QRE Developments

Active

Private limited companyfounded 20206 yrs activeSchermershoek 36, 1730 Asse, BelgiumKBO/BCE: BE 0748.841.087

QRE Developments has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €13k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

48 / 100

Fair▼ -33 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency12▼-26

Growth58=

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.02 against 10.09 in 2023), and 99.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 20785 sector peers (2024).

NBB · sector comparison

Position among 20785 sector peers

Solvency

better than 9%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

13 d early

2023

53 d early

2022

34 d early

2021

31 d early

2020

30 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€30k▲ 71.7%

2023 · €18k

2020: €30k 2021: €16k 2022: €12k 2023: €18k

2020 → 2024

Total assets

€3.88M▲ 1,344%

2023 · €269k

2020: €35k 2021: €25k 2022: €96k 2023: €269k

2020 → 2024

Net result

€13k▲ 146%

2023 · €5k

2020: €274 2021: €-15k 2022: €-3k 2023: €5k

2020 → 2024

Working capital

€84k▼ 62.7%

2023 · €224k

2020: €29k 2021: €16k 2022: €73k 2023: €224k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€30k-€16k▼ 48.9%€12k▼ 19.6%€18k▲ 41.0%€30k▲ 71.7%

Operating result€372-€-15k€-3k▲ 79.7%€5k€-12k

Net result€274-€-15k€-3k▲ 79.5%€5k€13k▲ 146%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €12k after €5k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.88M

99.7%

Fixed assets €11k▼ 44.3%

Current assets €3.87M▲ 1,454%

Equity and liabilities €3.88M

99.2%

Equity €30k▲ 71.7%

Debt €3.85M▲ 1,433%

The debt ratio rises from 93.5% to 99.2%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €14k

Cash flow

€21k▲

2023 · €14k

Solvency

0.8%▼

2023 · 6.5%

Current ratio

1.02▼

2023 · 10.09

Quick ratio

0.43▼

2023 · 1.12

ROE

41.7%▲

2023 · 29.1%

ROA

0.3%▼

2023 · 1.9%

Interest coverage

-0.98▼

2023 · 324.40

Debt

€3.85M▲

2023 · €251k

Debt ≤ 1 year

€3.79M▲

2023 · €25k

Debt > 1 year

€65k▼

2023 · €227k

Income taxes

€805

A ratio outside any meaningful range has been withheld (balance sheet total €3.88M, equity €30k).

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€269k€3.88M▲

Fixed assets21/28€20k€11k▼

Intangible fixed assets21€14k€7k▼

Tangible fixed assets22/27€5k€4k▼

Furniture and vehicles24€5k€4k▼

Current assets29/58€249k€3.87M▲

Stocks and contracts in progress3€221k€2.26M▲

Stocks30/36€221k€2.26M▲

Amounts receivable within one year40/41€10k€368k▲

Trade receivables40€260€37k▲

Other amounts receivable41€9k€331k▲

Cash at bank and in hand54/58€18k€1.25M▲

Deferred charges and accrued income490/1€7€38▲

Equity and liabilities

Total equity and liabilities10/49€269k€3.88M▲

Equity10/15€18k€30k▲

Contributions10/11€30k€30k=

Reserves13€274€274=

Distributable reserves133€274€274=

Profit (loss) carried forward14€-13k€-206▲

Amounts payable17/49€251k€3.85M▲

Amounts payable after more than one year17€227k€65k▼

Other amounts payable178/9€227k€65k▼

Amounts payable within one year42/48€25k€3.79M▲

Trade debts44€25k€14k▼

Suppliers440/4€25k€14k▼

Advances received on contracts in progress46-€3.57M

Taxes, remuneration and social security45€0€204k▲

Taxes450/3€0€204k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲

Other operating charges640/8€1k€437▼

Gross operating margin9900€15k€-3k▼

Operating profit (loss)9901€5k€-12k▼

Financial income75/76B-€29k

Recurring financial income75-€29k

Financial charges65/66B€42€3k▲

Recurring financial charges65€42€3k▲

Profit (loss) for the period before taxes9903€5k€13k▲

Income taxes67/77-€805

Profit (loss) for the period9904€5k€13k▲

Profit (loss) for the period to be appropriated9905€5k€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-13k€-206▲

Profit (loss) brought forward from the previous period14P€-18k€-13k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

18-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2020net €13k ▲146%

Net result €13k, the highest in the series.

08-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity times 37current ratio 100.09

Current ratio from 2.71 to 100.09; short-term debt falls from €9k to €741.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-15k ▼5525%

Net result drops to €-15k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro 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, Asse · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Schermershoek 361730 Asse

Ground area

1,848 m²

Building footprint

174 m²

Volume, LiDAR

880 m³

Parcel 23053A0061/00R000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

QRE Developments

Schermershoek 36, 1730 AsseReal estate development

since 20202.304.496.009

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23053A0061/00R000	Flanders	1,848 m²	1 · 174 m²	7.7 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid

Year	Entries	awarded	paid
2022	1	4,500 EUR	4,500 EUR

Schemes

Subsidies voor internationaal ondernemen

1 entry · 4,500 EUR · 4,500 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

CYBERCRAFT

BE 0794.710.310

Leuze-en-Hainaut · Eq €30k

Of 16,813 companies in sector 62100 we hold annual accounts for 8,747. 6,330 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-06-2020

Fiscal year end31-12

Activities, NACEBEL

62010Computer programming, consultancy and related activities

62100Computer programming

68121Development of residential building projects

70200Business and other management consultancy

70210Activities of head offices; management consultancy activities

70220Business consulting

73300Public relations and communication consultancy

82100Office administrative and support services

82110Office administrative, office support and other business support activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.