QbD Group
ActiveQbD Group has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.64M and a net result of €-1.91M. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 1395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-17
Solvency53▼-19
Growth68=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k 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.
Credit advice for your own amount and term
Signals
Eight 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
28.4%
Return on assets
-9.6%
Age of the figures
9 mo
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-1.91M
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 filingsDeviation 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 →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€41.86M▲ 22.7%
2024 · €34.12M
2021: €16.30M
2022: €17.33M
2023: €20.51M
2024: €34.12M
2021 → 2025
EBIT margin
-3.9%▼ 4.2pp
2024 · 0.3%
2021: 17.7%
2022: 12.1%
2023: 11.0%
2024: 0.3%
2021 → 2025
Net result
€-1.91M▼ 1,537%
2024 · €-117k
2019: €2.11M
2020: €1.80M
2021: €1.94M
2022: €1.76M
2023: €1.54M
2024: €-117k
2019 → 2025
Working capital
€9.87M▲ 1.9%
2024 · €9.68M
2019: €2.78M
2020: €3.30M
2021: €5.05M
2022: €5.41M
2023: €5.43M
2024: €9.68M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.30M-€17.33M▲ 6.3%€20.51M▲ 18.3%€34.12M▲ 66.4%€41.86M▲ 22.7%
Equity€4.80M-€5.26M▲ 9.6%€5.30M▲ 0.8%€7.55M▲ 42.5%€5.64M▼ 25.3%
Operating result€2.89M-€2.10M▼ 27.3%€2.26M▲ 7.4%€86k▼ 96.2%€-1.64M
Net result€1.94M-€1.76M▼ 9.5%€1.54M▼ 12.2%€-117k€-1.91M▼ 1,537%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.64M after €86k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.86M
Fixed assets
€27k▲ 48.0%
Current assets
€19.83M▲ 22.7%
Equity and liabilities €19.86M
Equity
€5.64M▼ 25.3%
Debt
€14.22M▲ 64.7%
The debt ratio rises from 53.4% to 71.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.62M▼
2024 · €183k
Cash flow
€-1.90M▼
2024 · €-20k
Solvency
28.4%▼
2024 · 46.6%
Current ratio
1.99▼
2024 · 2.49
Quick ratio
1.99▼
2024 · 2.49
Debt / equity
2.52▲
2024 · 1.14
ROE
-33.9%▼
2024 · -1.5%
ROA
-9.6%▼
2024 · -0.7%
Interest coverage
-5.28▼
2024 · 0.75
Debt
€14.22M▲
2024 · €8.64M
Debt ≤ 1 year
€9.96M▲
2024 · €6.48M
Debt > 1 year
€1.06M▲
2024 · €98k
Income taxes
€45k▼
2024 · €248k
Staff costs
€14.95M▼
2024 · €16.55M
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€16.18M€19.86M▲
Fixed assets21/28€18k€27k▲
Tangible fixed assets22/27€14k€21k▲
Furniture and vehicles24€11k€20k▲
Other tangible fixed assets26€4k€1k▼
Financial fixed assets28€4k€6k▲
Other financial fixed assets284/8€4k€6k▲
Shares284€4k€0▼
Amounts receivable and cash guarantees285/8-€6k
Current assets29/58€16.17M€19.83M▲
Amounts receivable after more than one year29€53k€0▼
Other amounts receivable291€53k€0▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€15.02M€16.77M▲
Trade receivables40€6.00M€9.25M▲
Other amounts receivable41€9.02M€7.52M▼
Cash at bank and in hand54/58€46k€1.17M▲
Deferred charges and accrued income490/1€1.05M€1.89M▲
Equity and liabilities
Total equity and liabilities10/49€16.18M€19.86M▲
Equity10/15€7.55M€5.64M▼
Contributions10/11€292k€292k=
Capital10€292k€292k=
Issued capital100€292k€292k=
Reserves13€7.26M€5.34M▼
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€950k€24k▼
Distributable reserves133€6.28M€5.29M▼
Amounts payable17/49€8.64M€14.22M▲
Amounts payable after more than one year17€98k€1.06M▲
Financial debts170/4€98k€1.06M▲
Credit institutions173€98k€56k▼
Other loans174-€1.00M
Amounts payable within one year42/48€6.48M€9.96M▲
Current portion of amounts payable after more than one year42€41k€42k▲
Financial debts43€664k€3.56M▲
Credit institutions430/8€664k€3.56M▲
Trade debts44€2.84M€3.91M▲
Suppliers440/4€2.84M€3.91M▲
Taxes, remuneration and social security45€2.94M€1.98M▼
Taxes450/3€714k€585k▼
Remuneration and social security454/9€2.23M€1.40M▼
Other amounts payable47/48€0€470k▲
Accrued charges and deferred income492/3€2.06M€3.20M▲
Income statement
Code20242025
Operating income70/76A€35.87M€43.62M▲
Turnover70€34.12M€41.86M▲
Other operating income74€1.75M€1.73M▼
Non-recurring operating income76A€0€27k▲
Operating charges60/66A€35.78M€45.25M▲
Goods for resale, raw materials and consumables60€8.62M€8.68M▲
