Q
ActiveSummary
Q has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,138 and a net result of -€20,326. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 42% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-67
Solvency49▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.85 in 2024; short-term debt: 38.1% and cash: 30% of total assets), and 75.6% 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 · 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
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 →
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
24.4%
Return on assets
-14.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
128 d early
2024
38 d early
2023
48 d early
2022
42 d early
2021
18 d early
2020
38 d early
2019
45 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 51 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€34,138▼ 37.3%
2024 · €54,464
Total assets
€139,779▼ 26.6%
2024 · €190,418
Net result
-€20,326
2024 · €13,570
Working capital
€12,260
2024 · -€9,872
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,358€18,749▲ 100%€2,187▼ 88.3%€25,435▲ 1,063%-€12,521
Net result-€555▲ 96.1%€9,806-€5,899€13,570-€20,326
Equity€36,988▼ 1.5%€46,793▲ 26.5%€40,895▼ 12.6%€54,464▲ 33.2%€34,138▼ 37.3%
Total assets€231,761▲ 4.5%€218,682▼ 5.6%€185,472▼ 15.2%€190,418▲ 2.7%€139,779▼ 26.6%
Debt€194,773▲ 5.7%€171,889▼ 11.7%€144,577▼ 15.9%€135,953▼ 6.0%€95,641▼ 29.7%
Working capital-€17,337-€13,144▲ 24.2%-€22,841▼ 73.8%-€9,872▲ 56.8%€12,260
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,521 after €25,435 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,779
Fixed assets
€74,213 ▼ 45.2%
Current assets
€65,567 ▲ 19.4%
Equity and liabilities €139,779
Equity
€34,138 ▼ 37.3%
Provisions
€10,000
Debt
€95,641 ▼ 29.7%
Debt's share of the balance-sheet total falls from 71.4% to 68.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,477▼
2024 · €50,770
Cash flow
-€9,283▼
2024 · €38,904
Current ratio
1.23▲
2024 · 0.85
Debt to equity
2.80▲
2024 · 2.50
ROE
-59.5%▼
2024 · 24.9%
ROA
-14.5%▼
2024 · 7.1%
Interest coverage
-0.20▼
2024 · 4.86
Debt ≤ 1 year
€53,307▼
2024 · €64,794
Debt > 1 year
€42,334▼
2024 · €71,159
Income taxes
€291▼
2024 · €1,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 1,219 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,893 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,860 | €23,503 | €25,144 | €25,334 | €11,044 | ▼ 56.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €10,000 | - |
| Other operating charges640/8 | €2,708 | €3,255 | €3,267 | €2,364 | €2,624 | ▲ 11.0% |
| Non-recurring operating charges66A | - | - | - | €12,982 | €42,819 | ▲ 230% |
| Gross operating margin9900 | €35,926 | €45,507 | €30,598 | €66,116 | €53,966 | ▼ 18.4% |
| Operating profit (loss)9901 | €9,358 | €18,749 | €2,187 | €25,435 | -€12,521 | ▼ 149% |
| Financial income75/76B | €67 | €100 | €29 | €66 | €58 | ▼ 11.7% |
| Recurring financial income75 | €67 | €100 | €29 | €66 | €58 | ▼ 11.7% |
| Financial charges65/66B | €9,861 | €8,933 | €8,009 | €10,438 | €7,573 | ▼ 27.4% |
| Recurring financial charges65 | €9,861 | €8,933 | €8,009 | €10,438 | €7,573 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | -€437 | €9,917 | -€5,794 | €15,063 | -€20,036 | ▼ 233% |
| Income taxes67/77 | €119 | €111 | €105 | €1,493 | €291 | ▼ 80.5% |
| Profit (loss) for the period9904 | -€555 | €9,806 | -€5,899 | €13,570 | -€20,326 | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | -€555 | €9,806 | -€5,899 | €13,570 | -€20,326 | ▼ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,761 | €218,682 | €185,472 | €190,418 | €139,779 | ▼ 26.6% |
| Fixed assets21/28 | €189,575 | €172,359 | €153,683 | €135,495 | €74,213 | ▼ 45.2% |
| Tangible fixed assets22/27 | €189,575 | €172,359 | €153,683 | €135,495 | €74,213 | ▼ 45.2% |
| Land and buildings22 | €170,838 | €152,910 | €135,742 | €107,993 | €74,213 | ▼ 31.3% |
| Plant, machinery and equipment23 | €10,743 | €7,725 | €5,613 | €5,508 | - | - |
| Furniture and vehicles24 | €7,994 | €11,725 | €12,328 | €21,994 | - | - |
