LOQUAL
ActiveSummary
The computed 12-month bankruptcy probability of LOQUAL is 8.0% (elevated). The annual accounts of LOQUAL for fiscal year 2025 show a net loss of 293% of the equity at the start of that year. The 2025 annual accounts show equity of €210,407 and a net result of -€60,131. Its solvency ranks better than 66% of 10485 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-80
Solvency78▲+44
Growth52
Track record94
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.36 against 0.7 in 2024; short-term debt: 44.2% and cash: 39.2% of total assets), and 46.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-02-2026, 64 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
64 d early
2024
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 80 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€210,407▲ 924%
2024 · €20,538
Total assets
€396,459▲ 82.0%
2024 · €217,786
Net result
-€60,131
2024 · €20,438
Working capital
€62,877
2024 · -€59,653
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20242025
Operating result€28,216--€54,423
Net result€20,438within the sector's middle half--€60,131below the sector's middle half
Equity€20,538within the sector's middle half-€210,407within the sector's middle half▲ 924%
Total assets€217,786within the sector's middle half-€396,459within the sector's middle half▲ 82.0%
Debt€197,249-€186,052▼ 5.7%
Working capital-€59,653-€62,877
Solvency9.4%within the sector's middle half-53.1%within the sector's middle half▲ 43.6pp
Staff (FTE)2.3-1.1below the sector's middle half▼ 52.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €54,423 after €28,216 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €386,459
Fixed assets
€148,243 ▲ 84.9%
Current assets
€238,217 ▲ 73.1%
Equity and liabilities €396,459
Equity
€210,407 ▲ 924%
Debt
€186,052 ▼ 5.7%
Debt's share of the balance-sheet total falls from 90.6% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€24,186▼
2024 · €36,465
Cash flow
-€29,894▼
2024 · €28,687
Current ratio
1.36▲
2024 · 0.70
Quick ratio
1.03▲
2024 · 0.42
Debt to equity
0.88▼
2024 · 9.60
ROE
-28.6%▼
2024 · 99.5%
ROA
-15.2%▼
2024 · 9.4%
Interest coverage
-6.55▼
2024 · 17.56
Debt ≤ 1 year
€175,340▼
2024 · €197,249
Debt > 1 year
€10,712
Income taxes
-€1,524▼
2024 · €5,732
Staff costs
€46,399▲
2024 · €27,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 8.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,225 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €27,135 | €46,399 | ▲ 71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,249 | €30,236 | ▲ 267% |
| Other operating charges640/8 | €12,790 | €22,001 | ▲ 72.0% |
| Non-recurring operating charges66A | €785 | - | - |
| Gross operating margin9900 | €77,175 | €44,214 | ▼ 42.7% |
| Operating profit (loss)9901 | €28,216 | -€54,423 | ▼ 293% |
| Financial income75/76B | €30 | €229 | ▲ 660% |
| Recurring financial income75 | €30 | €16 | ▼ 46.8% |
| Non-recurring financial income76B | - | €213 | - |
| Financial charges65/66B | €2,077 | €7,461 | ▲ 259% |
| Recurring financial charges65 | €2,077 | €3,695 | ▲ 77.9% |
| Non-recurring financial charges66B | - | €3,766 | - |
| Profit (loss) for the period before taxes9903 | €26,170 | -€61,654 | ▼ 336% |
| Income taxes67/77 | €5,732 | -€1,524 | ▼ 127% |
| Profit (loss) for the period9904 | €20,438 | -€60,131 | ▼ 394% |
| Profit (loss) for the period to be appropriated9905 | €20,438 | -€60,131 | ▼ 394% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €217,786 | €396,459 | ▲ 82.0% |
| Formation expenses20 | - | €10,000 | - |
| Fixed assets21/28 | €80,190 | €148,243 | ▲ 84.9% |
| Tangible fixed assets22/27 | €69,584 | €107,167 | ▲ 54.0% |
| Plant, machinery and equipment23 | €8,687 | €8,211 | ▼ 5.5% |
| Furniture and vehicles24 | €46,708 | €63,668 | ▲ 36.3% |
| Other tangible fixed assets26 | €14,189 | €35,288 | ▲ 149% |
| Financial fixed assets28 | €10,606 | €41,076 | ▲ 287% |
| Current assets29/58 | €137,596 | €238,217 | ▲ 73.1% |
| Stocks and contracts in progress3 | €55,002 | €57,413 | ▲ 4.4% |
| Stocks30/36 | €55,002 | €57,413 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €7,513 | €2,040 | ▼ 72.8% |
| Trade receivables40 | €7,513 | €2,040 | ▼ 72.8% |
| Other amounts receivable41 | €0 | - | - |
| Cash at bank and in hand54/58 | €41,850 | €155,563 | ▲ 272% |
