Q-TEC
ActiveSummary
The computed 12-month bankruptcy probability of Q-TEC is 1.7% (moderate). The 2024 annual accounts show equity of €306,127 and a net result of €98,198. Its solvency ranks better than 38% of 9046 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+6
Solvency58▲+14
Growth78
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.78 in 2023; short-term debt: 39.4% and cash: 10.8% of total assets), but 66.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 17-06-2025, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€306,127▲ 47.2%
2023 · €207,929
Total assets
€915,970▼ 15.8%
2023 · €1.1m
Net result
€98,198▲ 35.6%
2023 · €72,400
Working capital
€269,889▼ 29.9%
2023 · €385,135
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€133,099-€155,903▲ 17.1%
Net result€72,400within the sector's middle half-€98,198within the sector's middle half▲ 35.6%
Equity€207,929within the sector's middle half-€306,127within the sector's middle half▲ 47.2%
Total assets€1.1mwithin the sector's middle half-€915,970within the sector's middle half▼ 15.8%
Debt€880,532-€609,843▼ 30.7%
Working capital€385,135-€269,889▼ 29.9%
Solvency19.1%below the sector's middle half-33.4%within the sector's middle half▲ 14.3pp
Staff (FTE)1.7within the sector's middle half-0.4below the sector's middle half▼ 76.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result rises in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €915,970
Fixed assets
€284,849 ▲ 34.7%
Current assets
€631,121 ▼ 28.0%
Equity and liabilities €915,970
Equity
€306,127 ▲ 47.2%
Debt
€609,843 ▼ 30.7%
Debt's share of the balance-sheet total falls from 80.9% to 66.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€267,530▲
2023 · €197,915
Cash flow
€209,825▲
2023 · €137,216
Current ratio
1.75▼
2023 · 1.78
Quick ratio
0.99▼
2023 · 1.31
Debt to equity
1.99▼
2023 · 4.23
ROE
32.1%▼
2023 · 34.8%
ROA
10.7%▲
2023 · 6.7%
Interest coverage
10.70▲
2023 · 5.84
Debt ≤ 1 year
€361,232▼
2023 · €491,935
Debt > 1 year
€248,611▼
2023 · €388,598
Income taxes
€32,765▲
2023 · €27,300
Staff costs
€22,933▼
2023 · €189,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 39,275 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
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €5,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €189,939 | €22,933 | ▼ 87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,816 | €111,627 | ▲ 72.2% |
| Other operating charges640/8 | €42,248 | €6,324 | ▼ 85.0% |
| Non-recurring operating charges66A | €1,665 | €0 | ▼ 100% |
| Gross operating margin9900 | €431,767 | €296,787 | ▼ 31.3% |
| Operating profit (loss)9901 | €133,099 | €155,903 | ▲ 17.1% |
| Financial income75/76B | €472 | €62 | ▼ 86.9% |
| Recurring financial income75 | €472 | €62 | ▼ 86.9% |
| Financial charges65/66B | €33,871 | €25,001 | ▼ 26.2% |
| Recurring financial charges65 | €33,871 | €25,001 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €99,701 | €130,963 | ▲ 31.4% |
| Income taxes67/77 | €27,300 | €32,765 | ▲ 20.0% |
| Profit (loss) for the period9904 | €72,400 | €98,198 | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €72,400 | €98,198 | ▲ 35.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.1m | €915,970 | ▼ 15.8% |
| Fixed assets21/28 | €211,391 | €284,849 | ▲ 34.7% |
| Intangible fixed assets21 | €1,128 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €210,263 | €284,849 | ▲ 35.5% |
| Plant, machinery and equipment23 | €10,069 | €8,591 | ▼ 14.7% |
| Furniture and vehicles24 | €200,194 | €276,258 | ▲ 38.0% |
| Current assets29/58 | €877,070 | €631,121 | ▼ 28.0% |
