QS EXPLOITATION
ActiveThe computed 12-month bankruptcy probability of QS EXPLOITATION is 4.0% (elevated). The 2025 annual accounts show equity of €53k and a net result of €65k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 799 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency6▼-27
Growth78▲+46
Stability94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.1 in 2024), and 94.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 799 sector peers (2025).
NBB · sector comparisonPosition among 799 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-03-2026, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
150 d late
2024
105 d late
2023
1 d early
2022
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k
2024 · €-95k
2022: €44k
2023: €29k
2024: €-95k
2022 → 2025
Working capital
€-232k▼ 19.5%
2024 · €-194k
2022: €-210k
2023: €-153k
2024: €-194k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€10k-€83k▲ 732%€-12k€53k
Operating result€58k-€39k▼ 33.2%€-90k€82k
Net result€44k-€29k▼ 34.0%€-95k€65k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €82k after a loss of €90k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€675k▲ 76.4%
Current assets
€375k▲ 1,660%
Equity and liabilities €1.05M
Equity
€53k
Debt
€997k
Debt finances 94.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€191k▲
2024 · €-30k
Cash flow
€173k▲
2024 · €-35k
Solvency
5.1%▲
2024 · -2.9%
Current ratio
0.62▲
2024 · 0.10
Quick ratio
0.61▲
2024 · 0.09
Debt / equity
18.75▲
2024 · -35.81
ROE
121.8%▼
2024 · 816.3%
ROA
6.2%▲
2024 · -23.5%
Interest coverage
10.88▲
2024 · -6.04
Debt
€997k▲
2024 · €416k
Debt ≤ 1 year
€606k▲
2024 · €215k
Debt > 1 year
€390k▲
2024 · €201k
Income taxes
€168▼
2024 · €209
Staff costs
€871k▲
2024 · €727k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€404k€1.05M▲
Fixed assets21/28€383k€675k▲
Intangible fixed assets21€59k€47k▼
Tangible fixed assets22/27€323k€628k▲
Land and buildings22€0€0=
Plant, machinery and equipment23€288k€517k▲
Furniture and vehicles24€31k€56k▲
Other tangible fixed assets26€5k€54k▲
Current assets29/58€21k€375k▲
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€0€270k▲
Trade receivables40€0€6k▲
Other amounts receivable41€0€264k▲
Cash at bank and in hand54/58€19k€103k▲
Equity and liabilities
Total equity and liabilities10/49€404k€1.05M▲
Equity10/15€-12k€53k▲
Contributions10/11€10k€10k=
Reserves13€73k€73k=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14€-95k€-30k▲
Amounts payable17/49€416k€997k▲
Amounts payable after more than one year17€201k€390k▲
Financial debts170/4€201k€390k▲
Amounts payable within one year42/48€215k€606k▲
Current portion of amounts payable after more than one year42-€65k
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€42k€373k▲
Suppliers440/4€42k€373k▲
Taxes, remuneration and social security45€131k€121k▼
Taxes450/3€26k€59k▲
Remuneration and social security454/9€105k€63k▼
Other amounts payable47/48€42k€47k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€727k€871k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€109k▲
Other operating charges640/8€3k€9k▲
Gross operating margin9900€700k€1.07M▲
Operating profit (loss)9901€-90k€82k▲
Financial income75/76B€20€240▲
Recurring financial income75€20€240▲
Non-recurring financial income76B€0-
Financial charges65/66B€5k€18k▲
Recurring financial charges65€5k€18k▲
Profit (loss) for the period before taxes9903€-95k€65k▲
Income taxes67/77€209€168▼
Profit (loss) for the period9904€-95k€65k▲
Profit (loss) for the period to be appropriated9905€-95k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-30k▲
Profit (loss) brought forward from the previous period14P-€-95k
Social balance
Average headcount (FTE)908723.024.5▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 150 days late
2025
31-03
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 105 days late
2024
31-03
Financial
Weakest financial yearnet €-95k ▼426%
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, La Roche-en-Ardenne · 1 establishment unit since 2021
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.
Rue des Bateliers 76980 La Roche-en-ArdenneGround area
169 m²
Building footprint
67 m²
Parcel 83031A0582/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
QS EXPLOITATION
since 20212.317.767.488
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83031A0582/00B000 | Wallonia | 169 m² | 1 · 66 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyLa-Roche-en-Ardenne2.317.767.488
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Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 9,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2021
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.
Contact details
2 entriesWebsite:www.lequaison.be
E-mail:info@lequaison.be