Overdue debts
€99,178 on 31-12-2025
The annual accounts state €14,289 of overdue tax debts and €84,889 of overdue social security (RSZ) debts on 31-12-2025.
CQTECH
Overview
Lifetime
14 annual accounts with figures on one time axispeak €1.2m (2023)
€968,851▲ 31.4%
lowest -€70,185 (2025)
-€70,185▼ €11,642
peak €300,529 (2016)
€55,374▼ 55.9%
€231,079▲ 87.6%
peak 24 FTE (2014)
-not published
Board7 names since 2017
3 directorsGiannuzzi Mikael and 2 others
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from €737,434 to €968,851Loss of €70,185Equity from €125,559 to €55,374Debts from €123,195 to €231,079Cash from €43,850 to €19,031
Key points
from the 2025 annual accountsEquity
€55,374 from €300,529 in 2016
Equity fell by 82% in 9 years.
Losses
-€185,050 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€231,079 ▲ 87.6%
Debts rose by €107,884 in 2025.
Staff
26 employees on 31-12-2025
In 2025, 16 people joined and 13 left.
Position in the sector
-€70,185
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
53
Fair
Financially stronger than 10% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 0.9%● unchanged vs 07-2026highest value
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €70,185, the second in a row (financial year 2025)
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €286,453
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 21% of them on solvency, 8% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 180 companies had the same profile as CQTECH has now. Each dot is one company, two years later.
91.1%
were still trading
2.8%
stopped another way
5.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CQTECH itself is lower: 0.9% within 12 months. It rests on far more data about CQTECH than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 180 companies, not a prediction for CQTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.19 (1.86 in 2024), below the usual 1.5. Short-term debt is 80.7% and cash 6.6% of total assets. 80.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€70,185
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
21 days early
2023
22 days late
2022
29 days late
2021
88 days late
2020
26 days late
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
2 directors appointed, 1 resignation
Resignation: Giannuzzi Mikael · Appointments: LU7 and G-MGT · Director discharge: Giannuzzi Mikael · General meeting of 10-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840795109
Reappointment: GIANNUZZI Mikael (director)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CQTECH Frameries | €286,453 | €1.0m | 19.3% | - |
| CARDO CONSTRUCT RAILWAYLOGISTICS Geraardsbergen | €288,160 | €1.0m | -129.4% | 7 |
| CJ Waasmunster | €295,360 | €0.6m | 36.9% | 7.1 |
| NETS Courcelles | €376,913 | €0.6m | 27.0% | - |
| ELECTRICITE TECHNIQUE SECURITE Ottignies-Louvain-la-Neuve | €265,678 | €0.6m | 3.7% | 7.8 |
| ELIEKO Wielsbeke | €394,514 | €0.9m | 51.6% | - |
| ELECTRICITE MIGNON Dinant | €347,540 | €0.6m | 5.4% | - |
These companies have the same main activity as CQTECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €266,000 and €395,000, founded between 2006 and 2013.
Official details
Source: KBO- Status
- Active since 03-11-2011Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.204.902.0507080 Frameries, since 03-11-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2025
- €968,851▲ 31.4%
- ≈ €2.1mestimated
- €70,185▲ 19.9%
- €55,374▼ 55.9%
- €286,453▲ 15.2%
- Employeeson 31-12-2025
- 26▲ 13.0%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on CQTECH
CQTECH files the micro format. That format states no turnover. The gross margin rose from €139,501 in 2012 to €968,851 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-06-2026, 43 days before the deadline€968,851
▲ 31.4%
-€68,774
▼ €10,362
-€70,185
▼ €11,642
€44,165
▼ 58.1%
19.3%
▼ 31.1 percentage points
1.19
▼ 0.66
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.1m. Estimated: probably between €1.8m and €2.7m.
Balance sheet
balance sheet total €286,453 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
19.3%
Higher than 21% of 35,136 companies in 2025.
1.19
Higher than 29% of 34,510 companies in 2025.
-24.5%
Higher than 7% of 34,711 companies in 2025.
CQTECH
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€38,405
Staff costs divided by the average number of full-time equivalents.
