Equal QAIR
ActiveSummary
Equal QAIR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-76k) and a net result of €21k. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+6
Solvency20▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.39 in 2023; short-term debt: 105.3% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 · 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
-5.3%
Return on assets
1.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4604 sector peers (2024).
NBB · sector comparisonPosition among 4604 sector peers
Solvency
better than 8%
← 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
31 d late
2022
118 d late
2021
120 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k
2023 · €-13k
2018: €-3k
2019: €-57k▼ -1908% vs 2018lowest in 7 years
2020: €-47k▲ +18.7% vs 2019
2021: €14k▲ +129% vs 2020
2022: €-10k▼ -170% vs 2021
2023: €-13k▼ -40.3% vs 2022
2024: €21k▲ +259% vs 2023highest in 7 years
2018 → 2024
Working capital
€-976k▲ 2.1%
2023 · €-997k
2018: €-971khighest in 7 years
2019: €-1.03M▼ -6.0% vs 2018
2020: €-1.07M▼ -4.4% vs 2019lowest in 7 years
2021: €-973k▲ +9.4% vs 2020
2022: €-983k▼ -1.1% vs 2021
2023: €-997k▼ -1.4% vs 2022
2024: €-976k▲ +2.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-92k-€-74k▲ 19.7%€-83k▼ 13.0%€-97k▼ 16.1%€-76k▲ 22.1%
2020: €-92k
2021: €-74k▲ +19.7% vs 2020highest in 5 years
2022: €-83k▼ -13.0% vs 2021
2023: €-97k▼ -16.1% vs 2022lowest in 5 years
2024: €-76k▲ +22.1% vs 2023
Operating result€-45k-€15k€-9k€-13k▼ 46.4%€22k
2020: €-45klowest in 5 years
2021: €15k▲ +135% vs 2020
2022: €-9k▼ -157% vs 2021
2023: €-13k▼ -46.4% vs 2022
2024: €22k▲ +272% vs 2023highest in 5 years
Net result€-47k-€14k€-10k€-13k▼ 40.3%€21k
2020: €-47klowest in 5 years
2021: €14k▲ +129% vs 2020
2022: €-10k▼ -170% vs 2021
2023: €-13k▼ -40.3% vs 2022
2024: €21k▲ +259% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €22k after a loss of €13k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.41M
Fixed assets
€900k =
Current assets
€514k ▼ 17.8%
Key figures and ratios
Solvency
-5.3%▲
2023 · -6.4%
Current ratio
0.34▼
2023 · 0.39
Debt to equity
-19.71▼
2023 · -16.74
ROA
1.5%▲
2023 · -0.9%
Debt
€1.49M▼
2023 · €1.62M
Debt ≤ 1 year
€1.49M▼
2023 · €1.62M
Income taxes
€600▲
2023 · €120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.53M€1.41M▼
Fixed assets21/28€900k€900k=
Financial fixed assets28€900k€900k=
Current assets29/58€625k€514k▼
Amounts receivable within one year40/41€623k€512k▼
Trade receivables40€532k€510k▼
Other amounts receivable41€91k€2k▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€734€771▲
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.41M▼
Equity10/15€-97k€-76k▲
Contributions10/11€113k€113k=
Profit (loss) carried forward14€-210k€-188k▲
Amounts payable17/49€1.62M€1.49M▼
Amounts payable within one year42/48€1.62M€1.49M▼
Trade debts44€360k€383k▲
Suppliers440/4€360k€383k▲
Taxes, remuneration and social security45€8k€955▼
Taxes450/3€8k€955▼
Other amounts payable47/48€1.25M€1.10M▼
Income statement
Code20232024
Other operating charges640/8€960€200▼
Gross operating margin9900€-12k€22k▲
Operating profit (loss)9901€-13k€22k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€359€296▼
Recurring financial charges65€359€296▼
Profit (loss) for the period before taxes9903€-13k€22k▲
Income taxes67/77€120€600▲
Profit (loss) for the period9904€-13k€21k▲
Profit (loss) for the period to be appropriated9905€-13k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-210k€-188k▲
Profit (loss) brought forward from the previous period14P€-196k€-210k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €792 | - | - | - | - |
