ACTIVE

Aquafarm

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Financial year 2025 · closed on 31/03/2025

Net result

15,6 k €

-29.5% YoY

Gross margin

34,4 k €

-74.1% YoY

Equity

334,2 k €

+4.9% YoY

Workforce

0,0 ETP

-100.0% YoY

What does Aquafarm do?

Aquafarm is a Public limited company incorporated in 2003. Its main activity is: Freshwater aquaculture. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.563.446

Incorporation

17/02/2003

Legal form

Public limited company

Registered office

Zwanenstraat 105
3520 Zonhoven · FlandreSee on map

Contributed capital

362 000,00 €

Latest accounts

31/03/2025

Average workforce

0,0 ETP

Activities (NACE)

03220Freshwater aquaculture· main 03220Freshwater aquaculture 05020Mining of coal and lignite

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	34,4 k €	-74.1%	133,1 k €	+115%	61,9 k €	-60.1%	155,4 k €	+162%	59,2 k €	-39.1%	97,2 k €	+50.8%	64,5 k €	-18.9%	79,5 k €	+19.7%	66,4 k €	-9.4%	73,4 k €	-30.7%	105,9 k €	+7.8%	98,2 k €	+202%	32,5 k €	-61.4%	84,2 k €	-21.1%	106,7 k €	+22.7%	87 k €	+401%	17,4 k €	+106%	-297,7 k €	-190%	329,4 k €
EBITDA	-48 k €	-168%	71,1 k €	+70.4%	41,7 k €	-66.5%	124,7 k €	+240%	36,7 k €	-51.9%	76,4 k €	+80.1%	42,4 k €	-19.9%	53 k €	+18.8%	44,6 k €	-0.5%	44,8 k €	-45.0%	81,5 k €	+18.2%	68,9 k €	+2911%	2,3 k €	-94.9%	45,2 k €	-27.7%	62,6 k €	-27.6%	86,4 k €	+426%	16,4 k €	+105%	-298,8 k €	-319%	136,2 k €
Operating result	21 k €	-35.3%	32,5 k €	+42.5%	22,8 k €	+60.0%	14,2 k €	-46.7%	26,7 k €	-57.2%	62,4 k €	+817%	6,8 k €	-49.8%	13,6 k €	-3.8%	14,1 k €	+30.7%	10,8 k €	-77.7%	48,5 k €	+45.5%	33,4 k €	+209%	-30,7 k €	-315%	14,3 k €	-59.4%	35,1 k €	-43.0%	61,6 k €	+379%	12,9 k €	+108%	-162,4 k €	-1956%	-7,9 k €
Net result	15,6 k €	-29.5%	22,1 k €	+51.6%	14,6 k €	+38.5%	10,5 k €	-51.4%	21,6 k €	-62.0%	57 k €	+2947%	1,9 k €	-75.6%	7,7 k €	+4.0%	7,4 k €	-53.5%	15,8 k €	-66.8%	47,7 k €	+34.0%	35,6 k €	+216%	-30,6 k €	-333%	13,1 k €	-60.6%	33,3 k €	+79.9%	18,5 k €	+408%	3,6 k €	+102%	-174,4 k €	-493%	-29,4 k €
Balance sheet
Equity	334,2 k €	+4.9%	318,6 k €	+7.4%	296,5 k €	+5.2%	281,9 k €	+3.9%	271,4 k €	+8.7%	249,8 k €	+29.6%	192,8 k €	+1.0%	190,9 k €	+4.2%	183,3 k €	+4.2%	175,9 k €	+3.4%	170,1 k €	+23.8%	137,4 k €	+35.0%	101,8 k €	-23.1%	132,4 k €	+11.0%	119,2 k €	+38.7%	86 k €	+27.4%	67,5 k €	+5.7%	63,8 k €	-73.2%	238,2 k €
Total assets	395 k €	-18.2%	482,8 k €	-14.0%	561,7 k €	+3.7%	541,9 k €	-5.9%	576,2 k €	-5.6%	610,4 k €	+20.6%	506 k €	-13.9%	587,5 k €	+4.8%	560,7 k €	-18.4%	687,1 k €	-15.9%	817,3 k €	+18.2%	691,6 k €	-0.8%	697,1 k €	+6.3%	656 k €	+12.3%	584,2 k €	-3.3%	604,3 k €	+150%	241,9 k €	-10.0%	269 k €	-52.9%	571,3 k €
Cash	110,5 k €	-39.7%	183,2 k €	+260%	50,9 k €	-35.6%	79 k €	+77.3%	44,6 k €	-41.4%	76,1 k €	+71.9%	44,2 k €	-26.3%	60 k €	-27.0%	82,2 k €	+4.2%	78,9 k €	-19.4%	97,8 k €	-4.4%	102,4 k €	+374%	21,6 k €	-35.3%	33,4 k €	-19.2%	41,3 k €	+62.4%	25,4 k €	+111%	12 k €	+834%	1,3 k €	-87.9%	10,7 k €
Debts	58,6 k €	-62.6%	156,9 k €	-40.4%	263,5 k €	+1.7%	259,1 k €	-14.3%	302,4 k €	-16.1%	360,7 k €	+15.2%	313,2 k €	-18.2%	382,7 k €	+1.4%	377,4 k €	-26.2%	511,2 k €	-20.9%	646,2 k €	+16.7%	553,5 k €	-7.0%	595,3 k €	+13.7%	523,6 k €	+12.6%	464,9 k €	-10.3%	518,3 k €	+197%	174,5 k €	-14.9%	205,1 k €	-38.4%	333,1 k €
Other
Workforce	0,0 ETP	-100%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	-14.3%	0,7 ETP	+40.0%	0,5 ETP	-37.5%	0,8 ETP	-38.5%	1,3 ETP		–		–		–		3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 54 ended

