QPWARE
ActiveSummary
QPWARE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €15k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency99▲+41
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 1.48 in 2023; short-term debt: 26.1% and cash: 49.7% of total assets), and 26.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
20 d early
2022
20 d early
2021
31 d early
2020
5 d late
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€47k▲ 85.7%
2023 · €25k
Total assets
€64k▼ 15.8%
2023 · €76k
Net result
€15k▼ 31.3%
2023 · €22k
Working capital
€42k▲ 74.5%
2023 · €24k
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€-280€7k€22k▲ 221%€33k▲ 48.8%€23k▼ 29.3%
Net result€-3k€3k€16k▲ 409%€22k▲ 42.9%€15k▼ 31.3%
Equity€20k▼ 11.9%€24k▲ 14.9%€39k▲ 66.0%€25k▼ 35.3%€47k▲ 85.7%
Total assets€49k▼ 28.8%€51k▲ 4.0%€55k▲ 7.0%€76k▲ 38.5%€64k▼ 15.8%
Debt€28k▼ 37.5%€27k▼ 3.8%€15k▼ 43.6%€50k▲ 225%€17k▼ 66.9%
Working capital€11k▼ 20.0%€15k▲ 39.5%€37k▲ 140%€24k▼ 34.9%€42k▲ 74.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€5k ▲ 344%
Current assets
€59k ▼ 20.9%
Equity and liabilities €64k
Equity
€47k ▲ 85.7%
Debt
€17k ▼ 66.9%
Debt's share of the balance-sheet total falls from 66.5% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €34k
Cash flow
€16k▼
2023 · €23k
Current ratio
3.54▲
2023 · 1.48
Debt to equity
0.35▼
2023 · 1.99
ROE
32.5%▼
2023 · 87.8%
ROA
24.0%▼
2023 · 29.4%
Interest coverage
14.51▼
2023 · 16.15
Debt ≤ 1 year
€17k▼
2023 · €50k
Income taxes
€6k▼
2023 · €8k
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 | €8k | €8k | €680 | €815 | €704 | ▼ 13.6% |
| Other operating charges640/8 | - | €2k | €3k | €4k | €2k | ▼ 59.7% |
| Gross operating margin9900 | €9k | €17k | €25k | €38k | €25k | ▼ 32.2% |
| Operating profit (loss)9901 | €-280 | €7k | €22k | €33k | €23k | ▼ 29.3% |
| Financial charges65/66B | - | €962 | €804 | €2k | €2k | ▼ 20.8% |
| Recurring financial charges65 | €1k | €962 | €804 | €2k | €2k | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €6k | €21k | €31k | €21k | ▼ 29.8% |
| Income taxes67/77 | €1k | €3k | €6k | €8k | €6k | ▼ 26.1% |
| Profit (loss) for the period9904 | €-3k | €3k | €16k | €22k | €15k | ▼ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €3k | €16k | €22k | €15k | ▼ 31.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €51k | €55k | €76k | €64k | ▼ 15.8% |
| Fixed assets21/28 | €22k | €14k | €2k | €1k | €5k | ▲ 344% |
| Tangible fixed assets22/27 | €22k | €14k | €2k | €1k | €5k | ▲ 344% |
| Furniture and vehicles24 | - | €733 | €2k | €1k | €5k | ▲ 344% |
| Leasing and similar rights25 | - | €14k | - | - | - | - |
| Current assets29/58 | €27k | €37k | €53k | €74k | €59k | ▼ 20.9% |
| Amounts receivable within one year40/41 | €15k | €16k | €18k | €19k | €16k | ▼ 12.2% |
| Trade receivables40 | - | €12k | €16k | €17k | €12k | ▼ 29.7% |
| Other amounts receivable41 | - | €3k | €2k | €2k | €4k | ▲ 176% |
| Cash at bank and in hand54/58 | €10k | €19k | €17k | €41k | €32k | ▼ 23.8% |
| Deferred charges and accrued income490/1 | - | €2k | €17k | €14k | €11k | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €51k | €55k | €76k | €64k | ▼ 15.8% |
| Equity10/15 | €20k | €24k | €39k | €25k | €47k | ▲ 85.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €19k | ▲ 200% |
| Reserves13 | €2k | €2k | €2k | €19k | €19k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €19k | €19k | = |
| Profit (loss) carried forward14 | €12k | €15k | €31k | - | €9k | - |
| Amounts payable17/49 | €28k | €27k | €15k | €50k | €17k | ▼ 66.9% |
| Amounts payable after more than one year17 | €13k | €6k | - | - | - | - |
| Financial debts170/4 | - | €6k | - | - | - | - |
| Amounts payable within one year42/48 | €16k | €21k | €15k | €50k | €17k | ▼ 66.9% |
| Current portion of amounts payable after more than one year42 | - | €6k | - | - | - | - |
| Trade debts44 | €2k | €2k | €1k | €1k | €998 | ▼ 27.8% |
| Suppliers440/4 | - | €2k | €1k | €1k | €998 | ▼ 27.8% |
| Taxes, remuneration and social security45 | - | €13k | €14k | €13k | €10k | ▼ 25.2% |
| Taxes450/3 | - | €13k | €14k | €13k | €10k | ▼ 25.8% |
| Remuneration and social security454/9 | - | - | - | - | €74 | - |
| Other amounts payable47/48 | - | - | - | €36k | €6k | ▼ 83.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €3k | €16k | €22k | €15k | ▼ 31.3% |
| + Depreciation and write-downs630 | €8k | €8k | €680 | €815 | €704 | ▼ 13.6% |
| Operating cash flow (approximation) | €5k | €11k | €16k | €23k | €16k | ▼ 30.6% |
| Investment in fixed assets (approximation) | - | €0 | €12k | €0 | €-4k | - |
| Change in cash | - | €9k | €-2k | €24k | €-10k | ▼ 141% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.54
Current ratio from 1.48 to 3.54; short-term debt falls from €50k to €17k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22k ▲42.9%
Operating result €33k, net result €22k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2015
Ground area
3,278 m²
Building footprint
138 m²
Volume, LiDAR
768 m³
Parcel 25056B0364/00R000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
QPware
since 20152.242.772.533
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25056B0364/00R000 | Wallonia | 3,278 m² | 1 · 138 m² | 7.4 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,260 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
Founded02-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.