QTRADE
ActiveSummary
QTRADE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275,542 and a net result of €36,625. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 53% of 9086 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+48
Solvency72▲+18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.39 against 2.08 in 2023; short-term debt: 29.4% and cash: 5.9% of total assets), but 53.2% 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○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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
33 d early
2022
4 d early
2021
122 d early
2020
8 d early
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€275,542▲ 15.3%
2023 · €238,917
Total assets
€589,379▼ 28.4%
2023 · €823,379
Net result
€36,625
2023 · -€174,583
Working capital
€413,918▼ 2.9%
2023 · €426,457
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€44,275€8,240€176,893▲ 2,047%-€167,360€49,945
Net result-€117,806below the sector's middle half€10,226within the sector's middle half€128,582within the sector's middle half▲ 1,157%-€174,583below the sector's middle half€36,625within the sector's middle half
Equity€275,492within the sector's middle half▼ 30.0%€285,718within the sector's middle half▲ 3.7%€413,500within the sector's middle half▲ 44.7%€238,917within the sector's middle half▼ 42.2%€275,542within the sector's middle half▲ 15.3%
Total assets€1.3mwithin the sector's middle half▼ 9.7%€1.0mwithin the sector's middle half▼ 22.9%€1.0mwithin the sector's middle half▼ 0.2%€823,379within the sector's middle half▼ 19.0%€589,379within the sector's middle half▼ 28.4%
Debt€1.0m▼ 1.6%€733,630▼ 27.4%€603,409▼ 17.8%€489,462▼ 18.9%€218,836▼ 55.3%
Working capital€206,036within the sector's middle half▼ 44.8%€348,789within the sector's middle half▲ 69.3%€509,902within the sector's middle half▲ 46.2%€426,457within the sector's middle half▼ 16.4%€413,918within the sector's middle half▼ 2.9%
Solvency20.8%within the sector's middle half▼ 6.0pp28.0%within the sector's middle half▲ 7.2pp40.7%within the sector's middle half▲ 12.6pp29.0%within the sector's middle half▼ 11.6pp46.8%within the sector's middle half▲ 17.7pp
Current ratio1.21within the sector's middle half▼ 0.181.63within the sector's middle half▲ 0.422.29within the sector's middle half▲ 0.652.08within the sector's middle half▼ 0.213.39above the sector's middle half▲ 1.31
Return on assets (ROA)-8.9%below the sector's middle half▼ 14.7pp1.0%within the sector's middle half▲ 9.9pp12.6%above the sector's middle half▲ 11.6pp-21.2%below the sector's middle half▼ 33.8pp6.2%within the sector's middle half▲ 27.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €49,945 after a loss of €167,360 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €589,379
Fixed assets
€2,274 ▲ 68.2%
Current assets
€587,104 ▼ 28.6%
Equity and liabilities €589,379
Equity
€275,542 ▲ 15.3%
Provisions
€95,000 =
Debt
€218,836 ▼ 55.3%
Debt's share of the balance-sheet total falls from 59.4% to 37.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,345▲
2023 · -€165,857
Cash flow
€37,026▲
2023 · -€173,080
Quick ratio
1.98▲
2023 · 1.22
Debt to equity
0.79▼
2023 · 2.05
ROE
13.3%▲
2023 · -73.1%
Interest coverage
2.53▲
2023 · -7.10
Debt ≤ 1 year
€173,186▼
2023 · €395,570
Debt > 1 year
€45,650▼
2023 · €93,892
Income taxes
€173▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €120,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,925 | €28,292 | €21,957 | €1,503 | €400 | ▼ 73.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€3,000 | €95,000 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0 | - | - | - |
| Other operating charges640/8 | - | - | €7,240 | €1,714 | €4,337 | ▲ 153% |
| Non-recurring operating charges66A | - | - | €0 | €137,051 | €0 | ▼ 100% |
| Gross operating margin9900 | €55,747 | €9,299 | €203,090 | €67,907 | €54,682 | ▼ 19.5% |
| Operating profit (loss)9901 | -€44,275 | €8,240 | €176,893 | -€167,360 | €49,945 | ▲ 130% |
| Financial income75/76B | - | - | €5,335 | €16,254 | €6,732 | ▼ 58.6% |
| Recurring financial income75 | €7,696 | €32,700 | €5,335 | €16,254 | €6,732 | ▼ 58.6% |
| Financial charges65/66B | - | - | €12,300 | €23,345 | €19,879 | ▼ 14.8% |
| Recurring financial charges65 | €28,448 | €30,597 | €12,300 | €23,345 | €19,879 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€65,027 | €10,343 | €169,928 | -€174,451 | €36,798 | ▲ 121% |
| Income taxes67/77 | €52,779 | €117 | €41,346 | €132 | €173 | ▲ 31.3% |
| Profit (loss) for the period9904 | -€117,806 | €10,226 | €128,582 | -€174,583 | €36,625 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | -€117,806 | €10,226 | €128,582 | -€174,583 | €36,625 | ▲ 121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.0m | €1.0m | €823,379 | €589,379 | ▼ 28.4% |
| Fixed assets21/28 | €135,715 | €118,752 | €110,295 | €1,352 | €2,274 | ▲ 68.2% |
