QGD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €849k and a net result of €-27k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 5511 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5511 sector peers (2025).
NBB · sector comparisonPosition among 5511 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
51 d early
2022
17 d early
2021
30 d late
2020
31 d early
2019
81 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€849k▼ 3.1%
2024 · €875k
2018: €448k
2019: €605k
2020: €698k
2021: €768k
2022: €748k
2023: €839k
2024: €875k
2018 → 2025
Net result
€-27k
2024 · €36k
2018: €151k
2019: €157k
2020: €92k
2021: €71k
2022: €-20k
2023: €91k
2024: €36k
2018 → 2025
Total assets
€6.63M▼ 0.9%
2024 · €6.69M
2018: €3.73M
2019: €3.61M
2020: €3.48M
2021: €5.16M
2022: €6.16M
2023: €6.45M
2024: €6.69M
2018 → 2025
Solvency
12.8%▼ 0.3pp
2024 · 13.1%
2018: 12.0%
2019: 16.8%
2020: 20.0%
2021: 14.9%
2022: 12.1%
2023: 13.0%
2024: 13.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€360k
Equity€768k-€748k▼ 2.7%€839k▲ 12.2%€875k▲ 4.3%€849k▼ 3.1%
Operating result€133k-€179k▲ 34.3%€241k▲ 34.5%€189k▼ 21.5%€97k▼ 48.8%
Net result€71k-€-20k€91k€36k▼ 60.2%€-27k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.63M
Fixed assets
€6.54M▼ 1.7%
Current assets
€91k▲ 175%
Equity and liabilities €6.63M
Equity
€849k▼ 3.1%
Debt
€5.78M▼ 0.5%
The debt ratio rises from 86.9% to 87.2%. Equity and debt are lower.
Key figures and ratios
Solvency
12.8%▼
2024 · 13.1%
ROE
-3.1%▼
2024 · 4.1%
ROA
-0.4%▼
2024 · 0.5%
Debt
€5.78M▼
2024 · €5.81M
Debt ≤ 1 year
€1.20M▲
2024 · €1.03M
Debt > 1 year
€4.57M▼
2024 · €4.78M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.69M€6.63M▼
Fixed assets21/28€6.65M€6.54M▼
Tangible fixed assets22/27€4.50M€4.39M▼
Land and buildings22€4.26M€4.17M▼
Plant, machinery and equipment23€241k€223k▼
Financial fixed assets28€2.15M€2.15M=
Current assets29/58€33k€91k▲
Amounts receivable within one year40/41€29k€68k▲
Trade receivables40€18k€60k▲
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€4k€23k▲
Deferred charges and accrued income490/1€144€149▲
Equity and liabilities
Total equity and liabilities10/49€6.69M€6.63M▼
Equity10/15€875k€849k▼
Contributions10/11€100k€100k=
Reserves13€775k€749k▼
Distributable reserves133€775k€749k▼
Amounts payable17/49€5.81M€5.78M▼
Amounts payable after more than one year17€4.78M€4.57M▼
Financial debts170/4€3.78M€3.47M▼
Other amounts payable178/9€1.00M€1.10M▲
Amounts payable within one year42/48€1.03M€1.20M▲
Current portion of amounts payable after more than one year42€298k€308k▲
Trade debts44€48k€187k▲
Suppliers440/4€48k€187k▲
Taxes, remuneration and social security45€39k€8k▼
Taxes450/3€39k€8k▼
Other amounts payable47/48€643k€703k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€116k▼
Other operating charges640/8€357k€522k▲
Gross operating margin9900€706k€734k▲
Operating profit (loss)9901€189k€97k▼
Financial charges65/66B€140k€123k▼
Recurring financial charges65€140k€123k▼
Profit (loss) for the period before taxes9903€49k€-27k▼
Income taxes67/77€13k-
Profit (loss) for the period9904€36k€-27k▼
Profit (loss) for the period to be appropriated9905€36k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€-27k▼
Transfer from equity791/2-€27k
Transfer to equity691/2€36k-
To other reserves6921€36k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-27k ▼174%
Net result drops to €-27k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €157k ▲3.8%
Operating result €282k, net result €157k, both a record.
31-12
Financial
Equity above €500kEq €605k ▲35%
2 profitable years in a row build equity to €605k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wingene · 1 establishment unit since 2015
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.
Kortrijksteenweg 31A8750 WingeneGround area
9,599 m²
Building footprint
5,148 m²
Volume, LiDAR
36,329 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
QGD
since 20152.242.561.410
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B1083/00V000 | Flanders | 8,776 m² | 1 · 5,070 m² | 9.9 m · 3 fl. |
| 37019B1083/00N000 | Flanders | 823 m² | 1 · 78 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,760. 13,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2015
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.