| Current assets29/58 | €42,186 | €46,323 | €31,789 | €54,923 | €65,567 | ▲ 19.4% |
| Amounts receivable within one year40/41 | €28,508 | €18,881 | €11,835 | €19,132 | €23,365 | ▲ 22.1% |
| Trade receivables40 | €18,388 | €18,777 | €11,809 | €19,108 | €21,813 | ▲ 14.2% |
| Other amounts receivable41 | €10,119 | €104 | €26 | €24 | €1,552 | ▲ 6,442% |
| Cash at bank and in hand54/58 | €13,195 | €19,953 | €19,507 | €32,750 | €41,983 | ▲ 28.2% |
| Deferred charges and accrued income490/1 | €483 | €7,489 | €447 | €3,041 | €219 | ▼ 92.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,761 | €218,682 | €185,472 | €190,418 | €139,779 | ▼ 26.6% |
| Equity10/15 | €36,988 | €46,793 | €40,895 | €54,464 | €34,138 | ▼ 37.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,788 | €40,593 | €34,695 | €48,264 | €27,938 | ▼ 42.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | €271 | €271 | €271 | €271 | €271 | = |
| Distributable reserves133 | €28,657 | €38,463 | €34,423 | €47,993 | €27,667 | ▼ 42.4% |
| Provisions and deferred taxes16 | - | - | - | - | €10,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €10,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €10,000 | - |
| Amounts payable17/49 | €194,773 | €171,889 | €144,577 | €135,953 | €95,641 | ▼ 29.7% |
| Amounts payable after more than one year17 | €135,250 | €112,422 | €89,947 | €71,159 | €42,334 | ▼ 40.5% |
| Financial debts170/4 | €135,250 | €112,422 | €89,947 | €71,159 | €42,334 | ▼ 40.5% |
| Amounts payable within one year42/48 | €59,523 | €59,467 | €54,630 | €64,794 | €53,307 | ▼ 17.7% |
| Current portion of amounts payable after more than one year42 | €22,129 | €22,828 | €22,475 | €25,964 | €21,512 | ▼ 17.1% |
| Trade debts44 | €4,605 | €7,888 | €4,385 | €2,997 | - | - |
| Suppliers440/4 | €4,605 | €7,888 | €4,385 | €2,997 | - | - |
| Taxes, remuneration and social security45 | €15,333 | €17,702 | €14,068 | €25,293 | €20,713 | ▼ 18.1% |
| Taxes450/3 | €11,833 | €17,702 | €14,068 | €19,293 | €20,713 | ▲ 7.4% |
| Remuneration and social security454/9 | €3,500 | - | - | €6,000 | - | - |
| Other amounts payable47/48 | €17,456 | €11,049 | €13,701 | €10,541 | €11,083 | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€555 | €9,806 | -€5,899 | €13,570 | -€20,326 | ▼ 250% |
| + Depreciation and write-downs630 | €23,860 | €23,503 | €25,144 | €25,334 | €11,044 | ▼ 56.4% |
| Operating cash flow (approximation) | €23,304 | €33,308 | €19,245 | €38,904 | -€9,283 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€6,287 | -€6,467 | -€7,146 | €50,239 | ▲ 803% |
| Change in cash | - | €6,758 | -€446 | €13,243 | €9,233 | ▼ 30.3% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€20,326
Net result drops to -€20,326, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13,570
Net result €13,570 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9,806
Net result €9,806 after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €19,328
Net result €19,328 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1999
Ground area
224 m²
Building footprint
154 m²
Volume, LiDAR
420 m³
Parcel 34026A0446/00Y000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kaardersstraat(Mar) 9, 8510 Kortrijk
since 19992.091.018.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0446/00Y000 | Flanders | 224 m² | 1 · 154 m² | 4.7 m · 1 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 5,961 EUR awarded · 5,960 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 51 EUR | 51 EUR |
| 2023 | 1 | 1,802 EUR | 2,652 EUR |
| 2022 | 1 | 4,108 EUR | 3,257 EUR |
Similar companies · same sector, comparable size
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G.D.I.
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Seraing · Eq €34,071
CONFIG-IT
BE 0550.669.493
Mechelen · Eq €34,044
Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,343 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
Founded18-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464968411
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.