QCII
ActiveSummary
QCII has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €79,246. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 55% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+33
Solvency70▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 51.89 against 22.13 in 2024; short-term debt: 1.9% and cash: 0.1% of total assets), but 55.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.9%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
on the day
2023
78 d early
2022
31 d late
2021
24 d early
2020
40 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79,246
2024 · -€114,683
Working capital
€2.4m▲ 12.7%
2024 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€28,571▲ 37.1%-€18,619▲ 34.8%-€24,846▼ 33.4%-€117,643▼ 373%€82,153
Net result-€22,697below the sector's middle half▲ 56.5%-€15,680below the sector's middle half▲ 30.9%-€11,799within the sector's middle half▲ 24.8%-€114,683below the sector's middle half▼ 872%€79,246within the sector's middle half
Equity€1.2mwithin the sector's middle half▼ 1.9%€1.2mwithin the sector's middle half▼ 1.3%€1.2mwithin the sector's middle half▼ 1.0%€1.0mwithin the sector's middle half▼ 9.9%€1.1mwithin the sector's middle half▲ 7.6%
Total assets€2.3mwithin the sector's middle half▼ 1.2%€2.3mwithin the sector's middle half▼ 1.0%€2.3mwithin the sector's middle half▼ 0.7%€2.3mwithin the sector's middle half▼ 1.5%€2.5mwithin the sector's middle half▲ 9.7%
Debt€1.2m▼ 0.6%€1.2m▼ 0.6%€1.2m▼ 0.3%€1.2m▲ 7.0%€1.4m▲ 11.5%
Working capital-€419,383below the sector's middle half▼ 53.0%-€658,008below the sector's middle half▼ 56.9%€364,655within the sector's middle half€2.2mabove the sector's middle half▲ 496%€2.4mabove the sector's middle half▲ 12.7%
Solvency50.4%within the sector's middle half▼ 0.3pp50.2%within the sector's middle half▼ 0.2pp50.0%within the sector's middle half▼ 0.2pp45.7%within the sector's middle half▼ 4.3pp44.9%within the sector's middle half▼ 0.9pp
Current ratio0.62within the sector's middle half▼ 0.130.41below the sector's middle half▼ 0.2124.52above the sector's middle half▲ 24.1122.13above the sector's middle half▼ 2.3951.89above the sector's middle half▲ 29.76
Return on assets (ROA)-1.0%below the sector's middle half▲ 1.2pp-0.7%within the sector's middle half▲ 0.3pp-0.5%within the sector's middle half▲ 0.2pp-5.0%below the sector's middle half▼ 4.5pp3.2%within the sector's middle half▲ 8.2pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €82,153 after a loss of €117,643 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.5m
Equity
€1.1m ▲ 7.6%
Debt
€1.4m ▲ 11.5%
Debt's share of the balance-sheet total rises from 54.3% to 55.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
6.74▲
2024 · 2.76
Debt to equity
1.23▲
2024 · 1.19
ROE
7.1%▲
2024 · -11.0%
Debt ≤ 1 year
€48,138▼
2024 · €102,864
Debt > 1 year
€1.3m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,057 | €5,434 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €602 | €182 | €103 | €0 | - | - |
| Other operating charges640/8 | €17,508 | €17,913 | €19,791 | €24,582 | €2,733 | ▼ 88.9% |
| Gross operating margin9900 | -€10,461 | -€523 | -€4,952 | -€93,061 | €84,886 | ▲ 191% |
| Operating profit (loss)9901 | -€28,571 | -€18,619 | -€24,846 | -€117,643 | €82,153 | ▲ 170% |
| Financial income75/76B | €9,025 | €6,215 | €15,608 | €6,825 | €0 | ▼ 100% |
| Recurring financial income75 | €9,025 | €6,215 | €15,608 | €6,825 | €0 | ▼ 100% |
| Financial charges65/66B | €3,151 | €3,276 | €2,561 | €3,866 | €2,907 | ▼ 24.8% |
| Recurring financial charges65 | €3,151 | €3,276 | €2,561 | €3,866 | €2,907 | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | -€22,697 | -€15,680 | -€11,799 | -€114,683 | €79,246 | ▲ 169% |
| Profit (loss) for the period9904 | -€22,697 | -€15,680 | -€11,799 | -€114,683 | €79,246 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | -€22,697 | -€15,680 | -€11,799 | -€114,683 | €79,246 | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.3m | €2.3m | €2.3m | €2.5m | ▲ 9.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.7m | €1.9m | €1.9m | €0 | - | - |
| Tangible fixed assets22/27 | €1.7m | €1.9m | €1.9m | €0 | - | - |
| Land and buildings22 | €1.3m | €1.3m | €1.3m | €0 | - | - |
| Assets under construction and advance payments27 | €362,220 | €577,703 | €636,516 | €0 | - | - |
| Current assets29/58 | €692,232 | €454,549 | €380,161 | €2.3m | €2.5m | ▲ 9.7% |
