QTHAC
ActiveQTHAC has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7k and a net result of €15k. Equity is shrinking by ~28% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 38% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency55▲+55
Growth85▲+13
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.33; short-term debt: 70.1% and cash: 92.9% of total assets), and 70.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.9%
Return on assets
69.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
52 d late
2023
61 d late
2022
35 d late
2021
113 d late
2020
44 d early
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€47k▲ 120%
2023 · €21k
2021: €9k
2022: €7k
2023: €21k
2021 → 2024
EBIT margin
48.0%▲ 17.5pp
2023 · 30.5%
2021: -56.1%
2022: -107.0%
2023: 30.5%
2021 → 2024
Net result
€15k▲ 193%
2023 · €5k
2019: €413
2020: €-559
2021: €-6k
2022: €-9k
2023: €5k
2019 → 2024
Working capital
€5k
2023 · €-9k
2019: €-621
2020: €-13k
2021: €-16k
2022: €-21k
2023: €-9k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€9k€7k▼ 20.4%€21k▲ 189%€47k▲ 120%
Equity€354-€-5k€-14k▼ 161%€-9k▲ 37.6%€7k
Operating result€-251-€-5k▼ 1,980%€-8k▼ 51.8%€7k€23k▲ 247%
Net result€-559-€-6k▼ 919%€-9k▼ 50.8%€5k€15k▲ 193%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 247% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22k
Fixed assets
€1k▲ 77.6%
Current assets
€21k▲ 492%
Equity and liabilities €22k
Equity
€7k
Debt
€16k
Debt finances 70.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€23k▲
2023 · €7k
Cash flow
€16k▲
2023 · €5k
Solvency
29.9%
Current ratio
1.33
Quick ratio
1.33
Debt / equity
2.34
ROE
230.8%
ROA
69.1%
Interest coverage
328.53▲
2023 · 137.58
Debt
€16k▲
2023 · €13k
Debt ≤ 1 year
€16k▲
2023 · €12k
Income taxes
€7k▲
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4k€22k▲
Fixed assets21/28€819€1k▲
Tangible fixed assets22/27€819€1k▲
Furniture and vehicles24€819€1k▲
Current assets29/58€4k€21k▲
Amounts receivable after more than one year29€3k-
Trade receivables290€3k-
Amounts receivable within one year40/41-€90
Trade receivables40-€90
Cash at bank and in hand54/58€767€21k▲
Deferred charges and accrued income490/1€66€30▼
Equity and liabilities
Total equity and liabilities10/49€4k€22k▲
Equity10/15€-9k€7k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€-9k€6k▲
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€12k€16k▲
Trade debts44€561€190▼
Suppliers440/4€561€190▼
Taxes, remuneration and social security45€2k€11k▲
Taxes450/3€2k€11k▲
Other amounts payable47/48€10k€4k▼
Accrued charges and deferred income492/3€646-
Income statement
Code20232024
Turnover70€21k€47k▲
Non-recurring operating income76A€2k€3k▲
Goods, raw materials, services and sundry goods60/61€16k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€187€281▲
Other operating charges640/8€828€666▼
Gross operating margin9900€8k€24k▲
Operating profit (loss)9901€7k€23k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€49€70▲
Recurring financial charges65€49€70▲
Profit (loss) for the period before taxes9903€6k€23k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€5k€15k▲
Profit (loss) for the period to be appropriated9905€5k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€6k▲
Profit (loss) brought forward from the previous period14P€-14k€-9k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
31-12
Financial
Highest result since 2019net €15k ▲193%
Operating result €23k, net result €15k, both a record.
31-12
Financial
Liquidity times 5current ratio 1.33
Current ratio from 0.28 to 1.33.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wellen · 1 establishment unit since 2019
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.
Dorpsplein 113830 WellenGround area
635 m²
Building footprint
490 m²
Volume, LiDAR
4,903 m³
Parcel 73098F1270/00R000, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
QTHAC
since 20192.292.595.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098F1270/00R000 | Flanders | 635 m² | 1 · 490 m² | 13.0 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
2024 to 2025 · 2 entries · 240 EUR awarded · 240 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 240 EUR |
| 2024 | 1 | 240 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,496 companies in sector 85510 we hold annual accounts for 718. 487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2019
Fiscal year end31-12
Activities, NACEBEL
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.qthac.com
E-mail:qutheco@gmail.com