QLT
ActiveSummary
QLT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-410k) and a net result of €-154k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 903 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.36 in 2024; short-term debt: 34.8% and cash: 2.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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
-74%
Return on assets
-27.8%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-410k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
29 d late
2022
60 d late
2021
31 d late
2020
31 d late
2019
7 d early
← 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, abbreviated schema
Equity
€-410k▼ 60.2%
2024 · €-256k
Total assets
€553k▼ 12.6%
2024 · €633k
Net result
€-154k▲ 4.9%
2024 · €-162k
Working capital
€-153k▼ 102%
2024 · €-76k
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
Line20212022202320242025
Operating result€-132k▲ 40.5%€-177k▼ 34.7%€-170k▲ 4.4%€-152k▲ 10.6%€-153k▼ 1.0%
Net result€-132k▲ 40.5%€-178k▼ 34.3%€-172k▲ 3.4%€-162k▲ 5.6%€-154k▲ 4.9%
Equity€-545k▼ 32.1%€78k€-94k€-256k▼ 173%€-410k▼ 60.2%
Total assets€784k▼ 12.6%€765k▼ 2.4%€713k▼ 6.8%€633k▼ 11.3%€553k▼ 12.6%
Debt€1.33M▲ 1.5%€687k▼ 48.3%€807k▲ 17.4%€888k▲ 10.1%€963k▲ 8.4%
Working capital€-17k€-6k▲ 63.1%€-2k▲ 74.2%€-76k▼ 4,608%€-153k▼ 102%
Staff (FTE)1▲ 25.0%0.3▼ 70.0%1.3▲ 333%1.3=1▼ 23.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €153k in 2025 against €152k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553k
Fixed assets
€513k ▼ 13.0%
Current assets
€40k ▼ 6.5%
Key figures and ratios
EBITDA
€-69k▼
2024 · €-56k
Cash flow
€-70k▼
2024 · €-66k
Solvency
-74.0%▼
2024 · -40.4%
Current ratio
0.21▼
2024 · 0.36
Debt to equity
-2.35▲
2024 · -3.47
ROA
-27.8%▼
2024 · -25.6%
Interest coverage
-90.31▼
2024 · -75.66
Debt ≤ 1 year
€193k▲
2024 · €118k
Debt > 1 year
€770k=
2024 · €770k
Income taxes
€231▼
2024 · €10k
Staff costs
€23k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15k | €4k | €19k | €21k | €23k | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88k | €92k | €97k | €96k | €84k | ▼ 12.5% |
| Other operating charges640/8 | €2k | €1k | €11k | €2k | €3k | ▲ 87.8% |
| Gross operating margin9900 | €-27k | €-80k | €-43k | €-33k | €-43k | ▼ 30.4% |
| Operating profit (loss)9901 | €-132k | €-177k | €-170k | €-152k | €-153k | ▼ 1.0% |
| Financial income75/76B | €0 | €22 | €21 | €452 | €101 | ▼ 77.7% |
| Recurring financial income75 | €0 | €22 | €21 | €452 | €101 | ▼ 77.7% |
| Financial charges65/66B | €333 | €55 | €2k | €735 | €765 | ▲ 4.0% |
| Recurring financial charges65 | €333 | €55 | €2k | €735 | €765 | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €-132k | €-177k | €-171k | €-152k | €-154k | ▼ 1.2% |
| Income taxes67/77 | €269 | €252 | €235 | €10k | €231 | ▼ 97.7% |
| Profit (loss) for the period9904 | €-132k | €-178k | €-172k | €-162k | €-154k | ▲ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €-132k | €-178k | €-172k | €-162k | €-154k | ▲ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784k | €765k | €713k | €633k | €553k | ▼ 12.6% |
| Fixed assets21/28 | €773k | €744k | €678k | €590k | €513k | ▼ 13.0% |
| Tangible fixed assets22/27 | €767k | €738k | €672k | €584k | €507k | ▼ 13.2% |
| Plant, machinery and equipment23 | €24k | €16k | €8k | €3k | €7k | ▲ 154% |
| Furniture and vehicles24 | €74k | €61k | €49k | €36k | €25k | ▼ 31.2% |
| Other tangible fixed assets26 | €669k | €661k | €614k | €545k | €475k | ▼ 12.9% |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €6k | ▲ 1.1% |
