Equity
€1.5m ▲ 38.3%
QP en S has made a profit in every financial year since 2006.
QP en S
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €1.7m (2019)
€1.7m▲ 51.7%
peak €1.3m (2019)
€982,792▲ 100%
peak €1.5m (2025)
€1.5m▲ 38.3%
€697,918▼ 28.9%
peak 3.4 FTE (2024)
2.4 FTE▼ 29.4%
Board4 names since 2011
2 directorsTWINS and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Gross margin from €1.1m to €1.7mResult from €490,451 to €982,792Staff from 3.4 FTE to 2.4 FTEDividend €571,429Equity from €1.1m to €1.5mDebts from €981,825 to €697,918
Key points
from the 2025 annual accountsResult
€982,792 ▲ 100%
The result rose in 2025 from €490,451 to €982,792.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and 2 left.
Liquidity
3.26 was 2.10 in 2024
Short-term debts fell from €902,295 to €640,575.
Filings
26 annual accounts since 2000
Three of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
€982,792
Higher net result than 95% of companies in wholesale trade. Sector median €26,717 · 9,877 companies.
Checked score
98
Excellent
Financially stronger than 83% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.26, cash €625,952
Founded in 1999
Equity €1.5m (68.0% of total assets)
Size: 2.4 FTE, total assets €2.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 73% of them on solvency, 78% on liquidity, 95% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as QP en S has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of QP en S itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for QP en S. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.26 (2.1 in 2024), above the usual 1.5. Short-term debt is 29.3% and cash 28.7% of total assets. 32% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
on the day
2023
1 day early
2022
on the day
2021
3 days early
2020
3 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KZ Consulting 70%score 95equity €1.4m (2025) · 2025 annual accounts of KZ Consulting
- MANAGU 50%equity €0 (2023) · 2021 annual accounts of MANAGU
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465637117
Resignation: Managu BV (director)
Permanent representative: Koen Zang · Director discharge: Managu BV · General meeting of 28-09-2022 · Gazette deed
Appointment: KZ Consulting (director)
Permanent representative: Koen Zang · General meeting of 30-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| QP en S Kampenhout | €2.2m | €1.7m | 68.0% | 2.4 |
| GELIS Wielsbeke | €4.0m | €1.3m | 85.1% | 2.7 |
| VESALE PHARMACEUTICA Gembloux | €4.0m | €2.2m | 77.1% | 2.8 |
| THERMOBRASS Aarschot | €3.6m | €0.6m | 60.1% | 3.5 |
| ORTHO-TRENDS Ghent | €1.7m | €1.0m | 43.3% | 1.8 |
| WALSBERGHE Antwerp | €3.1m | €0.9m | 67.1% | 1.3 |
| ICB Brussels | €4.2m | €0.9m | 46.5% | 2 |
These companies have the same main activity as QP en S: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €1.7m and €4.2m, founded between 1990 and 2001.
Official details
Source: KBO- Status
- Active since 15-03-1999Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.090.830.1491910 Kampenhout, since 23-04-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €7.0mestimated
- €2.2m▲ 6.2%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on QP en S
QP en S files the abbreviated format. That format states no turnover. The gross margin rose from €309,848 in 2006 to €1.7m in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
KZ Consulting holds 70% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about QP en S
- What is the company number of QP en S?
- The company number of QP en S is 0465.637.117. The VAT number is the same number with BE in front: BE 0465.637.117.
- Where is QP en S based?
- The registered office is at Industriestraat 2, 1910 Kampenhout.Company details
- What does QP en S do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of QP en S?
- QP en S is a private limited company (BV).
- When was QP en S founded?
- QP en S was founded on 15-03-1999.
- Is QP en S still active?
- Yes, QP en S is an active enterprise in the KBO register.
- How many employees does QP en S have?
- QP en S had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does QP en S fall under?
- In its 2025 annual accounts, QP en S states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of QP en S?
- The turnover in financial year 2025 is ≈ €7.0m. This figure is estimated from the gross margin of €1.7m and 98 comparable companies (NACE 46). It probably lies between €4.2m and €12.0m.
- Is QP en S profitable?
- In financial year 2025, QP en S made a profit of €982,792.
- Where can I find the annual accounts of QP en S?
- QP en S filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of QP en S due?
- QP en S must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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