Kazqada
ActiveSummary
Kazqada has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,767 and a net result of -€835. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-79
Solvency98▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.42 against 6.96 in 2024; short-term debt: 22.3% and cash: 21.5% of total assets), and 27% of the assets are financed with debt.
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Signals
Four 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 →
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 2025Solvency, return and age of the figures
Solvency
73%
Return on assets
-1.5%
Age of the figures
18 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
31 d early
2023
12 d early
2022
21 d early
2021
30 d late
2020
73 d late
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 19 October (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€41,767▼ 2.0%
2024 · €42,602
Total assets
€57,196▲ 8.0%
2024 · €52,957
Net result
-€835
2024 · €12,827
Working capital
€43,685▼ 2.4%
2024 · €44,780
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,697-€35,118▼ 36.7%€14,270€12,938▼ 9.3%-€698
Net result-€27,087below the sector's middle half-€33,866below the sector's middle half▼ 25.0%€14,041within the sector's middle half€12,827within the sector's middle half▼ 8.6%-€835below the sector's middle half
Equity€49,601within the sector's middle half▼ 35.3%€15,735below the sector's middle half▼ 68.3%€29,775within the sector's middle half▲ 89.2%€42,602within the sector's middle half▲ 43.1%€41,767within the sector's middle half▼ 2.0%
Total assets€68,366below the sector's middle half▼ 30.5%€26,734below the sector's middle half▼ 60.9%€42,370below the sector's middle half▲ 58.5%€52,957below the sector's middle half▲ 25.0%€57,196below the sector's middle half▲ 8.0%
Debt€18,765▼ 13.3%€10,999▼ 41.4%€12,595▲ 14.5%€10,355▼ 17.8%€15,429▲ 49.0%
Working capital€48,912within the sector's middle half▼ 21.8%€15,977within the sector's middle half▼ 67.3%€31,808within the sector's middle half▲ 99.1%€44,780within the sector's middle half▲ 40.8%€43,685within the sector's middle half▼ 2.4%
Solvency72.6%within the sector's middle half▼ 5.4pp58.9%within the sector's middle half▼ 13.7pp70.3%within the sector's middle half▲ 11.4pp80.4%above the sector's middle half▲ 10.2pp73.0%within the sector's middle half▼ 7.4pp
Current ratio4.06within the sector's middle half▼ 0.092.91within the sector's middle half▼ 1.154.38within the sector's middle half▲ 1.476.96above the sector's middle half▲ 2.584.42within the sector's middle half▼ 2.53
Return on assets (ROA)-39.6%below the sector's middle half▼ 59.7pp-126.7%below the sector's middle half▼ 87.1pp33.1%above the sector's middle half▲ 159.8pp24.2%within the sector's middle half▼ 8.9pp-1.5%below the sector's middle half▼ 25.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €698 after €12,938 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,196
Fixed assets
€755 ▲ 14.1%
Current assets
€56,441 ▲ 7.9%
Equity and liabilities €57,196
Equity
€41,767 ▼ 2.0%
Debt
€15,429 ▲ 49.0%
Debt's share of the balance-sheet total rises from 19.6% to 27.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42▼
2024 · €13,877
Cash flow
-€95▼
2024 · €13,766
Debt to equity
0.37▲
2024 · 0.24
ROE
-2.0%▼
2024 · 30.1%
Interest coverage
0.41▼
2024 · 120.40
Debt ≤ 1 year
€12,756▲
2024 · €7,515
Income taxes
€138▲
2024 · €125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,289 | €2,056 | €1,253 | €939 | €740 | ▼ 21.2% |
| Other operating charges640/8 | - | €474 | €654 | €747 | €640 | ▼ 14.3% |
| Gross operating margin9900 | -€19,735 | -€32,587 | €16,176 | €14,625 | €683 | ▼ 95.3% |
| Operating profit (loss)9901 | -€25,697 | -€35,118 | €14,270 | €12,938 | -€698 | ▼ 105% |
| Financial income75/76B | - | €1,693 | - | €128 | €102 | ▼ 20.5% |
| Recurring financial income75 | - | €1,693 | - | €128 | €102 | ▼ 20.5% |
| Financial charges65/66B | - | €324 | €114 | €115 | €102 | ▼ 11.5% |
| Recurring financial charges65 | €169 | €324 | €114 | €115 | €102 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€26,978 | -€33,749 | €14,155 | €12,951 | -€698 | ▼ 105% |
