GQS
ActiveSummary
GQS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242k and a net result of €32k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-1
Solvency100▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 8.98 against 6.91 in 2024; short-term debt: 8.2% and cash: 25.9% of total assets), and 22.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.3%
Return on assets
10.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
45 d early
2023
40 d early
2022
39 d early
2021
45 d early
2020
25 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€242k▼ 0.8%
2024 · €243k
2019: €129klowest in 7 years
2020: €157k▲ +21.6% vs 2019
2021: €191k▲ +21.2% vs 2020
2022: €224k▲ +17.4% vs 2021
2023: €205k▼ -8.6% vs 2022
2024: €243k▲ +18.8% vs 2023highest in 7 years
2025: €242k▼ -0.8% vs 2024
2019 → 2025
Total assets
€312k▼ 6.7%
2024 · €335k
2019: €157klowest in 7 years
2020: €170k▲ +8.0% vs 2019
2021: €201k▲ +18.6% vs 2020
2022: €259k▲ +28.6% vs 2021
2023: €245k▼ -5.4% vs 2022
2024: €335k▲ +36.7% vs 2023highest in 7 years
2025: €312k▼ -6.7% vs 2024
2019 → 2025
Net result
€32k▼ 15.6%
2024 · €38k
2019: €34k
2020: €28k▼ -18.4% vs 2019lowest in 7 years
2021: €33k▲ +19.2% vs 2020
2022: €33k▼ -0.5% vs 2021
2023: €41k▲ +22.7% vs 2022highest in 7 years
2024: €38k▼ -5.7% vs 2023
2025: €32k▼ -15.6% vs 2024
2019 → 2025
Working capital
€205k▲ 1.7%
2024 · €201k
2019: €121klowest in 7 years
2020: €148k▲ +21.9% vs 2019
2021: €176k▲ +19.6% vs 2020
2022: €221k▲ +25.0% vs 2021highest in 7 years
2023: €178k▼ -19.3% vs 2022
2024: €201k▲ +13.0% vs 2023
2025: €205k▲ +1.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€224k▲ 17.4%€205k▼ 8.6%€243k▲ 18.8%€242k▼ 0.8%
2021: €191klowest in 5 years
2022: €224k▲ +17.4% vs 2021
2023: €205k▼ -8.6% vs 2022
2024: €243k▲ +18.8% vs 2023highest in 5 years
2025: €242k▼ -0.8% vs 2024
Operating result€42k-€42k▼ 1.3%€53k▲ 25.9%€52k▼ 0.4%€43k▼ 17.3%
2021: €42k
2022: €42k▼ -1.3% vs 2021lowest in 5 years
2023: €53k▲ +25.9% vs 2022highest in 5 years
2024: €52k▼ -0.4% vs 2023
2025: €43k▼ -17.3% vs 2024
Net result€33k-€33k▼ 0.5%€41k▲ 22.7%€38k▼ 5.7%€32k▼ 15.6%
2021: €33k
2022: €33k▼ -0.5% vs 2021
2023: €41k▲ +22.7% vs 2022highest in 5 years
2024: €38k▼ -5.7% vs 2023
2025: €32k▼ -15.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€82k ▼ 17.5%
Current assets
€230k ▼ 2.1%
Equity and liabilities €312k
Equity
€242k ▼ 0.8%
Debt
€71k ▼ 22.4%
Debt's share of the balance-sheet total falls from 27.3% to 22.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€61k=
2024 · €61k
Cash flow
€50k▲
2024 · €47k
Current ratio
8.98▲
2024 · 6.91
Debt to equity
0.29▼
2024 · 0.38
ROE
13.5%▼
2024 · 15.8%
ROA
10.4%▼
2024 · 11.5%
Interest coverage
28.04▼
2024 · 71.21
Debt ≤ 1 year
€26k▼
2024 · €34k
Debt > 1 year
€45k▼
2024 · €57k
Income taxes
€15k▼
2024 · €18k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€335k€312k▼
Fixed assets21/28€100k€82k▼
Tangible fixed assets22/27€100k€82k▼
Plant, machinery and equipment23€310-
Furniture and vehicles24€54k€42k▼
Other tangible fixed assets26€46k€40k▼
Current assets29/58€235k€230k▼
Amounts receivable within one year40/41€109k€86k▼
Trade receivables40€15k€15k▲
Other amounts receivable41€95k€70k▼
Current investments50/53€61k€61k▲
Cash at bank and in hand54/58€63k€81k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€335k€312k▼
Equity10/15€243k€242k▼
Contributions10/11€7k€7k=
Reserves13€210k€208k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€208k€206k▼
Profit (loss) carried forward14€27k€27k=
Amounts payable17/49€91k€71k▼
Amounts payable after more than one year17€57k€45k▼
Financial debts170/4€57k€45k▼
Amounts payable within one year42/48€34k€26k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€243€222▼
Suppliers440/4€243€222▼
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€22k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€62k€62k=
Operating profit (loss)9901€52k€43k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€854€2k▲
Recurring financial charges65€854€2k▲
Profit (loss) for the period before taxes9903€57k€47k▼
Income taxes67/77€18k€15k▼
Profit (loss) for the period9904€38k€32k▼
Profit (loss) for the period to be appropriated9905€38k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€59k▼
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer from equity791/2-€34k
Transfer to equity691/2€38k€32k▼
To other reserves6921€38k€32k▼
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €1k | €2k | €8k | €17k | ▲ 109% |
| Other operating charges640/8 | - | €551 | €731 | €1k | €1k | ▼ 2.2% |
| Gross operating margin9900 | €49k | €43k | €55k | €62k | €62k | = |
