Summary
CQ SOLUTIONS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €129,959 and a net result of €44,160. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 8102 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €129,959
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 16-12-2025, 135 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
135 d early
2024
82 d early
2023
82 d early
2022
101 d early
2021
145 d early
2020
64 d early
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 93 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 19 January (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€129,959▲ 51.5%
2024 · €85,799
Net result
€44,160▲ 8.7%
2024 · €40,622
Total assets
€525,797▲ 369%
2024 · €112,118
Solvency
24.7%▼ 51.8pp
2024 · 76.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,490€3,703▲ 6.1%€32,277▲ 772%€41,946▲ 30.0%€68,680▲ 63.7%
Net result€3,725within the sector's middle half€2,266below the sector's middle half▼ 39.2%€20,859within the sector's middle half▲ 821%€40,622within the sector's middle half▲ 94.7%€44,160within the sector's middle half▲ 8.7%
Equity€22,052below the sector's middle half▲ 20.3%€24,318below the sector's middle half▲ 10.3%€45,177within the sector's middle half▲ 85.8%€85,799within the sector's middle half▲ 89.9%€129,959within the sector's middle half▲ 51.5%
Total assets€60,539below the sector's middle half▼ 9.7%€43,678below the sector's middle half▼ 27.9%€66,316below the sector's middle half▲ 51.8%€112,118below the sector's middle half▲ 69.1%€525,797within the sector's middle half▲ 369%
Debt€38,488▼ 20.9%€19,361▼ 49.7%€21,139▲ 9.2%€26,319▲ 24.5%€395,838▲ 1,404%
Working capital-€5,575within the sector's middle half-€1,405within the sector's middle half▲ 74.8%€30,525within the sector's middle half€55,745within the sector's middle half▲ 82.6%-€132,629below the sector's middle half
Solvency36.4%within the sector's middle half▲ 9.1pp55.7%within the sector's middle half▲ 19.2pp68.1%within the sector's middle half▲ 12.4pp76.5%within the sector's middle half▲ 8.4pp24.7%within the sector's middle half▼ 51.8pp
Current ratio0.86within the sector's middle half▼ 0.480.93within the sector's middle half▲ 0.072.54within the sector's middle half▲ 1.623.12within the sector's middle half▲ 0.570.40below the sector's middle half▼ 2.72
Return on assets (ROA)6.2%within the sector's middle half▲ 17.1pp5.2%within the sector's middle half▼ 1.0pp31.5%above the sector's middle half▲ 26.3pp36.2%above the sector's middle half▲ 4.8pp8.4%within the sector's middle half▼ 27.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €525,797
Fixed assets
€436,457 ▲ 1,352%
Current assets
€89,340 ▲ 8.9%
Equity and liabilities €525,797
Equity
€129,959 ▲ 51.5%
Debt
€395,838 ▲ 1,404%
Debt's share of the balance-sheet total rises from 23.5% to 75.3%. Equity and debt are higher.
Key figures and ratios
ROE
34.0%▼
2024 · 47.3%
Debt ≤ 1 year
€221,969▲
2024 · €26,319
Debt > 1 year
€164,787
Income taxes
€11,292▼
2024 · €18,812
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 | €3,033 | €10,904 | €12,045 | €2,892 | €13,450 | ▲ 365% |
| Other operating charges640/8 | - | €1,778 | €2,307 | €2,140 | €2,366 | ▲ 10.5% |
| Gross operating margin9900 | €8,257 | €16,385 | €46,628 | €46,977 | €84,495 | ▲ 79.9% |
| Operating profit (loss)9901 | €3,490 | €3,703 | €32,277 | €41,946 | €68,680 | ▲ 63.7% |
| Financial income75/76B | - | €25 | €0 | €18,443 | €0 | ▼ 100% |
| Recurring financial income75 | - | €25 | €0 | €18,443 | €0 | ▼ 100% |
| Financial charges65/66B | - | €65 | €65 | €954 | €13,228 | ▲ 1,287% |
| Recurring financial charges65 | €60 | €65 | €65 | €954 | €13,228 | ▲ 1,287% |
| Profit (loss) for the period before taxes9903 | €3,430 | €3,663 | €32,212 | €59,434 | €55,452 | ▼ 6.7% |
| Income taxes67/77 | -€295 | €1,397 | €11,352 | €18,812 | €11,292 | ▼ 40.0% |
| Profit (loss) for the period9904 | €3,725 | €2,266 | €20,859 | €40,622 | €44,160 | ▲ 8.7% |
| Profit (loss) for the period to be appropriated9905 | €3,725 | €2,266 | €20,859 | €40,622 | €44,160 | ▲ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,539 | €43,678 | €66,316 | €112,118 | €525,797 | ▲ 369% |
| Fixed assets21/28 | €27,627 | €25,722 | €16,009 | €30,053 | €436,457 | ▲ 1,352% |
| Tangible fixed assets22/27 | €27,627 | €25,722 | €16,009 | €28,053 | €436,457 | ▲ 1,456% |
