QUADRANT COMMUNICATIONS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 25 filings
Turnover
€534,992▼ 19.6%
2024 · €665,759
EBIT margin
-1.9%▼ 2.1pp
2024 · 0.2%
Net result
-€22,114
2024 · €6,657
Working capital
€366,528▲ 0.6%
2024 · €364,407
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€534,992
▼ 19.6%
2025
20182025
Operating result
-€10,076
2025
20182025
Net result
-€22,114
2025
middle half of the sector
20182025
EBIT margin
-1.9%
▼ 2.1pp
2025
20182025
Equity
€307,044
▼ 6.7%
2025
middle half of the sector
20182025
Total assets
€458,021
▼ 5.1%
2025
middle half of the sector
20182025
Debt
€150,955
▼ 1.7%
2025
20182025
Working capital
€366,528
▲ 0.6%
2025
middle half of the sector
20182025
Solvency
67.0%
▼ 1.1pp
2025
highest quarter of the sector
20182025
Current ratio
5.20
▲ 0.61
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-4.8%
▼ 6.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.1m€0.9m▼ 16.0%€1.0m▲ 8.6%€0.9m▼ 6.0%€0.7m▼ 27.7%€0.7m▲ 1.7%€0.5m▼ 19.6%
Operating result€0.2m-€0.08m▼ 52.0%€0.06m▼ 30.3%€0.05m▼ 18.1%€0.01m▼ 71.2%-€0.03m€0.001m-€0.01m
Net result€0.1m-€0.05m▼ 55.5%€0.03mwithin the sector's middle half▼ 44.0%€0.04mwithin the sector's middle half▲ 47.8%€0.003mwithin the sector's middle half▼ 92.2%-€0.03mbelow the sector's middle half€0.007mwithin the sector's middle half-€0.02mwithin the sector's middle half
EBIT margin7.9%6.5%▼ 1.3pp4.9%▼ 1.6pp1.5%▼ 3.4pp-5.0%▼ 6.5pp0.2%▲ 5.2pp-1.9%▼ 2.1pp
Equity€0.2m-€0.3m▲ 23.1%€0.3mwithin the sector's middle half▲ 10.5%€0.3mwithin the sector's middle half▲ 14.0%€0.4mwithin the sector's middle half▲ 1.0%€0.3mwithin the sector's middle half▼ 8.5%€0.3mwithin the sector's middle half▲ 2.1%€0.3mwithin the sector's middle half▼ 6.7%
Total assets€0.6m-€0.5m▼ 12.6%€0.4mwithin the sector's middle half▼ 15.1%€0.6mwithin the sector's middle half▲ 32.2%€0.6mwithin the sector's middle half▼ 5.0%€0.6mwithin the sector's middle half▲ 0.4%€0.5mwithin the sector's middle half▼ 13.4%€0.5mwithin the sector's middle half▼ 5.1%
Debt€0.4m-€0.2m▼ 34.3%€0.1m▼ 44.3%€0.2m▲ 73.0%€0.2m▼ 13.9%€0.2m▲ 15.9%€0.2m▼ 34.6%€0.2m▼ 1.7%
Working capital€0.2m-€0.3m▲ 23.0%€0.3mwithin the sector's middle half▲ 0.2%€0.3mwithin the sector's middle half▲ 22.0%€0.4mwithin the sector's middle half▲ 13.6%€0.4mwithin the sector's middle half▼ 2.8%€0.4mwithin the sector's middle half▼ 5.3%€0.4mwithin the sector's middle half▲ 0.6%
Solvency37.8%-53.2%▲ 15.4pp69.2%above the sector's middle half▲ 16.1pp59.7%within the sector's middle half▼ 9.5pp63.5%within the sector's middle half▲ 3.8pp57.9%within the sector's middle half▼ 5.6pp68.2%within the sector's middle half▲ 10.3pp67.0%above the sector's middle half▼ 1.1pp
Current ratio1.70-2.37▲ 0.683.10within the sector's middle half▲ 0.732.61within the sector's middle half▼ 0.493.88above the sector's middle half▲ 1.273.52above the sector's middle half▼ 0.364.59above the sector's middle half▲ 1.065.20above the sector's middle half▲ 0.61
Return on assets (ROA)19.6%-10.0%▼ 9.6pp6.6%within the sector's middle half▼ 3.4pp7.4%within the sector's middle half▲ 0.8pp0.6%within the sector's middle half▼ 6.8pp-5.4%below the sector's middle half▼ 6.0pp1.4%within the sector's middle half▲ 6.8pp-4.8%below the sector's middle half▼ 6.2pp
Staff (FTE)7.7-6.7▼ 13.0%6.1within the sector's middle half▼ 9.0%5.8within the sector's middle half▼ 4.9%5.4within the sector's middle half▼ 6.9%3.6within the sector's middle half▼ 33.3%1below the sector's middle half▼ 72.2%1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,076, after a profit of €1,131 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458,021
Fixed assets
€4,180 ▼ 75.0%
Current assets
€453,841 ▼ 2.6%
Equity and liabilities €458,021
Equity
€307,044 ▼ 6.7%
Provisions
€21
Debt
€150,955 ▼ 1.7%
Debt's share of the balance-sheet total rises from 31.8% to 33.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,302▼
