IFUCARE
ActiveSummary
IFUCARE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.11M and a net result of €1.80M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency96▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 14.1 against 2.67 in 2024; short-term debt: 6.9% and cash: 3.1% of total assets), and 29.2% of the assets are financed with debt.
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 · 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
70.8%
Return on assets
41%
Age of the figures
9 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €3.11M
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
15 d early
2023
2 d early
2022
on the day
2021
83 d early
2020
3 d early
2019
14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.11M▲ 138%
2024 · €1.31M
2019: €616k
2020: €778k▲ +26.2% vs 2019
2021: €1.37M▲ +76.1% vs 2020
2022: €109k▼ -92.0% vs 2021lowest in 7 years
2023: €567k▲ +418% vs 2022
2024: €1.31M▲ +131% vs 2023
2025: €3.11M▲ +138% vs 2024highest in 7 years
2019 → 2025
Total assets
€4.39M▲ 25.5%
2024 · €3.50M
2019: €1.03Mlowest in 7 years
2020: €1.74M▲ +69.2% vs 2019
2021: €3.10M▲ +77.5% vs 2020
2022: €3.37M▲ +8.9% vs 2021
2023: €4.83M▲ +43.4% vs 2022highest in 7 years
2024: €3.50M▼ -27.6% vs 2023
2025: €4.39M▲ +25.5% vs 2024
2019 → 2025
Net result
€1.80M▲ 63.2%
2024 · €1.10M
2019: €242k
2020: €462k▲ +91.1% vs 2019
2021: €1.29M▲ +180% vs 2020
2022: €39k▼ -97.0% vs 2021lowest in 7 years
2023: €457k▲ +1076% vs 2022
2024: €1.10M▲ +141% vs 2023
2025: €1.80M▲ +63.2% vs 2024highest in 7 years
2019 → 2025
Working capital
€3.98M▲ 96.2%
2024 · €2.03M
2019: €581k
2020: €524k▼ -9.8% vs 2019lowest in 7 years
2021: €854k▲ +63.1% vs 2020
2022: €1.67M▲ +95.2% vs 2021
2023: €2.99M▲ +79.0% vs 2022
2024: €2.03M▼ -32.0% vs 2023
2025: €3.98M▲ +96.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.37M-€109k▼ 92.0%€567k▲ 418%€1.31M▲ 131%€3.11M▲ 138%
2021: €1.37M
2022: €109k▼ -92.0% vs 2021lowest in 5 years
2023: €567k▲ +418% vs 2022
2024: €1.31M▲ +131% vs 2023
2025: €3.11M▲ +138% vs 2024highest in 5 years
Operating result€1.75M-€221k▼ 87.4%€663k▲ 200%€1.11M▲ 67.5%€1.98M▲ 78.2%
2021: €1.75M
2022: €221k▼ -87.4% vs 2021lowest in 5 years
2023: €663k▲ +200% vs 2022
2024: €1.11M▲ +67.5% vs 2023
2025: €1.98M▲ +78.2% vs 2024highest in 5 years
Net result€1.29M-€39k▼ 97.0%€457k▲ 1,076%€1.10M▲ 141%€1.80M▲ 63.2%
2021: €1.29M
2022: €39k▼ -97.0% vs 2021lowest in 5 years
2023: €457k▲ +1076% vs 2022
2024: €1.10M▲ +141% vs 2023
2025: €1.80M▲ +63.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 78% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.39M
Fixed assets
€107k ▼ 57.6%
Current assets
€4.29M ▲ 32.0%
Equity and liabilities €4.39M
Equity
€3.11M ▲ 138%
Debt
€1.28M ▼ 41.4%
Debt's share of the balance-sheet total falls from 62.6% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.12M▲
2024 · €1.35M
Cash flow
€1.95M▲
2024 · €1.35M
Current ratio
14.10▲
2024 · 2.67
Debt to equity
0.41▼
2024 · 1.67
ROE
57.9%▼
2024 · 84.3%
ROA
41.0%▲
2024 · 31.6%
Interest coverage
56.81▲
2024 · 25.06
Debt ≤ 1 year
€304k▼
2024 · €1.22M
Income taxes
€200k▲
2024 · €12k
Staff costs
€429k▼
2024 · €495k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.50M€4.39M▲
Fixed assets21/28€252k€107k▼
Intangible fixed assets21€252k€107k▼
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€0-
Current assets29/58€3.25M€4.29M▲
Amounts receivable within one year40/41€3.10M€4.10M▲
Trade receivables40€1.14M€1.11M▼
Other amounts receivable41€1.96M€2.99M▲
Cash at bank and in hand54/58€80k€136k▲
Deferred charges and accrued income490/1€68k€50k▼
Equity and liabilities
Total equity and liabilities10/49€3.50M€4.39M▲
Equity10/15€1.31M€3.11M▲
Contributions10/11€7k€7k=
Reserves13€1.30M€3.10M▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€1.29M€3.09M▲
Amounts payable17/49€2.19M€1.28M▼
Amounts payable within one year42/48€1.22M€304k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€422k€240k▼
Suppliers440/4€422k€240k▼
Taxes, remuneration and social security45€59k€63k▲
Taxes450/3€14k€15k▲
Remuneration and social security454/9€45k€47k▲
Other amounts payable47/48€736k€2k▼