| Land and buildings22 | - | - | - | - | €381,112 | - |
| Plant, machinery and equipment23 | - | - | €2,315 | €6,216 | €38,267 | ▲ 516% |
| Furniture and vehicles24 | - | €25,722 | €13,694 | €21,837 | €17,078 | ▼ 21.8% |
| Financial fixed assets28 | - | - | - | €2,000 | €0 | ▼ 100% |
| Current assets29/58 | €32,913 | €17,956 | €50,307 | €82,065 | €89,340 | ▲ 8.9% |
| Amounts receivable within one year40/41 | €13,683 | €11,484 | €8,019 | €25,349 | €10,242 | ▼ 59.6% |
| Trade receivables40 | - | €10,381 | €8,019 | €23,719 | €8,613 | ▼ 63.7% |
| Other amounts receivable41 | - | €1,103 | €0 | €1,630 | €1,630 | = |
| Cash at bank and in hand54/58 | €18,493 | €5,703 | €41,482 | €53,979 | €66,853 | ▲ 23.9% |
| Deferred charges and accrued income490/1 | - | €768 | €807 | €2,737 | €12,245 | ▲ 347% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,539 | €43,678 | €66,316 | €112,118 | €525,797 | ▲ 369% |
| Equity10/15 | €22,052 | €24,318 | €45,177 | €85,799 | €129,959 | ▲ 51.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €22,850 | €62,350 | €106,510 | ▲ 70.8% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | - | €20,850 | €62,350 | €106,510 | ▲ 70.8% |
| Profit (loss) carried forward14 | €52 | €2,318 | €2,327 | €3,449 | €3,449 | = |
| Amounts payable17/49 | €38,488 | €19,361 | €21,139 | €26,319 | €395,838 | ▲ 1,404% |
| Amounts payable after more than one year17 | - | - | - | - | €164,787 | - |
| Financial debts170/4 | - | - | - | - | €164,787 | - |
| Amounts payable within one year42/48 | €38,488 | €19,361 | €19,782 | €26,319 | €221,969 | ▲ 743% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,688 | - |
| Trade debts44 | €1,457 | €2,690 | €983 | €12,676 | €11,500 | ▼ 9.3% |
| Suppliers440/4 | - | €2,690 | €983 | €12,676 | €11,500 | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €1,459 | €11,450 | €9,169 | €18,460 | ▲ 101% |
| Taxes450/3 | - | €1,459 | €9,050 | €6,769 | €13,660 | ▲ 102% |
| Remuneration and social security454/9 | - | - | €2,400 | €2,400 | €4,800 | ▲ 100% |
| Other amounts payable47/48 | - | €15,212 | €7,349 | €4,475 | €182,322 | ▲ 3,974% |
| Accrued charges and deferred income492/3 | - | - | €1,357 | €0 | €9,082 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,725 | €2,266 | €20,859 | €40,622 | €44,160 | ▲ 8.7% |
| + Depreciation and write-downs630 | €3,033 | €10,904 | €12,045 | €2,892 | €13,450 | ▲ 365% |
| Operating cash flow (approximation) | €6,758 | €13,170 | €32,904 | €43,514 | €57,610 | ▲ 32.4% |
| Investment in fixed assets (approximation) | - | -€9,000 | -€2,331 | -€16,936 | -€419,853 | ▼ 2,379% |
| Change in cash | - | -€12,790 | €35,779 | €12,497 | €12,874 | ▲ 3.0% |
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
30-06
State Gazette act
General meeting · Other statement
Share class · Statutes amendment
16-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2018net €44,160 ▲8.7%
Operating result €68,680, net result €44,160, both a record.
30-09
Financial
Equity above €100,000Eq €129,959 ▲51.5%
5 profitable years in a row build equity to €129,959.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 2.54
Current ratio from 0.93 to 2.54.
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial
Back to profitnet €3,725
Net result €3,725 after one loss-making year.
Show earlier events
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€7,345
Net result drops to -€7,345, the lowest in the series; recovery starts the following year.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Lede · 1 establishment unit since 2008
Ground area
1,492 m²
Building footprint
147 m²
Volume, LiDAR
929 m³
Parcel 41034D0451/00F000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CQ SOLUTIONS
since 20082.168.048.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034D0451/00F000 | Flanders | 1,491 m² | 1 · 147 m² | 9.1 m · 2 fl. |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 12,953 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
Founded04-01-2008
Fiscal year end30-09
Abbreviation NL
CQS
Trade name NL
Tuinaanleg De Clercq
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Website
www.cqsolutions.be
E-mail
geert.de.clercq@cqsolutions.be
E-mail
geertdeclercq@skynet.beLede
Phone
0475546979Lede
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894636245
Also
9925:BE0894636245
Registered
25-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.