Q-CHEM
ActiveQ-CHEM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.76M and a net result of €164k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▼-4
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 66.34), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 20
Relative position
BE, all sectors
reference
Sector 20
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.5%
Return on assets
9.2%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.8M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
48 d early
2022
48 d early
2021
31 d early
2020
46 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.76M▲ 10.3%
2023 · €1.59M
2018: €3.50M
2019: €3.66M
2020: €3.70M
2021: €1.25M
2022: €1.43M
2023: €1.59M
2018 → 2024
Total assets
€1.78M▲ 11.3%
2023 · €1.60M
2018: €3.60M
2019: €10.71M
2020: €3.70M
2021: €3.77M
2022: €1.45M
2023: €1.60M
2018 → 2024
Net result
€164k▲ 2.0%
2023 · €161k
2018: €25k
2019: €157k
2020: €38k
2021: €49k
2022: €182k
2023: €161k
2018 → 2024
Working capital
€1.75M▲ 10.7%
2023 · €1.58M
2018: €3.51M
2019: €3.65M
2020: €3.69M
2021: €1.23M
2022: €1.42M
2023: €1.58M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.70M-€1.25M▼ 66.2%€1.43M▲ 14.6%€1.59M▲ 11.3%€1.76M▲ 10.3%
Operating result€67k-€28k▼ 59.1%€232k▲ 741%€207k▼ 10.7%€166k▼ 19.7%
Net result€38k-€49k▲ 31.6%€182k▲ 269%€161k▼ 11.6%€164k▲ 2.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.78M
Fixed assets
€7k▼ 37.7%
Current assets
€1.78M▲ 11.7%
Equity and liabilities €1.78M
Equity
€1.76M▲ 10.3%
Debt
€27k▲ 173%
The debt ratio rises from 0.6% to 1.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€170k▼
2023 · €211k
Cash flow
€169k▲
2023 · €165k
Solvency
98.5%▼
2023 · 99.4%
Current ratio
66.34
Quick ratio
66.34
Debt / equity
0.02▲
2023 · 0.01
ROE
9.4%▼
2023 · 10.1%
ROA
9.2%▼
2023 · 10.1%
Interest coverage
453.99▲
2023 · 257.36
Debt
€27k▲
2023 · €10k
Debt ≤ 1 year
€27k▲
2023 · €10k
Income taxes
€55k▼
2023 · €56k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.78M▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€10k€5k▼
Other tangible fixed assets26€10k€5k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.59M€1.78M▲
Stocks and contracts in progress3€21k-
Stocks30/36€21k-
Amounts receivable within one year40/41€16k€80k▲
Trade receivables40€8k€68k▲
Other amounts receivable41€8k€13k▲
Current investments50/53€1.35M€1.68M▲
Cash at bank and in hand54/58€204k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.78M▲
Equity10/15€1.59M€1.76M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€756k€756k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€750k€750k=
Profit (loss) carried forward14€775k€939k▲
Amounts payable17/49€10k€27k▲
Amounts payable within one year42/48€10k€27k▲
Trade debts44€9k€26k▲
Suppliers440/4€9k€26k▲
Taxes, remuneration and social security45-€439
Taxes450/3-€439
Other amounts payable47/48€422-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€-42k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€261k€134k▼
Operating profit (loss)9901€207k€166k▼
Financial income75/76B€11k€53k▲
Recurring financial income75€11k€53k▲
Financial charges65/66B€821€375▼
Recurring financial charges65€821€375▼
Profit (loss) for the period before taxes9903€217k€219k▲
Income taxes67/77€56k€55k▼
Profit (loss) for the period9904€161k€164k▲
Profit (loss) for the period to be appropriated9905€161k€164k▲
Appropriation of the result
Profit (loss) to be appropriated9906€775k€939k▲
Profit (loss) brought forward from the previous period14P€613k€775k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 162.47
Current ratio from 68.02 to 162.47; short-term debt falls from €21k to €10k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €182k ▲269%
Operating result €232k, net result €182k, both a record.
31-12
Financial
Liquidity times 46current ratio 68.02
Current ratio from 1.49 to 68.02; short-term debt falls from €2.52M to €21k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 1165current ratio 1768.12
Current ratio from 1.52 to 1768.12; short-term debt falls from €7.04M to €2k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Truiden · 2 establishment units since 2004
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.
Leeuwerweg 1383803 Sint-TruidenGround area
2.7 ha
Building footprint
9,965 m²
Volume, LiDAR
958 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Q-CHEM
since 20042.138.085.975
Q-Chem
since 20062.152.330.129
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0506/00M002 | Flanders | 2.5 ha | 1 · 9,811 m² | - |
| 71061B0019/00E000 | Flanders | 1,961 m² | 1 · 154 m² | 8.6 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.152.330.129
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Of 77 companies in sector 20200 we hold annual accounts for 65. 45 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-2004
Fiscal year end31-12
Activities, NACEBEL
20200Manufacture of chemicals and chemical products
46851Wholesale of industrial chemicals
51550
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.