Accrued charges and deferred income492/3€973k€978k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€495k€429k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€245k€145k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€8k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€2k€31k▲
Gross operating margin9900€1.86M€2.59M▲
Operating profit (loss)9901€1.11M€1.98M▲
Financial income75/76B€60k€60k▲
Recurring financial income75€60k€60k▲
Non-recurring financial income76B€0-
Financial charges65/66B€54k€37k▼
Recurring financial charges65€54k€37k▼
Profit (loss) for the period before taxes9903€1.12M€2.00M▲
Income taxes67/77€12k€200k▲
Profit (loss) for the period9904€1.10M€1.80M▲
Profit (loss) for the period to be appropriated9905€1.10M€1.80M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.10M€1.80M▲
Transfer to equity691/2€1.10M€1.80M▲
To other reserves6921€1.10M€1.80M▲
Social balance
Average headcount (FTE)90874.94.7▼
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €68k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €3.56M | €2.55M | €495k | €429k | ▼ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €168k | €339k | €326k | €245k | €145k | ▼ 40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €19k | €6k | €8k | ▲ 19.1% |
| Other operating charges640/8 | - | €7k | €6k | €3k | €2k | ▼ 40.2% |
| Non-recurring operating charges66A | - | - | - | €2k | €31k | ▲ 1,395% |
| Gross operating margin9900 | €3.99M | €4.13M | €3.56M | €1.86M | €2.59M | ▲ 39.3% |
| Operating profit (loss)9901 | €1.75M | €221k | €663k | €1.11M | €1.98M | ▲ 78.2% |
| Financial income75/76B | - | €11k | €24k | €60k | €60k | ▲ 0.7% |
| Recurring financial income75 | €14k | €11k | €24k | €60k | €60k | ▲ 0.7% |
| Non-recurring financial income76B | - | - | €97 | €0 | - | - |
| Financial charges65/66B | - | €164k | €33k | €54k | €37k | ▼ 30.8% |
| Recurring financial charges65 | €31k | €164k | €33k | €54k | €37k | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | €1.74M | €68k | €654k | €1.12M | €2.00M | ▲ 79.3% |
| Income taxes67/77 | €445k | €29k | €196k | €12k | €200k | ▲ 1,605% |
| Profit (loss) for the period9904 | €1.29M | €39k | €457k | €1.10M | €1.80M | ▲ 63.2% |
| Profit (loss) for the period to be appropriated9905 | €1.29M | €39k | €457k | €1.10M | €1.80M | ▲ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.10M | €3.37M | €4.83M | €3.50M | €4.39M | ▲ 25.5% |
| Fixed assets21/28 | €812k | €820k | €504k | €252k | €107k | ▼ 57.6% |
| Intangible fixed assets21 | €748k | €750k | €497k | €252k | €107k | ▼ 57.6% |
| Tangible fixed assets22/27 | €64k | €69k | €6k | €0 | - | - |
| Plant, machinery and equipment23 | - | €10k | €0 | - | - | - |
| Furniture and vehicles24 | - | €19k | €6k | €0 | - | - |
| Other tangible fixed assets26 | - | €40k | €0 | - | - | - |
| Financial fixed assets28 | €394 | €394 | €394 | €0 | - | - |
| Current assets29/58 | €2.28M | €2.55M | €4.33M | €3.25M | €4.29M | ▲ 32.0% |
| Amounts receivable within one year40/41 | €981k | €2.17M | €3.96M | €3.10M | €4.10M | ▲ 32.3% |
| Trade receivables40 | - | €1.58M | €2.01M | €1.14M | €1.11M | ▼ 2.2% |
| Other amounts receivable41 | - | €589k | €1.96M | €1.96M | €2.99M | ▲ 52.3% |
| Cash at bank and in hand54/58 | €1.26M | €267k | €158k | €80k | €136k | ▲ 69.8% |
| Deferred charges and accrued income490/1 | - | €111k | €206k | €68k | €50k | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.10M | €3.37M | €4.83M | €3.50M | €4.39M | ▲ 25.5% |
| Equity10/15 | €1.37M | €109k | €567k | €1.31M | €3.11M | ▲ 138% |
| Contributions10/11 | - | €19k | €19k | €7k | €7k | = |
| Reserves13 | €1.35M | €91k | €548k | €1.30M | €3.10M | ▲ 138% |
| Tax-exempt reserves132 | - | €37k | €37k | €13k | €13k | = |
| Distributable reserves133 | - | €54k | €511k | €1.29M | €3.09M | ▲ 140% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €1.73M | €3.26M | €4.27M | €2.19M | €1.28M | ▼ 41.4% |
| Amounts payable within one year42/48 | €1.43M | €882k | €1.34M | €1.22M | €304k | ▼ 75.0% |
| Financial debts43 | - | €140k | €58k | €0 | - | - |
| Credit institutions430/8 | - | €140k | €58k | €0 | - | - |
| Trade debts44 | €363k | €435k | €698k | €422k | €240k | ▼ 43.3% |
| Suppliers440/4 | - | €435k | €698k | €422k | €240k | ▼ 43.3% |
