E-QUAL
The computed 12-month bankruptcy probability of E-QUAL is 2.1% (moderate). The 2024 annual accounts show equity of €272k and a net result of €12k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 36383 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €272k |
| Net result | €12k |
| Better than sector | 29% |
| Active | 8 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.6% | 46.6% | |
| Net result | €12k | €9k | |
| Equity | €272k | €58k | |
| Gross operating margin | €1.32M | €38k | |
| Staff costs | €1.17M | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €123k | €259k | €331k | €123k |
| Net profit | €12k | €154k | €232k | €82k |
| Cash flow | €112k | €206k | €247k | €96k |
| Staff costs | €1.17M | €354k | €298k | €41k |
| Income taxes | €8k | €62k | €83k | €32k |
| Dividends | - | €100k | €150k | - |
| Total assets | €986k | €603k | €516k | €181k |
| Equity | €272k | €260k | €205k | €123k |
| Debt | €714k | €344k | €310k | €58k |
| of which ≤ 1y | €665k | €334k | €310k | €58k |
| of which > 1y | €49k | €9k | - | - |
| Working capital | €-5k | €141k | €69k | €102k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.99 | 1.42 | 1.22 | 2.76 |
| Quick ratio | 0.99 | 1.42 | 1.22 | 2.76 |
| Working capital ratio | -0.5% | 23.4% | 13.3% | 56.4% |
| Solvency | 27.6% | 43.0% | 39.8% | 67.9% |
| Debt / equity | 2.63 | 1.32 | 1.51 | 0.47 |
| Long-term debt ratio | 0.18 | 0.04 | - | - |
| Interest coverage | 34.92 | 106.29 | 532.28 | 416.53 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.2% | 25.6% | 45.0% | 45.2% |
| ROE | 4.5% | 59.4% | 113.1% | 66.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €986k | €603k | €516k | €181k |
| Fixed assets | 21/28 | €325k | €128k | €137k | €21k |
| Tangible fixed assets | 22/27 | €212k | €116k | €110k | €21k |
| Financial fixed assets | 28 | €114k | €12k | €27k | - |
| Current assets | 29/58 | €660k | €475k | €379k | €160k |
| Amounts receivable within one year | 40/41 | €528k | €335k | €309k | €124k |
| Cash & bank | 54/58 | €132k | €139k | €62k | €35k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €986k | €603k | €516k | €181k |
| Equity | 10/15 | €272k | €260k | €205k | €123k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €264k | €252k | €197k | €115k |
| Amounts payable | 17/49 | €714k | €344k | €310k | €58k |
| Amounts payable after one year | 17 | €49k | €9k | - | - |
| Amounts payable within one year | 42/48 | €665k | €334k | €310k | €58k |
| Trade debts payable within one year | 44 | €472k | €82k | €35k | €13k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.32M | €625k | €640k | €168k |
| Operating result | 9901 | €23k | €208k | €316k | €110k |
| Financial income | 75 | €362 | €11k | - | €4k |
| Financial charges | 65 | €4k | €2k | €622 | €296 |
| Result before taxes | 9903 | €20k | €217k | €315k | €114k |
| Income taxes | 67/77 | €8k | €62k | €83k | €32k |
| Net result for the period | 9904 | €12k | €154k | €232k | €82k |
| Result to be appropriated | 9905 | €12k | €154k | €232k | €82k |
-
Current29-03-2023 → present
| NACE primary | Other building finishing work(43350) |
| Legal form | Private limited company(610) |
| Incorporation | 20-04-2018 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-04-2026 Act object · General meeting · Seat change
- Act object: déplacement du siège social · E-QUAL
- General meeting: date: 2026-02-27, type: assemblée générale extraordinaire · E-QUAL
- Seat change: new_address: Boulevard de l'Empereur, 10 1000 Bruxelles, old_address: Rué de Verdun 752 - 1130 Bruxelles · E-QUAL
- Filing: date: 2026-04-21, location: greffe du tribunal de l'entreprise francophone de Bruxelles · E-QUAL
- Publication: date: 2026-04-28 · E-QUAL
Technical details
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"quote": "Extrait du proc\u00E8s-verbal de l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire tenue le vendredi 27 f\u00E9vrier 2026.",
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}30-12-2025 Change in the board of directors
Technical details
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}29-03-2023 ARPACI Faki Can appointed as director
- ARPACI Faki Can, Bestuurder
Technical details
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}23-11-2018 Transaction in capital or shares
Technical details
{
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}24-04-2018 Incorporation of a new SRL
Technical details
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"capital_eur": 18600.0,
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"initial_directors": [],
"incorporation_date": "2018-04-20",
"post_incorporation_mandates": []
}| Legal nameFR | E-QUAL |