Equity
QRE Developments has made a profit without a break since 2023.
QRE Developments has made a profit without a break since 2023.
The result rose in 2025 from €12,603 to €1.1m.
The micro format states no turnover.
Of this, €1.7m falls due within a year.
The last five annual accounts were filed 13 to 53 days before the end of the period.
Lower solvency than 87% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 14% of them on solvency, 31% on liquidity, 82% on profitability and 97% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
In July 2024, 875 companies had the same profile as QRE Developments has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of QRE Developments itself is lower: < 0.1% within 12 months. It rests on far more data about QRE Developments than the profile alone.
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 875 companies, not a prediction for QRE Developments. 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.
Liquidity is tight, with a current ratio of 1.12 (1.02 in 2024), below the usual 1.5. Short-term debt is 89.3% and cash 72.2% of total assets. 92.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 33 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| QRE Developments Asse | €2.0m | €1.2m | 7.1% | - |
| Carbon+Alt+Delete Mechelen | €2.1m | €1.2m | 50.2% | - |
| Conscia Belgium NV Antwerp | €1.9m | €1.4m | 16.2% | 18.7 |
| ABRAKAM ENTERTAINMENT Liège | €2.3m | €1.2m | 61.6% | 12.5 |
| CODIFLY Affligem | €2.6m | €1.4m | 69.0% | - |
| StadimData Antwerp | €2.2m | €1.4m | 39.0% | 1.7 |
| Ingenix Tielt | €2.2m | €1.2m | 16.9% | 10.8 |
These companies have the same main activity as QRE Developments: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.9m and €2.6m, founded between 2019 and 2021.
QRE Developments files the micro format. That format states no turnover. The gross margin rose from €1,486 in 2020 to €1.2m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.0m. Estimated: probably between €1.6m and €2.5m.
Higher than 13% of 21,205 companies in 2025.
Higher than 22% of 20,568 companies in 2025.
Higher than 89% of 20,743 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
2.0m | 3.9m | 268,836 | 96,148 | 24,733 | 34,871 | |
20 |
- | - | - | - | 0 | 1,752 | |
21/28 |
2,772 | 10,996 | 19,743 | 21,978 | - | - | |
21 |
0 | 6,978 | 14,478 | 21,978 | - | - | |
22/27 |
2,772 | 4,019 | 5,265 | - | - | - | |
24 |
2,772 | 4,019 | 5,265 | - | - | - | |
29/58 |
1.9m | 3.9m | 249,093 | 74,170 | 24,733 | 33,119 | |
3 |
0 | 2.3m | 221,476 | 54,171 | - | - | |
30/36 |
0 | 2.3m | 221,476 | 54,171 | - | - | |
40/41 |
540,692 | 368,052 | 9,670 | 12,689 | 1,613 | 1,853 | |
40 |
390,432 | 37,369 | 260 | - | - | - | |
41 |
150,260 | 330,683 | 9,410 | 12,689 | 1,613 | 1,853 | |
54/58 |
1.4m | 1.2m | 17,940 | 7,310 | 23,120 | 31,266 | |
490/1 |
0 | 38 | 7 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
2.0m | 3.9m | 268,836 | 96,148 | 24,733 | 34,871 | |
10/15 |
139,498 | 30,191 | 17,589 | 12,473 | 15,519 | 30,397 | |
10/11 |
30,123 | 30,123 | 30,123 | 30,123 | 30,123 | 30,123 | |
13 |
109,376 | 274 | 274 | 274 | 274 | 274 | |
133 |
109,376 | 274 | 274 | 274 | 274 | 274 | |
14 |
0 | -206 | -12,808 | -17,924 | -14,877 | - | |
17/49 |
1.8m | 3.9m | 251,247 | 83,674 | 9,214 | 4,475 | |
17 |
68,815 | 64,501 | 226,560 | 82,933 | 70 | 15 | |
178/9 |
68,815 | 64,501 | 226,560 | 82,933 | 70 | 15 | |
42/48 |
1.7m | 3.8m | 24,688 | 741 | 9,143 | 4,460 | |
44 |
741,678 | 13,552 | 24,688 | 27 | 9,075 | 4,391 | |
440/4 |
741,678 | 13,552 | 24,688 | 27 | 9,075 | 4,391 | |
