Q - QUADRAAT
ActiveQ - QUADRAAT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €68k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 62% of 8002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-6
Solvency81▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.2 in 2024; short-term debt: 44.2% and cash: 0.4% of total assets), and 44.2% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
55.8%
Return on assets
12.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
1 d early
2022
29 d late
2021
3 d late
2020
13 d late
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€295k▲ 29.8%
2024 · €227k
2019: €73k
2020: €96k
2021: €93k
2022: €94k
2023: €139k
2024: €227k
2019 → 2025
Total assets
€528k▲ 9.0%
2024 · €485k
2019: €608k
2020: €553k
2021: €578k
2022: €573k
2023: €541k
2024: €485k
2019 → 2025
Net result
€68k▼ 22.8%
2024 · €88k
2019: €20k
2020: €22k
2021: €-2k
2022: €520
2023: €46k
2024: €88k
2019 → 2025
Working capital
€-173k▲ 16.4%
2024 · €-206k
2019: €48k
2020: €9k
2021: €-33k
2022: €-32k
2023: €-24k
2024: €-206k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€94k▲ 0.6%€139k▲ 49.1%€227k▲ 62.9%€295k▲ 29.8%
Operating result€-1k-€3k€37k▲ 985%€38k▲ 2.8%€9k▼ 75.6%
Net result€-2k-€520€46k▲ 8,731%€88k▲ 91.1%€68k▼ 22.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €528k
Fixed assets
€467k▲ 7.8%
Current assets
€61k▲ 19.2%
Equity and liabilities €528k
Equity
€295k▲ 29.8%
Debt
€233k▼ 9.3%
The debt ratio falls from 53.1% to 44.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €63k
Cash flow
€95k▼
2024 · €113k
Solvency
55.8%▲
2024 · 46.9%
Current ratio
0.26▲
2024 · 0.20
Quick ratio
0.26▲
2024 · 0.20
Debt / equity
0.79▼
2024 · 1.13
ROE
23.0%▼
2024 · 38.6%
ROA
12.8%▼
2024 · 18.1%
Interest coverage
106.49▼
2024 · 173.07
Debt
€233k▼
2024 · €257k
Debt ≤ 1 year
€233k▼
2024 · €257k
Income taxes
€10k▼
2024 · €18k
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€485k€528k▲
Fixed assets21/28€433k€467k▲
Tangible fixed assets22/27€427k€461k▲
Land and buildings22€419k€406k▼
Plant, machinery and equipment23€360€796▲
Other tangible fixed assets26€8k€54k▲
Financial fixed assets28€7k€7k=
Current assets29/58€51k€61k▲
Amounts receivable within one year40/41€40k€54k▲
Trade receivables40€39k€39k▲
Other amounts receivable41€1k€15k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€485k€528k▲
Equity10/15€227k€295k▲
Contributions10/11€43k€43k=
Reserves13€184k€252k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€180k€248k▲
Profit (loss) carried forward14€174€174=
Amounts payable17/49€257k€233k▼
Amounts payable within one year42/48€257k€233k▼
Trade debts44€676€3k▲
Suppliers440/4€676€3k▲
Taxes, remuneration and social security45€7k€604▼
Taxes450/3€7k€604▼
Other amounts payable47/48€250k€230k▼
Income statement
Code20242025
Non-recurring operating income76A-€15k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€27k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€70k€45k▼
Operating profit (loss)9901€38k€9k▼
Financial income75/76B€69k€69k=
Recurring financial income75€69k€69k=
Financial charges65/66B€364€338▼
Recurring financial charges65€364€338▼
Profit (loss) for the period before taxes9903€106k€78k▼
Income taxes67/77€18k€10k▼
Profit (loss) for the period9904€88k€68k▼
Profit (loss) for the period to be appropriated9905€88k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€68k▼
Profit (loss) brought forward from the previous period14P€174€174=
Transfer to equity691/2€88k€68k▼
To other reserves6921€88k€68k▼
The notes to these accounts (9 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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €88k ▲91.1%
Operating result €38k, net result €88k, both a record.
31-03
Financial
Equity above €200kEq €227k ▲62.9%
3 profitable years in a row build equity to €227k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €100kEq €139k ▲49.1%
2 profitable years in a row build equity to €139k.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
31-03
Financial
Back to profitnet €520
Net result €520 after one loss-making year.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Weakest financial yearnet €-2k ▼111%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Gent · 1 establishment unit since 2000
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.
Lievekaai 199000 GentGround area
324 m²
Building footprint
130 m²
Volume, LiDAR
1,532 m³
Parcel 44815F3530/00K000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Lievekaai 19, 9000 Gent
since 20002.099.703.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3530/00K000 | Flanders | 324 m² | 1 · 130 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
BEVO
BE 0874.174.589
Antwerpen · Eq €294k
sts SMULDERS
BE 0809.300.494
Mechelen · Eq €296k
OTHELLO
BE 0451.583.696
Lasne · Eq €297k
BOUWBEMIDDELING
BE 0478.185.947
Lebbeke · Eq €297k
CARUSO
BE 0459.654.195
Wortegem-Petegem · Eq €298k
Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,733 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-07-2000
Fiscal year end31-03
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.