Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EAU-COURANT from Sint-Jans-Molenbeek, company number BE0428930040, closed financial year 2025 with a result of € 45,881 after tax. For that financial year EAU-COURANT recorded a gross margin of € 1.5 million and equity of € 592,078. Compared with financial year 2024, the result moved from € 72,341 to € 45,881. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 592,078
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,881
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 52,569
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 52,500 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
30.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 7% vs 2024
€ 41,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 165,081
▲ 86% vs 2024
Of which on lease € 18,783.
Debts at end 2025
€ 584,612
▲ 25% vs 2024
€ 74,976 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 143,761
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,361
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,143,514 | € 1,401,058 | € 1,431,756 | € 1,500,112 | ▲ 5% |
| Profit after taxes | € 25,325 | € 149,883 | € 72,341 | € 45,881 | ▼ 37% |
| Equity | € 623,786 | € 591,731 | € 607,634 | € 592,078 | ▼ 3% |
| Total debts | € 709,526 | € 783,866 | € 842,839 | € 1,077,633 | ▲ 28% |
| Cash | € 283,494 | € 179,188 | € 160,303 | € 52,569 | ▼ 67% |
| Land & buildings | € 574,414 | € 530,992 | € 487,570 | € 444,148 | ▼ 9% |
| Retained profit | € 419,192 | € 396,075 | € 420,916 | € 414,297 | ▼ 2% |
| Dividend | € 21,053 | € 173,000 | € 47,500 | € 52,500 | ▲ 11% |
| Bank debt | € 522,723 | € 465,227 | € 466,713 | € 584,612 | ▲ 25% |
| Balance sheet total | € 1,333,312 | € 1,375,597 | € 1,450,474 | € 1,669,711 | ▲ 15% |
| Employees (FTE) | 25.1 | 29 | 31 | 30.5 | ▼ 0.5 |
Key figures of EAU-COURANT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EAU-COURANT?
What happened at EAU-COURANT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,881 (▼ 37% vs 2024). Source: NBB ↗
- Gervais Muhire stepped down as director. NBB
- New establishment in Sint-Jans-Molenbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,325 profit in 2022 to € 45,881 profit in 2025.
Paid € 108,471 in corporate taxes since 2022.
Best year ever: 2023, with € 149,883 profit.
On average € 49,200 of value added per employee in 2025.
Management
Behind EAU-COURANT are Joao Azinheira and Tadeusz Pogwizd.
Directors
According to the 2025 annual accounts
Joao Azinheira
Chairman of the board
Tadeusz Pogwizd
Director
Gervais Muhire
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Paalstraat 30
1080 Sint-Jans-Molenbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
DIMENOC - HostDime.com, Inc., US
Website info
Features
Security
Details
- Company number
- 0428.930.040
- VAT number
- BE 0428.930.040
- Registered office
- Paalstraat 30, 1080 Sint-Jans-Molenbeek
- Names & denominations
- EAU-COURANT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1986
- Peppol
- Active · Active since 16 Jun 2025
- Contact
- eau-courant.be
- Activities · NACE
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