| Amounts receivable after more than one year29 | - | - | - | €274,205 | €301,347 | ▲ 9.9% |
| Other amounts receivable291 | - | - | - | €274,205 | €301,347 | ▲ 9.9% |
| Stocks and contracts in progress3 | - | - | - | €2.0m | €2.2m | ▲ 9.1% |
| Stocks30/36 | - | - | - | €2.0m | €2.2m | ▲ 9.1% |
| Amounts receivable within one year40/41 | €686,459 | €437,221 | €375,342 | €4,331 | €19,918 | ▲ 360% |
| Trade receivables40 | - | - | - | €4,331 | €19,918 | ▲ 360% |
| Other amounts receivable41 | €686,459 | €437,221 | €375,342 | €0 | - | - |
| Cash at bank and in hand54/58 | €5,773 | €17,328 | €4,818 | €5,665 | €3,026 | ▼ 46.6% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.3m | €2.3m | €2.5m | ▲ 9.7% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.0m | €1.1m | ▲ 7.6% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€25,148 | -€40,828 | -€52,626 | -€167,310 | -€88,064 | ▲ 47.4% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 11.5% |
| Amounts payable after more than one year17 | €49,840 | €43,704 | €1.1m | €1.1m | €1.3m | ▲ 17.6% |
| Financial debts170/4 | €49,840 | €43,704 | €1.1m | €1.1m | €1.3m | ▲ 17.0% |
| Other amounts payable178/9 | - | - | - | - | €6,000 | - |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €15,505 | €102,864 | €48,138 | ▼ 53.2% |
| Current portion of amounts payable after more than one year42 | €5,795 | €6,135 | €6,496 | €6,878 | €7,283 | ▲ 5.9% |
| Financial debts43 | €1.1m | €1.1m | €0 | - | €56 | - |
| Credit institutions430/8 | €1.1m | €1.1m | €0 | - | €56 | - |
| Trade debts44 | €5,820 | €6,422 | €9,009 | €95,985 | €40,298 | ▼ 58.0% |
| Suppliers440/4 | €5,820 | €6,422 | €9,009 | €95,985 | €40,298 | ▼ 58.0% |
| Other amounts payable47/48 | - | - | - | - | €500 | - |
| Accrued charges and deferred income492/3 | €3,677 | €2,167 | €1,835 | €1,835 | €35 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,697 | -€15,680 | -€11,799 | -€114,683 | €79,246 | ▲ 169% |
| + Depreciation and write-downs630 | €602 | €182 | €103 | €0 | - | - |
| Operating cash flow (approximation) | -€22,095 | -€15,498 | -€11,695 | -€114,683 | €79,246 | ▲ 169% |
| Investment in fixed assets (approximation) | - | -€215,483 | -€58,813 | €1.9m | - | - |
| Change in cash | - | €11,555 | -€12,510 | €847 | -€2,639 | ▼ 412% |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
15-06
State Gazette act
Resignation: Mieke De Keyzer (director)Appointment: Aldeneik BV (director) · Permanent representative: Theo Henkelman4 facts ▸
State Gazette act
Resignation: Mieke De Keyzer (director)
Appointment: Aldeneik BV (director) · Permanent representative: Theo Henkelman4 facts ▸
- General meeting, 12-03-2026
- Director resignation, Mieke De Keyzer (director)
- Director appointment, Aldeneik BV (director)
- Permanent representative, Theo Henkelman (permanent representative)
2025
31-12
Financial
Back to profitnet €79,246
Net result €79,246 after 7 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 51.89
Current ratio from 22.13 to 51.89; short-term debt falls from €102,864 to €48,138.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€114,683
Net result drops to -€114,683, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 60current ratio 24.52
Current ratio from 0.41 to 24.52; short-term debt falls from €1.1m to €15,505.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
ALDENEIK
CurrentDirector · since 12-03-2026 · Private limited company · perm. rep.: Theo Henkelman
Permanent representatives 1
Theo Henkelman
CurrentPermanent representative · since 12-03-2026 · for ALDENEIK
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 1994
Ground area
1,858 m²
Building footprint
226 m²
Volume, LiDAR
1,106 m³
Parcel 72029C0124/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
QCII
since 19942.068.852.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72029C0124/00G000 | Flanders | 1,858 m² | 1 · 226 m² | 8.0 m · 2 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALDENEIK |
|
| Mieke De Keyzer |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Belgian Food Retail
- QCII
Highest known parent: Belgian Food Retail. The sources do not say who stands above it.
Owners 1
- Belgian Food Retailparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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Of 1,294 companies in sector 68122 we hold annual accounts for 904. 530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453607137
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.