| Taxes, remuneration and social security45 | - | €302k | €588k | €59k | €63k | ▲ 6.0% |
| Taxes450/3 | - | €3k | €281k | €14k | €15k | ▲ 8.1% |
| Remuneration and social security454/9 | - | €298k | €308k | €45k | €47k | ▲ 5.3% |
| Other amounts payable47/48 | - | €6k | €104 | €736k | €2k | ▼ 99.8% |
| Accrued charges and deferred income492/3 | - | €2.38M | €2.92M | €973k | €978k | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.29M | €39k | €457k | €1.10M | €1.80M | ▲ 63.2% |
| + Depreciation and write-downs630 | €168k | €339k | €326k | €245k | €145k | ▼ 40.6% |
| Operating cash flow (approximation) | €1.46M | €378k | €783k | €1.35M | €1.95M | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | €-347k | €-10k | €7k | €0 | ▼ 100% |
| Change in cash | - | €-992k | €-109k | €-78k | €56k | ▲ 172% |
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
2026
02-09
State Gazette act
Resignation: Quality for You (director)Appointment: QdB Growth (gewone bestuurder) · Permanent representative: VAN ACKER Bart · Name change11 facts ▸
State Gazette act
Resignation: Quality for You (director)
Appointment: QdB Growth (gewone bestuurder) · Permanent representative: VAN ACKER Bart · Name change11 facts ▸
- General meeting, buitengewone algemene vergadering, besloten vennootschap QARAD, gevestigd te 2440 Geel, Cipalstraat 3, ingeschreven in het rechtspersonenregister te Antwerpen (…
- Name change, IFUCARE
- Registered-office move, 2610 Antwerpen (district Wilrijk), Groenenborgerlaan 16
- Director resignation, Quality for You (director)
- Director discharge, Quality for You
- Director appointment, QdB Growth (gewone bestuurder)
- Permanent representative, VAN ACKER Bart (permanent representative)
- Declaration, verklaart haar benoeming te aanvaarden
- Declaration, de bestuurders en zijn vaste vertegenwoordiger niet onderworpen zijn aan een bestuursverbod
- Declaration, de enige aandeelhouder heeft in de akte de verklaring overeenkomstig artikel 2:8 § 4 van het Wetboek van vennootschappen en verenigingen afgelegd
- Power of attorney
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €1.80M ▲63.2%
Operating result €1.98M, net result €1.80M, both a record.
31-12
Financial
Liquidity times 5current ratio 14.10
Current ratio from 2.67 to 14.10; short-term debt falls from €1.22M to €304k.
31-12
Financial
Equity above €2MEq €3.11M ▲138%
7 profitable years in a row build equity to €3.11M.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.31M ▲131%
6 profitable years in a row build equity to €1.31M.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €567k ▲418%
5 profitable years in a row build equity to €567k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €39k ▼97%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
30-06
Financial
Equity above €1MEq €1.37M ▲76.1%
3 profitable years in a row build equity to €1.37M.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
QbD Growth
CurrentGewone bestuurder · since 18-08-2026 · Private limited company · perm. rep.: VAN ACKER Bart
18-08-2026
QbD Growth: Appointed as Gewone bestuurder
18-08-2026
Quality for You: Resigned as Director
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2000
Ground area
2.2 ha
Building footprint
4,119 m²
Volume, LiDAR
46,023 m³
3 parcels, Flanders · tallest building 20.9 m, ±5 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
2 establishment units
Qarad
since 20002.115.865.354
Qarad
since 20182.279.400.723
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0061/00M004 | Flanders | 1.2 ha | 1 · 2,078 m² | 20.9 m · 5 fl. |
| 13373K0054/00R000 | Flanders | 9,123 m² | 1 · 1,785 m² | 14.2 m · 4 fl. |
| 13373L0834/00P002 | Flanders | 1,090 m² | 1 · 256 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 1,230 EUR awarded · 1,230 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 1,230 EUR | 1,230 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600QVWERUDHX7WL09
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 15,483 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
Founded25-05-2000
Fiscal year end31-12
Legal name NL
QARAD
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.