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Qetes

Active
Private limited companyfounded 20242 yrs activeBensbergstraat 1, 3390 Tielt-Winge, BelgiumKBO/BCE: BE 1007.035.687
Summary

The annual accounts of Qetes for fiscal year 2024 show a net loss of 60% of total assets. The 2024 annual accounts show equity of €32,416 and a net result of -€27,584. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes
Profitability0
Solvency95
Growth-
Track record67
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 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 3.35; short-term debt: 29.5% and cash: 25.7% of total assets), and 29.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
70.5%
Return on assets
-60%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
39 d early
2024
111 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 36 days after 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.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Qetes was incorporated on 12 March 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
€32,416
Total assets
€46,003
Net result
-€27,584
Working capital
€31,914

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €46,003
Fixed assets €503
Current assets €45,500
Equity and liabilities €46,003
Equity €32,416
Debt €13,586
Debt finances 29.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€27,178
Cash flow
-€27,435
Current ratio
3.35
Quick ratio
1.49
Debt to equity
0.42
ROE
-85.1%
ROA
-60.0%
Interest coverage
-105.73
Debt ≤ 1 year
€13,586

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
88% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 3,225 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
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€46,003
Fixed assets21/28€503
Tangible fixed assets22/27€503
Furniture and vehicles24€503
Current assets29/58€45,500
Stocks and contracts in progress3€25,225
Stocks30/36€25,225
Amounts receivable within one year40/41€7,684
Trade receivables40€6,000
Other amounts receivable41€1,684
Cash at bank and in hand54/58€11,834
Deferred charges and accrued income490/1€757
Equity and liabilities
Total equity and liabilities10/49€46,003
Equity10/15€32,416
Contributions10/11€60,000
Profit (loss) carried forward14-€27,584
Amounts payable17/49€13,586
Amounts payable within one year42/48€13,586
Trade debts44€12,840
Suppliers440/4€12,840
Other amounts payable47/48€746
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149
Other operating charges640/8€814
Gross operating margin9900-€26,364
Operating profit (loss)9901-€27,327
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€257
Recurring financial charges65€257
Profit (loss) for the period before taxes9903-€27,584
Profit (loss) for the period9904-€27,584
Profit (loss) for the period to be appropriated9905-€27,584
Appropriation of the result
Profit (loss) to be appropriated9906-€27,584

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149
Other operating charges640/8€814
Gross operating margin9900-€26,364
Operating profit (loss)9901-€27,327
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€257
Recurring financial charges65€257
Profit (loss) for the period before taxes9903-€27,584
Profit (loss) for the period9904-€27,584
Profit (loss) for the period to be appropriated9905-€27,584
Line2024
Assets
Total assets20/58€46,003
Fixed assets21/28€503
Tangible fixed assets22/27€503
Furniture and vehicles24€503
Current assets29/58€45,500
Stocks and contracts in progress3€25,225
Stocks30/36€25,225
Amounts receivable within one year40/41€7,684
Trade receivables40€6,000
Other amounts receivable41€1,684
Cash at bank and in hand54/58€11,834
Deferred charges and accrued income490/1€757
Equity and liabilities
Total equity and liabilities10/49€46,003
Equity10/15€32,416
Contributions10/11€60,000
Profit (loss) carried forward14-€27,584
Amounts payable17/49€13,586
Amounts payable within one year42/48€13,586
Trade debts44€12,840
Suppliers440/4€12,840
Other amounts payable47/48€746
Line2024
Profit (loss) for the period9904-€27,584
+ Depreciation and write-downs630€149
Operating cash flow (approximation)-€27,435

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
19-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tielt-Winge · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
2,990 m²
Building footprint
188 m²
Volume, LiDAR
1,139 m³
Parcel 24101B0049/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Qetes
Bensbergstraat 1, 3390 Tielt-WingeReal estate development
since 20242.358.564.007
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24101B0049/00F000 Flanders 2,990 m² 1 · 188 m² 8.6 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.

Structure & network

Owners and holdings

1 owner

Owners 1

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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,695 companies in this sector we hold annual accounts for 7,393. 4,622 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded12-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007035687
Also 9925:BE1007035687
Registered 27-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.