| Stocks and contracts in progress3 | €232,830 | €275,048 | ▲ 18.1% |
| Stocks30/36 | €232,830 | €275,048 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €550,047 | €246,805 | ▼ 55.1% |
| Trade receivables40 | €549,947 | €246,705 | ▼ 55.1% |
| Other amounts receivable41 | €100 | €100 | = |
| Cash at bank and in hand54/58 | €84,584 | €98,737 | ▲ 16.7% |
| Deferred charges and accrued income490/1 | €9,609 | €10,530 | ▲ 9.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.1m | €915,970 | ▼ 15.8% |
| Equity10/15 | €207,929 | €306,127 | ▲ 47.2% |
| Contributions10/11 | €6,508 | €6,508 | = |
| Reserves13 | €201,421 | €299,619 | ▲ 48.8% |
| Distributable reserves133 | €201,421 | €299,619 | ▲ 48.8% |
| Amounts payable17/49 | €880,532 | €609,843 | ▼ 30.7% |
| Amounts payable after more than one year17 | €388,598 | €248,611 | ▼ 36.0% |
| Financial debts170/4 | €388,598 | €248,611 | ▼ 36.0% |
| Amounts payable within one year42/48 | €491,935 | €361,232 | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | €179,155 | €139,987 | ▼ 21.9% |
| Financial debts43 | - | €100,000 | - |
| Credit institutions430/8 | - | €100,000 | - |
| Trade debts44 | €194,846 | €69,944 | ▼ 64.1% |
| Suppliers440/4 | €194,846 | €69,944 | ▼ 64.1% |
| Taxes, remuneration and social security45 | €116,433 | €51,301 | ▼ 55.9% |
| Taxes450/3 | €90,868 | €46,774 | ▼ 48.5% |
| Remuneration and social security454/9 | €25,565 | €4,527 | ▼ 82.3% |
| Other amounts payable47/48 | €1,500 | €0 | ▼ 100% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €72,400 | €98,198 | ▲ 35.6% |
| + Depreciation and write-downs630 | €64,816 | €111,627 | ▲ 72.2% |
| Operating cash flow (approximation) | €137,216 | €209,825 | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | -€185,085 | - |
| Change in cash | - | €14,153 | - |
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
2025
13-10
State Gazette act
Permanent representatives: Kevin Gevels, Marc Marissen and Davy Van De Walle3 facts ▸
State Gazette act
Permanent representatives: Kevin Gevels, Marc Marissen and Davy Van De Walle
3 facts ▸
- Permanent representative, Kevin Gevels (permanent representative)
- Permanent representative, Marc Marissen (permanent representative)
- Permanent representative, Davy Van De Walle (permanent representative)
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
07-05
State Gazette act
Appointment: MOORE AUDIT (statutory auditor)Permanent representative: Marc MARISSEN3 facts ▸
State Gazette act
Appointment: MOORE AUDIT (statutory auditor)
Permanent representative: Marc MARISSEN3 facts ▸
- General meeting, 05/03/2024
- Auditor appointment, MOORE AUDIT (statutory auditor)
- Permanent representative, Marc MARISSEN
2022
14-12
State Gazette act
Appointments: FABRIEKAGE, Quatra International and MICHIELS CONSTRUCTPermanent representatives: Davy VAN DE WALLE, Piet VAN POLLAERT and Alain MICHIELS · Registered-office move · Mandate compensation13 facts ▸
State Gazette act
Appointments: FABRIEKAGE, Quatra International and MICHIELS CONSTRUCT
Permanent representatives: Davy VAN DE WALLE, Piet VAN POLLAERT and Alain MICHIELS · Registered-office move · Mandate compensation13 facts ▸
- General meeting, 08/12/2022
- Registered-office move, 9160 Lokeren (Eksaarde), Hoekstraat 165A
- Director appointment, FABRIEKAGE (director)
- Permanent representative, Davy VAN DE WALLE
- Director appointment, Quatra International (director)
- Permanent representative, Piet VAN POLLAERT
- Mandate compensation, FABRIEKAGE
- Mandate compensation, Quatra International
- Director appointment, MICHIELS CONSTRUCT (day-to-day manager)
- Permanent representative, Alain MICHIELS