| Current assets29/58 | €11k | €21k | €35k | €43k | €40k | ▼ 6.5% |
| Amounts receivable within one year40/41 | €4k | €4k | €6k | €5k | €4k | ▼ 27.4% |
| Trade receivables40 | €580 | €62 | €484 | €728 | €602 | ▼ 17.4% |
| Other amounts receivable41 | €4k | €3k | €5k | €4k | €3k | ▼ 29.2% |
| Cash at bank and in hand54/58 | €4k | €11k | €22k | €14k | €13k | ▼ 8.4% |
| Deferred charges and accrued income490/1 | €2k | €6k | €7k | €23k | €23k | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784k | €765k | €713k | €633k | €553k | ▼ 12.6% |
| Equity10/15 | €-545k | €78k | €-94k | €-256k | €-410k | ▼ 60.2% |
| Contributions10/11 | €19k | €819k | €819k | €819k | €819k | = |
| Outside capital11 | €19k | €819k | €819k | €819k | €819k | = |
| Other1109/19 | €19k | €819k | €819k | €819k | €819k | = |
| Profit (loss) carried forward14 | €-563k | €-741k | €-912k | €-1.07M | €-1.23M | ▼ 14.3% |
| Amounts payable17/49 | €1.33M | €687k | €807k | €888k | €963k | ▲ 8.4% |
| Amounts payable after more than one year17 | €1.30M | €660k | €770k | €770k | €770k | = |
| Financial debts170/4 | €1.30M | €660k | €770k | €770k | €770k | = |
| Other amounts payable178/9 | €130 | €130 | €110 | €110 | €110 | = |
| Amounts payable within one year42/48 | €27k | €27k | €37k | €118k | €193k | ▲ 62.9% |
| Trade debts44 | €4k | €4k | €13k | €23k | €24k | ▲ 1.0% |
| Suppliers440/4 | €4k | €4k | €13k | €23k | €24k | ▲ 1.0% |
| Taxes, remuneration and social security45 | €2k | €1k | €2k | €2k | €1k | ▼ 48.2% |
| Taxes450/3 | €1k | €1k | €568 | €786 | €424 | ▼ 46.0% |
| Remuneration and social security454/9 | €1k | - | €1k | €1k | €678 | ▼ 49.6% |
| Other amounts payable47/48 | €21k | €21k | €22k | €93k | €168k | ▲ 81.1% |
| Accrued charges and deferred income492/3 | €937 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-132k | €-178k | €-172k | €-162k | €-154k | ▲ 4.9% |
| + Depreciation and write-downs630 | €88k | €92k | €97k | €96k | €84k | ▼ 12.5% |
| Operating cash flow (approximation) | €-44k | €-86k | €-75k | €-66k | €-70k | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | €-63k | €-31k | €-8k | €-7k | ▲ 12.0% |
| Change in cash | - | €7k | €11k | €-8k | €-1k | ▲ 84.8% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-222k
Net result drops to €-222k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.90
Current ratio from 1.18 to 4.90; short-term debt falls from €98k to €9k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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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, Gent · 1 establishment unit since 2018
Ground area
2,277 m²
Building footprint
668 m²
Volume, LiDAR
4,032 m³
Parcel 44432C0851/00P003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
QLT
since 20182.279.718.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0851/00P003 | Flanders | 2,277 m² | 1 · 668 m² | 7.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.279.718.744
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Of 725 companies in sector 93192 we hold annual accounts for 87. 70 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
Founded30-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
93192Activities of independent sportspeople
56301Cafés and bars
90312Arts creation and performing arts activities
Scores and ratios are computed by Checked and are not a credit decision.