QTRONICS
ActiveSummary
QTRONICS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,976 and a net result of €2,269. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+5
Solvency73▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.01 in 2024; short-term debt: 19.9% and cash: 16% of total assets), and 51.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
39 d early
2023
16 d early
2022
22 d early
2021
42 d early
2020
41 d early
2019
36 d 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 31 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€30,976▲ 7.9%
2024 · €28,707
Total assets
€64,266▼ 44.8%
2024 · €116,322
Net result
€2,269▼ 36.0%
2024 · €3,544
Working capital
€2,226▲ 535%
2024 · €351
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
Line20212022202320242025
Operating result€8,516▼ 54.6%€24,812▲ 191%€21,275▼ 14.3%€3,792▼ 82.2%€5,197▲ 37.0%
Net result€5,334▼ 10.2%€6,312▲ 18.3%€405▼ 93.6%€3,544▲ 774%€2,269▼ 36.0%
Equity€23,396▲ 1.7%€24,758▲ 5.8%€25,163▲ 1.6%€28,707▲ 14.1%€30,976▲ 7.9%
Total assets€430,459▼ 41.3%€2.1m▲ 394%€129,726▼ 93.9%€116,322▼ 10.3%€64,266▼ 44.8%
Debt€407,063▼ 42.7%€2.1m▲ 417%€104,563▼ 95.0%€87,615▼ 16.2%€33,290▼ 62.0%
Working capital-€322,439▲ 45.5%-€10,434▲ 96.8%-€2,923▲ 72.0%€351€2,226▲ 535%
Staff (FTE)1=1=0.9▼ 10.0%0.9=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets -94% on 2022. Cause not known from the registers.
- 2022 Total assets +394% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,266
Fixed assets
€49,250 ▼ 0.2%
Current assets
€15,016 ▼ 77.6%
Equity and liabilities €64,266
Equity
€30,976 ▲ 7.9%
Debt
€33,290 ▼ 62.0%
Debt's share of the balance-sheet total falls from 75.3% to 51.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,304▲
2024 · €3,992
Cash flow
€2,375▼
2024 · €3,744
Current ratio
1.17▲
2024 · 1.01
Quick ratio
1.17▲
2024 · 1.00
Debt to equity
1.07▼
2024 · 3.05
ROE
7.3%▼
2024 · 12.3%
ROA
3.5%▲
2024 · 3.0%
Interest coverage
2.52▲
2024 · 2.02
Debt ≤ 1 year
€12,790▼
2024 · €66,615
Debt > 1 year
€20,000=
2024 · €20,000
Income taxes
€824▲
2024 · -€1,725
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 5,047 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €69,172 | €68,843 | €14,829 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,870 | €4,844 | €4,947 | €200 | €107 | ▼ 46.7% |
| Other operating charges640/8 | - | €1,389 | €1,040 | €1,707 | €1,714 | ▲ 0.4% |
| Gross operating margin9900 | €120,279 | €100,217 | €96,105 | €20,528 | €7,017 | ▼ 65.8% |
| Operating profit (loss)9901 | €8,516 | €24,812 | €21,275 | €3,792 | €5,197 | ▲ 37.0% |
| Financial charges65/66B | - | €14,927 | €17,370 | €1,973 | €2,105 | ▲ 6.7% |
| Recurring financial charges65 | €4,084 | €14,927 | €17,370 | €1,973 | €2,105 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €7,802 | €9,885 | €3,905 | €1,819 | €3,093 | ▲ 70.0% |
| Income taxes67/77 | €2,468 | €3,573 | €3,500 | -€1,725 | €824 | ▲ 148% |
| Profit (loss) for the period9904 | €5,334 | €6,312 | €405 | €3,544 | €2,269 | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €5,334 | €6,312 | €405 | €3,544 | €2,269 | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €430,459 | €2.1m | €129,726 | €116,322 | €64,266 | ▼ 44.8% |
| Fixed assets21/28 | €367,144 | €57,903 | €49,557 | €49,357 | €49,250 | ▼ 0.2% |
| Tangible fixed assets22/27 | €367,144 | €54,503 | €49,557 | €49,357 | €49,250 | ▼ 0.2% |
| Furniture and vehicles24 | - | €5,253 | €307 | €107 | - | - |
| Other tangible fixed assets26 | - | €49,250 | €49,250 | €49,250 | €49,250 | = |
| Financial fixed assets28 | - | €3,400 | €0 | - | - | - |
| Current assets29/58 | €63,315 | €2.1m | €80,170 | €66,966 | €15,016 | ▼ 77.6% |