+3 people
people who joined
people who left
In 2025, 16 people joined and 13 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
286,453 | 248,754 | 445,163 | 418,706 | 311,987 | 274,510 | 281,051 | 281,356 | 335,683 | 427,365 | 434,996 | 418,120 | 152,447 | 48,800 | |
21/28 |
11,209 | 20,138 | 27,800 | 21,453 | 4,016 | 308 | 617 | - | - | 3,067 | 6,693 | 11,354 | 2,249 | 419 | |
22/27 |
8,209 | 17,138 | 24,800 | 18,453 | 1,016 | 308 | 617 | - | - | 3,067 | 6,693 | 11,354 | 2,249 | 419 | |
23 |
2,842 | 4,034 | 5,226 | - | - | - | - | - | - | - | - | 502 | 989 | - | |
24 |
5,367 | 13,104 | 19,574 | 18,453 | 1,016 | 308 | 617 | - | - | 3,067 | 6,693 | 10,852 | 1,260 | 419 | |
28 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | - | - | - | - | - | - | - | - | - | |
29/58 |
275,244 | 228,616 | 417,363 | 397,253 | 307,971 | 274,202 | 280,434 | 281,356 | 335,683 | 424,298 | 428,303 | 406,766 | 150,198 | 48,381 | |
40/41 |
255,213 | 183,766 | 284,663 | 356,712 | 285,145 | 271,737 | 279,891 | 273,613 | 330,991 | 400,880 | 404,443 | 400,466 | 149,884 | 44,883 | |
40 |
246,764 | 180,901 | 281,108 | 354,595 | 283,990 | 271,212 | 274,879 | 272,164 | 323,872 | 393,673 | 403,579 | 399,031 | 146,720 | 44,078 | |
41 |
8,449 | 2,865 | 3,555 | 2,117 | 1,155 | 525 | 5,012 | 1,449 | 7,119 | 7,207 | 864 | 1,435 | 3,164 | 805 | |
54/58 |
19,031 | 43,850 | 132,700 | 40,541 | 22,826 | 2,465 | 543 | 4,742 | 4,692 | 23,418 | 23,860 | 6,300 | 314 | 3,498 | |
490/1 |
1,000 | 1,000 | - | - | - | - | - | 3,001 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
286,453 | 248,754 | 445,163 | 418,706 | 311,987 | 274,510 | 281,051 | 281,356 | 335,683 | 427,365 | 434,996 | 418,120 | 152,447 | 48,800 | |
10/15 |
55,374 | 125,559 | 184,102 | 240,424 | 183,981 | 170,288 | 227,078 | 242,644 | 273,335 | 300,529 | 253,896 | 190,125 | 62,578 | 23,674 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 874 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 874 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
47,314 | 117,499 | 176,042 | 232,364 | 175,921 | 162,228 | 219,018 | 234,584 | 265,275 | 292,469 | 245,836 | 182,065 | 54,518 | 16,600 | |
17/49 |
231,079 | 123,195 | 261,061 | 178,282 | 128,006 | 104,222 | 53,973 | 38,712 | 62,348 | 126,836 | 181,100 | 227,995 | 89,869 | 25,126 | |
42/48 |
231,079 | 123,195 | 261,061 | 178,282 | 128,006 | 104,222 | 53,973 | 38,712 | 62,348 | 126,836 | 181,100 | 227,995 | 89,869 | 25,126 | |
42 |
- | - | - | - | - | - | - | - | 4,192 | - | - | - | - | - | |
43 |
- | - | - | - | - | - | 473 | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | 473 | - | - | - | - | - | - | - | |
44 |
12,172 | 7,289 | 63,042 | 13,150 | 9,987 | 4,941 | 5,648 | 6,298 | 3,229 | 5,105 | 22,280 | 36,547 | 7,987 | 506 | |
440/4 |
12,172 | 7,289 | 63,042 | 13,150 | 9,987 | 4,941 | 5,648 | 6,298 | 3,229 | 5,105 | 22,280 | 36,547 | 7,987 | 506 | |
45 |
202,198 | 114,652 | 187,320 | 164,284 | 117,171 | 98,433 | 47,022 | 31,584 | 54,594 | 121,623 | 158,712 | 191,348 | 81,782 | 24,620 | |
450/3 |
14,289 | 4,332 | 10,625 | 9,401 | 3,839 | 712 | 1,879 | 1,719 | 22,460 | 53,694 | 82,185 | 73,647 | 28,982 | 9,881 | |
454/9 |
187,909 | 110,320 | 176,695 | 154,883 | 113,332 | 97,721 | 45,143 | 29,865 | 32,134 | 67,929 | 76,527 | 117,701 | 52,800 | 14,739 | |
47/48 |
16,709 | 1,254 | 10,699 | 848 | 848 | 848 | 830 | 830 | 333 | 108 | 108 | 100 | 100 | - | |
| Income statement | |||||||||||||||
9900 |
968,851 | 737,434 | 1.2m | 888,448 | 380,276 | 186,033 | 352,115 | 213,293 | 212,858 | 472,866 | 540,140 | 897,207 | 251,698 | 139,501 | |
62 |
1.0m | 773,735 | 1.2m | 825,424 | 364,004 | 241,978 | 366,574 | 242,261 | 235,891 | 399,350 | 444,089 | 715,798 | 197,610 | 111,604 | |
630 |
8,928 | 12,613 | 9,603 | 5,301 | 726 | 308 | 308 | - | 3,067 | 3,626 | 4,661 | 4,840 | 1,214 | 1,109 | |
640/8 |
3,272 | 9,498 | 3,136 | 1,119 | 1,197 | 170 | 737 | 950 | 705 | 1,050 | 544 | 511 | - | - | |
9901 |
-68,774 | -58,412 | -56,762 | 56,604 | 14,349 | -56,423 | -15,504 | -29,918 | -26,805 | 68,840 | 90,846 | 176,058 | 52,874 | 26,788 | |