| Income taxes67/77 | €109 | €118 | €115 | €125 | €138 | ▲ 10.3% |
| Profit (loss) for the period9904 | -€27,087 | -€33,866 | €14,041 | €12,827 | -€835 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€27,087 | -€33,866 | €14,041 | €12,827 | -€835 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,366 | €26,734 | €42,370 | €52,957 | €57,196 | ▲ 8.0% |
| Fixed assets21/28 | €3,456 | €2,391 | €1,138 | €662 | €755 | ▲ 14.1% |
| Tangible fixed assets22/27 | €3,456 | €2,391 | €1,138 | €662 | €755 | ▲ 14.1% |
| Plant, machinery and equipment23 | - | €1,677 | €898 | €662 | €271 | ▼ 59.1% |
| Furniture and vehicles24 | - | €714 | €240 | - | €485 | - |
| Current assets29/58 | €64,910 | €24,343 | €41,232 | €52,295 | €56,441 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €23,214 | €9,101 | €24,139 | €23,225 | €37,658 | ▲ 62.1% |
| Trade receivables40 | - | €4,906 | €13,092 | €15,207 | €30,015 | ▲ 97.4% |
| Other amounts receivable41 | - | €4,195 | €11,047 | €8,018 | €7,643 | ▼ 4.7% |
| Cash at bank and in hand54/58 | €39,521 | €12,176 | €14,481 | €23,027 | €12,308 | ▼ 46.5% |
| Deferred charges and accrued income490/1 | - | €3,067 | €2,612 | €6,043 | €6,474 | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,366 | €26,734 | €42,370 | €52,957 | €57,196 | ▲ 8.0% |
| Equity10/15 | €49,601 | €15,735 | €29,775 | €42,602 | €41,767 | ▼ 2.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €42,571 | €42,571 | €42,571 | €42,571 | €42,571 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €40,711 | €40,711 | €42,571 | €42,571 | = |
| Profit (loss) carried forward14 | -€5,370 | -€39,236 | -€25,196 | -€12,369 | -€13,204 | ▼ 6.8% |
| Amounts payable17/49 | €18,765 | €10,999 | €12,595 | €10,355 | €15,429 | ▲ 49.0% |
| Amounts payable within one year42/48 | €15,998 | €8,366 | €9,423 | €7,515 | €12,756 | ▲ 69.7% |
| Trade debts44 | €7,949 | €2,826 | €5,925 | €174 | €3,675 | ▲ 2,013% |
| Suppliers440/4 | - | €2,826 | €5,925 | €174 | €3,675 | ▲ 2,013% |
| Taxes, remuneration and social security45 | - | €3,313 | €1,661 | €3,054 | €4,800 | ▲ 57.2% |
| Taxes450/3 | - | €1,289 | €1,661 | €3,054 | €2,440 | ▼ 20.1% |
| Remuneration and social security454/9 | - | €2,024 | - | - | €2,360 | - |
| Other amounts payable47/48 | - | €2,227 | €1,838 | €4,286 | €4,281 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €2,633 | €3,171 | €2,840 | €2,673 | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,087 | -€33,866 | €14,041 | €12,827 | -€835 | ▼ 107% |
| + Depreciation and write-downs630 | €5,289 | €2,056 | €1,253 | €939 | €740 | ▼ 21.2% |
| Operating cash flow (approximation) | -€21,798 | -€31,810 | €15,293 | €13,766 | -€95 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€991 | €0 | -€463 | -€833 | ▼ 79.9% |
| Change in cash | - | -€27,345 | €2,305 | €8,546 | -€10,719 | ▼ 225% |
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
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €14,041
Net result €14,041 after 2 loss-making years.
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€33,866
Net result drops to -€33,866, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 73 days late
2020
31-03
Financial
Highest result since 2019net €19,766 ▲155%
Operating result €28,303, net result €19,766, both a record.
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
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, Kortenberg · 1 establishment unit since 2012
Ground area
264 m²
Building footprint
154 m²
Parcel 24068A0348/00V000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kazqada
since 20122.215.022.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24068A0348/00V000 | Flanders | 264 m² | 1 · 154 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 284 EUR awarded · 284 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 59 EUR | 59 EUR |
| 2022 | 1 | 225 EUR | 225 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,047 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
Founded10-12-2012
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501877208
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.