- Director appointment, FABRIEKAGE (day-to-day manager)
- Mandate compensation, MICHIELS CONSTRUCT
- +1 further facts in this act
09-12
State Gazette act
IncorporationPermanent representative: Alain MICHIELS · Demerger · Accounting effect9 facts ▸
State Gazette act
Incorporation
Permanent representative: Alain MICHIELS · Demerger · Accounting effect9 facts ▸
- Incorporation, 24/11/2022
- Demerger, 24/11/2022
- Accounting effect, 01/08/2022
- Share issue, 10000, 3.000 aandelen soort A; 7.000 aandelen soort B
- Permanent representative, Alain MICHIELS
- Mandate compensation, MICHIELS CONSTRUCT
- Registered office, 9820 Merelbeke, Poelstraat 137
- Power of attorney, MICHIELS CONSTRUCT
- Net-asset statement, 31/07/2022
State Gazette actNBB filing
4 of 4 acts read
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22381880). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 2
FABRIEKAGE
CurrentDirector · since 01-12-2022 · Private limited company · perm. rep.: Davy VAN DE WALLE
Quatra International
CurrentDirector · since 01-12-2022 · Private limited company · perm. rep.: Piet VAN POLLAERT
Day-to-day management 2
FABRIEKAGE
CurrentDay-to-day manager · since 01-12-2022 · Private limited company · perm. rep.: Davy VAN DE WALLE
MICHIELS CONSTRUCT
CurrentDay-to-day manager · since 01-12-2022 · Private limited company · perm. rep.: Alain MICHIELS
Permanent representatives 3
Alain MICHIELS
CurrentPermanent representative · since 01-12-2022 · for MICHIELS CONSTRUCT
Davy VAN DE WALLE
CurrentPermanent representative · since 01-12-2022 · for FABRIEKAGE
Piet VAN POLLAERT
CurrentPermanent representative · since 01-12-2022 · for Quatra International
Statutory auditor 1
Moore Audit
CurrentStatutory auditor · since 07-05-2024 · perm. rep.: Marc MARISSEN
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2022
Ground area
3,987 m²
Building footprint
488 m²
Volume, LiDAR
2,138 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Q-TEC
since 20222.338.678.908
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D0010/00M000 | Flanders | 2,120 m² | 1 · 159 m² | 4.5 m · 1 fl. |
| 46007A0726/00F000 | Flanders | 1,867 m² | 1 · 328 m² | 9.3 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.
Mandate history
4 people since 2022, 4 in office
- Board
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| FABRIEKAGE |
|
| Quatra International |
|
| MICHIELS CONSTRUCT |
|
| Moore Audit |
|
Articles of association
Purpose
Groot- en kleinhandel en onderhoud en herstellingswerken aan vrachtwagens, opleggers en bestelwagens ... inrichting en opbouw ... aan- en verkoop en verhuur van trailers ...…
Full purpose
Groot- en kleinhandel en onderhoud en herstellingswerken aan vrachtwagens, opleggers en bestelwagens ... inrichting en opbouw ... aan- en verkoop en verhuur van trailers ... goederenvervoer ... advies- en/of dienstverlening ... onroerend vermogen ... roerend vermogen ... beleggen ... leningen ...
Structure & network
Owners and holdings
1 ownerChain of control
- Q-DEVELOPMENTS
- Q-TEC
Highest known parent: Q-DEVELOPMENTS. The sources do not say who stands above it.
Owners 1
- Q-DEVELOPMENTSparent70%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Acquisitions and mergers
1 transactionReceived in a demerger part of:MICHIELS CONSTRUCT
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Of 338 companies in sector 46713 we hold annual accounts for 204. 156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46713Wholesale trade
77110Renting and leasing of cars and light motor vehicles
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794184926
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.