Q4B
ActiveSummary
Q4B has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €69k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency59▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.94 in 2024; short-term debt: 55.4% and cash: 69.2% of total assets), but 66% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
34%
Return on assets
21.3%
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 17-03-2026, 136 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
136 d early
2024
69 d early
2023
34 d early
2022
19 d early
2021
31 d early
2020
8 d early
2019
34 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€111k=
2024 · €111k
2019: €5klowest in 7 years
2020: €38k▲ +652% vs 2019
2021: €86k▲ +125% vs 2020
2022: €111k▲ +29.2% vs 2021highest in 7 years
2023: €111k● 0.0% vs 2022highest in 7 years
2024: €111k▼ -0.1% vs 2023
2025: €111k● 0.0% vs 2024
2019 → 2025
Total assets
€325k▲ 41.2%
2024 · €230k
2019: €194k
2020: €250k▲ +29.0% vs 2019
2021: €327k▲ +30.5% vs 2020highest in 7 years
2022: €167k▼ -48.9% vs 2021lowest in 7 years
2023: €235k▲ +40.6% vs 2022
2024: €230k▼ -1.9% vs 2023
2025: €325k▲ +41.2% vs 2024
2019 → 2025
Net result
€69k▼ 10.8%
2024 · €78k
2019: €34k
2020: €33k▼ -4.0% vs 2019
2021: €49k▲ +48.7% vs 2020
2022: €28k▼ -42.6% vs 2021lowest in 7 years
2023: €99k▲ +252% vs 2022highest in 7 years
2024: €78k▼ -21.6% vs 2023
2025: €69k▼ -10.8% vs 2024
2019 → 2025
Working capital
€141k▲ 30.2%
2024 · €108k
2019: €89k
2020: €128k▲ +42.6% vs 2019
2021: €177k▲ +38.9% vs 2020highest in 7 years
2022: €28k▼ -84.3% vs 2021lowest in 7 years
2023: €103k▲ +271% vs 2022
2024: €108k▲ +5.2% vs 2023
2025: €141k▲ +30.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€111k▲ 29.2%€111k=€111k▼ 0.1%€111k=
2021: €86klowest in 5 years
2022: €111k▲ +29.2% vs 2021highest in 5 years
2023: €111k● 0.0% vs 2022highest in 5 years
2024: €111k▼ -0.1% vs 2023
2025: €111k● 0.0% vs 2024
Operating result€77k-€43k▼ 43.9%€134k▲ 209%€107k▼ 20.2%€96k▼ 10.0%
2021: €77k
2022: €43k▼ -43.9% vs 2021lowest in 5 years
2023: €134k▲ +209% vs 2022highest in 5 years
2024: €107k▼ -20.2% vs 2023
2025: €96k▼ -10.0% vs 2024
Net result€49k-€28k▼ 42.6%€99k▲ 252%€78k▼ 21.6%€69k▼ 10.8%
2021: €49k
2022: €28k▼ -42.6% vs 2021lowest in 5 years
2023: €99k▲ +252% vs 2022highest in 5 years
2024: €78k▼ -21.6% vs 2023
2025: €69k▼ -10.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€4k ▼ 35.8%
Current assets
€321k ▲ 43.4%
Equity and liabilities €325k
Equity
€111k =
Debt
€215k ▲ 79.1%
Debt's share of the balance-sheet total rises from 52.0% to 66.0%. Debt is higher.
Key figures and ratios
EBITDA
€98k▼
2024 · €109k
Cash flow
€72k▼
2024 · €80k
Current ratio
1.78▼
2024 · 1.94
Debt to equity
1.94▲
2024 · 1.08
ROE
62.7%▼
2024 · 70.3%
ROA
21.3%▼
2024 · 33.7%
Interest coverage
33.15▼
2024 · 73.76
Debt ≤ 1 year
€180k▲
2024 · €116k
Income taxes
€24k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€230k€325k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€224k€321k▲
Amounts receivable within one year40/41€116k€94k▼
Trade receivables40€109k€32k▼
Other amounts receivable41€8k€62k▲
Cash at bank and in hand54/58€106k€225k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€230k€325k▲
Equity10/15€111k€111k=
Contributions10/11€19k€19k=
Reserves13€92k€92k=
Distributable reserves133€92k€92k=
Amounts payable17/49€120k€215k▲
Amounts payable within one year42/48€116k€180k▲
Trade debts44€14k€1k▼
Suppliers440/4€14k€1k▼
Taxes, remuneration and social security45€23k€13k▼
Taxes450/3€23k€13k▼
Other amounts payable47/48€79k€166k▲
Accrued charges and deferred income492/3€4k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€112k€101k▼
Operating profit (loss)9901€107k€96k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€105k€93k▼
Income taxes67/77€28k€24k▼
Profit (loss) for the period9904€78k€69k▼
Transfer from tax-exempt reserves789€127-
Profit (loss) for the period to be appropriated9905€78k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€69k▼
Profit to be distributed694/7€78k€69k▼
Return on contributions (dividend)694€78k€69k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €102k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €2k | €2k | €2k | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | - | - | - | - |
| Other operating charges640/8 | €2k | €3k | €9k | €3k | €3k | ▲ 0.4% |