Purchases600/8€8.62M€8.68M▲
Services and other goods61€10.39M€21.66M▲
Remuneration, social security and pensions62€16.55M€14.95M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€109k€-60k▼
Other operating charges640/8€8k€3k▼
Non-recurring operating charges66A€12k€4k▼
Operating profit (loss)9901€86k€-1.64M▼
Financial income75/76B€366k€184k▼
Recurring financial income75€366k€184k▼
Income from current assets751€333k€162k▼
Other financial income752/9€33k€22k▼
Financial charges65/66B€321k€415k▲
Recurring financial charges65€301k€415k▲
Debt charges650€243k€307k▲
Other financial charges652/9€58k€109k▲
Non-recurring financial charges66B€20k€0▼
Profit (loss) for the period before taxes9903€132k€-1.87M▼
Income taxes67/77€248k€45k▼
Taxes670/3€305k€45k▼
Tax adjustments and reversals of tax provisions77€56k€0▼
Profit (loss) for the period9904€-117k€-1.91M▼
Transfer from tax-exempt reserves789€606k€926k▲
Profit (loss) for the period to be appropriated9905€489k€-986k▼
Appropriation of the result
Profit (loss) to be appropriated9906€515k€-986k▼
Profit (loss) brought forward from the previous period14P€26k€0▼
Transfer from equity791/2-€986k
From reserves792-€986k
Transfer to equity691/2€515k€0▼
To the legal reserve6920€11k€0▼
To other reserves6921€504k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087222.0178.6▼
The notes to these accounts (74 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 · full schema
13-02
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect7 facts ▸
- General meeting, 2025-12-31
- Merger, simplified, 2026-01-01
- Accounting effect, 2026-01-01
- Capital increase, €18.600
- Capital, €310.569
- Dissolution, 2026-01-01
- Power of attorney, Bofidi Accountants
2025
31-12
Financial
Weakest financial yearnet €-1.91M
Net result drops to €-1.91M, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5MEq €5.26M ▲9.6%
4 profitable years in a row build equity to €5.26M.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-10-2021
ACKIE: Resigned as Director
01-04-2014
Bart Van Acker: Resigned as Director
01-04-2014
Bart Van Acker: Resigned as Managing director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
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.
Groenenborgerlaan 162610 AntwerpenGround area
1.2 ha
Building footprint
2,079 m²
Volume, LiDAR
25,097 m³
Parcel 11051B0061/00M004, Flanders · tallest building 20.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
QbD Group
since 20112.208.387.122
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0061/00M004 | Flanders | 1.2 ha | 1 · 2,078 m² | 20.9 m · 5 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.
Structure & network
Connections & network
12 connected companiesNetwork connections
Shared address
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Show 8 more network connections
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Shared address
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Acquisitions and mergers
1 transactionTook over:Turnstone Communications
Group per the LEI register
1 parent companyParent company:Quality for You
Capital and shareholders
Capital increase of 18,600 EUR · no new shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 188,127 EUR awarded · 157,907 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 5,906 EUR | 42,906 EUR |
| 2024 | 3 | 4,516 EUR | 42,046 EUR |
| 2023 | 4 | 14,368 EUR | 56,405 EUR |
| 2022 | 4 | 163,337 EUR | 16,550 EUR |
Schemes
Innovatieprojecten in de context van een speerpuntcluster
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
8945007LGIV9POIIKQ34
Similar companies · same sector, comparable size
VELIA
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DAVINSI LABS
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CONCENTRA COMPUTER CENTER
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TotalEnergies Global Information Technology Services Belgium
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 1,679 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-08-2011
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
62900Other information technology and computer services
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.