Active mandates

B & M Mng.

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0846.721.611

Represented by Veronica JULIA BIJNENS

Active

BG Management

Managing director · since 20 septembre 2024 · until 20 septembre 2030 · 0849.218.766

Represented by Antoon JACQUES BIJNENS

Active

Bij-Timm

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0849.598.452

Represented by Dominic JOANNES BIJNENS

Active

H&B Mng.

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0845.704.990

Represented by Caroline MARIA BIJNENS

Active

Ended mandates

B & M Mng.

Director · since 15 juin 2018 · until 15 juin 2024 · 0846.721.611

Represented by Veronica Julia Bijnens

Ended

B & M Mng.

Director · since 15 juin 2018 · until 15 juin 2024 · 0846.721.611

Represented by Veronica Bijnens

Ended

BG Management

Managing director · since 15 juin 2018 · until 15 juin 2024 · 0849.218.766

Represented by Antoon Jacques Bijnens

Ended

BG Management

Managing director · since 15 juin 2018 · until 15 juin 2024 · 0849.218.766

Represented by Antoon Bijnens

Ended

At this address

Other companies at this address

Company	CBE no.
B & M Mng.● Active	0846.721.611
H&B Mng.● Active	0845.704.990
HEIDESTRAND● Active	0436.499.208
RECREATIE HEIDESTRAND● Active	0479.584.826
VZW Recreant Heidestrand● Active	0789.408.665

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	15/10/2025	18/10/2024	30/06/2023	11/07/2022	30/06/2021	14/08/2020
General meeting	19/09/2025	20/09/2024	16/06/2023	17/06/2022	18/06/2021	28/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	19/09/2025	15/10/2025	Dutch	PDF
Abridged model	31/03/2024	20/09/2024	18/10/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/07/2020	14/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	28/10/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/03/2025 · 4 active · 54 ended

Active mandates

B & M Mng.

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0846.721.611

Represented by Veronica JULIA BIJNENS

Active

BG Management

Managing director · since 20 septembre 2024 · until 20 septembre 2030 · 0849.218.766

Represented by Antoon JACQUES BIJNENS

Active

Bij-Timm

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0849.598.452

Represented by Dominic JOANNES BIJNENS

Active

H&B Mng.

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0845.704.990

Represented by Caroline MARIA BIJNENS

Active

Ended mandates

B & M Mng.

Director · since 15 juin 2018 · until 15 juin 2024 · 0846.721.611

Represented by Veronica Julia Bijnens

Ended

B & M Mng.

Director · since 15 juin 2018 · until 15 juin 2024 · 0846.721.611

Represented by Veronica Bijnens

Ended

BG Management

Managing director · since 15 juin 2018 · until 15 juin 2024 · 0849.218.766

Represented by Antoon Jacques Bijnens

Ended

BG Management

Managing director · since 15 juin 2018 · until 15 juin 2024 · 0849.218.766

Represented by Antoon Bijnens

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other03/01/2024
BENAMING - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates29/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/01/2007
CAPITAL, ACTIONS - ANNEE COMPTABLE - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office19/10/2006
SIEGE SOCIAL - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other03/10/2003
ANNEE COMPTABLE
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 202515,6 k €↓
2024
Annual accounts 202422,1 k €↑
2024
Name changeAquafarm
2022
Annual accounts 202214,6 k €↑
2021
Annual accounts 202110,5 k €↓
2021
Name changeAquafarm Tihange
2020
Annual accounts 202021,6 k €↓
2019
Annual accounts 201957 k €↑
2018
Annual accounts 20181,9 k €↓
2017
Annual accounts 20177,7 k €↑
2016
Annual accounts 20167,4 k €↓
2015
Annual accounts 201515,8 k €↓
2014
Annual accounts 201447,7 k €↑
2013
Annual accounts 201335,6 k €↑
2012
Annual accounts 2012-30,6 k €↓
2011
Annual accounts 201113,1 k €↓
2010
Annual accounts 201033,3 k €↑
2009
Annual accounts 200918,5 k €↑
2008
Annual accounts 20083,6 k €↑
2007
Annual accounts 2007-174,4 k €↓
2006
Annual accounts 2006-29,4 k €
17/02/2003
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

Aquafarm

Overview

What does Aquafarm 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