75/76B |
- | - | 512 | 4 | - | - | 2 | - | - | 1 | 12 | 32 | 14 | 14 | |
75 |
- | - | 512 | 4 | - | - | 2 | - | - | 1 | 12 | 32 | 14 | 14 | |
65/66B |
1,411 | 131 | 72 | 165 | 656 | 367 | 64 | 773 | 389 | 814 | 350 | 225 | 49 | 171 | |
65 |
1,411 | 131 | 72 | 165 | 656 | 367 | 64 | 773 | 389 | 814 | 350 | 225 | 49 | 171 | |
9903 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 68,027 | 90,508 | 175,865 | 52,839 | 26,631 | |
67/77 |
- | - | - | - | - | - | - | - | - | 21,394 | 26,737 | 48,318 | 13,935 | 9,157 | |
9904 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 46,633 | 63,771 | 127,547 | 38,904 | 17,474 | |
9905 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 46,633 | 63,771 | 127,547 | 38,904 | 17,474 | |
| Appropriation of the result | |||||||||||||||
9906 |
47,314 | 117,499 | 176,042 | 232,364 | 175,921 | 162,228 | 219,018 | 234,584 | 265,275 | 292,469 | 245,836 | 182,065 | 55,504 | 17,474 | |
14P |
117,499 | 176,042 | 232,364 | 175,921 | 162,228 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 986 | 874 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 986 | 874 | |
| Social balance sheet | |||||||||||||||
9087 |
26.7 | 23.3 | 34.6 | 26.7 | 15.7 | 12.4 | 14.4 | 9.4 | 8 | 15 | 13 | 24 | 15 | 4 | |
Hours worked1013 |
31,564 | 25,148 | 45,227 | 33,113 | 16,150 | 11,157 | 17,883 | 11,993 | 10,526 | 20,125 | 22,542 | 35,408 | 9,439 | 5,692 | |
| Document | |||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00194406 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00271056 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00376650 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00433083 | |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20477051 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54700574 | |
| 31-12-2019 | full format | 07-09-2020 | 2020-51500591 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-53700160 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-46200094 | |
| 31-12-2016 | full format | 02-08-2017 | 2017-40500380 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-56200072 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-54400508 | |
| 31-12-2013 | full format | 29-09-2014 | 2014-61200455 | |
| 31-12-2012 | full format | 31-10-2013 | 2013-65000218 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -59,846 | -45,799 | -47,159 | 61,905 | 15,075 | -56,115 | -15,196 | - | -23,738 | 72,466 | 95,507 | 180,898 | 54,088 | 27,897 | ||
| -61,257 | -45,930 | -46,719 | 61,744 | 14,419 | -56,482 | -15,258 | - | -24,127 | 50,259 | 68,432 | 132,387 | 40,118 | 18,583 | ||
| -1 | 4,950 | 15,950 | 22,739 | 4,433 | -1 | 925 | - | 0 | 0 | 0 | 20,943 | 3,044 | 628 | ||
| -24,819 | -88,850 | 92,159 | 17,715 | 20,361 | 1,922 | -4,199 | 50 | -18,726 | -442 | 17,560 | 5,986 | -3,184 | - | ||
| 44,165 | 105,421 | 156,302 | 218,971 | 179,965 | 169,980 | 226,461 | 242,644 | 273,335 | 297,462 | 247,203 | 178,771 | 60,329 | 23,255 | ||
| 19.3% | 50.5% | 41.4% | 57.4% | 59.0% | 62.0% | 80.8% | 86.2% | 81.4% | 70.3% | 58.4% | 45.5% | 41.0% | 48.5% | ||
| 1.19 | 1.86 | 1.60 | 2.23 | 2.41 | 2.63 | 5.20 | 7.27 | 5.38 | 3.35 | 2.37 | 1.78 | 1.67 | 1.93 | ||
| 4.17 | 0.98 | 1.42 | 0.74 | 0.70 | 0.61 | 0.24 | 0.16 | 0.23 | 0.42 | 0.71 | 1.20 | 1.44 | 1.06 | ||
| -126.7% | -46.6% | -30.6% | 23.5% | 7.4% | -33.3% | -6.9% | -12.6% | -9.9% | 15.5% | 25.1% | 67.1% | 62.2% | 73.8% | ||
| -24.5% | -23.5% | -12.7% | 13.5% | 4.4% | -20.7% | -5.5% | -10.9% | -8.1% | 10.9% | 14.7% | 30.5% | 25.5% | 35.8% | ||
| -42.41 | -349.61 | -654.99 | over 100 | 22.98 | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 26 | 23 | 33 | 31 | 21 |
| full-time | 26 | 23 | 33 | 31 | 21 |
| in full-time equivalents | 26 | 23 | 33 | 31 | 21 |
| 26.7 | 23.3 | 34.6 | 26.7 | 15.7 | |
| On a permanent contract | 15 | 23 | 33 | 31 | 21 |
| Joined | 16 | 7 | 25 | 27 | 23 |
| Left | 13 | 17 | 23 | 17 | 14 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | €14,289 | €4,332 | - | - | - |
