Q.P.A.
ActiveQ.P.A. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €85k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 38% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-3
Solvency44▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.07 in 2024; short-term debt: 57.2% and cash: 6.2% of total assets), and 80.9% 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 69
Relative position
BE, all sectors
reference
Sector 69
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 2025Solvency, return and age of the figures
Solvency
19.1%
Return on assets
5.3%
Age of the figures
9 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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
30 d early
2023
6 d late
2022
31 d early
2021
16 d early
2020
13 d early
2019
7 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€85k▼ 37.1%
2024 · €136k
2018: €273k
2019: €300k
2020: €627k
2021: €309k
2022: €231k
2023: €152k
2024: €136k
2018 → 2025
Working capital
€-1k
2024 · €75k
2018: €-67k
2019: €-109k
2020: €148k
2021: €64k
2022: €-47k
2023: €24k
2024: €75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€235k▼ 7.4%€387k▲ 64.5%€371k▼ 4.2%€306k▼ 17.4%
Operating result€438k-€306k▼ 30.2%€238k▼ 22.2%€231k▼ 2.9%€169k▼ 26.8%
Net result€309k-€231k▼ 25.2%€152k▼ 34.4%€136k▼ 10.4%€85k▼ 37.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€685k▼ 3.8%
Current assets
€914k▼ 17.8%
Equity and liabilities €1.60M
Equity
€306k▼ 17.4%
Debt
€1.29M▼ 11.0%
The debt ratio rises from 79.7% to 80.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€373k▼
2024 · €394k
Cash flow
€289k▼
2024 · €299k
Solvency
19.1%▼
2024 · 20.3%
Current ratio
1.00▼
2024 · 1.07
Quick ratio
1.00▼
2024 · 1.07
Debt / equity
4.23▲
2024 · 3.92
ROE
27.9%▼
2024 · 36.7%
ROA
5.3%▼
2024 · 7.4%
Interest coverage
10.17▲
2024 · 9.98
Debt
€1.29M▼
2024 · €1.45M
Debt ≤ 1 year
€915k▼
2024 · €1.04M
Debt > 1 year
€378k▼
2024 · €417k
Income taxes
€49k▼
2024 · €60k
Staff costs
€1.50M▲
2024 · €1.38M
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€1.82M€1.60M▼
Fixed assets21/28€712k€685k▼
Tangible fixed assets22/27€712k€685k▼
Land and buildings22€106k€100k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€299k€335k▲
Other tangible fixed assets26€304k€248k▼
Current assets29/58€1.11M€914k▼
Amounts receivable within one year40/41€882k€784k▼
Trade receivables40€838k€740k▼
Other amounts receivable41€44k€44k▼
Cash at bank and in hand54/58€195k€98k▼
Deferred charges and accrued income490/1€33k€32k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.60M▼
Equity10/15€371k€306k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€309k€244k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€303k€238k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.45M€1.29M▼
Amounts payable after more than one year17€417k€378k▼
Financial debts170/4€417k€378k▼
Amounts payable within one year42/48€1.04M€915k▼
Current portion of amounts payable after more than one year42€133k€154k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€356k€236k▼
Suppliers440/4€356k€236k▼
Taxes, remuneration and social security45€184k€161k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€179k€159k▼
Other amounts payable47/48€363k€364k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0€31k▲
Remuneration, social security and pensions62€1.38M€1.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€204k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€11k▲
Other operating charges640/8€12k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.79M€1.89M▲
Operating profit (loss)9901€231k€169k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€40k€37k▼
Recurring financial charges65€40k€37k▼
Profit (loss) for the period before taxes9903€196k€134k▼
Income taxes67/77€60k€49k▼
Profit (loss) for the period9904€136k€85k▼
Profit (loss) for the period to be appropriated9905€136k€85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€85k▼
Transfer from equity791/2€152k€150k▼
Transfer to equity691/2€136k€85k▼
To other reserves6921€136k€85k▼
Profit to be distributed694/7€152k€150k▼
Return on contributions (dividend)694€152k€150k▼
Social balance
Average headcount (FTE)908720.020.4▲
The notes to these accounts (15 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
19-08
State Gazette act
General meeting · Approval
Dissolution · Liquidation
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
State Gazette act
Incorporation · Founder
Founding capital · Bank account
29-06
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
30-03
State Gazette act
General meeting · Purpose change
Statutes amendment · Power of attorney · Fanny FLAMEN
26-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account · Fanny Flamen
2025
31-12
Financial
Weakest financial yearnet €85k ▼37.1%
Net result drops to €85k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €627k ▲109%
Operating result €873k, net result €627k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Poperinge · 2 establishment units since 2008
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.
Casselstraat 558970 PoperingeGround area
3,145 m²
Building footprint
985 m²
Volume, LiDAR
1,628 m³
2 parcels, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Quartus
since 20082.169.869.610
Quartus
since 20082.169.869.808
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025E0285/00N002 | Flanders | 1,671 m² | 1 · 485 m² | 6.8 m · 1 fl. |
| 33021F0896/00L000 | Flanders | 1,473 m² | 1 · 501 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 8,522 EUR awarded · 8,942 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,746 EUR | 1,746 EUR |
| 2024 | 1 | 1,007 EUR | 1,007 EUR |
| 2023 | 2 | 3,832 EUR | 4,315 EUR |
| 2022 | 1 | 1,937 EUR | 1,874 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,051 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-2004
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
74122
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.