Skip to content

QbD Group

Active
Public limited companyfounded 201115 yrs activeGroenenborgerlaan 16, 2610 Antwerpen, BelgiumKBO/BCE: BE 0838.540.254
Summary

QbD Group has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of -€1.9m. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 1541 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
QbD GroupActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Computer consultancy and computer facilities management
NACE 62200IT consultancy NACE 62020NACE 74909
#3 employer in Antwerp, Telecoms and IT sector1 site
Size
€41.9mturnover 2025
Staff
178.6 FTE
Equity
€5.6m
Loss
-€1.9m
Financial health
82 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Parent
QbD Growth · 100%
Accounts 8 d early1 of 19 deeds read
Why 82- Loss of €1.9m, the second in a row (FY 2025)+ Sector Computer programming, consultancy and related activities (NACE 62)+ Legal form Public limited company+ Figures for FY 2025 (filed 23-07-2026)Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Better than 33% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 53-19
equity 28.4% of total assets
Liquidity 32=
short-term debt 50.2% · cash 5.9%
Profitability 6-17
return on assets -9.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (209 companies)
Last 16 months 07-2025: 0.3% 08-2025: 0.2%▼ -36.8% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.8% vs 01-2026lowest value 03-2026: 0.2%▲ +2.4% vs 02-2026 04-2026: 0.2%▲ +8.6% vs 03-2026 05-2026: 0.2%▲ +3.1% vs 04-2026 06-2026: 0.2%▲ +2.6% vs 05-2026 07-2026: 0.3%▲ +9.1% vs 06-2026 08-2026: 0.4%▲ +38.8% vs 07-2026highest value 09-2026: 0.4%● 0.0% vs 08-2026highest value 10-2026: 0.4%● 0.0% vs 09-2026highest value
  • Loss of €1.9m, the second in a row (FY 2025) raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Legal form Public limited company lowers the probability
  • Figures for FY 2025 (filed 23-07-2026) lowers the probability
Credit up to €460,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 2.49 in 2024; short-term debt: 50.2% and cash: 5.9% of total assets), but 71.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 39%, liquidity 35%, profitability 8%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €1.9m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Figures for FY 2025 (filed 23-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.9m
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 · 10 filings
Deviation from the deadline
2025
8 d early
2024
15 d early
2023
7 d early
2022
24 d early
2021
61 d late
2020
1 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

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. Usually files around 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Capital & shares · RestructuringMerger · Accounting effect ·…
  3. Weakest financial yearnet -€1.9m

Key points

  • Caution: Result fell in 2025from -€116,824 to -€1.9m ▼ 1,537% View
  • Caution: Among the weakest 5% on net resultsector median €37,259 · 1,541 companies -€1.9m View
  • Positive: 4 years of growth in a rowturnover 2025: €41.9m 4 years View
  • Controlled by QbD Growthultimately: Quality for You 100% View
  • Merger with Turnstone Communicationsmerger on 01-01-2026 2026 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Flemish supportawarded 2022 - 2025 €188,127 View

By topic

Financials

Fiscal year
2025
Turnover
€41.9m
Loss
-€1.9m
Solvency
28.4%
Turnover▲ 22.7%
Net result
20212025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-07-2027
  1. 23-07-2026Annual accounts filed
  2. 13-02-2026Capital & shares · Restructuring
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer consultancy and computer facilities managementNACE 62200
Founded
17-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure