Proxy Quetin

Active

Private limited companyfounded 200916 yrs activeLaaglandstraat 12, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0821.267.128

Proxy Quetin has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▲+66

Solvency51▲+18

Growth66▲+16

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity tight (current ratio 1.43 against 1.01 in 2024; short-term debt: 70% and cash: 16.8% of total assets), and 73.9% 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

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

−lowers risk+raises risk○neutral

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

Sector 47

higher

← 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: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

26.1%

Return on assets

12.7%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

28 d late

2024

18 d late

2023

41 d early

2022

59 d late

2021

38 d late

2020

44 d late

2019

60 d late

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Turnover

€2.69M▼ 7.9%

2020 · €2.92M

2018: €2.44M 2019: €2.35M 2020: €2.92M

2018 → 2021

EBIT margin

0.8%▼ 1.9pp

2020 · 2.7%

2018: -0.3% 2019: -0.7% 2020: 2.7%

2018 → 2021

Net result

€33k

2024 · €-52k

2018: €-29k 2019: €-36k 2020: €62k 2021: €9k 2022: €-63k 2023: €85k 2024: €-52k

2018 → 2025

Working capital

€77k▲ 1,965%

2024 · €4k

2018: €44k 2019: €11k 2020: €100k 2021: €98k 2022: €21k 2023: €87k 2024: €4k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€2.69M-

Equity€64k-€947▼ 98.5%€86k▲ 9,011%€35k▼ 59.8%€67k▲ 94.2%

Operating result€22k-€-52k€96k€-42k€40k

Net result€9k-€-63k€85k€-52k€33k

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 returns to profit in 2025: €40k after a loss of €42k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €258k

100.0%

Fixed assets €92▼ 99.7%

Current assets €258k▼ 33.4%

Equity and liabilities €258k

26.1%

73.9%

Equity €67k▲ 94.2%

Debt €191k▼ 50.3%

The debt ratio falls from 91.7% to 73.9%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

26.1%▲

2024 · 8.3%

Current ratio

1.43▲

2024 · 1.01

Quick ratio

1.43▲

2024 · 0.61

Debt / equity

2.83▼

2024 · 11.04

ROE

48.5%▲

2024 · -148.5%

ROA

12.7%▲

2024 · -12.3%

Debt

€191k▼

2024 · €383k

Debt ≤ 1 year

€181k▼

2024 · €383k

Income taxes

€175▼

2024 · €478

Staff costs

€152k▼

2024 · €175k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€418k€258k▼

Fixed assets21/28€31k€92▼

Tangible fixed assets22/27€31k€92▼

Plant, machinery and equipment23€30k-

Furniture and vehicles24€1k€92▼

Current assets29/58€387k€258k▼

Stocks and contracts in progress3€152k-

Stocks30/36€152k-

Amounts receivable within one year40/41€87k€213k▲

Trade receivables40€2k€133k▲

Other amounts receivable41€85k€79k▼

Cash at bank and in hand54/58€143k€43k▼

Deferred charges and accrued income490/1€6k€2k▼

Equity and liabilities

Total equity and liabilities10/49€418k€258k▼

Equity10/15€35k€67k▲

Contributions10/11€100k€100k=

Reserves13€137k€137k=

Non-distributable reserves130/1€10k€10k=

Reserves not available under the articles1311€10k€10k=

Distributable reserves133€127k€127k=

Profit (loss) carried forward14€-202k€-170k▲

Amounts payable17/49€383k€191k▼

Amounts payable within one year42/48€383k€181k▼

Current portion of amounts payable after more than one year42€8k-

Trade debts44€342k€164k▼

Suppliers440/4€342k€164k▼

Taxes, remuneration and social security45€34k€3k▼

Taxes450/3€478€634▲

Remuneration and social security454/9€33k€2k▼

Other amounts payable47/48-€13k

Accrued charges and deferred income492/3-€10k

Income statement Code20242025

Non-recurring operating income76A€2k€103k▲

Remuneration, social security and pensions62€175k€152k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k-

Other operating charges640/8€1k€3k▲

Gross operating margin9900€140k€194k▲

Operating profit (loss)9901€-42k€40k▲

Financial income75/76B-€62

Recurring financial income75-€62

Financial charges65/66B€9k€7k▼

Recurring financial charges65€9k€7k▼

Profit (loss) for the period before taxes9903€-51k€33k▲

Income taxes67/77€478€175▼

Profit (loss) for the period9904€-52k€33k▲

Profit (loss) for the period to be appropriated9905€-52k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-202k€-170k▲

Profit (loss) brought forward from the previous period14P€-151k€-202k▼

The notes to these accounts (5 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 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Back to profitnet €33k

Net result €33k after one loss-making year.

18-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 18 days late

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €85k

Net result €85k after one loss-making year.

28-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 59 days late

2022

31-12

Financial Weakest financial yearnet €-63k ▼787%

Net result drops to €-63k, the lowest in the series; recovery starts the following year.

07-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 38 days late

2021

13-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 44 days late

2020

31-12

Financial Back to profitnet €62k

Net result €62k after 2 loss-making years.

29-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 60 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 29 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 59 days late

2017

21-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 21 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2013

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2013 Resigned as Manager

Location & real-estate footprint

Registered office, Heusden-Zolder · 1 establishment unit since 2010

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Laaglandstraat 123550 Heusden-Zolder

Ground area

4,372 m²

Building footprint

889 m²

Volume, LiDAR