Summary
Q & S is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €287,182. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 94% of 1534 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.2m
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
20 d early
2023
12 d early
2022
11 d early
2021
31 d late
2020
16 d early
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▲ 9.0%
2024 · €1.1m
Net result
€287,182▲ 63.2%
2024 · €175,956
Total assets
€1.3m▲ 5.1%
2024 · €1.2m
Solvency
93.1%▲ 3.3pp
2024 · 89.8%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€86,357▲ 28.8%-€77,124€20,953€175,411▲ 737%€436,503▲ 149%
Net result€39,123within the sector's middle half€100,709within the sector's middle half▲ 157%€286below the sector's middle half▼ 99.7%€175,956within the sector's middle half▲ 61,427%€287,182above the sector's middle half▲ 63.2%
Equity€793,735above the sector's middle half▼ 24.7%€894,444above the sector's middle half▲ 12.7%€894,730above the sector's middle half=€1.1mabove the sector's middle half▲ 19.5%€1.2mabove the sector's middle half▲ 9.0%
Total assets€960,725within the sector's middle half▼ 22.7%€1.0mwithin the sector's middle half▲ 4.4%€900,599within the sector's middle half▼ 10.2%€1.2mwithin the sector's middle half▲ 32.2%€1.3mwithin the sector's middle half▲ 5.1%
Debt€166,990▼ 11.5%€108,509▼ 35.0%€5,868▼ 94.6%€121,348▲ 1,968%€85,907▼ 29.2%
Working capital€202,639within the sector's middle half▼ 34.5%€442,204above the sector's middle half▲ 118%€584,151above the sector's middle half▲ 32.1%€868,179above the sector's middle half▲ 48.6%€1.1mabove the sector's middle half▲ 24.0%
Solvency82.6%above the sector's middle half▼ 2.2pp89.2%above the sector's middle half▲ 6.6pp99.3%above the sector's middle half▲ 10.2pp89.8%above the sector's middle half▼ 9.5pp93.1%above the sector's middle half▲ 3.3pp
Current ratio2.21within the sector's middle half▼ 0.485.08above the sector's middle half▲ 2.868.15above the sector's middle half13.54above the sector's middle half▲ 5.38
Return on assets (ROA)4.1%within the sector's middle half▲ 8.3pp10.0%within the sector's middle half▲ 6.0pp0.0%below the sector's middle half▼ 10.0pp14.8%within the sector's middle half▲ 14.7pp23.0%above the sector's middle half▲ 8.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 149% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€88,013 ▼ 56.2%
Current assets
€1.2m ▲ 17.5%
Equity and liabilities €1.3m
Equity
€1.2m ▲ 9.0%
Debt
€85,907 ▼ 29.2%
Debt's share of the balance-sheet total falls from 10.2% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.7%▲
2024 · 16.5%
Debt ≤ 1 year
€85,907▼
2024 · €121,348
Income taxes
€196,609▲
2024 · €117,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,859 | €0 | €8,470 | €0 | - | - |
| Remuneration, social security and pensions62 | €3,509 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164,630 | €141,097 | €141,661 | €113,438 | €112,829 | ▼ 0.5% |
| Other operating charges640/8 | €5,582 | €4,722 | €5,379 | €5,150 | €7,143 | ▲ 38.7% |
| Gross operating margin9900 | €260,079 | €68,695 | €167,994 | €293,999 | €556,475 | ▲ 89.3% |
| Operating profit (loss)9901 | €86,357 | -€77,124 | €20,953 | €175,411 | €436,503 | ▲ 149% |
| Financial income75/76B | €6 | €204,465 | €15,293 | €120,586 | €51,515 | ▼ 57.3% |
| Recurring financial income75 | €6 | €204,465 | €15,293 | €120,586 | €51,515 | ▼ 57.3% |
| Financial charges65/66B | €992 | €8,416 | €1,631 | €2,631 | €4,228 | ▲ 60.7% |
| Recurring financial charges65 | €992 | €8,416 | €1,631 | €2,631 | €4,228 | ▲ 60.7% |
| Profit (loss) for the period before taxes9903 | €85,371 | €118,925 | €34,615 | €293,367 | €483,791 | ▲ 64.9% |
| Income taxes67/77 | €46,248 | €18,216 | €34,329 | €117,411 | €196,609 | ▲ 67.5% |
| Profit (loss) for the period9904 | €39,123 | €100,709 | €286 | €175,956 | €287,182 | ▲ 63.2% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €39,123 | €100,709 | €286 | €175,956 | €287,182 | ▲ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €960,725 | €1.0m | €900,599 | €1.2m | €1.3m | ▲ 5.1% |
| Fixed assets21/28 | €591,096 | €452,241 | €310,580 | €200,842 | €88,013 | ▼ 56.2% |
| Intangible fixed assets21 | €398,536 | €290,503 | €182,470 | €91,235 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €156,303 | €131,901 | €98,274 | €79,771 | €58,176 | ▼ 27.1% |
| Land and buildings22 | €2,597 | €2,226 | €1,855 | €1,484 | €1,113 | ▼ 25.0% |
| Plant, machinery and equipment23 | €17,730 | €11,665 | €2,800 | €6,500 | €6,500 | = |
| Furniture and vehicles24 | €8,436 | €12,484 | €10,107 | €7,729 | €5,352 | ▼ 30.8% |
| Leasing and similar rights25 | €120,595 | €101,750 | €82,904 | €64,058 | €45,212 | ▼ 29.4% |
| Other tangible fixed assets26 | €6,945 | €3,776 | €608 | €0 | - | - |
