QBUILD
ActiveSummary
The computed 12-month bankruptcy probability of QBUILD is 1.9% (moderate). The 2024 annual accounts show negative equity (-€239,049) and a net result of -€132,832. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1117 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.71 in 2023; short-term debt: 170.4% and cash: 8.5% of total assets), and equity is negative.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-71.5%
Return on assets
-39.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€239,049
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
22 d late
2022
31 d late
2021
25 d late
2020
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€132,832▼ 0.3%
2023 · -€132,390
Working capital
-€247,017▼ 106%
2023 · -€120,185
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,584-€3,529▼ 78.7%-€9,820-€129,367▼ 1,217%-€124,150▲ 4.0%
Net result€11,261--€659-€14,429▼ 2,090%-€132,390▼ 818%-€132,832▼ 0.3%
Equity€41,261-€40,602▼ 1.6%€26,173▼ 35.5%-€106,217-€239,049▼ 125%
Total assets€55,689-€211,561▲ 280%€285,719▲ 35.1%€315,292▲ 10.4%€334,497▲ 6.1%
Debt€14,428-€170,959▲ 1,085%€259,546▲ 51.8%€421,509▲ 62.4%€573,546▲ 36.1%
Working capital€34,748-€16,397▼ 52.8%€3,390▼ 79.3%-€120,185-€247,017▼ 106%
Staff (FTE)0.7-2▲ 186%3.9▲ 95.0%2.6▼ 33.3%2▼ 23.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €124,150 in 2024 against €129,367 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €334,075
Fixed assets
€11,067 ▼ 31.0%
Current assets
€323,009 ▲ 8.4%
Key figures and ratios
EBITDA
-€118,400▲
2023 · -€120,948
Cash flow
-€127,083▼
2023 · -€123,972
Solvency
-71.5%▼
2023 · -33.7%
Current ratio
0.57▼
2023 · 0.71
Debt to equity
-2.40▲
2023 · -3.97
ROA
-39.7%▲
2023 · -42.0%
Interest coverage
-14.25▲
2023 · -47.96
Debt ≤ 1 year
€570,026▲
2023 · €418,239
Income taxes
€372▼
2023 · €502
Staff costs
€134,576▼
2023 · €162,674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €116,789 | €243,138 | €162,674 | €134,576 | ▼ 17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €944 | €5,272 | €8,479 | €8,419 | €5,749 | ▼ 31.7% |
| Other operating charges640/8 | - | €1,224 | €1,131 | €2,951 | €3,061 | ▲ 3.7% |
| Non-recurring operating charges66A | - | - | €42 | - | - | - |
| Gross operating margin9900 | €60,324 | €126,814 | €242,970 | €44,676 | €19,236 | ▼ 56.9% |
| Operating profit (loss)9901 | €16,584 | €3,529 | -€9,820 | -€129,367 | -€124,150 | ▲ 4.0% |
| Financial charges65/66B | - | €1,630 | €2,591 | €2,522 | €8,310 | ▲ 230% |
| Recurring financial charges65 | €506 | €1,630 | €2,591 | €2,522 | €8,310 | ▲ 230% |
| Profit (loss) for the period before taxes9903 | €16,078 | €1,899 | -€12,411 | -€131,889 | -€132,460 | ▼ 0.4% |
| Income taxes67/77 | €4,817 | €2,557 | €2,017 | €502 | €372 | ▼ 25.8% |
| Profit (loss) for the period9904 | €11,261 | -€659 | -€14,429 | -€132,390 | -€132,832 | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €11,261 | -€659 | -€14,429 | -€132,390 | -€132,832 | ▼ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,689 | €211,561 | €285,719 | €315,292 | €334,497 | ▲ 6.1% |
| Formation expenses20 | €3,548 | €2,766 | €1,985 | €1,203 | €421 | ▼ 65.0% |
| Fixed assets21/28 | €5,675 | €24,424 | €23,672 | €16,035 | €11,067 | ▼ 31.0% |
| Intangible fixed assets21 | - | - | €1,373 | €802 | €231 | ▼ 71.2% |
| Tangible fixed assets22/27 | €5,312 | €24,061 | €21,936 | €14,870 | €10,472 | ▼ 29.6% |
| Furniture and vehicles24 | - | €12,921 | €10,018 | €4,336 | €1,324 | ▼ 69.5% |
| Other tangible fixed assets26 | - | €11,140 | €11,918 | €10,534 | €9,149 | ▼ 13.1% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €46,466 | €184,370 | €260,063 | €298,054 | €323,009 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €22,416 | €133,202 | €199,333 | €275,596 | €289,887 | ▲ 5.2% |
| Trade receivables40 | - | €130,704 | €196,626 | €275,596 | €289,887 | ▲ 5.2% |
| Other amounts receivable41 | - | €2,498 | €2,707 | €0 | - | - |
| Cash at bank and in hand54/58 | €16,119 | €45,849 | €53,257 | €17,186 | €28,450 | ▲ 65.5% |
| Deferred charges and accrued income490/1 | - | €5,319 | €7,474 | €5,272 | €4,671 | ▼ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,689 | €211,561 | €285,719 | €315,292 | €334,497 | ▲ 6.1% |
| Equity10/15 | €41,261 | €40,602 | €26,173 | -€106,217 | -€239,049 | ▼ 125% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €11,261 | €10,602 | -€3,827 | -€136,217 | -€269,049 | ▼ 97.5% |
| Amounts payable17/49 | €14,428 | €170,959 | €259,546 | €421,509 | €573,546 | ▲ 36.1% |
| Amounts payable within one year42/48 | €11,718 | €167,973 | €256,673 | €418,239 | €570,026 | ▲ 36.3% |
| Trade debts44 | €1,480 | €108,975 | €187,641 | €364,886 | €261,112 | ▼ 28.4% |
| Suppliers440/4 | - | €108,975 | €187,641 | €364,886 | €261,112 | ▼ 28.4% |
| Taxes, remuneration and social security45 | - | €38,998 | €69,032 | €35,354 | €32,916 | ▼ 6.9% |
| Taxes450/3 | - | €24,421 | €50,152 | €17,430 | €16,348 | ▼ 6.2% |
| Remuneration and social security454/9 | - | €14,577 | €18,879 | €17,924 | €16,568 | ▼ 7.6% |
| Other amounts payable47/48 | - | €20,000 | €0 | €18,000 | €275,998 | ▲ 1,433% |
| Accrued charges and deferred income492/3 | - | €2,986 | €2,874 | €3,270 | €3,520 | ▲ 7.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,261 | -€659 | -€14,429 | -€132,390 | -€132,832 | ▼ 0.3% |
| + Depreciation and write-downs630 | €944 | €5,272 | €8,479 | €8,419 | €5,749 | ▼ 31.7% |
| Operating cash flow (approximation) | €12,205 | €4,614 | -€5,949 | -€123,972 | -€127,083 | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | -€24,022 | -€7,727 | -€782 | -€782 | = |
| Change in cash | - | €29,731 | €7,407 | -€36,071 | €11,265 | ▲ 131% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€132,832
Net result drops to -€132,832, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2020
Ground area
6,246 m²
Building footprint
2,333 m²
Volume, LiDAR
98,133 m³
2 parcels, Brussels, Wallonia · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
406
companies at this address
See who is registered here
1 establishment unit
Chaussée de Marche(EP) 598, 5101 Namur
since 20202.304.470.867
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 fl. |
| 92039B0032/00Z002 | Wallonia | 2,522 m² | 1 · 1,027 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,319 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
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748893745
Also
9925:BE0748893745
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.