Q-TRADE M
Open bankruptcyA bankruptcy procedure is open for Q-TRADE M according to publications in the Belgian State Gazette; curator: LUC PLESSERS. The 2025 annual accounts show negative equity (€-858k) and a net result of €-33k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-858k
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
on the day
2023
30 d late
2022
4 d early
2021
135 d late
2020
54 d late
2019
4 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-858k▼ 4.0%
2024 · €-825k
2018: €56k
2019: €37k
2020: €126k
2021: €-780k
2022: €-752k
2023: €-720k
2024: €-825k
2018 → 2025
Total assets
€213k▼ 62.3%
2024 · €566k
2018: €382k
2019: €482k
2020: €783k
2021: €826k
2022: €1.22M
2023: €905k
2024: €566k
2018 → 2025
Net result
€-33k▲ 68.4%
2024 · €-105k
2018: €43k
2019: €-32k
2020: €90k
2021: €-906k
2022: €27k
2023: €32k
2024: €-105k
2018 → 2025
Working capital
€-841k▼ 8.0%
2024 · €-779k
2018: €47k
2019: €51k
2020: €26k
2021: €-939k
2022: €-683k
2023: €-701k
2024: €-779k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-780k-€-752k▲ 3.5%€-720k▲ 4.3%€-825k▼ 14.5%€-858k▼ 4.0%
Operating result€-899k-€100k€100k▲ 0.8%€-102k€-30k▲ 70.9%
Net result€-906k-€27k€32k▲ 18.7%€-105k€-33k▲ 68.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €102k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-30k▼
2024 · €-29k
Cash flow
€-33k▼
2024 · €-31k
Solvency
-402.0%▼
2024 · -145.8%
Current ratio
0.20▼
2024 · 0.39
Quick ratio
0.20▼
2024 · 0.39
Debt / equity
-1.25▲
2024 · -1.69
ROA
-15.5%▲
2024 · -18.5%
Interest coverage
-17.46▼
2024 · -10.80
Debt
€1.07M▼
2024 · €1.39M
Debt ≤ 1 year
€1.05M▼
2024 · €1.27M
Debt > 1 year
€17k▼
2024 · €117k
Income taxes
€2k▲
2024 · €0
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€566k€213k▼
Fixed assets21/28€71k€0▼
Tangible fixed assets22/27€69k€0▼
Furniture and vehicles24€21k€0▼
Leasing and similar rights25€48k€0▼
Financial fixed assets28€2k€0▼
Current assets29/58€494k€213k▼
Amounts receivable within one year40/41€492k€213k▼
Trade receivables40€299k€184k▼
Other amounts receivable41€193k€30k▼
Cash at bank and in hand54/58€376€0▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€566k€213k▼
Equity10/15€-825k€-858k▼
Contributions10/11€19k€19k=
Reserves13€28k€28k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€-871k€-904k▼
Amounts payable17/49€1.39M€1.07M▼
Amounts payable after more than one year17€117k€17k▼
Financial debts170/4€117k€17k▼
Amounts payable within one year42/48€1.27M€1.05M▼
Current portion of amounts payable after more than one year42€84k€82k▼
Financial debts43-€162
Credit institutions430/8-€162
Trade debts44€116k€73k▼
Suppliers440/4€116k€73k▼
Other amounts payable47/48€1.07M€899k▼
Income statement
Code20242025
Non-recurring operating income76A-€28k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€84k
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-25k€60k▲
Operating profit (loss)9901€-102k€-30k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-105k€-31k▲
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€-105k€-33k▲
Profit (loss) for the period to be appropriated9905€-105k€-33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-871k€-904k▼
Profit (loss) brought forward from the previous period14P€-767k€-871k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · Q-TRADE M BV KOEK- HOVEN 38/1, 2330 MERKSPLAS · event 07-07-2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 135 days late
2021
31-12
Financial
Weakest financial yearnet €-906k ▼1109%
Net result drops to €-906k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 54 days late
2020
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
31-12
Financial
Equity above €100kEq €126k ▲245%
Equity rises from €37k to €126k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial 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, Merksplas · 1 establishment unit since 2001
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.
Koekhoven 382330 MerksplasGround area
1,826 m²
Building footprint
254 m²
Volume, LiDAR
1,366 m³
Parcel 13023C0084/00X006, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koekhoven 38, 2330 Merksplas
since 20012.100.184.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023C0084/00X006 | Flanders | 1,826 m² | 1 · 254 m² | 8.4 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUC PLESSERS DE MERODELEI 37, 2300 TURNHOUT- |
07-07-2026 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 674 EUR awarded · 674 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 674 EUR | 674 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 6,391 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2001
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
47271Retail trade
47291Retail trade
77120Rental and leasing activities
77310Rental and leasing activities
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.