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Q & J

Active
Private limited companyfounded 20242 yrs activeWolvenstraat 20, 9550 Herzele, BelgiumKBO/BCE: BE 1006.451.610
Summary

The computed 12-month bankruptcy probability of Q & J is 10.3% (high). The 2024 annual accounts show negative equity (-€5,950) and a net result of -€7,950. Its solvency ranks better than 10% of 18935 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
10.3% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51; short-term debt: 194.4% and cash: 8.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2024
Solvency, return and age of the figures
Solvency
-94.4%
Return on assets
-126.2%
Age of the figures
21 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 29 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 February 2024, Q & J was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€5,950
Total assets
€6,301
Net result
-€7,950
Working capital
-€5,950

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2024 value
Solvency
-94.4%
Current ratio
0.51
Quick ratio
0.47
ROA
-126.2%
Debt
€12,251
Debt ≤ 1 year
€12,251
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 10.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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
Filed annual accounts As filed with the NBB · 2024 · 26 lines
Balance sheet Code2024
Assets
Total assets20/58€6,301
Current assets29/58€6,301
Stocks and contracts in progress3€500
Stocks30/36€500
Amounts receivable within one year40/41€5,261
Trade receivables40€4,077
Other amounts receivable41€1,184
Cash at bank and in hand54/58€540
Equity and liabilities
Total equity and liabilities10/49€6,301
Equity10/15-€5,950
Contributions10/11€2,000
Profit (loss) carried forward14-€7,950
Amounts payable17/49€12,251
Amounts payable within one year42/48€12,251
Trade debts44€12,251
Suppliers440/4€12,251
Income statement Code2024
Gross operating margin9900-€7,891
Operating profit (loss)9901-€7,891
Financial income75/76B€27
Recurring financial income75€27
Financial charges65/66B€87
Recurring financial charges65€87
Profit (loss) for the period before taxes9903-€7,950
Profit (loss) for the period9904-€7,950
Profit (loss) for the period to be appropriated9905-€7,950
Appropriation of the result
Profit (loss) to be appropriated9906-€7,950

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Gross operating margin9900-€7,891
Operating profit (loss)9901-€7,891
Financial income75/76B€27
Recurring financial income75€27
Financial charges65/66B€87
Recurring financial charges65€87
Profit (loss) for the period before taxes9903-€7,950
Profit (loss) for the period9904-€7,950
Profit (loss) for the period to be appropriated9905-€7,950
Line2024
Assets
Total assets20/58€6,301
Current assets29/58€6,301
Stocks and contracts in progress3€500
Stocks30/36€500
Amounts receivable within one year40/41€5,261
Trade receivables40€4,077
Other amounts receivable41€1,184
Cash at bank and in hand54/58€540
Equity and liabilities
Total equity and liabilities10/49€6,301
Equity10/15-€5,950
Contributions10/11€2,000
Profit (loss) carried forward14-€7,950
Amounts payable17/49€12,251
Amounts payable within one year42/48€12,251
Trade debts44€12,251
Suppliers440/4€12,251
Line2024
Profit (loss) for the period9904-€7,950
Operating cash flow (approximation)-€7,950

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herzele · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,575 m²
Building footprint
532 m²
Volume, LiDAR
1,583 m³
2 parcels, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Q & J
Brugsesteenweg 173, 8520 KuurneRetail sale of bread and pastry (bakery outlets)
since 20242.356.300.838
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34023B0903/00G002 Flanders 1,205 m² 1 · 335 m² 18.6 m
41027A0990/00A002 Flanders 370 m² 1 · 197 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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 site
Kuurne2.356.300.838
1 permission
Toelating · Eetgelegenheid · since 09-01-2026

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded26-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
43990Other specialised construction activities
47241Retail sale of bread and pastry (bakery outlets)
74140Other specialised design activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006451610
Also 9925:BE1006451610
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.