| Operating profit (loss)9901 | €42k | €42k | €53k | €52k | €43k | ▼ 17.3% |
| Financial income75/76B | - | €6k | €6k | €5k | €6k | ▲ 16.0% |
| Recurring financial income75 | €7k | €6k | €6k | €5k | €6k | ▲ 16.0% |
| Financial charges65/66B | - | €332 | €350 | €854 | €2k | ▲ 154% |
| Recurring financial charges65 | €578 | €332 | €350 | €854 | €2k | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €49k | €47k | €58k | €57k | €47k | ▼ 16.9% |
| Income taxes67/77 | €15k | €14k | €18k | €18k | €15k | ▼ 19.8% |
| Profit (loss) for the period9904 | €33k | €33k | €41k | €38k | €32k | ▼ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €33k | €33k | €41k | €38k | €32k | ▼ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201k | €259k | €245k | €335k | €312k | ▼ 6.7% |
| Fixed assets21/28 | €14k | €26k | €46k | €100k | €82k | ▼ 17.5% |
| Tangible fixed assets22/27 | €14k | €26k | €46k | €100k | €82k | ▼ 17.5% |
| Plant, machinery and equipment23 | - | €1k | €681 | €310 | - | - |
| Furniture and vehicles24 | - | - | - | €54k | €42k | ▼ 21.1% |
| Other tangible fixed assets26 | - | €25k | €46k | €46k | €40k | ▼ 12.8% |
| Current assets29/58 | €187k | €233k | €199k | €235k | €230k | ▼ 2.1% |
| Amounts receivable within one year40/41 | €92k | €102k | €100k | €109k | €86k | ▼ 21.5% |
| Trade receivables40 | - | €15k | €16k | €15k | €15k | ▲ 5.9% |
| Other amounts receivable41 | - | €87k | €84k | €95k | €70k | ▼ 25.7% |
| Current investments50/53 | €43k | €55k | €60k | €61k | €61k | ▲ 0.4% |
| Cash at bank and in hand54/58 | €51k | €74k | €37k | €63k | €81k | ▲ 29.0% |
| Deferred charges and accrued income490/1 | - | €2k | €965 | €3k | €3k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201k | €259k | €245k | €335k | €312k | ▼ 6.7% |
| Equity10/15 | €191k | €224k | €205k | €243k | €242k | ▼ 0.8% |
| Contributions10/11 | - | €7k | €7k | €7k | €7k | = |
| Reserves13 | €158k | €191k | €172k | €210k | €208k | ▼ 0.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €189k | €170k | €208k | €206k | ▼ 0.9% |
| Profit (loss) carried forward14 | €27k | €27k | €27k | €27k | €27k | = |
| Amounts payable17/49 | €11k | €35k | €40k | €91k | €71k | ▼ 22.4% |
| Amounts payable after more than one year17 | - | €23k | €20k | €57k | €45k | ▼ 21.1% |
| Financial debts170/4 | - | €23k | €20k | €57k | €45k | ▼ 21.1% |
| Amounts payable within one year42/48 | €11k | €12k | €20k | €34k | €26k | ▼ 24.7% |
| Current portion of amounts payable after more than one year42 | - | - | €2k | €12k | €12k | ▲ 3.6% |
| Trade debts44 | €1k | €103 | €283 | €243 | €222 | ▼ 8.6% |
| Suppliers440/4 | - | €103 | €283 | €243 | €222 | ▼ 8.6% |
| Taxes, remuneration and social security45 | - | €12k | €16k | €22k | €13k | ▼ 39.7% |
| Taxes450/3 | - | €12k | €16k | €22k | €13k | ▼ 39.7% |
| Other amounts payable47/48 | - | - | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €33k | €41k | €38k | €32k | ▼ 15.6% |
| + Depreciation and write-downs630 | €6k | €1k | €2k | €8k | €17k | ▲ 109% |
| Operating cash flow (approximation) | €40k | €34k | €43k | €47k | €50k | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | €-13k | €-22k | €-61k | €0 | ▲ 100% |
| Change in cash | - | €23k | €-37k | €25k | €18k | ▼ 28.5% |
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
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €41k ▲22.7%
Operating result €53k, net result €41k, both a record.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €200kEq €224k ▲17.4%
4 profitable years in a row build equity to €224k.
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €28k ▼18.4%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 12.94
Current ratio from 6.05 to 12.94; short-term debt falls from €24k to €12k.
30-06
Financial
Equity above €150kEq €157k ▲21.6%
2 profitable years in a row build equity to €157k.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ranst · 1 establishment unit since 2006
Ground area
418 m²
Building footprint
120 m²
Volume, LiDAR
686 m³
Parcel 11010C0161/00L007, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GQS
since 20062.151.298.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010C0161/00L007 | Flanders | 418 m² | 1 · 120 m² | 10.1 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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ARTEMESIA
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BE 0818.158.178
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,290 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)
Founded10-01-2006
Fiscal year end30-06
Activities, NACEBEL 2025
62900Other information technology and computer services
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.