ACTIVE

AQUAHEATING

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Financial year 2025 · closed on 30/06/2025

Net result

2,6 k €

-59.2% YoY

Gross margin

8,1 k €

-37.9% YoY

Equity

101,8 k €

+2.6% YoY

What does AQUAHEATING do?

AQUAHEATING is a Private company with limited liability incorporated in 2004. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.506.452

Incorporation

27/05/2004

Legal form

Private company with limited liability

Registered office

Tramstraat 48
9052 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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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		2011		2010		2009		2008		2007
Income statement
Gross margin	8,1 k €	-37.9%	13 k €	+54.6%	8,4 k €	-44.6%	15,2 k €	-7.5%	16,4 k €	-53.1%	35,1 k €	-22.7%	45,4 k €	-5.6%	48,1 k €	+243%	14 k €	-6.8%	15 k €	-52.4%	31,6 k €	+14.2%	27,6 k €	+59.9%	17,3 k €	+243%	-12,1 k €	-132%	38,1 k €	+62.6%	23,5 k €	+22.5%	19,1 k €	-1.5%	19,4 k €	-32.7%	28,9 k €
EBITDA	7,2 k €	-44.0%	12,9 k €	+223%	4 k €	-64.4%	11,2 k €	-23.1%	14,6 k €	-55.6%	32,8 k €	-23.0%	42,6 k €	-5.9%	45,3 k €	+237%	13,5 k €	-6.1%	14,3 k €	-53.7%	31 k €	+12.6%	27,5 k €	+80.2%	15,3 k €	+214%	-13,4 k €	-138%	34,9 k €	+55.6%	22,4 k €	+18.2%	19 k €	+4.7%	18,1 k €	-34.8%	27,8 k €
Operating result	4,5 k €	-53.0%	9,6 k €	+16656%	57 €	-97.3%	2,1 k €	-67.4%	6,4 k €	-66.1%	18,9 k €	-28.7%	26,5 k €	-9.2%	29,1 k €	+858%	3 k €	-22.4%	3,9 k €	-70.9%	13,5 k €	-12.9%	15,5 k €	+251%	4,4 k €	+119%	-23 k €	-191%	25,2 k €	+51.8%	16,6 k €	+113%	7,8 k €	+15.9%	6,7 k €	-60.9%	17,1 k €
Net result	2,6 k €	-59.2%	6,4 k €	+1051%	554,9 €	-78.1%	2,5 k €	-48.5%	4,9 k €	-4.9%	5,2 k €	-63.7%	14,3 k €	-22.9%	18,5 k €	+3209%	560 €	+767%	-84 €	-101%	8,3 k €	-20.7%	10,5 k €	+417%	2 k €	+108%	-24,1 k €	-246%	16,6 k €	+9.3%	15,2 k €	+207%	4,9 k €	+18.8%	4,2 k €	-68.9%	13,3 k €
Balance sheet
Equity	101,8 k €	+2.6%	99,2 k €	+6.9%	92,8 k €	+0.6%	92,2 k €	+2.8%	89,7 k €	+5.8%	84,8 k €	+6.5%	79,6 k €	+21.9%	65,3 k €	+39.6%	46,8 k €	+1.2%	46,2 k €	+59.0%	29,1 k €	+55.4%	18,7 k €	+128%	8,2 k €	+52545%	-15,7 €	-100%	24,1 k €	-9.2%	26,5 k €	+13.5%	23,4 k €	-44.9%	42,4 k €	+6.7%	39,8 k €
Total assets	262,3 k €	+73.5%	151,2 k €	+31.0%	115,4 k €	+3.2%	111,8 k €	-33.5%	168 k €	+81.4%	92,6 k €	-8.4%	101,1 k €	-26.9%	138,4 k €	+127%	61 k €	+4.0%	58,6 k €	-46.9%	110,4 k €	+52.8%	72,3 k €	-12.2%	82,3 k €	+59.4%	51,6 k €	-27.3%	71,1 k €	+54.8%	45,9 k €	-21.9%	58,8 k €	-4.6%	61,6 k €	-16.6%	74 k €
Cash	–		–		16,4 k €		–		17,8 k €	+482%	3,1 k €	-85.3%	20,8 k €	-12.5%	23,7 k €	+142%	9,8 k €	+505%	1,6 k €	-94.4%	28,8 k €	+540%	4,5 k €	-15.0%	5,3 k €	+4034%	128,4 €	-96.1%	3,3 k €		–		1,9 k €		–		627,8 €
Debts	160,5 k €	+209%	52 k €	+130%	22,6 k €	+15.4%	19,6 k €	-75.0%	78,3 k €	+895%	7,9 k €	-63.5%	21,6 k €	-70.5%	73,1 k €	+794%	8,2 k €	-34.2%	12,4 k €	-80.4%	63,5 k €	+18.5%	53,6 k €	-27.7%	74,1 k €	+43.4%	51,7 k €	+10.0%	47 k €	+142%	19,4 k €	-45.3%	35,4 k €	+84.5%	19,2 k €	-43.8%	34,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Mahsa Derakshan

