Qinfong
ActiveSummary
The computed 12-month bankruptcy probability of Qinfong is 3.4% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-2k. Equity is shrinking by ~63% per year across the filed fiscal years. Its solvency ranks better than 7% of 11389 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.45 in 2024; short-term debt: 283.4% and cash: 40.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
-183.4%
Return on assets
-42%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 4 filingsDeviation from the deadline
2025
10 d late
2024
56 d late
2023
57 d late
2022
331 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-11k▼ 29.7%
2024 · €-8k
2022: €258highest in 4 years
2023: €-3k▼ -1426% vs 2022
2024: €-8k▼ -138% vs 2023
2025: €-11k▼ -29.7% vs 2024lowest in 4 years
2022 → 2025
Total assets
€6k▼ 27.8%
2024 · €8k
2022: €6k
2023: €8k▲ +24.0% vs 2022
2024: €8k▲ +5.0% vs 2023highest in 4 years
2025: €6k▼ -27.8% vs 2024lowest in 4 years
2022 → 2025
Net result
€-2k▲ 48.8%
2024 · €-5k
2022: €-5klowest in 4 years
2023: €-4k▲ +22.2% vs 2022
2024: €-5k▼ -28.2% vs 2023
2025: €-2k▲ +48.8% vs 2024highest in 4 years
2022 → 2025
Working capital
€-11k▼ 24.1%
2024 · €-9k
2022: €-993highest in 4 years
2023: €-4k▼ -339% vs 2022
2024: €-9k▼ -102% vs 2023
2025: €-11k▼ -24.1% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€258-€-3k€-8k▼ 138%€-11k▼ 29.7%
2022: €258highest in 4 years
2023: €-3k▼ -1426% vs 2022
2024: €-8k▼ -138% vs 2023
2025: €-11k▼ -29.7% vs 2024lowest in 4 years
Operating result€-5k-€-3k▲ 41.3%€-4k▼ 60.5%€-2k▲ 51.3%
2022: €-5klowest in 4 years
2023: €-3k▲ +41.3% vs 2022
2024: €-4k▼ -60.5% vs 2023
2025: €-2k▲ +51.3% vs 2024highest in 4 years
Net result€-5k-€-4k▲ 22.2%€-5k▼ 28.2%€-2k▲ 48.8%
2022: €-5klowest in 4 years
2023: €-4k▲ +22.2% vs 2022
2024: €-5k▼ -28.2% vs 2023
2025: €-2k▲ +48.8% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€351 ▼ 46.1%
Current assets
€5k ▼ 26.2%
Key figures and ratios
EBITDA
€-2k▲
2024 · €-4k
Cash flow
€-2k▲
2024 · €-4k
Solvency
-183.4%▼
2024 · -102.1%
Current ratio
0.33▼
2024 · 0.45
Debt to equity
-1.55▲
2024 · -1.98
ROA
-42.0%▲
2024 · -59.2%
Interest coverage
-7.31▲
2024 · -14.67
Debt
€16k▲
2024 · €16k
Debt ≤ 1 year
€16k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8k€6k▼
Fixed assets21/28€651€351▼
Tangible fixed assets22/27€651€351▼
Plant, machinery and equipment23€651€351▼
Current assets29/58€7k€5k▼
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€17€852▲
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€8k€6k▼
Equity10/15€-8k€-11k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-13k€-16k▼
Amounts payable17/49€16k€16k▲
Amounts payable within one year42/48€16k€16k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€132€21▼
Taxes450/3€132€21▼
Other amounts payable47/48€12k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300€300=
Other operating charges640/8€759€253▼
Gross operating margin9900€-3k€-2k▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€283€255▼
Recurring financial charges65€283€255▼
Profit (loss) for the period before taxes9903€-5k€-2k▲
Profit (loss) for the period9904€-5k€-2k▲
Profit (loss) for the period to be appropriated9905€-5k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-16k▼
Profit (loss) brought forward from the previous period14P€-8k€-13k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €300 | €300 | €300 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | - | - | - |
| Other operating charges640/8 | €398 | €732 | €759 | €253 | ▼ 66.6% |
| Gross operating margin9900 | €-2k | €-2k | €-3k | €-2k | ▲ 52.4% |
| Operating profit (loss)9901 | €-5k | €-3k | €-4k | €-2k | ▲ 51.3% |
| Financial income75/76B | - | €1 | - | €2 | - |
| Recurring financial income75 | - | €1 | - | €2 | - |
| Financial charges65/66B | €26 | €917 | €283 | €255 | ▼ 9.6% |
| Recurring financial charges65 | €26 | €917 | €283 | €255 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €-5k | €-4k | €-5k | €-2k | ▲ 48.8% |
| Profit (loss) for the period9904 | €-5k | €-4k | €-5k | €-2k | ▲ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-4k | €-5k | €-2k | ▲ 48.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6k | €8k | €8k | €6k | ▼ 27.8% |
| Fixed assets21/28 | €1k | €951 | €651 | €351 | ▼ 46.1% |
| Tangible fixed assets22/27 | €1k | €951 | €651 | €351 | ▼ 46.1% |
| Plant, machinery and equipment23 | €1k | €951 | €651 | €351 | ▼ 46.1% |
| Current assets29/58 | €5k | €7k | €7k | €5k | ▼ 26.2% |
| Amounts receivable within one year40/41 | €352 | €4k | €4k | €3k | ▼ 29.7% |
| Trade receivables40 | - | €4k | €4k | €2k | ▼ 48.8% |
| Other amounts receivable41 | €352 | €5 | €17 | €852 | ▲ 4,952% |
| Cash at bank and in hand54/58 | €5k | €2k | €3k | €2k | ▼ 20.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6k | €8k | €8k | €6k | ▼ 27.8% |
| Equity10/15 | €258 | €-3k | €-8k | €-11k | ▼ 29.7% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-5k | €-8k | €-13k | €-16k | ▼ 18.4% |
| Amounts payable17/49 | €6k | €11k | €16k | €16k | ▲ 1.2% |
| Amounts payable within one year42/48 | €6k | €11k | €16k | €16k | ▲ 1.2% |
| Trade debts44 | €175 | €8k | €4k | €2k | ▼ 54.1% |
| Suppliers440/4 | €175 | €8k | €4k | €2k | ▼ 54.1% |
| Taxes, remuneration and social security45 | - | €340 | €132 | €21 | ▼ 84.0% |
| Taxes450/3 | - | €340 | €132 | €21 | ▼ 84.0% |
| Other amounts payable47/48 | €6k | €3k | €12k | €15k | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | €20 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-4k | €-5k | €-2k | ▲ 48.8% |
| + Depreciation and write-downs630 | €1k | €300 | €300 | €300 | = |
| Operating cash flow (approximation) | €-3k | €-3k | €-4k | €-2k | ▲ 52.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €682 | €-612 | ▼ 190% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 331 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Spa · 1 establishment unit since 2021
Ground area
279 m²
Building footprint
145 m²
Volume, LiDAR
1,356 m³
2 parcels, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Qinfong
since 20212.318.588.426
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072H0614/00E002 | Wallonia | 197 m² | 1 · 67 m² | 8.6 m · 2 fl. |
| 63072G0240/00A000 | Wallonia | 82 m² | 1 · 78 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSpa2.318.588.426
Similar companies · same sector, comparable size
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Distriweiss
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EQUUS SPORT EUROPE
BE 0892.221.737
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Of 1,423 companies in sector 46389 we hold annual accounts for 853. 36 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
Founded11-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47252Retail sale of beverages, general range
Scores and ratios are computed by Checked and are not a credit decision.