| Non-recurring operating charges66A | €421 | - | - | - | - | - |
| Gross operating margin9900 | €86k | €49k | €146k | €112k | €101k | ▼ 9.6% |
| Operating profit (loss)9901 | €77k | €43k | €134k | €107k | €96k | ▼ 10.0% |
| Financial income75/76B | - | €1 | - | €1 | - | - |
| Recurring financial income75 | - | €1 | - | €1 | - | - |
| Financial charges65/66B | €5k | €916 | €815 | €1k | €3k | ▲ 101% |
| Recurring financial charges65 | €5k | €916 | €815 | €1k | €3k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €73k | €42k | €133k | €105k | €93k | ▼ 11.5% |
| Income taxes67/77 | €24k | €14k | €34k | €28k | €24k | ▼ 13.5% |
| Profit (loss) for the period9904 | €49k | €28k | €99k | €78k | €69k | ▼ 10.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €127 | - | - |
| Profit (loss) for the period to be appropriated9905 | €49k | €28k | €99k | €78k | €69k | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327k | €167k | €235k | €230k | €325k | ▲ 41.2% |
| Fixed assets21/28 | €83k | €84k | €8k | €6k | €4k | ▼ 35.8% |
| Tangible fixed assets22/27 | €83k | €84k | €8k | €6k | €4k | ▼ 35.8% |
| Furniture and vehicles24 | €3k | €4k | €4k | €3k | €2k | ▼ 43.4% |
| Other tangible fixed assets26 | €80k | €80k | €4k | €3k | €2k | ▼ 28.8% |
| Current assets29/58 | €244k | €83k | €227k | €224k | €321k | ▲ 43.4% |
| Amounts receivable within one year40/41 | €50k | €42k | €39k | €116k | €94k | ▼ 19.3% |
| Trade receivables40 | €49k | €33k | €36k | €109k | €32k | ▼ 70.6% |
| Other amounts receivable41 | €703 | €8k | €3k | €8k | €62k | ▲ 715% |
| Cash at bank and in hand54/58 | €193k | €41k | €186k | €106k | €225k | ▲ 113% |
| Deferred charges and accrued income490/1 | €724 | €282 | €1k | €2k | €2k | ▲ 28.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327k | €167k | €235k | €230k | €325k | ▲ 41.2% |
| Equity10/15 | €86k | €111k | €111k | €111k | €111k | = |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €67k | €92k | €92k | €92k | €92k | = |
| Tax-exempt reserves132 | €127 | €127 | €127 | - | - | - |
| Distributable reserves133 | €67k | €92k | €92k | €92k | €92k | = |
| Amounts payable17/49 | €241k | €56k | €124k | €120k | €215k | ▲ 79.1% |
| Amounts payable after more than one year17 | €170k | - | - | - | - | - |
| Financial debts170/4 | €170k | - | - | - | - | - |
| Amounts payable within one year42/48 | €66k | €56k | €124k | €116k | €180k | ▲ 55.8% |
| Trade debts44 | €2k | €9k | €5k | €14k | €1k | ▼ 90.8% |
| Suppliers440/4 | €2k | €9k | €5k | €14k | €1k | ▼ 90.8% |
| Taxes, remuneration and social security45 | €35k | €35k | €27k | €23k | €13k | ▼ 42.9% |
| Taxes450/3 | €35k | €35k | €27k | €23k | €13k | ▼ 42.9% |
| Other amounts payable47/48 | €29k | €12k | €91k | €79k | €166k | ▲ 111% |
| Accrued charges and deferred income492/3 | €5k | €728 | €516 | €4k | €35k | ▲ 711% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €28k | €99k | €78k | €69k | ▼ 10.8% |
| + Depreciation and write-downs630 | €5k | €3k | €2k | €2k | €2k | ▼ 3.4% |
| Operating cash flow (approximation) | €54k | €31k | €101k | €80k | €72k | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €-4k | €73k | €-638 | €0 | ▲ 100% |
| Change in cash | - | €-152k | €145k | €-80k | €119k | ▲ 249% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €99k ▲252%
Operating result €134k, net result €99k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €28k ▼42.6%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €111k ▲29.2%
4 profitable years in a row build equity to €111k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Zedelgem · 1 establishment unit since 2017
Ground area
413 m²
Building footprint
104 m²
Volume, LiDAR
653 m³
Parcel 31001B1356/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Inkasu Consulting
since 20172.268.324.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001B1356/00K000 | Flanders | 413 m² | 1 · 104 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 97,357 EUR awarded · 40,464 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 37,929 EUR |
| 2024 | 2 | 95,107 EUR | 285 EUR |
| 2022 | 1 | 2,250 EUR | 2,250 EUR |
Schemes
Programma Circulaire Economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6488467O66Y9ZLNR0Z40
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,762 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
Founded12-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.