QBUUS
ActiveSummary
QBUUS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €-4k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35=
Solvency36▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 7.5 against 7.23 in 2023; short-term debt: 13.3% and cash: 0.1% of total assets), but 88.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.4%
Return on assets
-1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
30 d early
2022
28 d early
2021
18 d early
2020
24 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0▼ 100%
2018 · €186k
2018: €186k
2019: €0▼ -100% vs 2018
2018 → 2019
EBIT margin
-1.6%
Net result
€-4k▲ 7.9%
2023 · €-4k
2018: €-3k
2019: €-11k▼ -211% vs 2018lowest in 7 years
2020: €-7k▲ +37.4% vs 2019
2021: €42k▲ +736% vs 2020highest in 7 years
2022: €-3k▼ -106% vs 2021
2023: €-4k▼ -55.6% vs 2022
2024: €-4k▲ +7.9% vs 2023
2018 → 2024
Working capital
€336k▼ 22.6%
2023 · €434k
2018: €245klowest in 7 years
2019: €478k▲ +95.0% vs 2018
2020: €354k▼ -26.0% vs 2019
2021: €583k▲ +64.7% vs 2020highest in 7 years
2022: €399k▼ -31.5% vs 2021
2023: €434k▲ +8.6% vs 2022
2024: €336k▼ -22.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€54k▲ 341%€52k▼ 4.8%€48k▼ 7.8%€44k▼ 7.8%
2020: €12klowest in 5 years
2021: €54k▲ +341% vs 2020highest in 5 years
2022: €52k▼ -4.8% vs 2021
2023: €48k▼ -7.8% vs 2022
2024: €44k▼ -7.8% vs 2023
Operating result€-20k-€47k€-3k€-4k▼ 37.4%€-2k▲ 43.2%
2020: €-20klowest in 5 years
2021: €47k▲ +339% vs 2020highest in 5 years
2022: €-3k▼ -106% vs 2021
2023: €-4k▼ -37.4% vs 2022
2024: €-2k▲ +43.2% vs 2023
Net result€-7k-€42k€-3k€-4k▼ 55.6%€-4k▲ 7.9%
2020: €-7klowest in 5 years
2021: €42k▲ +736% vs 2020highest in 5 years
2022: €-3k▼ -106% vs 2021
2023: €-4k▼ -55.6% vs 2022
2024: €-4k▲ +7.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €4k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €387k
Equity
€44k ▼ 7.8%
Debt
€343k ▼ 24.7%
Debt's share of the balance-sheet total falls from 90.5% to 88.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.50▲
2023 · 7.23
Quick ratio
4.36▼
2023 · 4.96
Debt to equity
7.80▼
2023 · 9.55
ROE
-8.5%▲
2023 · -8.5%
ROA
-1.0%▼
2023 · -0.8%
Debt ≤ 1 year
€52k▼
2023 · €70k
Debt > 1 year
€180k▼
2023 · €285k
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 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€503k€387k▼
Current assets29/58€503k€387k▼
Stocks and contracts in progress3€159k€162k▲
Stocks30/36€159k€162k▲
Property held for sale35€159k€162k▲
Amounts receivable within one year40/41€325k€217k▼
Trade receivables40€279k€171k▼
Other amounts receivable41€46k€46k▲
Cash at bank and in hand54/58€14k€387▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€503k€387k▼
Equity10/15€48k€44k▼
Contributions10/11€50k€50k=
Reserves13€485€485=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€485€485=
Profit (loss) carried forward14€-3k€-6k▼
Amounts payable17/49€456k€343k▼
Amounts payable after more than one year17€285k€180k▼
Financial debts170/4€285k€180k▼
Other loans174€285k€180k▼
Amounts payable within one year42/48€70k€52k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46€50k€50k=
Taxes, remuneration and social security45€17k€0▼
Taxes450/3€17k€0▼
Accrued charges and deferred income492/3€101k€112k▲
Income statement
Code20232024
Operating income70/76A€110k€4k▼
Change in stocks of work in progress, finished goods and contracts in progress71€7k€191▼
Other operating income74€104k€4k▼
Operating charges60/66A€114k€6k▼
Goods for resale, raw materials and consumables60€7k€191▼
Purchases600/8€7k€191▼
Services and other goods61€107k€5k▼
Other operating charges640/8€582€513▼
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B€2k€2k=
Recurring financial income75€2k€2k=
Income from current assets751€2k€2k=
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Debt charges650€3k€4k▲
Other financial charges652/9€175€153▼
Profit (loss) for the period before taxes9903€-4k€-4k▲
Income taxes67/77€0-
Taxes670/3€0-
Profit (loss) for the period9904€-4k€-4k▲
Profit (loss) for the period to be appropriated9905€-4k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-6k▼
Profit (loss) brought forward from the previous period14P€1k€-3k▼
The notes to these accounts (20 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €112k | €8k | €110k | €4k | ▼ 96.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €3k | €8k | €7k | €191 | ▼ 97.2% |
| Other operating income74 | - | €109k | €0 | €104k | €4k | ▼ 96.6% |
| Operating charges60/66A | - | €65k | €10k | €114k | €6k | ▼ 94.9% |
| Goods for resale, raw materials and consumables60 | - | €3k | €8k | €7k | €191 | ▼ 97.2% |
