Q - Blast
ActiveQ - Blast has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 42% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy▼ -37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency88▼-10
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.42 in 2024), but 54.4% 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
45.6%
Return on assets
-7%
Age of the figures
8 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 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
34 d early
2022
14 d early
2021
19 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€129k
EBIT margin
26.5%
Net result
€-7k
2024 · €25k
2021: €38k
2022: €15k
2023: €-25k
2024: €25k
2021 → 2025
Working capital
€45k▼ 0.2%
2024 · €45k
2021: €21k
2022: €37k
2023: €17k
2024: €45k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€129k
Equity€41k-€56k▲ 35.8%€31k▼ 44.9%€55k▲ 78.3%€47k▼ 13.4%
Operating result€53k-€17k▼ 67.8%€-25k€34k€-6k
Net result€38k-€15k▼ 61.8%€-25k€25k€-7k
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 €6k after €34k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€7k▼ 57.7%
Current assets
€97k▲ 24.7%
Equity and liabilities €104k
Equity
€47k▼ 13.4%
Debt
€56k▲ 43.8%
The debt ratio rises from 41.8% to 54.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2024 · €45k
Cash flow
€2k▼
2024 · €35k
Solvency
45.6%▼
2024 · 58.2%
Current ratio
1.88▼
2024 · 2.42
Quick ratio
1.88▼
2024 · 2.42
Debt / equity
1.19▲
2024 · 0.72
ROE
-15.4%▼
2024 · 45.4%
ROA
-7.0%▼
2024 · 26.4%
Interest coverage
3.19▼
2024 · 117.51
Debt
€56k▲
2024 · €39k
Debt ≤ 1 year
€51k▲
2024 · €32k
Income taxes
€146▼
2024 · €8k
Staff costs
€793▲
2024 · €50
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€94k€104k▲
Fixed assets21/28€16k€7k▼
Tangible fixed assets22/27€16k€7k▼
Plant, machinery and equipment23€3k€226▼
Furniture and vehicles24€1k€506▼
Leasing and similar rights25€12k€6k▼
Current assets29/58€78k€97k▲
Amounts receivable within one year40/41€50k€11k▼
Trade receivables40€44k€5k▼
Other amounts receivable41€6k€6k▲
Cash at bank and in hand54/58€20k€52k▲
Deferred charges and accrued income490/1€7k€33k▲
Equity and liabilities
Total equity and liabilities10/49€94k€104k▲
Equity10/15€55k€47k▼
Contributions10/11€3k€3k=
Reserves13€77k€77k=
Distributable reserves133€77k€77k=
Profit (loss) carried forward14€-25k€-32k▼
Amounts payable17/49€39k€56k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€32k€51k▲
Current portion of amounts payable after more than one year42€6k€5k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Advances received on contracts in progress46€7k€38k▲
Taxes, remuneration and social security45€16k€5k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€829-
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Turnover70€129k-
Goods, raw materials, services and sundry goods60/61€84k-
Remuneration, social security and pensions62€50€793▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€796€639▼
Gross operating margin9900€46k€5k▼
Operating profit (loss)9901€34k€-6k▼
Financial income75/76B€328-
Recurring financial income75€328-
Financial charges65/66B€1k€996▼
Recurring financial charges65€380€996▲
Non-recurring financial charges66B€930-
Profit (loss) for the period before taxes9903€33k€-7k▼
Income taxes67/77€8k€146▼
Profit (loss) for the period9904€25k€-7k▼
Profit (loss) for the period to be appropriated9905€25k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-175€-32k▼
Profit (loss) brought forward from the previous period14P€-25k€-25k=
Transfer to equity691/2€24k-
To other reserves6921€24k-
Profit to be distributed694/7€829-
Return on contributions (dividend)694€829-
The notes to these accounts (5 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-25k ▼270%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herselt · 1 establishment unit since 2020
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.
Oude Baan 832230 HerseltGround area
1,504 m²
Building footprint
429 m²
Volume, LiDAR
2,861 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Q - Blast
since 20202.305.006.545
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71033A0469/00X003 | Flanders | 1,160 m² | 1 · 318 m² | 11.6 m · 3 fl. |
| 13013C0035/00T000 | Flanders | 344 m² | 1 · 111 m² | 4.2 m · 1 fl. |
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
OTHERWAY-CONSULTING
BE 1005.352.342
Jodoigne · Eq €47k
LS BUILD
BE 0762.757.421
Mont-Saint-Guibert · Eq €47k
COSTENCU Engineering
BE 0773.466.221
Antwerpen · Eq €47k
Buro-JVL
BE 0737.364.009
Retie · Eq €47k
TRACTUS
BE 0804.119.409
Veurne · Eq €47k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,522. 4,829 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.