| Other operating charges640/8 | - | €868 | €868 | €960 | €200 | ▼ 79.2% |
| Gross operating margin9900 | €-43k | €17k | €-8k | €-12k | €22k | ▲ 287% |
| Operating profit (loss)9901 | €-45k | €15k | €-9k | €-13k | €22k | ▲ 272% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €2k | €723 | €359 | €296 | ▼ 17.6% |
| Recurring financial charges65 | €2k | €2k | €723 | €359 | €296 | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | €-47k | €14k | €-10k | €-13k | €22k | ▲ 265% |
| Income taxes67/77 | - | - | - | €120 | €600 | ▲ 402% |
| Profit (loss) for the period9904 | €-47k | €14k | €-10k | €-13k | €21k | ▲ 259% |
| Profit (loss) for the period to be appropriated9905 | €-47k | €14k | €-10k | €-13k | €21k | ▲ 259% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.64M | €1.46M | €1.47M | €1.53M | €1.41M | ▼ 7.3% |
| Fixed assets21/28 | €982k | €900k | €900k | €900k | €900k | = |
| Tangible fixed assets22/27 | €792 | - | - | - | - | - |
| Financial fixed assets28 | €982k | €900k | €900k | €900k | €900k | = |
| Current assets29/58 | €655k | €557k | €570k | €625k | €514k | ▼ 17.8% |
| Amounts receivable within one year40/41 | €650k | €548k | €567k | €623k | €512k | ▼ 17.8% |
| Trade receivables40 | - | €544k | €535k | €532k | €510k | ▼ 4.1% |
| Other amounts receivable41 | - | €4k | €32k | €91k | €2k | ▼ 97.8% |
| Cash at bank and in hand54/58 | €5k | €9k | €4k | €2k | €1k | ▼ 44.6% |
| Deferred charges and accrued income490/1 | - | - | - | €734 | €771 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.64M | €1.46M | €1.47M | €1.53M | €1.41M | ▼ 7.3% |
| Equity10/15 | €-92k | €-74k | €-83k | €-97k | €-76k | ▲ 22.1% |
| Contributions10/11 | - | €113k | €113k | €113k | €113k | = |
| Profit (loss) carried forward14 | €-211k | €-187k | €-196k | €-210k | €-188k | ▲ 10.2% |
| Amounts payable17/49 | €1.73M | €1.53M | €1.55M | €1.62M | €1.49M | ▼ 8.2% |
| Amounts payable within one year42/48 | €1.73M | €1.53M | €1.55M | €1.62M | €1.49M | ▼ 8.2% |
| Trade debts44 | €288k | €278k | €291k | €360k | €383k | ▲ 6.6% |
| Suppliers440/4 | - | €278k | €291k | €360k | €383k | ▲ 6.6% |
| Taxes, remuneration and social security45 | - | €7k | €8k | €8k | €955 | ▼ 88.6% |
| Taxes450/3 | - | €7k | €8k | €8k | €955 | ▼ 88.6% |
| Other amounts payable47/48 | - | €1.25M | €1.25M | €1.25M | €1.10M | ▼ 11.9% |
| Accrued charges and deferred income492/3 | - | €868 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47k | €14k | €-10k | €-13k | €21k | ▲ 259% |
| + Depreciation and write-downs630 | €1k | €792 | - | - | - | - |
| Operating cash flow (approximation) | €-45k | €14k | €-10k | €-13k | €21k | ▲ 259% |
| Investment in fixed assets (approximation) | - | €82k | €0 | €0 | €0 | - |
| Change in cash | - | €4k | €-6k | €-2k | €-836 | ▲ 53.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
26-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 118 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 120 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 90 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Grez-Doiceau · 1 establishment unit since 2009
Ground area
3,556 m²
Building footprint
288 m²
Volume, LiDAR
2,095 m³
Parcel 25037D0029/00Y000, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Equal Qair
since 20092.175.783.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0029/00Y000 | Wallonia | 3,556 m² | 1 · 288 m² | 11.1 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 24,673 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
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
Contact
Phone
02/776 81 59Grez-Doiceau
Scores and ratios are computed by Checked and are not a credit decision.