AQUAFLUX
0899.664.112 · rovalta.com · 24/09/2026
ACTIVE
AQUAFLUX
Financial year 2025 · closed on 31/12/2025
Net result
445,9 k €
+101.8% YoY
Revenue
5,3 M €
+27.7% YoY
Equity
1,9 M €
+14.9% YoY
Workforce
28,4 ETP
+3.3% YoY
Overview
What does AQUAFLUX do?
AQUAFLUX is a Public limited company incorporated in 2008. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Liège. It employs on average 28,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0899.664.112
Incorporation
05/08/2008
Legal form
Public limited company
Registered office
Avenue de l'Indépendance 83
4020 Liège · WallonieSee on map
4020 Liège · WallonieSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Average workforce
28,4 ETP
Activities (NACE)
25210Manufacture of central heating radiators and boilers· main25300Manufacture of steam generators, except central heating hot water boilers42211Construction of utility projects for fluids42211Construction of utility projects for fluids42212Construction of utility projects for fluids42212Construction of utility projects for fluids+4
Joint committees (2)
- 124
- 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Revenue | 5,3 M € | +27.7% | 4,2 M € | +6.3% | 3,9 M € | -4.3% | 4,1 M € | -15.1% | 4,8 M € | +6.7% | 4,5 M € | +28.2% | 3,5 M € | +43.2% | 2,5 M € | +10.1% | 2,2 M € | -0.4% | 2,2 M € | -28.5% | 3,1 M € | +19.9% | 2,6 M € | +10.8% | 2,4 M € | +5.1% | 2,2 M € | -37.2% | 3,6 M € |
| EBITDA | 940 k € | +45.9% | 644,3 k € | +29.5% | 497,6 k € | -13.6% | 575,8 k € | -38.0% | 928,7 k € | +69.9% | 546,6 k € | +49.1% | 366,6 k € | +43.6% | 255,3 k € | +17.7% | 216,9 k € | -22.4% | 279,7 k € | -71.2% | 972,6 k € | +142% | 402,2 k € | +26.7% | 317,4 k € | +156% | 124,1 k € | -59.3% | 305,2 k € |
| Operating result | 642 k € | +80.4% | 355,9 k € | +9.6% | 324,8 k € | -13.5% | 375,4 k € | -49.9% | 749,2 k € | +77.4% | 422,2 k € | +38.5% | 304,8 k € | +161% | 116,6 k € | -23.7% | 152,9 k € | -30.0% | 218,3 k € | -75.8% | 902,2 k € | +224% | 278,5 k € | +68.3% | 165,4 k € | +235% | -122,2 k € | -358% | 47,3 k € |
| Net result | 445,9 k € | +102% | 221 k € | +1.7% | 217,2 k € | -18.5% | 266,6 k € | -51.2% | 546 k € | +78.9% | 305,2 k € | +54.9% | 197 k € | +199% | 65,9 k € | -25.7% | 88,7 k € | -35.0% | 136,4 k € | -77.0% | 593,2 k € | +252% | 168,3 k € | +23.9% | 135,9 k € | +183% | -164,5 k € | -33897% | 486,7 € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 1,9 M € | +14.9% | 1,7 M € | +15.4% | 1,4 M € | +17.9% | 1,2 M € | +5.8% | 1,1 M € | -18.1% | 1,4 M € | +27.8% | 1,1 M € | +4.5% | 1 M € | +6.7% | 983,9 k € | +9.9% | 895,2 k € | +18.0% | 758,8 k € | +116% | 351,6 k € | +88.8% | 186,3 k € | +239% | 54,9 k € | -75.5% | 223,9 k € |
| Total assets | 3,8 M € | +3.2% | 3,7 M € | +11.6% | 3,3 M € | +5.1% | 3,1 M € | -10.1% | 3,5 M € | +0.3% | 3,5 M € | +17.4% | 3 M € | +23.2% | 2,4 M € | +19.1% | 2 M € | +4.4% | 1,9 M € | +4.3% | 1,9 M € | +4.9% | 1,8 M € | +24.9% | 1,4 M € | -9.2% | 1,6 M € | -25.2% | 2,1 M € |
| Cash | 294 k € | +171% | 108,4 k € | +159% | 41,9 k € | -23.6% | 54,9 k € | -61.5% | 142,4 k € | +66.2% | 85,7 k € | -63.6% | 235,4 k € | +391% | 48 k € | +286% | 12,4 k € | -96.0% | 309,7 k € | +8.6% | 285,1 k € | +11403% | 2,5 k € | -89.5% | 23,6 k € | +134% | 10,1 k € | +20.6% | 8,4 k € |
