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Generated 23-08-2026
Active BE 1001.842.724Public limited company

QHSE Holding

Beneluxpark(Kor) 1 ·8500 Kortrijk, Belgium· 2 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of QHSE Holding is 0.3% (very low). The 2025 annual accounts show equity of €244k and a net result of €182k. Its solvency ranks better than 16% of 515 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €244k
Net result €182k
Better than sector 16%
Active 2 yrs
Financial profile 4 of 5 axes measured · computed by Checked
Health43Profitability100Solvency7Growth-Stability67
54 / 100

Mixed profile: strong on profitability, weaker on solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 43
Profitability 100
Solvency 7
Growth -
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
43 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 25-11-2025 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 10.3% 46.0%
better than 16% of 515 sector peers
Net result €182k €55k
better than 76% of 515 sector peers
Equity €244k €216k
better than 52% of 515 sector peers
Gross operating margin €315k €97k
better than 80% of 515 sector peers
Employees (FTE) 0.0 0.0
better than 30% of 170 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2025
Depositverkort
Revenue-
EBITDA€314k
Net profit€182k
Cash flow€183k
Staff costs-
Income taxes€61k
Dividends-
Total assets€2.36M
Equity€244k
Debt€2.12M
of which ≤ 1y€1.01M
of which > 1y€1.11M
Working capital€-938k
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio0.07
Quick ratio0.07
Working capital ratio-39.7%
Solvency10.3%
Debt / equity8.68
Long-term debt ratio4.55
Interest coverage4.46
Gross margin-
Net margin-
ROA7.7%
ROE74.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.36M
Fixed assets 21/28€2.29M
Formation expenses 20€1k
Financial fixed assets 28€2.29M
Current assets 29/58€69k
Amounts receivable within one year 40/41€65k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.36M
Equity 10/15€244k
Contributions / capital 10/11€62k
Accumulated profits (losses) 14€182k
Amounts payable 17/49€2.12M
Amounts payable after one year 17€1.11M
Amounts payable within one year 42/48€1.01M
Trade debts payable within one year 44€45k
Income statement
Gross operating margin 9900€315k
Operating result 9901€313k
Financial charges 65€70k
Result before taxes 9903€243k
Income taxes 67/77€61k
Net result for the period 9904€182k
Result to be appropriated 9905€182k
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Pascal Anckaert
    Director
    State Gazette act 25148211 (21-11-2025)
    Former
    - → 22-09-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Public limited company(014)
Incorporation31-10-2023
StatusActive
Postal code8500
Connections & network 1 connected companies
Group structure
FORMA
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control 1 parties
QHSE HoldingBE 1001.842.724
controls
Where this company holds controlthis company sits on their board1
FORMA
1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Establishment units 1 location
QHSE Holding
Beneluxpark(Kor) 1, 8500 KortrijkHoldings
since 20232.351.677.403
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34354D0225/00S000 Flanders 2,934 m² 1 · 709 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
25-11-2025
NBB filing Annual accounts filed
fiscal year 2025 · verkort
21-11-2025
State Gazette act Director changes
v3.2
2024
24-04-2024
State Gazette act Minor change
v3.2
2023
06-11-2023
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 9 months ago
2025
21-11-2025 Pascal Anckaert resigns as director Director changes
  • Pascal Anckaert, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Pascal Anckaert",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-22",
      "evidence_quote": "De aandeelhouder beslist om de heer Pascal Anckaert te ontslaan als bestuurder van de Vennootschap met onmiddellijke ingang."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1001.842.724",
    "name_full": "QHSE HOLDING",
    "legal_form": "NV"
  }
}
2024
24-04-2024 Publication in the Belgian Official Gazette, Minor change Minor change
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "detected_kind": "fiscal_year_change",
  "effective_date": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "1001.842.724",
    "name_full": "QHSE HOLDING",
    "legal_form": "NV"
  },
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "single_shareholder_declaration": null
}
2023
06-11-2023 Incorporation of a new NV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Beneluxpark 1, 8500 Kortrijk",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": null,
        "name": "CENTRUM VOOR KWALITEITSZORG WEST-VLAANDEREN CONSULT \u0026 SERVICE"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "CENTRUM VOOR KWALITEITSZORG WEST-VLAANDEREN CONSULT \u0026 SERVICE",
      "contribution_type": "cash",
      "amount_paid_in_eur": 61500,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 61500,
      "amount_subscribed_eur": 61500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 61500,
  "subject_company": {
    "kbo": "1001.842.724",
    "name_full": "QHSE Holding",
    "legal_form": "NV"
  },
  "initial_directors": [],
  "incorporation_date": "2023-10-31",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
Legal nameNL QHSE Holding
Registered office
Beneluxpark(Kor) 1
8500 Kortrijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative