Losses
-€28,351 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
QUTI
Lifetime
11 annual accounts with figures on one time axispeak €84,670 (2025)
€84,670▲ 6.4%
lowest -€18,015 (2023)
-€3,881▼ €1,631
peak €42,914 (2021)
€14,564▼ 21.0%
€35,921▼ 10.1%
peak 1.3 FTE (2023)
1 FTEunchanged
Board1 name since 2021
1 directorMARION Thierry
Owners
Documentsfilings and deeds
20-08-202620 days late
2025abbreviated format
Loss of €3,881Equity from €18,445 to €14,564Investments €19,246Cash from €24,931 to €6,305
Key points
from the 2025 annual accountsTurnover
≈ €240,000 estimated
The accounts state no turnover.
Debts
€35,921 71% of the balance sheet
Financial debts 30%Suppliers 1%Taxes and wages 56%Other 12%
Of this, €25,080 falls due within a year.
Investments
€21,635 3.7 × depreciation
Green is investment, beige is depreciation.
Filings
11 annual accounts since 2015
Seven of the last ten came late. The 2019 accounts came latest: 52 days after the end of the period.
Position in the sector
€14,564
Less equity than 80% of companies in printing. Sector median €155,299 · 359 companies.
Checked score
68
Healthy
Financially stronger than 27% of micro companies in printing (NACE 18)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.2%▼ -0.1 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.2%▼ -0.1 percentage points vs 05-2025
07-2025: 1.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -1.3 percentage points 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 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €3,881, the second in a row (financial year 2025)
Size: 1 FTE, total assets €50,485
lowers risk
Founded in 2014
Liquidity: current ratio 1.15, cash €6,305, halved
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 18, micro). It does better than 33% of them on solvency, 29% on liquidity, 29% on profitability and 19% 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, 2,166 companies had the same profile as QUTI has now. Each dot stands for 6 companies, two years later.
94.2%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of QUTI itself: 0.7% within 12 months.
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 2,166 companies, not a prediction for QUTI. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.26 in 2024), below the usual 1.5. Short-term debt is 49.7% and cash 12.5% of total assets. 71.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€3,881
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
20 days late
2024
26 days late
2023
21 days late
2022
23 days late
2021
4 days early
2020
31 days late
2019
52 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 24 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 22 August (5 of the last 5 accounts filed within 30 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
Board and ownership
- Graphic Arts Management SRL consolidatesscore 86equity €206,339 (2025) · annual accounts 2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0556785740
Company renamed from INGENIUS PRINT to QUTI
Gazette deed
Company renamed from INGENUS GROUP to INGENIUS PRINT
Resignation: MARION Thierry (manager) · Reappointment: MARION Thierry (director) · Permanent representative: MARION Thierry · General meeting of 05-01-2021 · Gazette deed
Registered office moved from Waterloo to Wauthier-Braine
New registered office: Place de Noucelles, 8-1440 Wauthier-Braine · Previous registered office: Avenue des Pâquerettes, 55 Bte 45- 1410 Waterloo · General meeting of 26-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| QUTI Braine-le-Château | €50,485 | €84,670 | 28.8% | 1 |
| HUIS AAN HUIS Brasschaat | €118,358 | €129,063 | 18.1% | 1.8 |
| META4.BE Ixelles | €123,736 | €145,369 | 5.9% | 2.6 |
| MONS LETTRAGE Mons | €48,684 | €94,681 | 7.2% | - |
| PB PRINTING Mouscron | €44,598 | €57,799 | 24.8% | - |
| NUMERIS®ART Ixelles | €82,441 | €43,670 | 8.4% | - |
| Leasyprint Belgium Ghent | €95,730 | €53,560 | -64.1% | - |
These companies have the same main activity as QUTI: other printing (NACE 18120). They are comparable in size and age: total assets between €44,600 and €124,000, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 10-07-2014Normal situation
- Activity
- Other printingNACE 18120and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.238.579.9551440 Braine-le-Château, since 22-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 26-02-2025
Insights on QUTI
QUTI files the abbreviated format. That format states no turnover. The gross margin rose from €38,848 in 2015 to €84,670 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about QUTI
- What is the company number of QUTI?
- The company number of QUTI is 0556.785.740. The VAT number is the same number with BE in front: BE 0556.785.740.
- Where is QUTI based?
- The registered office is at Place de Noucelles (W-B) 8, 1440 Braine-le-Château.Company details
- What does QUTI do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of QUTI?
- QUTI is a private limited company (BV).
- When was QUTI founded?
- QUTI was founded on 10-07-2014.
- Is QUTI still active?
- Yes, QUTI is an active enterprise in the KBO register.
- How many employees does QUTI have?
- QUTI had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does QUTI fall under?
- In its 2025 annual accounts, QUTI states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of QUTI?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €84,670 and 1,300 comparable companies of the same size. It probably lies between €150,000 and €450,000. It is a rough estimate.
- Is QUTI profitable?
- In financial year 2025, QUTI made a loss of €3,881.
- Where can I find the annual accounts of QUTI?
- QUTI filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of QUTI due?
- QUTI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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