QAP
ActiveSummary
The annual accounts of QAP for fiscal year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €27k and a net result of €-34k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 17090 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-63
Solvency32▼-6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.68 against 0.86 in 2024; short-term debt: 18.8% and cash: 0% of total assets), and 92.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.5%
Return on assets
-9.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 13%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
63 d early
2024
8 d early
2023
9 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€27k▼ 55.9%
2024 · €61k
Total assets
€359k▼ 21.0%
2024 · €455k
Net result
€-34k
2024 · €38k
Working capital
€-22k▼ 20.0%
2024 · €-18k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€27k-€46k▲ 68.1%€-14k
Net result€20k-€38k▲ 87.4%€-34k
Equity€23k-€61k▲ 163%€27k▼ 55.9%
Total assets€39k-€455k▲ 1,060%€359k▼ 21.0%
Debt€16k-€394k▲ 2,349%€333k▼ 15.6%
Working capital€3k-€-18k€-22k▼ 20.0%
Staff (FTE)1.32.8▲ 115%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €46k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359k
Fixed assets
€314k ▼ 8.4%
Current assets
€46k ▼ 59.2%
Equity and liabilities €359k
Equity
€27k ▼ 55.9%
Debt
€333k ▼ 15.6%
Debt's share of the balance-sheet total rises from 86.6% to 92.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €55k
Cash flow
€112▼
2024 · €47k
Current ratio
0.68▼
2024 · 0.86
Debt to equity
12.38▲
2024 · 6.47
ROE
-126.7%▼
2024 · 62.0%
ROA
-9.5%▼
2024 · 8.3%
Interest coverage
1.03▼
2024 · 8.97
Debt ≤ 1 year
€68k▼
2024 · €131k
Debt > 1 year
€264k▲
2024 · €263k
Income taxes
€474▼
2024 · €2k
Staff costs
€134k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €57k | €134k | ▲ 134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €9k | €34k | ▲ 287% |
| Other operating charges640/8 | €31 | - | €236 | - |
| Gross operating margin9900 | €30k | €112k | €154k | ▲ 37.1% |
| Operating profit (loss)9901 | €27k | €46k | €-14k | ▼ 131% |
| Financial income75/76B | €10 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €10 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €181 | €6k | €19k | ▲ 213% |
| Recurring financial charges65 | €181 | €6k | €19k | ▲ 213% |
| Profit (loss) for the period before taxes9903 | €27k | €40k | €-34k | ▼ 184% |
| Income taxes67/77 | €7k | €2k | €474 | ▼ 78.1% |
| Profit (loss) for the period9904 | €20k | €38k | €-34k | ▼ 190% |
| Profit (loss) for the period to be appropriated9905 | €20k | €38k | €-34k | ▼ 190% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39k | €455k | €359k | ▼ 21.0% |
| Fixed assets21/28 | €20k | €342k | €314k | ▼ 8.4% |
| Intangible fixed assets21 | - | €15k | €12k | ▼ 21.8% |
| Tangible fixed assets22/27 | €20k | €327k | €302k | ▼ 7.8% |
| Land and buildings22 | - | €311k | €285k | ▼ 8.3% |
| Furniture and vehicles24 | €20k | €16k | €16k | ▲ 0.9% |
| Current assets29/58 | €20k | €112k | €46k | ▼ 59.2% |
| Amounts receivable within one year40/41 | €9k | €104k | €35k | ▼ 66.1% |
| Trade receivables40 | €9k | €45k | €35k | ▼ 21.5% |
| Other amounts receivable41 | - | €59k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €10k | €613 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €627 | €8k | €11k | ▲ 39.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39k | €455k | €359k | ▼ 21.0% |
| Equity10/15 | €23k | €61k | €27k | ▼ 55.9% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €20k | €58k | €24k | ▼ 58.8% |
| Amounts payable17/49 | €16k | €394k | €333k | ▼ 15.6% |
| Amounts payable after more than one year17 | - | €263k | €264k | ▲ 0.2% |
| Financial debts170/4 | - | €263k | €253k | ▼ 3.8% |
| Other amounts payable178/9 | - | - | €10k | - |
| Amounts payable within one year42/48 | €16k | €131k | €68k | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | ▲ 3.5% |
| Financial debts43 | - | €62k | €7k | ▼ 88.2% |
| Credit institutions430/8 | - | €62k | €7k | ▼ 88.2% |
| Trade debts44 | €2k | €19k | €8k | ▼ 59.8% |
| Suppliers440/4 | €2k | €19k | €8k | ▼ 59.8% |
| Taxes, remuneration and social security45 | €11k | €25k | €43k | ▲ 70.5% |
| Taxes450/3 | €11k | €11k | €13k | ▲ 19.6% |
| Remuneration and social security454/9 | - | €14k | €30k | ▲ 108% |
| Other amounts payable47/48 | €3k | €15k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €82 | €1k | ▲ 1,139% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €38k | €-34k | ▼ 190% |
| + Depreciation and write-downs630 | €2k | €9k | €34k | ▲ 287% |
| Operating cash flow (approximation) | €22k | €47k | €112 | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | €-332k | €-5k | ▲ 98.4% |
| Change in cash | - | €-10k | €-613 | ▲ 93.7% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €38k ▲87.4%
Operating result €46k, net result €38k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Blégny · 2 establishment units since 2022
Ground area
936 m²
Building footprint
141 m²
Volume, LiDAR
763 m³
Parcel 62094A0546/00H000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
QAP
since 20222.336.648.638
QAP
since 20242.367.557.588
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62094A0546/00H000 | Wallonia | 936 m² | 1 · 141 m² | 7.7 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 14,013 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
Founded01-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
62100Computer programming
Contact
E-mail
info@qualityap.beBlégny
Scores and ratios are computed by Checked and are not a credit decision.