| Financial fixed assets28 | €36,257 | €29,836 | €29,836 | €29,836 | €29,836 | = |
| Current assets29/58 | €369,629 | €550,713 | €590,019 | €989,526 | €1.2m | ▲ 17.5% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13,122 | €333,262 | €12,709 | €44,979 | €0 | ▼ 100% |
| Trade receivables40 | €1,696 | €0 | - | €10,837 | €0 | ▼ 100% |
| Other amounts receivable41 | €11,427 | €333,262 | €12,709 | €34,142 | €0 | ▼ 100% |
| Current investments50/53 | €159,651 | €170,000 | €405,528 | €924,716 | €975,545 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €189,599 | €44,105 | €165,557 | €13,226 | €95,741 | ▲ 624% |
| Deferred charges and accrued income490/1 | €7,257 | €3,345 | €6,224 | €6,605 | €91,514 | ▲ 1,286% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €960,725 | €1.0m | €900,599 | €1.2m | €1.3m | ▲ 5.1% |
| Equity10/15 | €793,735 | €894,444 | €894,730 | €1.1m | €1.2m | ▲ 9.0% |
| Contributions10/11 | €339,476 | €339,476 | €339,476 | €339,476 | €339,476 | = |
| Reserves13 | €432,776 | €533,485 | €555,254 | €729,545 | €825,430 | ▲ 13.1% |
| Non-distributable reserves130/1 | €59,696 | €59,696 | €59,696 | €2,930 | €2,930 | = |
| Reserves not available under the articles1311 | €59,696 | €59,696 | €59,696 | €2,930 | €2,930 | = |
| Tax-exempt reserves132 | €60,771 | €60,771 | €60,771 | €60,771 | €60,771 | = |
| Distributable reserves133 | €312,309 | €413,018 | €434,787 | €665,844 | €761,729 | ▲ 14.4% |
| Profit (loss) carried forward14 | €21,483 | €21,483 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €166,990 | €108,509 | €5,868 | €121,348 | €85,907 | ▼ 29.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €166,990 | €108,509 | €5,868 | €121,348 | €85,907 | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | €6,445 | €0 | - | - | - | - |
| Financial debts43 | - | - | - | €100,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €100,000 | €0 | ▼ 100% |
| Trade debts44 | €12,043 | €31,462 | €5,094 | €12,875 | €6,556 | ▼ 49.1% |
| Suppliers440/4 | €12,043 | €31,462 | €5,094 | €12,875 | €6,556 | ▼ 49.1% |
| Advances received on contracts in progress46 | - | €40,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €19,306 | €36,568 | €0 | €677 | €36,403 | ▲ 5,279% |
| Taxes450/3 | €18,352 | €36,568 | €0 | €677 | €36,403 | ▲ 5,279% |
| Remuneration and social security454/9 | €954 | €0 | - | - | - | - |
| Other amounts payable47/48 | €129,196 | €479 | €774 | €7,796 | €42,947 | ▲ 451% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,123 | €100,709 | €286 | €175,956 | €287,182 | ▲ 63.2% |
| + Depreciation and write-downs630 | €164,630 | €141,097 | €141,661 | €113,438 | €112,829 | ▼ 0.5% |
| Operating cash flow (approximation) | €203,753 | €241,806 | €141,947 | €289,394 | €400,011 | ▲ 38.2% |
| Investment in fixed assets (approximation) | - | -€2,241 | €0 | -€3,700 | €0 | ▲ 100% |
| Change in cash | - | -€145,494 | €121,452 | -€152,331 | €82,515 | ▲ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €287,182 ▲63.2%
Operating result €436,503, net result €287,182, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.1m ▲19.5%
4 profitable years in a row build equity to €1.1m.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 20current ratio 100.54
Current ratio from 5.08 to 100.54; short-term debt falls from €108,509 to €5,868.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.08
Current ratio from 2.21 to 5.08; short-term debt falls from €166,990 to €108,509.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €39,123
Net result €39,123 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€52,032
Net result drops to -€52,032, the lowest in the series; recovery starts the following year.
Show earlier events
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.49 to 1.66; short-term debt falls from €389,130 to €286,442.
31-12
Financial
Equity above €1mEq €1.1m ▲17.5%
2 profitable years in a row build equity to €1.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 395 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 760 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2006
Ground area
5.3 ha
Building footprint
2,087 m²
Volume, LiDAR
12,304 m³
Parcel 34022E0660/00Y002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Q & S
since 20062.158.284.642
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0660/00Y002 ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗ |
Flanders | 5.3 ha | 1 · 2,087 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
9845002BDHFF38TEE241
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Of 4,671 companies in this sector we hold annual accounts for 3,221. 2,060 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885372547
Also
9925:BE0885372547
Registered
30-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.