QONNEX
ActiveQONNEX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €274k and a net result of €13k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 5.64 against 6.57 in 2023; short-term debt: 15.5% and cash: 39.2% of total assets), and 15.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
28 d early
2022
22 d late
2021
54 d early
2020
39 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€274k▲ 4.8%
2023 · €261k
2018: €212k
2019: €102k
2020: €91k
2021: €109k
2022: €228k
2023: €261k
2018 → 2024
Total assets
€324k▲ 4.9%
2023 · €309k
2018: €291k
2019: €116k
2020: €131k
2021: €151k
2022: €321k
2023: €309k
2018 → 2024
Net result
€13k▼ 62.0%
2023 · €33k
2018: €24k
2019: €-9k
2020: €-12k
2021: €18k
2022: €119k
2023: €33k
2018 → 2024
Working capital
€233k▼ 4.6%
2023 · €244k
2018: €206k
2019: €95k
2020: €73k
2021: €91k
2022: €211k
2023: €244k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€91k-€109k▲ 20.4%€228k▲ 109%€261k▲ 14.6%€274k▲ 4.8%
Operating result€-10k-€29k€149k▲ 407%€51k▼ 65.4%€24k▼ 53.0%
Net result€-12k-€18k€119k▲ 544%€33k▼ 72.0%€13k▼ 62.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €324k
Fixed assets
€41k▲ 96.5%
Current assets
€283k▼ 1.7%
Equity and liabilities €324k
Equity
€274k▲ 4.8%
Debt
€50k▲ 5.2%
The debt ratio stays at 15.5%.
Key figures and ratios
EBITDA
€34k▼
2023 · €59k
Cash flow
€22k▼
2023 · €41k
Solvency
84.5%=
2023 · 84.6%
Current ratio
5.64▼
2023 · 6.57
Quick ratio
3.06▼
2023 · 3.10
Debt / equity
0.18▲
2023 · 0.18
ROE
4.6%▼
2023 · 12.7%
ROA
3.9%▼
2023 · 10.8%
Interest coverage
21.66▼
2023 · 23.72
Debt
€50k▲
2023 · €48k
Debt ≤ 1 year
€50k▲
2023 · €44k
Income taxes
€10k▼
2023 · €17k
Staff costs
€9k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€309k€324k▲
Fixed assets21/28€21k€41k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€20k€38k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€18k€35k▲
Financial fixed assets28€385€3k▲
Current assets29/58€288k€283k▼
Stocks and contracts in progress3€152k€129k▼
Stocks30/36€152k€129k▼
Amounts receivable within one year40/41€12k€25k▲
Trade receivables40€12k€16k▲
Other amounts receivable41-€9k
Cash at bank and in hand54/58€123k€127k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€309k€324k▲
Equity10/15€261k€274k▲
Contributions10/11€46k€46k=
Reserves13€175k€188k▲
Distributable reserves133€175k€188k▲
Profit (loss) carried forward14€40k€40k=
Amounts payable17/49€48k€50k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€44k€50k▲
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€7k€7k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€22k€31k▲
Income statement
Code20232024
Remuneration, social security and pensions62€8k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€69k€44k▼
Operating profit (loss)9901€51k€24k▼
Financial income75/76B€1k€5▼
Recurring financial income75€1k€5▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€50k€23k▼
Income taxes67/77€17k€10k▼
Profit (loss) for the period9904€33k€13k▼
Profit (loss) for the period to be appropriated9905€33k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€52k▼
Profit (loss) brought forward from the previous period14P€40k€40k=
Transfer to equity691/2€33k€13k▼
To other reserves6921€33k€13k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2018net €119k ▲544%
Operating result €149k, net result €119k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲109%
2 profitable years in a row build equity to €228k.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €109k ▲20.4%
Equity rises from €91k to €109k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 8.22
Current ratio from 3.62 to 8.22; short-term debt falls from €79k to €13k.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
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.
Directors · office · real estate
Directors
5 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, Aalst · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hollestraat 129310 AalstGround area
3,335 m²
Building footprint
173 m²
Volume, LiDAR
1,031 m³
Parcel 41042E0132/00D000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hollestraat 12, 9310 Aalst
since 20022.115.385.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042E0132/00D000 | Flanders | 3,335 m² | 1 · 173 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
PENDERS ELEKTRO
BE 0473.949.720
Maasmechelen · Eq €274k
ATS-AT YOUR SERVICES
BE 0736.979.769
Willebroek · Eq €274k
VERLIGRO
BE 0454.430.548
Lier · Eq €274k
P.A.C.O.
BE 0477.136.961
Zandhoven · Eq €274k
ELIESE
BE 0466.750.439
Zedelgem · Eq €274k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 7,749 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2002
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46643Wholesale of electrical equipment, including installation materials
47552Retail sale of lighting equipment
47592Retail trade
52442
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.