| Deferred charges and accrued income490/1 | €33,231 | €23,200 | ▼ 30.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €217,786 | €396,459 | ▲ 82.0% |
| Equity10/15 | €20,538 | €210,407 | ▲ 924% |
| Contributions10/11 | €100 | €250,100 | ▲ 250,000% |
| Profit (loss) carried forward14 | €20,438 | -€39,693 | ▼ 294% |
| Amounts payable17/49 | €197,249 | €186,052 | ▼ 5.7% |
| Amounts payable after more than one year17 | - | €10,712 | - |
| Financial debts170/4 | - | €10,712 | - |
| Amounts payable within one year42/48 | €197,249 | €175,340 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €9,498 | - |
| Trade debts44 | €167,156 | €135,161 | ▼ 19.1% |
| Suppliers440/4 | €167,156 | €135,161 | ▼ 19.1% |
| Taxes, remuneration and social security45 | €17,510 | €25,459 | ▲ 45.4% |
| Taxes450/3 | €15,946 | €21,823 | ▲ 36.9% |
| Remuneration and social security454/9 | €1,564 | €3,637 | ▲ 133% |
| Other amounts payable47/48 | €12,582 | €5,221 | ▼ 58.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,438 | -€60,131 | ▼ 394% |
| + Depreciation and write-downs630 | €8,249 | €30,236 | ▲ 267% |
| Operating cash flow (approximation) | €28,687 | -€29,894 | ▼ 204% |
| Investment in fixed assets (approximation) | - | -€98,289 | - |
| Change in cash | - | €113,713 | - |
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
27-08
State Gazette act
BoekjaarPower of attorney4 facts ▸
State Gazette act
Boekjaar
Power of attorney4 facts ▸
- General meeting, 31-07-2026
- Other statement, verlenging huidig boekjaar, 31-12-2026
- Other statement, opmaken, ondertekenen en neerleggen in vennootschapsdossier, opdracht coördinatie statuten
- Power of attorney
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €200,000Eq €210,407 ▲924%
Equity rises from €20,538 to €210,407.
25-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Niklaas · 11 establishment units since 2023
Ground area
22.6 ha
Building footprint
11.8 ha
Volume, LiDAR
1,179,647 m³
12 parcels, Flanders · tallest building 59.5 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
11 establishment units
LOQUAL Waasland
since 20232.344.771.496
LOQUAL Leuven
since 20232.351.395.113
LOQUAL Hasselt
since 20242.357.257.277
LOQUAL Gent
since 20242.361.994.243
LOQUAL Wijnegem
since 20242.361.994.441
LOQUAL Brugge
since 20252.371.322.871
Show 5 more locations
LOQUAL Antwerpen
since 20252.373.047.293
LOQUAL OOSTENDE
since 20252.383.071.749
LOQUAL KORTRIJK
since 20252.383.071.155
LOQUAL Aalst
since 20262.387.388.051
LOQUAL MEIR
since 20262.389.263.913
12 parcels
Flanders
12
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 71327G0695/00B002 | Flanders | 3.4 ha | 1 · 3,213 m² | 16.4 m |
| 34353H1142/00X000 | Flanders | 1.4 ha | 1 · 1.1 ha | 28.9 m · 6 fl. |
| 11804D1572/00R000 | Flanders | 5,225 m² | 1 · 322 m² | 20.8 m · 5 fl. |
| 35013A0847/00D000 | Flanders | 3,808 m² | 1 · 3,770 m² | 59.5 m · 6 fl. |
| 46002B0119/00A000 | Flanders | 3,420 m² | 1 · 134 m² | 9.0 m · 2 fl. |
| 11803C1300/00A000 | Flanders | 161 m² | 1 · 117 m² | - |
| 44802B1792/00A000 | Flanders | 121 m² | 1 · 121 m² | 17.2 m · 4 fl. |
| 31804D1433/00C000 | Flanders | 118 m² | 1 · 122 m² | 16.9 m · 4 fl. |
| 24502B0230/00S000 | Flanders | 112 m² | 1 · 92 m² | 16.5 m · 5 fl. |
| 41002A0273/00B000 | Flanders | 111 m² | 1 · 87 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
12 of 12 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Articles of association
Financial year
From 1 January to 31 December
Recognitions · licences · registrations
Food safety, FASFC
10 sitesAalst2.387.388.051
Antwerpen2.373.047.293
Antwerpen2.389.263.913
Brugge2.371.322.871
Show 6 more sites
Gent2.361.994.243
Hasselt2.357.257.277
Kortrijk2.383.071.155
Leuven2.351.395.113
Sint-Niklaas2.344.771.496
Wijnegem2.361.994.441
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Of 1,290 companies in sector 47690 we hold annual accounts for 425. 303 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
Founded24-04-2023
Fiscal year end30-09
Activities, NACEBEL 2025
47559Retail sale of other household articles
47690Retail sale of other cultural and recreation goods
43320Joinery installation
71113Urban planning and landscape architecture
Contact
E-mail
info@meller.be
E-mail
janvanmele@loqual.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0801108449
Also
9925:BE0801108449
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.