CQTECH
ActiveSummary
CQTECH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €125,559 and a net result of -€58,543. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-3
Solvency75▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.6 in 2023; short-term debt: 49.5% and cash: 17.6% of total assets), and 49.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
50.5%
Return on assets
-23.5%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€58,543
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
22 d late
2022
29 d late
2021
88 d late
2020
26 d late
2019
38 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 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€58,543▼ 3.9%
2023 · -€56,322
Working capital
€105,421▼ 32.6%
2023 · €156,302
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-€56,423▼ 264%€14,349€56,604▲ 294%-€56,762-€58,412▼ 2.9%
Net result-€56,790▼ 265%€13,693€56,443▲ 312%-€56,322-€58,543▼ 3.9%
Equity€170,288▼ 25.0%€183,981▲ 8.0%€240,424▲ 30.7%€184,102▼ 23.4%€125,559▼ 31.8%
Total assets€274,510▼ 2.3%€311,987▲ 13.7%€418,706▲ 34.2%€445,163▲ 6.3%€248,754▼ 44.1%
Debt€104,222▲ 93.1%€128,006▲ 22.8%€178,282▲ 39.3%€261,061▲ 46.4%€123,195▼ 52.8%
Working capital€169,980▼ 24.9%€179,965▲ 5.9%€218,971▲ 21.7%€156,302▼ 28.6%€105,421▼ 32.6%
Staff (FTE)12.4▼ 13.9%15.7▲ 26.6%26.7▲ 70.1%34.6▲ 29.6%23.3▼ 32.7%
Why a figure moved sharply
- 2022 Staff (FTE) +70% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58,412 in 2024 against €56,762 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248,754
Fixed assets
€20,138 ▼ 27.6%
Current assets
€228,616 ▼ 45.2%
Equity and liabilities €248,754
Equity
€125,559 ▼ 31.8%
Debt
€123,195 ▼ 52.8%
Debt's share of the balance-sheet total falls from 58.6% to 49.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€45,799▲
2023 · -€47,159
Cash flow
-€45,930▲
2023 · -€46,719
Current ratio
1.86▲
2023 · 1.60
Debt to equity
0.98▼
2023 · 1.42
ROE
-46.6%▼
2023 · -30.6%
ROA
-23.5%▼
2023 · -12.7%
Interest coverage
-349.61▲
2023 · -654.99
Debt ≤ 1 year
€123,195▼
2023 · €261,061
Staff costs
€773,735▼
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 371 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 92% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
6.7%
stopped otherwise
92%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €364,004 | €825,424 | €1.2m | €773,735 | ▼ 35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €308 | €726 | €5,301 | €9,603 | €12,613 | ▲ 31.3% |
| Other operating charges640/8 | - | €1,197 | €1,119 | €3,136 | €9,498 | ▲ 203% |
| Gross operating margin9900 | €186,033 | €380,276 | €888,448 | €1.2m | €737,434 | ▼ 36.4% |
| Operating profit (loss)9901 | -€56,423 | €14,349 | €56,604 | -€56,762 | -€58,412 | ▼ 2.9% |
| Financial income75/76B | - | - | €4 | €512 | - | - |
| Recurring financial income75 | - | - | €4 | €512 | - | - |
| Financial charges65/66B | - | €656 | €165 | €72 | €131 | ▲ 81.9% |
| Recurring financial charges65 | €367 | €656 | €165 | €72 | €131 | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | -€56,790 | €13,693 | €56,443 | -€56,322 | -€58,543 | ▼ 3.9% |
| Profit (loss) for the period9904 | -€56,790 | €13,693 | €56,443 | -€56,322 | -€58,543 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | -€56,790 | €13,693 | €56,443 | -€56,322 | -€58,543 | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,510 | €311,987 | €418,706 | €445,163 | €248,754 | ▼ 44.1% |
| Fixed assets21/28 | €308 | €4,016 | €21,453 | €27,800 | €20,138 | ▼ 27.6% |
| Tangible fixed assets22/27 | €308 | €1,016 | €18,453 | €24,800 | €17,138 | ▼ 30.9% |
| Plant, machinery and equipment23 | - | - | - | €5,226 | €4,034 | ▼ 22.8% |
| Furniture and vehicles24 | - | €1,016 | €18,453 | €19,574 | €13,104 | ▼ 33.1% |
| Financial fixed assets28 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €274,202 | €307,971 | €397,253 | €417,363 | €228,616 | ▼ 45.2% |
| Amounts receivable within one year40/41 | €271,737 | €285,145 | €356,712 | €284,663 | €183,766 | ▼ 35.4% |
| Trade receivables40 | - | €283,990 | €354,595 | €281,108 | €180,901 | ▼ 35.6% |
| Other amounts receivable41 | - | €1,155 | €2,117 | €3,555 | €2,865 | ▼ 19.4% |
| Cash at bank and in hand54/58 | €2,465 | €22,826 | €40,541 | €132,700 | €43,850 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,510 | €311,987 | €418,706 | €445,163 | €248,754 | ▼ 44.1% |
| Equity10/15 | €170,288 | €183,981 | €240,424 | €184,102 | €125,559 | ▼ 31.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €162,228 | €175,921 | €232,364 | €176,042 | €117,499 | ▼ 33.3% |
| Amounts payable17/49 | €104,222 | €128,006 | €178,282 | €261,061 | €123,195 | ▼ 52.8% |
| Amounts payable within one year42/48 | €104,222 | €128,006 | €178,282 | €261,061 | €123,195 | ▼ 52.8% |
| Trade debts44 | €4,941 | €9,987 | €13,150 | €63,042 | €7,289 | ▼ 88.4% |
| Suppliers440/4 | - | €9,987 | €13,150 | €63,042 | €7,289 | ▼ 88.4% |
| Taxes, remuneration and social security45 | - | €117,171 | €164,284 | €187,320 | €114,652 | ▼ 38.8% |
| Taxes450/3 | - | €3,839 | €9,401 | €10,625 | €4,332 | ▼ 59.2% |
| Remuneration and social security454/9 | - | €113,332 | €154,883 | €176,695 | €110,320 | ▼ 37.6% |
| Other amounts payable47/48 | - | €848 | €848 | €10,699 | €1,254 | ▼ 88.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,790 | €13,693 | €56,443 | -€56,322 | -€58,543 | ▼ 3.9% |
| + Depreciation and write-downs630 | €308 | €726 | €5,301 | €9,603 | €12,613 | ▲ 31.3% |
| Operating cash flow (approximation) | -€56,482 | €14,419 | €61,744 | -€46,719 | -€45,930 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€4,434 | -€22,738 | -€15,950 | -€4,951 | ▲ 69.0% |
| Change in cash | - | €20,361 | €17,715 | €92,159 | -€88,850 | ▼ 196% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€58,543
Net result drops to -€58,543, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €56,443 ▲312%
Operating result €56,604, net result €56,443, both a record.
31-12
Financial
Equity above €200,000Eq €240,424 ▲30.7%
2 profitable years in a row build equity to €240,424.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Back to profitnet €13,693
Net result €13,693 after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Frameries · 1 establishment unit since 2011
Ground area
1,637 m²
Building footprint
697 m²
Volume, LiDAR
4,684 m³
Parcel 53028A0278/00K000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CQ TECH SPRL
since 20112.204.902.050
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028A0278/00K000 | Wallonia | 1,637 m² | 1 · 697 m² | 8.8 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCQTECH SRL42101
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,731 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
Founded03-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
Contact
E-mail
cqtech@hotmail.comFrameries
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840795109
Also
9925:BE0840795109
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.