Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2024; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
AQUASTRA from Moorslede, company number BE0881082177, closed financial year 2024 with a result of € -114,571 after tax. For that financial year AQUASTRA recorded a gross margin of € 147,367 and equity of € -48,135. Compared with financial year 2023, the result moved from € 6,321 to € -114,571. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2025.
€ -48,135
▼ € 114,571 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -114,571
▼ still € 6,321 profit in 2023
Profit after tax over the fiscal year.
€ 4,475
▼ 88% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -164,662.
People and assets in 2024
3.9
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 215,671
▼ 10% vs 2023
€ 55,300 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.
€ 6,801
▼ 51% vs 2023
Of which on lease € 4,696.
Debts at end 2024
€ 175,018
▼ 5% vs 2023
€ 29,185 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 228,003
▲ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 193,835 | € 94,128 | € 278,277 | € 147,367 | ▼ 47% |
| Profit after taxes | € 1,393 | € -158,268 | € 6,321 | € -114,571 | ▼ € 120,893 |
| Equity | € 218,383 | € 60,115 | € 66,436 | € -48,135 | ▼ € 114,571 |
| Total debts | € 196,983 | € 643,809 | € 396,063 | € 414,156 | ▲ 5% |
| Cash | € 34,085 | € 95,580 | € 38,360 | € 4,475 | ▼ 88% |
| Retained profit | € 101,857 | € -56,411 | € -50,090 | € -164,662 | ▼ € 114,571 |
| Bank debt | € 22,454 | € 115,346 | € 184,766 | € 175,018 | ▼ 5% |
| Balance sheet total | € 415,366 | € 703,924 | € 462,499 | € 366,021 | ▼ 21% |
| Employees (FTE) | 3.2 | 4 | 4.1 | 3.9 | ▼ 0.2 |
Key figures of AQUASTRA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to AQUASTRA?
What happened at AQUASTRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
AQUASTRA is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 114,571 (▼ € 120,893 vs 2023). Source: NBB ↗
- Edwin Cornillie Comm.V became a director. NBB
- New establishment in Moorslede. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,393 profit in 2021 to € 114,571 loss in 2024.
Paid € 387 in corporate taxes since 2021.
Best year ever: 2023, with € 6,321 profit.
On average € 37,800 of value added per employee in 2024.
Management
Behind AQUASTRA is Edwin Cornillie Comm.V.
Directors
According to the 2024 annual accounts
Bestuurder · represented by Edwin Cornillie
since 2017
Establishments
Establishment units
Physical locations of this company
Sperredreef 28
8890 Moorslede
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0881.082.177
- VAT number
- BE 0881.082.177
- Registered office
- Sperredreef 28, 8890 Moorslede
- Names & denominations
- AQUASTRA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 3 May 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Installatie van verwarming, klimaatregeling en ventilatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van isolatie
Isolatiewerkzaamheden
Dakwerkzaamheden
Schrijnwerk
Algemene elektrotechnische installatiewerken
Elektrische installatie
+2