QL QUARTIER LIBRE
ActiveSummary
QL QUARTIER LIBRE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,018 and a net result of -€14,856. Equity is growing by ~44.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 6612 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability64▼-36
Solvency59▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 2.17 in 2023; short-term debt: 65.7% and cash: 36.9% of total assets), and 65.7% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
34.3%
Return on assets
-4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 5 filingsDeviation from the deadline
2025
59 d late
2023
82 d late
2022
142 d late
2021
507 d late
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 152 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 48% 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. Usually files around 22 October (4 of the last 5 filed years within 114 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,856
2023 · €72,045
Working capital
€15,948▼ 84.0%
2023 · €99,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result-€60,367--€37,908▲ 37.2%-€10,637▲ 71.9%€44,423-€13,816-
Net result-€46,293below the sector's middle half--€23,412below the sector's middle half▲ 49.4%€33,178within the sector's middle half€72,045within the sector's middle half▲ 117%-€14,856-
Equity€40,374within the sector's middle half-€4,462below the sector's middle half▼ 88.9%€83,372within the sector's middle half▲ 1,769%€125,850within the sector's middle half▲ 51.0%€126,018-
Total assets€50,901below the sector's middle half-€129,879below the sector's middle half▲ 155%€207,254below the sector's middle half▲ 59.6%€216,835below the sector's middle half▲ 4.6%€367,382-
Debt€10,527-€125,418▲ 1,091%€123,882▼ 1.2%€90,985▼ 26.6%€241,364-
Working capital€37,478within the sector's middle half-€33,183within the sector's middle half▼ 11.5%€72,754within the sector's middle half▲ 119%€99,454within the sector's middle half▲ 36.7%€15,948-
Solvency79.3%above the sector's middle half-3.4%below the sector's middle half▼ 75.9pp40.2%within the sector's middle half▲ 36.8pp58.0%above the sector's middle half▲ 17.8pp34.3%-
Current ratio4.56above the sector's middle half-1.41within the sector's middle half▼ 3.151.67within the sector's middle half▲ 0.262.17within the sector's middle half▲ 0.501.07-
Return on assets (ROA)-90.9%below the sector's middle half--18.0%below the sector's middle half▲ 72.9pp16.0%above the sector's middle half▲ 34.0pp33.2%above the sector's middle half▲ 17.2pp-4.0%-
Staff (FTE)1.1below the sector's middle half2.2-
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is -€13,816 in 2025, compared with €44,423 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €367,382
Fixed assets
€110,069 ▲ 237%
Current assets
€257,313 ▲ 39.7%
Equity and liabilities €367,382
Equity
€126,018 ▲ 0.1%
Debt
€241,364 ▲ 165%
Debt's share of the balance-sheet total rises from 42.0% to 65.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,843▼
2023 · €55,346
Cash flow
€20,803▼
2023 · €82,968
Quick ratio
0.78▼
2023 · 1.46
Debt to equity
1.92▲
2023 · 0.72
ROE
-11.8%▼
2023 · 57.2%
Interest coverage
7.80▼
2023 · 24.66
Debt ≤ 1 year
€241,364▲
2023 · €84,690
Income taxes
€3,300
Staff costs
€93,673▲
2023 · €55,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 3,441 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
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,084 | €40,218 | €55,395 | €93,673 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €213 | €2,840 | €6,485 | €10,923 | €35,659 | - |
| Other operating charges640/8 | - | - | €252 | €139 | €128 | - |
| Gross operating margin9900 | -€60,141 | -€26,983 | €36,317 | €110,880 | €115,644 | - |
| Operating profit (loss)9901 | -€60,367 | -€37,908 | -€10,637 | €44,423 | -€13,816 | - |
| Financial income75/76B | - | €15,000 | €45,068 | €29,867 | €5,060 | - |
| Recurring financial income75 | €15,006 | €15,000 | €45,068 | €29,867 | €5,060 | - |
| Financial charges65/66B | - | €505 | €1,253 | €2,245 | €2,801 | - |
| Recurring financial charges65 | €932 | €505 | €1,253 | €2,245 | €2,801 | - |
| Profit (loss) for the period before taxes9903 | -€46,293 | -€23,412 | €33,178 | €72,045 | -€11,556 | - |
| Income taxes67/77 | - | - | - | - | €3,300 | - |
