QLAN
ActiveSummary
QLAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74,286 and a net result of €12,359. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+74
Solvency97▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.41 against 2.04 in 2023; short-term debt: 28.2% and cash: 2.1% of total assets), and 28.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2026, 412 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
412 d late
2023
321 d late
2022
24 d late
2021
61 d late
2020
73 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 164 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€74,286▲ 20.0%
2023 · €61,927
Total assets
€103,512▼ 8.6%
2023 · €113,211
Net result
€12,359
2023 · -€10,921
Working capital
€70,501▲ 39.9%
2023 · €50,383
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€39,898▲ 61.3%€1,926▼ 95.2%€9,368▲ 386%-€5,964€13,936
Net result€31,597▲ 113%€153▼ 99.5%€6,361▲ 4,061%-€10,921€12,359
Equity€66,334▲ 91.0%€66,487▲ 0.2%€72,848▲ 9.6%€61,927▼ 15.0%€74,286▲ 20.0%
Total assets€298,818▲ 96.9%€225,513▼ 24.5%€143,506▼ 36.4%€113,211▼ 21.1%€103,512▼ 8.6%
Debt€232,484▲ 98.7%€159,026▼ 31.6%€70,658▼ 55.6%€51,284▼ 27.4%€29,227▼ 43.0%
Working capital€89,903▲ 42.3%€51,368▼ 42.9%€57,977▲ 12.9%€50,383▼ 13.1%€70,501▲ 39.9%
Staff (FTE)0.5▼ 54.5%0.3▼ 40.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Total assets +97% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13,936 after a loss of €5,964 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103,512
Fixed assets
€3,784 ▼ 73.7%
Current assets
€99,728 ▲ 0.9%
Equity and liabilities €103,512
Equity
€74,286 ▲ 20.0%
Debt
€29,227 ▼ 43.0%
Debt's share of the balance-sheet total falls from 45.3% to 28.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,120▲
2023 · €2,232
Cash flow
€19,542▲
2023 · -€2,725
Current ratio
3.41▲
2023 · 2.04
Debt to equity
0.39▼
2023 · 0.83
ROE
16.6%▲
2023 · -17.6%
ROA
11.9%▲
2023 · -9.6%
Interest coverage
9.71▲
2023 · 0.43
Debt ≤ 1 year
€29,227▼
2023 · €48,439
Income taxes
€1,188▲
2023 · €252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,838 | - | - |
| Remuneration, social security and pensions62 | - | €7,314 | -€532 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,904 | €11,018 | €11,024 | €8,196 | €7,183 | ▼ 12.4% |
| Other operating charges640/8 | - | €3,498 | €1,548 | €1,015 | €4,725 | ▲ 366% |
| Non-recurring operating charges66A | - | €6,018 | - | - | - | - |
| Gross operating margin9900 | €74,154 | €29,774 | €21,407 | €3,247 | €25,845 | ▲ 696% |
| Operating profit (loss)9901 | €39,898 | €1,926 | €9,368 | -€5,964 | €13,936 | ▲ 334% |
| Financial income75/76B | - | €3,789 | €1,846 | €467 | €1,787 | ▲ 283% |
| Recurring financial income75 | €7,442 | €3,789 | €1,846 | €467 | €1,787 | ▲ 283% |
| Financial charges65/66B | - | €4,497 | €1,248 | €5,172 | €2,176 | ▼ 57.9% |
| Recurring financial charges65 | €1,764 | €4,497 | €1,248 | €5,172 | €2,176 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | €45,576 | €1,217 | €9,966 | -€10,669 | €13,547 | ▲ 227% |
| Income taxes67/77 | €13,979 | €1,064 | €3,604 | €252 | €1,188 | ▲ 371% |
| Profit (loss) for the period9904 | €31,597 | €153 | €6,361 | -€10,921 | €12,359 | ▲ 213% |
| Profit (loss) for the period to be appropriated9905 | €31,597 | €153 | €6,361 | -€10,921 | €12,359 | ▲ 213% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,818 | €225,513 | €143,506 | €113,211 | €103,512 | ▼ 8.6% |
| Fixed assets21/28 | €45,502 | €35,484 | €24,745 | €14,389 | €3,784 | ▼ 73.7% |
| Tangible fixed assets22/27 | €45,002 | €34,984 | €23,960 | €13,604 | €2,999 | ▼ 78.0% |
| Plant, machinery and equipment23 | - | €873 | €606 | €406 | €206 | ▼ 49.3% |
| Furniture and vehicles24 | - | €34,111 | €23,354 | €13,199 | €2,794 | ▼ 78.8% |
| Financial fixed assets28 | €500 | €500 | €785 | €785 | €785 | = |
| Current assets29/58 | €253,316 | €190,029 | €118,761 | €98,822 | €99,728 | ▲ 0.9% |
| Stocks and contracts in progress3 | €504 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €247,289 | €155,381 | €103,816 | €96,665 | €97,525 | ▲ 0.9% |