Director

Active

Ended mandates

Nader Derakhshan

Manager · since 27 mai 2004

Ended

MAISHA Derakhshan

Manager

Ended

Nader Derakhshan

Administrator - manager

Ended

Nader Derakhshan

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/01/2026	12/12/2024	20/02/2024	06/01/2023	28/01/2022	20/10/2020
General meeting	30/12/2025	28/11/2024	16/09/2023	17/09/2022	18/09/2021	17/09/2020
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
Micro model	30/06/2025	30/12/2025	27/01/2026	Dutch	PDF
Micro model	30/06/2024	28/11/2024	12/12/2024	Dutch	PDF
Micro model	30/06/2023	16/09/2023	20/02/2024	Dutch	PDF
Micro model	30/06/2022	17/09/2022	06/01/2023	Dutch	PDF
Micro model	30/06/2021	18/09/2021	28/01/2022	Dutch	PDF
Micro model	30/06/2020	17/09/2020	20/10/2020	Dutch	PDF
Micro model	30/06/2019	26/10/2019	28/10/2019	Dutch	PDF
Abridged model	30/06/2018	17/09/2018	29/11/2018	Dutch	PDF
Abridged model	30/06/2017	26/11/2017	30/11/2017	Dutch	PDF
Abridged model	30/06/2016	17/09/2016	19/12/2016	Dutch	PDF
Abridged model	30/06/2015	11/01/2016	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	11/03/2015	12/03/2015	Dutch	PDF
Abridged model	30/06/2013	28/11/2013	29/11/2013	Dutch	PDF
Abridged model	30/06/2012	15/09/2012	27/11/2012	Dutch	PDF
Abridged model	30/06/2011	19/11/2011	29/11/2011	Dutch	PDF
Abridged model	30/06/2010	20/11/2010	07/12/2010	Dutch	PDF
Abridged model	30/06/2009	21/11/2009	08/12/2009	Dutch	PDF
Abridged model	30/06/2008	15/12/2008	17/12/2008	Dutch	PDF
Abridged model	30/06/2007	24/11/2007	04/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 1 active · 5 ended

Active mandates

Mahsa Derakshan

Director

Active

Ended mandates

Nader Derakhshan

Manager · since 27 mai 2004

Ended

MAISHA Derakhshan

Manager

Ended

Nader Derakhshan

Administrator - manager

Ended

Nader Derakhshan

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/09/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/06/2006
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/10/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other08/06/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20252,6 k €↓
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 2023554,9 €↓
2022
Annual accounts 20222,5 k €↓
2021
Annual accounts 20214,9 k €↓
2020
Annual accounts 20205,2 k €↓
2019
Annual accounts 201914,3 k €↓
2018
Annual accounts 201818,5 k €↑
2017
Annual accounts 2017560 €↑
2016
Annual accounts 2016-84 €↓
2015
Annual accounts 20158,3 k €↓
2014
Annual accounts 201410,5 k €↑
2013
Annual accounts 20132 k €↑
2012
Annual accounts 2012-24,1 k €↓
2011
Annual accounts 201116,6 k €↑
2010
Annual accounts 201015,2 k €↑
2009
Annual accounts 20094,9 k €↑
2008
Annual accounts 20084,2 k €↓
2007
Annual accounts 200713,3 k €
27/05/2004
IncorporationPrivate company with limited liability

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

AQUAHEATING

Overview

What does AQUAHEATING do?

Trend over 19 financial years

Indicative valuation

Board of directors

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