qTube
ActiveThe computed 12-month bankruptcy probability of qTube is 2.5% (moderate). The 2025 annual accounts show equity of €245k and a net result of €54k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency72▼-23
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 3.05 in 2024; short-term debt: 16.3% and cash: 28.8% of total assets), but 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
10.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 5 filingsDeviation from the deadline
2025
17 d late
2024
2 d early
2023
on the day
2022
29 d late
2021
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€245k▲ 2.8%
2024 · €239k
2021: €115k
2022: €176k
2023: €242k
2024: €239k
2021 → 2025
Total assets
€519k▲ 51.7%
2024 · €342k
2021: €140k
2022: €193k
2023: €255k
2024: €342k
2021 → 2025
Net result
€54k▼ 43.6%
2024 · €96k
2021: €111k
2022: €65k
2023: €68k
2024: €96k
2021 → 2025
Working capital
€122k▼ 42.4%
2024 · €212k
2021: €104k
2022: €158k
2023: €212k
2024: €212k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€176k▲ 53.2%€242k▲ 38.0%€239k▼ 1.6%€245k▲ 2.8%
Operating result€140k-€78k▼ 44.5%€85k▲ 8.8%€120k▲ 41.7%€63k▼ 47.1%
Net result€111k-€65k▼ 41.9%€68k▲ 5.8%€96k▲ 40.5%€54k▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519k
Fixed assets
€312k▲ 1,096%
Current assets
€207k▼ 34.5%
Equity and liabilities €519k
Equity
€245k▲ 2.8%
Debt
€274k▲ 164%
The debt ratio rises from 30.3% to 52.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▼
2024 · €128k
Cash flow
€72k▼
2024 · €104k
Solvency
47.3%▼
2024 · 69.7%
Current ratio
2.45▼
2024 · 3.05
Quick ratio
2.21▼
2024 · 3.00
Debt / equity
1.12▲
2024 · 0.43
ROE
22.1%▼
2024 · 40.3%
ROA
10.4%▼
2024 · 28.1%
Interest coverage
11.23▼
2024 · 341.33
Debt
€274k▲
2024 · €103k
Debt ≤ 1 year
€84k▼
2024 · €103k
Debt > 1 year
€189k
Income taxes
€11k▼
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€342k€519k▲
Fixed assets21/28€26k€312k▲
Intangible fixed assets21€1€1▼
Tangible fixed assets22/27€26k€312k▲
Land and buildings22€4k€251k▲
Plant, machinery and equipment23€9k€50k▲
Furniture and vehicles24€12k€11k▼
Financial fixed assets28€0-
Current assets29/58€316k€207k▼
Stocks and contracts in progress3€6k€20k▲
Stocks30/36€6k€20k▲
Amounts receivable within one year40/41€100k€36k▼
Trade receivables40€59k€12k▼
Other amounts receivable41€42k€24k▼
Cash at bank and in hand54/58€208k€149k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€342k€519k▲
Equity10/15€239k€245k▲
Contributions10/11€5k€5k=
Reserves13€234k€240k▲
Distributable reserves133€234k€240k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€103k€274k▲
Amounts payable after more than one year17-€189k
Financial debts170/4-€189k
Amounts payable within one year42/48€103k€84k▼
Current portion of amounts payable after more than one year42-€12k
Trade debts44€5k€474▼
Suppliers440/4€5k€474▼
Taxes, remuneration and social security45€493€25k▲
Taxes450/3€493€25k▲
Other amounts payable47/48€98k€48k▼
Accrued charges and deferred income492/3-€277
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€18k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€131k€84k▼
Operating profit (loss)9901€120k€63k▼
Financial income75/76B€4k€9k▲
Recurring financial income75€4k€9k▲
Financial charges65/66B€375€7k▲
Recurring financial charges65€375€7k▲
Profit (loss) for the period before taxes9903€124k€65k▼
Income taxes67/77€27k€11k▼
Profit (loss) for the period9904€96k€54k▼
Profit (loss) for the period to be appropriated9905€96k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€54k▼
Transfer from equity791/2€4k-
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
Profit to be distributed694/7€100k€48k▼
Return on contributions (dividend)694€100k€48k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €54k ▼43.6%
Net result drops to €54k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €242k ▲38%
3 profitable years in a row build equity to €242k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €150kEq €176k ▲53.2%
2 profitable years in a row build equity to €176k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 · 2 establishment units since 2021
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.
Krekelstraat 2158870 IzegemGround area
1.2 ha
Building footprint
6,460 m²
Volume, LiDAR
507 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Krekelstraat 215, 8870 Izegem
since 20212.312.990.833
QTUBE BV
since 20252.390.136.319
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0087/00F002 | Flanders | 1.2 ha | 1 · 6,372 m² | - |
| 36494D1173/00H003 | Flanders | 282 m² | 1 · 88 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 4 entries · 1,553 EUR awarded · 1,553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 259 EUR | 259 EUR |
| 2024 | 1 | 793 EUR | 793 EUR |
| 2023 | 1 | 96 EUR | 96 EUR |
| 2022 | 1 | 405 EUR | 405 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2021
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
33140Repair and maintenance of electrical equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
71111Activities of building architects
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.