QSIM
ActiveSummary
QSIM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.01M and a net result of €26k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 58% of 1410 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57=
Solvency76▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.74 in 2023; short-term debt: 31.2% and cash: 3.2% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.4%
Return on assets
1.3%
Age of the figures
21 mo
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 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
3 d early
2023
4 d early
2022
31 d early
2021
1 d early
2020
17 d early
2019
16 d early
2018
6 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.01M▲ 2.6%
2023 · €984k
2018: €1.15M
2019: €1.12M
2020: €1.10M
2021: €975k
2022: €963k
2023: €984k
2018 → 2024
Total assets
€1.97M▲ 15.2%
2023 · €1.71M
2018: €1.64M
2019: €1.83M
2020: €1.76M
2021: €1.57M
2022: €1.79M
2023: €1.71M
2018 → 2024
Net result
€26k▲ 20.4%
2023 · €22k
2018: €107k
2019: €-26k
2020: €-27k
2021: €-121k
2022: €-12k
2023: €22k
2018 → 2024
Working capital
€-43k
2023 · €225k
2018: €421k
2019: €480k
2020: €488k
2021: €179k
2022: €175k
2023: €225k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.10M-€975k▼ 11.1%€963k▼ 1.2%€984k▲ 2.2%€1.01M▲ 2.6%
Operating result€-42k-€-135k▼ 224%€-22k▲ 83.9%€12k€24k▲ 95.9%
Net result€-27k-€-121k▼ 349%€-12k▲ 90.0%€22k€26k▲ 20.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 96% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.97M
Fixed assets
€1.39M ▲ 18.6%
Current assets
€571k ▲ 7.7%
Equity and liabilities €1.97M
Equity
€1.01M ▲ 2.6%
Provisions
€167k ▼ 9.9%
Debt
€788k ▲ 47.1%
Debt's share of the balance-sheet total rises from 31.4% to 40.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123k▲
2023 · €86k
Cash flow
€125k▲
2023 · €95k
Current ratio
0.93▼
2023 · 1.74
Debt to equity
0.78▲
2023 · 0.54
ROE
2.6%▲
2023 · 2.2%
ROA
1.3%▲
2023 · 1.3%
Interest coverage
4.35▼
2023 · 4.40
Debt ≤ 1 year
€614k▲
2023 · €306k
Debt > 1 year
€172k▼
2023 · €228k
Income taxes
€252▲
2023 · €200
Staff costs
€337▼
2023 · €345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.71M€1.97M▲
Fixed assets21/28€1.18M€1.39M▲
Tangible fixed assets22/27€970k€1.19M▲
Land and buildings22€965k€1.18M▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€3k▲
Financial fixed assets28€206k€206k=
Current assets29/58€530k€571k▲
Amounts receivable within one year40/41€494k€505k▲
Trade receivables40€65k€78k▲
Other amounts receivable41€429k€426k▼
Cash at bank and in hand54/58€31k€62k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.97M▲
Equity10/15€984k€1.01M▲
Contributions10/11€592k€592k=
Reserves13€423k€419k▼
Tax-exempt reserves132€360k€325k▼
Distributable reserves133€63k€94k▲
Profit (loss) carried forward14€-30k€366▲
Provisions and deferred taxes16€186k€167k▼
Deferred taxes168€186k€167k▼
Amounts payable17/49€536k€788k▲
Amounts payable after more than one year17€228k€172k▼
Financial debts170/4€228k€172k▼
Amounts payable within one year42/48€306k€614k▲
Current portion of amounts payable after more than one year42€45k€45k▲
Financial debts43€133k€533k▲
Credit institutions430/8€133k€533k▲
Trade debts44€121k€28k▼
Suppliers440/4€121k€28k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€985-
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€345€337▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€99k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€93k€130k▲
Operating profit (loss)9901€12k€24k▲
Financial income75/76B€14k€12k▼
Recurring financial income75€14k€12k▼
Financial charges65/66B€19k€28k▲
Recurring financial charges65€19k€28k▲
Profit (loss) for the period before taxes9903€7k€8k▲
Transfer from deferred taxes780€15k€18k▲
Income taxes67/77€200€252▲
Profit (loss) for the period9904€22k€26k▲
Transfer from tax-exempt reserves789€29k€36k▲
Profit (loss) for the period to be appropriated9905€50k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€31k▲
Profit (loss) brought forward from the previous period14P€-81k€-30k▲
Transfer to equity691/2-€31k
To other reserves6921-€31k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲2.6%
2 profitable years in a row build equity to €1.01M.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €22k
Net result €22k after 4 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-121k
Net result drops to €-121k, the lowest in the series; recovery starts the following year.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 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, Hasselt · 1 establishment unit since 2004
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.
Sint-Truidersteenweg 203500 HasseltGround area
316 m²
Building footprint
268 m²
Volume, LiDAR
2,777 m³
Parcel 71324E0020/00H000, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
QSIM
since 20042.135.869.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0020/00H000 | Flanders | 316 m² | 1 · 267 m² | 13.9 m · 3 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 to 2025 · 3 entries · 219,800 EUR awarded · 200,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 200,000 EUR |
| 2022 | 2 | 219,800 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Onderzoekspremie voor beschermde monumenten en landschappen
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 3,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.