| Overdue social security (RSZ) debts | €84,889 | €33,241 | - | €62,119 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,950 | €15,950 | €22,739 | €1,433 |
| Financial fixed assets | - | - | - | - | €3,000 |
| €8,928 | €12,613 | €9,603 | €5,301 | €726 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CQTECH
The operating result for 2025 is a loss of €68,774, larger than the loss of €58,412 in 2024. It is the lowest result since 2012.
Debt's share of the balance-sheet total rises from 49.5% to 80.7%. Equity is lower and debt is higher.
Board & ownership
Board
3 directors, last change in September 2026LU7 BV
Director, permanent representative Micciché Giuseppe
LU7
Director
appointed by deed of 09-04-2026
listed in the 2025 annual accounts, filed on 18-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 05-02-2024
Permanent representatives 1
Mandates through the years
7 names, the dashed line is todayLU7
Director
Director
LU7
Director
Director
LU7
Director
Director
G-MGT
Director
Director
Giannuzzi Mikael
Director
Director
MARRONE Loris
Manager
Manager
BARCA Antonio
Manager
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
- LU7
- Director, since before 31-12-2025
- LU7
- Director, appointed by deed of 09-04-2026, still in office
- LU7
- Director, appointed by deed of 09-04-2026, still in office
- G-MGT
- Director, from before 31-12-2025 to 28-09-2026
- Giannuzzi Mikael
- Director, appointed by deed of 04-03-2021, until 09-04-2026
- MARRONE Loris
- Manager, appointed by deed of 05-10-2017, until 04-03-2021
- BARCA Antonio
- Manager, until 05-10-2017
Control
Capital
- Contribution
- €6,200
- Source
- 2025 annual accounts
Articles of association
deed of 05-02-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Mêmes formalités si non actionnaires de plein droit, réponse affirmative ou négative par écrit recommandé dans quinze jours,abstention vaut…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Tuesday of June at 18:00
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director went bankrupt (2026).
- VG INDUSTRIAL WORK bankruptcy on 14-09-2026Official Gazetteappointed in 2026, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
CQTECH has no parent and no holdings in its annual accounts.
At the same address
Avenue des Amériques 11, 7080 Frameries · 4 other companies| NOVAPEINT COATING
establishment since 29-07-2015 · founded in 2015 |
total assets €294,440 (2025) 0633.605.186 |
| VG INDUSTRIAL WORK
registered office since 01-04-2004 · founded in 2004 |
total assets €192,665 (2025) 0863.866.459 |
| Jean RAES Entreprise
registered office since 17-02-2000 · founded in 2000 |
total assets €134,297 (2022) 0470.937.869 |
| LU7
registered office since 10-03-2026 |
founded in 2026 1035.375.327 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
VG INDUSTRIAL WORK
via LU7, G-MGT (at CQTECH until 2026) and Giannuzzi Mikael (at CQTECH until 2026) · Director · deeds of 09-04-2026 and 05-02-2024
Open bankruptcy · founded in 2004 · total assets €192,665 (2025)
→
Timeline
Timeline
28 events since 2011Board
Filings
Financial
Establishments
Address
20122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 43 days before the deadline
2 directors appointed, 1 resignationResignation: Giannuzzi Mikael · Appointments: LU7 and G-MGT · Director discharge: Giannuzzi Mikael · General meeting of 10-03-20265 points ▸
- General meeting, 10-03-2026
- Director resignation, Giannuzzi Mikael
- Director discharge, Giannuzzi Mikael
- Director appointment, LU7
- Director appointment, G-MGT
2025
Weakest financial year net -€70,185 The net result drops to -€70,185, the lowest from 2012 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0840795109
Annual accounts 2024 filed PDFmicro format · 21 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 22 days late
Reappointment: GIANNUZZI Mikael (director)3 points ▸
- Director reappointment, GIANNUZZI Mikael (director (not named in the articles))
- Registered office clause, Avenue des Amériques 11, 7080 Frameries
- 100 shares
- The deed holds 11 more points.
