QBQUITY
ActiveSummary
The computed 12-month bankruptcy probability of QBQUITY is 2.1% (moderate). The 2024 annual accounts show equity of €160k and a net result of €65k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 8966 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+8
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 7.82 in 2023; short-term debt: 31.6% and cash: 47.8% of total assets), and 31.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
61 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
94 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€160k▼ 14.0%
2023 · €186k
2019: €44klowest in 6 years
2020: €83k▲ +89.1% vs 2019
2021: €120k▲ +45.2% vs 2020
2022: €149k▲ +24.3% vs 2021
2023: €186k▲ +24.5% vs 2022highest in 6 years
2024: €160k▼ -14.0% vs 2023
2019 → 2024
Total assets
€233k▲ 10.2%
2023 · €212k
2019: €79klowest in 6 years
2020: €149k▲ +90.1% vs 2019
2021: €151k▲ +0.9% vs 2020
2022: €179k▲ +18.9% vs 2021
2023: €212k▲ +18.0% vs 2022
2024: €233k▲ +10.2% vs 2023highest in 6 years
2019 → 2024
Net result
€65k▲ 63.7%
2023 · €40k
2019: €37k
2020: €42k▲ +12.5% vs 2019
2021: €37k▼ -10.9% vs 2020
2022: €29k▼ -22.0% vs 2021lowest in 6 years
2023: €40k▲ +35.9% vs 2022
2024: €65k▲ +63.7% vs 2023highest in 6 years
2019 → 2024
Working capital
€152k▼ 14.4%
2023 · €177k
2019: €43klowest in 6 years
2020: €82k▲ +89.9% vs 2019
2021: €120k▲ +45.4% vs 2020
2022: €149k▲ +24.4% vs 2021
2023: €177k▲ +19.2% vs 2022highest in 6 years
2024: €152k▼ -14.4% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€83k-€120k▲ 45.2%€149k▲ 24.3%€186k▲ 24.5%€160k▼ 14.0%
2020: €83klowest in 5 years
2021: €120k▲ +45.2% vs 2020
2022: €149k▲ +24.3% vs 2021
2023: €186k▲ +24.5% vs 2022highest in 5 years
2024: €160k▼ -14.0% vs 2023
Operating result€52k-€47k▼ 9.8%€37k▼ 21.4%€47k▲ 29.0%€78k▲ 64.5%
2020: €52k
2021: €47k▼ -9.8% vs 2020
2022: €37k▼ -21.4% vs 2021lowest in 5 years
2023: €47k▲ +29.0% vs 2022
2024: €78k▲ +64.5% vs 2023highest in 5 years
Net result€42k-€37k▼ 10.9%€29k▼ 22.0%€40k▲ 35.9%€65k▲ 63.7%
2020: €42k
2021: €37k▼ -10.9% vs 2020
2022: €29k▼ -22.0% vs 2021lowest in 5 years
2023: €40k▲ +35.9% vs 2022
2024: €65k▲ +63.7% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 64% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €233k
Fixed assets
€8k ▼ 7.1%
Current assets
€225k ▲ 10.9%
Equity and liabilities €233k
Equity
€160k ▼ 14.0%
Debt
€74k ▲ 184%
Debt's share of the balance-sheet total rises from 12.3% to 31.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▲
2023 · €48k
Cash flow
€66k▲
2023 · €40k
Current ratio
3.06▼
2023 · 7.82
Debt to equity
0.46▲
2023 · 0.14
ROE
40.6%▲
2023 · 21.3%
ROA
27.8%▲
2023 · 18.7%
Interest coverage
378.63▼
2023 · 23907.84
Debt ≤ 1 year
€74k▲
2023 · €26k
Income taxes
€16k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€212k€233k▲
Fixed assets21/28€8k€8k▼
Tangible fixed assets22/27€8k€7k▼
Furniture and vehicles24€1k€1k▲
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€363€363=
Current assets29/58€203k€225k▲
Amounts receivable after more than one year29€99k€100k▲
Other amounts receivable291€99k€100k▲
Amounts receivable within one year40/41€53k€13k▼
Trade receivables40€53k€13k▼
Cash at bank and in hand54/58€49k€111k▲
Deferred charges and accrued income490/1€2k€774▼
Equity and liabilities
Total equity and liabilities10/49€212k€233k▲
Equity10/15€186k€160k▼
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€179k€141k▼
Amounts payable17/49€26k€74k▲
Amounts payable within one year42/48€26k€74k▲
Trade debts44€9k€205▼
Suppliers440/4€9k€205▼
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€11k€14k▲
Other amounts payable47/48€6k€59k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799€1k▲
Other operating charges640/8€310€500▲
Gross operating margin9900€49k€80k▲
Operating profit (loss)9901€47k€78k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2€210▲
Recurring financial charges65€2€210▲
Profit (loss) for the period before taxes9903€49k€81k▲
Income taxes67/77€10k€16k▲
Profit (loss) for the period9904€40k€65k▲
Profit (loss) for the period to be appropriated9905€40k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€182k€244k▲
Profit (loss) brought forward from the previous period14P€143k€179k▲
Profit to be distributed694/7€3k€103k▲