| Purchases600/8 | - | €3k | €8k | €7k | €191 | ▼ 97.2% |
| Services and other goods61 | - | €61k | €2k | €107k | €5k | ▼ 95.3% |
| Other operating charges640/8 | - | €979 | €980 | €582 | €513 | ▼ 11.8% |
| Operating profit (loss)9901 | €-20k | €47k | €-3k | €-4k | €-2k | ▲ 43.2% |
| Financial income75/76B | - | €28k | €2k | €2k | €2k | = |
| Recurring financial income75 | €25k | €28k | €2k | €2k | €2k | = |
| Income from financial fixed assets750 | - | €558 | €0 | - | - | - |
| Income from current assets751 | - | €27k | €2k | €2k | €2k | = |
| Other financial income752/9 | - | €188 | €0 | - | - | - |
| Financial charges65/66B | - | €32k | €1k | €3k | €4k | ▲ 45.9% |
| Recurring financial charges65 | €12k | €29k | €1k | €3k | €4k | ▲ 45.9% |
| Debt charges650 | €11k | €28k | €1k | €3k | €4k | ▲ 49.9% |
| Other financial charges652/9 | - | €155 | €155 | €175 | €153 | ▼ 12.6% |
| Non-recurring financial charges66B | - | €3k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-7k | €44k | €-2k | €-4k | €-4k | ▲ 7.9% |
| Income taxes67/77 | - | €2k | €838 | €0 | - | - |
| Taxes670/3 | - | €2k | €838 | €0 | - | - |
| Profit (loss) for the period9904 | €-7k | €42k | €-3k | €-4k | €-4k | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €42k | €-3k | €-4k | €-4k | ▲ 7.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €990k | €638k | €452k | €503k | €387k | ▼ 23.1% |
| Fixed assets21/28 | €581k | €0 | - | - | - | - |
| Financial fixed assets28 | €581k | €0 | - | - | - | - |
| Companies linked by participating interests282/3 | - | €0 | - | - | - | - |
| Participating interests282 | - | €0 | - | - | - | - |
| Amounts receivable283 | - | €0 | - | - | - | - |
| Current assets29/58 | €410k | €638k | €452k | €503k | €387k | ▼ 23.1% |
| Stocks and contracts in progress3 | €132k | €153k | €174k | €159k | €162k | ▲ 2.2% |
| Stocks30/36 | - | €153k | €174k | €159k | €162k | ▲ 2.2% |
| Property held for sale35 | - | €153k | €174k | €159k | €162k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €242k | €273k | €273k | €325k | €217k | ▼ 33.3% |
| Trade receivables40 | - | €199k | €227k | €279k | €171k | ▼ 38.8% |
| Other amounts receivable41 | - | €74k | €46k | €46k | €46k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €10k | €211k | €1k | €14k | €387 | ▼ 97.2% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €6k | €8k | ▲ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €990k | €638k | €452k | €503k | €387k | ▼ 23.1% |
| Equity10/15 | €12k | €54k | €52k | €48k | €44k | ▼ 7.8% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Reserves13 | €485 | €485 | €485 | €485 | €485 | = |
| Non-distributable reserves130/1 | - | €24 | €24 | €0 | - | - |
| Reserves not available under the articles1311 | - | €24 | €24 | €0 | - | - |
| Distributable reserves133 | - | €461 | €461 | €485 | €485 | = |
| Profit (loss) carried forward14 | €-38k | €4k | €1k | €-3k | €-6k | ▼ 136% |
| Amounts payable17/49 | €978k | €583k | €400k | €456k | €343k | ▼ 24.7% |
| Amounts payable after more than one year17 | €832k | €446k | €261k | €285k | €180k | ▼ 36.9% |
| Financial debts170/4 | - | €446k | €261k | €285k | €180k | ▼ 36.9% |
| Other loans174 | - | €446k | €261k | €285k | €180k | ▼ 36.9% |
| Amounts payable within one year42/48 | €56k | €55k | €53k | €70k | €52k | ▼ 25.7% |
| Trade debts44 | €6k | €2k | €3k | €3k | €2k | ▼ 45.3% |
| Suppliers440/4 | - | €2k | €3k | €3k | €2k | ▼ 45.3% |
| Advances received on contracts in progress46 | - | €50k | €50k | €50k | €50k | = |
| Taxes, remuneration and social security45 | - | €2k | €0 | €17k | €0 | ▼ 100% |
| Taxes450/3 | - | €2k | €0 | €17k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €83k | €87k | €101k | €112k | ▲ 10.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €42k | €-3k | €-4k | €-4k | ▲ 7.9% |
| Operating cash flow (approximation) | €-7k | €42k | €-3k | €-4k | €-4k | ▲ 7.9% |
| Investment in fixed assets (approximation) | - | €581k | - | - | - | - |
| Change in cash | - | €201k | €-210k | €13k | €-14k | ▼ 207% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after 3 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 7.37
Current ratio from 2.49 to 7.37; short-term debt falls from €321k to €56k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Waregem · 1 establishment unit since 2011
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
QBUUS BVBA
since 20112.202.715.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,186 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
Founded23-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.