ACTIVE

AQUALEX

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Financial year 2025 · closed on 31/12/2025
Net result
576,7 k €
+8.3% YoY
Revenue
19 M €
+6.3% YoY
Equity
4,4 M €
+13.7% YoY
Workforce
82,9 ETP
+11.3% YoY

What does AQUALEX do?

AQUALEX is a Public limited company incorporated in 2010. Its main activity is: Water collection, treatment and supply. Its registered office is in Deerlijk. It employs on average 82,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0822.110.137
Incorporation
07/01/2010
Legal form
Public limited company
Registered office
Nijverheidslaan 60A
8540 Deerlijk · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
82,9 ETP
Activities (NACE)
36000Water collection, treatment and supply· main36000Water collection, treatment and supply46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment46441Wholesale of china and glassware and cleaning materials46441Wholesale of china and glassware and cleaning materials
Joint committees (2)
  • 14901
  • 2000
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Revenue19 M €17,9 M €16,1 M €––––––––––––
EBITDA4 M €3,8 M €2,5 M €2 M €1,6 M €2,2 M €1,6 M €1 M €562,5 k €339,7 k €230,6 k €130,4 k €87,6 k €84,7 k €43,9 k €
Operating result1,1 M €932,2 k €431,4 k €429,6 k €571,7 k €1,4 M €899,3 k €547,6 k €238,4 k €87 k €41,2 k €33,3 k €17,7 k €35,8 k €9,4 k €
Net result576,7 k €532,5 k €239,5 k €316,5 k €477,6 k €1,3 M €837,5 k €481,6 k €179,9 k €62,3 k €28 k €13,5 k €8,1 k €15,7 k €1,7 k €
Balance sheet
Equity4,4 M €3,9 M €3,3 M €3,2 M €2,9 M €2,2 M €1,5 M €847,3 k €369,3 k €269,3 k €284,6 k €99,1 k €85,5 k €77,5 k €61,7 k €
Total assets28,8 M €23,1 M €18,3 M €14,8 M €10,2 M €6,9 M €5,6 M €4,1 M €3,1 M €2,5 M €1,8 M €872,8 k €461,7 k €397,2 k €374,4 k €
Cash1,8 M €1,2 M €309,9 k €571,2 k €553,1 k €536,2 k €364,3 k €201,7 k €230,2 k €176,5 k €32,8 k €114,3 k €21,5 k €15,9 k €38,7 k €
Debts24,3 M €19,2 M €14,9 M €11,4 M €7,3 M €4,6 M €4 M €3,3 M €2,7 M €2,2 M €1,6 M €772,7 k €374,7 k €318,3 k €312,5 k €
Other
Workforce82,9 ETP74,5 ETP71,5 ETP66,7 ETP49,0 ETP34,8 ETP25,3 ETP18,3 ETP15,5 ETP11,5 ETP10,5 ETP6,6 ETP2,9 ETP2,3 ETP0,8 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 · 2 active · 6 ended

Active mandates

GENIALE

Director · since 26 mars 2020 · 0656.663.274

Represented by VANLERBERGHE ALEXANDER

Active
NIKI GHYS

Director · since 26 mars 2020

Active

Ended mandates

GENIALE

Director · since 26 mars 2020 · until 26 mars 2026 · 0656.663.274

Represented by Alexander Vanlerberghe

Ended
GENIALE

Director · since 26 mars 2020 · 0656.663.274

Represented by VANLERBERGHE ALEXANDER

Ended
Niki Ghys

Director · since 26 mars 2020 · until 26 mars 2026

Ended
Alexander Vanlerberghe

Manager · since 07 janvier 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202618/06/202520/06/202412/04/202309/06/202215/03/2021
General meeting29/05/202612/06/202531/05/202413/03/202309/05/202213/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/05/202619/06/2026DutchPDF
Full model31/12/202412/06/202518/06/2025DutchPDF
Full model31/12/202331/05/202420/06/2024DutchPDF
Abridged model31/12/202213/03/202312/04/2023DutchPDF
Abridged model31/12/202109/05/202209/06/2022DutchPDF
Abridged model31/12/202013/03/202115/03/2021DutchPDF
Abridged model31/12/201926/03/202021/04/2020DutchPDF
Abridged model31/12/201822/02/201912/03/2019DutchPDF
Abridged model31/12/201707/06/201811/06/2018DutchPDF
Abridged model31/12/201631/07/201729/08/2017DutchPDF
Abridged model31/12/201525/07/201623/08/2016DutchPDF
Abridged model31/12/201425/06/201531/08/2015DutchPDF
Abridged model31/12/201326/06/201429/08/2014DutchPDF
Abridged model31/12/201227/06/201329/08/2013DutchPDF
Abridged model31/12/201128/06/201231/08/2012DutchPDF
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 · 2 active · 6 ended

Active mandates

GENIALE

Director · since 26 mars 2020 · 0656.663.274

Represented by VANLERBERGHE ALEXANDER

Active
NIKI GHYS

Director · since 26 mars 2020

Active

Ended mandates

GENIALE

Director · since 26 mars 2020 · until 26 mars 2026 · 0656.663.274

Represented by Alexander Vanlerberghe

Ended
GENIALE

Director · since 26 mars 2020 · 0656.663.274

Represented by VANLERBERGHE ALEXANDER

Ended
Niki Ghys

Director · since 26 mars 2020 · until 26 mars 2026

Ended
Alexander Vanlerberghe

Manager · since 07 janvier 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/12/2025
    KAPITAAL - AANDELEN
    PDF
  • Other08/01/2024
    DIVERSEN - ALGEMENE VERGADERING
    PDF
  • Registered office10/04/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/04/2020
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office22/01/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/02/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/09/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares11/01/2012
    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

Timeline

  1. 2025
    Annual accounts 2025576,7 k €↑
  2. 2024
    Annual accounts 2024532,5 k €↑
  3. 2023
    Annual accounts 2023239,5 k €↓
  4. 2022
    Annual accounts 2022316,5 k €↓
  5. 2021
    Annual accounts 2021477,6 k €↓
  6. 2020
    Annual accounts 20201,3 M €↑
  7. 2019
    Annual accounts 2019837,5 k €↑
  8. 2018
    Annual accounts 2018481,6 k €↑
  9. 2017
    Annual accounts 2017179,9 k €↑
  10. 2016
    Annual accounts 201662,3 k €↑
  11. 2015
    Annual accounts 201528 k €↑
  12. 2014
    Annual accounts 201413,5 k €↑
  13. 2013
    Annual accounts 20138,1 k €↓
  14. 2012
    Annual accounts 201215,7 k €↑
  15. 2011
    Annual accounts 20111,7 k €
  16. 07/01/2010
    IncorporationPublic limited company