ACTIVE

M-AQUATRANS

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Financial year 2025 · closed on 31/12/2025

Net result

145,5 k €

-72.0% YoY

Gross margin

1,6 M €

+296.9% YoY

Equity

1,6 M €

+9.9% YoY

Workforce

7,1 ETP

+16.4% YoY

What does M-AQUATRANS do?

M-AQUATRANS is a Private limited company incorporated in 2000. Its main activity is: Inland freight water transport. Its registered office is in Antwerpen. It employs on average 7,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.934.604

Incorporation

16/02/2000

Legal form

Private limited company

Registered office

Ledeganckkaai 15 box 202
2000 Antwerpen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

7,1 ETP

Activities (NACE)

50400Inland freight water transport· main 50400Inland freight water transport 61200Wireless telecommunications activities

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	+297%	401,5 k €	-66.5%	1,2 M €	-21.1%	1,5 M €	+96.7%	771,4 k €	+23.9%	622,7 k €	+83.1%	340,1 k €	+200%	113,4 k €	-17.7%	137,8 k €	+18.3%	116,5 k €	-15.9%	138,4 k €	-29.5%	196,3 k €	+58.6%	123,8 k €	-30.4%	177,8 k €	+2.5%	173,5 k €	-15.0%	204,1 k €	+37.9%	148 k €	+11.3%	133 k €	+4.0%	127,9 k €
EBITDA	737,3 k €	+419%	-231,2 k €	-139%	592,2 k €	-44.2%	1,1 M €	+169%	394,8 k €	-32.4%	584,2 k €	+78.9%	326,6 k €	+206%	106,6 k €	-18.5%	130,8 k €	+49.3%	87,6 k €	+195%	29,7 k €	-63.0%	80,4 k €	+58.1%	50,8 k €	-46.5%	95 k €	-10.9%	106,6 k €	-27.4%	146,9 k €	+33.2%	110,3 k €	-15.4%	130,4 k €	+5.0%	124,2 k €
Operating result	276,3 k €	+140%	-691,2 k €	-568%	147,6 k €	-76.2%	620,1 k €	+478%	107,3 k €	-68.3%	338,9 k €	+177%	122,3 k €	+15.4%	105,9 k €	-12.8%	121,6 k €	+82.1%	66,7 k €	+580%	9,8 k €	-67.1%	29,8 k €	+7569%	389,2 €	-99.3%	57,6 k €	+12.1%	51,4 k €	-43.7%	91,2 k €	+63.8%	55,7 k €	+177%	20,1 k €	-34.6%	30,7 k €
Net result	145,5 k €	-72.0%	518,7 k €	+3256%	15,5 k €	-95.6%	352,7 k €	+5755%	6 k €	-96.5%	171,4 k €	+362%	37,1 k €	-36.5%	58,5 k €	-26.5%	79,5 k €	+125%	35,4 k €	+7885%	442,8 €	-97.3%	16,2 k €	+320%	-7,4 k €	-117%	43,4 k €	+82.3%	23,8 k €	-51.6%	49,1 k €	+156%	19,2 k €	+4414%	424,9 €	-97.1%	14,4 k €
Balance sheet
Equity	1,6 M €	+9.9%	1,5 M €	+54.6%	949,8 k €	+1.7%	934,4 k €	+60.6%	581,7 k €	+30.0%	447,6 k €	+9.6%	408,2 k €	+11.0%	367,9 k €	+18.9%	309,4 k €	+34.6%	229,9 k €	+18.2%	194,5 k €	+0.2%	194,1 k €	+0.6%	192,9 k €	-3.7%	200,2 k €	+27.7%	156,8 k €	+17.9%	133 k €	+58.6%	83,9 k €	+29.6%	64,7 k €	+0.7%	64,3 k €
Total assets	4,2 M €	-3.2%	4,4 M €	-8.1%	4,7 M €	-9.7%	5,3 M €	-2.1%	5,4 M €	+35.7%	4 M €	+6.3%	3,7 M €	+751%	437,1 k €	+18.5%	368,7 k €	+33.6%	276,1 k €	+19.6%	230,8 k €	-21.9%	295,5 k €	-18.6%	362,9 k €	-13.9%	421,5 k €	-10.4%	470,5 k €	-5.8%	499,5 k €	-11.9%	566,8 k €	-0.5%	569,9 k €	-14.2%	664,4 k €
Cash	31,4 k €	-50.1%	62,9 k €	-56.1%	143,4 k €	-45.1%	261,1 k €	-5.5%	276,2 k €	+44.7%	190,8 k €	+8.0%	176,7 k €	-51.2%	361,7 k €	+140%	150,7 k €	-18.9%	185,8 k €	+26.4%	147 k €	-30.2%	210,6 k €	+6.6%	197,5 k €	-28.4%	275,7 k €	-9.8%	305,6 k €	-5.3%	322,7 k €	+12.1%	287,9 k €	+10.0%	261,8 k €	-8.0%	284,4 k €
Debts	2,4 M €	-11.5%	2,7 M €	-25.8%	3,6 M €	-13.2%	4,2 M €	-10.4%	4,7 M €	+36.2%	3,4 M €	+5.7%	3,3 M €	+7944%	40,5 k €	+44.4%	28,1 k €	-28.8%	39,4 k €	+17.2%	33,6 k €	-60.7%	85,7 k €	-46.9%	161,5 k €	-22.6%	208,7 k €	-32.4%	308,7 k €	-14.1%	359,4 k €	-25.6%	482,8 k €	-4.0%	503,2 k €	-15.8%	597,3 k €
Other
Workforce	7,1 ETP	+16.4%	6,1 ETP	-1.6%	6,2 ETP	-4.6%	6,5 ETP	+8.3%	6,0 ETP		–		–		–		–		0,8 ETP	-68.0%	2,5 ETP	-16.7%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	+1600%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