2024 · €2,519
Cash flow
-€21,341▼
2024 · €8,045
Debt to equity
0.49▲
2024 · 0.47
ROE
-7.2%▼
2024 · 2.0%
Interest coverage
-2.84▼
2024 · 0.82
Debt ≤ 1 year
€87,313▼
2024 · €101,646
Income taxes
€233▼
2024 · €235
Customer credit
91 days▼
2024 · 102 days
Supplier credit
47 days▼
2024 · 53 days
Staff costs
€71,651▼
2024 · €81,889
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 2 | 1 | 1 |
| full-time | 6 | 5 | 1 | 1 | - |
| part-time | - | - | 1 | - | 1 |
| in full-time equivalents | 6 | 5 | 1.8 | 1 | 0.8 |
| Average over the year, in full-time equivalents | 5.8 | 5.4 | 3.6 | 1 | 1 |
| On a permanent contract | 6 | 5 | 2 | 1 | 1 |
| Joined | 1 | 1 | 1 | 0 | 1 |
| Left | 1 | 2 | 4 | 1 | 1 |
| Training hours | 11 | - | 20 | 74 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,607 | €3,732 | €702 | - | - |
| Financial fixed assets | - | €175 | - | - | €3,100 |
| Depreciation and write-downs of the year | €2,046 | €1,516 | €2,468 | €1,388 | €773 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €1.1m | €0.9m | €1.0m | €0.9m | €0.7m | €0.7m | €0.5m | ▼ 19.6% |
| Non-recurring operating income76A | - | - | - | €8 | €0.008m | €0.007m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.6m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 18.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.2m | €0.08m | €0.07m | ▼ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.02m | €0.008m | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.01m | - | - | €0.002m | €21 | ▼ 98.8% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.005m | €0.004m | €0.003m | €0.008m | ▲ 186% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €258 | - | - |
| Gross operating margin9900 | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | €0.09m | €0.07m | ▼ 21.2% |
| Operating profit (loss)9901 | €0.2m | €0.08m | €0.06m | €0.05m | €0.01m | -€0.03m | €0.001m | -€0.01m | - |
| Financial income75/76B | - | - | - | €0.003m | €0.005m | €0.007m | €0.009m | €0.005m | ▼ 40.5% |
| Recurring financial income75 | €0.002m | €14 | €292 | €0.003m | €0.002m | €0.007m | €0.009m | €0.005m | ▼ 40.5% |
| Non-recurring financial income76B | - | - | - | - | €0.003m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.002m | €0.004m | €0.003m | €0.02m | ▲ 453% |
| Recurring financial charges65 | €0.002m | €0.001m | €450 | €0.001m | €0.002m | €0.004m | €0.003m | €0.003m | ▲ 5.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.01m | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.08m | €0.06m | €0.05m | €0.02m | -€0.03m | €0.007m | -€0.02m | - |
| Income taxes67/77 | €0.06m | €0.03m | €0.03m | €0.006m | €0.01m | €44 | €235 | €233 | ▼ 0.8% |
| Profit (loss) for the period9904 | €0.1m | €0.05m | €0.03m | €0.04m | €0.003m | -€0.03m | €0.007m | -€0.02m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.2m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | -€0.1m | €0.03m | €0.04m | €0.003m | €0.1m | €0.007m | -€0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €596,374 | €520,986 | €442,107 | €584,392 | €555,029 | €557,250 | €482,782 | €458,021 | ▼ 5.1% |
| Fixed assets21/28 | €31,365 | €28,202 | €20,394 | €19,328 | €21,543 | €19,601 | €16,728 | €4,180 | ▼ 75.0% |
| Intangible fixed assets21 | €9,793 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €20,322 | €12,072 | €4,264 | €3,198 | €5,413 | €3,646 | €773 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,198 | €5,413 | €3,646 | €773 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €1,250 | €16,130 | €16,130 | €16,130 | €16,130 | €15,955 | €15,955 | €4,180 | ▼ 73.8% |
| Current assets29/58 | €565,009 | €492,783 | €421,714 | €565,065 | €533,486 | €537,649 | €466,054 | €453,841 | ▼ 2.6% |
| Amounts receivable within one year40/41 | €331,205 | €303,664 | €386,063 | €547,013 | €521,488 | €523,702 | €457,327 | €440,143 | ▼ 3.8% |