Return on contributions (dividend)694-€100k
Directors or managers695€3k€3k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €799 | €1k | ▲ 65.5% |
| Other operating charges640/8 | - | - | €410 | €310 | €500 | ▲ 61.3% |
| Gross operating margin9900 | €52k | €47k | €37k | €49k | €80k | ▲ 64.5% |
| Operating profit (loss)9901 | €52k | €47k | €37k | €47k | €78k | ▲ 64.5% |
| Financial income75/76B | - | €4 | €142 | €2k | €3k | ▲ 85.9% |
| Recurring financial income75 | - | €4 | €142 | €2k | €3k | ▲ 85.9% |
| Financial charges65/66B | - | €116 | €290 | €2 | €210 | ▲ 10,285% |
| Recurring financial charges65 | €80 | €116 | €290 | €2 | €210 | ▲ 10,285% |
| Profit (loss) for the period before taxes9903 | €52k | €47k | €37k | €49k | €81k | ▲ 64.8% |
| Income taxes67/77 | €10k | €9k | €8k | €10k | €16k | ▲ 69.4% |
| Profit (loss) for the period9904 | €42k | €37k | €29k | €40k | €65k | ▲ 63.7% |
| Profit (loss) for the period to be appropriated9905 | €42k | €37k | €29k | €40k | €65k | ▲ 63.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €151k | €179k | €212k | €233k | ▲ 10.2% |
| Fixed assets21/28 | €363 | €363 | €363 | €8k | €8k | ▼ 7.1% |
| Tangible fixed assets22/27 | - | - | - | €8k | €7k | ▼ 7.4% |
| Furniture and vehicles24 | - | - | - | €1k | €1k | ▲ 11.7% |
| Other tangible fixed assets26 | - | - | - | €7k | €6k | ▼ 11.1% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €149k | €150k | €179k | €203k | €225k | ▲ 10.9% |
| Amounts receivable after more than one year29 | - | - | €100k | €99k | €100k | ▲ 0.8% |
| Other amounts receivable291 | - | - | €100k | €99k | €100k | ▲ 0.8% |
| Amounts receivable within one year40/41 | €63k | €59k | €60k | €53k | €13k | ▼ 75.6% |
| Trade receivables40 | - | €59k | €60k | €53k | €13k | ▼ 75.6% |
| Other amounts receivable41 | - | €43 | - | - | - | - |
| Cash at bank and in hand54/58 | €86k | €91k | €18k | €49k | €111k | ▲ 128% |
| Deferred charges and accrued income490/1 | - | - | €786 | €2k | €774 | ▼ 51.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €151k | €179k | €212k | €233k | ▲ 10.2% |
| Equity10/15 | €83k | €120k | €149k | €186k | €160k | ▼ 14.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €19k | ▲ 191% |
| Profit (loss) carried forward14 | €76k | €113k | €143k | €179k | €141k | ▼ 21.3% |
| Amounts payable17/49 | €67k | €31k | €30k | €26k | €74k | ▲ 184% |
| Amounts payable within one year42/48 | €67k | €31k | €30k | €26k | €74k | ▲ 184% |
| Trade debts44 | €979 | €2k | €3k | €9k | €205 | ▼ 97.7% |
| Suppliers440/4 | - | €2k | €3k | €9k | €205 | ▼ 97.7% |
| Taxes, remuneration and social security45 | - | €22k | €20k | €11k | €14k | ▲ 25.5% |
| Taxes450/3 | - | €22k | €20k | €11k | €14k | ▲ 25.5% |
| Other amounts payable47/48 | - | €8k | €7k | €6k | €59k | ▲ 874% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €37k | €29k | €40k | €65k | ▲ 63.7% |
| + Depreciation and write-downs630 | - | - | - | €799 | €1k | ▲ 65.5% |
| Operating cash flow (approximation) | €42k | €37k | €29k | €40k | €66k | ▲ 63.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €-725 | ▲ 91.8% |
| Change in cash | - | €5k | €-73k | €31k | €63k | ▲ 105% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Highest result since 2019net €65k ▲63.7%
Operating result €78k, net result €65k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €186k ▲24.5%
5 profitable years in a row build equity to €186k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €29k ▼22%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.87
Current ratio from 2.23 to 4.87; short-term debt falls from €67k to €31k.
31-12
Financial
Equity above €100kEq €120k ▲45.2%
3 profitable years in a row build equity to €120k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2019
Ground area
1,501 m²
Building footprint
1,256 m²
Volume, LiDAR
24,024 m³
Parcel 21363B0354/00W011, Brussels · tallest building 28.6 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
QBQUITY
since 20192.289.409.242
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00W011 | Brussels | 1,501 m² | 1 · 1,255 m² | 28.6 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62200Computer consultancy and computer facilities management
Contact
E-mail
rm@qbquity.com
Scores and ratios are computed by Checked and are not a credit decision.