KWADRANT

Active

Private limited companyfounded 199630 yrs activeMellestraat(Heu) 260, 8501 Kortrijk, BelgiumKBO/BCE: BE 0457.629.370

KWADRANT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 140 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

76 / 100

Excellent▲ +55 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency34▼-3

Growth32=

Stability100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.26 against 0.66 in 2023), and 78.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 26

Relative position

BE, all sectors

reference

Sector 26

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

21.2%

Return on assets

21.5%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

16 d early

2023

8 d early

2022

42 d early

2021

30 d late

2020

2 d early

2019

3 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€23k

2023 · €-284

2018: €64k 2019: €22k 2020: €-4k 2021: €-15k 2022: €-14k 2023: €-284

2018 → 2024

Total assets

€110k▲ 14.8%

2023 · €96k

2018: €265k 2019: €183k 2020: €125k 2021: €97k 2022: €92k 2023: €96k

2018 → 2024

Net result

€24k▲ 77.1%

2023 · €13k

2018: €44k 2019: €-42k 2020: €-26k 2021: €-11k 2022: €980 2023: €13k

2018 → 2024

Working capital

€12k

2023 · €-15k

2018: €51k 2019: €-7k 2020: €-22k 2021: €-30k 2022: €-27k 2023: €-15k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-4k-€-15k▼ 280%€-14k▲ 6.7%€-284▲ 97.9%€23k

Operating result€-22k-€-8k▲ 63.5%€-2k▲ 80.2%€16k€27k▲ 65.4%

Net result€-26k-€-11k▲ 58.6%€980€13k▲ 1,261%€24k▲ 77.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 65% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €110k

47.9%

52.1%

Fixed assets €53k▼ 20.6%

Current assets €57k▲ 94.5%

Equity and liabilities €110k

21.2%

78.8%

Equity €23k

Debt €87k

Debt finances 78.8% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€41k▲

2023 · €29k

Cash flow

€37k▲

2023 · €26k

Solvency

21.2%▲

2023 · -0.3%

Current ratio

1.26▲

2023 · 0.66

Quick ratio

1.26▲

2023 · 0.66

Debt / equity

3.72▲

2023 · -338.99

ROE

101.2%▲

2023 · -4700.6%

ROA

21.5%▲

2023 · 13.9%

Interest coverage

12.57▲

2023 · 10.38

Debt

€87k▼

2023 · €96k

Debt ≤ 1 year

€46k▲

2023 · €45k

Debt > 1 year

€41k▼

2023 · €52k

Income taxes

€285▲

2023 · €274

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€96k€110k▲

Fixed assets21/28€66k€53k▼

Tangible fixed assets22/27€66k€53k▼

Land and buildings22€58k€47k▼

Plant, machinery and equipment23€8k€6k▼

Financial fixed assets28€50€50=

Current assets29/58€29k€57k▲

Amounts receivable within one year40/41€12k€13k▲

Trade receivables40€12k€13k▲

Cash at bank and in hand54/58€16k€43k▲

Deferred charges and accrued income490/1€2k€636▼

Equity and liabilities

Total equity and liabilities10/49€96k€110k▲

Equity10/15€-284€23k▲

Contributions10/11€19k€19k=

Reserves13€45k€45k=

Distributable reserves133€45k€45k=

Profit (loss) carried forward14€-64k€-41k▲

Amounts payable17/49€96k€87k▼

Amounts payable after more than one year17€52k€41k▼

Financial debts170/4€52k€41k▼

Amounts payable within one year42/48€45k€46k▲

Current portion of amounts payable after more than one year42€10k€10k=

Trade debts44€2k€2k▼

Suppliers440/4€2k€2k▼

Taxes, remuneration and social security45€5k€5k▼

Taxes450/3€5k€5k▼

Other amounts payable47/48€27k€29k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€31k€43k▲

Operating profit (loss)9901€16k€27k▲

Financial income75/76B€0€1▲

Recurring financial income75€0€1▲

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€14k€24k▲

Income taxes67/77€274€285▲

Profit (loss) for the period9904€13k€24k▲

Profit (loss) for the period to be appropriated9905€13k€24k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-64k€-41k▲

Profit (loss) brought forward from the previous period14P€-78k€-64k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

15-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

23-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

19-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Back to profitnet €980

Net result €980 after 3 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

28-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Weakest financial yearnet €-42k ▼196%

Net result drops to €-42k, the lowest in the series; recovery starts the following year.

25-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 28 days late

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

25-05

NBB filing Annual accounts filed

fiscal year 2015 · 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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