Financials
- Fiscal year
- 2025
- Total assets
- €58,452
- Loss
- -€46,987
- Solvency
- 83.2%
Total assets▼ 49.5%
Net result
20182025
QELEC
ActiveSummary
The annual accounts of QELEC for fiscal year 2025 show a net loss of 80% of total assets. The 2025 annual accounts show equity of €48,632 and a net result of -€46,987. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 3831 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Photography, excluding press photography
NACE 74201
1 site
Size
€58,452total assets 2025
- Equity
- €48,632
- Loss
- -€46,987
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 2 deeds read
Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €46,987 (FY 2025)- Latest accounts 31 days late; 1 of the last 3 late+ Liquidity: current ratio 3.41, cash €26,215, halved+ Equity €48,632 (83.2% of total assets)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 49% of its sector peers (NACE 74, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency
100=
equity 83.2% of total assets
Liquidity
96+1
short-term debt 16.8% · cash 44.8%
Profitability
0-100
return on assets -80.4%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 11 months
12-2025: < 0.1%lowest value
01-2026: < 0.1%● 0.0% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%▲ +5.7% vs 03-2026
05-2026: < 0.1%▲ +2.7% vs 04-2026
06-2026: < 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%▲ +5.3% vs 06-2026
08-2026: 0.1%▲ +67.5% vs 07-2026
09-2026: 0.3%▲ +291% vs 08-2026highest value
10-2026: 0.3%● 0.0% vs 09-2026highest value
- Loss of €46,987 (FY 2025) raises the probability
- Liquidity: current ratio 3.41, cash €26,215, halved lowers the probability
- Equity €48,632 (83.2% of total assets) lowers the probability
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.41 against 4.48 in 2024; short-term debt: 16.8% and cash: 44.8% of total assets), and 16.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, micro). Better than this share of them on solvency 88%, liquidity 89%, profitability 7%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d early
2023
2 d early
2022
8 d late
2021
19 d late
2020
24 d late
2019
88 d late
← 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 after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 8 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€46,987
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 30-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Photography, excluding press photographyNACE 74201
- Founded
- 08-12-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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