QP FABRICS
ActiveThe computed 12-month bankruptcy probability of QP FABRICS is 1.8% (moderate). The 2024 annual accounts show equity of €59k and a net result of €35k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 47% of 26053 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+4
Solvency54▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.13 in 2023; short-term debt: 48.8% and cash: 50.8% of total assets), but 70.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
29.5%
Return on assets
17.3%
Age of the figures
20 mo
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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
66 d early
2021
26 d early
2020
24 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€59k▲ 8.5%
2023 · €54k
2019: €34k
2020: €69k
2021: €130k
2022: €71k
2023: €54k
2019 → 2024
Total assets
€200k▼ 19.9%
2023 · €250k
2019: €67k
2020: €129k
2021: €195k
2022: €235k
2023: €250k
2019 → 2024
Net result
€35k▲ 2.7%
2023 · €34k
2019: €14k
2020: €35k
2021: €61k
2022: €41k
2023: €34k
2019 → 2024
Working capital
€92k▼ 26.3%
2023 · €125k
2019: €22k
2020: €54k
2021: €117k
2022: €58k
2023: €125k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€130k▲ 87.9%€71k▼ 45.7%€54k▼ 23.0%€59k▲ 8.5%
Operating result€44k-€75k▲ 72.4%€51k▼ 32.3%€43k▼ 16.2%€44k▲ 2.0%
Net result€35k-€61k▲ 74.3%€41k▼ 33.5%€34k▼ 16.7%€35k▲ 2.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200k
Fixed assets
€11k▼ 26.9%
Current assets
€190k▼ 19.5%
Equity and liabilities €200k
Equity
€59k▲ 8.5%
Debt
€141k▼ 27.8%
The debt ratio falls from 78.2% to 70.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2023 · €47k
Cash flow
€39k▲
2023 · €38k
Solvency
29.5%▲
2023 · 21.8%
Current ratio
1.94▼
2023 · 2.13
Quick ratio
1.47▼
2023 · 1.81
Debt / equity
2.39▼
2023 · 3.60
ROE
58.7%▼
2023 · 62.0%
ROA
17.3%▲
2023 · 13.5%
Interest coverage
238.49▲
2023 · 233.08
Debt
€141k▼
2023 · €196k
Debt ≤ 1 year
€98k▼
2023 · €111k
Debt > 1 year
€43k▼
2023 · €85k
Income taxes
€9k▼
2023 · €9k
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€250k€200k▼
Fixed assets21/28€15k€11k▼
Intangible fixed assets21€333€0▼
Tangible fixed assets22/27€14k€11k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€235k€190k▼
Stocks and contracts in progress3€35k€46k▲
Stocks30/36€35k€46k▲
Amounts receivable within one year40/41€54k€40k▼
Trade receivables40€46k€33k▼
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€146k€102k▼
Deferred charges and accrued income490/1€666€2k▲
Equity and liabilities
Total equity and liabilities10/49€250k€200k▼
Equity10/15€54k€59k▲
Contributions10/11€20k€20k=
Reserves13€34k€39k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€34k€39k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€196k€141k▼
Amounts payable after more than one year17€85k€43k▼
Other amounts payable178/9€85k€43k▼
Amounts payable within one year42/48€111k€98k▼
Trade debts44€36k€37k▲
Suppliers440/4€36k€37k▲
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€24k€21k▼
Taxes450/3€24k€21k▼
Other amounts payable47/48€51k€31k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€50k€53k▲
Operating profit (loss)9901€43k€44k▲
Financial charges65/66B€204€199▼
Recurring financial charges65€204€199▼
Profit (loss) for the period before taxes9903€43k€43k▲
Income taxes67/77€9k€9k▼
Profit (loss) for the period9904€34k€35k▲
Profit (loss) for the period to be appropriated9905€34k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€35k▲
Transfer from equity791/2€50k€0▼
Transfer to equity691/2€34k€5k▼
To other reserves6921€34k€5k▼
Profit to be distributed694/7€50k€30k▼
Return on contributions (dividend)694€50k€30k▼
The notes to these accounts (7 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
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €61k ▲74.3%
Operating result €75k, net result €61k, both a record.
31-12
Financial
Equity above €100kEq €130k ▲87.9%
3 profitable years in a row build equity to €130k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
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.
Directors · office · real estate
Directors
2 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, Lommel · 1 establishment unit since 2019
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.
Michiel Jansplein 283920 LommelGround area
2,212 m²
Building footprint
2,130 m²
Volume, LiDAR
10,593 m³
Parcel 72020C0353/00S000, Flanders · tallest building 13.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
QP FABRICS
since 20192.285.838.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C0353/00S000 | Flanders | 2,212 m² | 1 · 2,130 m² | 13.7 m · 1 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
TEXTILES ALBERT
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DOCHEZ-HOTTON DECORATION
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LA MAISON DU STORE
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BERTRIX - DECORS
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Of 531 companies in sector 47530 we hold annual accounts for 323. 256 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2019
Fiscal year end31-12
Activities, NACEBEL
47530Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.