CQFD
ActiveSummary
CQFD has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1,018) and a net result of €1,678. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+60
Solvency10▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.83 in 2023; short-term debt: 115.4% and cash: 44.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-15.4%
Return on assets
25.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2024 sector peers (2024).
NBB · sector comparisonPosition among 2024 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
26 d late
2021
31 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€1,018▲ 62.2%
2023 · -€2,696
Total assets
€6,624▼ 50.9%
2023 · €13,493
Net result
€1,678▲ 1,218%
2023 · €127
Working capital
-€1,018▲ 62.2%
2023 · -€2,696
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
Line20202021202220232024
Operating result€31-€1,402€7,156€379▼ 94.7%€1,770▲ 367%
Net result€23-€1,738€6,815€127▼ 98.1%€1,678▲ 1,218%
Equity-€7,901▲ 0.3%-€9,639▼ 22.0%-€2,824▲ 70.7%-€2,696▲ 4.5%-€1,018▲ 62.2%
Total assets€2,669▼ 13.5%€733▼ 72.5%€14,120▲ 1,825%€13,493▼ 4.4%€6,624▼ 50.9%
Debt€10,569▼ 4.0%€10,372▼ 1.9%€16,943▲ 63.4%€16,190▼ 4.4%€7,642▼ 52.8%
Working capital-€7,901▲ 2.3%-€9,639▼ 22.0%-€2,300▲ 76.1%-€2,696▼ 17.3%-€1,018▲ 62.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 367% above 2023.
Key figures and ratios
Solvency
-15.4%▲
2023 · -20.0%
Current ratio
0.87▲
2023 · 0.83
Debt to equity
-7.51▼
2023 · -6.00
ROA
25.3%▲
2023 · 0.9%
Debt ≤ 1 year
€7,642▼
2023 · €16,190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161 | - | - | - | - | - |
| Other operating charges640/8 | - | €620 | €392 | €396 | €66 | ▼ 83.3% |
| Non-recurring operating charges66A | - | €542 | - | - | - | - |
| Gross operating margin9900 | €2,474 | -€240 | €7,547 | €775 | €1,837 | ▲ 137% |
| Operating profit (loss)9901 | €31 | -€1,402 | €7,156 | €379 | €1,770 | ▲ 367% |
| Financial income75/76B | - | - | - | - | €135 | - |
| Recurring financial income75 | - | - | - | - | €135 | - |
| Financial charges65/66B | - | €274 | €403 | €251 | €227 | ▼ 9.8% |
| Recurring financial charges65 | €388 | €274 | €403 | €251 | €227 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | -€357 | -€1,676 | €6,753 | €127 | €1,678 | ▲ 1,218% |
| Income taxes67/77 | -€379 | €62 | -€62 | - | - | - |
| Profit (loss) for the period9904 | €23 | -€1,738 | €6,815 | €127 | €1,678 | ▲ 1,218% |
| Profit (loss) for the period to be appropriated9905 | €23 | -€1,738 | €6,815 | €127 | €1,678 | ▲ 1,218% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,669 | €733 | €14,120 | €13,493 | €6,624 | ▼ 50.9% |
| Current assets29/58 | €2,669 | €733 | €14,120 | €13,493 | €6,624 | ▼ 50.9% |
| Amounts receivable within one year40/41 | €284 | - | €6,138 | €4,147 | €3,651 | ▼ 12.0% |
| Trade receivables40 | - | - | €5,890 | €4,147 | €3,651 | ▼ 12.0% |
| Other amounts receivable41 | - | - | €248 | - | - | - |
| Cash at bank and in hand54/58 | €1,923 | €733 | €7,634 | €9,346 | €2,973 | ▼ 68.2% |
| Deferred charges and accrued income490/1 | - | - | €348 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,669 | €733 | €14,120 | €13,493 | €6,624 | ▼ 50.9% |
| Equity10/15 | -€7,901 | -€9,639 | -€2,824 | -€2,696 | -€1,018 | ▲ 62.2% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Capital10 | - | - | €8,000 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €10,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€17,761 | -€19,499 | -€12,684 | -€12,556 | -€10,878 | ▲ 13.4% |
| Amounts payable17/49 | €10,569 | €10,372 | €16,943 | €16,190 | €7,642 | ▼ 52.8% |
| Amounts payable within one year42/48 | €10,569 | €10,372 | €16,419 | €16,190 | €7,642 | ▼ 52.8% |
| Trade debts44 | €6,778 | €6,125 | €11,758 | €10,793 | €6,073 | ▼ 43.7% |
| Suppliers440/4 | - | €6,125 | €11,758 | €10,793 | €6,073 | ▼ 43.7% |
| Taxes, remuneration and social security45 | - | €323 | €62 | €732 | €706 | ▼ 3.5% |
| Taxes450/3 | - | €323 | €62 | €732 | €706 | ▼ 3.5% |
| Other amounts payable47/48 | - | €3,924 | €4,599 | €4,665 | €862 | ▼ 81.5% |
| Accrued charges and deferred income492/3 | - | - | €524 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23 | -€1,738 | €6,815 | €127 | €1,678 | ▲ 1,218% |
| + Depreciation and write-downs630 | €161 | - | - | - | - | - |
| Operating cash flow (approximation) | €184 | -€1,738 | €6,815 | €127 | €1,678 | ▲ 1,218% |
| Change in cash | - | -€1,189 | €6,901 | €1,712 | -€6,373 | ▼ 472% |
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
2026
15-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 17-01-2026
- Registered-office move, Rue Cherave 1, 4500 Huy
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Back to profitnet €6,815
Net result €6,815 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €23
Net result €23 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€9,773
Net result drops to -€9,773, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Huy · 1 establishment unit since 2003
Ground area
3,744 m²
Building footprint
58 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
CQFD
since 20032.135.650.285
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031C0706/00F000 | Wallonia | 2,582 m² | - | - |
| 61322A0076/00W003 | Wallonia | 1,162 m² | 1 · 58 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LICHT & GELUIDSTECHNIEK RENCKENS
BE 0458.059.338
Hechtel-Eksel · Eq €2,373
ART OF NOISE PRODUCTIONS
BE 0875.121.132
Rotselaar · Eq €1,094
LICHT-EN MUZIEKONDERNEMING
BE 0861.951.502
Opwijk · Eq €902
AMLOU
BE 0823.949.474
Menen · Eq €4,209
KIWIK
BE 0797.127.588
Sint-Gillis (bij-Brussel) · Eq €4,872
Of 516 companies in sector 77222 we hold annual accounts for 165. 21 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 (pre-2019)
Founded10-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
77222Rental and leasing activities
59113Video and film production, excluding cinema and television films
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859892330
Also
9925:BE0859892330
Registered
28-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.