QDC GRONDWERKEN
ActiveThe computed 12-month bankruptcy probability of QDC GRONDWERKEN is 3.6% (moderate). The 2024 annual accounts show negative equity (€-8k) and a net result of €-30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 36373 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
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability51▼-7
Solvency21▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.34 in 2023; short-term debt: 72.6% and cash: 9.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
-4%
Return on assets
-14.4%
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 €-8k
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 29-07-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
29 d early
2022
31 d late
2021
4 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-8k
2023 · €22k
2020: €21k
2021: €41k
2022: €44k
2023: €22k
2020 → 2024
Total assets
€211k▼ 16.3%
2023 · €252k
2020: €57k
2021: €87k
2022: €256k
2023: €252k
2020 → 2024
Net result
€-30k▼ 38.9%
2023 · €-22k
2020: €16k
2021: €20k
2022: €3k
2023: €-22k
2020 → 2024
Working capital
€-112k▼ 22.3%
2023 · €-92k
2020: €-12k
2021: €4k
2022: €-166k
2023: €-92k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€41k▲ 95.0%€44k▲ 8.4%€22k▼ 49.8%€-8k
Operating result€18k-€22k▲ 22.0%€4k▼ 83.0%€-18k€-26k▼ 47.3%
Net result€16k-€20k▲ 25.1%€3k▼ 82.8%€-22k€-30k▼ 38.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2024 against €18k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211k
Fixed assets
€170k▼ 17.3%
Current assets
€41k▼ 12.0%
Key figures and ratios
EBITDA
€30k▼
2023 · €34k
Cash flow
€25k▼
2023 · €30k
Solvency
-4.0%▼
2023 · 8.7%
Current ratio
0.27▼
2023 · 0.34
Quick ratio
0.27▼
2023 · 0.34
Debt / equity
-26.22▼
2023 · 10.43
ROA
-14.4%▼
2023 · -8.7%
Interest coverage
6.56▼
2023 · 7.87
Debt
€220k▼
2023 · €230k
Debt ≤ 1 year
€153k▲
2023 · €139k
Debt > 1 year
€66k▼
2023 · €92k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€252k€211k▼
Fixed assets21/28€206k€170k▼
Tangible fixed assets22/27€206k€170k▼
Plant, machinery and equipment23€159k€123k▼
Furniture and vehicles24€46k€47k▲
Current assets29/58€47k€41k▼
Amounts receivable within one year40/41€23k€21k▼
Trade receivables40€23k€21k▼
Other amounts receivable41€4€4=
Cash at bank and in hand54/58€23k€20k▼
Deferred charges and accrued income490/1€669€683▲
Equity and liabilities
Total equity and liabilities10/49€252k€211k▼
Equity10/15€22k€-8k▼
Contributions10/11€5k€5k=
Outside capital11€5k€5k=
Other1109/19€5k€5k=
Reserves13€17k-
Distributable reserves133€17k-
Profit (loss) carried forward14-€-13k
Amounts payable17/49€230k€220k▼
Amounts payable after more than one year17€92k€66k▼
Financial debts170/4€92k€66k▼
Amounts payable within one year42/48€139k€153k▲
Current portion of amounts payable after more than one year42€30k€26k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€12k€25k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€6k€18k▲
Other amounts payable47/48€92k€98k▲
Income statement
Code20232024
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€56k▲
Other operating charges640/8€616€718▲
Gross operating margin9900€35k€30k▼
Operating profit (loss)9901€-18k€-26k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-22k€-30k▼
Profit (loss) for the period9904€-22k€-30k▼
Profit (loss) for the period to be appropriated9905€-22k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-30k▼
Transfer from equity791/2€22k€17k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €20k ▲25.1%
Operating result €22k, net result €20k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brakel · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardsestraat 669660 BrakelGround area
3,413 m²
Building footprint
158 m²
Volume, LiDAR
993 m³
Parcel 45056A0580/00D000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QDC GRONDWERKEN
since 20192.298.895.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45056A0580/00D000 | Flanders | 3,413 m² | 1 · 158 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PUR BLANC
BE 0671.608.895
Waregem · Eq €22k
BATI-ROB
BE 0508.768.067
Jette · Eq €22k
HI-FIBER CONSTRUCT
BE 1000.417.715
Zutendaal · Eq €22k
A&O GROUP
BE 0695.444.765
Heusden-Zolder · Eq €22k
ARM.CONSTRUCT
BE 0766.445.203
Wemmel · Eq €22k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2019
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
01610Support activities for crop production
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.