| Profit (loss) for the period9904 | -€46,293 | -€23,412 | €33,178 | €72,045 | -€14,856 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,293 | -€23,412 | €33,178 | €72,045 | -€14,856 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,901 | €129,879 | €207,254 | €216,835 | €367,382 | - |
| Fixed assets21/28 | €2,895 | €15,583 | €26,418 | €32,690 | €110,069 | - |
| Intangible fixed assets21 | - | - | €12,871 | €14,938 | €1,867 | - |
| Tangible fixed assets22/27 | €2,895 | €15,291 | €13,254 | €17,459 | €107,910 | - |
| Furniture and vehicles24 | - | €15,291 | €13,254 | €17,459 | €101,250 | - |
| Other tangible fixed assets26 | - | - | - | - | €6,660 | - |
| Financial fixed assets28 | - | €292 | €292 | €292 | €292 | - |
| Current assets29/58 | €48,005 | €114,296 | €180,836 | €184,145 | €257,313 | - |
| Stocks and contracts in progress3 | €3,932 | €47,785 | €61,724 | €60,229 | €68,386 | - |
| Stocks30/36 | - | €47,785 | €61,724 | €60,229 | €68,386 | - |
| Amounts receivable within one year40/41 | €5,237 | €12,775 | €11,798 | €16,020 | €52,166 | - |
| Trade receivables40 | - | €7,611 | €9,266 | €13,966 | €48,985 | - |
| Other amounts receivable41 | - | €5,164 | €2,532 | €2,055 | €3,181 | - |
| Cash at bank and in hand54/58 | €38,836 | €53,736 | €107,314 | €106,235 | €135,476 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,660 | €1,285 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,901 | €129,879 | €207,254 | €216,835 | €367,382 | - |
| Equity10/15 | €40,374 | €4,462 | €83,372 | €125,850 | €126,018 | - |
| Contributions10/11 | - | €58,965 | €60,165 | €60,465 | €69,065 | - |
| Profit (loss) carried forward14 | -€46,293 | -€69,704 | -€36,526 | €35,519 | €36,953 | - |
| Investment grants15 | - | €15,201 | €59,733 | €29,867 | €20,000 | - |
| Amounts payable17/49 | €10,527 | €125,418 | €123,882 | €90,985 | €241,364 | - |
| Amounts payable after more than one year17 | - | €44,304 | €15,800 | €6,294 | - | - |
| Financial debts170/4 | - | €44,304 | €15,800 | €6,294 | - | - |
| Amounts payable within one year42/48 | €10,527 | €81,114 | €108,081 | €84,690 | €241,364 | - |
| Current portion of amounts payable after more than one year42 | - | €1,196 | €15,111 | €10,401 | €2,350 | - |
| Trade debts44 | €7,400 | €77,295 | €81,479 | €67,893 | €224,905 | - |
| Suppliers440/4 | - | €77,295 | €81,479 | €67,893 | €224,905 | - |
| Taxes, remuneration and social security45 | - | €2,296 | €11,492 | €6,396 | €14,109 | - |
| Taxes450/3 | - | €122 | €10,401 | €6,396 | €13,277 | - |
| Remuneration and social security454/9 | - | €2,174 | €1,091 | - | €832 | - |
| Other amounts payable47/48 | - | €327 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,293 | -€23,412 | €33,178 | €72,045 | -€14,856 | - |
| + Depreciation and write-downs630 | €213 | €2,840 | €6,485 | €10,923 | €35,659 | - |
| Operating cash flow (approximation) | -€46,079 | -€20,571 | €39,663 | €82,968 | €20,803 | - |
| Investment in fixed assets (approximation) | - | -€15,528 | -€17,320 | -€17,195 | - | - |
| Change in cash | - | €14,900 | €53,577 | -€1,078 | - | - |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 59 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 82 days late
2023
31-12
Financial
Highest result since 2020net €72,045 ▲117%
Operating result €44,423, net result €72,045, both a record.
31-12
Financial
Equity above €100,000Eq €125,850 ▲51%
2 profitable years in a row build equity to €125,850.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 142 days late
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 507 days late
2022
31-12
Financial
Back to profitnet €33,178
Net result €33,178 after 2 loss-making years.
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2021
Ground area
94 m²
Building footprint
88 m²
Volume, LiDAR
1,140 m³
Parcel 21016B0121/00A006, Brussels · tallest building 21.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Quartier Libre
since 20212.320.170.219
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0121/00A006 | Brussels | 94 m² | 1 · 88 m² | 21.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.320.170.219
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Of 602 companies in sector 47610 we hold annual accounts for 242. 204 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded26-03-2019
Fiscal year end31-12
Abbreviation FR
Quartier Libre
Activities, NACEBEL 2025
47610Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723644447
Also
9925:BE0723644447
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.