -289% | -196,3 k € | +5.2% | -207 k € | +18.5% | -253,8 k € | -4.3% | -243,3 k € | -14.7% | -212,2 k € | +24.4% | -280,7 k € | -0.1% | -280,4 k € |
| Net result | 109,2 k € | -26.6% | 148,9 k € | +396% | -50,2 k € | +81.9% | -278,1 k € | +54.9% | -617 k € | -93.0% | -319,6 k € | -183% | -112,9 k € | +60.6% | -286,6 k € | +11.7% | -324,5 k € | +16.4% | -388 k € | +17.1% | -467,8 k € | +12.7% | -535,8 k € | +15.6% | -634,8 k € | -2889% | 22,8 k € | +408% | -7,4 k € | +89.6% | -71,2 k € | +7.9% | -77,4 k € | -180% | 96,7 k € | +294% | 24,6 k € | +141% | -60,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 10,9 M € | -0.0% | 10,9 M € | +0.4% | 10,9 M € | 0.0% | 10,9 M € | +0.5% | 10,8 M € | -1.2% | 10,9 M € | +1.3% | 10,8 M € | +7.2% | 10,1 M € | -7.3% | 10,9 M € | -5.6% | 11,5 M € | -5.6% | 12,2 M € | -3.1% | 12,6 M € | -6.3% | 13,4 M € | -5.3% | 14,2 M € | -5.5% | 15 M € | -5.0% | 15,8 M € | -4.7% | 16,6 M € | -3.7% | 17,2 M € | -4.2% | 18 M € | -3.0% | 18,5 M € |
| Total assets | 11,9 M € | -3.7% | 12,4 M € | -3.4% | 12,8 M € | -4.9% | 13,4 M € | -4.8% | 14,1 M € | +2.8% | 13,7 M € | -2.4% | 14,1 M € | +0.9% | 13,9 M € | -7.1% | 15 M € | -6.3% | 16 M € | -6.4% | 17,1 M € | -8.5% | 18,7 M € | -4.1% | 19,5 M € | -6.0% | 20,7 M € | -7.0% | 22,3 M € | -2.8% | 22,9 M € | -7.3% | 24,7 M € | -3.9% | 25,8 M € | -2.0% | 26,3 M € | -6.0% | 28 M € |
| Cash | 731,5 k € | -14.9% | 859,3 k € | +88.2% | 456,5 k € | +50.9% | 302,5 k € | -19.2% | 374,3 k € | -48.4% | 725,3 k € | -39.3% | 1,2 M € | +136% | 506,2 k € | +208% | 164,3 k € | -5.4% | 173,8 k € | +4.8% | 165,8 k € | +42.7% | 116,2 k € | +22.4% | 95 k € | -60.0% | 237,8 k € | -69.5% | 780,1 k € | -55.8% | 1,8 M € | -32.8% | 2,6 M € | +2.2% | 2,6 M € | +944% | 246,1 k € | -56.0% | 558,7 k € |
| Debts | 970,3 k € | -31.9% | 1,4 M € | -19.8% | 1,8 M € | -23.9% | 2,3 M € | -20.8% | 2,9 M € | +25.6% | 2,3 M € | -14.7% | 2,8 M € | -13.3% | 3,2 M € | -10.1% | 3,5 M € | -7.4% | 3,8 M € | -8.9% | 4,2 M € | -22.1% | 5,4 M € | +1.6% | 5,3 M € | -7.2% | 5,7 M € | -10.5% | 6,4 M € | +3.5% | 6,2 M € | -13.2% | 7,1 M € | -4.1% | 7,4 M € | +5.1% | 7 M € | -12.9% | 8,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 1,1 ETP | 0.0% | 1,1 ETP | 0.0% | 1,1 ETP | -42.1% | 1,9 ETP | -24.0% | 2,5 ETP | -26.5% | 3,4 ETP | -10.5% | 3,8 ETP | -7.3% | 4,1 ETP | -8.9% | 4,5 ETP | 0.0% | 4,5 ETP | 0.0% | 4,5 ETP | +2.3% | 4,4 ETP | -2.2% | 4,5 ETP | 0.0% | 4,5 ETP | +12.5% | 4,0 ETP | +8.1% | 3,7 ETP | -22.9% | 4,8 ETP | -7.7% | 5,2 ETP | +15.6% | 4,5 ETP | +28.6% | 3,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 14 active · 230 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0563.960.968 | |
Commune de Spa● Active | 0206.768.366 |
| 0823.039.357 | |
Festival Royal de Théâtre de Spa● Active | 0458.549.979 |
| 0567.609.356 |
Financials
