BQSE
ActiveSummary
BQSE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €39k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 26% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency51▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.15 in 2024; short-term debt: 73.8% and cash: 71.9% of total assets), and 74.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.8%
Return on assets
48.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-01-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
15 d early
2023
7 d early
2022
19 d early
2021
9 d early
2020
2 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39k▼ 4.8%
2024 · €41k
Working capital
€13k▲ 47.0%
2024 · €9k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41k▲ 0.1%€44k▲ 7.4%€52k▲ 16.4%€52k▲ 1.3%€49k▼ 5.6%
Net result€33k▲ 8.8%€35k▲ 6.7%€40k▲ 15.7%€41k▲ 1.3%€39k▼ 4.8%
Equity€21k▼ 1.9%€22k▲ 3.8%€24k▲ 10.4%€25k▲ 3.3%€21k▼ 16.7%
Total assets€70k▲ 3.2%€71k▲ 1.0%€75k▲ 5.9%€82k▲ 9.8%€80k▼ 2.2%
Debt€49k▲ 5.5%€49k▼ 0.2%€51k▲ 3.9%€57k▲ 12.8%€60k▲ 4.1%
Working capital€17k▼ 8.7%€19k▲ 7.8%€605▼ 96.7%€9k▲ 1,352%€13k▲ 47.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€8k ▼ 49.3%
Current assets
€72k ▲ 9.2%
Equity and liabilities €80k
Equity
€21k ▼ 16.7%
Debt
€60k ▲ 4.1%
Debt's share of the balance-sheet total rises from 69.7% to 74.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €60k
Cash flow
€47k▼
2024 · €49k
Current ratio
1.22▲
2024 · 1.15
Debt to equity
2.88▲
2024 · 2.31
ROE
187.9%▲
2024 · 164.3%
ROA
48.4%▼
2024 · 49.7%
Interest coverage
756.71▲
2024 · 326.22
Debt ≤ 1 year
€59k▲
2024 · €57k
Income taxes
€11k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €439 | €510 | €3k | €8k | €8k | ▼ 0.1% |
| Other operating charges640/8 | €348 | €644 | €384 | €387 | €387 | = |
| Gross operating margin9900 | €42k | €45k | €54k | €60k | €58k | ▼ 4.8% |
| Operating profit (loss)9901 | €41k | €44k | €52k | €52k | €49k | ▼ 5.6% |
| Financial income75/76B | - | - | - | €35 | €406 | ▲ 1,046% |
| Recurring financial income75 | - | - | - | €35 | €406 | ▲ 1,046% |
| Financial charges65/66B | €100 | €172 | €153 | €184 | €76 | ▼ 59.0% |
| Recurring financial charges65 | €100 | €172 | €153 | €184 | €76 | ▼ 59.0% |
| Profit (loss) for the period before taxes9903 | €41k | €44k | €51k | €52k | €50k | ▼ 4.7% |
| Income taxes67/77 | €9k | €9k | €11k | €11k | €11k | ▼ 4.2% |
| Profit (loss) for the period9904 | €33k | €35k | €40k | €41k | €39k | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €33k | €35k | €40k | €41k | €39k | ▼ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €71k | €75k | €82k | €80k | ▼ 2.2% |
| Fixed assets21/28 | €4k | €3k | €23k | €16k | €8k | ▼ 49.3% |
| Tangible fixed assets22/27 | €2k | €1k | €21k | €14k | €6k | ▼ 56.3% |
| Plant, machinery and equipment23 | - | €595 | €476 | €357 | €238 | ▼ 33.4% |
| Furniture and vehicles24 | €2k | €581 | €21k | €14k | €6k | ▼ 56.9% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €66k | €67k | €51k | €66k | €72k | ▲ 9.2% |
| Amounts receivable within one year40/41 | €17k | €22k | €15k | €15k | €14k | ▼ 8.5% |
| Trade receivables40 | €17k | €22k | €15k | €15k | €14k | ▼ 8.5% |
| Other amounts receivable41 | €460 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €49k | €45k | €36k | €50k | €58k | ▲ 14.6% |
| Deferred charges and accrued income490/1 | - | €427 | €404 | €404 | €404 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €71k | €75k | €82k | €80k | ▼ 2.2% |
| Equity10/15 | €21k | €22k | €24k | €25k | €21k | ▼ 16.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €514 | €1k | €4k | €4k | €207 | ▼ 95.3% |
| Amounts payable17/49 | €49k | €49k | €51k | €57k | €60k | ▲ 4.1% |
| Amounts payable within one year42/48 | €49k | €49k | €51k | €57k | €59k | ▲ 3.4% |
| Trade debts44 | €333 | €1k | €384 | €913 | €571 | ▼ 37.5% |
| Suppliers440/4 | €333 | €1k | €384 | €913 | €571 | ▼ 37.5% |
| Taxes, remuneration and social security45 | €12k | €13k | €13k | €15k | €15k | ▼ 0.3% |
| Taxes450/3 | €12k | €13k | €13k | €15k | €15k | ▼ 0.3% |
| Other amounts payable47/48 | €37k | €35k | €38k | €41k | €44k | ▲ 5.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €387 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €35k | €40k | €41k | €39k | ▼ 4.8% |
| + Depreciation and write-downs630 | €439 | €510 | €3k | €8k | €8k | ▼ 0.1% |
| Operating cash flow (approximation) | €33k | €35k | €43k | €49k | €47k | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | €42 | €-23k | €-521 | €0 | ▲ 100% |
| Change in cash | - | €-4k | €-9k | €14k | €7k | ▼ 47.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €41k ▲1.3%
Operating result €52k, net result €41k, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Court-Saint-Etienne · 1 establishment unit since 2015
Ground area
1,099 m²
Building footprint
147 m²
Parcel 25023A0614/00D000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BQSE
since 20152.243.009.390
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023A0614/00D000 | Wallonia | 1,099 m² | 1 · 147 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,019 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-06-2015
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
olbodart@hotmail.comCourt-Saint-Etienne
Phone
010/615916Court-Saint-Etienne
Scores and ratios are computed by Checked and are not a credit decision.