| Trade receivables40 | - | - | - | €263,962 | €206,914 | €196,557 | €186,462 | €133,480 | ▼ 28.4% |
| Other amounts receivable41 | - | - | - | €283,051 | €314,574 | €327,145 | €270,865 | €306,663 | ▲ 13.2% |
| Cash at bank and in hand54/58 | €233,524 | €154,437 | €30,617 | €10,831 | €6,262 | €8,064 | €5,061 | €9,198 | ▲ 81.7% |
| Deferred charges and accrued income490/1 | - | - | - | €7,220 | €5,736 | €5,883 | €3,665 | €4,499 | ▲ 22.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €596,374 | €520,986 | €442,107 | €584,392 | €555,029 | €557,250 | €482,782 | €458,021 | ▼ 5.1% |
| Equity10/15 | €225,136 | €277,060 | €306,153 | €349,164 | €352,525 | €322,501 | €329,159 | €307,044 | ▼ 6.7% |
| Contributions10/11 | €18,600 | €18,600 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €206,536 | €258,460 | €242,400 | €285,400 | €289,400 | €260,400 | €266,900 | €244,900 | ▼ 8.2% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €183,498 | €183,498 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | €95,702 | €99,702 | €235,450 | €241,950 | €219,950 | ▼ 9.1% |
| Profit (loss) carried forward14 | - | - | €1,753 | €1,764 | €1,124 | €101 | €258 | €144 | ▼ 44.3% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €21 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €21 | - |
| Pensions and similar obligations160 | - | - | - | - | - | - | - | €21 | - |
| Amounts payable17/49 | €371,238 | €243,926 | €135,954 | €235,228 | €202,505 | €234,749 | €153,623 | €150,955 | ▼ 1.7% |
| Amounts payable within one year42/48 | €333,214 | €207,607 | €135,954 | €216,411 | €137,490 | €152,734 | €101,646 | €87,313 | ▼ 14.1% |
| Trade debts44 | €150,897 | €104,007 | €81,610 | €134,673 | €93,475 | €130,269 | €83,578 | €60,723 | ▼ 27.3% |
| Suppliers440/4 | - | - | - | €134,673 | €93,475 | €130,269 | €83,578 | €60,723 | ▼ 27.3% |
| Taxes, remuneration and social security45 | - | - | - | €75,837 | €44,014 | €22,465 | €18,068 | €26,590 | ▲ 47.2% |
| Taxes450/3 | - | - | - | €24,370 | €17,928 | €11,809 | €12,043 | €24,643 | ▲ 105% |
| Remuneration and social security454/9 | - | - | - | €51,466 | €26,086 | €10,655 | €6,026 | €1,947 | ▼ 67.7% |
| Other amounts payable47/48 | - | - | - | €5,901 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €18,817 | €65,015 | €82,015 | €51,977 | €63,643 | ▲ 22.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,700 | €51,924 | €29,093 | €43,011 | €3,360 | -€30,023 | €6,657 | -€22,114 | - |
| + Depreciation and write-downs630 | €36,385 | €22,401 | €8,122 | €2,046 | €1,516 | €2,468 | €1,388 | €773 | ▼ 44.3% |
| Operating cash flow (approximation) | €153,086 | €74,326 | €37,215 | €45,057 | €4,876 | -€27,555 | €8,045 | -€21,341 | - |
| Investment in fixed assets (approximation) | - | -€19,239 | -€314 | -€980 | -€3,732 | -€527 | €1,485 | €11,775 | ▲ 693% |
| Change in cash | - | -€79,087 | -€123,820 | -€19,785 | -€4,570 | €1,802 | -€3,003 | €4,137 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as QUADRANT COMMUNICATIONS has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of QUADRANT COMMUNICATIONS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for QUADRANT COMMUNICATIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00342809 | |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00250899 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00285155 | |
| 31-12-2022 | abbreviated format | 03-08-2023 | 2023-00310559 | |
| 31-12-2021 | abbreviated format | 03-08-2022 | 2022-20266234 | |
| 31-12-2020 | abbreviated format | 03-08-2021 | 2021-45400147 | |
| 31-12-2019 | abbreviated format | 06-08-2020 | 2020-39700074 | |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48400334 | |
| 31-12-2017 | abbreviated format | 06-09-2018 | 2018-61800239 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-30300278 |