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 | 18/06/2026 | 08/07/2025 | 01/07/2024 | 05/07/2023 | 14/06/2022 | 03/08/2021 |
| General meeting | 03/06/2026 | 04/06/2025 | 05/06/2024 | 07/06/2023 | 01/06/2022 | 02/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 03/06/2026 | 18/06/2026 | French | |
| Abridged model | 31/12/2024 | 04/06/2025 | 08/07/2025 | French | |
| Abridged model | 31/12/2023 | 05/06/2024 | 01/07/2024 | French | |
| Abridged model | 31/12/2022 | 07/06/2023 | 05/07/2023 | French | |
| Abridged model | 31/12/2021 | 01/06/2022 | 14/06/2022 | French | |
| Abridged model | 31/12/2020 | 02/06/2021 | 03/08/2021 | French | |
| Abridged model | 31/12/2019 | 30/09/2020 | 05/10/2020 | French | |
| Abridged model | 31/12/2018 | 05/06/2019 | 24/06/2019 | French | |
| Abridged model | 31/12/2017 | 06/06/2018 | 21/06/2018 | French | |
| Abridged model | 31/12/2016 | 07/06/2017 | 22/06/2017 | French | |
| Full model | 31/12/2015 | 01/06/2016 | 30/06/2016 | French | |
| Full model | 31/12/2014 | 03/06/2015 | 07/07/2015 | French | |
| Full model | 31/12/2013 | 04/06/2014 | 17/06/2014 | French | |
| Full model | 31/12/2012 | 05/06/2013 | 24/06/2013 | French | |
| Full model | 31/12/2011 | 06/06/2012 | 21/06/2012 | French | |
| Full model | 31/12/2010 | 01/06/2011 | 06/06/2011 | French | |
| Full model | 31/12/2009 | 02/06/2010 | 23/06/2010 | French | |
| Full model | 31/12/2008 | 03/06/2009 | 14/07/2009 | French | |
| Full model | 31/12/2007 | 04/06/2008 | 06/06/2008 | French | |
| Full model | 31/12/2006 | 06/06/2007 | 10/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 14 active · 230 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates23/12/2025DEMISSIONS, NOMINATIONS
- Mandates26/09/2025DEMISSIONS, NOMINATIONS
- Mandates24/07/2024DEMISSIONS, NOMINATIONS
- Mandates12/04/2024DEMISSIONS, NOMINATIONS
- Other14/12/2023OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates13/11/2023DEMISSIONS, NOMINATIONS
- Mandates01/09/2022DEMISSIONS, NOMINATIONS
- Mandates27/01/2021DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025109,2 k €↓
- 2024Annual accounts 2024148,9 k €↑
- 2023Annual accounts 2023-50,2 k €↑
- 2022Annual accounts 2022-278,1 k €↑
- 2021Annual accounts 2021-617 k €↓
- 2020Annual accounts 2020-319,6 k €↓
- 2019Annual accounts 2019-112,9 k €↑
- 2018Annual accounts 2018-286,6 k €↑
- 2017Annual accounts 2017-324,5 k €↑
- 2016Annual accounts 2016-388 k €↑
- 2015Annual accounts 2015-467,8 k €↑
- 2014Annual accounts 2014-535,8 k €↑
- 2013Annual accounts 2013-634,8 k €↓
- 2012Annual accounts 201222,8 k €↑
- 2011Annual accounts 2011-7,4 k €↑
- 2010Annual accounts 2010-71,2 k €↑
- 2009Annual accounts 2009-77,4 k €↓
- 2008Annual accounts 200896,7 k €↑
- 2007Annual accounts 200724,6 k €↑
- 2006Annual accounts 2006-60,6 k €
- 12/02/1999IncorporationCooperative company with limited liability