Qstep
ActiveSummary
Qstep has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €93k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency57▲+57
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.1 against 0.41 in 2023; short-term debt: 31% and cash: 16.1% of total assets), but 67.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-11-2025, 105 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
105 d late
2023
92 d late
2022
90 d late
2021
108 d late
2020
127 d late
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€226k
EBIT margin
47.3%
Net result
€93k▲ 175%
2023 · €34k
Working capital
€53k
2023 · €-38k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€226k
Operating result€-6k€-97k▼ 1,543%€57k€40k▼ 29.4%€107k▲ 166%
Net result€-5k€-100k▼ 1,810%€54k€34k▼ 37.9%€93k▲ 175%
EBIT margin47.3%
Equity€-30k▼ 21.1%€-130k▼ 332%€-76k▲ 41.6%€-42k▲ 44.3%€50k
Total assets€207k▼ 16.7%€157k▼ 24.2%€148k▼ 5.5%€111k▼ 24.9%€155k▲ 39.3%
Debt€213k▼ 14.6%€263k▲ 23.4%€200k▼ 23.9%€130k▼ 35.3%€81k▼ 37.8%
Working capital€-35k▼ 4.3%€-130k▼ 269%€-72k▲ 44.4%€-38k▲ 46.7%€53k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 166% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155k
Fixed assets
€54k ▼ 36.2%
Current assets
€101k ▲ 280%
Equity and liabilities €155k
Equity
€50k
Provisions
€24k
Debt
€81k
Debt finances 52.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€139k▲
2023 · €72k
Cash flow
€125k▲
2023 · €66k
Current ratio
2.10▲
2023 · 0.41
Debt to equity
1.60▲
2023 · -3.06
ROE
184.4%
ROA
59.8%▲
2023 · 30.3%
Interest coverage
25.29▲
2023 · 13.30
Debt ≤ 1 year
€48k▼
2023 · €65k
Debt > 1 year
€33k▼
2023 · €63k
Income taxes
€9k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €226k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €116k | - |
| Remuneration, social security and pensions62 | - | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €38k | €32k | €32k | €32k | = |
| Other operating charges640/8 | - | €3k | €7k | €5k | €5k | ▼ 6.0% |
| Gross operating margin9900 | €34k | €-56k | €96k | €79k | €144k | ▲ 81.5% |
| Operating profit (loss)9901 | €-6k | €-97k | €57k | €40k | €107k | ▲ 166% |
| Financial income75/76B | - | €60 | €24 | €12 | - | - |
| Recurring financial income75 | €7 | €60 | €24 | €12 | - | - |
| Financial charges65/66B | - | €1k | €2k | €5k | €5k | ▲ 1.2% |
| Recurring financial charges65 | €1k | €1k | €2k | €5k | €5k | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €-7k | €-98k | €55k | €35k | €101k | ▲ 192% |
| Income taxes67/77 | €-2k | €2k | €413 | €1k | €9k | ▲ 745% |
| Profit (loss) for the period9904 | €-5k | €-100k | €54k | €34k | €93k | ▲ 175% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-100k | €54k | €34k | €93k | ▲ 175% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €157k | €148k | €111k | €155k | ▲ 39.3% |
| Fixed assets21/28 | €183k | €148k | €116k | €85k | €54k | ▼ 36.2% |
| Tangible fixed assets22/27 | €183k | €148k | €116k | €85k | €54k | ▼ 36.2% |
| Land and buildings22 | - | €144k | €113k | €82k | €51k | ▼ 37.7% |
| Plant, machinery and equipment23 | - | €2k | €1k | €961 | €2k | ▲ 94.1% |
| Furniture and vehicles24 | - | €2k | €2k | €2k | €1k | ▼ 38.6% |
| Current assets29/58 | €24k | €9k | €32k | €27k | €101k | ▲ 280% |
| Amounts receivable within one year40/41 | €15k | €7k | €23k | €23k | €75k | ▲ 225% |
| Trade receivables40 | - | - | €16k | €18k | €17k | ▼ 6.3% |
| Other amounts receivable41 | - | €7k | €7k | €5k | €58k | ▲ 1,122% |
| Cash at bank and in hand54/58 | €207 | €444 | €9k | €3k | €25k | ▲ 791% |
| Deferred charges and accrued income490/1 | - | €2k | - | €686 | €993 | ▲ 44.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €157k | €148k | €111k | €155k | ▲ 39.3% |
| Equity10/15 | €-30k | €-130k | €-76k | €-42k | €50k | ▲ 219% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €32k | €32k | €32k | €32k | €32k | ▲ 0.3% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €30k | €30k | €30k | €30k | ▲ 0.3% |
| Profit (loss) carried forward14 | €-80k | €-180k | €-126k | €-93k | - | - |
| Provisions and deferred taxes16 | €24k | €24k | €24k | €24k | €24k | = |
| Provisions for liabilities and charges160/5 | - | €24k | €24k | €24k | €24k | = |
| Pensions and similar obligations160 | - | €24k | €24k | €24k | €24k | = |
| Amounts payable17/49 | €213k | €263k | €200k | €130k | €81k | ▼ 37.8% |
| Amounts payable after more than one year17 | €154k | €124k | €93k | €63k | €33k | ▼ 48.2% |
| Financial debts170/4 | - | €124k | €93k | €63k | €33k | ▼ 48.2% |
| Amounts payable within one year42/48 | €59k | €139k | €104k | €65k | €48k | ▼ 26.2% |
| Current portion of amounts payable after more than one year42 | - | €30k | €30k | €30k | €30k | = |
| Trade debts44 | €28k | €11k | €182 | €9k | €11k | ▲ 21.3% |
| Suppliers440/4 | - | €11k | €182 | €9k | €11k | ▲ 21.3% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €8k | €7k | ▼ 20.6% |
| Taxes450/3 | - | €2k | €2k | €8k | €7k | ▼ 20.6% |
| Other amounts payable47/48 | - | €96k | €71k | €17k | - | - |
| Accrued charges and deferred income492/3 | - | €83 | €3k | €1k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-100k | €54k | €34k | €93k | ▲ 175% |
| + Depreciation and write-downs630 | €37k | €38k | €32k | €32k | €32k | = |
| Operating cash flow (approximation) | €32k | €-63k | €86k | €66k | €125k | ▲ 89.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-891 | €-445 | €-1k | ▼ 206% |
| Change in cash | - | €237 | €8k | €-6k | €22k | ▲ 485% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
2024
31-12
Financial
Highest result since 2018net €93k ▲175%
Operating result €107k, net result €93k, both a record.
31-12
Financial
Liquidity times 5current ratio 2.10
Current ratio from 0.41 to 2.10; short-term debt falls from €65k to €48k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 90 days late
2022
31-12
Financial
Back to profitnet €54k
Net result €54k after 2 loss-making years.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-12
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
05-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 127 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
Show earlier events
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 149 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Izegem · 1 establishment unit since 2009
Ground area
1,459 m²
Building footprint
214 m²
Volume, LiDAR
1,279 m³
Parcel 36494D0557/00G000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Qstep
since 20092.177.368.106
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0557/00G000 | Flanders | 1,459 m² | 1 · 214 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,074 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
manfred.geldof@skynet.beIzegem
Phone
051/31.30.91Izegem
Scores and ratios are computed by Checked and are not a credit decision.