| Stocks and contracts in progress3 | €283 | €5,794 | €70 | €18 | €4 | ▼ 80.8% |
| Stocks30/36 | - | €140 | €70 | - | €4 | - |
| Contracts in progress37 | - | €5,654 | €0 | €18 | - | - |
| Amounts receivable within one year40/41 | €4,971 | €36,997 | €41,086 | €48,397 | €4,712 | ▼ 90.3% |
| Trade receivables40 | - | €21,640 | €35,687 | €45,052 | €959 | ▼ 97.9% |
| Other amounts receivable41 | - | €15,357 | €5,398 | €3,345 | €3,754 | ▲ 12.2% |
| Cash at bank and in hand54/58 | €57,416 | €1.8m | €38,319 | €18,550 | €10,300 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | €242,681 | €696 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €430,459 | €2.1m | €129,726 | €116,322 | €64,266 | ▼ 44.8% |
| Equity10/15 | €23,396 | €24,758 | €25,163 | €28,707 | €30,976 | ▲ 7.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,796 | €6,158 | €6,563 | €10,107 | €12,376 | ▲ 22.4% |
| Distributable reserves133 | - | €6,158 | €6,563 | €10,107 | €12,376 | ▲ 22.4% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €407,063 | €2.1m | €104,563 | €87,615 | €33,290 | ▼ 62.0% |
| Amounts payable after more than one year17 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Financial debts170/4 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €385,755 | €2.1m | €83,093 | €66,615 | €12,790 | ▼ 80.8% |
| Trade debts44 | €11,694 | €509,278 | €69,264 | €3,206 | €7,979 | ▲ 149% |
| Suppliers440/4 | - | €509,278 | €69,264 | €3,206 | €7,979 | ▲ 149% |
| Advances received on contracts in progress46 | - | €27,160 | €0 | €14,400 | - | - |
| Taxes, remuneration and social security45 | - | €414,612 | €8,934 | €701 | €451 | ▼ 35.7% |
| Taxes450/3 | - | €403,650 | €0 | €701 | €451 | ▼ 35.7% |
| Remuneration and social security454/9 | - | €10,962 | €8,934 | - | - | - |
| Other amounts payable47/48 | - | €1.1m | €4,894 | €48,308 | €4,360 | ▼ 91.0% |
| Accrued charges and deferred income492/3 | - | €2,712 | €1,470 | €1,000 | €500 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,334 | €6,312 | €405 | €3,544 | €2,269 | ▼ 36.0% |
| + Depreciation and write-downs630 | €4,870 | €4,844 | €4,947 | €200 | €107 | ▼ 46.7% |
| Operating cash flow (approximation) | €10,204 | €11,156 | €5,352 | €3,744 | €2,375 | ▼ 36.6% |
| Investment in fixed assets (approximation) | - | €304,396 | €3,400 | €0 | €0 | - |
| Change in cash | - | €1.7m | -€1.7m | -€19,768 | -€8,250 | ▲ 58.3% |
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
Next filing, fiscal year 2026, expected by
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €405 ▼93.6%
Net result drops to €405, the lowest in the series; recovery starts the following year.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €6,312 ▲18.3%
Operating result €24,812, net result €6,312, both a record.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Kuurne · 1 establishment unit since 2016
Ground area
897 m²
Building footprint
203 m²
Volume, LiDAR
1,250 m³
Parcel 34023C0169/00T003, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QTRONICS
since 20162.258.773.276
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0169/00T003 | Flanders | 897 m² | 1 · 203 m² | 11.3 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 3,719 companies in sector 33120 we hold annual accounts for 1,345. 957 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
Founded29-11-2016
Fiscal year end30-06
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
28940Manufacture of machinery and equipment not elsewhere classified
46190Agents in non-specialised wholesale trade
62100Computer programming
Contact
E-mail
henk@qmatex.com
Phone
0472 185820
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666776812
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.