| Debts | 1,9 M € | -6.4% | 2 M € | +8.7% | 1,9 M € | -3.1% | 1,9 M € | -16.5% | 2,3 M € | +13.0% | 2 M € | +12.2% | 1,8 M € | +39.2% | 1,3 M € | +26.0% | 1 M € | -0.4% | 1 M € | -5.0% | 1,1 M € | -22.7% | 1,4 M € | +16.7% | 1,2 M € | -17.6% | 1,5 M € | -20.7% | 1,9 M € |
| Other | |||||||||||||||||||||||||||||
| Workforce | 28,4 ETP | +3.3% | 27,5 ETP | +23.3% | 22,3 ETP | -5.1% | 23,5 ETP | +1.7% | 23,1 ETP | +24.9% | 18,5 ETP | -1.6% | 18,8 ETP | +15.3% | 16,3 ETP | +7.9% | 15,1 ETP | -5.0% | 15,9 ETP | -11.2% | 17,9 ETP | -2.2% | 18,3 ETP | -0.5% | 18,4 ETP | -11.5% | 20,8 ETP | -11.1% | 23,4 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 37 ended
Active mandates
Ended mandates
At this address
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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 | 02/07/2026 | 16/06/2025 | 17/06/2024 | 28/06/2023 | 24/08/2022 | 05/07/2021 |
| General meeting | 29/06/2026 | 11/06/2025 | 11/06/2024 | 26/06/2023 | 29/06/2022 | 30/06/2021 |
| 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
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/06/2026 | 02/07/2026 | French | |
| Abridged model | 31/12/2024 | 11/06/2025 | 16/06/2025 | French | |
| Abridged model | 31/12/2023 | 11/06/2024 | 17/06/2024 | French | |
| Abridged model | 31/12/2022 | 26/06/2023 | 28/06/2023 | French | |
| Abridged model | 31/12/2021 | 29/06/2022 | 24/08/2022 | French | |
| Abridged model | 31/12/2020 | 30/06/2021 | 05/07/2021 | French | |
| Abridged model | 31/12/2019 | 03/07/2020 | 06/07/2020 | French | |
| Abridged model | 31/12/2018 | 28/06/2019 | 03/07/2019 | French | |
| Abridged model | 31/12/2017 | 30/04/2018 | 04/06/2018 | French | |
| Full model | 31/12/2016 | 24/06/2017 | 31/08/2017 | French | |
| Full model | 31/12/2015 | 24/06/2016 | 31/08/2016 | French | |
| Full model | 31/12/2014 | 24/06/2015 | 24/08/2015 | French | |
| Full model | 31/12/2013 | 31/01/2014 | 03/02/2014 | French | |
| Full model | 31/12/2012 | 17/05/2013 | 19/08/2013 | French | |
| Full model | 31/12/2011 | 08/05/2012 | 06/08/2012 | French | |
| Full model | 31/12/2010 | 10/05/2011 | 19/06/2011 | French | |
| Full model | 31/12/2009 | 13/04/2010 | 06/07/2010 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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 · 4 active · 37 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/11/2024DEMISSIONS, NOMINATIONS
- Mandates03/07/2024DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates06/10/2021DEMISSIONS, NOMINATIONS
- Mandates09/07/2019DEMISSIONS, NOMINATIONS
- Registered office30/03/2017SIEGE SOCIAL
- Other05/09/2016STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates20/07/2016DEMISSIONS, NOMINATIONS
- Mandates13/07/2016DEMISSIONS, 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 2025445,9 k €↑
- 2024Annual accounts 2024221 k €↑
- 2023Annual accounts 2023217,2 k €↓
- 2022Annual accounts 2022266,6 k €↓
- 2021Annual accounts 2021546 k €↑
- 2020Annual accounts 2020305,2 k €↑
- 2019Annual accounts 2019197 k €↑
- 2018Annual accounts 201865,9 k €↓
- 2017Annual accounts 201788,7 k €↓
- 2016Annual accounts 2016136,4 k €↓
- 2015Annual accounts 2015593,2 k €↑
- 2014Annual accounts 2014168,3 k €↑
- 2013Annual accounts 2013135,9 k €↑
- 2012Annual accounts 2012-164,5 k €↓
- 2011Annual accounts 2011486,7 €
- 05/08/2008IncorporationPublic limited company