MARACAY

Director · 0810.211.801

Represented by Straatman Dylan

Active

Ended mandates

Ann Mariette Vermeiren

Director · since 01 octobre 2023

Ended

Lino Michon

Director · since 08 février 2002

Ended

Lino Michon

Director · since 08 février 2000 · until 30 septembre 2023

Ended

Lino Michon

Manager · since 08 février 2000

Ended

At this address

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Padamo● Active	1031.056.946
Tahmaseb Invest● Active	0502.658.651
WESLANDS FARM● Bankrupt	0747.517.434

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	25/08/2026	29/07/2025	26/06/2024	20/07/2023	01/07/2022	23/07/2021
General meeting	20/08/2026	30/06/2025	24/06/2024	30/06/2023	27/06/2022	28/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/08/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	12/07/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	13/07/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 9 ended

Active mandates

MARACAY

Director · 0810.211.801

Represented by Straatman Dylan

Active

Ended mandates

Ann Mariette Vermeiren

Director · since 01 octobre 2023

Ended

Lino Michon

Director · since 08 février 2002

Ended

Lino Michon

Director · since 08 février 2000 · until 30 septembre 2023

Ended

Lino Michon

Manager · since 08 février 2000

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office12/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/01/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other09/05/2016
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office22/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/12/2013
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 2025145,5 k €↓
2024
Annual accounts 2024518,7 k €↑
2023
Annual accounts 202315,5 k €↓
2022
Annual accounts 2022352,7 k €↑
2021
Annual accounts 20216 k €↓
2019
Annual accounts 2019171,4 k €↑
2018
Annual accounts 201837,1 k €↓
2017
Annual accounts 201758,5 k €↓
2016
Annual accounts 201679,5 k €↑
2015
Annual accounts 201535,4 k €↑
2014
Annual accounts 2014442,8 €↓
2013
Annual accounts 201316,2 k €↑
2012
Annual accounts 2012-7,4 k €↓
2011
Annual accounts 201143,4 k €↑
2010
Annual accounts 201023,8 k €↓
2009
Annual accounts 200949,1 k €↑
2008
Annual accounts 200819,2 k €↑
2007
Annual accounts 2007424,9 €↓
2006
Annual accounts 200614,4 k €
16/02/2000
IncorporationPrivate 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

M-AQUATRANS

Overview

What does M-AQUATRANS 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