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QbD Growth

Active
Groenenborgerlaan 16 ·2610 Antwerpen, Belgium
KBO/BCE: BE 0795.392.179
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Age3 yrs
Staff (FTE)31.6
Connections1
Real estate1 parcel · 1.2 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of QbD Growth is 0.4% (very low). The 2024 annual accounts show equity of €98.56M and a net result of €-274k. Its solvency ranks better than 84% of 972 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 84% of 972 peers (2024). A comfortable equity buffer.
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 31-07-2025 on the day 2025-00355037
31-12-2023 31-07-2024 25-07-2024 6 d early 2024-00288208

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€11.06M+20.7%
EBIT margin1.1%+0.2pp
Net result€-274k
Working capital€-12.45M-15.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · volledig
€-5.00M€0€5.00M€10.00MRevenue 2023: €9.17M€9.17MOperating result 2023: €83k€83kNet result 2023: €1.46M€1.46MRevenue 2024: €11.06M€11.06MOperating result 2024: €120k€120kNet result 2024: €-274k€-274k20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 81.4% 39.7%
better than 84% of 972 sector peers
Net result €-274k €32k
better than 7% of 972 sector peers
Equity €98.56M €152k
better than 95% of 973 sector peers
Staff costs €3.02M €191k
higher than 91% of 257 sector peers
Employees (FTE) 31.6 1.9
better than 93% of 277 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€11.06M
+20.7% 23-24
EBITDA
€946k
+28.7% 23-24
Net profit
€-274k
- 23-24
Cash flow
€552k
-73.9% 23-24
Total assets
€121.05M
-2.3% 23-24
Equity
€98.56M
+0.2% 23-24
Working capital
€-12.45M
-15.3% 23-24
Employees (FTE)
32
+16.2% 23-24
Staff costs
€3.02M
+17.6% 23-24
Income taxes
€6k
-15.0% 23-24
Debt
€22.49M
-12.1% 23-24
Debt ≤ 1y
€15.62M
-0.9% 23-24
Debt > 1y
€6.85M
-30.1% 23-24
Current ratio
0.20
-35.6% 23-24
Quick ratio
0.20
-35.6% 23-24
Solvency
81.4%
+2.6% 23-24
Debt / equity
0.23
-12.2% 23-24
ROE
-0.3%
- 23-24
ROA
-0.2%
- 23-24
Net margin
-2.5%
- 23-24
EBITDA margin
8.6%
+6.6% 23-24
Interest coverage
1.20
-25.2% 23-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue€11.06M
EBITDA€946k
Net profit€-274k
Cash flow€552k
Staff costs€3.02M
Income taxes€6k
Dividends-
Total assets€121.05M
Equity€98.56M
Debt€22.49M
of which ≤ 1y€15.62M
of which > 1y€6.85M
Working capital€-12.45M
Employees (FTE)31.6
Ratios (computed)
2024
Current ratio0.20
Quick ratio0.20
Working capital ratio-10.3%
Solvency81.4%
Debt / equity0.23
Long-term debt ratio0.07
Interest coverage1.20
Gross margin74.2%
Net margin-2.5%
ROA-0.2%
ROE-0.3%
EBITDA margin8.6%
Days sales outstanding39d
Days payable outstanding163d
Inventory turnover-
Days inventory (DSI)0d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€121.05M
Fixed assets 21/28€117.88M
Intangible fixed assets 21€487k
Tangible fixed assets 22/27€1.58M
Financial fixed assets 28€115.82M
Current assets 29/58€3.17M
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€2.62M
Cash & bank 54/58€73k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€121.05M
Equity 10/15€98.56M
Contributions / capital 10/11€97.37M
Reserves 13€1.19M
Amounts payable 17/49€22.49M
Amounts payable after one year 17€6.85M
Amounts payable within one year 42/48€15.62M
Trade debts payable within one year 44€1.27M
Income statement
Turnover 70€11.06M
Operating result 9901€120k
Financial income 75€842k
Financial charges 65€832k
Result before taxes 9903€-268k
Income taxes 67/77€6k
Net result for the period 9904€-274k
Result to be appropriated 9905€-274k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
27 / 100 Weak
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company
Group structure
SIMABS
We sit on their board · 2 locations
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party
QbD GrowthBE 0795.392.179
controls
Where this company holds controlthis company sits on their board1
SIMABS
2 locations

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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 Antwerpen

Establishment units

1 location
QbD Growth
Groenenborgerlaan 16, 2610 AntwerpenHoldings
since 20222.340.026.119
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint2,079 m²
Volume (LiDAR)25,097 m³
Tallest building20.9 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts
Capital history · 2
06-01-2025
Capital change
23-02-2024
Capital change
All acts · 3 updated 1 year ago
2025
06-01-2025 Restructuring of share classes Capital & shares·Lars HANSEN
Notary: Lars HANSEN · AntwerpenFirm: Deckers notarissen
2024
17-04-2024 2 directors appointed Director changes
  • VGD Bedrijfsrevisoren, Commissaris
  • Maarten Lindemans, Vaste vertegenwoordiger
23-02-2024 Capital increase of €450,000 to €450,000 Capital & shares·Harold DECKERS
  • Inbreng in geld · Apport en numéraire
Notary: Harold DECKERS · AntwerpenFirm: Deckers notarissen

Analysis

Snowflake analysis

financial profile on 5 axes
Health27Profitability19Solvency67Growth68Stability94
55 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 27
Profitability 19
Solvency 67
Growth 68
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 15,318 of the 81,985 companies in this sector. 179 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL QbD Growth
Registered office
Groenenborgerlaan 16
2610 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.