QOL
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-02-2025, 161 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
161 d early
2023
22 d late
2022
26 d early
2021
47 d early
2020
45 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€889,229▲ 9.3%
2023 · €813,769
Total assets
€901,078▲ 9.8%
2023 · €820,818
Net result
€75,460▼ 70.8%
2023 · €258,659
Working capital
€889,229▲ 10.4%
2023 · €805,778
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€64,915▲ 51.4%€66,460▲ 2.4%€74,028▲ 11.4%-€187,178-€16,213▲ 91.3%
Net result€45,029▲ 64.6%€46,397▲ 3.0%€130,952▲ 182%€258,659▲ 97.5%€75,460▼ 70.8%
Equity€572,762▼ 0.9%€569,159▼ 0.6%€555,111▼ 2.5%€813,769▲ 46.6%€889,229▲ 9.3%
Total assets€774,535▲ 4.0%€794,681▲ 2.6%€747,892▼ 5.9%€820,818▲ 9.8%€901,078▲ 9.8%
Debt€201,772▲ 20.7%€225,522▲ 11.8%€192,782▼ 14.5%€7,048▼ 96.3%€11,849▲ 68.1%
Working capital-€97,238▼ 5.4%-€100,841▼ 3.7%-€114,889▼ 13.9%€805,778€889,229▲ 10.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +98% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,213 in 2024 against €187,178 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €901,078
Equity
€889,229 ▲ 9.3%
Debt
€11,849 ▲ 68.1%
Debt's share of the balance-sheet total rises from 0.9% to 1.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€16,213▲
2023 · -€185,802
Cash flow
€75,460▼
2023 · €260,034
Current ratio
76.05
Debt to equity
0.01▲
2023 · 0.01
ROE
8.5%▼
2023 · 31.8%
ROA
8.4%▼
2023 · 31.5%
Interest coverage
-233.88▲
2023 · -3683.63
Debt ≤ 1 year
€11,849▲
2023 · €7,048
Income taxes
€12,075▼
2023 · €25,866
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,376 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,977 | €970 | €493 | €505 | ▲ 2.4% |
| Non-recurring operating charges66A | - | - | - | €177,566 | €0 | ▼ 100% |
| Gross operating margin9900 | €65,069 | €68,436 | €74,998 | -€7,743 | -€15,708 | ▼ 103% |
| Operating profit (loss)9901 | €64,915 | €66,460 | €74,028 | -€187,178 | -€16,213 | ▲ 91.3% |
| Financial income75/76B | - | - | €86,779 | €471,753 | €103,817 | ▼ 78.0% |
| Recurring financial income75 | - | - | €86,779 | €1,458 | €103,817 | ▲ 7,022% |
| Non-recurring financial income76B | - | - | - | €470,295 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,063 | €50 | €50 | €69 | ▲ 37.4% |
| Recurring financial charges65 | €5,020 | €3,063 | €50 | €50 | €69 | ▲ 37.4% |
| Profit (loss) for the period before taxes9903 | €59,895 | €63,397 | €160,758 | €284,525 | €87,535 | ▼ 69.2% |
| Income taxes67/77 | €14,865 | €17,000 | €29,806 | €25,866 | €12,075 | ▼ 53.3% |
| Profit (loss) for the period9904 | €45,029 | €46,397 | €130,952 | €258,659 | €75,460 | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €45,029 | €46,397 | €130,952 | €258,659 | €75,460 | ▼ 70.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €774,535 | €794,681 | €747,892 | €820,818 | €901,078 | ▲ 9.8% |
| Fixed assets21/28 | €670,000 | €670,000 | €670,000 | €7,991 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | €7,991 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €4,992 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €2,999 | €0 | ▼ 100% |
| Financial fixed assets28 | €670,000 | €670,000 | €670,000 | €0 | - | - |
| Current assets29/58 | €104,535 | €124,681 | €77,892 | €812,827 | €901,078 | ▲ 10.9% |
| Amounts receivable within one year40/41 | €4,000 | €84,497 | €52,287 | €40,570 | €46,841 | ▲ 15.5% |
| Trade receivables40 | - | €4,000 | €0 | €998 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €80,497 | €52,287 | €39,571 | €46,841 | ▲ 18.4% |
| Current investments50/53 | - | - | - | €658,327 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €100,535 | €40,184 | €25,606 | €113,930 | €854,237 | ▲ 650% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €774,535 | €794,681 | €747,892 | €820,818 | €901,078 | ▲ 9.8% |
| Equity10/15 | €572,762 | €569,159 | €555,111 | €813,769 | €889,229 | ▲ 9.3% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €422,762 | €419,159 | €405,111 | €663,769 | €739,229 | ▲ 11.4% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves not available under the articles1311 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | - | €404,159 | €390,111 | €648,769 | €724,229 | ▲ 11.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €201,772 | €225,522 | €192,782 | €7,048 | €11,849 | ▲ 68.1% |
| Amounts payable within one year42/48 | €201,772 | €225,522 | €192,782 | €7,048 | €11,849 | ▲ 68.1% |
| Financial debts43 | - | - | - | €301 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €301 | €0 | ▼ 100% |
| Trade debts44 | €22,834 | €23,399 | €2,319 | €2,210 | €10,322 | ▲ 367% |
| Suppliers440/4 | - | €23,399 | €2,319 | €2,210 | €10,322 | ▲ 367% |
| Taxes, remuneration and social security45 | - | €12,452 | €0 | €34 | €1,527 | ▲ 4,432% |
| Taxes450/3 | - | €12,452 | €0 | €34 | €1,527 | ▲ 4,432% |
| Other amounts payable47/48 | - | €189,671 | €190,463 | €4,504 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,029 | €46,397 | €130,952 | €258,659 | €75,460 | ▼ 70.8% |
| + Depreciation and write-downs630 | - | - | - | €1,376 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €45,029 | €46,397 | €130,952 | €260,034 | €75,460 | ▼ 71.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €660,633 | €7,991 | ▼ 98.8% |
| Change in cash | - | -€60,350 | -€14,579 | €88,324 | €740,307 | ▲ 738% |
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
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2018net €258,659 ▲97.5%
Net result €258,659, the highest in the series.
31-12
Financial
Liquidity times 285current ratio 115.32
Current ratio from 0.40 to 115.32; short-term debt falls from €192,782 to €7,048.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 2
-
99.87%
-
38.71%
According to the 2022 annual accounts of QOL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.