QeoCo
ActiveSummary
QeoCo has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,878 and a net result of €111,471. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency36▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.9 in 2024; short-term debt: 88.7% and cash: 63.5% of total assets), and 88.7% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.3%
Return on assets
66.6%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-07-2026, 26 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
26 d early
2024
92 d early
2023
24 d early
2022
20 d early
2021
3 d early
2020
44 d early
2019
47 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 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111,471▲ 18.2%
2024 · €94,283
Working capital
-€6,574▲ 50.0%
2024 · -€13,157
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
Line20212022202320242025
Operating result€25,237▼ 45.4%€36,661▲ 45.3%€99,215▲ 171%€120,592▲ 21.5%€143,479▲ 19.0%
Net result€19,110▼ 46.1%€27,510▲ 44.0%€79,489▲ 189%€94,283▲ 18.6%€111,471▲ 18.2%
Equity€114,279▲ 38.1%€18,889▼ 83.5%€18,878▼ 0.1%€18,878=€18,878=
Total assets€146,605▲ 15.0%€86,176▼ 41.2%€140,284▲ 62.8%€149,469▲ 6.5%€167,431▲ 12.0%
Debt€32,327▼ 27.8%€67,287▲ 108%€121,406▲ 80.4%€130,591▲ 7.6%€148,553▲ 13.8%
Working capital€104,315▲ 43.4%€12,094▼ 88.4%-€13,364-€13,157▲ 1.5%-€6,574▲ 50.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167,431
Fixed assets
€25,452 ▼ 20.5%
Current assets
€141,979 ▲ 20.9%
Equity and liabilities €167,431
Equity
€18,878 =
Debt
€148,553 ▲ 13.8%
Debt's share of the balance-sheet total rises from 87.4% to 88.7%. Debt is higher.
Key figures and ratios
EBITDA
€152,503▲
2024 · €125,579
Cash flow
€120,496▲
2024 · €99,269
Current ratio
0.96▲
2024 · 0.90
Debt to equity
7.87▲
2024 · 6.92
ROE
590.5%▲
2024 · 499.4%
ROA
66.6%▲
2024 · 63.1%
Interest coverage
1231.36▲
2024 · 1055.90
Debt ≤ 1 year
€148,553▲
2024 · €130,591
Income taxes
€31,945▲
2024 · €27,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,178 | €7,578 | €4,425 | €4,986 | €9,025 | ▲ 81.0% |
| Other operating charges640/8 | €388 | €826 | €3,766 | €573 | €474 | ▼ 17.3% |
| Gross operating margin9900 | €32,803 | €45,064 | €107,406 | €126,152 | €152,977 | ▲ 21.3% |
| Operating profit (loss)9901 | €25,237 | €36,661 | €99,215 | €120,592 | €143,479 | ▲ 19.0% |
| Financial income75/76B | - | - | €47 | €945 | €61 | ▼ 93.5% |
| Recurring financial income75 | - | - | €47 | €945 | €61 | ▼ 93.5% |
| Financial charges65/66B | €190 | €131 | €123 | €119 | €124 | ▲ 4.1% |
| Recurring financial charges65 | €190 | €131 | €123 | €119 | €124 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €25,047 | €36,530 | €99,140 | €121,418 | €143,416 | ▲ 18.1% |
| Income taxes67/77 | €5,937 | €9,020 | €19,651 | €27,135 | €31,945 | ▲ 17.7% |
| Profit (loss) for the period9904 | €19,110 | €27,510 | €79,489 | €94,283 | €111,471 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €19,110 | €27,510 | €79,489 | €94,283 | €111,471 | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,605 | €86,176 | €140,284 | €149,469 | €167,431 | ▲ 12.0% |
| Fixed assets21/28 | €9,964 | €6,795 | €32,242 | €32,035 | €25,452 | ▼ 20.5% |
| Tangible fixed assets22/27 | €9,964 | €6,795 | €32,242 | €32,035 | €25,452 | ▼ 20.5% |
| Plant, machinery and equipment23 | €1,572 | €2,322 | €3,664 | €4,251 | €4,638 | ▲ 9.1% |
| Furniture and vehicles24 | €8,392 | €4,473 | €28,578 | €27,785 | €20,815 | ▼ 25.1% |
| Current assets29/58 | €136,641 | €79,381 | €108,042 | €117,434 | €141,979 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €18,385 | €34,739 | €24,192 | €30,862 | €35,650 | ▲ 15.5% |
| Trade receivables40 | €13,885 | €34,326 | €21,462 | €26,733 | €33,836 | ▲ 26.6% |
| Other amounts receivable41 | €4,500 | €413 | €2,730 | €4,128 | €1,814 | ▼ 56.1% |
| Cash at bank and in hand54/58 | €118,037 | €44,456 | €83,715 | €86,572 | €106,329 | ▲ 22.8% |
| Deferred charges and accrued income490/1 | €220 | €186 | €135 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,605 | €86,176 | €140,284 | €149,469 | €167,431 | ▲ 12.0% |
| Equity10/15 | €114,279 | €18,889 | €18,878 | €18,878 | €18,878 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €95,679 | €289 | €278 | €278 | €278 | = |
| Amounts payable17/49 | €32,327 | €67,287 | €121,406 | €130,591 | €148,553 | ▲ 13.8% |
| Amounts payable within one year42/48 | €32,327 | €67,287 | €121,406 | €130,591 | €148,553 | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | €5,484 | - | - | - | - | - |
| Trade debts44 | €301 | €1,410 | €375 | €493 | €480 | ▼ 2.6% |
| Suppliers440/4 | €301 | €1,410 | €375 | €493 | €480 | ▼ 2.6% |
| Taxes, remuneration and social security45 | €10,149 | €12,093 | €15,863 | €13,468 | €15,679 | ▲ 16.4% |
| Taxes450/3 | €10,149 | €12,093 | €15,863 | €13,468 | €15,679 | ▲ 16.4% |
| Other amounts payable47/48 | €16,394 | €53,784 | €105,167 | €116,629 | €132,394 | ▲ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,110 | €27,510 | €79,489 | €94,283 | €111,471 | ▲ 18.2% |
| + Depreciation and write-downs630 | €7,178 | €7,578 | €4,425 | €4,986 | €9,025 | ▲ 81.0% |
| Operating cash flow (approximation) | €26,287 | €35,088 | €83,914 | €99,269 | €120,496 | ▲ 21.4% |
| Investment in fixed assets (approximation) | - | -€4,409 | -€29,871 | -€4,780 | -€2,442 | ▲ 48.9% |
| Change in cash | - | -€73,581 | €39,259 | €2,857 | €19,757 | ▲ 592% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €111,471 ▲18.2%
Operating result €143,479, net result €111,471, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €19,110 ▼46.1%
Net result drops to €19,110, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €114,279 ▲38.1%
3 profitable years in a row build equity to €114,279.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waterloo · 1 establishment unit since 2018
Ground area
1,568 m²
Building footprint
140 m²
Parcel 25110S0390/00Y000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de l'Escavée 27, 1410 Waterloo
since 20182.276.447.864
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0390/00Y000 | Wallonia | 1,568 m² | 1 · 140 m² | - |
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 82,642 companies in sector 70200 we hold annual accounts for 52,583. 29,978 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
Founded27-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.