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QSM

Active
Private limited companyfounded 201016 years activeC-Mine 12, 3600 Genk, BelgiumKBO/BCE: BE 0826.585.005
Summary

QSM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551,438 and a net result of €229,271. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 1,074 sector peers (NACE 93, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Fitness centres
NACE 93130
#4 company by staff growth in Limburg, Arts, sports and recreation sector6 sites
Size
€2.7mtotal assets 2025
Staff
16.6 FTE
Equity
€551,438
Profit
€229,271
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
REBANO · 100%
Holdings
1
Accounts 31 days early2 of 12 deeds read
Why 90- Equity €551,438 (20.5% of total assets)+ Figures for FY 2025 (filed 30-06-2026)+ Profit of €229,271 (FY 2025)+ Liquidity: current ratio 1.00, cash €467,630Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 93, small)
Financial strength · tick = 2024
Strong
Solvency 46+8
equity 20.5% of total assets
Liquidity 49+6
short-term debt 46.3% · cash 17.4%
Profitability 79-7
return on assets 8.5%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (420 companies)
Last 24 months 11-2024: 4.4% 12-2024: 4.4%● unchanged vs 11-2024 01-2025: 4.4%● unchanged vs 12-2024 02-2025: 4.5%▲ +0.1 percentage points vs 01-2025 03-2025: 4.3%▼ -0.2 percentage points vs 02-2025 04-2025: 4.3%● unchanged vs 03-2025 05-2025: 4.3%● unchanged vs 04-2025 06-2025: 4.2%▼ -0.1 percentage points vs 05-2025 07-2025: 4.5%▲ +0.3 percentage points vs 06-2025 08-2025: 4.6%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.6%▼ -4.0 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.5%▼ -0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.6%▲ +0.1 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.5%▼ -0.1 percentage points vs 05-2026 07-2026: 0.4%▼ -0.1 percentage points vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.9%▲ +0.2 percentage points vs 08-2026 10-2026: 0.2%▼ -0.7 percentage points vs 09-2026lowest value
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.08 in 2024; short-term debt: 46.3% and cash: 17.4% of total assets), and 79.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 93, small): better than 43% on solvency, 43% on liquidity, 80% on profitability and 90% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Figures for FY 2025 (filed 30-06-2026)
NBB · annual accounts
lowers risk · Profit of €229,271 (FY 2025)
NBB · annual accounts
raises risk · Equity €551,438 (20.5% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.00, cash €467,630
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
18 days late
2023
28 days late
2022
31 days late
2021
2 days early
2020
9 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Board meeting · Registered-office movePower of attorney
  2. Resignation: REBANO BV (non-statutory director)Permanent representative: Rob Simons ·…
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Positive: Equity rose in 2025from €322,167 to €551,438 ▲ 71.2% View
  • Positive: Among the best 10% on net resultsector median €11,332 · 1,075 companies €229,271 View
  • Caution: Board changedlatest change 01-07-2026 · 1 in office 1 joined · 1 left View
  • Controlled by REBANOultimately: Stichting Administratiekantoor Saffelberg 100% View

By topic

Financials

Fiscal year
2025
Total assets
€2.7m
Profit
€229,271
Solvency
20.5%
Total assets▲ 10.9%
Net result
20182025
Go to Financials

Network & group

Group
Stichting Administratiekantoor Saffelberg
Subsidiaries
1
Connected companies
3

1 subsidiary

Go to Network & group

Timeline

Events
19
Since
2017
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €500,000
  2. 18-08-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
6
Legal form
Private limited company
Activity
Fitness centresNACE 93130
Founded
09-06-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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