46 |
0 | 3.6m | - | - | - | - | |
45 |
1,815 | 204,043 | 0 | 714 | 69 | 69 | |
450/3 |
1,815 | 204,043 | 0 | 714 | 69 | 69 | |
47/48 |
1.0m | - | - | - | - | - | |
| Income statement | |||||||
9900 |
1.2m | -2,936 | 15,084 | -2,488 | -12,706 | 1,486 | |
630 |
8,224 | 8,747 | 8,467 | 522 | 1,752 | 677 | |
640/8 |
6,444 | 437 | 1,459 | 0 | 398 | 437 | |
9901 |
1.2m | -12,120 | 5,157 | -3,010 | -14,855 | 372 | |
75/76B |
12,261 | 28,966 | - | - | 0 | 1 | |
75 |
12,261 | 28,966 | - | - | 0 | 1 | |
65/66B |
11,166 | 3,438 | 42 | 36 | 22 | 30 | |
65 |
11,166 | 3,438 | 42 | 36 | 22 | 30 | |
9903 |
1.2m | 13,408 | 5,115 | -3,046 | -14,877 | 343 | |
67/77 |
51,010 | 805 | - | - | 0 | 69 | |
9904 |
1.1m | 12,603 | 5,115 | -3,046 | -14,877 | 274 | |
9905 |
1.1m | 12,603 | 5,115 | -3,046 | -14,877 | 274 | |
| Appropriation of the result | |||||||
9906 |
1.1m | -206 | -12,808 | -17,924 | -14,877 | 274 | |
14P |
-206 | -12,808 | -17,924 | -14,877 | - | - | |
791/2 |
206 | - | - | - | - | - | |
691/2 |
109,307 | - | - | - | 0 | 274 | |
6921 |
109,307 | - | - | - | 0 | 274 | |
694/7 |
1.0m | - | - | - | - | - | |
695 |
1.0m | - | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00201034 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00283797 | |
| 31-12-2023 | micro format | 08-06-2024 | 2024-00116562 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00159491 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20112195 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28800022 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 1.2m | -3,374 | 13,625 | -2,488 | -13,103 | 1,049 | ||
| 1.1m | 21,349 | 13,583 | -2,524 | -13,126 | 951 | ||
| 0 | 0 | 6,233 | 22,500 | 0 | 0 | ||
| 161,007 | 1.2m | 10,631 | -15,810 | -8,146 | - | ||
| 205,541 | 83,696 | 224,406 | 73,429 | 15,590 | 28,660 | ||
| 7.1% | 0.8% | 6.5% | 13.0% | 62.7% | 87.2% | ||
| 1.12 | 1.02 | 10.09 | - | 2.71 | 7.43 | ||
| 1.12 | 0.43 | 1.12 | 26.99 | 2.71 | 7.43 | ||
| 12.99 | - | 14.28 | 6.71 | 0.59 | 0.15 | ||
| 795.2% | 41.7% | 29.1% | -24.4% | -95.9% | 0.9% | ||
| 56.8% | 0.3% | 1.9% | -3.2% | -60.2% | 0.8% | ||
| over 100 | -0.98 | over 100 | -69.10 | -586.80 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,233 | - | - |
| Intangible fixed assets | - | - | - | €22,500 | - |
| Financial fixed assets | €0 | - | - | - | - |
| €8,224 | €8,747 | €8,467 | €522 | €1,752 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €1.2m, after a loss of €12,120 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total falls from 99.2% to 92.9%. Equity is higher and debt is lower.
QRE Developments has no parent and no holdings in its annual accounts. Quicera is the only director.
The network lets you explore the ties of QRE Developments.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
QRE Developments was incorporated on 23 June 2020 as a private limited company by three natural persons, with a starting capital of €5,123.12 In 2021 the capital was increased by €25,000.3 The name was changed to QREDevelopments in 2023.4 The registered office was moved to Asse in 2023.5 Since 2024, Quicera has served as director.6 Total assets rose from €34,871 in 2020 to €2.0m in 2025.7
| Establishment | Since | Unit number |
|---|---|---|
| Schermershoek 36 registered office 1730 Asse | 23-06-2020 | 2.304.496.009 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23053A0061/00R000 | 1,848 m² | 1 · 174 m² | 7.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0748.841.087
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