| Trade receivables40 | - | €101,875 | €89,046 | €82,898 | €77,759 | ▼ 6.2% |
| Other amounts receivable41 | - | €53,506 | €14,771 | €13,767 | €19,766 | ▲ 43.6% |
| Cash at bank and in hand54/58 | €1,620 | €26,474 | €2,619 | €1,056 | €2,137 | ▲ 102% |
| Deferred charges and accrued income490/1 | - | €8,174 | €12,326 | €1,101 | €65 | ▼ 94.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,818 | €225,513 | €143,506 | €113,211 | €103,512 | ▼ 8.6% |
| Equity10/15 | €66,334 | €66,487 | €72,848 | €61,927 | €74,286 | ▲ 20.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €53,934 | €53,934 | €60,295 | €59,846 | €61,886 | ▲ 3.4% |
| Non-distributable reserves130/1 | - | €449 | €449 | - | - | - |
| Reserves not available under the articles1311 | - | €449 | €449 | - | - | - |
| Distributable reserves133 | - | €53,484 | €59,846 | €59,846 | €61,886 | ▲ 3.4% |
| Profit (loss) carried forward14 | - | €153 | €153 | -€10,319 | - | - |
| Amounts payable17/49 | €232,484 | €159,026 | €70,658 | €51,284 | €29,227 | ▼ 43.0% |
| Amounts payable after more than one year17 | €30,827 | €20,365 | €9,874 | €2,845 | - | - |
| Financial debts170/4 | - | €20,365 | €9,874 | €2,845 | - | - |
| Amounts payable within one year42/48 | €163,412 | €138,661 | €60,784 | €48,439 | €29,227 | ▼ 39.7% |
| Current portion of amounts payable after more than one year42 | - | €10,218 | €10,492 | €7,789 | €2,845 | ▼ 63.5% |
| Trade debts44 | €119,899 | €109,582 | €28,883 | €36,885 | €15,675 | ▼ 57.5% |
| Suppliers440/4 | - | €109,582 | €28,883 | €36,885 | €15,675 | ▼ 57.5% |
| Advances received on contracts in progress46 | - | €1,078 | €9,764 | - | - | - |
| Taxes, remuneration and social security45 | - | €17,783 | €11,645 | €3,765 | €10,706 | ▲ 184% |
| Taxes450/3 | - | €15,811 | €11,645 | €3,765 | €10,706 | ▲ 184% |
| Remuneration and social security454/9 | - | €1,972 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,597 | €153 | €6,361 | -€10,921 | €12,359 | ▲ 213% |
| + Depreciation and write-downs630 | €7,904 | €11,018 | €11,024 | €8,196 | €7,183 | ▼ 12.4% |
| Operating cash flow (approximation) | €39,501 | €11,171 | €17,385 | -€2,725 | €19,542 | ▲ 817% |
| Investment in fixed assets (approximation) | - | -€1,000 | -€285 | €2,160 | €3,422 | ▲ 58.4% |
| Change in cash | - | €24,855 | -€23,855 | -€1,563 | €1,081 | ▲ 169% |
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
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 412 days late
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 321 days late
2024
31-12
Financial
Back to profitnet €12,359
Net result €12,359 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet -€10,921
Net result drops to -€10,921, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-12
Financial
Highest result since 2018net €31,597 ▲113%
Operating result €39,898, net result €31,597, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Mechelen · 1 establishment unit since 2011
Ground area
3,774 m²
Building footprint
1,005 m²
Volume, LiDAR
16,687 m³
Parcel 12402A0204/00R000, Flanders · tallest building 24.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
LUXUSS
since 20112.200.200.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0204/00R000 | Flanders | 3,774 m² | 1 · 1,004 m² | 24.9 m · 6 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.
Similar companies · same sector, comparable size
BOMA - SERVICE
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ConstruBloc
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NAWEN
BE 0801.587.214
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GEBRO BESTRATINGEN
BE 0879.608.767
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,234 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
Founded19-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
46130Agents in the wholesale of timber and building materials
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836386161
Also
9925:BE0836386161
Registered
05-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.