Result
-€1.9m ▼ 1,537%
The result fell in 2025: merger with HEALTHTOMARKET.
QbD Group
Lifetime
13 annual accounts with figures on one time axispeak €41.9m (2025)
€41.9m▲ 22.7%
lowest -€1.9m (2025)
-€1.9m▼ €1.8m
peak €7.5m (2024)
€5.6m▼ 25.3%
€14.2m▲ 64.7%
peak 222 FTE (2024)
178.6 FTE▼ 19.5%
Board4 names since 2011
2 directorsAKWAABA CONSULTING GROUP and 1 other
Owners3 names in the annual accounts
100%QbD Growth and 1 other
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Turnover from €34.1m to €41.9mLoss of €1.9mStaff from 222 FTE to 178.6 FTEMerger proposal: QbD Group takes over Turnstone Communication… 24-10Reappointment: VGD Bedrijfsrevisoren (statutory auditor) 19-05Company renamed from QbD Flanders to QbD Group 17-01
Key points
from the 2025 annual accountsDebts
€14.2m ▲ 64.7%
Debts rose by €5.6m in 2025.
Staff
179 employees on 31-12-2025
In 2025, 42 people joined and 67 left.
At the same address
15 companies
Restructuring
5
5 restructurings since 2024. Latest: merger with Turnstone Communications BV.
Position in the sector
-€1.9m
Lower net result than 95% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.
Checked score
82
Excellent
Financially stronger than 34% of medium-sized companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €1.9m, the second in a row (financial year 2025)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Legal form: public limited company
Figures for financial year 2025 (filed on 23-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized). It does better than 42% of them on solvency, 37% on liquidity, 8% on profitability and 49% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 120 companies had the same profile as QbD Group has now. Each dot is one company, two years later.
95.0%
were still trading
5.0%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of QbD Group itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 120 companies, not a prediction for QbD Group. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €460,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.99 (2.49 in 2024), above the usual 1.5. Short-term debt is 50.2% and cash 5.9% of total assets. However, 71.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€1.9m
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 filingsDeviation from the deadline
2025
8 days early
2024
15 days early
2023
7 days early
2022
24 days early
2021
61 days late
2020
1 day early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- QbD Growth 100%equity €98.9m (2025) · 2025 annual accounts of QbD Growth
- Quality for You consolidatedequity €98.7m (2025) · LEI register
Recent changes
Merger: QbD Group takes over Turnstone Communications
Capital increase of €18,600 · Capital from 291969.00 to 310569.00 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838540254
Merger proposal: QbD Group takes over Turnstone Communications BV
Permanent representatives: VAN ACKER Bart Jeanne Freddy and RENIERS Martijn Louis · Appointment: VGD Bedrijfsrevisoren (statutory auditor) · QbD Growth BV holds all the shares · Gazette deed
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)
Gazette deed
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as QbD Group: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €18m and €35m, founded between 2003 and 2015.
Official details
Source: KBO- Status
- Active since 17-08-2011Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.208.387.1222610 Antwerp, since 17-08-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €19.9m▲ 22.7%
- Employeeson 31-12-2025
- 179▼ 12.3%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on QbD Group
QbD Group has existed since 2011. Turnover grew from €2.3m in 2013 to €41.9m in 2025 and staff from 11.2 to 178.6 full-time equivalents.
Turnover has grown every year since 2021. Solvency fell in 2025 from 46.6% to 28.4% because of the loss.
QbD Growth holds all the shares. In October 2022, the Official Gazette published the appointment of Quality for You as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about QbD Group
- What is the company number of QbD Group?
- The company number of QbD Group is 0838.540.254. The VAT number is the same number with BE in front: BE 0838.540.254.
- Where is QbD Group based?
- The registered office is at Groenenborgerlaan 16, 2610 Antwerp.Company details
- What does QbD Group do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of QbD Group?
- QbD Group is a public limited company (NV).
- When was QbD Group founded?
- QbD Group was founded on 17-08-2011.
- Is QbD Group still active?
- Yes, QbD Group is an active enterprise in the KBO register.
- How many employees does QbD Group have?
- QbD Group had an average of 178.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does QbD Group fall under?
- In its 2022 annual accounts, QbD Group states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of QbD Group?
- The turnover of QbD Group was €41.9m in financial year 2025, according to the filed annual accounts.
- Is QbD Group profitable?
- In financial year 2025, QbD Group made a loss of €1.9m.
- Where can I find the annual accounts of QbD Group?
- QbD Group filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of QbD Group due?
- QbD Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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