Q.A.P.
ActiveQ.A.P. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+1
Solvency29▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.09 in 2024; short-term debt: 36.7% and cash: 0.7% of total assets), and 96% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
4%
Return on assets
-1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
46 d early
2023
3 d early
2022
35 d early
2021
on the day
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▼ 20.7%
2024 · €110k
2019: €-101k
2020: €-86k
2021: €49k
2022: €144k
2023: €110k
2024: €110k
2019 → 2025
Total assets
€2.21M▲ 23.3%
2024 · €1.79M
2019: €702k
2020: €728k
2021: €875k
2022: €918k
2023: €1.63M
2024: €1.79M
2019 → 2025
Net result
€-23k
2024 · €62
2019: €-138k
2020: €14k
2021: €11k
2022: €95k
2023: €-34k
2024: €62
2019 → 2025
Working capital
€-786k▼ 32.0%
2024 · €-595k
2019: €-265k
2020: €-315k
2021: €-316k
2022: €-309k
2023: €-470k
2024: €-595k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€144k▲ 193%€110k▼ 23.6%€110k▲ 0.1%€87k▼ 20.7%
Operating result€20k-€11k▼ 44.8%€-11k€56k€33k▼ 40.4%
Net result€11k-€95k▲ 804%€-34k€62€-23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€2.19M▲ 25.9%
Current assets
€25k▼ 56.0%
Equity and liabilities €2.21M
Equity
€87k▼ 20.7%
Debt
€2.12M▲ 26.2%
The debt ratio rises from 93.9% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €138k
Cash flow
€93k▲
2024 · €83k
Solvency
4.0%▼
2024 · 6.1%
Current ratio
0.03▼
2024 · 0.09
Quick ratio
0.03▼
2024 · 0.09
Debt / equity
24.27▲
2024 · 15.26
ROE
-26.0%▼
2024 · 0.1%
ROA
-1.0%▼
2024 · 0.0%
Interest coverage
2.66▲
2024 · 2.49
Debt
€2.12M▲
2024 · €1.68M
Debt ≤ 1 year
€811k▲
2024 · €652k
Debt > 1 year
€1.30M▲
2024 · €1.03M
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€1.79M€2.21M▲
Fixed assets21/28€1.74M€2.19M▲
Tangible fixed assets22/27€1.74M€2.19M▲
Land and buildings22€1.74M€2.17M▲
Plant, machinery and equipment23-€11k
Current assets29/58€56k€25k▼
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40€3k€7k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€50k€15k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€2.21M▲
Equity10/15€110k€87k▼
Contributions10/11€181k€181k=
Profit (loss) carried forward14€-71k€-93k▼
Amounts payable17/49€1.68M€2.12M▲
Amounts payable after more than one year17€1.03M€1.30M▲
Financial debts170/4€1.00M€1.28M▲
Other amounts payable178/9€23k€28k▲
Amounts payable within one year42/48€652k€811k▲
Current portion of amounts payable after more than one year42€78k€95k▲
Trade debts44€101k€119k▲
Suppliers440/4€101k€119k▲
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€466k€587k▲
Accrued charges and deferred income492/3€6k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€115k▲
Other operating charges640/8€7k€7k▼
Gross operating margin9900€145k€155k▲
Operating profit (loss)9901€56k€33k▼
Financial income75/76B€18€0▼
Recurring financial income75€18€0▼
Financial charges65/66B€55k€56k▲
Recurring financial charges65€55k€56k▲
Profit (loss) for the period before taxes9903€62€-23k▼
Income taxes67/77€0-
Profit (loss) for the period9904€62€-23k▼
Profit (loss) for the period to be appropriated9905€62€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-93k▼
Profit (loss) brought forward from the previous period14P€-71k€-71k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €62
Net result €62 after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €95k ▲804%
Net result €95k, the highest in the series.
30-06
Financial
Equity above €100kEq €144k ▲193%
3 profitable years in a row build equity to €144k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Bilzen-Hoeselt · 1 establishment unit since 2010
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.
Kieleberg 143740 Bilzen-HoeseltGround area
5,856 m²
Building footprint
2,855 m²
Volume, LiDAR
101 m³
2 parcels, Flanders · tallest building 3.7 m. Linked by address, not a title deed.
1 establishment unit
Q.A.P.
since 20102.185.447.612
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0090/00C000 | Flanders | 3,152 m² | 1 · 1,430 m² | 3.7 m |
| 73006A0045/00X000 | Flanders | 2,704 m² | 1 · 1,426 m² | 0.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ANCHLO
BE 0888.516.535
Sint-Niklaas · Eq €87k
NEW MIDO
BE 0707.952.619
Antwerpen · Eq €88k
MIDD39
BE 0730.559.062
Damme · Eq €87k
WILLEMIMMO
BE 0550.394.133
Chastre · Eq €88k
L&K
BE 0841.263.281
Gembloux · Eq €88k
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2010
Fiscal year end30-06
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.