2023
Annual accounts 2022 filed PDFmicro format · 29 days late
2022
Annual accounts 2021 filed PDFmicro format · 88 days late
2021
Back to profit net €13,693 The net result is €13,693, after 4 loss-making years.
Annual accounts 2020 filed PDFmicro format · 26 days late
Registered office moved within FrameriesNew registered office: Avenue des Amériques 11 à 7080 Frameries · Previous registered office: Avenues des Nouvelles Technologies 41 à 7080 Frameries · Resignation: MARRONE Loris (director) · General meeting of 15-02-20215 points ▸
- General meeting, 15-02-2021
- Director resignation, MARRONE Loris
- Director discharge, MARRONE Loris
- Director appointment, GIANNUZZI Mikael
- Registered-office move, Avenue des Amériques 11 à 7080 Frameries
2020
Annual accounts 2019 filed PDFfull format · 38 days late
2019
Annual accounts 2018 filed PDFfull format · 26 days late
2018
Annual accounts 2017 filed PDFfull format · 14 days late
2017
Registered office moved from Obourg to FrameriesNew registered office: Avenues des Nouvelles Technologies 41 à 7080 Frameries · Previous registered office: Rue des Bruyères 216-7034 OBOURG · General meeting of 06-11-20172 points ▸
- General meeting, 06-11-2017
- Registered-office move, Avenues des Nouvelles Technologies 41 à 7080 Frameries
New managerMARRONE Loris appointed, BARCA Antonio resigned · Director discharge: BARCA Antonio · General meeting of 12-09-20174 points ▸
- General meeting, 12-09-2017
- Director resignation, BARCA Antonio (manager)
- Director discharge, BARCA Antonio
- Director appointment, MARRONE Loris (manager)
Annual accounts 2016 filed PDFfull format · 2 days late
2016
Annual accounts 2015 filed PDFfull format · 29 days late
2015
Equity above €200,000 equity €253,896 ▲33.5% With a profit in every financial year since 2012, equity grows to €253,896.
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Highest result from 2012 to 2025 net €127,547 ▲228% The operating result of €176,058 and the net result of €127,547 are both a record.
Equity above €150,000 equity €190,125 ▲204% With a profit in every financial year since 2012, equity grows to €190,125.
Annual accounts 2013 filed PDFfull format · 60 days late
2013
Annual accounts 2012 filed PDFfull format · 92 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0840.795.109
- VAT number
- BE 0840.795.109
- Peppol ID
- 0208:0840795109
- Other Peppol ID
- 9925:BE0840795109
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-11-2011
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Tuesday of June at 18:00deed of 05-02-2024 (in French)
- Peppol
- Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CQTECH in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-02-2024 (in French)
Activities
NACEBEL 2025VAT activities
43211
General electrical installation work main activity
Social security (RSZ) activities
43990
Other specialised construction activities main activity
Codes under NACEBEL 2008
VAT activities
43211
Specialised construction activities main activity
Social security (RSZ) activities
43999
Specialised construction activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités liées à l’électricité industrielle et tertiaire; Toutes activités liées au montage mécanique”deed of 05-02-2024 (in French)
2 activities
- Toutes activités liées à l’électricité industrielle et tertiaire
- Toutes activités liées au montage mécanique
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| CQ TECH SPRL registered office Avenue des Amériques 11, 7080 Frameries | 03-11-2011 | 2.204.902.050 |
1 former office
- Rue des Bruyères 216, 7034 Obourg until 06-11-2017 · deed of 11-12-2017
Buildings and parcels at the address
- Ground area
- 1,637 m²
- Buildings
- 697 m²
- Volume, LiDAR
- 4,684 m³
- Tallest building
- 8.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53028A0278/00K000 | 1,637 m² | 1 · 697 m² | 8.8 m · 2 |
Recognitions
Recognised contractor
2 categoriesCQTECH SRLapproval number 42101
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
Contact
E-mail
cqtech@hotmail.com establishment in Frameries
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0840.795.109