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 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
A L'EAU from Ravels, company number BE0748829013, closed financial year 2025 with a result of € 157,232 after tax. For that financial year A L'EAU recorded a gross margin of € 198,845 and equity of € 472,937. Compared with financial year 2024, the result moved from € 95,000 to € 157,232. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 7, 2026.
€ 472,937
▲ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 157,232
▲ 66% vs 2024
Profit after tax over the fiscal year.
€ 58,699
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 347,937.
People and assets in 2025
0.9
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 44,929
▲ 273% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,583
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 645,730
▼ 10% vs 2024
€ 78,572 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 244
▲ € 198 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,049
▲ € 22,814 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 112,075 | € 114,011 | € 110,495 | € 198,845 | ▲ 80% |
| Profit after taxes | € 98,049 | € 91,473 | € 95,000 | € 157,232 | ▲ 66% |
| Equity | € 329,232 | € 420,705 | € 315,705 | € 472,937 | ▲ 50% |
| Total debts | € 914,511 | € 841,859 | € 974,984 | € 893,711 | ▼ 8% |
| Cash | € 66,037 | € 69,205 | € 78,188 | € 58,699 | ▼ 25% |
| Retained profit | € 204,232 | € 295,705 | € 190,705 | € 347,937 | ▲ 82% |
| Dividend | € 0 | € 0 | € 200,000 | € 0 | ▼ 100% |
| Bank debt | € 859,989 | € 789,139 | € 717,724 | € 645,730 | ▼ 10% |
| Balance sheet total | € 1,243,743 | € 1,262,564 | € 1,290,689 | € 1,366,648 | ▲ 6% |
| Employees (FTE) | 0.7 | 0.7 | 0.6 | 0.9 | ▲ 0.3 |
Key figures of A L'EAU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to A L'EAU?
What happened at A L'EAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 157,232 (▲ 66% vs 2024). Source: NBB ↗
- New establishment in Ravels. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,049 profit in 2022 to € 157,232 profit in 2025.
Paid € 79,555 in corporate taxes since 2022.
Best year ever: 2025, with € 157,232 profit.
Paid out € 200,000 in dividends to the owners in total.
Management
Behind A L'EAU is Kathleen Mercelis. It owns 90% of Mercelis Verzekeringen itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Koning Albertstraat 51
2381 Ravels
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0748.829.013
- VAT number
- BE 0748.829.013
- Registered office
- Koning Albertstraat 51, 2381 Ravels
- Names & denominations
- A L'EAU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2020
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van verzekeringsagenten en -makelaars