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Q-CHEM

Active
Public limited companyfounded 2004active for 22 yearsLeeuwerweg 138, 3803 Sint-Truiden, BelgiumKBO/BCE: BE 0865.950.672
Summary

Q-CHEM has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €111,736. Equity has been shrinking by about 14% per year since 2018. Its solvency ranks better than 95% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 24-06-2004 Normal situation
Activity
Manufacture of chemicals and chemical products NACE 20200and 1 other
Establishment units
2.138.085.975 3803 Sint-Truiden, since 24-06-2004
2.152.330.129 3800 Sint-Truiden, since 09-03-2006
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • Glob-AgroManaging director · permanent representative Koen Quaghebeur
  • K & EManaging director · permanent representative Els Paesmans
Shareholders
  • Glob-Agro· score 872025 annual accounts of Glob-Agro
  • Els Paesmans Koen Quaghebeurannual accounts 2018

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€123,535
▼ 8.1%
Turnover
≈ €310,000
estimated
Profit
€111,736
▼ 32.1%
Equity
€1.9m
▲ 6.4%
Total assets
€1.9m
▲ 5.3%
Filed on 25-06-2026, 36 days before the deadline
Score breakdownraises riskLiquidity: current ratio 212.44, cash €1,077, halvedSize: total assets €1.9mlowers riskFounded in 2004Equity €1.9m (99.5% of total assets)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of micro companies in chemicals (NACE 20)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 99.5% of total assets
Liquidity 50-1
short-term debt 0.5% · cash 0.1%
Profitability 76-4
return on assets 6.0%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (355 companies, NACE 20, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €160,000 on 30-day terms is acceptable
Short-term debt is 0.5% and cash 0.1% of total assets. 0.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, micro). It does better than 90% of them on solvency, 52% on liquidity, 71% on profitability and 66% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 212.44, cash €1,077, halved
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.9m (99.5% of total assets)
NBB · annual accounts
raises risk · Size: total assets €1.9m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.9m
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
42 days early
2023
48 days early
2022
48 days early
2021
31 days early
2020
46 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in chemicalssector median 50.1% · 317 companies 99.5% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €111,736 8 years View
  • Caution: Result fell in 2025from €164,454 to €111,736 ▼ 32.1% View

Recent changes

  1. · Gazette deed Reappointments: Glob-Agro (director) and K&E (director)Permanent representatives: Koen Quaghebeur and Els Paesmans
  2. · Gazette deed Incorporation
All 18 events

Comparable companies

These companies have the same main activity as Q-CHEM: manufacture of chemicals and chemical products (NACE 20200). They are comparable in size and age: total assets between €210,000 and €5.5m, founded between 1985 and 2009.

CompanyTotal assetsGross margin
Q-CHEM Sint-Truiden€1.9m€0.1m
FERMENTED PRODUCT PARTNER Gembloux€0.9m€0.1m
KOPPERT BELGIE Mechelen€2.1m-
AGROSTAR Ottignies-Louvain-la-Neuve€0.2m€0.09m
RODINPACK Engis€5.5m-
BELCROP Landen€4.9m-
DELGECO Heusden-Zolder€0.3m€0.05m
Full comparison

Key facts about Q-CHEM

What is the company number of Q-CHEM?
The company number of Q-CHEM is 0865.950.672. The VAT number is the same number with BE in front: BE 0865.950.672.
Where is Q-CHEM based?
The registered office is at Leeuwerweg 138, 3803 Sint-Truiden.Company details
What does Q-CHEM do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20200).
What is the legal form of Q-CHEM?
The legal form of Q-CHEM is Public limited company (NV).
When was Q-CHEM founded?
Q-CHEM was founded on 24-06-2004.
Is Q-CHEM still active?
Yes, Q-CHEM is an active enterprise in the KBO register.
What is the turnover of Q-CHEM?
The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €123,535 and 1,647 comparable companies of the same size. It probably lies between €190,000 and €590,000. It is a rough estimate.Financials
Is Q-CHEM profitable?
In financial year 2025, Q-CHEM made a profit of €111,736.
Where can I find the annual accounts of Q-CHEM?
Q-CHEM filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Q-CHEM due?
Q-CHEM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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