Qargo Tech
ActiveQargo Tech has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.19M and a net result of €423k. Equity is growing by ~49.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.16 in 2024), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 62
lower
← 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
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
70.2%
Return on assets
24.9%
Age of the figures
8 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 23-07-2026, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
8 d early
2024
77 d early
2023
23 d early
2022
89 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.88M
EBIT margin
25.2%
Net result
€423k▲ 109%
2024 · €202k
2022: €91k
2023: €426k
2024: €202k
2022 → 2025
Working capital
€846k▲ 89.1%
2024 · €447k
2022: €-81k
2023: €357k
2024: €447k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€1.88M
Equity€141k-€567k▲ 301%€769k▲ 35.7%€1.19M▲ 55.0%
Operating result€127k-€474k▲ 273%€292k▼ 38.4%€591k▲ 102%
Net result€91k-€426k▲ 365%€202k▼ 52.5%€423k▲ 109%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 102% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.70M
Fixed assets
€362k▲ 11.8%
Current assets
€1.34M▲ 60.6%
Equity and liabilities €1.70M
Equity
€1.19M▲ 55.0%
Debt
€507k▲ 31.0%
The debt ratio falls from 33.5% to 29.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€668k▲
2024 · €339k
Cash flow
€501k▲
2024 · €249k
Solvency
70.2%▲
2024 · 66.5%
Current ratio
2.72▲
2024 · 2.16
Quick ratio
2.72▲
2024 · 2.16
Debt / equity
0.43▼
2024 · 0.50
ROE
35.5%▲
2024 · 26.3%
ROA
24.9%▲
2024 · 17.5%
Interest coverage
746.74▲
2024 · 387.52
Debt
€507k▲
2024 · €387k
Debt ≤ 1 year
€492k▲
2024 · €386k
Income taxes
€166k▲
2024 · €89k
Staff costs
€4.27M▲
2024 · €2.39M
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€1.16M€1.70M▲
Fixed assets21/28€323k€362k▲
Tangible fixed assets22/27€283k€362k▲
Furniture and vehicles24€176k€269k▲
Other tangible fixed assets26€107k€92k▼
Financial fixed assets28€40k€0▼
Current assets29/58€833k€1.34M▲
Amounts receivable within one year40/41€582k€790k▲
Trade receivables40€299k€698k▲
Other amounts receivable41€283k€92k▼
Cash at bank and in hand54/58€185k€463k▲
Deferred charges and accrued income490/1€67k€85k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.70M▲
Equity10/15€769k€1.19M▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€719k€1.14M▲
Amounts payable17/49€387k€507k▲
Amounts payable within one year42/48€386k€492k▲
Trade debts44€70k€70k▼
Suppliers440/4€70k€70k▼
Taxes, remuneration and social security45€315k€422k▲
Taxes450/3€90k€11k▼
Remuneration and social security454/9€226k€411k▲
Accrued charges and deferred income492/3€1k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.39M€4.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€78k▲
Other operating charges640/8€12k€21k▲
Gross operating margin9900€2.74M€4.96M▲
Operating profit (loss)9901€292k€591k▲
Financial income75/76B€0€14▲
Recurring financial income75€0€14▲
Financial charges65/66B€874€895▲
Recurring financial charges65€874€895▲
Profit (loss) for the period before taxes9903€291k€590k▲
Income taxes67/77€89k€166k▲
Profit (loss) for the period9904€202k€423k▲
Profit (loss) for the period to be appropriated9905€202k€423k▲
Appropriation of the result
Profit (loss) to be appropriated9906€719k€1.14M▲
Profit (loss) brought forward from the previous period14P€517k€719k▲
Social balance
Average headcount (FTE)908728.052.0▲
The notes to these accounts (10 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.19M ▲55%
4 profitable years in a row build equity to €1.19M.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €426k ▲365%
Net result €426k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.37
Current ratio from 0.81 to 2.37; short-term debt falls from €426k to €261k.
31-12
Financial
Equity above €500kEq €567k ▲301%
2 profitable years in a row build equity to €567k.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial 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, Gent · 1 establishment unit since 2021
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.
Gaston Crommenlaan 49050 GentGround area
1.9 ha
Building footprint
8,006 m²
Parcel 44032A0472/00R003, Flanders. Linked by address, not a title deed.
1 establishment unit
Qargo Tech
since 20212.329.141.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 8,006 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 366,003 EUR awarded · 366,003 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -11,360 EUR | 65,625 EUR |
| 2024 | 1 | 378 EUR | 378 EUR |
| 2023 | 1 | 0 EUR | 300,000 EUR |
| 2022 | 1 | 376,985 EUR | 0 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 3,693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.qargo.io
E-mail:finance@qargo.io