QBIC III FUND

Active

Limited partnershipfounded 2022active for 4 yearsSoenenspark 56, 9051 Gent, BelgiumKBO/BCE: BE 0782.842.062

From the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

QBIC III FUND has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.5m and a net result of -€1.9m. Equity is growing by about 55% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

QBIC III FUNDActiveChecked score 96/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 03-03-2022 Normal situation
Legal form: Limited partnership
Registered office: Soenenspark 56, 9051 Gent
Activity: No activity registered in the KBO
Establishment unit: 2.332.500.897 9051 Gent, since 03-03-2022
Financial year end: 31 December
Peppol: Reachable since 21-10-2026

Company details

Who decides

Board

QBIC VENTURE PARTNERS IIIManager

Auditor: BDO Bedrijfsrevisoren bv

Shareholders

Holdings: Shares in 15 companies including THERAtRAME and Obulytix

Board & ownership

How it is doing

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Gross margin: -€1.8m; ▼ 0.2%
Loss: €1.9m; ▲ 12.9%
Equity: €38.5m; ▲ 48.4%
Total assets: €38.5m; ▲ 48.4%

Turnover not published (abbreviated format)2025 accounts 56 days early

Filed on 05-06-2026at the National Bank

Financials

Why 96raises riskFounded in 2022lowers riskSize: total assets €38.5mLegal form: limited partnershipNo main activity registeredShow the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 68% of its sector peers (no NACE code, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 100.0% of total assets

Liquidity 59-8

short-term debt 0.0% · cash 7.1%

Profitability 25+3

return on assets -4.9%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €3,650,000 on 30-day terms is acceptable

short-term debt: 0% and cash: 7.1% of total assets, and 0% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, medium-sized): better than 74% on solvency, 87% on liquidity, 19% on profitability and 90% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €38.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2022

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Legal form: limited partnership

KBO

No main activity registered

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

56 days early

2024

71 days early

2023

57 days early

2022

61 days early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 4 accounts on average 61 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)

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 3 June (4 of the last 4 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2022.

KBO publications · our coverage

Key points

Risk: 4 loss-making years in a rowloss financial year 2025 -€1.9m View
Positive: Equity rose in 2025from €26.0m to €38.5m ▲ 48.4% View
Positive: Always filed on timeaccounts within the deadline every year 4 years View

Documents

Key facts about QBIC III FUND

What is the company number of QBIC III FUND?: 0782.842.062. In Belgium the VAT number is the company number with BE in front: BE 0782.842.062.
Where is QBIC III FUND based?: The registered office is at Soenenspark 56, 9051 Gent.Company details
What is the legal form of QBIC III FUND?: Limited partnership (CommV).
When was QBIC III FUND founded?: On 03-03-2022.
Is QBIC III FUND still active?: Yes, QBIC III FUND is an active enterprise in the KBO register.
What is the turnover of QBIC III FUND?: The annual accounts for financial year 2025 state no turnover: the abbreviated format does not require it.Financials
Is QBIC III FUND profitable?: In financial year 2025, QBIC III FUND made a loss of €1.9m.
Where can I find the annual accounts of QBIC III FUND?: QBIC III FUND filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of QBIC III FUND due?: By 31-07-2027, for financial year 2026.Timeline