| Tangible fixed assets22/27 | €134,662 | €117,699 | €109,242 | €299 | €1,221 | ▲ 308% |
| Plant, machinery and equipment23 | - | - | €14,004 | €0 | - | - |
| Furniture and vehicles24 | - | - | €2,041 | €299 | €1,221 | ▲ 308% |
| Other tangible fixed assets26 | - | - | €93,196 | €0 | - | - |
| Financial fixed assets28 | €1,053 | €1,053 | €1,053 | €1,053 | €1,053 | = |
| Current assets29/58 | €1.2m | €900,596 | €906,614 | €822,027 | €587,104 | ▼ 28.6% |
| Amounts receivable after more than one year29 | - | - | €45,000 | €45,000 | €45,000 | = |
| Other amounts receivable291 | - | - | €45,000 | €45,000 | €45,000 | = |
| Stocks and contracts in progress3 | €695,517 | €484,781 | €413,354 | €340,215 | €244,659 | ▼ 28.1% |
| Stocks30/36 | - | - | €413,354 | €340,215 | €244,659 | ▼ 28.1% |
| Amounts receivable within one year40/41 | €397,946 | €57,313 | €361,185 | €423,332 | €251,352 | ▼ 40.6% |
| Trade receivables40 | - | - | €133,387 | €313,935 | €125,957 | ▼ 59.9% |
| Other amounts receivable41 | - | - | €227,798 | €109,397 | €125,395 | ▲ 14.6% |
| Current investments50/53 | - | - | - | - | €9,414 | - |
| Cash at bank and in hand54/58 | €30,183 | €182,013 | €83,338 | €11,460 | €34,682 | ▲ 203% |
| Deferred charges and accrued income490/1 | - | - | €3,737 | €2,019 | €1,997 | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.0m | €1.0m | €823,379 | €589,379 | ▼ 28.4% |
| Equity10/15 | €275,492 | €285,718 | €413,500 | €238,917 | €275,542 | ▲ 15.3% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €261,029 | €261,029 | €389,610 | €389,610 | €389,610 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €191 | €191 | €191 | = |
| Distributable reserves133 | - | - | €387,420 | €387,420 | €389,420 | ▲ 0.5% |
| Profit (loss) carried forward14 | -€5,536 | €4,689 | €3,889 | -€170,693 | -€134,068 | ▲ 21.5% |
| Provisions and deferred taxes16 | €35,905 | - | - | €95,000 | €95,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €95,000 | €95,000 | = |
| Other liabilities and charges164/5 | - | - | - | €95,000 | €95,000 | = |
| Amounts payable17/49 | €1.0m | €733,630 | €603,409 | €489,462 | €218,836 | ▼ 55.3% |
| Amounts payable after more than one year17 | €18,055 | €181,372 | €141,697 | €93,892 | €45,650 | ▼ 51.4% |
| Financial debts170/4 | - | - | €141,697 | €93,892 | €45,650 | ▼ 51.4% |
| Amounts payable within one year42/48 | €980,773 | €551,807 | €396,712 | €395,570 | €173,186 | ▼ 56.2% |
| Current portion of amounts payable after more than one year42 | - | - | €47,728 | €47,797 | €48,242 | ▲ 0.9% |
| Financial debts43 | - | - | €100,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | - | - | €100,000 | €100,000 | €100,000 | = |
| Trade debts44 | €422,479 | €349,231 | €206,721 | €173,269 | €20,207 | ▼ 88.3% |
| Suppliers440/4 | - | - | €206,721 | €173,269 | €20,207 | ▼ 88.3% |
| Advances received on contracts in progress46 | - | - | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €41,463 | €74,504 | €4,737 | ▼ 93.6% |
| Taxes450/3 | - | - | €41,463 | €72,504 | €2,937 | ▼ 95.9% |
| Remuneration and social security454/9 | - | - | - | €2,000 | €1,800 | ▼ 10.0% |
| Other amounts payable47/48 | - | - | €800 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €65,000 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€117,806 | €10,226 | €128,582 | -€174,583 | €36,625 | ▲ 121% |
| + Depreciation and write-downs630 | €28,925 | €28,292 | €21,957 | €1,503 | €400 | ▼ 73.4% |
| Operating cash flow (approximation) | -€88,882 | €38,518 | €150,539 | -€173,080 | €37,026 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€11,329 | -€13,500 | €107,439 | -€1,322 | ▼ 101% |
| Change in cash | - | €151,830 | -€98,675 | -€71,877 | €23,222 | ▲ 132% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €36,625
Net result €36,625 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€174,583
Net result drops to -€174,583, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €10,226
Net result €10,226 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 2010
Ground area
1,289 m²
Building footprint
152 m²
Volume, LiDAR
664 m³
Parcel 36494D1708/00B004, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
QTRADE
since 20102.184.693.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1708/00B004 | Flanders | 1,289 m² | 1 · 152 m² | 6.7 m · 1 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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WINIMOTORS
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DE BROUWER TRADING
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Erpe-Mere · Eq €273,486
Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 722 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
Founded27-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822650367
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.